Viking Tax-Free Fund for North Dakota (VNDFX)
The investment seeks the highest level of current income that is exempt from federal and North Dakota personal income taxes and is consistent with preservation of capital. 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. It is non-diversified.
Fund Info
| ISIN | US9268262071 |
|---|---|
| CUSIP | 926826207 |
| Issuer | IntegrityVikingFunds |
| Inception Date | Aug 2, 1999 |
| Category | Municipal Bonds |
| Min. Investment | $1,000 |
| Asset Class | Bond |
Expense Ratio
VNDFX 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 Viking Tax-Free Fund for North Dakota, 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
Viking Tax-Free Fund for North Dakota had a return of -0.56% year-to-date (YTD) and 5.32% in the last 12 months. Over the past 10 years, Viking Tax-Free Fund for North Dakota had an annualized return of 1.03%, while the S&P 500 had an annualized return of 11.12%, indicating that Viking Tax-Free Fund for North Dakota did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | -0.56% | 19.79% |
| 1 month | 0.47% | 2.08% |
| 6 months | 0.10% | 9.01% |
| 1 year | 5.32% | 29.79% |
| 5 years (annualized) | -0.51% | 13.85% |
| 10 years (annualized) | 1.03% | 11.12% |
Monthly Returns
The table below presents the monthly returns of VNDFX, 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 | -0.43% | -0.12% | -0.11% | -1.52% | -0.99% | 1.48% | 0.25% | 0.58% | -0.56% | ||||
| 2023 | 2.70% | -2.32% | 2.27% | -0.47% | -1.33% | 0.53% | 0.42% | -2.00% | -3.38% | -1.05% | 7.54% | 2.10% | 4.64% |
| 2022 | -2.22% | -0.28% | -2.88% | -2.87% | 1.54% | -1.84% | 2.20% | -2.36% | -4.91% | -1.30% | 4.67% | 0.28% | -9.90% |
| 2021 | 0.16% | -1.30% | 0.55% | 0.54% | 0.34% | 0.04% | 0.52% | -0.45% | -0.55% | -0.25% | 0.82% | 0.02% | 0.43% |
| 2020 | 1.17% | 0.95% | -1.72% | -1.18% | 2.15% | -0.12% | 0.94% | -0.42% | -0.03% | -0.11% | 0.94% | 0.35% | 2.90% |
| 2019 | 0.42% | 0.40% | 1.12% | 0.22% | 0.91% | 0.41% | 0.41% | 1.18% | -0.57% | 0.01% | 0.18% | 0.10% | 4.90% |
| 2018 | -1.04% | -0.20% | 0.22% | -0.19% | 0.61% | 0.01% | 0.22% | 0.12% | -0.29% | -0.48% | 1.02% | 0.72% | 0.69% |
| 2017 | 0.31% | 0.41% | 0.31% | 0.59% | 1.00% | -0.38% | 0.49% | 0.59% | -0.58% | 0.03% | -0.48% | 0.78% | 3.13% |
| 2016 | 0.98% | 0.03% | 0.40% | 0.49% | 0.11% | 1.25% | 0.02% | 0.12% | -0.36% | -0.74% | -3.22% | 0.91% | -0.08% |
| 2015 | 1.56% | -1.13% | 0.44% | -0.07% | -0.17% | -0.06% | 0.71% | 0.21% | 0.80% | 0.12% | 0.31% | 0.70% | 3.45% |
| 2014 | 1.89% | 1.12% | -0.13% | 1.12% | 1.02% | -0.26% | 0.33% | 1.21% | -0.07% | 0.42% | 0.20% | 0.42% | 7.50% |
| 2013 | 0.12% | 0.31% | -0.53% | 1.36% | -1.94% | -2.26% | -0.56% | -1.64% | 1.75% | 0.64% | -0.65% | -0.33% | -3.75% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of VNDFX is 21, indicating that it is in the bottom 21% of mutual funds on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Viking Tax-Free Fund for North Dakota (VNDFX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Viking Tax-Free Fund for North Dakota granted a 2.70% dividend yield in the last twelve months. The annual payout for that period amounted to $0.24 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.24 | $0.21 | $0.17 | $0.17 | $0.22 | $0.26 | $0.26 | $0.26 | $0.27 | $0.27 | $0.29 | $0.29 |
Dividend yield | 2.70% | 2.29% | 1.85% | 1.70% | 2.07% | 2.51% | 2.55% | 2.49% | 2.61% | 2.61% | 2.77% | 2.88% |
Monthly Dividends
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.
| 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 | $0.17 | |||
| 2023 | $0.02 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.21 |
| 2022 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.01 | $0.02 | $0.01 | $0.02 | $0.17 |
| 2021 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $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 | $0.22 |
| 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 | $0.26 |
| 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 | $0.26 |
| 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 | $0.26 |
| 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 | $0.27 |
| 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 | $0.27 |
| 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 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 | $0.02 | $0.03 | $0.29 |
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 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 6.69%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -14.8% | Jul 21, 2021 | 321 | Oct 26, 2022 | — | — | — |
| -10.84% | Sep 10, 2008 | 30 | Oct 21, 2008 | 140 | May 13, 2009 | 170 |
| -8.92% | Mar 10, 2020 | 10 | Mar 23, 2020 | 182 | Dec 9, 2020 | 192 |
| -7.46% | Dec 3, 2012 | 194 | Sep 10, 2013 | 230 | Aug 8, 2014 | 424 |
| -6.85% | Sep 1, 2010 | 95 | Jan 14, 2011 | 122 | Jul 12, 2011 | 217 |
Volatility
Volatility Chart
The current Viking Tax-Free Fund for North Dakota volatility is 0.40%, 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.