Address And Details

6455 Irvine Center Dr. , Irvine, CA 92618
Fund Manager Mark Marinella
Manager Tenure 4 Years 8 Months

Strategy And Objective

The fund seeks to preserve your investment and secondarily to provide current income exempt from federal and California income taxes. The fund seeks to achieve its objectives by primarily investing in municipal bonds issued by the state of California and its agencies and municipalities. Consistent with the fund’s objectives, the fund may also invest in municipal securities that are issued by jurisdictions outside California. The fund will invest at least 80% of its assets in bonds (for purposes of this limit, bonds include any debt instrument and cash equivalents, and may include certain preferred securities). Under normal circumstances, the fund will invest at least 80% of its assets in, or derive at least 80% of its income from, securities that are exempt from both federal and California income taxes. The fund will not invest in securities that subject you to the federal alternative minimum tax. The investment adviser will seek to manage the fund in order to minimize capital gain distributions.

Net Asset Value

as of 5:26 PM ET 08/26/2021


  • 1 Week
  • n/a
  • 1 Month
  • -0.19%
  • 3 Months
  • -0.10%
  • 1 Yr Return
  • -0.86%
  • 5 Yr Return
  • +0.29%

Equity Sector Breakdown

ConsumerDurables n/a
Energy n/a
Finance n/a
Health n/a
IndustrialCyclical n/a
NonDurables n/a
RetailTrade n/a
Services n/a
Technology n/a
Utilities n/a

Asset Allocation

Asset Type % Of Allocation
Bonds 100.84%
Stocks 0.00%
Cash 0.00%
Preferred 0.00%
Convertible 0.00%
ForeignStocks 0.00%
ForeignBonds 0.00%
ForeignHedged 0.00%
Other -0.84%
Total Net Assets 200.00 M

Risk Measures

Criteria 3 Years 5 Years 10 Years
Alpha -0.43 -0.50 -0.40
Beta 0.34 0.34 0.31
R Squared 0.81 0.78 0.73
Std Deviation 1.51 1.50 1.32
Sharpe Ratio 0.61 0.18 n/a

Purchase Information

as of 5:22 PM ET 08/06/2021
Minimum Initial $25000
Minimum Additional $0
Minimum Initial IRA $0


Timeframe Average Annual Current Performance Monthly As Of 08/31/2021 Average Annual Current Performance Quarterly As Of 05/31/2021 Avg Annual Current Performance Monthly As Of 08/31/2021 Avg Annual Current Performance Quarterly As Of 05/31/2021
1 Year
  • +0.37%
  • +0.83%
+0.37% +0.83%
3 Year
  • +1.97%
  • +2.12%
+1.97% +2.12%
10 Year
  • +1.27%
  • +1.36%
+1.27% +1.36%
Life Of Fund
  • +1.38%
  • +1.40%
+1.38% +1.40%

Top 10 Holdings

Symbol Company Name % Of Assets

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