The investment seeks to provide current income exempt from Federal and California state income tax by investing primarily in California municipal bonds. The fund invests at least 80% of net assets in intermediate-term, high quality municipal bonds and notes, the interest from which is expected to be exempt from federal and California state personal income taxes. It may also invest in short-term tax exempt commercial paper, floating rate notes or shares of money market mutual funds whose objectives are consistent with the fund's objectives. The average duration of its portfolio typically ranges from three to eight years. The fund is non-diversified.
Fund filings (PDF) »
Kathleen Meyer (Started: Jan 14, 2000)
Gregory Kaplan (Started: Nov 18, 2009)
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CNI Charter, 4400 N. Roxbury Drive