Morningstar

Northern Tax-Advantaged Ultra-Short Fixed Income Fund NTAUX

Morningstar Medalist Rating
Medalist Rating as of | See Northern Trust Investment Hub
  • NAV / 1-Day Return 10.07  /  +0.20 %
  • Total Assets 3.0B
  • Adj. Expense Ratio
    0.250%
  • Expense Ratio 0.250%
  • Distribution Fee Level Low
  • Share Class Type No Load
  • Category Muni National Short
  • Credit Quality / Interest Rate Sensitivity Medium/Limited
  • Min. Initial Investment 2,500
  • Status Open
  • TTM Yield 2.97%
  • Effective Duration 1.30 years

USD | NAV as of Oct 02, 2026 | 1-Day Return as of Oct 02, 2026, 12:26 AM GMT+0

Morningstar’s Analysis NTAUX

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

  • People Pillar

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

null Morningstar Automated Analysis

Morningstar Automated Analysis

Summary

Northern Tax-Advantaged U/S Fxd Inc 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 NTAUX

More NTAUX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 10.8
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

MINNESOTA MUN GAS AGY COMMODITY SUPPLY REV 3.378%

1.34 40M
municipal

ALLEGHENY CNTY PA HOSP DEV AUTH REV 2.52%

1.34 40M
municipal

MAIN STR NAT GAS INC GA GAS SUPPLY REV 5%

1.33 40M
municipal

BLACK BELT ENERGY GAS DIST ALA GAS PROJ REV 5.25%

1.23 37M
municipal

RURAL WTR FING AGY KY PUB PROJS REV 2.75%

1.07 32M
municipal

CALIFORNIA INFRASTRUCTURE & ECONOMIC DEV BK REV 3.5%

1.01 30M
municipal

BLACK BELT ENERGY GAS DIST ALA GAS PROJ REV 2.17%

0.97 29M
municipal

OHIO ST UNIV GEN RCPTS 1.8%

0.84 25M
municipal

ILLINOIS ST 5.25%

0.83 25M
municipal

Bank of Nova Scotia 4.043%

0.82 24M
Corporate

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