NCL (Nuveen Insured California Premium Income Municipal Fund II, In)

Annualized standard deviation measures the volatility of portfolio returns. It represents the consistency with which returns were delivered in the past.

     = low volatility (<25%)
     = medium volatility (between 25% and 45%)
     = high volatility (> 45%)

A measure of risk-adjusted return, using the return and standard deviation. A higher Sharpe Ratio indicates the portfolio has earned a higher return for each unit of risk incurred. The higher the better.