- ISIN
- US6651623844
- CUSIP
- 665162384
- Issuer
- Northern Funds
- Inception Date
- Sep 17, 2012
- Category
- Energy Equities
- Min. Investment
- $2,500
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
NMFIX Performance Chart
Northern Multi-Manager Global Listed Infrastructure Fund (NMFIX) is up 8.5% since the beginning of the year. NMFIX is currently trading at $15 per share. Investors who bought $1,000 worth of NMFIX shares 5 years ago would now be looking at an investment worth $1,412.
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Returns By Period
Northern Multi-Manager Global Listed Infrastructure Fund (NMFIX) has returned 8.49% so far this year and 16.90% over the past 12 months. Over the last ten years, NMFIX has returned 7.37% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
Northern Multi-Manager Global Listed Infrastructure Fund
- 1D
- 0.00%
- 1M
- -2.06%
- YTD
- 8.49%
- 6M
- 9.05%
- 1Y
- 16.90%
- 3Y*
- 11.09%
- 5Y*
- 7.14%
- 10Y*
- 7.37%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
NMFIX Monthly Returns History
Based on dividend-adjusted daily data since Jan 3, 2013, NMFIX's average daily return is +0.03%, while the average monthly return is +0.69%. At this rate, an investment would double in approximately 8.4 years.
Historically, 57% of months were positive and 43% were negative. The best month was Nov 2022 with a return of +10.5%, while the worst month was Mar 2020 at -15.0%. The longest winning streak lasted 6 consecutive months, and the longest losing streak was 5 months.
On a daily basis, NMFIX closed higher 51% of trading days. The best single day was Mar 24, 2020 with a return of +7.8%, while the worst single day was Mar 12, 2020 at -10.9%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 4.63% | 8.29% | -4.84% | 4.10% | -2.62% | -0.74% | 8.49% | ||||||
| 2025 | 1.36% | 2.86% | 2.70% | 3.51% | 3.16% | 2.32% | -0.37% | 1.19% | 1.77% | 0.22% | 3.32% | -0.95% | 23.11% |
| 2024 | -3.51% | 0.43% | 2.70% | -2.78% | 5.55% | -3.41% | 7.22% | 2.89% | 2.38% | -4.29% | 1.76% | -6.23% | 1.74% |
| 2023 | 5.28% | -4.11% | 2.89% | 2.42% | -4.41% | 2.54% | 1.68% | -5.54% | -5.47% | -1.21% | 9.15% | 4.43% | 6.62% |
| 2022 | -3.32% | -0.24% | 4.59% | -3.92% | 1.76% | -6.42% | 5.10% | -3.15% | -12.50% | 5.00% | 10.53% | -2.73% | -7.21% |
| 2021 | -3.02% | -0.08% | 6.14% | 4.49% | 1.33% | -1.66% | 2.02% | 1.17% | -4.21% | 3.90% | -3.60% | 7.20% | 13.68% |
Benchmark Metrics
Northern Multi-Manager Global Listed Infrastructure Fund has an annualized alpha of -0.39%, beta of 0.65, and R2 of 0.56 versus S&P 500 Index. Calculated based on daily prices since January 03, 2013.
- This fund participated in 74.96% of S&P 500 Index downside but only 61.44% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.65 indicates this fund moves significantly less than S&P 500 Index - a genuinely defensive profile with reduced participation in both market rallies and downturns.
- Alpha
- -0.39%
- Beta
- 0.65
- R²
- 0.56
- Upside Capture
- 61.44%
- Downside Capture
- 74.96%
Expense Ratio
NMFIX has a high expense ratio of 0.96%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
NMFIX ranks 33 for risk / return — below 33% of mutual funds on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Northern Multi-Manager Global Listed Infrastructure Fund (NMFIX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| NMFIX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.71 | ||
| Sortino ratioReturn per unit of downside risk | -0.77 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.37 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.38 | 2.78 | -0.41 |
| Martin ratioReturn relative to average drawdown | 7.61 | 12.44 | -4.83 |
Dividends
Dividend History
Northern Multi-Manager Global Listed Infrastructure Fund provided a 5.60% dividend yield over the last twelve months, with an annual payout of $0.82 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.82 | $0.82 | $0.45 | $0.33 | $0.46 | $1.31 | $0.27 | $0.33 | $1.13 | $1.03 | $0.30 | $0.22 |
Dividend yield | 5.60% | 6.03% | 3.82% | 2.78% | 3.98% | 10.13% | 2.11% | 2.47% | 10.33% | 7.71% | 2.53% | 2.01% |
Monthly Dividends
The table displays the monthly dividend distributions for Northern Multi-Manager Global Listed Infrastructure 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.00 | $0.02 | ||||||
| 2025 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.16 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.56 | $0.82 |
| 2024 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.20 | $0.45 |
| 2023 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.11 | $0.33 |
| 2022 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.20 | $0.46 |
| 2021 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $1.08 | $1.31 |
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.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Northern Multi-Manager Global Listed Infrastructure 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 Global Listed Infrastructure Fund was 34.93%, occurring on Mar 23, 2020. Recovery took 270 trading sessions.
The current Northern Multi-Manager Global Listed Infrastructure Fund drawdown is 4.25%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -34.93%Mar 2020 | 1mo 2d | 1y 27d | 1y 1moFeb 2020 - Apr 2021 |
2016 bear market2016 | -23.06%Jan 2016 | 1y 4mo | 1y 2mo | 2y 6moSep 2014 - Mar 2017 |
Bear market2022 | -22.76%Oct 2022 | 5mo 24d | 1y 7mo | 2y 25dApr 2022 - May 2024 |
Rate-hike selloffLate 2018 | -14.91%Dec 2018 | 1y 3mo | 5mo 15d | 1y 8moSep 2017 - Jun 2019 |
2025 correction2025 | -11.21%Jan 2025 | 3mo 12d | 3mo 14d | 6mo 26dSep 2024 - Apr 2025 |
Drawdown Indicators
| NMFIX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.93% | -56.78% | +21.85% |
Max Drawdown (1Y)Largest decline over 1 year | -7.20% | -9.10% | +1.90% |
Max Drawdown (3Y)Largest decline over 3 years | -15.03% | -18.90% | +3.87% |
Max Drawdown (5Y)Largest decline over 5 years | -22.76% | -25.43% | +2.67% |
Max Drawdown (10Y)Largest decline over 10 years | -34.93% | -33.92% | -1.01% |
Current DrawdownCurrent decline from peak | -4.25% | -1.80% | -2.45% |
Average DrawdownAverage peak-to-trough decline | -5.30% | -10.71% | +5.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.24% | 2.03% | +0.21% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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