NORTHEAST INVESTORS TRUST
Fund
NTHEX
Price as of:
$3.65
- $0.01
- 0.27%
Primary Theme
fund company
Name
As of 04/17/2024Price
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
0.6%
1 yr return
8.2%
3 Yr Avg Return
3.0%
5 Yr Avg Return
1.9%
Net Assets
$134 M
Holdings in Top 10
41.3%
52 WEEK LOW AND HIGH
$3.7
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 2.26%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover N/A
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000
IRA
$500
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 04/17/2024Price
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
NTHEX - Profile
Distributions
- YTD Total Return 0.6%
- 3 Yr Annualized Total Return 3.0%
- 5 Yr Annualized Total Return 1.9%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 4.37%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Quarterly
Fund Details
-
Legal NameNORTHEAST INVESTORS TRUST
-
Fund Family NameNortheast Investors
-
Inception DateJan 03, 1994
-
Shares OutstandingN/A
-
Share ClassT
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerBruce Monrad
Fund Description
The Trust invests primarily in marketable securities of established companies which the Trust’s portfolio managers believe provide income and which, where consistent with the objective, may have potential for capital appreciation. These investments may include bonds which may be purchased at a discount or premium, preferred securities, common stocks, convertible securities and securities with warrants attached. The Trust’s portfolio emphasizes high yield corporate bonds (sometimes referred to as ‘junk bonds’) which are unrated or rated as lower than investment grade by either of the two principal rating services. Equity investments, which are generally acquired via corporate debt restructurings, are considered for their potential for appreciation.
NTHEX - Performance
Return Ranking - Trailing
| Period | NTHEX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 0.6% | -6.8% | 4.6% | 27.90% |
| 1 Yr | 8.2% | -9.2% | 14.6% | 32.39% |
| 3 Yr | 3.0%* | -16.4% | 19.8% | 7.06% |
| 5 Yr | 1.9%* | -11.9% | 36.5% | 84.90% |
| 10 Yr | -0.1%* | -4.8% | 19.3% | 96.71% |
* Annualized
Return Ranking - Calendar
| Period | NTHEX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 6.1% | -4.7% | 14.3% | 21.84% |
| 2022 | -7.6% | -33.4% | 3.6% | 3.46% |
| 2021 | -0.5% | -8.4% | 14.9% | 70.33% |
| 2020 | -9.0% | -13.9% | 302.7% | 99.16% |
| 2019 | -4.4% | -4.4% | 13.3% | 100.00% |
Total Return Ranking - Trailing
| Period | NTHEX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 0.6% | -6.8% | 4.6% | 27.90% |
| 1 Yr | 8.2% | -9.2% | 14.6% | 32.39% |
| 3 Yr | 3.0%* | -16.4% | 19.8% | 7.06% |
| 5 Yr | 1.9%* | -11.9% | 36.5% | 84.90% |
| 10 Yr | -0.1%* | -4.8% | 19.3% | 96.71% |
* Annualized
Total Return Ranking - Calendar
| Period | NTHEX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 11.8% | -4.7% | 18.2% | 61.15% |
| 2022 | -2.5% | -33.4% | 47.8% | 2.68% |
| 2021 | 5.2% | -8.4% | 24.8% | 45.57% |
| 2020 | -3.6% | -9.6% | 325.6% | 97.64% |
| 2019 | 0.9% | 0.9% | 21.5% | 100.00% |
NAV & Total Return History
NTHEX - Holdings
Concentration Analysis
| NTHEX | Category Low | Category High | NTHEX % Rank | |
|---|---|---|---|---|
| Net Assets | 134 M | 1.45 M | 23.6 B | 78.43% |
| Number of Holdings | 46 | 2 | 2736 | 97.99% |
| Net Assets in Top 10 | 56.2 M | -492 M | 4.45 B | 60.53% |
