Mutual Fund Insights: Seligman Municipal CA High-Yield A Fund (SCHYX)

In-depth Analysis of Seligman Municipal CA High-Yield A Fund (SCHYX)

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See Seligman Municipal CA High-Yield A Fund (SCHYX) performance details as of January 31, 2010

  

Last Trade: $6.43 on 3/12/2010, Change: +0.01 (0.16%)

  

Fund Manager - Catherine M. Stienstra

Fund Manager Tenure: 0.9 years
Fundmojo Fund Grade: N/A (Score: *manager is new*)     (What does this score mean?)

Stienstra is a portfolio manager and Leader of the municipal sector team with RiverSource Investments. She joined the company since July 2007. Prior to that, Stienstra worked as Director and Senior Portfolio Manager for FAF Advisors, since 1998 to 2007, and worked with Piper Capital Management since 1990 to 1998. She began her investment career in 1988.  Get more insights on Catherine M. Stienstra

  

 What we like about Seligman Municipal CA High-Yield A Fund (SCHYX)

Data for Seligman Municipal CA High-Yield A Fund (SCHYX) as of January 31, 2010

• Seligman Municipal CA High-Yield A Fund (SCHYX) has good mid-term performance (3-year return 3.59% vs 1.89% Muni California Long category average)
• Seligman Municipal CA High-Yield A Fund (SCHYX) has good Long-term performance (5-year return 3.68% vs 2.63% Muni California Long category average)
• Seligman Municipal CA High-Yield A Fund (SCHYX) ratio of up-years vs down years is greater than 2
• Seligman Municipal CA High-Yield A Fund (SCHYX) is less volatile than its peers as it has a 3-year Standard Deviation of 6.05, lower than category average of 8.45
• Seligman Municipal CA High-Yield A Fund (SCHYX) has a lower management fee than its Muni California Long average: 0.79% vs 1.04%

  

 What we are cautious about Seligman Municipal CA High-Yield A Fund (SCHYX)

Data for Seligman Municipal CA High-Yield A Fund (SCHYX) as of January 31, 2010

• Seligman Municipal CA High-Yield A Fund (SCHYX) management has been with Seligman Municipal CA High-Yield A Fund for only 0.9 years, it is hard to judge manager's ability based on this fund's operation record
• Seligman Municipal CA High-Yield A Fund is a focused fund with 43.49% of the portfolio on top 10 securities. This tends to produce more volatility compared to a diversified fund. See fund top 10 holdings.
• Seligman Municipal CA High-Yield A Fund (SCHYX) has a less-than-ideal short-term performance (1-year return 9.48% vs 12.39% Muni California Long category average)
• Seligman Municipal CA High-Yield A Fund (SCHYX) has a Morningstar rating of 3 and below
• Seligman Municipal CA High-Yield A Fund (SCHYX) has an annual stock turnover rate of 63.00% that is higher than the Muni California Long average of 32.53%. This could mean Seligman Municipal CA High-Yield A is more nimble, but also signal potential high tax impact and high trading fees
• Seligman Municipal CA High-Yield A Fund (SCHYX) carries a 4.75% load

See Seligman Municipal CA High-Yield A Fund (SCHYX) performance details as of January 31, 2010

  

  

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Seligman Municipal CA High-Yield A Fund (SCHYX) Net Asset

Track net asset change of Seligman Municipal CA High-Yield A fund (SCHYX)

Date	Net Asset
01/2010	$28.98M
11/2009	$29.22M
10/2009	$29.65M

More historic net asset information on Seligman Municipal CA High-Yield A Fund (SCHYX)

  

Seligman Municipal CA High-Yield A Fund (SCHYX) Portfolio Allocation

Track portfolio allocation change of Seligman Municipal CA High-Yield A fund (SCHYX)

Date	Cash	Stock	Bond	Other
10/2009	0%	0%	100%	0%
09/2009	0%	0%	100%	0%
06/2009	0.41%	0%	99.59%	0%

Click here to see more historic asset allocation information on Seligman Municipal CA High-Yield A Fund (SCHYX)

  

Most Recent Top 10 Holdings in Seligman Municipal CA High-Yield A Fund (SCHYX)

Discover what Seligman Municipal CA High-Yield A Fund (SCHYX) manager is buying

31-Oct-09 Modesto Calif Irr Dist 5.3% [6.38%] California Hsg Fin Agy Rev Rev Bd 5.375% [5.89%] California Edl Facs Auth 5% [5.7%] Washington Twp Calif Health Ca Rev 5.25% [5.53%] Puerto Rico Comwlth Hwy & Tran Hwy 5.5% [5.07%] Lakeside Calif Un Sch Dist 5% [4.51%] Foothill / Eastern Transn Corr Tol 5.75% [3.9%] California St G O Bds 5% [3.33%] Martinez Calif Go Bds 5% [3.19%] Los Angeles Calif Dept Wtr & P Pwr Sy 5% [3.09%]

30-Sep-09 Modesto Calif Irr Dist 5.3% [6.31%] California Hsg Fin Agy Rev Rev Bd 5.375% [5.91%] California Edl Facs Auth 5% [5.69%] Washington Twp Calif Health Ca Rev 5.25% [5.61%] Puerto Rico Comwlth Hwy & Tran Hwy 5.5% [5.16%] LAKESIDE CALIF UN SCH DIST SAN G O BDS [4.63%] California Edl Facs Auth 5% [4.27%] Foothill / Eastern Transn Corr Tol 5.75% [4.12%] California St G O Bds 5% [3.54%] Martinez Calif Go Bds 5% [3.26%]

30-Jun-09 Puerto Rico Comwlth Hwy & Tran Hwy 5.5% [10.28%] San Bernardino Calif Jt Pwrs F Rev 5.5% [8.7%] CALIFORNIA STATEWIDE CMNTYS DE REV BDS [6.77%] California Infrasct & Ec Rev Bds 5.25% [6.53%] Modesto Calif Irr Dist 5.3% [6.5%] California Hsg Fin Agy Rev Rev Bd 5.375% [5.59%] California Edl Facs Auth 5% [5.56%] Washington Twp Calif Health Ca Rev 5.25% [5.18%] LAKESIDE CALIF UN SCH DIST SAN G O BDS [4.45%] California Edl Facs Auth 5% [3.92%]

Click here for Stock Holding Change Map in Seligman Municipal CA High-Yield A Fund (SCHYX)

  

Related books and products to Seligman Municipal CA High-Yield A Fund (SCHYX)

  

Latest News on Seligman Municipal CA High-Yield A (SCHYX)

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Books and Resources

 

 

See more information on Seligman Municipal CA High-Yield A Fund (SCHYX)

• Seligman Municipal CA High-Yield A Fund Insights
• Seligman Municipal CA High-Yield A Fund Performance Data
• Seligman Municipal CA High-Yield A Fund News
• Seligman Municipal CA High-Yield A Fund Score Explaination
• Seligman Municipal CA High-Yield A Fund Manager Information
• Historic Seligman Municipal CA High-Yield A Fund Asset Allocation Report
• Historic Seligman Municipal CA High-Yield A Fund Top 10 Holding Tracking
• Historic Seligman Municipal CA High-Yield A Fund Asset Under Management Tracking