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Trending ETFs

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

$10.41

$140 M

5.49%

$0.57

0.65%

Vitals

YTD Return

6.1%

1 yr return

13.1%

3 Yr Avg Return

4.2%

5 Yr Avg Return

6.1%

Net Assets

$140 M

Holdings in Top 10

14.9%

52 WEEK LOW AND HIGH

$10.4
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.65%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 41.96%

Redemption Fee 2.00%


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

$10.41

$140 M

5.49%

$0.57

0.65%

NOIGX - Profile

Distributions

  • YTD Total Return 6.1%
  • 3 Yr Annualized Total Return 4.2%
  • 5 Yr Annualized Total Return 6.1%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.91%
DIVIDENDS
  • Dividend Yield 5.5%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    INTERNATIONAL 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
    Mark Sodergren

Fund Description

In seeking long-term capital appreciation, the Fund will invest, under normal circumstances, at least 80% of its net assets in equity securities. Under normal circumstances, the Fund will invest significantly (at least 40%) in the securities of companies that are located, headquartered, incorporated or otherwise organized outside of the United States. These companies generally have market capitalizations in excess of $1 billion. The Fund may invest up to 25% of its total assets in emerging market countries (i.e., those that are generally in the early stages of their industrial cycles).
The Fund’s investment strategy attempts to create a portfolio with similar risk, style, capitalization and industry characteristics as the MSCI World® ex USA Index with the potential to provide excess returns by allowing the Fund to hold a portion, but not all of the securities in the MSCI World ex USA Index. In managing the Fund, NTI attempts to achieve the Fund’s objective by overweighting those stocks that it believes will outperform the MSCI World ex USA Index and underweighting (or excluding entirely) those stocks that it believes will underperform the MSCI World ex USA Index. The Fund seeks to accomplish this goal by employing a strategy that uses statistics and advanced econometric methods to evaluate fundamental and quantifiable stock or firm characteristics (such as relative valuation, price momentum and earnings quality). The characteristics are combined to create a proprietary multifactor quantitative stock selection model that generates stock specific forecasts that are used along with controls intended to manage risk to determine security weightings.
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, countries or geographic regions. As of March 31, 2024, the Fund had focused investments in the financials and industrials sectors and in Japan.
NTI may engage in active trading, and will not consider portfolio turnover a limiting factor in making decisions for the Fund.
MSCI Inc. does not endorse any of the securities in the MSCI World ex USA Index. It is not a sponsor of the International Equity Fund and is not affiliated with the Fund in any way.
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NOIGX - Performance

Return Ranking - Trailing

Period NOIGX Return Category Return Low Category Return High Rank in Category (%)
YTD 6.1% -6.1% 18.9% 54.75%
1 Yr 13.1% -1.7% 29.2% 53.77%
3 Yr 4.2%* -4.1% 77.5% 62.71%
5 Yr 6.1%* 0.2% 45.2% 47.33%
10 Yr 4.0%* -0.3% 22.7% 48.33%

* Annualized

Return Ranking - Calendar

Period NOIGX Return Category Return Low Category Return High Rank in Category (%)
2023 12.4% 1.0% 26.9% 55.48%
2022 -14.3% -27.8% 166.1% 65.05%
2021 11.5% -66.6% 64.4% 11.51%
2020 -4.0% -17.0% 17.3% 74.57%
2019 12.3% 4.4% 31.6% 76.68%

Total Return Ranking - Trailing

Period NOIGX Return Category Return Low Category Return High Rank in Category (%)
YTD 6.1% -6.1% 18.9% 54.75%
1 Yr 13.1% -1.7% 29.2% 53.77%
3 Yr 4.2%* -4.1% 77.5% 62.71%
5 Yr 6.1%* 0.2% 45.2% 47.33%
10 Yr 4.0%* -0.3% 22.7% 48.33%

* Annualized

Total Return Ranking - Calendar

Period NOIGX Return Category Return Low Category Return High Rank in Category (%)
2023 19.0% 5.4% 31.0% 37.10%
2022 -11.8% -19.9% 344.3% 72.17%
2021 15.1% -0.2% 75.3% 18.09%
2020 1.6% -11.8% 18.9% 57.73%
2019 16.6% 11.2% 32.1% 70.32%

NAV & Total Return History


NOIGX - Holdings

Concentration Analysis

NOIGX Category Low Category High NOIGX % Rank
Net Assets 140 M 3.42 M 46.7 B 82.64%
Number of Holdings 220 2 2513 22.19%
Net Assets in Top 10 20.8 M 628 K 13.8 B 92.28%
Weighting of Top 10 14.90% 6.2% 100.0% 90.65%

