NOTEX — Tax-Exempt Fund
Data updated: 2026-06-10
NOTEX — Tax-Exempt Fund data: holdings, portfolio allocation, expenses, performance, cashflows, risk and SEC filings. Long Municipal - National Bond · $745.13M AUM · 0.46% expense ratio · 4.5% 1-yr return. From SEC regulatory filings.
NOTEX Fund Overview
NOTEX — 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: $745.13M
- 1-year return: 4.5%
- Ticker: NOTEX
- SEC CIK: 0000916620
- SEC series ID: S000001260
- Share class ID: C000003406
NOTEX Holdings
Top 10 holdings of Tax-Exempt Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Illinois State Toll 5.00% | 0.87% |
| Triborough Bridge & 5.00% | 0.87% |
| Kentucky Public Energ Var | 0.85% |
| California Community Var | 0.85% |
| City Of New York Ny Var | 0.81% |
| School District Of 5.00% | 0.78% |
| County Of Miami-Dad 3.00% | 0.73% |
| City Of Salt Lake C 5.00% | 0.71% |
| Commonwealth Of Mas 5.25% | 0.71% |
| New York City Munic 5.00% | 0.70% |
NOTEX Portfolio Allocation
Asset-class allocation of Tax-Exempt Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Fixed Income | 101.9% |
| Cash & Equivalents | 0.4% |
NOTEX Performance
Total returns for NOTEX (as of 2026-08-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 0.0% |
| 1 year | 4.5% |
| 3 years (annualised) | 3.0% |
| 5 years (annualised) | 0.4% |
NOTEX Risk Information
Risk metrics for NOTEX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 3.8%
NOTEX Costs and Fees
NOTEX costs about $46 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.46%
- Gross expense ratio: 0.51%
- Portfolio turnover: 39%
- Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)
NOTEX Cashflows
Over the 12 months to 2026-03, Tax-Exempt Fund had net outflows of $36.20M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-03 | $5.09M |
| 2026-02 | −$1.93M |
| 2026-01 | −$5.31M |
| 2025-12 | −$6.33M |
| 2025-11 | −$2.83M |
| 2025-10 | $8.60M |
NOTEX Debt Constituents
Largest debt holdings of Tax-Exempt Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| Illinois State Toll 5.00% | 0.87% |
| Triborough Bridge & 5.00% | 0.87% |
| Kentucky Public Energ Var | 0.85% |
| California Community Var | 0.85% |
| City Of New York Ny Var | 0.81% |
| School District Of 5.00% | 0.78% |
| County Of Miami-Dad 3.00% | 0.73% |
| City Of Salt Lake C 5.00% | 0.71% |
| Commonwealth Of Mas 5.25% | 0.71% |
| New York City Munic 5.00% | 0.70% |
NOTEX Prospectus and SEC Filings
Official Tax-Exempt Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
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.