Morningstar

Northern Multi-Manager High Yield Opportunity Fund NMHYX

Morningstar Medalist Rating
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Medalist Rating as of See Northern Trust Investment Hub
  • NAV / 1-Day Return $8.01  /  0.00
  • Fund Size $126.8M
  • Adjusted Expense Ratio 0.690%
  • Net Expense Ratio 0.680%
  • Fee Level: Distribution Below Average
  • Share Class Type No Load
  • Morningstar Category High Yield Bond
  • Fixed-Income Style Box (Funds) Low/Limited
  • Minimum Initial Investment $2,500
  • Investment Status Open
  • TTM Yield 7.29%
  • Average Effective Duration 3.03 yrs
NAV and 1-Day Return as of

Morningstar’s Analysis NMHYX

Will NMHYX outperform in the 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.

null Morningstar Automated Analysis

Morningstar Automated Analysis

Summary

Northern Multi-Manager Hi Yld Opp holds a quantitatively derived Neutral Morningstar Medalist Rating. The rating suggests the model does not express a clear expectation of outperformance or underperformance relative to peers over a full market cycle.

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Portfolio Holdings NMHYX

More NMHYX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 10.3
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Northern Institutional US Government

3.43 5M
Cash and Equivalents

Reaall Cmn Stock Cmn Sto

2.84 4M
—

Specialty Stl Holdco Inc 12%

1.87 2M
Corporate

RECV EQIX IBOXHY INDEX

0.95 1M
—

1261229 Bc Ltd. 10%

0.84 1M
Corporate

Athenahealth Group Inc. 6.5%

0.75 995,607
Corporate

Baffinland Iron Mines Corporation and Baffinland Iron Mines LP 8.75%

0.72 965,700
Corporate

Meridian Arc Holdco LLC 6.25%

0.67 896,420
Corporate

Surgery Center Holdings, Inc. 7.25%

0.66 882,596
Corporate

HUB International Ltd. 7.375%

0.52 699,003
Corporate

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