Northern High Yield Fixed Income Fund
NHFIX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Income
- Address
- Northern Funds Chicago IL United States of America 60603
- IPO Date
- Dec 31, 1998
- CIK
- 0000916620
- Website
- ntam.northerntrust.com
- Similar Companies
- Business
- Northern High Yield Fixed Income Fund (NHFIX) is an open-end mutual fund that seeks a high level of current income, with secondary consideration for capital appreciation, by investing at least 80% of its net assets in lower-quality, high-yielding fixed-income securities commonly known as high-yield or junk bonds, including below-investment grade corporate debt rated BB or lower; these primarily comprise fixed- and floating-rate bonds, asset-backed securities, mortgage-backed securities, and other non-investment grade instruments selected for relative value based on extensive credit research to manage default risk and downside volatility through broad diversification. The fund maintains an effective duration of approximately 2.8 years, average maturity of 6.3 years, and a portfolio of around 551 holdings, with top allocations in U.S. bonds (81%), non-U.S. bonds (15%), and cash equivalents (3%), targeting sectors such as healthcare and energy while limiting interest-rate sensitivity. It is available to U.S. investors with a minimum initial investment of $2,500, no front-end or deferred loads, a net expense ratio of 0.61% (including waivers through July 31, 2026), and a maximum 2% redemption fee. Launched on December 31, 1998, as part of Northern Funds distributed by Northern Funds Distributors, LLC and advised by Northern Trust Investments, Inc., a subsidiary of Northern Trust Corporation (founded 1889 and headquartered in Chicago, Illinois), the fund operates under Northern Lights Fund Trust, with administrative offices in Cincinnati, Ohio. Portfolio management recently transitioned with Ben McCubbin appointed on July 31, 2024, and Sau Mui added on March 20, 2025, leveraging Northern Trust Asset Management's team of 58 fixed-income professionals averaging 21 years of experience across North America, Europe, and Asia. The fund's total net assets stand at approximately $2.63 billion, positioning it as a significant player in the high-yield bond category.