Northern CA Intermediate Tax-Exempt (NCITX)
| Fund Assets | 235.00M |
| Expense Ratio | 0.46% |
| Min. Investment | $2,500 |
| Turnover | 37.65% |
| Dividend (ttm) | 0.27 |
| Dividend Yield | 2.65% |
| Dividend Growth | 1.25% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Aug 25, 2025 |
| Previous Close | 10.04 |
| YTD Return | 2.03% |
| 1-Year Return | 1.64% |
| 5-Year Return | -0.32% |
| 52-Week Low | 9.21 |
| 52-Week High | 10.05 |
| Beta (5Y) | 0.23 |
| Holdings | 134 |
| Inception Date | Oct 1, 1999 |
About NCITX
Northern California Intermediate Tax‑Exempt Fund is an actively managed municipal bond mutual fund focused on generating federally and California state tax‑exempt income from high‑quality, investment‑grade issuers. The strategy primarily targets **California municipal securities** with an average maturity in the **three‑ to ten‑year** range, balancing income needs with interest‑rate sensitivity typical of the intermediate segment. The portfolio emphasizes **relative value selection** to pursue total return while maintaining a conservative credit profile centered on investment‑grade bonds. At least a substantial majority of assets are invested in securities whose income is exempt from **California personal income tax**, aligning the fund with tax‑aware objectives for residents. Managed by Northern Trust’s fixed income team, the approach incorporates sector and curve positioning across essential public finance areas such as general obligation, revenue, and infrastructure‑related credits. The fund’s role in the market is to provide a state‑specific, intermediate‑term municipal allocation that can complement core bond holdings for investors prioritizing tax efficiency and diversified exposure to California’s municipal issuers.
Performance
NCITX had a total return of 1.64% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.16%.
Top 10 Holdings
21.26% of assets| Name | Symbol | Weight |
|---|---|---|
| BAY AREA TOLL AUTHORI VAR | BAYTRN | 2.91% |
| EAST SIDE UNION HIG 5.00% | ESDSCD | 2.24% |
| UNIVERSITY OF CALIF 5.00% | UNVHGR | 2.16% |
| CALIFORNIA STATEWID 5.00% | CASDEV | 2.14% |
| SAN FRANCISCO COUNT 3.00% | SFOTRN | 2.13% |
| CALIFORNIA COMMUNITY VAR | CCEDEV | 2.09% |
| Simplify China A Shares PLUS Income ETF | CAS | 2.04% |
| LOS ANGELES DEPT. O 5.00% | LOSUTL | 1.98% |
| HAYWARD UNIFIED SCH 5.00% | HAYSCD | 1.82% |
| Simplify China A Shares PLUS Income ETF | CAS | 1.75% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Aug 25, 2025 | $0.0238 | Aug 25, 2025 |
| Jul 24, 2025 | $0.0223 | Jul 24, 2025 |
| Jun 24, 2025 | $0.0248 | Jun 24, 2025 |
| May 22, 2025 | $0.021 | May 22, 2025 |
| Apr 24, 2025 | $0.0233 | Apr 24, 2025 |
| Mar 24, 2025 | $0.0208 | Mar 24, 2025 |