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Mutual Fund Insights: Evergreen NC Municipal Bond I Fund (ENCYX)

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

Mutual fund chart: Evergreen NC Municipal Bond I Fund (ENCYX)

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

  

    Last Trade: $9.83 on 3/19/2010, Change: 0.00 (0%)

  

Fund ManagerFund Manager - Robert J. M. Miller

Fund Manager Tenure: 0.4 years   [Similar Funds: ENCBX  ENCCX  ENCMX ]
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 NC Municipal Bond I Fund (ENCYX) What we like about Evergreen NC Municipal Bond I Fund (ENCYX)

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

  • Evergreen NC Municipal Bond I Fund (ENCYX) has good short-term performance (1-year return 9.65% vs 8.37 % Muni Single State Interm category average)
  • Evergreen NC Municipal Bond I Fund (ENCYX) ratio of up-years vs down years is greater than 2
  • Evergreen NC Municipal Bond I Fund (ENCYX) has a Morningstar rating of 4 and above
  • Evergreen NC Municipal Bond I Fund (ENCYX) has a lower management fee than its Muni Single State Interm average: 0.62% vs 0.93%
  • Evergreen NC Municipal Bond I Fund (ENCYX) is a true no-load fund as it has no load and no 12b1 promotion, distributions, marketing expenses

  

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

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

  • Evergreen NC Municipal Bond I Fund (ENCYX) management has been with Evergreen NC Municipal Bond I Fund for only 0.4 years, it is hard to judge manager's ability based on this fund's operation record
  • Evergreen NC Municipal Bond I Fund is a focused fund with 42.84% of the portfolio on top 10 securities. This tends to produce more volatility compared to a diversified fund. See fund top 10 holdings.
  • Evergreen NC Municipal Bond I Fund (ENCYX) has a less-than-ideal mid-term performance (3-year return 2.52% vs 3.70 % Muni Single State Interm category average)
  • Evergreen NC Municipal Bond I Fund (ENCYX) has a less-than-ideal Long-term performance (5-year return 3.04% vs 3.50 % Muni Single State Interm category average)
  • Evergreen NC Municipal Bond I Fund (ENCYX) has an annual stock turnover rate of 48.00% that is higher than the Muni Single State Interm average of 22.23%. This could mean Evergreen NC Municipal Bond I is more nimble, but also signal potential high tax impact and high trading fees
  • Evergreen NC Municipal Bond I Fund (ENCYX) does not have a good risk adjusted return as its 3-year Alpha of -1.86 is worse than category average of -0.52, and its 3-year Sharpe ratio is 0.14
  • Evergreen NC Municipal Bond I Fund (ENCYX) is more volatile than its peers as it has a 3-year Standard Deviation of 5.91 that is higher than category average of 5.56
See Evergreen NC Municipal Bond I Fund (ENCYX) performance details as of February 28, 2010

  

  

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Evergreen NC Municipal Bond I Fund (ENCYX) Net Asset

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

DateNet Asset
02/2010$214.89M
01/2010$152.96M
11/2009$154.60M
More historic net asset information on Evergreen NC Municipal Bond I Fund (ENCYX)

  

Evergreen NC Municipal Bond I Fund (ENCYX) Portfolio Allocation

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

DateCashStockBondOther
09/20091.44%0%98.56%0%
06/20091.79%0%98.21%0%
03/20090.69%0%99.31%0%
Click here to see more historic asset allocation information on Evergreen NC Municipal Bond I Fund (ENCYX)

  

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

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

30-Sep-09
North Carolina Cap Facs Fin Ag Rev Bd 5% [6.82%]
North Carolina Eastn Mun Pwr A Pwr Sy 6% [5.79%]
Austin Tr Var Sts Inverse C [5.15%]
CAPE FEAR PUB UTIL AUTH N C WT WTR AND S [4.84%]
Wake Cnty N C Indl Facs & Poll Re 5.375% [3.81%]
Johnston Mem Hosp Auth 5.25% [3.79%]
North Carolina Tpk Auth 5.75% [3.15%]
Charlotte N C Wtr & Swr Sys Re Wtr An 5% [3.15%]
North Carolina Eastn Mun Pwr A Pwr Sy 5% [2.68%]
North Carolina Mun Pwr Agy No Cataw 5.5% [2.46%]

30-Jun-09
North Carolina Cap Facs Fin Ag Rev Bd 5% [7%]
North Carolina Eastn Mun Pwr A Pwr Sy 6% [5.94%]
North Carolina Mun Pwr Agy No Cataw 5.5% [5.31%]
Austin Tr Var Sts Inverse C [5%]
CAPE FEAR PUB UTIL AUTH N C WT WTR AND S [4.93%]
Puerto Rico Comwlth Hwy & Tran Hwy 5.5% [4.14%]
Wake Cnty N C Indl Facs & Poll Re 5.375% [4.09%]
Johnston Mem Hosp Auth 5.25% [3.81%]
Puerto Rico Comwlth Infrastruc Spec 5.5% [3.29%]
Charlotte N C Wtr & Swr Sys Re Wtr An 5% [3.24%]

31-Mar-09
North Carolina St Pub Impt 5% [7.54%]
North Carolina Cap Facs Fin Ag Rev Bd 5% [6.58%]
Puerto Rico Comwlth Infrastruc Spec 5.5% [5.77%]
North Carolina Eastn Mun Pwr A Pwr Sy 6% [5.39%]
North Carolina Mun Pwr Agy No Cataw 5.5% [5.07%]
Austin Tr Var Sts Inverse C [4.66%]
Cape Fear Pub Util Auth 5% [4.59%]
North Carolina Mun Pwr Agy No Rev B 6.5% [4.24%]
Puerto Rico Comwlth Hwy & Tran Hwy 5.5% [3.96%]
Wake Cnty N C Indl Facs & Poll Re 5.375% [3.86%]
Click here for Stock Holding Change Map in Evergreen NC Municipal Bond I Fund (ENCYX)

  

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Latest News on Evergreen NC Municipal Bond I (ENCYX)

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