Address And Details

525 Market St. , San Francisco, CA 94105
Fund Manager Bruce Johns
Manager Tenure 9 Years 8 Months

Strategy And Objective

The Fund seeks current income exempt from federal income tax and Minnesota individual income tax. Under normal circumstances, we invest: at least 80% of the Funds net assets in municipal securities whose interest is exempt from federal income tax, including federal alternative minimum tax (AMT), and Minnesota individual income tax; up to 20% of the Funds net assets in securities whose interest is subject to federal income tax, including federal AMT; up to 10% of the Funds total assets in below investment-grade municipal securities; and up to 10% of the Funds total assets in inverse floaters.We invest principally in municipal securities whose interest is exempt from federal income tax, including federal AMT, and Minnesota individual income tax. Our investment holdings may include municipal securities issued by the state of Minnesota and its subdivisions, authorities, instrumentalities and corporations, as well as municipal securities issued by the territories and possessions of the United States. Some of the securities may be below investment grade or may be unrated and deemed by us to be of comparable quality. We may also invest a portion of the Funds net assets in securities whose interest is subject to federal income tax, including federal AMT. While the Fund is required, under normal circumstances, to invest at least 80% of the Funds net assets in municipal securities whose interest is exempt from Minnesota individual income tax, we currently intend to manage the portfolio so that at least 95% of the income generated by the Fund is exempt from Minnesota individual income tax. We may use futures for duration and yield curve management.

Net Asset Value

as of 5:03 PM ET 09/21/2021

Performance

  • 1 Week
  • n/a
  • 1 Month
  • -0.27%
  • 3 Months
  • -0.09%
  • 1 Yr Return
  • +0.55%
  • 5 Yr Return
  • +0.46%

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 97.81%
Cash 2.19%
ForeignBonds 0.59%
Stocks 0.00%
Preferred 0.00%
Convertible 0.00%
Other 0.00%
ForeignStocks 0.00%
ForeignHedged 0.00%
Total Net Assets 62.06 M

Risk Measures

Criteria 3 Years 5 Years 10 Years
Alpha -0.23 -0.12 0.18
Beta 0.82 0.78 0.78
R Squared 0.99 0.98 0.97
Std Deviation 3.30 3.08 2.83
Sharpe Ratio 0.93 0.53 n/a

Purchase Information

as of 4:42 PM ET 09/20/2021
Minimum Initial $1000000
Minimum Additional $0
Minimum Initial IRA $0

Performance

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
  • +2.87%
  • +4.25%
+2.87% +4.25%
3 Year
  • +4.10%
  • +4.09%
+4.10% +4.09%
10 Year
  • +3.48%
  • +3.71%
+3.48% +3.71%
Life Of Fund
  • +4.50%
  • +4.52%
+4.50% +4.52%

Top 10 Holdings

Symbol Company Name % Of Assets
n/a

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