What the Fund invests In
The investment objective of The Fund is to provide shareholders of the Fund with liquidity and as high a level of current income that is exempt from federal and California personal income taxes as is consistent with the preservation of capital.
Investing in regional funds may involve additional risk since investments are concentrated in one geographcal area.
The fund's income may be subject to certain state and local taxes, and depending on your tax status, the federal alternative minimum tax.
Fund Management
HSBC Global Asset Management (USA) Inc. manages the Fund's investments. The adviser's investment philosophy is based on their tradition of identifying clients' investment objectives and performing extensive market research to identify the appropriate securities to meet those objectives. HSBC Global Asset Management (USA) Inc. has full-time professionals, who have access to in-depth research and the ability to follow market trends and identify attractive opportunities, advising the Fund according to the Fund's investment objectives and policies.
Consider Investing in the Fund if you are
- Seeking tax-free income
- Seeking preservation of capital
- Have a low risk tolerance
- Are willing to accept lower potential returns in exchange for a high degree of safety
- Are investing for a short-term
- Live in California
The Fund will not be appropriate for anyone
- Not a California resident
- Seeking high total returns
- Pursuing a long-term goal or investing for retirement
- Investing through a tax-advantaged retirement plan