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NMMGX Northern Multi-Manager Glbl Real Estate

  • Fund
  • NMMGX
  • Price as of: Aug 19, 2019
  • $11.45 + $0.09 + 0.79%
  • Category
  • Global Equities

NMMGX - Profile

Vitals

  • YTD Return 17.2%
  • 3 Yr Annualized Return -3.4%
  • 5 Yr Annualized Return -8.8%
  • Net Assets $102 M
  • Holdings in Top 10 27.1%

52 WEEK LOW AND HIGH

$11.45
$9.56
$11.54

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.20%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 66.43%

TRADING FEES

  • Max Redemption Fee 2.00%

Min Investment

STANDARD (TAXABLE)

$2,500

IRA

$500

Investment Themes

CATEGORY

Global Equities
  • Fund Type Open End Mutual Fund
  • Investment Style Global Real Estate

Distributions

  • YTD Total Return 17.2%
  • 3 Yr Annualized Total Return 3.7%
  • 5 Yr Annualized Total Return 4.2%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.47%
DIVIDENDS
  • Dividend Yield 1.3%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name Northern Multi-Manager Global Real Estate Fund
  • Fund Family Name Northern Funds
  • Inception Date Nov 19, 2008
  • Shares Outstanding N/A
  • Share Class No Load
  • Currency USD
  • Domiciled Country United States
  • Manager Christopher E. Vella

Fund Description

The fund will invest at least 80% of its net assets in equity securities of real estate companies and real estate related companies. It will invest in equity-related securities of real estate companies on a global basis. The advisor anticipates that it will invest greater than 25% of its assets in equity-related securities of real estate companies in the U.S. The fund does not invest directly in real estate.

NMMGX - Performance

Return Ranking - Trailing

Period NMMGX Return Category Return Low Category Return High Rank in Category (%)
YTD 17.2% -17.7% 37.5% 29.55%
1 Yr 4.1% -70.8% 13.4% 7.52%
3 Yr -3.4%* -31.9% 25.2% 89.81%
5 Yr -8.8%* -22.4% 14.3% 96.49%
10 Yr -2.7%* -9.2% 13.0% 98.55%

* Annualized


Return Ranking - Calendar

Period NMMGX Return Category Return Low Category Return High Rank in Category (%)
2018 -9.9% -73.8% -0.3% 12.48%
2017 3.8% -19.8% 49.8% 97.11%
2016 -10.0% -73.5% 24.7% 97.77%
2015 -27.7% -27.7% 17.2% 100.00%
2014 -1.8% -40.2% 18.4% 53.77%

Total Return Ranking - Trailing

Period NMMGX Return Category Return Low Category Return High Rank in Category (%)
YTD 17.2% -17.7% 37.5% 29.55%
1 Yr 4.8% -70.8% 18.0% 12.18%
3 Yr 3.7%* -31.4% 25.2% 63.77%
5 Yr 4.2%* -22.4% 16.9% 38.99%
10 Yr 8.2%* -9.2% 15.2% 40.24%

* Annualized


Total Return Ranking - Calendar

Period NMMGX Return Category Return Low Category Return High Rank in Category (%)
2018 -7.6% -73.8% 1.8% 16.05%
2017 9.7% 0.9% 53.2% 94.49%
2016 4.2% -21.0% 26.9% 55.51%
2015 -1.2% -26.7% 18.6% 41.42%
2014 11.8% -23.9% 18.4% 2.36%

NAV & Total Return History

NMMGX - Holdings

Concentration Analysis

NMMGX Category Low Category High NMMGX % Rank
Net Assets 102 M 3.25 M 97.3 B 76.23%
Number of Holdings 101 2 8191 34.84%
Net Assets in Top 10 26.5 M 606 K 17.1 B 77.32%
Weighting of Top 10 27.09% 6.8% 179.4% 57.51%

Top 10 Holdings

  1. Public Storage 3.89%

  2. AvalonBay Communities Inc 3.42%

  3. Mid-America Apartment Communities Inc 3.38%

  4. Prologis Inc 3.21%

  5. Welltower Inc 2.73%

  6. Link Real Estate Investment Trust 2.50%

  7. Alexandria Real Estate Equities Inc 2.23%

  8. Simon Property Group Inc 2.17%

  9. Goodman Group 1.79%

  10. VICI Properties Inc Ordinary Shares 1.77%


Asset Allocation

Weighting Return Low Return High NMMGX % Rank
Stocks
99.15% -0.01% 116.16% 19.13%
Other
0.85% -0.54% 25.01% 11.75%
Preferred Stocks
0.00% 0.00% 13.48% 65.71%
Convertible Bonds
0.00% 0.00% 27.20% 60.93%
Cash
0.00% -0.45% 42.24% 96.86%
Bonds
0.00% -28.13% 99.46% 62.84%

Stock Sector Breakdown

Weighting Return Low Return High NMMGX % Rank
Real Estate
96.78% -0.42% 96.78% 0.14%
Industrials
1.00% 0.00% 80.34% 99.45%
Communication Services
0.80% 0.00% 39.16% 70.23%
Consumer Cyclical
0.16% 0.00% 57.09% 95.61%
Utilities
0.00% -0.06% 89.43% 83.68%
Technology
0.00% 0.00% 73.44% 98.77%
Healthcare
0.00% 0.00% 27.74% 95.34%
Financial Services
0.00% 0.00% 44.34% 96.84%
Energy
0.00% 0.00% 52.81% 93.83%
Consumer Defense
0.00% 0.00% 40.44% 96.43%
Basic Materials
0.00% 0.00% 26.45% 92.73%

Stock Geographic Breakdown

Weighting Return Low Return High NMMGX % Rank
US
53.35% -0.01% 97.33% 34.97%
Non US
45.80% 0.00% 99.77% 46.86%

NMMGX - Expenses

Operational Fees

NMMGX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.20% 0.01% 164.00% 55.81%
Management Fee 0.89% 0.00% 1.50% 79.10%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.15% 0.01% 0.47% 80.99%

Sales Fees

NMMGX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.08% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

NMMGX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee 2.00% 0.08% 2.00% 37.43%

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.

NMMGX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 66.43% 2.00% 1856.00% 72.15%

NMMGX - Distributions

Dividend Yield Analysis

NMMGX Category Low Category High NMMGX % Rank
Dividend Yield 1.27% 0.00% 0.73% 24.04%

Dividend Distribution Analysis

NMMGX Category Low Category High Category Mode
Dividend Distribution Frequency Quarterly Annually Semi-Annually Annually

Dividend Payout History


Net Income Ratio Analysis

NMMGX Category Low Category High NMMGX % Rank
Net Income Ratio 2.47% -1.68% 6.88% 7.25%

Capital Gain Distribution Analysis

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

NMMGX - Managers

Christopher E. Vella

Manager

Start Date

Tenure

Tenure Rank

Jan 05, 2012

7.57

7.6%

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

0.0

Category High

36.85

Category Average

6.81

Category Mode

7.12