About NMIEX
The Northern Active M International Equity Fund is an actively managed mutual fund dedicated to seeking long-term capital appreciation by investing primarily in equity securities of companies domiciled outside the United States. Employing a distinctive multi-manager approach, the fund combines complementary investment strategies from a broad range of portfolio managers, aiming to achieve robust risk-adjusted returns and broad diversification. Its portfolio includes companies of varying market capitalizations, with a primary focus on developed international markets and a benchmark alignment similar to the MSCI World ex USA IM Index.
The fund is notable for its factor-neutral approach, carefully balancing exposures such as size, value, and momentum, while manager selection is guided by rigorous multi-factor screening, quantitative optimization, and in-depth qualitative due diligence. Its holdings span major global sectors, including healthcare, industrials, technology, and consumer cyclicals, with significant allocations to regions such as the United Kingdom, Japan, France, and Germany. Designed for investors seeking diversification beyond domestic equities and with a higher risk tolerance, the Northern Active M International Equity Fund plays a significant role in offering global growth potential and portfolio diversification within the international equities landscape.
Fund Family Northern Funds
Category Foreign Large Blend
Performance Rating High
Risk Rating Above Average
Stock Exchange NASDAQ
Ticker Symbol NMIEX
Index MSCI World ex USA IMI NR
NMIEX had a total return of 22.93% in the past year, including dividends. Since the fund's
inception, the average annual return has been 5.24%.
