Northern Global Tactical Asset Allocation Fund (BBALX)
The fund will generally seek exposure to a number of different asset classes based on an asset allocation framework developed by the Investment Policy Committee of Northern Trust. The asset classes in which it seeks to obtain exposure include but are not limited to small-, mid- and large-capitalization common stocks; real estate securities; commodity-related securities; and fixed-income securities, including high yield securities and money market instruments.
Fund Info
US6651623927
665162392
Jun 30, 1993
$2,500
Large-Cap
Blend
Expense Ratio
BBALX has an expense ratio of 0.26%, which is considered low.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Northern Global Tactical Asset Allocation Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Northern Global Tactical Asset Allocation Fund (BBALX) returned 1.36% year-to-date (YTD) and 7.29% over the past 12 months. Over the past 10 years, BBALX returned 3.46% annually, underperforming the S&P 500 benchmark at 10.43%.
BBALX
1.36%
8.49%
-0.88%
7.29%
4.77%
3.46%
^GSPC (Benchmark)
-3.70%
13.67%
-5.18%
9.18%
14.14%
10.43%
Monthly Returns
The table below presents the monthly returns of BBALX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 2.02% | 0.88% | -1.96% | 0.00% | 0.46% | 1.36% | |||||||
| 2024 | -0.24% | 0.99% | 2.19% | -2.69% | 3.07% | 0.87% | 2.28% | 2.06% | 1.75% | -2.24% | 2.73% | -2.63% | 8.20% |
| 2023 | 4.93% | -3.09% | 1.79% | 0.92% | -2.30% | 2.91% | 2.16% | -1.60% | -2.76% | -2.15% | 5.68% | 4.30% | 10.74% |
| 2022 | -2.68% | -1.37% | 0.37% | -5.12% | 0.73% | -6.30% | 4.59% | -3.13% | -6.69% | 3.76% | 5.62% | -6.51% | -16.43% |
| 2021 | -0.22% | 1.21% | 2.08% | 2.55% | 1.46% | 0.49% | 0.63% | 1.08% | -2.55% | 2.83% | -1.88% | 0.97% | 8.84% |
| 2020 | -0.97% | -4.88% | -11.68% | 7.65% | 3.20% | 1.30% | 3.06% | 2.39% | -1.61% | -1.32% | 7.61% | -0.91% | 2.27% |
| 2019 | 6.17% | 1.42% | 1.12% | 1.50% | -3.55% | 4.28% | -0.31% | -0.92% | 1.66% | 1.56% | 1.32% | 2.40% | 17.61% |
| 2018 | 2.65% | -3.35% | -0.38% | 0.08% | -0.05% | -1.00% | 1.79% | -0.15% | -0.08% | -4.72% | 0.98% | -4.54% | -8.70% |
| 2017 | 1.68% | 1.58% | 0.65% | 0.89% | 0.77% | 0.48% | 1.98% | 0.42% | 1.25% | 0.92% | 0.99% | 0.87% | 13.19% |
| 2016 | -2.66% | 0.05% | 5.20% | 1.04% | -0.14% | 1.12% | 2.82% | 0.01% | 0.67% | -1.25% | 0.62% | 1.50% | 9.13% |
| 2015 | -0.17% | 2.70% | -0.81% | 1.31% | 0.02% | -2.03% | 0.33% | -3.43% | -1.89% | 4.39% | -0.53% | -3.14% | -3.49% |
| 2014 | -2.24% | 3.23% | 0.41% | 0.33% | 1.46% | 1.77% | -1.58% | 1.86% | -3.25% | 1.07% | 0.54% | -2.00% | 1.39% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of BBALX is 71, indicating average performance compared to other mutual funds on our website. Here’s a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Northern Global Tactical Asset Allocation Fund (BBALX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Northern Global Tactical Asset Allocation Fund provided a 3.20% dividend yield over the last twelve months, with an annual payout of $0.42 per share.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.42 | $0.44 | $0.46 | $0.33 | $0.35 | $0.34 | $0.29 | $0.39 | $0.32 | $0.36 | $0.33 | $0.19 |
Dividend yield | 3.20% | 3.45% | 3.73% | 2.84% | 2.46% | 2.57% | 2.14% | 3.35% | 2.40% | 3.02% | 2.91% | 1.58% |
Monthly Dividends
The table displays the monthly dividend distributions for Northern Global Tactical Asset Allocation Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.00 | $0.02 | $0.00 | $0.00 | $0.00 | $0.02 | |||||||
| 2024 | $0.00 | $0.02 | $0.02 | $0.00 | $0.09 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.07 | $0.13 | $0.44 |
| 2023 | $0.00 | $0.05 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.11 | $0.11 | $0.46 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.11 | $0.05 | $0.33 |
| 2021 | $0.00 | $0.04 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.08 | $0.14 | $0.35 |
| 2020 | $0.00 | $0.06 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.07 | $0.06 | $0.34 |
| 2019 | $0.00 | $0.02 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.08 | $0.03 | $0.29 |
| 2018 | $0.00 | $0.02 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.12 | $0.09 | $0.39 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.08 | $0.08 | $0.32 |
| 2016 | $0.00 | $0.02 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.08 | $0.09 | $0.36 |
| 2015 | $0.00 | $0.02 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.07 | $0.11 | $0.33 |
| 2014 | $0.02 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.04 | $0.09 | $0.19 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the Northern Global Tactical Asset Allocation Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Northern Global Tactical Asset Allocation Fund was 44.65%, occurring on Mar 9, 2009. Recovery took 1045 trading sessions.
The current Northern Global Tactical Asset Allocation Fund drawdown is 2.06%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -44.65% | Oct 15, 2007 | 351 | Mar 9, 2009 | 1045 | May 3, 2013 | 1396 |
| -30.7% | Dec 14, 1999 | 651 | Jul 23, 2002 | 1304 | Oct 1, 2007 | 1955 |
| -26.34% | Feb 13, 2020 | 27 | Mar 23, 2020 | 163 | Nov 11, 2020 | 190 |
| -20.26% | Nov 10, 2021 | 234 | Oct 14, 2022 | 487 | Sep 24, 2024 | 721 |
| -13.86% | Jan 29, 2018 | 229 | Dec 24, 2018 | 216 | Nov 1, 2019 | 445 |
Volatility
Volatility Chart
The current Northern Global Tactical Asset Allocation Fund volatility is 5.75%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.