Muni California long portfolios invest at least 80% of assets in California municipal debt. Because the income from these bonds is generally free from federal taxes and California state taxes, these portfolios are most appealing to residents of California. These portfolios have durations of more than seven years (or, if duration is unavailable, average maturities of more than 12 years).
Abbreviation: MC
Broad Asset Class: Municipal Bond
Primary Index: Barclays Municipal Bond
Secondary Index: Barclays Municipal California