NOAZX — Arizona Tax-Exempt Fund
Data updated: 2026-08-28
NOAZX — Arizona Tax-Exempt Fund. Long Municipal - National Bond · $54.39M AUM · 0.47% expense ratio. Holdings, fees, performance and SEC filings.
NOAZX Fund Overview
NOAZX — Arizona 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: $54.39M
- 1-year return: 6.5%
- Ticker: NOAZX
- SEC CIK: 0000916620
- SEC series ID: S000001249
- Share class ID: C000003395
NOAZX Holdings
Top 10 holdings of Arizona Tax-Exempt Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Maricopa County Ind 5.00% | 2.32% |
| City Of Glendale Az 5.00% | 2.07% |
| County Of Pinal Az 5.25% | 1.98% |
| Salt Verde Finl. Co. 5.00% | 1.94% |
| Town Of Queen Creek 5.00% | 1.91% |
| City Of Phoenix Civ 5.00% | 1.91% |
| City Of Phoenix Civ 3.25% | 1.91% |
| Maricopa County Ind 5.00% | 1.88% |
| City Of Phoenix Civ 5.00% | 1.88% |
| Maricopa County Ele 5.00% | 1.87% |
NOAZX Portfolio Allocation
Asset-class allocation of Arizona Tax-Exempt Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Fixed Income | 98.5% |
| Cash & Equivalents | 1.4% |
NOAZX Performance
Total returns for NOAZX (as of 2026-09-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 2.0% |
| 1 year | 6.5% |
| 3 years (annualised) | 3.4% |
| 5 years (annualised) | 0.6% |
NOAZX Risk Information
Risk metrics for NOAZX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 3.5%
NOAZX Costs and Fees
NOAZX costs about $47 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.47%
- Gross expense ratio: 0.70%
- Portfolio turnover: 35%
- Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)
NOAZX Cashflows
Over the 12 months to 2026-06, Arizona Tax-Exempt Fund had net inflows of $1.51M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-06 | −$46.83K |
| 2026-05 | $179.07K |
| 2026-04 | −$721.53K |
| 2026-03 | −$419.94K |
| 2026-02 | $2.52M |
| 2026-01 | −$49.62K |
NOAZX Debt Constituents
Largest debt holdings of Arizona Tax-Exempt Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| Maricopa County Ind 5.00% | 2.32% |
| City Of Glendale Az 5.00% | 2.07% |
| County Of Pinal Az 5.25% | 1.98% |
| Salt Verde Finl. Co. 5.00% | 1.94% |
| Town Of Queen Creek 5.00% | 1.91% |
| City Of Phoenix Civ 5.00% | 1.91% |
| City Of Phoenix Civ 3.25% | 1.91% |
| Maricopa County Ind 5.00% | 1.88% |
| City Of Phoenix Civ 5.00% | 1.88% |
| Maricopa County Ele 5.00% | 1.87% |
NOAZX Prospectus and SEC Filings
Official Arizona 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.