ULTRA SHORT-TERM MUNICIPAL INCOME FUND INSTITUTIONAL CLASS (SMAIX)

Basic Info 9.58 0(0.0%)

ULTRA SHORT-TERM MUNICIPAL INCOME FUND INSTITUTIONAL CLASS started on 08/22/2000
ULTRA SHORT-TERM MUNICIPAL INCOME FUND INSTITUTIONAL CLASS is classified as asset class Muni National Short
ULTRA SHORT-TERM MUNICIPAL INCOME FUND INSTITUTIONAL CLASS expense ratio is 0.25%
ULTRA SHORT-TERM MUNICIPAL INCOME FUND INSTITUTIONAL CLASS rating is
(92%)

ULTRA SHORT-TERM MUNICIPAL INCOME FUND INSTITUTIONAL CLASS (SMAIX) Dividend Info

ULTRA SHORT-TERM MUNICIPAL INCOME FUND INSTITUTIONAL CLASS (SMAIX) dividend growth in the last 12 months is 70.11%

The trailing 12-month yield of ULTRA SHORT-TERM MUNICIPAL INCOME FUND INSTITUTIONAL CLASS is 2.48%. its dividend history:

DateDividend
04/30/2024 0.0216
03/28/2024 0.021
02/28/2024 0.0218
01/31/2024 0.0212
12/29/2023 0.022
11/30/2023 0.021
10/31/2023 0.022
09/29/2023 0.02
08/31/2023 0.018
07/31/2023 0.017
06/30/2023 0.016
05/31/2023 0.014
04/28/2023 0.014
03/31/2023 0.014
02/28/2023 0.015
01/31/2023 0.014
12/30/2022 0.0132
11/30/2022 0.0126
10/31/2022 0.0125
09/30/2022 0.0107
08/31/2022 0.0102
07/29/2022 0.0081
06/30/2022 0.0077
05/31/2022 0.0065
04/29/2022 0.0054
03/31/2022 0.0045
02/28/2022 0.004
01/31/2022 0.0029
12/31/2021 0.003
11/30/2021 0.0032
10/29/2021 0.0031
09/30/2021 0.0034
08/31/2021 0.0032
07/30/2021 0.0036
06/30/2021 0.0041
05/28/2021 0.0042
04/30/2021 0.0048
03/31/2021 0.0043
02/26/2021 0.0047
01/29/2021 0.0045
12/31/2020 0.0051
11/30/2020 0.0057
10/30/2020 0.0059
09/30/2020 0.0062
08/31/2020 0.0063
07/31/2020 0.0076
06/30/2020 0.0094
05/29/2020 0.0103
04/30/2020 0.0138
03/31/2020 0.015
02/28/2020 0.011
01/31/2020 0.0114
12/31/2019 0.0119
11/29/2019 0.012
10/31/2019 0.0126
09/30/2019 0.0126
08/30/2019 0.0127
07/31/2019 0.0131
06/28/2019 0.0138
05/31/2019 0.0137
04/30/2019 0.0137
03/29/2019 0.0132
02/28/2019 0.0132
01/31/2019 0.0127
12/31/2018 0.0133
11/30/2018 0.0132
10/31/2018 0.0125
09/28/2018 0.012
08/31/2018 0.0117
07/31/2018 0.0104
06/29/2018 0.0112
05/31/2018 0.0114
04/30/2018 0.012
03/29/2018 0.01
02/28/2018 0.01
01/31/2018 0.01
12/29/2017 0.009
11/30/2017 0.008
10/31/2017 0.008
09/29/2017 0.007
08/31/2017 0.0072
07/31/2017 0.0085
06/30/2017 0.0079
05/31/2017 0.0078
04/28/2017 0.008
03/31/2017 0.007
02/28/2017 0.008
01/31/2017 0.007
12/30/2016 0.007
11/30/2016 0.006
10/31/2016 0.007
09/30/2016 0.007
08/31/2016 0.006
07/29/2016 0.006
06/30/2016 0.006
05/31/2016 0.006
04/29/2016 0.006
03/31/2016 0.005
02/29/2016 0.006
01/29/2016 0.005
12/31/2015 0.005
12/11/2015 0.002
11/30/2015 0.005
10/30/2015 0.005
09/30/2015 0.006
08/31/2015 0.005
07/31/2015 0.005
06/30/2015 0.005
05/29/2015 0.0025
04/30/2015 0.002
03/31/2015 0.002
02/27/2015 0.002
01/30/2015 0.002
12/31/2014 0.002
12/11/2014 0.001
11/28/2014 0.002
10/31/2014 0.002
09/30/2014 0.002
08/29/2014 0.002
