ORFIX
ORFIX Resources
Fund Details

Symbol
ORFIX

Net Asset Value
$10.30 (February 22, 2012)

Expense Ratio
0.80%

Strategy
The Fund seeks high current income exempt from federal income tax and Oregon personal income tax, as is consistent with preservation of capital.

Effective Date
May 2, 2011

Where to Buy
Fidelity, Charles Schwab, E*Trade, Pershing

Minimum Investment
$10,000

Duration*
1-4 years

*Duration is a time measure of the underlying bonds in the fund’s portfolio to  interest-rate sensitivity, based on the weighted average maturity of all the cash flows in the portfolio.

 

 

Tax-Free Explained

Municipal bonds are a unique investment opportunity, not typically taxed by the IRS or by states when owned by local residents. The state of Oregon has one of the highest income tax rates in the nation, making tax-advantaged bonds an attractive option for some investors.

In order to take advantage of this, the SNW Oregon Short-Term Tax-Exempt Bond Fund (ORFIX) focuses its holdings on Municipal Bonds in Oregon. While this fund is targeted primarily towards residents of Oregon, ORFIX also offers certain federal tax advantages to all investors. Call us today at (866) 769-2773 to find out how ORFIX can help you make the most of your money.

As a non-fundamental policy, the Fund will not invest in obligations from which the income is a tax preference item under the federal alternative minimum tax. To the extent that the Fund invests in bonds that are subject to the federal income tax or state taxes, a portion of the income paid by the Fund will not be tax-free to investors.

 

Before investing, you should carefully consider the Fund’s investment objectives, risks, charges and expenses. You may obtain a prospectus with this and other information about the Fund by clicking here or calling 1-855-234-9706. The prospectus should be read carefully before investing.

The SNW Oregon Short-Term Tax-Exempt Bond Fund is distributed by BNY Mellon Distributors Inc., not an adviser affiliate.