We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Founded in 1889, Northern Trusts manages assets worth more than $160 billion (as of Sep 30, 2019) based on assets raised in the country. The company generally focuses on funds that have a long-term performance goal. Moreover, all the Northern funds bear no sales load, making them strong investment choices for those seeking low-cost funds.
Northern Trusts is one of the major asset management companies, providing a variety of investment solutions and strategies to both individuals and institutions. It comprises investment professionals with experience of more than 15 years. At present, the company has more than 20 branches globally with around 18,800 employees.
Below we focus on three top-ranked Northern mutual funds. Each has earned a Zacks Mutual Fund Rank #1 (Strong Buy) and is expected to outperform peers. Investors can click here to see the complete list of Northern funds.
Northern Short Bond Fund (BSBAX - Free Report) aims at maximizing total return with minimum reasonable risk. The fund invests the majority of its assets in bonds and other fixed-income securities. BSBAX mostly invests in investment grade domestic debt obligations, but may also invest in obligations of foreign issuers and junk bonds. BSBAX has three-year annualized returns of 2.3%.
Mousumi Chinara is the fund manager of BSBAX since 2019.
Northern Arizona Tax-Exempt Fund (NOAZX - Free Report) seeks to offer a high current income exempted from regular federal income tax and Arizona State personal income tax. The fund does so by investing in municipal instruments. The non-diversified fund invests the majority of its assets in debt instruments that pay interest exempted from regular federal income tax and in instruments that provide income exempted from Arizona State personal income tax. NOAZX has three-year annualized returns of 4.5%.
NOAZX has an expense ratio of 0.47% compared with the category average of 0.86%.
Northern Large Cap Value Fund (NOLVX - Free Report) invests a large chunk of its assets in securities of those large-cap companies, which have market cap similar to the ones present on the Russell 1000 Value Index. The fund seeks capital growth for the long run. NOLVX has three-year annualized returns of 8.9%.
As of September 2019, NOLVX held 140 issues, with 3.92% of its assets invested in Procter & Gamble Co
Image: Bigstock
3 Northern Mutual Funds for a Winning Portfolio
Founded in 1889, Northern Trusts manages assets worth more than $160 billion (as of Sep 30, 2019) based on assets raised in the country. The company generally focuses on funds that have a long-term performance goal. Moreover, all the Northern funds bear no sales load, making them strong investment choices for those seeking low-cost funds.
Northern Trusts is one of the major asset management companies, providing a variety of investment solutions and strategies to both individuals and institutions. It comprises investment professionals with experience of more than 15 years. At present, the company has more than 20 branches globally with around 18,800 employees.
Below we focus on three top-ranked Northern mutual funds. Each has earned a Zacks Mutual Fund Rank #1 (Strong Buy) and is expected to outperform peers. Investors can click here to see the complete list of Northern funds.
Northern Short Bond Fund (BSBAX - Free Report) aims at maximizing total return with minimum reasonable risk. The fund invests the majority of its assets in bonds and other fixed-income securities. BSBAX mostly invests in investment grade domestic debt obligations, but may also invest in obligations of foreign issuers and junk bonds. BSBAX has three-year annualized returns of 2.3%.
Mousumi Chinara is the fund manager of BSBAX since 2019.
Northern Arizona Tax-Exempt Fund (NOAZX - Free Report) seeks to offer a high current income exempted from regular federal income tax and Arizona State personal income tax. The fund does so by investing in municipal instruments. The non-diversified fund invests the majority of its assets in debt instruments that pay interest exempted from regular federal income tax and in instruments that provide income exempted from Arizona State personal income tax. NOAZX has three-year annualized returns of 4.5%.
NOAZX has an expense ratio of 0.47% compared with the category average of 0.86%.
Northern Large Cap Value Fund (NOLVX - Free Report) invests a large chunk of its assets in securities of those large-cap companies, which have market cap similar to the ones present on the Russell 1000 Value Index. The fund seeks capital growth for the long run. NOLVX has three-year annualized returns of 8.9%.
As of September 2019, NOLVX held 140 issues, with 3.92% of its assets invested in Procter & Gamble Co
To view the Zacks Rank and past performance of all Northern mutual funds, investors can click here to see the complete list of Northern funds.
Want key mutual fund info delivered straight to your inbox?
Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing mutual funds, each week. Get it free >>