Northern Limited Term U.S. Government Fund (NSIUX)
The fund will invest, under normal circumstances, at least 80% of its net assets in securities issued or guaranteed by the U.S. government or by its agencies, instrumentalities or sponsored enterprises and repurchase agreements relating to such securities. Its dollar-weighted average maturity, under normal circumstances, will range between two and five years.
Fund Info
ISIN | US6651627563 |
---|---|
CUSIP | 665162756 |
Issuer | Northern Funds |
Inception Date | Sep 30, 1999 |
Category | Government Bonds |
Min. Investment | $2,500 |
Asset Class | Bond |
Expense Ratio
NSIUX 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 Limited Term U.S. Government 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 Limited Term U.S. Government Fund had a return of -0.13% year-to-date (YTD) and 2.22% in the last 12 months. Over the past 10 years, Northern Limited Term U.S. Government Fund had an annualized return of 0.67%, while the S&P 500 had an annualized return of 10.99%, indicating that Northern Limited Term U.S. Government Fund did not perform as well as the benchmark.
Period | Return | Benchmark |
---|---|---|
Year-To-Date | -0.13% | 11.18% |
1 month | 0.80% | 5.60% |
6 months | 1.97% | 17.48% |
1 year | 2.22% | 26.33% |
5 years (annualized) | 0.48% | 13.16% |
10 years (annualized) | 0.67% | 10.99% |
Monthly Returns
The table below presents the monthly returns of NSIUX, 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 | 0.36% | -0.74% | 0.33% | -0.84% | -0.13% | ||||||||
2023 | 1.17% | -1.29% | 1.97% | 0.37% | -0.62% | -0.74% | 0.25% | 0.24% | -0.33% | 0.04% | 1.66% | 1.32% | 4.06% |
2022 | -0.98% | -0.44% | -2.08% | -0.82% | 0.59% | -0.61% | 0.67% | -1.41% | -1.47% | -0.25% | 1.06% | -0.15% | -5.78% |
2021 | 0.00% | -0.59% | -0.10% | 0.11% | 0.11% | -0.29% | 0.41% | -0.07% | -0.29% | -0.59% | -0.09% | -0.29% | -1.68% |
2020 | 0.84% | 1.24% | 1.30% | 0.24% | 0.23% | 0.02% | 0.12% | 0.01% | 0.00% | -0.29% | 0.10% | 0.00% | 3.87% |
2019 | 0.57% | -0.09% | 0.91% | 0.19% | 1.00% | 0.69% | -0.18% | 1.37% | -0.31% | 0.20% | -0.12% | -0.01% | 4.29% |
2018 | -0.57% | -0.28% | 0.20% | -0.33% | 0.41% | 0.01% | -0.11% | 0.31% | -0.20% | -0.11% | 0.46% | 0.61% | 0.41% |
2017 | 0.19% | 0.07% | 0.09% | 0.22% | 0.19% | -0.18% | 0.20% | 0.33% | -0.30% | -0.09% | -0.29% | 0.02% | 0.47% |
2016 | 1.10% | 0.14% | 0.23% | -0.05% | -0.27% | 1.05% | -0.04% | -0.33% | 0.20% | -0.31% | -1.21% | -0.02% | 0.47% |
2015 | 1.05% | -0.46% | 0.34% | 0.04% | 0.15% | -0.15% | 0.15% | -0.06% | 0.46% | -0.15% | -0.35% | -0.16% | 0.85% |
2014 | 0.35% | 0.14% | -0.36% | 0.25% | 0.45% | 0.04% | -0.36% | 0.36% | -0.16% | 0.41% | 0.35% | -0.48% | 0.99% |
2013 | -0.36% | 0.11% | -0.15% | 0.36% | -1.17% | -0.78% | 0.24% | -0.38% | 0.45% | 0.14% | 0.04% | -0.59% | -2.08% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of NSIUX is 15, indicating that it is in the bottom 15% 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.
NSIUX (Northern Limited Term U.S. Government Fund)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Northern Limited Term U.S. Government Fund (NSIUX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Northern Limited Term U.S. Government Fund granted a 2.84% dividend yield in the last twelve months. The annual payout for that period amounted to $0.26 per share.
Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Dividend | $0.26 | $0.27 | $0.15 | $0.01 | $0.05 | $0.17 | $0.23 | $0.14 | $0.08 | $0.05 | $0.06 | $0.04 |
Dividend yield | 2.84% | 2.86% | 1.61% | 0.11% | 0.46% | 1.79% | 2.39% | 1.40% | 0.78% | 0.54% | 0.57% | 0.43% |
Monthly Dividends
The table displays the monthly dividend distributions for Northern Limited Term U.S. Government 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 | $0.02 | $0.00 | $0.09 | |||||||
2023 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.27 |
2022 | $0.00 | $0.01 | $0.01 | $0.01 | $0.02 | $0.01 | $0.01 | $0.02 | $0.01 | $0.02 | $0.02 | $0.02 | $0.15 |
2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 |
2020 | $0.01 | $0.01 | $0.01 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.05 |
2019 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.17 |
2018 | $0.01 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.23 |
2017 | $0.01 | $0.01 | $0.02 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.14 |
2016 | $0.01 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.08 |
2015 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.01 | $0.01 | $0.00 | $0.01 | $0.01 | $0.01 | $0.00 | $0.05 |
2014 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.00 | $0.01 | $0.01 | $0.00 | $0.01 | $0.00 | $0.00 | $0.06 |
2013 | $0.00 | $0.00 | $0.01 | $0.01 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.04 |
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 Limited Term U.S. Government 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 Limited Term U.S. Government Fund was 9.01%, occurring on Oct 20, 2022. The portfolio has not yet recovered.
The current Northern Limited Term U.S. Government Fund drawdown is 3.99%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
---|---|---|---|---|---|---|
-9.01% | Aug 7, 2020 | 556 | Oct 20, 2022 | — | — | — |
-3.13% | Mar 18, 2008 | 62 | Jun 13, 2008 | 63 | Sep 15, 2008 | 125 |
-2.97% | Mar 26, 2004 | 54 | Jun 14, 2004 | 309 | Sep 1, 2005 | 363 |
-2.7% | Jul 6, 2016 | 470 | May 16, 2018 | 213 | Mar 22, 2019 | 683 |
-2.53% | Dec 13, 2012 | 183 | Sep 5, 2013 | 405 | Apr 16, 2015 | 588 |
Volatility
Volatility Chart
The current Northern Limited Term U.S. Government Fund volatility is 0.69%, 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.