LIMITED TERM TAX-EXEMPT FUND
Name
As of 10/04/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
2.5%
1 yr return
6.0%
3 Yr Avg Return
0.7%
5 Yr Avg Return
1.1%
Net Assets
$434 M
Holdings in Top 10
15.4%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.51%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 94.18%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$2,500
IRA
$500
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 10/04/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
NSITX - Profile
Distributions
- YTD Total Return 2.5%
- 3 Yr Annualized Total Return 0.7%
- 5 Yr Annualized Total Return 1.1%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 0.87%
- Dividend Yield 2.3%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameLIMITED TERM TAX-EXEMPT FUND
-
Fund Family NameNorthern Trust
-
Inception DateAug 22, 2007
-
Shares OutstandingN/A
-
Share ClassOther
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerScott Colby
Fund Description
∎ | General obligation bonds secured by the issuer’s full faith, credit and taxing power; |
∎ | Revenue obligation bonds payable from the revenues derived from a particular facility or class of facilities; |
∎ | Industrial development bonds; |
∎ | Moral obligation bonds; |
∎ | Tax-exempt derivative instruments; |
∎ | Stand-by commitments; and |
∎ | Municipal instruments backed by letters of credit, insurance or other forms of credit enhancement issued by domestic or foreign banks, insurance companies and other financial institutions. |
NSITX - Performance
Return Ranking - Trailing
Period | NSITX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 2.5% | -1.5% | 25.1% | 73.52% |
1 Yr | 6.0% | 2.6% | 38.2% | 93.17% |
3 Yr | 0.7%* | -9.7% | 3.5% | 15.12% |
5 Yr | 1.1%* | -6.6% | 1104.9% | 34.06% |
10 Yr | 1.2%* | -0.8% | 248.9% | 77.86% |
* Annualized
Return Ranking - Calendar
Period | NSITX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 1.1% | -1.4% | 41.0% | 93.41% |
2022 | -4.6% | -39.7% | 0.3% | 7.62% |
2021 | -1.8% | -5.6% | 6.9% | 96.94% |
2020 | 0.7% | -2.6% | 310.0% | 88.75% |
2019 | 1.6% | 0.0% | 26.0% | 94.29% |
Total Return Ranking - Trailing
Period | NSITX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 2.5% | -1.5% | 25.1% | 73.52% |
1 Yr | 6.0% | 2.6% | 38.2% | 93.17% |
3 Yr | 0.7%* | -9.7% | 3.5% | 15.12% |
5 Yr | 1.1%* | -6.6% | 1104.9% | 34.06% |
10 Yr | 1.2%* | -0.8% | 248.9% | 77.86% |
* Annualized
Total Return Ranking - Calendar
Period | NSITX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 2.9% | -1.3% | 41.0% | 97.07% |
2022 | -3.3% | -39.7% | 1.1% | 6.88% |
2021 | -0.1% | -4.8% | 23761504.0% | 90.08% |
2020 | 3.5% | -1.5% | 17057.9% | 61.39% |
2019 | 3.1% | 0.2% | 3514.6% | 93.00% |
NAV & Total Return History
NSITX - Holdings
Concentration Analysis
NSITX | Category Low | Category High | NSITX % Rank | |
---|---|---|---|---|
Net Assets | 434 M | 3.22 M | 71.9 B | 51.46% |
Number of Holdings | 189 | 4 | 13418 | 60.58% |
Net Assets in Top 10 | 60.6 M | -317 M | 3.45 B | 58.86% |
Weighting of Top 10 | 15.44% | 1.9% | 100.1% | 60.49% |
Top 10 Holdings
