RiverSource California Tax-Exempt C
70100 Ameriprise Financial Center Minneapolis MN 55474
Map
Phone: 888-791-3380
| Category: | Muni California Long | | Fund Family: | RiverSource | | Net Assets: | 2.96M | | Year-to-Date Return: | 13.69% | | Yield: | 3.63% | | Morningstar Rating: |  | | Fund Inception Date: | 26-Jun-00 |
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Catherine M. Stienstra
Lead Manager since
30-Oct-07 | | | Stienstra is a portfolio manager and Leader of the municipal sector team with RiverSource Investments. She joined the company since July 2007. Prior to that, Stienstra worked as Director and Senior Portfolio Manager for FAF Advisors, since 1998 to 2007, and worked with Piper Capital Management since 1990 to 1998. She began her investment career in 1988. |
| Min Initial Investment: | $2,000 | | Min Initial Investment, IRA: | $1,000 | | Min Initial Investment, AIP: | $100 | | Min Subsequent Investment: | $100 | | Min Subsequent Investment, IRA: | $100 | | Min Subsequent Investment, AIP: | $100 |
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| The fund seeks a high level income generally exempt from federal income and from the state and local tax. The fund invests at least 80% of assets in municipal obligations that are generally exempt from federal income tax and from the state and local income tax. It invests more than 25% of assets in a particular segment of the municipal securities market or in industrial revenue bonds. The fund invests up to 25% of assets in lower-quality bonds (junk bonds). It may also invest up to 20% of assets in debt obligations whose interest is subject to the alternative minimum tax. The fund is nondiversified. |
| Last Dividend
(24-Nov-09):
| 0.01 | | Last Cap Gain
(17-Dec-07):
| 0.04 | | Annual Holdings Turnover
| 49.00% | | Average for Category:
| 31.92% |
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| Expense | RCTCX | Category
Avg | | Total Expense Ratio: | %
| 1.02% | | Max 12b1 Fee: | %
| N/A | | Max Front End Sales Load: | %
| 4.29% | | Max Deferred Sales Load: | 1.00%
| 2.71% | | 3 Yr Expense Projection*: |
$ YFT_NOT_APPLICABLE_ABBREVIATION | $559 | | 5 Yr Expense Projection*: |
$ YFT_NOT_APPLICABLE_ABBREVIATION | $800 | | 10 Yr Expense Projection*: |
$ YFT_NOT_APPLICABLE_ABBREVIATION | $1,485 |
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0.10% Nasdaq 
0.27%
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