- ISIN
- US6651625906
- CUSIP
- 665162590
- Issuer
- Northern Funds
- Inception Date
- Dec 16, 2005
- Category
- Large Cap Blend Equities
- Min. Investment
- $2,500
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
NOLCX Performance Chart
Northern Large Cap Core Fund (NOLCX) is up 9.2% since the beginning of the year. NOLCX is currently trading at $35 per share. Investors who bought $1,000 worth of NOLCX shares 5 years ago would now be looking at an investment worth $2,037.
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Returns By Period
Northern Large Cap Core Fund (NOLCX) has returned 9.18% so far this year and 27.99% over the past 12 months. Looking at the last ten years, NOLCX has achieved an annualized return of 15.03%, outperforming the S&P 500 Index benchmark, which averaged 13.88% per year.
Northern Large Cap Core Fund
- 1D
- 0.93%
- 1M
- 0.49%
- YTD
- 9.18%
- 6M
- 8.60%
- 1Y
- 27.99%
- 3Y*
- 22.42%
- 5Y*
- 15.29%
- 10Y*
- 15.03%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
NOLCX Monthly Returns History
Based on dividend-adjusted daily data since Dec 19, 2005, NOLCX's average daily return is +0.05%, while the average monthly return is +0.93%. At this rate, an investment would double in approximately 6.2 years.
Historically, 65% of months were positive and 35% were negative. The best month was Apr 2020 with a return of +13.2%, while the worst month was Oct 2008 at -18.1%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 5 months.
On a daily basis, NOLCX closed higher 53% of trading days. The best single day was Dec 16, 2021 with a return of +14.0%, while the worst single day was Dec 17, 2021 at -13.9%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.23% | -0.59% | -4.17% | 9.46% | 4.36% | -0.89% | 9.18% | ||||||
| 2025 | 3.77% | -1.46% | -5.83% | -0.95% | 7.30% | 5.23% | 3.00% | 2.21% | 4.26% | 1.95% | 1.06% | 0.04% | 21.83% |
| 2024 | 2.29% | 5.71% | 3.97% | -4.51% | 5.18% | 3.30% | 1.69% | 2.08% | 2.14% | -0.83% | 5.97% | -3.01% | 26.04% |
| 2023 | 6.13% | -2.32% | 2.47% | 1.05% | 0.13% | 6.83% | 3.10% | -1.42% | -4.13% | -2.10% | 8.32% | 4.78% | 24.32% |
| 2022 | -4.38% | -2.43% | 3.43% | -7.55% | 0.76% | -8.97% | 8.74% | -3.85% | -8.66% | 8.85% | 5.82% | -6.23% | -15.59% |
| 2021 | 0.60% | 2.88% | 5.85% | 4.95% | 1.55% | 1.63% | 2.27% | 3.62% | -4.80% | 6.45% | -0.79% | 5.11% | 32.90% |
Benchmark Metrics
Northern Large Cap Core Fund has an annualized alpha of 1.57%, beta of 0.99, and R2 of 0.93 versus S&P 500 Index. Calculated based on daily prices since December 19, 2005.
- This fund captured 104.74% of S&P 500 Index gains but only 98.20% of its losses - a favorable profile for investors.
- With beta of 0.99 and R2 of 0.93, this fund moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- 1.57%
- Beta
- 0.99
- R²
- 0.93
- Upside Capture
- 104.74%
- Downside Capture
- 98.20%
Expense Ratio
NOLCX has an expense ratio of 0.45%, placing it in the medium range.
Return for Risk
Risk / Return Rank
NOLCX ranks 77 for risk / return — better than 77% of mutual funds on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Northern Large Cap Core Fund (NOLCX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| NOLCX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.29 | ||
| Sortino ratioReturn per unit of downside risk | +0.42 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.37 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 3.49 | 2.78 | +0.71 |
| Martin ratioReturn relative to average drawdown | 15.53 | 12.44 | +3.09 |
Dividends
Dividend History
Northern Large Cap Core Fund provided a 7.86% dividend yield over the last twelve months, with an annual payout of $2.72 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $2.72 | $2.72 | $2.58 | $2.19 | $1.08 | $3.96 | $0.31 | $0.83 | $0.44 | $0.50 | $0.29 | $0.28 |
Dividend yield | 7.86% | 8.57% | 9.09% | 8.96% | 5.02% | 14.82% | 1.35% | 3.93% | 2.49% | 2.63% | 1.78% | 1.87% |
Monthly Dividends
The table displays the monthly dividend distributions for Northern Large Cap Core 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.00 | $0.05 | ||||||
| 2025 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $2.49 | $2.72 |
| 2024 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $2.35 | $2.58 |
| 2023 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $1.95 | $2.19 |
| 2022 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.85 | $1.08 |
| 2021 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $3.69 | $3.96 |
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.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Northern Large Cap Core 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 Large Cap Core Fund was 56.64%, occurring on Mar 9, 2009. Recovery took 888 trading sessions.
The current Northern Large Cap Core Fund drawdown is 1.48%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -56.64%Mar 2009 | 1y 7mo | 3y 6mo | 5y 2moJul 2007 - Sep 2012 |
COVID crash2020 | -34.46%Mar 2020 | 1mo 9d | 5mo 4d | 6mo 13dFeb 2020 - Aug 2020 |
Bear market2022 | -30.63%Sep 2022 | 9mo 17d | 1y 4mo | 2y 2moDec 2021 - Feb 2024 |
Rate-hike selloffLate 2018 | -19.75%Dec 2018 | 3mo 26d | 6mo 20d | 10mo 16dAug 2018 - Jul 2019 |
2025 selloff2025 | -19.03%Apr 2025 | 1mo 17d | 2mo 18d | 4mo 5dFeb 2025 - Jun 2025 |
Drawdown Indicators
| NOLCX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.64% | -56.78% | +0.14% |
Max Drawdown (1Y)Largest decline over 1 year | -8.20% | -9.10% | +0.90% |
Max Drawdown (3Y)Largest decline over 3 years | -19.03% | -18.90% | -0.13% |
Max Drawdown (5Y)Largest decline over 5 years | -30.63% | -25.43% | -5.20% |
Max Drawdown (10Y)Largest decline over 10 years | -34.46% | -33.92% | -0.54% |
Current DrawdownCurrent decline from peak | -1.48% | -1.80% | +0.32% |
Average DrawdownAverage peak-to-trough decline | -8.83% | -10.71% | +1.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.83% | 2.03% | -0.20% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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