Mutual Fund Insights: MTB New York Municipal Bond Instl I Fund (VNYIX)

In-depth Analysis of MTB New York Municipal Bond Instl I Fund (VNYIX)

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See MTB New York Municipal Bond Instl I Fund (VNYIX) performance details as of February 28, 2010

  

Last Trade: $10.27 on 3/19/2010, Change: 0.00 (0%)

  

Fund Manager - Mark Tompkins

Fund Manager Tenure: 8.2 years   [Similar Funds: VNYBX  VNYFX ]
Fundmojo Fund Grade: D (Score: 0.43)     (What does this score mean?)

Mark Tompkins has been a vice president and a portfolio manager for MTBIA since April 2003. Mark Tompkins is responsible for managing fixed income portfolios. Mark Tompkins has also been an assistant vice president of M&T Bank since August 1998. Prior to joining M&T Bank in August 1998, Mark Tompkins spent over 4 years as a portfolio manager with Karpus Investment Management. Mark Tompkins holds the Chartered Financial Analyst designation.  Get more insights on Mark Tompkins

  

 What we like about MTB New York Municipal Bond Instl I Fund (VNYIX)

Data for MTB New York Municipal Bond Instl I Fund (VNYIX) as of February 28, 2010

• MTB New York Municipal Bond Instl I Fund (VNYIX) management has been with MTB New York Municipal Bond Instl I Fund for 8.2 years
• MTB New York Municipal Bond Instl I Fund (VNYIX) has good short-term performance (1-year return 8.57% vs 8.28 % Muni New York Int/Sh category average)
• MTB New York Municipal Bond Instl I Fund (VNYIX) ratio of up-years vs down years is greater than 2
• MTB New York Municipal Bond Instl I Fund (VNYIX) has a lower management fee than its Muni New York Int/Sh average: 0.65% vs 0.98%
• MTB New York Municipal Bond Instl I Fund (VNYIX) is a true no-load fund as it has no load and no 12b1 promotion, distributions, marketing expenses

  

 What we are cautious about MTB New York Municipal Bond Instl I Fund (VNYIX)

Data for MTB New York Municipal Bond Instl I Fund (VNYIX) as of February 28, 2010

• MTB New York Municipal Bond Instl I Fund is a focused fund with 34.67% of the portfolio on top 10 securities. This tends to produce more volatility compared to a diversified fund. See fund top 10 holdings.
• MTB New York Municipal Bond Instl I Fund (VNYIX) has a less-than-ideal mid-term performance (3-year return 2.80% vs 3.67 % Muni New York Int/Sh category average)
• MTB New York Municipal Bond Instl I Fund (VNYIX) has a less-than-ideal Long-term performance (5-year return 3.16% vs 3.43 % Muni New York Int/Sh category average)
• MTB New York Municipal Bond Instl I Fund (VNYIX) has a Morningstar rating of 3 and below
• MTB New York Municipal Bond Instl I Fund (VNYIX) is less safe compared to its Muni New York Int/Sh peers
• MTB New York Municipal Bond Instl I Fund (VNYIX) has an annual stock turnover rate of 102.00% that is higher than the Muni New York Int/Sh average of 33.99%. This could mean MTB New York Municipal Bond Instl I is more nimble, but also signal potential high tax impact and high trading fees
• MTB New York Municipal Bond Instl I Fund (VNYIX) does not have a good risk adjusted return as its 3-year Alpha of -1.44 is worse than category average of -0.38, and its 3-year Sharpe ratio is 0.2
• MTB New York Municipal Bond Instl I Fund (VNYIX) is more volatile than its peers as it has a 3-year Standard Deviation of 5.42 that is higher than category average of 5.21

See MTB New York Municipal Bond Instl I Fund (VNYIX) performance details as of February 28, 2010

  

  

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MTB New York Municipal Bond Instl I Fund (VNYIX) Net Asset

Track net asset change of MTB New York Municipal Bond Instl I fund (VNYIX)

Date	Net Asset
02/2010	$106.85M
01/2010	$64.58M
11/2009	$63.83M

More historic net asset information on MTB New York Municipal Bond Instl I Fund (VNYIX)

  

MTB New York Municipal Bond Instl I Fund (VNYIX) Portfolio Allocation

Track portfolio allocation change of MTB New York Municipal Bond Instl I fund (VNYIX)

Date	Cash	Stock	Bond	Other
10/2009	5.13%	0%	94.87%	0%
09/2009	4.57%	0%	95.43%	0%
08/2009	1.63%	0%	98.37%	0%

Click here to see more historic asset allocation information on MTB New York Municipal Bond Instl I Fund (VNYIX)

  

Most Recent Top 10 Holdings in MTB New York Municipal Bond Instl I Fund (VNYIX)

Discover what MTB New York Municipal Bond Instl I Fund (VNYIX) manager is buying

31-Oct-09 Long Island Pwr Auth 5% [6.11%] New York St Urban Dev Corp Rev Svc 5.25% [5.74%] Tobacco Settlement Fing Corp N Asse 5.5% [4.75%] Triborough Brdg & Tunl Auth 6.125% [4.15%] New York St Dorm Auth 7.25% [3.55%] New York St Dorm Auth 7.5% [3.44%] Liberty N Y Dev Corp Rev Rev Bds 5.25% [3.37%] New York N Y City Mun Wtr Fin Rev Bds 5% [3.21%] Tobacco Settlement Fing Corp N Asse 5.5% [3.08%] Tobacco Settlement Fing Corp N Ass 5.25% [3.06%]

30-Sep-09 Long Island Pwr Auth 5% [6.34%] New York St Urban Dev Corp Rev Svc 5.25% [6.03%] Tobacco Settlement Fing Corp N Asse 5.5% [4.89%] Triborough Brdg & Tunl Auth 6.125% [4.32%] New York St Dorm Auth 7.25% [3.7%] New York St Dorm Auth 7.5% [3.5%] New York N Y City Mun Wtr Fin Rev Bds 5% [3.41%] Tobacco Settlement Fing Corp N Ass 5.25% [3.15%] Tobacco Settlement Fing Corp N Asse 5.5% [3.15%] New York St Twy Auth 5.25% [2.82%]

31-Aug-09 Long Island Pwr Auth 5% [6.52%] New York St Urban Dev Corp Rev Svc 5.25% [6.11%] Tobacco Settlement Fing Corp N Asse 5.5% [5.07%] Triborough Brdg & Tunl Auth 6.125% [4.47%] New York St Dorm Auth 7.25% [3.76%] New York St Dorm Auth 7.5% [3.68%] New York N Y City Mun Wtr Fin Rev Bds 5% [3.45%] Tobacco Settlement Fing Corp N Asse 5.5% [3.29%] Tobacco Settlement Fing Corp N Ass 5.25% [3.26%] New York St Twy Auth 5.25% [2.86%]

Click here for Stock Holding Change Map in MTB New York Municipal Bond Instl I Fund (VNYIX)

  

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Latest News on MTB New York Municipal Bond Instl I (VNYIX)

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See more information on MTB New York Municipal Bond Instl I Fund (VNYIX)

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