- KY KYSPWR 01/01/2049 2.23%
- AL BBEUTL 05/01/2053 2.12%
- Northern Inst Fds GOVT PTFL 1.60%
- TX GRASCD 4 02/15/2033 1.38%
- DC METAPT 5 10/01/2026 1.38%
- NY NYSTRN 5 03/15/2029 1.38%
- NY NYSDEV 5 09/15/2028 1.37%
- MA MAS 5 09/01/2027 1.35%
- OH OHS 5 05/01/2028 1.34%
- TX TXS 5 10/01/2029 1.30%
Asset Allocation
Weighting | Return Low | Return High | NSITX % Rank | |
---|---|---|---|---|
Bonds | 97.39% | 0.00% | 150.86% | 78.32% |
Cash | 2.61% | -50.86% | 43.45% | 20.31% |
Stocks | 0.00% | 0.00% | 99.89% | 62.07% |
Preferred Stocks | 0.00% | 0.00% | 0.08% | 56.07% |
Other | 0.00% | -3.72% | 51.88% | 57.27% |
Convertible Bonds | 0.00% | 0.00% | 0.93% | 55.90% |
Bond Sector Breakdown
Weighting | Return Low | Return High | NSITX % Rank | |
---|---|---|---|---|
Municipal | 98.24% | 44.39% | 100.00% | 51.90% |
Cash & Equivalents | 1.60% | 0.00% | 43.45% | 20.77% |
Derivative | 0.00% | -3.72% | 51.88% | 53.88% |
Securitized | 0.00% | 0.00% | 5.93% | 56.43% |
Corporate | 0.00% | 0.00% | 9.41% | 64.02% |
Government | 0.00% | 0.00% | 52.02% | 59.56% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | NSITX % Rank | |
---|---|---|---|---|
US | 97.39% | 0.00% | 142.23% | 75.71% |
Non US | 0.00% | 0.00% | 23.89% | 58.13% |
NSITX - Expenses
Operational Fees
NSITX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.51% | 0.01% | 8.02% | 81.74% |
Management Fee | 0.43% | 0.00% | 1.20% | 49.60% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.01% | 0.44% | 86.17% |
Sales Fees
NSITX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 0.50% | 4.75% | N/A |
Deferred Load | N/A | 0.25% | 5.00% | N/A |
Trading Fees
NSITX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 1.00% | 1.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
NSITX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 94.18% | 0.00% | 283.00% | 98.19% |
NSITX - Distributions
Dividend Yield Analysis
NSITX | Category Low | Category High | NSITX % Rank | |
---|---|---|---|---|
Dividend Yield | 2.26% | 0.00% | 14.51% | 83.02% |
Dividend Distribution Analysis
NSITX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
NSITX | Category Low | Category High | NSITX % Rank | |
---|---|---|---|---|
Net Income Ratio | 0.87% | -0.53% | 5.33% | 90.26% |
Capital Gain Distribution Analysis
NSITX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Sep 24, 2024 | $0.019 | OrdinaryDividend |
Aug 26, 2024 | $0.022 | OrdinaryDividend |
Apr 24, 2024 | $0.018 | OrdinaryDividend |
Mar 25, 2024 | $0.018 | OrdinaryDividend |
Feb 26, 2024 | $0.019 | OrdinaryDividend |
Jan 25, 2024 | $0.021 | OrdinaryDividend |
Dec 21, 2023 | $0.018 | OrdinaryDividend |
Oct 24, 2023 | $0.019 | OrdinaryDividend |
Sep 21, 2023 | $0.015 | OrdinaryDividend |
Jul 24, 2023 | $0.018 | OrdinaryDividend |
Jun 22, 2023 | $0.016 | OrdinaryDividend |
May 24, 2023 | $0.017 | OrdinaryDividend |
Apr 24, 2023 | $0.018 | OrdinaryDividend |
Mar 23, 2023 | $0.016 | OrdinaryDividend |
Feb 23, 2023 | $0.016 | OrdinaryDividend |
Jan 24, 2023 | $0.022 | OrdinaryDividend |
Dec 15, 2022 | $0.013 | OrdinaryDividend |
Nov 22, 2022 | $0.015 | OrdinaryDividend |
