|
Overall Morningstar
Rating™ |
| What is this? |
 |
 |
| As of 2009-10-31 |
|
Out of
Muni Pennsylvania Funds |
|
| Rating derived from a weighted average of the fund's 3, 5, 10-year rating which are based on risk-adjusted performance. |
|
|
|
Morningstar®
Style Box™ |
| What is this? |
|
 |
|
Avg Duration |
|
|
5.48 Yrs
|
|
|
|
Avg Credit Quality |
|
|
A |
|
| As of
2009-09-30 |
|
|
| Day Change |
| $ 0.00 |
|
|
| NAV (2009-11-20) |
| $ 10.09 |
|
|
| YTD Return % (2009-11-20) |
| 9.31% |
|
|
| Total Assets ($ mil) |
| 112 |
|
| Growth of $10,000 |
 |
Fund: |
MTB PA Municipal Bond A Load Waived |
| (from
1999-01-01
to 2009-10-31) |
 |
Category: |
Muni Pennsylvania |
|
 |
Index: |
Barcap Municipal! |
| Total Annualized Returns % |
1yr, 3yr and 5yr Returns as of 2009-11-20 |
| Inception date: 1996-04-01 |
10yr and Inception Returns as of 2009-10-31 |
|
YTD Returns as of 2009-11-20 |
|
|
YTD |
1 Year |
3 Year |
5 Year |
10 Year |
Since Inception |
| Fund |
9.31 |
9.47 |
3.49 |
3.22 |
4.51 |
4.01 |
| +/- Category |
-6.01 |
-4.36 |
1.01 |
0.17 |
-0.10 |
--- |
| +/- Barcap Municipal! |
--- |
--- |
--- |
--- |
--- |
--- |
|
|
| Standardized Annual Returns % more on standardized returns |
| Quarter-End (as of
2009-09-30) |
10.25 |
11.56 |
4.06 |
3.43 |
4.49 |
4.15 |
| Month-End (as of 2009-10-31) |
8.65 |
10.87 |
3.38 |
2.99 |
4.51 |
4.01 |
|
|
| After Tax Returns % (as of
2009-09-30
)
|
| On Distribution |
--- |
10.86 |
3.38 |
2.99 |
4.50 |
--- |
| On Distribution & Sale of Shares |
--- |
8.53 |
3.42 |
3.08 |
4.43 |
--- |
|
|
| Morningstar Rating |
--- |
--- |
 |
 |
|
--- |
|
| # of compared funds covered (3 yrs : out of 88 funds), (5 yrs : out of 81 funds), (10 yrs : out of 76 funds). Ratings are based on risk-adjusted performance. The maximum initial sales fee is
none,
the maximum deferred sales fee is
none,
and the maximum redemption sales fee is
none. |
|
| The performance quoted represents past performance and does not guarantee future results. The investment return and principal value of an investment will fluctuate thus an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted herein. |
|
|
|
|
| Sector Breakdown % |
|
| General Obligations |
10.50 |
| Advance Refunded |
13.11 |
| State Appropriated Tobacco |
---
|
| Non-state Appropriated Tobacco |
---
|
| Education |
47.37 |
| Health |
15.35 |
| Housing |
---
|
| Industrial |
1.37 |
| Transportation |
---
|
| Utilities |
---
|
| Water/Sewer |
3.51 |
| Misc. Revenue |
8.80 |
|
| Bond Quality |
% of Bonds |
| AAA |
16.5 |
| AA |
17.1 |
| A |
44.8 |
| BBB |
16.1 |
| BB |
0.0 |
| B |
0.0 |
| Below B |
0.0 |
| Not Rated |
5.6 |
|
|
|
|
|
| |
|
|
| Asset Allocation |
|
 |
|
| % of Net Assets |
 |
Cash |
1.7 |
 |
Stocks |
0.0 |
|
Bonds |
98.3 |
 |
Other |
0.0 |
|
|
|
Foreign Stocks |
0.0 |
|
(as a % of Assets) |
|
|
| Data through 2009-09-30 |
Data through 2009-09-30 |
 |
| Holding Status |
|
| Total Number of Stock Holdings |
|
|
Turnover % |
21 |
| Total Number of Bond Holdings |
64 |
|
30 Day SEC Yield % |
3.07 |
| % of Assets in Top 10 Holdings |
32.97 |
|
ending as of
2009-09-30 |
|
|
|
|
View Data Definitions |
| Top 10 Holdings |
Maturity
Date |
Amount
$000 |
Value
$000 |
% of Net
Assets |
|
|
|
|
|
|
|
Bucks Cnty Pa Indl Dev Auth 10% |
2019-05-15 |
4,775 |
7,684 |
6.89 |
|
Pennsylvania St Tpk Commn Tpk Tur 5.625% |
2013-06-01 |
4,000 |
4,342 |
3.90 |
|
Delaware Riv Port Auth 5.5% |
2016-01-01 |
3,410 |
3,651 |
3.28 |
|
Central Dauphin Pa Sch Dist 7% |
2027-02-01 |
2,500 |
3,234 |
2.90 |
|
Montgomery Cnty Pa Higher Ed & Rev 7.25% |
2019-12-01 |
3,000 |
3,093 |
2.78 |
|
 |
|
Pittsburgh & Allegheny Cnty Pa Sal 5.25% |
2017-02-01 |
3,000 |
3,033 |
2.72 |
|
Pennsylvania St Higher Edl Fac Rev Bd 5% |
2014-08-15 |
2,685 |
3,027 |
2.72 |
|
Pennsylvania Convention Ctr Au Rev Bd 6% |
2019-09-01 |
2,410 |
2,979 |
2.67 |
|
Hempfield Pa Area Sch Dist 5% |
2018-10-15 |
2,650 |
2,943 |
2.64 |
|
Pittsburgh Pa Pub Pkg Auth 5% |
2020-12-01 |
2,565 |
2,754 |
2.47 |
|
|
 |
Data through 2009-09-30 |
|
|
| Fund Inception: 1996-04-01 |
|
Portfolio Manager (Start Date) |
|
|
|
|
|
Susan L. Schnaars (2005-08-29) |
|
|
|
Schnaars is the portfolio manager for the fund. She is responsible for managing several large institutional accounts for M&T Bank. Schnaars has been a vice president and portfolio Manager of MTBIA (formerly Allied Investment Advisers, Inc.) since 1996 and a vice president of M&T Bank since April 1, 2003. She was a portfolio Manager of Allfirst Bank from 1992 until its acquisition by M&T Bank in April 2003.
Schnaars holds the Chartered Financial Analyst and Certified Public Accountant designation. |
|
|
|
|
Sales Charge %
(taken from prospectus dated 2009-08-31) |
| Front: |
None |
| Deferred: |
None |
|
| Expense Ratio % |
0.95 |
based on net assets
(taken from annual report dated 2008-04-30)
|
|
| Correspondence Information |
100 East Pratt St.
15th Floor
Baltimore,
MD
21202-7010
USA |
|
|
|
| Telephone: |
| 800-836-2211 |
| 716-635-9368 |
|
|
