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Critical Facts You Need to Know About Preferred Stocks
Have you ever wished for the safety of bonds, but the return potential...
Name
As of 11/07/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
YTD Return
-2.2%
1 yr return
4.1%
3 Yr Avg Return
-2.4%
5 Yr Avg Return
-0.8%
Net Assets
$22 M
Holdings in Top 10
46.0%
Expense Ratio 1.03%
Front Load N/A
Deferred Load N/A
Turnover N/A
Redemption Fee N/A
Standard (Taxable)
$1,000
IRA
$250
Fund Type
Open End Mutual Fund
Name
As of 11/07/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
To pursue its objective, the Fund normally invests at least 80% of its net assets (including any borrowings for investment purposes) in municipal securities that pay interest free from (a) federal income taxes, including the federal alternative minimum tax, and (b) North Dakota personal income taxes.
Municipal bonds are debt securities issued by or on behalf of states, territories, and possessions of the United States and their political subdivisions, agencies, authorities, and instrumentalities. The two general classifications of municipal bonds are "general obligation" and "revenue" bonds. General obligation bonds are secured by the issuer's pledge of its faith, credit, and taxing power for the payment of principal and interest. Revenue bonds are payable only from the revenues derived from a particular facility or class of facilities or, in some cases, from the proceeds of a special excise tax or other specific revenue source.
The investment manager actively manages the Fund's portfolio by selecting securities that it believes will provide the best balance between risk and return within the Fund's range of allowable investments. The investment manager will consider selling a security with deteriorating credit or limited upside potential compared to other available bonds.
The Fund may invest up to 30% of its net assets in U.S. territorial obligations (including qualifying obligations of Puerto Rico, the U.S. Virgin Islands, and Guam), the interest on which is exempt from federal and North Dakota personal income taxes. The Fund may invest up to 20% of its net assets in private activity bonds (which are revenue bonds that finance privately operated facilities), the interest on which is a tax preference item for purposes of the federal alternative minimum tax.
The Fund may invest more than 25% of its net assets in municipal securities that finance similar types of projects, such as education, healthcare, housing, industrial development, transportation, utilities, or pollution control. Economic, business, political, or other changes that affect a type of project can similarly affect all securities of a similar type related to these projects. The Fund is non-diversified. This means that the Fund may invest a larger percentage of its assets in more limited number of issuers than a diversified fund.
All of the municipal securities in which the Fund invests are rated investment grade (BBB- or higher) at the time of purchase by a nationally recognized statistical rating organization such as S&P Global Ratings or Moody's Investors Service, Inc. or are of comparable quality as determined by the Fund's investment manager. If, subsequent to the purchase of a municipal security, the rating of a municipal security falls below investment grade, the Fund will not be required to dispose of the security.
