Address And Details

120 West 45th Street, Suite 3600 , New York, NY 10036
Fund Manager Jeffrey K.Hanna
Manager Tenure 20 Years 9 Months

Strategy And Objective

The Fund objective is to provide you as high a level of current income exempt from Rhode Island state and regular Federal income taxes as is consistent with preservation of capital. Under normal circumstances, at least 80% of the Fund net assets will be invested in municipal obligations that pay interest exempt, in the opinion of bond counsel, from Rhode Island state and regular Federal income taxes, the income paid upon which will not be subject to the Federal alternative minimum tax on individuals. In general, all or almost all of these obligations are issued by the State of Rhode Island, its counties and various other local authorities; these obligations may also include certain other governmental issuers. We call these Rhode Island Obligations. These securities may include participation or other interests in municipal securities and variable rate demand notes. Some Rhode Island Obligations, such as general obligation issues, are backed by the issuer taxing authority, while other Rhode Island Obligations, such as revenue bonds, 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 weighted average maturity has traditionally been between 5 and 15 years. The Fund is classified as a non-diversified investment company under the Investment Company Act of 1940 (the 1940 Act), which means it may invest a greaterpercentage of its assets in a smaller number of issuers than a diversified fund.

Net Asset Value

as of 5:53 PM ET 09/20/2021


  • 1 Week
  • n/a
  • 1 Month
  • -0.36%
  • 3 Months
  • -0.27%
  • 1 Yr Return
  • -0.36%
  • 5 Yr Return
  • +0.64%

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 98.65%
Cash 1.60%
Stocks 0.00%
Preferred 0.00%
Convertible 0.00%
ForeignStocks 0.00%
ForeignBonds 0.00%
ForeignHedged 0.00%
Other -0.25%
Total Net Assets 2.75 M

Risk Measures

Criteria 3 Years 5 Years 10 Years
Alpha -0.54 -1.21 -1.20
Beta 0.65 0.74 0.83
R Squared 0.92 0.93 0.92
Std Deviation 2.70 2.99 3.11
Sharpe Ratio 0.76 0.15 n/a

Purchase Information

as of 5:45 PM ET 09/17/2021
Minimum Initial $1000
Minimum Additional $0
Minimum Initial IRA $0


Timeframe Average Annual Current Performance Monthly As Of 08/31/2021 Average Annual Current Performance Quarterly As Of 05/31/2021 Avg Annual Current Performance Monthly As Of 08/31/2021 Avg Annual Current Performance Quarterly As Of 05/31/2021
1 Year
  • +1.00%
  • +1.32%
+1.00% +1.32%
3 Year
  • +3.03%
  • +3.02%
+3.03% +3.02%
10 Year
  • +2.29%
  • +2.42%
+2.29% +2.42%
Life Of Fund
  • +3.23%
  • +3.25%
+3.23% +3.25%

Top 10 Holdings

Symbol Company Name % Of Assets

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