Mutual Fund Insights: MTB PA Municipal Bond Instl I Fund (MVPMX)

In-depth Analysis of MTB PA Municipal Bond Instl I Fund (MVPMX)

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See MTB PA Municipal Bond Instl I Fund (MVPMX) performance details as of February 28, 2010

  

Last Trade: $10.17 on 3/19/2010, Change: 0.00 (0%)

  

Fund Manager - Susan L. Schnaars

Fund Manager Tenure: 4.6 years
Fundmojo Fund Grade: B (Score: 0.6)     (What does this score mean?)

Susan L. Schnaars is the portfolio manager for the fund. Susan L. Schnaars is responsible for managing several large institutional accounts for M&T Bank. Susan L. Schnaars has been a vice president and portfolio Manager of MTBIA (formerly Allied Investment Advisers, Inc.) since 1996 and a vice president of M&T Bank since April 1, 2003. Susan L. Schnaars was a portfolio Manager of Allfirst Bank from 1992 until its acquisition by M&T Bank in April 2003. Susan L. Schnaars holds the Chartered Financial Analyst and Certified Public Accountant designation.  Get more insights on Susan L. Schnaars

  

 What we like about MTB PA Municipal Bond Instl I Fund (MVPMX)

Data for MTB PA Municipal Bond Instl I Fund (MVPMX) as of February 28, 2010

• MTB PA Municipal Bond Instl I Fund (MVPMX) management has been with MTB PA Municipal Bond Instl I Fund for 4.6 years
• MTB PA Municipal Bond Instl I Fund (MVPMX) has good short-term performance (1-year return 7.70% vs 12.02 % Muni Pennsylvania category average)
• MTB PA Municipal Bond Instl I Fund (MVPMX) has good mid-term performance (3-year return 3.85% vs 2.82 % Muni Pennsylvania category average)
• MTB PA Municipal Bond Instl I Fund (MVPMX) has good Long-term performance (5-year return 3.48% vs 3.31 % Muni Pennsylvania category average)
• MTB PA Municipal Bond Instl I Fund (MVPMX) ratio of up-years vs down years is greater than 2
• MTB PA Municipal Bond Instl I Fund (MVPMX) is less volatile than its peers as it has a 3-year Standard Deviation of 4.9, lower than category average of 6.98
• MTB PA Municipal Bond Instl I Fund (MVPMX) has a lower management fee than its Muni Pennsylvania average: 0.85% vs 1.08%
• MTB PA Municipal Bond Instl I Fund (MVPMX) is a true no-load fund as it has no load and no 12b1 promotion, distributions, marketing expenses

  

 What we are cautious about MTB PA Municipal Bond Instl I Fund (MVPMX)

Data for MTB PA Municipal Bond Instl I Fund (MVPMX) as of February 28, 2010

• MTB PA Municipal Bond Instl I Fund is a focused fund with 31.39% of the portfolio on top 10 securities. This tends to produce more volatility compared to a diversified fund. See fund top 10 holdings.
• MTB PA Municipal Bond Instl I Fund (MVPMX) has a Morningstar rating of 3 and below
• MTB PA Municipal Bond Instl I Fund (MVPMX) is less safe compared to its Muni Pennsylvania peers
• MTB PA Municipal Bond Instl I Fund (MVPMX) has an annual stock turnover rate of 21.00% that is higher than the Muni Pennsylvania average of 19.70%. This could mean MTB PA Municipal Bond Instl I is more nimble, but also signal potential high tax impact and high trading fees

See MTB PA Municipal Bond Instl I Fund (MVPMX) performance details as of February 28, 2010

  

  

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MTB PA Municipal Bond Instl I Fund (MVPMX) Net Asset

Track net asset change of MTB PA Municipal Bond Instl I fund (MVPMX)

Date	Net Asset
02/2010	$107.50M
01/2010	$101.16M
11/2009	$105.17M

More historic net asset information on MTB PA Municipal Bond Instl I Fund (MVPMX)

