- ISIN
- US6651624594
- CUSIP
- 665162459
- Issuer
- Northern Trust
- Inception Date
- Jun 18, 2009
- Category
- Ultrashort Bond
- Min. Investment
- $2,500
- Distribution Policy
- Distributing
- Asset Class
- Bond
Share Price Chart
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Performance
NTAUX Performance Chart
Northern Tax-Advantaged U-S Fixed Income (NTAUX) is up 1.0% since the beginning of the year. NTAUX is currently trading at $10 per share. Investors who bought $1,000 worth of NTAUX shares 5 years ago would now be looking at an investment worth $1,096.
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Compare this symbol against anything
Returns By Period
Northern Tax-Advantaged U-S Fixed Income (NTAUX) has returned 0.99% so far this year and 2.11% over the past 12 months. Over the last ten years, NTAUX has returned 1.56% per year, falling short of the S&P 500 Index benchmark, which averaged 13.26% annually.
Northern Tax-Advantaged U-S Fixed Income
- 1D
- 0.00%
- 1M
- 0.03%
- 6M
- 0.38%
- YTD
- 0.99%
- 1Y
- 2.11%
- 3Y*
- 2.95%
- 5Y*
- 1.85%
- 10Y*
- 1.56%
- ALL TIME*
- 1.32%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
NTAUX Monthly Returns History
Based on dividend-adjusted daily data since Jun 25, 2009, NTAUX's average daily return is +0.01%, while the average monthly return is +0.11%. At this rate, an investment would double in approximately 52.5 years.
Historically, 75% of months were positive and 25% were negative. The best month was Jan 2023 with a return of +1.0%, while the worst month was Mar 2022 at -0.8%. The longest winning streak lasted 17 consecutive months, and the longest losing streak was 8 months.
On a daily basis, NTAUX closed higher 12% of trading days. The best single day was Mar 25, 2020 with a return of +0.6%, while the worst single day was Mar 20, 2020 at -0.6%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.61% | 0.33% | -0.59% | 0.24% | 0.26% | 0.10% | 0.03% | 0.99% | |||||
| 2025 | 0.10% | 0.10% | -0.10% | 0.09% | 0.44% | 0.38% | 0.45% | 0.36% | 0.15% | 0.04% | 0.36% | 0.19% | 2.60% |
| 2024 | 0.31% | 0.29% | -0.10% | 0.28% | 0.27% | 0.50% | 0.59% | 0.52% | 0.38% | -0.11% | 0.40% | 0.13% | 3.52% |
| 2023 | 0.96% | -0.11% | 0.48% | -0.10% | 0.20% | 0.50% | 0.33% | 0.34% | 0.14% | 0.10% | 0.60% | 0.55% | 4.06% |
| 2022 | -0.54% | -0.20% | -0.79% | -0.26% | 0.16% | -0.50% | 0.20% | -0.30% | -0.39% | -0.05% | 0.76% | 0.32% | -1.59% |
| 2021 | 0.16% | -0.15% | 0.04% | 0.04% | 0.05% | -0.00% | 0.04% | 0.04% | -0.06% | -0.06% | -0.10% | -0.03% | -0.03% |
Benchmark Metrics
Northern Tax-Advantaged U-S Fixed Income has an annualized alpha of 1.29%, beta of 0.00, and R2 of 0.00 versus S&P 500 Index. Calculated based on daily prices since June 25, 2009.
- This fund captured 3.86% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -0.58%) - a profile typical of hedging or uncorrelated assets.
- Beta of 0.00 may look defensive, but with R2 of 0.00 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
- R2 of 0.00 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 1.29%
- Beta
- 0.00
- R²
- 0.00
- Upside Capture
- 3.86%
- Downside Capture
- -0.58%
Expense Ratio
NTAUX has an expense ratio of 0.25%, which is considered low.
Return for Risk
Risk / Return Rank
NTAUX ranks 89 for risk / return — above 89% of mutual funds peers on PortfoliosLab. Its historical combined result is among the stronger results in the peer group.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for Northern Tax-Advantaged U-S Fixed Income (NTAUX) 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.
| NTAUX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.62 | ||
| Sortino ratioReturn per unit of downside risk | +2.18 | ||
| Omega ratioGain probability vs. loss probability | 1.85 | 1.25 | +0.60 |
| Calmar ratioReturn relative to maximum drawdown | 3.15 | 2.00 | +1.15 |
| Martin ratioReturn relative to average drawdown | 10.04 | 8.49 | +1.55 |
Dividends
Dividend History
Northern Tax-Advantaged U-S Fixed Income provided a 2.49% dividend yield over the last twelve months, with an annual payout of $0.25 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.25 | $0.23 | $0.32 | $0.20 | $0.07 | $0.05 | $0.11 | $0.17 | $0.14 | $0.09 | $0.08 | $0.06 |
Dividend yield | 2.49% | 2.27% | 3.15% | 1.96% | 0.68% | 0.46% | 1.09% | 1.69% | 1.38% | 0.93% | 0.81% | 0.61% |
Monthly Dividends
The table displays the monthly dividend distributions for Northern Tax-Advantaged U-S Fixed Income. 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 | $0.03 | $0.02 | $0.00 | $0.02 | $0.03 | $0.00 | $0.02 | $0.13 | |||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.03 | $0.02 | $0.23 |
| 2024 | $0.03 | $0.03 | $0.00 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.32 |
| 2023 | $0.03 | $0.02 | $0.02 | $0.00 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.00 | $0.00 | $0.03 | $0.20 |
| 2022 | $0.01 | $0.00 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.00 | $0.01 | $0.02 | $0.02 | $0.01 | $0.07 |
| 2021 | $0.01 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.05 |
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 Tax-Advantaged U-S Fixed Income. 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 Tax-Advantaged U-S Fixed Income was 2.95%, occurring on Oct 21, 2022. Recovery took 168 trading sessions.
The current Northern Tax-Advantaged U-S Fixed Income drawdown is 0.07%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-2.95%Oct 2022 | 1y 4mo | 8mo 8d | 2y 10dJun 2021 - Jun 2023 | Bear market2022 |
-2.44%Mar 2020 | 10d | 2mo 2d | 2mo 12dMar 2020 - May 2020 | COVID crash2020 |
-0.88%Apr 2025 | 4d | 1mo 4d | 1mo 8dApr 2025 - May 2025 | 2025 selloff2025 |
-0.68%Mar 2026 | 24d | 2mo 7d | 3mo 1dMar 2026 - Jun 2026 | — |
-0.39%Oct 2024 | 19d | 1mo 3d | 1mo 22dOct 2024 - Nov 2024 | — |
Drawdown Indicators
| NTAUX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.95% | -56.78% | +53.83% |
Max Drawdown (1Y)Largest decline over 1 year | -0.68% | -9.10% | +8.42% |
Max Drawdown (3Y)Largest decline over 3 years | -0.88% | -18.90% | +18.02% |
Max Drawdown (5Y)Largest decline over 5 years | -2.94% | -25.43% | +22.49% |
Max Drawdown (10Y)Largest decline over 10 years | -2.95% | -33.92% | +30.97% |
Current DrawdownCurrent decline from peak | -0.07% | -1.58% | +1.51% |
Average DrawdownAverage peak-to-trough decline | -0.20% | -10.70% | +10.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.21% | 2.14% | -1.93% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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