3 / 5 Stars
2 2 1 5 2
Zacks Investment Research
Standard & Poor's
4 / 5 Stars
#48 in High Yield Bond
U.S. News evaluated 174 High Yield Bond Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.
The fund has returned 8.21 percent over the past year, 8.36 percent over the past three years, 13.93 percent over the past five years, and 7.07 percent over the past decade.
|Trailing Returns||Updated 02.28.2014|
|Year to date||2.6%|
|3 Years (Annualized)||8.4%|
|5 Years (Annualized)||13.9%|
|10 Years (Annualized)||7.1%|
The investment seeks a high level of current income. The fund invests at least 80% of its net assets in lower quality bonds and other fixed-income securities (commonly referred to as "junk bonds"). Lower rated securities tend to offer higher yields than higher rated securities with similar maturities. It may invest a portion of its assets in securities of higher quality. During temporary defensive periods, the fund may invest all of its assets in securities of higher quality. Although the fund primarily invests in the debt obligations of domestic issuers, it may make limited investments in the securities of foreign issuers.
Fees are Above Average compared to funds in the same category.
Northern High Yield Fixed Income Fund has an expense ratio of 0.75 percent.
Risk is Below Average compared to funds in the same category according to Morningstar.