| Weighting of Top 10 | 41.25% | 4.2% | 146.9% | 6.19% |
Top 10 Holdings
- 8.5% MTY 12/31/2027 5.01%
- 5% MTY 10/01/2024 4.36%
- COMMON STOCK 4.26%
- 9.75% MTY 8/1/2027 4.20%
- 9.75% CONV PFD 4.08%
- 9.375% MTY 11/30/2029 4.01%
- 7.875% MTY 8/15/2025 3.98%
- COMMON STOCK 3.87%
- 7.25% MTY 7/15/2030 3.80%
- 10.5% MTY 11/1/2026 3.68%
Asset Allocation
| Weighting | Return Low | Return High | NTHEX % Rank | |
|---|---|---|---|---|
| Bonds | 81.15% | -3.13% | 154.38% | 93.22% |
| Stocks | 12.21% | 0.00% | 99.54% | 4.16% |
| Preferred Stocks | 4.08% | 0.00% | 7.88% | 2.17% |
| Convertible Bonds | 3.24% | 0.00% | 17.89% | 10.53% |
| Cash | 2.56% | -52.00% | 48.07% | 66.25% |
| Other | 0.00% | -63.70% | 102.57% | 71.98% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | NTHEX % Rank | |
|---|---|---|---|---|
| Utilities | 0.00% | 0.00% | 100.00% | 70.70% |
| Technology | 0.00% | 0.00% | 33.17% | 74.19% |
| Real Estate | 0.00% | 0.00% | 86.71% | 68.37% |
| Industrials | 0.00% | 0.00% | 93.12% | 4.19% |
| Healthcare | 0.00% | 0.00% | 22.17% | 69.77% |
| Financial Services | 0.00% | 0.00% | 100.00% | 74.65% |
| Energy | 0.00% | 0.00% | 100.00% | 57.44% |
| Communication Services | 0.00% | 0.00% | 99.99% | 83.49% |
| Consumer Defense | 0.00% | 0.00% | 100.00% | 69.53% |
| Consumer Cyclical | 0.00% | 0.00% | 100.00% | 4.19% |
| Basic Materials | 0.00% | 0.00% | 100.00% | 27.67% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | NTHEX % Rank | |
|---|---|---|---|---|
| US | 12.11% | 0.00% | 99.54% | 4.18% |
| Non US | 0.10% | -0.01% | 0.83% | 6.50% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | NTHEX % Rank | |
|---|---|---|---|---|
| Corporate | 88.01% | 0.00% | 129.69% | 84.81% |
| Cash & Equivalents | 1.52% | 0.00% | 48.07% | 66.72% |
| Government | 0.14% | 0.00% | 99.07% | 25.89% |
| Derivative | 0.00% | -15.04% | 42.26% | 69.66% |
| Securitized | 0.00% | 0.00% | 97.24% | 86.51% |
| Municipal | 0.00% | 0.00% | 4.66% | 74.42% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | NTHEX % Rank | |
|---|---|---|---|---|
| US | 81.15% | -3.13% | 129.21% | 81.73% |
| Non US | 0.00% | 0.00% | 98.19% | 80.80% |
NTHEX - Expenses
Operational Fees
| NTHEX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 2.26% | 0.04% | 31.61% | 5.26% |
| Management Fee | 0.50% | 0.00% | 1.84% | 36.42% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.00% | 0.50% | N/A |
Sales Fees
| NTHEX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 2.25% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| NTHEX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 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.
| NTHEX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | N/A | 1.00% | 255.00% | 19.97% |
NTHEX - Distributions
Dividend Yield Analysis
| NTHEX | Category Low | Category High | NTHEX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 48.30% | 93.54% |
Dividend Distribution Analysis
| NTHEX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Quarterly | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
| NTHEX | Category Low | Category High | NTHEX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 4.37% | -2.39% | 14.30% | 52.28% |
Capital Gain Distribution Analysis
| NTHEX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Nov 22, 2023 | $0.040 | OrdinaryDividend |
| Aug 23, 2023 | $0.040 | OrdinaryDividend |
| May 24, 2023 | $0.050 | OrdinaryDividend |
