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Morningstar

Tributary Nebraska Tax-Free Instl Plus FONPX

Morningstar Medalist Rating
Medalist Rating as of | See Tributary Investment Hub
  • NAV / 1-Day Return 9.06  /  +0.13 %
  • Total Assets 54.2 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 2.16%
  • Effective Duration 4.00 years

USD | NAV as of Jun 14, 2024 | 1-Day Return as of Jun 14, 2024, 9:41 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 Process and People 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 cost advantage over competitors, priced within the cheapest 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 16.3
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

BOYS TOWN VLG NEB REV 3%

3.10 1.7 Mil
municipal

DOUGLAS CNTY NEB HOSP AUTH NO 2 REV 4%

2.15 1.2 Mil
municipal

LOUP RIVER PUB PWR DIST NEB ELEC REV 2%

1.76 946,355
municipal

DOUGLAS CNTY NEB SCH DIST NO 001 4%

1.46 784,500
municipal

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

1.43 769,112
municipal

BlackRock Liquidity T-Fund Instl

1.39 750,440
Cash and Equivalents

DOUGLAS CNTY NEB SCH DIST NO 059 4%

1.39 750,353
municipal

DOUGLAS CNTY NEB PUB FACS CORP BLDG LEASE REV 2%

1.39 750,000
Cash and Equivalents

SARPY CNTY NEB SCH DIST NO 037 4%

1.33 718,177
municipal

DOUGLAS CNTY NEB SCH DIST NO 001 4%

1.27 686,000
municipal