Buy These 3 Northern Mutual Funds For Spectacular Returns
Founded in 1889, Northern Trusts managed assets worth over $ 1.1 trillion as of March 31, 2021, based on the assets raised in the country. The company generally focuses on funds that have a long-term performance objective. Additionally, northern funds do not bear the selling load, making them good investment choices for those looking for low cost funds.
Northern Trusts is one of the leading asset management companies, offering a variety of investment solutions and strategies to individuals and institutions. It is made up of investment professionals with more than 15 years of experience. At present, the company has more than 20 branches worldwide and approximately 18,800 employees.
Below, we focus on three top-ranked northern mutual funds. Each has achieved a Zacks # 1 (strong buy) or 2 (buy) mutual fund rank and is expected to outperform their peers. Investors can click here to view the full list of Northern funds.
Northern Arizona Tax Exempt Fund NOAZX seeks to provide high current income exempt from regular federal income tax and Arizona state personal income tax by investing in municipal instruments. The fund invests the majority of its assets in debt securities that pay interest exempt from ordinary federal income tax and in instruments that provide income exempt from state personal income tax. Arizona. NOAZX is ranked # 1 among Zacks mutual funds and has three-year annualized returns of 4.2%.
At the end of June 2021, NOAZX held 142 issues, with 3% of its assets invested in MARICOPA CNTY ARIZ INDL DEV AUTH HOSP REV 5%.
Northern Active M International Equity Fund NMIEX aims for long-term capital appreciation. The fund invests the majority of its assets in equity securities of companies located outside of the United States. It uses a multi-manager approach in which its assets are allocated to one or more sub-advisers, according to percentages determined at the discretion of the fund’s investment advisers. NMIEX is ranked second among Zacks mutual funds and has generated a return of 9.5% in three years.
NMIEX has an expense ratio of 0.85% compared to the category average of 0.92%.
Northern Large Cap Core Fund NOLCX seeks long-term capital appreciation. The fund invests the lion’s share of its assets in equity securities of national large-cap companies which may also include non-US large-cap companies traded in the United States. NOLCX sports a Rank 2 Zacks Mutual Fund and has returned 14.9% over the past three years.
Mark C. Sodergren has been the fund manager of NOLCX since 2011.
To view the Zacks Rankings and past performance of all Northern Mutual Funds, investors can click here to view the full list of Northern Funds.
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