Average Annual Total Returns [further-information] As of 02/29/2020

Month EndAs of 02/29/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 02/01/1977
Fund without Sales Charge (%) (NAV) 12.70 6.05 4.61 5.48 5.68
Fund with Sales Charge (%) (POP) 12.70 6.05 4.61 5.48 5.68
Linked Bloomberg Barclays Muni Bond California Exempt/Muni Bond Index (%) 9.75 5.36 3.99 4.99
Quarter EndAs of 12/31/2019 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 02/01/1977
Fund without Sales Charge (%) (NAV) 9.16 5.17 3.98 5.24 5.59
Fund with Sales Charge (%) (POP) 9.16 5.17 3.98 5.24 5.59
Linked Bloomberg Barclays Muni Bond California Exempt/Muni Bond Index (%) 7.67 4.77 3.52 4.85

After-Tax Average Annual Total Returns [further-information] As of 02/29/2020

Month EndAs of 02/29/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 12.70 6.05 4.61 5.48
Fund without Sales Charge (%) (NAV) After Shares Sold 8.99 5.46 4.37 5.21
Fund with Sales Charge (%) (POP) Before Shares Sold 12.70 6.05 4.61 5.48
Fund with Sales Charge (%) (POP) After Shares Sold 8.99 5.46 4.37 5.21
Quarter EndAs of 12/31/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 9.16 5.17 3.98 5.24
Fund without Sales Charge (%) (NAV) After Shares Sold 6.94 4.81 3.91 5.04
Fund with Sales Charge (%) (POP) Before Shares Sold 9.16 5.17 3.98 5.24
Fund with Sales Charge (%) (POP) After Shares Sold 6.94 4.81 3.91 5.04

Calendar Year Returns

2019 2018 2017
Fund without Sales Charge (%) (NAV) 9.16 0.68 5.87
Fund with Sales Charge (%) (POP) 9.16 0.68 5.87
Linked Bloomberg Barclays Muni Bond California Exempt/Muni Bond Index (%) 7.67 1.11 5.63

Cumulative Total Returns [further-information] As of 02/29/2020

Month EndAs of 02/29/2020 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 02/01/1977
Fund without Sales Charge (%) (NAV) 4.72 4.30 12.70 19.28 25.28 70.49 978.26
Fund with Sales Charge (%) (POP) 4.72 4.30 12.70 19.28 25.28 70.49 978.26
Linked Bloomberg Barclays Muni Bond California Exempt/Muni Bond Index (%) 3.41 3.11 9.75 16.96 21.60 62.73
Quarter EndAs of 12/31/2019 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 02/01/1977
Fund without Sales Charge (%) (NAV) 0.53 9.16 9.16 16.33 21.57 66.66 933.77
Fund with Sales Charge (%) (POP) 0.53 9.16 9.16 16.33 21.57 66.66 933.77
Linked Bloomberg Barclays Muni Bond California Exempt/Muni Bond Index (%) 0.69 7.67 7.67 14.99 18.87 60.56

MODERN PORTFOLIO THEORY (MPT) STATISTICSAs of 03/31/2020 (updated monthly)

3 YR 5 YR 10 YR
Standard Deviation (Fund) 4.74 4.92
Alpha -0.59 -0.51
Beta 1.33 1.30 1.20
Information Ratio 0.10 0.15 0.17
Tracking Error 1.51 1.44 1.47
R-Squared 0.96 0.95 0.94

ADDITIONAL RISK STATISTICSAs of 03/31/2020 (updated monthly)

3 YR 5 YR 10 YR
Bull Bear Capture Ratio 0.93 0.92
Gains/Losses 2.10 1.86 2.15

SALES CHARGE, EXPENSES & FEES As of 08/01/2019 (updated annually)

Gross Expense Ratio 0.47%
Net Expense Ratio [further-information] 0.47%
Max Initial Sales Charge 0.00%
CDSC

Volatility Measures [further-information] As of 03/31/2020 Updated Monthly, based on a 3-year period

Beta 1.33
Sharpe Ratio
Standard Deviation 4.74

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