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NOTEX Northern Tax-Exempt

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Fund NOTEX Northern Tax-Exempt VWLTX Vanguard Long-Term Tax-Exempt PZA PowerShares National AMT-Free MuniBd ETF  
100% 87% 85%
Annual Fees
(0.46% Exp. Ratio)
(0.20% Exp. Ratio)
(0.28% Exp. Ratio)
Future Est. Balance in 30 yrs
Assuming 2.06% annual return
$16,072.89 $17,381.25 $16,968.09
Est. savings over 30 yrs +$1,308.36 +$895.20
As of 9/30/16
1 YR RETURN 5.80%
3 YR 6.07%
5 YR 4.69%
10 YR 4.74%
1 YR RETURN 7.01%
3 YR 6.72%
5 YR 5.32%
10 YR 4.86%
1 YR RETURN 7.36%
3 YR 7.89%
5 YR 5.51%
10 YR --
The investment seeks to provide a high level of current income exempt from regular federal income tax. In seeking high current income exempt from regular federal income tax, the fund will invest in municipal instruments. A municipal instrument is a fixed-income obligation issued by a state, territory or possession of the United States (including the District of Columbia) or a political subdivision, agency or instrumentality thereof. Except in extraordinary circumstances, at least 80% of the fund's net assets will be invested in debt instruments that pay interest that is exempt from regular federal income tax.
The investment seeks a high 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 10 to 25 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) (e.g., Aaa, Aa, and A by Moody's Investors Service, Inc. (Moody's)) or, if unrated, determined to be of comparable quality by the advisor.
The investment seeks investment results that generally correspond (before fees and expenses) to the price and yield of the BofA Merrill Lynch National Long-Term Core Plus Municipal Securities Index. The fund generally will invest at least 80% of its total assets in municipal securities that comprise the underlying index and that also are exempt from the federal alternative minimum tax ("AMT"). The underlying index is composed of U.S. dollar-denominated, investment grade, tax-exempt debt publicly issued by U.S. states and territories or their political subdivisions, in the U.S. domestic market with a term of at least 15 years remaining to final maturity.

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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.

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