Northern Tax Exempt Fund

Class No Load (NOTEX)
Scorecard
3 / 5 Stars
Lipper
3 3 2 5 1
Zacks Investment Research
1 (Strong Buy)
Standard & Poor's
5 / 5 Stars
TheStreet.com
A (Buy)

#10 in Muni National Long

U.S. News evaluated 58 Muni National Long Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.

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Performance

The fund has returned 7.26 percent over the past year, 5.76 percent over the past three years, 5.68 percent over the past five years, and 4.80 percent over the past decade.

Trailing Returns Updated 06.30.2014
Year to date 6.9%
1 Year 7.3%
3 Years (Annualized) 5.8%
5 Years (Annualized) 5.7%
10 Years (Annualized) 4.8%

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Summary

The investment seeks to provide a high level of current income exempt from regular federal income tax. The fund invests at least 80% of net assets in debt instruments that pay interest that is exempt from regular federal income tax. During temporary defensive periods, all or any portion of its assets may be held uninvested or invested in AMT obligations and taxable instruments. The fund's dollar-weighted average maturity, under normal circumstances, will range between ten and thirty years. It may invest to a limited extent in obligations that are rated below-investment grade (commonly referred to as "junk bonds").

Fees

Fees are Average compared to funds in the same category.
Northern Tax Exempt Fund has an expense ratio of 0.45 percent.

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Risk

Risk is Average compared to funds in the same category according to Morningstar.

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