Mutual Fund Insights: Northern Tax-Exempt Fund (NOTEX)

In-depth Analysis of Northern Tax-Exempt Fund (NOTEX)

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See Northern Tax-Exempt Fund (NOTEX) performance details as of January 31, 2010

  

Last Trade: $10.61 on 3/18/2010, Change: 0.00 (0%)

  

Fund Manager - Timothy A. McGregor

Fund Manager Tenure: 11.3 years
Fundmojo Fund Grade: B (Score: 0.68)     (What does this score mean?)

He joined the firm in 1989. He is Co-Director of the Municipal Fixed Income Management Group and portfolio manager for the Northern Tax Exempt Fund, Northern Intermediate Tax Exempt Fund, and individual accounts. Tim specializes in tax-exempt portfolios as well as swing mandates that require taxable market exposure.  Get more insights on Timothy A. McGregor

  

 What we like about Northern Tax-Exempt Fund (NOTEX)

Data for Northern Tax-Exempt Fund (NOTEX) as of January 31, 2010

• Northern Tax-Exempt Fund (NOTEX) management has been with Northern Tax-Exempt Fund for 11.3 years
• Northern Tax-Exempt Fund (NOTEX) has good mid-term performance (3-year return 4.51% vs 2.61% Muni National Long category average)
• Northern Tax-Exempt Fund (NOTEX) has good Long-term performance (5-year return 3.94% vs 2.89% Muni National Long category average)
• Northern Tax-Exempt Fund (NOTEX) ratio of up-years vs down years is greater than 2
• Northern Tax-Exempt Fund (NOTEX) has a Morningstar rating of 4 and above
• Northern Tax-Exempt Fund (NOTEX) is less volatile than its peers as it has a 3-year Standard Deviation of 6.01, lower than category average of 7.62
• Northern Tax-Exempt Fund (NOTEX) has a lower management fee than its Muni National Long average: 0.75% vs 1.02%
• Northern Tax-Exempt Fund (NOTEX) is a true no-load fund as it has no load and no 12b1 promotion, distributions, marketing expenses

  

 What we are cautious about Northern Tax-Exempt Fund (NOTEX)

Data for Northern Tax-Exempt Fund (NOTEX) as of January 31, 2010

• Northern Tax-Exempt Fund (NOTEX) has a less-than-ideal short-term performance (1-year return 8.68% vs 12.81% Muni National Long category average)

See Northern Tax-Exempt Fund (NOTEX) performance details as of January 31, 2010

  

  

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Northern Tax-Exempt Fund (NOTEX) Net Asset

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

Date	Net Asset
01/2010	$1.09B
11/2009	$1.08B
10/2009	$1.05B

More historic net asset information on Northern Tax-Exempt Fund (NOTEX)

  

Northern Tax-Exempt Fund (NOTEX) Portfolio Allocation

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

Date	Cash	Stock	Bond	Other
09/2009	3.69%	0%	96.31%	0%
06/2009	1.41%	0%	98.59%	0%
03/2009	0.31%	0%	99.69%	0%

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

  

Most Recent Top 10 Holdings in Northern Tax-Exempt Fund (NOTEX)

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

30-Sep-09 Texas St Go Mobili 4.75% [1.99%] Florida St Broward C 10% [1.86%] Regl Transn Auth 6% [1.78%] District Columbia Wtr & Swr Au Sr L 5.5% [1.59%] HARRISONBURG VA INDL DEV AUTH REF VAR R [1.28%] South Carolina St Pub Svc Auth 5.5% [1.23%] Alvord Calif Uni Sch Dist 5.9% [1.12%] Salt River Proj Ariz Agric Imp Rev Bd 5% [1.12%] Harris Cnty Tex Cultural Ed Fa Var Rev B [1.1%] New York St Dorm Auth 5.75% [1.1%]

30-Jun-09 Florida St Broward C 10% [2.05%] Regl Transn Auth 6% [1.75%] Texas Water Dev Brd Var Ref S [1.22%] Chicago Ill O Hare Intl Arpt R Arprt 6% [1.15%] Alvord Calif Uni Sch Dist 5.9% [1.14%] California St Dept Wtr Res Pwr Wtr Re 6% [1.13%] Long Island Pwr Auth 6% [1.13%] New York St Urban Dev Corp Rev Rev 5.25% [1.12%] New York St Environmental Facs Inc 5.25% [1.12%] New York St Dorm Auth 5.75% [1.12%]

31-Mar-09 DAWSON RIDGE MET DIST NO 1 COL [2.38%] Florida St Broward C 10% [2.22%] Regl Transn Auth 6% [1.81%] Massachusetts St Wtr Pollutn Abatement [1.69%] Triborough Brdg & Tunl Auth 5% [1.27%] North Carolina St G O Pub I 5% [1.24%] California St Dept Wtr Res Pwr Wtr Re 6% [1.22%] NEW YORK ST URBAN DEV CORP REV REV REF B [1.2%] New York St Environmental Facs Corp St [1.18%] Alvord Calif Uni Sch Dist 5.9% [1.18%]

Click here for Stock Holding Change Map in Northern Tax-Exempt Fund (NOTEX)

  

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Books and Resources

 

 

See more information on Northern Tax-Exempt Fund (NOTEX)

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