Morningstar

Tributary Nebraska Tax-Free Fund Institutional Plus Class FONPX

Morningstar Medalist Rating
Medalist Rating as of | See Tributary Investment Hub
  • NAV / 1-Day Return 8.85  /  +0.68 %
  • Total Assets 53.7M
  • 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 5M
  • Status Open
  • TTM Yield 2.87%
  • Effective Duration 5.70 years

USD | NAV as of Oct 02, 2026 | 1-Day Return as of Oct 02, 2026, 12:11 AM GMT+0

Morningstar’s Analysis FONPX

Will FONPX outperform in the 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.

null Morningstar Automated Analysis

Morningstar Automated Analysis

Summary

Tributary Nebraska Tax-Free Instl Plus holds a quantitatively derived Gold Morningstar Medalist Rating. The rating reflects that it has scored particularly well on factors Morningstar research associates with future outperformance relative to category peers.

by Morningstar Automated Analysis
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 14.2
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

BlackRock Liquidity T-Fund Instl

2.63 1M
Cash and Equivalents

OMAHA PUB PWR DIST NEB ELEC REV 5.25%

2.55 1M
municipal

DOUGLAS CNTY NEB HOSP AUTH NO 2 REV 4%

2.07 1M
municipal

LOUP RIVER PUB PWR DIST NEB ELEC REV 2%

1.80 996,756
municipal

DOUGLAS CNTY NEB SCH DIST NO 001 4%

1.38 768,005
municipal

BOYS TOWN VLG NEB REV 5.25%

1.31 726,268
municipal

SARPY CNTY NEB SCH DIST NO 037 4%

1.27 705,204
municipal

DOUGLAS CNTY NEB SCH DIST NO 059 3%

1.22 675,450
municipal

DOUGLAS CNTY NEB SCH DIST NO 001 4%

1.20 664,976
municipal

DOUGLAS CNTY NEB SCH DIST NO 001 3.125%

1.08 596,889
municipal

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