LARGE CAP CORE FUND
Fund
NOLCX
Price as of:
$29.90
+ $0.09
+ 0.30%
Primary Theme
fund company
Name
As of 11/01/2024Price
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
Vitals
YTD Return
23.0%
1 yr return
34.1%
3 Yr Avg Return
9.9%
5 Yr Avg Return
15.1%
Net Assets
$277 M
Holdings in Top 10
38.0%
52 WEEK LOW AND HIGH
$29.8
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 0.55%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 44.93%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$2,500
IRA
$500
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 11/01/2024Price
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
NOLCX - Profile
Distributions
- YTD Total Return 23.0%
- 3 Yr Annualized Total Return 9.9%
- 5 Yr Annualized Total Return 15.1%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 1.10%
- Dividend Yield 1.1%
- Dividend Distribution Frequency Quarterly
Fund Details
-
Legal NameLARGE CAP CORE FUND
-
Fund Family NameNorthern Trust
-
Inception DateDec 16, 2005
-
Shares OutstandingN/A
-
Share ClassOther
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerMark Sodergren
Fund Description
In seeking its investment objective, the Fund will invest, under normal circumstances, at least 80% of its net assets in a broadly diversified portfolio of equity securities in large capitalization U.S. companies, including foreign issuers that are traded in the U.S. Large capitalization companies generally are considered to be those whose market capitalization is, at the time the Fund makes an investment, within the range of the market capitalization of the companies in the Russell 1000® Index.
The Fund seeks to achieve its investment objective 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, which 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. As of March 31, 2024, the Fund had a focused investment in the information technology sector.
NTI may engage in active trading, and will not consider portfolio turnover a limiting factor in making decisions for the Fund.
Frank Russell Company does not endorse any of the securities in the Russell 1000 Index. It is not a sponsor of the Large Cap Core Fund and is not affiliated with the Fund in any way.
NOLCX - Performance
Return Ranking - Trailing
| Period | NOLCX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 23.0% | 3.2% | 34.6% | 9.09% |
| 1 Yr | 34.1% | 6.3% | 52.4% | 16.95% |
| 3 Yr | 9.9%* | -12.2% | 14.3% | 6.63% |
| 5 Yr | 15.1%* | -8.3% | 109.5% | 15.22% |
| 10 Yr | 11.8%* | -0.4% | 52.2% | 42.62% |
* Annualized
Return Ranking - Calendar
| Period | NOLCX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 13.8% | -42.6% | 47.4% | 72.21% |
| 2022 | -19.5% | -56.3% | -4.2% | 29.12% |
| 2021 | 15.4% | -27.2% | 537.8% | 59.42% |
| 2020 | 10.0% | -22.5% | 2181.7% | 60.81% |
| 2019 | 20.7% | -13.5% | 40.4% | 65.43% |
Total Return Ranking - Trailing
| Period | NOLCX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 23.0% | 3.2% | 34.6% | 9.09% |
| 1 Yr | 34.1% | 6.3% | 52.4% | 16.95% |
| 3 Yr | 9.9%* | -12.2% | 14.3% | 6.63% |
| 5 Yr | 15.1%* | -8.3% | 109.5% | 15.22% |
| 10 Yr | 11.8%* | -0.4% | 52.2% | 42.62% |
* Annualized
Total Return Ranking - Calendar
| Period | NOLCX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 24.2% | -5.0% | 47.4% | 49.55% |
| 2022 | -15.5% | -36.8% | -2.2% | 28.79% |
| 2021 | 33.0% | 3.0% | 537.8% | 3.83% |
| 2020 | 11.9% | -15.8% | 2266.0% | 81.66% |
| 2019 | 25.6% | -0.4% | 241.3% | 85.30% |
NAV & Total Return History
NOLCX - Holdings
Concentration Analysis
| NOLCX | Category Low | Category High | NOLCX % Rank | |
|---|---|---|---|---|
| Net Assets | 277 M | 2.34 M | 1.55 T | 77.09% |
| Number of Holdings | 168 | 2 | 3963 | 38.51% |
| Net Assets in Top 10 | 110 M | 1.07 M | 517 B | 76.85% |
