- ISIN
- US6651624834
- CUSIP
- 665162483
- Issuer
- Northern Funds
- Inception Date
- Nov 18, 2008
- Category
- Emerging Markets Diversified
- Min. Investment
- $2,500
- Distribution Policy
- Distributing
- Asset Class
- Multi-Asset
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
NMMEX Performance Chart
Northern Active M Emerging Market Equity Fund (NMMEX) is up 31.9% since the beginning of the year. NMMEX is currently trading at $26 per share. Investors who bought $1,000 worth of NMMEX shares 5 years ago would now be looking at an investment worth $1,520.
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Returns By Period
Northern Active M Emerging Market Equity Fund (NMMEX) has returned 31.93% so far this year and 62.32% over the past 12 months. Over the last ten years, NMMEX has returned 10.74% per year, falling short of the S&P 500 Index benchmark, which averaged 13.75% annually.
Northern Active M Emerging Market Equity Fund
- 1D
- 1.18%
- 1M
- 11.16%
- YTD
- 31.93%
- 6M
- 35.61%
- 1Y
- 62.32%
- 3Y*
- 26.59%
- 5Y*
- 8.73%
- 10Y*
- 10.74%
Benchmark (S&P 500 Index)
- 1D
- 0.13%
- 1M
- 5.25%
- YTD
- 11.16%
- 6M
- 11.43%
- 1Y
- 28.20%
- 3Y*
- 21.12%
- 5Y*
- 12.66%
- 10Y*
- 13.75%
NMMEX Monthly Returns History
Based on dividend-adjusted daily data since Dec 15, 2008, NMMEX's average daily return is +0.05%, while the average monthly return is +0.94%. At this rate, an investment would double in approximately 6.2 years.
Historically, 55% of months were positive and 45% were negative. The best month was May 2009 with a return of +17.2%, while the worst month was Mar 2020 at -17.9%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 5 months.
On a daily basis, NMMEX closed higher 52% of trading days. The best single day was Dec 16, 2021 with a return of +30.2%, while the worst single day was Dec 17, 2021 at -23.8%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 11.29% | 6.92% | -12.08% | 13.54% | 9.77% | 1.18% | 31.93% | ||||||
| 2025 | 1.28% | -1.60% | 2.24% | 1.46% | 4.44% | 6.13% | 2.47% | 1.96% | 6.43% | 4.24% | -2.14% | 3.22% | 34.16% |
| 2024 | -3.64% | 4.74% | 2.90% | -2.61% | 2.82% | 4.33% | -0.86% | 1.99% | 3.19% | -3.41% | -1.63% | -0.88% | 6.63% |
| 2023 | 8.02% | -5.68% | 3.40% | -1.27% | -2.65% | 5.12% | 5.02% | -4.57% | -2.80% | -3.87% | 8.12% | 4.03% | 12.12% |
| 2022 | -2.78% | -3.61% | -0.65% | -7.54% | 1.62% | -7.47% | -0.45% | -1.35% | -9.67% | 1.01% | 11.10% | -3.59% | -22.33% |
| 2021 | 2.25% | 0.45% | -0.85% | 1.31% | 2.00% | 0.44% | -4.78% | 2.83% | -5.24% | 1.87% | -4.28% | 3.28% | -1.22% |
Benchmark Metrics
Northern Active M Emerging Market Equity Fund has an annualized alpha of -0.04%, beta of 0.83, and R2 of 0.51 versus S&P 500 Index. Calculated based on daily prices since December 16, 2008.
- This fund participated in 96.61% of S&P 500 Index downside but only 84.28% of its upside - more exposed to losses than it benefited from rallies.
- Alpha
- -0.04%
- Beta
- 0.83
- R²
- 0.51
- Upside Capture
- 84.28%
- Downside Capture
- 96.61%
Expense Ratio
NMMEX has a high expense ratio of 1.10%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
NMMEX ranks 92 for risk / return — in the top 92% of mutual funds on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Northern Active M Emerging Market Equity Fund (NMMEX) and compare them to S&P 500 Index.
| NMMEX | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 3.73 | 2.39 | +1.34 |
Sortino ratioReturn per unit of downside risk | 4.55 | 3.25 | +1.30 |
Omega ratioGain probability vs. loss probability | 1.70 | 1.43 | +0.27 |
Calmar ratioReturn relative to maximum drawdown | 4.63 | 3.11 | +1.51 |
Martin ratioReturn relative to average drawdown | 18.30 | 14.38 | +3.92 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Dividends
Dividend History
Northern Active M Emerging Market Equity Fund provided a 1.46% dividend yield over the last twelve months, with an annual payout of $0.38 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.38 | $0.38 | $0.12 | $0.25 | $0.11 | $4.93 | $1.52 | $1.64 | $0.18 | $0.00 | $0.30 | $0.65 |
Dividend yield | 1.46% | 1.93% | 0.80% | 1.82% | 0.89% | 29.82% | 6.99% | 8.34% | 0.99% | 0.00% | 1.90% | 4.46% |
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 | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.38 | $0.38 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.12 | $0.12 |
| 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 | $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 | $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 | $4.93 |
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 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 44.64%, occurring on Oct 14, 2022. Recovery took 803 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -44.64%Oct 2022 | 10mo 1d | 3y 2mo | 4y 20dDec 2021 - Jan 2026 |
COVID crash2020 | -39.80%Mar 2020 | 2y 1mo | 8mo 13d | 2y 10moJan 2018 - Dec 2020 |
2016 bear market2016 | -36.31%Jan 2016 | 1y 4mo | 1y 5mo | 2y 10moSep 2014 - Jul 2017 |
2011 bear market2011 | -27.81%Oct 2011 | 5mo 4d | 2y 9mo | 3y 2moMay 2011 - Jul 2014 |
Financial crisis2007–2009 | -22.78%Mar 2009 | 1mo 24d | 1mo 1d | 2mo 25dJan 2009 - Apr 2009 |
Drawdown Indicators
| NMMEX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.64% | -56.78% | +12.14% |
Max Drawdown (1Y)Largest decline over 1 year | -14.25% | -9.10% | -5.15% |
Max Drawdown (3Y)Largest decline over 3 years | -16.13% | -18.90% | +2.77% |
Max Drawdown (5Y)Largest decline over 5 years | -44.64% | -25.43% | -19.21% |
Max Drawdown (10Y)Largest decline over 10 years | -44.64% | -33.92% | -10.72% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -15.02% | -10.72% | -4.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.56% | 1.97% | +1.59% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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