We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
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.
3 Northern Mutual Funds to Buy for Impressive Returns
Read MoreHide Full Article
Northern mutual funds, which are overseen by the Northern Trust Corporation. As of Sep 30, 2023, these funds have $63.3 billion in assets under management. They offer a variety of investment strategies such as equities, fixed-income securities, cash holdings, real assets and multi asset options. Additionally, all Northern funds do not impose any sales load fees. This feature makes them highly appealing options, for individuals seeking cost investment opportunities.
These funds boast a Zacks Mutual Fund Rank #1 (Strong Buy), have positive year-to-date, three-year, and five-year annualized returns, minimum initial investments within $5000, and carry a low expense ratio compared to the category average. Notably, mutual funds, in general, reduce transaction costs and diversify portfolios without an array of commission charges mostly associated with stock purchases (read more: Mutual Funds: Advantages, Disadvantages, and How They Make Investors Money).
Northern Active M International EquityFund (NMIEX - Free Report) aims to invest most of its net assets in equity securities of issuers listed in developed countries, irrespective of their market capitalization. NMIEX advisors may invest a small portion of the net assets in emerging market equities as well.
Kelly Finegan has been the lead manager of NMIEX since Mar 21, 2023. Most of the fund’s holdings were in companies like Northern Inst Fds US Govt (4.5%), Icon Plc (1.9%) and Aon plc (1.8%) as of Jun 30, 2023.
NMIEX’s 3-year and 5-year annualized returns are 6.6% and 5.3%, respectively. Its net expense ratio is 0.85% compared with the category average of 0.92%. NMIEX has a Zacks Mutual Fund Rank #1.
To see how this fund performed compared to its category and other 1 and 2 Ranked Mutual Funds, please click here.
Northern US Quality ESG Fund (NUESX - Free Report) seeks long-term capital appreciation by investing the majority of its net assets along with borrowings, if any, in equity securities of large and mid-cap U.S. companies. NUESX advisors make an investment decision based on the business environment, governance and ratings of third-party vendors.
Peter M. Zymali has been the lead manager of NUESX since Oct 1, 2017. Most of the fund’s holdings were in companies like Apple Inc. (7.5%), Microsoft Corp (7.2%) and Tesla, Inc. (2.9%) as of Jun 30, 2023.
NUESX’s 3-year and 5-year annualized returns are 10.1% and 11%, respectively. Its net expense ratio is 0.39% compared with the category average of 0.84%. NUESX has a Zacks Mutual Fund Rank #1.
Northern Small Cap Core Fund (NSGRX - Free Report) seeks long-term capital appreciation by investing in the equity securities of small-capitalization companies.
Michael R. Hunstad has been the lead manager of NSGRX since Jul 30, 2020. Most of the fund’s holdings were in companies like Northern Inst Fds US Govt (3.5%), Axcelis Technologies, Inc. (0.5%) and EMCOR Group, Inc. (0.4%) as of Jun 30, 2023.
NSGRX’s 3-year and 5-year annualized returns are 7.3% and 4.6%, respectively. Its net expense ratio is 0.59% compared with the category average of 1.03%. NSGRX has a Zacks Mutual Fund Rank #2.
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 >>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
3 Northern Mutual Funds to Buy for Impressive Returns
Northern mutual funds, which are overseen by the Northern Trust Corporation. As of Sep 30, 2023, these funds have $63.3 billion in assets under management. They offer a variety of investment strategies such as equities, fixed-income securities, cash holdings, real assets and multi asset options. Additionally, all Northern funds do not impose any sales load fees. This feature makes them highly appealing options, for individuals seeking cost investment opportunities.
These funds boast a Zacks Mutual Fund Rank #1 (Strong Buy), have positive year-to-date, three-year, and five-year annualized returns, minimum initial investments within $5000, and carry a low expense ratio compared to the category average. Notably, mutual funds, in general, reduce transaction costs and diversify portfolios without an array of commission charges mostly associated with stock purchases (read more: Mutual Funds: Advantages, Disadvantages, and How They Make Investors Money).
Northern Active M International EquityFund (NMIEX - Free Report) aims to invest most of its net assets in equity securities of issuers listed in developed countries, irrespective of their market capitalization. NMIEX advisors may invest a small portion of the net assets in emerging market equities as well.
Kelly Finegan has been the lead manager of NMIEX since Mar 21, 2023. Most of the fund’s holdings were in companies like Northern Inst Fds US Govt (4.5%), Icon Plc (1.9%) and Aon plc (1.8%) as of Jun 30, 2023.
NMIEX’s 3-year and 5-year annualized returns are 6.6% and 5.3%, respectively. Its net expense ratio is 0.85% compared with the category average of 0.92%. NMIEX has a Zacks Mutual Fund Rank #1.
To see how this fund performed compared to its category and other 1 and 2 Ranked Mutual Funds, please click here.
Northern US Quality ESG Fund (NUESX - Free Report) seeks long-term capital appreciation by investing the majority of its net assets along with borrowings, if any, in equity securities of large and mid-cap U.S. companies. NUESX advisors make an investment decision based on the business environment, governance and ratings of third-party vendors.
Peter M. Zymali has been the lead manager of NUESX since Oct 1, 2017. Most of the fund’s holdings were in companies like Apple Inc. (7.5%), Microsoft Corp (7.2%) and Tesla, Inc. (2.9%) as of Jun 30, 2023.
NUESX’s 3-year and 5-year annualized returns are 10.1% and 11%, respectively. Its net expense ratio is 0.39% compared with the category average of 0.84%. NUESX has a Zacks Mutual Fund Rank #1.
Northern Small Cap Core Fund (NSGRX - Free Report) seeks long-term capital appreciation by investing in the equity securities of small-capitalization companies.
Michael R. Hunstad has been the lead manager of NSGRX since Jul 30, 2020. Most of the fund’s holdings were in companies like Northern Inst Fds US Govt (3.5%), Axcelis Technologies, Inc. (0.5%) and EMCOR Group, Inc. (0.4%) as of Jun 30, 2023.
NSGRX’s 3-year and 5-year annualized returns are 7.3% and 4.6%, respectively. Its net expense ratio is 0.59% compared with the category average of 1.03%. NSGRX has a Zacks Mutual Fund Rank #2.
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 >>