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Name

As of 04/17/2024

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

LARGE CAP VALUE FUND

NOLVX | Fund

$20.21

$62.3 M

3.22%

$0.65

0.75%

Vitals

YTD Return

4.4%

1 yr return

13.3%

3 Yr Avg Return

5.9%

5 Yr Avg Return

9.1%

Net Assets

$62.3 M

Holdings in Top 10

19.3%

52 WEEK LOW AND HIGH

$20.2
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.75%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 75.05%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$2,500

IRA

$500

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 04/17/2024

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

LARGE CAP VALUE FUND

NOLVX | Fund

$20.21

$62.3 M

3.22%

$0.65

0.75%

NOLVX - Profile

Distributions

  • YTD Total Return 4.4%
  • 3 Yr Annualized Total Return 5.9%
  • 5 Yr Annualized Total Return 9.1%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.55%
DIVIDENDS
  • Dividend Yield 3.2%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    LARGE CAP VALUE FUND
  • Fund Family Name
    Northern Trust
  • Inception Date
    Aug 03, 2000
  • Shares Outstanding
    N/A
  • Share Class
    Other
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Mark Sodergren

Fund Description

In seeking long-term capital appreciation, the Fund will invest, under normal circumstances, at least 80% of its net assets in equity securities of large capitalization companies. Large capitalization companies generally are considered to be those whose market capitalization is, at the time the Fund makes an investment, within the range of the market capitalization of the companies in the Russell 1000® Value Index. Companies whose capitalization no longer meets this definition after purchase may continue to be considered large capitalization companies.
In buying stocks, NTI uses a quantitatively managed strategy designed to provide exposure to value and quality factors. Beginning with a broad universe of highly liquid equity securities, NTI seeks to identify those securities that are out‑of‑favor and undervalued by applying a proprietary value screen. Once the targeted universe of value securities has been identified, NTI applies a proprietary quality score to rank each security to eliminate the lowest quality securities based on their proprietary ranking. NTI then selects securities from the remaining universe that it believes will achieve the appropriate capitalization and diversification goals, while focusing on those value securities ranking in the top quintile based on their proprietary quality and value score. NTI also performs a risk management analysis in which NTI seeks to measure and manage risk exposures at the security, sector, region and portfolio levels through portfolio diversification. Final purchase decisions are made based on a fundamental review of the remaining companies and on the desired level of diversification.
The Fund may use derivatives such as stock index futures contracts to equitize cash and enhance portfolio liquidity. NTI will normally sell a security that it believes is no longer attractive based upon the evaluation criteria described above.
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 sectors. As of March 31, 2023, the Fund had focused investments in the financials and health care sectors.
NTI may engage in active trading, and will not consider portfolio turnover a limiting factor in making decisions for the Fund.
Frank Russell Company does not endorse any of the securities in the Russell 1000 Value Index. It is not a sponsor of the Large Cap Value Fund and is not affiliated with the Fund in any way.
Read More

NOLVX - Performance

Return Ranking - Trailing

Period NOLVX Return Category Return Low Category Return High Rank in Category (%)
YTD 4.4% -4.9% 13.1% 41.11%
1 Yr 13.3% -10.8% 32.4% 46.60%
3 Yr 5.9%* -4.8% 29.8% 50.90%
5 Yr 9.1%* -1.5% 42.8% 50.91%
10 Yr 8.3%* 1.0% 24.4% 53.51%

* Annualized

Return Ranking - Calendar

Period NOLVX Return Category Return Low Category Return High Rank in Category (%)
2023 4.2% -24.9% 46.1% 62.42%
2022 -13.3% -65.1% 4.6% 60.55%
2021 18.5% -44.2% 57.5% 39.47%
2020 -0.2% -23.2% 285.0% 49.72%
2019 23.4% -21.4% 48.5% 19.04%

Total Return Ranking - Trailing

Period NOLVX Return Category Return Low Category Return High Rank in Category (%)
YTD 4.4% -4.9% 13.1% 41.11%
1 Yr 13.3% -10.8% 32.4% 46.60%
3 Yr 5.9%* -4.8% 29.8% 50.90%
5 Yr 9.1%* -1.5% 42.8% 50.91%
10 Yr 8.3%* 1.0% 24.4% 53.51%

* Annualized

Total Return Ranking - Calendar

Period NOLVX Return Category Return Low Category Return High Rank in Category (%)
2023 10.0% -15.9% 46.7% 57.19%
2022 -6.0% -42.0% 8.5% 54.43%
2021 28.3% 3.6% 129.7% 25.25%
2020 1.3% -22.6% 304.8% 65.86%
2019 25.9% -12.7% 52.1% 44.62%

NAV & Total Return History

NOLVX - Holdings

Concentration Analysis

NOLVX Category Low Category High NOLVX % Rank
Net Assets 62.3 M 1.09 M 163 B 87.46%
Number of Holdings 164 2 1689 16.80%
Net Assets in Top 10 11.7 M 420 K 33.9 B 91.99%
Weighting of Top 10 19.32% 4.8% 99.9% 90.68%

