| The investment seeks income exempt from federal income tax and California income taxes. The fund typically invests at least 80% of assets in California municipal securities issued by: the State of California and its political subdivisions, agencies, instrumentalities, public authorities of the State of California, and territories, commonwealths and possessions of the United States that pay interest that is exempt from federal income tax, and California individual income taxes. It primarily invests in investment-grade municipal obligations with maturities of five years or less. The fund is nondiversified. |
