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Critical Facts You Need to Know About Preferred Stocks
Have you ever wished for the safety of bonds, but the return potential...
BOND INDEX FUND
mutual fund
NOBOX
Payout Change
Pending
Price as of:
$9.22
-0.02
-0.22%
primary theme
U.S. Intermediate-Term Bond Duration
share class
NOBOX (Mutual Fund)
BOND INDEX FUND
Payout Change
Pending
Price as of:
$9.22
-0.02
-0.22%
primary theme
U.S. Intermediate-Term Bond Duration
share class
NOBOX (Mutual Fund)
BOND INDEX FUND
Payout Change
Pending
Price as of:
$9.22
-0.02
-0.22%
primary theme
U.S. Intermediate-Term Bond Duration
share class
Name
As of 12/11/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
2.6%
1 yr return
5.4%
3 Yr Avg Return
-2.0%
5 Yr Avg Return
-0.1%
Net Assets
$2.36 B
Holdings in Top 10
7.5%
52 WEEK LOW AND HIGH
$9.2
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 0.12%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 48.74%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$2,500
IRA
$500
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/11/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
NOBOX - Profile
Distributions
- YTD Total Return 2.6%
- 3 Yr Annualized Total Return -2.0%
- 5 Yr Annualized Total Return -0.1%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 1.77%
- Dividend Yield 4.0%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameBOND INDEX FUND
-
Fund Family NameNorthern Funds
-
Inception DateFeb 27, 2007
-
Shares OutstandingN/A
-
Share ClassOther
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerKevin O'Shaughnessy
NOBOX - Performance
Return Ranking - Trailing
| Period | NOBOX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 2.6% | -4.6% | 11.7% | 82.90% |
| 1 Yr | 5.4% | -2.4% | 15.0% | 76.37% |
| 3 Yr | -2.0%* | -10.0% | 28.5% | 60.17% |
| 5 Yr | -0.1%* | -7.2% | 58.8% | 75.09% |
| 10 Yr | 1.3%* | -2.8% | 74.0% | 65.19% |
* Annualized
Return Ranking - Calendar
| Period | NOBOX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 2.1% | -16.2% | 8.1% | 51.46% |
| 2022 | -15.1% | -34.7% | 131.9% | 22.02% |
| 2021 | -4.1% | -11.6% | 4.4% | 80.53% |
| 2020 | 3.9% | -9.9% | 946.1% | 52.24% |
| 2019 | 5.3% | -1.7% | 16.9% | 61.46% |
Total Return Ranking - Trailing
| Period | NOBOX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 2.6% | -4.6% | 11.7% | 82.90% |
| 1 Yr | 5.4% | -2.4% | 15.0% | 76.37% |
| 3 Yr | -2.0%* | -10.0% | 28.5% | 60.17% |
| 5 Yr | -0.1%* | -7.2% | 58.8% | 75.09% |
| 10 Yr | 1.3%* | -2.8% | 74.0% | 65.19% |
* Annualized
Total Return Ranking - Calendar
| Period | NOBOX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 5.2% | -11.3% | 11.9% | 79.52% |
| 2022 | -13.0% | -32.2% | 131.9% | 31.60% |
| 2021 | -1.7% | -9.4% | 9.2% | 75.42% |
| 2020 | 7.3% | -1.9% | 1009.0% | 73.65% |
| 2019 | 8.6% | 1.1% | 21668.0% | 56.54% |
NAV & Total Return History
NOBOX - Holdings
Concentration Analysis
| NOBOX | Category Low | Category High | NOBOX % Rank | |
|---|---|---|---|---|
| Net Assets | 2.36 B | 2.9 M | 314 B | 40.00% |
| Number of Holdings | 3614 | 1 | 17880 | 10.90% |
| Net Assets in Top 10 | 180 M | 1.62 M | 35.1 B | 64.07% |
| Weighting of Top 10 | 7.49% | 4.7% | 3984.6% | 97.39% |
Top 10 Holdings
- Northern Institutional Funds GOVT PTFL 2.21%
- T 4 02/15/34 0.85%
- T 4.5 11/15/33 0.66%
- T 4.375 05/15/34 0.65%
- T 3.875 08/15/33 0.63%
- T 3.5 02/15/33 0.61%
- T 3.375 05/15/33 0.61%
