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Trending ETFs

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

$12.44

$1.02 B

2.44%

$0.30

1.04%

Vitals

YTD Return

6.1%

1 yr return

12.4%

3 Yr Avg Return

3.0%

5 Yr Avg Return

4.0%

Net Assets

$1.02 B

Holdings in Top 10

23.5%

52 WEEK LOW AND HIGH

$12.4
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.04%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 62.31%

Redemption Fee 2.00%


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

$12.44

$1.02 B

2.44%

$0.30

1.04%

NMFIX - Profile

Distributions

  • YTD Total Return 6.1%
  • 3 Yr Annualized Total Return 3.0%
  • 5 Yr Annualized Total Return 4.0%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.38%
DIVIDENDS
  • Dividend Yield 2.4%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    MULTI-MANAGER GLOBAL LISTED INFRASTRUCTURE FUND
  • Fund Family Name
    Northern Trust
  • Inception Date
    Sep 18, 2012
  • Shares Outstanding
    N/A
  • Share Class
    Other
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Christopher Vella

Fund Description

In seeking to achieve total return, the Fund will invest, under normal circumstances, at least 80% of its net assets (plus borrowings for investment purposes) in securities of infrastructure companies listed on a domestic or foreign exchange. The Fund invests primarily in equity securities, including common stock, of infrastructure companies. Under normal circumstances, the Fund will invest at least 40%, and may invest up to 100%, of its net assets in the securities of infrastructure companies economically tied to a foreign (non-U.S.) country, including emerging market countries (i.e., those that are generally in the early stages of their industrial cycles). The Fund may invest in large, medium or small capitalization infrastructure companies. The Fund will invest at least 25% or more of its total assets in issuers principally engaged in the infrastructure business.
The Fund considers a company to be engaged in the infrastructure business if it derives at least 50% of its revenues or earnings from, or devotes at least 50% of its assets to, infrastructure-related activities. The Fund defines “infrastructure” as the systems and networks of energy, transportation, utilities, communication and other services required for the normal function of society. Infrastructure companies are involved in, among other things: (1) the generation, transmission and distribution of electric energy; (2) the storage, transportation and distribution of natural resources, such as natural gas, used to produce energy; (3) alternative and sustainable energy sources; (4) the building, operation and maintenance of highways, toll roads, tunnels, bridges and parking lots; (5) the building, operation and
maintenance of airports and ports, railroads and mass transit systems; (6) telecommunications and digital infrastructure, including wireless, cable networks and data centers; (7) water treatment and distribution; (8) social infrastructure and other public services such as health care and education; and (9) businesses tied to future infrastructure spending and infrastructure project management including consultancy and engineering.
The Fund may enter into spot and forward foreign currency exchange contracts to facilitate settlement of securities transactions.
The Fund utilizes a “multi-manager” approach whereby the Fund’s assets are allocated to one or more sub-advisers, in percentages determined at the discretion of NTI. Each sub-adviser acts independently from the others and utilizes its own distinct investment style in selecting securities. However, each sub-adviser must operate within the constraints of the Fund’s investment objective, strategies and restrictions.
When determining the allocations and reallocations to sub-advisers, NTI will consider a variety of factors, including but not limited to the sub-adviser’s investment approach, historical performance, and the characteristics of each sub-adviser’s allocated assets (including capitalization, growth and profitability measures, valuation metrics, economic sector exposures, and earnings and volatility statistics). NTI seeks, through its selection of sub-advisers and its allocation determinations, to reduce portfolio volatility and provide an attractive combination of risk and return for the Fund.
The sub-advisers may engage in active trading, and will not consider portfolio turnover a limiting factor in making decisions for the Fund.
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NMFIX - Performance

Return Ranking - Trailing

Period NMFIX Return Category Return Low Category Return High Rank in Category (%)
YTD 6.1% -8.6% 30.3% 85.11%
1 Yr 12.4% 0.7% 44.5% 85.11%
3 Yr 3.0%* -12.6% 16.6% 77.66%
5 Yr 4.0%* -0.9% 21.8% 96.10%
10 Yr 4.4%* 2.4% 8.7% 80.85%

* Annualized

Return Ranking - Calendar

Period NMFIX Return Category Return Low Category Return High Rank in Category (%)
2023 3.6% -17.5% 30.1% 29.79%
2022 -10.7% -28.1% -3.4% 47.87%
2021 2.9% -28.7% 35.7% 82.02%
2020 -4.8% -12.5% 28.8% 61.04%
2019 21.2% 9.9% 33.6% 69.74%

Total Return Ranking - Trailing

Period NMFIX Return Category Return Low Category Return High Rank in Category (%)
YTD 6.1% -8.6% 30.3% 85.11%
1 Yr 12.4% 0.7% 44.5% 85.11%
3 Yr 3.0%* -12.6% 16.6% 77.66%
5 Yr 4.0%* -0.9% 21.8% 96.10%
10 Yr 4.4%* 2.4% 8.7% 80.85%

