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NOBOX Northern Bond Index

  • Fund
  • NOBOX
  • Price as of: Sep 17, 2019
  • $10.78 + $0.01 + 0.09%

NOBOX - Profile

Vitals

  • YTD Return 5.4%
  • 3 Yr Annualized Return -0.2%
  • 5 Yr Annualized Return 0.4%
  • Net Assets $3.21 B
  • Holdings in Top 10 16.1%

52 WEEK LOW AND HIGH

$10.78
$10.00
$10.98

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.17%

SALES FEES

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

BROKERAGE FEES

  • Turnover 70.72%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$2,500

IRA

$500

Fund Classification

PRIMARY CATEGORY

  • Fund Type Open End Mutual Fund
  • Investment Style Intermediate Core Bond

Distributions

  • YTD Total Return 5.4%
  • 3 Yr Annualized Total Return -0.1%
  • 5 Yr Annualized Total Return 0.4%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.78%
DIVIDENDS
  • Dividend Yield 1.6%
  • 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 P. Ferguson

NOBOX - Performance

Return Ranking - Trailing

Period NOBOX Return Category Return Low Category Return High Rank in Category (%)
YTD 5.4% -0.2% 18.3% 31.75%
1 Yr 6.4% -4.4% 15.6% 13.34%
3 Yr -0.2%* -3.0% 9.3% 53.22%
5 Yr 0.4%* -14.8% 3.5% 24.25%
10 Yr 0.4%* -8.7% 6.5% 42.42%

* Annualized


Return Ranking - Calendar

Period NOBOX Return Category Return Low Category Return High Rank in Category (%)
2018 -2.9% -13.7% 6.9% 64.07%
2017 0.8% -6.5% 21.2% 61.20%
2016 -0.4% -58.1% 8.6% 48.50%
2015 -2.2% -24.0% 2.6% 70.21%
2014 3.1% -60.4% 83.0% 42.82%

Total Return Ranking - Trailing

Period NOBOX Return Category Return Low Category Return High Rank in Category (%)
YTD 5.4% -0.2% 18.3% 32.05%
1 Yr 6.4% -4.4% 15.6% 16.46%
3 Yr -0.1%* -3.0% 9.3% 58.95%
5 Yr 0.4%* -14.8% 5.5% 35.59%
10 Yr 0.7%* -8.7% 7.0% 44.56%

* Annualized


Total Return Ranking - Calendar

Period NOBOX Return Category Return Low Category Return High Rank in Category (%)
2018 -2.9% -13.7% 6.9% 71.63%
2017 0.8% -6.5% 27.0% 69.07%
2016 -0.3% -58.1% 10.7% 53.13%
2015 -2.0% -14.6% 4.2% 75.45%
2014 3.1% -60.4% 83.0% 49.84%

NAV & Total Return History

NOBOX - Holdings

Concentration Analysis

NOBOX Category Low Category High NOBOX % Rank
Net Assets 3.21 B 701 K 241 B 20.26%
Number of Holdings 3519 1 17412 1.83%
Net Assets in Top 10 513 M -179 M 23.7 B 19.16%
Weighting of Top 10 16.11% 2.5% 212.7% 66.12%

Top 10 Holdings

  1. United States Treasury Notes 1.75% 3.15%

  2. United States Treasury Notes 2.62% 2.37%

  3. United States Treasury Notes 2.62% 1.99%

  4. United States Treasury Notes 2.5% 1.74%

  5. United States Treasury Notes 2.5% 1.59%

  6. United States Treasury Notes 2.38% 1.36%

  7. United States Treasury Notes 2.12% 1.14%

  8. United States Treasury Notes 2.75% 1.00%

  9. United States Treasury Notes 2.75% 0.95%

  10. United States Treasury Notes 2.75% 0.82%


Asset Allocation

Weighting Return Low Return High NOBOX % Rank
Bonds
99.80% 80.17% 129.72% 19.60%
Convertible Bonds
0.20% 0.00% 6.30% 38.53%
Stocks
0.00% -14.50% 14.08% 57.40%
Preferred Stocks
0.00% -1.25% 4.10% 60.62%
Other
0.00% -16.03% 27.53% 54.65%
Cash
0.00% -37.85% 22.95% 84.80%

Bond Sector Breakdown

Weighting Return Low Return High NOBOX % Rank
Government
43.60% -74.40% 115.78% 13.59%
Securitized
30.04% 0.00% 141.25% 29.05%
Corporate
25.76% -1.23% 99.47% 37.62%
Municipal
0.61% 0.00% 106.42% 60.04%
Derivative
0.00% -24.73% 33.80% 53.70%
Cash & Equivalents
0.00% -37.85% 22.95% 82.78%

Bond Geographic Breakdown

Weighting Return Low Return High NOBOX % Rank
US
93.32% 66.38% 150.14% 48.79%
Non US
6.48% -43.03% 26.38% 38.75%

NOBOX - Expenses

Operational Fees

NOBOX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.17% 0.00% 209.96% 96.91%
Management Fee 0.13% 0.00% 1.25% 4.73%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.15% 0.00% 0.63% 80.48%

Sales Fees

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

Trading Fees

NOBOX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.25% 2.00% N/A

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.

NOBOX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 70.72% 0.00% 1856.00% 63.95%

NOBOX - Distributions

Dividend Yield Analysis

NOBOX Category Low Category High NOBOX % Rank
Dividend Yield 1.64% 0.00% 95.96% 31.14%

Dividend Distribution Analysis

NOBOX Category Low Category High Category Mode
Dividend Distribution Frequency Monthly Annually Monthly Monthly

Dividend Payout History


Net Income Ratio Analysis

NOBOX Category Low Category High NOBOX % Rank
Net Income Ratio 2.78% -0.18% 4.99% 36.00%

Capital Gain Distribution Analysis

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

NOBOX - Managers

Brandon P. Ferguson

Manager

Start Date

Tenure

Tenure Rank

Jul 31, 2013

6.09

6.1%

Mr. Ferguson, Second 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 J. O'Shaughnessy

Manager

Start Date

Tenure

Tenure Rank

Jul 31, 2019

0.08

0.1%

Kevin J. O’Shaughnessy, CFA is a Vice President at The Northern Trust Company, Chicago. He 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.O’Shaughnessy 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. He had previously managed fixed income portfolios with American National Bank’s investment management subsidiary.O’Shaughnessy received a B.S. degree in business administration from the University of Illinois in Urbana- Champaign, an M.B.A degree in finance from DePaul University and is a CFA charterholder.He is an Associated Person for the National Futures Association and a member of both the CFA Institute and the CFA Society of Chicago.


Tenure Analysis

Category Low

0.0

Category High

39.94

Category Average

7.49

Category Mode

7.29