Portfolio concentration
As of March 31, 2026 · N-PORT
Holdings
21
Top-10 weight
79.36%
Effective holdings
?
The number of equal-weight positions that would produce this portfolio's concentration (1 ÷ Herfindahl index). A 500-stock fund dominated by a few mega-caps might have only ~100 effective holdings.
12
Crowding
?
The value-weighted average number of funds that also own this fund's positions. High = consensus/crowded picks; low = holdings few other funds own.
13.2
Holdings
As of March 31, 2026 · N-PORT| # | Security | Ticker | Shares | Value | % of fund |
|---|---|---|---|---|---|
| 1 | NORTHERN STOCK INDEX INC | NOSIX | 197,777 | $12.86M | 16.08% |
| 2 | FLEXSHARES TR MORNING | TILT | 46,280 | $11.17M | 13.97% |
| 3 | NORTHERN FIXED INC. FUND | NOFIX | 838,325 | $7.50M | 9.39% |
| 4 | FLEXSHARES TR MORNING | TLTE | 92,428 | $6.21M | 7.77% |
| 5 | ISHARES 3-7 YEAR TSY. BD. | IEI | 47,988 | $5.69M | 7.12% |
| 6 | FLEXSHARES US QUALITY LOW | QLV | 72,722 | $5.23M | 6.54% |
| 7 | FLEXSHARES DEVD. MKTS. EX | QLVD | 154,506 | $5.07M | 6.34% |
| 8 | NF INTL EQUITY INDEX | NOINX | 223,516 | $3.96M | 4.95% |
| 9 | Northern Institutional Funds GOVT PTFL | BNGXX | 3,835,957 | $3.84M | 4.80% |
| 10 | FLEXSHARES TR MORNING | TLTD | 31,908 | $3.00M | 3.75% |
| 11 | ISHARES MBS ETF MUTUAL FUND | MBB | 29,363 | $2.79M | 3.49% |
| 12 | ISHARES 7-10 YEAR TSY. BD | IEF | 22,485 | $2.15M | 2.68% |
| 13 | NORTHERN SMALL CAP C INC | NSCKX | 85,945 | $2.12M | 2.66% |
| 14 | OPTION | TLT | 21,018 | $1.82M | 2.28% |
| 15 | FLEXSHARES STOXX GBL. BRO | NFRA | 25,042 | $1.60M | 2.00% |
| 16 | FLEXSHARES IBOXX 5-YEAR T | TDTF | 64,503 | $1.56M | 1.95% |
| 17 | NORTHERN HIGH YLD. FIXED | NHFIX | 246,309 | $1.48M | 1.85% |
| 18 | FUT. U.S. T-BONDS JUN26 | — | 12 | $1.37M | 1.71% |
| 19 | iShares Expanded Tech-Software Sector ETF | IGV | 16,023 | $1.28M | 1.60% |
| 20 | FlexShares Morningstar Global Upstream Natural Resources Index Fund | GUNR | 10,274 | $566.71K | 0.71% |
| 21 | U.S. Treasury Bills | B | 51,000 | $50.81K | 0.06% |
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