Viking Tax-Free Fund for North Dakota Class A (VNDFX)

Overview

The fund described focuses on providing investors with a tax-efficient form of income by primarily investing in municipal securities that are exempt from both federal income taxes and North Dakota personal income taxes. The investment strategy emphasizes adhering to a policy where at least 80% of the fund's net assets, which can include borrowed funds for investment purposes, are allocated towards municipal securities that benefit from these tax exemptions. The commitment to focus largely on tax-exempt municipal securities is aimed at investors seeking to maximize their after-tax income, particularly targeting those who are residents of or have significant tax exposure to North Dakota. Notably, the fund operates as non-diversified, meaning it may concentrate its investments in fewer securities than diversified funds, potentially increasing risk and reward for investors.

Products and Services

• Municipal Securities Investment

  The core service offered involves investing in municipal securities that are exempt from federal income taxes and North Dakota personal income taxes. These securities are selected with the aim of providing investors with a stable source of tax-free income, suitable for those particularly concerned with tax efficiency and seeking to reduce their taxable income through investments.

• Investment in Non-Diversified Assets

  As a non-diversified fund, this service focuses on potentially higher returns by investing in a smaller selection of assets. This approach allows for significant investments in securities that the fund's management believes have the best potential for success, albeit with a higher risk due to the lack of diversification. This strategy is ideal for investors who are willing to accept higher volatility in exchange for the possibility of greater rewards.