Northern Tax-Advantaged U-S Fixed Income (NTAUX)
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 a high expense ratio of 0.25%, 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 Tax-Advantaged U-S Fixed Income, 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 Tax-Advantaged U-S Fixed Income had a return of 1.14% year-to-date (YTD) and 4.52% in the last 12 months. Over the past 10 years, Northern Tax-Advantaged U-S Fixed Income had an annualized return of 1.25%, while the S&P 500 had an annualized return of 10.71%, indicating that Northern Tax-Advantaged U-S Fixed Income did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 1.14% | 8.76% |
| 1 month | 0.38% | -0.28% |
| 6 months | 2.35% | 18.36% |
| 1 year | 4.52% | 25.94% |
| 5 years (annualized) | 1.58% | 12.51% |
| 10 years (annualized) | 1.25% | 10.71% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.30% | 0.29% | 0.16% | 0.28% | ||||||||
| 2023 | 0.39% | 0.84% | 0.56% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of NTAUX is 99, placing it in the top 1% 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.
NTAUX (Northern Tax-Advantaged U-S Fixed Income)
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.
Dividends
Dividend History
Northern Tax-Advantaged U-S Fixed Income granted a 3.01% dividend yield in the last twelve months. The annual payout for that period amounted to $0.30 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.30 | $0.27 | $0.17 | $0.06 | $0.11 | $0.12 | $0.14 | $0.09 | $0.09 | $0.06 | $0.07 | $0.06 |
Dividend yield | 3.01% | 2.70% | 1.72% | 0.55% | 1.12% | 1.18% | 1.37% | 0.85% | 0.89% | 0.61% | 0.65% | 0.62% |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.03 | $0.03 | $0.03 | $0.03 | ||||||||
| 2023 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.02 | $0.03 |
| 2022 | $0.01 | $0.00 | $0.00 | $0.00 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.01 | $0.08 |
| 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 |
| 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 |
| 2019 | $0.02 | $0.02 | $0.01 | $0.01 | $0.01 | $0.02 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 |
| 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 |
| 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 |
| 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 |
| 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 |
| 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 |
| 2013 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 |
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 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, 2021 | 274 | Oct 21, 2022 | 63 | Jan 24, 2023 | 337 |
| -2.44% | Mar 10, 2020 | 9 | Mar 20, 2020 | 43 | May 21, 2020 | 52 |
| -0.5% | Feb 3, 2023 | 12 | Feb 21, 2023 | 16 | Mar 15, 2023 | 28 |
| -0.36% | Aug 25, 2016 | 69 | Dec 1, 2016 | 35 | Jan 24, 2017 | 104 |
| -0.34% | May 28, 2013 | 20 | Jun 24, 2013 | 67 | Sep 27, 2013 | 87 |
Volatility
Volatility Chart
The current Northern Tax-Advantaged U-S Fixed Income volatility is 0.41%, 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.