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SMALL CAP INDEX FUND
mutual fund
NSIDX
Payout Change
Pending
Price as of:
$15.72
-0.22
-1.38%
primary theme
U.S. Small-Cap Blend Equity
share class
NSIDX (Mutual Fund)
SMALL CAP INDEX FUND
Payout Change
Pending
Price as of:
$15.72
-0.22
-1.38%
primary theme
U.S. Small-Cap Blend Equity
share class
NSIDX (Mutual Fund)
SMALL CAP INDEX FUND
Payout Change
Pending
Price as of:
$15.72
-0.22
-1.38%
primary theme
U.S. Small-Cap Blend Equity
share class
Name
As of 12/12/2024Price
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
17.9%
1 yr return
22.9%
3 Yr Avg Return
4.1%
5 Yr Avg Return
8.9%
Net Assets
$1.13 B
Holdings in Top 10
6.8%
52 WEEK LOW AND HIGH
$15.9
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 0.16%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 25.57%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$2,500
IRA
$500
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/12/2024Price
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
NSIDX - Profile
Distributions
- YTD Total Return 17.9%
- 3 Yr Annualized Total Return 4.1%
- 5 Yr Annualized Total Return 8.9%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 0.88%
- Dividend Yield 1.3%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameSMALL CAP INDEX FUND
-
Fund Family NameNorthern Trust
-
Inception DateSep 03, 2099
-
Shares OutstandingN/A
-
Share ClassOther
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerBrent Reeder
Fund Description
Under normal circumstances, the Fund will invest substantially all (and at least 80%) of its net assets in the equity securities included in the Index, in weightings that approximate the relative composition of securities contained in the Index, and in Index futures approved by the Commodity Futures Trading Commission.
The Index measures the performance of the small-cap segment of the US equity universe. The Index is a subset of the Russell 3000® Index representing approximately 7% of the total market capitalization of that index. It includes approximately 2,000 of the smallest securities included in the Russell 3000® Index based on a combination of their market cap and current index membership. As of May 31, 2024, the approximate median market capitalization of the companies in the Index was $919 million. The Index is rebalanced quarterly. The Fund generally rebalances its portfolio in accordance with the Index.
NTI uses a “passive” or indexing approach to try to achieve the Fund’s investment objective. Unlike many investment companies, the Fund does not try to “beat” the index it tracks and does not seek temporary defensive positions when markets decline or appear overvalued. NTI will buy and sell securities in response to changes in the Index as well as in response to subscriptions and redemptions. The Fund generally invests in substantially all of the securities in the Index in approximately the same proportions as the Index (i.e., replication). In certain circumstances, however, the Fund may not hold every security in the Index or in the same proportion as the Index, such as to improve tax efficiency or when it may not be practicable to fully implement a replication strategy. Rather, it will use an optimization strategy to seek to construct a portfolio that minimizes tracking error versus the Index while managing transaction costs and realized capital gains and losses.
The Fund intends to be diversified in approximately the same proportion as the Index is diversified. The Fund may become “non-diversified,” as defined in the Investment Company Act of 1940 (the “1940 Act”), solely as a result of a change in relative market capitalization or index weighting of one or more constituents of the Index. A “non-diversified” fund can invest a greater percentage of its assets in a small group of
issuers or in any one issuer than a diversified fund can. Shareholder approval will not be sought if the Fund becomes non-diversified due solely to a change in the relative market capitalization or index weighting of one or more constituents of the Index.
In seeking to track the performance of the Index, from time to time the Fund may have a focused investment (i.e., investment exposure comprising more than 15% of its total assets) in one or more particular sectors. As of March 31, 2024, the Fund had focused investments in the health care, industrials and financials sectors.
NTI expects that, under normal circumstances, the quarterly performance of the Fund, before fees and expenses, will track the performance of the Index within a 0.95 correlation coefficient.
