BB&T MD Intermediate Tax-Free Instl  BMAIX
  Morningstar Report
Overall Morningstar
Rating™
What is this?
As of 2009-10-31
Out of
Muni Single State Interm 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
   5.68 Yrs
   Avg Credit Quality
   AA
As of 2009-09-30
Day Change
$ 0.00
  
NAV (2009-11-20)
$ 10.90
  
YTD Return % (2009-11-20)
10.48%
  
Total Assets ($ mil)
31
View Data Definitions
  Performance    
Growth of $10,000 Fund: BB&T MD Intermediate Tax-Free Instl
(from 2003-02-24 to 2009-10-31) Category: Muni Single State Interm
Index: BarCap Municipal TR USD
Total Annualized Returns % 1yr, 3yr and 5yr Returns as of 2009-11-20
Inception date: 2003-02-24 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 10.48 11.31 5.92 4.84 --- 4.28
+/- Category 0.30 0.08 2.68 1.79 --- ---
+/- BarCap Municipal TR USD -1.66 -0.36 1.67 0.48 --- ---
Standardized Annual Returns %   more on standardized returns
Quarter-End (as of 2009-09-30) 10.94 13.70 6.36 4.94 --- 4.57
Month-End (as of 2009-10-31) 9.29 12.79 5.60 4.50 --- 4.28
After Tax Returns % (as of 2009-09-30 )  
On Distribution --- 12.56 5.53 4.46 --- ---
On Distribution & Sale of Shares --- 9.53 5.22 4.28 --- ---
Morningstar Rating --- --- --- ---
# of compared funds covered (3 yrs : out of 247 funds), (5 yrs : out of 237 funds), (10 yrs : out of 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.
  Portfolio Profile    
Sector Breakdown %
General Obligations 27.33
Advance Refunded 0.49
State Appropriated Tobacco ---
Non-state Appropriated Tobacco ---
Education 9.35
Health 23.98
Housing 5.62
Industrial ---
Transportation 12.50
Utilities ---
Water/Sewer ---
Misc. Revenue 20.73
Bond Quality % of Bonds
AAA 42.2
AA 26.5
A 23.3
BBB 8.0
BB 0.0
B 0.0
Below B 0.0
Not Rated 0.0
 
Asset Allocation
% of Net Assets
Cash 6.2
Stocks 0.0
Bonds 93.8
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 % 108
Total Number of Bond Holdings 74 30 Day SEC Yield % 3.18
% of Assets in Top 10 Holdings 26.29 ending as of 2009-09-30
View Data Definitions
Top 10 Holdings Maturity
Date		 Amount
$000		 Value
$000		 % of Net
Assets
Federated Municipal Obligs Instl 2009-10-01 1,722 1,722 6.00
Maryland St Transn Auth 5% 2016-03-01 880 1,034 3.60
Maryland St Health & Higher Ed Rev Bd 5% 2027-07-01 770 900 3.14
Montgomery Cnty Md G O Cons 5% 2015-07-01 700 824 2.87
Maryland St Health & Higher Ed Author 5% 2015-07-01 750 813 2.83
Maryland St Health & Higher Ed Rev Bd 5% 2046-05-15 700 762 2.65
Washington D C Met Area Tran A Rev Bd 5% 2012-07-01 690 754 2.63
Maryland St Health & Higher Ed Rev Bd 5% 2026-07-01 635 663 2.31
Maryland St Cmnty Dev Admin De Rev 4.75% 2029-09-01 600 613 2.13
Univ Md Sys Auxiliary Fa Auxiliary 4% 2022-04-01 550 593 2.07
Data through 2009-09-30
  Other Information
Fund Inception: 2003-02-24
Portfolio Manager  (Start Date)
Robert F. Millikan  (2003-02-24)
Millikan is a senior vice president and director of fixed income management with the Adviser. He has been with the Adviser and its predecessors since February 2000. From July 1990 to February 2000, he was an investment officer with First Citizens Bank. Millikan holds the Chartered Financial Analyst designation.
Sales Charge %
(taken from prospectus dated 2009-02-01)
Front: None
Deferred: None
Expense Ratio % 0.54
based on net assets
(taken from annual report dated 2008-09-30)
Correspondence Information
434 Fayetteville Street Mall

Raleigh,  NC  27601
Telephone:
800-228-1872
Data on this page does not include the fund's short positions (if any).
Show Data Definitions

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Past performance is no guarantee of future results.
Returns will vary and shares may be worth more or less than their original cost when sold.