Fund Research for CNI Charter Government Bond Inst (CNBIX)

  • Fund Overview

    Fund Inception Date: Jan 14, 2000
    Category: Short Government
    Overall Risk: Average
    Fund Family: CNI Charter
    Return Since Inception: 4.87%
    YTD Return: 3.54%
    Yield (TTM): 4.51%
    Net Assets: 71.22 M
    Morningstar Rating:
    3 of 5
    The investment seeks current income. The fund invests in a diversified portfolio, at least 80% of which consists of U.S. government securities either issued or guaranteed by the U.S. government or its agencies or instrumentalities. It may also invest in mortgage backed and asset backed instruments issued by the U.S. government or government sponsored agencies whose maturity and duration are consistent with an intermediate term strategy. In certain cases, securities issued by government-sponsored agencies may not be guaranteed or insured by the U.S. government.

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    Details
    Average Eff Duration 1.62 Yrs
    Average Eff Maturity 1.72 Yrs
    Average Credit Quality AAA
    Morningstar Rating as of 10/31/2009
    YTD Returns as of 11/24/2009    		 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 01/31/2000 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 3.54% 5.51% 4.99% 4.00% — 4.87%
    +/- Category -0.34% -0.63% -0.01% 0.04% — —
    +/- 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) 3.12% 5.38% 4.99% 3.84% — 4.87%
    Quarter (as of 09/30/2009) 2.78% 5.18% 5.03% 3.87% — 4.88%
    Fund and Category YTD, 1yr, 3yr and 5yr Returns as of 11/24/2009
    Index YTD,1yr, 3ys and 5yr Returns as of 11/24/2009 10 yr and Since Inception Returns as of 10/31/2009
    Inception Date: 01/14/2000
    Ratings are based on risk-adjusted performance.
    View Total Returns

  • Fund Portfolio Profile

    Sector Breakdown

    Stocks
    US Government 57.26%
    Mortgage 41.65%
    Credit 0.00%
    Foreign 0.00%
    Cash 1.09%
    Bond Quality
    AAA 100.00%
    AA 0.00%
    A 0.00%
    BBB 0.00%
    BB 0.00%
    B 0.00%
    Below B 0.00%
    Not Rated 0.00%

    Asset Allocation

    Short Long Net Assets
    Cash — 1.09% 1.09%
    Stocks — 0.00% 0.00%
    Bonds — 98.91% 98.91%
    Other — 0.00% 0.00%
    Foreign Stocks
    (as a % of assets)    		 — 0.00% 0.00%
    Data as of 12/31/2008 Data as of 07/31/2009 View Fund Portfolio

    Top 10 Holdings

    Maturity Date Total Holdings Value of Holdings Net Assets
    = Federal Hm Ln Bks 04/13/2012 7 M 7.09 M 9.53%
    = FHLBA 5.25% 06/18/2014 6 M 6.66 M 8.95%
    = Federal Hm Ln Bks 10/18/2013 6 M 6.26 M 8.41%
    = FHLMC 12/22/2011 6 M 6.02 M 8.09%
    * FEDERAL NATL MTG ASSN 07/28/2014 6 M 5.98 M 8.04%
    = FNMA 2.9% 04/07/2014 5.71 M 5.63 M 7.57%
    = FNMA 6.25% 02/01/2011 5 M 5.29 M 7.12%
    + FHLMC 06/15/2018 3.63 M 3.74 M 5.03%
    - FHLMC CMO 5.5% 12/15/2019 3.37 M 3.49 M 4.69%
    - Federal Farm Bonds 2007-7 CMO 5.37% 09/25/2013 2.68 M 2.76 M 3.72%
    + Increase - Decrease = No change * New since last portfolio
    Data as of 07/31/2009
    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 01/28/2009
    Expense Ratio (based on net assets) 0.70%
    Taken from annual report dated 09/30/2008

  • Fund Management

    Paul C. Single
    Start Date: 03/01/2005
    Single is a vice president and senior portfolio manager at CNAM . Prior to that, he worked at Wells Capital Management from 1988 to 2003. His 19 years of experience in fixed-income investing includes a portfolio management position for Wells Fargo Bank from 1988 to 1997. Prior to that, he was a senior portfolio manager for Benham Capital Management Group's Treasury funds.
    Rodney J. Olea
    Start Date: 03/01/2005
    Olea is Senior Vice President and Director of Fixed Income of CNAM. He has oversees the creation, analysis, and management of taxable and tax-free fixed income portfolios and bond selection strategies for CNAM. He has been with CNB since 1994.