Northern Arizona Tax-Exempt Fund (NOAZX)
| Fund Assets | 54.20M |
| Expense Ratio | 0.48% |
| Min. Investment | $2,500 |
| Turnover | 34.78% |
| Dividend (ttm) | 0.33 |
| Dividend Yield | 3.39% |
| Dividend Growth | -0.28% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jun 30, 2026 |
| Previous Close | 9.59 |
| YTD Return | 1.54% |
| 1-Year Return | 5.89% |
| 5-Year Return | -0.05% |
| 52-Week Low | 9.27 |
| 52-Week High | 9.72 |
| Beta (5Y) | 0.26 |
| Holdings | 85 |
| Inception Date | n/a |
About NOAZX
Northern Arizona Tax-Exempt Fund is an open-end municipal bond mutual fund focused on delivering tax-exempt income to Arizona residents. It primarily invests in high-quality, predominantly investment-grade municipal securities issued by Arizona state and local entities, with an emphasis on generating current income that is exempt from regular federal income tax and Arizona personal income tax. The portfolio typically targets longer-dated bonds, maintaining a dollar‑weighted average maturity between 10 and 30 years under normal conditions, which heightens interest-rate sensitivity while aiming to preserve credit quality. As a state-specific fund, it channels capital to essential public finance sectors such as infrastructure, education, and utilities through municipal issuers, supporting local development while offering investors a potential source of tax-advantaged cash flow. Managed by Northern Trust’s fixed income team, the strategy applies relative-value selection within Arizona’s municipal market to balance income generation with prudent risk management. It is classified as non-diversified, reflecting concentrated exposure to a single state’s municipal bond market.
Performance
NOAZX had a total return of 5.89% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.46%.
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jun 30, 2026 | $0.0258 | Jun 30, 2026 |
| May 26, 2026 | $0.0293 | May 26, 2026 |
| Apr 23, 2026 | $0.0266 | Apr 23, 2026 |
| Mar 24, 2026 | $0.0248 | Mar 24, 2026 |
| Feb 24, 2026 | $0.0257 | Feb 24, 2026 |
| Jan 26, 2026 | $0.0353 | Jan 26, 2026 |