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Trending ETFs

Name

As of 03/27/2024

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

$9.45

$980 M

0.00%

$0.00

0.49%

Vitals

YTD Return

-1.0%

1 yr return

12.8%

3 Yr Avg Return

-1.7%

5 Yr Avg Return

-0.1%

Net Assets

$980 M

Holdings in Top 10

27.6%

52 WEEK LOW AND HIGH

$9.3
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.49%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 5.75%

Redemption Fee 2.00%


Min Investment

Standard (Taxable)

$2,500

IRA

$500


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 03/27/2024

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

$9.45

$980 M

0.00%

$0.00

0.49%

NGREX - Profile

Distributions

  • YTD Total Return -1.0%
  • 3 Yr Annualized Total Return -1.7%
  • 5 Yr Annualized Total Return -0.1%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.23%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    GLOBAL REAL ESTATE INDEX FUND
  • Fund Family Name
    Northern Trust
  • Inception Date
    Jul 26, 2006
  • Shares Outstanding
    N/A
  • Share Class
    Other
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Volter Bagriy

Fund Description

Under normal circumstances, the Fund will invest substantially all (and at least 80%) of its net assets in equity securities included in the Index, in weightings that approximate the relative composition of the securities contained in the Index, and in American Depositary Receipts (“ADRs”), European Depositary Receipts (“EDRs”), and Global Depositary Receipts (“GDRs”) representing such securities. The Index is a free float-adjusted, market capitalization index that consists of large, mid and small‑cap stocks engaged in the ownership, development and management of specific core property type real estate. The Index excludes companies, such as real estate services and real estate financing companies that do not own properties. The Fund will concentrate its investments (i.e., invest at least 25% or more of its total assets) in issuers principally engaged in real estate activities.
The Index is a free float-adjusted market capitalization index that consists of large, mid and small‑cap stocks across 23 Developed Markets (DM) and 24 Emerging Markets (EM) countries engaged in the ownership, development and management of specific core property type real estate, as determined by the index provider. As of May 31, 2023, the Index was comprised of 555 constituents with market capitalizations ranging from $30.2 million to $114.9 billion. The Index is rebalanced quarterly. The Fund generally rebalances its portfolio in accordance with the Index.
NTI uses a “passive” or indexing approach to try to achieve the Fund’s investment objective. Unlike many investment companies, the Fund does not try to “beat” the index it tracks and does not seek temporary defensive positions when markets decline or appear overvalued. NTI will buy and sell securities in response to changes in the Index as well as in response to subscriptions and redemptions. The Fund generally invests in substantially all of the securities in the Index in approximately the same proportions as the Index (i.e., replication). In certain
circumstances, however, the Fund may not hold every security in the Index or in the same proportion as the Index, such as to improve tax efficiency or when it may not be practicable to fully implement a replication strategy. Rather, it will use an optimization strategy to seek to construct a portfolio that minimizes tracking error versus the Index while managing transaction costs and realized capital gains and losses.
The Fund intends to be diversified in approximately the same proportion as the Index is diversified. The Fund may become “non‑diversified,” as defined in the Investment Company Act of 1940 (the “1940 Act”), solely as a result of a change in relative market capitalization or index weighting of one or more constituents of the Index. A “non‑diversified” fund can invest a greater percentage of its assets in a small group of issuers or in any one issuer than a diversified fund can. Shareholder approval will not be sought if the Fund becomes non‑diversified due solely to a change in the relative market capitalization or index weighting of one or more constituents of the Index.
In seeking to track the performance of the Index, from time to time the Fund may have a focused investment (i.e., investment exposure comprising more than 15% of its total assets) in one or more particular countries or geographic regions.
NTI expects that, under normal circumstances, the quarterly performance of the Fund, before fees and expenses, will track the performance of the Index within a 0.95 correlation coefficient.
The Index is created and sponsored by Morgan Stanley Capital International, Inc. (“MSCI”), as the index provider. MSCI determines the composition and relative weightings of the securities in the Index and publishes information regarding the market value of the Index. MSCI does not endorse any of the securities in the Index. It is not a sponsor of the Global Real Estate Index Fund and is not affiliated with the Fund in any way.
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NGREX - Performance

Return Ranking - Trailing

Period NGREX Return Category Return Low Category Return High Rank in Category (%)
YTD -1.0% -10.2% 9.4% 71.12%
1 Yr 12.8% -13.8% 28.1% 55.91%
3 Yr -1.7%* -13.3% 20.9% 69.89%
5 Yr -0.1%* -8.8% 15.6% 76.57%
10 Yr 3.3%* -2.0% 10.6% 61.82%

* Annualized

Return Ranking - Calendar

Period NGREX Return Category Return Low Category Return High Rank in Category (%)
2023 7.1% -16.8% 16.7% 64.86%
2022 -25.6% -43.9% 4.5% 14.44%
2021 18.8% -13.9% 30.7% 60.23%
2020 -10.6% -20.7% 13.7% 81.25%
2019 17.7% 1.0% 26.5% 33.14%

