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.
Fund Family Northern Funds
Category Intermediate Core Bond
Performance Rating Average
Risk Rating Average
Stock Exchange Nasdaq
Ticker Symbol NOBOX
Index Bloomberg U.S. Aggregate Bond TR
NOBOX had a total return of -2.49% in the past year, including dividends. Since the fund's
inception, the average annual return has been 2.47%.
