Northern Core Bond Fund (NOCBX)
The fund will seek capital appreciation and current income in the advisor's attempt to maximize total return. It will invest, under normal circumstances, at least 80% of its net assets in bonds and other fixed-income securities. The fund invests primarily in the investment grade debt obligations of domestic issuers. It also may invest to a limited extent in U.S. dollar denominated investment grade obligations of foreign issuers.
Fund Info
| ISIN | US6651623760 |
|---|---|
| CUSIP | 665162376 |
| Issuer | Northern Funds |
| Inception Date | Mar 29, 2001 |
| Category | Intermediate Core Bond |
| Min. Investment | $2,500 |
| Asset Class | Bond |
Expense Ratio
NOCBX has a high expense ratio of 0.42%, 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 Core Bond 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 Core Bond Fund had a return of -1.63% year-to-date (YTD) and 0.89% in the last 12 months. Over the past 10 years, Northern Core Bond Fund had an annualized return of 1.28%, while the S&P 500 had an annualized return of 10.71%, indicating that Northern Core Bond Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | -1.63% | 8.76% |
| 1 month | 0.11% | -0.32% |
| 6 months | 4.57% | 18.48% |
| 1 year | 0.89% | 25.36% |
| 5 years (annualized) | 0.13% | 12.60% |
| 10 years (annualized) | 1.28% | 10.71% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -0.17% | -1.32% | 0.88% | -2.49% | ||||||||
| 2023 | -1.74% | 4.89% | 3.78% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of NOCBX is 6, indicating that it is in the bottom 6% 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.
NOCBX (Northern Core Bond Fund)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Northern Core Bond Fund (NOCBX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Northern Core Bond Fund granted a 3.93% dividend yield in the last twelve months. The annual payout for that period amounted to $0.34 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.34 | $0.33 | $0.25 | $0.18 | $0.40 | $0.28 | $0.30 | $0.30 | $0.28 | $0.33 | $0.27 | $0.28 |
Dividend yield | 3.93% | 3.65% | 2.86% | 1.68% | 3.65% | 2.67% | 3.06% | 2.90% | 2.75% | 3.24% | 2.59% | 2.77% |
Monthly Dividends
The table displays the monthly dividend distributions for Northern Core Bond 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 | $0.03 | $0.03 | $0.03 | $0.03 | ||||||||
| 2023 | $0.03 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 |
| 2022 | $0.02 | $0.03 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 |
| 2021 | $0.02 | $0.01 | $0.01 | $0.01 | $0.02 | $0.02 | $0.02 | $0.01 | $0.01 | $0.02 | $0.01 | $0.01 |
| 2020 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.01 | $0.19 |
| 2019 | $0.03 | $0.03 | $0.02 | $0.02 | $0.02 | $0.03 | $0.02 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 |
| 2018 | $0.03 | $0.02 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.02 | $0.03 | $0.02 | $0.03 | $0.02 |
| 2017 | $0.02 | $0.02 | $0.04 | $0.03 | $0.02 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 |
| 2016 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.08 |
| 2015 | $0.02 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.11 |
| 2014 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.02 | $0.06 |
| 2013 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 |
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 Core Bond 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 Core Bond Fund was 19.02%, occurring on Oct 21, 2022. The portfolio has not yet recovered.
The current Northern Core Bond Fund drawdown is 11.38%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -19.02% | Jan 4, 2021 | 455 | Oct 21, 2022 | — | — | — |
| -8.54% | Mar 9, 2020 | 9 | Mar 19, 2020 | 73 | Jul 2, 2020 | 82 |
| -5.29% | May 3, 2013 | 75 | Aug 19, 2013 | 185 | May 14, 2014 | 260 |
| -4.35% | Jul 11, 2016 | 113 | Dec 16, 2016 | 175 | Aug 29, 2017 | 288 |
| -3.23% | Jan 2, 2018 | 95 | May 17, 2018 | 177 | Jan 31, 2019 | 272 |
Volatility
Volatility Chart
The current Northern Core Bond Fund volatility is 1.97%, 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.