Morningstar

Northern Arizona Tax-Exempt Fund NOAZX

Morningstar Medalist Rating
Medalist Rating as of | See Northern Trust Investment Hub
  • NAV / 1-Day Return 9.59  /  −0.10 %
  • Total Assets 53.9M
  • Adj. Expense Ratio
    0.480%
  • Expense Ratio 0.470%
  • Distribution Fee Level Average
  • Share Class Type No Load
  • Category Muni Single State Interm
  • Credit Quality / Interest Rate Sensitivity Medium/Moderate
  • Min. Initial Investment 2,500
  • Status Open
  • TTM Yield 3.43%
  • Effective Duration 6.39 years

USD | NAV as of Jun 06, 2026 | 1-Day Return as of Jun 06, 2026, 4:50 AM GMT+0

Morningstar’s Analysis NOAZX

Will NOAZX outperform in the 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 NOAZX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

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

null Morningstar Automated Analysis

Morningstar Automated Analysis

Summary

Northern AZ Tax-Exempt holds a quantitatively derived Neutral Morningstar Medalist Rating. The rating suggests the model does not express a clear expectation of outperformance or underperformance relative to peers over a full market cycle.

by Morningstar Automated Analysis
Rated on Published on

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Portfolio Holdings NOAZX

More NOAZX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 20.3
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

MARICOPA CNTY ARIZ INDL DEV AUTH EDL FACS REV 5%

2.46 1M
municipal

MARICOPA CNTY ARIZ INDL DEV AUTH REV 5%

2.34 1M
municipal

GLENDALE ARIZ SR EXCISE TAX REV 5%

2.07 1M
municipal

SALT VERDE FINL CORP GAS REV ARIZ 5%

1.96 1M
municipal

PINAL CNTY ARIZ REV OBLIGS 5.25%

1.96 1M
municipal

PHOENIX ARIZ CIVIC IMPT CORP ARPT REV 5%

1.92 1M
municipal

PHOENIX ARIZ CIVIC IMPT CORP ARPT REV 5%

1.91 1M
municipal

QUEEN CREEK ARIZ EXCISE TAX & ST SHARED REV 5%

1.90 1M
municipal

MARICOPA CNTY ARIZ INDL DEV AUTH HOSP REV 5%

1.90 1M
municipal

MARICOPA CNTY ARIZ ELEM SCH DIST NO 33 BUCKEYE 5%

1.90 1M
municipal

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