Northern Tax-Exempt Fund (NOTEX)

NASDAQ · Mutual Fund · Delayed Price · Currency is USD

9.09

+0.08 (0.89%)

At close: Oct 15, 2026

Fund Assets	705.92M
Expense Ratio	0.46%
Min. Investment	$2,500
Turnover	46.31%
Dividend (ttm)	0.34
Dividend Yield	3.77%
Dividend Growth	1.06%
Payout Frequency	Monthly
Ex-Dividend Date	Sep 24, 2026

Previous Close	9.01
YTD Return	-3.66%
1-Year Return	-2.73%
5-Year Return	-4.93%
52-Week Low	8.86
52-Week High	9.70
Beta (5Y)	0.29
Holdings	397
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.

Fund Family Northern Funds

Category Muni National Long

Performance Rating Average

Risk Rating Below Average

Stock Exchange Nasdaq

Ticker Symbol NOTEX

Index Bloomberg Municipal Bond TR

Performance

NOTEX had a total return of -2.73% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.69%.

Equivalent Funds

These are funds that follow the same index from the other major fund companies.

Symbol	Provider	Name	Expense Ratio
FLUVX	Fidelity	Fidelity Advisor Municipal Income M	0.73%
FKISX	Fidelity	Fidelity Advisor Municipal Income C	1.44%
FROGX	Fidelity	Fidelity Advisor Municipal Income I	0.49%
FUENX	Fidelity	Fidelity Flex Municipal Income Fund	n/a
FHIGX	Fidelity	Fidelity Municipal Income Fund	0.43%

Dividend History

Ex-Dividend	Amount	Pay Date
Sep 24, 2026	$0.0288	Sep 24, 2026
Aug 24, 2026	$0.0297	Aug 24, 2026
Jul 23, 2026	$0.0267	Jul 23, 2026
Jun 30, 2026	$0.0267	Jun 30, 2026
May 26, 2026	$0.0303	May 26, 2026
Apr 23, 2026	$0.0279	Apr 23, 2026

Full Dividend History