Fifth Third Short Term Bond A  KNLIX
  Morningstar Report
Overall Morningstar
Rating™
What is this?
As of 2009-10-31
Out of
Ultrashort Bond 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
   1.80 Yrs
   Avg Credit Quality
   AA
As of 2009-10-31
Day Change
$ 0.00
  
NAV (2009-11-20)
$ 9.48
  
YTD Return % (2009-11-20)
9.37%
  
Total Assets ($ mil)
244
View Data Definitions
  Performance    
Growth of $10,000 Fund: Fifth Third Short Term Bond A
(from 1999-01-01 to 2009-10-31) Category: Ultrashort Bond
Index: BarCap US Agg Bond TR USD
Total Annualized Returns % 1yr, 3yr and 5yr Returns as of 2009-11-20
Inception date: 1992-12-04 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 9.37 10.54 4.31 3.59 4.06 4.34
+/- Category 1.90 5.98 3.54 1.76 0.99 ---
+/- BarCap US Agg Bond TR USD 2.46 -1.95 -2.14 -1.68 --- ---
Standardized Annual Returns %   more on standardized returns
Quarter-End (as of 2009-09-30) 4.42 2.23 2.94 2.59 3.60 4.08
Month-End (as of 2009-10-31) 5.43 4.32 3.09 2.76 3.69 4.12
After Tax Returns % (as of 2009-09-30 )  
On Distribution --- 3.14 1.78 1.47 2.16 ---
On Distribution & Sale of Shares --- 2.77 1.86 1.58 2.21 ---
Morningstar Rating --- --- ---
# of compared funds covered (3 yrs : out of 114 funds), (5 yrs : out of 101 funds), (10 yrs : out of 51 funds). Ratings are based on risk-adjusted performance. The maximum initial sales fee is 3.50%, 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 %
US Government 33.34
US Treasuries 5.64
TIPS 0.00
US Agency 27.70
Mortgage 30.78
Mortgage Pass-Thru 4.17
Mortgage CMO 26.61
Mortgage ARM 0.00
Credit 27.03
US Corporate 18.08
Asset-Backed 8.87
Convertible 0.00
Municipal 0.09
Corporate Inflation-Protected 0.00
Foreign 4.09
Foreign Corp 3.61
Foreign Govt 0.47
Cash 4.76
Bond Quality % of Bonds
AAA 71.3
AA 7.3
A 8.4
BBB 5.6
BB 0.0
B 1.6
Below B 0.9
Not Rated 4.9
 
Asset Allocation
% of Net Assets
Cash 4.8
Stocks 0.0
Bonds 95.2
Other 0.0
Foreign Stocks 0.0
(as a % of Assets)
Data through 2009-10-31 Data through 2009-10-31
 
Holding Status
Total Number of Stock Holdings Turnover % 63
Total Number of Bond Holdings 114 30 Day SEC Yield % 4.50
% of Assets in Top 10 Holdings 19.04 ending as of 2009-09-30
View Data Definitions
Top 10 Holdings Maturity
Date		 Amount
$000		 Value
$000		 % of Net
Assets
United States Treas Nts 1.5% 2012-07-15 6,000 6,038 2.53
Federal Hm Ln Bks 2011-09-16 5,000 5,255 2.20
FNMA 2011-03-23 5,000 5,072 2.12
Harborview Mtg Ln Tr 2004-5 CMO 2034-07-19 5,730 4,739 1.99
FFCB 2011-04-21 4,000 4,110 1.72
FHLMC 2.125% 2012-09-21 4,000 4,066 1.70
Federal Hm Ln Banks 2% 2012-09-14 4,000 4,051 1.70
FHLBA 1.625% 2011-07-27 4,000 4,046 1.70
FNMA 1.375% 2011-04-28 4,000 4,034 1.69
Federal Hm Ln Banks 1.75% 2012-08-22 4,000 4,027 1.69
Data through 2009-10-31
  Other Information
Fund Inception: 1992-12-04
Portfolio Manager  (Start Date)
Mitchell L. Stapley  (1996-11-01)
Stapley is a portfolio manager and chief fixed income officer with Fifth Third Asset Management, Inc. He joined FTAM in 2003 and has 24 years of investment experience. Prior to joining Fifth Third, Stapley was manager of Short Term Investments/Foreign Exchange Exposure at Navistar International Corporation in Chicago. Prior to that, he served as a portfolio manager for William Wrigley Jr. Company. Stapley is a member of AIMR and Detroit Bond Club. Stapley holds the Chartered Financial Analyst designation.
David L. Withrow  (2002-05-06)
Withrow is a portfolio manager with Fifth Third Asset Management, Inc. since 2003 and has 19 years of investment experience. He joined Fifth Third Bank's Investment Advisors Division in 1999 as a senior fixed income portfolio manager for actively managed institutional accounts. Prior to joining Fifth Third, he spent over ten years working as a fixed income portfolio manager with Prime Capital Management. Withrow holds the Chartered Financial Analyst designation.
John Hoeting  (2004-04-02)
Hoeting is the portfolio manager with Fifth Third Asset Management, Inc from 2003 and has 16 years of investment experience. Prior to joining the firm in 2000, he spent nearly 3 years as a research analyst and money market portfolio manager with Ft. Washington Investment Advisors and its predecessor, Countrywide Investments. Hoeting holds the Chartered Financial Analyst designation.
John L. Cassady III  (2007-11-02)
Cassady is a senior portfolio manger - Taxable Fixed Income for Fifth Third Asset Management, Inc. He joined FTAM in 2003 and has 18 years of investment experience. Prior to joining FTAM, he had been with Fifth Third Bancorp since 1999 through its acquisition of Old Kent Bank. Cassady holds the Chartered Financial Analyst designation.
Jason Schwartz  (2007-11-29)
Schwartz serves as a portfolio manager on the Fixed Income team, responsible for providing the taxable fixed income portfolios with analytics support and trade strategy, and also serves as an analyst for the Commercial Mortgage-Backed Securities (CMBS) market. He joined FTAM in 2004 and has 4 years of investment experience. Jason is currently a member of the Cincinnati Society of Financial Analysts. Schwartz holds the Chartered Financial Analyst designation.
Sales Charge %
(taken from prospectus dated 2009-11-10)
Front: 3.50
Deferred: None
Expense Ratio % 0.89
based on net assets
(taken from annual report dated 2009-07-31)
Correspondence Information

38 Fountain Square Plaza
Cincinnati,  OH  45263
USA
Telephone:
800-282-5706
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.