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Trending ETFs

Name

As of 11/01/2024

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

$10.83

$123 M

3.19%

$0.35

1.09%

Vitals

YTD Return

3.7%

1 yr return

17.3%

3 Yr Avg Return

-4.5%

5 Yr Avg Return

0.6%

Net Assets

$123 M

Holdings in Top 10

27.5%

52 WEEK LOW AND HIGH

$10.9
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.09%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 42.01%

Redemption Fee 2.00%


Min Investment

Standard (Taxable)

$2,500

IRA

$500


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 11/01/2024

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

$10.83

$123 M

3.19%

$0.35

1.09%

NMMGX - Profile

Distributions

  • YTD Total Return 3.7%
  • 3 Yr Annualized Total Return -4.5%
  • 5 Yr Annualized Total Return 0.6%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.20%
DIVIDENDS
  • Dividend Yield 3.2%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    MULTI-MANAGER GLOBAL REAL ESTATE FUND
  • Fund Family Name
    Northern Trust
  • Inception Date
    Nov 19, 2008
  • Shares Outstanding
    N/A
  • Share Class
    Other
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Christopher Vella

Fund Description

In seeking long-term capital appreciation and current income, the Fund will invest, under normal circumstances, at least 80% of its net assets in equity securities of real estate companies and real estate related companies (collectively “real estate companies”). This means that the Fund will concentrate its investments (i.e., invest at least 25% or more of its total assets) in issuers principally engaged in real estate activities. The Fund considers companies to be engaged in real estate activities if they derive a significant portion of their revenues from the ownership, construction, financing, management or sale of commercial, industrial or residential real estate or if they have a significant portion of their assets in these types of real estate-related areas. The Fund will invest in equity-related securities of U.S. and foreign real estate companies. The Fund does not invest directly in real estate.
The Fund’s investments in equity-related securities of real estate companies will generally be primarily in securities of companies known as real estate investment trusts (“REITs”) or U.S. or non-U.S. REIT-like companies that own and/or manage property. The Fund may invest without limit in the securities of REITs. The Fund may also invest in equity securities of other types of real estate companies including REITs that invest in real estate-related loans and real estate operating companies.
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 style, 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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NMMGX - Performance

Return Ranking - Trailing

Period NMMGX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.7% -6.5% 20.2% 69.32%
1 Yr 17.3% -8.9% 42.3% 63.07%
3 Yr -4.5%* -16.3% 18.3% 66.27%
5 Yr 0.6%* -10.0% 16.1% 58.79%
10 Yr 3.4%* -2.3% 11.1% 52.68%

* Annualized

Return Ranking - Calendar

Period NMMGX Return Category Return Low Category Return High Rank in Category (%)
2023 6.8% -16.8% 16.7% 71.26%
2022 -27.0% -39.5% 4.5% 28.99%
2021 25.2% -0.9% 30.7% 17.58%
2020 -5.9% -20.7% 13.7% 43.64%
2019 18.1% 1.0% 26.5% 33.54%

Total Return Ranking - Trailing

Period NMMGX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.7% -6.5% 20.2% 69.32%
1 Yr 17.3% -8.9% 42.3% 63.07%
3 Yr -4.5%* -16.3% 18.3% 66.27%
5 Yr 0.6%* -10.0% 16.1% 58.79%
10 Yr 3.4%* -2.3% 11.1% 52.68%

* Annualized

Total Return Ranking - Calendar

Period NMMGX Return Category Return Low Category Return High Rank in Category (%)
2023 9.9% -14.6% 23.4% 70.11%
2022 -26.2% -39.5% 10.1% 55.62%
2021 28.8% 5.7% 101.8% 26.67%
2020 -4.2% -17.8% 14.7% 47.27%
2019 23.7% 4.3% 37.2% 53.66%

NAV & Total Return History


NMMGX - Holdings

Concentration Analysis

NMMGX Category Low Category High NMMGX % Rank
Net Assets 123 M 4.27 M 7.48 B 75.72%
Number of Holdings 109 5 691 18.18%
Net Assets in Top 10 33.3 M 1.9 M 4.55 B 77.84%
Weighting of Top 10 27.50% 20.1% 64.5% 96.00%

Top 10 Holdings

  1. Prologis Inc. COM USD0.01 5.10%
  2. Equinix, Inc. COM USD0.001 3.47%
  3. Goodman Group NPV (STAPLED UNITS) 2.94%
  4. Northern Inst Fds GOVT PTFL 2.81%
  5. Extra Space Storage Inc. COM USD0.01 2.55%
  6. Equinix, Inc. COM USD0.001 2.47%
  7. Mid-America Apartment Communities, Inc. COM USD0.01 2.24%
  8. Digital Realty Trust Inc. COM STK USD0.01 2.01%
  9. Equity Lifestyle Properties Inc COM USD0.01 2.01%
  10. Mitsui Fudosan Co Ltd. NPV 1.92%

Asset Allocation

Weighting Return Low Return High NMMGX % Rank
Stocks
95.40% 3.01% 126.54% 87.50%
Cash
4.60% 0.00% 11.23% 15.91%
Preferred Stocks
0.00% 0.00% 7.41% 63.07%
Other
0.00% -33.49% 99.87% 74.43%
Convertible Bonds
0.00% 0.00% 0.07% 60.57%
Bonds
0.00% 0.00% 23.39% 61.93%

Stock Sector Breakdown

Weighting Return Low Return High NMMGX % Rank
Real Estate
96.03% 72.53% 100.00% 74.85%
Communication Services
2.54% 0.00% 10.08% 14.04%
Healthcare
0.71% 0.00% 1.54% 11.11%
Financial Services
0.48% 0.00% 9.53% 14.62%
Technology
0.24% 0.00% 4.92% 36.84%
Utilities
0.00% 0.00% 0.96% 61.99%
Industrials
0.00% 0.00% 4.91% 69.59%
Energy
0.00% 0.00% 0.11% 60.82%
Consumer Defense
0.00% 0.00% 0.18% 62.57%
Consumer Cyclical
0.00% 0.00% 13.03% 87.72%
Basic Materials
0.00% 0.00% 1.63% 61.99%

Stock Geographic Breakdown

Weighting Return Low Return High NMMGX % Rank
US
61.69% 0.00% 102.76% 67.61%
Non US
33.71% 0.00% 98.87% 70.45%

NMMGX - Expenses

Operational Fees

NMMGX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.09% 0.10% 36.96% 68.18%
Management Fee 0.89% 0.09% 1.50% 74.86%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.25% 93.07%

Sales Fees

NMMGX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.50% 5.75% N/A
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

NMMGX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee 2.00% 0.25% 2.00% 50.00%

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.

NMMGX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 42.01% 1.00% 165.00% 32.94%

NMMGX - Distributions

Dividend Yield Analysis

NMMGX Category Low Category High NMMGX % Rank
Dividend Yield 3.19% 0.00% 5.52% 67.05%

Dividend Distribution Analysis

NMMGX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annual Quarterly Quarterly

Net Income Ratio Analysis

NMMGX Category Low Category High NMMGX % Rank
Net Income Ratio 1.20% -0.23% 3.84% 62.21%

Capital Gain Distribution Analysis

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

Distributions History

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NMMGX - Fund Manager Analysis

Managers

Christopher Vella


Start Date

Tenure

Tenure Rank

Jan 05, 2012

10.41

10.4%

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
0.09 20.42 7.15 10.42