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    Northern High Yield Fixed Income (NHFIX)

    7.04 Down 0.01(0.14%) Jan 30

    Profile as of Dec 30, 2014Get Profile for:
    Northern High Yield Fixed Income
    Northern Funds50 South LasalleChicago, IL 60607
    Map
    Phone: 800-595-9111
    Fund Overview 
    Category:High Yield Bond
    Fund Family:Northern Funds
    Net Assets:4.81B
    Year-to-Date Return:2.05%
    Yield:6.04%
    Morningstar Rating:3 stars
    Fund Inception Date:Dec 31, 1998
    Morningstar Style Box 
    High Yield Bond
    [View Category Definition]
    View Top High Yield Bond Funds
    About the Morningstar Style Box
    Management Information 
    Richard J. Inzunza
    Lead Manager since Aug 27, 2007
    Richard J. Inzunza, CFA, is a Vice President at The Northern Trust Company, Chicago. He is Senior Fixed Income Portfolio Manager. Mr. Inzunza rejoined Northern Trust in August 2007 after serving as Senior Fundamental Analyst at Vanderbilt Capital Advisors since April 2007. There he focused on absolute return strategies in bond and derivative markets. From December 2004 to 2007, he was a Senior Fixed Income Research Analyst at Northern Trust, covering high yield and investment grade credits. Prior to joining Northern Trust, Mr. Inzunza was a Senior Analyst in the high yield and distressed markets for Principal Global Investors in London, England. He was also responsible for credits trading in Euro, Sterling and US dollars. Previously, he spent several years in municipal finance and accounting. Mr. Inzunza received his M.B.A. in Finance from the William E. Simon Graduate School of Business Administration at the University of Rochester and a B.S. in Business Administration in Accounting from the California State University at Los Angeles. Mr. Inzunza is a CFA charter holder and a member of the CFA Institute, the CFA Society of Chicago and the United Kingdom Society of Investment Professionals.
    Investment Information 
    Min Initial Investment:2,500
    Min Initial Investment, IRA:500
    Min Initial Investment, AIP:250
    Min Subsequent Investment:50
    Min Subsequent Investment, IRA:50
    Min Subsequent Investment, AIP:50
    NHFIX can be purchased from 105 brokerages.

    Fund Summary 
    The investment seeks a high level of current income. The fund invests at least 80% of its net assets in lower quality bonds and other fixed-income securities (commonly referred to as "junk bonds"). Lower rated securities tend to offer higher yields than higher rated securities with similar maturities. It may invest a portion of its assets in securities of higher quality. During temporary defensive periods, the fund may invest all of its assets in securities of higher quality. Although the fund primarily invests in the debt obligations of domestic issuers, it may make limited investments in the securities of foreign issuers.

    Fund Operations 
    Last Dividend (Dec 17, 2014) : 0.03
    Last Cap Gain : 0.00
    Annual Holdings Turnover (Jan 27, 2015) : 94.10%
    Average for Category:68.46%
    Fees & Expenses 
    ExpenseNHFIXCategory Avg
    Annual Report Expense Ratio (net):0.78%1.06%
    Prospectus Net Expense Ratio:0.81%N/A
    Prospectus Gross Expense Ratio:0.82%N/A
    Max 12b1 Fee:N/AN/A
    Max Front End Sales Load:N/A4.14%
    Max Deferred Sales Load: N/A2.13%
    3 Yr Expense Projection*:261532
    5 Yr Expense Projection*:454836
    10 Yr Expense Projection*:1,0131,719
    * Per $10,000 invested