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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

U.S. GOVERNMENT FUND

NOUGX | Fund

$8.71

$23 M

3.18%

$0.28

0.63%

Vitals

YTD Return

1.2%

1 yr return

3.6%

3 Yr Avg Return

-1.0%

5 Yr Avg Return

-0.1%

Net Assets

$23 M

Holdings in Top 10

36.8%

52 WEEK LOW AND HIGH

$8.7
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.63%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 492.24%

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

U.S. GOVERNMENT FUND

NOUGX | Fund

$8.71

$23 M

3.18%

$0.28

0.63%

NOUGX - Profile

Distributions

  • YTD Total Return 1.2%
  • 3 Yr Annualized Total Return -1.0%
  • 5 Yr Annualized Total Return -0.1%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.36%
DIVIDENDS
  • Dividend Yield 3.2%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    U.S. GOVERNMENT FUND
  • Fund Family Name
    Northern Trust
  • Inception Date
    Apr 01, 2094
  • Shares Outstanding
    N/A
  • Share Class
    Other
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Michael Chico

Fund Description

In seeking a high level of current income, the Fund will invest, under normal circumstances, at least 80% of its net assets in securities issued or guaranteed by the U.S. government or by its agencies, instrumentalities or sponsored enterprises and repurchase agreements relating to such securities. These may include:
∎
U.S. Treasury bills, notes and bonds;
∎
Obligations of the U.S. government or its agencies, instrumentalities or sponsored enterprises, including obligations that are issued by private issuers that are guaranteed as to principal and interest by the U.S. government, its agencies or instrumentalities;
∎
Mortgage-related securities issued or guaranteed by the U.S. government or by its agencies, instrumentalities or sponsored enterprises, including U.S. agency mortgage-backed pass-through securities (“MBS”) that may not be backed by the full faith and credit of the U.S. government;
∎
Stripped securities evidencing ownership of future interest or principal payments on obligations of the U.S. government or its agencies, instrumentalities or sponsored enterprises;
∎
Obligations of supranational organizations (such as the World Bank); and
∎
Inflation-indexed securities.
The Fund may also seek to obtain all or a portion of the Fund’s exposure to MBS by investing in shares of one or more affiliated or unaffiliated investment companies, including exchange-traded funds (“ETFs”).
In buying and selling securities for the Fund, NTI uses a relative value approach. This approach involves an analysis of general economic and market conditions. It also involves the use of models that analyze and compare expected returns and
assumed risks. Under the relative value approach, NTI will emphasize particular securities and types of securities (such as treasury, agency, asset-backed and mortgage-related securities) that the team believes will provide a favorable return in light of these risks.
The Fund’s dollar-weighted average maturity, under normal circumstances, will range between one and ten years.
The Fund may also make significant investments in securities issued by U.S. government-sponsored enterprises. Obligations issued by U.S. government-sponsored enterprises are neither issued nor guaranteed by the U.S. Treasury and therefore are not backed by the full faith and credit of the United States.
NTI may engage in active trading, and will not consider portfolio turnover a limiting factor in making decisions for the Fund.
Read More

NOUGX - Performance

Return Ranking - Trailing

Period NOUGX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.2% -3.9% 24.8% 30.09%
1 Yr 3.6% -4.4% 32.0% 96.90%
3 Yr -1.0%* -7.9% 11.6% 4.89%
5 Yr -0.1%* -5.9% 3.0% 14.49%
10 Yr 0.8%* -2.3% 3.1% 30.36%

* Annualized

Return Ranking - Calendar

Period NOUGX Return Category Return Low Category Return High Rank in Category (%)
2023 1.0% -1.0% 22.1% 59.73%
2022 -9.3% -20.4% -5.8% 1.78%
2021 -2.7% -7.1% 16.6% 32.73%
2020 1.8% -1.3% 8.8% 71.50%
2019 3.5% 0.3% 7.1% 47.87%

Total Return Ranking - Trailing

Period NOUGX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.2% -3.9% 24.8% 30.09%
1 Yr 3.6% -4.4% 32.0% 96.90%
3 Yr -1.0%* -7.9% 11.6% 4.89%
5 Yr -0.1%* -5.9% 3.0% 14.49%
10 Yr 0.8%* -2.3% 3.1% 30.36%

* Annualized

Total Return Ranking - Calendar

Period NOUGX Return Category Return Low Category Return High Rank in Category (%)
2023 3.8% -0.5% 28.8% 72.57%
2022 -7.8% -18.5% -3.3% 2.22%
2021 -2.4% -4.5% 25.3% 79.09%
2020 5.3% -1.3% 13.0% 65.42%
2019 5.4% 1.8% 11.3% 70.62%

