Northern Income Equity Fund (NOIEX)
In seeking to achieve its investment objective, the fund will, under normal circumstances, invest at least 80% of its net assets in income-producing equity securities, including dividend-paying common and preferred stocks. It seeks to provide a high level of current income relative to other mutual funds that invest in equity securities. The fund may use derivatives such as stock index futures contracts to equitize cash and enhance portfolio liquidity.
Fund Info
US6651622028
665162202
Mar 31, 1994
$2,500
Large-Cap
Value
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Northern Income Equity 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 Income Equity Fund had a return of 24.85% year-to-date (YTD) and 37.94% in the last 12 months. Over the past 10 years, Northern Income Equity Fund had an annualized return of 12.28%, outperforming the S&P 500 benchmark which had an annualized return of 11.14%.
NOIEX
24.85%
-0.16%
11.92%
37.94%
15.66%
12.28%
^GSPC (Benchmark)
24.05%
0.89%
11.19%
30.12%
13.82%
11.14%
Monthly Returns
The table below presents the monthly returns of NOIEX, 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 | 1.39% | 4.60% | 4.06% | -4.21% | 5.07% | 2.80% | 2.48% | 2.80% | 2.18% | -0.63% | 24.85% | ||
| 2023 | 5.41% | -3.11% | 2.05% | 1.35% | -1.19% | 6.56% | 3.68% | -1.26% | -4.88% | -2.14% | 7.95% | 10.18% | 26.06% |
| 2022 | -3.61% | -2.78% | 3.64% | -6.93% | 1.58% | -8.49% | 7.73% | -3.89% | -9.44% | 9.68% | 6.04% | -5.28% | -13.21% |
| 2021 | -0.66% | 2.25% | 5.26% | 4.19% | 1.53% | 1.70% | 2.02% | 2.59% | -4.57% | 5.09% | 2.37% | 5.83% | 30.81% |
| 2020 | -1.93% | -9.38% | -12.97% | 12.71% | 3.15% | 2.51% | 4.29% | 6.90% | -3.91% | -3.14% | 11.78% | 3.85% | 11.02% |
| 2019 | 7.12% | 3.44% | 1.13% | 4.18% | -6.96% | 6.56% | 1.45% | -3.00% | 3.58% | 1.69% | 2.95% | 2.85% | 27.04% |
| 2018 | 4.51% | -3.82% | -3.09% | 0.95% | 2.32% | 0.34% | 3.69% | 2.82% | 0.33% | -6.54% | 1.28% | -8.64% | -6.62% |
| 2017 | -0.10% | 4.34% | 0.24% | 0.55% | 1.03% | 0.87% | 1.25% | 0.20% | 3.24% | 1.46% | 4.06% | 1.55% | 20.22% |
| 2016 | -3.25% | 0.90% | 5.54% | -0.34% | 1.61% | 2.22% | 2.20% | -1.45% | -0.58% | -1.39% | 3.57% | 2.12% | 11.37% |
| 2015 | -1.08% | 4.99% | -1.94% | -1.14% | 1.24% | -2.75% | 2.49% | -5.23% | -0.39% | 6.76% | -0.30% | -1.65% | 0.39% |
| 2014 | -3.04% | 3.99% | 0.90% | 1.04% | 1.02% | 2.16% | -3.08% | 3.58% | -1.58% | 2.70% | 1.89% | 0.34% | 10.05% |
| 2013 | 5.71% | 1.16% | 3.53% | 2.16% | 0.94% | -2.19% | 4.44% | -2.58% | 2.44% | 3.23% | 1.82% | 2.06% | 24.86% |
Expense Ratio
NOIEX features an expense ratio of 0.49%, falling within the medium range.
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of NOIEX is 92, placing it in the top 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.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Northern Income Equity Fund (NOIEX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Northern Income Equity Fund provided a 5.45% dividend yield over the last twelve months, with an annual payout of $0.96 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.96 | $1.00 | $0.69 | $2.24 | $1.07 | $1.16 | $1.83 | $1.09 | $0.39 | $0.67 | $4.47 | $0.78 |
Dividend yield | 5.45% | 7.03% | 5.41% | 14.43% | 7.67% | 8.58% | 15.73% | 7.56% | 3.02% | 5.57% | 35.65% | 4.99% |
Monthly Dividends
The table displays the monthly dividend distributions for Northern Income 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.02 | $0.02 | $0.02 | $0.01 | $0.03 | $0.03 | $0.02 | $0.02 | $0.03 | $0.02 | $0.00 | $0.23 | |
| 2023 | $0.02 | $0.03 | $0.03 | $0.01 | $0.04 | $0.03 | $0.02 | $0.03 | $0.03 | $0.02 | $0.03 | $0.73 | $1.00 |
| 2022 | $0.01 | $0.02 | $0.00 | $0.01 | $0.03 | $0.02 | $0.01 | $0.03 | $0.03 | $0.02 | $0.03 | $0.48 | $0.69 |
| 2021 | $0.06 | $0.02 | $0.00 | $0.01 | $0.02 | $0.02 | $0.01 | $0.02 | $0.01 | $0.02 | $0.40 | $1.67 | $2.24 |
| 2020 | $0.02 | $0.02 | $0.03 | $0.02 | $0.03 | $0.01 | $0.02 | $0.02 | $0.01 | $0.02 | $0.03 | $0.85 | $1.07 |
| 2019 | $0.03 | $0.03 | $0.01 | $0.01 | $0.03 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 | $0.02 | $0.92 | $1.16 |
| 2018 | $0.01 | $0.02 | $0.02 | $0.01 | $0.04 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 | $0.03 | $1.59 | $1.83 |
| 2017 | $0.02 | $0.03 | $0.03 | $0.01 | $0.03 | $0.03 | $0.01 | $0.03 | $0.03 | $0.02 | $0.04 | $0.82 | $1.09 |
| 2016 | $0.02 | $0.03 | $0.02 | $0.01 | $0.04 | $0.02 | $0.01 | $0.03 | $0.02 | $0.02 | $0.03 | $0.14 | $0.39 |
| 2015 | $0.01 | $0.02 | $0.02 | $0.00 | $0.05 | $0.02 | $0.01 | $0.03 | $0.02 | $0.01 | $0.03 | $0.45 | $0.67 |
| 2014 | $0.01 | $0.01 | $0.02 | $0.01 | $0.03 | $0.01 | $0.24 | $0.04 | $0.03 | $0.04 | $0.04 | $3.99 | $4.47 |
| 2013 | $0.00 | $0.00 | $0.02 | $0.01 | $0.03 | $0.01 | $0.02 | $0.03 | $0.01 | $0.02 | $0.02 | $0.60 | $0.78 |
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 Income 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 Income Equity Fund was 45.66%, occurring on Mar 9, 2009. Recovery took 445 trading sessions.
The current Northern Income Equity Fund drawdown is 1.46%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -45.66% | Jul 16, 2007 | 415 | Mar 9, 2009 | 445 | Dec 10, 2010 | 860 |
| -35.31% | Feb 13, 2020 | 27 | Mar 23, 2020 | 111 | Aug 28, 2020 | 138 |
| -21.76% | Jan 5, 2022 | 186 | Sep 30, 2022 | 300 | Dec 11, 2023 | 486 |
| -19.39% | Oct 4, 2018 | 56 | Dec 24, 2018 | 86 | Apr 30, 2019 | 142 |
| -17.54% | Jul 21, 1998 | 58 | Oct 8, 1998 | 81 | Jan 29, 1999 | 139 |
Volatility
Volatility Chart
The current Northern Income Equity Fund volatility is 3.35%, 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.