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Name

As of 11/19/2024

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

BOND INDEX FUND

NOBOX | Fund

$9.14

$2.36 B

3.78%

$0.34

0.12%

Vitals

YTD Return

1.4%

1 yr return

6.0%

3 Yr Avg Return

-2.4%

5 Yr Avg Return

-0.4%

Net Assets

$2.36 B

Holdings in Top 10

7.2%

52 WEEK LOW AND HIGH

$9.1
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.12%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 48.74%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$2,500

IRA

$500

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 11/19/2024

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

BOND INDEX FUND

NOBOX | Fund

$9.14

$2.36 B

3.78%

$0.34

0.12%

NOBOX - Profile

Distributions

  • YTD Total Return 1.4%
  • 3 Yr Annualized Total Return -2.4%
  • 5 Yr Annualized Total Return -0.4%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.77%
DIVIDENDS
  • Dividend Yield 3.8%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    BOND INDEX FUND
  • Fund Family Name
    Northern Funds
  • Inception Date
    Feb 27, 2007
  • Shares Outstanding
    N/A
  • Share Class
    Other
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Kevin O'Shaughnessy

NOBOX - Performance

Return Ranking - Trailing

Period NOBOX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.4% -6.4% 11.1% 85.01%
1 Yr 6.0% -2.1% 16.2% 89.01%
3 Yr -2.4%* -10.6% 27.5% 60.19%
5 Yr -0.4%* -7.5% 58.4% 74.74%
10 Yr 1.3%* -2.9% 73.8% 61.78%

* Annualized

Return Ranking - Calendar

Period NOBOX Return Category Return Low Category Return High Rank in Category (%)
2023 2.1% -16.2% 8.1% 51.34%
2022 -15.1% -34.7% 131.9% 22.32%
2021 -4.1% -11.6% 4.4% 80.75%
2020 3.9% -10.1% 946.1% 52.22%
2019 5.3% -1.7% 16.9% 61.57%

Total Return Ranking - Trailing

Period NOBOX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.4% -6.4% 11.1% 85.01%
1 Yr 6.0% -2.1% 16.2% 89.01%
3 Yr -2.4%* -10.6% 27.5% 60.19%
5 Yr -0.4%* -7.5% 58.4% 74.74%
10 Yr 1.3%* -2.9% 73.8% 61.78%

* Annualized

Total Return Ranking - Calendar

Period NOBOX Return Category Return Low Category Return High Rank in Category (%)
2023 5.2% -11.3% 11.9% 79.01%
2022 -13.0% -32.2% 131.9% 31.47%
2021 -1.7% -9.4% 9.2% 75.25%
2020 7.3% -1.9% 1009.0% 73.61%
2019 8.6% 1.1% 21668.0% 56.58%

NAV & Total Return History

NOBOX - Holdings

Concentration Analysis

NOBOX Category Low Category High NOBOX % Rank
Net Assets 2.36 B 2.9 M 314 B 39.90%
Number of Holdings 3601 1 17787 11.00%
Net Assets in Top 10 166 M 1.62 M 35.1 B 64.23%
Weighting of Top 10 7.19% 4.4% 432.9% 97.63%

Top 10 Holdings

  1. Northern Inst Fds GOVT PTFL 1.90%
  2. T 4 02/15/34 1.05%
  3. T 4.5 11/15/33 0.66%
  4. T 3.875 08/15/33 0.63%
  5. T 3.5 02/15/33 0.61%
  6. T 3.375 05/15/33 0.60%
  7. T 4.625 05/31/31 0.44%
  8. T 4.875 05/31/26 0.43%
  9. T 4.625 11/15/26 0.43%
  10. T 4.625 10/15/26 0.43%

Asset Allocation

Weighting Return Low Return High NOBOX % Rank
Bonds 		96.37% 0.00% 993.61% 44.10%
Other 		2.19% -16.55% 52.94% 62.90%
Cash 		1.90% -54.51% 237.69% 58.27%
Convertible Bonds 		0.74% 0.00% 7.93% 74.74%
Stocks 		0.00% 0.00% 99.99% 96.72%
Preferred Stocks 		0.00% 0.00% 71.02% 97.23%

Bond Sector Breakdown

Weighting Return Low Return High NOBOX % Rank
Government 		44.28% 0.00% 86.23% 7.45%
Securitized 		30.46% 0.00% 98.40% 47.10%
Corporate 		24.58% 0.00% 100.00% 69.46%
Cash & Equivalents 		1.90% -0.46% 237.69% 56.32%
Municipal 		0.69% 0.00% 100.00% 34.47%
Derivative 		0.00% -1.58% 44.82% 79.65%

Bond Geographic Breakdown

Weighting Return Low Return High NOBOX % Rank
US 		96.37% 0.00% 993.61% 41.32%
Non US 		0.00% 0.00% 30.95% 97.43%

NOBOX - Expenses

Operational Fees

NOBOX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.12% 0.01% 39.64% 96.59%
Management Fee 0.06% 0.00% 1.76% 4.36%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.50% 83.27%

Sales Fees

NOBOX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.00% 5.75% N/A
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

NOBOX 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.

NOBOX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 48.74% 2.00% 493.39% 17.63%

NOBOX - Distributions

Dividend Yield Analysis

NOBOX Category Low Category High NOBOX % Rank
Dividend Yield 3.78% 0.00% 10.11% 81.85%

Dividend Distribution Analysis

NOBOX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Quarterly Monthly Quarterly

Net Income Ratio Analysis

NOBOX Category Low Category High NOBOX % Rank
Net Income Ratio 1.77% -1.28% 4.79% 45.61%

Capital Gain Distribution Analysis

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

Distributions History

View More +

NOBOX - Fund Manager Analysis

Managers

Kevin O'Shaughnessy

Start Date

Tenure

Tenure Rank

Jul 31, 2019

2.84

2.8%

Kevin is responsible for quantitatively managing and trading fixed income portfolios for Northern Trust clients. He currently manages both separately managed accounts and daily valued commingled funds. Kevin began his career with American National Bank (ANB) in 1989. He continued his role as a senior portfolio manager after Northern Trust’s purchase of ANB at the end of 1997. Prior to his current responsibilities, Kevin managed fixed income portfolios with American National Bank’s investment management subsidiary.

Chaitany Mandavakuriti

Start Date

Tenure

Tenure Rank

Mar 25, 2021

1.18

1.2%

Chaitanya Mandavakuriti, a Vice President of Northern Trust Investments, Inc., has served as a Portfolio Manager of the Fund since March 2021. Chaitanya Mandavakuriti is a Vice President of NTI. Mr. Mandavakuriti joined NTI in 2013 and has assisted in the management of international fixed income index portfolios with a focus on credit.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 33.43 6.77 1.16

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