Oct 24, 2022 | $0.015 | OrdinaryDividend |
Sep 22, 2022 | $0.012 | OrdinaryDividend |
Aug 24, 2022 | $0.014 | OrdinaryDividend |
Jul 21, 2022 | $0.010 | OrdinaryDividend |
Jun 23, 2022 | $0.010 | OrdinaryDividend |
May 24, 2022 | $0.011 | OrdinaryDividend |
Apr 21, 2022 | $0.009 | OrdinaryDividend |
Mar 24, 2022 | $0.007 | OrdinaryDividend |
Feb 28, 2022 | $0.008 | OrdinaryDividend |
Jan 24, 2022 | $0.010 | OrdinaryDividend |
Dec 16, 2021 | $0.095 | OrdinaryDividend |
Nov 23, 2021 | $0.007 | OrdinaryDividend |
Oct 25, 2021 | $0.008 | OrdinaryDividend |
Sep 23, 2021 | $0.007 | OrdinaryDividend |
Aug 24, 2021 | $0.007 | OrdinaryDividend |
Jul 26, 2021 | $0.008 | OrdinaryDividend |
Jun 24, 2021 | $0.007 | OrdinaryDividend |
May 24, 2021 | $0.008 | OrdinaryDividend |
Apr 22, 2021 | $0.007 | OrdinaryDividend |
Mar 24, 2021 | $0.008 | OrdinaryDividend |
Feb 24, 2021 | $0.008 | OrdinaryDividend |
Jan 25, 2021 | $0.011 | OrdinaryDividend |
Dec 17, 2020 | $0.162 | OrdinaryDividend |
Nov 24, 2020 | $0.009 | OrdinaryDividend |
Oct 26, 2020 | $0.009 | OrdinaryDividend |
Sep 24, 2020 | $0.009 | OrdinaryDividend |
Aug 24, 2020 | $0.010 | OrdinaryDividend |
Jul 23, 2020 | $0.011 | OrdinaryDividend |
Jun 24, 2020 | $0.011 | OrdinaryDividend |
May 26, 2020 | $0.013 | OrdinaryDividend |
Apr 23, 2020 | $0.013 | OrdinaryDividend |
Mar 24, 2020 | $0.012 | OrdinaryDividend |
Feb 24, 2020 | $0.014 | OrdinaryDividend |
Jan 23, 2020 | $0.016 | OrdinaryDividend |
Dec 19, 2019 | $0.000 | OrdinaryDividend |
Dec 19, 2019 | $0.048 | CapitalGainShortTerm |
Dec 19, 2019 | $0.008 | CapitalGainLongTerm |
Nov 21, 2019 | $0.000 | OrdinaryDividend |
Oct 24, 2019 | $0.000 | OrdinaryDividend |
Sep 24, 2019 | $0.000 | OrdinaryDividend |
Aug 26, 2019 | $0.001 | OrdinaryDividend |
Jul 24, 2019 | $0.001 | OrdinaryDividend |
Dec 21, 2017 | $0.014 | CapitalGainLongTerm |
Dec 15, 2016 | $0.004 | CapitalGainShortTerm |
Dec 15, 2016 | $0.013 | CapitalGainLongTerm |
Dec 17, 2015 | $0.003 | CapitalGainShortTerm |
Dec 17, 2015 | $0.001 | CapitalGainLongTerm |
Apr 24, 2013 | $0.003 | CapitalGainLongTerm |
Dec 19, 2012 | $0.018 | CapitalGainLongTerm |
Dec 21, 2010 | $0.000 | CapitalGainShortTerm |
Dec 21, 2010 | $0.002 | CapitalGainLongTerm |
Dec 21, 2009 | $0.002 | CapitalGainLongTerm |
Dec 19, 2008 | $0.001 | CapitalGainShortTerm |
NSITX - Fund Manager Analysis
Managers
Scott Colby
Start Date
Tenure
Tenure Rank
May 09, 2018
4.06
4.1%
Scott Colby, Officer of Northern Trust, is a portfolio manager in the tax-exempt fixed income group of Northern Trust Global Investments and manages the Northern Short-Intermediate Tax-Exempt Fund. Mr. Colby joined Northern Trust in June 2005. He joined the Tax-Exempt fixed group in April 2006 and moved into his current role as a portfolio manager in January 2013. Mr. Colby a B.A. degree in finance at Tulane University. He is an active CFA Charterholder and a member of the CFA Institute and the CFA Society of Chicago.
Reid Frankenberg
Start Date
Tenure
Tenure Rank
Oct 23, 2018
3.61
3.6%
Northern Trust Investments, Inc.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.08 | 35.05 | 7.33 | 1.58 |