U.S. GOVERNMENT SELECT MONEY MARKET FUND
Fund
NOSXX
Price as of:
$1.00
- $0.00
- 0.00%
Primary Theme
fund company
Name
As of 12/11/2024Price
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
5.1%
1 yr return
5.1%
3 Yr Avg Return
3.4%
5 Yr Avg Return
2.2%
Net Assets
$692 M
Holdings in Top 10
57.0%
52 WEEK LOW AND HIGH
$1.0
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 0.36%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover N/A
Redemption Fee N/A
Min Investment
Standard (Taxable)
$2,500
IRA
$500
Fund Classification
Fund Type
Money Market Fund
Name
As of 12/11/2024Price
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
NOSXX - Profile
Distributions
- YTD Total Return 5.1%
- 3 Yr Annualized Total Return 3.4%
- 5 Yr Annualized Total Return 2.2%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 0.23%
- Dividend Yield 4.3%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameU.S. GOVERNMENT SELECT MONEY MARKET FUND
-
Fund Family NameNorthern Trust
-
Inception DateDec 12, 2094
-
Shares OutstandingN/A
-
Share ClassOther
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerManagement Team
Fund Description
The Fund seeks to achieve its objective by investing, under normal circumstances, substantially all (and at least 99.5%) of its total assets in cash, securities issued or guaranteed as to principal or interest by the U.S. government, its agencies, instrumentalities, or sponsored enterprises, and repurchase agreements that are fully collateralized by cash or government securities. Subject to the foregoing 99.5% investment strategy requirement, under normal circumstances, the Fund will seek to invest at least 50% of its net assets in the following securities that pay interest that generally is exempt from state income taxation:
∎ | U.S. Treasury bills; |
∎ | U.S. Treasury notes; |
∎ | U.S. Treasury STRIPS; |
∎ | securities issued by the Federal Home Loan Bank (FHLB); |
∎ | securities issued by the Federal Farm Credit Bank (FFCB); and |
∎ | securities issued by the Tennessee Valley Authority. |
The Fund, under normal circumstances, will invest at least 80% of its net assets (plus the amount of any borrowings for investment purposes) in U.S. government securities and repurchase agreements collateralized solely by U.S. government securities. Repurchase agreements are agreements in which the Fund may agree to purchase portfolio securities from financial institutions subject to the seller’s agreement to repurchase them at a mutually agreed upon date and price.
The Fund operates as a “government money market fund” under Rule 2a‑7 of the Investment Company Act of 1940, as amended. As a “government money market fund” under Rule 2a‑7, the Fund (1) is permitted to use the amortized cost method of valuation to seek to maintain a stable net asset value (“NAV”) of $1.00 share price, and (2) is not required to impose a liquidity fee on fund redemptions that might apply to other types of money market funds. The Fund may invest in shares of other government money market funds.
The Securities and Exchange Commission (“SEC”) imposes strict requirements on the investment quality, maturity, diversification and liquidity of the Fund’s investments.
Accordingly, the Fund invests in U.S. dollar-denominated securities with a remaining maturity of no more than 397 days
(with certain exceptions permitted by applicable regulations). The Fund maintains a dollar-weighted average portfolio maturity of no more than 60 calendar days, and a dollar-weighted average portfolio maturity as determined without exceptions regarding certain interest rate adjustments under Rule 2a‑7 of no more than 120 calendar days. The Fund will limit its investments to “eligible securities” as defined by applicable regulations at the time of acquisition (e.g., government securities, shares of other money market funds, and securities that present minimal credit risks as determined by NTI, pursuant to guidelines approved by the Fund’s Board of Trustees). The Fund may invest in variable and floating rate instruments. The Fund’s investment adviser may consider, among other things, credit, interest rate and prepayment risks as well as general market conditions when deciding whether to buy or sell investments for the Fund. The Fund will generally hold a portion of its assets in cash to accommodate anticipated redemptions.
