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Northern Multi-Manager High Yield Opportunity Fund...
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Northern Multi-Manager High Yield Opportunity Fund (NMHYX)

Mutual Fund · Currency in USD · Last updated May 31, 2025

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"). The adviser 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 fund's investment adviser. Although the fund primarily invests in the debt obligations of domestic issuers, it may invest in debt obligations of foreign issuers.

Fund Info

ISIN

US6651624420

CUSIP

665162442

Issuer

Blackrock

Inception Date

Sep 23, 2009

Category

High Yield Bonds

Min. Investment

$2,500

Asset Class

Bond

Expense Ratio

NMHYX has an expense ratio of 0.87%, placing it in the medium range.

Share Price Chart

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Compare to other instruments

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Northern Multi-Manager High Yield Opportunity Fund

Popular comparisons:
NMHYX vs. FAGIX
Popular comparisons:
NMHYX vs. FAGIX

Performance

Performance Chart

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S&P 500

Returns By Period

Northern Multi-Manager High Yield Opportunity Fund (NMHYX) returned 2.49% year-to-date (YTD) and 8.37% over the past 12 months. Over the past 10 years, NMHYX returned 4.56% annually, underperforming the S&P 500 benchmark at 10.85%.

NMHYX

YTD

2.49%

1M

1.83%

6M

2.19%

1Y

8.37%

3Y*

6.19%

5Y*

6.51%

10Y*

4.56%

^GSPC (Benchmark)

YTD

0.51%

1M

6.15%

6M

-2.00%

1Y

12.92%

3Y*

12.68%

5Y*

14.19%

10Y*

10.85%

*Annualized

Monthly Returns

The table below presents the monthly returns of NMHYX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.

JanFebMarAprMayJunJulAugSepOctNovDecTotal
20251.19%0.63%-1.00%-0.15%1.83%2.49%
20240.10%0.17%1.15%-0.58%0.62%0.73%1.78%1.35%1.37%-0.48%1.04%-0.29%7.14%
20233.35%-1.14%1.00%0.96%-0.68%1.66%1.24%0.09%-1.02%-0.99%3.85%4.07%12.91%
2022-2.46%-1.04%-0.29%-3.64%0.17%-6.50%5.35%-1.79%-3.88%2.51%1.72%-0.37%-10.26%
20210.73%0.60%0.42%1.13%0.49%1.39%0.27%0.69%0.04%-0.43%-0.71%2.08%6.85%
20200.32%-1.57%-13.36%2.99%4.51%1.85%4.26%1.50%-0.41%1.30%3.76%2.20%6.17%
20193.68%1.18%0.79%1.55%-1.39%1.44%0.47%-0.48%0.33%-0.49%0.50%2.45%10.39%
20181.01%-0.60%-0.63%0.45%0.04%0.20%0.99%0.41%0.48%-1.28%-0.94%-2.19%-2.09%
20171.63%1.48%0.11%1.17%0.86%-0.15%1.40%-0.27%0.81%0.62%-0.66%0.67%7.90%
2016-1.36%0.43%3.76%3.52%0.68%0.48%2.45%2.22%1.41%0.64%-0.15%1.77%16.92%
20150.37%2.54%-0.92%1.41%0.26%-1.48%-0.96%-2.14%-2.31%1.70%-1.75%-2.67%-5.93%
20140.45%2.22%0.10%0.66%0.89%0.97%-1.43%1.58%-2.30%1.16%-0.64%-1.58%1.99%
Go deeper with the Portfolio Analysis tool — backtest performance, assess risk, compare to benchmarks, and more

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

With an overall rank of 94, NMHYX 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.

The Risk-Adjusted Performance Rank of NMHYX is 9494
Overall Rank
The Sharpe Ratio Rank of NMHYX is 9595
Sharpe Ratio Rank
The Sortino Ratio Rank of NMHYX is 9393
Sortino Ratio Rank
The Omega Ratio Rank of NMHYX is 9595
Omega Ratio Rank
The Calmar Ratio Rank of NMHYX is 9292
Calmar Ratio Rank
The Martin Ratio Rank of NMHYX is 9494
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

Risk-Adjusted Performance Indicators

The charts below present risk-adjusted performance metrics for Northern Multi-Manager High Yield Opportunity Fund (NMHYX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.

