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Address And Details

120 West 45th Street, Suite 3600 , New York, NY 10036
Fund Manager Team Managed
Manager Tenure

Strategy And Objective

The Fund's objective is to provide you as high a level of current income exempt from Kentucky state and regular Federal income taxes as is consistent with preservation of capital. Under normal circumstances, at least 80% of the Fund's net assets will be invested in municipal obligations that pay interest exempt, in the opinion of bond counsel, from Kentucky income and regular Federal income taxes, the income paid upon which will not be subject to the Federal alternative minimum tax on individuals. In general, almost all of these obligations are issued by the Commonwealth of Kentucky, its counties and various other local authorities; these obligations may also include certain other governmental issuers. We call these "Kentucky Obligations." These securities may include participation or other interests in municipal securities and variable rate demand notes. A significant portion of the Kentucky Obligations in which the Fund invests consist of revenue bonds, which are backed only by revenues from certain facilities or other sources and not by the issuer itself. These obligations can be of any maturity, but the Fund's weighted average maturity has traditionally been between 5 and 15 years.

Net Asset Value

as of 5:51 PM ET 11/30/2021


  • 1 Week
  • n/a
  • 1 Month
  • +0.37%
  • 3 Months
  • -0.64%
  • 1 Yr Return
  • -0.64%
  • 5 Yr Return
  • +4.02%

Equity Sector Breakdown

ConsumerDurables n/a
Energy n/a
Finance n/a
Health n/a
IndustrialCyclical n/a
NonDurables n/a
RetailTrade n/a
Services n/a
Technology n/a
Utilities n/a

Asset Allocation

Asset Type % Of Allocation
Bonds 95.73%
Cash 3.11%
Other 1.15%
Stocks 0.00%
Preferred 0.00%
Convertible 0.00%
ForeignStocks 0.00%
ForeignBonds 0.00%
ForeignHedged 0.00%
Total Net Assets 134.34 M

Risk Measures

Criteria 3 Years 5 Years 10 Years
Alpha 0.04 -0.28 -0.19
Beta 0.68 0.71 0.75
R Squared 0.89 0.92 0.85
Std Deviation 2.88 2.85 2.92
Sharpe Ratio 1.03 0.49 n/a

Purchase Information

as of 5:17 PM ET 11/26/2021
Minimum Initial $1000
Minimum Additional $0
Minimum Initial IRA $0


Timeframe Average Annual Current Performance Monthly As Of 11/30/2021 Average Annual Current Performance Quarterly As Of 09/30/2021 Avg Annual Current Performance Monthly As Of 11/30/2021 Avg Annual Current Performance Quarterly As Of 09/30/2021
1 Year
  • +1.36%
  • +1.57%
+1.36% +1.57%
3 Year
  • +3.72%
  • +3.72%
+3.72% +3.72%
10 Year
  • +2.92%
  • +2.90%
+2.92% +2.90%
Life Of Fund
  • +4.93%
  • +4.94%
+4.93% +4.94%

Top 10 Holdings

Symbol Company Name % Of Assets


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