Morningstar

Northern Limited Term Tax-Exempt Fund NSITX

Morningstar Medalist Rating
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Medalist Rating as of See Northern Trust Investment Hub
  • NAV / 1-Day Return $9.85  /  +0.41 %
  • Fund Size $300.8M
  • Adjusted Expense Ratio 0.450%
  • Net Expense Ratio 0.450%
  • Fee Level: Distribution Average
  • Share Class Type No Load
  • Morningstar Category Muni National Short
  • Fixed-Income Style Box (Funds) Medium/Limited
  • Minimum Initial Investment $2,500
  • Investment Status Open
  • TTM Yield 2.73%
  • Average Effective Duration 2.80 yrs
NAV and 1-Day Return as of

Morningstar’s Analysis NSITX

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

  • People Pillar

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

null Morningstar Automated Analysis

Morningstar Automated Analysis

Summary

Northern Limited Term 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
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Portfolio Holdings NSITX

More NSITX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 12.2
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Northern Institutional US Government

1.89 6M
Cash and Equivalents

TULSA OKLA 3%

1.57 5M
municipal

DAVIS CNTY UTAH SCH DIST 3%

1.32 4M
municipal

ARAPAHOE CNTY COLO SCH DIST NO 006 LITTLETON 5.5%

1.29 4M
municipal

MICHIGAN FIN AUTH REV 5%

1.28 4M
municipal

COLORADO HEALTH FACS AUTH REV 5%

1.25 4M
municipal

CHICAGO ILL WTR REV 5%

1.22 4M
municipal

SAN ANTONIO TEX ELEC & GAS REV 1.125%

1.16 3M
municipal

METROPOLITAN WASH D C ARPTS AUTH ARPT SYS REV 5%

1.07 3M
municipal

SAN ANTONIO TEX ELEC & GAS REV 5%

1.04 3M
municipal

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