  

MTB PA Municipal Bond Instl I Fund (MVPMX) Portfolio Allocation

Track portfolio allocation change of MTB PA Municipal Bond Instl I fund (MVPMX)

Date	Cash	Stock	Bond	Other
10/2009	2.44%	0%	97.56%	0%
09/2009	1.74%	0%	98.26%	0%
08/2009	1.54%	0%	98.46%	0%

Click here to see more historic asset allocation information on MTB PA Municipal Bond Instl I Fund (MVPMX)

  

Most Recent Top 10 Holdings in MTB PA Municipal Bond Instl I Fund (MVPMX)

Discover what MTB PA Municipal Bond Instl I Fund (MVPMX) manager is buying

31-Oct-09 Bucks Cnty Pa Indl Dev Auth 10% [6.78%] Pennsylvania St Tpk Commn Tpk Tur 5.625% [3.93%] Delaware Riv Port Auth 5.5% [3.27%] Central Dauphin Pa Sch Dist 7% [2.86%] Montgomery Cnty Pa Higher Ed & Rev 7.25% [2.79%] Pittsburgh & Allegheny Cnty Pa Sal 5.25% [2.74%] Pennsylvania St Higher Edl Fac Rev Bd 5% [2.7%] Pennsylvania Convention Ctr Au Rev Bd 6% [2.63%] Hempfield Pa Area Sch Dist 5% [2.58%] Pittsburgh Pa Pub Pkg Auth 5% [2.43%]

30-Sep-09 Bucks Cnty Pa Indl Dev Auth 10% [6.89%] Pennsylvania St Tpk Commn Tpk Tur 5.625% [3.9%] Delaware Riv Port Auth 5.5% [3.28%] Central Dauphin Pa Sch Dist 7% [2.9%] Montgomery Cnty Pa Higher Ed & Rev 7.25% [2.78%] Pittsburgh & Allegheny Cnty Pa Sal 5.25% [2.72%] Pennsylvania St Higher Edl Fac Rev Bd 5% [2.72%] Pennsylvania Convention Ctr Au Rev Bd 6% [2.67%] Hempfield Pa Area Sch Dist 5% [2.64%] Pittsburgh Pa Pub Pkg Auth 5% [2.47%]

31-Aug-09 Bucks Cnty Pa Indl Dev Auth 10% [6.95%] Pennsylvania St Tpk Commn Tpk Tur 5.625% [3.98%] Delaware Riv Port Auth 5.5% [3.34%] Central Dauphin Pa Sch Dist 7% [2.95%] Montgomery Cnty Pa Higher Ed & Rev 7.25% [2.86%] Pittsburgh & Allegheny Cnty Pa Sal 5.25% [2.78%] Pennsylvania St Higher Edl Fac Rev Bd 5% [2.76%] Pennsylvania Convention Ctr Au Rev Bd 6% [2.69%] Hempfield Pa Area Sch Dist 5% [2.65%] Pittsburgh Pa Pub Pkg Auth 5% [2.48%]

Click here for Stock Holding Change Map in MTB PA Municipal Bond Instl I Fund (MVPMX)

  

Related books and products to MTB PA Municipal Bond Instl I Fund (MVPMX)

  

Latest News on MTB PA Municipal Bond Instl I (MVPMX)

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See more information on MTB PA Municipal Bond Instl I Fund (MVPMX)

• MTB PA Municipal Bond Instl I Fund Insights
• MTB PA Municipal Bond Instl I Fund Performance Data
• MTB PA Municipal Bond Instl I Fund News
• MTB PA Municipal Bond Instl I Fund Score Explaination
• MTB PA Municipal Bond Instl I Fund Manager Information
• Historic MTB PA Municipal Bond Instl I Fund Asset Allocation Report
• Historic MTB PA Municipal Bond Instl I Fund Top 10 Holding Tracking
• Historic MTB PA Municipal Bond Instl I Fund Asset Under Management Tracking