Founded in 1889, Northern Trusts manages assets worth over $942 billion (as of December 31, 2016) based on assets raised in the country. The company generally focuses on those funds that have long-term performance. Moreover, all the Northern funds bear no sales load, making them strong investment choices for those seeking low cost funds.
Northern Trusts is one of the major asset management companies, providing a variety of investment solutions and strategies to both individuals and institutions. It comprises investment professionals with experience of more than 15 years. At present, the company has more than 20 branches globally and around 16,500 employees all over the world.
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 its peers in the future. Investors can click here to see the complete list of Northern funds .
Northern International Equity NOIGX seeks growth of capital for the long run. NOIGX invests the majority of its assets in equity securities of companies based in mature and emerging markets. The fund focuses on investing primarily in those companies that have market-cap of more than $1 billion. Northern International Equity returned 5.1% over the past five years.
NOIGXhas an expense ratio of 1.08% as compared with the category average of 1.13%.
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 low or no dividends. Northern Small Cap Value returned 13.8% over the past five years.
As of December 2016, DFEPX held 540 issues, with 1.05% of its assets invested in Synnex Corp.
Northern Short-Intermediate Tax-Exempt NSITX seeks to offer a high income level, which is free from federal income tax. NSITX invests the lion's share of its assets in municipal bonds that pay tax-exempted income. Northern Short-Intermediate Tax-Exempt returned 0.7% over the past five years.
NSITXhas an expense ratio of 0.45% as compared with the category average of 0.71%.
Northern Global Sustainability Index NSRIX invests almost all its assets in equity securities of companies included in the MSCI World ESG Index. The MSCI World ESG Index generally includes large-and mid-cap companies from developed markets like the United States, Canada, Europe, Asia-Pacific and the Middle East. Northern Global Sustainability Indexreturned 9.8% over the past five years.
Thomas O'Brien is the fund manager of NSRIX since 2008.
To view the Zacks Rank and past performance of all Northern mutual funds, investors can click here to see the complete list of Northern funds .
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Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Get Your Free (NSRIX): Fund Analysis Report Get Your Free (NOIGX): Fund Analysis Report Get Your Free (NSITX): Fund Analysis Report Get Your Free (NOSGX): Fund Analysis Report To read this article on Zacks.com click here. Zacks Investment Research