Benchmark Morningstar Category
Muni National Long

Asset Allocation

 

SCMBX

 
  Type %
Net
%
Short
%
Long
Bench-
mark
Cat
Avg
As of 08/31/2014
Cash 3.31 3.31 0.69
US Stock 0.00 0.00 0.03
Non US Stock 0.00 0.00 0.00
Bond 95.84 95.84 101.97
Other 0.85 0.85 -2.69
 

Style Details

 

SCMBX

Fixed-Income Style
 
Fixed-Income Style History
Year Style % Bonds
As of 09/30/2014
2014 95.84
2013 95.29
2012 97.18
2011 98.45
2010 98.94
 
Bond Statistics
Detail Value
As of 09/30/2014, *As of 08/31/2014
Average Effective Duration (Years)* 6.74
Average Effective Maturity (Years)* 6.07
Average Credit Quality A
Average Weighted Coupon* 5.54
Average Weighted Price* 113.48
Credit Quality
Type % Bonds Benchmark Category Avg Bond Weight Benchmark Weight Category Avg Weight
AAA 9.00 0.82
AA 49.00 13.42
A 36.00 59.50
BBB 4.00 25.08
BB 0.00 0.47
B 0.00 0.08
Below B 0.00 0.00
Not Rated 2.00 0.63
As of 09/30/2014
Credit Quality is calculated only using the long position holdings of the portfolio.

Sector Weightings

 

SCMBX

Fixed-Income Sectors
Type % Bonds Benchmark Category Avg Fund Weight Benchmark Weight Category Avg Weight
Municipal 96.66 97.90
State and Local General Obligation 15.56 15.73
Advance Refunded 5.21 4.40
Tobacco 0.74 2.32
Education 8.58 11.43
Health 16.58 15.56
Housing 0.24 0.75
Industrial 3.39 8.67
Transportation 27.26 19.08
Utilities 10.59 10.86
Water & Sewer 7.90 3.86
Miscellaneous Revenue 0.62 5.23
       
Cash & Equivalents 3.34 2.00
       
Other 0.00 0.10
As of 08/31/2014
Sector data is calculated only using the rescaled long position holdings of the portfolio.
Coupon Range
Type % Bonds Benchmark Category Avg   Fund Weight Benchmark Weight Category Avg Weight
0% 4.18 5.24
0% to 4% 1.73 2.27
4% to 6% 79.42 64.26
6% to 8% 12.57 27.06
8% to 10% 0.80 1.12
10% to 12% 0.27 0.00
More than 12% 1.65 0.05
As of 08/31/2014
Sector data is calculated only using the long position holdings of the portfolio.

Top 10 Country Breakdown

 

SCMBX

% Bonds Benchmark Category Avg Fund Weight Benchmark Weight Category Avg Weight
United States 100.00 100.00
As of 08/31/2014
Country breakdown data is calculated only using the long position holdings of the portfolio.

Bond Maturity Breakdown

 

SCMBX

% Bonds Benchmark Category Avg Fund Weight Benchmark Weight Category Avg Weight
1 to 3 Years 4.40 2.41
3 to 5 Years 3.79 1.15
5 to 7 Years 3.75 4.93
7 to 10 Years 6.14 8.59
10 to 15 Years 6.03 7.67
15 to 20 Years 18.22 17.63
20 to 30 Years 55.42 41.68
Over 30 Years 2.24 15.94
As of 08/31/2014

Certain information included herein is derived by Morningstar in part from MSCI’s Index Constituents (the “Index Data”). However, MSCI has not reviewed any information contained herein and does not endorse or express any opinion such information or analysis. Neither MSCI nor any third party involved in or related to the computing or compiling of the Index Data makes any express or implied warranties, representations or guarantees concerning the Index Data or any information or data derived therefrom, and in no event will MSCI or any third party have any liability for any direct, indirect, special, punitive, consequential or any other damages (including lost profits) relating to any use of this information. None of the Index Data is intended to constitute investment advice or a recommendation to make (or refrain from making) any kind of investment decision and may not be relied on as such. All Index Data and any information derived therefrom is for your internal use only and may not be further redistributed or used to create any financial instruments or products or indices.