Nebraska Tax-Free Income Fund : Portfolio

As of June 30, 2018
Nebraska Tax-Free Income Fund

Credit Quality (a) :

1.7%
Aaa/AAA
60.8%
Aa/AA
25.0%
A/A
3.4%
Baa/BBB
0.0%
Ba/BB
0.0%
B/B
0.0%
Caa/CCC
8.5%
Non-Rated
0.6%
Cash Equivalents
100.0% Total
(a) The Fund receives credit quality ratings on underlying securities of the Portfolio when available from credit rating agencies. The Fund will use one rating for an underlying security if that is all that is provided. Ratings and portfolio credit quality may change over time. The Fund itself has not been rated by an independent rating agency.
Source: Bloomberg Analytics
Based on percentage of portfolio.

Portfolio Characteristics :

Number of Fixed Income Issuers (Including U.S. Treasury Bills, if applicable)
60
Annual Turnover
(3/31/18)
24%
5-Year Avg. Annual Turnover
(3/31/18)
16%

Fixed Income Holdings Portfolio Summary

Average Maturity
5.4 years
Average Effective Maturity
4.2 years
Average Duration
3.7 years
Average Effective Duration
3.8 years
Average Coupon
3.8%
Municipals exempt from federal and Nebraska income taxes
91.6%
Municipals subject to alternative minimum tax
5.2%
Source: Bloomberg Analytics

Maturity Distribution :

0.6%
Cash Equivalents
23.6%
Less than 1 Year
16.3%
1 - 3 Years
25.5%
3 - 5 Years
8.0%
5 - 7 Years
23.2%
7 - 10 Years
2.8%
10 Years or more
100.0% Total
Source: Bloomberg Analytics
Based on percentage of portfolio.

Duration Distribution :

24.2%
0 - 1 Years
20.4%
1 - 3 Years
22.6%
3 - 5 Years
19.5%
5 - 7 Years
13.3%
7 - 10 Years
0.0%
10 Years or more
0.0%
Common Stocks
100.0% Total
Source: Bloomberg Analytics
Based on percentage of portfolio.

Five Largest Issuers :

6.6%
Nebraska Public Power District
5.9%
Nebraska Certificates of Participation
5.6%
Omaha Public Power District
5.6%
University of Nebraska, University Revenue
5.6%
Lincoln Electric System
Based on percentage of securities.
Portfolio composition is subject to change at any time. Current and future portfolio holdings are subject to risk.

An investment in the Fund involves certain risks, such as: When interest rates rise, bond prices generally fall, and the Fund’s share price can fall. The Fund may purchase lower-rated and unrated fixed-income securities, which involve an increased possibility that the issuers of these may not be able to make payments of interest and principal. See the Fund’s Prospectus for a further discussion of risks.