Nebraska Tax-Free Income Fund : Overview

Fund Statistics

As of September 30, 2019
Total Net Assets (Millions) $31.4
Net Asset Value (NAV) as of 11/15/19 $10.06
Expense Ratio (Gross | Net) %* 0.89 | 0.89
Sales Charges None
Redemption Charge None
Minimum Investment $2,500
Ticker Symbol WNTFX
CUSIP Number 94904P807
Fund Number 311
Inception Date October 1, 1985
Fund Manager

Morningstar Rating :

As of October 31, 2019

Morningstar Style Box :

As of October 31, 2019
Muni Single State Interm

Nebraska Tax-Free Income Fund Objective

The Nebraska Tax-Free Income Fund is a municipal bond fund that aims for a high level of current, tax-exempt income (NE and Federal) consistent with overall preservation of capital. Fund assets are invested in at least 80% tax-exempt municipal securities (or in open or closed-end mutual funds that focus on municipal securities) and no more than 20% in taxable municipal securities subject to federal alternative minimum tax.

*6 mos. ended 9/30/19
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The Morningstar RatingTM for funds, or “star rating”, is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product’s monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods. Nebraska Tax-Free Income Fund was rated against the following numbers of Muni Single State Interm funds over the following time periods: 139 funds in the last three years, 137 funds in the last five years, and 116 funds in the last ten years. Past performance is no guarantee of future results.