NOBOX: Northern Bond Index

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NOBOX Northern Bond Index


Profile

NOBOX - Profile

Vitals

  • YTD Return 5.1%
  • 3 Yr Annualized Return 2.2%
  • 5 Yr Annualized Return 1.2%
  • Net Assets $3.44 B
  • Holdings in Top 10 11.2%

52 WEEK LOW AND HIGH

$11.32
$10.64
$11.45

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.18%

SALES FEES

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

BROKERAGE FEES

  • Turnover 53.74%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $2,500
  • IRA $500

Fund Classification


Distributions

  • YTD Total Return 5.1%
  • 3 Yr Annualized Total Return 2.2%
  • 5 Yr Annualized Total Return 1.3%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.63%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Northern Bond Index Fund
  • Fund Family Name
    Northern Funds
  • Inception Date
    Feb 27, 2007
  • Shares Outstanding
    N/A
  • Share Class
    No Load
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Brandon Ferguson

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Categories

Performance

NOBOX - Performance

Return Ranking - Trailing

Period NOBOX Return Category Return Low Category Return High Rank in Category (%)
YTD 5.1% -31.9% 955.1% 25.13%
1 Yr 4.8% -28.2% 953.0% 26.12%
3 Yr 2.2%* -17.2% 120.9% 19.56%
5 Yr 1.2%* -8.3% 60.6% 30.79%
10 Yr 0.5%* -5.2% 14.4% 32.20%

* Annualized

Return Ranking - Calendar

Period NOBOX Return Category Return Low Category Return High Rank in Category (%)
2019 5.3% -5.8% 20.3% 33.22%
2018 -2.9% -29.6% 4.6% 60.39%
2017 0.8% -6.0% 15.8% 65.88%
2016 -0.4% -7.8% 15.0% 46.72%
2015 -2.2% -11.6% 3.0% 68.65%

Total Return Ranking - Trailing

Period NOBOX Return Category Return Low Category Return High Rank in Category (%)
YTD 5.1% -31.9% 955.1% 25.13%
1 Yr 4.8% -28.2% 953.0% 25.89%
3 Yr 2.2%* -17.2% 120.9% 24.83%
5 Yr 1.3%* -8.3% 60.6% 36.10%
10 Yr 0.8%* -5.2% 16.2% 35.43%

* Annualized

Total Return Ranking - Calendar

Period NOBOX Return Category Return Low Category Return High Rank in Category (%)
2019 5.3% -5.8% 20.3% 33.22%
2018 -2.9% -29.6% 4.6% 66.58%
2017 0.8% -6.0% 15.8% 72.39%
2016 -0.3% -7.8% 15.0% 49.62%
2015 -2.0% -9.9% 3.0% 73.97%

NAV & Total Return History


Holdings

NOBOX - Holdings

Concentration Analysis

NOBOX Category Low Category High NOBOX % Rank
Net Assets 3.44 B 619 K 88.4 B 16.62%
Number of Holdings 3400 1 10083 1.65%
Net Assets in Top 10 371 M -202 M 26.9 B 21.85%
Weighting of Top 10 11.23% 2.6% 100.0% 83.07%

Top 10 Holdings

  1. United States Treasury Notes 0.12% 2.57%
  2. United States Treasury Notes 1.75% 1.56%
  3. United States Treasury Notes 0.38% 1.22%
  4. United States Treasury Notes 2.12% 0.99%
  5. United States Treasury Notes 1.88% 0.94%
  6. United States Treasury Notes 2.75% 0.82%
  7. United States Treasury Notes 2% 0.81%
  8. United States Treasury Notes 2.5% 0.78%
  9. United States Treasury Notes 1.88% 0.78%
  10. United States Treasury Notes 1.62% 0.77%

Asset Allocation

Weighting Return Low Return High NOBOX % Rank
Bonds
99.41% 78.92% 199.79% 22.08%
Convertible Bonds
0.59% 0.00% 9.45% 36.96%
Stocks
0.00% -4.99% 21.62% 75.99%
Preferred Stocks
0.00% -0.17% 22.02% 78.70%
Other
0.00% -9.40% 31.94% 70.25%
Cash
0.00% -128.23% 19.68% 85.90%

Bond Sector Breakdown

Weighting Return Low Return High NOBOX % Rank
Government
43.59% -2.21% 99.96% 8.49%
Securitized
29.36% 0.00% 97.53% 24.24%
Corporate
26.44% 0.00% 99.00% 38.84%
Municipal
0.61% 0.00% 100.06% 62.21%
Derivative
0.00% 0.00% 39.43% 78.01%
Cash & Equivalents
0.00% -26.49% 93.17% 98.03%

Bond Geographic Breakdown

Weighting Return Low Return High NOBOX % Rank
US
91.87% 49.78% 199.79% 48.99%
Non US
7.54% -12.10% 39.65% 37.65%

Expenses

NOBOX - Expenses

Operational Fees

NOBOX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.18% 0.01% 34.57% 97.88%
Management Fee 0.13% 0.00% 1.60% 4.47%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.00% 0.50% 83.27%

Sales Fees

NOBOX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.50% 5.75% N/A
Deferred Load N/A 0.25% 5.50% 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 53.74% 0.00% 496.90% 56.56%

Distributions

NOBOX - Distributions

Dividend Yield Analysis

NOBOX Category Low Category High NOBOX % Rank
Dividend Yield 0.00% 0.00% 3.87% 74.20%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

NOBOX Category Low Category High NOBOX % Rank
Net Income Ratio 2.63% -0.81% 6.02% 39.96%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

NOBOX - Fund Manager Analysis

Managers

Brandon Ferguson


Start Date

Tenure

Tenure Rank

Jul 31, 2013

7.09

7.1%

Mr. Ferguson, a Vice President , joined Northern Trust in November 2007 as an Investment Associate in the Fixed Income Group, was promoted to Associate Fixed Income Portfolio Manager in July 2009, and for the past two years has managed various fixed-income accounts for Northern Trust clients. From 2006 to 2007, Mr. Ferguson was a Commercial Credit Analyst at First Midwest Bank. Prior to this, he served as a Credit Manager and Mortgage Salesman for Wells Fargo Financial.

Kevin O'Shaughnessy


Start Date

Tenure

Tenure Rank

Jul 31, 2019

1.09

1.1%

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.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.04 33.3 7.05 0.17