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| | | Morningstar Overall Rating: |  | | Total Assets: | 71.98M | | Category: | Muni Single State Interm | | Total Expense Ratio: | % |
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| PERFORMANCE & RISK | 30-Nov-09 |
| YTD Return: | 9.99% | | 5y Avg Return: | 3.80% | | Rank in Category (ytd): | 124 | | % Rank in Category (ytd): | 48.63% | | Beta (3y): | 0.98 | | Morningstar Risk Rating: | Above average |
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| The investment seeks income exempt from federal and North Carolina income taxes, consistent with preservation of capital. The fund normally invests at least 80% of assets in tax-exempt securities, or invests so that at least 80% of income is tax-exempt. It ordinarily invests at least 65% of assets in North Carolina municipal securities. The fund invests at least 80% of assets in investment-grade securities. It may invest up to 20% of assets in unrated securities. The fund's dollar-weighted average maturity typically exceeds 10 years. The fund is nondiversified. | | | Fund Profile |
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