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Northern High Yield Fixed Income (NHFIX)


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Northern High Yield Fixed Income

Northern Funds50 South LasalleChicago, IL 60607
800-595-9111
Management Information
Richard J. Inzunza,Lead Manager since August 26, 2007
Richard Inzunza, CFA, is a Senior Vice President and Director of High Yield Taxable Fixed Income at The Northern Trust Company, Chicago. Mr. Inzunza rejoined Northern Trust in August 2007 after serving as a senior fundamental analyst at Vanderbilt Capital Advisors from April 2007, focusing on absolute return strategies in bond and derivative markets. From December 2004 to 2007, he was a senior analyst at Northern Trust covering high yield and investment grade credits. Prior to joining Northern Trust, Mr. Inzunza was a senior analyst for Principal Global Investors in London, England and was responsible for credits trading in Euro, Sterling and U.S. dollars. Mr. Inzunza was previously senior analyst for Principal Global Investors in the high yield and distressed markets. He also spent several years in municipal finance and accounting. Mr. Inzunza holds an M.B.A. in finance from the William E. Simon School of Business Administration at the University of Rochester and a B.S. in Business Administration: Accounting from the California State University at Los Angeles. Mr. Inzunza is a CFA charterholder. He is a member of the CFA Society of Chicago and the CFA Society of the UK.
Morningstar Style Box
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Morningstar Category
While the investment objective stated in a fund's prospectus may or may not reflect how the fund actually invests, the Morningstar category is assigned based on the underlying securities in each portfolio. Morningstar categories help investors and investment professionals make meaningful comparisons between funds. The categories make it easier to build well-diversified portfolios, assess potential risk, and identify top-performing funds. We place funds in a given category based on their portfolio statistics and compositions over the past three years. If the fund is new and has no portfolio history, we estimate where it will fall before giving it a more permanent category assignment. When necessary, we may change a category assignment based on recent changes to the portfolio.

Fund Overview

CategoryHigh Yield Bond
Fund FamilyNorthern Funds
Net Assets4.41B
YTD Return3.49%
Yield5.82%
Morningstar Rating★★★
Inception DateDec 30, 1998

Fund Operations

Last Dividend0.04
Last Cap Gain0.00
Holdings Turnover80.15%
Average for CategoryN/A

Fees & Expenses

ExpenseNHFIXCategory Average
Annual Report Expense Ratio (net)0.80%1.06%
Prospectus Net Expense Ratio0.81%N/A
Prospectus Gross Expense Ratio0.82%N/A
Max 12b1 FeeN/AN/A
Max Front End Sales LoadN/A4.08%
Max Deferred Sales LoadN/A1.76%
3 Yr Expense Projection261N/A
5 Yr Expense Projection454N/A
10 Yr Expense Projection1,013N/A