Oklahoma Municipal Fund (OKMUX)

Objective
Preservation of investors' capital. High level of current income exempt from federal and Oklahoma income taxes.
Management Team
Monte Avery, Shannon Radke, Josh Larson
Symbol
OKMUX
Cusip
926826827
Inception Date
09/25/1996
Current NAV
$11.66 (as of 11/22/2017)
Distribution Rate
2.19% (without sales charge as of 10/31/2017)
Effective Rate
2.21% (without sales charge as of 10/31/2017)
Morningstar Rating

NAV History

Current NAV Change $ Change % POP
11/22/2017 11.66 -0.01 -0.09 11.96

Total Returns

As of: 9/30/2017

Annualized
Year To Date One Year Three Years Five Years Ten Years Since Inception
A Shares 3.13 -0.07 2.54 2.13 3.64 3.91
With sales charge 0.52 -2.59 1.68 1.60 3.38 3.79

The average annual returns in the table reflect the maximum sales charge of 2.50%.

30 Day SEC Yield (as of 10/31/2017)

1.101% (subsidized) 0.921% (unsubsidized)

Dividend Rates (Past Year)

Reinvest Date Dividend STCG LTCG Return of Capital
10/31/2017 0.022458 0.000000 0.000000 0.000000
9/29/2017 0.020492 0.000000 0.000000 0.000000
8/31/2017 0.021732 0.000000 0.000000 0.000000
7/31/2017 0.022094 0.000000 0.000000 0.000000
6/30/2017 0.021823 0.000000 0.000000 0.000000
5/31/2017 0.024025 0.000000 0.000000 0.000000
4/28/2017 0.021489 0.000000 0.000000 0.000000
3/31/2017 0.022983 0.000000 0.000000 0.000000
2/28/2017 0.022618 0.000000 0.000000 0.000000
1/31/2017 0.022232 0.000000 0.000000 0.000000
12/30/2016 0.022861 0.000000 0.000000 0.000000
11/30/2016 0.022745 0.000000 0.000000 0.000000

Operating Expenses (as of 11/01/2017)

Management Fees 0.50%
Distribution and Service (12b-1) Fees 0.25%
Other Expenses 0.41%
Total Annual Fund Operating Expenses 1.16%
Fee Waivers and Expense Reimbursements -0.18%
Total Annual Fund Operating Expenses (After Fee Waivers and Expense Reimbursements) 0.98%

Sales Charge Breakpoints

Investment Amount $ Sales Charge as % of POP Dealer Comm. as % of POP
0+ 2.50 2.00
100,000+ 2.00 1.75
250,000+ 1.50 1.25
500,000+ 0.00 0.00

Investments made at or above the $500,000 breakpoint may be subject to a 1% CDSC on shares redeemed within 24 months of purchase.

Top 10 Holdings (as of 9/30/2017)

The full quarterly holdings report can be found by viewing the N-Q.

MIDWEST MUNI AUTH-A 5% 3/1/2025
GRAND RVR DAM AUTH-A 5.25% 6/1/2040
OK MUN PWR SER B 5.75% 1/1/2024
OK CITY WTR UTIL-REF 5% 7/1/2029
OKLAHOMA CITY 4% 3/1/2024
OK CAP IMPT 4% 10/1/2025
COWETA OK PUBLIC WKS 4% 8/1/2032
UNIV OK REVS-A 5% 7/1/2036
GRAND RVR DAM SER A 5% 6/1/2027
OKLAHOMA PPTY AUTH 5% 10/1/2039

The mutual funds referred to in this website are offered by Prospectus only. For more complete information an investor should consider the investment objectives, risks, and charges and expenses of the investment company carefully before investing. The prospectus contains this and other information about the investment company. You may obtain a prospectus and summary prospectuses at no cost from your financial adviser. Please read the prospectus carefully before investing.

The performance data quoted represents past performance. Past performance does not guarantee future results. The Fund’s principal value, share price, yields, rates and total returns will vary due to changing market conditions, so that 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. To obtain performance data current to the most recent month-end, an investor may call toll free at 800-276-1262.

Investments are not FDIC-insured, nor are they deposits of or guaranteed by a bank or any other entity, so they may lose value.

The investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Bond prices and, therefore, the value of a bond fund will decline as interest rates rise. Because the Fund invests in securities of a single state, the Fund is more susceptible to factors adversely impacting the state’s securities than a municipal fund that does not concentrate its securities in a single state. A portion of the Fund’s dividends may be subject to state and local taxes and, where applicable, federal alternative minimum tax (AMT).

Morningstar Ratings: For each fund with at least a 3-year history, Morningstar calculates a risk-adjusted return measure that accounts for variation in a fund's monthly performance (including the effects of all sales charges, loads, and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. These ratings change monthly. The top 10% of funds in each category receive a Morningstar Rating™ of 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. (Each share class is counted as a fraction of one fund and rated separately.) Past performance does not guarantee future results. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.