Mutual Fund Insights: Northern CA Intermediate Tax-Exempt Fund (NCITX)

In-depth Analysis of Northern CA Intermediate Tax-Exempt Fund (NCITX)

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See Northern CA Intermediate Tax-Exempt Fund (NCITX) performance details as of February 28, 2010

  

Last Trade: $10.24 on 3/19/2010, Change: 0.00 (0%)

  

Fund Manager - Eric V. Boeckmann

Fund Manager Tenure: 10.5 years
Fundmojo Fund Grade: C (Score: 0.55)     (What does this score mean?)

Eric V. Boeckmann is vice president and portfolio manager with The Northern Trust Company, his employer since 1985. During the past five years, Eric V. Boeckmann has managed various municipal bond portfolios, including common trust funds invested in municipal securities.  Get more insights on Eric V. Boeckmann

  

 What we like about Northern CA Intermediate Tax-Exempt Fund (NCITX)

Data for Northern CA Intermediate Tax-Exempt Fund (NCITX) as of February 28, 2010

• Northern CA Intermediate Tax-Exempt Fund (NCITX) management has been with Northern CA Intermediate Tax-Exempt Fund for 10.5 years
• Northern CA Intermediate Tax-Exempt Fund (NCITX) has good mid-term performance (3-year return 3.40% vs 3.33 % Muni California Int/Sh category average)
• Northern CA Intermediate Tax-Exempt Fund (NCITX) has good Long-term performance (5-year return 3.36% vs 3.30 % Muni California Int/Sh category average)
• Northern CA Intermediate Tax-Exempt Fund (NCITX) ratio of up-years vs down years is greater than 2
• Northern CA Intermediate Tax-Exempt Fund (NCITX) has an annual stock turnover rate of 30.72% vs Muni California Int/Sh average of 41.00%. It is good that Northern CA Intermediate Tax-Exempt management does not trade extensively for its return.
• Northern CA Intermediate Tax-Exempt Fund (NCITX) has a lower management fee than its Muni California Int/Sh average: 0.75% vs 0.86%
• Northern CA Intermediate Tax-Exempt Fund (NCITX) is a true no-load fund as it has no load and no 12b1 promotion, distributions, marketing expenses

  

 What we are cautious about Northern CA Intermediate Tax-Exempt Fund (NCITX)

Data for Northern CA Intermediate Tax-Exempt Fund (NCITX) as of February 28, 2010

• Northern CA Intermediate Tax-Exempt Fund (NCITX) has a less-than-ideal short-term performance (1-year return 6.78% vs 7.83 % Muni California Int/Sh category average)
• Northern CA Intermediate Tax-Exempt Fund (NCITX) has a Morningstar rating of 3 and below
• Northern CA Intermediate Tax-Exempt Fund (NCITX) is less safe compared to its Muni California Int/Sh peers
• Northern CA Intermediate Tax-Exempt Fund (NCITX) does not have a good risk adjusted return as its 3-year Alpha of -0.84 is worse than category average of -0.55, and its 3-year Sharpe ratio is 0.3
• Northern CA Intermediate Tax-Exempt Fund (NCITX) is more volatile than its peers as it has a 3-year Standard Deviation of 5.42 that is higher than category average of 5.03

See Northern CA Intermediate Tax-Exempt Fund (NCITX) performance details as of February 28, 2010

  

  

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Northern CA Intermediate Tax-Exempt Fund (NCITX) Net Asset

Track net asset change of Northern CA Intermediate Tax-Exempt fund (NCITX)

Date	Net Asset
02/2010	$265.51M
01/2010	$270.44M
11/2009	$256.11M

More historic net asset information on Northern CA Intermediate Tax-Exempt Fund (NCITX)

  

Northern CA Intermediate Tax-Exempt Fund (NCITX) Portfolio Allocation

Track portfolio allocation change of Northern CA Intermediate Tax-Exempt fund (NCITX)

Date	Cash	Stock	Bond	Other
09/2009	0.86%	0%	99.14%	0%
06/2009	1.2%	0%	98.8%	0%
03/2009	0.14%	0%	99.86%	0%

Click here to see more historic asset allocation information on Northern CA Intermediate Tax-Exempt Fund (NCITX)

  

Most Recent Top 10 Holdings in Northern CA Intermediate Tax-Exempt Fund (NCITX)

Discover what Northern CA Intermediate Tax-Exempt Fund (NCITX) manager is buying

30-Sep-09 Los Angeles Calif Uni Sch Dist 5% [2.39%] California Infrasct & Ec Var Rev B [2.39%] California St Various P 5% [2.17%] San Jose Calif Redev Agy Tax A Tax 4.25% [2.16%] San Francisco Calif City & Cnt Wtr Re 5% [1.8%] California St Go Bds 5.75% [1.7%] San Mateo Cnty Calif Tran Dist 4.75% [1.66%] San Diego Calif Regl Bldg Auth 4% [1.62%] El Dorado Calif Irr Dist 6.25% [1.6%] Bay Area Infrasct Fing A State Pay 5% [1.5%]

30-Jun-09 Los Angeles Calif Uni Sch Dist 5% [2.74%] San Jose Calif Redev Agy Tax A Tax 4.25% [2.5%] California St Econ Recover Double 5.25% [2.19%] Irvine Calif Impt Bd Act 1915 Ltd 2.89% [2.07%] San Mateo Cnty Calif Tran Dist 4.75% [1.97%] El Dorado Calif Irr Dist 6.25% [1.88%] San Diego Calif Regl Bldg Auth 4% [1.87%] California St Pub Wks Brd Leas Ref 5.25% [1.86%] California Statewide Cmntys De Cops 5.5% [1.79%] Bay Area Infrasct Fing A State Pay 5% [1.78%]

31-Mar-09 LOS ANGELES CALIF UNI SCH DIST GO BDS [2.96%] San Jose Calif Redev Agy Tax A Tax 4.25% [2.66%] California St Econ Recover Double 5.25% [2.38%] Bay Area Infrasct Fing A State Pay 5% [2.05%] SAN MATEO CNTY CALIF TRAN DIST REF BDS [2.03%] El Dorado Calif Irr Dist 6.25% [1.97%] California St Pub Wks Brd Leas Ref 5.25% [1.96%] San Diego Calif Regl Bldg Auth 4% [1.95%] California Statewide Cmntys De Cops 5.5% [1.9%] California St Econ Recover Double Ba 5% [1.74%]

Click here for Stock Holding Change Map in Northern CA Intermediate Tax-Exempt Fund (NCITX)

  

Related books and products to Northern CA Intermediate Tax-Exempt Fund (NCITX)

  

Latest News on Northern CA Intermediate Tax-Exempt (NCITX)

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Books and Resources

 

 

See more information on Northern CA Intermediate Tax-Exempt Fund (NCITX)

• Northern CA Intermediate Tax-Exempt Fund Insights
• Northern CA Intermediate Tax-Exempt Fund Performance Data
• Northern CA Intermediate Tax-Exempt Fund News
• Northern CA Intermediate Tax-Exempt Fund Score Explaination
• Northern CA Intermediate Tax-Exempt Fund Manager Information
• Historic Northern CA Intermediate Tax-Exempt Fund Asset Allocation Report
• Historic Northern CA Intermediate Tax-Exempt Fund Top 10 Holding Tracking
• Historic Northern CA Intermediate Tax-Exempt Fund Asset Under Management Tracking