The Sharpe ratio helps investors understand how much return they're getting for the level of risk taken. A higher Sharpe ratio indicates better risk-adjusted performance, meaning more reward for each unit of risk.

Northern Multi-Manager High Yield Opportunity Fund Sharpe ratios as of May 31, 2025 (values are recalculated daily):

  • 1-Year: 2.54
  • 5-Year: 1.43
  • 10-Year: 0.91
  • All Time: 1.28

These values reflect how efficiently the investment has delivered returns relative to its volatility over different time periods. All figures are annualized and based on daily total returns (including price changes and dividends).

The chart below shows the rolling Sharpe ratio of Northern Multi-Manager High Yield Opportunity Fund compared to the selected benchmark. This view highlights how the investment's risk-adjusted performance has changed over time.

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Go to the full Sharpe Ratio tool to analyze any stock or portfolio. Customize time frames, set your own risk-free rate, and more

Dividends

Dividend History

Northern Multi-Manager High Yield Opportunity Fund provided a 7.38% dividend yield over the last twelve months, with an annual payout of $0.62 per share. The fund has been increasing its distributions for 2 consecutive years.

5.50%6.00%6.50%7.00%7.50%$0.00$0.20$0.40$0.60$0.8020142015201620172018201920202021202220232024
Dividends
Dividend Yield
PeriodTTM20242023202220212020201920182017201620152014
Dividend$0.62$0.62$0.62$0.46$0.50$0.63$0.64$0.51$0.71$0.55$0.56$0.73

Dividend yield

7.38%7.41%7.31%5.75%5.24%6.68%6.79%5.54%7.19%5.58%6.25%7.32%

Monthly Dividends

The table displays the monthly dividend distributions for Northern Multi-Manager High Yield Opportunity Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

JanFebMarAprMayJunJulAugSepOctNovDecTotal
2025$0.00$0.05$0.05$0.03$0.10$0.23
2024$0.03$0.05$0.05$0.03$0.07$0.05$0.05$0.05$0.05$0.05$0.05$0.10$0.62
2023$0.01$0.05$0.04$0.03$0.11$0.04$0.05$0.05$0.05$0.05$0.05$0.09$0.62
2022$0.01$0.03$0.03$0.02$0.06$0.03$0.04$0.04$0.04$0.04$0.04$0.08$0.46
2021$0.02$0.05$0.04$0.03$0.08$0.04$0.04$0.04$0.04$0.04$0.03$0.06$0.50
2020$0.02$0.05$0.06$0.03$0.11$0.05$0.04$0.04$0.05$0.05$0.05$0.08$0.63
2019$0.04$0.05$0.06$0.04$0.07$0.06$0.06$0.05$0.05$0.05$0.05$0.08$0.64
2018$0.01$0.01$0.03$0.03$0.08$0.05$0.05$0.05$0.05$0.05$0.05$0.05$0.51
2017$0.03$0.05$0.05$0.04$0.08$0.06$0.05$0.05$0.05$0.05$0.05$0.16$0.71
2016$0.03$0.05$0.06$0.04$0.02$0.02$0.04$0.04$0.08$0.05$0.06$0.07$0.55
2015$0.02$0.05$0.04$0.03$0.08$0.05$0.04$0.02$0.04$0.05$0.05$0.10$0.56
2014$0.03$0.04$0.04$0.05$0.05$0.05$0.05$0.05$0.04$0.04$0.05$0.25$0.73

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.

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Worst Drawdowns

The table below displays the maximum drawdowns of the Northern Multi-Manager High Yield Opportunity 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 Multi-Manager High Yield Opportunity Fund was 21.19%, occurring on Mar 23, 2020. Recovery took 159 trading sessions.

Depth

Start

To Bottom

Bottom

To Recover

End

Total

-21.19%Feb 21, 202022Mar 23, 2020159Nov 5, 2020181
-13.73%Jan 3, 2022187Sep 29, 2022307Dec 19, 2023494
-13.38%May 12, 2015191Feb 11, 2016108Jul 18, 2016299
-10.86%Jun 1, 201188Oct 4, 201185Feb 6, 2012173
-5.94%Sep 3, 201474Dec 16, 201488Apr 24, 2015162
Go to the full Drawdowns tool for more analysis options, including inflation-adjusted drawdowns, and more

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.

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