Green California Tax-Free Income Fund (CFNTX)

Fund Objective

The Fund’s investment objective is to seek high current tax-free income for California residents.

Strategy Highlights

• Seeks to invest in bonds that meet environmental, social and governance screens
• The manager uses criteria including, but not limited to, use of bond proceeds, expected environmental impact, source of revenues for repayment and reputation of issuer
• Generally, purchases high-quality bonds that are believed to have a low default probability
• Invests in municipal bonds issued by the State of California and produce tax-exempt interest

This Fund is intended primarily for residents of California. If you are looking for tax-free income and are comfortable with the moderate volatility of a long-term bond fund, this may be the right investment for you.

Fund at a Glance

This Fund seeks as high a level of income exempt from regular federal and California personal income taxes, as is consistent with prudent investment management and safety of capital. The Fund invests in intermediate and long-term municipal bonds.

• It is made up of municipal bonds issued by the State of California and various municipalities located within the state.
• Generally, the bonds will be rated in one of the four highest ratings (investment grade) by independent rating organizations such as Moody’s, Standard & Poor’s or Fitch.
• The Manager will seek to invest in municipal bonds that, in the judgement of the Manager, meet environmental, social and governance screens, so that the fund may be considered a green municipal bond fund. In evaluating environmental, social and governance considerations, the manager uses criteria including, but not limited to, use of bond proceeds, expected environmental impact, source of revenues for repayment and reputation of issuer.
• Generally, the interest on the municipal bonds in the Fund is not subject to federal and State of California personal income taxes.

This Fund is intended primarily for residents of California. If you are looking for tax-free income and are comfortable with the moderate volatility of a long-term bond fund, this may be the right investment for you.