Mutual Fund Insights: First American Interm Tax-Free Y Fund (FMBIX)

In-depth Analysis of First American Interm Tax-Free Y Fund (FMBIX)

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

  

Last Trade: $10.89 on 3/19/2010, Change: 0.00 (0%)

  

Fund Manager - Christopher L. Drahn

Fund Manager Tenure: 2.8 years
Fundmojo Fund Grade: A (Score: 0.76)     (What does this score mean?)

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

  

 What we like about First American Interm Tax-Free Y Fund (FMBIX)

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

• First American Interm Tax-Free Y Fund (FMBIX) has good mid-term performance (3-year return 4.71% vs 4.00 % Muni National Interm category average)
• First American Interm Tax-Free Y Fund (FMBIX) has good Long-term performance (5-year return 4.25% vs 3.70 % Muni National Interm category average)
• First American Interm Tax-Free Y Fund (FMBIX) ratio of up-years vs down years is greater than 2
• First American Interm Tax-Free Y Fund (FMBIX) has a Morningstar rating of 4 and above
• First American Interm Tax-Free Y Fund (FMBIX) has an annual stock turnover rate of 13.00% vs Muni National Interm average of 42.33%. It is good that First American Interm Tax-Free Y management does not trade extensively for its return.
• First American Interm Tax-Free Y Fund (FMBIX) is less volatile than its peers as it has a 3-year Standard Deviation of 5.24, lower than category average of 5.39
• First American Interm Tax-Free Y Fund (FMBIX) has a lower management fee than its Muni National Interm average: 0.70% vs 0.90%
• First American Interm Tax-Free Y Fund (FMBIX) 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 Interm Tax-Free Y Fund (FMBIX)

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

• First American Interm Tax-Free Y Fund (FMBIX) management has been with First American Interm Tax-Free Y Fund for only 2.8 years, it is hard to judge manager's ability based on this fund's operation record
• First American Interm Tax-Free Y Fund (FMBIX) has a less-than-ideal short-term performance (1-year return 9.04% vs 9.19 % Muni National Interm category average)

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

  

  

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First American Interm Tax-Free Y Fund (FMBIX) Net Asset

Track net asset change of First American Interm Tax-Free Y fund (FMBIX)

Date	Net Asset
02/2010	$755.06M
01/2010	$701.30M
11/2009	$689.76M

More historic net asset information on First American Interm Tax-Free Y Fund (FMBIX)

  

First American Interm Tax-Free Y Fund (FMBIX) Portfolio Allocation

Track portfolio allocation change of First American Interm Tax-Free Y fund (FMBIX)

Date	Cash	Stock	Bond	Other
09/2009	7.5%	0%	92.5%	0%
06/2009	8.32%	0%	91.68%	0%
03/2009	6.59%	0%	93.41%	0%

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

  

Most Recent Top 10 Holdings in First American Interm Tax-Free Y Fund (FMBIX)

Discover what First American Interm Tax-Free Y Fund (FMBIX) manager is buying

30-Sep-09 First American Tax-Free Obligations Z [2.66%] Johnson Cnty Kans Residual Rev Residual [0.97%] Colorado Health Facs Auth [0.92%] Gilbert Ariz Pub Facs Mun Ppty Rev 5.5% [0.89%] North Carolina Mun Pwr Agy No Rev Bds 5% [0.85%] Chicago Ill Pk Dist 5% [0.81%] Chicago Ill G.O Bds [0.8%] Dallas Cnty Tex Util & Reclama Ref 5.15% [0.79%] Mesa Cnty Colo Residual Rev Residual [0.72%] Dallas Tex Go Ref Im 4.5% [0.71%]

30-Jun-09 First American Tax-Free Obligations Z [3.57%] ARAPAHOE CNTY COLO SINGLE FAMI SINGLE FA [1.35%] Johnson Cnty Kans Residual Rev Residual [1.04%] Gilbert Ariz Pub Facs Mun Ppty Rev 5.5% [0.91%] Colorado Health Facs Auth [0.89%] Chicago Ill G.O Bds [0.86%] Chicago Ill Pk Dist 5% [0.85%] Dallas Cnty Tex Util & Reclama Ref 5.15% [0.79%] Mesa Cnty Colo Residual Rev Residual [0.78%] Colorado Springs Colo Hosp Rev Pars Bds [0.74%]

31-Mar-09 Arapahoe Cnty Colo Single Fami Single Fa [1.4%] Chicago Ill G.O Bds [1.27%] Johnson Cnty Kans Residual Rev Residual [1.08%] Colorado Health Facs Auth [0.96%] Gilbert Ariz Pub Facs Mun Ppty Rev Bds [0.93%] Chicago Ill Pk Dist 5% [0.88%] Dallas Cnty Tex Util & Reclama Ref 5.15% [0.82%] Snohomish Cnty Wash G.O Bds 5.375% [0.81%] Mesa Cnty Colo Residual Rev Residual [0.8%] Colorado Springs Colo Hosp Rev Pars Bds [0.77%]

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

  

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See more information on First American Interm Tax-Free Y Fund (FMBIX)

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