(also see our vast Newspaper Clippings that highlight our performance and management)
Note: With Respect to Wells Fargo Strategic Municipal Bond Fund (VMPYX, VMPAX, VMPIX, etc.) Stamper Capital’s Clark Stamper was the Fund’s Portfolio Manager for 20 years! – from June 1990 through mid-July 2010 (under Davis Funds (9 years: 5 as a Davis Employee and 4 as an employee of the Fund’s Sub-adviser, Stamper Capital, under Davis), under Evergreen Funds (11 years), Wells Fargo as an owner of Evergreen Funds (1 year), and under Wells Fargo and with the new Fund Name, Wells Fargo Strategic Municipal Bond Fund (60 days)). Stamper Capital & Investments, Inc. was the Fund’s Sub-adviser for 15 years from 1995 through mid-July 2010 and Mr. Stamper was employed as The Fund’s Portfolio Manager by the Fund’s Sub-Adviser, Stamper Capital, for that 15 year period.
Morningstar Achievements:
Top Municipal Short Performer: Number One for 10 years ending 06-30-05
In Morningstar’s Short-Term Municipal Bond Fund Category Evergreen Strategic Municipal Bond Fund, A-Share Version (Clark Stamper, Portfolio Manager Since June 1990) First (based on total return) out of 44 Short-term Municipal Bond Funds, Category Avg. Return +3.75% Our A-share return was 4.64%, 7.14% pre-tax equivalentMorningstar calls the Municipal Bond Fund Stamper Capital Sub-Advised “one of its favorites” on eight occasions:
April 17, 2003: “Our Favorite Short-Term Muni-Bond funds” Dec. 15, 2002: “Our Favorite Short-Term Muni-Bond funds” Nov. 19, 2002: “Our Favorite Short-Term Muni-Bond funds” Aug. 1, 2002: “Our Favorite Muni Short Funds” Feb. 20, 2002: “Our Favorite Muni Short Funds” Sept. 20, 2001: “Our Favorite Muni Short Funds” Feb. 1, 2001: “Our Favorite Muni Short Funds” Dec. 29, 1999: “The Pick of the Muni-Short Category”
Morningstar cites Fund as a “Top Performing Fund For Decade” (Ten Years Ending 12-31-2000)
In Morningstar’s Short-Term Municipal Bond Fund Category Evergreen High Income Municipal Bond Fund, B-Share Version (Clark Stamper, Portfolio Manager Since June 1990) First (based on total return) out of 16 Short-term Municipal Bond Funds, Category Avg. Return: +4.97% B-Share return 5.81%, our A share estimate= 5.81 + .80 = 6.61% or 10.77% pre-tax equivalentLipper Analytical Services:
Lipper Analytical has recognized Stamper Capital’s Portfolio Management of the Fund as a top manager on several occasions:
Lipper RankingsGeneral Municipal Bond Funds I-Share Class, VMPYX Period Ending September 30, 2008
| PERIOD | Stamper Capital Sub-Advised Fund Rank | Number of Competitors | Category Average Total Return | SCI Managed Fund Total Returns | SCI Managed Fund Pre-Tax Equivalent |
| 1-Month | 1st | 246 | -5.38% | -1.16% | -1.78% |
| 1-Year | 4th | 232 | -4.83% | +1.75% | 2.69% |
| 3-Years | 1st | 213 | 0.32% | 3.04% | 4.68% |
| 5-Years | 5th | 204 | 1.73% | 3.13% | 4.82% |
| 10-Years | 29th | 149 | 2.98% | 3.60% | 5.53% |
Top Municipal Bond Fund in Lipper General Municipal Bond Fund Category: Below, we are ranked 1st for February 2008 which was the worst month in municipal bonds in 30 years. Above, you can see we are ranked 1st in September 2008 which was even a tougher month than February 2008. Yes, those are rather large negative numbers for the average fund in the category for the one-month and also for the one year (twelve months) and the category average for three years is a slight positive. So you can see we have done very well versus this peer group in this very tough market.
Lipper Rankings General Municipal Bond Funds I-Share Class, VMPYX Period Ending February 29, 2008| PERIOD | Stamper Capital Sub-Advised Fund Rank | Number of Competitors | Category Average Total Return | SCI Managed Fund Total Returns | SCI Managed Fund Pre-Tax Equivalent |
| 1-Month | 1st | 249 | -4.94% | -0.82% | -1.26% |
| 1-Year | 5th | 236 | -3.59% | 2.45% | 3.77% |
| 3-Years | 4th | 219 | 1.39% | 3.25% | 5.00% |
| 5-Years | 32nd | 210 | 2.51% | 3.23% | 4.97% |
| 10-Years | 49th | 146 | 3.56% | 3.85% | 5.92% |
Best Performing Municipal Bond Fund – Yes, that is a negative 4.94% for the month for the category average. According to Morningstar and Lehman Bros., February 2008 was the worst month for the muni market in over 30 years. We were ranked number one with a negative return of just 0.82% – so we lost 6x less than the average fund in Lipper’s General Municipal Bond Fund Category!
Yes, we beat the category average by 6.04 percentage points for the one-year period (our +2.45% plus the 3.59% the category average lost = 6.04%).
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Our Top Year-End Lipper Rankings: 1st – High Yield Municipal Category, +4.11% Annual Return – 1999-2001 56 High Yield Funds, Category Average Return: +1.47%, 3-year period Lipper did not give out Certifictes for 3 year end periods during this time ——– Lipper Certificates : 1st – High Yield Municipal Category, +9.57% Annual Return – 2000 67 High Yield Funds, Category Average Return: +3.56%, 1-year period Certificate 1st – High Yield Municipal Category, +2.29% Annual Return – 1994 41 High Yield Funds, Category Average Return: -4.99%, 1-year period (when Mr. Stamper was employed by Davis Funds, previously named Venture Advisers) Certificate 1st – Taxable Fixed Income $25-50 Million Category – 1992 (when Mr. Stamper was employed by Venture Advisers) Certificate ——–Please Contact Us if you would like more information about Stamper Capital & Investments, Inc. Separately Managed Accounts.