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NOBOX Northern Bond Index

  • Fund
  • NOBOX
  • Price as of: Dec 01, 2016
  • $10.45
  • - $0.03
  • - 0.29%
  • Category
  • Total Bond Market

NOBOX - Profile

Vitals

  • YTD Return -0.5%
  • 3 Yr Annualized Return 3.4%
  • 5 Yr Annualized Return 2.8%
  • Net Assets $2.93 B
  • Holdings in Top 10 11.3%

52 WEEK LOW AND HIGH

$10.45
$10.45
$10.99

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.17%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 88.99%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$2,500

IRA

$500

Investment Themes

CATEGORY

Total Bond Market
  • Fund Type Open End Mutual Fund
  • Investment Style Intermediate-Term Bond

Distributions

  • YTD Total Return -0.5%
  • 3 Yr Annualized Total Return 3.4%
  • 5 Yr Annualized Total Return 2.8%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.40%
DIVIDENDS
  • Dividend Yield 0.3%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name Northern Bond Index Fund
  • Fund Family Name Northern Funds
  • Inception Date Feb 27, 2007
  • Shares Outstanding N/A
  • Share Class No Load
  • Currency USD
  • Domiciled Country United States
  • Manager Brandon P. Ferguson

NOBOX - Performance

Return Ranking - Trailing

Period NOBOX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD -0.5% -8.1% 202.4% 57.91% 5
1 Yr 4.1% -12.6% 13.2% 39.34% 3
3 Yr 3.4% * -5.8% 8.5% 24.26% 2
5 Yr 2.8% * -2.8% 9.4% 48.63% 3
10 Yr N/A * -1.7% 9.8% N/A N/A

* Annualized


Return Ranking - Calendar

Period NOBOX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -2.2% -33.0% 3.0% 26.35% 3
2014 3.1% -9.3% 14.9% 10.56% 1
2013 -4.9% -24.1% 40.4% 53.36% 5
2012 0.5% -100.0% 18.7% 58.48% 5
2011 3.7% -20.6% 15.5% 6.04% 1

Total Return Ranking - Trailing

Period NOBOX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD -0.5% -7.3% 205.2% 64.61% 5
1 Yr 4.1% -12.6% 16.3% 30.82% 2
3 Yr 3.4% * -7.2% 8.5% 21.49% 2
5 Yr 2.8% * -3.7% 9.4% 43.73% 3
10 Yr N/A * -1.7% 9.8% N/A N/A

* Annualized


Total Return Ranking - Calendar

Period NOBOX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -2.0% -32.5% 4.5% 45.00% 3
2014 3.2% -8.3% 16.8% 28.87% 2
2013 -4.9% -12.9% 58.5% 67.24% 5
2012 1.3% -100.0% 35.2% 65.07% 5
2011 4.5% -20.7% 18.1% 24.40% 2

NAV & Total Return History

NOBOX - Holdings

Filings data as of: Sep 30, 2016

Concentration Analysis

NOBOX Category Low Category High NOBOX % Rank Quintile
Net Assets 2.93 B 319 K 176 B 6.61% 2
Number of Holdings 3485 1 17569 0.61% 1
Net Assets in Top 10 329 M -36 B 21.3 B 8.29% 2
Weighting of Top 10 11.3% 0.0% 1093.9% 27.98% 5

Top 10 Holdings

  1. US Treasury Note 1.625% 2.38%
  2. US Treasury Note 2.125% 1.28%
  3. US Treasury Bond 3% 1.09%
  4. US Treasury Note 1.75% 1.05%
  5. US Treasury Note 1% 1.03%
  6. US Treasury Note 1.125% 0.99%
  7. US Treasury Note 2.375% 0.87%
  8. US Treasury Note 0.875% 0.86%
  9. US Treasury Note 1.625% 0.86%
  10. US Treasury Note 2.25% 0.83%

