PTFSX

About PTFSX

Pacific Capital Tax Free Short Intermediate Securities Fund Class Y is a municipal bond mutual fund focused on generating high current income that is exempt from federal and Hawaii state income taxes. The portfolio emphasizes investment‑grade municipal obligations with a short‑to‑intermediate maturity profile, typically maintaining an average remaining maturity of about two to five years to support price stability relative to long‑term bond funds. The strategy normally invests at least 80% of assets in municipal securities and not less than 50% in Hawaii municipal obligations, providing targeted exposure to the state’s revenue and general obligation issuers while diversifying across select out‑of‑state credits. Managed by Bank of Hawaii’s asset management team, the fund distributes income monthly and may make annual capital gains distributions. Positioned within the Muni National Short category, it seeks to balance tax‑advantaged income with interest‑rate risk management through higher credit quality and shorter duration characteristics. Established in 1994, the fund serves investors seeking double tax‑exempt income and a conservative municipal allocation anchored in Hawaii issuers.