NOITX Performance — Intermediate Tax-Exempt Fund
Data updated: 2026-08-28
NOITX returned +1.60% year to date and +5.71% over one year to Jun 2026. Annualised returns are +3.65% over 3 years and +0.92% over 5 years. Against its Intermediate Municipal Bond category average the fund came out ahead over three years but behind over one: $100 invested three years ago grew to $111, against $111 for the category, and to $106 over one year, against $106. Volatility over the past three years was 4.18% a year. In the 12 months to Jun 2026 the fund took in a net $73.3M, and assets reached $1.17B.
NOITX Growth of $100
What $100 invested in 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 | NOITX | Category average |
|---|---|---|
| 1 year (Jul 2025 – Jun 2026) | $106 | $106 |
| 3 years (Jul 2023 – Jun 2026) | $111 | $111 |
| 5 years (Jul 2021 – Jun 2026) | $105 | $105 |
| Since data start (Jul 2019 – Jun 2026) | $112 | $112 |
NOITX Trailing Returns
Total returns to Jun 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +1.60% |
| 1 year | +5.71% |
| 3 years (annualised) | +3.65% |
| 5 years (annualised) | +0.92% |
NOITX Annual Returns
Calendar-year total returns of Intermediate Tax-Exempt Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jun) | +1.60% |
| 2025 | +4.82% |
| 2024 | +1.79% |
| 2023 | +5.02% |
| 2022 | −8.27% |
| 2021 | +0.63% |
| 2020 | +4.66% |
| 2019 (Jul–Dec) | +1.96% |
NOITX 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 | +0.9% | +1.1% | −2.1% | +0.9% | +0.4% | +0.5% | — | — | — | — | — | — |
| 2025 | +0.5% | +0.9% | −1.3% | −0.2% | +0.2% | +0.7% | +0.1% | +0.8% | +1.7% | +0.9% | +0.3% | +0.3% |
| 2024 | −0.3% | 0.0% | 0.0% | −0.9% | −0.1% | +1.3% | +0.9% | +0.9% | +0.8% | −1.3% | +1.4% | −1.0% |
| 2023 | +2.8% | −2.2% | +1.9% | −0.1% | −0.8% | +0.7% | +0.2% | −1.0% | −2.1% | −0.7% | +4.4% | +2.0% |
| 2022 | −2.4% | −0.5% | −3.0% | −2.8% | +1.5% | −1.6% | +2.6% | −2.4% | −3.3% | −0.8% | +4.4% | −0.1% |
| 2021 | +0.2% | −1.5% | +0.4% | +0.7% | +0.4% | +0.1% | +0.6% | −0.3% | −0.8% | −0.1% | +0.8% | +0.1% |
| 2020 | +1.6% | +1.2% | −2.9% | −0.9% | +2.7% | +0.6% | +1.3% | −0.4% | −0.1% | −0.2% | +1.4% | +0.4% |
| 2019 | — | — | — | — | — | — | +0.7% | +1.5% | −0.7% | +0.1% | +0.1% | +0.3% |
NOITX Risk
Risk measures from monthly returns over Jul 2023 – Jun 2026.
- 3-year volatility (annualised): 4.18%
- 3-year Sharpe ratio: -0.20 (vs 4.5% risk-free rate)
- Best month: +4.43% (Nov 2023)
- Worst month: −2.15% (Sep 2023)
NOITX Fund Flows
Monthly money in and out of Intermediate Tax-Exempt Fund, from SEC Form N-PORT.
- 12-month net flow: $73.3M
- 12-month gross sales (incl. reinvestments): $293.2M
- Sales ÷ redemptions: 1.33×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jun 2026 | $7.7M | $19.5M | −$11.8M |
| May 2026 | $8.5M | $18.6M | −$10.1M |
| Apr 2026 | $13.2M | $17.9M | −$4.7M |
| Mar 2026 | $44.5M | $25.8M | $18.7M |
| Feb 2026 | $65.0M | $9.6M | $55.4M |
| Jan 2026 | $31.6M | $17.5M | $14.0M |
| Dec 2025 | $13.1M | $29.7M | −$16.5M |
| Nov 2025 | $23.7M | $17.1M | $6.6M |
| Oct 2025 | $28.5M | $10.4M | $18.1M |
| Sep 2025 | $32.0M | $16.5M | $15.5M |
| Aug 2025 | $14.5M | $19.3M | −$4.9M |
| Jul 2025 | $11.0M | $17.9M | −$6.8M |
NOITX Assets Under Management
Net assets of Intermediate Tax-Exempt Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-06-30 | $1.17B |
| 2026-03-31 | $1.19B |
| 2025-12-31 | $1.11B |
| 2025-09-30 | $1.10B |
| 2025-06-30 | $1.08B |
| 2025-03-31 | $1.05B |
| 2024-12-31 | $1.11B |
| 2024-09-30 | $1.19B |
| 2024-06-28 | $1.19B |
| 2024-03-28 | $1.26B |
| 2023-12-29 | $1.27B |
| 2023-09-29 | $1.35B |
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.