Mutual Fund Insights: Evergreen Municipal Bond I Fund (EKEYX)

In-depth Analysis of Evergreen Municipal Bond I Fund (EKEYX)

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See Evergreen Municipal Bond I Fund (EKEYX) performance details as of February 28, 2010

  

Last Trade: $7.33 on 3/19/2010, Change: 0.00 (0%)

  

Fund Manager - Mathew M. Kiselak

Fund Manager Tenure: 9.5 years   [Similar Funds: EKEAX  EKEBX  EKECX ]
Fundmojo Fund Grade: C (Score: 0.5)     (What does this score mean?)

Mathew M. Kiselak is a director and senior portfolio manager of the Tax Exempt Fixed Income Unit of EIMC. Mathew M. Kiselak has been with Evergreen or one of its predecessors since 2000 and has over 19 years of investment experience.  Get more insights on Mathew M. Kiselak

  

 What we like about Evergreen Municipal Bond I Fund (EKEYX)

Data for Evergreen Municipal Bond I Fund (EKEYX) as of February 28, 2010

• Evergreen Municipal Bond I Fund (EKEYX) management has been with Evergreen Municipal Bond I Fund for 9.5 years
• Evergreen Municipal Bond I Fund (EKEYX) has good Long-term performance (5-year return 3.98% vs 3.70 % Muni National Interm category average)
• Evergreen Municipal Bond I Fund (EKEYX) ratio of up-years vs down years is greater than 2
• Evergreen Municipal Bond I Fund (EKEYX) has a Morningstar rating of 4 and above
• Evergreen Municipal Bond I Fund (EKEYX) has a lower management fee than its Muni National Interm average: 0.51% vs 0.90%
• Evergreen Municipal Bond I Fund (EKEYX) is a true no-load fund as it has no load and no 12b1 promotion, distributions, marketing expenses

  

 What we are cautious about Evergreen Municipal Bond I Fund (EKEYX)

Data for Evergreen Municipal Bond I Fund (EKEYX) as of February 28, 2010

• Evergreen Municipal Bond I Fund (EKEYX) has a less-than-ideal short-term performance (1-year return 12.14% vs 9.19 % Muni National Interm category average)
• Evergreen Municipal Bond I Fund (EKEYX) has a less-than-ideal mid-term performance (3-year return 3.48% vs 4.00 % Muni National Interm category average)
• Evergreen Municipal Bond I Fund (EKEYX) is less safe compared to its Muni National Interm peers
• Evergreen Municipal Bond I Fund (EKEYX) has an annual stock turnover rate of 58.00% that is higher than the Muni National Interm average of 42.33%. This could mean Evergreen Municipal Bond I is more nimble, but also signal potential high tax impact and high trading fees
• Evergreen Municipal Bond I Fund (EKEYX) does not have a good risk adjusted return as its 3-year Alpha of -1.13 is worse than category average of -0.17, and its 3-year Sharpe ratio is 0.28
• Evergreen Municipal Bond I Fund (EKEYX) is more volatile than its peers as it has a 3-year Standard Deviation of 6.42 that is higher than category average of 5.39

See Evergreen Municipal Bond I Fund (EKEYX) performance details as of February 28, 2010

  

  

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Evergreen Municipal Bond I Fund (EKEYX) Net Asset

Track net asset change of Evergreen Municipal Bond I fund (EKEYX)

Date	Net Asset
02/2010	$1.36B
01/2010	$409.53M
11/2009	$423.77M

More historic net asset information on Evergreen Municipal Bond I Fund (EKEYX)

  

Evergreen Municipal Bond I Fund (EKEYX) Portfolio Allocation

Track portfolio allocation change of Evergreen Municipal Bond I fund (EKEYX)

Date	Cash	Stock	Bond	Other
09/2009	2.58%	0%	97.42%	0%
06/2009	2.39%	0%	97.61%	0%
03/2009	2.58%	0%	97.42%	0%

Click here to see more historic asset allocation information on Evergreen Municipal Bond I Fund (EKEYX)

  

Most Recent Top 10 Holdings in Evergreen Municipal Bond I Fund (EKEYX)

Discover what Evergreen Municipal Bond I Fund (EKEYX) manager is buying

30-Sep-09 Alaska Engy Auth [1.27%] New Jersey St Transn Tr Fd Aut Trans 6% [1.26%] Austin Tr Var Sts Ctfs [1.15%] Utah Hsg Corp Single Family Mt Rev Bds [1%] New York N Y City Mun Wtr Fin Rev Bds 6% [0.95%] Medical Univ S C Hosp Auth 6.25% [0.92%] Wyandotte Cnty Kans City Kans Spl Ob 5% [0.87%] Metropolitan Transn Auth 5.625% [0.85%] Dallas Tex Indpt Sch Dist 6.375% [0.84%] New Jersey St Transn Tr Fd Aut Tra 5.75% [0.84%]

30-Jun-09 Alaska Engy Auth [1.29%] New Jersey St Transn Tr Fd Aut Trans 6% [1.26%] Austin Tr Var Sts Ctfs [1.08%] Medical Univ S C Hosp Auth 6.25% [0.97%] New York N Y City Mun Wtr Fin Rev Bds 6% [0.93%] Metropolitan Transn Auth 5.625% [0.89%] Highlands Cnty Fla Health Facs Re 5.875% [0.83%] Dallas Tex Indpt Sch Dist 6.375% [0.83%] Wyandotte Cnty Kans City Kans Spl Ob 5% [0.83%] Riverside Calif Wtr Rev Wtr Rev B 5% [0.82%]

31-Mar-09 Alaska Engy Auth [1.26%] New Jersey St Transn Tr Fd Aut Trans 6% [1.21%] Washington St Health Care Facs Re 6.375% [1.18%] Austin Tr Var Sts Ctfs [1.02%] Medical Univ S C Hosp Auth 6.25% [0.97%] New York N Y City Mun Wtr Fin Rev Bds 6% [0.9%] Metropolitan Transn Auth 5.625% [0.87%] Pinellas Cnty Fla Health Facs Hlth 5.75% [0.84%] Monroe Cnty Mich Econ Dev 6.95% [0.83%] Highlands Cnty Fla Health Facs Re 5.875% [0.83%]

Click here for Stock Holding Change Map in Evergreen Municipal Bond I Fund (EKEYX)

  

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See more information on Evergreen Municipal Bond I Fund (EKEYX)

• Evergreen Municipal Bond I Fund Insights
• Evergreen Municipal Bond I Fund Performance Data
• Evergreen Municipal Bond I Fund News
• Evergreen Municipal Bond I Fund Score Explaination
• Evergreen Municipal Bond I Fund Manager Information
• Historic Evergreen Municipal Bond I Fund Asset Allocation Report
• Historic Evergreen Municipal Bond I Fund Top 10 Holding Tracking
• Historic Evergreen Municipal Bond I Fund Asset Under Management Tracking