Northern High Yield Fixed Income Fund

Frequently Asked Questions About NHFIX

What does NHFIX invest in?

The fund will commit at least 80% of its total net assets to high-yield debt instruments, commonly referred to as "junk bonds," and other lower-rated fixed-income securities. These below-investment grade securities are characterized by ratings of BB, Ba, or inferior from a Nationally Recognized Statistical Rating Organization (NRSRO), or by unrated instruments judged to be of comparable credit quality by the fund's investment adviser.

What is the expense ratio of NHFIX?

Northern High Yield Fixed Income Fund (NHFIX) charges an expense ratio of 0.61%. This is the annual fee deducted from fund assets to cover management and operations.

What is NHFIX's dividend yield?

NHFIX's trailing-twelve-month yield is 7.21%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of NHFIX?

Effective duration measures NHFIX's sensitivity to interest-rate changes: a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. NHFIX's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of NHFIX?

NHFIX's credit quality breakdown (the share of holdings rated AAA through CCC and below) is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.

What is the yield to maturity of NHFIX?

Yield to maturity (YTM) is the total return you'd earn from NHFIX if every bond in the portfolio is held to maturity at the current price. NHFIX's YTM is published on the fund's factsheet on the issuer's website. It differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.