NOUGX: Northern US Government

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NOUGX Northern US Government


Profile

NOUGX - Profile

Vitals

  • YTD Return 1.2%
  • 3 Yr Annualized Return 0.7%
  • 5 Yr Annualized Return 0.3%
  • Net Assets $37.4 M
  • Holdings in Top 10 84.0%

52 WEEK LOW AND HIGH

$9.85
$9.38
$9.87

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.93%

SALES FEES

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

BROKERAGE FEES

  • Turnover N/A

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $2,500
  • IRA $500

Fund Classification


Distributions

  • YTD Total Return 1.2%
  • 3 Yr Annualized Total Return 0.7%
  • 5 Yr Annualized Total Return 0.3%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.33%
DIVIDENDS
  • Dividend Yield 0.4%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Northern U.S. Government Fund
  • Fund Family Name
    Northern Funds
  • Inception Date
    Mar 31, 1994
  • Shares Outstanding
    N/A
  • Share Class
    No Load
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Michael Chico

Fund Description

The fund will invest 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. Its dollar-weighted average maturity, under normal circumstances, will range between one and ten years. The fund also may make limited investments in the obligations of supranational organizations (such as the World Bank).


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Categories

Performance

NOUGX - Performance

Return Ranking - Trailing

Period NOUGX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.2% 0.0% 3.1% 60.40%
1 Yr 4.6% 0.1% 7.7% 48.76%
3 Yr 0.7%* -1.0% 3.4% 56.47%
5 Yr 0.3%* -1.7% 2.5% 10.39%
10 Yr -0.2%* -2.1% 3.5% 70.15%

* Annualized

Return Ranking - Calendar

Period NOUGX Return Category Return Low Category Return High Rank in Category (%)
2019 3.5% -0.4% 4.9% 56.00%
2018 -1.8% -3.4% -0.7% 43.09%
2017 -0.6% -2.3% 0.9% 61.31%
2016 -0.4% -3.3% 1.4% 7.59%
2015 0.2% -4.5% 0.2% 0.66%

Total Return Ranking - Trailing

Period NOUGX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.2% 0.0% 3.1% 60.40%
1 Yr 4.6% 0.2% 7.7% 48.26%
3 Yr 0.7%* -1.0% 3.4% 67.65%
5 Yr 0.3%* -1.7% 2.6% 39.61%
10 Yr 0.9%* -2.1% 3.5% 40.30%

* Annualized

Total Return Ranking - Calendar

Period NOUGX Return Category Return Low Category Return High Rank in Category (%)
2019 3.5% -0.2% 4.9% 59.00%
2018 -1.8% -3.4% 3.0% 56.91%
2017 -0.6% -2.0% 2.8% 71.43%
2016 -0.4% -3.3% 1.5% 31.01%
2015 0.2% -4.5% 2.0% 17.22%

NAV & Total Return History


Holdings

NOUGX - Holdings

Concentration Analysis

NOUGX Category Low Category High NOUGX % Rank
Net Assets 37.4 M 1.43 M 24.7 B 96.53%
Number of Holdings 33 2 15659 95.05%
Net Assets in Top 10 29.8 M 0 6.43 B 88.61%
Weighting of Top 10 83.99% 0.0% 100.0% 3.21%

Top 10 Holdings

  1. United States Treasury Notes 1.38% 29.18%
  2. United States Treasury Notes 1.75% 18.73%
  3. United States Treasury Notes 1.62% 12.29%
  4. United States Treasury Notes 1.5% 8.40%
  5. FlexShares Disciplined Duration MBS ETF 4.05%
  6. Federal National Mortgage Association 2.5% 2.86%
  7. United States Treasury Notes 1.62% 2.58%
  8. United States Treasury Notes 1.75% 2.43%
  9. Federal Home Loan Mortgage Corporation 2.5% 1.79%
  10. Fnma Pass-Thru I 3.5% 1.68%

Asset Allocation

Weighting Return Low Return High NOUGX % Rank
Bonds
99.12% 0.00% 141.12% 32.18%
Cash
0.88% -43.12% 100.00% 65.35%
Stocks
0.00% 0.00% 13.41% 86.14%
Preferred Stocks
0.00% 0.00% 0.01% 86.14%
Other
0.00% -37.46% 19.19% 82.18%
Convertible Bonds
0.00% 0.00% 0.25% 87.13%

Bond Sector Breakdown

Weighting Return Low Return High NOUGX % Rank
Government
73.61% 0.00% 100.00% 10.40%
Securitized
25.50% 0.00% 118.57% 78.22%
Cash & Equivalents
0.88% -28.81% 100.00% 78.71%
Derivative
0.00% -0.01% 10.53% 86.63%
Corporate
0.00% 0.00% 4.75% 87.13%
Municipal
0.00% 0.00% 14.98% 91.09%

Bond Geographic Breakdown

Weighting Return Low Return High NOUGX % Rank
US
99.12% 0.00% 139.33% 31.19%
Non US
0.00% 0.00% 4.73% 88.61%

Expenses

NOUGX - Expenses

Operational Fees

NOUGX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.93% 0.03% 3.79% 38.81%
Management Fee 0.38% 0.00% 0.85% 47.03%
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 1.00% 4.75% N/A
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

NOUGX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A N/A N/A 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 N/A 0.00% 1482.00% 97.03%

Distributions

NOUGX - Distributions

Dividend Yield Analysis

NOUGX Category Low Category High NOUGX % Rank
Dividend Yield 0.39% 0.00% 2.42% 45.54%

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 2.33% 0.34% 3.03% 35.15%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

NOUGX - Fund Manager Analysis

Managers

Michael Chico


Start Date

Tenure

Tenure Rank

Jul 31, 2013

6.51

6.5%

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

1.27

1.3%

Daniel J. Personette is a Vice President at The Northern Trust Company, Chicago. 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. 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. Personette received a B.A degree in Finance from Ball State University, an M.B.A. degree from the University of Chicago, is a CFA charterholder and a member of the CFA Society of Chicago.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.27 29.3 8.09 5.02