Under normal circumstances, the Fund will maintain an average stated maturity at between five and twenty-five years.
Period | VNDIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -2.2% | -5.6% | 31.6% | 96.21% |
1 Yr | 4.1% | 0.1% | 42.6% | 93.68% |
3 Yr | -2.4%* | -11.3% | 3.3% | 93.50% |
5 Yr | -0.8%* | -6.9% | 1103.7% | 94.49% |
10 Yr | N/A* | -0.9% | 248.7% | 73.40% |
* Annualized
Period | VNDIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 2.2% | -1.4% | 41.0% | 67.76% |
2022 | -11.6% | -39.7% | 0.3% | 50.51% |
2021 | -1.3% | -5.6% | 6.9% | 85.14% |
2020 | 0.8% | -2.6% | 310.0% | 86.04% |
2019 | 2.3% | 0.0% | 26.0% | 86.37% |
Period | VNDIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -2.2% | -5.6% | 31.6% | 96.21% |
1 Yr | 4.1% | 0.1% | 42.6% | 93.68% |
3 Yr | -2.4%* | -11.3% | 3.3% | 93.50% |
5 Yr | -0.8%* | -6.9% | 1103.7% | 94.49% |
10 Yr | N/A* | -0.9% | 248.7% | 70.04% |
* Annualized
Period | VNDIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 5.1% | -1.3% | 41.0% | 64.69% |
2022 | -9.6% | -39.7% | 1.1% | 53.62% |
2021 | 0.9% | -4.8% | 23761504.0% | 68.51% |
2020 | 2.8% | -1.5% | 17057.9% | 80.00% |
2019 | 5.4% | 0.2% | 3514.6% | 75.16% |
VNDIX | Category Low | Category High | VNDIX % Rank | |
---|---|---|---|---|
Net Assets | 22 M | 3.22 M | 71.9 B | 98.27% |
Number of Holdings | 45 | 4 | 13418 | 97.60% |
Net Assets in Top 10 | 9.46 M | -317 M | 3.09 B | 95.67% |
Weighting of Top 10 | 45.95% | 1.8% | 100.3% | 2.93% |
Weighting | Return Low | Return High | VNDIX % Rank | |
---|---|---|---|---|
Bonds | 100.18% | 0.00% | 150.86% | 19.63% |
Stocks | 0.00% | 0.00% | 99.78% | 90.35% |
Preferred Stocks | 0.00% | 0.00% | 0.07% | 89.01% |
Other | 0.00% | -3.69% | 51.88% | 54.93% |
Convertible Bonds | 0.00% | 0.00% | 0.93% | 88.97% |
Cash | 0.00% | -50.86% | 44.62% | 96.74% |
Weighting | Return Low | Return High | VNDIX % Rank | |
---|---|---|---|---|
Municipal | 100.00% | 44.39% | 100.00% | 4.75% |
Derivative | 0.00% | -3.69% | 51.88% | 53.00% |
Cash & Equivalents | 0.00% | 0.00% | 44.41% | 79.36% |
Securitized | 0.00% | 0.00% | 5.93% | 52.54% |
Corporate | 0.00% | 0.00% | 9.41% | 60.49% |
Government | 0.00% | 0.00% | 52.02% | 55.55% |
Weighting | Return Low | Return High | VNDIX % Rank | |
---|---|---|---|---|
US | 100.18% | 0.00% | 142.23% | 18.84% |
Non US | 0.00% | 0.00% | 23.89% | 91.28% |
VNDIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.03% | 0.01% | 8.02% | 28.31% |
Management Fee | 0.50% | 0.00% | 1.20% | 86.36% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.01% | 0.44% | N/A |
VNDIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 0.50% | 4.75% | N/A |
Deferred Load | N/A | 0.25% | 5.00% | N/A |
VNDIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 1.00% | 1.00% | N/A |
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
VNDIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | N/A | 0.00% | 283.00% | 61.76% |
VNDIX | Category Low | Category High | VNDIX % Rank | |
---|---|---|---|---|
Dividend Yield | 3.41% | 0.00% | 14.51% | 54.03% |
VNDIX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | None | Monthly | Monthly | Monthly |
VNDIX | Category Low | Category High | VNDIX % Rank | |
---|---|---|---|---|
Net Income Ratio | 2.10% | -0.53% | 5.33% | 42.18% |
VNDIX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually |
Date | Amount | Type |
---|---|---|
Oct 31, 2024 | $0.025 | OrdinaryDividend |
Sep 30, 2024 | $0.024 | OrdinaryDividend |
Aug 30, 2024 | $0.024 | OrdinaryDividend |
Jul 31, 2024 | $0.025 | OrdinaryDividend |
