Obtain as high a level of current income exempt from federal and California state individual income taxes as is consistent, in the view of the Fund’s investment advisor, with preservation of capital. A secondary objective is to reduce expected changes in its share price compared to longer intermediate and long-term bond portfolios.
There is no guarantee that the Fund will meet its investment objectives. A portion of the Fund’s dividends could be subject to the federal Alternative Minimum Tax.
- Net Assets as of 4/30/2020: $515.6 M
- Capital Gains Paid Annually: No 2018 Capital Gains Paid