| Ticker: | UTLBX |
| Manager: | Theodore R. Bigman |
| Manager Since: | 03/10 |
| NAV (05/17/2013): | 8.81 |
| Objective: | Equity - Sector Utilities |
| Peer: | UT LB |
| Net Assets ($mil): | 2.05 |
| Inception: | 04/29/1988 |
UTLBX : Description
The fund was incepted in April 1988 and is managed by Morgan Stanley Investment Advisors. The objective of the fund is to provide both capital appreciation and current income. The fund substantially invests in common stocks and other equity securities (including depositary receipts) and investment grade fixed-income securities (including asset-backed and zero-coupon securities) of companies engaged in the utilities industry. Income dividends are distributed quarterly. Capital gains, if any, are distributed in June and December.
UTLBX : Composition - 05/13
| Stocks | 99.05% |
| Foreign Stocks | 42.44% |
| Cash | 0.89% |
| Bonds | 0.00% |
| Foreign Bonds | 0.00% |
| Preferred | 0.00% |
| Convertible | 0.00% |
| Other | 0.06% |
| Foreign Hedged | 0.00% |
UTLBX : Style Analysis - 05/13
| Large Growth | 12.66% |
| Large Value | 9.64% |
| Small Growth | 0.00% |
| Small Value | 0.00% |
| Foreign Stock | 12.66% |
| Emerging Market | 0.00% |
| Precious Metals | 0.00% |
| Intermediate Bond | 0.00% |
| High Yield Bond | 36.05% |
| Foreign Bond | 0.00% |
UTLBX : Risk Analysis
| Beta v. S&P 500 | 0.34 |
| Beta v. EAFE | 0.35 |
| Beta v. Barclays Agg Bond | 1.33 |
| Alpha 3 Yr | 10.18 |
| Alpha 5 Yr | 1.40 |
| R-Sq 3 Yr | 0.65 |
| R-Sq 5 Yr | 0.74 |
| Std Dev 3 Yr | 12.26 |
| Std Dev 5 Yr | 18.32 |
| Sharpe 3 Yr | 1.63 |
| Sharpe 5 Yr | 0.39 |
UTLBX : Fees
| Expense Ratio | 1.85 |
| % Max Load | NA |
| % Min Load | 0.00 |
| % Deferred Load | 5.00 |
| % Redemption | NA |
| % Max 12 B1 Fee | 1.00 |
| % Max Mgt Fee | 0.57 |
UTLBX : Purchase Choices:
| Min Initial Investment | CLOSED |
| Min Subsequent Investment | 100 |
UTLBX : Returns Analysis - Annual
| 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | YTD | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| NAV ($) | 11.40 | 13.38 | 14.45 | 14.90 | 15.90 | 5.54 | 6.26 | 6.50 | 7.24 | 7.85 | 8.81 |
| Total Return (%) | 15.90 | 20.26 | 15.20 | 20.22 | 18.30 | -33.25 | 16.03 | 6.20 | 15.39 | 17.46 | 12.10 |
| Annual Dividend Yield (%) | 2.17 | 2.10 | 2.29 | 1.81 | 0.80 | 2.39 | 2.39 | 2.20 | 1.11 | 1.13 | 1.01 |
| Relative Performance | |||||||||||
| Rel Performance-S&P500(%) | -127.84 | 93.92 | 103.10 | 44.25 | 128.12 | 37.50 | -103.87 | -88.56 | 132.92 | 14.75 | -6.41 |
| Rel Performance-Obj.Ret.(%) | -39.94 | -22.46 | 27.27 | -40.22 | 28.53 | 45.64 | -60.54 | -46.77 | 103.14 | 58.54 | -24.91 |
| Ret.Quintile vs Obj(1 is best) | 5 | 5 | 2 | 5 | 4 | 3 | 3 | 4 | 2 | 1 | 5 |
| Turnover, Yields, and Gains | |||||||||||
| Fund Assets Net($mil) | 931 | 891 | 209 | 75 | 58 | 15 | 9 | 6 | 3 | 2 | 2 |
| Annual Turnover (%) | 43.00 | 20.00 | 5.00 | 21.00 | 9.00 | 124.00 | 382.00 | 149.00 | 36.00 | 32.00 | 0.00 |
| Annual Dividend Paid ($) | 0.26 | 0.29 | 0.36 | 0.32 | 0.14 | 0.24 | 0.15 | 0.14 | 0.08 | 0.09 | 0.00 |
| Annual Capital Gains Paid($) | 0.00 | 0.00 | 0.61 | 2.04 | 1.55 | 4.57 | 0.00 | 0.00 | 0.17 | 0.54 | 0.00 |
UTLBX : Returns Analysis - Trailing Total Return
| 1 Month | 3 Month | 6 Month | YTD | 1 Year | 3 Year | 5 Year | 10 Year | 15 Year | 20 Year | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total Return (through 05/13) | 4.63% | 8.64% | 15.39% | 12.10% | 23.98% | 19.23% | 5.61% | 10.90% | 5.94% | 7.27% |
| Ret. Percentile vs. Obj. (1 is best) | 42 | 80 | 37 | 86 | 8 | 10 | 27 | 55 | 51 | 61 |
UTLBX : Stock Portfolio Snapshot - 05/13
| Average Price/Earnings | 15.86 |
| Average Price/Book | 1.98 |
| Average EPS Growth | 3.63 |
| Average Market Value | 17,534.00 |
UTLBX : Stock Sector Breakout - 05/13
UTLBX : Top Holdings - 05/13
| Name | Weight | Shares |
|---|---|---|
| TRANSCANADA CORP | 7.63 | 576,793 |
| BEIJING ENTERPRISE | 7.24 | 3,943,500 |
| NATIONAL GRID PLC | 6.46 | 2,014,775 |
| AMERICAN TOWER CORP | 4.96 | 229,120 |
| SPECTRA ENERGY CORP | 3.44 | 449,123 |
| WILLIAMS COMPANIES INC | 3.64 | 397,060 |
| NORTHEAST UTILITIES | 3.54 | 323,615 |
| SEMPRA ENERGY | 3.51 | 176,640 |
| ENBRIDGE INC | 4.53 | 373,828 |