NTFIX Performance — North Carolina Tax-Free Income Series
Data updated: 2026-10-13
NTFIX returned −4.50% year to date and −3.05% over one year to Sep 2026. Annualised returns are +2.20% over 3 years and −0.90% over 5 years. Against its Intermediate Municipal Bond category average the fund came out behind over three years but ahead over one: $100 invested three years ago grew to $107, against $107 for the category, and to $97 over one year, against $97. Volatility over the past three years was 5.57% a year. In the 12 months to Jun 2026 the fund lost a net $5.2M, and assets reached $98.38M.
NTFIX Growth of $100
What $100 invested in North Carolina Tax-Free Income Series grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Intermediate Municipal Bond category average over the same months.
| Period | NTFIX | Category average |
|---|---|---|
| 1 year (Oct 2025 – Sep 2026) | $97 | $97 |
| 3 years (Oct 2023 – Sep 2026) | $107 | $107 |
| 5 years (Oct 2021 – Sep 2026) | $96 | $98 |
| Since data start (Jul 2019 – Sep 2026) | $103 | $105 |
NTFIX Trailing Returns
Total returns to Sep 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | −4.50% |
| 1 year | −3.05% |
| 3 years (annualised) | +2.20% |
| 5 years (annualised) | −0.90% |
NTFIX Annual Returns
Calendar-year total returns of North Carolina Tax-Free Income Series, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Sep) | −4.50% |
| 2025 | +3.77% |
| 2024 | +0.73% |
| 2023 | +4.86% |
| 2022 | −9.34% |
| 2021 | +1.19% |
| 2020 | +5.04% |
| 2019 (Jul–Dec) | +1.79% |
NTFIX 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% | +1.0% | −1.7% | +1.2% | +0.4% | +0.7% | −1.9% | −0.6% | −4.6% | — | — | — |
| 2025 | +0.4% | +0.8% | −1.7% | −0.2% | 0.0% | +0.1% | −0.4% | +0.8% | +2.5% | +1.3% | +0.2% | 0.0% |
| 2024 | −0.2% | 0.0% | 0.0% | −0.9% | −0.4% | +1.4% | +0.4% | +0.6% | +0.7% | −1.2% | +1.4% | −1.1% |
| 2023 | +2.4% | −1.8% | +1.8% | −0.1% | −0.9% | +0.7% | +0.4% | −1.4% | −2.8% | −0.9% | +5.9% | +1.8% |
| 2022 | −2.5% | −0.4% | −3.4% | −2.6% | +0.7% | −1.7% | +1.9% | −1.8% | −4.1% | −0.7% | +4.8% | +0.2% |
| 2021 | +0.3% | −1.6% | +0.6% | +1.0% | +0.4% | 0.0% | +0.8% | −0.6% | −0.6% | −0.2% | +1.0% | 0.0% |
| 2020 | +1.8% | +1.5% | −2.7% | −1.4% | +3.3% | +0.2% | +1.5% | −0.7% | −0.1% | −0.2% | +1.5% | +0.3% |
| 2019 | — | — | — | — | — | — | +0.6% | +1.9% | −1.0% | −0.1% | +0.2% | +0.1% |
NTFIX Risk
Risk measures from monthly returns over Oct 2023 – Sep 2026.
- 3-year volatility (annualised): 5.57%
- 3-year Sharpe ratio: -0.41 (vs 4.5% risk-free rate)
- Best month: +5.94% (Nov 2023)
- Worst month: −4.57% (Sep 2026)
NTFIX Fund Flows
Monthly money in and out of North Carolina Tax-Free Income Series, from SEC Form N-PORT.
- 12-month net flow: −$5.2M
- 12-month gross sales (incl. reinvestments): $14.0M
- Sales ÷ redemptions: 0.73×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jun 2026 | $1.4M | $1.1M | $296K |
| May 2026 | $2.3M | $1.8M | $503K |
| Apr 2026 | $1.6M | $868K | $707K |
| Mar 2026 | $1.4M | $1.5M | −$113K |
| Feb 2026 | $556K | $1.7M | −$1.1M |
| Jan 2026 | $1.5M | $913K | $621K |
| Dec 2025 | $1.3M | $1.5M | −$263K |
| Nov 2025 | $1.1M | $4.1M | −$2.9M |
| Oct 2025 | $1.1M | $0 | $1.1M |
| Sep 2025 | $1.2M | $2.5M | −$1.2M |
| Aug 2025 | $176K | $1.3M | −$1.2M |
| Jul 2025 | $360K | $1.9M | −$1.6M |
NTFIX Assets Under Management
Net assets of North Carolina Tax-Free Income Series by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-09-30 | $98.38M |
| 2026-06-30 | $107.44M |
| 2026-03-31 | $104.33M |
| 2025-12-31 | $105.57M |
| 2025-09-30 | $107.85M |
| 2025-06-30 | $109.58M |
| 2025-03-31 | $105.32M |
| 2024-12-31 | $107.80M |
| 2024-09-30 | $116.18M |
| 2024-06-30 | $114.98M |
| 2024-03-31 | $114.99M |
| 2023-12-31 | $117.05M |
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.