Skip to Content
Morningstar

Northern AZ Tax-Exempt NOAZX

Morningstar Medalist Rating
Medalist Rating as of | See Northern Trust Investment Hub
  • NAV / 1-Day Return 9.58  /  +0.03 %
  • Total Assets 62.2 Mil
  • Adj. Expense Ratio
    0.460%
  • Expense Ratio 0.460%
  • Distribution Fee Level Below 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 3.29%
  • Effective Duration 5.71 years

USD | NAV as of Apr 20, 2024 | 1-Day Return as of Apr 20, 2024, 12:21 AM GMT+0

Morningstar’s Analysis NOAZX

Will NOAZX 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 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.

Northern AZ Tax-Exempt's Average Process Pillar and People Pillar ratings result in 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 cheapest fee quintile among peers.

by Morningstar Manager Research
Rated on Published on

Unlock our full analysis with Morningstar Investor

Portfolio Holdings NOAZX

More NOAZX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 35.2
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

MARICOPA CNTY ARIZ INDL DEV AUTH HOSP REV 5%

6.61 4.2 Mil
municipal

PHOENIX ARIZ CIVIC IMPT CORP WTR SYS REV 5%

4.91 3.1 Mil
municipal

QUEEN CREEK ARIZ EXCISE TAX & ST SHARED REV 5%

4.03 2.5 Mil
municipal

MARICOPA CNTY ARIZ SPL HEALTH CARE DIST 4%

4.01 2.5 Mil
municipal

YAVAPAI CNTY ARIZ INDL DEV AUTH HOSP FAC REV 3.125%

3.08 1.9 Mil
municipal

SCOTTSDALE ARIZ MUN PPTY CORP EXCISE TAX REV 5%

2.93 1.8 Mil
municipal

BULLHEAD CITY ARIZ EXCISE TAXES REV 2.7%

2.76 1.7 Mil
municipal

PHOENIX ARIZ CIVIC IMPT CORP ARPT REV 5%

2.62 1.6 Mil
municipal

MARICOPA CNTY ARIZ INDL DEV AUTH EDL FACS REV 5%

2.19 1.4 Mil
municipal

MARICOPA CNTY ARIZ INDL DEV AUTH REV 5%

2.05 1.3 Mil
municipal