Northern Bond Index Fund (NOBOX)
The fund will invest substantially all (and at least 80%) of its net assets in bonds and other fixed-income securities included in the index in weightings that approximate the relative composition of securities contained in the index. The index measures the investment grade, U.S. dollar-denominated, fixed-rate taxable bond market, including Treasuries, government-related and corporate securities, mortgage-backed securities asset-backed securities, and commercial mortgage-backed securities.
Fund Info
US6651625336
665162533
Feb 27, 2007
$2,500
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Northern Bond Index 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 Bond Index Fund had a return of 1.16% year-to-date (YTD) and 6.29% in the last 12 months. Over the past 10 years, Northern Bond Index Fund had an annualized return of 1.17%, while the S&P 500 had an annualized return of 11.16%, indicating that Northern Bond Index Fund did not perform as well as the benchmark.
NOBOX
1.16%
-1.52%
3.02%
6.29%
-0.68%
1.17%
^GSPC (Benchmark)
23.62%
0.54%
11.19%
30.63%
13.61%
11.16%
Monthly Returns
The table below presents the monthly returns of NOBOX, 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -0.31% | -1.42% | 0.94% | -2.55% | 1.66% | 1.00% | 2.30% | 1.42% | 1.37% | -2.45% | 1.16% | ||
| 2023 | 3.06% | -2.53% | 2.54% | 0.59% | -1.04% | -0.40% | -0.15% | -0.59% | -2.61% | -1.50% | 4.46% | 3.85% | 5.49% |
| 2022 | -2.12% | -0.95% | -2.77% | -3.92% | 0.62% | -1.46% | 2.40% | -2.86% | -4.25% | -1.31% | 3.73% | -0.48% | -12.85% |
| 2021 | -0.67% | -1.72% | -1.03% | 0.82% | 0.19% | 0.82% | 1.10% | -0.20% | -0.84% | -0.01% | 0.25% | -0.80% | -2.11% |
| 2020 | 2.03% | 1.79% | -0.51% | 1.66% | 0.49% | 0.54% | 1.42% | -0.77% | -0.09% | -0.43% | 0.97% | -0.84% | 6.38% |
| 2019 | 1.07% | -0.02% | 1.89% | 0.05% | 1.76% | 1.32% | 0.23% | 2.59% | -0.60% | 0.32% | -0.06% | -0.43% | 8.36% |
| 2018 | -1.18% | -0.93% | 0.63% | -0.75% | 0.72% | -0.14% | -0.07% | 0.63% | -0.64% | -0.75% | 0.57% | 1.79% | -0.16% |
| 2017 | 0.29% | 0.71% | -0.17% | 0.81% | 0.78% | -0.13% | 0.49% | 0.88% | -0.53% | 0.02% | -0.18% | 0.58% | 3.60% |
| 2016 | 1.43% | 0.70% | 0.86% | 0.42% | 0.02% | 1.79% | 0.59% | -0.16% | -0.05% | -0.82% | -2.46% | 0.06% | 2.33% |
| 2015 | 2.13% | -0.99% | 0.47% | -0.35% | -0.24% | -1.01% | 0.61% | -0.09% | 0.69% | 0.04% | -0.35% | -0.48% | 0.38% |
| 2014 | 1.74% | 0.84% | -0.03% | 0.80% | 1.42% | 0.25% | -0.02% | 1.18% | -0.71% | 1.18% | 0.69% | -0.02% | 7.53% |
| 2013 | -0.43% | 0.72% | 0.24% | 0.95% | -1.60% | -1.33% | 0.26% | -0.43% | 0.89% | 1.02% | -0.33% | -0.72% | -0.81% |
Expense Ratio
NOBOX has an expense ratio of 0.07%, which is considered low compared to other funds.
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of NOBOX is 20, indicating that it is in the bottom 20% 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.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Northern Bond Index Fund (NOBOX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Northern Bond Index Fund provided a 3.67% dividend yield over the last twelve months, with an annual payout of $0.34 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.34 | $0.30 | $0.25 | $0.23 | $0.26 | $0.31 | $0.29 | $0.29 | $0.29 | $0.28 | $0.45 | $0.45 |
Dividend yield | 3.67% | 3.20% | 2.76% | 2.10% | 2.35% | 2.83% | 2.82% | 2.77% | 2.74% | 2.69% | 4.19% | 4.34% |
Monthly Dividends
The table displays the monthly dividend distributions for Northern Bond Index 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.00 | $0.29 | |
| 2023 | $0.03 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 | $0.03 | $0.03 | $0.02 | $0.03 | $0.02 | $0.03 | $0.30 |
| 2022 | $0.02 | $0.04 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.25 |
| 2021 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.01 | $0.23 |
| 2020 | $0.03 | $0.03 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.26 |
| 2019 | $0.03 | $0.03 | $0.02 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.02 | $0.03 | $0.02 | $0.02 | $0.31 |
| 2018 | $0.03 | $0.02 | $0.03 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 | $0.03 | $0.02 | $0.03 | $0.02 | $0.29 |
| 2017 | $0.03 | $0.02 | $0.02 | $0.03 | $0.02 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.29 |
| 2016 | $0.03 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.03 | $0.29 |
| 2015 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.28 |
| 2014 | $0.05 | $0.05 | $0.05 | $0.02 | $0.05 | $0.05 | $0.05 | $0.02 | $0.02 | $0.05 | $0.02 | $0.02 | $0.45 |
| 2013 | $0.05 | $0.05 | $0.05 | $0.02 | $0.05 | $0.05 | $0.05 | $0.03 | $0.02 | $0.05 | $0.03 | $0.02 | $0.45 |
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 Bond Index 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 Bond Index Fund was 19.74%, occurring on Oct 20, 2022. The portfolio has not yet recovered.
The current Northern Bond Index Fund drawdown is 10.25%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -19.74% | Aug 5, 2020 | 558 | Oct 20, 2022 | — | — | — |
| -6.42% | Mar 10, 2020 | 8 | Mar 19, 2020 | 69 | Jun 26, 2020 | 77 |
| -4.59% | Jul 11, 2016 | 113 | Dec 16, 2016 | 177 | Aug 31, 2017 | 290 |
| -4.36% | Sep 10, 2008 | 38 | Oct 31, 2008 | 23 | Dec 4, 2008 | 61 |
| -4.36% | May 3, 2013 | 87 | Sep 5, 2013 | 121 | Feb 28, 2014 | 208 |
Volatility
Volatility Chart
The current Northern Bond Index Fund volatility is 1.54%, 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.