Address And Details

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

Strategy And Objective

The Fund objective is to provide you as high a level of current income exempt from Utah 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 Utah state individual and regular Federal income taxes, the income paid upon which will not be subject to the Federal alternative minimum tax on individuals. These obligations are issued by the State of Utah, its counties and various other local authorities, certain other governmental issuers, and by other states and entities that do not tax interest from obligations issued by the State of Utah. These obligations also include obligations issued by other states, the interest on which is exempt, in the opinion of bond counsel or other appropriate counsel, from regular Federal income tax and, pursuant to Utah statutory authority, from Utah individual (but not corporate) income taxes. We call these obligations Utah Double-Exempt Obligations. Under normal circumstances, at least 50% of the Fund assets will consist of obligations of Utah-based issuers. Utah Double-Exempt Obligations may include participation or other interests in municipal securities and variable rate demand notes. Some Utah Double-Exempt Obligations, such as general obligation issues, are backed by the issuer taxing authority,while other Utah Double-Exempt 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's 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 greater percentage of its assets in a smaller number of issuers than a diversified fund.

Net Asset Value

as of 5:10 PM ET 09/02/2021


  • 1 Week
  • -0.09%
  • 1 Month
  • -0.65%
  • 3 Months
  • -0.09%
  • 1 Yr Return
  • -0.37%
  • 5 Yr Return
  • -0.19%

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 98.93%
Cash 0.67%
Other 0.40%
Stocks 0.00%
Preferred 0.00%
Convertible 0.00%
ForeignStocks 0.00%
ForeignBonds 0.00%
ForeignHedged 0.00%
Total Net Assets 247.95 M

Risk Measures

Criteria 3 Years 5 Years 10 Years
Alpha -0.09 -0.10 0.04
Beta 0.72 0.57 0.73
R Squared 0.95 0.59 0.74
Std Deviation 2.96 2.89 3.03
Sharpe Ratio 0.95 0.41 n/a

Purchase Information

as of 5:59 PM ET 08/26/2021
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
  • +1.45%
  • +2.05%
+1.45% +2.05%
3 Year
  • +3.82%
  • +3.83%
+3.82% +3.83%
10 Year
  • +3.57%
  • +3.83%
+3.57% +3.83%
Life Of Fund
  • +4.66%
  • +4.69%
+4.66% +4.69%

Top 10 Holdings

Symbol Company Name % Of Assets


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