Mutual Fund Insights: New Hampshire Municipal Fund (NHMUX)

In-depth Analysis of New Hampshire Municipal Fund (NHMUX)

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See New Hampshire Municipal Fund (NHMUX) performance details as of January 31, 2010

  

Last Trade: $10.66 on 3/18/2010, Change: 0.00 (0%)

  

Fund Manager - Monte L. Avery

Fund Manager Tenure: 6.2 years
Fundmojo Fund Grade: D (Score: 0.44)     (What does this score mean?)

Avery started in the securities business with PaineWebber in 1981 as a retail broker, transferring to Dean Witter in 1982. In 1988, he joined Bremer Bank, N.A. to help start their Invest Center. Avery transferred back to Dean Witter in 1993 until joining ND Holdings in 1995. Since that time, he was a co-manager of the funds and effective in February 2000, the manager. From January 1996 until September 2001 and September 2002 to present, Avery has been the portfolio manager for the Integrity Fund of Funds.  Get more insights on Monte L. Avery

  

 What we like about New Hampshire Municipal Fund (NHMUX)

Data for New Hampshire Municipal Fund (NHMUX) as of January 31, 2010

• New Hampshire Municipal Fund (NHMUX) management has been with New Hampshire Municipal Fund for 6.2 years
• New Hampshire Municipal Fund (NHMUX) has good short-term performance (1-year return 6.14% vs 3.67% Muni Single State Short category average)
• New Hampshire Municipal Fund (NHMUX) has good Long-term performance (5-year return 3.44% vs 3.14% Muni Single State Short category average)
• New Hampshire Municipal Fund (NHMUX) ratio of up-years vs down years is greater than 2
• New Hampshire Municipal Fund (NHMUX) has an annual stock turnover rate of 15.93% vs Muni Single State Short average of 19.39%. It is good that New Hampshire Municipal management does not trade extensively for its return.

  

 What we are cautious about New Hampshire Municipal Fund (NHMUX)

Data for New Hampshire Municipal Fund (NHMUX) as of January 31, 2010

• New Hampshire Municipal Fund is a focused fund with 55.67% of the portfolio on top 10 securities. This tends to produce more volatility compared to a diversified fund. See fund top 10 holdings.
• New Hampshire Municipal Fund (NHMUX) has a less-than-ideal mid-term performance (3-year return 4.03% vs 4.07% Muni Single State Short category average)
• New Hampshire Municipal Fund (NHMUX) has a Morningstar rating of 3 and below
• New Hampshire Municipal Fund (NHMUX) is less safe compared to its Muni Single State Short peers
• New Hampshire Municipal Fund (NHMUX) is more volatile than its peers as it has a 3-year Standard Deviation of 3.6 that is higher than category average of 3.49
• New Hampshire Municipal Fund (NHMUX) has a higher management fee of 1.17% than its Muni Single State Short average of 0.84%
• New Hampshire Municipal Fund (NHMUX) carries a 4.25% load

See New Hampshire Municipal Fund (NHMUX) performance details as of January 31, 2010

  

  

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New Hampshire Municipal Fund (NHMUX) Net Asset

Track net asset change of New Hampshire Municipal fund (NHMUX)

Date	Net Asset
01/2010	$3.86M
11/2009	$3.84M
10/2009	$3.82M

More historic net asset information on New Hampshire Municipal Fund (NHMUX)

  

New Hampshire Municipal Fund (NHMUX) Portfolio Allocation

Track portfolio allocation change of New Hampshire Municipal fund (NHMUX)

Date	Cash	Stock	Bond	Other
10/2009	2.86%	0%	97.14%	0%
07/2009	0%	0%	100%	0%
04/2009	6.89%	0%	93.11%	0%

Click here to see more historic asset allocation information on New Hampshire Municipal Fund (NHMUX)

  

Most Recent Top 10 Holdings in New Hampshire Municipal Fund (NHMUX)

Discover what New Hampshire Municipal Fund (NHMUX) manager is buying

31-Oct-09 Rochester N H Go Bonds 4.75% [8.74%] New Hampshire St Go Cap Im 5% [7.72%] Manchester N H Wtr Rev Wtr Rev B 5% [7.07%] Belknap Cnty N H Ult G.O. 5.2% [6.23%] Hampton N H Go Bds 4% [5.58%] New Hampshire St Hsg Fin Auth 4.9% [5.34%] New Hampshire Mun Bd Bk Bd Bk 4% [4.98%] New Hampshire Health & Ed Facs Rev 5.5% [3.46%] Derry N H Go Bds 4.8% [3.31%] New Hampshire Health & Ed Facs Rev Bd 6% [3.24%]

31-Jul-09 Rochester N H Go Bonds 4.75% [8.55%] New Hampshire St Go Cap Im 5% [7.7%] Manchester N H Wtr Rev Wtr Rev B 5% [6.95%] Belknap Cnty N H Ult G.O. 5.2% [6.2%] Hampton N H Go Bds 4% [5.33%] New Hampshire St Hsg Fin Auth 4.9% [5.19%] New Hampshire Health & Ed Facs Rev 5.5% [3.43%] Derry N H Go Bds 4.8% [3.32%] Merrimack Cnty N H Go Bds 4.25% [2.97%] Nashua N H G.O. Bds 5.25% [2.95%]

30-Apr-09 Rochester N H Go Bonds 4.75% [8.55%] New Hampshire St Go Cap Im 5% [7.7%] Manchester N H Wtr Rev Wtr Rev B 5% [6.95%] Belknap Cnty N H Ult G.O. 5.2% [6.2%] Hampton N H Go Bds 4% [5.33%] New Hampshire St Hsg Fin Auth 4.9% [5.19%] New Hampshire Health & Ed Facs Rev 5.5% [3.43%] Derry N H Go Bds 4.8% [3.32%] Merrimack Cnty N H Go Bds 4.25% [2.97%] Nashua N H G.O. Bds 5.25% [2.95%]

Click here for Stock Holding Change Map in New Hampshire Municipal Fund (NHMUX)

  

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Latest News on New Hampshire Municipal (NHMUX)

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Books and Resources

 

 

See more information on New Hampshire Municipal Fund (NHMUX)

• New Hampshire Municipal Fund Insights
• New Hampshire Municipal Fund Performance Data
• New Hampshire Municipal Fund News
• New Hampshire Municipal Fund Score Explaination
• New Hampshire Municipal Fund Manager Information
• Historic New Hampshire Municipal Fund Asset Allocation Report
• Historic New Hampshire Municipal Fund Top 10 Holding Tracking
• Historic New Hampshire Municipal Fund Asset Under Management Tracking