Northern Funds Income Equity Fund

Frequently Asked Questions About NOIEX

What does NOIEX invest in?

The fund primarily aims to achieve its investment goals by allocating a minimum of 80% of its net assets to income-generating equity securities, specifically including common and preferred stocks that distribute dividends. A central objective is to provide a robust level of current income, especially when contrasted with other equity-focused mutual funds. Furthermore, the fund has the flexibility to employ derivatives, such as stock index futures, to strategically invest unallocated cash and bolster the portfolio's overall liquidity.

What is the expense ratio of NOIEX?

Northern Funds Income Equity Fund (NOIEX) charges an expense ratio of 0.49%. This is the annual fee deducted from fund assets to cover management and operations.

What is NOIEX's dividend yield?

NOIEX's trailing-twelve-month yield is 7.01%, calculated from the sum of dividends over the past year divided by the current price.

How big is NOIEX?

Northern Funds Income Equity Fund (NOIEX) manages $323.8M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is NOIEX actively managed or an index fund?

NOIEX's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.

When was NOIEX launched?

Northern Funds Income Equity Fund (NOIEX) launched in March 1994 and is managed by Northern Trust / FlexShares.