Mutual Fund Insights: First American MN Tax-Free Y Fund (FYMNX)

In-depth Analysis of First American MN Tax-Free Y Fund (FYMNX)

3 months 6 months 1 year 3 year 5 year

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

  

Last Trade: $10.81 on 3/19/2010, Change: 0.00 (0%)

  

Fund Manager - Douglas J. White

Fund Manager Tenure: 21.7 years
Fundmojo Fund Grade: C (Score: 0.57)     (What does this score mean?)

Douglas J. White is the Head of Tax Exempt Fixed Income. Douglas J. White joined FAF Advisors in 1992. Douglas J. White holds the Chartered Financial Analyst designation and a member of the Twin Cities Society of Security Analysts.  Get more insights on Douglas J. White

  

 What we like about First American MN Tax-Free Y Fund (FYMNX)

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

• First American MN Tax-Free Y Fund (FYMNX) management has been with First American MN Tax-Free Y Fund for 21.7 years
• First American MN Tax-Free Y Fund (FYMNX) has good short-term performance (1-year return 14.46% vs 11.06 % Muni Minnesota category average)
• First American MN Tax-Free Y Fund (FYMNX) has good mid-term performance (3-year return 3.42% vs 3.34 % Muni Minnesota category average)
• First American MN Tax-Free Y Fund (FYMNX) has good Long-term performance (5-year return 4.00% vs 3.74 % Muni Minnesota category average)
• First American MN Tax-Free Y Fund (FYMNX) ratio of up-years vs down years is greater than 2
• First American MN Tax-Free Y Fund (FYMNX) has a Morningstar rating of 4 and above
• First American MN Tax-Free Y Fund (FYMNX) has a lower management fee than its Muni Minnesota average: 0.70% vs 1.12%
• First American MN Tax-Free Y Fund (FYMNX) 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 MN Tax-Free Y Fund (FYMNX)

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

• First American MN Tax-Free Y Fund (FYMNX) is less safe compared to its Muni Minnesota peers
• First American MN Tax-Free Y Fund (FYMNX) has an annual stock turnover rate of 28.00% that is higher than the Muni Minnesota average of 19.58%. This could mean First American MN Tax-Free Y is more nimble, but also signal potential high tax impact and high trading fees
• First American MN Tax-Free Y Fund (FYMNX) does not have a good risk adjusted return as its 3-year Alpha of -1.67 is worse than category average of -1.08, and its 3-year Sharpe ratio is 0.23
• First American MN Tax-Free Y Fund (FYMNX) is more volatile than its peers as it has a 3-year Standard Deviation of 8.06 that is higher than category average of 6.46

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

  

  

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First American MN Tax-Free Y Fund (FYMNX) Net Asset

Track net asset change of First American MN Tax-Free Y fund (FYMNX)

Date	Net Asset
02/2010	$169.74M
01/2010	$50.58M
11/2009	$50.05M

More historic net asset information on First American MN Tax-Free Y Fund (FYMNX)

  

First American MN Tax-Free Y Fund (FYMNX) Portfolio Allocation

Track portfolio allocation change of First American MN Tax-Free Y fund (FYMNX)

Date	Cash	Stock	Bond	Other
09/2009	1.13%	0%	98.87%	0%
06/2009	0.68%	0%	99.32%	0%
03/2009	0.57%	0%	99.43%	0%

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

  

Most Recent Top 10 Holdings in First American MN Tax-Free Y Fund (FYMNX)

Discover what First American MN Tax-Free Y Fund (FYMNX) manager is buying

30-Sep-09 Southern Minn Mun Pwr Agy Pwr Cap Appre [3.72%] Minneapolis & St Paul Minn Met Sr Rev 5% [3.35%] Minnesota St Higher Ed Facs Au Rev 5.25% [3.24%] Minnesota St Go State 5% [2.71%] Minneapolis & St Paul Minn Met Sr Rev 5% [2.2%] Minneapolis Minn Health Care S Re 6.625% [2.11%] Southern Minn Mun Pwr Agy Pwr Cap Appre [2.1%] Minnesota St Hsg Fin Agy Residenti 4.7% [2.05%] ST CLOUD MINN HEALTH CARE REV REV BDS [1.97%] Southern Minn Mun Pwr Agy Pwr Cap Appre [1.91%]

30-Jun-09 Southern Minn Mun Pwr Agy Pwr Cap Appre [3.56%] Minneapolis & St Paul Minn Met Sr Rev 5% [3.46%] Minnesota St Higher Ed Facs Au Rev 5.25% [3.36%] Minnesota St Go State 5% [2.84%] Minnesota Agric & Econ Dev Rev Bd 6.375% [2.83%] Minneapolis & St Paul Minn Met Sr Rev 5% [2.27%] Minneapolis Minn Health Care S Re 6.625% [2.13%] Minnesota St Hsg Fin Agy Residenti 4.7% [2.1%] Southern Minn Mun Pwr Agy Pwr Cap Appre [2.07%] Minneapolis Minn Health Care S Rev 5.75% [1.84%]

31-Mar-09 Cohasset Minn Rev Rev Ref B [4.85%] Southern Minn Mun Pwr Agy Pwr Cap Appre [3.79%] Minneapolis & St Paul Minn Met Sr Rev 5% [3.61%] Minnesota Agric & Econ Dev Rev Bd 6.375% [2.93%] Minnesota St Go State 5% [2.93%] Minneapolis & St Paul Minn Met Sr Rev 5% [2.36%] Minneapolis Minn Health Care S Re 6.625% [2.14%] Minnesota St Hsg Fin Agy Residenti 4.7% [2.09%] Southern Minn Mun Pwr Agy Pwr Cap Appre [2.09%] Minneapolis Minn Health Care S Rev 5.75% [1.92%]

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

  

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See more information on First American MN Tax-Free Y Fund (FYMNX)

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