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The investment seeks to provide current income exempt from federal and California income taxes while preserving the investors' investment. The fund primarily invests in municipal bonds issued by the state of California and its agencies and municipalities. Under normal circumstances, it will invest at least 80% of its assets in, or derive at least 80% of its income from, securities that are exempt from federal and California income taxes. The fund may also invest in municipal securities that are issued by jurisdictions outside California. It will not invest in securities that subject the investors to the federal alternative minimum tax.
Name | Title | Since | Until |
---|---|---|---|
Mark Marinella | Vice President | 2017 | Now |
Biography | Mr. Marinella is a Partner at Capital Fixed Income Investors, a division of an affiliate of Capital. Mark Marinella is a fixed income portfolio manager at Capital Group. He has 36 years of investment industry experience and has been with Capital Group for 9 years. Earlier in his career at Capital, he was head of the Investment Resources Group as well as a senior manager in fixed income. Prior to joining Capital, Mark was a global chief investment officer for fixed income and currencies at State Street Global Advisors. He holds an MBA from Boston College and a bachelor’s degree in economics from the University of Massachusetts. He also holds the Chartered Financial Analyst® designation. Mark is based in Los Angeles. | ||
Karl J. Zeile | Partner | 2010 | 2017 |
Biography | Zeile has been employed by Capital and its affiliates since 1999. | ||
John R. Queen | President | 2010 | 2017 |
Biography | John R. Queen is a fixed income portfolio manager at Capital Group. He also serves on the Portfolio Solutions Committee. He has 34 years of investment industry experience and has been with Capital Group for 22 years. Earlier in his career at Capital, John was a trader and dealer service representative. Previously in his career, he was chief operating officer and chief compliance officer, as well as managing director overseeing bond portfolios at Roxbury Capital Management, an affiliate of Wilmington Trust. Before that, he was managing director at Hotchkis and Wiley. John holds a bachelor's degree in industrial management from Purdue University and attended the U.S. Military Academy at West Point, where he majored in mechanical engineering. He also holds the Chartered Financial Analyst® designation. John is based in Los Angeles. |
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