Viking Tax-Free Fund for North Dakota (VNDFX)

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Viking Tax-Free Fund for North Dakota (VNDFX) is up 2.0% since the beginning of the year. VNDFX is currently trading at $9 per share. Investors who bought $1,000 worth of VNDFX shares 5 years ago would now be looking at an investment worth $972.

Viking Tax-Free Fund for North Dakota (VNDFX) has returned 1.97% so far this year and 7.33% over the past 12 months. Over the last ten years, VNDFX has returned 0.64% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.

Based on dividend-adjusted daily data since Aug 3, 1999, VNDFX's average daily return is +0.01%, while the average monthly return is +0.16%. At this rate, an investment would double in approximately 36.1 years.

Historically, 60% of months were positive and 40% were negative. The best month was Nov 2023 with a return of +7.8%, while the worst month was Sep 2022 at -5.1%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 5 months.

On a daily basis, VNDFX closed higher 32% of trading days. The best single day was Jan 10, 2008 with a return of +8.0%, while the worst single day was Jan 9, 2008 at -7.0%.

Viking Tax-Free Fund for North Dakota has an annualized alpha of 1.99%, beta of -0.01, and R2 of 0.00 versus S&P 500 Index. Calculated based on daily prices since August 03, 1999.

• This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (8.19%) than losses (3.52%) - typical of diversified or defensive assets.
• Beta of -0.01 may look defensive, but with R2 of 0.00 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
• R2 of 0.00 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

VNDFX has a high expense ratio of 0.98%, indicating above-average management fees.

VNDFX ranks 82 for risk / return — in the top 82% of mutual funds on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.

Viking Tax-Free Fund for North Dakota provided a 3.00% dividend yield over the last twelve months, with an annual payout of $0.27 per share. The fund has been increasing its distributions for 3 consecutive years.

The table displays the monthly dividend distributions for Viking Tax-Free Fund for North Dakota. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

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.

The table below displays the maximum drawdowns of the Viking Tax-Free Fund for North Dakota. 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 Viking Tax-Free Fund for North Dakota was 14.80%, occurring on Oct 26, 2022. The portfolio has not yet recovered.

The current Viking Tax-Free Fund for North Dakota drawdown is 3.34%.

The chart below shows the rolling one-month volatility.