Mutual Fund Insights: CNI Charter CA Tax Exempt Bond Inst Fund (CNTIX)

In-depth Analysis of CNI Charter CA Tax Exempt Bond Inst Fund (CNTIX)

3 months 6 months 1 year 3 year 5 year

See CNI Charter CA Tax Exempt Bond Inst Fund (CNTIX) performance details as of January 31, 2010

  

Last Trade: $10.54 on 3/19/2010, Change: -0.01 (-0.09%)

  

Fund Manager - Rodney J. Olea

Fund Manager Tenure: 5.1 years
Fundmojo Fund Grade: B (Score: 0.64)     (What does this score mean?)

Olea is Senior Vice President and Director of Fixed Income of CNAM. He has oversees the creation, analysis, and management of taxable and tax-free fixed income portfolios and bond selection strategies for CNAM. He has been with CNB since 1994.  Get more insights on Rodney J. Olea

  

 What we like about CNI Charter CA Tax Exempt Bond Inst Fund (CNTIX)

Data for CNI Charter CA Tax Exempt Bond Inst Fund (CNTIX) as of January 31, 2010

• CNI Charter CA Tax Exempt Bond Inst Fund (CNTIX) management has been with CNI Charter CA Tax Exempt Bond Inst Fund for 5.1 years
• CNI Charter CA Tax Exempt Bond Inst Fund (CNTIX) has good mid-term performance (3-year return 4.08% vs 3.31% Muni California Interm/Short category average)
• CNI Charter CA Tax Exempt Bond Inst Fund (CNTIX) has good Long-term performance (5-year return 3.27% vs 3.02% Muni California Interm/Short category average)
• CNI Charter CA Tax Exempt Bond Inst Fund (CNTIX) ratio of up-years vs down years is greater than 2
• CNI Charter CA Tax Exempt Bond Inst Fund (CNTIX) is less volatile than its peers as it has a 3-year Standard Deviation of 3.97, lower than category average of 5.03
• CNI Charter CA Tax Exempt Bond Inst Fund (CNTIX) has a lower management fee than its Muni California Interm/Short average: 0.62% vs 0.85%
• CNI Charter CA Tax Exempt Bond Inst Fund (CNTIX) is a true no-load fund as it has no load and no 12b1 promotion, distributions, marketing expenses

  

 What we are cautious about CNI Charter CA Tax Exempt Bond Inst Fund (CNTIX)

Data for CNI Charter CA Tax Exempt Bond Inst Fund (CNTIX) as of January 31, 2010

• CNI Charter CA Tax Exempt Bond Inst Fund (CNTIX) has a less-than-ideal short-term performance (1-year return 3.08% vs 6.78% Muni California Interm/Short category average)
• CNI Charter CA Tax Exempt Bond Inst Fund (CNTIX) has a Morningstar rating of 3 and below
• CNI Charter CA Tax Exempt Bond Inst Fund (CNTIX) is less safe compared to its Muni California Interm/Short peers
• CNI Charter CA Tax Exempt Bond Inst Fund (CNTIX) has an annual stock turnover rate of 50.00% that is higher than the Muni California Interm/Short average of 40.69%. This could mean CNI Charter CA Tax Exempt Bond Inst is more nimble, but also signal potential high tax impact and high trading fees

See CNI Charter CA Tax Exempt Bond Inst Fund (CNTIX) performance details as of January 31, 2010

  

  

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CNI Charter CA Tax Exempt Bond Inst Fund (CNTIX) Net Asset

Track net asset change of CNI Charter CA Tax Exempt Bond Inst fund (CNTIX)

Date	Net Asset
01/2010	$38.68M
11/2009	$39.04M
10/2009	$38.44M

More historic net asset information on CNI Charter CA Tax Exempt Bond Inst Fund (CNTIX)

  

CNI Charter CA Tax Exempt Bond Inst Fund (CNTIX) Portfolio Allocation

Track portfolio allocation change of CNI Charter CA Tax Exempt Bond Inst fund (CNTIX)

Date	Cash	Stock	Bond	Other
10/2009	5.42%	0%	94.58%	0%
07/2009	3.81%	0%	96.19%	0%
06/2009	4.47%	0%	95.53%	0%

Click here to see more historic asset allocation information on CNI Charter CA Tax Exempt Bond Inst Fund (CNTIX)

  

Most Recent Top 10 Holdings in CNI Charter CA Tax Exempt Bond Inst Fund (CNTIX)

Discover what CNI Charter CA Tax Exempt Bond Inst Fund (CNTIX) manager is buying

31-Oct-09 Federated CA Muni Cash Instl [5.42%] Golden St Tob Securitization C Asse 5.5% [2.85%] Orange Cnty Calif Pub Fing Aut Lease 5% [2.67%] Golden St Tob Securitization C Ass 6.75% [2.58%] Los Angeles Calif Wastewtr Sys Rev Bd 5% [2.14%] Gilroy Calif Uni Sch Dist 5.25% [2.13%] Sacramento Calif Mun Util Dist 5.25% [2.12%] San Francisco Calif City & Cnt Wtr Re 5% [2.1%] San Diego Calif Pub Facs Fing Sewer 5% [2.08%] Arizona Sch Facs Brd Ctfs Part Cops 5% [2.08%]

31-Jul-09 Golden St Tob Securitization C Asse 5.5% [2.99%] Orange Cnty Calif Pub Fing Aut Lease 5% [2.73%] Golden St Tob Securitization C Ass 6.75% [2.71%] Federated CA Muni Cash Instl [2.46%] Los Angeles Calif Wastewtr Sys Rev Bd 5% [2.23%] Gilroy Calif Uni Sch Dist 5.25% [2.2%] Arizona Sch Facs Brd Ctfs Part Cops 5% [2.2%] San Diego Calif Pub Facs Fing Sewer 5% [2.19%] Golden St Tob Securitization C As 7.875% [2.17%] Sacramento Calif Mun Util Dist 5.25% [2.15%]

30-Jun-09 Federated CA Muni Cash Instl [4.21%] Golden St Tob Securitization C Asse 5.5% [2.93%] Orange Cnty Calif Pub Fing Aut Lease 5% [2.66%] Golden St Tob Securitization C Ass 6.75% [2.65%] Gilroy Calif Uni Sch Dist 5.25% [2.17%] Arizona Sch Facs Brd Ctfs Part Cops 5% [2.16%] Golden St Tob Securitization C As 7.875% [2.13%] San Diego Calif Pub Facs Fing Sewer 5% [2.13%] Sacramento Calif Mun Util Dist 5.25% [2.13%] Escondido Calif Un Sch Dist 4.75% [2.08%]

Click here for Stock Holding Change Map in CNI Charter CA Tax Exempt Bond Inst Fund (CNTIX)

  

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See more information on CNI Charter CA Tax Exempt Bond Inst Fund (CNTIX)

• CNI Charter CA Tax Exempt Bond Inst Fund Insights
• CNI Charter CA Tax Exempt Bond Inst Fund Performance Data
• CNI Charter CA Tax Exempt Bond Inst Fund News
• CNI Charter CA Tax Exempt Bond Inst Fund Score Explaination
• CNI Charter CA Tax Exempt Bond Inst Fund Manager Information
• Historic CNI Charter CA Tax Exempt Bond Inst Fund Asset Allocation Report
• Historic CNI Charter CA Tax Exempt Bond Inst Fund Top 10 Holding Tracking
• Historic CNI Charter CA Tax Exempt Bond Inst Fund Asset Under Management Tracking