Are you getting the best rate from your broker?
Compare your broker's rates now to find out if you can save money

Choose your broker below
Welcome to MutualFunds.com. Please help us personalize your experience.

Select the one that best describes you
ALERT

Beginner's Guide to Preferred Stock Mutual Funds

Mutualfunds logo

NPAXX Northern Institutional Prime Oblg

  • Fund
  • NPAXX
  • Price as of: Apr 21, 2017
  • $1.00
  • - $0.00
  • - 0.00%
  • Category
  • Money Market

NPAXX - Profile

Vitals

  • YTD Return 0.0%
  • 3 Yr Annualized Return 0.3%
  • 5 Yr Annualized Return 0.2%
  • Net Assets $1.61 B
  • Holdings in Top 10 38.4%

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 0.3%
  • 5 Yr Annualized Total Return 0.2%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.40%
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% 2.3% 0.25% 2
1 Yr 0.6% -1.2% 4900.0% 1.15% 1
3 Yr 0.3% * 0.0% 2.8% 2.52% 1
5 Yr 0.2% * 0.0% 2.9% 2.79% 1
10 Yr 0.8% * -0.2% 3.7% 22.51% 2

* Annualized


Return Ranking - Calendar

Period NPAXX Return Category Return Low Category Return High Rank in Category (%) Quintile
2016 0.0% -100.0% 9900.0% 0.40% 2
2015 0.0% -100.0% 0.4% 0.46% 2
2014 N/A -100.0% 900.1% N/A N/A
2013 N/A -4.5% 0.0% N/A N/A
2012 N/A 0.0% 1.4% 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% 2.3% 0.69% 1
1 Yr 0.6% -5.7% 1.4% 1.23% 1
3 Yr 0.3% * -1.9% 2.8% 2.52% 1
5 Yr 0.2% * -1.2% 2.9% 2.79% 1
10 Yr 0.8% * -0.2% 3.7% 22.51% 2

* Annualized


Total Return Ranking - Calendar

Period NPAXX Return Category Return Low Category Return High Rank in Category (%) Quintile
2016 0.0% -100.0% 4900.0% 1.51% 1
2015 0.0% -100.0% 2.6% 1.78% 2
2014 N/A -100.0% 900.1% N/A N/A
2013 N/A -4.6% 0.0% N/A N/A
2012 N/A 0.0% 3.5% N/A N/A

NAV & Total Return History

NPAXX - Holdings

Filings data as of: Dec 31, 2016

Concentration Analysis

NPAXX Category Low Category High NPAXX % Rank Quintile
Net Assets 1.61 B 500 K 152 B 16.44% 3
Number of Holdings 60 1 1018 10.90% 3
Net Assets in Top 10 637 M 2.89 M 121 B 16.47% 3
Weighting of Top 10 38.4% 5.2% 117.0% 23.63% 4

Top 10 Holdings

  1. Tri-Party Bank Of America Na 12.06%
  2. Australia And New Zealand Banking 4.55%
  3. Nordea Bank Finland Plc (New York 4.52%
  4. Skandinaviska Enskilda Banken Ab ( 3.01%
  5. Vermont Econ Dev Auth 0.95% 2.71%
  6. Cobb Cnty Ga Kennestone Hosp A Var 0.7% 2.68%
  7. Credit Agricole Sa (London Branch) 2.41%
  8. Burlington Kans Environmental Ars R 0.7% 2.26%
  9. Svenska Handelsbanken Ab 2.11%
  10. North Carolina Med Care Commn Var 0.74% 2.11%

Asset Allocation

Weighting Category Low Category High NPAXX % Rank Quintile
Cash
86.17% 0.00% 100.70% 10.90% 2
Bonds
13.83% 0.00% 101.26% 23.48% 4
Stocks
0.00% 0.00% 0.00% 0.08% 2
Preferred Stocks
0.00% 0.00% 6.43% 0.32% 2
Other
0.00% -12.63% 100.00% 10.58% 3
Convertible Bonds
0.00% 0.00% 0.00% 0.08% 2

Bond Sector Breakdown

Weighting Category Low Category High NPAXX % Rank Quintile
Cash & Equivalents
83.75% 0.00% 100.70% 12.57% 3
Municipal
13.83% 0.00% 100.00% 11.93% 2
Corporate
2.41% 0.00% 22.00% 4.46% 1
Derivative
0.00% 0.00% 1.15% 0.16% 2
Securitized
0.00% 0.00% 59.85% 6.13% 3
Government
0.00% 0.00% 101.26% 16.31% 4

Bond Geographic Breakdown

Weighting Category Low Category High NPAXX % Rank Quintile
US
13.83% 0.00% 101.26% 23.55% 4
Non US
0.00% 0.00% 7.46% 1.91% 2

NPAXX - Expenses

Operational Fees

NPAXX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.17% 0.00% 137.84% 12.34% 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 0.40% -0.23% 2.23% 0.79% 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

13.62

Tenure Rank

9.0%

Team Managed


Tenure Analysis

Category Low

0.2

Category High

41.5

Category Average

12

Category Mode

2.3