NCATX — California Tax-Exempt Fund
Data updated: 2026-08-28
NCATX — California Tax-Exempt Fund. Long Municipal - National Bond · $129.50M AUM · 0.46% expense ratio. Holdings, fees, performance and SEC filings.
NCATX Fund Overview
NCATX — California Tax-Exempt Fund is a US mutual fund managed by Northern Funds, categorised as Long Municipal - National Bond. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Northern Funds
- Category: Long Municipal - National Bond
- Assets under management: $129.50M
- 1-year return: 6.5%
- Ticker: NCATX
- SEC CIK: 0000916620
- SEC series ID: S000001251
- Share class ID: C000003397
NCATX Holdings
Top 10 holdings of California Tax-Exempt Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Newport Mesa Unifie 0.00% | 3.13% |
| California Infrastruc Var | 2.70% |
| Los Angeles Communi 4.00% | 2.25% |
| Ni US Gov T Portfolio | 2.01% |
| State Of California 5.00% | 1.71% |
| State Of California 5.00% | 1.55% |
| University Of Calif 4.00% | 1.55% |
| California Health F 4.00% | 1.49% |
| California Infrastruc Var | 1.48% |
| California State Pu 5.00% | 1.39% |
NCATX Portfolio Allocation
Asset-class allocation of California Tax-Exempt Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Fixed Income | 99.3% |
| Cash & Equivalents | 2.0% |
NCATX Performance
Total returns for NCATX (as of 2026-09-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 1.9% |
| 1 year | 6.5% |
| 3 years (annualised) | 3.7% |
| 5 years (annualised) | 0.6% |
NCATX Risk Information
Risk metrics for NCATX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 3.7%
NCATX Costs and Fees
NCATX costs about $46 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.46%
- Gross expense ratio: 0.57%
- Portfolio turnover: 36%
- Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)
NCATX Cashflows
Over the 12 months to 2026-06, California Tax-Exempt Fund had net inflows of $3.16M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-06 | −$1.56M |
| 2026-05 | −$1.60M |
| 2026-04 | $95.10K |
| 2026-03 | $717.89K |
| 2026-02 | −$829.37K |
| 2026-01 | $2.82M |
NCATX Debt Constituents
Largest debt holdings of California Tax-Exempt Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| Newport Mesa Unifie 0.00% | 3.13% |
| California Infrastruc Var | 2.70% |
| Los Angeles Communi 4.00% | 2.25% |
| State Of California 5.00% | 1.71% |
| State Of California 5.00% | 1.55% |
| University Of Calif 4.00% | 1.55% |
| California Health F 4.00% | 1.49% |
| California Infrastruc Var | 1.48% |
| California State Pu 5.00% | 1.39% |
| California Community Var | 1.39% |
NCATX Prospectus and SEC Filings
Official California Tax-Exempt Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2025-07-29
- Prospectus (485BPOS) — filed 2024-07-26
- Prospectus supplement (497) — filed 2026-08-05
- Portfolio holdings (N-PORT) — filed 2026-08-28
- Portfolio holdings (N-PORT) — filed 2026-05-28
- Portfolio holdings (N-PORT) — filed 2026-02-26
- Annual census (N-CEN) — filed 2026-06-10
- Annual census (N-CEN) — filed 2025-06-12
Related Funds
Other Long Municipal - National Bond funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.