As of 7/31/10 the Fund was rated 2 stars out of 991 funds, 2 stars out of 862 funds and 2 stars out of 520 funds for the 3-, 5- and 10-year periods, respectively.
Load-Waived Rating
As of 7/31/10 the Fund was rated 3 stars out of 991 funds, 3 stars out of 862 funds and 2 stars out of 520 funds for the 3-, 5- and 10-year periods, respectively.
Overall Rating is based on the 3-, 5- and 10-year Morningstar Risk-Adjusted Returns and accounts for variation in a fund's monthly performance. The overall rating includes effects of sales charges, loads and redemption fees, whereas the load-waived rating does not.
Fund Prices
30-Day SEC Yields
30-Day Distribution Yields
NAV as of 09.03.2010
As of
06.30.2010
As of
06.30.2010
Symbol
NAV/POP
Price
Change
30-Day SEC Yield (%)
Unsubsidized 30-Day SEC Yield (%)
30-Day SEC Yield (%)
Unsubsidized 30-Day SEC Yield (%)
AKIRX
NAV
10.28
-0.03
3.09
2.80
3.44
3.15
AKIRX
POP
10.76
-0.04
3.09
2.80
3.44
3.15
Average Annual Total Returns
NAV as of
09.03.2010
MONTHLY as of
QUARTERLY as of
06.30.2010
Expense Ratios
Symbol
NAV/POP
YTD
1 yr
5 yrs
10 yrs
1 yr
5 yrs
10 yrs
Before Waivers
After Waivers
AKIRX
NAV
6.19
10.42
4.94
5.43
11.34
4.46
5.38
1.31
0.78
AKIRX
POP
1.46
5.50
3.98
4.94
6.29
3.5
4.89
1.31
0.78
Risk Disclosures
The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate, and an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted.
Bond prices are sensitive to changes in interest rates and a rise in interest rates can cause a decline in their prices.
POP Total returns reflect the maximum front-end sales charge of 4.5% for the bond funds (except for Short Duration Government Bond Fund and Short-Term Corporate Bond Fund). For more information on sales charges please refer to the MTB Funds prospectus.
For more complete information, please download the funds' prospectuses available on www.mtbfunds.com or call 1-800-836-2211 for copies. You should consider the fund's investment objectives, risks, charges, and expenses carefully before you invest. Information about these and other important subjects is in the fund's prospectus, which you should read carefully before investing.
MTB Investment Advisors, Inc., a subsidiary of Manufacturers and Traders Trust Company (“M&T Bank”) is the investment advisor to the MTB Group of Funds. ALPS Distributors, Inc., which is not affiliated with M&T Bank, is the distributor of the MTB Group of Funds.
The 30-day current net ("SEC") yield is calculated by dividing the net investment income per share for the 30 days ended on the date of calculation by the maximum offering price per share on that date. The figure is compounded and annualized. The 30-day yield unsubsidized is calculated in the absence of temporary expense waivers or reimbursements thus resulting in a lower yield.
The Gross Expense Ratio is the Fund's total operating expenses taken from the most recent prospectus. This ratio excludes waivers and/or expense reimbursements the fund manager might apply. The Net Expense Ratio, also taken from the most recent prospectus, represents the expenses paid with inclusion of waivers an/or expense reimbursements. When waivers and/or expense reimbursements are included, the Fund's expenses will be lower and performance will be higher for the disclosed expense waiver period. Waiver and/or expense reimbursements can be voluntary or mandated by contract and can expire either at a specific date, at will, or indefinitely. Funds closed to new investors are not requires to file a prospectus, thus the prospectus gross and net expense ratios may not be available.
Morningstar proprietary ratings reflect risk-adjusted performance through most recent month-end. The ratings are subject to change every month. For each fund with at least a 3-year history, Morningstar calculates a Morningstar Rating based on a Morningstar Risk-Adjusted Return that accounts for variation in a fund’s monthly performance (including effects of sales charges, loads and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each category, the next 22.5%, 35%, 22.5% and the bottom 10% receive 5, 4, 3, 2 or 1 star, respectively. (Each share class is counted as a fraction of 1 fund within this scale and rated separately, which may cause slight variations in the distribution percentages.) Past performance is no guarantee of future results.
