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NPAXX Northern Institutional Prime Oblg

  • Fund
  • NPAXX
  • Price as of: Aug 08, 2016
  • $1.00
  • - $0.00
  • - 0.00%
  • Category
  • Money Market

NPAXX - Profile

Vitals

  • YTD Return 0.0%
  • 3 Yr Annualized Return 0.1%
  • 5 Yr Annualized Return 0.1%
  • Net Assets $3.83 B
  • Holdings in Top 10 25.9%

52 WEEK LOW AND HIGH

$1.00
$1.00
$1.00

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.17%

SALES FEES

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

BROKERAGE FEES

  • Turnover N/A

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$20,000,000

IRA

N/A

Investment Themes

CATEGORY

Money Market
  • Fund Type Money Market Fund
  • Investment Style Prime Money Market

Distributions

  • YTD Total Return 0.0%
  • 3 Yr Annualized Total Return 0.1%
  • 5 Yr Annualized Total Return 0.1%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.06%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name Northern Institutional Prime Obligation Port
  • Fund Family Name Northern Funds
  • Inception Date Aug 21, 2003
  • Shares Outstanding N/A
  • Share Class No Load
  • Currency USD
  • Domiciled Country United States
  • Manager Management Team

Fund Description

The fund invests in a broad range of high-quality, U.S. dollar-denominated government, bank and commercial obligations that are available in the money markets, including: Obligations of U.S. banks; Obligations of foreign commercial banks; Commercial paper and other obligations issued or guaranteed by U.S. and foreign corporations and other issuers; corporate bonds, notes, paper and other instruments that are of high quality, etc.

NPAXX - Performance

Return Ranking - Trailing

Period NPAXX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 0.0% -98.0% 2.0% 0.35% 2
1 Yr 0.3% 0.0% 5.6% 2.61% 1
3 Yr 0.1% * 0.0% 5.1% 3.60% 1
5 Yr 0.1% * 0.0% 4.6% 5.64% 1
10 Yr 1.1% * 0.4% 4.4% 17.16% 1

* Annualized


Return Ranking - Calendar

Period NPAXX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 0.0% -99.0% 501500.0% 0.89% 2
2014 N/A 0.0% 0.0% N/A N/A
2013 N/A 0.0% 0.0% N/A N/A
2012 N/A 0.0% 0.0% N/A N/A
2011 N/A 0.0% 0.0% N/A N/A

Total Return Ranking - Trailing

Period NPAXX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 0.0% -100.0% 2.0% 0.79% 2
1 Yr 0.3% -5.7% 5.6% 2.62% 1
3 Yr 0.1% * -1.9% 5.1% 3.60% 1
5 Yr 0.1% * -1.2% 4.6% 5.64% 1
10 Yr 1.1% * -0.1% 4.4% 17.16% 1

* Annualized


Total Return Ranking - Calendar

Period NPAXX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 0.0% -100.0% 0.4% 0.32% 2
2014 N/A 0.0% 0.0% N/A N/A
2013 N/A 0.0% 0.0% N/A N/A
2012 N/A 0.0% 0.0% N/A N/A
2011 N/A 0.0% 0.0% N/A N/A

NAV & Total Return History

NPAXX - Holdings

Filings data as of: Jun 30, 2016

Concentration Analysis

NPAXX Category Low Category High NPAXX % Rank Quintile
Net Assets 3.83 B 500 K 127 B 11.78% 2
Number of Holdings 134 1 1161 6.49% 2
Net Assets in Top 10 1.11 B 5.17 M 113 B 13.62% 3
Weighting of Top 10 25.9% 5.2% 109.4% 30.77% 5

Top 10 Holdings

  1. Tri-Party Bank Of America Na 8.64%
  2. Australia And New Zealand Banking 2.59%
  3. Svenska Handelsbanken Ab (Cayman I 2.34%
  4. Royal Bank Of Canada (Toronto Bran 1.89%
  5. Credit Agricole Sa (London Branch) 1.87%
  6. Svenska Handelsbanken Ab (Cayman I 1.82%
  7. Bank of Montreal Chicago Brh 1.75%
  8. Victory Receivables Corp 1.75%
  9. Hsbc Holdings Plc (Paris Branch) 1.63%
  10. Swedbank Ab New York Branch 1.56%

Asset Allocation

Weighting Category Low Category High NPAXX % Rank Quintile
Cash
85.87% 0.00% 140.12% 17.47% 4
Bonds
14.13% 0.00% 100.00% 12.25% 2
Other
0.00% -40.65% 100.00% 7.53% 3
Convertible Bonds
0.00% 0.00% 0.00% 0.08% 2
Preferred Stocks
0.00% 0.00% 6.43% 0.40% 2
Stocks
0.00% 0.00% 0.00% 0.08% 2

Bond Sector Breakdown

Weighting Category Low Category High NPAXX % Rank Quintile
Cash & Equivalents
85.87% 0.00% 140.12% 17.71% 4
Municipal
11.66% 0.00% 100.00% 10.90% 2
Government
2.48% 0.00% 48.26% 8.65% 2
Securitized
0.00% 0.00% 75.02% 3.45% 2
Corporate
0.00% 0.00% 26.37% 7.61% 3
Derivative
0.00% 0.00% 1.15% 0.16% 2

Bond Geographic Breakdown

Weighting Category Low Category High NPAXX % Rank Quintile
US
14.13% 0.00% 100.00% 12.42% 2
Non US
0.00% 0.00% 7.46% 1.20% 2

NPAXX - Expenses

Operational Fees

NPAXX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.17% 0.00% 83.73% 12.27% 1
Management Fee 0.13% 0.00% 0.60% 3.16% 2
12b-1 Fee N/A 0.00% 1.00% N/A N/A
Administrative Fee 0.10% 0.00% 0.50% 2.88% 3

Sales Fees

NPAXX Fees (% of AUM) Category Low Category High NPAXX Rank Quintile
Front Load N/A 1.00% 5.75% N/A N/A
Deferred Load N/A 1.00% 5.50% N/A N/A

Trading Fees

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

NPAXX Fees (% of AUM) Category Low Category High NPAXX Rank Quintile
Turnover N/A 0.00% 1054.00% N/A N/A

NPAXX - Distributions

Dividend Yield Analysis

NPAXX Category Low Category High NPAXX % Rank Quintile
Dividend Yield 0.0% 0.00% 0.29% 0.96% 2

Dividend Distribution Analysis

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

Dividend Payout History


Net Income Ratio Analysis

NPAXX Category Low Category High NPAXX % Rank Quintile
Net Income Ratio 0.06% -0.23% 2.25% 2.07% 1

Capital Gain Distribution Analysis

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

NPAXX - Managers

Management Team

Manager

Start Date

Aug 21, 2003

Tenure

12.87

Tenure Rank

8.9%

Team Managed


Tenure Analysis

Category Low

0.2

Category High

40.9

Category Average

11.6

Category Mode

1.6