Asset Allocation

Weighting Category Low Category High NOBOX % Rank Quintile
Bonds
99.93% -175.98% 192.68% 2.44% 1
Other
0.05% -30.71% 98.36% 13.17% 4
Preferred Stocks
0.02% -0.45% 17.13% 7.17% 3
Convertible Bonds
0.00% 0.00% 12.73% 5.65% 4
Cash
0.00% -96.63% 275.92% 24.77% 5
Stocks
0.00% -3.27% 98.09% 5.75% 3

Bond Sector Breakdown

Weighting Category Low Category High NOBOX % Rank Quintile
Government
42.94% -389.49% 128.09% 3.71% 1
Securitized
29.96% 0.00% 105.84% 14.04% 3
Corporate
26.35% 0.00% 221.70% 22.13% 4
Municipal
0.71% 0.00% 105.76% 9.77% 2
Cash & Equivalents
0.00% -63.55% 416.01% 24.77% 5
Derivative
0.00% -513.07% 38.63% 2.34% 2

Bond Geographic Breakdown

Weighting Category Low Category High NOBOX % Rank Quintile
US
91.91% -370.09% 180.29% 4.63% 1
Non US
8.02% -45.82% 351.70% 19.38% 4

NOBOX - Expenses

Operational Fees

NOBOX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.17% 0.00% 42.51% 13.74% 1
Management Fee 0.13% 0.00% 2.15% 4.22% 1
12b-1 Fee N/A 0.00% 1.00% N/A N/A
Administrative Fee 0.15% 0.00% 0.63% 1.66% 4

Sales Fees

NOBOX Fees (% of AUM) Category Low Category High NOBOX Rank Quintile
Front Load N/A 0.00% 5.75% N/A N/A
Deferred Load N/A 0.15% 5.50% N/A N/A

Trading Fees

NOBOX Fees (% of AUM) Category Low Category High NOBOX Rank Quintile
Max Redemption Fee N/A 0.25% 2.00% N/A N/A

Turnover 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.

NOBOX Fees (% of AUM) Category Low Category High NOBOX Rank Quintile
Turnover 88.99% 0.00% 1856.00% 10.33% 3

NOBOX - Distributions

Dividend Yield Analysis

NOBOX Category Low Category High NOBOX % Rank Quintile
Dividend Yield 0.3% 0.00% 1.30% 14.39% 2

Dividend Distribution Analysis

NOBOX Category Low Category High Category Mode
Dividend Distribution Frequency Monthly Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

NOBOX Category Low Category High NOBOX % Rank Quintile
Net Income Ratio 2.40% -1.76% 17.13% 11.81% 2

Capital Gain Distribution Analysis

NOBOX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Daily Annually

NOBOX - Managers

Brandon P. Ferguson

Manager

Start Date

Jul 31, 2013

Tenure

3.25

Tenure Rank

6.5%

Mr. Ferguson, Second Vice President , joined Northern Trust in November 2007 as an Investment Associate in the Fixed Income Group, was promoted to Associate Fixed Income Portfolio Manager in July 2009, and for the past two years has managed various fixed-income accounts for Northern Trust clients. From 2006 to 2007, Mr. Ferguson was a Commercial Credit Analyst at First Midwest Bank. Prior to this, he served as a Credit Manager and Mortgage Salesman for Wells Fargo Financial.


Louis R. D'Arienzo

Manager

Start Date

Feb 27, 2007

Tenure

9.68

Tenure Rank

2.9%

Louis D’Arienzo, Vice President of Northern Trust Investments, Inc. Mr. D’Arienzo joined Northern Trust Investments, Inc. in February 2003 and has been a senior portfolio manager in Northern’s Fixed Income Index group responsible for managing passive fixed-income accounts. Previously, Louis was a senior fixed income portfolio manager for Deutsche Asset Management in New York. He joined Deutsche in 1981, with trading and investment experience since 1983 in structured portfolios, quantitative analysis of fixed income and derivative securities. Prior to joining Deutsche, he worked as a credit analyst for Dun & Bradstreet’s NCO division. Louis has a B.S. degree in finance from from the Stern School of Business at New York University.


Tenure Analysis

Category Low

0.0

Category High

27.9

Category Average

6.07

Category Mode

4.8