NOAZX
Arizona Tax-Exempt Fund
Northern Funds

Portfolio moves

Net position changes between two of this fund's N-PORT snapshots. These are differences between point-in-time reports — not a trade log — and share counts can be affected by splits and other corporate actions.

Dec 31, 2025 → Mar 31, 2026

Expand a category to see the positions behind it, ranked by weight.

Security Shares Dec 2025 Shares Mar 2026 Δ shares End % Δ value
YUMA AZ HOSP 5% 8/1/2029 0 700,000 700,000 1.39% $747.26K
ARIZONA ST INDL DEV AUTH NATIONAL CHRT SCH REVOLVING LOAN FD 0 625,000 625,000 1.26% $678.04K
Chandler Industrial Development Authority, Series 2019 0 550,000 550,000 1.04% $557.00K
ARIZONA INDL DL 5% 2/1/2032 Q 0 500,000 500,000 1.03% $551.54K
Maricopa (County of), AZ Industrial Development Authority (HonorHealth), Series 2024, RB 0 500,000 500,000 0.99% $533.11K
ARIZONA BOARD OF RE 5.00% 0 500,000 500,000 0.99% $531.24K
Arizona Industrial Development Authority, Senior National Charter School Revolving Loan Fund Revenue Bonds, Social Series 2026A 0 500,000 500,000 0.98% $526.23K
NORTHERN ARIZONA UN 5.00% 0 400,000 400,000 0.84% $452.56K
ARIZONA BOARD OF RE 5.00% 0 400,000 400,000 0.78% $421.18K
ARIZONA BOARD OF RE 5.00% 0 400,000 400,000 0.78% $420.30K
ARIZONA BOARD OF RE 5.00% 0 400,000 400,000 0.77% $412.48K
NEW YORK NY REGD V/R B/E 2.50000000 0 400,000 400,000 0.74% $400.00K
MARICOPA COUNTY UNI 5.00% 0 350,000 350,000 0.67% $360.83K
IA GTEMED 4.5 02/01/2029 0 200,000 200,000 0.37% $199.95K
CA CCEDEV 5 03/01/2036 0 155,000 155,000 0.30% $160.97K

No positions in this category.

No positions in this category.

