Northern Multi-Manager Emerging Markets Debt Opportunity Fund (NMEDX)
The fund will invest, under normal circumstances, at least 80% of its net assets (plus borrowings for investment purposes) in fixed income securities that provide exposure to debt issuers based in or economically tied to emerging or frontier markets. The fund may invest without limitation in securities denominated in foreign currencies and in U.S. dollar denominated securities of emerging and frontier markets issuers.
Fund Info
| ISIN | US6651623430 |
|---|---|
| CUSIP | 665162343 |
| Issuer | Northern Funds |
| Inception Date | Dec 2, 2013 |
| Category | Emerging Markets Bonds |
| Min. Investment | $2,500 |
| Asset Class | Bond |
Expense Ratio
NMEDX has a high expense ratio of 0.91%, 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 Multi-Manager Emerging Markets Debt Opportunity 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 Multi-Manager Emerging Markets Debt Opportunity Fund had a return of 0.17% year-to-date (YTD) and 7.89% in the last 12 months. Over the past 10 years, Northern Multi-Manager Emerging Markets Debt Opportunity Fund had an annualized return of -0.45%, while the S&P 500 had an annualized return of 10.66%, indicating that Northern Multi-Manager Emerging Markets Debt Opportunity Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 0.17% | 9.31% |
| 1 month | 0.00% | 0.08% |
| 6 months | 7.27% | 19.94% |
| 1 year | 7.89% | 26.02% |
| 5 years (annualized) | -1.07% | 12.62% |
| 10 years (annualized) | -0.45% | 10.66% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -0.81% | 0.54% | 0.44% | 0.00% | ||||||||
| 2023 | -0.58% | 5.09% | 3.98% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of NMEDX is 33, 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.
NMEDX (Northern Multi-Manager Emerging Markets Debt Opportunity Fund)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Northern Multi-Manager Emerging Markets Debt Opportunity Fund (NMEDX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Northern Multi-Manager Emerging Markets Debt Opportunity Fund granted a 4.63% dividend yield in the last twelve months. The annual payout for that period amounted to $0.34 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.34 | $0.39 | $0.09 | $0.42 | $0.18 | $0.10 | $0.29 | $0.49 | $0.13 | $0.06 | $0.54 | $0.02 |
Dividend yield | 4.63% | 5.23% | 1.23% | 4.98% | 1.86% | 1.10% | 3.33% | 5.17% | 1.43% | 0.66% | 5.86% | 0.20% |
Monthly Dividends
The table displays the monthly dividend distributions for Northern Multi-Manager Emerging Markets Debt Opportunity 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 | $0.00 | $0.02 | $0.00 | ||||||||
| 2023 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.13 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.08 |
| 2021 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.13 |
| 2020 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.04 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.08 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.19 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.06 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.29 |
| 2016 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.09 |
| 2015 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2014 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.17 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.23 |
| 2013 | $0.02 |
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 Multi-Manager Emerging Markets Debt Opportunity 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 Multi-Manager Emerging Markets Debt Opportunity Fund was 62.69%, occurring on Mar 27, 2024. The portfolio has not yet recovered.
The current Northern Multi-Manager Emerging Markets Debt Opportunity Fund drawdown is 62.69%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -62.69% | Mar 20, 2024 | 6 | Mar 27, 2024 | — | — | — |
| -30.79% | Jan 5, 2021 | 454 | Oct 21, 2022 | 352 | Mar 19, 2024 | 806 |
| -24.01% | Feb 6, 2020 | 32 | Mar 23, 2020 | 181 | Dec 8, 2020 | 213 |
| -19.6% | Jul 25, 2014 | 375 | Jan 20, 2016 | 410 | Sep 5, 2017 | 785 |
| -12.17% | Jan 29, 2018 | 152 | Sep 4, 2018 | 208 | Jul 3, 2019 | 360 |
Volatility
Volatility Chart
The current Northern Multi-Manager Emerging Markets Debt Opportunity Fund volatility is 0.00%, 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.