California Intermediate Tax-Free Fund

Miller Tabak Asset Management, LLC

Miller Tabak Asset Management, LLC ("Miller Tabak"), located at 331 Madison Avenue, New York, New York 10017, is the Fund's Subadvisor and has managed the Fund since September 2008. Miller Tabak is a division of Miller Tabak + Co., LLC, a twenty-four year old institutional trading firm.

Portfolio Manager

Michael Pietronico
Portfolio Manager
Michael Pietronico is the portfolio manager primarily responsible for the day-to-day management of the Fund, and has managed the Fund since September 15, 2008. Mr. Pietronico previously managed the Fund from 2003 to 2007 while he served as a portfolio manager at Evergreen Investment Management Company, LLC ("Evergreen"), the Fund's previous subadvisor. Mr. Pietronico is the Chief Executive Officer and Founding Partner of Miller Tabak. Prior to joining Miller Tabak, Mr. Pietronico served as Senior Vice President and Senior Portfolio Manager for Evergreen from 1992-2007.

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 the performance data 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 and the returns and yields on the indices exclude expenses. Current performance of the Fund may be lower or higher than the performance quoted.