INTERNATIONAL EQUITY FUND
Fund
NOIGX
Price as of:
$9.87
+ $0.01
+ 0.10%
Primary Theme
fund company
Name
As of 04/18/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
0.6%
1 yr return
8.4%
3 Yr Avg Return
3.3%
5 Yr Avg Return
5.0%
Net Assets
$136 M
Holdings in Top 10
14.1%
52 WEEK LOW AND HIGH
$9.9
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 0.65%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 41.96%
Redemption Fee 2.00%
Min Investment
Standard (Taxable)
$2,500
IRA
$500
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 04/18/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
NOIGX - Profile
Distributions
- YTD Total Return 0.6%
- 3 Yr Annualized Total Return 3.3%
- 5 Yr Annualized Total Return 5.0%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 2.91%
- Dividend Yield 5.8%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameINTERNATIONAL EQUITY FUND
-
Fund Family NameNorthern Trust
-
Inception DateApr 01, 2094
-
Shares OutstandingN/A
-
Share ClassOther
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerMark Sodergren
Fund Description
In seeking long-term capital appreciation, the Fund will invest, under normal circumstances, at least 80% of its net assets in equity securities. Under normal circumstances, the Fund will invest significantly (at least 40%) in the securities of companies that are located, headquartered, incorporated or otherwise organized outside of the United States. These companies generally have market capitalizations in excess of $1 billion. The Fund may invest up to 25% of its total assets in emerging market countries (i.e., those that are generally in the early stages of their industrial cycles).
The Fund’s investment strategy attempts to create a portfolio with similar risk, style, capitalization and industry characteristics as the MSCI World® ex USA Index with the potential to provide excess returns by allowing the Fund to hold a portion, but not all of the securities in the MSCI World ex USA Index. In managing the Fund, NTI attempts to achieve the Fund’s objective by overweighting those stocks that it believes will outperform the MSCI World ex USA Index and underweighting (or excluding entirely) those stocks that it believes will underperform the MSCI World ex USA Index. The Fund seeks to accomplish this goal by employing a strategy that uses statistics and advanced econometric methods to evaluate fundamental and quantifiable stock or firm characteristics (such as relative valuation, price momentum and earnings quality). The characteristics are combined to create a proprietary multifactor quantitative stock selection model that generates stock specific forecasts that are used along with controls intended to manage risk to determine security weightings.
The Fund may use derivatives such as stock index futures contracts to equitize cash and enhance portfolio liquidity. NTI will normally sell a security that it believes is no longer attractive based upon the evaluation criteria described above.
From time to time the Fund may have a focused investment (i.e., investment exposure comprising more than 15% of its total assets) in one or more particular sectors, countries or geographic regions. As of March 31, 2023, the Fund had focused investments in the financials and industrials sectors and in Japan.
NTI may engage in active trading, and will not consider portfolio turnover a limiting factor in making decisions for the Fund.
MSCI Inc. does not endorse any of the securities in the MSCI World ex USA Index. It is not a sponsor of the International Equity Fund and is not affiliated with the Fund in any way.