07/31/2014 0.002
06/30/2014 0.002
05/30/2014 0.003
04/30/2014 0.003
03/31/2014 0.002
02/28/2014 0.003
01/31/2014 0.003
12/31/2013 0.003
12/09/2013 0.001
11/29/2013 0.003
10/31/2013 0.003
09/30/2013 0.003
08/30/2013 0.003
07/31/2013 0.002
06/28/2013 0.002
05/31/2013 0.002
04/30/2013 0.002
03/28/2013 0.002
02/28/2013 0.002
01/31/2013 0.002
12/31/2012 0.002
11/30/2012 0.003
10/31/2012 0.003
09/28/2012 0.003
08/31/2012 0.003
07/31/2012 0.003
06/29/2012 0.003
05/31/2012 0.004
04/30/2012 0.004
03/30/2012 0.004
02/29/2012 0.004
01/31/2012 0.005
12/30/2011 0.006
11/30/2011 0.006
10/31/2011 0.006
09/30/2011 0.006
08/31/2011 0.006
07/29/2011 0.006
06/30/2011 0.007
05/31/2011 0.006
04/29/2011 0.007
03/31/2011 0.006
02/28/2011 0.007
01/31/2011 0.007
12/31/2010 0.007
11/30/2010 0.007
10/29/2010 0.006
09/30/2010 0.006
08/31/2010 0.006
07/30/2010 0.006
06/30/2010 0.006
05/28/2010 0.006
03/31/2010 0.005
02/26/2010 0.006
01/29/2010 0.006
12/31/2009 0.007
11/30/2009 0.007
10/30/2009 0.007
09/30/2009 0.009
08/31/2009 0.01
07/31/2009 0.012
06/30/2009 0.014
05/29/2009 0.016
04/30/2009 0.017
03/31/2009 0.018
02/27/2009 0.017
01/30/2009 0.019
12/31/2008 0.019
11/28/2008 0.02
10/31/2008 0.022
09/30/2008 0.018
08/29/2008 0.018
07/31/2008 0.019
06/30/2008 0.017
05/30/2008 0.019
04/30/2008 0.018
03/31/2008 0.02
02/29/2008 0.018
01/31/2008 0.019
12/31/2007 0.018
11/30/2007 0.018
10/31/2007 0.018
09/28/2007 0.021
08/31/2007 0.017
07/31/2007 0.016
06/29/2007 0.016
05/31/2007 0.017
04/30/2007 0.016
03/30/2007 0.016
02/28/2007 0.015
01/31/2007 0.016
12/29/2006 0.016
11/30/2006 0.015
10/31/2006 0.015
09/29/2006 0.015
08/31/2006 0.015
07/31/2006 0.015
06/30/2006 0.014
05/31/2006 0.014
04/28/2006 0.013
03/31/2006 0.015
02/28/2006 0.013
01/31/2006 0.014
12/30/2005 0.014
11/30/2005 0.013
10/31/2005 0.013
09/30/2005 0.012
08/31/2005 0.013
03/31/2005 0.011
02/28/2005 0.011
01/31/2005 0.012
12/31/2004 0.012
11/30/2004 0.01
10/29/2004 0.011
09/30/2004 0.01
08/31/2004 0.01
07/30/2004 0.011
06/30/2004 0.01
05/28/2004 0.01
04/30/2004 0.01
03/31/2004 0.009
02/27/2004 0.009
01/30/2004 0.011
12/31/2003 0.01
11/28/2003 0.01
10/31/2003 0.01
09/30/2003 0.009
08/29/2003 0.011
07/31/2003 0.01
06/30/2003 0.01
05/30/2003 0.013
04/30/2003 0.012
03/31/2003 0.012
02/28/2003 0.03
01/31/2003 0.035
12/31/2002 0.014
11/29/2002 0.032
10/31/2002 0.014
09/30/2002 0.013
08/30/2002 0.016
07/31/2002 0.015
06/28/2002 0.013
05/31/2002 0.034
04/30/2002 0.031
03/28/2002 0.014
02/28/2002 0.014
01/31/2002 0.015
12/31/2001 0.015
11/30/2001 0.016
10/31/2001 0.015
09/28/2001 0.014
08/31/2001 0.018
07/31/2001 0.017
06/29/2001 0.018
05/31/2001 0.019
04/30/2001 0.019
03/30/2001 0.02
02/28/2001 0.018
01/31/2001 0.019
12/29/2000 0.022
11/30/2000 0.021
10/31/2000 0.021
09/29/2000 0.021
08/31/2000 0.02

Dividend Growth History for ULTRA SHORT-TERM MUNICIPAL INCOME FUND INSTITUTIONAL CLASS (SMAIX)

