Viking Tax-Free for Montana I (VMTIX)
| Fund Assets | 55.55M |
| Expense Ratio | 0.73% |
| Min. Investment | $1,000 |
| Turnover | 22.82% |
| Dividend (ttm) | 0.29 |
| Dividend Yield | 3.24% |
| Dividend Growth | 7.10% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Sep 30, 2025 |
| Previous Close | 9.04 |
| YTD Return | 0.97% |
| 1-Year Return | 0.53% |
| 5-Year Return | -0.63% |
| 52-Week Low | 8.62 |
| 52-Week High | 9.21 |
| Beta (5Y) | n/a |
| Holdings | 87 |
| Inception Date | Aug 1, 2016 |
About VMTIX
Viking Tax-Free Fund for Montana Class I is a single-state municipal bond mutual fund focused on generating income that is exempt from federal and Montana state income taxes. The fund primarily invests in investment-grade municipal securities issued by Montana state and local entities, including revenue and general obligation bonds, with an emphasis on preserving capital while delivering tax-advantaged income. Its mandate targets a high level of current income consistent with prudent credit and interest rate risk management, reflecting the relatively conservative profile typical of state-specific muni strategies. By channeling capital to public projects such as infrastructure, education, and healthcare, the fund supports essential services within Montana’s economy. The portfolio’s tax-exempt structure can be particularly relevant for residents seeking state and federal tax efficiency, while its focus on municipal credit fundamentals and duration positioning aims to balance yield with stability across market cycles. The fund’s management approach and disclosures highlight ongoing evaluation of issuer credit quality, call features, and liquidity within the Montana municipal market to maintain income reliability and capital preservation.
Performance
VMTIX had a total return of 0.53% in the past year, including dividends. Since the fund's inception, the average annual return has been 1.30%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
Other Share Classes
These are alternative share classes of the same fund, from the same provider.
| Symbol | Share Class | Expense Ratio |
|---|---|---|
| VMTTX | , Class A | 0.98% |
Top 10 Holdings
26.23% of assets| Name | Symbol | Weight |
|---|---|---|
| Silver Bow County School District No 1 4.000% 07/01/2038 | SIBSCD | 3.53% |
| Montana State Board of Regents 5.000% 11/15/2042 | MTSEDU | 2.95% |
| Montana Board of Housing 4.400% 12/01/2049 | MTSSFH | 2.78% |
| Yellowstone and Carbon Counties School District No 7-70 Laurel 5.000% 07/01/2042 | YELSCD | 2.71% |
| Montana Facility Finance Authority 4.000% 01/01/2038 | MTSFIN | 2.68% |
| Montana Board of Housing 4.450% 12/01/2038 | MTSSFH | 2.64% |
| Montana Board of Housing 4.800% 12/01/2043 | MTSSFH | 2.45% |
| Lake Missoula & Sanders Counties Elementary School District No JT & 8 5.000% 07/01/2043 | LKMSCD | 2.32% |
| County of Gallatin MT Rural Improvement District No 396 4.800% 06/30/2041 | GALGEN | 2.14% |
| Flathead County School District No 44 Whitefish 5.250% 07/01/2045 | FLASCD | 2.03% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Sep 30, 2025 | $0.02509 | Oct 1, 2025 |
| Aug 29, 2025 | $0.02523 | Sep 2, 2025 |
| Jul 31, 2025 | $0.0247 | Aug 1, 2025 |
| Jun 30, 2025 | $0.02499 | Jul 1, 2025 |
| May 30, 2025 | $0.02536 | Jun 2, 2025 |
| Apr 30, 2025 | $0.02441 | May 1, 2025 |