# Northern Mid Cap Index Fund (NOMIX): Mutual Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/nomix for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: Northern Trust / FlexShares · Asset class: Commodity - Strategy: Passive Index · Inception: 2005-03-23 The Northern Mid Cap Index Fund aims to allocate a substantial portion—specifically, a minimum of 80%—of its total net assets to equity securities that comprise the S&P MidCap 400® Index. Its strategy involves replicating the index's performance by holding these stocks in proportions that closely mirror their relative weighting within the benchmark. Additionally, the fund may invest in futures contracts based on the S&P MidCap 400 Index, provided these are authorized by the Commodity Futures Trading Commission (CFTC). ## Key Facts | Metric | Value | |---|---| | Price | $23.26 | | Expense Ratio | 0.10% | | Assets Under Management | $2.23B | | NAV | $23.26 | | Holdings Count | — | | Distribution Yield (TTM) | 6.20% | | Annual Distribution (TTM) | $1.44 /share | | Distribution Frequency | Annual | | 52-Week Range | $20.72 – $24.91 | | Beta | 1.05 | ## Latest Distribution - Amount: $1.4423 /share - Ex-date: 2025-12-18 - Pay date: 2025-12-18 ## Frequently Asked Questions ### What does NOMIX invest in? The Northern Mid Cap Index Fund aims to allocate a substantial portion—specifically, a minimum of 80%—of its total net assets to equity securities that comprise the S&P MidCap 400® Index. Its strategy involves replicating the index's performance by holding these stocks in proportions that closely mirror their relative weighting within the benchmark. Additionally, the fund may invest in futures contracts based on the S&P MidCap 400 Index, provided these are authorized by the Commodity Futures Trading Commission (CFTC). ### What is the expense ratio of NOMIX? Northern Mid Cap Index Fund (NOMIX) charges an expense ratio of 0.10%. This is the annual fee deducted from fund assets to cover management and operations. ### How big is NOMIX? Northern Mid Cap Index Fund (NOMIX) manages $2.23B in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation. ### Is NOMIX actively managed or an index fund? NOMIX is a passive index fund. It tracks a published benchmark by holding the constituents in their published weights. Index funds typically charge low expense ratios (NOMIX's is 0.10%) because there's no security selection cost. ### When was NOMIX launched? Northern Mid Cap Index Fund (NOMIX) launched in March 2005 and is managed by Northern Trust / FlexShares. ### How has NOMIX performed? NOMIX's total return (price change plus reinvested distributions) is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon. ### Does NOMIX pay a dividend? Northern Mid Cap Index Fund (NOMIX) currently distributes little or no income. Trailing-twelve-month yield is 6.20%. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does NOMIX pay dividends? Northern Mid Cap Index Fund pays dividends Annual. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is NOMIX's dividend yield? NOMIX's trailing-twelve-month yield is 6.20%, calculated from the sum of dividends over the past year divided by the current price. ### When is NOMIX's next ex-dividend date? The most recently announced ex-dividend date for NOMIX was 2025-12-18. The next ex-date typically follows Annual; once announced it appears at the top of the dividend history table on this page. ### How much will NOMIX's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.10% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does NOMIX charge its expense ratio? The expense ratio is deducted in tiny daily slices from NOMIX's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does NOMIX cost more than a fund like VOO? NOMIX is a passive index fund (current expense ratio 0.10%). Differences from broad-market ETFs like VOO usually come from index licensing fees, asset class (bond funds typically run cheaper than equity), or fund scale (smaller funds spread fixed operating costs across less AUM). ### Are there cheaper alternatives to NOMIX? The Lower-Fee Alternatives card above lists mutual funds following the same investment strategy as NOMIX (0.10%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/nomix - Distribution history: https://www.dividenddata.com/funds/nomix/dividend - Holdings & diversification: https://www.dividenddata.com/funds/nomix/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/nomix/expenses - Peer comparison: https://www.dividenddata.com/funds/nomix/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.