California Intermediate Tax-Free Fund

For additional information regarding the Fund’s management, investment philosophy, and investment process, please download the product profile.

Objective

The Managers California Intermediate Tax-Free Fund’s investment objective is to achieve income free from Federal income taxes and California state income taxes, including the alternative minimum tax ("AMT").

Fund Focus

The Managers California Intermediate Tax-Free Fund invests at least 80% of its total assets in intermediate-term California municipal bonds that are free from both Federal and California state income taxes, including the AMT. At the time of purchase, the Fund's securities typically have a quality rating comparable to the four highest ratings categories by Moody's or Standard & Poor's, with a dollar-weighted average maturity of 3 to 10 years. The Fund is structured as a non-diversified fund and may hold a greater percentage of its assets in a single issuer or a smaller number of issuers than a diversified fund (although the Fund is likely to be diversified most of the time).

Fund Facts

California Intermediate Tax-Free Fund
Investment Style Municipal Debt
Benchmark(s) Barclays Capital Municipal Bond: 5 Year
Subadvisor(s) Miller Tabak Asset Management, LLC
Net Assets $31,014,095
Ticker MCATX
Cusip 561717620
Inception Date 11/16/1990
Minimum Investment
(Initial / Subsequent) 		$2,000 /
$100
Minimum IRA Investment
(Initial / Subsequent) 		$1,000 /
$100
Expense Ratio (Gross / Net) 0.88% / 0.57%
Maximum Sales Charges N/A
12b-1 fees N/A

Disclosure

Investors should carefully consider the Fund's investment objectives, risks, charges, and expenses before investing. For this and other information, please call 800.835.3879 or download a free prospectus. Read it carefully before investing or sending money.

The performance shown represents past performance and is not a guarantee of future results. Current performance may be lower or higher than quoted. The investment return and the principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. From time to time the advisor has waived fees or reimbursed expenses, which may have resulted in higher returns. The listed returns and yields on the Fund are net of expenses. Unlike the Fund, the index listed is unmanaged, is not available for investment, and does not incur expenses.

Annual expense ratio as of 03/01/2010. The Fund's Investment Manager has contractually agreed, through March 1, 2011, to limit Fund operating expenses. The net expense ratio reflects this limitation, while the gross expense ratio does not. Please refer to the Fund's prospectus for additional information on the Fund's expenses.

Downloadable Documents
Fund Pricing 03/11/10
NAV: $10.54
NAV $ Change: -$0
NAV % Change: 0.00%
YTD Return (as of 02/28/10)
- at NAV 1.32%
- with Load
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