Top 10 Holdings

  1. Exxon Mobil Corporation COM NPV 2.87%
  2. JPMorgan Chase Co. COM USD1.00 2.54%
  3. Cisco Systems, Inc. COM USD0.001 2.00%
  4. Comcast Corporation COM USD0.01 CL A 1.85%
  5. Chevron Corp. COM USD0.75 1.82%
  6. Berkshire Hathaway Inc. COM USD0.0033 CLASS'B' 1.82%
  7. Danaher Corporation COM USD0.01 1.73%
  8. General Electric Company COM NEW 1.67%
  9. Bristol-Myers Squibb Company COM USD0.10 1.51%
  10. Gilead Sciences, Inc. COM USD0.001 1.51%

Asset Allocation

Weighting Return Low Return High NOLVX % Rank
Stocks 		99.21% 1.86% 108.42% 30.32%
Other 		0.72% -3.53% 39.72% 13.78%
Cash 		0.67% -0.79% 38.18% 67.27%
Bonds 		0.06% -0.71% 73.23% 8.44%
Preferred Stocks 		0.00% 0.00% 13.88% 22.39%
Convertible Bonds 		0.00% 0.00% 3.66% 17.96%

Stock Sector Breakdown

Weighting Return Low Return High NOLVX % Rank
Financial Services 		21.34% 0.00% 58.05% 27.15%
Healthcare 		18.81% 0.00% 30.08% 32.96%
Technology 		10.70% 0.00% 54.02% 47.88%
Industrials 		10.04% 0.00% 42.76% 66.52%
Consumer Defense 		7.24% 0.00% 34.10% 68.08%
Energy 		6.57% 0.00% 54.00% 69.04%
Consumer Cyclical 		6.14% 0.00% 22.74% 44.41%
Communication Services 		5.35% 0.00% 26.58% 56.20%
Real Estate 		4.91% 0.00% 90.54% 20.29%
Utilities 		4.80% 0.00% 27.04% 46.14%
Basic Materials 		4.10% 0.00% 21.69% 32.87%

Stock Geographic Breakdown

Weighting Return Low Return High NOLVX % Rank
US 		99.21% 1.86% 108.42% 24.98%
Non US 		0.00% 0.00% 27.89% 42.29%

Bond Sector Breakdown

Weighting Return Low Return High NOLVX % Rank
Derivative 		0.72% -3.53% 6.97% 1.90%
Cash & Equivalents 		0.67% 0.00% 100.00% 58.88%
Securitized 		0.00% 0.00% 40.38% 14.60%
Corporate 		0.00% 0.00% 100.00% 28.01%
Municipal 		0.00% 0.00% 0.02% 14.60%
Government 		0.00% 0.00% 100.00% 16.23%

Bond Geographic Breakdown

Weighting Return Low Return High NOLVX % Rank
US 		0.06% -0.71% 65.41% 8.44%
Non US 		0.00% 0.00% 7.82% 13.95%

NOLVX - Expenses

Operational Fees

NOLVX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.75% 0.03% 14.82% 66.72%
Management Fee 0.53% 0.00% 1.50% 38.76%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.00% 0.50% 65.37%

Sales Fees

NOLVX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 5.75% N/A
Deferred Load N/A 0.95% 5.00% N/A

Trading Fees

NOLVX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

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.

NOLVX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 75.05% 0.00% 488.00% 80.10%

NOLVX - Distributions

Dividend Yield Analysis

NOLVX Category Low Category High NOLVX % Rank
Dividend Yield 3.22% 0.00% 38.43% 23.13%

Dividend Distribution Analysis

NOLVX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annually Monthly Quarterly

Net Income Ratio Analysis

NOLVX Category Low Category High NOLVX % Rank
Net Income Ratio 1.55% -1.51% 4.28% 37.80%

Capital Gain Distribution Analysis

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

Distributions History

View More +

NOLVX - Fund Manager Analysis

Managers

Mark Sodergren

Start Date

Tenure

Tenure Rank

Jun 30, 2014

7.92

7.9%

Mark Sodergren is a Senior Vice President at The Northern Trust Company, Chicago. He is a Senior Portfolio Manager and Researcher in the Quantitative Active Team responsible for research and implementation of several quantitative equity strategies. Prior to joining Northern, Mark was a Portfolio Manager at Barclays Global Investors focused on active US large cap strategies. Mark spent 6 years at Citigroup Asset Management as a portfolio manager and researcher focused on both active international and domestic portfolios. Mark received his B.A. degree in Quantitative Economic and Decision Sciences from University of California, San Diego and an M.B.A from the University of Chicago. Mark is a CFA Charterholder.

Sridhar Kancharla

Start Date

Tenure

Tenure Rank

Jul 31, 2015

6.84

6.8%

Sridhar Kancharla, CFA, is a Vice President at the Northern Trust Company, Chicago. He is a Senior Portfolio Manager and Researcher in the Quantitative Active Equity Team responsible for research and implementation of several large/small cap quantitative equity strategies. Prior to joining Northern Trust in 2007, Sridhar was a Senior Software Engineer at Grossman & Associates responsible for developing industry leading commodity management and accounting software deployed at multi-billion dollar grain companies throughout North America. Sridhar holds a B.S in Computer Science and Mathematics from the University of Illinois at Urbana-Champaign. He is a CFA charter holder, a member of the CFA Institute, and the CFA Society of Chicago. Mark received his B.A. degree in Quantitative Economic and Decision Sciences from University of California, San Diego and an M.B.A from the University of Chicago. Mark is a CFA Charterholder.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.05 86.59 8.02 16.42

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