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Morningstar

Northern Multi-Manager Hi Yld Opp NMHYX

Morningstar Medalist Rating
Medalist Rating as of | See Northern Trust Investment Hub
  • NAV / 1-Day Return 8.41  /  +0.12 %
  • Total Assets 178.3 Mil
  • Adj. Expense Ratio
    0.680%
  • Expense Ratio 0.680%
  • 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 7.39%
  • Effective Duration 2.85 years

USD | NAV as of Jul 27, 2024 | 1-Day Return as of Jul 27, 2024, 12:04 AM GMT+0

Morningstar’s Analysis NMHYX

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

  • People Pillar

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

Strength in Northern Multi-Manager Hi Yld Opp's Process Pillar is partially offset by an Average People 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-lowest fee quintile among peers.

by Morningstar Manager Research
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Portfolio Holdings NMHYX

More NMHYX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 11.0
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Northern Institutional US Government

4.17 7.4 Mil
Cash and Equivalents

Reaall Cmn Stock

2.12 3.7 Mil
—

Specialty Stl Holdco Inc 15.38986%

1.41 2.5 Mil
Corporate

HUB International Ltd. 7.375%

1.38 2.4 Mil
Corporate

Century Aluminum Company 7.5%

1.11 2.0 Mil
Corporate

Baffinland Iron Mines Corporation and Baffinland Iron Mines LP 8.75%

1.05 1.9 Mil
Corporate

Surgery Center Holdings, Inc. 7.25%

0.96 1.7 Mil
Corporate

New Star Metals

0.86 1.5 Mil
—

Raising Canes Restaurants LLC 9.375%

0.77 1.4 Mil
Corporate

Oscar AcquisitionCo LLC & Oscar Finance Inc. 9.5%

0.69 1.2 Mil
Corporate