Overview Of Northern Fixed Income Fund (NOFIX)

Northern Fixed Income (NOFIX) a Zacks Ranked #1 (Strong Buy) was created in April 1994 and is co-managed by Northern Trust Investments and Northern Trust Global Investments (Europe) Limited. NOFIX seeks a high level of current income. NOFIX's approach is to invest in a broad range of investment-grade municipal instruments with an average maturity of 10 and 30 years. In seeking high current income, NOFIX invests a lion’s share of its net assets in bonds and other fixed income securities. Although NOFIX invests primarily in investment grade domestic debt obligations, NOFIX may make limited investments in the securities of foreign issuers and securities that are below investment grade (junk bonds).

The Northern Fixed Income, managed by Northern, carries an expense ratio of 0.45. Moreover, NOFIX requires a minimal initial investment of $2,500.

NOFIX has a history of positive total returns for over 10 years. Specifically, the fund’s returns over the 1, 3, 5 year benchmarks; 1 year 2.62%, 3 year 3.27%, and 5 year 4.66%. To see how this fund performed compared in its category, please click here .

NOFIX’s performance, as of the last filing, when compared to funds in its category was in the top 20% in 1 year, top 29% over the past 3 years, and in the 27% over the past 5 years.