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Name

As of 11/21/2024

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

INCOME EQUITY FUND

NOIEX | Fund

$17.69

$162 M

1.51%

$0.27

0.63%

Vitals

YTD Return

25.9%

1 yr return

38.2%

3 Yr Avg Return

12.2%

5 Yr Avg Return

15.1%

Net Assets

$162 M

Holdings in Top 10

36.5%

52 WEEK LOW AND HIGH

$17.6
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.63%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 30.55%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$2,500

IRA

$500

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 11/21/2024

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

INCOME EQUITY FUND

NOIEX | Fund

$17.69

$162 M

1.51%

$0.27

0.63%

NOIEX - Profile

Distributions

  • YTD Total Return 25.9%
  • 3 Yr Annualized Total Return 12.2%
  • 5 Yr Annualized Total Return 15.1%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.18%
DIVIDENDS
  • Dividend Yield 1.5%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    INCOME EQUITY FUND
  • Fund Family Name
    Northern Trust
  • Inception Date
    Apr 01, 2094
  • Shares Outstanding
    N/A
  • Share Class
    Other
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Jeffrey Sampson

Fund Description

In seeking to achieve its investment objective, the Fund will, under normal circumstances, invest at least 80% of its net assets in income-producing equity securities, including dividend-paying common and preferred stocks. The Fund seeks to provide a high level of current income relative to its benchmark index.
In determining capital appreciation potential, NTI uses a proprietary quantitative ranking system that is designed to provide exposure to equity securities that exhibit quality characteristics. Beginning with a broad universe of highly liquid equity securities, NTI applies a proprietary quality score, which ranks each security based on its issuer’s profitability, management efficiency, and cash generation, to screen out the lowest quality securities based on their proprietary ranking. NTI then selects securities from the remaining universe that it believes will achieve the appropriate quality and yield exposures. NTI also performs a risk management analysis in which NTI seeks to measure and manage risk exposures at the security, sector and portfolio levels through portfolio diversification. Final purchase decisions are made based on the desired level of diversification and dividend yield.
The Fund may use derivatives such as stock index futures contracts to equitize cash and enhance portfolio liquidity. NTI will normally sell a security that it believes is no longer attractive based upon the evaluation criteria described above.
From time to time the Fund may have a focused investment (i.e., investment exposure comprising more than 15% of its total assets) in one or more particular sectors. As of March 31, 2024, the Fund had a focused investment in the information technology sector.
Read More

NOIEX - Performance

Return Ranking - Trailing

Period NOIEX Return Category Return Low Category Return High Rank in Category (%)
YTD 25.9% -10.4% 43.4% 5.94%
1 Yr 38.2% -0.9% 58.6% 0.74%
3 Yr 12.2%* -3.2% 31.4% 4.99%
5 Yr 15.1%* 0.0% 45.6% 4.19%
10 Yr 12.0%* 1.5% 25.0% 2.08%

* Annualized

Return Ranking - Calendar

Period NOIEX Return Category Return Low Category Return High Rank in Category (%)
2023 11.4% -16.9% 46.1% 21.94%
2022 -17.7% -64.7% 4.6% 86.36%
2021 11.6% -44.2% 57.5% 69.59%
2020 2.7% -23.2% 285.0% 23.37%
2019 16.7% -21.4% 48.5% 68.73%

Total Return Ranking - Trailing

Period NOIEX Return Category Return Low Category Return High Rank in Category (%)
YTD 25.9% -10.4% 43.4% 5.94%
1 Yr 38.2% -0.9% 58.6% 0.74%
3 Yr 12.2%* -3.2% 31.4% 4.99%
5 Yr 15.1%* 0.0% 45.6% 4.19%
10 Yr 12.0%* 1.5% 25.0% 2.08%

* Annualized

Total Return Ranking - Calendar

Period NOIEX Return Category Return Low Category Return High Rank in Category (%)
2023 25.3% -15.9% 46.7% 2.12%
2022 -13.1% -42.0% 8.5% 94.02%
2021 28.0% 3.6% 129.7% 27.82%
2020 11.0% -22.6% 304.8% 8.78%
2019 27.0% -12.7% 52.1% 33.71%

NAV & Total Return History

NOIEX - Holdings

Concentration Analysis

NOIEX Category Low Category High NOIEX % Rank
Net Assets 162 M 126 K 163 B 81.89%
Number of Holdings 153 2 1727 18.93%
Net Assets in Top 10 76.2 M 433 K 37.8 B 72.24%
Weighting of Top 10 36.46% 4.4% 99.1% 19.71%

Top 10 Holdings

  1. Apple Inc. COM USD0.00001 7.81%
  2. NVIDIA Corp. COM USD0.001 6.27%
  3. Microsoft Corp. COM USD0.00000625 6.05%
  4. Meta Platforms Inc COM USD0.000006 CL 'A' 3.28%
  5. Alphabet Inc. CAP STK USD0.001 CL A 3.12%
  6. Amazon.com, Inc. COM USD0.01 2.53%
  7. Exxon Mobil Corp. COM NPV 2.35%
  8. Johnson Johnson COM USD1.00 1.71%
  9. AbbVie Inc. COM USD0.01 1.70%
  10. Home Depot Inc. COM USD0.05 1.67%