NOIGX - Performance
Return Ranking - Trailing
| Period | NOIGX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 0.6% | -5.1% | 6.2% | 50.31% |
| 1 Yr | 8.4% | -5.4% | 17.1% | 37.42% |
| 3 Yr | 3.3%* | -5.8% | 72.7% | 34.39% |
| 5 Yr | 5.0%* | -0.5% | 44.1% | 54.95% |
| 10 Yr | 3.0%* | -1.0% | 21.2% | 50.00% |
* Annualized
Return Ranking - Calendar
| Period | NOIGX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 12.4% | 1.0% | 26.9% | 56.62% |
| 2022 | -14.3% | -27.8% | 166.1% | 64.89% |
| 2021 | 11.5% | -66.6% | 64.4% | 11.15% |
| 2020 | -4.0% | -23.1% | 17.3% | 75.00% |
| 2019 | 12.3% | 4.4% | 31.6% | 77.05% |
Total Return Ranking - Trailing
| Period | NOIGX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 0.6% | -5.1% | 6.2% | 50.31% |
| 1 Yr | 8.4% | -5.4% | 17.1% | 37.42% |
| 3 Yr | 3.3%* | -5.8% | 72.7% | 34.39% |
| 5 Yr | 5.0%* | -0.5% | 44.1% | 54.95% |
| 10 Yr | 3.0%* | -1.0% | 21.2% | 50.00% |
* Annualized
Total Return Ranking - Calendar
| Period | NOIGX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 19.0% | 5.4% | 31.0% | 36.92% |
| 2022 | -11.8% | -19.9% | 344.3% | 71.79% |
| 2021 | 15.1% | -0.2% | 75.3% | 17.52% |
| 2020 | 1.6% | -20.4% | 18.9% | 58.33% |
| 2019 | 16.6% | 11.2% | 32.1% | 70.55% |
NAV & Total Return History
NOIGX - Holdings
Concentration Analysis
| NOIGX | Category Low | Category High | NOIGX % Rank | |
|---|---|---|---|---|
| Net Assets | 136 M | 2.04 M | 46.7 B | 79.27% |
| Number of Holdings | 219 | 2 | 3900 | 23.17% |
| Net Assets in Top 10 | 18.9 M | 485 K | 14 B | 90.24% |
| Weighting of Top 10 | 14.08% | 0.2% | 100.0% | 93.58% |
Top 10 Holdings
- Shell PLC ORD EUR0.07 2.06%
- Roche Holdings AG GENUSSCHEINE NPV 1.51%
- ABB Ltd. CHF0.12 1.47%
- Novartis AG CHF0.49 1.46%
- Banco Bilbao Vizcaya Argentaria, S.A. EUR0.49 1.33%
- BNP Paribas SA EUR2 1.31%
- Canadian Natural Resources Limited COM NPV 1.30%
- ASML Holding N.V. EUR0.09 1.24%
- ITOCHU Corp. NPV 1.23%
- L'Oreal S.A. EUR0.20 1.17%
Asset Allocation
| Weighting | Return Low | Return High | NOIGX % Rank | |
|---|---|---|---|---|
| Stocks | 96.00% | 0.99% | 104.06% | 72.26% |
| Other | 2.12% | -1.99% | 38.17% | 10.98% |
| Preferred Stocks | 1.81% | 0.00% | 4.99% | 10.98% |
| Cash | 0.35% | 0.00% | 99.01% | 87.50% |
| Convertible Bonds | 0.00% | 0.00% | 0.15% | 13.72% |
| Bonds | 0.00% | 0.00% | 73.30% | 18.29% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | NOIGX % Rank | |
|---|---|---|---|---|
| Financial Services | 18.01% | 0.00% | 42.76% | 67.38% |
| Industrials | 14.94% | 1.03% | 36.79% | 37.54% |
| Healthcare | 11.77% | 0.00% | 23.28% | 38.77% |
| Consumer Cyclical | 10.12% | 0.00% | 27.46% | 43.69% |
| Consumer Defense | 9.77% | 0.00% | 31.84% | 31.69% |
| Technology | 8.45% | 0.00% | 24.16% | 29.23% |
| Basic Materials | 8.28% | 0.00% | 30.76% | 55.69% |
| Energy | 6.72% | 0.00% | 26.59% | 49.54% |
| Communication Services | 5.47% | 0.00% | 22.75% | 68.31% |
| Utilities | 3.42% | 0.00% | 27.46% | 44.92% |
| Real Estate | 3.05% | 0.00% | 17.06% | 20.31% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | NOIGX % Rank | |
|---|---|---|---|---|
| Non US | 94.29% | 0.00% | 100.56% | 31.10% |
| US | 1.71% | 0.00% | 100.00% | 67.99% |
NOIGX - Expenses
Operational Fees
| NOIGX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.65% | 0.01% | 7.03% | 83.54% |
| Management Fee | 0.47% | 0.00% | 1.25% | 14.98% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.03% | 0.47% | 62.71% |
Sales Fees
