Founded in 1889, Northern Trusts managed assets worth more than $1.2 trillion as of Jun 30, 2021, based on assets raised in the country. The company generally focuses on funds that have a long-term performance goal. Moreover, the Northern funds do not bear a 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 its peers. Investors can click here to see the complete list of Northern funds.
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 by investing in municipal instruments. The 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 3.8%.
As of the end of September 2021, NOAZX held 142 issues, with 3% of its assets invested in MARICOPA CNTY ARIZ INDL DEV AUTH HOSP REV 5%.
Northern Multi-Manager High Yield Opportunity Fund (NMHYX - Free Report) seeks total return that consists of a combination of income and capital appreciation. The fund invests the lion's share of its assets in bonds and other fixed-income securities rated below investment grade, also known as junk bonds. NMHYX has returned 5.7% over the past three years.
NMHYX has an expense ratio of 0.86% compared with the category average of 0.95%.
Northern Large Cap Core Fund (NOLCX - Free Report) seeks capital appreciation for the long run. The fund invests the lion's share of its assets in equity securities of large-cap domestic companies that may also include non-U.S. large-capitalization companies traded in the United States. NOLCX has returned 13.4% over the past three years.
Mark C. Sodergren is the fund manager of NOLCX since 2011.
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.
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Founded in 1889, Northern Trusts managed assets worth more than $1.2 trillion as of Jun 30, 2021, based on assets raised in the country. The company generally focuses on funds that have a long-term performance goal. Moreover, the Northern funds do not bear a 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 its peers. Investors can click here to see the complete list of Northern funds.
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 by investing in municipal instruments. The 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 3.8%.
As of the end of September 2021, NOAZX held 142 issues, with 3% of its assets invested in MARICOPA CNTY ARIZ INDL DEV AUTH HOSP REV 5%.
Northern Multi-Manager High Yield Opportunity Fund (NMHYX - Free Report) seeks total return that consists of a combination of income and capital appreciation. The fund invests the lion's share of its assets in bonds and other fixed-income securities rated below investment grade, also known as junk bonds. NMHYX has returned 5.7% over the past three years.
NMHYX has an expense ratio of 0.86% compared with the category average of 0.95%.
Northern Large Cap Core Fund (NOLCX - Free Report) seeks capital appreciation for the long run. The fund invests the lion's share of its assets in equity securities of large-cap domestic companies that may also include non-U.S. large-capitalization companies traded in the United States. NOLCX has returned 13.4% over the past three years.
Mark C. Sodergren is the fund manager of NOLCX since 2011.
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 >>
Only $1 to See All Zacks' Buys and Sells
We're not kidding.
Several years ago, we shocked our members by offering them 30-day access to all our picks for the total sum of only $1. No obligation to spend another cent.
Thousands have taken advantage of this opportunity. Thousands did not - they thought there must be a catch. Yes, we do have a reason. We want you to get acquainted with our portfolio services like Surprise Trader, Stocks Under $10, Technology Innovators,and more, that closed 228 positions with double- and triple-digit gains in 2023 alone.
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