The Index is created and sponsored by Frank Russell Company (“Russell”), as the index provider. Russell determines the composition and relative weightings of the securities in the Index and publishes information regarding the market value of the Index. Russell does not endorse any of the securities in the Index. It is not a sponsor of the Small Cap Index Fund and is not affiliated with the Fund in any way.
NSIDX - Performance
Return Ranking - Trailing
| Period | NSIDX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 17.9% | -1.5% | 40.1% | 33.90% |
| 1 Yr | 22.9% | 0.0% | 49.5% | 35.24% |
| 3 Yr | 4.1%* | -11.3% | 45.7% | 66.67% |
| 5 Yr | 8.9%* | -12.3% | 38.2% | 63.25% |
| 10 Yr | 8.8%* | -2.8% | 18.6% | 50.44% |
* Annualized
Return Ranking - Calendar
| Period | NSIDX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 14.5% | -19.9% | 29.0% | 43.21% |
| 2022 | -25.2% | -59.3% | 118.2% | 81.92% |
| 2021 | 1.8% | -31.6% | 39.3% | 78.13% |
| 2020 | 15.5% | -51.0% | 39.5% | 26.05% |
| 2019 | 23.0% | -5.6% | 37.8% | 32.64% |
Total Return Ranking - Trailing
| Period | NSIDX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 17.9% | -1.5% | 40.1% | 33.90% |
| 1 Yr | 22.9% | 0.0% | 49.5% | 35.24% |
| 3 Yr | 4.1%* | -11.3% | 45.7% | 66.67% |
| 5 Yr | 8.9%* | -12.3% | 38.2% | 63.25% |
| 10 Yr | 8.8%* | -2.8% | 18.6% | 50.44% |
* Annualized
Total Return Ranking - Calendar
| Period | NSIDX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 16.8% | -11.7% | 31.8% | 43.79% |
| 2022 | -20.5% | -45.2% | 123.7% | 85.77% |
| 2021 | 14.7% | 0.0% | 45.6% | 90.63% |
| 2020 | 19.5% | -50.5% | 46.9% | 18.24% |
| 2019 | 25.2% | 2.2% | 40.9% | 44.14% |
NAV & Total Return History
NSIDX - Holdings
Concentration Analysis
| NSIDX | Category Low | Category High | NSIDX % Rank | |
|---|---|---|---|---|
| Net Assets | 1.13 B | 555 K | 145 B | 31.18% |
| Number of Holdings | 1994 | 2 | 2445 | 3.61% |
| Net Assets in Top 10 | 85.2 M | 124 K | 10.3 B | 46.77% |
| Weighting of Top 10 | 6.77% | 3.1% | 100.1% | 90.84% |
Top 10 Holdings
- FUT. CME EMINIRUS2K DEC24 1.93%
- Northern Institutional Funds GOVT PTFL 1.79%
- Vaxcyte Inc COM 0.50%
- FTAI Aviation Ltd COM USD0.01 0.49%
- Insmed Inc COM USD0.01 0.42%
- Sprouts Farmers Markets Inc COM USD0.001 0.41%
- Fabrinet COM USD0.01 0.31%
- Applied Industrial Technologies Inc. COM NPV 0.31%
- Mueller Industries Inc. COM USD0.01 0.30%
- Fluor Corporation COM USD0.01 0.30%
Asset Allocation
| Weighting | Return Low | Return High | NSIDX % Rank | |
|---|---|---|---|---|
| Stocks | 97.98% | 4.44% | 107.74% | 63.88% |
| Other | 1.93% | -0.07% | 49.08% | 10.84% |
| Cash | 1.79% | 0.00% | 27.02% | 46.39% |
| Bonds | 0.13% | 0.00% | 102.81% | 8.75% |
| Preferred Stocks | 0.00% | 0.00% | 5.13% | 12.55% |
| Convertible Bonds | 0.00% | 0.00% | 3.17% | 11.81% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | NSIDX % Rank | |
|---|---|---|---|---|
| Healthcare | 16.53% | 0.00% | 26.53% | 13.85% |
| Industrials | 15.30% | 2.46% | 37.42% | 72.12% |
| Financial Services | 14.62% | 0.00% | 35.52% | 67.12% |
