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Morningstar

Northern Fixed Income NOFIX

Morningstar Medalist Rating
Medalist Rating as of | See Northern Trust Investment Hub
  • NAV / 1-Day Return 8.64  /  −0.56 %
  • Total Assets 339.0 Mil
  • Adj. Expense Ratio
    0.450%
  • Expense Ratio 0.450%
  • Distribution Fee Level Below Average
  • Share Class Type No Load
  • Category Intermediate Core-Plus Bond
  • Credit Quality / Interest Rate Sensitivity Medium/Moderate
  • Min. Initial Investment 2,500
  • Status Open
  • TTM Yield 3.94%
  • Effective Duration 6.24 years

USD | NAV as of Apr 15, 2024 | 1-Day Return as of Apr 15, 2024, 11:52 PM GMT+0

Morningstar’s Analysis NOFIX

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

  • People Pillar

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

A sound investment process and strong management team underpin Northern Fixed Income's Morningstar Medalist Rating of Bronze.

null Morningstar Manager Research

Morningstar Manager Research

Summary

The portfolio maintains a sizable cost advantage over competitors, priced within the least expensive fee quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings NOFIX

More NOFIX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 18.4
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

United States Treasury Bonds 3.375%

5.89 20.6 Mil
Government

United States Treasury Bonds 4.125%

3.43 12.0 Mil
Government

Northern Institutional US Government

3.02 10.6 Mil
Cash and Equivalents

U.S. Treasury Bond Stripped Principal Payment 0%

2.63 9.2 Mil
Government

United States Treasury Notes 4.125%

1.91 6.7 Mil
Government

United States Treasury Notes 3.875%

1.41 4.9 Mil
Government

Bank of America Corp. 2.687%

0.78 2.7 Mil
Corporate

Highlands Holdings Bond Issuer Limited / Highlands Holdings Bond Co-Issuer

0.61 2.1 Mil
Corporate

Ohio National Financial Services 6.8%

0.58 2.0 Mil
Corporate

Truist Financial Corp. 5.867%

0.58 2.0 Mil
Corporate