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
US6651623430
665162343
Dec 2, 2013
$2,500
Expense Ratio
NMEDX features an expense ratio of 0.91%, falling within the medium range.
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
NMEDX
N/A
N/A
N/A
N/A
N/A
N/A
^GSPC (Benchmark)
4.22%
2.22%
9.51%
22.46%
12.74%
11.29%
Monthly Returns
The table below presents the monthly returns of NMEDX, 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -0.81% | 0.55% | 105.61% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 105.05% | ||
| 2023 | 4.86% | -3.14% | 0.96% | 0.56% | -0.84% | 2.55% | 1.96% | -1.51% | -2.50% | -0.58% | 5.09% | 3.98% | 11.54% |
| 2022 | -1.68% | -5.11% | -1.54% | -5.73% | 0.14% | -6.76% | 1.78% | 0.58% | -6.20% | -0.93% | 8.24% | 1.64% | -15.37% |
| 2021 | -1.88% | -2.34% | -2.27% | 2.92% | 1.96% | -0.34% | -0.98% | 1.32% | -3.60% | -1.60% | -2.67% | 1.01% | -8.36% |
| 2020 | 0.10% | -2.83% | -16.06% | 2.62% | 7.02% | 2.63% | 3.95% | 0.45% | -2.23% | 0.11% | 5.46% | 3.52% | 2.69% |
| 2019 | 5.08% | -0.33% | -0.33% | 0.22% | 0.11% | 4.41% | 0.42% | -2.63% | 0.47% | 1.29% | -1.49% | 3.80% | 11.27% |
| 2018 | 2.41% | -1.43% | 0.42% | -2.27% | -3.38% | -2.48% | 2.41% | -4.37% | 2.25% | -1.72% | 1.29% | 0.73% | -6.29% |
| 2017 | 1.68% | 1.76% | 0.65% | 1.40% | 1.06% | 0.08% | 1.79% | 2.17% | 0.06% | -1.13% | 0.52% | 1.66% | 12.28% |
| 2016 | -0.59% | 0.96% | 5.33% | 2.14% | -2.75% | 4.87% | 1.40% | 0.85% | 1.40% | -1.26% | -6.04% | 1.87% | 7.92% |
| 2015 | 0.54% | -0.32% | -1.51% | 1.64% | -1.61% | -1.48% | -1.79% | -2.38% | -2.56% | 3.47% | -0.46% | -2.44% | -8.72% |
| 2014 | -2.69% | 3.07% | 1.73% | 1.28% | 2.33% | 0.63% | -0.67% | 0.29% | -3.68% | 0.91% | -1.10% | -4.12% | -2.31% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of NMEDX is 68, 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 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 provided a 100.32% dividend yield over the last twelve months, with an annual payout of $7.40 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $7.40 | $0.39 | $0.09 | $0.42 | $0.18 | $0.11 | $0.29 | $0.49 | $0.13 | $0.06 | $0.40 |
Dividend yield | 100.32% | 5.24% | 1.23% | 4.96% | 1.86% | 1.10% | 3.34% | 5.17% | 1.43% | 0.65% | 4.35% |
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 | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $7.40 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $7.40 | |
| 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 | $0.39 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.09 | $0.09 |
| 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 | $0.42 |
| 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 | $0.18 |
| 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 | $0.11 |
| 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 | $0.29 |
| 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 | $0.49 |
| 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 | $0.13 |
| 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 | $0.06 |
| 2014 | $0.06 | $0.00 | $0.00 | $0.17 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.09 | $0.40 |
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 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 48.86%, occurring on Mar 27, 2024. The portfolio has not yet recovered.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -48.86% | Mar 27, 2024 | 1 | Mar 27, 2024 | — | — | — |
| -30.78% | 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 |
| -23.15% | Mar 20, 2024 | 3 | Mar 22, 2024 | 1 | Mar 25, 2024 | 4 |
| -19.6% | Jul 25, 2014 | 375 | Jan 20, 2016 | 410 | Sep 5, 2017 | 785 |
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.