Viking Tax-Free Fund for North Dakota (VNDIX)

Objective
Seeks the highest level of current income which is exempt from federal and North Dakota income taxes and is consistent with preservation of investors' capital.
Management Team
Shannon Radke, Josh Larson
Symbol
VNDIX
Cusip
926826603
Inception Date
08/01/2016
Current NAV
$8.98 (as of 10/11/2024)
Distribution Rate
3.23% (without sales charge as of 9/30/2024)
Effective Rate
3.28% (without sales charge as of 9/30/2024)
Morningstar Rating

NAV History

Current NAV Change $ Change % POP
10/11/2024 8.98 -0.02 -0.22 8.98

Total Returns

As of: 9/30/2024

Annualized
Year To Date One Year Three Years Five Years Since Inception
I Shares -0.03 8.68 -1.58 -0.26 0.55

30 Day SEC Yield (as of 9/30/2024)

3.037% (subsidized) 2.654% (unsubsidized)

Dividend History (Past Year)

Reinvest Date Dividend STCG LTCG Return of Capital
9/30/2024 0.023987 0.000000 0.000000 0.000000
8/30/2024 0.024186 0.000000 0.000000 0.000000
7/31/2024 0.024612 0.000000 0.000000 0.000000
6/28/2024 0.022810 0.000000 0.000000 0.000000
5/31/2024 0.023314 0.000000 0.000000 0.000000
4/30/2024 0.022367 0.000000 0.000000 0.000000
3/28/2024 0.021897 0.000000 0.000000 0.000000
2/29/2024 0.020309 0.000000 0.000000 0.000000
1/31/2024 0.021857 0.000000 0.000000 0.000000
12/29/2023 0.022626 0.000000 0.000000 0.000000
11/30/2023 0.021315 0.000000 0.000000 0.000000
10/31/2023 0.021372 0.000000 0.000000 0.000000

Operating Expenses (as of 12/31/2023)

Management Fees 0.50%
Distribution and Service (12b-1) Fees 0.00%
Other Expenses 0.48%
Total Annual Fund Operating Expenses 1.03%
Fee Waivers and Expense Reimbursements -0.30%
Total Annual Fund Operating Expenses (After Fee Waivers and Expense Reimbursements) 0.73%

Top 10 Holdings (as of 9/30/2024)

CASS CO-B-REF 4.25% 2/15/2043
N DAKOTA HSG AGY-F 4.65% 7/1/2038
N DAKOTA FIN AGY-C 4.65% 7/1/2044
MANDAN PUB SD#1 4% 8/1/2044
GRAND FORKS-F-REF 5% 12/1/2036
FARGO PK DT-A 5% 5/1/2036
CASS RURAL WTR DT 4.17% 5/1/2035
N DAKOTA ST BRD 5% 5/1/2049
STANLEY PUB SD #2 4% 8/1/2043
HORACE-A-REF 5% 5/1/2039

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 (excluding sales charges and including fees and expenses versus all funds in the Morningstar category), 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.