| Weighting of Top 10 | 38.02% | 0.3% | 112.9% | 44.78% |
Top 10 Holdings
- Microsoft Corp. COM USD0.00000625 7.77%
- Apple Inc. COM USD0.00001 7.15%
- NVIDIA Corp. COM USD0.001 6.29%
- Alphabet Inc. CAP STK USD0.001 CL A 4.75%
- Amazon.com, Inc. COM USD0.01 3.51%
- Meta Platforms Inc COM USD0.000006 CL 'A' 2.60%
- Berkshire Hathaway Inc. COM USD0.0033 CLASS'B' 1.66%
- JPMorgan Chase Co. COM USD1.00 1.65%
- Johnson Johnson COM USD1.00 1.39%
- Northern Inst Fds GOVT PTFL 1.25%
Asset Allocation
| Weighting | Return Low | Return High | NOLCX % Rank | |
|---|---|---|---|---|
| Stocks | 98.65% | 0.00% | 105.85% | 59.79% |
| Cash | 1.25% | 0.00% | 99.07% | 41.43% |
| Other | 1.24% | -13.91% | 100.00% | 8.12% |
| Bonds | 0.06% | 0.00% | 94.06% | 8.69% |
| Preferred Stocks | 0.00% | 0.00% | 2.53% | 65.39% |
| Convertible Bonds | 0.00% | 0.00% | 5.54% | 63.24% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | NOLCX % Rank | |
|---|---|---|---|---|
| Technology | 27.20% | 0.00% | 48.94% | 13.40% |
| Healthcare | 13.28% | 0.00% | 52.29% | 77.34% |
| Financial Services | 11.35% | 0.00% | 55.59% | 86.68% |
| Consumer Cyclical | 10.68% | 0.00% | 30.33% | 51.53% |
| Communication Services | 9.80% | 0.00% | 27.94% | 21.09% |
| Industrials | 8.73% | 0.00% | 29.90% | 54.43% |
| Consumer Defense | 6.95% | 0.00% | 47.71% | 43.42% |
| Energy | 4.01% | 0.00% | 41.64% | 52.69% |
| Utilities | 2.76% | 0.00% | 20.91% | 46.65% |
| Basic Materials | 2.67% | 0.00% | 25.70% | 45.82% |
| Real Estate | 2.57% | 0.00% | 31.91% | 56.33% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | NOLCX % Rank | |
|---|---|---|---|---|
| US | 98.65% | 0.00% | 105.85% | 49.88% |
| Non US | 0.00% | 0.00% | 64.54% | 69.70% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | NOLCX % Rank | |
|---|---|---|---|---|
| Cash & Equivalents | 1.25% | 0.00% | 100.00% | 39.71% |
| Derivative | 1.24% | -1.75% | 25.41% | 3.82% |
| Securitized | 0.00% | 0.00% | 52.16% | 62.32% |
| Corporate | 0.00% | 0.00% | 100.00% | 67.43% |
| Municipal | 0.00% | 0.00% | 2.10% | 61.81% |
| Government | 0.00% | 0.00% | 100.00% | 63.34% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | NOLCX % Rank | |
|---|---|---|---|---|
| US | 0.06% | 0.00% | 94.06% | 8.61% |
| Non US | 0.00% | 0.00% | 14.23% | 61.74% |
NOLCX - Expenses
Operational Fees
| NOLCX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.55% | 0.01% | 19.75% | 71.30% |
| Management Fee | 0.44% | 0.00% | 1.90% | 40.73% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.00% | 0.85% | 72.96% |
Sales Fees
| NOLCX 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 | 1.00% | 5.00% | N/A |
Trading Fees
| NOLCX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 0.25% | 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.
| NOLCX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 44.93% | 0.00% | 268.00% | 72.40% |
NOLCX - Distributions
Dividend Yield Analysis
| NOLCX | Category Low | Category High | NOLCX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 1.06% | 0.00% | 25.47% | 7.49% |
Dividend Distribution Analysis
| NOLCX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Quarterly | Annual | Monthly | Quarterly |
Net Income Ratio Analysis
| NOLCX | Category Low | Category High | NOLCX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 1.10% | -54.00% | 2.44% | 26.89% |
Capital Gain Distribution Analysis
| NOLCX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Semi-Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Sep 24, 2024 | $0.081 | OrdinaryDividend |
| Mar 25, 2024 | $0.062 | OrdinaryDividend |
| Dec 21, 2023 | $0.088 | OrdinaryDividend |
| Dec 21, 2023 | $1.865 | CapitalGainLongTerm |
| Sep 21, 2023 | $0.081 | OrdinaryDividend |
| Jun 22, 2023 | $0.083 | OrdinaryDividend |
