Fund Research for CNI Charter CA Tax Exempt Bond Inst (CNTIX)

  • Fund Overview

    Fund Inception Date: Jan 14, 2000
    Category: Muni California Int/Sh
    Overall Risk: Below Average
    Fund Family: CNI Charter
    Return Since Inception: 4.14%
    YTD Return: 5.01%
    Yield (TTM): 3.14%
    Net Assets: 38.44 M
    Morningstar Rating:
    3 of 5
    The investment seeks to provide current income exempt from Federal and California state income tax. The fund invests at least 80% of net assets in investment grade, intermediate-term, high quality municipal bonds and notes, and at least 80% of total assets in debt securities, the interest from which is expected to be exempt from federal and California state personal income taxes. It may also invest in short-term tax exempt commercial paper, floating rate notes or the shares of money market mutual funds whose objectives are consistent with those of the fund. The fund is nondiversified.

    You need a current version of Adobe Flash Player plugin to view this chart.

    Get Adobe Flash player
    Details
    Average Eff Duration 5.17 Yrs
    Average Eff Maturity 7.5 Yrs
    Average Credit Quality AA
    Morningstar Rating as of 10/31/2009
    YTD Returns as of 11/24/2009    		 Style Box Detail calculations do not include the fund's short positions (if any)

  • Fund Performance

    10 year Growth Chart
    Growth of $10,000 from 01/31/2000 to 10/31/2009
    Mouseover the chart to see values for each month.

    You need a current version of Adobe Flash Player plugin to view this chart.

    Get Adobe Flash player

    Total Annualized Returns

    YTD 1 year 3 year 5 year 10 year Since Inception
    Fund 5.01% 6.35% 3.81% 3.36% — 4.14%
    +/- Category -5.10% -2.93% 0.95% 0.32% — —
    +/- Barclays Municipal TR USD — — — — 5.66% —

    Standardized Annual Returns

    YTD 1 year 3 year 5 year 10 year Since Inception
    Month (as of 10/31/2009) 4.05% 6.90% 3.57% 3.09% — 4.14%
    Quarter (as of 09/30/2009) 5.68% 8.45% 4.23% 3.50% — 4.35%
    Fund and Category YTD, 1yr, 3yr and 5yr Returns as of 11/24/2009
    Index YTD,1yr, 3ys and 5yr Returns as of 11/24/2009 10 yr and Since Inception Returns as of 10/31/2009
    Inception Date: 01/14/2000
    Ratings are based on risk-adjusted performance.
    View Total Returns

  • Fund Portfolio Profile

    Sector Breakdown

    Stocks
    General Obligations 7.26%
    Advanced Refunded 3.02%
    State Appropriated Tobacco 1.25%
    Non-state Appropriated Tobacco 4.88%
    Education 3.37%
    Health 1.55%
    Housing 0.62%
    Industrial 0.98%
    Transportation 2.83%
    Utilities 2.03%
    Water/Sewer 4.09%
    Misc. Revenue 10.76%
    Bond Quality
    AAA —
    AA —
    A —
    BBB —
    BB —
    B —
    Below B 0.00%
    Not Rated 6.37%

    Asset Allocation

    Short Long Net Assets
    Cash — 3.81% 3.81%
    Stocks — 0.00% 0.00%
    Bonds — 96.19% 96.19%
    Other — 0.00% 0.00%
    Foreign Stocks
    (as a % of assets)    		 — 0.00% 0.00%
    Data as of 07/31/2009 Data as of 07/31/2009 View Fund Portfolio

    Top 10 Holdings

    Maturity Date Total Holdings Value of Holdings Net Assets
    = Golden St Tob Securitization C Asse 5.5% 06/01/2043 1 M 1.14 M 2.99%
    = Orange Cnty Calif Pub Fing Aut Lease 5% 07/01/2017 1 M 1.04 M 2.73%
    = Golden St Tob Securitization C Ass 6.75% 06/01/2039 870,000.00 1.03 M 2.71%
    - Federated CA Muni Cash Instl — 933,966.00 933,966.00 2.46%
    * Los Angeles Calif Wastewtr Sys Rev Bd 5% 06/01/2014 750,000.00 848,130.00 2.23%
    = Gilroy Calif Uni Sch Dist 5.25% 08/01/2019 800,000.00 836,528.00 2.20%
    = Arizona Sch Facs Brd Ctfs Part Cops 5% 09/01/2015 750,000.00 835,762.00 2.20%
    = San Diego Calif Pub Facs Fing Sewer 5% 05/15/2014 750,000.00 831,068.00 2.19%
    = Golden St Tob Securitization C As 7.875% 06/01/2042 675,000.00 825,505.00 2.17%
    = Sacramento Calif Mun Util Dist 5.25% 05/15/2022 805,000.00 816,125.00 2.15%
    + Increase - Decrease = No change * New since last portfolio
    Data as of 07/31/2009
    Top 10 holdings account for the fund's short positions (if any). Net short positions appear shaded.
    View Fund Portfolio

  • Sales Information

    Sales Charge %

    Initial —
    Deferred —
    Taken from prospectus dated 01/28/2009
    Expense Ratio (based on net assets) 0.50%
    Taken from annual report dated 09/30/2008

  • Fund Management

    Gregory S. Kaplan
    Start Date: 11/18/2009
    Kaplan joined California Investment Trust in November 2003. Prior to joining the firm he was with Robertson Stephens Asset Management and Mentor Investment Group between 1997 and 2002. Kaplan has earned the right to use the Chartered Financial Analyst designation.
    Rodney J. Olea
    Start Date: 03/01/2005
    Olea is Senior Vice President and Director of Fixed Income of CNAM. He has oversees the creation, analysis, and management of taxable and tax-free fixed income portfolios and bond selection strategies for CNAM. He has been with CNB since 1994.
    Alan Remedios
    Start Date: 03/01/2005
    Remedios is vice president and senior fixed income portfolio manager for CNAM. He has over 17 years of investment management experience and specializes in the research, analysis, and selection of fixed income securities for CNAM. Prior to joining CNB in 1999, he was Vice President and portfolio manager at U.S. Trust Company.