Asset Allocation

Weighting Return Low Return High NOIEX % Rank
Stocks 		98.86% 7.19% 103.40% 43.57%
Other 		1.05% -2.59% 36.68% 9.38%
Cash 		0.98% 0.00% 36.15% 57.54%
Bonds 		0.06% 0.00% 78.06% 9.47%
Preferred Stocks 		0.00% 0.00% 15.27% 31.62%
Convertible Bonds 		0.00% 0.00% 3.66% 28.16%

Stock Sector Breakdown

Weighting Return Low Return High NOIEX % Rank
Technology 		28.74% 0.00% 54.02% 0.28%
Healthcare 		13.06% 0.00% 30.08% 86.73%
Financial Services 		11.62% 0.00% 58.05% 93.69%
Communication Services 		9.00% 0.00% 26.58% 8.35%
Consumer Cyclical 		8.99% 0.00% 22.74% 15.77%
Consumer Defense 		8.32% 0.00% 34.10% 52.69%
Industrials 		5.90% 0.00% 42.76% 92.30%
Real Estate 		4.36% 0.00% 90.54% 28.01%
Basic Materials 		3.65% 0.00% 21.69% 45.27%
Energy 		3.42% 0.00% 54.00% 89.15%
Utilities 		2.94% 0.00% 27.04% 70.78%

Stock Geographic Breakdown

Weighting Return Low Return High NOIEX % Rank
US 		98.86% 7.19% 103.40% 34.01%
Non US 		0.00% 0.00% 24.08% 49.17%

Bond Sector Breakdown

Weighting Return Low Return High NOIEX % Rank
Derivative 		1.05% -2.59% 8.30% 1.93%
Cash & Equivalents 		0.98% 0.00% 100.00% 51.47%
Securitized 		0.00% 0.00% 40.38% 24.98%
Corporate 		0.00% 0.00% 100.00% 35.91%
Municipal 		0.00% 0.00% 0.02% 24.98%
Government 		0.00% 0.00% 100.00% 26.23%

Bond Geographic Breakdown

Weighting Return Low Return High NOIEX % Rank
US 		0.06% 0.00% 66.93% 9.47%
Non US 		0.00% 0.00% 11.12% 24.72%

NOIEX - Expenses

Operational Fees

NOIEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.63% 0.03% 14.82% 78.97%
Management Fee 0.46% 0.00% 1.50% 28.39%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.00% 0.50% 64.79%

Sales Fees

NOIEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 5.75% N/A
Deferred Load N/A 0.95% 5.00% N/A

Trading Fees

NOIEX 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.

NOIEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 30.55% 0.00% 488.00% 43.24%

NOIEX - Distributions

Dividend Yield Analysis

NOIEX Category Low Category High NOIEX % Rank
Dividend Yield 1.51% 0.00% 16.67% 4.97%

Dividend Distribution Analysis

NOIEX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annual Quarterly Annual

Net Income Ratio Analysis

NOIEX Category Low Category High NOIEX % Rank
Net Income Ratio 1.18% -1.51% 4.28% 59.45%

Capital Gain Distribution Analysis

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

Distributions History

View More +

NOIEX - Fund Manager Analysis

Managers

Jeffrey Sampson

Start Date

Tenure

Tenure Rank

Jul 31, 2017

4.84

4.8%

Jeff Sampson is a Senior Portfolio Manager on the quantitative active equity team responsible for the implementation of several quantitative equity strategies, specializing in dividend and ESG investing. He has a leadership role on the Quality Dividend suite of strategies and currently co-manages the Northern Income Equity Fund and the Northern U.S. Quality ESG Fund. Prior to his current role, Jeff was a senior portfolio manager on the tax advantaged equity team. Prior to joining asset management, Jeff managed a division of account managers within the Global Family Office group. He joined Northern Trust in 1999. Jeff received a BBA in Finance from the University of Wisconsin at Madison and an MBA degree in Accounting, Finance, and Organizational Behavior with honors from the University of Chicago Booth School of Business. He is a CFA charterholder and is a member of the CFA Society of Chicago and the CFA Institute.

Reed LeMar

Start Date

Tenure

Tenure Rank

Jul 31, 2017

4.84

4.8%

Reed LeMar, Vice President, is a portfolio manager on the quantitative active equity team responsible for the research and implementation of several large/small cap quantitative equity strategies. Prior to joining Northern Trust in 2007, Mr. LeMar was an options trader at the Chicago Board of Trade, focusing on Treasury Bond Options. Mr. LeMar received a B.S. in finance from the University of Illinois at Urbana-Champaign. He is an active CFA® Charterholder.

Sridhar Kancharla

Start Date

Tenure

Tenure Rank

Jul 31, 2018

3.84

3.8%

Sridhar Kancharla, CFA, is a Vice President at the Northern Trust Company, Chicago. He is a Senior Portfolio Manager and Researcher in the Quantitative Active Equity Team responsible for research and implementation of several large/small cap quantitative equity strategies. Prior to joining Northern Trust in 2007, Sridhar was a Senior Software Engineer at Grossman & Associates responsible for developing industry leading commodity management and accounting software deployed at multi-billion dollar grain companies throughout North America. Sridhar holds a B.S in Computer Science and Mathematics from the University of Illinois at Urbana-Champaign. He is a CFA charter holder, a member of the CFA Institute, and the CFA Society of Chicago. Mark received his B.A. degree in Quantitative Economic and Decision Sciences from University of California, San Diego and an M.B.A from the University of Chicago. Mark is a CFA Charterholder.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.05 86.59 8.09 6.71

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