Look At These 4 Northern Mutual Funds
Northern Trusts is one of the major asset management companies, providing a variety of investment solutions and strategies to individuals and institutions. The company manages assets worth more than $1.1 trillion (as of Dec 31, 2018) based on assets raised in the country. It comprises investment professionals with experience of more than 15 years.
Founded in 1889, Northern Trusts at present has 18,800 employees worldwide and is based in about 23 global locations. Moreover, all Northern funds bear low sales load which makes them solid investment choices for those seeking low-cost funds.
Below we share with you four top-rated Northern mutual funds. Each has earned a Zacks Mutual Fund Rank #1 (Strong Buy) and is expected to outperform peers in the future. Investors can click here to see the complete list of Northern funds and view their Zacks Rank and past performance.
Northern Small Cap Core Fund NSGRX seeks appreciation of capital over the long haul. NSGRX invests more than 80% of its assets in common stocks of small-cap companies. Basically, small-cap companies with market cap in the range of the Russell 2000 index. Northern Small Cap Core Fund has three-year annualized returns of 15.2%.
Robert Bergson has been the fund manager of NSGRX since 2010.
Northern Large Cap Value NOLVX invests a large chunk of its assets in securities of those large-cap companies, whose market-cap is similar to those present in the Russell 1000 Value Index. The fund seeks capital growth for the long run. Northern Large Cap Value has three-year annualized returns of 13.1%.
NOLVX has an expense ratio of 0.58% compared with a category average of 1.00%.
Northern Small Cap Value NOSGX invests a bulk of its assets in companies having market capitalization within the universe of the Russell 2000 Value Index. NOSGX may focus on a specific sector like finance in managing its investment goal. Companies that are included in NOSGX’s portfolio generally pay out low or no dividends. Northern Small Cap Value has returned 12.5% over the past three years.
As of December 2018, NOSGX held 525 issues, with 1.01% of its assets invested in Pebblebrook Hotel Trust.
Northern California Tax-Exempt NCATX seeks a high level of tax-exempted income. NCATX invests majority of its assets in debt securities that are believed to offer returns that are exempted from California state personal income tax and regular federal income tax. Moreover, NCATX is expected to maintain a dollar-weighted average maturity between 10 and 30 years. NCATX is a non-diversified fund and may also invest in securities that are rated below investment grade. Northern CA Tax-Exempt has three-year annualized returns of 1.8%.
NCATX has an expense ratio of 0.46% compared with the category average of 0.86%.
To view the Zacks Rank and past performance of all muni bond mutual funds, investors can click here to see the complete list of muni bond funds.
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