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Name

As of 11/21/2024

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

U.S.TREASURY INDEX FUND

BTIAX | Fund

$19.11

$75 M

2.99%

$0.57

0.27%

Vitals

YTD Return

0.5%

1 yr return

4.3%

3 Yr Avg Return

-2.8%

5 Yr Avg Return

-1.0%

Net Assets

$75 M

Holdings in Top 10

8.5%

52 WEEK LOW AND HIGH

$19.1
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.27%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 32.19%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$2,500

IRA

$500

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 11/21/2024

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

U.S.TREASURY INDEX FUND

BTIAX | Fund

$19.11

$75 M

2.99%

$0.57

0.27%

BTIAX - Profile

Distributions

  • YTD Total Return 0.5%
  • 3 Yr Annualized Total Return -2.8%
  • 5 Yr Annualized Total Return -1.0%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.38%
DIVIDENDS
  • Dividend Yield 3.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    U.S.TREASURY INDEX FUND
  • Fund Family Name
    Northern Trust
  • Inception Date
    Jan 11, 2093
  • Shares Outstanding
    N/A
  • Share Class
    Other
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Michael Chico

Fund Description

Under normal circumstances, the Fund will invest substantially all (and at least 80%) of its net assets in a representative sample of the U.S. Treasury obligations included in the Index. The Fund will buy and sell securities with the goal of achieving an overall duration and total return similar to that of the Index.
The Index is an unmanaged index that includes a broad range of U.S. Treasury obligations and is regarded as representative of U.S. Treasury bond performance overall. As of May 31, 2024, the duration of the Index was approximately 5.92 years. It is rebalanced monthly. The Fund generally rebalances its portfolio in accordance with the Index.
NTI uses a “passive” or indexing approach to try to achieve the Fund’s investment objective. Unlike many investment companies, the Fund does not try to “beat” the index it tracks and does not seek temporary defensive positions when markets decline or appear overvalued. NTI will buy and sell securities in response to changes in the Index as well as in response to subscriptions and redemptions.
NTI uses a representative sampling strategy to manage the Fund. “Representative sampling” is investing in a representative sample of securities that collectively has an investment profile similar to that of an index. The Fund may or may not hold all of the securities that are included in the Index. The Fund reserves the right to invest in all of the securities in the Index in approximately the same proportion (i.e., replication) if NTI determines that it is in the best interest of the Fund.
The Fund intends to be diversified in approximately the same proportion as the Index is diversified. The Fund may become “non-diversified,” as defined in the Investment Company Act of 1940 (the “1940 Act”), solely as a result of a change in relative market capitalization or index weighting of one or more constituents of the Index. A “non-diversified” fund can invest a greater percentage of its assets in a small group of
issuers or in any one issuer than a diversified fund can. Shareholder approval will not be sought if the Fund becomes non-diversified due solely to a change in the relative market capitalization or index weighting of one or more constituents of the Index.
NTI expects that, under normal circumstances, the quarterly performance of the Fund, before fees and expenses, will track the performance of the Index within a 0.95 correlation coefficient.
The Index is created and sponsored by Bloomberg Index Services Limited (“Bloomberg”), as the index provider. Bloomberg determines the composition and relative weightings of the securities in the Index and publishes information regarding the market value of the Index. Bloomberg does not endorse any of the securities in the Index. It is not a sponsor of the U.S. Treasury Index Fund and is not affiliated with the Fund in any way.
Read More

BTIAX - Performance

Return Ranking - Trailing

Period BTIAX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.5% -3.9% 24.8% 77.43%
1 Yr 4.3% -4.4% 32.0% 88.50%
3 Yr -2.8%* -7.9% 11.6% 74.67%
5 Yr -1.0%* -5.9% 3.0% 64.49%
10 Yr 0.7%* -2.3% 3.1% 34.52%

* Annualized

Return Ranking - Calendar

Period BTIAX Return Category Return Low Category Return High Rank in Category (%)
2023 1.5% -1.0% 22.1% 31.42%
2022 -14.1% -20.4% -5.8% 75.11%
2021 -4.6% -7.1% 16.6% 89.09%
2020 6.2% -1.3% 8.8% 3.27%
2019 4.5% 0.3% 7.1% 4.74%

Total Return Ranking - Trailing

Period BTIAX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.5% -3.9% 24.8% 77.43%
1 Yr 4.3% -4.4% 32.0% 88.50%
3 Yr -2.8%* -7.9% 11.6% 74.67%
5 Yr -1.0%* -5.9% 3.0% 64.49%
10 Yr 0.7%* -2.3% 3.1% 34.52%

* Annualized

Total Return Ranking - Calendar

Period BTIAX Return Category Return Low Category Return High Rank in Category (%)
2023 3.7% -0.5% 28.8% 76.11%
2022 -12.6% -18.5% -3.3% 77.78%
2021 -2.4% -4.5% 25.3% 80.91%
2020 7.8% -1.3% 13.0% 18.69%
2019 6.7% 1.8% 11.3% 8.06%