| Technology | 13.81% | 0.00% | 43.95% | 51.92% |
| Consumer Cyclical | 9.63% | 0.99% | 47.79% | 73.27% |
| Real Estate | 9.15% | 0.00% | 29.43% | 25.00% |
| Energy | 6.54% | 0.00% | 37.72% | 40.77% |
| Consumer Defense | 4.07% | 0.00% | 18.87% | 54.23% |
| Basic Materials | 3.78% | 0.00% | 18.66% | 71.15% |
| Communication Services | 3.63% | 0.00% | 14.85% | 26.73% |
| Utilities | 2.94% | 0.00% | 18.58% | 37.12% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | NSIDX % Rank | |
|---|---|---|---|---|
| US | 97.98% | 2.58% | 107.74% | 56.27% |
| Non US | 0.00% | 0.00% | 97.07% | 23.76% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | NSIDX % Rank | |
|---|---|---|---|---|
| Derivative | 1.93% | -0.07% | 9.34% | 2.28% |
| Cash & Equivalents | 1.79% | 0.00% | 100.00% | 43.92% |
| Corporate | 0.14% | 0.00% | 100.00% | 9.80% |
| Securitized | 0.00% | 0.00% | 8.22% | 10.40% |
| Municipal | 0.00% | 0.00% | 0.15% | 9.00% |
| Government | 0.00% | 0.00% | 38.56% | 10.80% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | NSIDX % Rank | |
|---|---|---|---|---|
| US | 0.13% | 0.00% | 89.10% | 8.75% |
| Non US | 0.00% | 0.00% | 13.72% | 9.89% |
NSIDX - Expenses
Operational Fees
| NSIDX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.16% | 0.01% | 38.30% | 93.89% |
| Management Fee | 0.09% | 0.00% | 1.50% | 6.30% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.01% | 0.45% | 66.02% |
Sales Fees
| NSIDX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 3.50% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| NSIDX 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.
| NSIDX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 25.57% | 1.00% | 314.00% | 25.83% |
NSIDX - Distributions
Dividend Yield Analysis
| NSIDX | Category Low | Category High | NSIDX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 1.32% | 0.00% | 42.47% | 28.90% |
Dividend Distribution Analysis
| NSIDX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annual | SemiAnnual | SemiAnnual |
Net Income Ratio Analysis
| NSIDX | Category Low | Category High | NSIDX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 0.88% | -2.40% | 2.49% | 16.15% |
Capital Gain Distribution Analysis
| NSIDX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 21, 2023 | $0.210 | OrdinaryDividend |
| Dec 21, 2023 | $0.057 | CapitalGainLongTerm |
| Dec 15, 2022 | $0.742 | OrdinaryDividend |
| Dec 16, 2021 | $1.891 | OrdinaryDividend |
| Dec 17, 2020 | $0.539 | OrdinaryDividend |
| Dec 19, 2019 | $0.145 | OrdinaryDividend |
| Dec 19, 2019 | $0.016 | CapitalGainShortTerm |
| Dec 19, 2019 | $0.075 | CapitalGainLongTerm |
| Dec 20, 2018 | $0.094 | CapitalGainShortTerm |
| Dec 20, 2018 | $1.069 | CapitalGainLongTerm |
| Dec 20, 2018 | $0.147 | OrdinaryDividend |
| Dec 21, 2017 | $0.081 | CapitalGainShortTerm |
| Dec 21, 2017 | $0.665 | CapitalGainLongTerm |
| Dec 21, 2017 | $0.146 | OrdinaryDividend |
| Dec 15, 2016 | $0.379 | CapitalGainLongTerm |
| Dec 15, 2016 | $0.135 | OrdinaryDividend |
| Dec 17, 2015 | $0.039 | CapitalGainShortTerm |