Year
Payout Amount
Year Start Yield
Annual Payout Growth (YoY)
CAGR to 2023
2023 $0.207 2.19% 110.58% -
2022 $0.0983 1.03% 113.23% 110.58%
2021 $0.0461 0.48% -57.20% 111.90%
2020 $0.1077 1.12% -30.61% 24.33%
2019 $0.1552 1.62% 12.71% 7.47%
2018 $0.1377 1.44% 47.43% 8.49%
2017 $0.0934 0.98% 27.95% 14.18%
2016 $0.073 0.76% 50.52% 16.06%
2015 $0.0485 1.01% 67.24% 19.89%
2014 $0.029 0.60% -3.33% 24.41%
2013 $0.03 0.62% -26.83% 21.31%
2012 $0.041 0.85% -46.05% 15.86%
2011 $0.076 1.58% 13.43% 8.71%
2010 $0.067 1.39% -56.21% 9.06%
2009 $0.153 3.26% -32.60% 2.18%
2008 $0.227 4.76% 11.27% -0.61%
2007 $0.204 4.28% 17.24% 0.09%
2006 $0.174 3.65% 75.76% 1.03%
2005 $0.099 2.07% -19.51% 4.18%
2004 $0.123 2.53% -28.49% 2.78%
2003 $0.172 3.52% -23.56% 0.93%
2002 $0.225 4.59% 8.17% -0.40%
2001 $0.208 4.21% 98.10% -0.02%
2000 $0.105 2.12% - 3.00%

Dividend Growth Chart for ULTRA SHORT-TERM MUNICIPAL INCOME FUND INSTITUTIONAL CLASS (SMAIX)

ULTRA SHORT-TERM MUNICIPAL INCOME FUND INSTITUTIONAL CLASS (SMAIX) Historical Returns And Risk Info

From 08/22/2000 to 05/15/2024, the compound annualized total return (dividend reinvested) of ULTRA SHORT-TERM MUNICIPAL INCOME FUND INSTITUTIONAL CLASS (SMAIX) is 2.041%. Its cumulative total return (dividend reinvested) is 61.358%.

From 08/22/2000 to 05/15/2024, the Maximum Drawdown of ULTRA SHORT-TERM MUNICIPAL INCOME FUND INSTITUTIONAL CLASS (SMAIX) is 1.9%.

From 08/22/2000 to 05/15/2024, the Sharpe Ratio of ULTRA SHORT-TERM MUNICIPAL INCOME FUND INSTITUTIONAL CLASS (SMAIX) is 0.83.

From 08/22/2000 to 05/15/2024, the Annualized Standard Deviation of ULTRA SHORT-TERM MUNICIPAL INCOME FUND INSTITUTIONAL CLASS (SMAIX) is 1.1%.

From 08/22/2000 to 05/15/2024, the Beta of ULTRA SHORT-TERM MUNICIPAL INCOME FUND INSTITUTIONAL CLASS (SMAIX) is 0.74.

Last 1 Week* YTD*(2024) 1 Yr 3 Yr 5 Yr 10 Yr 15 Yr 20 Yr Since
08/22/2000		 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000
Annualized Return(%) 0.1 1.2 3.8 1.5 1.4 1.1 1.2 1.8 2.0 3.4 -0.7 0.4 1.1 2.1 1.4 1.2 0.0 0.4 0.6 0.6 1.1 1.6 1.4 6.1 2.9 4.4 3.7 1.7 0.9 3.4 4.5 3.2 1.9
Sharpe Ratio NA -0.18 0.01 -0.91 -0.22 0.06 NA NA 0.83 -0.86 -2.14 0.87 0.78 0.97 0.21 1.07 -0.34 0.89 1.31 0.74 1.69 2.55 2.24 4.24 0.94 0.9 0.33 -0.43 -0.04 2.0 1.94 0.61 0.83
Draw Down(%) NA 0.1 0.3 1.8 1.9 1.9 NA NA 1.9 0.6 1.7 0.2 1.9 0.1 0.1 0.2 0.6 0.2 0.2 0.2 0.2 0.2 0.2 0.4 1.1 0.4 0.2 0.6 0.8 0.2 0.6 0.7 0.2
Standard Deviation(%) NA 1.2 1.1 0.9 0.9 0.8 NA NA 1.1 1.0 1.0 0.4 1.1 0.7 0.6 0.5 0.5 0.4 0.4 0.8 0.6 0.6 0.6 1.4 2.1 1.5 1.3 1.2 1.3 1.3 1.7 1.5 1.7
Treynor Ratio NA 0.0 0.0 -0.01 0.0 0.0 NA NA 0.01 -0.01 -0.04 0.01 0.02 0.01 0.0 0.01 -0.01 0.02 0.02 0.03 0.03 0.03 0.02 0.06 0.02 0.01 0.0 -0.01 0.0 0.03 0.03 0.01 0.01
Alpha NA 0.0 0.0 0.0 0.0 0.0 NA NA 0.0 0.0 -0.01 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.01 0.0 0.0 0.0 0.0 0.0 0.01 0.0 0.0 0.0
Beta NA 0.64 0.65 0.63 0.58 0.55 NA NA 0.74 0.63 0.49 0.41 0.53 0.64 0.52 0.49 0.34 0.18 0.25 0.21 0.35 0.62 0.6 0.94 1.08 1.1 0.92 0.7 0.6 0.88 1.01 0.79 1.06
RSquare NA 0.51 0.53 0.45 0.53 0.44 NA NA 0.37 0.52 0.35 0.2 0.77 0.35 0.33 0.25 0.12 0.03 0.04 0.02 0.07 0.27 0.36 0.29 0.44 0.63 0.51 0.21 0.15 0.29 0.38 0.49 0.81
Yield(%) N/A 0.8 2.5 1.5 1.3 2.2 1.9 2.3 N/A 2.1 0.9 0.0 1.4 1.3 1.3 1.3 1.0 0.2 0.0 0.0 0.0 2.5 2.1 3.6 5.0 5.0 4.0 1.7 2.5 3.5 4.3 4.7 2.0
Dividend Growth(%) N/A -60.0 70.0 11.1 52.8 -8.2 N/A N/A N/A 122.2 N/A -100.0 8.3 0.0 0.0 20.0 900.0 N/A N/A N/A -100.0 20.0 -41.2 -29.2 0.0 26.3 137.5 -33.3 -29.4 -19.0 -8.7 130.0 N/A

