Northern Multi-Manager High Yield Opportunity Fund

Class No Load (NMHYX)
Scorecard
3 / 5 Stars
Lipper
3 3 1 3 1
Zacks Investment Research
3 (Hold)
Standard & Poor's
3 / 5 Stars
TheStreet.com
C- (Hold)

#77 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.

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Performance

The fund has returned 7.19 percent over the past year, and 7.81 percent over the past three years.

Trailing Returns Updated 02.28.2014
Year to date 2.7%
1 Year 7.2%
3 Years (Annualized) 7.8%
5 Years (Annualized) N/A
10 Years (Annualized) N/A

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Summary

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

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.

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Risk

Risk is Above Average compared to funds in the same category according to Morningstar.

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