Tributary Nebraska Tax-Free Fund (FONPX)
Under normal market conditions, the fund invests not less than 80% of its assets (defined as net assets plus borrowings for investment purposes), in municipal securities that generate income exempt from Nebraska state income tax and federal income tax, including the alternative minimum tax. The fund will not invest more than 10% of its assets in the types of municipal securities that pay interest subject to alternative minimum tax. It is non-diversified.
Fund Info
US89609H8869
89609H886
Dec 30, 2015
$5,000,000
Expense Ratio
FONPX features an expense ratio of 0.45%, falling within the medium range.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Tributary Nebraska Tax-Free Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Tributary Nebraska Tax-Free Fund had a return of 0.64% year-to-date (YTD) and 1.69% in the last 12 months.
FONPX
0.64%
0.97%
0.48%
1.69%
0.35%
N/A
^GSPC (Benchmark)
4.22%
2.22%
9.51%
22.46%
12.74%
11.29%
Monthly Returns
The table below presents the monthly returns of FONPX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 0.64% | 0.64% | |||||||||||
| 2024 | -0.36% | 0.05% | -0.25% | -1.14% | -1.03% | 1.53% | 0.96% | 1.18% | 0.84% | -1.44% | 1.29% | -1.11% | 0.46% |
| 2023 | 2.38% | -2.21% | 2.22% | -0.49% | -1.26% | 0.83% | 0.18% | -1.15% | -2.63% | -0.85% | 5.40% | 2.16% | 4.39% |
| 2022 | -2.31% | -0.30% | -2.37% | -2.67% | 1.69% | -0.86% | 2.24% | -2.13% | -3.28% | -0.53% | 4.07% | 0.38% | -6.17% |
| 2021 | 0.04% | -1.29% | 0.35% | 0.54% | 0.04% | 0.13% | 0.64% | -0.27% | -0.59% | -0.17% | 0.43% | -0.07% | -0.25% |
| 2020 | 1.40% | 0.76% | -1.66% | -0.27% | 2.74% | -0.17% | 0.95% | -0.36% | 0.23% | -0.26% | 0.85% | 0.24% | 4.46% |
| 2019 | 0.82% | 0.36% | 1.02% | 0.17% | 0.98% | 0.39% | 0.61% | 1.01% | -0.56% | 0.17% | 0.16% | 0.27% | 5.52% |
| 2018 | -0.75% | -0.38% | 0.29% | -0.46% | 0.92% | 0.07% | 0.29% | 0.08% | -0.47% | -0.56% | 1.14% | 1.14% | 1.29% |
| 2017 | 0.37% | 0.56% | 0.18% | 0.68% | 1.10% | -0.35% | 0.48% | 0.48% | -0.45% | 0.18% | -0.66% | 0.70% | 3.31% |
| 2016 | 0.89% | 0.18% | 0.19% | 0.37% | -0.03% | 1.07% | 0.07% | 0.07% | -0.34% | -0.53% | -2.97% | 0.80% | -0.29% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of FONPX is 21, meaning it’s performing worse than 79% of other mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Tributary Nebraska Tax-Free Fund (FONPX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Tributary Nebraska Tax-Free Fund provided a 2.21% dividend yield over the last twelve months, with an annual payout of $0.20 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.20 | $0.20 | $0.19 | $0.16 | $0.16 | $0.17 | $0.25 | $0.32 | $0.32 | $0.33 |
Dividend yield | 2.21% | 2.21% | 2.06% | 1.81% | 1.58% | 1.71% | 2.53% | 3.36% | 3.27% | 3.42% |
Monthly Dividends
The table displays the monthly dividend distributions for Tributary Nebraska Tax-Free Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.02 | $0.00 | $0.02 | ||||||||||
| 2024 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.20 |
| 2023 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.19 |
| 2022 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.16 |
| 2021 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.16 |
| 2020 | $0.02 | $0.02 | $0.02 | $0.01 | $0.02 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.17 |
| 2019 | $0.03 | $0.02 | $0.03 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.25 |
| 2018 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.32 |
| 2017 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.32 |
| 2016 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.33 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the Tributary Nebraska Tax-Free Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Tributary Nebraska Tax-Free Fund was 11.03%, occurring on Oct 25, 2022. The portfolio has not yet recovered.
The current Tributary Nebraska Tax-Free Fund drawdown is 1.64%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -11.03% | Aug 6, 2021 | 308 | Oct 25, 2022 | — | — | — |
| -9.61% | Mar 10, 2020 | 9 | Mar 20, 2020 | 77 | Jul 10, 2020 | 86 |
| -4.11% | Sep 2, 2016 | 63 | Dec 1, 2016 | 167 | Aug 2, 2017 | 230 |
| -1.91% | Sep 11, 2017 | 157 | Apr 25, 2018 | 155 | Dec 4, 2018 | 312 |
| -1.7% | Feb 16, 2021 | 8 | Feb 25, 2021 | 99 | Jul 19, 2021 | 107 |
Volatility
Volatility Chart
The current Tributary Nebraska Tax-Free Fund volatility is 0.93%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.