# Northern High Yield Municipal Fund (NHYMX): Mutual Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/nhymx for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: Northern Trust / FlexShares · Asset class: Bond - Strategy: Actively Managed · Inception: 1998-12-31 This fund primarily allocates its investments to municipal debt instruments. Under normal conditions, at least 65% of its net assets will be in municipal bonds, which can be low-quality (often called "junk bonds"), medium-quality, or upper-medium-quality. Additionally, the fund is committed to investing a minimum of 80% of its net assets in debt securities that provide interest income exempt from standard federal income tax. ## Key Facts | Metric | Value | |---|---| | Price | $7.32 | | Expense Ratio | 0.59% | | Assets Under Management | $356.1M | | NAV | $7.32 | | Holdings Count | — | | Distribution Yield (TTM) | — | | Annual Distribution (TTM) | — /share | | Distribution Frequency | Monthly | | 52-Week Range | $7.29 – $7.65 | | Beta | 1.32 | ## Latest Distribution - Amount: $0.0163 /share - Ex-date: 2025-01-23 - Pay date: — ## Frequently Asked Questions ### What does NHYMX invest in? This fund primarily allocates its investments to municipal debt instruments. Under normal conditions, at least 65% of its net assets will be in municipal bonds, which can be low-quality (often called "junk bonds"), medium-quality, or upper-medium-quality. Additionally, the fund is committed to investing a minimum of 80% of its net assets in debt securities that provide interest income exempt from standard federal income tax. ### What is the expense ratio of NHYMX? Northern High Yield Municipal Fund (NHYMX) charges an expense ratio of 0.59%. This is the annual fee deducted from fund assets to cover management and operations. ### What is the duration of NHYMX? Effective duration measures NHYMX's sensitivity to interest-rate changes: a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. NHYMX's current duration is published on the fund's factsheet on the issuer's website. ### What is the credit quality of NHYMX? NHYMX'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 NHYMX? Yield to maturity (YTM) is the total return you'd earn from NHYMX if every bond in the portfolio is held to maturity at the current price. NHYMX'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. ### How big is NHYMX? Northern High Yield Municipal Fund (NHYMX) manages $356.1M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation. ### Does NHYMX pay a dividend? Northern High Yield Municipal Fund (NHYMX) currently distributes little or no income. Trailing-twelve-month yield is —. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does NHYMX pay dividends? Northern High Yield Municipal Fund pays dividends Monthly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is NHYMX's dividend yield? NHYMX's trailing-twelve-month yield is —, calculated from the sum of dividends over the past year divided by the current price. ### When is NHYMX's next ex-dividend date? The most recently announced ex-dividend date for NHYMX was 2025-01-23. The next ex-date typically follows Monthly; once announced it appears at the top of the dividend history table on this page. ### How much will NHYMX's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.59% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does NHYMX charge its expense ratio? The expense ratio is deducted in tiny daily slices from NHYMX's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does NHYMX cost more than a fund like VOO? NHYMX is actively managed (current expense ratio 0.59%). Active funds charge more than passive index trackers in exchange for the manager's discretion to over- or under-weight positions. The Cost Verdict card above tells you whether NHYMX's fee is competitive for the active-management cohort. ### Are there cheaper alternatives to NHYMX? The Lower-Fee Alternatives card above lists mutual funds following the same investment strategy as NHYMX (0.59%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/nhymx - Distribution history: https://www.dividenddata.com/funds/nhymx/dividend - Holdings & diversification: https://www.dividenddata.com/funds/nhymx/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/nhymx/expenses - Peer comparison: https://www.dividenddata.com/funds/nhymx/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.