| Feb 15, 2023 | $0.050 | OrdinaryDividend |
| Nov 23, 2022 | $0.050 | OrdinaryDividend |
| Aug 17, 2022 | $0.040 | OrdinaryDividend |
| May 24, 2022 | $0.050 | OrdinaryDividend |
| Feb 16, 2022 | $0.050 | OrdinaryDividend |
| Nov 24, 2021 | $0.060 | OrdinaryDividend |
| Aug 18, 2021 | $0.050 | OrdinaryDividend |
| May 19, 2021 | $0.050 | OrdinaryDividend |
| Feb 10, 2021 | $0.050 | OrdinaryDividend |
| Nov 25, 2020 | $0.070 | OrdinaryDividend |
| Aug 19, 2020 | $0.050 | OrdinaryDividend |
| May 20, 2020 | $0.050 | OrdinaryDividend |
| Feb 12, 2020 | $0.050 | OrdinaryDividend |
| Nov 27, 2019 | $0.080 | OrdinaryDividend |
| Aug 21, 2019 | $0.050 | OrdinaryDividend |
| May 22, 2019 | $0.050 | OrdinaryDividend |
| Feb 13, 2019 | $0.050 | OrdinaryDividend |
| Nov 28, 2018 | $0.050 | OrdinaryDividend |
| Aug 22, 2018 | $0.050 | OrdinaryDividend |
| May 23, 2018 | $0.060 | OrdinaryDividend |
| Feb 14, 2018 | $0.060 | OrdinaryDividend |
| Nov 22, 2017 | $0.090 | OrdinaryDividend |
| Aug 16, 2017 | $0.070 | OrdinaryDividend |
| May 24, 2017 | $0.070 | OrdinaryDividend |
| Feb 15, 2017 | $0.070 | OrdinaryDividend |
| Nov 23, 2016 | $0.085 | OrdinaryDividend |
| Aug 17, 2016 | $0.070 | OrdinaryDividend |
| May 25, 2016 | $0.070 | OrdinaryDividend |
| Feb 10, 2016 | $0.080 | OrdinaryDividend |
| Nov 25, 2015 | $0.095 | OrdinaryDividend |
| Aug 19, 2015 | $0.090 | OrdinaryDividend |
| May 20, 2015 | $0.090 | OrdinaryDividend |
| Feb 11, 2015 | $0.110 | OrdinaryDividend |
| Nov 26, 2014 | $0.140 | OrdinaryDividend |
| Aug 20, 2014 | $0.135 | OrdinaryDividend |
| May 21, 2014 | $0.110 | OrdinaryDividend |
| Feb 12, 2014 | $0.110 | OrdinaryDividend |
| Nov 27, 2013 | $0.115 | OrdinaryDividend |
| Aug 14, 2013 | $0.075 | OrdinaryDividend |
| May 22, 2013 | $0.090 | OrdinaryDividend |
| Feb 13, 2013 | $0.090 | OrdinaryDividend |
| Nov 21, 2012 | $0.110 | OrdinaryDividend |
| Aug 15, 2012 | $0.110 | OrdinaryDividend |
| May 16, 2012 | $0.090 | OrdinaryDividend |
| Feb 15, 2012 | $0.100 | OrdinaryDividend |
| Nov 23, 2011 | $0.110 | OrdinaryDividend |
| Aug 17, 2011 | $0.130 | OrdinaryDividend |
| May 18, 2011 | $0.090 | OrdinaryDividend |
| Feb 16, 2011 | $0.090 | OrdinaryDividend |
| Nov 24, 2010 | $0.130 | OrdinaryDividend |
| Aug 18, 2010 | $0.140 | OrdinaryDividend |
| May 19, 2010 | $0.100 | OrdinaryDividend |
| Feb 24, 2010 | $0.100 | OrdinaryDividend |
| Nov 25, 2009 | $0.100 | OrdinaryDividend |
| Aug 19, 2009 | $0.090 | OrdinaryDividend |
| May 20, 2009 | $0.090 | OrdinaryDividend |
| Feb 18, 2009 | $0.100 | OrdinaryDividend |
| Nov 26, 2008 | $0.160 | OrdinaryDividend |
| Aug 20, 2008 | $0.130 | OrdinaryDividend |
| May 21, 2008 | $0.130 | OrdinaryDividend |
| Feb 20, 2008 | $0.130 | OrdinaryDividend |
| Nov 21, 2007 | $0.170 | OrdinaryDividend |
| Aug 16, 2007 | $0.150 | OrdinaryDividend |
| May 17, 2007 | $0.130 | OrdinaryDividend |
| Feb 15, 2007 | $0.130 | OrdinaryDividend |
| Nov 21, 2006 | $0.150 | OrdinaryDividend |
| Aug 17, 2006 | $0.120 | OrdinaryDividend |
| May 18, 2006 | $0.130 | OrdinaryDividend |
| Feb 16, 2006 | $0.130 | OrdinaryDividend |
| Nov 22, 2005 | $0.205 | OrdinaryDividend |
| Aug 18, 2005 | $0.140 | OrdinaryDividend |
| May 26, 2005 | $0.140 | OrdinaryDividend |
| Feb 17, 2005 | $0.130 | OrdinaryDividend |
| Nov 23, 2004 | $0.130 | OrdinaryDividend |
| Aug 27, 2004 | $0.140 | OrdinaryDividend |
| May 20, 2004 | $0.150 | OrdinaryDividend |