Apr 30, 2024 | $0.022 | OrdinaryDividend |
Mar 28, 2024 | $0.022 | OrdinaryDividend |
Feb 29, 2024 | $0.020 | OrdinaryDividend |
Jan 31, 2024 | $0.022 | OrdinaryDividend |
Dec 29, 2023 | $0.023 | OrdinaryDividend |
Nov 30, 2023 | $0.021 | OrdinaryDividend |
Oct 31, 2023 | $0.021 | OrdinaryDividend |
Sep 29, 2023 | $0.020 | OrdinaryDividend |
Aug 31, 2023 | $0.020 | OrdinaryDividend |
Jul 31, 2023 | $0.020 | OrdinaryDividend |
Jun 30, 2023 | $0.019 | OrdinaryDividend |
May 31, 2023 | $0.020 | OrdinaryDividend |
Apr 28, 2023 | $0.019 | OrdinaryDividend |
Mar 31, 2023 | $0.018 | OrdinaryDividend |
Feb 28, 2023 | $0.016 | OrdinaryDividend |
Jan 31, 2023 | $0.017 | OrdinaryDividend |
Dec 30, 2022 | $0.017 | OrdinaryDividend |
Nov 30, 2022 | $0.017 | OrdinaryDividend |
Oct 31, 2022 | $0.017 | OrdinaryDividend |
Sep 30, 2022 | $0.016 | OrdinaryDividend |
Aug 31, 2022 | $0.017 | OrdinaryDividend |
Jul 29, 2022 | $0.017 | OrdinaryDividend |
Jun 30, 2022 | $0.017 | OrdinaryDividend |
May 31, 2022 | $0.016 | OrdinaryDividend |
Apr 29, 2022 | $0.015 | OrdinaryDividend |
Mar 31, 2022 | $0.015 | OrdinaryDividend |
Feb 28, 2022 | $0.013 | OrdinaryDividend |
Jan 31, 2022 | $0.015 | OrdinaryDividend |
Dec 31, 2021 | $0.014 | OrdinaryDividend |
Nov 30, 2021 | $0.015 | OrdinaryDividend |
Oct 29, 2021 | $0.017 | OrdinaryDividend |
Sep 30, 2021 | $0.016 | OrdinaryDividend |
Aug 31, 2021 | $0.016 | OrdinaryDividend |
Jul 30, 2021 | $0.016 | OrdinaryDividend |
Jun 30, 2021 | $0.016 | OrdinaryDividend |
May 28, 2021 | $0.017 | OrdinaryDividend |
Apr 30, 2021 | $0.017 | OrdinaryDividend |
Mar 31, 2021 | $0.019 | OrdinaryDividend |
Feb 26, 2021 | $0.017 | OrdinaryDividend |
Jan 29, 2021 | $0.019 | OrdinaryDividend |
Dec 31, 2020 | $0.019 | OrdinaryDividend |
Oct 30, 2020 | $0.021 | OrdinaryDividend |
Sep 30, 2020 | $0.019 | OrdinaryDividend |
Aug 31, 2020 | $0.019 | OrdinaryDividend |
Jul 31, 2020 | $0.019 | OrdinaryDividend |
Jun 30, 2020 | $0.020 | OrdinaryDividend |
May 29, 2020 | $0.021 | OrdinaryDividend |
Apr 30, 2020 | $0.021 | OrdinaryDividend |
Jan 31, 2020 | $0.022 | OrdinaryDividend |
Dec 31, 2019 | $0.022 | OrdinaryDividend |
Nov 29, 2019 | $0.021 | OrdinaryDividend |
Oct 31, 2019 | $0.023 | OrdinaryDividend |
Sep 30, 2019 | $0.022 | OrdinaryDividend |
Aug 30, 2019 | $0.024 | OrdinaryDividend |
Jul 31, 2019 | $0.024 | OrdinaryDividend |
Jun 28, 2019 | $0.024 | OrdinaryDividend |
Start Date
Tenure
Tenure Rank
Aug 03, 1999
22.84
22.8%
Mr. Radke is a governor and president of Viking Management and a governor of Corridor. He holds a Bachelor of Business Administration degree in Banking and Finance from the University of North Dakota and has been engaged in the securities business since 1988 as a broker and as operations manager and later as chief operating officer of an unrelated investment advisory firm. Mr. Radke founded Viking Management in September 1998 and has been a portfolio manager for years.
Start Date
Tenure
Tenure Rank
Apr 30, 2015
7.09
7.1%
Mr. Larson received Bachelor of Science degrees in finance and management from Minot State University in 2010 and joined the Integrity Viking Funds in October 2010. Initially, he served as a fund accountant and as a research analyst for certain funds advised by Viking Management. Since May 2012, Mr. Larson has served as a co-portfolio manager.
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.08 | 35.05 | 7.35 | 1.58 |
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