NOSXX - Performance
Return Ranking - Trailing
Period | NOSXX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 5.1% | 0.5% | 10.4% | 45.43% |
1 Yr | 5.1% | 0.5% | 10.4% | 48.48% |
3 Yr | 3.4%* | 0.7% | 5.4% | 69.87% |
5 Yr | 2.2%* | 0.5% | 3.3% | 55.56% |
10 Yr | 1.4%* | 0.4% | 32.5% | 40.00% |
* Annualized
Return Ranking - Calendar
Period | NOSXX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 0.0% | -0.1% | 5.0% | 26.65% |
2022 | 0.0% | 0.0% | 1.2% | 27.27% |
2021 | 0.0% | 0.0% | 0.0% | 27.47% |
2020 | 0.0% | 0.0% | 0.4% | 27.71% |
2019 | 0.0% | 0.0% | 2.0% | 27.67% |
Total Return Ranking - Trailing
Period | NOSXX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 5.1% | 0.5% | 10.4% | 45.43% |
1 Yr | 5.1% | 0.5% | 10.4% | 48.48% |
3 Yr | 3.4%* | 0.7% | 5.4% | 69.87% |
5 Yr | 2.2%* | 0.5% | 3.3% | 55.56% |
10 Yr | 1.4%* | 0.4% | 32.5% | 40.00% |
* Annualized
Total Return Ranking - Calendar
Period | NOSXX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 4.7% | 0.8% | 5.9% | 78.93% |
2022 | 1.3% | 0.0% | 1.7% | 44.94% |
2021 | 0.2% | 0.0% | 1.9% | 1.37% |
2020 | 0.4% | 0.0% | 3.0% | 37.65% |
2019 | 1.9% | 0.0% | 3797.9% | 47.48% |
NAV & Total Return History
NOSXX - Holdings
Concentration Analysis
NOSXX | Category Low | Category High | NOSXX % Rank | |
---|---|---|---|---|
Net Assets | 692 M | 818 K | 211 B | 41.83% |
Number of Holdings | 115 | 1 | 346 | 22.33% |
Net Assets in Top 10 | 2.13 B | 147 K | 163 B | 66.50% |
Weighting of Top 10 | 56.96% | 22.7% | 100.0% | 67.09% |
Top 10 Holdings
- Triparty Federal Reserve Bank Of 42.38%
- Triparty Federal Reserve Bank Of 42.38%
- Triparty Federal Reserve Bank Of 42.38%
- Triparty Federal Reserve Bank Of 42.38%
- Triparty Federal Reserve Bank Of 42.38%
- Triparty Federal Reserve Bank Of 42.38%
- Triparty Federal Reserve Bank Of 42.38%
- Triparty Federal Reserve Bank Of 42.38%
- Triparty Federal Reserve Bank Of 42.38%
- Triparty Federal Reserve Bank Of 42.38%
Asset Allocation
Weighting | Return Low | Return High | NOSXX % Rank | |
---|---|---|---|---|
Cash | 68.28% | 25.56% | 100.00% | 81.19% |
Bonds | 31.72% | 0.00% | 74.44% | 17.82% |
Stocks | 0.00% | 0.00% | 0.00% | 26.98% |
Preferred Stocks | 0.00% | 0.00% | 0.00% | 26.98% |
Other | 0.00% | -1.67% | 0.04% | 27.23% |
Convertible Bonds | 0.00% | 0.00% | 21.22% | 32.43% |
Bond Sector Breakdown
Weighting | Return Low | Return High | NOSXX % Rank | |
---|---|---|---|---|
Cash & Equivalents | 68.28% | 0.00% | 100.00% | 78.96% |
Government | 31.72% | 0.00% | 44.01% | 16.34% |
Derivative | 0.00% | 0.00% | 0.00% | 26.98% |
Securitized | 0.00% | 0.00% | 1.75% | 29.21% |
Corporate | 0.00% | 0.00% | 100.00% | 40.84% |
Municipal | 0.00% | 0.00% | 22.71% | 31.68% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | NOSXX % Rank | |
---|---|---|---|---|
US | 31.72% | 0.00% | 72.86% | 17.82% |
Non US | 0.00% | 0.00% | 3.41% | 28.47% |
NOSXX - Expenses
Operational Fees
NOSXX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.36% | 0.07% | 2.23% | 49.01% |
Management Fee | 0.33% | 0.03% | 0.50% | 90.10% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.01% | 0.55% | 54.21% |
Sales Fees
NOSXX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 5.75% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 4.00% | N/A |
Trading Fees
NOSXX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 5.00% | 5.00% | N/A |
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.
