Address And Details

909 A St , Tacoma, WA 98402
Fund Manager Albert Jalso
Manager Tenure 5 Years

Strategy And Objective

The Fund seeks to provide a high level of current income that is exempt from federal tax, and as a secondary objective, total return. The Fund has a fundamental policy to invest, under normal circumstances, at least 80% of the value of its net assets plus borrowings for investment purposes in fixed income investments the income from which is exempt from federal income tax. The Fund invests principally in municipal debt obligations providing federal tax-exempt interest income, but may invest up to 20% of the value of its net assets plus borrowings for investment purposes in municipal debt securities, the income on which is subject to federal income tax, including the alternative minimum tax. The Fund generally intends to invest a substantial portion of its assets in medium- to low-quality municipal debt securities including those that are rated in the lowest rating category by a nationally recognized statistical rating organization (NRSRO). The Fund generally expects to invest between 30% and 60% of its assets in municipal debt securities that are rated below investment grade by one or more NRSROs (commonly referred to as high-yield or junk bonds) or in unrated securities judged to be of comparable quality. The Fund may invest in industrial development bonds.

Net Asset Value

as of 6:34 PM ET 09/23/2021


  • 1 Week
  • n/a
  • 1 Month
  • -0.52%
  • 3 Months
  • -0.35%
  • 1 Yr Return
  • +6.24%
  • 5 Yr Return
  • +6.14%

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 96.21%
Cash 2.03%
Other 1.76%
Stocks 0.00%
Preferred 0.00%
Convertible 0.00%
ForeignStocks 0.00%
ForeignBonds 0.00%
ForeignHedged 0.00%
Total Net Assets 21.06 M

Risk Measures

Criteria 3 Years 5 Years 10 Years
Alpha -1.35 0.72 n/a
Beta 1.60 1.39 n/a
R Squared 0.78 0.77 n/a
Std Deviation 7.25 6.22 n/a
Sharpe Ratio 0.71 0.63 n/a

Purchase Information

as of 6:31 PM ET 09/21/2021
Minimum Initial $0
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
  • +9.83%
  • +14.49%
+9.83% +14.49%
3 Year
  • +5.99%
  • +6.12%
+5.99% +6.12%
10 Year
  • n/a
  • n/a
n/a n/a
Life Of Fund
  • +5.79%
  • +5.81%
+5.79% +5.81%

Top 10 Holdings

Symbol Company Name % Of Assets

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