| Mar 23, 2023 | $0.078 | OrdinaryDividend |
| Dec 15, 2022 | $0.850 | OrdinaryDividend |
| Sep 22, 2022 | $0.076 | OrdinaryDividend |
| Jun 23, 2022 | $0.070 | OrdinaryDividend |
| Mar 24, 2022 | $0.084 | OrdinaryDividend |
| Dec 16, 2021 | $3.687 | OrdinaryDividend |
| Sep 23, 2021 | $0.075 | OrdinaryDividend |
| Jun 24, 2021 | $0.069 | OrdinaryDividend |
| Mar 24, 2021 | $0.130 | OrdinaryDividend |
| Dec 17, 2020 | $0.019 | OrdinaryDividend |
| Sep 24, 2020 | $0.081 | OrdinaryDividend |
| Jun 24, 2020 | $0.089 | OrdinaryDividend |
| Mar 24, 2020 | $0.122 | OrdinaryDividend |
| Dec 19, 2019 | $0.085 | OrdinaryDividend |
| Dec 19, 2019 | $0.459 | CapitalGainLongTerm |
| Sep 24, 2019 | $0.093 | OrdinaryDividend |
| Jun 24, 2019 | $0.087 | OrdinaryDividend |
| Mar 25, 2019 | $0.104 | OrdinaryDividend |
| Dec 20, 2018 | $0.071 | OrdinaryDividend |
| Dec 20, 2018 | $0.173 | CapitalGainLongTerm |
| Sep 24, 2018 | $0.084 | OrdinaryDividend |
| Jun 25, 2018 | $0.082 | OrdinaryDividend |
| Mar 26, 2018 | $0.096 | OrdinaryDividend |
| Dec 21, 2017 | $0.066 | OrdinaryDividend |
| Dec 21, 2017 | $0.132 | CapitalGainShortTerm |
| Dec 21, 2017 | $0.082 | CapitalGainLongTerm |
| Sep 25, 2017 | $0.076 | OrdinaryDividend |
| Jun 26, 2017 | $0.072 | OrdinaryDividend |
| Mar 23, 2017 | $0.074 | OrdinaryDividend |
| Dec 15, 2016 | $0.088 | OrdinaryDividend |
| Sep 26, 2016 | $0.074 | OrdinaryDividend |
| Jun 23, 2016 | $0.067 | OrdinaryDividend |
| Mar 23, 2016 | $0.060 | OrdinaryDividend |
| Dec 17, 2015 | $0.090 | OrdinaryDividend |
| Sep 24, 2015 | $0.068 | OrdinaryDividend |
| Jun 24, 2015 | $0.062 | OrdinaryDividend |
| Mar 24, 2015 | $0.059 | OrdinaryDividend |
| Dec 18, 2014 | $0.024 | OrdinaryDividend |
| Sep 24, 2014 | $0.052 | OrdinaryDividend |
| Jun 24, 2014 | $0.064 | OrdinaryDividend |
| Mar 24, 2014 | $0.048 | OrdinaryDividend |
| Dec 19, 2013 | $0.058 | OrdinaryDividend |
| Sep 24, 2013 | $0.049 | OrdinaryDividend |
| Jun 24, 2013 | $0.047 | OrdinaryDividend |
| Mar 25, 2013 | $0.041 | OrdinaryDividend |
| Dec 19, 2012 | $0.077 | OrdinaryDividend |
| Sep 24, 2012 | $0.050 | OrdinaryDividend |
| Jun 25, 2012 | $0.048 | OrdinaryDividend |
| Mar 26, 2012 | $0.035 | OrdinaryDividend |
| Dec 19, 2011 | $0.040 | OrdinaryDividend |
| Sep 26, 2011 | $0.036 | OrdinaryDividend |
| Jun 23, 2011 | $0.037 | OrdinaryDividend |
| Mar 24, 2011 | $0.027 | OrdinaryDividend |
| Dec 21, 2010 | $0.037 | OrdinaryDividend |
| Sep 24, 2010 | $0.029 | OrdinaryDividend |
| Jun 24, 2010 | $0.032 | OrdinaryDividend |
| Mar 24, 2010 | $0.026 | OrdinaryDividend |
| Dec 21, 2009 | $0.031 | OrdinaryDividend |
| Sep 24, 2009 | $0.031 | OrdinaryDividend |
| Jun 24, 2009 | $0.032 | OrdinaryDividend |
| Mar 24, 2009 | $0.031 | OrdinaryDividend |
| Dec 19, 2008 | $0.047 | OrdinaryDividend |
| Sep 24, 2008 | $0.042 | OrdinaryDividend |
| Jun 24, 2008 | $0.042 | OrdinaryDividend |
| Mar 24, 2008 | $0.041 | OrdinaryDividend |
| Dec 19, 2007 | $0.053 | OrdinaryDividend |
| Dec 19, 2007 | $0.264 | CapitalGainShortTerm |
| Dec 19, 2007 | $0.346 | CapitalGainLongTerm |
| Sep 24, 2007 | $0.039 | OrdinaryDividend |
| Jun 25, 2007 | $0.040 | OrdinaryDividend |
| Mar 26, 2007 | $0.031 | OrdinaryDividend |
| Dec 19, 2006 | $0.044 | OrdinaryDividend |
| Dec 19, 2006 | $0.093 | CapitalGainShortTerm |
| Dec 19, 2006 | $0.010 | CapitalGainLongTerm |
| Sep 25, 2006 | $0.030 | OrdinaryDividend |
| Jun 26, 2006 | $0.031 | OrdinaryDividend |
| Mar 24, 2006 | $0.031 | OrdinaryDividend |
| Dec 20, 2005 | $0.007 | OrdinaryDividend |
NOLCX - Fund Manager Analysis
Managers
Mark Sodergren
Start Date
Tenure
Tenure Rank
Jul 31, 2011
10.84
10.8%
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 |
|---|---|---|---|
| 0.04 | 39.02 | 7.24 | 2.42 |