| NOIGX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 3.50% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| NOIGX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | 2.00% | 0.25% | 2.00% | 16.67% |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| NOIGX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 41.96% | 2.00% | 158.16% | 49.30% |
NOIGX - Distributions
Dividend Yield Analysis
| NOIGX | Category Low | Category High | NOIGX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 5.76% | 0.00% | 14.05% | 15.29% |
Dividend Distribution Analysis
| NOIGX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annual | Quarterly | Quarterly |
Net Income Ratio Analysis
| NOIGX | Category Low | Category High | NOIGX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 2.91% | 0.18% | 7.85% | 28.93% |
Capital Gain Distribution Analysis
| NOIGX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 21, 2023 | $0.568 | OrdinaryDividend |
| Dec 15, 2022 | $0.256 | OrdinaryDividend |
| Dec 16, 2021 | $0.326 | OrdinaryDividend |
| Dec 17, 2020 | $0.535 | OrdinaryDividend |
| Dec 19, 2019 | $0.365 | OrdinaryDividend |
| Dec 20, 2018 | $0.229 | OrdinaryDividend |
| Dec 21, 2017 | $0.124 | OrdinaryDividend |
| Dec 15, 2016 | $0.133 | OrdinaryDividend |
| Dec 17, 2015 | $0.167 | OrdinaryDividend |
| Dec 19, 2014 | $0.354 | OrdinaryDividend |
| Dec 20, 2013 | $0.149 | OrdinaryDividend |
| Dec 19, 2012 | $0.138 | OrdinaryDividend |
| Dec 19, 2011 | $0.126 | OrdinaryDividend |
| Dec 21, 2010 | $0.124 | OrdinaryDividend |
| Dec 21, 2009 | $0.176 | OrdinaryDividend |
| Dec 20, 2005 | $0.089 | OrdinaryDividend |
| Dec 20, 2004 | $0.058 | OrdinaryDividend |
| Dec 18, 2003 | $0.024 | OrdinaryDividend |
| Dec 19, 2002 | $0.053 | OrdinaryDividend |
| Dec 20, 2000 | $0.031 | OrdinaryDividend |
| Dec 26, 1996 | $0.069 | OrdinaryDividend |
| Dec 19, 1995 | $0.198 | OrdinaryDividend |
| Dec 27, 1994 | $0.125 | OrdinaryDividend |
NOIGX - Fund Manager Analysis
Managers
Mark Sodergren
Start Date
Tenure
Tenure Rank
Jan 01, 2017
5.41
5.4%
Mark Sodergren is a Senior Vice President at The Northern Trust Company, Chicago. He is a Senior Portfolio Manager and Researcher in the Quantitative Active Team responsible for research and implementation of several quantitative equity strategies. Prior to joining Northern, Mark was a Portfolio Manager at Barclays Global Investors focused on active US large cap strategies. Mark spent 6 years at Citigroup Asset Management as a portfolio manager and researcher focused on both active international and domestic portfolios. Mark received his B.A. degree in Quantitative Economic and Decision Sciences from University of California, San Diego and an M.B.A from the University of Chicago. Mark is a CFA Charterholder.
Michael Hunstad
Start Date
Tenure
Tenure Rank
Jul 31, 2019
2.84
2.8%
Michael Hunstad is the Head of Quantitative Strategies at Northern Trust. Prior to joining Northern Trust, Mike was head of research at Breakwater Capital, a proprietary trading firm and hedge fund. Other roles include head of quantitative asset allocation at Allstate Investments, LLC and quantitative analyst with a long-short equity hedge fund. Michael holds a PhD in applied mathematics from the Illinois Institute of Technology, an MBA from Purdue University and a BS from Northern State University. He is also finishing a second PhD in economics at the University of Illinois at Chicago.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.2 | 29.68 | 7.65 | 0.54 |