Northern U.S. Treasury Index Fund (BTIAX)
The fund will invest substantially all (and at least 80%) of its net assets in a representative sample of the U.S. Treasury obligations included in the Bloomberg Barclays U.S. Treasury Index. It will buy and sell securities with the goal of achieving an overall duration and total return similar to that of the index. The Bloomberg Barclays U.S. Treasury Index is an unmanaged index that includes a broad range of U.S. Treasury obligations and is regarded as representative of U.S. Treasury bond performance overall.
Fund Info
| ISIN | US6651623505 |
|---|---|
| CUSIP | 665162350 |
| Issuer | Northern Funds |
| Inception Date | Jan 10, 1993 |
| Category | Government Bonds |
| Min. Investment | $2,500 |
| Asset Class | Bond |
Expense Ratio
BTIAX features an expense ratio of 0.16%, falling within the medium range.
Share Price Chart
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Compare to other instruments
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Popular comparisons: BTIAX vs. VFIAX
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Northern U.S. Treasury Index 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 U.S. Treasury Index Fund had a return of -2.50% year-to-date (YTD) and -2.59% in the last 12 months. Over the past 10 years, Northern U.S. Treasury Index Fund had an annualized return of 0.68%, while the S&P 500 had an annualized return of 10.64%, indicating that Northern U.S. Treasury Index Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | -2.50% | 7.50% |
| 1 month | -0.74% | -1.61% |
| 6 months | 2.32% | 17.65% |
| 1 year | -2.59% | 26.26% |
| 5 years (annualized) | -0.44% | 11.73% |
| 10 years (annualized) | 0.68% | 10.64% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -0.26% | -1.31% | 0.63% | -2.61% | ||||||||
| 2023 | -1.17% | 3.43% | 3.34% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of BTIAX is 1, indicating that it is in the bottom 1% of the market in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
Northern U.S. Treasury Index Fund(BTIAX)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Northern U.S. Treasury Index Fund (BTIAX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Northern U.S. Treasury Index Fund granted a 2.36% dividend yield in the last twelve months. The annual payout for that period amounted to $0.45 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.45 | $0.46 | $0.36 | $0.50 | $0.36 | $0.46 | $0.41 | $0.40 | $0.42 | $0.51 | $0.36 | $0.49 |
Dividend yield | 2.36% | 2.36% | 1.89% | 2.25% | 1.55% | 2.07% | 1.96% | 1.88% | 1.96% | 2.38% | 1.63% | 2.29% |
Monthly Dividends
The table displays the monthly dividend distributions for Northern U.S. Treasury Index 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 | $0.05 | $0.05 | $0.04 | $0.00 | ||||||||
| 2023 | $0.04 | $0.03 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 |
| 2022 | $0.03 | $0.06 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 |
| 2021 | $0.03 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.03 | $0.03 | $0.02 | $0.21 |
| 2020 | $0.04 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 |
| 2019 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.03 |
| 2018 | $0.04 | $0.03 | $0.04 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 | $0.04 | $0.03 | $0.04 | $0.03 |
| 2017 | $0.04 | $0.03 | $0.05 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 |
| 2016 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.10 |
| 2015 | $0.03 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.22 |
| 2014 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.02 | $0.05 | $0.03 | $0.07 |
| 2013 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.25 |
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 U.S. Treasury Index 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 U.S. Treasury Index Fund was 19.26%, occurring on Oct 19, 2023. The portfolio has not yet recovered.
The current Northern U.S. Treasury Index Fund drawdown is 15.19%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -19.26% | Aug 5, 2020 | 808 | Oct 19, 2023 | — | — | — |
| -5.83% | Jul 11, 2016 | 113 | Dec 16, 2016 | 570 | Mar 27, 2019 | 683 |
| -5.02% | Mar 10, 2020 | 7 | Mar 18, 2020 | 93 | Jul 30, 2020 | 100 |
| -4.58% | May 3, 2013 | 87 | Sep 5, 2013 | 277 | Oct 10, 2014 | 364 |
| -3.39% | Feb 3, 2015 | 89 | Jun 10, 2015 | 161 | Jan 29, 2016 | 250 |
Volatility
Volatility Chart
The current Northern U.S. Treasury Index Fund volatility is 1.67%, 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.