Fund Research for Analytic Short-Term Inc Instl (ANSTX)

  • Fund Overview

    Fund Inception Date: Jul 01, 1993
    Category: Short Government
    Overall Risk: Above Average
    Fund Family: Analytic Funds
    Return Since Inception: 4.74%
    YTD Return: 6.40%
    Yield (TTM): 1.77%
    Net Assets: 32.75 M
    Morningstar Rating:
    2 of 5
    The investment seeks income consistent with minimal fluctuations in market value and low credit risk. The fund invests at least 80% of net assets in "income-producing" U.S. government securities. It may invest the remainder in investment-grade debt securities. The fund may utilize options that provide exposure to the credit risk associated with debt securities. It expects its dollar weighted average maturity to be 2 years and to invest in debt securities with maturities of 3 years or less. The fund tries to match and add value over its benchmark, the ML Cor/Gov 1-3 Yr, with respect to duration, maturity and quality. It may also use futures contracts.

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    Details
    Average Eff Duration 1.83 Yrs
    Average Eff Maturity 1.89 Yrs
    Average Credit Quality A
    Morningstar Rating as of 10/31/2009
    YTD Returns as of 11/25/2009    		 Style Box Detail calculations do not include the fund's short positions (if any)

  • Fund Performance

    10 year Growth Chart
    Growth of $10,000 from 12/31/1998 to 10/31/2009
    Mouseover the chart to see values for each month.

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    Total Annualized Returns

    YTD 1 year 3 year 5 year 10 year Since Inception
    Fund 6.40% 9.42% 3.08% 3.46% 4.47% 4.74%
    +/- Category 2.48% 3.81% -1.93% -0.51% 0.07% —
    +/- Barclays US Aggregate Bond TR USD — — — — 6.31% —

    Standardized Annual Returns

    YTD 1 year 3 year 5 year 10 year Since Inception
    Month (as of 10/31/2009) 5.49% 7.92% 2.96% 3.26% 4.47% 4.74%
    Quarter (as of 09/30/2009) 4.85% 4.26% 2.94% 3.18% 4.44% 4.73%
    Fund and Category YTD, 1yr, 3yr and 5yr Returns as of 11/25/2009
    Index YTD,1yr, 3ys and 5yr Returns as of 11/25/2009 10 yr and Since Inception Returns as of 10/31/2009
    Inception Date: 07/01/1993
    Ratings are based on risk-adjusted performance.
    View Total Returns

  • Fund Portfolio Profile

    Sector Breakdown

    Stocks
    US Government 32.31%
    Mortgage 0.00%
    Credit 6.16%
    Foreign 0.00%
    Cash 61.05%
    Bond Quality
    AAA 61.34%
    AA 3.38%
    A 0.75%
    BBB 0.00%
    BB 0.00%
    B 0.00%
    Below B 0.00%
    Not Rated 34.53%

    Asset Allocation

    Short Long Net Assets
    Cash 0.00% 61.05% 61.05%
    Stocks 0.11% 0.25% 0.13%
    Bonds 0.00% 38.47% 38.47%
    Other 0.00% 0.00% 0.00%
    Foreign Stocks
    (as a % of assets)    		 0.11% 0.25% 0.13%
    Data as of 03/31/2009 Data as of 08/31/2009 View Fund Portfolio

    Top 10 Holdings

    Maturity Date Total Holdings Value of Holdings Net Assets
    = US 2YR NOTE (CBT) Dec09 12/31/2009 105.00 22.72 M 39.11%
    = US TREASURY BILL 11/19/2009 10.63 M 10.63 M 18.29%
    = FNMA 11/15/2011 5 M 4.8 M 8.27%
    * FHLMC 08/27/2012 3 M 3.01 M 5.18%
    * Federal Hm Ln Banks 2% 07/27/2012 3 M 3 M 5.16%
    = FHLMC 2.15% 01/13/2012 2.5 M 2.51 M 4.32%
    * Federal Hm Ln Banks 2% 07/23/2012 2 M 2 M 3.44%
    * FEDERAL FARM CR BKS GLOBAL 07/20/2012 2 M 1.99 M 3.43%
    + HighMark Diversified Money Market Fid — 1.41 M 1.41 M 2.43%
    = GENERAL ELEC CAP 12/09/2011 1.2 M 1.24 M 2.14%
    + Increase - Decrease = No change * New since last portfolio
    Data as of 08/31/2009
    Top 10 holdings account for the fund's short positions (if any). Net short positions appear shaded.
    View Fund Portfolio

  • Sales Information

    Sales Charge %

    Initial —
    Deferred —
    Taken from prospectus dated 05/01/2009
    Expense Ratio (based on net assets) 0.60%
    Taken from annual report dated 12/31/2008

  • Fund Management