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
| ISIN | US6651623927 |
|---|---|
| CUSIP | 665162392 |
| Issuer | Northern Funds |
| Inception Date | Jun 30, 1993 |
| Category | Global Allocation |
| Min. Investment | $2,500 |
| Asset Class | Multi-Asset |
Asset Class Size | Large-Cap |
Asset Class Style | Blend |
Expense Ratio
BBALX has a high expense ratio of 0.26%, indicating higher-than-average management fees.
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 had a return of 2.22% year-to-date (YTD) and 9.18% in the last 12 months. Over the past 10 years, Northern Global Tactical Asset Allocation Fund had an annualized return of 4.47%, while the S&P 500 had an annualized return of 10.71%, indicating that Northern Global Tactical Asset Allocation Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 2.22% | 8.76% |
| 1 month | -0.08% | -0.28% |
| 6 months | 9.68% | 18.36% |
| 1 year | 9.18% | 25.94% |
| 5 years (annualized) | 4.79% | 12.51% |
| 10 years (annualized) | 4.47% | 10.71% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -0.24% | 0.99% | 2.19% | -2.69% | ||||||||
| 2023 | -2.15% | 5.68% | 4.30% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of BBALX is 44, suggesting that the investment has average results relative to other mutual funds in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
BBALX (Northern Global Tactical Asset Allocation Fund)
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 granted a 3.64% dividend yield in the last twelve months. The annual payout for that period amounted to $0.46 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.46 | $0.46 | $0.83 | $0.65 | $0.89 | $0.29 | $0.49 | $0.43 | $0.36 | $0.47 | $0.28 | $0.23 |
Dividend yield | 3.64% | 3.72% | 7.22% | 4.57% | 6.63% | 2.15% | 4.23% | 3.26% | 3.01% | 4.20% | 2.33% | 1.88% |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.02 | $0.02 | $0.00 | ||||||||
| 2023 | $0.00 | $0.04 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.11 | $0.11 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.10 | $0.56 |
| 2021 | $0.00 | $0.04 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.08 | $0.44 |
| 2020 | $0.00 | $0.06 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.07 | $0.60 |
| 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 |
| 2018 | $0.00 | $0.02 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.12 | $0.19 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.08 | $0.20 |
| 2016 | $0.00 | $0.01 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.08 | $0.09 |
| 2015 | $0.00 | $0.02 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.07 | $0.26 |
| 2014 | $0.00 | $0.00 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.04 | $0.18 |
| 2013 | $0.01 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.03 | $0.12 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
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 1.50%.
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 |
| -18.75% | Jan 5, 2022 | 196 | Oct 14, 2022 | — | — | — |
| -13.87% | Jan 29, 2018 | 229 | Dec 24, 2018 | 210 | Oct 24, 2019 | 439 |
Volatility
Volatility Chart
The current Northern Global Tactical Asset Allocation Fund volatility is 2.78%, 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.