Mutual Fund Insights: Evergreen PA Municipal B Fund (EKVBX)

In-depth Analysis of Evergreen PA Municipal B Fund (EKVBX)

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See Evergreen PA Municipal B Fund (EKVBX) performance details as of February 28, 2010

  

Last Trade: $10.93 on 3/19/2010, Change: 0.00 (0%)

  

Fund Manager - Robert J. M. Miller

Fund Manager Tenure: 0.4 years   [Similar Funds: EKVAX  EKVCX  EKVYX ]
Fundmojo Fund Grade: N/A (Score: *manager is new*)     (What does this score mean?)

Robert J. M. Miller joined the Wells Capital Management Municipal Bond team in May 2008 where Robert J. M. Miller manages both sub-advised mutual funds and separate accounts. Prior to joining Wells Capital Management, Robert J. M. Miller worked for American Century Investments for 10 years where Robert J. M. Miller had direct responsibility for the firm’s flagship Tax-Free Bond fund as well as the firm’s Long-Term Bond fund. Robert J. M. Miller also managed California, Florida and Arizona municipal funds and served as a member of the analytical team while at American Century.  Get more insights on Robert J. M. Miller

  

 What we like about Evergreen PA Municipal B Fund (EKVBX)

Data for Evergreen PA Municipal B Fund (EKVBX) as of February 28, 2010

• Evergreen PA Municipal B Fund (EKVBX) is a new fund and has been performing well against its peers for both one-month and three_month performance
• Evergreen PA Municipal B Fund (EKVBX) has good short-term performance (1-year return 13.17% vs 12.02 % Muni Pennsylvania category average)
• Evergreen PA Municipal B Fund (EKVBX) ratio of up-years vs down years is greater than 2
• Evergreen PA Municipal B Fund (EKVBX) is less volatile than its peers as it has a 3-year Standard Deviation of 6.92, lower than category average of 6.98

  

 What we are cautious about Evergreen PA Municipal B Fund (EKVBX)

Data for Evergreen PA Municipal B Fund (EKVBX) as of February 28, 2010

• Evergreen PA Municipal B Fund (EKVBX) management has been with Evergreen PA Municipal B Fund for only 0.4 years, it is hard to judge manager's ability based on this fund's operation record
• Evergreen PA Municipal B Fund (EKVBX) has a less-than-ideal mid-term performance (3-year return 2.37% vs 2.82 % Muni Pennsylvania category average)
• Evergreen PA Municipal B Fund (EKVBX) has a less-than-ideal Long-term performance (5-year return 2.60% vs 3.31 % Muni Pennsylvania category average)
• Evergreen PA Municipal B Fund (EKVBX) has a Morningstar rating of 3 and below
• Evergreen PA Municipal B Fund (EKVBX) has an annual stock turnover rate of 35.00% that is higher than the Muni Pennsylvania average of 19.70%. This could mean Evergreen PA Municipal B is more nimble, but also signal potential high tax impact and high trading fees
• Evergreen PA Municipal B Fund (EKVBX) does not have a good risk adjusted return as its 3-year Alpha of -2.22 is worse than category average of -1.77, and its 3-year Sharpe ratio is 0.11
• Evergreen PA Municipal B Fund (EKVBX) has a higher management fee of 1.46% than its Muni Pennsylvania average of 1.08%
• Evergreen PA Municipal B Fund (EKVBX) carries a 5% load

See Evergreen PA Municipal B Fund (EKVBX) performance details as of February 28, 2010

  

  

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Evergreen PA Municipal B Fund (EKVBX) Net Asset

Track net asset change of Evergreen PA Municipal B fund (EKVBX)

Date	Net Asset
02/2010	$362.63M
01/2010	$7.75M
11/2009	$8.08M

More historic net asset information on Evergreen PA Municipal B Fund (EKVBX)

  

Evergreen PA Municipal B Fund (EKVBX) Portfolio Allocation

Track portfolio allocation change of Evergreen PA Municipal B fund (EKVBX)

Date	Cash	Stock	Bond	Other
09/2009	1.57%	0%	98.43%	0%
06/2009	1.95%	0%	98.05%	0%
03/2009	4.28%	0%	95.72%	0%

Click here to see more historic asset allocation information on Evergreen PA Municipal B Fund (EKVBX)

  

Most Recent Top 10 Holdings in Evergreen PA Municipal B Fund (EKVBX)

Discover what Evergreen PA Municipal B Fund (EKVBX) manager is buying

30-Sep-09 Delaware Valley Pa Regl Fin Au Loc 5.5% [4.28%] PENNSYLVANIA ST TPK COMMN TPK TPK SUBOR [3.97%] Pennsylvania Econ Dev Fing Rev Bds 5% [3.29%] Pennsylvania St Tpk Commn Tpk Sub 5.25% [3.02%] Bradford Cnty Pa Indl Dev Auth 4.7% [2.65%] Montgomery Cnty Pa Higher Ed & Hosp 5% [2.62%] Allegheny Cnty Pa Hosp Dev Aut Rev Bd 5% [2.22%] Cumberland Cnty Pa Mun Auth 5% [2.07%] Mars Pa Area Sch Dist 5% [2.03%] Pennsylvania Econ Dev Fing Rev Bds 4.7% [1.99%]

30-Jun-09 DELAWARE VALLEY PA REGL FIN AU LOC GOVT [4.07%] PENNSYLVANIA ST TPK COMMN TPK TPK SUBOR [3.73%] Montgomery Cnty Pa Higher Ed & Hosp 5% [3.26%] Bradford Cnty Pa Indl Dev Auth 4.7% [2.35%] Pennsylvania St Indl Dev Auth 5.5% [2.34%] Philadelphia Pa Hosps & Higher Re 5.125% [2.33%] Allegheny Cnty Pa Hosp Dev Aut Rev Bd 5% [2.1%] Cumberland Cnty Pa Mun Auth 5% [1.96%] Mars Pa Area Sch Dist 5% [1.91%] Montgomery Cnty Pa Indl Dev Au Rev Bd 5% [1.87%]

31-Mar-09 Delaware Valley Pa Regl Fin Au Loc 5.5% [3.83%] Pennsylvania St Tpk Commn Tpk Tpk 6.25% [3.56%] Montgomery Cnty Pa Higher Ed & Hosp 5% [2.99%] Pennsylvania St Indl Dev Auth 5.5% [2.24%] Philadelphia Pa Hosps & Higher Re 5.125% [2.23%] Allegheny Cnty Pa Hosp Dev Aut Ref 5.5% [2.07%] Allegheny Cnty Pa Hosp Dev Aut Rev Bd 5% [1.98%] Lancaster Cnty Pa Hosp Auth 5.75% [1.9%] Philadelphia Pa Hosps & Higher Rev 5.25% [1.88%] Mars Pa Area Sch Dist 5% [1.83%]

Click here for Stock Holding Change Map in Evergreen PA Municipal B Fund (EKVBX)

  

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See more information on Evergreen PA Municipal B Fund (EKVBX)

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