The investment seeks the maximum amount of interest income exempt from federal income tax as is consistent with reasonable risk. The fund uses the volatility of the Barclays Municipal Bond Index as an approximation of reasonable risk. It invests at least 80% of its net assets in municipal bonds that pay interest exempt from federal income tax and California personal income tax. If the interest on a municipal bond meets these standards, the fund will treat the bond as qualifying for purposes of the 80% requirement even if the issuer is located outside of California. It invests primarily in investment grade municipal bonds. The fund is non-diversified.
Fund filings (PDF) »
Daniel Solender (Started: Dec 31, 2006)
Paul Langlois (Started: Jun 1, 2012)
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