NAV & Total Return History

BTIAX - Holdings

Concentration Analysis

BTIAX Category Low Category High BTIAX % Rank
Net Assets 75 M 8.69 M 134 B 95.13%
Number of Holdings 286 14 12380 63.72%
Net Assets in Top 10 6.64 M 5.36 M 56.1 B 98.23%
Weighting of Top 10 8.51% 6.2% 99.5% 98.67%

Top 10 Holdings

  1. T 4.375 05/15/34 1.03%
  2. T 4 02/15/34 0.91%
  3. T 3.875 08/15/33 0.90%
  4. T 4.5 11/15/33 0.88%
  5. T 4.125 11/15/32 0.86%
  6. T 1.25 08/15/31 0.82%
  7. T 3.5 02/15/33 0.82%
  8. T 3.625 08/31/29 0.77%
  9. T 1.375 11/15/31 0.77%
  10. T 1.625 05/15/31 0.75%

Asset Allocation

Weighting Return Low Return High BTIAX % Rank
Bonds 		99.18% 0.06% 167.53% 58.85%
Cash 		0.82% -20.28% 27.25% 66.81%
Stocks 		0.00% 0.00% 95.28% 98.23%
Preferred Stocks 		0.00% 0.00% 0.12% 98.23%
Other 		0.00% -21.19% 22.58% 82.30%
Convertible Bonds 		0.00% 0.00% 3.29% 98.23%

Bond Sector Breakdown

Weighting Return Low Return High BTIAX % Rank
Government 		100.00% 0.00% 100.00% 0.44%
Cash & Equivalents 		0.17% 0.00% 27.25% 78.76%
Derivative 		0.00% -18.12% 3.25% 55.75%
Securitized 		0.00% 0.00% 99.79% 99.56%
Corporate 		0.00% 0.00% 9.48% 98.67%
Municipal 		0.00% 0.00% 5.24% 98.67%

Bond Geographic Breakdown

Weighting Return Low Return High BTIAX % Rank
US 		99.18% 0.06% 167.53% 58.85%
Non US 		0.00% 0.00% 2.20% 98.23%

BTIAX - Expenses

Operational Fees

BTIAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.27% 0.03% 2.85% 88.44%
Management Fee 0.13% 0.00% 0.85% 11.95%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.45% 79.69%

Sales Fees

BTIAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.00% 4.50% N/A
Deferred Load N/A 1.00% 4.50% N/A

Trading Fees

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

BTIAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 32.19% 3.35% 948.00% 21.13%

BTIAX - Distributions

Dividend Yield Analysis

BTIAX Category Low Category High BTIAX % Rank
Dividend Yield 2.99% 0.00% 4.94% 92.48%

Dividend Distribution Analysis

BTIAX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

BTIAX Category Low Category High BTIAX % Rank
Net Income Ratio 1.38% -0.80% 2.96% 9.33%

Capital Gain Distribution Analysis

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

Distributions History

View More +

BTIAX - Fund Manager Analysis

Managers

Michael Chico

Start Date

Tenure

Tenure Rank

Jul 31, 2013

8.84

8.8%

Michael Chico is a Vice President at the Northern Trust Investments, Inc. He is a Fixed Income Portfolio Manager in the Fixed Income group and is responsible for quantitatively managing and trading fixed income accounts for Northern Trust clients. Mike originally joined Northern Trust in 2005 as Fixed Income Securities Trader with Northern Trust Securities, Inc., where he focused on structured products, non-USD fixed income securities, MBS/ABS, and Treasury securities. Prior to joining Northern Trust, he was vice president of MBS Trading at J.P. Morgan Securities, Inc, formerly Banc One Capital Markets, Inc.Mike received his B.A. degree in Economics from the University of Pennsylvania and his M.B.A. in Finance and Economics from The University of Chicago Graduate School of Business. He is a CFA charterholder in the CFA Society of Chicago. Michael R. Chico is Vice President of NTI. Mr. Chico joined NTI in 2007 and is responsible for managing various fixed-income funds.

Daniel Personette

Start Date

Tenure

Tenure Rank

Mar 25, 2021

1.18

1.2%

Daniel J. Personette, CFA is a Vice President, Director- Interest Rate Strategy and a Senior Fixed Income Portfolio Manager with the long duration fixed income group within Northern Trust Global Investments. Dan is responsible for the interest rate strategy for active long duration fixed income, and is also lead portfolio manager for $15 billion passive global interest rate and $11 billion in domestic inflation products and ETF's. Prior to joining Northern Trust as an Accounting Auditor in 1996, he served in the shareholder service department at Kemper Mutual Funds. He was named an Officer In September of 2000, and a Second Vice President in 2003.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.11 31.64 8.38 7.35

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