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Mutual Fund Commentary

Northern Trusts is one of the major asset management companies, providing a variety of investment solutions and strategies to both individuals and institutions. The company manages assets worth over $946 billion (as of September 30, 2016) based on assets raised in the country. It comprises investment professionals with experience of more than 15 years. The company generally focuses on those funds that have long-term performance. Moreover, all the Northern funds bear no sales load which makes them strong investment choices for those seeking low cost funds.

Below we share with you four top-rated Northern mutual funds. Each has earned a Zacks Mutual Fund Rank #1 (Strong Buy) and is expected to outperform its peers in the future. Investors can click here to see the complete list of Northern funds and view their Zacks Rank and past performance.

Northern Active M Emerging Market Equity (NMMEX - Free Report) seeks capital growth for the long run. NMMEX invests the bulk of its assets in securities of companies based in frontier and emerging markets. The fund generally uses a “multi-manager” approach. Northern Active M Emerging Market Equity has five-year annualized returns of 1.8%.

NMMEXhas an expense ratio of 1.35% compared to the category average of 1.52%.

Northern AZ Tax-Exempt (NOAZX - Free Report) invests the majority of its assets in debt securities whose interest income is free from federal income tax. NOAZX seeks to offer high level of income which is exempted from not only federal income tax but also from Arizona State personal income tax. The fund’s maturity period normally ranges from 10 to 30 years. Northern AZ Tax-Exempt has one-year annualized returns of 3.4%.

Eric Boeckmann is the fund manager of NOAZX since 1999.

Northern Small Cap Core (NSGRX - Free Report) seeks appreciation of capital for the long run. NSGRX invests more than 80% of its assets in common stocks of small-cap companies. Basically, small-cap companies are those whose market-cap falls within the range of the Russell 2000 Index. Northern Small Cap Core has five-year annualized returns of 15.8%.

NSGRXhas an expense ratio of 0.75% compared to the category average of 1.26%.

Northern High Yield Muni (NHYMX - Free Report) invests more than 65% of its assets in high-yield bonds or “junk bonds” or in those debt instruments that are of upper medium or medium quality. NHYMX seeks to provide income by investing in municipal bonds, which are free from federal income tax. Northern High Yield Muni has five-year annualized returns of 5.1%.

As of September 2016, NHYMX held 196 issues, with 1.08% of its assets invested in Ohio St Wtr Dev Auth 5%.

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 and view their Zacks Rank and past performance.

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