Address And Details

525 Market St. , San Francisco, CA 94105
Fund Manager Team Managed
Manager Tenure

Strategy And Objective

The Fund seeks high current income exempt from federal income tax, and capital appreciation. Under normal circumstances, we invest: at least 80% of the Funds net assets in municipal securities whose interest is exempt from federal income tax, but not necessarily federal alternative minimum tax (AMT); up to 20% of the Funds total assets in securities whose interest is subject to federal AMT; at least 50% of the Fund s total assets in municipal securities rated BBB and below or comparable unrated municipal securities; and up to 20% of the Funds total assets in inverse floaters.We invest principally in municipal securities of states, territories and possessions of the United States whose interest is exempt from federal income tax, but not necessarily federal AMT. A substantial portion of the securities will be rated BBB and below or unrated and deemed by us to be of comparable quality. Securities rated BB and below are often called high yield securities or junk bonds. We may invest in municipal debt of any credit quality. We may also invest a portion of the Funds total assets in securities whose interest is subject to federal AMT. We may use futures for duration and yield curve management. While we may purchase securities of any maturity, under normal circumstances, we expect the Funds dollar-weighted average effective maturity to be between 3 and 20 years. Dollar-weighted average effective maturity is a measure of the average time until the final payment of principal and interest is due on fixed income securities in the Funds portfolio.

Net Asset Value

as of 5:16 PM ET 10/21/2021

Performance

  • 1 Week
  • -0.45%
  • 1 Month
  • -1.62%
  • 3 Months
  • -2.58%
  • 1 Yr Return
  • +3.69%
  • 5 Yr Return
  • +2.15%

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 98.16%
Cash 1.84%
Stocks 0.00%
Preferred 0.00%
Convertible 0.00%
Other 0.00%
ForeignStocks 0.00%
ForeignBonds 0.00%
ForeignHedged 0.00%
Total Net Assets 38.33 M

Risk Measures

Criteria 3 Years 5 Years 10 Years
Alpha -1.65 0.43 n/a
Beta 1.54 1.35 n/a
R Squared 0.77 0.77 n/a
Std Deviation 7.03 6.05 n/a
Sharpe Ratio 0.66 0.57 n/a

Purchase Information

as of 5:18 PM ET 10/19/2021
Minimum Initial $1000
Minimum Additional $100
Minimum Initial IRA $250

Performance

Timeframe Average Annual Current Performance Monthly As Of 09/30/2021 Average Annual Current Performance Quarterly As Of 09/30/2021 Avg Annual Current Performance Monthly As Of 09/30/2021 Avg Annual Current Performance Quarterly As Of 09/30/2021
1 Year
  • +8.10%
  • +8.10%
+8.10% +8.10%
3 Year
  • +5.43%
  • +5.43%
+5.43% +5.43%
10 Year
  • n/a
  • n/a
n/a n/a
Life Of Fund
  • +5.16%
  • +5.16%
+5.16% +5.16%

Top 10 Holdings

Symbol Company Name % Of Assets
n/a

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