Mutual Fund Insights: First American CA Tax-Free Y Fund (FCAYX)

In-depth Analysis of First American CA Tax-Free Y Fund (FCAYX)

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See First American CA Tax-Free Y Fund (FCAYX) performance details as of February 28, 2010

  

Last Trade: $10.83 on 3/19/2010, Change: 0.00 (0%)

  

Fund Manager - Christopher L. S. Drahn

Fund Manager Tenure: 10.1 years   [Similar Funds: FCAAX ]
Fundmojo Fund Grade: A (Score: 0.75)     (What does this score mean?)

Christopher L. S. Drahn is a Senior Fixed-Income Portfolio Manager. Christopher L. S. Drahn joined FAF Advisors in 1980. Christopher L. S. Drahn holds the Chartered Financial Analyst designation.  Get more insights on Christopher L. S. Drahn

  

 What we like about First American CA Tax-Free Y Fund (FCAYX)

Data for First American CA Tax-Free Y Fund (FCAYX) as of February 28, 2010

• First American CA Tax-Free Y Fund (FCAYX) management has been with First American CA Tax-Free Y Fund for 10.1 years
• First American CA Tax-Free Y Fund (FCAYX) has good mid-term performance (3-year return 3.35% vs 1.83 % Muni California Long category average)
• First American CA Tax-Free Y Fund (FCAYX) has good Long-term performance (5-year return 3.82% vs 2.92 % Muni California Long category average)
• First American CA Tax-Free Y Fund (FCAYX) ratio of up-years vs down years is greater than 2
• First American CA Tax-Free Y Fund (FCAYX) has a Morningstar rating of 4 and above
• First American CA Tax-Free Y Fund (FCAYX) has an annual stock turnover rate of 27.00% vs Muni California Long average of 32.82%. It is good that First American CA Tax-Free Y management does not trade extensively for its return.
• First American CA Tax-Free Y Fund (FCAYX) is less volatile than its peers as it has a 3-year Standard Deviation of 7.96, lower than category average of 8.44
• First American CA Tax-Free Y Fund (FCAYX) has a lower management fee than its Muni California Long average: 0.50% vs 1.04%
• First American CA Tax-Free Y Fund (FCAYX) is a true no-load fund as it has no load and no 12b1 promotion, distributions, marketing expenses

  

 What we are cautious about First American CA Tax-Free Y Fund (FCAYX)

Data for First American CA Tax-Free Y Fund (FCAYX) as of February 28, 2010

• First American CA Tax-Free Y Fund (FCAYX) has a less-than-ideal short-term performance (1-year return 10.48% vs 12.42 % Muni California Long category average)

See First American CA Tax-Free Y Fund (FCAYX) performance details as of February 28, 2010

  

  

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First American CA Tax-Free Y Fund (FCAYX) Net Asset

Track net asset change of First American CA Tax-Free Y fund (FCAYX)

Date	Net Asset
02/2010	$100.37M
01/2010	$78.70M
11/2009	$79.63M

More historic net asset information on First American CA Tax-Free Y Fund (FCAYX)

  

First American CA Tax-Free Y Fund (FCAYX) Portfolio Allocation

Track portfolio allocation change of First American CA Tax-Free Y fund (FCAYX)

Date	Cash	Stock	Bond	Other
09/2009	0.9%	0%	99.1%	0%
06/2009	1.94%	0%	98.06%	0%
03/2009	3.44%	0%	96.56%	0%

Click here to see more historic asset allocation information on First American CA Tax-Free Y Fund (FCAYX)

  

Most Recent Top 10 Holdings in First American CA Tax-Free Y Fund (FCAYX)

Discover what First American CA Tax-Free Y Fund (FCAYX) manager is buying

30-Sep-09 CALIFORNIA HEALTH FACS FING AU HOSP REV [1.74%] Golden St Tob Securitization C Enhanced [1.72%] Poway Calif Uni Sch Dist [1.68%] Victor Valley Calif Cmnty Coll Go Bds 5% [1.61%] California St Pub Wks Brd Leas Lease 5% [1.6%] SAN BERNARDINO CALIF CMNTY COL GO BDS [1.52%] Los Angeles Calif Uni Sch Dist 4.5% [1.34%] West Contra Costa Calif Uni Sc Go Sch 6% [1.3%] California St Pub Wks Brd Leas Lease 5% [1.29%] SAN DIEGO CALIF UNI SCH DIST G O BDS [1.27%]

30-Jun-09 CALIFORNIA HEALTH FACS FING AU HOSP REV [1.71%] Golden St Tob Securitization C Enhanced [1.63%] California St Pub Wks Brd Leas Lease 5% [1.56%] Victor Valley Calif Cmnty Coll Go Bds 5% [1.53%] SAN BERNARDINO CALIF CMNTY COL GO BDS [1.47%] Poway Calif Uni Sch Dist [1.39%] Los Angeles Calif Uni Sch Dist 4.5% [1.34%] Los Angeles Calif Cmnty Redev Lease 5% [1.28%] WEST CONTRA COSTA CALIF UNI SC GO SCHOOL [1.23%] California St Pub Wks Brd Leas Lease 5% [1.22%]

31-Mar-09 California Health Facs Fing Au Hos 4.75% [1.72%] Golden St Tob Securitization C Enhanced [1.65%] California St Pub Wks Brd Leas Lease 5% [1.56%] Poway Calif Uni Sch Dist [1.45%] SAN BERNARDINO CALIF CMNTY COL GO BDS [1.44%] Los Angeles Calif Uni Sch Dist 4.5% [1.31%] Los Angeles Calif Cmnty Redev Lease 5% [1.27%] WEST CONTRA COSTA CALIF UNI SC GO SCHOOL [1.22%] COMPTON CALIF SWR REV REF SWR R [1.21%] California St Univ Fresno Assn 6% [1.19%]

Click here for Stock Holding Change Map in First American CA Tax-Free Y Fund (FCAYX)

  

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See more information on First American CA Tax-Free Y Fund (FCAYX)

• First American CA Tax-Free Y Fund Insights
• First American CA Tax-Free Y Fund Performance Data
• First American CA Tax-Free Y Fund News
• First American CA Tax-Free Y Fund Score Explaination
• First American CA Tax-Free Y Fund Manager Information
• Historic First American CA Tax-Free Y Fund Asset Allocation Report
• Historic First American CA Tax-Free Y Fund Top 10 Holding Tracking
• Historic First American CA Tax-Free Y Fund Asset Under Management Tracking