Northern Tax-Exempt Fund (NOTEX)
9.55
0.00 (0.00%)
USD |
Dec 04 2025
Returns Chart
Key Stats
| Net Expense Ratio | Total Assets Under Management | Weighted Average Dividend Yield | Turnover Ratio (Generic) |
|---|---|---|---|
| 0.46% | 757.54M | -- | 39.00% |
| 1 Year Fund Level Flows | 1 Year Total Returns (Daily) | Annualized Total Returns Since Inception (Daily) | Max Drawdown (Since Inception) |
| -34.56M | 1.87% | Upgrade | Upgrade |
Basic Info
| Investment Strategy | |
| The Fund seeks to provide a high level of current income exempt from regular federal income tax by investing in municipal instruments. The Fund invests in investment grade debt obligations (obligations rated within the top four rating categories by NRSRO or of comparable quality as determined by the investment adviser). |
| General | |
| Security Type | Mutual Fund |
| Broad Asset Class | Municipal Bond |
| Broad Category | Fixed Income |
| Global Peer Group | Bond USD Municipal |
| Peer Group | General & Insured Municipal Debt Funds |
| Global Macro | Bond HC |
| US Macro | National Municipal Debt Funds |
| YCharts Categorization | -- |
| YCharts Benchmark | -- |
| Prospectus Objective | General & Insured Municipal Debt Funds |
| Fund Owner Firm Name | Northern Trust |
| Broad Asset Class Benchmark Index | |
| ^BBMBTR | 100.0% |
Net Fund Flows Versus Peer Group
1 Month
% Rank:
64
-95.69M
Peer Group Low
532.09M
Peer Group High
1 Year
% Rank:
59
-34.56M
-1.649B
Peer Group Low
5.560B
Peer Group High
3 Months
% Rank:
31
-280.38M
Peer Group Low
2.197B
Peer Group High
3 Years
% Rank:
77
-4.975B
Peer Group Low
18.10B
Peer Group High
6 Months
% Rank:
67
-650.32M
Peer Group Low
5.019B
Peer Group High
5 Years
% Rank:
88
-7.233B
Peer Group Low
34.74B
Peer Group High
YTD
% Rank:
52
-1.463B
Peer Group Low
5.771B
Peer Group High
10 Years
% Rank:
73
-7.036B
Peer Group Low
44.60B
Peer Group High
Date Unavailable
Risk
Performance Versus Peer Group
Annual Total Returns Versus Peers
As of December 05, 2025.
Asset Allocation
As of September 30, 2025.
| Type | % Net |
|---|---|
| Cash | -0.21% |
| Stock | 0.00% |
| Bond | 100.2% |
| Convertible | 0.00% |
| Preferred | 0.00% |
| Other | 0.00% |
Top 10 Holdings
| Name | % Weight | Price | % Change |
|---|---|---|---|
| COLORADO ST CTFS PARTN CO 4.000 12/15/2037 | 1.34% | 101.28 | 0.00% |
| CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV CA 5.000 05/01/2054 | 1.30% | 107.29 | -0.00% |
| CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV CA 5.000 02/01/2055 | 1.01% | 109.02 | 0.00% |
| CONNECTICUT ST HEALTH & EDL FACS AUTH REV CT 5.000 07/01/2049 | 1.01% | 106.49 | 0.00% |
| OKLAHOMA ST INDS AUTH EDL FACS LEASE REV OK 5.000 04/01/2031 | 1.00% | 111.44 | 0.12% |
| ILLINOIS ST IL 3.250 11/01/2026 | 0.92% | 99.98 | 0.01% |
| ILLINOIS ST TOLL HWY AUTH TOLL HIGHWAY REV IL 5.000 01/01/2040 | 0.87% | 100.07 | 0.00% |
| TRIBOROUGH BRDG & TUNL AUTH N Y REAL ESTATE TRANSFER TAX REV NY 5.000 12/01/2050 | 0.87% | 103.61 | 0.00% |
| PORT AUTH N Y & N J NY 5.000 09/01/2033 | 0.82% | 111.52 | -0.05% |
| LOUISIANA LOC GOVT ENVIRONMENTAL FACS & CMNTY DEV AUTH REV LA 2.500 04/01/2036 | 0.81% | 85.67 | 0.01% |
Fees & Availability
| Fees | |
| Actual 12B-1 Fee | -- |
| Actual Management Fee | 0.38% |
| Administration Fee | -- |
| Maximum Front Load | -- |
| Maximum Deferred Load | -- |
| Maximum Redemption Fee | -- |
| General Availability | |
| Available for Insurance Product | No |
| Available for RRSP | No |
| Purchase Details | |
| Open to New Investors |
|
| Minimum Initial Investment | 2500.00 None |
| Minimum Subsequent Investment | 50.00 None |
Basic Info
| Investment Strategy | |
| The Fund seeks to provide a high level of current income exempt from regular federal income tax by investing in municipal instruments. The Fund invests in investment grade debt obligations (obligations rated within the top four rating categories by NRSRO or of comparable quality as determined by the investment adviser). |
| General | |
| Security Type | Mutual Fund |
| Broad Asset Class | Municipal Bond |
| Broad Category | Fixed Income |
| Global Peer Group | Bond USD Municipal |
| Peer Group | General & Insured Municipal Debt Funds |
| Global Macro | Bond HC |
| US Macro | National Municipal Debt Funds |
| YCharts Categorization | -- |
| YCharts Benchmark | -- |
| Prospectus Objective | General & Insured Municipal Debt Funds |
| Fund Owner Firm Name | Northern Trust |
| Broad Asset Class Benchmark Index | |
| ^BBMBTR | 100.0% |
Fundamentals
| General | |
| Distribution Yield | -- |
| Dividend Yield TTM (12-3-25) | 3.58% |
| 30-Day SEC Yield (10-31-25) | 3.99% |
| 7-Day SEC Yield | -- |
| Number of Holdings | 347 |
| Bond | |
| Yield to Maturity (9-30-25) | 3.94% |
| Effective Duration | 7.13 |
| Average Coupon | 4.73% |
| Calculated Average Quality | 2.298 |
| Effective Maturity | 12.97 |
| Nominal Maturity | 17.83 |
| Number of Bond Holdings | 343 |
As of September 30, 2025
Fund Details
| Key Dates | |
| Inception Date | 4/1/1994 |
| Last Annual Report Date | 3/31/2025 |
| Last Prospectus Date | 7/31/2025 |
| Attributes | |
| Index Fund | -- |
| Inverse Fund | No |
| Leveraged Fund | -- |
| Fund of Funds | No |
| Currency Hedged Fund | -- |
| Synthetic Replication Fund | No |
Top Portfolio Holders
| Name | % Weight |
|---|---|
| Portfolio A | 5.00% |
| Portfolio B | 3.50% |
| Portfolio C | 2.25% |
Excel Add-In Codes
| Name: =YCI("M:NOTEX", "name") |
| Broad Asset Class: =YCI("M:NOTEX", "broad_asset_class") |
| Broad Category: =YCI("M:NOTEX", "broad_category_group") |
| Prospectus Objective: =YCI("M:NOTEX", "prospectus_objective") |
| To find the codes for any of our securities and financial metrics, see our Complete Excel Reference. |