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How is Northern Fixed Income Fund (NOFIX) Performing?

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Northern Fixed Income Fund ( NOFIX ) a Zacks Rank #2 (Buy) was incepted in April 1994 and is co-managed by Northern Trust Investments and Northern Trust Global Investments (Europe) Limited. NOFIX seeks a high level of current income. NOFIX's approach is to invest in a broad range of investment-grade municipal instruments with an average maturity of 10 and 30 years. In seeking high current income, NOFIX invests, under normal circumstances, at least 80% of its net assets in bonds and other fixed income securities.

The Northern Fixed Income fund, managed by Northern , carries an expense ratio of 0.45%. Moreover, NOFIX requires a minimal initial investment of $2,500.

NOFIX has a history of positive total returns for over 10 years. Specifically, the fund's returns over the 3, 5 year benchmarks; 3 year 4.49% and 5 year 3.96%. To see how this fund performed compared in its category, and other #1 and #2 Ranked Mutual Funds, please click here .

NOFIX's performance, as of the last filing, when compared to funds in its category was in the top 30% over the past 1 year, in the top 23% over the past 3 years, and in the 24% over the past 5 years.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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