| Scorecard |
|---|
|
3 / 5 Stars
|
|
Lipper
2
2
5
5
5
|
|
Zacks Investment Research
5
(Strong Sell)
|
|
Standard & Poor's
4 / 5 Stars
|
|
TheStreet.com
C
(Hold)
|
Fund Holdings
"The fund has no limitations on the maturity of individual securities but is expected to maintain a dollar-weighted average maturity of two to six years. At least 75 percent of the securities held by the fund are municipal bonds in the top three credit-rating categories," according to its prospectus.
Asset Allocation
| % Long | % Net | |
|---|---|---|
| Cash | 8.01 | 8.01 |
| Stocks | 0.0 | 0.0 |
| Bonds | 91.99 | 91.99 |
| Other | 0.0 | 0.0 |
| Foreign Bonds | 0.0 | 0.0 |
| Foreign Stocks | 0.0 | 0.0 |
| Convertible | 0.0 | 0.0 |
| Preferred | 0.0 | 0.0 |
Updated 12.31.2012
Top 10 Holdings
Performance as of 04.30.2013
Portfolio as of 12.31.2012
| % Net Assets | |
|---|---|
| CMT MUNICIPAL RATE | 1.47 |
| Sacramento Calif Transn Auth | 0.54 |
| Texas Mun Gas Acquisition & Su Sr 5.625% | 0.43 |
| Michigan Fin Auth 5% | 0.36 |
| Jea Fla Elec Sys Rev Var Rev B | 0.34 |
| Maine Health & Higher Edl Facs Rev 0.18% | 0.34 |
| Metropolitan Transn Auth 5% | 0.34 |
| Shelby Cnty Tenn Health Edl & Var Rev B | 0.33 |
| Riverside Calif Elec Rev Var Rev R | 0.33 |
| New York St Hsg Fin Agy Rev (I Var Rev B | 0.32 |
Bond Ratings (%)
Updated 12.31.2012
| Sector | VMLTX |
|---|---|
| AAA | 22.34 |
| AA | 52.67 |
| A | 22.25 |
| BBB | 2.38 |
| BB | 0.0 |
| B | 0.03 |
| Below B | 0.0 |
| Other | 0.33 |
