Northern California Intermediate Tax-Exempt Fund (NCITX)

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Northern California Intermediate Tax-Exempt Fund (NCITX) is up 0.3% since the beginning of the year. NCITX is currently trading at $10 per share. Investors who bought $1,000 worth of NCITX shares 5 years ago would now be looking at an investment worth $1,010.

Northern California Intermediate Tax-Exempt Fund (NCITX) has returned 0.31% so far this year and 4.85% over the past 12 months. Over the last ten years, NCITX has returned 1.37% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.

Based on dividend-adjusted daily data since Sep 30, 1999, NCITX's average daily return is +0.01%, while the average monthly return is +0.27%. At this rate, an investment would double in approximately 21.4 years.

Historically, 64% of months were positive and 36% were negative. The best month was Nov 2023 with a return of +4.5%, while the worst month was Nov 2016 at -4.3%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 5 months.

On a daily basis, NCITX closed higher 36% of trading days. The best single day was Aug 19, 2025 with a return of +7.1%, while the worst single day was Aug 18, 2025 at -6.7%.

Northern California Intermediate Tax-Exempt Fund has an annualized alpha of 3.31%, beta of -0.01, and R2 of 0.00 versus S&P 500 Index. Calculated based on daily prices since September 30, 1999.

• This fund captured 9.81% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -2.38%) - a profile typical of hedging or uncorrelated assets.
• Beta of -0.01 may look defensive, but with R2 of 0.00 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
• R2 of 0.00 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

NCITX has an expense ratio of 0.45%, placing it in the medium range.

NCITX ranks 17 for risk / return — in the bottom 17% of mutual funds on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.

Northern California Intermediate Tax-Exempt Fund provided a 2.61% dividend yield over the last twelve months, with an annual payout of $0.26 per share.

The table displays the monthly dividend distributions for Northern California Intermediate Tax-Exempt Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the Northern California Intermediate 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 Intermediate Tax-Exempt Fund was 14.27%, occurring on Oct 25, 2022. Recovery took 800 trading sessions.

The current Northern California Intermediate Tax-Exempt Fund drawdown is 1.77%.

The chart below shows the rolling one-month volatility.