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4 Top-Rated Northern Mutual Funds to Add to Your Portfolio
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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 $942 billion (as of December 31, 2016) based on assets raised in the country. It comprises investment professionals with experience of more than 15 years.
Founded in 1889, Northern Trusts at present has 16,500 employees worldwide and is based in about 20 global locations. The company generally focuses on those funds that have long-term performance. Moreover, all the Northern funds bear low sales load which makes them strong investment choices for those seeking low cost funds.
Northern Global Tactical Asset Allocation (BBALX - Free Report) seeks to provide growth of capital and income for the long run. BBALX generally invests its assets in exchange-traded funds or underlying funds, which are usually managed by Northern Trust Investments, Inc.Northern Global Tactical Asset Allocation returned 10.8% over the last one-year period.
Daniel Phillips is one of the fund managers of BBALX since 2011.
Northern Multi-Manager High Yield Opportunities (NMHYX - Free Report) invests a bulk of its assets in various fixed-income securities, including bonds which are rate lower than investment grade. The adviser of the fund uses a "multi-manager" approach. NMHYX seeks appreciation of income and capital in the long term. The fund invests its assets in fixed-income securities of not only in domestic companies, but also in foreign companies based in emerging markets. Northern Multi-Manager High Yield Opportunitiesreturned 15.5% over the last one-year period.
NMHYX has an expense ratio of 0.90% compared with the category average of 1.07%.
Northern Large Cap Core (NOLCX - Free Report) seeks capital appreciation for the long run. NOLCX invests the lion’s share of its assets in equity securities of large-cap companies listed on the S&P 500 Index. Northern Large Cap Core returned 14.4% over the last one-year period.
As of December 2016, NOLCX held 135 issues, with 3.13% of its total assets invested in Apple Inc.
Northern Small Cap Core (NSGRX - Free Report) 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. NSGRX seeks appreciation of capital in the long run. Northern Small Cap Core returned 25% over the last one-year period.
NSGRX has an expense ratio of 0.75% compared to the category average of 1.22%.
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4 Top-Rated Northern Mutual Funds to Add to Your Portfolio
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 $942 billion (as of December 31, 2016) based on assets raised in the country. It comprises investment professionals with experience of more than 15 years.
Founded in 1889, Northern Trusts at present has 16,500 employees worldwide and is based in about 20 global locations. The company generally focuses on those funds that have long-term performance. Moreover, all the Northern funds bear low 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 Global Tactical Asset Allocation (BBALX - Free Report) seeks to provide growth of capital and income for the long run. BBALX generally invests its assets in exchange-traded funds or underlying funds, which are usually managed by Northern Trust Investments, Inc.Northern Global Tactical Asset Allocation returned 10.8% over the last one-year period.
Daniel Phillips is one of the fund managers of BBALX since 2011.
Northern Multi-Manager High Yield Opportunities (NMHYX - Free Report) invests a bulk of its assets in various fixed-income securities, including bonds which are rate lower than investment grade. The adviser of the fund uses a "multi-manager" approach. NMHYX seeks appreciation of income and capital in the long term. The fund invests its assets in fixed-income securities of not only in domestic companies, but also in foreign companies based in emerging markets. Northern Multi-Manager High Yield Opportunitiesreturned 15.5% over the last one-year period.
NMHYX has an expense ratio of 0.90% compared with the category average of 1.07%.
Northern Large Cap Core (NOLCX - Free Report) seeks capital appreciation for the long run. NOLCX invests the lion’s share of its assets in equity securities of large-cap companies listed on the S&P 500 Index. Northern Large Cap Core returned 14.4% over the last one-year period.
As of December 2016, NOLCX held 135 issues, with 3.13% of its total assets invested in Apple Inc.
Northern Small Cap Core (NSGRX - Free Report) 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. NSGRX seeks appreciation of capital in the long run. Northern Small Cap Core returned 25% over the last one-year period.
NSGRX has an expense ratio of 0.75% compared to the category average of 1.22%.
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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