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Northern Tax-Advantaged U-S Fixed Income (NTAUX)
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Northern Tax-Advantaged U-S Fixed Income (NTAUX)

Mutual Fund · Currency in USD · Last updated May 30, 2025

The fund will, under normal circumstances, invest primarily (and not less than 80% of its net assets) in fixed-income securities. It invests in investment grade domestic debt obligations (i.e., obligations rated within the top four rating categories by a Nationally Recognized Statistical Rating Organization ("NRSRO") or of comparable quality as determined by the fund's investment adviser).

Fund Info

ISIN

US6651624594

CUSIP

665162459

Issuer

Northern Funds

Inception Date

Jun 18, 2009

Category

Ultrashort Bond

Min. Investment

$2,500

Asset Class

Bond

Expense Ratio

NTAUX has an expense ratio of 0.25%, which is considered low.

Share Price Chart

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Compare to other instruments

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Northern Tax-Advantaged U-S Fixed Income

Performance

Performance Chart

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S&P 500

Returns By Period

Northern Tax-Advantaged U-S Fixed Income (NTAUX) returned 1.52% year-to-date (YTD) and 4.00% over the past 12 months. Over the past 10 years, NTAUX returned 1.61% annually, underperforming the S&P 500 benchmark at 10.84%.

NTAUX

YTD

1.52%

1M

0.44%

6M

1.65%

1Y

4.00%

3Y*

3.72%

5Y*

2.02%

10Y*

1.61%

^GSPC (Benchmark)

YTD

0.52%

1M

6.32%

6M

-1.44%

1Y

12.25%

3Y*

12.45%

5Y*

14.20%

10Y*

10.84%

*Annualized

Monthly Returns

The table below presents the monthly returns of NTAUX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.

JanFebMarAprMayJunJulAugSepOctNovDecTotal
20250.43%0.39%0.16%0.09%0.44%1.52%
20240.30%0.29%0.16%0.28%0.27%0.51%0.59%0.52%0.38%-0.11%0.40%0.13%3.79%
20230.96%-0.11%0.48%0.11%0.20%0.50%0.33%0.34%0.14%0.39%0.84%0.56%4.83%
2022-0.54%-0.16%-0.76%-0.26%0.16%-0.44%0.28%-0.18%-0.39%-0.05%0.76%1.02%-0.57%
20210.16%-0.15%0.04%0.04%0.05%0.04%0.04%0.04%-0.06%-0.06%-0.06%-0.03%0.06%
20200.33%0.22%-0.57%0.21%0.79%0.17%0.17%0.07%0.06%-0.04%0.15%-0.02%1.53%
20190.37%0.16%0.33%0.14%0.33%0.25%0.14%0.14%-0.16%0.14%0.03%0.10%1.99%
20180.11%0.19%-0.10%0.10%0.20%0.21%0.21%0.02%0.03%0.03%0.25%0.11%1.38%
20170.19%0.27%-0.03%0.18%0.07%0.09%0.07%0.18%-0.02%-0.02%-0.22%0.00%0.75%
20160.18%0.07%0.06%0.18%0.07%0.27%0.08%0.07%-0.12%0.09%-0.13%0.08%0.90%
20150.16%0.04%0.04%0.05%-0.04%-0.05%0.06%0.04%0.05%0.16%-0.05%-0.14%0.31%
20140.15%0.15%-0.05%0.05%0.15%-0.06%0.05%0.15%-0.05%0.10%0.05%-0.13%0.55%
Go deeper with the Portfolio Analysis tool — backtest performance, assess risk, compare to benchmarks, and more

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

With an overall rank of 98, NTAUX is among the top 2% of mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.

The Risk-Adjusted Performance Rank of NTAUX is 9898
Overall Rank
The Sharpe Ratio Rank of NTAUX is 9797
Sharpe Ratio Rank
The Sortino Ratio Rank of NTAUX is 9898
Sortino Ratio Rank
The Omega Ratio Rank of NTAUX is 9999
Omega Ratio Rank
The Calmar Ratio Rank of NTAUX is 9898
Calmar Ratio Rank
The Martin Ratio Rank of NTAUX is 9898
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

Risk-Adjusted Performance Indicators

The charts below present risk-adjusted performance metrics for Northern Tax-Advantaged U-S Fixed Income (NTAUX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.

The Sharpe ratio helps investors understand how much return they're getting for the level of risk taken. A higher Sharpe ratio indicates better risk-adjusted performance, meaning more reward for each unit of risk.

Northern Tax-Advantaged U-S Fixed Income Sharpe ratios as of May 30, 2025 (values are recalculated daily):

  • 1-Year: 3.10
  • 5-Year: 1.96
  • 10-Year: 1.73
  • All Time: 1.62

These values reflect how efficiently the investment has delivered returns relative to its volatility over different time periods. All figures are annualized and based on daily total returns (including price changes and dividends).

The chart below shows the rolling Sharpe ratio of Northern Tax-Advantaged U-S Fixed Income compared to the selected benchmark. This view highlights how the investment's risk-adjusted performance has changed over time.

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Go to the full Sharpe Ratio tool to analyze any stock or portfolio. Customize time frames, set your own risk-free rate, and more

Dividends

Dividend History

Northern Tax-Advantaged U-S Fixed Income provided a 3.42% dividend yield over the last twelve months, with an annual payout of $0.35 per share. The fund has been increasing its distributions for 3 consecutive years.

0.00%1.00%2.00%3.00%4.00%$0.00$0.05$0.10$0.15$0.20$0.25$0.30$0.3520142015201620172018201920202021202220232024
Dividends
Dividend Yield
PeriodTTM20242023202220212020201920182017201620152014
Dividend$0.35$0.35$0.27$0.10$0.06$0.12$0.17$0.14$0.09$0.09$0.07$0.07

Dividend yield

3.42%3.41%2.69%1.03%0.57%1.13%1.69%1.38%0.86%0.90%0.65%0.69%

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.

JanFebMarAprMayJunJulAugSepOctNovDecTotal
2025$0.03$0.03$0.03$0.03$0.03$0.14
2024$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.02$0.35
2023$0.03$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.03$0.02$0.03$0.27
2022$0.01$0.00$0.00$0.00$0.01$0.01$0.01$0.01$0.01$0.02$0.02$0.01$0.10
2021$0.01$0.01$0.00$0.00$0.01$0.00$0.00$0.00$0.00$0.00$0.00$0.01$0.06
2020$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.02$0.12
2019$0.02$0.02$0.01$0.01$0.01$0.02$0.01$0.01$0.01$0.01$0.01$0.02$0.17
2018$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.02$0.01$0.14
2017$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.00$0.09
2016$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.09
2015$0.01$0.00$0.00$0.01$0.01$0.01$0.01$0.00$0.01$0.01$0.01$0.01$0.07
2014$0.01$0.01$0.01$0.01$0.01$0.00$0.01$0.01$0.01$0.01$0.01$0.01$0.07

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 2.57%, occurring on Oct 21, 2022. Recovery took 63 trading sessions.

Depth

Start

To Bottom

Bottom

To Recover

End

Total

-2.57%Sep 22, 2021274Oct 21, 202263Jan 24, 2023337
-2.44%Mar 10, 20209Mar 20, 202043May 21, 202052
-0.59%Apr 7, 20253Apr 9, 202525May 15, 202528
-0.5%Feb 3, 202312Feb 21, 202316Mar 15, 202328
-0.39%Oct 3, 202415Oct 23, 202423Nov 25, 202438
Go to the full Drawdowns tool for more analysis options, including inflation-adjusted drawdowns, and more

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.

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