Oklahoma Municipal Fund (OKMUX)
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) Oklahoma 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 Oklahoma personal income taxes.
Fund Info
| ISIN | US9268268276 |
|---|---|
| CUSIP | 926826827 |
| Issuer | IntegrityVikingFunds |
| Inception Date | Sep 24, 1996 |
| Category | Municipal Bonds |
| Min. Investment | $1,000 |
| Asset Class | Bond |
Expense Ratio
OKMUX 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 Oklahoma 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
Oklahoma Municipal Fund had a return of 0.91% year-to-date (YTD) and 6.46% in the last 12 months. Over the past 10 years, Oklahoma Municipal Fund had an annualized return of 1.38%, while the S&P 500 had an annualized return of 11.12%, indicating that Oklahoma Municipal Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 0.91% | 19.79% |
| 1 month | 0.72% | 2.08% |
| 6 months | 1.50% | 9.01% |
| 1 year | 6.46% | 29.79% |
| 5 years (annualized) | -0.09% | 13.85% |
| 10 years (annualized) | 1.38% | 11.12% |
Monthly Returns
The table below presents the monthly returns of OKMUX, 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 | -0.24% | -0.07% | -0.22% | -1.45% | -0.89% | 1.79% | 0.64% | 0.91% | 0.91% | ||||
| 2023 | 2.74% | -2.24% | 1.99% | -0.28% | -1.21% | 0.66% | 0.48% | -1.78% | -2.86% | -1.05% | 6.95% | 1.83% | 4.95% |
| 2022 | -2.96% | -0.49% | -3.24% | -3.00% | 1.44% | -2.03% | 2.58% | -2.47% | -4.49% | -0.89% | 4.63% | 0.09% | -10.69% |
| 2021 | 0.14% | -2.03% | 0.55% | 1.04% | 0.45% | 0.03% | 1.03% | -0.55% | -0.72% | -0.23% | 1.11% | 0.11% | 0.90% |
| 2020 | 1.26% | 1.23% | -2.31% | -1.19% | 2.74% | -0.11% | 1.32% | -0.62% | -0.04% | -0.20% | 1.39% | 0.30% | 3.73% |
| 2019 | 0.30% | 0.46% | 1.61% | 0.20% | 1.23% | 0.28% | 0.54% | 1.71% | -0.81% | -0.06% | 0.01% | 0.17% | 5.78% |
| 2018 | -1.33% | -0.25% | 0.37% | -0.41% | 0.82% | 0.11% | 0.02% | 0.12% | -0.41% | -0.49% | 1.00% | 1.00% | 0.52% |
| 2017 | 0.02% | 0.37% | 0.46% | 0.62% | 1.41% | -0.41% | 0.53% | 0.53% | -0.42% | -0.01% | -0.38% | 0.95% | 3.72% |
| 2016 | 1.04% | -0.29% | 0.63% | 0.71% | 0.29% | 1.53% | -0.23% | 0.12% | -0.64% | -0.98% | -3.43% | 1.34% | -0.02% |
| 2015 | 1.58% | -1.41% | 0.67% | -0.64% | -0.06% | -0.15% | 0.79% | 0.20% | 0.80% | 0.20% | 0.64% | 0.80% | 3.44% |
| 2014 | 1.79% | 0.91% | 0.08% | 0.92% | 1.00% | -0.04% | 0.21% | 1.15% | -0.23% | 0.45% | 0.10% | 0.57% | 7.10% |
| 2013 | 0.13% | 0.14% | -0.62% | 1.31% | -1.97% | -2.60% | -0.73% | -1.00% | 2.59% | 0.59% | -0.39% | -0.26% | -2.87% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of OKMUX is 36, 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 Oklahoma Municipal Fund (OKMUX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Oklahoma Municipal Fund granted a 2.79% dividend yield in the last twelve months. The annual payout for that period amounted to $0.30 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.30 | $0.25 | $0.20 | $0.17 | $0.21 | $0.28 | $0.28 | $0.27 | $0.28 | $0.29 | $0.30 | $0.32 |
Dividend yield | 2.79% | 2.33% | 1.85% | 1.39% | 1.73% | 2.35% | 2.41% | 2.27% | 2.44% | 2.42% | 2.56% | 2.85% |
Monthly Dividends
The table displays the monthly dividend distributions for Oklahoma 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 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.00 | $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 | $0.03 | $0.25 |
| 2022 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.20 |
| 2021 | $0.02 | $0.01 | $0.02 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.17 |
| 2020 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.21 |
| 2019 | $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 |
| 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 | $0.28 |
| 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 | $0.27 |
| 2016 | $0.02 | $0.03 | $0.03 | $0.02 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.28 |
| 2015 | $0.03 | $0.02 | $0.03 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.02 | $0.29 |
| 2014 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.30 |
| 2013 | $0.03 | $0.03 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.32 |
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 Oklahoma 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 Oklahoma Municipal Fund was 15.40%, occurring on Oct 26, 2022. The portfolio has not yet recovered.
The current Oklahoma Municipal Fund drawdown is 5.81%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -15.4% | Jul 21, 2021 | 321 | Oct 26, 2022 | — | — | — |
| -14.26% | Jan 24, 2008 | 184 | Oct 15, 2008 | 144 | May 13, 2009 | 328 |
| -9.91% | Mar 10, 2020 | 10 | Mar 23, 2020 | 95 | Aug 6, 2020 | 105 |
| -7.35% | Dec 3, 2012 | 184 | Aug 26, 2013 | 190 | May 29, 2014 | 374 |
| -6.95% | Sep 1, 2010 | 95 | Jan 14, 2011 | 81 | May 12, 2011 | 176 |
Volatility
Volatility Chart
The current Oklahoma Municipal Fund volatility is 0.42%, 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.