- T 4.625 11/15/26 0.42%
- T 4.625 10/15/26 0.42%
- T 4.875 05/31/26 0.42%
Asset Allocation
| Weighting | Return Low | Return High | NOBOX % Rank | |
|---|---|---|---|---|
| Bonds | 96.32% | 0.00% | 9231.88% | 41.97% |
| Cash | 2.21% | -54.51% | 237.69% | 58.15% |
| Other | 2.07% | -27.25% | 1695.17% | 63.34% |
| Convertible Bonds | 0.74% | 0.00% | 7.93% | 75.10% |
| Stocks | 0.00% | 0.00% | 99.98% | 82.07% |
| Preferred Stocks | 0.00% | 0.00% | 72.34% | 79.96% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | NOBOX % Rank | |
|---|---|---|---|---|
| Government | 44.28% | 0.00% | 86.23% | 7.53% |
| Securitized | 30.46% | 0.00% | 98.40% | 47.07% |
| Corporate | 24.58% | 0.00% | 100.00% | 69.67% |
| Cash & Equivalents | 2.21% | 0.00% | 237.69% | 54.52% |
| Municipal | 0.69% | 0.00% | 100.00% | 34.62% |
| Derivative | 0.00% | -6.56% | 44.82% | 62.20% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | NOBOX % Rank | |
|---|---|---|---|---|
| US | 96.32% | 0.00% | 9042.62% | 39.77% |
| Non US | 0.00% | 0.00% | 189.26% | 81.52% |
NOBOX - Expenses
Operational Fees
| NOBOX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.12% | 0.01% | 39.64% | 96.55% |
| Management Fee | 0.06% | 0.00% | 1.76% | 4.20% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.01% | 0.50% | 83.27% |
Sales Fees
| NOBOX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 2.00% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 4.00% | N/A |
Trading Fees
| NOBOX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| NOBOX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 48.74% | 2.00% | 493.39% | 17.48% |
NOBOX - Distributions
Dividend Yield Analysis
| NOBOX | Category Low | Category High | NOBOX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 4.01% | 0.00% | 10.11% | 82.07% |
Dividend Distribution Analysis
| NOBOX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Monthly | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
| NOBOX | Category Low | Category High | NOBOX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 1.77% | -1.28% | 4.79% | 45.67% |
Capital Gain Distribution Analysis
| NOBOX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Nov 25, 2024 | $0.031 | OrdinaryDividend |
| Oct 24, 2024 | $0.029 | OrdinaryDividend |
| Sep 24, 2024 | $0.028 | OrdinaryDividend |
| Aug 26, 2024 | $0.031 | OrdinaryDividend |
| Mar 25, 2024 | $0.025 | OrdinaryDividend |
| Feb 26, 2024 | $0.029 | OrdinaryDividend |
| Jan 25, 2024 | $0.031 | OrdinaryDividend |
| Dec 21, 2023 | $0.026 | OrdinaryDividend |
| Oct 24, 2023 | $0.028 | OrdinaryDividend |
| Sep 21, 2023 | $0.024 | OrdinaryDividend |
| Aug 24, 2023 | $0.026 | OrdinaryDividend |
| Jul 24, 2023 | $0.026 | OrdinaryDividend |
| Jun 22, 2023 | $0.023 | OrdinaryDividend |
| May 24, 2023 | $0.023 | OrdinaryDividend |
| Apr 24, 2023 | $0.025 | OrdinaryDividend |
| Mar 23, 2023 | $0.021 | OrdinaryDividend |
| Feb 23, 2023 | $0.023 | OrdinaryDividend |
| Jan 24, 2023 | $0.029 | OrdinaryDividend |
| Dec 15, 2022 | $0.016 | OrdinaryDividend |
| Nov 22, 2022 | $0.020 | OrdinaryDividend |
| Oct 24, 2022 | $0.022 | OrdinaryDividend |
| Sep 22, 2022 | $0.020 | OrdinaryDividend |
| Aug 24, 2022 | $0.022 | OrdinaryDividend |
| Jul 21, 2022 | $0.018 | OrdinaryDividend |
| Jun 23, 2022 | $0.019 | OrdinaryDividend |
| May 24, 2022 | $0.020 | OrdinaryDividend |
| Apr 21, 2022 | $0.017 | OrdinaryDividend |
| Mar 24, 2022 | $0.014 | OrdinaryDividend |
