Northern High Yield Fixed Income Fund (NHFIX)
| Fund Assets | 2.12B |
| Expense Ratio | 0.61% |
| Min. Investment | $2,500 |
| Turnover | 40.19% |
| Dividend (ttm) | 0.42 |
| Dividend Yield | 6.98% |
| Dividend Growth | 1.90% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jun 30, 2026 |
| Previous Close | 6.06 |
| YTD Return | 1.78% |
| 1-Year Return | 5.96% |
| 5-Year Return | 12.77% |
| 52-Week Low | 5.97 |
| 52-Week High | 6.18 |
| Beta (5Y) | 0.35 |
| Holdings | 540 |
| Inception Date | Dec 31, 1998 |
About NHFIX
Northern High Yield Fixed Income Fund is an actively managed mutual fund focused on delivering a high level of current income by investing primarily in below‑investment‑grade corporate bonds and other high‑yield securities. The strategy emphasizes broad diversification across issuers and industries and relies on in‑depth credit research to assess relative value, manage downside risk, and minimize defaults within the speculative‑grade universe. The portfolio typically maintains substantial exposure to lower‑rated credits (BB and below), aligning with the high‑yield bond category while targeting a moderate interest‑rate sensitivity profile. Managed by a seasoned fixed income team within Northern Trust Asset Management, the fund’s process combines bottom‑up security selection with risk controls to balance income generation against credit volatility. In the high‑yield segment, it can play a role as a core income sleeve or a diversifier within multi‑asset or fixed income allocations, offering potential incremental yield over investment‑grade bonds in exchange for higher credit risk. Morningstar classifies it within the High Yield Bond category and notes cost competitiveness relative to peers.
Performance
NHFIX had a total return of 5.96% in the past year, including dividends. Since the fund's inception, the average annual return has been 5.16%.
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jun 30, 2026 | $0.034 | Jun 30, 2026 |
| May 26, 2026 | $0.0382 | May 26, 2026 |
| Apr 23, 2026 | $0.0348 | Apr 23, 2026 |
| Mar 24, 2026 | $0.0315 | Mar 24, 2026 |
| Feb 24, 2026 | $0.0332 | Feb 24, 2026 |
| Jan 26, 2026 | $0.0443 | Jan 26, 2026 |