Mutual Fund Insights: Idaho Tax-Exempt Fund (NITEX)

In-depth Analysis of Idaho Tax-Exempt Fund (NITEX)

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See Idaho Tax-Exempt Fund (NITEX) performance details as of February 28, 2010

  

Last Trade: $5.45 on 3/19/2010, Change: 0.00 (0%)

  

Fund Manager - Phelps S. McIlvaine

Fund Manager Tenure: 15.1 years
Fundmojo Fund Grade: C (Score: 0.53)     (What does this score mean?)

Phelps S. McIlvaine is a vice president of Saturna Capital since 1994. Previously, Phelps S. McIlvaine served as a commodity-trading advisor with Hickey Financial Services, as a primary dealer in government security arbitrage with First National Bank of Chicago, and as a bond trader in the money-market department at First National Bank of Boston. McIlvaine seeks to recognize value and limit losses in his portfolio management.  Get more insights on Phelps S. McIlvaine

  

 What we like about Idaho Tax-Exempt Fund (NITEX)

Data for Idaho Tax-Exempt Fund (NITEX) as of February 28, 2010

• Idaho Tax-Exempt Fund (NITEX) management has been with Idaho Tax-Exempt Fund for 15.1 years
• Idaho Tax-Exempt Fund (NITEX) has good mid-term performance (3-year return 4.27% vs 3.70 % Muni Single State Interm category average)
• Idaho Tax-Exempt Fund (NITEX) has good Long-term performance (5-year return 3.72% vs 3.50 % Muni Single State Interm category average)
• Idaho Tax-Exempt Fund (NITEX) ratio of up-years vs down years is greater than 2
• Idaho Tax-Exempt Fund (NITEX) has an annual stock turnover rate of 3.00% vs Muni Single State Interm average of 22.23%. It is good that Idaho Tax-Exempt management does not trade extensively for its return.
• Idaho Tax-Exempt Fund (NITEX) has a lower management fee than its Muni Single State Interm average: 0.84% vs 0.93%
• Idaho Tax-Exempt Fund (NITEX) is a true no-load fund as it has no load and no 12b1 promotion, distributions, marketing expenses

  

 What we are cautious about Idaho Tax-Exempt Fund (NITEX)

Data for Idaho Tax-Exempt Fund (NITEX) as of February 28, 2010

• Idaho Tax-Exempt Fund (NITEX) has a less-than-ideal short-term performance (1-year return 6.56% vs 8.37 % Muni Single State Interm category average)
• Idaho Tax-Exempt Fund (NITEX) has a Morningstar rating of 3 and below
• Idaho Tax-Exempt Fund (NITEX) is less safe compared to its Muni Single State Interm peers
• Idaho Tax-Exempt Fund (NITEX) is more volatile than its peers as it has a 3-year Standard Deviation of 6.64 that is higher than category average of 5.56

See Idaho Tax-Exempt Fund (NITEX) performance details as of February 28, 2010

  

  

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Idaho Tax-Exempt Fund (NITEX) Net Asset

Track net asset change of Idaho Tax-Exempt fund (NITEX)

Date	Net Asset
02/2010	$14.47M
01/2010	$14.74M
11/2009	$14.60M

More historic net asset information on Idaho Tax-Exempt Fund (NITEX)

  

Idaho Tax-Exempt Fund (NITEX) Portfolio Allocation

Track portfolio allocation change of Idaho Tax-Exempt fund (NITEX)

Date	Cash	Stock	Bond	Other
01/2010	6.74%	0%	93.26%	0%
11/2009	9.03%	0%	90.97%	0%
09/2009	6.84%	0%	93.16%	0%

Click here to see more historic asset allocation information on Idaho Tax-Exempt Fund (NITEX)

  

Most Recent Top 10 Holdings in Idaho Tax-Exempt Fund (NITEX)

Discover what Idaho Tax-Exempt Fund (NITEX) manager is buying

31-Jan-10 Ada & Canyon Cntys Idaho Jt Sc Go Bds 5% [3.7%] Madison Cnty Idaho Sch Dist 4.5% [2.88%] Bingham Cnty Idaho Sch Dist 4% [2.76%] Boise St Univ Idaho Revs Forme Go Rev 5% [2.72%] Owyhee & Elmore Cntys Idaho Jt Go Sch 4% [2.53%] Bonneville & Bingham Cntys Ida Go B 4.5% [2.52%] Pocatello Idaho Wtr Rev Rev Bds 4.75% [2.45%] Canyon Cnty Idaho Sch Dist 4.35% [2.43%] Canyon Cnty Idaho Sch Dist 4.75% [2.36%] Bingham Cnty Idaho Sch Dist 4.65% [2.04%]

30-Nov-09 Ada & Canyon Cntys Idaho Jt Sc Go Bds 5% [3.79%] Madison Cnty Idaho Sch Dist 4.5% [2.92%] Bingham Cnty Idaho Sch Dist 4% [2.8%] Boise St Univ Idaho Revs Forme Go Rev 5% [2.75%] Owyhee & Elmore Cntys Idaho Jt Go Sch 4% [2.56%] Bonneville & Bingham Cntys Ida Go B 4.5% [2.56%] Pocatello Idaho Wtr Rev Rev Bds 4.75% [2.48%] Canyon Cnty Idaho Sch Dist 4.35% [2.46%] Canyon Cnty Idaho Sch Dist 4.75% [2.4%] Bingham Cnty Idaho Sch Dist 4.65% [2.07%]

30-Sep-09 Ada & Canyon Cntys Idaho Jt Sc Go Bds 5% [3.89%] Madison Cnty Idaho Sch Dist 4.5% [3%] BINGHAM CNTY IDAHO SCH DIST NO ST BD GTY [2.89%] Boise State University Rev 09 Ser A [2.85%] Owyhee & Elmore Cntys Idaho Jt Go Sch 4% [2.65%] Bonneville & Bingham Cntys Ida Go B 4.5% [2.61%] Pocatello Idaho Wtr Rev Rev Bds 4.75% [2.55%] Canyon Cnty Idaho Sch Dist 4.35% [2.52%] Canyon Cnty Idaho Sch Dist 4.75% [2.42%] Bingham Cnty Idaho Sch Dist 4.65% [2.11%]

Click here for Stock Holding Change Map in Idaho Tax-Exempt Fund (NITEX)

  

Related books and products to Idaho Tax-Exempt Fund (NITEX)

  

Latest News on Idaho Tax-Exempt (NITEX)

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Books and Resources

 

 

See more information on Idaho Tax-Exempt Fund (NITEX)

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