| Feb 24, 2022 | $0.019 | OrdinaryDividend |
| Jan 24, 2022 | $0.023 | OrdinaryDividend |
| Dec 16, 2021 | $0.013 | OrdinaryDividend |
| Dec 16, 2021 | $0.050 | CapitalGainLongTerm |
| Nov 23, 2021 | $0.017 | OrdinaryDividend |
| Oct 25, 2021 | $0.019 | OrdinaryDividend |
| Sep 23, 2021 | $0.018 | OrdinaryDividend |
| Aug 24, 2021 | $0.018 | OrdinaryDividend |
| Jul 26, 2021 | $0.019 | OrdinaryDividend |
| Jun 24, 2021 | $0.019 | OrdinaryDividend |
| May 24, 2021 | $0.020 | OrdinaryDividend |
| Apr 22, 2021 | $0.018 | OrdinaryDividend |
| Mar 24, 2021 | $0.018 | OrdinaryDividend |
| Feb 24, 2021 | $0.019 | OrdinaryDividend |
| Jan 25, 2021 | $0.025 | OrdinaryDividend |
| Dec 17, 2020 | $0.015 | OrdinaryDividend |
| Dec 17, 2020 | $0.002 | CapitalGainShortTerm |
| Dec 17, 2020 | $0.101 | CapitalGainLongTerm |
| Nov 24, 2020 | $0.019 | OrdinaryDividend |
| Oct 26, 2020 | $0.021 | OrdinaryDividend |
| Sep 24, 2020 | $0.020 | OrdinaryDividend |
| Aug 24, 2020 | $0.022 | OrdinaryDividend |
| Jul 23, 2020 | $0.020 | OrdinaryDividend |
| Jun 24, 2020 | $0.021 | OrdinaryDividend |
| May 26, 2020 | $0.025 | OrdinaryDividend |
| Apr 23, 2020 | $0.023 | OrdinaryDividend |
| Mar 24, 2020 | $0.023 | OrdinaryDividend |
| Feb 24, 2020 | $0.026 | OrdinaryDividend |
| Jan 23, 2020 | $0.028 | OrdinaryDividend |
| Dec 19, 2019 | $0.023 | OrdinaryDividend |
| Dec 19, 2019 | $0.020 | CapitalGainShortTerm |
| Dec 19, 2019 | $0.010 | CapitalGainLongTerm |
| Nov 21, 2019 | $0.023 | OrdinaryDividend |
| Oct 24, 2019 | $0.025 | OrdinaryDividend |
| Sep 24, 2019 | $0.024 | OrdinaryDividend |
| Aug 26, 2019 | $0.027 | OrdinaryDividend |
| Jul 24, 2019 | $0.025 | OrdinaryDividend |
| Dec 15, 2016 | $0.007 | CapitalGainShortTerm |
| Dec 15, 2016 | $0.006 | CapitalGainLongTerm |
| Dec 17, 2015 | $0.005 | CapitalGainShortTerm |
| Dec 17, 2015 | $0.020 | CapitalGainLongTerm |
| Dec 18, 2014 | $0.008 | CapitalGainLongTerm |
| Dec 19, 2013 | $0.009 | CapitalGainLongTerm |
| Dec 19, 2012 | $0.034 | CapitalGainShortTerm |
| Dec 19, 2012 | $0.052 | CapitalGainLongTerm |
| Dec 19, 2011 | $0.051 | CapitalGainShortTerm |
| Dec 19, 2011 | $0.021 | CapitalGainLongTerm |
| Dec 21, 2010 | $0.060 | CapitalGainShortTerm |
| Dec 21, 2010 | $0.015 | CapitalGainLongTerm |
| Dec 21, 2009 | $0.016 | CapitalGainShortTerm |
NOBOX - Fund Manager Analysis
Managers
Kevin O'Shaughnessy
Start Date
Tenure
Tenure Rank
Jul 31, 2019
2.84
2.8%
Kevin is responsible for quantitatively managing and trading fixed income portfolios for Northern Trust clients. He currently manages both separately managed accounts and daily valued commingled funds. Kevin began his career with American National Bank (ANB) in 1989. He continued his role as a senior portfolio manager after Northern Trust’s purchase of ANB at the end of 1997. Prior to his current responsibilities, Kevin managed fixed income portfolios with American National Bank’s investment management subsidiary.
Chaitany Mandavakuriti
Start Date
Tenure
Tenure Rank
Mar 25, 2021
1.18
1.2%
Chaitanya Mandavakuriti, a Vice President of Northern Trust Investments, Inc., has served as a Portfolio Manager of the Fund since March 2021. Chaitanya Mandavakuriti is a Vice President of NTI. Mr. Mandavakuriti joined NTI in 2013 and has assisted in the management of international fixed income index portfolios with a focus on credit.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.08 | 33.43 | 6.77 | 1.16 |
