FTORX – Nomura Tax-Free Oregon A Investment Strategy | Morningstar

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Strategy

The investment seeks a high level of interest income that is exempt from both federal and state income tax for individual residents of the state of Oregon. Under normal circumstances, at least 80% of the fund's net assets (plus any borrowings for investment purposes) will be invested in municipal securities that pay interest that is exempt from federal income tax, including the federal alternative minimum tax, and any applicable state income tax for individual residents of the state of Oregon (80% policy).

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
FTOTX	Nomura Tax-Free Oregon Fund Institutional Class	Institutional	Open			May 1, 2013	$30.64M	0.630%	High	$0	$2.38M
FTORX	Nomura Tax-Free Oregon Fund Class A	Front Load	Open			May 4, 1992	$19.94M	0.880%	High	$1,000	−$2.04M

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