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NPAXX Northern Institutional Prime Oblg

  • Fund
  • NPAXX
  • Price as of: Jan 18, 2019
  • $1.00
  • - $0.00
  • - 0.00%
  • Category
  • Money Market

NPAXX - Profile

Vitals

  • YTD Return 0.0%
  • 3 Yr Annualized Return 1.2%
  • 5 Yr Annualized Return 0.7%
  • Net Assets $2.95 B
  • Holdings in Top 10 33.5%

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)

$5,000,000

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 1.2%
  • 5 Yr Annualized Total Return 0.7%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.01%
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% -0.1% 0.6% 0.74% 2
1 Yr 2.0% -0.1% 2.1% 1.39% 1
3 Yr 1.2% * -53.6% 1.7% 1.53% 1
5 Yr 0.7% * 0.0% 3.0% 2.26% 1
10 Yr 0.4% * 0.0% 4.1% 22.16% 2

* Annualized


Return Ranking - Calendar

Period NPAXX Return Category Return Low Category Return High Rank in Category (%) Quintile
2018 0.0% -99.7% 952.0% 0.81% 2
2017 0.0% -90.0% 4900.0% 0.58% 2
2016 0.0% -100.0% 9900.0% 0.58% 2
2015 0.0% -100.0% 900.1% 0.70% 2
2014 N/A 0.0% 3.1% 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% 0.6% 0.83% 2
1 Yr 2.0% -5.5% 2.1% 1.39% 1
3 Yr 1.2% * -1.8% 1.7% 1.53% 1
5 Yr 0.7% * -1.1% 3.0% 2.26% 1
10 Yr 0.4% * -0.5% 4.1% 22.16% 2

* Annualized


Total Return Ranking - Calendar

Period NPAXX Return Category Return Low Category Return High Rank in Category (%) Quintile
2018 0.0% -100.0% 9900.0% 0.99% 2
2017 0.0% -90.0% 2.1% 1.32% 5
2016 0.0% -100.0% 4900.0% 1.86% 1
2015 0.0% -100.0% 900.1% 1.87% 2
2014 N/A 0.0% 4.8% N/A N/A

NAV & Total Return History

NPAXX - Holdings

Filings data as of: Dec 31, 2018

Concentration Analysis

NPAXX Category Low Category High NPAXX % Rank Quintile
Net Assets 2.95 B 500 K 149 B 14.42% 2
Number of Holdings 114 1 1276 7.44% 2
Net Assets in Top 10 985 M 2.69 M 96.4 B 15.68% 3
Weighting of Top 10 33.5% 5.2% 108.2% 28.11% 4

Top 10 Holdings

  1. Triparty Barclays Capital Inc 8.49%
  2. Triparty Jp Morgan Securities Llc 5.09%
  3. Australia And New Zealand Banking 4.58%
  4. Triparty Citigroup Global Markets 2.95%
  5. Mizuho Bank Ltd New York Branch 2.89%
  6. Skandinaviska Enskilda Banken Ab 2.55%
  7. Royal Bank Of Canada Toronto Bran 2.14%
  8. Mizuho Bank Ltd New York Branch 1.70%
  9. Bank Of Nova Scotia Toronto Branc 1.59%
  10. Bennington Stark Cap Co 1.49%

Asset Allocation

Weighting Category Low Category High NPAXX % Rank Quintile
Cash
86.46% 0.00% 100.70% 14.25% 3
Bonds
10.76% 0.00% 108.20% 24.43% 3
Preferred Stocks
1.43% 0.00% 6.43% 0.48% 1
Convertible Bonds
1.35% 0.00% 2.02% 0.40% 1
Stocks
0.00% 0.00% 1.03% 0.24% 2
Other
0.00% -12.63% 100.00% 9.03% 3

Bond Sector Breakdown

Weighting Category Low Category High NPAXX % Rank Quintile
Cash & Equivalents
84.77% 0.00% 100.70% 14.49% 3
Corporate
11.28% 0.00% 31.09% 1.11% 1
Municipal
0.59% 0.00% 100.00% 16.86% 2
Derivative
0.00% 0.00% 1.15% 0.55% 2
Securitized
0.00% 0.00% 51.10% 4.51% 2
Government
0.00% 0.00% 108.20% 17.02% 4

Bond Geographic Breakdown

Weighting Category Low Category High NPAXX % Rank Quintile
Non US
9.40% 0.00% 12.62% 0.24% 1
US
1.36% 0.00% 108.20% 32.54% 4

NPAXX - Expenses

Operational Fees

NPAXX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.17% 0.00% 83.73% 12.78% 1
Management Fee 0.13% 0.00% 0.60% 3.15% 2
12b-1 Fee N/A 0.00% 1.00% N/A N/A
Administrative Fee 0.10% 0.00% 0.50% 2.77% 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% 1.00% 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.

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% 0.32% 1.35% 1

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 1.01% -0.23% 2.42% 5.52% 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

15.37

Tenure Rank

8.1%

Team Managed


Tenure Analysis

Category Low

0.0

Category High

43.2

Category Average

12.6

Category Mode

4.0