About FONPX
Tributary Nebraska Tax-Free Fund Institutional Plus Class is an open-end municipal bond fund focused on delivering a high level of current income that is exempt from federal and Nebraska state income taxes, including the alternative minimum tax, while emphasizing capital preservation. The fund primarily invests at least 80% of assets in Nebraska-oriented municipal securities, applying a disciplined fixed-income philosophy that seeks to avoid permanent loss of capital and capitalize on bond market inefficiencies. It targets the Muni Single State Intermediate category, offering monthly income distributions and an expense structure designed for institutional allocations. Managed by a dedicated fixed income team, the strategy plays a niche role for investors seeking state-specific tax efficiency, particularly for Nebraska taxpayers, and serves as a portfolio ballast with generally lower correlation to equities and taxable bonds typical of high-quality municipal holdings. The Institutional Plus share class features a published net expense ratio around 0.45%, aligning costs with its mandate and scale, and provides transparent performance reporting through third-party platforms that track NAV, assets, and category context.
Fund Family Tributary Funds
Category Muni Single State Interm
Performance Rating Average
Risk Rating Average
Stock Exchange Nasdaq
Ticker Symbol FONPX
Share Class Institutional Plus Class
Index Bloomberg 1-15 Y Municipal Blend TR
FONPX had a total return of -1.66% in the past year, including dividends. Since the fund's
inception, the average annual return has been 1.41%.
