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Morningstar

Northern CA Intermediate Tax-Exempt NCITX

Morningstar Medalist Rating
Medalist Rating as of | See Northern Trust Investment Hub
  • NAV / 1-Day Return 9.85  /  +0.01 %
  • Total Assets 246.6 Mil
  • Adj. Expense Ratio
    0.450%
  • Expense Ratio 0.450%
  • Distribution Fee Level Below Average
  • Share Class Type No Load
  • Category Muni California Intermediate
  • Credit Quality / Interest Rate Sensitivity Medium/Moderate
  • Min. Initial Investment 2,500
  • Status Open
  • TTM Yield 2.68%
  • Effective Duration 4.51 years

USD | NAV as of Jul 26, 2024 | 1-Day Return as of Jul 26, 2024, 10:17 PM GMT+0

Morningstar’s Analysis NCITX

Will NCITX 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 NCITX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the NCITX 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 NCITX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Strength in Northern CA 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 NCITX

More NCITX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 21.6
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Northern Institutional US Government

7.55 18.6 Mil
Cash and Equivalents

BAY AREA TOLL AUTH CALIF TOLL BRDG REV 2.125%

3.20 7.9 Mil
municipal

CALIFORNIA STATEWIDE CMNTYS DEV AUTH STUDENT HSG REV 5%

2.93 7.2 Mil
municipal

BAY AREA TOLL AUTH CALIF TOLL BRDG REV 2.95%

2.79 6.9 Mil
municipal

EAST SIDE UN HIGH SCH DIST CALIF SANTA CLARA CNTY 5%

2.16 5.3 Mil
municipal

CALIFORNIA ST 5%

2.10 5.2 Mil
municipal

SAN FRANCISCO CNTY CALIF TRANSN AUTH SALES TAX REV 3%

1.96 4.8 Mil
municipal

SAN FRANCISCO CALIF CITY & CNTY 3%

1.79 4.4 Mil
municipal

CALIFORNIA ST 5%

1.71 4.2 Mil
municipal

CALIFORNIA ST 5%

1.47 3.6 Mil
municipal