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Morningstar

Northern Limited Term Tax-Exempt NSITX

Morningstar Medalist Rating
Medalist Rating as of | See Northern Trust Investment Hub
  • NAV / 1-Day Return 9.83  /  +0.01 %
  • Total Assets 419.9 Mil
  • Adj. Expense Ratio
    0.450%
  • Expense Ratio 0.450%
  • Distribution Fee Level Below Average
  • Share Class Type No Load
  • Category Muni National Short
  • Credit Quality / Interest Rate Sensitivity High/Limited
  • Min. Initial Investment 2,500
  • Status Open
  • TTM Yield 2.12%
  • Effective Duration 2.46 years

USD | NAV as of Apr 18, 2024 | 1-Day Return as of Apr 18, 2024, 10:21 PM GMT+0

Morningstar’s Analysis NSITX

Will NSITX 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 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.

Strength in Northern Limited Term 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 strategy charges fees in line with its similarly distributed peers, priced within the middle quintile.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings NSITX

More NSITX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 13.9
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

KENTUCKY INC KY PUB ENERGY AUTH GAS SUPLLY REV 4%

2.03 8.7 Mil
municipal

Northern Institutional US Government

2.00 8.6 Mil
Cash and Equivalents

BLACK BELT ENERGY GAS DIST ALA GAS PROJ REV 5%

1.94 8.3 Mil
municipal

NEW YORK ST TWY AUTH ST PERS INCOME TAX REV 5%

1.29 5.5 Mil
municipal

NEW YORK ST URBAN DEV CORP REV 5%

1.27 5.5 Mil
municipal

GRAND PRAIRIE TEX INDPT SCH DIST 4%

1.27 5.4 Mil
municipal

METROPOLITAN WASH D C ARPTS AUTH ARPT SYS REV 5%

1.26 5.4 Mil
municipal

MASSACHUSETTS ST 5%

1.25 5.4 Mil
municipal

OHIO ST 5%

1.23 5.3 Mil
municipal

TEXAS ST 5%

1.19 5.1 Mil
municipal