Total returns on $10,000
Objective
The investment seeks to provide safety of principal and maximize total return after taking account of federal and state taxes for California residents.
The fund invests at least 80% of its net assets in a portfolio of municipal securities issued by the State of California or its political subdivisions, or otherwise exempt from California state income tax. It seeks to maintain an effective duration of three and one-half years to seven years. The fund may invest up to 20% of its total assets in junk bonds. It may invest more than 25% of its net assets in revenue bonds. The fund is non-diversified.
Profile
| Fund type | Open Ended Investment Company |
|---|---|
| Investment style (bonds) | Credit Quality: Mid Interest-Rate Sensitivity: Ltd |
| Morningstar category | Muni Single State Short |
| Launch date | 01/02/2002 |
| Price currency | USD |
| Domicile | United States |
| Symbol | ACLBX |
| Manager & start date | R.B. Davidson III 06/08/1990 Fred Cohen 31/12/1994 Michael Brooks 31/12/1999 Terrance Hults 31/12/2002 Wayne Godlin 29/01/2010 |
Investment
| Pricing frequency | Daily |
|---|---|
| Total net assets | 53.63k USDAs of Apr 30 2013 |
| Net expense ratio | 1.59% |
| Front end load | -- |
| Deferred load | 3.00% |
| Redemption fee | -- |
| Min. initial investment | 2,500 USD |
| Min. additional investment | 50.00 USD |
| Initial IRA | 2,500 USD |
| Additional IRA | -- |
| Available for sale | United States |
Diversification
Asset type
Bond | 91.07% |
|---|---|
Cash | 8.91% |
Other | 0.02% |
US stock | 0.00% |
Non-US stock | 0.00% |
Top 5 sectors
Top 5 Regions
Regional weighting data is unavailable.
Top 5 holdings
| Company | 1 year change | Portfolio weight | Long allocation |
|---|---|---|---|
| California Statewide Cmntys De Rev Bd 5% | -- | 3.20% | |
| California St Var Rev B | -- | 2.93% | |
| Los Angeles Calif Dept Wtr & P Var Rev B | -- | 2.78% | |
| California St Dept Wtr Res Pwr Rev Bd 5% | -- | 2.49% | |
| California St Econ Recover Economic 5% | -- | 2.44% |