NAV & Total Return History

NOUGX - Holdings

Concentration Analysis

NOUGX Category Low Category High NOUGX % Rank
Net Assets 23 M 8.69 M 134 B 97.35%
Number of Holdings 100 14 12380 88.05%
Net Assets in Top 10 9.04 M 5.36 M 56.1 B 96.90%
Weighting of Top 10 36.80% 6.2% 99.5% 38.50%

Top 10 Holdings

  1. T 4.125 08/31/30 9.40%
  2. T 4 02/15/26 4.23%
  3. T 1.5 08/15/26 3.91%
  4. T 4.75 11/15/53 3.51%
  5. T 4 02/15/34 3.21%
  6. T 4.375 08/31/28 3.14%
  7. T 3.5 04/30/28 2.64%
  8. T 2.875 08/15/28 2.36%
  9. T 3.125 11/15/28 2.35%
  10. T 3.625 05/31/28 2.04%

Asset Allocation

Weighting Return Low Return High NOUGX % Rank
Bonds 		98.48% 0.06% 167.53% 73.45%
Cash 		0.79% -20.28% 27.25% 67.26%
Other 		0.73% -21.19% 22.58% 39.82%
Stocks 		0.00% 0.00% 95.28% 80.09%
Preferred Stocks 		0.00% 0.00% 0.12% 80.09%
Convertible Bonds 		0.00% 0.00% 3.29% 80.53%

Bond Sector Breakdown

Weighting Return Low Return High NOUGX % Rank
Government 		98.09% 0.00% 100.00% 8.41%
Securitized 		0.75% 0.00% 99.79% 90.71%
Cash & Equivalents 		0.66% 0.00% 27.25% 64.60%
Derivative 		0.48% -18.12% 3.25% 11.06%
Corporate 		0.00% 0.00% 9.48% 86.73%
Municipal 		0.00% 0.00% 5.24% 82.74%

Bond Geographic Breakdown

Weighting Return Low Return High NOUGX % Rank
US 		98.48% 0.06% 167.53% 73.45%
Non US 		0.00% 0.00% 2.20% 80.09%

NOUGX - Expenses

Operational Fees

NOUGX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.63% 0.03% 2.85% 57.33%
Management Fee 0.38% 0.00% 0.85% 59.73%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.45% 84.38%

Sales Fees

NOUGX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.00% 4.50% N/A
Deferred Load N/A 1.00% 4.50% N/A

Trading Fees

NOUGX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 1.00% 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.

NOUGX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 492.24% 3.35% 948.00% 98.59%

NOUGX - Distributions

Dividend Yield Analysis

NOUGX Category Low Category High NOUGX % Rank
Dividend Yield 3.18% 0.00% 4.94% 79.65%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

NOUGX Category Low Category High NOUGX % Rank
Net Income Ratio 0.36% -0.80% 2.96% 74.67%

Capital Gain Distribution Analysis

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

Distributions History

View More +

NOUGX - Fund Manager Analysis

Managers

Michael Chico

Start Date

Tenure

Tenure Rank

Jul 31, 2013

8.84

8.8%

Michael Chico is a Vice President at the Northern Trust Investments, Inc. He is a Fixed Income Portfolio Manager in the Fixed Income group and is responsible for quantitatively managing and trading fixed income accounts for Northern Trust clients. Mike originally joined Northern Trust in 2005 as Fixed Income Securities Trader with Northern Trust Securities, Inc., where he focused on structured products, non-USD fixed income securities, MBS/ABS, and Treasury securities. Prior to joining Northern Trust, he was vice president of MBS Trading at J.P. Morgan Securities, Inc, formerly Banc One Capital Markets, Inc.Mike received his B.A. degree in Economics from the University of Pennsylvania and his M.B.A. in Finance and Economics from The University of Chicago Graduate School of Business. He is a CFA charterholder in the CFA Society of Chicago. Michael R. Chico is Vice President of NTI. Mr. Chico joined NTI in 2007 and is responsible for managing various fixed-income funds.

Daniel Personette

Start Date

Tenure

Tenure Rank

Oct 23, 2018

3.61

3.6%

Daniel J. Personette, CFA is a Vice President, Director- Interest Rate Strategy and a Senior Fixed Income Portfolio Manager with the long duration fixed income group within Northern Trust Global Investments. Dan is responsible for the interest rate strategy for active long duration fixed income, and is also lead portfolio manager for $15 billion passive global interest rate and $11 billion in domestic inflation products and ETF's. Prior to joining Northern Trust as an Accounting Auditor in 1996, he served in the shareholder service department at Kemper Mutual Funds. He was named an Officer In September of 2000, and a Second Vice President in 2003.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.11 31.64 8.38 7.35

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