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Northern Intermediate Tax-Exempt (NOITX) Fund Ranking and Research

Ranking, Research and Recommendation of Northern Intermediate Tax-Exempt (NOITX) Fund

    Last Trade: $ on , Change: (0%)

 

Graph of Northern Intermediate Tax-Exempt Fund (NOITX) ManagerFund Manager - Timothy T.A. McGregor

Fund Manager Information

Fund Manager Tenure: 19.2 years
Fund Family: Northern Funds
Fund Category: Muni National Interm
Fund Performance: May 30, 2016
Fundmojo Fund Grade: C (Score: 0.56)     (What does this score mean?)

 

Graph of Northern Intermediate Tax-Exempt Fund (NOITX) ProfileNorthern Intermediate Tax-Exempt Fund (NOITX) Profile

Fund Profile and Description

Northern Intermediate Tax-Exempt Fund seeks to provide a high level of current income exempt from regular federal income tax. Northern Intermediate Tax-Exempt Fund normally invests at least 80% of the net assets in debt instruments that pay interest which is exempt from regular federal income tax. During temporary defensive periods, all or any portion of the fund's assets may be held uninvested or invested in AMT obligations and taxable instruments. Northern Intermediate Tax-Exempt Fund's dollar-weighted average maturity may range between three and ten years.

 

Northern Intermediate Tax-Exempt (NOITX) Fund Strength What we like about Northern Intermediate Tax-Exempt (NOITX) Fund

Data for Northern Intermediate Tax-Exempt Fund (NOITX) as of May 30, 2016

  • Northern Intermediate Tax-Exempt Fund (NOITX) management has been with Northern Intermediate Tax-Exempt Fund for 19.2 years
  • Northern Intermediate Tax-Exempt Fund (NOITX) has good short-term performance (1-year return 5.24% vs 4.71% Muni National Interm category median performance)
  • Northern Intermediate Tax-Exempt Fund (NOITX) has good mid-term performance (3-year return 3.32% vs 3.10% Muni National Interm category median performance)
  • Northern Intermediate Tax-Exempt Fund (NOITX) ratio of up-years vs down years is greater than 2
  • Asset base in Northern Intermediate Tax-Exempt Fund (NOITX) has been consistently increasing at a reasonable pace in the last 2 months. It shows investor confidence and market support
  • Northern Intermediate Tax-Exempt Fund (NOITX) is less volatile than its peers as it has a 3-year Standard Deviation of 3.13, lower than category average of 3.29
  • Northern Intermediate Tax-Exempt Fund (NOITX) has a lower expense ratio than its Muni National Interm average: 0.45% vs 0.80%
  • Northern Intermediate Tax-Exempt Fund (NOITX) is a true no-load fund as it has no load and no 12b1 promotion, distributions, marketing expenses

Northern Intermediate Tax-Exempt Fund (NOITX) Weakness What we are cautious about Northern Intermediate Tax-Exempt (NOITX) Fund

Data for Northern Intermediate Tax-Exempt Fund (NOITX) as of May 30, 2016

  • Northern Intermediate Tax-Exempt Fund (NOITX) has a less-than-ideal Long-term performance (5-year return 4.06% vs 4.14% Muni National Interm category median performance)
  • Northern Intermediate Tax-Exempt Fund (NOITX) has a Morningstar rating of 3 and below
  • Northern Intermediate Tax-Exempt Fund (NOITX) is less safe compared to its Muni National Interm peers
  • Northern Intermediate Tax-Exempt Fund (NOITX) has an annual stock turnover rate of 127.92% that is higher than the Muni National Interm average of 22.40%. This could mean Northern Intermediate Tax-Exempt is more nimble, but also signal potential high tax impact and high trading fees
See Northern Intermediate Tax-Exempt Fund (NOITX) performance details as of May 30, 2016

 

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Compare Northern Intermediate Tax-Exempt Fund (NOITX)Compare with other top Muni National Interm category mutual funds

Aadditional top Muni National Interm mutual funds for your consideration

FundYear to Date1 Year3 year5 year
Northern Intermediate Tax-Exempt2.125.243.324.06
Eaton Vance TABS 5 to15 Yr Lad Muni Bd I (EILTX)3.408.176.377.87Compare
BlackRock Strategic Muni Opps Inv A1 (MDMTX)3.297.784.275.68Compare
USAA Tax Exempt Intermediate-Term (USATX)2.525.223.514.92Compare

