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Fund Intelligence | Best Managers | FSHYX Insights | FSHYX Score | FSHYX Performance | FSHYX Manager | FSHYX News | FSHYX Allocation | FSHYX Holdings Change

Mutual Fund Insights: First American Short Tax Free Y Fund (FSHYX)

In-depth Analysis of First American Short Tax Free Y Fund (FSHYX)

Mutual fund chart: First American Short Tax Free Y Fund (FSHYX)

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See First American Short Tax Free Y Fund (FSHYX) performance details as of January 31, 2010

  

    Last Trade: $9.99 on 3/19/2010, Change: +0.01 (0.1%)

  

Fund Manager - Michael L. Welle

Fund Manager Tenure: 2.8 years   [Similar Funds: FSHAX ]
Fundmojo Fund Grade: B (Score: 0.65)     (What does this score mean?)
Welle, fixed income portfolio manager, joined FAF Advisors in 1992. Welle holds a Charted Financial Analyst designation.  Get more insights on Michael L. Welle

  

What we like about First American Short Tax Free Y Fund (FSHYX) What we like about First American Short Tax Free Y Fund (FSHYX)

Data for First American Short Tax Free Y Fund (FSHYX) as of January 31, 2010

  • First American Short Tax Free Y Fund (FSHYX) has good short-term performance (1-year return 5.00% vs 4.08% Muni National Short category average)
  • First American Short Tax Free Y Fund (FSHYX) has good mid-term performance (3-year return 3.77% vs 3.49% Muni National Short category average)
  • First American Short Tax Free Y Fund (FSHYX) has good Long-term performance (5-year return 3.07% vs 2.92% Muni National Short category average)
  • First American Short Tax Free Y Fund (FSHYX) ratio of up-years vs down years is greater than 2
  • First American Short Tax Free Y Fund (FSHYX) is less volatile than its peers as it has a 3-year Standard Deviation of 2.55, lower than category average of 2.59
  • First American Short Tax Free Y Fund (FSHYX) has a lower management fee than its Muni National Short average: 0.61% vs 0.83%
  • First American Short Tax Free Y Fund (FSHYX) 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 Short Tax Free Y Fund (FSHYX) What we are cautious about First American Short Tax Free Y Fund (FSHYX)

Data for First American Short Tax Free Y Fund (FSHYX) as of January 31, 2010

  • First American Short Tax Free Y Fund (FSHYX) management has been with First American Short 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 Short Tax Free Y Fund is a focused fund with 36.80% of the portfolio on top 10 securities. This tends to produce more volatility compared to a diversified fund. See fund top 10 holdings.
  • First American Short Tax Free Y Fund (FSHYX) has a Morningstar rating of 3 and below
  • First American Short Tax Free Y Fund (FSHYX) has an annual stock turnover rate of 70.00% that is higher than the Muni National Short average of 47.27%. This could mean First American Short Tax Free Y is more nimble, but also signal potential high tax impact and high trading fees
See First American Short Tax Free Y Fund (FSHYX) performance details as of January 31, 2010

  

  

Interested in other top mutual funds in similar Muni National Short category?

Below are some additional Muni National Short mutual funds generated out of our database

  

First American Short Tax Free Y Fund (FSHYX) Net Asset

Track net asset change of First American Short Tax Free Y fund (FSHYX)

DateNet Asset
01/2010$289.18M
11/2009$256.82M
10/2009$235.89M
More historic net asset information on First American Short Tax Free Y Fund (FSHYX)

  

First American Short Tax Free Y Fund (FSHYX) Portfolio Allocation

Track portfolio allocation change of First American Short Tax Free Y fund (FSHYX)

DateCashStockBondOther
09/200913.11%0%86.89%0%
06/200916.06%0%83.94%0%
03/200916.81%0%83.19%0%
Click here to see more historic asset allocation information on First American Short Tax Free Y Fund (FSHYX)

  

Most Recent Top 10 Holdings in First American Short Tax Free Y Fund (FSHYX)

Discover what First American Short Tax Free Y Fund (FSHYX) manager is buying

30-Sep-09
First American Tax-Free Obligations Z [7.79%]
Florida St Dept Environmental Rev Ref 5% [4.86%]
Virginia St Hsg Dev Auth 4.3% [3.27%]
South Fulton Ga Mun Regl Wtr & Var Rate [3.21%]
Virginia St Pub Bldg Auth 5% [3.09%]
Louisiana St Go Ref Bd [2.84%]
Georgia St Go Bds 5% [2.69%]
Cohasset Minn Rev Rev Ref B [2.67%]
Gwinnett Cnty Ga Wtr & Sew Aut Rev Bd 5% [2.67%]
North Carolina St G O Pub I 5% [2.66%]

30-Jun-09
Florida St Dept Environmental Rev Ref 5% [5.87%]
First American Tax-Free Obligations Z [5.17%]
Virginia St Hsg Dev Auth 4.3% [3.94%]
South Fulton Ga Mun Regl Wtr & Var Rate [3.9%]
Virginia St Pub Bldg Auth 5% [3.7%]
Cohasset Minn Rev Rev Ref B [3.25%]
Georgia St Go Bds 5% [3.1%]
North Carolina St G O Pub I 5% [3.09%]
Gwinnett Cnty Ga Wtr & Sew Aut Rev Bd 5% [3.07%]
Oregon St Dept Administrative Rev Bds 5% [2.99%]

31-Mar-09
Florida St Dept Environmental Rev Ref 5% [6.1%]
Virginia St Hsg Dev Auth 4.3% [4.09%]
South Fulton Ga Mun Regl Wtr & Var Rate [4.04%]
Virginia St Pub Bldg Auth 5% [3.85%]
Cohasset Minn Rev Rev Ref B [3.37%]
North Carolina St G O Pub I 5% [3.22%]
Georgia St Go Bds 5% [3.21%]
Gwinnett Cnty Ga Wtr & Sew Aut Rev Bd 5% [3.18%]
OREGON ST DEPT ADMINISTRATIVE REV BDS [3.06%]
MICHIGAN ST HOSP FIN AUTH REV REV BDS [2.89%]
Click here for Stock Holding Change Map in First American Short Tax Free Y Fund (FSHYX)

  

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Latest News on First American Short Tax Free Y (FSHYX)

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