Summit Short-term Government A
312 Walnut Street Suite 2500 Cincinnati OH 45202
Map
Phone: 888-259-7565
| Category: | Short Government | | Fund Family: | Summit Mutual Funds | | Net Assets: | 300.00K | | Year-to-Date Return: | 2.28% | | Yield: | 3.47% | | Morningstar Rating: | N/A | | Fund Inception Date: | 01-Feb-07 |
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Michael J. Schultz
Lead Manager since
03-Apr-00 | | | Schultz joined Summit Investment Partners in 1992 and currently serves as a portfolio manager for mortgage- and asset-backed securities. Prior to joining Summit, he worked for five years with ICH Capital Management Group. From 1984 to 1988, he was a fixed-income portfolio manager for the Ohio School Employees Retirement System. |
| Min Initial Investment: | $2,000 | | Min Initial Investment, IRA: | $500 | | Min Initial Investment, AIP: | $0 | | Min Subsequent Investment: | $50 | | Min Subsequent Investment, IRA: | $50 | | Min Subsequent Investment, AIP: | $0 |
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| The investment seeks a high level of current income and preservation of capital. The fund will invest 100% of assets in fixed income instruments issued by the U.S. government and its agencies or derivative instruments related to such investments. The majority of its holdings will have a maturity or average life of five years or less. The fund will maintain a dollar-weighed average maturity of less than three years. It may invest up to 20% of assets in financial futures contracts and options. |
| Last Dividend
(18-Aug-08):
| 0.30 | | Last Cap Gain
(12-May-03):
| 0.08 | | Annual Holdings Turnover
| 32.00% | | Average for Category:
| 169.35% |
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| Expense | SFSTX | Category
Avg | | Total Expense Ratio: | 0.98%
| 0.90% | | Max 12b1 Fee: | 0.25%
| N/A | | Max Front End Sales Load: | 3.00%
| 2.69% | | Max Deferred Sales Load: | 0.00%
| 2.40% | | 3 Yr Expense Projection*: |
$306 | $408 | | 5 Yr Expense Projection*: |
$531 | $644 | | 10 Yr Expense Projection*: |
$1,176 | $1,319 |
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2.63% Nasdaq 0.00%
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