* Annualized

Total Return Ranking - Calendar

Period NMFIX Return Category Return Low Category Return High Rank in Category (%)
2023 6.6% -15.6% 31.0% 26.60%
2022 -7.2% -27.1% -0.5% 40.43%
2021 13.6% -3.5% 36.4% 64.04%
2020 -2.6% -11.2% 29.9% 58.44%
2019 24.3% 16.7% 35.3% 84.21%

NAV & Total Return History


NMFIX - Holdings

Concentration Analysis

NMFIX Category Low Category High NMFIX % Rank
Net Assets 1.02 B 1.83 M 8.77 B 8.51%
Number of Holdings 123 26 233 10.64%
Net Assets in Top 10 239 M 823 K 5.05 B 23.40%
Weighting of Top 10 23.49% 7.6% 62.5% 98.94%

Top 10 Holdings

  1. National Grid PLC ORD GBP0.12431289 2.95%
  2. NextEra Energy Inc COM USD0.01 2.61%
  3. Exelon Corporation COM NPV 2.43%
  4. Ferrovial SE EUR0.01 2.42%
  5. Norfolk Southern Corporation COM USD1 2.41%
  6. Vinci SA EUR2.50 2.34%
  7. Northern Institutional Funds GOVT PTFL 2.24%
  8. National Grid PLC ORD GBP0.12431289 2.08%
  9. Transurban Group STAPLED UNITS NPV 2.01%
  10. American Electric Power Co, Inc. COM USD6.50 2.00%

Asset Allocation

Weighting Return Low Return High NMFIX % Rank
Stocks
95.83% 86.92% 101.95% 80.85%
Cash
3.52% 0.00% 8.05% 20.21%
Other
2.35% -0.33% 8.99% 4.26%
Bonds
0.10% 0.00% 6.41% 2.13%
Preferred Stocks
0.00% 0.00% 2.81% 86.17%
Convertible Bonds
0.00% 0.00% 2.46% 84.04%

Stock Sector Breakdown

Weighting Return Low Return High NMFIX % Rank
Utilities
54.94% 3.71% 96.19% 20.21%
Industrials
31.24% 0.00% 68.24% 29.79%
Real Estate
7.28% 0.00% 23.51% 46.81%
Energy
3.49% 0.00% 32.46% 79.79%
Communication Services
1.24% 0.00% 27.53% 77.66%
Consumer Defense
0.91% 0.00% 0.99% 7.45%
Technology
0.90% 0.00% 25.65% 31.91%
Healthcare
0.00% 0.00% 6.54% 84.04%
Financial Services
0.00% 0.00% 17.28% 86.17%
Consumer Cyclical
0.00% 0.00% 10.02% 87.23%
Basic Materials
0.00% 0.00% 25.54% 88.30%

Stock Geographic Breakdown

Weighting Return Low Return High NMFIX % Rank
Non US
53.30% 0.00% 97.23% 22.34%
US
42.53% 2.02% 99.99% 87.23%

Bond Sector Breakdown

Weighting Return Low Return High NMFIX % Rank
Cash & Equivalents
3.52% 0.00% 8.05% 19.15%
Derivative
2.35% -0.33% 2.35% 1.06%
Securitized
0.00% 0.00% 0.00% 83.87%
Corporate
0.00% 0.00% 67.73% 83.87%
Municipal
0.00% 0.00% 0.00% 83.87%
Government
0.00% 0.00% 63.75% 83.87%

Bond Geographic Breakdown

Weighting Return Low Return High NMFIX % Rank
US
0.10% -1.87% 0.10% 1.06%
Non US
0.00% 0.00% 8.28% 84.04%

NMFIX - Expenses

Operational Fees

NMFIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.04% 0.30% 10.15% 71.28%
Management Fee 0.90% 0.30% 1.00% 95.74%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.04% 0.15% 85.35%

Sales Fees

NMFIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 4.50% 5.75% N/A
Deferred Load N/A 1.00% 1.00% N/A

Trading Fees

NMFIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee 2.00% 2.00% 2.00% 100.00%

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.

NMFIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 62.31% 13.00% 128.00% 63.01%

NMFIX - Distributions

Dividend Yield Analysis

NMFIX Category Low Category High NMFIX % Rank
Dividend Yield 2.44% 0.00% 5.50% 26.60%

Dividend Distribution Analysis

NMFIX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly SemiAnnual Quarterly Quarterly

Net Income Ratio Analysis

NMFIX Category Low Category High NMFIX % Rank
Net Income Ratio 2.38% -0.39% 4.38% 14.44%

Capital Gain Distribution Analysis

NMFIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

Distributions History

View More +

NMFIX - Fund Manager Analysis

Managers

Christopher Vella


Start Date

Tenure

Tenure Rank

Sep 18, 2012

9.7

9.7%

Christopher E. Vella, CFA, CIO, Senior Vice President of Northern Trust Investments, Inc, is the portfolio manager for each of the Funds. Mr. Vella has been with Northern Trust since 2004 and has been the Chief Investment Officer of Multi-Manager Solutions Group since 2011. Prior to taking on Chief Investment Officer responsibilities, Mr. Vella was the Global Director of Northern’s Manager Research Team.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.17 18.18 5.83 8.08