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Morningstar

Northern Tax-Exempt NOTEX

Morningstar Medalist Rating
Medalist Rating as of | See Northern Trust Investment Hub
  • NAV / 1-Day Return 9.10  /  0.32 %
  • Total Assets 737.1 Mil
  • Adj. Expense Ratio
    0.450%
  • Expense Ratio 0.450%
  • Distribution Fee Level Low
  • 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 3.61%
  • Effective Duration 6.91 years

USD | NAV as of Oct 03, 2023 | 1-Day Return as of Oct 03, 2023, 10:17 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.

Process Pillar

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

People Pillar

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

Strength in Northern 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 cost advantage over competitors, priced within the lowest fee quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings NOTEX

More NOTEX Holdings
  • Current Portfolio Date
  • Equity Holdings 0
  • Bond Holdings 283
  • Other Holdings 1
  • % Assets in Top 10 Holdings 10.4
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Northern Institutional US Government

4.28
32,570,773
Cash and Equivalents

COLORADO ST CTFS PARTN 4%

1.33
10,153,391
municipal

MAIN STR NAT GAS INC GA GAS SUPPLY REV 4%

1.31
9,966,922
municipal

KENTUCKY INC KY PUB ENERGY AUTH GAS SUPLLY REV 4%

1.30
9,887,006
municipal

NEW YORK N Y CITY TRANSITIONAL FIN AUTH REV 5%

1.14
8,682,244
municipal

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

1.06
8,044,707
municipal

MIAMI-DADE CNTY FLA SEAPORT REV 3%

1.02
7,782,966
municipal

NEW YORK ST DORM AUTH ST PERS INCOME TAX REV 4%

0.90
6,838,560
municipal

COLORADO ST CTFS PARTN 6%

0.79
6,003,930
municipal

LOUISIANA LOC GOVT ENVIRONMENTAL FACS & CMNTY DEV AUTH REV 2.5%

0.78
5,895,417
municipal