Glenmede NJ Municipal  GTNJX
  Morningstar Report
Overall Morningstar
Rating™
What is this?
As of 2009-10-31
Out of
Muni New Jersey 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
   3.79 Yrs
   Avg Credit Quality
   AA
As of 2009-07-31
Day Change
$ 0.01
  
NAV (2009-11-20)
$ 10.55
  
YTD Return % (2009-11-20)
5.97%
  
Total Assets ($ mil)
33
View Data Definitions
  Performance    
Growth of $10,000 Fund: Glenmede NJ Municipal
(from 1999-01-01 to 2009-10-31) Category: Muni New Jersey
Index: BarCap Municipal TR USD
Total Annualized Returns % 1yr, 3yr and 5yr Returns as of 2009-11-20
Inception date: 1993-11-01 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 5.97 7.49 4.61 3.84 4.49 4.38
+/- Category -10.40 -6.67 2.13 0.56 -0.23 ---
+/- BarCap Municipal TR USD -6.17 -4.18 0.36 -0.52 --- ---
Standardized Annual Returns %   more on standardized returns
Quarter-End (as of 2009-09-30) 5.95 9.96 4.79 3.82 4.59 4.49
Month-End (as of 2009-10-31) 4.61 8.33 4.20 3.47 4.49 4.38
After Tax Returns % (as of 2009-09-30 )  
On Distribution --- 8.33 4.20 3.44 4.48 ---
On Distribution & Sale of Shares --- 6.52 4.10 3.48 4.43 ---
Morningstar Rating --- --- ---
# of compared funds covered (3 yrs : out of 64 funds), (5 yrs : out of 56 funds), (10 yrs : out of 48 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 18.62
Advance Refunded 19.10
State Appropriated Tobacco ---
Non-state Appropriated Tobacco 13.30
Education 15.28
Health 2.49
Housing 1.60
Industrial ---
Transportation 12.05
Utilities ---
Water/Sewer 3.36
Misc. Revenue 14.19
Bond Quality % of Bonds
AAA 40.2
AA 36.6
A 20.8
BBB 0.9
BB 0.0
B 0.0
Below B 0.0
Not Rated 1.6
 
Asset Allocation
% of Net Assets
Cash 5.2
Stocks 0.0
Bonds 94.8
Other 0.0
Foreign Stocks 0.0
(as a % of Assets)
Data through 2009-07-31 Data through 2009-07-31
 
Holding Status
Total Number of Stock Holdings Turnover % 22
Total Number of Bond Holdings 79 30 Day SEC Yield % 3.80
% of Assets in Top 10 Holdings 22.57 ending as of 2009-09-30
View Data Definitions
Top 10 Holdings Maturity
Date		 Amount
$000		 Value
$000		 % of Net
Assets
OCEAN CITY N J BRD ED REF SCH B 2016-04-01 710 813 2.78
New Jersey St G.O Ref B 5.25% 2014-07-01 690 796 2.73
GLOUCESTER TWP N J BRD ED SCH BDS 2015-08-01 700 733 2.51
Tobacco Settlement Fing Corp N Ass 6.25% 2043-06-01 610 723 2.48
New Jersey St Transn Tr Fd Aut Tra 5.25% 2014-06-15 550 640 2.19
West Windsor Plainsboro N J Re Ref Sc 5% 2015-09-15 540 627 2.14
New Jersey St Edl Facs Auth 5% 2013-07-01 500 571 1.95
Caldwell & West Caldwell N J S Sc 4.125% 2014-09-01 510 567 1.94
New Jersey St Edl Facs Auth 5% 2014-09-01 500 566 1.94
New Jersey St Edl Facs Auth 5% 2016-09-01 500 559 1.91
Data through 2009-07-31
  Other Information
Fund Inception: 1993-11-01
Portfolio Manager  (Start Date)
Michael C. Crow  (2008-05-01)
Crow is the portfolio manager of Government Cash, Muni Intermediate and New Jersey Muni Portfolio. He joined the funds on May 1, 2008. Previously, Crow served as a portfolio manager and trader for high net worth clients for Glenmede Trust from May 2001 to April 2008 and its subsidiary, Glenmede Advisers, Inc., from August 2002 to December 2006.
Sales Charge %
(taken from prospectus dated 2009-04-09)
Front: None
Deferred: None
Expense Ratio % 0.34
based on net assets
(taken from annual report dated 2008-10-31)
Correspondence Information

200 Clarendon Street, Leg13
Boston,  MA  02116
USA
Telephone:
800-442-8299
Data on this page does not include the fund's short positions (if any).
Show Data Definitions

© Copyright 2009 Morningstar, Inc. All rights reserved. Morningstar, the Morningstar logo, Morningstar.com, Morningstar Tools are either trademark or service marks of Morningstar, Inc.
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.