The fund seeks to provide preservation of capital, liquidity and, consistent with these objectives, the highest level of income exempt from federal and California state income taxes.
The fund will invest at least 65% of total assets in California municipal securities, and at least 80% of the fundís income is expected to be exempt from federal and California state income taxes.
California taxpayers seeking principal stability and liquidity who, because of their tax bracket, can benefit from income that is exempt from federal and California state income taxes. Not appropriate for tax-deferred retirement plans, such as IRAs. Some income may be subject to the federal alternative minimum tax. Income earned by non-California residents will be subject to applicable state and local taxes.
AZ, CA, DC, FL, HI, MD, NJ, NV, OR, WY
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The California Tax-Free Money Fund offers investors stability of principal, liquidity, and double-tax-free income. The fund seeks to maintain a stable net asset value and provide an appropriate place for money between investments or during uncertain market conditions. The California Tax-Free Money Fund offers lower risk and reward potential than the California Tax-Free Bond Fund.
An investment in the fund is not insured or guaranteed by the FDIC or any other government agency. Although the fund seeks to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in the fund.