
See price against where its own fundamentals say it should trade — the shaded gap is the discount or premium, across five valuation lenses.
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Under typical market conditions, this fund commits a minimum of 80% of its net assets—including any capital borrowed for investment purposes—to municipal debt instruments. These instruments are specifically selected because their income is exempt from both federal income tax and California state personal income taxes. The fund has the discretion to allocate 25% or more of its total assets to particular types of municipal obligations, such as general obligations, municipal leases, principal-only municipal investments, revenue bonds, and industrial development bonds. Additionally, it may…
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