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Morningstar

Northern High Yield Muni NHYMX

Morningstar Medalist Rating
Medalist Rating as of | See Northern Trust Investment Hub
  • NAV / 1-Day Return 6.94  /  0.33 %
  • Total Assets 311.7 Mil
  • Adj. Expense Ratio
    0.580%
  • Expense Ratio 0.580%
  • Distribution Fee Level Average
  • Share Class Type No Load
  • Category High Yield Muni
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 2,500
  • Status Open
  • TTM Yield 4.80%
  • Effective Duration 9.08 years

USD | NAV as of Sep 29, 2023 | 1-Day Return as of Sep 29, 2023, 10:17 PM GMT+0

Morningstar’s Analysis NHYMX

Will NHYMX 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 NHYMX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the NHYMX 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 NHYMX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Northern High Yield Muni's Average People Pillar and Process Pillar ratings result in 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-lowest fee quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings NHYMX

More NHYMX Holdings
  • Current Portfolio Date
  • Equity Holdings 0
  • Bond Holdings 314
  • Other Holdings 1
  • % Assets in Top 10 Holdings 11.4
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Northern Institutional US Government

4.06
14,429,305
Cash and Equivalents

CALIFORNIA MUN FIN AUTH REV 5%

1.43
5,079,214
municipal

MATCHING FD SPL PURP SECURITIZATION CORP VIRGIN IS 5%

1.39
4,930,025
municipal

MASSACHUSETTS ST DEV FIN AGY REV 5%

1.39
4,929,022
municipal

NEW YORK TRANSN DEV CORP SPL FAC REV 5%

1.17
4,143,899
municipal

MAIN STR NAT GAS INC GA GAS SUPPLY REV 5%

1.15
4,096,894
municipal

TARRANT CNTY TEX CULTURAL ED FACS FIN CORP RETIREMENT FAC REV 5%

1.09
3,866,535
municipal

FLORIDA DEV FIN CORP SURFACE TRANSN FAC REV 6.375%

1.09
3,857,665
municipal

LA PAZ CNTY ARIZ INDL DEV AUTH ED FAC LEASE REV 5%

0.96
3,403,265
municipal

OREGON ST 5%

0.90
3,184,529
municipal