The investment seeks total return with an emphasis on income exempt from federal income tax and personal income tax, if any, of South Carolina, but also considering capital appreciation. The fund invests, under normal market conditions, at least 80% of its net assets in securities and other investments, the interest on which is exempt from federal income tax and personal income tax, if any, of South Carolina. Interest from the fund's investments may be subject to the federal alternative minimum tax. The adviser normally invests the fund's assets primarily in municipal instruments.
Fund filings (PDF) »

Asset manager:
Michael Dawson (Started: Jan 1, 1999)

Advisor Company:
Massachusetts Financial Services Co
Fund family reports on Morningstar »

	1 year	3 years	5 years	10 years
Alpha*	-1.60	-1.57	-1.37	-1.22
Beta*	1.21	1.03	1.00	0.97
Mean annual return	0.38	0.39	0.39	0.31
R-squared*	99.76	96.04	92.67	95.18
Standard deviation	3.43	3.96	4.89	4.48
Sharpe ratio	1.30	1.16	0.89	0.44
* Against standard index

Risk measurement details »

Security	Net Assets
South Carolina St Go St Hig 5%	2.77%
Charleston Edl Excellence Fing Instal 5%	1.84%
Greenville Hosp Sys S C Hosp F Hosp F 6%	1.82%
Charleston S C Wtrwks & Swr Re Ref Re 5%	1.64%
Chesterfield Cnty S C Sch Dist 5%	1.58%
South Carolina St Go St Hig 5%	1.57%
Richland Cnty S C Sch Dist 5%	1.57%
Charleston S C Wtrwks & Swr Re Ref Re 5%	1.56%
Piedmont Mun Pwr Agy S C Elec Elec 6.25%	1.55%
South Carolina Transn Infrastr Rev Re 5%	1.54%

Holdings Performance »