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NOITX Northern Intermediate Tax-Exempt

7 lower fee alternatives found

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Fund NOITX Northern Intermediate Tax-Exempt SFBDX State Farm Municipal Bond VWITX Vanguard Interm-Term Tx-Ex Inv  
Similarity
?
100% 89% 91%
Annual Fees
?
$47.96
(0.47% Exp. Ratio)
$16.33
(0.16% Exp. Ratio)
$20.41
(0.20% Exp. Ratio)
Future Est. Balance in 30 yrs
Assuming 2.04% annual return
$15,922.62 $17,479.60 $17,270.73
Est. savings over 30 yrs +$1,556.98 +$1,348.11
Return
As of 11/30/16
1 YR RETURN -0.63%
3 YR 2.58%
5 YR 2.55%
10 YR 3.40%
1 YR RETURN -0.16%
3 YR 2.92%
5 YR 2.82%
10 YR 4.01%
1 YR RETURN -0.22%
3 YR 2.97%
5 YR 3.01%
10 YR 3.77%
Description
The investment seeks to provide a high level of current income exempt from regular federal income tax. The fund invests at least 80% of the fund's net assets in debt instruments that pay interest that is exempt from regular federal income tax. During temporary defensive periods, all or any portion of its assets may be held uninvested or invested in AMT obligations and taxable instruments. The fund's dollar-weighted average maturity, under normal circumstances, will range between three and ten years. It may invest to a limited extent in obligations that are rated below-investment grade (commonly referred to as "junk bonds").
The investment seeks as high a rate of income exempt from federal income taxes as is consistent with prudent investment management. The fund invests primarily in a diversified selection of municipal bonds (for example, general obligation bonds of a state or bonds financing a specific project) with maturities of one to seventeen years. A majority of the fund's investments are in issues with maturities longer than five years. It normally invests at least 70% of its total assets in municipal bonds rated A or better by Moody's or S&P, meaning that up to 30% of the fund's total assets may be invested in medium and lower-quality bonds.
The investment seeks a moderate and sustainable level of current income that is exempt from federal personal income taxes. The fund has no limitations on the maturity of individual securities but is expected to maintain a dollar-weighted average maturity of 6 to 12 years. At least 75% of the securities held by the fund are municipal bonds in the top three credit-rating categories as determined by a nationally recognized statistical rating organization (NRSRO) or, if unrated, determined to be of comparable quality by the advisor.

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The fees, balance and savings information above are estimated numbers, based on the data FeeX had at the day of publication, but may not be accurate due to incomplete or erroneous data.

The best choice is based on a combined analysis of lowest fees and highest similarity to the original fund.

Similarity

FeeX's similarity algorithm analyzes over 15 investment characteristics like investment category, asset allocation, strategy, geographical allocation and more. FeeX gives each its own weight and calculates the similarity of any two investments based on a scale of 0 to 100%. Funds with a similarity ranking of 85% and higher are considered "similar".

Yes, funds and ETFs charge fees

Deep within every fund you own lies a hidden fee called expense ratio. It takes away a set % of your savings each and every year. It can often be easily reduced by switching to similar investments with lower expense ratios.

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