Average Annual Total Returns [further-information] As of 09/30/2019

Month EndAs of 09/30/2019 1 Yr 3 Yr 5 Yr 10 Yr Since Inception Inception 05/01/1995
Fund without Sales Charge (%) (NAV) 9.33 2.69 3.72 4.26 4.63
Fund with Sales Charge (%) (POP) 8.33 2.69 3.72 4.26 4.63
Quarter EndAs of 09/30/2019 1 Yr 3 Yr 5 Yr 10 Yr Since Inception Inception 05/01/1995
Fund without Sales Charge (%) (NAV) 9.33 2.69 3.72 4.26 4.63
Fund with Sales Charge (%) (POP) 8.33 2.69 3.72 4.26 4.63
Linked Bloomberg Barclays Muni Bond California Exempt/Muni Bond Index (%) 8.48 3.17 3.66 4.53

After-Tax Average Annual Total Returns [further-information] As of 09/30/2019

Month EndAs of 09/30/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 9.33 2.69 3.72 4.26
Fund without Sales Charge (%) (NAV) After Shares Sold 6.80 2.74 3.58 4.11
Fund with Sales Charge (%) (POP) Before Shares Sold 8.33 2.69 3.72 4.26
Fund with Sales Charge (%) (POP) After Shares Sold 6.20 2.74 3.58 4.11
Quarter EndAs of 09/30/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 9.33 2.69 3.72 4.26
Fund without Sales Charge (%) (NAV) After Shares Sold 6.80 2.74 3.58 4.11
Fund with Sales Charge (%) (POP) Before Shares Sold 8.33 2.69 3.72 4.26
Fund with Sales Charge (%) (POP) After Shares Sold 6.20 2.74 3.58 4.11

Calendar Year Returns

2018 2017 2016 2015 2014 2013 2012 2011 2010 2009
Fund without Sales Charge (%) (NAV) -0.12 5.50 0.11 3.04 12.94 -4.39 9.72 10.58 1.42 15.82
Fund with Sales Charge (%) (POP) -1.09 4.50 -0.86 2.04 11.94 -5.31 8.72 9.58 0.44 14.82
Linked Bloomberg Barclays Muni Bond California Exempt/Muni Bond Index (%) 1.11 5.63 -0.14 3.51 9.96 -1.76 8.15 12.28 2.97 12.22

Cumulative Total Returns [further-information] As of 09/30/2019

Month EndAs of 09/30/2019 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 05/01/1995
Fund without Sales Charge (%) (NAV) 2.12 8.19 9.33 8.29 20.04 51.81 202.33
Fund with Sales Charge (%) (POP) 1.12 7.19 8.33 8.29 20.04 51.81 202.33
Quarter EndAs of 09/30/2019 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 05/01/1995
Fund without Sales Charge (%) (NAV) 2.12 8.19 9.33 8.29 20.04 51.81 202.33
Fund with Sales Charge (%) (POP) 1.12 7.19 8.33 8.29 20.04 51.81 202.33
Linked Bloomberg Barclays Muni Bond California Exempt/Muni Bond Index (%) 1.71 6.93 8.48 9.79 19.70 55.74

MODERN PORTFOLIO THEORY (MPT) STATISTICSAs of 10/31/2019 (updated monthly)

3 YR 5 YR 10 YR
Standard Deviation (Fund) 4.32 3.90 4.48
Standard Deviation (Linked Bloomberg Barclays Muni Bond California Exempt/Muni Bond Index) 3.52 3.10 3.75
Sharpe Ratio 0.34 0.65 0.90
Information Ratio -0.53 -0.03 -0.25
Tracking Error 1.09 1.12 1.30

ADDITIONAL RISK STATISTICSAs of 10/31/2019 (updated monthly)

3 YR 5 YR 10 YR
Beta Bull 1.26 1.27 1.07
Beta Bear 1.26 1.20 1.19
Bull Bear Capture Ratio 0.84 0.88 0.84
% of Positive Months 61.11 65.00 66.67
Gains/Losses 1.77 2.03 2.17
Maximum Drawdown
2.28 6.65 8.81

SALES CHARGE, EXPENSES & FEES As of 08/01/2019 (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 10/31/2019 Updated Monthly, based on a 3-year period

Sharpe Ratio 0.34
Standard Deviation 4.32

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
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