NOSXX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | N/A | 0.00% | 485.00% | N/A |
NOSXX - Distributions
Dividend Yield Analysis
NOSXX | Category Low | Category High | NOSXX % Rank | |
---|---|---|---|---|
Dividend Yield | 4.32% | 0.00% | 5.42% | 42.82% |
Dividend Distribution Analysis
NOSXX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
NOSXX | Category Low | Category High | NOSXX % Rank | |
---|---|---|---|---|
Net Income Ratio | 0.23% | -1.09% | 1.67% | 0.51% |
Capital Gain Distribution Analysis
NOSXX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Nov 29, 2024 | $0.004 | OrdinaryDividend |
Oct 31, 2024 | $0.004 | OrdinaryDividend |
Sep 30, 2024 | $0.004 | OrdinaryDividend |
Aug 31, 2024 | $0.004 | OrdinaryDividend |
Jul 31, 2024 | $0.004 | OrdinaryDividend |
Apr 30, 2024 | $0.004 | OrdinaryDividend |
Mar 28, 2024 | $0.004 | OrdinaryDividend |
Feb 29, 2024 | $0.004 | OrdinaryDividend |
Jan 31, 2024 | $0.004 | OrdinaryDividend |
Dec 29, 2023 | $0.004 | OrdinaryDividend |
Oct 31, 2023 | $0.004 | OrdinaryDividend |
Sep 29, 2023 | $0.004 | OrdinaryDividend |
Aug 31, 2023 | $0.004 | OrdinaryDividend |
Jul 31, 2023 | $0.004 | OrdinaryDividend |
Jun 30, 2023 | $0.004 | OrdinaryDividend |
May 31, 2023 | $0.004 | OrdinaryDividend |
Apr 28, 2023 | $0.004 | OrdinaryDividend |
Mar 31, 2023 | $0.004 | OrdinaryDividend |
Feb 28, 2023 | $0.003 | OrdinaryDividend |
Jan 31, 2023 | $0.003 | OrdinaryDividend |
Dec 30, 2022 | $0.003 | OrdinaryDividend |
Nov 30, 2022 | $0.003 | OrdinaryDividend |
Oct 31, 2022 | $0.002 | OrdinaryDividend |
Sep 30, 2022 | $0.002 | OrdinaryDividend |
Aug 31, 2022 | $0.001 | OrdinaryDividend |
Jul 29, 2022 | $0.001 | OrdinaryDividend |
Jun 30, 2022 | $0.001 | OrdinaryDividend |
May 31, 2022 | $0.000 | OrdinaryDividend |
Apr 29, 2022 | $0.000 | OrdinaryDividend |
Mar 31, 2022 | $0.000 | OrdinaryDividend |
Aug 31, 2021 | $0.002 | OrdinaryDividend |
Jan 31, 2021 | $0.000 | OrdinaryDividend |
Jul 31, 2020 | $0.000 | OrdinaryDividend |
Jun 30, 2020 | $0.000 | OrdinaryDividend |
May 29, 2020 | $0.000 | OrdinaryDividend |
Apr 30, 2020 | $0.000 | OrdinaryDividend |
Mar 31, 2020 | $0.001 | OrdinaryDividend |
Feb 28, 2020 | $0.001 | OrdinaryDividend |
Jan 31, 2020 | $0.001 | OrdinaryDividend |
Dec 31, 2019 | $0.001 | OrdinaryDividend |
Nov 29, 2019 | $0.001 | OrdinaryDividend |
Oct 31, 2019 | $0.001 | OrdinaryDividend |
Sep 30, 2019 | $0.002 | OrdinaryDividend |
Aug 30, 2019 | $0.002 | OrdinaryDividend |
Jul 31, 2019 | $0.002 | OrdinaryDividend |