Address And Details

P. O. Box 219078 , Kansas City, MO 64121
Fund Manager Team Managed
Manager Tenure

Strategy And Objective

The Fund’s investment objective is to seek tax-free income.Under normal market conditions,and as a fundamental policy,the Fund investsat least 80% of its net assets (plus borrowings for investment purposes) in securities the income from which,in the opinion of counsel to the issuer of each security,is exempt from regular federal individual and,as applicable,the Fund’s state income tax.The policy stated in the foregoing sentence is a fundamental policy of the Fund and may not be changed without shareholder approval of a majority of the Fund’s outstanding voting securities,as defined in the Investment Company Act of 1940,as amended (1940 Act).In complying with this 80% investment requirement,the Fund may invest in derivatives and other instruments that have economic characteristics similar to the Fund’s direct investments that are counted toward the 80% investment requirement.The Fund selects investments without regard to the alternative minimum tax(AMT).Additionally,under normal market conditions,the Fund invests at least 80% of its net assets (plus borrowings for investment purposes) in California municipal securities and in derivatives and other instruments that have economic characteristics similar to such securities. These securities are generally issued by the state and its political subdivisions (such as cities,towns,counties,agencies and authorities) and primarily include municipal bonds(long-term (more than one-year) obligations),municipal notes (short-term obligations) and interests in municipal leases.Municipal securities generally are classified as general or revenue obligations.General obligations are secured by the issuer’s pledge of its full faith,credit and taxing power for the payment of principal and interest.Revenue obligations are bonds whose interest is payable only from the revenues derived from a particular facility or class of facilities,or a specific excise tax or other revenue source.The securities in which the Fund invests may also include securities issued by issuers located outside ofCalifornia,such as U.S.territories,common wealths and possessions or by their agencies,instrumentalities and authorities,if the interest on such securities isnot subject to California and federal income tax. These securities are “California municipal securities” for purposes of this prospectus.

Net Asset Value

as of 4:24 PM ET 09/15/2021

Performance

  • 1 Week
  • -0.11%
  • 1 Month
  • -0.43%
  • 3 Months
  • -0.54%
  • 1 Yr Return
  • +2.43%
  • 5 Yr Return
  • +7.92%

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 102.01%
Stocks 0.00%
Cash 0.00%
Preferred 0.00%
Convertible 0.00%
ForeignStocks 0.00%
ForeignBonds 0.00%
ForeignHedged 0.00%
Other -2.01%
Total Net Assets 663.25 M

Risk Measures

Criteria 3 Years 5 Years 10 Years
Alpha 0.10 2.03 1.82
Beta 1.32 1.15 1.30
R Squared 0.94 0.81 0.77
Std Deviation 5.48 5.01 5.35
Sharpe Ratio 1.01 0.94 n/a

Purchase Information

as of 4:54 PM ET 09/14/2021
Minimum Initial $1000
Minimum Additional $50
Minimum Initial IRA $250

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
  • +6.10%
  • +8.73%
+6.10% +8.73%
3 Year
  • +6.46%
  • +7.07%
+6.46% +7.07%
10 Year
  • +6.99%
  • +7.39%
+6.99% +7.39%
Life Of Fund
  • +7.05%
  • +7.13%
+7.05% +7.13%

Top 10 Holdings

Symbol Company Name % Of Assets
n/a

Recent Articles from TheStreet

Ford Logo Lead Graphic

Ford Stock Rises on EV Battery-Recycling Deal With Redwood

The alliance creates a localized closed-loop recycling chain for lithium ion batteries used in its electric vehicles.

SoFi Technologies Lead

5 Top Stock Gainers for Wednesday: SoFi, Stitch Fix, General Mills

Sofi, Stitch Fix, General Mills, Marin Software and Dynavax are five top stock gainers for Wednesday.

Facebook Lead

Facebook Oversight Board Mulls Preferential Celebrity Treatment

Facebook's oversight board, responding to a report, is looking into the site's preferential treatment of celebrities.

Jim Cramer: I Read Jamie Dimon’s Annual Shareholder Letter

Dimon: If Inflation Rages, Fed May Have to Act Severely

If inflation rages, the Fed may 'jam on the brakes. ... then you’re going to see a huge reaction,' Jamie Dimon says.

Adobe Lead

Adobe Stock Falls on Profit-Taking After Better-Than-Forecast Report

With Adobe's stock up 29% year to date through Tuesday, investors saw an opportunity to take some money off the table.

Hyatt Hotel Lead

Hyatt Stock Eases After Offering of 7 Million Shares

Hyatt shares slip after the hotel chain unveiled a stock offering to partly fund its acquisition of Apple Leisure Group.

Stitch Fix Lead

Online Styling Firm Stitch Fix Stock Jumps on Surprise Profit

Stitch Fix says its new direct-purchase option has helped increase its addressable market.

SoFi Technologies Lead

SoFi Technologies Stock Surges On Bullish Jefferies 'Buy' Call

Online financial services group SoFi was also given a $25 price target and a 'buy' rating from Jefferies Wednesday.

Watch Cramer on TheStreet Live 9/22/21

Video: Jim Cramer on Federal Reserve, Adobe, FedEx, Zoom, Markets Wednesday

Jim Cramer previews Wednesday's Federal Reserve decision and discusses Adobe, FedEx, Zoom and more in Wednesday's video interview with TheStreet Live.

Toast, Inc. Lead

Toast Prices IPO at $40-Share for Valuation of $20 Billion

Toast sold 21.7 million shares at $40 each in its IPO, raising $870 million.