Northern Tax-Exempt Fund (NOTEX)
| Fund Assets | 773.63M |
| Expense Ratio | 0.46% |
| Min. Investment | $2,500 |
| Turnover | 46.31% |
| Dividend (ttm) | 0.35 |
| Dividend Yield | 3.59% |
| Dividend Growth | 2.95% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jun 30, 2026 |
| Previous Close | 9.60 |
| YTD Return | 2.04% |
| 1-Year Return | 6.43% |
| 5-Year Return | -0.58% |
| 52-Week Low | 9.23 |
| 52-Week High | 9.70 |
| Beta (5Y) | 0.28 |
| Holdings | 377 |
| Inception Date | Apr 1, 1994 |
About NOTEX
Northern Tax-Exempt Fund is an open-end mutual fund specializing in municipal bonds. Its primary function is to generate a high level of current income that is exempt from regular federal income tax by investing in high-quality, predominantly investment-grade municipal securities. The fund targets a dollar-weighted average maturity range of 10 to 30 years, offering investors exposure to longer-duration, tax-advantaged fixed income. Typical holdings include municipal obligations issued by states, cities, and other governmental entities, often supporting essential public infrastructure and services. Managed by a seasoned team within Northern Trust Asset Management, the fund is positioned as a cost-effective option within its category, maintaining a below-average expense ratio and a focus on risk-adjusted total return. Its investor base often includes individuals in higher tax brackets seeking income with moderate interest rate sensitivity, and its scale and diversity contribute to its significance among national municipal bond funds.
Performance
NOTEX had a total return of 6.43% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.90%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jun 30, 2026 | $0.0267 | Jun 30, 2026 |
| May 26, 2026 | $0.0303 | May 26, 2026 |
| Apr 23, 2026 | $0.0279 | Apr 23, 2026 |
| Mar 24, 2026 | $0.0262 | Mar 24, 2026 |
| Feb 24, 2026 | $0.0276 | Feb 24, 2026 |
| Jan 26, 2026 | $0.0376 | Jan 26, 2026 |