See top fund managers for Muni National Interm Category Funds

 

Compare Northern Intermediate Tax-Exempt Fund (NOITX)Compare with Muni National Interm category ETFs

Some Muni National Interm ETFs for your consideration

ETFYear to DateOne YearThree Year
Market Vectors Intermediate Muni ETF (ITM)2.55%7.15%4.62%
iShares National AMT-Free Muni Bond (MUB)2.19%5.72%4.01%
PIMCO Intermediate Municipal Bd Actv ETF (MUNI)1.61%4.98%2.60%
Columbia Intermediate Municipal Bond ETF (GMMB)000

 

Graph of Northern Intermediate Tax-Exempt Fund (NOITX) Net Asset TrackingNorthern Intermediate Tax-Exempt (NOITX) Fund Net Asset

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

DateNet Asset
05/2016$3.29B
03/2016$3.16B
02/2016$3.07B
More historic net asset information on Northern Intermediate Tax-Exempt Fund (NOITX)

  

Graph of Northern Intermediate Tax-Exempt Fund (NOITX) Portfolio TrackingNorthern Intermediate Tax-Exempt (NOITX) Fund Portfolio Allocation

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

DateCashStockBondOther
03/201610.6%0%89.4%0%
12/20158.17%0%91.83%0%
09/20156.84%0%93.16%0%
Click here to see more historic asset allocation information on Northern Intermediate Tax-Exempt Fund (NOITX)

 

graph of Northern Intermediate Tax-Exempt Fund (NOITX) Top 10 Position TrackingTop 10 Holdings in Northern Intermediate Tax-Exempt (NOITX) Fund

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

Mar 30, 2016
California St For Previous Iss Go Bds 4% [0.94%]
Massachusetts St Go Bds 5% [0.91%]
New York St Urban Dev Corp Rev St Per 5% [0.91%]
Houston Tex Util Sys Rev For I Com 5.25% [0.9%]
New York St Dorm Auth 5.75% [0.65%]
Washington St For Issues Dtd P Variou 5% [0.54%]
Arizona St Transn Brd Hwy Rev Ref Bds 5% [0.53%]
Howard Cnty Md Go Ref Bd 5% [0.51%]
New York N Y City Transitional Future 5% [0.49%]

Dec 30, 2015
New York St Urban Dev Corp Rev St Per 5% [0.97%]
New York St Dorm Auth 5.75% [0.72%]
Missouri St Hwys & Trans Commn Ref St 5% [0.6%]
Arizona St Transn Brd Hwy Rev Ref Bds 5% [0.57%]
Tennessee St Go Ref Bd 5% [0.55%]
Washington St Motor Fue 5% [0.53%]
Florida St Dept Tran 5.25% [0.52%]
California St For Previous Iss Var Pu 5% [0.51%]
North East Indpt Sch Dist 0.04% [0.51%]
Washington St For Issues Dtd P Var Pu 5% [0.51%]

Sep 29, 2015
Metropolitan Govt Nashville & Go Impt 5% [0.78%]
Cypress-Fairbanks Tex Indpt Sc Ultd T 5% [0.67%]
New York St Dorm Auth 5.75% [0.67%]
California St For Previous Iss Go 0.57% [0.6%]
Massachusetts St Go Bds 5% [0.59%]
New York N Y City Transitional Future 5% [0.53%]
Tennessee St Go Ref Bd 5% [0.52%]
Arizona St Transn Brd Hwy Rev Ref Bds 5% [0.52%]
Atlanta Ga Wtr & Waste Wtr Rev Ref Bd 5% [0.5%]
Washington St Motor Fue 5% [0.5%]
Click here for Stock Holding Change Map in Northern Intermediate Tax-Exempt Fund (NOITX)

  

Latest News on Northern Intermediate Tax-Exempt (NOITX) Fund

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Northern Intermediate Tax-Exempt Fund (NOITX) Related ResourcesSee more information on Northern Intermediate Tax-Exempt (NOITX) Fund

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