NCITX Performance — California Intermediate Tax-Exempt Fund
Data updated: 2026-08-28
NCITX returned +0.80% year to date and +4.84% over one year to Jun 2026. Annualised returns are +3.46% over 3 years and +0.62% over 5 years. The fund trailed its Intermediate Municipal Bond category average: $100 invested three years ago grew to $111, against $111 for the category, and to $105 over one year, against $106. Volatility over the past three years was 4.40% a year. In the 12 months to Jun 2026 the fund took in a net $20.7M, and assets reached $258.98M.
NCITX Growth of $100
What $100 invested in California Intermediate Tax-Exempt Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Intermediate Municipal Bond category average over the same months.
| Period | NCITX | Category average |
|---|---|---|
| 1 year (Jul 2025 – Jun 2026) | $105 | $106 |
| 3 years (Jul 2023 – Jun 2026) | $111 | $111 |
| 5 years (Jul 2021 – Jun 2026) | $103 | $105 |
| Since data start (Jul 2019 – Jun 2026) | $110 | $112 |
NCITX Trailing Returns
Total returns to Jun 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +0.80% |
| 1 year | +4.84% |
| 3 years (annualised) | +3.46% |
| 5 years (annualised) | +0.62% |
NCITX Annual Returns
Calendar-year total returns of California Intermediate Tax-Exempt Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jun) | +0.80% |
| 2025 | +4.91% |
| 2024 | +1.85% |
| 2023 | +4.90% |
| 2022 | −8.94% |
| 2021 | +0.41% |
| 2020 | +4.58% |
| 2019 (Jul–Dec) | +1.72% |
NCITX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +0.8% | +1.2% | −2.6% | +0.7% | +0.2% | +0.4% | — | — | — | — | — | — |
| 2025 | +0.3% | +1.0% | −1.4% | −0.4% | +0.4% | +0.9% | +0.3% | +0.9% | +1.3% | +0.8% | +0.2% | +0.2% |
| 2024 | −0.2% | +0.1% | −0.1% | −1.0% | −0.4% | +1.6% | +0.8% | +1.0% | +1.0% | −1.3% | +1.3% | −1.1% |
| 2023 | +2.8% | −2.3% | +2.0% | −0.2% | −1.0% | +0.8% | +0.3% | −1.1% | −2.2% | −0.7% | +4.5% | +2.1% |
| 2022 | −2.8% | −0.6% | −3.1% | −3.2% | +1.5% | −1.5% | +2.5% | −2.2% | −3.4% | −0.5% | +4.3% | 0.0% |
| 2021 | +0.3% | −1.7% | +0.5% | +0.8% | +0.1% | +0.1% | +0.7% | −0.3% | −0.7% | −0.2% | +0.6% | +0.1% |
| 2020 | +1.7% | +1.1% | −3.3% | −1.1% | +3.2% | +0.4% | +1.6% | −0.4% | 0.0% | −0.3% | +1.4% | +0.4% |
| 2019 | — | — | — | — | — | — | +0.8% | +1.4% | −0.9% | +0.1% | +0.1% | +0.2% |
NCITX Risk
Risk measures from monthly returns over Jul 2023 – Jun 2026.
- 3-year volatility (annualised): 4.40%
- 3-year Sharpe ratio: -0.24 (vs 4.5% risk-free rate)
- Best month: +4.50% (Nov 2023)
- Worst month: −2.60% (Mar 2026)
NCITX Fund Flows
Monthly money in and out of California Intermediate Tax-Exempt Fund, from SEC Form N-PORT.
- 12-month net flow: $20.7M
- 12-month gross sales (incl. reinvestments): $69.4M
- Sales ÷ redemptions: 1.42×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jun 2026 | $2.6M | $2.4M | $224K |
| May 2026 | $5.0M | $2.6M | $2.4M |
| Apr 2026 | $3.7M | $901K | $2.8M |
| Mar 2026 | $4.7M | $1.6M | $3.0M |
| Feb 2026 | $3.0M | $2.2M | $852K |
| Jan 2026 | $17.8M | $1.5M | $16.3M |
| Dec 2025 | $8.1M | $16.0M | −$7.9M |
| Nov 2025 | $6.9M | $7.7M | −$762K |
| Oct 2025 | $6.7M | $4.5M | $2.2M |
| Sep 2025 | $4.2M | $1.9M | $2.3M |
| Aug 2025 | $3.5M | $5.3M | −$1.8M |
| Jul 2025 | $3.1M | $2.2M | $982K |
NCITX Assets Under Management
Net assets of California Intermediate Tax-Exempt Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-06-30 | $258.98M |
| 2026-03-31 | $251.66M |
| 2025-12-31 | $234.85M |
| 2025-09-30 | $240.01M |
| 2025-06-30 | $233.93M |
| 2025-03-31 | $221.48M |
| 2024-12-31 | $231.92M |
| 2024-09-30 | $248.62M |
| 2024-06-28 | $245.81M |
| 2024-03-28 | $249.38M |
| 2023-12-29 | $256.09M |
| 2023-09-29 | $250.94M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.