Fund Detail Page 1 of 1 Release Date: 09-30-96
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UNITED SVCS NEAR-TERM TAX-FR RATING ASSETS NAV OBJECTIVE
***** $5.9 MIL 10.42 MUNI BOND--NATIONAl
1986 1987 1988 1989 1990 1991 1992 1993 1994
- ---- ---- ---- ---- ---- ---- ---- ---- ----
- --- --- --- --- --- 9.72 6.58 9.8 0.03
- --- --- --- --- --- -6.28 -0.82 0.05 2.95
- --- --- --- --- --- -2.42 -2.24 -2.48 5.17
1995 9-96 History
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6.51 2.52 Total Return %
- -11.96 1.92 +/-LB Agg
- -10.95 0.68 +/-LB Muni
[GRAPHIC: Morningstar Principia Chart of Growth Index]
PERFORMANCE
Total Return % +/- +/- %Rank Load Adjusted Return
as of 09-30-96 LB Agg LB Muni Obj % as of 09-30-96
-------------- -------- -------- ------ --------------------
YTD 2.52 1.92 0.68 7/512 12 Mo 3.89
1 Mo .67 -1.07 -0.73 86/517 5 Yr 5.75
3 Mo 1.55 -0.29 -0.75 81/516 10 Yr ---
12 Mo 3.89 -0.99 -2.15 82/501 Inception 5.97
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3 Yr Annlzd 3.43 -1.57 -1.36 73/323 Yields
5 Yr Annlzd 5.75 -1.71 -1.71 90/191 SEC 4.67
10 Yr Annlzd --- --- --- --- 12 Mo ---
15 Yr Annlzd --- --- --- ---
RISK AND RETURN
3Yr 5Yr 10Yr 1Yr(NASD req)
1013 fund 561 funds 221 fund 1745 funds
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Morningstar Rating ***** **** ---- ****
Morningstar Risk 0.28 0.54 ---- 0.36
Morningstar Return 0.40 0.76 ---- 0.39
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Average Historical Rating Over 34 Mos:3.9*s
................................................................................
Mean 3.43 5.75 ----
Standard Deviation 1.94 4.01 ----
Sharpe Ratio -0.82
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R2:56 Beta:0.32 Alpha: -1.37
PORTFOLIO STATISTICS INVESTMENT STYLE:
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Portfolio
Average Fixed Income
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Average Weighted Maturity 8.0 Maturity: Intermediate
Average Weighted Coupon 7.70 Quality: High
Average Weighted Price 106.30
Average Credit Quality AA
POTFOLIO PROFILE
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Composition%
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Cash 5.3 Turnover
Stocks* 0.0 53%
Bonds 94.7 ----------------------------
Other 0.0 Potential Cap Gains Exposure
............. -2% of assets
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OPERATIONS
Manager: King, Creston (et al.) Ticker: ---
Tenure: 1 Years Minimum Initial Purchase $1000
Family: United Services Funds Minimum IRA Purchase: $0
Telephone: 800-873-8637 Minimum Auto Investment Plan: $100
Inception: 12-90 Purchase Constraints: ---
FEES & EXPENSES Fees: 0.00% front load
0.00% deferred load
0.00% 12b-1
Expense Ratio: 0.20%
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(C)1996 Morningstar, Inc. All rights reserved. 225 W. Wacker Dr., Chicago, IL,
60606, 312-696-6000. Alghough data are gathered from reliable sources,
Morningstar cannot guarantee completeness and accuracy. If used as supplement
sales literature, this report must be accompanied by a prospectus and disclosure
statement. For redistribution, please call Morningstar.
MORNINGSTAR PRINCIPIA(TM)FOR MUTUAL FUNDS
Reprinted with permission.
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For a free prospectus containing more complete information, please call
1-800-US-FUNDS. Past performance is no guarantee of future results. Please read
the prospectus carefully. You may have a gain or a loss when you sell shares.
