Northern Fixed Income Fund (NOFIX)
| Fund Assets | 277.68M |
| Expense Ratio | 0.45% |
| Min. Investment | $2,500 |
| Turnover | 127.85% |
| Dividend (ttm) | 0.40 |
| Dividend Yield | 4.50% |
| Dividend Growth | 1.61% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jun 30, 2026 |
| Previous Close | 8.85 |
| YTD Return | -0.14% |
| 1-Year Return | 3.86% |
| 5-Year Return | -3.99% |
| 52-Week Low | 8.83 |
| 52-Week High | 9.14 |
| Beta (5Y) | 0.28 |
| Holdings | 324 |
| Inception Date | Apr 1, 1994 |
About NOFIX
The Northern Fixed Income Fund is an actively managed mutual fund focused on providing total return through both capital appreciation and income. Its primary mandate is to invest in domestic, investment-grade fixed income securities, maintaining an average maturity typically between three and fifteen years. The fund also has the flexibility to include a limited allocation to securities from foreign issuers and select non-investment-grade assets. Using a relative value investment strategy, the management team leverages quantitative models to assess and compare expected returns alongside associated risks, strategically emphasizing asset classes such as U.S. Treasuries, government agency bonds, asset-backed, mortgage-related, and corporate bonds. This fund plays a significant role for investors seeking a greater degree of current income than what is generally available from U.S. government-only funds, while assuming a moderate increase in risk. It serves as a diversification tool within broader fixed income portfolios and appeals to those interested in a core bond holding. The fund is managed by an experienced team at Northern Trust, drawing on extensive global expertise in fixed income markets.
Performance
NOFIX had a total return of 3.86% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.94%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jun 30, 2026 | $0.0316 | Jun 30, 2026 |
| May 26, 2026 | $0.0357 | May 26, 2026 |
| Apr 23, 2026 | $0.0322 | Apr 23, 2026 |
| Mar 24, 2026 | $0.0305 | Mar 24, 2026 |
| Feb 24, 2026 | $0.0329 | Feb 24, 2026 |
| Jan 26, 2026 | $0.0425 | Jan 26, 2026 |