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Address And Details

333 West Wacker Drive , Chicago, IL 60606
Fund Manager Daniel J. Close
Manager Tenure 14 Years 8 Months

Strategy And Objective

The investment objective of the Fund is to provide you with as high a level of current interest income exempt from regular federal, Kentucky state and, in some cases, Kentucky local income taxes as is consistent with preservation of capital. Under normal market conditions, the Fund invests at least 80% of the sum of its net assets and the amount of any borrowings for investment purposes in municipal bonds that pay interest that is exempt from regular federal and Kentucky personal income tax. These municipal bonds include obligations issued by the State of Kentucky and its subdivisions, authorities, instrumentalities and corporations, as well as obligations issued by U.S. territories (such as Puerto Rico, the U.S. Virgin Islands and Guam) or other U.S. states that pay interest that is exempt from regular federal and Kentucky personal income tax. The Fund may invest up to 20% of its net assets in municipal bonds that are exempt from regular federal income tax, but not from Kentucky personal income tax if, in the judgment of the Fund s sub-adviser, such purchases are expected to enhance the Fund's after- tax total return potential. The Fund may invest without limit in securities that generate income subject to the alternative minimum tax. The Fund will generally maintain, under normal market conditions, an investment portfolio with an overall weighted average maturity in excess of 10 years.

Net Asset Value

as of 5:06 PM ET 11/26/2021


  • 1 Week
  • +0.09%
  • 1 Month
  • +0.72%
  • 3 Months
  • -0.71%
  • 1 Yr Return
  • +0.09%
  • 5 Yr Return
  • +3.33%

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 102.56%
Stocks 0.00%
Cash 0.00%
Preferred 0.00%
Convertible 0.00%
ForeignStocks 0.00%
ForeignBonds 0.00%
ForeignHedged 0.00%
Other -2.56%
Total Net Assets 279.31 M

Risk Measures

Criteria 3 Years 5 Years 10 Years
Alpha -0.17 -0.33 -0.30
Beta 0.97 0.91 0.96
R Squared 0.95 0.95 0.96
Std Deviation 3.95 3.63 3.55
Sharpe Ratio 1.01 0.51 n/a

Purchase Information

as of 5:12 PM ET 11/23/2021
Minimum Initial $3000
Minimum Additional $100
Minimum Initial IRA $0


Timeframe Average Annual Current Performance Monthly As Of 10/31/2021 Average Annual Current Performance Quarterly As Of 09/30/2021 Avg Annual Current Performance Monthly As Of 10/31/2021 Avg Annual Current Performance Quarterly As Of 09/30/2021
1 Year
  • +3.25%
  • +3.17%
+3.25% +3.17%
3 Year
  • +4.94%
  • +4.76%
+4.94% +4.76%
10 Year
  • +3.56%
  • +3.54%
+3.56% +3.54%
Life Of Fund
  • +5.42%
  • +5.43%
+5.42% +5.43%

Top 10 Holdings

Symbol Company Name % Of Assets

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