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Photonic crystal fibers (PCFs) with elliptical air-holes located in the core area that exhibit high birefringence, low losses, enhanced effective mode area, and low chromatic dispersion across a wide wavelength range have been presented. The effects of bending on birefringence, confinement losses and chromatic dispersion of the fundamental mode of the proposed PCFs have been thoroughly investigated by employing the full vectorial finite element method (FEM). Additionally, localization of higher order modes is presented. Also, effects of angular orientation on bending loss have been reported. Significant improvement on key propagation characteristics of the proposed PCFs are demonstrated by carefully altering the desired air hole diameters and their geometries and the hole-to-hole spacing.