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Monday, December 28, 2009, 8:16PM ET - U.S. Markets Closed. Dow Up 0.26% Nasdaq Up 0.24%
Morgan Stanley CA Tax-Free Income A (CLFAX)On Dec 28: 11.21  Down 0.01 (0.09%)  
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Profile  As of 30-Nov-09Get Profile for:
Morgan Stanley CA Tax-Free Income A
522 Fifth Avenue Jersey City NJ 07311
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Phone: 800-869-6397
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FUND OVERVIEW 
Category:Muni California Long
Fund Family:Morgan Stanley
Net Assets:23.87M
Year-to-Date Return:13.58%
Yield:4.49%
Morningstar Rating:2 stars
Fund Inception Date:28-Jul-97
MORNINGSTAR STYLE BOX 
Muni California Long
[View Category Definition]
View Top Muni California Long Funds
About the Morningstar Style Box
MANAGEMENT INFORMATION 
Neil Stone
Lead Manager since 30-Sep-07
Stone has been associated with the Morgan Stanley Investment Management Inc. in an investment management capacity since 1995.
INVESTMENT INFORMATION 
Min Initial Investment:$1,000
Min Initial Investment, IRA:NaN
Min Initial Investment, AIP:$100
Min Subsequent Investment:$100
Min Subsequent Investment, IRA:N/A
Min Subsequent Investment, AIP:$100
CLFAX can be purchased from brokerages.
FUND SUMMARY 
The investment seeks to provide a high level of current income exempt from federal and California income tax, consistent with the preservation of capital. The fund normally invests at least 80% of net assets in securities that pay interest exempt from federal and California state income taxes. It may invest up to 20% of total assets in taxable money market instruments, tax-exempt securities of other states and municipalities, and securities that pay interest income subject to the "alternative minimum tax". The fund may also invest up to 15% of total assets in inverse floating rate municipal obligations.
FUND OPERATIONS 
Last Dividend (25-Nov-09): 0.04
Last Cap Gain (31-Dec-08): 0.03
Annual Holdings Turnover 10.00%
Average for Category: 31.92%
FEES & EXPENSES 
ExpenseCLFAXCategory
Avg
Total Expense Ratio:% 1.02%
Max 12b1 Fee:% N/A
Max Front End Sales Load:4.25% 4.29%
Max Deferred Sales Load:% 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
* Per $10,000 invested


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