CNI Charter Limited Maturity Fund Characteristics

As of June 30, 2010 (updated quarterly)
Benchmark: Merrill Lynch 1-3 Year Treasury (ML 1-3 Treas)

Standardized returns (Annualized)

  1 year 3 years 5 years 10 years Since Inception*
N Shares 3.50% 4.75% 3.99% - 3.52%
I Shares 3.74% 5.04% 4.26% 4.25% 5.18%
ML 1-3 Treas 2.69% 4.78% 4.24% 4.37% 5.68%
  *Inception Dates: N Class 10/22/2004, I Class and ML 1-3 Treas. 10/31/1988

 The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and 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 and current performance may be lower or higher than the performance quoted. For performance data current to the most recent month end, please call 1-800-445-1341.
   
FUNDAMENTALS FUND ML 1-3 Treas
Fixed Income Securities
Effective Maturity (years)
Effective Duration (years)
30-Day SEC Yield		 81
2.33
1.93
1.21%		 63
1.93
1.89
0.62%

 

SECTOR WEIGHTING FUND ML 1-3 Treas
US Treasury
US Govt Agency
Corporates
Mortgage/CMOs
Asset-Backed
Other
Cash Equivalent

14.7%
33.4%
35.9%
6.5%
1.1%
5.8%
2.6%

 100.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
CREDIT QUALITY FUND* ML 1-3 Treas
Aaa
Aa
A
Baa
Below Baa		 60.7%
17.2%
22.2%
0.0%
0.0%		 100.0%
0.0%
0.0%
0.0%
0.0%

 

GROSS EXPENSE RATIOS
Class N Shares
Class I Shares		 1.01%
0.76%
All characteristics and fundamentals are subject to change.

The Merrill Lynch 1-3 Year Treasury Index is a subset of the Merrill Lynch Treasury Master Index.  The maturity range on the securities included in the Index is from one to three years.

* The credit quality breakdown depicts the credit quality ratings of the Fund’s portfolio securities that are rated by one or both of two major nationally recognized statistical rating organizations (“NRSRO”). The two NRSROs currently utilized are Standard & Poor’s (S&P) and Moody’s. When a bond is rated by S&P that rating is utilized. If it is not rated by S&P, the Moody’s rating is utilized. When a security is rated by neither, it is classified as “Not Rated”. For bonds, these credit quality ratings are shown without regard to gradations within a given rating category. For example, securities rated “AA-” or “AA ” have been included in the “AA” rated category.