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NPAXX Northern Institutional Prime Oblg

  • Fund
  • NPAXX
  • Price as of: May 23, 2019
  • $1.00 - $0.00 - 0.00%
  • Category
  • Money Market

NPAXX - Profile

Vitals

  • YTD Return 0.0%
  • 3 Yr Annualized Return 0.0%
  • 5 Yr Annualized Return 0.0%
  • Net Assets $2.57 B
  • Holdings in Top 10 28.3%

52 WEEK LOW AND HIGH

$1.00
$1.00
$1.00

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.17%

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)

$5,000,000

IRA

N/A

Investment Themes

CATEGORY

Money Market
  • Fund Type Money Market Fund
  • Investment Style Prime Money Market

Distributions

  • YTD Total Return 0.0%
  • 3 Yr Annualized Total Return 0.0%
  • 5 Yr Annualized Total Return 0.0%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.90%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name Northern Institutional Prime Obligation Port
  • Fund Family Name Northern Funds
  • Inception Date Aug 21, 2003
  • Shares Outstanding N/A
  • Share Class No Load
  • Currency USD
  • Domiciled Country United States
  • Manager Management Team

Fund Description

The fund invests in a broad range of high-quality, U.S. dollar-denominated government, bank and commercial obligations that are available in the money markets, including: Obligations of U.S. banks; Obligations of foreign commercial banks; Commercial paper and other obligations issued or guaranteed by U.S. and foreign corporations and other issuers; corporate bonds, notes, paper and other instruments that are of high quality, etc.

NPAXX - Performance

Return Ranking - Trailing

Period NPAXX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.0% 0.0% 2.6% 32.26%
1 Yr 0.0% 0.0% 3.4% 32.41%
3 Yr 0.0%* -0.8% 0.0% 31.85%
5 Yr 0.0%* -37.0% 0.1% 31.79%
10 Yr 0.0%* -20.6% 0.6% 35.53%

* Annualized


Return Ranking - Calendar

Period NPAXX Return Category Return Low Category Return High Rank in Category (%)
2018 0.0% -1.4% 0.0% 32.14%
2017 0.0% 0.0% 2.1% 32.37%
2016 0.0% -90.1% 0.0% 31.89%
2015 0.0% 0.0% 0.4% 32.08%
2014 0.0% 0.0% 3.1% 32.11%

Total Return Ranking - Trailing

Period NPAXX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.0% 0.0% 2.6% 32.26%
1 Yr 0.0% 0.0% 3.4% 32.41%
3 Yr 0.0%* -0.8% 0.0% 31.85%
5 Yr 0.0%* -37.0% 0.1% 31.79%
10 Yr 0.0%* -20.6% 0.6% 35.53%

* Annualized


Total Return Ranking - Calendar

Period NPAXX Return Category Return Low Category Return High Rank in Category (%)
2018 0.0% -1.4% 0.0% 32.14%
2017 0.0% 0.0% 2.1% 32.37%
2016 0.0% -90.1% 0.0% 31.89%
2015 0.0% 0.0% 0.4% 32.08%
2014 0.0% 0.0% 3.1% 32.11%

NAV & Total Return History

NPAXX - Holdings

Concentration Analysis

NPAXX Category Low Category High NPAXX % Rank
Net Assets 2.57 B 5.09 M 164 B 50.47%
Number of Holdings 116 1 1055 35.84%
Net Assets in Top 10 821 M 2.07 M 98.1 B 55.03%
Weighting of Top 10 28.31% 8.9% 244.3% 80.40%

Top 10 Holdings

  1. Triparty Citigroup Global Markets 5.30%

  2. United States Treasury Bills 0% 4.31%

  3. Bank Of Montreal London Branch 3.31%

  4. Royal Bank Of Canada Toronto Bran 2.98%

  5. United States Treasury Bills 0% 2.75%

  6. Credit Industriel Et Commercial P 2.31%

  7. Mizuho Bank Ltd New York Branch 2.07%

  8. HSBC USA, Inc. 2.5% 1.90%

  9. United States Treasury Bills 0% 1.72%

  10. Triparty Hsbc Securities Usa In 1.66%


Asset Allocation

Weighting Return Low Return High NPAXX % Rank
Cash
81.94% 0.00% 102.14% 23.49%
Bonds
18.06% 0.00% 110.26% 76.24%
Stocks
0.00% 0.00% 3.27% 35.44%
Preferred Stocks
0.00% 0.00% 0.00% 32.08%
Other
0.00% -10.26% 100.00% 35.70%
Convertible Bonds
0.00% 0.00% 1.74% 34.63%

Bond Sector Breakdown

Weighting Return Low Return High NPAXX % Rank
Cash & Equivalents
76.22% 0.00% 102.14% 39.06%
Corporate
6.50% 0.00% 21.70% 8.99%
Municipal
0.60% 0.00% 99.57% 32.48%
Derivative
0.00% 0.00% 0.51% 32.62%
Securitized
0.00% 0.00% 30.46% 39.33%
Government
0.00% 0.00% 110.26% 72.21%

Bond Geographic Breakdown

Weighting Return Low Return High NPAXX % Rank
Non US
9.45% 0.00% 30.26% 14.77%
US
8.61% 0.00% 110.26% 81.48%

NPAXX - Expenses

Operational Fees

NPAXX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.17% 0.00% 2.80% 95.45%
Management Fee 0.13% 0.05% 0.57% 22.36%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.10% 0.01% 0.50% 43.61%

Sales Fees

NPAXX 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

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

Turnover 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.

NPAXX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 0.00% 235.00% N/A

NPAXX - Distributions

Dividend Yield Analysis

NPAXX Category Low Category High NPAXX % Rank
Dividend Yield 0.02% 0.00% 0.86% 42.70%

Dividend Distribution Analysis

NPAXX Category Low Category High Category Mode
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Dividend Payout History


Net Income Ratio Analysis

NPAXX Category Low Category High NPAXX % Rank
Net Income Ratio 1.90% 0.00% 2.42% 2.68%

Capital Gain Distribution Analysis

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

NPAXX - Managers

Management Team

Manager

Start Date

Tenure

Tenure Rank

Aug 21, 2003

15.7

15.7%

Team Managed


Tenure Analysis

Category Low

0.16

Category High

43.59

Category Average

14.05

Category Mode

13.19