Northern Funds Income Equity Fund
NOIEX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Income
- Address
- Northern Funds Chicago IL United States of America 60603
- IPO Date
- Mar 31, 1994
- CIK
- 0000916620
- Website
- ntam.northerntrust.com
- Similar Companies
- Business
- Northern Income Equity Fund (NOIEX) is an open-end mutual fund managed by Northern Trust Investments, Inc., that seeks a high level of current income relative to other equity mutual funds, with long-term capital appreciation as a secondary objective; it invests primarily in income-producing U.S. equity securities of large-cap companies using a multi-factor quantitative process that screens for high-quality stocks based on proprietary quality scores, dividend yield, and growth prospects to construct a conservative, broadly diversified portfolio; the fund may employ derivatives such as stock index futures to equitize cash and enhance liquidity, and it occasionally holds high-grade fixed-income securities, preferred securities, or cash equivalents. As part of the Northern Funds family, distributed by Northern Funds Distributors, LLC and advised within Northern Trust Asset Management—a division of Northern Trust Corporation, founded in 1889 and headquartered in Chicago, Illinois—the fund targets moderate-risk investors seeking elevated income alongside modest capital growth potential; it operates in the large value equity segment (Morningstar category), with approximately 98.8% U.S. stock exposure across sectors like technology (33.3%), financial services (10.7%), healthcare (10.5%), communication services (10.2%), and consumer cyclical (9.3%), serving retail and institutional investors primarily in the United States with total net assets of about $225-281 million, a net expense ratio of 0.49%, and a minimum initial investment of $2,500. Launched on March 31, 1994, the fund is co-managed by Jeffrey Sampson (since July 2017), Reed LeMar (since July 2017), and Sridhar Kancharla (since July 2018), maintaining a turnover rate of around 78% and benchmarked against the Russell 1000 Value Index. In recent developments, the fund's quarterly commentary for Q3 2025 noted outperformance relative to its benchmark despite allocation detractors from higher-dividend stocks, with positive contributions from stock selection in health care and consumer discretionary sectors amid U.S. economic resilience and labor market shifts; Northern Trust Asset Management has expanded strategic relationships, including providing fund administration, depositary, and banking services for Partners Group's first UK Long-Term Asset Fund (LTAF) in May 2025 and Brandes Investment Partners' new Australian fund in September 2025, alongside support for European Long-Term Investment Funds (ELTIFs) in 2024, reflecting broader operational enhancements in global fund services without direct changes to NOIEX structure, share classes, or investment strategy.