Northern California Intermediate Tax-Exempt Fund (NCITX)
| Fund Assets | 242.79M |
| Expense Ratio | 0.46% |
| Min. Investment | $2,500 |
| Turnover | 37.65% |
| Dividend (ttm) | 0.27 |
| Dividend Yield | 2.71% |
| Dividend Growth | 2.61% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Nov 24, 2025 |
| Previous Close | 10.03 |
| YTD Return | 4.39% |
| 1-Year Return | 3.00% |
| 5-Year Return | 2.11% |
| 52-Week Low | 9.36 |
| 52-Week High | 10.05 |
| Beta (5Y) | 0.25 |
| Holdings | 140 |
| 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 3.00% in the past year, including dividends. Since the fund's inception, the average annual return has been 6.94%.
Top 10 Holdings
20.08% of assets| Name | Symbol | Weight |
|---|---|---|
| BAY AREA TOLL AUTHORI VAR | BAYTRN | 2.84% |
| EAST SIDE UNION HIG 5.00% | ESDSCD | 2.25% |
| UNIVERSITY OF CALIF 5.00% | UNVHGR | 2.15% |
| CALIFORNIA STATEWID 5.00% | CASDEV | 2.11% |
| LOS ANGELES DEPT. O 5.00% | LOSUTL | 2.00% |
| Simplify China A Shares PLUS Income ETF | CAS | 2.00% |
| HAYWARD UNIFIED SCH 5.00% | HAYSCD | 1.82% |
| LOS ANGELES UNIFIED 5.00% | LOSSCD | 1.73% |
| CALIFORNIA STATE PU 5.00% | CASFAC | 1.69% |
| CALIFORNIA COMMUNITY VAR | CCEDEV | 1.49% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Nov 24, 2025 | $0.0247 | Nov 24, 2025 |
| Oct 23, 2025 | $0.0222 | Oct 23, 2025 |
| Sep 24, 2025 | $0.0226 | Sep 24, 2025 |
| Aug 25, 2025 | $0.0238 | Aug 25, 2025 |
| Jul 24, 2025 | $0.0223 | Jul 24, 2025 |
| Jun 24, 2025 | $0.0248 | Jun 24, 2025 |