Why Muni Funds

A Municipal Bond Fund is a mutual fund that invests in municipal bonds. Municipal Bonds are a popular investment for those seeking tax-free income. Individuals in a high tax bracket and who live in the issuing state enjoy a potentially higher “taxable equivalent yield” than the yield they might receive from a taxable investment such as a long term Treasury Bond.

To calculate your “taxable equivalent yield” divide the municipal bond (or bond fund) yield by 1 minus your marginal tax rate.

If the municipal bond yield is 3% and your marginal tax rate is .25%, the taxable equivalent yield of this bond is (.03/(1-.25)) = 4%

Investors may choose to invest in a Municipal Bond Fund which may invest in a wider variety of bonds than individuals can afford on their own. Mutual Funds also benefit from institutional pricing schedules rather than paying the high commissions for retail purchases and sales.

California Investment Trust offers two Mutual Funds and one Money Market fund that invest in California Municipal Bonds. Income is non taxable to California residents. The California Investment Trust Municipal Bond funds have a policy to not invest in any bonds that generate income subject to Alternative Minimum Tax.



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The pricing, performance, graphs, and charts are provided by Ticker Technologies, Inc. The information contained herein has not been verified by California Investment Trust Fund Group or by its advisor, CCM Partners, LP, and should not be used for trading purposes. For official Fund prices and performance, please contact the Funds at (800) 225-8778. Past performance is not necessarily indicative of future results and current performance may be lower or higher than the performance quoted. The net asset value of each Fund's shares will fluctuate, as will the investment return and the principal value of an investment, so that an investor's shares, when redeemed, may be worth more or less than their original cost. This sheet must be preceded or accompanied by the current prospectus for the funds comprising the California Investment Trust Fund Group, which provides details about charges, investment objectives, risks and operating policies of the Funds. RFS Partners is the distributor of the California Investment Trust Fund Group. Distributed by RFS Partners 01/2010. Get Started Today: Download an application or call us at (800) 225-8778 and allow us to put together an application package that meets your investment objectives.