Benchmark Morningstar Category
Muni National Interm

Asset Allocation

 

SWNTX

 
  Type %
Net
%
Short
%
Long
Bench-
mark
Cat
Avg
As of 05/31/2014
Cash 2.20 2.20 3.94
US Stock 0.00 0.00 0.01
Non US Stock 0.00 0.00 0.00
Bond 97.80 97.80 96.07
Other 0.00 0.00 -0.02
 

Style Details

 

SWNTX

Fixed-Income Style
 
Fixed-Income Style History
Year Style % Bonds
As of 05/31/2014
2014 97.80
2013 97.99
2012 95.70
2011 95.74
2010 96.85
 
Bond Statistics
Detail Value
As of 05/31/2014, *As of 05/31/2014
Average Effective Duration (Years)* 5.25
Average Effective Maturity (Years)* 5.78
Average Credit Quality A
Average Weighted Coupon* 4.43
Average Weighted Price* 111.29
Credit Quality
Type % Bonds Benchmark Category Avg Bond Weight Benchmark Weight Category Avg Weight
AAA 9.01 18.21
AA 46.16 50.56
A 36.11 22.72
BBB 8.17 4.78
BB 0.46 1.05
B 0.00 0.46
Below B 0.00 0.37
Not Rated 0.09 1.86
As of 05/31/2014
Credit Quality is calculated only using the long position holdings of the portfolio.

Sector Weightings

 

SWNTX

Fixed-Income Sectors
Type % Bonds Benchmark Category Avg Fund Weight Benchmark Weight Category Avg Weight
Municipal 97.80 95.27
State and Local General Obligation 27.83 30.34
Advance Refunded 2.31 4.51
Tobacco 1.10 1.20
Education 26.57 13.10
Health 15.66 8.49
Housing 3.35 0.98
Industrial 2.32 3.82
Transportation 10.29 18.06
Utilities 1.37 6.45
Water & Sewer 7.00 8.11
Miscellaneous Revenue 0.00 0.20
       
Cash & Equivalents 2.20 4.43
       
Other 0.00 0.29
As of 05/31/2014
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% PIK 0.74 1.46
0% to 4% 26.72 5.53
4% to 6% 70.51 83.16
6% to 8% 2.03 9.73
8% to 10% 0.00 0.00
10% to 12% 0.00 0.03
More than 12% 0.00 0.10
As of 05/31/2014
Sector data is calculated only using the long position holdings of the portfolio.

Top 10 Country Breakdown

 

SWNTX

% Bonds Benchmark Category Avg Fund Weight Benchmark Weight Category Avg Weight
United States 100.00 100.00
As of 05/31/2014
Country breakdown data is calculated only using the long position holdings of the portfolio.

Bond Maturity Breakdown

 

SWNTX

% Bonds Benchmark Category Avg Fund Weight Benchmark Weight Category Avg Weight
1 to 3 Years 10.12 10.97
3 to 5 Years 21.65 7.04
5 to 7 Years 12.88 18.32
7 to 10 Years 15.31 16.13
10 to 15 Years 18.73 11.78
15 to 20 Years 11.28 13.88
20 to 30 Years 8.42 19.34
Over 30 Years 1.61 2.55
As of 05/31/2014

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