Investment Test Drive

SDCSX Deutsche California Tax-Free Income S

3 lower fee alternatives found

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Fund SDCSX Deutsche California Tax-Free Income S PWZ PowerShares Calif AMT-Free Muni Bd ETF BCHYX American Century CA Hi-Yld Muni Inv  
Similarity
?
100% 97% 93%
Annual Fees
?
$59.21
(0.58% Exp. Ratio)
$28.58
(0.28% Exp. Ratio)
$51.04
(0.50% Exp. Ratio)
Future Est. Balance in 30 yrs
Assuming 2.08% annual return
$15,591.19 $17,066.11 $15,971.99
Est. savings over 30 yrs +$1,474.92 +$380.80
Return
As of 11/30/16
1 YR RETURN -0.88%
3 YR 4.16%
5 YR 4.41%
10 YR 4.26%
1 YR RETURN 0.28%
3 YR 5.48%
5 YR 4.62%
10 YR --
1 YR RETURN 0.60%
3 YR 5.81%
5 YR 5.37%
10 YR 4.35%
Description
The investment seeks a high level of current income that is exempt from California state and federal income taxes. The fund invests at least 80% of net assets, plus the amount of any borrowings for investment purposes, in securities whose income is free from regular federal and California state income tax. Normally, at least 90% of the fund's municipal securities are in the top four grades of credit quality. It is non-diversified.
The investment seeks investment results that generally correspond (before fees and expenses) to the price and yield of the BofA Merrill Lynch California Long-Term Core Plus Municipal Securities Index. The fund generally will invest at least 80% of its total assets in municipal securities that comprise the underlying index and that also are exempt from the federal AMT. The underlying index is composed of U.S. dollar-denominated, investment grade, tax-exempt debt publicly issued by California or any U.S. territory or their political subdivisions, in the U.S. domestic market with a term of at least 15 years remaining to final maturity. It is non-diversified.
The investment seeks high current income that is exempt from federal and California income taxes. The fund invests at least 80% of the fund's net assets in municipal securities with income payments exempt from federal and California income taxes. It invests in California municipal and other debt securities with an emphasis on high-yield securities. A high-yield security is one that has been rated below investment-grade, or determined by the investment advisor to be of similar quality. The portfolio managers also may buy unrated securities if they determine such securities meet the investment objectives of the fund. The fund is non-diversified.

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The fees, balance and savings information above are estimated numbers, based on the data FeeX had at the day of publication, but may not be accurate due to incomplete or erroneous data.

The best choice is based on a combined analysis of lowest fees and highest similarity to the original fund.

Similarity

FeeX's similarity algorithm analyzes over 15 investment characteristics like investment category, asset allocation, strategy, geographical allocation and more. FeeX gives each its own weight and calculates the similarity of any two investments based on a scale of 0 to 100%. Funds with a similarity ranking of 85% and higher are considered "similar".

Yes, funds and ETFs charge fees

Deep within every fund you own lies a hidden fee called expense ratio. It takes away a set % of your savings each and every year. It can often be easily reduced by switching to similar investments with lower expense ratios.

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