HighMark National Interm Tax Free Bd Fid  HMNTX
  Morningstar Report
Overall Morningstar
Rating™
What is this?
As of 2009-10-31
Out of
Muni National 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
   4.37 Yrs
   Avg Credit Quality
   AA
As of 2009-09-30
Day Change
$ 0.01
  
NAV (2009-11-20)
$ 11.36
  
YTD Return % (2009-11-20)
5.91%
  
Total Assets ($ mil)
95
View Data Definitions
  Performance    
Growth of $10,000 Fund: HighMark National Interm Tax Free Bd Fid
(from 2002-10-18 to 2009-10-31) Category: Muni National Interm
Index: BarCap Municipal TR USD
Total Annualized Returns % 1yr, 3yr and 5yr Returns as of 2009-11-20
Inception date: 2002-10-18 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 5.91 6.97 4.84 3.93 --- 3.81
+/- Category -4.02 -4.11 1.42 0.79 --- ---
+/- BarCap Municipal TR USD -6.23 -4.70 0.59 -0.43 --- ---
Standardized Annual Returns %   more on standardized returns
Quarter-End (as of 2009-09-30) 6.75 10.08 5.33 4.07 --- 4.12
Month-End (as of 2009-10-31) 4.88 8.01 4.56 3.62 --- 3.81
After Tax Returns % (as of 2009-09-30 )  
On Distribution --- 7.99 4.54 3.56 --- ---
On Distribution & Sale of Shares --- 6.39 4.43 3.64 --- ---
Morningstar Rating --- --- --- ---
# of compared funds covered (3 yrs : out of 234 funds), (5 yrs : out of 209 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 32.53
Advance Refunded ---
State Appropriated Tobacco ---
Non-state Appropriated Tobacco ---
Education 16.33
Health ---
Housing ---
Industrial ---
Transportation 7.82
Utilities 10.56
Water/Sewer 16.79
Misc. Revenue 15.98
Bond Quality % of Bonds
AAA 35.4
AA 48.0
A 12.1
BBB 0.0
BB 0.0
B 0.0
Below B 0.0
Not Rated 4.4
 
Asset Allocation
% of Net Assets
Cash 6.5
Stocks 0.0
Bonds 93.5
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 % 35
Total Number of Bond Holdings 90 30 Day SEC Yield % 3.30
% of Assets in Top 10 Holdings 19.19 ending as of 2009-09-30
View Data Definitions
Top 10 Holdings Maturity
Date		 Amount
$000		 Value
$000		 % of Net
Assets
Fidelity Instl MM Fds Tax-Exempt I --- 3,180 3,180 3.26
Washington St Pub Pwr Sply S Ref Elec 2017-07-01 2,900 2,900 2.97
Seattle Wash G.O. Bds 5.5% 2011-03-01 1,935 2,064 2.12
Illinois St Toll Hwy Auth 2031-01-01 2,000 2,000 2.05
San Ramon Valley Calif Uni Sch Go 5.25% 2018-08-01 1,670 1,885 1.93
Chico Calif Uni Sch Dist 5% 2025-08-01 1,625 1,767 1.81
Utah St Brd Regts Auxiliary & Ref Rev 5% 2017-04-01 1,500 1,670 1.71
Idaho Hsg & Fin Assn 5.25% 2024-07-15 1,455 1,642 1.68
Chicago Ill O Hare Intl Arpt R 3rd Li 5% 2019-01-01 1,455 1,618 1.66
Alaska St Intl Arpts Revs Rev Bds 5% 2022-10-01 1,500 1,603 1.64
Data through 2009-09-30
  Other Information
Fund Inception: 2002-10-18
Portfolio Manager  (Start Date)
Robert L. Bigelow  (2002-10-21)
Bigelow has served as director and portfolio manager with Highmark Capital Management and its predecessors since 1994. Previously, he spent eight years at City National Bank. Bigelow is a member of the National Federation of Municipal Analysts and the California Society of Municipal Analysts.
Raymond Mow  (2005-09-30)
Mow has been a manager of HighMark California Intermediate Tax-Free Bond Fund since 1995 and HighMark National Intermediate Tax-Free Bond Fund since 1995.. He is vice president and Fixed Income Funds Manager of HighMark Capital Management, Inc.; associated with HighMark Capital Management and its predecessors since 1995.
Sales Charge %
(taken from prospectus dated 2009-07-31)
Front: None
Deferred: None
Expense Ratio % 0.44
based on net assets
(taken from annual report dated 2009-07-31)
Correspondence Information
445 South Figueroa Street
Third Floor
Los Angeles,  CA  90071
United States
Telephone:
800-433-6884
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.