|
Overall Morningstar
Rating™ |
| What is this? |
 |
 |
| As of 2009-10-31 |
|
Out of
Muni National Long 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 |
|
|
6.74 Yrs
|
|
|
|
Avg Credit Quality |
|
|
AA |
|
| As of
2009-09-30 |
|
|
| Day Change |
| $ 0.00 |
|
|
| NAV (2009-11-20) |
| $ 10.14 |
|
|
| YTD Return % (2009-11-20) |
| 10.52% |
|
|
| Total Assets ($ mil) |
| 212 |
|
| Growth of $10,000 |
 |
Fund: |
RS Tax-Exempt A |
| (from
1999-01-01
to 2009-10-31) |
 |
Category: |
Muni National Long |
|
 |
Index: |
BarCap Municipal TR USD |
| Total Annualized Returns % |
1yr, 3yr and 5yr Returns as of 2009-11-20 |
| Inception date: 1993-02-16 |
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 |
10.52 |
11.39 |
3.88 |
4.31 |
5.73 |
4.96 |
| +/- Category |
-5.67 |
-2.83 |
1.84 |
1.47 |
1.17 |
--- |
| +/- BarCap Municipal TR USD |
-1.62 |
-0.28 |
-0.37 |
-0.05 |
--- |
--- |
|
|
| Standardized Annual Returns % more on standardized returns |
| Quarter-End (as of
2009-09-30) |
8.86 |
12.37 |
3.77 |
4.12 |
5.47 |
4.90 |
| Month-End (as of 2009-10-31) |
6.16 |
9.39 |
2.63 |
3.40 |
5.32 |
4.72 |
|
|
| After Tax Returns % (as of
2009-09-30
)
|
| On Distribution |
--- |
9.39 |
2.59 |
3.19 |
5.07 |
--- |
| On Distribution & Sale of Shares |
--- |
7.42 |
2.74 |
3.34 |
5.03 |
--- |
|
|
| Morningstar Rating |
--- |
--- |
 |
|
|
--- |
|
| # of compared funds covered (3 yrs : out of 247 funds), (5 yrs : out of 228 funds), (10 yrs : out of 202 funds). Ratings are based on risk-adjusted performance. The maximum initial sales fee is
3.75%,
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. |
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|
|
|
| Sector Breakdown % |
|
| General Obligations |
20.57 |
| Advance Refunded |
---
|
| State Appropriated Tobacco |
---
|
| Non-state Appropriated Tobacco |
6.58 |
| Education |
5.46 |
| Health |
3.77 |
| Housing |
1.47 |
| Industrial |
---
|
| Transportation |
4.99 |
| Utilities |
2.18 |
| Water/Sewer |
---
|
| Misc. Revenue |
54.98 |
|
| Bond Quality |
% of Bonds |
| AAA |
26.0 |
| AA |
44.3 |
| A |
15.4 |
| BBB |
9.0 |
| BB |
0.0 |
| B |
0.0 |
| Below B |
0.0 |
| Not Rated |
5.2 |
|
|
|
|
|
| |
|
|
| Asset Allocation |
|
 |
|
| % of Net Assets |
 |
Cash |
1.2 |
 |
Stocks |
0.0 |
|
Bonds |
98.8 |
 |
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 % |
113 |
| Total Number of Bond Holdings |
120 |
|
30 Day SEC Yield % |
3.34 |
| % of Assets in Top 10 Holdings |
11.99 |
|
ending as of
2009-09-30 |
|
|
|
|
View Data Definitions |
| Top 10 Holdings |
Maturity
Date |
Amount
$000 |
Value
$000 |
% of Net
Assets |
|
|
|
|
|
|
|
CHICAGO ILL BRD ED SCH BDS |
2036-03-01 |
3,500 |
3,500 |
1.76 |
|
Puerto Rico Pub Bldgs Auth 5.25% |
2013-07-01 |
2,605 |
2,776 |
1.40 |
|
Massachusetts St Go Bds 5.5% |
2020-10-01 |
2,000 |
2,488 |
1.25 |
 |
California St Go Bds 6.5% |
2033-04-01 |
2,000 |
2,321 |
1.17 |
 |
North Tex Twy Auth 6% |
2023-01-01 |
2,000 |
2,263 |
1.14 |
|
 |
|
California St Go Bds 6% |
2035-04-01 |
2,000 |
2,200 |
1.11 |
|
West Metro Fire Protn Dist 5.25% |
2026-12-01 |
1,895 |
2,118 |
1.07 |
|
Wisconsin St Health & Edl Facs Rev 6.5% |
2033-04-15 |
2,000 |
2,061 |
1.04 |
|
Buckeye Ohio Tob Settlement Fi Tobacc 5% |
2015-06-01 |
2,000 |
2,036 |
1.03 |
|
King Cnty Wash Swr Rev Swr Rev B 5.5% |
2030-01-01 |
1,815 |
2,027 |
1.02 |
|
|
 |
Data through 2009-09-30 |
|
|
| Fund Inception: 1993-02-16 |
|
Portfolio Manager (Start Date) |
|
|
|
|
|
Alexander M. Grant Jr. (1993-12-01) |
|
|
|
Grant is a portfolio manager of Guardian Investor Services, and joined the firm in 1985. From 1976 to 1985, he worked with Computer Task Group. |
|
|
|
|
Sales Charge %
(taken from prospectus dated 2009-05-01) |
| Front: |
3.75 |
| Deferred: |
None |
|
| Expense Ratio % |
0.85 |
based on net assets
(taken from annual report dated 2008-12-31)
|
|
| Correspondence Information |
388 Market Street
Suite 1700
San Francisco,
CA
94111
USA |
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