VNDIX Performance — Viking Tax-Free Fund for North Dakota, Class I
Data updated: 2026-10-13
VNDIX returned +0.78% year to date and +6.37% over one year to Jul 2026. Annualised returns are +1.74% over 3 years and −1.17% over 5 years. The fund trailed its Long-Term Municipal Bond category average: $100 invested three years ago grew to $105, against $110 for the category, and to $106 over one year, against $106. Volatility over the past three years was 6.39% a year. In the 12 months to Jul 2026 the fund took in a net $1.7M, and assets reached $18.93M.
VNDIX Growth of $100
What $100 invested in Viking Tax-Free Fund for North Dakota grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Long-Term Municipal Bond category average over the same months.
| Period | VNDIX | Category average |
|---|---|---|
| 1 year (Aug 2025 – Jul 2026) | $106 | $106 |
| 3 years (Aug 2023 – Jul 2026) | $105 | $110 |
| 5 years (Aug 2021 – Jul 2026) | $94 | $101 |
| Since data start (Feb 2020 – Jul 2026) | $97 | $106 |
VNDIX Trailing Returns
Total returns to Jul 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +0.78% |
| 1 year | +6.37% |
| 3 years (annualised) | +1.74% |
| 5 years (annualised) | −1.17% |
VNDIX Annual Returns
Calendar-year total returns of Viking Tax-Free Fund for North Dakota, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jul) | +0.78% |
| 2025 | +3.27% |
| 2024 | −1.73% |
| 2023 | +4.88% |
| 2022 | −11.91% |
| 2021 | +0.67% |
| 2020 (Feb–Dec) | +2.03% |
VNDIX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +1.0% | +1.1% | −1.8% | +1.4% | +0.3% | +0.7% | −1.8% | — | — | — | — | — |
| 2025 | +0.3% | +0.7% | −2.2% | −0.5% | −0.3% | +0.4% | −0.5% | +0.9% | +2.5% | +1.5% | +0.4% | +0.2% |
| 2024 | −0.3% | −0.2% | −0.1% | −1.5% | −0.9% | +1.4% | +0.3% | +0.6% | +0.7% | −1.9% | +1.9% | −1.6% |
| 2023 | +2.8% | −2.3% | +2.2% | −0.4% | −1.3% | +0.7% | +0.3% | −1.9% | −3.5% | −0.9% | +7.5% | +2.0% |
| 2022 | −2.2% | −0.4% | −2.9% | −2.9% | +1.6% | −1.8% | +2.2% | −2.4% | −4.8% | −4.8% | +6.0% | +0.2% |
| 2021 | +0.2% | −1.4% | +0.6% | +0.7% | +0.4% | 0.0% | +0.5% | −0.3% | −0.6% | −0.2% | +0.9% | 0.0% |
| 2020 | — | +1.0% | −1.7% | −1.1% | +2.1% | 0.0% | +0.9% | −0.3% | −0.1% | −0.1% | +1.1% | +0.4% |
VNDIX Risk
Risk measures from monthly returns over Aug 2023 – Jul 2026.
- 3-year volatility (annualised): 6.39%
- 3-year Sharpe ratio: -0.43 (vs 4.5% risk-free rate)
- Best month: +7.55% (Nov 2023)
- Worst month: −3.47% (Sep 2023)
VNDIX Fund Flows
Monthly money in and out of Viking Tax-Free Fund for North Dakota, from SEC Form N-PORT.
- 12-month net flow: $1.7M
- 12-month gross sales (incl. reinvestments): $4.0M
- Sales ÷ redemptions: 1.77×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jul 2026 | $226K | $126K | $100K |
| Jun 2026 | $46K | $85K | −$39K |
| May 2026 | $143K | $85K | $57K |
| Apr 2026 | $48K | $118K | −$70K |
| Mar 2026 | $367K | $20K | $347K |
| Feb 2026 | $46K | $220K | −$174K |
| Jan 2026 | $96K | $322K | −$226K |
| Dec 2025 | $95K | $115K | −$20K |
| Nov 2025 | $47K | $74K | −$27K |
| Oct 2025 | $78K | $229K | −$152K |
| Sep 2025 | $194K | $83K | $110K |
| Aug 2025 | $2.6M | $755K | $1.8M |
VNDIX Assets Under Management
Net assets of Viking Tax-Free Fund for North Dakota by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-07-31 | $18.93M |
| 2026-04-30 | $19.10M |
| 2026-01-30 | $19.05M |
| 2025-10-31 | $19.18M |
| 2025-07-31 | $16.66M |
| 2025-04-30 | $17.04M |
| 2025-01-31 | $18.23M |
| 2024-10-31 | $18.63M |
| 2024-07-31 | $20.59M |
| 2024-04-30 | $21.02M |
| 2024-01-31 | $21.99M |
| 2023-10-31 | $21.14M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.