Northern Funds Intermediate Tax Exempt Fund

Frequently Asked Questions About NOITX

What does NOITX invest in?

Typically, this fund allocates a minimum of 80% of its net assets to fixed-income securities that generate interest income exempt from ordinary federal taxation, except in highly unusual circumstances. Under standard market conditions, the portfolio's dollar-weighted average time to maturity is expected to be between three and ten years.

What is the expense ratio of NOITX?

Northern Funds Intermediate Tax Exempt Fund (NOITX) charges an expense ratio of 0.45%. This is the annual fee deducted from fund assets to cover management and operations.

What is NOITX's dividend yield?

NOITX's trailing-twelve-month yield is 3.30%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of NOITX?

Effective duration measures NOITX's sensitivity to interest-rate changes: a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. NOITX's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of NOITX?

NOITX's credit quality breakdown (the share of holdings rated AAA through CCC and below) is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.

What is the yield to maturity of NOITX?

Yield to maturity (YTM) is the total return you'd earn from NOITX if every bond in the portfolio is held to maturity at the current price. NOITX's YTM is published on the fund's factsheet on the issuer's website. It differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.