Maine Municipal Fund (MEMUX)
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) Maine personal income taxes. It may invest up to 30% of its net assets in U.S. territorial obligations, the interest on which is exempt from federal and Maine personal income taxes.
Fund Info
| ISIN | US9268268847 |
|---|---|
| CUSIP | 926826884 |
| Issuer | IntegrityVikingFunds |
| Inception Date | Dec 4, 1991 |
| Category | Municipal Bonds |
| Min. Investment | $1,000 |
| Asset Class | Bond |
Expense Ratio
MEMUX has a high expense ratio of 0.98%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Maine Municipal 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
Maine Municipal Fund had a return of 0.72% year-to-date (YTD) and 5.97% in the last 12 months. Over the past 10 years, Maine Municipal Fund had an annualized return of 0.84%, while the S&P 500 had an annualized return of 10.87%, indicating that Maine Municipal Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 0.72% | 18.10% |
| 1 month | 0.45% | 1.42% |
| 6 months | 1.11% | 10.08% |
| 1 year | 5.97% | 26.58% |
| 5 years (annualized) | -0.36% | 13.42% |
| 10 years (annualized) | 0.84% | 10.87% |
Monthly Returns
The table below presents the monthly returns of MEMUX, 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -0.08% | -0.21% | -0.18% | -1.22% | -0.18% | 0.87% | 0.66% | 0.66% | 0.72% | ||||
| 2023 | 2.30% | -1.91% | 1.77% | -0.32% | -0.84% | 0.52% | 0.31% | -1.17% | -2.46% | -0.78% | 5.55% | 2.45% | 5.27% |
| 2022 | -2.19% | -0.34% | -3.11% | -3.31% | 1.40% | -1.76% | 2.13% | -2.28% | -3.89% | -1.02% | 3.68% | 0.17% | -10.31% |
| 2021 | 0.06% | -1.51% | 0.62% | 0.52% | 0.06% | 0.04% | 0.60% | -0.42% | -0.42% | -0.23% | 0.32% | 0.05% | -0.33% |
| 2020 | 1.18% | 1.06% | -1.74% | -1.04% | 2.32% | -0.21% | 0.88% | -0.41% | -0.05% | -0.31% | 1.07% | 0.34% | 3.06% |
| 2019 | 0.49% | 0.37% | 0.96% | 0.11% | 0.77% | 0.29% | 0.47% | 1.02% | -0.57% | -0.02% | 0.07% | 0.17% | 4.19% |
| 2018 | -1.09% | -0.20% | 0.29% | -0.28% | 0.67% | 0.09% | 0.11% | 0.01% | -0.27% | -0.36% | 0.77% | 0.77% | 0.49% |
| 2017 | 0.02% | 0.20% | 0.28% | 0.54% | 1.21% | -0.28% | 0.46% | 0.55% | -0.46% | 0.10% | -0.54% | 0.83% | 2.94% |
| 2016 | 0.91% | -0.25% | 0.48% | 0.56% | 0.21% | 1.27% | -0.09% | 0.02% | -0.51% | -0.87% | -3.41% | 0.86% | -0.92% |
| 2015 | 1.65% | -1.41% | 0.42% | -0.51% | -0.16% | -0.15% | 0.66% | 0.11% | 0.66% | 0.39% | 0.39% | 0.66% | 2.71% |
| 2014 | 1.48% | 0.76% | 0.08% | 0.77% | 0.85% | -0.14% | 0.21% | 1.04% | -0.06% | 0.38% | 0.17% | 0.38% | 6.07% |
| 2013 | 0.05% | 0.30% | -0.41% | 1.12% | -1.55% | -1.75% | -0.70% | -1.07% | 1.82% | 0.51% | -0.33% | -0.20% | -2.24% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of MEMUX is 46, suggesting that the investment has average results relative to other mutual funds in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Maine Municipal Fund (MEMUX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Maine Municipal Fund granted a 2.69% dividend yield in the last twelve months. The annual payout for that period amounted to $0.26 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.26 | $0.23 | $0.19 | $0.18 | $0.20 | $0.24 | $0.25 | $0.24 | $0.26 | $0.28 | $0.29 | $0.30 |
Dividend yield | 2.69% | 2.35% | 1.97% | 1.71% | 1.81% | 2.23% | 2.35% | 2.24% | 2.44% | 2.47% | 2.57% | 2.78% |
Monthly Dividends
The table displays the monthly dividend distributions for Maine Municipal 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.00 | $0.18 | |||
| 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 | $0.23 |
| 2022 | $0.02 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.19 |
| 2021 | $0.02 | $0.01 | $0.02 | $0.02 | $0.02 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.18 |
| 2020 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.20 |
| 2019 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.24 |
| 2018 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.25 |
| 2017 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.24 |
| 2016 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.26 |
| 2015 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.28 |
| 2014 | $0.03 | $0.02 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.29 |
| 2013 | $0.03 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.02 | $0.03 | $0.02 | $0.03 | $0.02 | $0.03 | $0.30 |
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 Maine Municipal 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 Maine Municipal Fund was 14.48%, occurring on Oct 26, 2022. The portfolio has not yet recovered.
The current Maine Municipal Fund drawdown is 5.56%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -14.48% | Aug 6, 2021 | 309 | Oct 26, 2022 | — | — | — |
| -9.27% | Feb 1, 1994 | 210 | Nov 21, 1994 | 72 | Mar 1, 1995 | 282 |
| -9.08% | Mar 10, 2020 | 10 | Mar 23, 2020 | 184 | Dec 11, 2020 | 194 |
| -8.04% | Sep 1, 2010 | 95 | Jan 14, 2011 | 135 | Jul 29, 2011 | 230 |
| -7.22% | Jan 24, 2008 | 187 | Oct 20, 2008 | 55 | Jan 8, 2009 | 242 |
Volatility
Volatility Chart
The current Maine Municipal Fund volatility is 0.46%, 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.