| Feb 19, 2004 | $0.140 | OrdinaryDividend |
| Dec 31, 2003 | $0.020 | OrdinaryDividend |
| Nov 20, 2003 | $0.180 | OrdinaryDividend |
| Aug 21, 2003 | $0.130 | OrdinaryDividend |
| May 15, 2003 | $0.120 | OrdinaryDividend |
| Feb 20, 2003 | $0.150 | OrdinaryDividend |
| Nov 21, 2002 | $0.160 | OrdinaryDividend |
| Aug 15, 2002 | $0.130 | OrdinaryDividend |
| May 15, 2002 | $0.150 | OrdinaryDividend |
| Feb 21, 2002 | $0.180 | OrdinaryDividend |
| Nov 15, 2001 | $0.210 | OrdinaryDividend |
| Aug 16, 2001 | $0.210 | OrdinaryDividend |
| May 17, 2001 | $0.220 | OrdinaryDividend |
| Feb 15, 2001 | $0.230 | OrdinaryDividend |
| Nov 16, 2000 | $0.310 | OrdinaryDividend |
| Aug 17, 2000 | $0.250 | OrdinaryDividend |
| May 25, 2000 | $0.250 | OrdinaryDividend |
| Feb 17, 2000 | $0.250 | OrdinaryDividend |
| Nov 18, 1999 | $0.365 | OrdinaryDividend |
| Aug 19, 1999 | $0.240 | OrdinaryDividend |
| May 20, 1999 | $0.240 | OrdinaryDividend |
| Feb 18, 1999 | $0.220 | OrdinaryDividend |
| Nov 19, 1998 | $0.280 | OrdinaryDividend |
| Aug 20, 1998 | $0.240 | OrdinaryDividend |
| May 21, 1998 | $0.240 | OrdinaryDividend |
| Feb 19, 1998 | $0.240 | OrdinaryDividend |
| Nov 20, 1997 | $0.240 | OrdinaryDividend |
| Aug 21, 1997 | $0.240 | OrdinaryDividend |
| May 22, 1997 | $0.240 | OrdinaryDividend |
| Feb 20, 1997 | $0.240 | OrdinaryDividend |
| Nov 21, 1996 | $0.280 | OrdinaryDividend |
| Aug 22, 1996 | $0.240 | OrdinaryDividend |
| May 23, 1996 | $0.240 | OrdinaryDividend |
| Feb 22, 1996 | $0.240 | OrdinaryDividend |
| Nov 21, 1995 | $0.270 | OrdinaryDividend |
| Aug 17, 1995 | $0.240 | OrdinaryDividend |
| May 18, 1995 | $0.240 | OrdinaryDividend |
| Feb 16, 1995 | $0.240 | OrdinaryDividend |
| Nov 23, 1994 | $0.240 | OrdinaryDividend |
| Aug 18, 1994 | $0.240 | OrdinaryDividend |
| May 19, 1994 | $0.250 | OrdinaryDividend |
| Feb 17, 1994 | $0.250 | OrdinaryDividend |
| Nov 23, 1993 | $0.250 | OrdinaryDividend |
| Aug 19, 1993 | $0.250 | OrdinaryDividend |
| May 19, 1993 | $0.250 | OrdinaryDividend |
| Feb 17, 1993 | $0.250 | OrdinaryDividend |
| Nov 24, 1992 | $0.270 | OrdinaryDividend |
| Aug 20, 1992 | $0.280 | OrdinaryDividend |
| May 27, 1992 | $0.280 | OrdinaryDividend |
| Feb 20, 1992 | $0.280 | OrdinaryDividend |
| Nov 26, 1991 | $0.310 | OrdinaryDividend |
| Aug 22, 1991 | $0.310 | OrdinaryDividend |
| May 23, 1991 | $0.330 | OrdinaryDividend |
| Feb 21, 1991 | $0.350 | OrdinaryDividend |
| Nov 20, 1990 | $0.350 | OrdinaryDividend |
| Aug 23, 1990 | $0.350 | OrdinaryDividend |
| May 24, 1990 | $0.350 | OrdinaryDividend |
| Feb 22, 1990 | $0.350 | OrdinaryDividend |
| Nov 21, 1989 | $0.380 | OrdinaryDividend |
| Aug 24, 1989 | $0.370 | OrdinaryDividend |
NTHEX - Fund Manager Analysis
Managers
Bruce Monrad
Start Date
Tenure
Tenure Rank
Jul 31, 1989
32.85
32.9%
Mr. Monrad joined Northeast Investors Trust as an analyst in July 1989, as a trustee and portfolio manager, specializing in high-yield, leverage securities in May, 1993 and Chairman in May, 2000. Previously, he was a financial analyst with Prudential-Bache Securities from 1984 to 1987. Mr. Monrad holds the Chartered Financial Analyst designation.
Mark Chapin
Start Date
Tenure
Tenure Rank
Feb 01, 2022
0.33
0.3%
Mr. Chapin has been a principal of Revolution since 2007 and his primary focus is on research and development, as well as operations.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.13 | 37.79 | 7.12 | 8.17 |