Northern Active M International Equity Fund (NMIEX)
The fund will invest at least 80% of its net assets in equity securities of issuers domiciled outside the U.S. It utilizes a "multi-manager" approach whereby the fund's assets are allocated to one or more sub-advisers, in percentages determined at the discretion of the fund's investment advisers. The fund may invest in companies of any size located in a number of countries throughout the world but primarily in the world's developed capital markets. It may invest up to 40% of its net assets in issuers domiciled in emerging markets.
Fund Info
| ISIN | US6651625583 |
|---|---|
| CUSIP | 665162558 |
| Issuer | Northern Funds |
| Inception Date | Jun 22, 2006 |
| Category | Foreign Large Cap Equities |
| Min. Investment | $2,500 |
| Asset Class | Equity |
Expense Ratio
NMIEX has a high expense ratio of 0.84%, 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 Active M International Equity 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 Active M International Equity Fund had a return of 7.14% year-to-date (YTD) and 15.34% in the last 12 months. Over the past 10 years, Northern Active M International Equity Fund had an annualized return of 5.03%, while the S&P 500 had an annualized return of 10.66%, indicating that Northern Active M International Equity Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 7.14% | 9.31% |
| 1 month | 0.81% | 0.08% |
| 6 months | 18.52% | 19.94% |
| 1 year | 15.34% | 26.02% |
| 5 years (annualized) | 8.78% | 12.62% |
| 10 years (annualized) | 5.03% | 10.66% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -0.34% | 3.45% | 3.51% | -3.39% | ||||||||
| 2023 | -3.47% | 9.40% | 4.84% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of NMIEX is 49, 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.
NMIEX (Northern Active M International Equity Fund)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Northern Active M International Equity Fund (NMIEX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Northern Active M International Equity Fund granted a 6.49% dividend yield in the last twelve months. The annual payout for that period amounted to $0.81 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.81 | $0.81 | $0.16 | $1.32 | $0.10 | $0.64 | $0.63 | $0.16 | $0.16 | $0.07 | $0.23 | $0.12 |
Dividend yield | 6.49% | 6.95% | 1.53% | 10.42% | 0.80% | 5.83% | 6.65% | 1.34% | 1.73% | 0.75% | 2.24% | 1.13% |
Monthly Dividends
The table displays the monthly dividend distributions for Northern Active M International Equity 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 | $0.00 | $0.00 | ||||||||
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.81 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.16 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.32 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.10 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.64 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.63 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.16 |
| 2016 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.16 |
| 2015 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.07 |
| 2014 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.23 |
| 2013 | $0.12 |
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 Active M International Equity 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 Active M International Equity Fund was 55.92%, occurring on Mar 9, 2009. Recovery took 2140 trading sessions.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -55.92% | Nov 1, 2007 | 338 | Mar 9, 2009 | 2140 | Sep 7, 2017 | 2478 |
| -36.63% | Jan 3, 2020 | 55 | Mar 23, 2020 | 161 | Nov 9, 2020 | 216 |
| -31.54% | Nov 10, 2021 | 232 | Oct 12, 2022 | 341 | Feb 22, 2024 | 573 |
| -21.82% | Jan 29, 2018 | 229 | Dec 24, 2018 | 257 | Jan 2, 2020 | 486 |
| -11.51% | Jul 13, 2007 | 25 | Aug 16, 2007 | 31 | Oct 1, 2007 | 56 |
Volatility
Volatility Chart
The current Northern Active M International Equity Fund volatility is 3.85%, 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.