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Morningstar

Northern High Yield Fixed Income NHFIX

Morningstar Medalist Rating
Medalist Rating as of | See Northern Trust Investment Hub
  • NAV / 1-Day Return 5.85  /  −0.34 %
  • Total Assets 2.6 Bil
  • Adj. Expense Ratio
    0.600%
  • Expense Ratio 0.600%
  • Distribution Fee Level Below Average
  • Share Class Type No Load
  • Category High Yield Bond
  • Credit Quality / Interest Rate Sensitivity Low/Limited
  • Min. Initial Investment 2,500
  • Status Open
  • TTM Yield 6.64%
  • Effective Duration 3.29 years

USD | NAV as of Apr 16, 2024 | 1-Day Return as of Apr 16, 2024, 10:15 PM GMT+0

Morningstar’s Analysis NHFIX

Will NHFIX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable NHFIX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the NHFIX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of NHFIX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Strength in Northern High Yield Fixed Income's People Pillar is partially offset by an Average Process Pillar rating, leading to a Morningstar Medalist Rating of Neutral.

null Morningstar Manager Research

Morningstar Manager Research

Summary

The portfolio maintains a sizable cost advantage over competitors, priced within the second-cheapest fee quintile among peers.

by Morningstar Manager Research
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Portfolio Holdings NHFIX

More NHFIX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 5.9
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Northern Institutional US Government

1.42 37.6 Mil
Cash and Equivalents

Tenet Healthcare Corporation 4.375%

0.86 22.7 Mil
Corporate

CCO Holdings, LLC/ CCO Holdings Capital Corp. 5%

0.84 22.3 Mil
Corporate

Royal Caribbean Group 5.5%

0.56 14.9 Mil
Corporate

ALVOGEN PHARMA US TL 4.75% 04/01/2022

0.56 14.7 Mil
Corporate

Venture Global LNG Inc. 8.375%

0.53 14.1 Mil
Corporate

Sirius Xm Radio Inc 3.875%

0.52 13.8 Mil
Corporate

AAdvantage Loyalty IP Ltd/ American Airlines Inc 5.75%

0.52 13.7 Mil
Corporate

NGL Energy Operating LLC/ NGL Energy Finance Corp 8.375%

0.51 13.5 Mil
Corporate

Community Health Systems Incorporated 5.25%

0.49 13.0 Mil
Corporate