| Dec 17, 2015 | $0.549 | CapitalGainLongTerm |
| Dec 17, 2015 | $0.138 | OrdinaryDividend |
| Dec 18, 2014 | $0.035 | CapitalGainShortTerm |
| Dec 18, 2014 | $0.497 | CapitalGainLongTerm |
| Dec 18, 2014 | $0.135 | OrdinaryDividend |
| Dec 19, 2013 | $0.045 | CapitalGainShortTerm |
| Dec 19, 2013 | $0.434 | CapitalGainLongTerm |
| Dec 19, 2013 | $0.103 | OrdinaryDividend |
| Dec 19, 2012 | $0.064 | CapitalGainLongTerm |
| Dec 19, 2012 | $0.147 | OrdinaryDividend |
| Dec 19, 2011 | $0.060 | OrdinaryDividend |
| Dec 21, 2010 | $0.062 | OrdinaryDividend |
| Dec 21, 2009 | $0.060 | OrdinaryDividend |
| Dec 19, 2008 | $0.735 | CapitalGainLongTerm |
| Dec 19, 2008 | $0.100 | OrdinaryDividend |
| Dec 19, 2007 | $0.048 | CapitalGainShortTerm |
| Dec 19, 2007 | $0.772 | CapitalGainLongTerm |
| Dec 19, 2007 | $0.134 | OrdinaryDividend |
| Dec 19, 2006 | $0.041 | CapitalGainShortTerm |
| Dec 19, 2006 | $1.535 | CapitalGainLongTerm |
| Dec 19, 2006 | $0.089 | OrdinaryDividend |
| Dec 20, 2005 | $0.107 | CapitalGainLongTerm |
| Dec 20, 2005 | $0.074 | OrdinaryDividend |
| Dec 20, 2004 | $0.032 | OrdinaryDividend |
| Dec 18, 2003 | $0.037 | OrdinaryDividend |
| Dec 19, 2002 | $0.012 | CapitalGainLongTerm |
| Dec 19, 2002 | $0.048 | OrdinaryDividend |
| Dec 18, 2001 | $0.012 | CapitalGainLongTerm |
| Dec 18, 2001 | $0.031 | OrdinaryDividend |
| Dec 19, 2000 | $0.972 | CapitalGainShortTerm |
| Dec 19, 2000 | $2.054 | CapitalGainLongTerm |
| Dec 19, 2000 | $0.105 | OrdinaryDividend |
NSIDX - Fund Manager Analysis
Managers
Brent Reeder
Start Date
Tenure
Tenure Rank
Nov 01, 2006
15.59
15.6%
Brent Reeder, Senior Vice President at The Northern Trust Company, Chicago, is the Team Leader-Domestic Index in the Quantitative Management Group of Northern Trust Global Investments (NTGI). Before his current role, he was a Portfolio Manager in the Quantitative Management Group of NTGI, responsible for the management of index portfolios. Brent has a broad range of expertise in both large capitalization and small capitalization index mandates. Prior to this, Brent spent five years in trust operations as a team leader of the Foundations and Endowments team. He received a B.A. degree in Economics from DePauw University and an M.B.A. degree in Finance from DePaul University. Brent is an Associated Person with the National Futures Association.
Shivani Shah
Start Date
Tenure
Tenure Rank
Dec 23, 2021
0.44
0.4%
Ms. Shah joined NTI in 2021, where she is responsible for managing a variety of equity index portfolios. Prior to joining Northern Trust, Ms. Shah was a Portfolio Manager and Trader at The Vanguard Group managing ETFs and equity index investments. Ms. Shah began her career in 2010 and has held various investment management roles at Davis Selected Advisors, The Vanguard Group, and most recently as an independent consultant. Mr. Reeder manages various quantitative equity portfolios. Mr. Reeder is also a portfolio manager of the other Equity Index Funds.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.08 | 49.61 | 7.17 | 2.58 |