Return Calculator for ULTRA SHORT-TERM MUNICIPAL INCOME FUND INSTITUTIONAL CLASS (SMAIX)

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ULTRA SHORT-TERM MUNICIPAL INCOME FUND INSTITUTIONAL CLASS (SMAIX) Historical Return Chart

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ULTRA SHORT-TERM MUNICIPAL INCOME FUND INSTITUTIONAL CLASS (SMAIX) Rolling Returns Charts

A rolling return for a period such as 5-year, as of a specific date, represents the investment’s performance over the preceding five years leading up to that date. In the 5-year rolling chart, the value on any given date corresponds to the annualized return for the preceding 5 years up to that very date. Thus, for instance, the chart value on 8/28/2015 reflects the annualized return from 8/28/2010 to 8/28/2015. A 5-year rolling return chart for an investment (stock, fund or portfolio) depicts the return sequence of 5-year trailing returns for the dates in the chart.

These rolling returns contrast with the most recent 3, 5, 10, and 15-year returns, as they solely depict the returns for those respective periods leading up to the most recent date, without encompassing every date in the historical record.

Rolling return charts offer a more precise insight into a portfolio’s risk and return stability (including funds or individual stocks). This is particularly true when focusing on the minimal return points within a rolling return chart as a measure of a fund or a portfolio's risk. A well-known observation, often attributed to ‘Murphy’s law’, is that it tends to perform poorly when investors decide to follow an investment due to its recent strong returns. Sound familiar? Information regarding minimum rolling returns could help mitigate this predicament. Investors can opt for an investment showcasing high minimum rolling returns within their preferred holding durations. In fact, merely possessing knowledge of such minimum rolling period returns can anchor investors’ expectations.

For instance, let’s consider an investor who follows a model portfolio (or even simply purchases and holds a fund like VFINX or SPY) for 10 years. Armed with knowledge of this portfolio’s minimum 10-year rolling return since its inception date or the fund’s inception (in the case of VFINX, recognizing that the minimum 10-year rolling return since 1987 could be as low as -2.24%), the investor should reasonably anticipate the potential for the portfolio to incur losses over the forthcoming 10 years.

Minimum rolling return for a period such as 10-year offers a different and often better historical risk and return metric than other popular risk and return metrics such as Sharpe ratio, standard deviation (volatility) or maximum drawdown.

See Portfolio Calculator and Rolling Returns for more detailed description.

From 08/22/2000 to 05/15/2024, the worst annualized return of 3-year rolling returns for ULTRA SHORT-TERM MUNICIPAL INCOME FUND INSTITUTIONAL CLASS (SMAIX) is 0.2%.
From 08/22/2000 to 05/15/2024, the worst annualized return of 5-year rolling returns for ULTRA SHORT-TERM MUNICIPAL INCOME FUND INSTITUTIONAL CLASS (SMAIX) is 0.6%.
From 08/22/2000 to 05/15/2024, the worst annualized return of 10-year rolling returns for ULTRA SHORT-TERM MUNICIPAL INCOME FUND INSTITUTIONAL CLASS (SMAIX) is 0.73%.
From 08/22/2000 to 05/15/2024, the worst annualized return of 20-year rolling returns for ULTRA SHORT-TERM MUNICIPAL INCOME FUND INSTITUTIONAL CLASS (SMAIX) is 2%.

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