| No headlines available for ELCAX. |
| | | Morningstar Overall Rating: |  | | Total Assets: | 350.00K | | Category: | Muni California Interm/Short | | Total Expense Ratio: | % |
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| PERFORMANCE & RISK | 30-Nov-09 |
| YTD Return: | 14.50% | | 5y Avg Return: | 2.03% | | Rank in Category (ytd): | 14 | | % Rank in Category (ytd): | 18.18% | | Beta (3y): | 1.01 | | Morningstar Risk Rating: | Above average |
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| The investment seeks a high level of current income exempt from regular federal income tax and California Sate personal income taxes, and limited principal fluctuation. The fund normally invests at least 80% of net assets in municipal obligations, the interest on which is exempt from regular federal income tax and from the state taxes which. It normally invests at least 75% of net assets in municipal obligations rated at least investment grade at the time of investment. The fund may invest in derivative instruments, residual interests of a trust that holds municipal securities (?inverse floaters?), and zero coupon bonds. It is nondiversified. | | | Fund Profile |
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