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 managed assets worth over $1.1 trillion as of Jun 30, 2018 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 18,100 employees worldwide and is based in about 23 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 three top-ranked 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 High Yield Fixed Income Fund (NHFIX - Free Report) seeks high growth of income. NHFIX invests a large portion of its assets in fixed-income securities, including lower quality bonds. The fund invests mainly in those low-rated securities that provide yields better than high-rated securities with a similar maturity level. Northern High Yield Fixed Income Fund has one-year annualized returns of 3.6%.
Richard J. Inzunza has been one of the fund managers of NHFIX since 2007.
Northern Large Cap Value (NOLVX - Free Report) invests a large chunk of its assets in securities of those large-cap companies, whose market-cap is similar to those present on the Russell 1000 Value Index. The fund seeks capital growth for the long run. Northern Large Cap Value has one-year annualized returns of 7.4%.
NOLVX has an expense ratio of 0.58% compared with a category average of 1.02%.
Northern Active M International Equity (NMIEX - Free Report) seeks to offer appreciation of capital for the long run. NMIEX invests a huge part of its assets in equity securities of companies based outside the United States. The fund uses a multi-manager investment strategy. NMIEX invests around 40% of its assets in companies based in emerging markets. Northern Active M International Equity has one-year annualized returns of 9.7%.
As of June 2018, NMIEX held 452 issues, with 1.53% of its assets invested in Canadian Pacific Railway Ltd.
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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