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Name

Price

Aum/Mkt Cap

YIELD & DIV

Exp Ratio

Watchlist

Northern High Yield Fixed Income Fund

NHFIX | Fund

$5.75

$3.65 B

5.68%

$0.33

0.78%

Vitals

YTD Return

-15.1%

1 yr return

-6.2%

3 Yr Avg Return

3.1%

5 Yr Avg Return

3.4%

Net Assets

$3.65 B

Holdings in Top 10

5.7%

52 WEEK LOW AND HIGH

$5.7
$5.63
$6.87

Expenses

OPERATING FEES

Expense Ratio 0.78%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 30.32%

Redemption Fee 2.00%

Min Investment

Standard (Taxable)

$2,500

IRA

$500

Fund Classification

Fund Type

Open End Mutual Fund

Investment Style

High Yield Bond

Name

Price

Aum/Mkt Cap

YIELD & DIV

Exp Ratio

Watchlist

Northern High Yield Fixed Income Fund

NHFIX | Fund

$5.75

$3.65 B

5.68%

$0.33

0.78%

NHFIX - Profile

Distributions

  • YTD Total Return -15.1%
  • 3 Yr Annualized Total Return 3.1%
  • 5 Yr Annualized Total Return 3.4%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 5.17%
DIVIDENDS
  • Dividend Yield 5.7%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Northern High Yield Fixed Income Fund
  • Fund Family Name
    Northern Funds
  • Inception Date
    Dec 31, 1998
  • Shares Outstanding
    N/A
  • Share Class
    No Load
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Eric Williams

Fund Description

The fund will invest at least 80% of its net assets in lower quality bonds and other fixed-income securities (commonly referred to as "junk bonds"). Lower quality or below-investment grade securities are rated BB, Ba or lower by a Nationally Recognized Statistical Rating Organization (“NRSRO”), or unrated securities determined to be of comparable quality by the fund’s investment adviser.

NHFIX - Performance

Return Ranking - Trailing

Period NHFIX Return Category Return Low Category Return High Rank in Category (%)
YTD -15.1% -57.5% 9.6% 79.89%
1 Yr -6.2% -37.5% 44.9% 74.97%
3 Yr 3.1%* -25.4% 17.4% 32.91%
5 Yr 3.4%* -15.8% 13.4% 23.92%
10 Yr 4.8%* 0.4% 9.0% 38.03%

* Annualized

Return Ranking - Calendar

Period NHFIX Return Category Return Low Category Return High Rank in Category (%)
2021 0.0% -47.5% 15.2% 47.98%
2020 0.0% -56.9% 399.1% 49.05%
2019 8.8% -53.7% 226.1% 27.45%
2018 -9.6% -33.7% 2.0% 84.27%
2017 1.3% -9.5% 18.8% 43.76%

Total Return Ranking - Trailing

Period NHFIX Return Category Return Low Category Return High Rank in Category (%)
YTD -15.1% -57.5% 9.6% 75.63%
1 Yr -6.2% -37.5% 52.4% 63.10%
3 Yr 3.1%* -25.4% 16.3% 30.30%
5 Yr 3.4%* -15.8% 12.7% 24.46%
10 Yr 4.8%* 0.4% 9.0% 35.85%

* Annualized

Total Return Ranking - Calendar

Period NHFIX Return Category Return Low Category Return High Rank in Category (%)
2021 0.0% -47.5% 15.2% 47.98%
2020 0.0% -56.9% 399.1% 49.05%
2019 8.8% -53.7% 226.1% 29.41%
2018 -9.6% -33.7% 2.0% 87.80%
2017 1.3% -9.4% 18.8% 58.00%

NAV & Total Return History

NHFIX - Holdings

Concentration Analysis

NHFIX Category Low Category High NHFIX % Rank
Net Assets 3.65 B 1.47 M 26.2 B 13.64%
Number of Holdings 494 2 2736 27.83%
Net Assets in Top 10 209 M -492 M 2.55 B 21.09%
Weighting of Top 10 5.71% 3.0% 100.0% 95.53%

Top 10 Holdings

  1. Bausch Health Companies Inc 5.25% 0.95%
  2. CCO Holdings, LLC/ CCO Holdings Capital Corp. 5% 0.80%
  3. Occidental Petroleum Corporation 6.625% 0.74%
  4. Bass Pro Group Llc Term Loan B 0.70%
  5. Bass Pro Group Llc Term Loan B 0.70%
  6. Bass Pro Group Llc Term Loan B 0.70%
  7. Bass Pro Group Llc Term Loan B 0.70%
  8. Bass Pro Group Llc Term Loan B 0.70%
  9. Bass Pro Group Llc Term Loan B 0.70%
  10. Bass Pro Group Llc Term Loan B 0.70%

Asset Allocation

Weighting Return Low Return High NHFIX % Rank
Bonds 		97.74% 0.00% 154.38% 18.35%
Convertible Bonds 		2.07% 0.00% 17.89% 22.87%
Preferred Stocks 		0.19% 0.00% 14.10% 36.59%
Stocks 		0.00% -0.60% 52.82% 90.38%
Other 		0.00% -63.70% 32.06% 76.87%
Cash 		0.00% -52.00% 100.00% 92.12%

Bond Sector Breakdown

Weighting Return Low Return High NHFIX % Rank
Corporate 		100.00% 0.00% 100.00% 2.93%
Derivative 		0.00% 0.00% 45.95% 75.95%
Cash & Equivalents 		0.00% 0.00% 99.98% 99.36%
Securitized 		0.00% 0.00% 97.24% 83.59%
Municipal 		0.00% 0.00% 1.17% 70.36%
Government 		0.00% 0.00% 99.07% 79.52%

Bond Geographic Breakdown

Weighting Return Low Return High NHFIX % Rank
US 		83.86% 0.00% 150.64% 31.51%
Non US 		13.88% 0.00% 96.17% 36.34%

NHFIX - Expenses

Operational Fees

NHFIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.78% 0.02% 4.67% 53.41%
Management Fee 0.77% 0.00% 1.84% 91.80%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.00% 0.50% 78.31%

Sales Fees

NHFIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 5.75% N/A
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

NHFIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee 2.00% 1.00% 2.00% 20.00%

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

NHFIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 30.32% 1.00% 327.00% 7.49%

NHFIX - Distributions

Dividend Yield Analysis

NHFIX Category Low Category High NHFIX % Rank
Dividend Yield 5.68% 0.00% 30.27% 13.53%

Dividend Distribution Analysis

NHFIX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

NHFIX Category Low Category High NHFIX % Rank
Net Income Ratio 5.17% -2.39% 14.30% 15.83%

Capital Gain Distribution Analysis

NHFIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Dividend Payout History

View More +

NHFIX - Fund Manager Analysis

Managers

Eric Williams

Start Date

Tenure

Tenure Rank

Oct 21, 2016

5.61

5.6%

Mr. Williams joined NTI in January 2010 and has assisted in the management of various fixed income funds

Benjamin Mccubbin

Start Date

Tenure

Tenure Rank

Sep 29, 2020

1.67

1.7%

BENJAMIN J. MCCUBBIN serves as a Fixed Income Associate where he works closely with the Director of Fixed Income Research to manage Howe & Rusling’s fixed income portfolios. Prior to joining Howe & Rusling he worked as an assistant within the fixed income research group at Manning & Napier for two years. Ben graduated from Syracuse University in three years with a bachelor’s degree in finance. Ben has completed level 3 of the CFA.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.13 37.79 7.16 2.92

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