Continue to site >
Trending ETFs

Name

As of 10/12/2023

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Idaho Tax-Exempt Fund

NITEX | Fund

$5.14

$10.4 M

0.00%

0.67%

Vitals

YTD Return

0.1%

1 yr return

2.6%

3 Yr Avg Return

-1.4%

5 Yr Avg Return

1.3%

Net Assets

$10.4 M

Holdings in Top 10

27.7%

52 WEEK LOW AND HIGH

$5.1
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.67%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 9.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$1,000

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 10/12/2023

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Idaho Tax-Exempt Fund

NITEX | Fund

$5.14

$10.4 M

0.00%

0.67%

NITEX - Profile

Distributions

  • YTD Total Return 0.1%
  • 3 Yr Annualized Total Return -1.4%
  • 5 Yr Annualized Total Return 1.3%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.75%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Idaho Tax-Exempt Fund
  • Fund Family Name
    Saturna Capital
  • Inception Date
    Jun 17, 1994
  • Shares Outstanding
    N/A
  • Share Class
    Other
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Elizabeth Alm

Fund Description

Idaho Tax-Exempt Fund invests in debt securities issued by the State of Idaho and its political subdivisions. These municipal bonds, notes, and commercial paper may be in various forms, including general obligation bonds, revenue bonds, mortgage bonds, certificates of participation, local improvement district bonds, and refunding bonds.
The Fund buys investment-grade bonds, meaning those rated BBB or higher by a national bond rating agency (e.g., Standard & Poor's), or, if unrated, of equivalent quality in the opinion of the adviser, considered at the time of purchase. At least 40% of bonds that the Fund buys must be rated A or higher or, if unrated, of equivalent quality, on a similar basis. Factors used in bond evaluations include such information as the bond district's financial position, population size, employment trends, economic activity, and diversification. The portfolio's dollar-weighted average effective maturity is expected to range between 6 and 15 years. In accordance with the fundamental investment policies of the Fund, under normal circumstances, at least 80% of net assets are invested in debt securities generating income exempt from both federal and Idaho income tax.
Bonds subject to AMT do not count as satisfying the Fund's requirement to invest 80% of its net assets in debt securities generating tax-exempt income.
Read More

NITEX - Performance

Return Ranking - Trailing

Period NITEX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.1% -6.3% 34.6% 87.46%
1 Yr 2.6% -6.1% 31.3% 32.65%
3 Yr -1.4%* -11.9% 6087.1% 31.57%
5 Yr 1.3%* -5.4% 1101.9% 25.09%
10 Yr 1.7%* -0.4% 247.6% 53.80%

* Annualized

Return Ranking - Calendar

Period NITEX Return Category Return Low Category Return High Rank in Category (%)
2023 -6.8% -40.2% 0.3% 15.64%
2022 -1.4% -5.6% 6.9% 89.37%
2021 1.8% -2.6% 310.0% 44.19%
2020 3.9% 0.0% 26.0% 41.76%
2019 -1.3% -25.2% 11.0% 22.25%

Total Return Ranking - Trailing

Period NITEX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.1% -6.3% 34.6% 87.46%
1 Yr 2.6% -6.1% 31.3% 32.65%
3 Yr -1.4%* -11.9% 6087.1% 31.57%
5 Yr 1.3%* -5.4% 1101.9% 25.09%
10 Yr 1.7%* -0.4% 247.6% 53.80%

* Annualized

Total Return Ranking - Calendar

Period NITEX Return Category Return Low Category Return High Rank in Category (%)
2023 -4.9% -40.2% 1.1% 13.64%
2022 0.2% -4.8% 23761504.0% 82.31%
2021 3.8% -1.5% 17127.1% 64.52%
2020 6.1% 0.2% 3514.6% 60.22%
2019 0.9% -11.3% 15.0% 36.82%

NAV & Total Return History


NITEX - Holdings

Concentration Analysis

NITEX Category Low Category High NITEX % Rank
Net Assets 10.4 M 3.48 M 68.1 B 98.74%
Number of Holdings 53 2 13001 96.53%
Net Assets in Top 10 3.3 M -317 M 5.07 B 97.92%
Weighting of Top 10 27.66% 1.4% 141.8% 15.29%

Top 10 Holdings

  1. ID CANSCD 4 09/15/2028 3.42%
  2. ID NZPSCD 5 09/15/2029 2.96%
  3. ID IDSGEN 5 12/01/2033 2.95%
  4. ID ADASCD 5 08/15/2032 2.83%
  5. ID IDF 4 09/15/2028 2.70%
  6. ID BNV 5 09/15/2032 2.63%
  7. ID IDSGEN 4 09/15/2032 2.62%
  8. ID TWISCD 4.25 09/15/2030 2.55%
  9. ID IDSMED 3.25 12/01/2028 2.53%
  10. ID FREGEN 4 09/01/2031 2.47%

Asset Allocation

Weighting Return Low Return High NITEX % Rank
Bonds
88.72% 0.00% 150.86% 97.03%
Cash
11.28% -50.86% 48.14% 1.70%
Stocks
0.00% 0.00% 99.82% 10.66%
Preferred Stocks
0.00% 0.00% 0.52% 0.19%
Other
0.00% -8.54% 33.35% 14.14%
Convertible Bonds
0.00% 0.00% 0.93% 0.38%

Bond Sector Breakdown

Weighting Return Low Return High NITEX % Rank
Municipal
95.61% 44.39% 100.00% 77.55%
Derivative
0.00% -8.54% 28.69% 9.53%
Cash & Equivalents
0.00% 0.00% 48.14% 58.40%
Securitized
0.00% 0.00% 5.93% 2.16%
Corporate
0.00% 0.00% 9.41% 20.10%
Government
0.00% 0.00% 52.02% 7.93%

Bond Geographic Breakdown

Weighting Return Low Return High NITEX % Rank
US
88.72% 0.00% 142.23% 95.52%
Non US
0.00% 0.00% 23.89% 9.47%

NITEX - Expenses

Operational Fees

NITEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.67% 0.03% 20.65% 56.33%
Management Fee 0.50% 0.00% 1.20% 79.12%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.44% N/A

Sales Fees

NITEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.50% 4.75% N/A
Deferred Load N/A 0.25% 5.00% N/A

Trading Fees

NITEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 1.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

NITEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 9.00% 0.00% 283.00% 16.31%

NITEX - Distributions

Dividend Yield Analysis

NITEX Category Low Category High NITEX % Rank
Dividend Yield 0.00% 0.00% 4.70% 72.11%

Dividend Distribution Analysis

NITEX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

NITEX Category Low Category High NITEX % Rank
Net Income Ratio 1.75% -0.53% 5.33% 60.74%

Capital Gain Distribution Analysis

NITEX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

View More +

NITEX - Fund Manager Analysis

Managers

Elizabeth Alm


Start Date

Tenure

Tenure Rank

Mar 27, 2020

2.18

2.2%

Ms. Elizabeth Alm CFA®, is a senior investment analyst and deputy portfolio manager for Saturna Capital Corporation. From 2007 to 2018, Ms. Alm was a senior research analyst with Wells Fargo Asset Management focusing on high-yield municipal bonds.

Christopher Lang


Start Date

Tenure

Tenure Rank

Mar 27, 2020

2.18

2.2%

Mr. Christopher W. Lang CFA®, joined Saturna Capital in 2005. For Saturna Capital he has worked in mutual fund operations, investment research, and is Vice President of Saturna Brokerage Services, Inc.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 35.05 7.34 1.58