Morgan Stanley Active Assets California Tax-Free Trust (AACXX)

1 Day
Overall Morningstar Rating
Money market- tax-free
Style or Category
No Load
Sales Expenses
Expense Ratio
Morningstar Risk Rating™
Investment Objective The investment seeks to provide as high a level of daily income exempt from federal and California personal income tax as is consistent with stability of principal and liquidity. The fund will invest in high quality, short-term securities that are normally municipal obligations that pay interest exempt from federal and California personal income taxes. The Adviser seeks to maintain its share price at $1.00. The fund normally invests at least 80% of its net assets in securities the interest on which is exempt from federal and California personal income tax.


1 month-- 3 years--
3 months-- 5 years--
1 year-- Since inception+1.57%
Data through --

Peer Comparisonvs. Money market- tax-free

Performance 5-yr return--+0.02%
Expense ratio0.51%0.55%
Risk 5 year sharpe ratio-5.15-3.78
Net assets$2.0B$1.5B
Average market cap----
Average P/E----
Portfolio turnover----

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Fund Management and Purchase Info

Fund familyMorgan Stanley
Fund manager & tenureManagement Team / 6 Years
Minimal initial investment$0.00
Minimum IRA investment--


Fixed income85.22%
U.S. stock0.00%
International stock0.00%
Top 5 Sectors
Portfolio weighting
Business service --
Consumer goods --
Consumer service --
Energy --
Financial service --
Top 10 Holdings
Portfolio weighting
-- California Statewide Cmntys De Var Rev B3.03%
-- San Diego Cnty Calif Regl Tran Var Rev B3.03%
-- Los Angeles Calif Trans 1.5%2.98%
-- California St Var Go Bd2.83%
-- California Mun Fin Auth2.72%
-- Sacramento Calif Mun Util Dist2.54%
-- California Health Facs Fing Au Var Rate2.49%
-- Univ Calif Revs For Prev Var Gen R2.22%
-- Long Beach Calif Health Facs R Var Rt Hl2.14%
-- Los Angeles Cnty Calif Cap Ass Com 0.06%2.09%

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