Northern High Yield Fixed Income Fund (NHFIX)
The fund will invest at least 80% of its net assets in lower quality bonds and other fixed-income securities (commonly referred to as "junk bonds"). Lower quality or below-investment grade securities are rated BB, Ba or lower by a Nationally Recognized Statistical Rating Organization (NRSRO), or unrated securities determined to be of comparable quality by the fund's investment adviser.
Fund Info
US6651626995
665162699
Dec 31, 1998
$2,500
Expense Ratio
NHFIX features an expense ratio of 0.60%, falling within the medium range.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Northern High Yield Fixed Income Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Northern High Yield Fixed Income Fund had a return of 1.33% year-to-date (YTD) and 10.04% in the last 12 months. Over the past 10 years, Northern High Yield Fixed Income Fund had an annualized return of 4.85%, while the S&P 500 had an annualized return of 11.29%, indicating that Northern High Yield Fixed Income Fund did not perform as well as the benchmark.
NHFIX
1.33%
0.83%
3.98%
10.04%
4.15%
4.85%
^GSPC (Benchmark)
4.22%
2.22%
9.51%
22.46%
12.74%
11.29%
Monthly Returns
The table below presents the monthly returns of NHFIX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 1.33% | 1.33% | |||||||||||
| 2024 | 0.14% | 0.25% | 1.20% | -1.14% | 1.23% | 1.10% | 1.90% | 1.63% | 1.51% | -0.75% | 1.26% | -0.54% | 8.03% |
| 2023 | 4.29% | -1.18% | 0.88% | 1.12% | -1.35% | 1.79% | 1.62% | 0.58% | -1.23% | -1.47% | 4.49% | 3.85% | 13.95% |
| 2022 | -2.25% | -0.69% | -0.88% | -3.51% | -0.78% | -6.64% | 5.11% | -1.67% | -4.04% | 2.76% | 1.95% | -0.68% | -11.25% |
| 2021 | 0.56% | 0.59% | 0.42% | 1.14% | 0.34% | 1.19% | 0.02% | 0.58% | 0.12% | -0.29% | -1.08% | 1.80% | 5.48% |
| 2020 | -0.03% | -1.87% | -14.53% | 4.47% | 5.98% | 1.29% | 4.86% | 1.28% | -1.45% | 0.02% | 5.33% | 2.31% | 6.06% |
| 2019 | 4.85% | 1.98% | 0.96% | 1.75% | -1.45% | 2.28% | 0.81% | 0.13% | 0.63% | 0.20% | 0.17% | 2.74% | 15.96% |
| 2018 | 0.99% | -0.81% | -0.94% | 0.64% | -0.22% | 0.24% | 1.09% | 0.64% | 0.67% | -1.88% | -1.55% | -2.68% | -3.82% |
| 2017 | 1.55% | 1.08% | 0.16% | 1.26% | 0.35% | -0.17% | 1.63% | -0.07% | 1.10% | 0.76% | -0.23% | 0.67% | 8.38% |
| 2016 | -1.97% | -0.90% | 3.67% | 2.39% | 0.16% | 0.32% | 2.21% | 2.03% | 0.70% | 0.61% | -0.16% | 2.06% | 11.56% |
| 2015 | 0.06% | 2.32% | -0.25% | 1.17% | 0.52% | -1.37% | -0.18% | -1.68% | -2.14% | 2.77% | -1.35% | -2.55% | -2.82% |
| 2014 | 0.64% | 1.94% | 0.51% | 0.61% | 1.16% | 0.86% | -1.09% | 1.15% | -2.15% | 1.49% | -0.71% | -3.71% | 0.55% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 94, NHFIX is among the top 6% of mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Northern High Yield Fixed Income Fund (NHFIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Northern High Yield Fixed Income Fund provided a 6.65% dividend yield over the last twelve months, with an annual payout of $0.41 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.41 | $0.40 | $0.39 | $0.39 | $0.36 | $0.37 | $0.42 | $0.41 | $0.46 | $0.41 | $0.42 | $0.46 |
Dividend yield | 6.65% | 6.66% | 6.56% | 6.91% | 5.35% | 5.44% | 6.17% | 6.62% | 6.69% | 6.04% | 6.40% | 6.55% |
Monthly Dividends
The table displays the monthly dividend distributions for Northern High Yield Fixed Income Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.04 | $0.00 | $0.04 | ||||||||||
| 2024 | $0.04 | $0.04 | $0.03 | $0.03 | $0.03 | $0.04 | $0.03 | $0.04 | $0.03 | $0.03 | $0.04 | $0.03 | $0.40 |
| 2023 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 | $0.39 |
| 2022 | $0.04 | $0.06 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.39 |
| 2021 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.36 |
| 2020 | $0.04 | $0.04 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.37 |
| 2019 | $0.04 | $0.04 | $0.03 | $0.04 | $0.03 | $0.04 | $0.03 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.42 |
| 2018 | $0.04 | $0.03 | $0.04 | $0.03 | $0.04 | $0.04 | $0.03 | $0.03 | $0.04 | $0.03 | $0.04 | $0.03 | $0.41 |
| 2017 | $0.05 | $0.03 | $0.06 | $0.04 | $0.03 | $0.04 | $0.03 | $0.04 | $0.04 | $0.03 | $0.03 | $0.05 | $0.46 |
| 2016 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.03 | $0.04 | $0.04 | $0.41 |
| 2015 | $0.04 | $0.03 | $0.03 | $0.03 | $0.04 | $0.03 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.42 |
| 2014 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.07 | $0.04 | $0.03 | $0.46 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the Northern High Yield Fixed Income Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Northern High Yield Fixed Income Fund was 27.42%, occurring on Dec 12, 2008. Recovery took 196 trading sessions.
The current Northern High Yield Fixed Income Fund drawdown is 0.16%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -27.42% | Jun 1, 2007 | 387 | Dec 12, 2008 | 196 | Sep 24, 2009 | 583 |
| -24.72% | Feb 21, 2020 | 22 | Mar 23, 2020 | 161 | Nov 9, 2020 | 183 |
| -14.73% | Sep 24, 2021 | 256 | Sep 29, 2022 | 308 | Dec 20, 2023 | 564 |
| -13.48% | Jul 8, 2014 | 404 | Feb 11, 2016 | 160 | Sep 29, 2016 | 564 |
| -9.93% | Aug 1, 2011 | 47 | Oct 5, 2011 | 77 | Jan 26, 2012 | 124 |
Volatility
Volatility Chart
The current Northern High Yield Fixed Income Fund volatility is 0.83%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.