Northern Active M Emerging Market Equity Fund (NMMEX)
The fund will invest, under normal circumstances, at least 80% of its net assets in equity securities of issuers domiciled in emerging and frontier markets. 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's sub-advisers may also consider emerging and frontier markets as classified by the World Bank, International Finance Corporation or the United Nations and other similar agencies.
Fund Info
ISIN | US6651624834 |
---|---|
CUSIP | 665162483 |
Issuer | Northern Funds |
Inception Date | Nov 18, 2008 |
Category | Emerging Markets Diversified |
Min. Investment | $2,500 |
Asset Class | Multi-Asset |
Asset Class Size | Large-Cap |
Asset Class Style | Blend |
Expense Ratio
NMMEX has a high expense ratio of 1.10%, 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 Emerging Market 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 Emerging Market Equity Fund had a return of 4.57% year-to-date (YTD) and 12.81% in the last 12 months. Over the past 10 years, Northern Active M Emerging Market Equity Fund had an annualized return of 2.39%, while the S&P 500 had an annualized return of 10.66%, indicating that Northern Active M Emerging Market Equity Fund did not perform as well as the benchmark.
Period | Return | Benchmark |
---|---|---|
Year-To-Date | 4.57% | 9.31% |
1 month | -0.34% | 0.08% |
6 months | 13.16% | 19.94% |
1 year | 12.81% | 26.02% |
5 years (annualized) | 3.30% | 12.62% |
10 years (annualized) | 2.39% | 10.66% |
Monthly Returns Heatmap
Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
2024 | -3.64% | 4.74% | 2.90% | -2.61% | ||||||||
2023 | -3.87% | 8.12% | 4.03% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of NMMEX 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.
NMMEX (Northern Active M Emerging Market Equity Fund)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Northern Active M Emerging Market Equity Fund (NMMEX) 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 Emerging Market Equity Fund granted a 1.74% dividend yield in the last twelve months. The annual payout for that period amounted to $0.25 per share.
Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Dividend | $0.25 | $0.25 | $0.11 | $4.93 | $1.52 | $1.64 | $0.18 | $0.00 | $0.30 | $0.65 | $0.19 | $0.21 |
Dividend yield | 1.74% | 1.82% | 0.89% | 29.82% | 6.99% | 8.34% | 0.99% | 0.00% | 1.90% | 4.46% | 1.08% | 1.11% |
Monthly Dividends
The table displays the monthly dividend distributions for Northern Active M Emerging Market 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 | $0.25 |
2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.11 |
2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $4.93 |
2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.52 |
2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.64 |
2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.18 |
2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
2016 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.30 |
2015 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.65 |
2014 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.19 |
2013 | $0.21 |
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 Emerging Market 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 Emerging Market Equity Fund was 39.80%, occurring on Mar 23, 2020. Recovery took 176 trading sessions.
The current Northern Active M Emerging Market Equity Fund drawdown is 19.28%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
---|---|---|---|---|---|---|
-39.8% | Jan 29, 2018 | 541 | Mar 23, 2020 | 176 | Dec 1, 2020 | 717 |
-36.85% | Feb 17, 2021 | 420 | Oct 14, 2022 | — | — | — |
-36.31% | Sep 4, 2014 | 347 | Jan 20, 2016 | 374 | Jul 14, 2017 | 721 |
-27.81% | May 2, 2011 | 108 | Oct 3, 2011 | 689 | Jul 2, 2014 | 797 |
-22.78% | Jan 7, 2009 | 37 | Mar 2, 2009 | 23 | Apr 2, 2009 | 60 |
Volatility
Volatility Chart
The current Northern Active M Emerging Market Equity Fund volatility is 5.32%, 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.