Top 10 Holdings

  1. Novartis AG CHF0.49 2.11%
  2. Shell PLC ORD EUR0.07 1.95%
  3. Novo Nordisk A/S SER'B'DKK0.1 1.48%
  4. ABB Ltd. CHF0.12 1.41%
  5. Roche Holdings AG GENUSSCHEINE NPV 1.40%
  6. Canadian Natural Resources Limited COM NPV 1.36%
  7. ITOCHU Corp. NPV 1.34%
  8. GSK plc ORD GBP0.3125 1.34%
  9. Manulife Financial Corporation COM NPV 1.27%
  10. ANZ Group Holdings Ltd. NPV 1.25%

Asset Allocation

Weighting Return Low Return High NOIGX % Rank
Stocks
95.11% 7.74% 104.54% 81.99%
Other
2.46% -0.05% 43.33% 8.04%
Preferred Stocks
2.35% 0.00% 4.41% 3.86%
Cash
0.40% 0.00% 13.78% 90.03%
Convertible Bonds
0.00% 0.00% 0.15% 46.95%
Bonds
0.00% 0.00% 81.81% 50.16%

Stock Sector Breakdown

Weighting Return Low Return High NOIGX % Rank
Financial Services
18.01% 0.00% 42.76% 68.51%
Industrials
14.94% 1.03% 36.79% 36.69%
Healthcare
11.77% 0.00% 23.28% 40.26%
Consumer Cyclical
10.12% 0.00% 27.46% 43.51%
Consumer Defense
9.77% 0.00% 31.84% 31.49%
Technology
8.45% 0.00% 24.16% 28.57%
Basic Materials
8.28% 0.00% 30.76% 57.14%
Energy
6.72% 0.00% 26.59% 50.32%
Communication Services
5.47% 0.29% 22.75% 69.48%
Utilities
3.42% 0.00% 27.46% 43.18%
Real Estate
3.05% 0.00% 17.06% 20.13%

Stock Geographic Breakdown

Weighting Return Low Return High NOIGX % Rank
Non US
93.46% 0.00% 99.55% 35.69%
US
1.65% 0.00% 100.40% 74.60%

NOIGX - Expenses

Operational Fees

NOIGX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.65% 0.01% 5.99% 83.60%
Management Fee 0.47% 0.00% 1.25% 15.16%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.03% 0.47% 62.71%

Sales Fees

NOIGX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.50% 5.75% N/A
Deferred Load N/A 1.00% 1.00% N/A

Trading Fees

NOIGX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee 2.00% 0.25% 2.00% 30.00%

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.

NOIGX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 41.96% 2.00% 158.16% 48.53%

NOIGX - Distributions

Dividend Yield Analysis

NOIGX Category Low Category High NOIGX % Rank
Dividend Yield 5.49% 0.00% 13.19% 16.13%

Dividend Distribution Analysis

NOIGX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annual Quarterly Annual

Net Income Ratio Analysis

NOIGX Category Low Category High NOIGX % Rank
Net Income Ratio 2.91% 0.18% 7.85% 29.18%

Capital Gain Distribution Analysis

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

Distributions History

View More +

NOIGX - Fund Manager Analysis

Managers

Mark Sodergren


Start Date

Tenure

Tenure Rank

Jan 01, 2017

5.41

5.4%

Mark Sodergren is a Senior Vice President at The Northern Trust Company, Chicago. He is a Senior Portfolio Manager and Researcher in the Quantitative Active Team responsible for research and implementation of several quantitative equity strategies. Prior to joining Northern, Mark was a Portfolio Manager at Barclays Global Investors focused on active US large cap strategies. Mark spent 6 years at Citigroup Asset Management as a portfolio manager and researcher focused on both active international and domestic portfolios. 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.

Michael Hunstad


Start Date

Tenure

Tenure Rank

Jul 31, 2019

2.84

2.8%

Michael Hunstad is the Head of Quantitative Strategies at Northern Trust. Prior to joining Northern Trust, Mike was head of research at Breakwater Capital, a proprietary trading firm and hedge fund. Other roles include head of quantitative asset allocation at Allstate Investments, LLC and quantitative analyst with a long-short equity hedge fund. Michael holds a PhD in applied mathematics from the Illinois Institute of Technology, an MBA from Purdue University and a BS from Northern State University. He is also finishing a second PhD in economics at the University of Illinois at Chicago.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.25 29.68 7.75 0.54