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Morningstar

Green California Tax-Free Income Inv CFNTX

Morningstar Medalist Rating
Medalist Rating as of | See Shelton Investment Hub
  • NAV / 1-Day Return 10.59  /  −0.19 %
  • Total Assets 40.3 Mil
  • Adj. Expense Ratio
    0.700%
  • Expense Ratio 0.700%
  • Distribution Fee Level High
  • Share Class Type No Load
  • Category Muni California Intermediate
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 2.25%
  • Effective Duration —

USD | NAV as of Apr 25, 2024 | 1-Day Return as of Apr 25, 2024, 10:10 PM GMT+0

Morningstar’s Analysis CFNTX

Will CFNTX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable CFNTX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the CFNTX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of CFNTX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Strength in Green California Tax-Free Income Inv's People Pillar is partially offset by an Average Process Pillar rating, leading to a Morningstar Medalist Rating of Neutral.

null Morningstar Manager Research

Morningstar Manager Research

Summary

Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the second-highest quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings CFNTX

More CFNTX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 47.1
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

LOS RIOS CALIF CMNTY COLLEGE DIST 5%

6.18 2.5 Mil
municipal

SANTA MARIA CALIF JT UN HIGH SCH DIST 0%

5.24 2.1 Mil
municipal

SAN MATEO FOSTER CITY CALIF PUB FING AUTH WASTEWATER REV 4%

4.97 2.0 Mil
municipal

MILPITAS CALIF UNI SCH DIST 3%

4.86 2.0 Mil
municipal

CALIFORNIA HEALTH FACS FING AUTH REV 5%

4.55 1.8 Mil
municipal

FOOTHILL-DE ANZA CALIF CMNTY COLLEGE DIST 0%

4.49 1.8 Mil
municipal

CALIFORNIA EDL FACS AUTH REV 5%

4.47 1.8 Mil
municipal

ORANGE CNTY CALIF WTR DIST REV CTFS PARTN 3%

4.20 1.7 Mil
municipal

SAN JOSE CALIF FING AUTH WASTEWATER REV 5%

4.12 1.7 Mil
municipal

SAN DIEGO CALIF PUB FACS FING AUTH SWR REV 5%

4.06 1.6 Mil
municipal