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Morningstar

Northern Fixed Income NOFIX

Morningstar Medalist Rating
Medalist Rating as of | See Northern Trust Investment Hub
  • NAV / 1-Day Return 8.79  /  0.58 %
  • Total Assets 374.1 Mil
  • Adj. Expense Ratio
    0.450%
  • Expense Ratio 0.450%
  • Distribution Fee Level Below Average
  • Share Class Type No Load
  • Category Intermediate Core-Plus Bond
  • Credit Quality / Interest Rate Sensitivity Medium / Moderate
  • Min. Initial Investment 2,500
  • Status Open
  • TTM Yield 3.79%
  • Effective Duration 6.10 years

USD | NAV as of Dec 05, 2023 | 1-Day Return as of Dec 05, 2023, 11:16 PM GMT+0

Morningstar’s Analysis NOFIX

Will NOFIX 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 NOFIX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the NOFIX 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 NOFIX’s parent organization’s priorities and whether they’re in line with investors’ interests.

A sound investment process and strong management team underpin Northern Fixed Income'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 least expensive fee quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings NOFIX

More NOFIX Holdings
  • Current Portfolio Date
  • Equity Holdings 0
  • Bond Holdings 450
  • Other Holdings 3
  • % Assets in Top 10 Holdings 19.0
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

United States Treasury Bonds 3.375%

6.58
25,073,513
Government

United States Treasury Notes 4.5%

2.80
10,691,578
Government

U.S. Treasury Bond Stripped Principal Payment 0%

2.17
8,274,391
Government

United States Treasury Bonds 3%

1.62
6,188,610
Government

Federal Home Loan Mortgage Corporation 2%

1.45
5,546,626
Securitized

Northern Institutional US Government

1.33
5,079,882
Cash and Equivalents

Fnma Pass-Thru I 3.5%

1.26
4,803,944
Securitized

Bank 2019-Bnk16 4.005%

0.93
3,540,672
Securitized

United States Treasury Notes 4%

0.83
3,161,741
Government

United States Treasury Notes 3.5%

0.72
2,742,408
Government