Northern Multi-Manager Global Listed Infrastructure Fund (NMFIX)
The fund will invest, under normal circumstances, at least 80% of its net assets (plus borrowings for investment purposes) in securities of infrastructure companies listed on a domestic or foreign exchange. It invests primarily in equity securities, including common stock and preferred stock, of infrastructure companies. The fund normally will invest at least 40%, and may invest up to 100%, of its net assets in the securities of infrastructure companies economically tied to a foreign (non-U.S.) country, including emerging and frontier market countries.
Fund Info
ISIN | US6651623844 |
---|---|
CUSIP | 665162384 |
Issuer | Northern Funds |
Inception Date | Sep 17, 2012 |
Category | Energy Equities |
Min. Investment | $2,500 |
Asset Class | Equity |
Asset Class Size | Large-Cap |
Asset Class Style | Blend |
Expense Ratio
NMFIX has a high expense ratio of 0.96%, indicating higher-than-average management fees.
Share Price Chart
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Popular comparisons: NMFIX vs. DGRO
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Northern Multi-Manager Global Listed Infrastructure 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 Global Listed Infrastructure Fund had a return of 2.04% year-to-date (YTD) and 1.85% in the last 12 months. Over the past 10 years, Northern Multi-Manager Global Listed Infrastructure Fund had an annualized return of 4.18%, while the S&P 500 had an annualized return of 10.66%, indicating that Northern Multi-Manager Global Listed Infrastructure Fund did not perform as well as the benchmark.
Period | Return | Benchmark |
---|---|---|
Year-To-Date | 2.04% | 9.31% |
1 month | 3.05% | 0.08% |
6 months | 14.05% | 19.94% |
1 year | 1.85% | 26.02% |
5 years (annualized) | 4.39% | 12.62% |
10 years (annualized) | 4.18% | 10.66% |
Monthly Returns Heatmap
Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
2024 | -3.51% | 0.43% | 2.70% | -2.78% | ||||||||
2023 | -1.21% | 9.15% | 4.43% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of NMFIX is 8, indicating that it is in the bottom 8% of mutual funds on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
NMFIX (Northern Multi-Manager Global Listed Infrastructure Fund)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Northern Multi-Manager Global Listed Infrastructure Fund (NMFIX) 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 Global Listed Infrastructure Fund granted a 2.79% 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 | $0.33 | $0.46 | $1.31 | $0.27 | $0.33 | $1.13 | $1.03 | $0.30 | $0.22 | $0.70 | $0.38 |
Dividend yield | 2.79% | 2.78% | 3.98% | 10.13% | 2.11% | 2.47% | 10.33% | 7.71% | 2.53% | 2.01% | 5.73% | 3.13% |
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
2024 | $0.00 | $0.00 | $0.04 | $0.00 | ||||||||
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 |
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 |
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 |
2020 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.09 |
2019 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.08 |
2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.23 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.85 |
2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.19 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.81 |
2016 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.15 |
2015 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.07 |
2014 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.55 |
2013 | $0.00 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.22 |
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 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 1.14%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
---|---|---|---|---|---|---|
-34.93% | Feb 20, 2020 | 23 | Mar 23, 2020 | 270 | Apr 19, 2021 | 293 |
-23.05% | Sep 8, 2014 | 345 | Jan 20, 2016 | 294 | Mar 21, 2017 | 639 |
-22.76% | Apr 21, 2022 | 121 | Oct 12, 2022 | — | — | — |
-15.99% | Dec 20, 2017 | 254 | Dec 24, 2018 | 121 | Jun 19, 2019 | 375 |
-8.53% | May 22, 2013 | 23 | Jun 24, 2013 | 60 | Sep 18, 2013 | 83 |
Volatility
Volatility Chart
The current Northern Multi-Manager Global Listed Infrastructure Fund volatility is 3.98%, 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.