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
ISIN | US6651624750 |
---|---|
CUSIP | 665162475 |
Issuer | Northern Funds |
Inception Date | Nov 18, 2008 |
Category | REIT |
Min. Investment | $2,500 |
Asset Class | Real Estate |
Asset Class Size | Large-Cap |
Asset Class Style | Blend |
Expense Ratio
NMMGX has a high expense ratio of 0.92%, 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 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 -3.44% year-to-date (YTD) and 2.56% in the last 12 months. Over the past 10 years, Northern Multi-Manager Global Real Estate Fund had an annualized return of 2.99%, while the S&P 500 had an annualized return of 10.66%, indicating that Northern Multi-Manager Global Real Estate Fund did not perform as well as the benchmark.
Period | Return | Benchmark |
---|---|---|
Year-To-Date | -3.44% | 9.31% |
1 month | -2.39% | 0.08% |
6 months | 12.15% | 19.94% |
1 year | 2.56% | 26.02% |
5 years (annualized) | 0.86% | 12.62% |
10 years (annualized) | 2.99% | 10.66% |
Monthly Returns Heatmap
Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
2024 | -4.05% | 0.59% | 3.28% | -7.20% | ||||||||
2023 | -4.83% | 11.16% | 8.37% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of NMMGX 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.
NMMGX (Northern Multi-Manager Global Real Estate Fund)
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 granted a 2.02% dividend yield in the last twelve months. The annual payout for that period amounted to $0.21 per share.
Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Dividend | $0.21 | $0.27 | $0.10 | $0.37 | $0.19 | $0.53 | $0.59 | $0.60 | $1.62 | $4.27 | $2.19 | $2.28 |
Dividend yield | 2.02% | 2.59% | 1.04% | 2.69% | 1.77% | 4.57% | 6.04% | 5.53% | 15.47% | 36.84% | 13.64% | 13.95% |
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
2024 | $0.00 | $0.00 | $0.03 | $0.00 | ||||||||
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 |
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 |
2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.28 |
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 |
2019 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.32 |
2018 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.33 |
2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.53 |
2016 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $1.44 |
2015 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $4.07 |
2014 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $2.06 |
2013 | $0.01 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $2.11 |
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 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 40.28%, occurring on Mar 23, 2020. Recovery took 268 trading sessions.
The current Northern Multi-Manager Global Real Estate Fund drawdown is 21.77%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
---|---|---|---|---|---|---|
-40.28% | Feb 18, 2020 | 25 | Mar 23, 2020 | 268 | Apr 15, 2021 | 293 |
-36.54% | Jan 7, 2009 | 42 | Mar 9, 2009 | 57 | May 29, 2009 | 99 |
-34.26% | Jan 3, 2022 | 458 | Oct 27, 2023 | — | — | — |
-23.53% | Jul 25, 2011 | 50 | Oct 3, 2011 | 197 | Jul 17, 2012 | 247 |
-16.7% | Feb 6, 2015 | 256 | Feb 11, 2016 | 103 | Jul 11, 2016 | 359 |
Volatility
Volatility Chart
The current Northern Multi-Manager Global Real Estate Fund volatility is 4.64%, 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.