Duration, yield curve positioning, sector, security and tax exposure strategies are all utilized to add value. Management will seek to minimize tax liabilities for shareholders. It is a weighted maturity of the present values of all principal and interest payments. Cumulative total return since inception. Net of fees and expenses.
Past performance is no guarantee of future returns.
Investment return and principal value will fluctuate so that Fund shares, when redeemed, may be worth more or less than their original cost. All results include changes in share price and reinvestment of all dividend and capital gain distributions. Fund holdings are subject to change. Please read it carefully before investing or sending money. The Lehman California Insured Index consists of a broad selection of insured investment-grade municipal bonds of California domiciled issuers having remaining maturities from one year and greater.