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Morningstar

Northern Core Bond NOCBX

Morningstar Medalist Rating
Medalist Rating as of | See Northern Trust Investment Hub
  • NAV / 1-Day Return 8.61  /  −0.33 %
  • Total Assets 88.5 Mil
  • Adj. Expense Ratio
    0.410%
  • Expense Ratio 0.410%
  • Distribution Fee Level Below Average
  • Share Class Type No Load
  • Category Intermediate Core Bond
  • Credit Quality / Interest Rate Sensitivity Medium/Moderate
  • Min. Initial Investment 2,500
  • Status Open
  • TTM Yield 3.86%
  • Effective Duration 6.23 years

USD | NAV as of Apr 25, 2024 | 1-Day Return as of Apr 25, 2024, 10:14 PM GMT+0

Morningstar’s Analysis NOCBX

Will NOCBX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable NOCBX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the NOCBX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of NOCBX’s parent organization’s priorities and whether they’re in line with investors’ interests.

A sound investment process and strong management team underpin Northern Core Bond's Morningstar Medalist Rating of Bronze.

null Morningstar Manager Research

Morningstar Manager Research

Summary

The portfolio maintains a sizable cost advantage over competitors, priced within the second-lowest fee quintile among peers.

by Morningstar Manager Research
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Portfolio Holdings NOCBX

More NOCBX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 23.1
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Northern Institutional US Government

6.40 5.9 Mil
Cash and Equivalents

United States Treasury Bonds 3.375%

5.84 5.4 Mil
Government

United States Treasury Notes 4.5%

3.50 3.2 Mil
Government

United States Treasury Bonds 4.125%

3.45 3.2 Mil
Government

United States Treasury Notes 4.125%

3.07 2.8 Mil
Government

U.S. Treasury Bond Stripped Principal Payment 0%

2.64 2.4 Mil
Government

United States Treasury Notes 3.875%

2.06 1.9 Mil
Government

TOWD POINT MORTGAGE TRUST 2022-1 3.75%

0.70 640,979
Securitized

Federal Home Loan Mortgage Corp. 5%

0.64 591,078
Securitized

Federal Home Loan Mortgage Corp. 2.5%

0.60 549,486
Securitized