The table below represents year-end distributions for the CNI Charter Funds. Capital gains are broken down by short-term, long-term, and total gains per-share. To calculate your distribution for a fund on this list, multiply the fund's total capital gains factor by the number of shares you own. Please note that CNI Charter Funds not listed below do not have a 2010 capital gains distribution.

Record Date:	Tuesday, December 14, 2010
Ex-Date:	Wednesday, December 15, 2010
Payable Date:	Thursday, December 16, 2010
Reinvest Date:	Thursday, December 16, 2010

Fund	Distribution Per Share
	Short-Term	Long-Term	Total Gains
California Tax Exempt Bond Fund
Institutional Class	0.0000	0.0441	0.0441
Class N	0.0000	0.0441	0.0441
Full Maturity Fixed Income Fund
Institutional Class	0.0308	0.0247	0.0555
Class N	0.0308	0.0247	0.0555

Distributions are per share. Amounts are based on gains and losses realized and income earned by the Fund through October 31, 2010 (or earlier under certain circumstances). Mutual fund investing involves risk, including possible loss of principal. In addition to the normal risks associated with equity investing, international investing may involve risk of capital loss from unfavorable fluctuations in currency values, from differences in generally accepted accounting principles or from economic or political instability in other nations. Investments in smaller companies also typically exhibit higher volatility.

To determine if these Funds are an appropriate investment for you, carefully consider each Fund's investment objectives, risk factors and charges and expenses before investing. This and other information can be found in the Funds' prospectus which may be obtained by clicking here or by calling 1-888-889-0799. Please read the prospectus carefully before investing.