The portfolio maintains a sizable cost advantage over competitors, priced within the second-lowest fee quintile among peers.
Northern Tax-Exempt NOTEX
- NAV / 1-Day Return 9.49 / +0.01 %
- Total Assets 738.7 Mil
-
Adj. Expense Ratio
- Expense Ratio 0.450%
- Distribution Fee Level Below Average
- Share Class Type No Load
- Category Muni National Long
- Credit Quality / Interest Rate Sensitivity Medium/Moderate
- Min. Initial Investment 2,500
- Status Open
- TTM Yield 3.52%
- Effective Duration 5.98 years
USD | NAV as of Apr 18, 2024 | 1-Day Return as of Apr 18, 2024, 10:21 PM GMT+0
Morningstar’s Analysis NOTEX
Will NOTEX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
People Pillar
Parent Pillar
- Current Portfolio Date
- Equity Holdings —
- Bond Holdings —
- Other Holdings —
- % Assets in Top 10 Holdings 10.7
Top 10 Holdings
|
% Portfolio Weight
|
Market Value USD
|
Sector
|
---|---|---|---|
Northern Institutional US Government | 2.85 | 21.3 Mil | Cash and Equivalents |
United States Treasury Notes 4% | 1.74 | 13.0 Mil | Government |
COLORADO ST CTFS PARTN 4% | 1.36 | 10.2 Mil | municipal |
KENTUCKY INC KY PUB ENERGY AUTH GAS SUPLLY REV 4% | 1.35 | 10.1 Mil | municipal |
LOUISVILLE/JEFFERSON CNTY KY METRO GOVT POLLUTION CTL REV 2% | 1.08 | 8.1 Mil | municipal |
MIAMI-DADE CNTY FLA SEAPORT REV 3% | 1.07 | 8.0 Mil | municipal |
ILLINOIS ST 3.25% | 0.90 | 6.7 Mil | municipal |
ILLINOIS ST TOLL HWY AUTH TOLL HIGHWAY REV 5% | 0.89 | 6.6 Mil | municipal |
COLORADO ST CTFS PARTN 6% | 0.81 | 6.1 Mil | municipal |
LOUISIANA LOC GOVT ENVIRONMENTAL FACS & CMNTY DEV AUTH REV 2.5% | 0.79 | 5.9 Mil | municipal |