Morningstar

Tributary Nebraska Tax-Free Instl Plus FONPX

Morningstar Medalist Rating
Medalist Rating as of | See Tributary Investment Hub
  • NAV / 1-Day Return 9.27  /  +0.01 %
  • Total Assets 54.1 Mil
  • Adj. Expense Ratio
    0.450%
  • Expense Ratio 0.450%
  • Distribution Fee Level Below Average
  • Share Class Type Institutional
  • Category Muni Single State Interm
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 5.0 Mil
  • Status Open
  • TTM Yield 2.13%
  • Effective Duration 4.00 years

USD | NAV as of Oct 02, 2024 | 1-Day Return as of Oct 02, 2024, 9:40 PM GMT+0

Morningstar’s Analysis FONPX

Will FONPX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable FONPX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the FONPX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of FONPX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Tributary Nebraska Tax-Free Instl Plus boasts strong People and Process Pillar ratings, but other weaknesses hold this strategy's Morningstar Medalist Rating at Neutral.

null Morningstar Manager Research

Morningstar Manager Research

Summary

The portfolio maintains a sizable cost advantage over competitors, priced within the least expensive fee quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings FONPX

More FONPX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 15.5
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

DOUGLAS CNTY NEB HOSP AUTH NO 2 REV 4%

2.17 1.2 Mil
municipal

OMAHA PUB PWR DIST NEB ELEC REV 5.25%

1.85 988,868
municipal

LOUP RIVER PUB PWR DIST NEB ELEC REV 2%

1.83 973,764
municipal

DOUGLAS CNTY NEB SCH DIST NO 001 4%

1.48 787,108
municipal

PAPILLION-LA VISTA NEB SCH DIST NO 27 SARPY CNTY 4%

1.46 779,059
municipal

DOUGLAS CNTY NEB SCH DIST NO 059 4%

1.41 750,673
municipal

SARPY CNTY NEB SCH DIST NO 037 4%

1.35 719,102
municipal

BOYS TOWN VLG NEB REV 3%

1.32 703,536
municipal

DOUGLAS CNTY NEB SCH DIST NO 001 4%

1.31 700,006
municipal

DOUGLAS CNTY NEB SCH DIST NO 059 3%

1.29 688,383
municipal

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