Total Return Ranking - Trailing

Period NGREX Return Category Return Low Category Return High Rank in Category (%)
YTD -1.0% -10.2% 9.4% 71.12%
1 Yr 12.8% -13.8% 28.1% 55.91%
3 Yr -1.7%* -13.3% 20.9% 69.89%
5 Yr -0.1%* -8.8% 15.6% 76.57%
10 Yr 3.3%* -2.0% 10.6% 61.82%

* Annualized

Total Return Ranking - Calendar

Period NGREX Return Category Return Low Category Return High Rank in Category (%)
2023 10.0% -14.6% 23.4% 65.95%
2022 -24.3% -39.5% 10.1% 21.67%
2021 22.7% 5.7% 101.8% 75.00%
2020 -8.4% -17.8% 14.7% 81.82%
2019 23.2% 6.7% 37.2% 56.57%

NAV & Total Return History


NGREX - Holdings

Concentration Analysis

NGREX Category Low Category High NGREX % Rank
Net Assets 980 M 3.72 M 9.6 B 21.51%
Number of Holdings 567 5 695 2.65%
Net Assets in Top 10 277 M 1.79 M 6.34 B 27.51%
Weighting of Top 10 27.59% 19.3% 64.1% 92.02%

Top 10 Holdings

  1. Prologis Inc. COM USD0.01 6.65%
  2. Equinix, Inc. COM USD0.001 4.07%
  3. Public Storage COM USD0.10 2.60%
  4. Welltower OP LLC COM USD1 2.52%
  5. Simon Property Group Inc COM USD0.0001 2.52%
  6. Digital Realty Trust Inc. COM STK USD0.01 2.20%
  7. Realty Income Corp. COM USD1 2.19%
  8. Extra Space Storage Inc. COM USD0.01 1.83%
  9. Goodman Group NPV (STAPLED UNITS) 1.58%
  10. AvalonBay Communities, Inc. COM USD0.01 1.43%

Asset Allocation

Weighting Return Low Return High NGREX % Rank
Stocks
97.80% 2.78% 126.54% 75.13%
Other
2.18% -33.49% 102.40% 4.76%
Cash
1.37% 0.00% 10.38% 46.56%
Preferred Stocks
0.00% 0.00% 7.08% 13.76%
Convertible Bonds
0.00% 0.00% 0.07% 7.98%
Bonds
0.00% 0.00% 25.03% 11.11%

Stock Sector Breakdown

Weighting Return Low Return High NGREX % Rank
Real Estate
99.49% 72.53% 100.00% 22.83%
Industrials
0.31% 0.00% 4.91% 13.59%
Consumer Cyclical
0.17% 0.00% 13.03% 59.78%
Financial Services
0.03% 0.00% 9.53% 17.93%
Utilities
0.00% 0.00% 0.96% 8.70%
Technology
0.00% 0.00% 4.92% 41.85%
Healthcare
0.00% 0.00% 1.54% 16.85%
Energy
0.00% 0.00% 0.11% 5.43%
Communication Services
0.00% 0.00% 10.08% 57.61%
Consumer Defense
0.00% 0.00% 0.18% 7.07%
Basic Materials
0.00% 0.00% 1.63% 9.78%

Stock Geographic Breakdown

Weighting Return Low Return High NGREX % Rank
US
55.05% 0.00% 99.38% 79.37%
Non US
42.75% 0.00% 98.93% 15.34%

NGREX - Expenses

Operational Fees

NGREX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.49% 0.11% 33.54% 93.12%
Management Fee 0.40% 0.09% 1.50% 5.85%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.25% 90.10%

Sales Fees

NGREX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.50% 5.75% N/A
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

NGREX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee 2.00% 0.25% 2.00% 16.67%

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.

NGREX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 5.75% 1.00% 165.00% 1.09%

NGREX - Distributions

Dividend Yield Analysis

NGREX Category Low Category High NGREX % Rank
Dividend Yield 0.00% 0.00% 5.34% 44.44%

Dividend Distribution Analysis

NGREX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annual Quarterly Quarterly

Net Income Ratio Analysis

NGREX Category Low Category High NGREX % Rank
Net Income Ratio 2.23% -0.23% 3.84% 14.59%

Capital Gain Distribution Analysis

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

Distributions History

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NGREX - Fund Manager Analysis

Managers

Volter Bagriy


Start Date

Tenure

Tenure Rank

Jul 02, 2019

2.92

2.9%

Mr. Bagriy joined Northern Trust Investments, Inc. in 2014 and serves as a portfolio manager on the Global Index team.

Brent Reeder


Start Date

Tenure

Tenure Rank

Jul 02, 2019

2.92

2.9%

Brent Reeder, Senior Vice President at The Northern Trust Company, Chicago, is the Team Leader-Domestic Index in the Quantitative Management Group of Northern Trust Global Investments (NTGI). Before his current role, he was a Portfolio Manager in the Quantitative Management Group of NTGI, responsible for the management of index portfolios. Brent has a broad range of expertise in both large capitalization and small capitalization index mandates. Prior to this, Brent spent five years in trust operations as a team leader of the Foundations and Endowments team. He received a B.A. degree in Economics from DePauw University and an M.B.A. degree in Finance from DePaul University. Brent is an Associated Person with the National Futures Association.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.09 20.42 7.0 10.42