Mutual Fund Insights: Seligman Municipal NY C Fund (SNYCX)

In-depth Analysis of Seligman Municipal NY C Fund (SNYCX)

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See Seligman Municipal NY C Fund (SNYCX) performance details as of January 31, 2010

  

Last Trade: $8.12 on 3/19/2010, Change: 0.00 (0%)

  

Fund Manager - Catherine M. Stienstra

Fund Manager Tenure: 1.0 years   [Similar Funds: SNYTX ]
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 NY C Fund (SNYCX)

Data for Seligman Municipal NY C Fund (SNYCX) as of January 31, 2010

• Seligman Municipal NY C Fund (SNYCX) has good mid-term performance (3-year return 3.37% vs 3.02% Muni New York Long category average)
• Seligman Municipal NY C Fund (SNYCX) ratio of up-years vs down years is greater than 2
• Seligman Municipal NY C Fund (SNYCX) is less volatile than its peers as it has a 3-year Standard Deviation of 5.13, lower than category average of 7.67

  

 What we are cautious about Seligman Municipal NY C Fund (SNYCX)

Data for Seligman Municipal NY C Fund (SNYCX) as of January 31, 2010

• Seligman Municipal NY C Fund (SNYCX) management has been with Seligman Municipal NY C Fund for only 1.0 years, it is hard to judge manager's ability based on this fund's operation record
• Seligman Municipal NY C Fund is a focused fund with 33.25% 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 NY C Fund (SNYCX) has a less-than-ideal short-term performance (1-year return 6.69% vs 13.57% Muni New York Long category average)
• Seligman Municipal NY C Fund (SNYCX) has a less-than-ideal Long-term performance (5-year return 2.85% vs 3.20% Muni New York Long category average)
• Seligman Municipal NY C Fund (SNYCX) has a Morningstar rating of 3 and below
• Seligman Municipal NY C Fund (SNYCX) has an annual stock turnover rate of 53.00% that is higher than the Muni New York Long average of 27.73%. This could mean Seligman Municipal NY C is more nimble, but also signal potential high tax impact and high trading fees
• Seligman Municipal NY C Fund (SNYCX) has a higher management fee of 1.54% than its Muni New York Long average of 1.06%
• Seligman Municipal NY C Fund (SNYCX) carries a 1% load

See Seligman Municipal NY C Fund (SNYCX) performance details as of January 31, 2010

  

  

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Seligman Municipal NY C Fund (SNYCX) Net Asset

Track net asset change of Seligman Municipal NY C fund (SNYCX)

Date	Net Asset
01/2010	$8.39M
11/2009	$8.37M
10/2009	$8.13M

More historic net asset information on Seligman Municipal NY C Fund (SNYCX)

  

Seligman Municipal NY C Fund (SNYCX) Portfolio Allocation

Track portfolio allocation change of Seligman Municipal NY C fund (SNYCX)

Date	Cash	Stock	Bond	Other
10/2009	0%	0%	100%	0%
09/2009	0%	0%	100%	0%
06/2009	0.13%	0%	99.87%	0%

Click here to see more historic asset allocation information on Seligman Municipal NY C Fund (SNYCX)

  

Most Recent Top 10 Holdings in Seligman Municipal NY C Fund (SNYCX)

Discover what Seligman Municipal NY C Fund (SNYCX) manager is buying

31-Oct-09 New York N Y City Mun Wtr Fin Rev B 5.5% [5.12%] New York St Engy Resh & Dev Rev Bds 5.5% [4.92%] New York N Y G.O Bds 6% [3.71%] Metropolitan Transn Auth 5.125% [3.68%] New York St Dorm Auth 5% [3.34%] New York St Twy Auth 5% [3.31%] Port Auth 6.125% [3.21%] New York St Hsg Fin Agy Rev Hsg Re 7.75% [2.99%] New York St Loc Govt Assistanc Ref Bd 5% [2.71%] New York St Urban Dev Corp Rev Per 5.25% [2.71%]

30-Sep-09 New York N Y City Mun Wtr Fin Rev B 5.5% [4.99%] New York St Engy Resh & Dev Rev Bds 5.5% [4.77%] New York N Y G.O Bds 6% [3.61%] Metropolitan Transn Auth 5.125% [3.61%] New York St Dorm Auth 5% [3.36%] New York St Twy Auth 5% [3.29%] Port Auth 6.125% [3.23%] New York St Hsg Fin Agy Rev Hsg Re 7.75% [2.9%] New York St Loc Govt Assistanc Ref Bd 5% [2.73%] Triborough Brdg & Tunl Auth 5.5% [2.7%]

30-Jun-09 New York N Y City Mun Wtr Fin Rev B 5.5% [5.34%] New York St Engy Resh & Dev Rev Bds 5.5% [5.04%] Onondaga Cnty N Y Indl Dev Agy Sew 5.75% [4.92%] New York N Y G.O Bds 6% [3.87%] Metropolitan Transn Auth 5.125% [3.61%] Albany N Y Indl Dev Agy Civic Rev 5.375% [3.45%] New York St Twy Auth 5% [3.31%] New York St Dorm Auth 5% [3.29%] New York St Hsg Fin Agy Rev Hsg Re 7.75% [3.21%] Port Auth 6.125% [3.06%]

Click here for Stock Holding Change Map in Seligman Municipal NY C Fund (SNYCX)

  

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See more information on Seligman Municipal NY C Fund (SNYCX)

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