Northern Bond Index Fund (NOBOX)
| Fund Assets | 2.31B |
| Expense Ratio | 0.07% |
| Min. Investment | $2,500 |
| Turnover | 43.36% |
| Dividend (ttm) | 0.36 |
| Dividend Yield | 3.82% |
| Dividend Growth | 7.38% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Aug 25, 2025 |
| Previous Close | 9.32 |
| YTD Return | 2.87% |
| 1-Year Return | -0.80% |
| 5-Year Return | -8.01% |
| 52-Week Low | 8.94 |
| 52-Week High | 9.47 |
| Beta (5Y) | 0.24 |
| Holdings | 3664 |
| Inception Date | Feb 27, 2007 |
About NOBOX
The Northern Bond Index Fund is a mutual fund designed to closely replicate the performance of the Bloomberg U.S. Aggregate Bond Index, a comprehensive benchmark for the U.S. investment-grade bond market. Its primary function is to provide broad exposure to U.S. dollar-denominated, fixed-rate taxable bonds by investing at least 80% of its assets in securities included in the index. The fund's holdings span U.S. Treasuries, government-related and investment-grade corporate bonds, mortgage-backed securities, asset-backed securities, and commercial mortgage-backed securities. This diversified approach allows the fund to offer investors exposure to multiple segments of the fixed income market, with an effective duration reflecting moderate interest rate sensitivity and credit quality in the intermediate core bond category. Notable features include a low expense ratio, monthly dividend distributions, and a high degree of diversification with thousands of underlying holdings. The Northern Bond Index Fund plays a significant role in portfolio construction by serving as a core fixed income holding, aiming to provide capital preservation, income generation, and diversification benefits within a broader investment strategy.
Performance
NOBOX had a total return of -0.80% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.60%.
Top 10 Holdings
8.10% of assets| Name | Symbol | Weight |
|---|---|---|
| Northern Institutional Funds - U.S. Government Portfolio | BNGXX | 2.70% |
| UNITED STATES TSY. 4.625% | T | 0.90% |
| UNITED STATES TSY. 4.25% | T | 0.81% |
| UNITED STATES TSY. 4.375% | T | 0.66% |
| UNITED STATES TSY. 4.00% | T | 0.65% |
| UNITED STATES TSY. 3.875% | T | 0.64% |
| UNITED STATES TSY. 4.50% | T | 0.45% |
| UNITED STATES TSY. 4.625% | T | 0.44% |
| UNITED STATES TSY. 4.625% | T | 0.44% |
| UNITED STATES TSY. 3.875% | T | 0.43% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Aug 25, 2025 | $0.0319 | Aug 25, 2025 |
| Jul 24, 2025 | $0.030 | Jul 24, 2025 |
| Jun 24, 2025 | $0.033 | Jun 24, 2025 |
| May 22, 2025 | $0.0277 | May 22, 2025 |
| Apr 24, 2025 | $0.0307 | Apr 24, 2025 |
| Mar 24, 2025 | $0.0275 | Mar 24, 2025 |