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Morningstar

Northern Intermediate Tax-Exempt NOITX

Morningstar Medalist Rating
Medalist Rating as of | See Northern Trust Investment Hub
  • NAV / 1-Day Return 9.70  /  −0.09 %
  • Total Assets 1.2 Bil
  • Adj. Expense Ratio
    0.450%
  • Expense Ratio 0.450%
  • Distribution Fee Level Below Average
  • Share Class Type No Load
  • Category Muni National Interm
  • Credit Quality / Interest Rate Sensitivity Medium/Limited
  • Min. Initial Investment 2,500
  • Status Open
  • TTM Yield 2.87%
  • Effective Duration 4.47 years

USD | NAV as of Apr 18, 2024 | 1-Day Return as of Apr 18, 2024, 10:21 PM GMT+0

Morningstar’s Analysis NOITX

Will NOITX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable NOITX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the NOITX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of NOITX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Strength in Northern Intermediate Tax-Exempt's Process Pillar is partially offset by an Average People Pillar rating, leading to a Morningstar Medalist Rating of Neutral.

null Morningstar Manager Research

Morningstar Manager Research

Summary

The portfolio maintains a sizable cost advantage over competitors, priced within the second-cheapest fee quintile among peers.

by Morningstar Manager Research
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Portfolio Holdings NOITX

More NOITX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 11.8
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

KENTUCKY INC KY PUB ENERGY AUTH GAS SUPLLY REV 4%

1.98 24.7 Mil
municipal

United States Treasury Notes 4%

1.70 21.2 Mil
Government

KENTUCKY INC KY PUB ENERGY AUTH GAS SUPLLY REV 4%

1.21 15.1 Mil
municipal

MISSOURI ST HWYS & TRANS COMMN ST RD REV 5%

1.07 13.4 Mil
municipal

CARLSBAD CALIF UNI SCH DIST 0.00001%

1.07 13.4 Mil
municipal

ARIZONA ST TRANSN BRD HWY REV 5%

0.96 12.0 Mil
municipal

HONOLULU HAWAII CITY & CNTY WASTEWTR SYS REV 5%

0.96 12.0 Mil
municipal

LOUISVILLE/JEFFERSON CNTY KY METRO GOVT POLLUTION CTL REV 2%

0.94 11.8 Mil
municipal

DENVER COLO CITY & CNTY ARPT REV 5.5%

0.93 11.6 Mil
municipal

SPOKANE CNTY WASH SCH DIST NO 081 SPOKANE 4.5%

0.93 11.6 Mil
municipal