Northern Multi-Manager Global Real Estate Fund (NMMGX)
The fund will invest at least 80% of its net assets in equity securities of real estate companies and real estate related companies. It will invest in equity-related securities of U.S. and foreign real estate companies. The fund does not invest directly in real estate.
Fund Info
US6651624750
665162475
Nov 18, 2008
$2,500
Large-Cap
Blend
Expense Ratio
NMMGX features an expense ratio of 0.92%, falling within the medium range.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Northern Multi-Manager Global Real Estate 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 Real Estate Fund had a return of 1.85% year-to-date (YTD) and 4.84% in the last 12 months. Over the past 10 years, Northern Multi-Manager Global Real Estate Fund had an annualized return of -1.70%, while the S&P 500 had an annualized return of 11.31%, indicating that Northern Multi-Manager Global Real Estate Fund did not perform as well as the benchmark.
NMMGX
1.85%
2.15%
-3.41%
4.84%
-0.81%
-1.70%
^GSPC (Benchmark)
4.46%
2.46%
9.31%
23.49%
13.03%
11.31%
Monthly Returns
The table below presents the monthly returns of NMMGX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 1.17% | 1.85% | |||||||||||
| 2024 | -4.05% | 0.59% | 3.28% | -7.20% | 4.29% | 0.01% | 6.01% | 4.83% | 2.73% | -5.22% | 2.20% | -7.07% | -0.85% |
| 2023 | 9.36% | -4.79% | -2.14% | 2.10% | -4.59% | 3.01% | 3.00% | -2.62% | -6.57% | -4.83% | 11.16% | 8.37% | 9.85% |
| 2022 | -6.99% | -2.77% | 3.41% | -3.85% | -4.74% | -8.25% | 7.98% | -6.70% | -12.57% | 2.36% | 7.43% | -3.12% | -26.24% |
| 2021 | -0.83% | 3.06% | 2.45% | 6.60% | 1.98% | 1.52% | 4.72% | 1.53% | -5.37% | 5.34% | -1.89% | 5.87% | 27.22% |
| 2020 | 0.52% | -7.24% | -19.42% | 6.57% | 2.16% | 2.35% | 4.04% | 2.19% | -2.35% | -2.31% | 8.83% | 3.73% | -4.14% |
| 2019 | 10.54% | 0.28% | 3.33% | -0.54% | 0.18% | 2.06% | -0.36% | 2.68% | 1.79% | 2.49% | -0.92% | 0.44% | 23.72% |
| 2018 | -0.37% | -6.20% | 3.26% | 1.45% | 1.14% | 2.72% | 0.74% | 0.64% | -1.96% | -3.27% | 3.00% | -6.40% | -5.73% |
| 2017 | 0.38% | 2.29% | -0.83% | 1.60% | 0.83% | 1.02% | 1.73% | -0.36% | -0.65% | -0.27% | 2.00% | 0.60% | 8.61% |
| 2016 | -4.14% | -1.08% | 9.03% | -0.34% | 0.59% | 3.85% | 4.70% | -1.55% | -1.31% | -5.35% | -2.28% | -6.76% | -5.57% |
| 2015 | 4.36% | -0.30% | -0.09% | -1.68% | -0.92% | -4.33% | 3.70% | -5.70% | 1.44% | 5.12% | -2.31% | -24.89% | -25.86% |
| 2014 | -1.41% | 4.16% | 0.30% | 2.20% | 3.20% | 1.17% | 0.06% | 0.73% | -6.08% | 6.82% | 0.22% | -10.27% | -0.05% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of NMMGX is 12, meaning it’s performing worse than 88% of other mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Northern Multi-Manager Global Real Estate Fund (NMMGX) 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 Real Estate Fund provided a 2.35% dividend yield over the last twelve months, with an annual payout of $0.25 per share.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.25 | $0.25 | $0.27 | $0.10 | $0.21 | $0.19 | $0.53 | $0.47 | $0.50 | $0.56 | $0.39 | $0.31 |
Dividend yield | 2.35% | 2.39% | 2.58% | 1.04% | 1.51% | 1.78% | 4.58% | 4.80% | 4.57% | 5.36% | 3.37% | 1.90% |
Monthly Dividends
The table displays the monthly dividend distributions for Northern Multi-Manager Global Real Estate 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.00 | $0.00 | $0.00 | ||||||||||
| 2024 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.07 | $0.25 |
| 2023 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.07 | $0.27 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.01 | $0.10 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.12 | $0.21 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.13 | $0.19 |
| 2019 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.32 | $0.53 |
| 2018 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.21 | $0.47 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.43 | $0.50 |
| 2016 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.39 | $0.56 |
| 2015 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.19 | $0.39 |
| 2014 | $0.01 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.17 | $0.31 |
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.
Worst Drawdowns
The table below displays the maximum drawdowns of the Northern Multi-Manager Global Real Estate 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 Real Estate Fund was 54.91%, occurring on Mar 23, 2020. The portfolio has not yet recovered.
The current Northern Multi-Manager Global Real Estate Fund drawdown is 27.80%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -54.91% | May 9, 2013 | 1730 | Mar 23, 2020 | — | — | — |
| -36.54% | Jan 7, 2009 | 42 | Mar 9, 2009 | 57 | May 29, 2009 | 99 |
| -24.75% | Nov 8, 2010 | 228 | Oct 3, 2011 | 361 | Mar 14, 2013 | 589 |
| -14.02% | Apr 15, 2010 | 37 | Jun 7, 2010 | 62 | Sep 2, 2010 | 99 |
| -10.45% | Jan 12, 2010 | 19 | Feb 8, 2010 | 23 | Mar 12, 2010 | 42 |
Volatility
Volatility Chart
The current Northern Multi-Manager Global Real Estate Fund volatility is 3.89%, 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.