Average Annual Total Returns [further-information] As of 12/31/2020

Month EndAs of 12/31/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 05/01/1995
Fund without Sales Charge (%) (NAV) 4.72 4.28 3.67 4.91 4.60
Fund with Sales Charge (%) (POP) 3.72 4.28 3.67 4.91 4.60
Linked Bloomberg Barclays Muni Bond California Exempt/Muni Bond Index (%) 5.15 4.61 3.84 5.07
Quarter EndAs of 12/31/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 05/01/1995
Fund without Sales Charge (%) (NAV) 4.72 4.28 3.67 4.91 4.60
Fund with Sales Charge (%) (POP) 3.72 4.28 3.67 4.91 4.60
Linked Bloomberg Barclays Muni Bond California Exempt/Muni Bond Index (%) 5.15 4.61 3.84 5.07

After-Tax Average Annual Total Returns [further-information] As of 12/31/2020

No chart available for this data.
Month EndAs of 12/31/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold
Fund without Sales Charge (%) (NAV) After Shares Sold
Fund with Sales Charge (%) (POP) Before Shares Sold
Fund with Sales Charge (%) (POP) After Shares Sold
No chart available for this data.
Quarter EndAs of 12/31/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold
Fund without Sales Charge (%) (NAV) After Shares Sold
Fund with Sales Charge (%) (POP) Before Shares Sold
Fund with Sales Charge (%) (POP) After Shares Sold

Calendar Year Returns

2020 2019 2018 2017 2016 2015 2014 2013 2012 2011
Fund without Sales Charge (%) (NAV) 4.72 8.43 -0.12 5.50 0.11 3.04 12.94 -4.39 9.72 10.58
Fund with Sales Charge (%) (POP) 3.72 7.43 -1.09 4.50 -0.86 2.04 11.94 -5.31 8.72 9.58
Linked Bloomberg Barclays Muni Bond California Exempt/Muni Bond Index (%) 5.15 7.67 1.11 5.63 -0.14 3.51 9.96 -1.76 8.15 12.28

Cumulative Total Returns [further-information] As of 12/31/2020

Month EndAs of 12/31/2020 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 05/01/1995
Fund without Sales Charge (%) (NAV) 2.29 4.72 4.72 13.41 19.76 61.52 217.29
Fund with Sales Charge (%) (POP) 1.29 3.72 3.72 13.41 19.76 61.52 217.29
Linked Bloomberg Barclays Muni Bond California Exempt/Muni Bond Index (%) 1.69 5.15 5.15 14.47 20.74 63.95
Quarter EndAs of 12/31/2020 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 05/01/1995
Fund without Sales Charge (%) (NAV) 2.29 4.72 4.72 13.41 19.76 61.52 217.29
Fund with Sales Charge (%) (POP) 1.29 3.72 3.72 13.41 19.76 61.52 217.29
Linked Bloomberg Barclays Muni Bond California Exempt/Muni Bond Index (%) 1.69 5.15 5.15 14.47 20.74 63.95

MODERN PORTFOLIO THEORY (MPT) STATISTICSAs of 12/31/2020 (updated monthly)

3 YR 5 YR 10 YR
Standard Deviation (Fund) 5.41 5.11 4.86
Standard Deviation (Linked Bloomberg Barclays Muni Bond California Exempt/Muni Bond Index) 4.00 3.92 3.82
Sharpe Ratio 0.52 0.50 0.89
Information Ratio -0.19 -0.11 -0.10
Tracking Error 1.64 1.50 1.49

ADDITIONAL RISK STATISTICSAs of 12/31/2020 (updated monthly)

3 YR 5 YR 10 YR
Beta Bull 1.20 1.20 1.12
Beta Bear 1.55 1.41 1.33
Bull Bear Capture Ratio 0.81 0.87 0.83
% of Positive Months 63.89 63.33 67.50
Gains/Losses 1.89 1.83 2.20
Maximum Drawdown
7.17 7.17 8.81

SALES CHARGE, EXPENSES & FEES As of 08/01/2020 (updated annually)

Gross Expense Ratio 1.16%
Net Expense Ratio [further-information] 1.16%
Max Initial Sales Charge 0.00%
CDSC 1.00%

Volatility Measures [further-information] As of 12/31/2020 Updated Monthly, based on a 3-year period

Sharpe Ratio 0.52
Standard Deviation 5.41

Benchmarks

A benchmark is a comparable broad-based index that can be used to evaluate a fund's performance.

  • Linked Bloomberg Barclays Muni Bond California Exempt/Muni Bond Index