Security Shares Dec 2025 Shares Mar 2026 Δ shares End % Δ value
PHX CVC APT REV 5% 7/1/2044 1,545,000 1,000,000 -545,000 1.92% -$559.25K
Maricopa (County of), AZ Industrial Development Authority (HonorHealth), Series 2019 A, Ref. RB 2,000,000 1,000,000 -1,000,000 1.90% -$1.02M
Maricopa County Special Health Care District 2,500,000 1,000,000 -1,500,000 1.86% -$1.51M
TOWN OF QUEEN CREEK 4.00% 1,250,000 1,000,000 -250,000 1.80% -$247.96K
PHOENIX CIVIC IMPT CO 1,250,000 750,000 -500,000 1.46% -$520.18K
Phoenix Civic Improvement Corporation, Arizona, Excise Tax Revenue Bonds, Subordinate Lien Series 2020A 1,000,000 750,000 -250,000 1.36% -$245.36K
Northern Institutional Funds GOVT PTFL 855,002 468,596 -386,406 0.87% -$386.41K
Security Shares Dec 2025 Shares Mar 2026 Δ shares End % Δ value
MARICOPA COUNTY IND 5.00% 1,285,000 1,285,000 0 2.46% -$19.68K
MARICOPA IDA AZ 5% 1/1/38 1,250,000 1,250,000 0 2.34% -$10.66K
CITY OF GLENDALE AZ 5.00% 1,000,000 1,000,000 0 2.07% -$28.06K
SALT VERDE FINL. CO 5.00% 1,000,000 1,000,000 0 1.96% -$29.66K
Pinal County, Arizona, Pledged Revenue Obligations, Series 2025 1,000,000 1,000,000 0 1.96% -$16.23K
PHX CVC APT REV 5% 7/1/2034 1,000,000 1,000,000 0 1.91% -$6.06K
Town of Queen Creek Excise Tax 1,000,000 1,000,000 0 1.90% -$19.32K
MARICOPA COUNTY ELE 5.00% 1,000,000 1,000,000 0 1.90% -$4.19K
Maricopa (County of), AZ Industrial Development Authority (Legacy Traditional School), Series 2025, RB 965,000 965,000 0 1.87% -$22.32K
Maricopa County Industrial Development Authority, Series 2020, RB 1,000,000 1,000,000 0 1.87% -$6.09K
City of Phoenix Civic Improvement Corp 1,330,000 1,330,000 0 1.81% -$31.87K
ARIZONA BOARD OF RE 5.00% 850,000 850,000 0 1.67% -$2.65K
CITY OF BULLHEAD AZ 4.00% 1,000,000 1,000,000 0 1.63% -$38.63K
PHOENIX CIVIC IMPT-D 840,000 840,000 0 1.60% -$3.27K
INDUSTRIAL DEVELOPM 4.00% 1,000,000 1,000,000 0 1.58% -$43.06K
ARIZONA STATE UNIVE 5.00% 795,000 795,000 0 1.56% -$10.83K
CITY OF PHOENIX AZ 5.00% 750,000 750,000 0 1.52% -$13.41K
ARIZONA BOARD OF RE 5.00% 750,000 750,000 0 1.52% -$10.68K
MARICOPA COUNTY SCH 5.00% 725,000 725,000 0 1.51% -$24.70K
GOODYEAR MCDOWELL R 3.35% 785,000 785,000 0 1.47% -$2.03K
CITY OF PHOENIX AZ 5.00% 750,000 750,000 0 1.46% -$6.77K
UNIVERSITY OF ARIZO 5.00% 705,000 705,000 0 1.41% -$3.26K
YUMA INDL. DEV. AUT 5.00% 700,000 700,000 0 1.39% -$13.53K
Salt River Project Agricultural Improvement & Power District, Series 2023 A, RB 725,000 725,000 0 1.39% -$3.84K
CITY OF PHOENIX CIV 5.00% 700,000 700,000 0 1.36% -$6.79K
City of Buckeye, Excise Tax 650,000 650,000 0 1.35% -$19.06K
Pima County Industrial Development Authority, Arizona, Revenue Bonds, Tucson Medical Center, Series 2021A 1,000,000 1,000,000 0 1.28% -$12.92K
MARICOPA COUNTY ELE 5.00% 625,000 625,000 0 1.21% -$5.55K
COUNTY OF PIMA AZ 5.00% 555,000 555,000 0 1.17% -$18.54K
SALT RIVER-SER B 600,000 600,000 0 1.17% -$5.62K
Richmond (City of), VA, Series 2017 B, Ref. GO Bonds 600,000 600,000 0 1.13% -$3.38K
GILBERT WATER RESOU 5.00% 600,000 600,000 0 1.12% -$2.97K
MARICOPA COUNTY ELE 5.00% 540,000 540,000 0 1.08% -$6.57K
AZ IND DEV AUTH-A 545,000 545,000 0 1.07% $2.31K
Glendale (City of), AZ, Series 2025, RB 500,000 500,000 0 1.04% -$11.74K
CITY OF TEMPE AZ EX 5.00% 500,000 500,000 0 1.04% -$14.61K
MIDWESTERN UNIVERSITY OBLIGATED GROUP 5.0% 05-15-33 500,000 500,000 0 1.03% -$12.76K
LAKE HAVASU-REF 500,000 500,000 0 1.02% -$5.78K
MARICOPA COUNTY UNI 5.00% 525,000 525,000 0 1.01% -$3.86K
MIDWESTERN UNIVERSITY FOUNDATION 5.0% 05-15-32 500,000 500,000 0 1.00% -$7.71K
SALT VERDE FINL CORP GAS REV ARIZ SR 500,000 500,000 0 0.99% -$12.42K
SCOTTSDALE PPTY-REF 500,000 500,000 0 0.99% -$6.48K
MESA AZ UTILITY SYS REVENUE 500,000 500,000 0 0.98% -$1.59K
MARICOPA COUNTY UNI 5.00% 500,000 500,000 0 0.96% -$3.08K
ARIZONA STATE UNIVE 5.00% 495,000 495,000 0 0.94% -$3.59K
GILBERT WATER RESOU 5.00% 500,000 500,000 0 0.94% -$2.63K
GILBERT WATER RESOU 5.00% 500,000 500,000 0 0.94% -$2.57K
MESA AZ UTILITY SYS REVENUE CITY OF MESA AZ UTILITY SYSTEM REVENUE 500,000 500,000 0 0.94% -$2.87K
VISTANCIA COMMUNITY 4.00% 450,000 450,000 0 0.84% -$1.37K
KIPP NYC PUBLIC CHARTER SCHOOLS 4.0% 07-01-41 500,000 500,000 0 0.84% -$10.60K
CHANDLER INDUSTRIAL D VAR 425,000 425,000 0 0.80% -$1.33K
MESA AZ UTL SYS REV 500,000 500,000 0 0.76% $8.92K
UNIVERSITY OF ARIZ 3.125% 430,000 430,000 0 0.71% -$16.11K
City of Yuma Water and Sewer, Series 2025A 300,000 300,000 0 0.60% -$1.62K
MARICOPA COUNTY ELE 4.00% 305,000 305,000 0 0.58% -$4.32K
MARICOPA COUNTY SCH 5.00% 275,000 275,000 0 0.56% -$4.19K
MARICOPA COUNTY UNI 4.00% 275,000 275,000 0 0.51% -$3.07K
Maricopa County Industrial Development Authority, Arizona, Education Revenue Bonds, Legacy Traditional Schools Projects, Series 2024 300,000 300,000 0 0.49% -$2.40K
KYRENE ELEMENTARY S 5.00% 250,000 250,000 0 0.49% -$2.01K
PINAL COUNTY SCHOOL 5.00% 200,000 200,000 0 0.39% -$2.75K
OHIO HOUSING FIN. A 5.50% 160,000 160,000 0 0.32% -$1.82K
PINAL COUNTY SCHOOL 5.00% 150,000 150,000 0 0.31% -$3.41K
City of Sedona AZ Excise Tax Revenue 100,000 100,000 0 0.20% -$1.53K

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