Northern California Tax Exempt Fund (NCATX)
The fund normally invests at least 80% of the fund's net assets will be invested in instruments that pay income that is exempt from California state personal income tax. Except in extraordinary circumstances, at least 80% of its net assets will be invested in debt instruments that pay interest that is exempt from regular federal income tax. The fund's dollar-weighted average maturity will range between ten and thirty years. The fund is non-diversified.
Fund Info
ISIN | US6651627316 |
---|---|
CUSIP | 665162731 |
Issuer | Northern Funds |
Inception Date | Apr 7, 1997 |
Category | Municipal Bonds |
Min. Investment | $2,500 |
Asset Class | Bond |
Expense Ratio
NCATX has a high expense ratio of 0.45%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Northern California Tax Exempt Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Northern California Tax Exempt Fund had a return of -0.34% year-to-date (YTD) and 2.98% in the last 12 months. Over the past 10 years, Northern California Tax Exempt Fund had an annualized return of 2.32%, while the S&P 500 had an annualized return of 10.66%, indicating that Northern California Tax Exempt Fund did not perform as well as the benchmark.
Period | Return | Benchmark |
---|---|---|
Year-To-Date | -0.34% | 9.31% |
1 month | 0.55% | 0.08% |
6 months | 5.40% | 19.94% |
1 year | 2.98% | 26.02% |
5 years (annualized) | 0.74% | 12.62% |
10 years (annualized) | 2.32% | 10.66% |
Monthly Returns Heatmap
Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
2024 | -0.26% | 0.08% | -0.04% | -1.07% | ||||||||
2023 | -1.21% | 5.94% | 2.46% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of NCATX is 22, indicating that it is in the bottom 22% of mutual funds on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
NCATX (Northern California Tax Exempt Fund)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Northern California Tax Exempt Fund (NCATX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Northern California Tax Exempt Fund granted a 3.09% dividend yield in the last twelve months. The annual payout for that period amounted to $0.32 per share.
Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Dividend | $0.32 | $0.32 | $0.37 | $0.27 | $0.34 | $0.27 | $0.40 | $0.42 | $0.46 | $0.38 | $0.42 | $0.58 |
Dividend yield | 3.09% | 2.98% | 3.62% | 2.33% | 2.85% | 2.33% | 3.52% | 3.57% | 3.98% | 3.21% | 3.59% | 5.36% |
Monthly Dividends
The table displays the monthly dividend distributions for Northern California Tax Exempt Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
2024 | $0.03 | $0.03 | $0.03 | $0.03 | ||||||||
2023 | $0.03 | $0.02 | $0.02 | $0.03 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.03 |
2022 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.14 |
2021 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.04 |
2020 | $0.03 | $0.03 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.02 | $0.06 |
2019 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.07 |
2018 | $0.04 | $0.03 | $0.04 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.03 |
2017 | $0.04 | $0.03 | $0.06 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 |
2016 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.13 |
2015 | $0.04 | $0.03 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 |
2014 | $0.04 | $0.03 | $0.04 | $0.03 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.07 | $0.04 | $0.03 |
2013 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.25 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the Northern California Tax Exempt Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Northern California Tax Exempt Fund was 15.67%, occurring on Oct 25, 2022. The portfolio has not yet recovered.
The current Northern California Tax Exempt Fund drawdown is 4.68%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
---|---|---|---|---|---|---|
-15.67% | Jul 28, 2021 | 315 | Oct 25, 2022 | — | — | — |
-13.24% | Jan 24, 2008 | 185 | Oct 16, 2008 | 80 | Feb 11, 2009 | 265 |
-11.59% | Mar 10, 2020 | 9 | Mar 20, 2020 | 94 | Aug 4, 2020 | 103 |
-9.77% | Oct 1, 2010 | 75 | Jan 18, 2011 | 121 | Jul 12, 2011 | 196 |
-9.01% | Dec 7, 2012 | 187 | Sep 5, 2013 | 151 | Apr 11, 2014 | 338 |
Volatility
Volatility Chart
The current Northern California Tax Exempt Fund volatility is 0.78%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.