3 / 5 Stars
3 3 1 3 2
Zacks Investment Research
Standard & Poor's
3 / 5 Stars
#60 in High Yield Bond
U.S. News evaluated 168 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 8.70 percent over the past year, and 7.93 percent over the past three years.
|Trailing Returns||Updated 10.31.2013|
|Year to date||6.0%|
|3 Years (Annualized)||7.9%|
|5 Years (Annualized)||N/A|
|10 Years (Annualized)||N/A|
The investment seeks total return consisting of a combination of income and capital appreciation. The fund invests at least 80% of its net assets in bonds and other fixed-income securities that are rated below investment grade (commonly referred to as "junk bonds"). It utilizes a "multi-manager" approach whereby the fund's assets are allocated to one or more sub-advisers, in percentages determined at the discretion of the Investment Advisers. Although the fund primarily invests in the debt obligations of domestic issuers, it may invest in fixed-income securities of foreign issuers, including issuers located in emerging market countries.
Fees are Above Average compared to funds in the same category.
Northern Multi-Manager High Yield Opportunity Fund has an expense ratio of 0.97 percent.
Risk is Above Average compared to funds in the same category according to Morningstar.