HIGH YIELD MUNICIPAL FUND
Name
As of 11/01/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
5.1%
1 yr return
13.0%
3 Yr Avg Return
-2.3%
5 Yr Avg Return
0.2%
Net Assets
$391 M
Holdings in Top 10
15.8%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.65%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 21.90%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$2,500
IRA
$500
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 11/01/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
NHYMX - Profile
Distributions
- YTD Total Return 5.1%
- 3 Yr Annualized Total Return -2.3%
- 5 Yr Annualized Total Return 0.2%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 3.05%
- Dividend Yield 3.5%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameHIGH YIELD MUNICIPAL FUND
-
Fund Family NameNorthern Trust
-
Inception DateDec 31, 2098
-
Shares OutstandingN/A
-
Share ClassOther
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerAdam Shane
Fund Description
∎ | General obligation bonds secured by the issuer’s full faith, credit and taxing power; |
∎ | Revenue obligation bonds payable from the revenues derived from a particular facility or class of facilities; |
∎ | Industrial development bonds; |
∎ | Moral obligation bonds; |
∎ | Tax-exempt derivative instruments; |
∎ | Stand-by commitments; and |
∎ | Municipal instruments backed by letters of credit, insurance or other forms of credit enhancement issued by domestic or foreign banks, insurance companies and other financial companies. |
NHYMX - Performance
Return Ranking - Trailing
Period | NHYMX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 5.1% | -2.2% | 11.2% | 39.71% |
1 Yr | 13.0% | 1.9% | 21.3% | 54.90% |
3 Yr | -2.3%* | -8.6% | 2.8% | 88.94% |
5 Yr | 0.2%* | -5.1% | 3.7% | 84.69% |
10 Yr | 2.1%* | -0.5% | 155.4% | 79.07% |
* Annualized
Return Ranking - Calendar
Period | NHYMX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 1.1% | -6.2% | 7.5% | 82.35% |
2022 | -20.1% | -26.9% | -3.5% | 85.57% |
2021 | 1.9% | -1.9% | 5.6% | 64.14% |
2020 | 0.4% | -4.0% | 4.2% | 53.30% |
2019 | 4.6% | -0.7% | 9.1% | 70.68% |
Total Return Ranking - Trailing
Period | NHYMX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 5.1% | -2.2% | 11.2% | 39.71% |
1 Yr | 13.0% | 1.9% | 21.3% | 54.90% |
3 Yr | -2.3%* | -8.6% | 2.8% | 88.94% |
5 Yr | 0.2%* | -5.1% | 3.7% | 84.69% |
10 Yr | 2.1%* | -0.5% | 155.4% | 79.07% |
* Annualized
Total Return Ranking - Calendar
Period | NHYMX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 5.6% | -4.1% | 10.9% | 71.08% |
2022 | -17.0% | -26.9% | 4.3% | 86.57% |
2021 | 5.2% | -1.9% | 10.0% | 57.58% |
2020 | 4.3% | -2.6% | 8.2% | 29.95% |
2019 | 6.9% | -0.7% | 1028633.9% | 86.39% |
NAV & Total Return History
NHYMX - Holdings
Concentration Analysis
NHYMX | Category Low | Category High | NHYMX % Rank | |
---|---|---|---|---|
Net Assets | 391 M | 9.79 K | 16.6 B | 67.82% |
Number of Holdings | 280 | 1 | 3325 | 69.65% |
Net Assets in Top 10 | 58.9 M | -102 M | 3.51 B | 75.12% |
Weighting of Top 10 | 15.75% | 4.6% | 98.8% | 32.00% |
Top 10 Holdings
- Northern Inst Fds GOVT PTFL 5.16%
- WA WAS 5 06/01/2044 1.47%
- VI MFCFAC 5 10/01/2039 1.38%
- CA CASFIN 5 12/31/2043 1.36%
- MA MASTRN 5 06/01/2050 1.30%
- NY NYTTRN 5 01/01/2034 1.10%
- TX TAREDU 5 11/15/2046 1.04%
- GA MAIUTL 12/01/2054 0.99%
- WA SNOSCD 5 12/01/2031 0.98%
- OK PAYEDU 5 09/01/2031 0.97%
Asset Allocation
Weighting | Return Low | Return High | NHYMX % Rank | |
---|---|---|---|---|
Bonds | 97.29% | 0.00% | 146.69% | 70.10% |
Cash | 5.16% | -0.64% | 100.00% | 8.96% |
Stocks | 0.00% | 0.00% | 99.62% | 73.53% |
Preferred Stocks | 0.00% | -47.61% | 0.00% | 63.18% |
Other | 0.00% | -5.59% | 5.07% | 61.69% |
Convertible Bonds | 0.00% | 0.00% | 0.00% | 59.70% |
Bond Sector Breakdown
Weighting | Return Low | Return High | NHYMX % Rank | |
---|---|---|---|---|
Municipal | 99.65% | 0.00% | 100.00% | 19.90% |
Cash & Equivalents | 5.16% | 0.00% | 100.00% | 6.97% |
Corporate | 0.34% | 0.00% | 2.83% | 39.30% |
Derivative | 0.00% | -7.53% | 2.16% | 58.71% |
Securitized | 0.00% | 0.00% | 22.44% | 60.70% |
Government | 0.00% | 0.00% | 0.09% | 62.69% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | NHYMX % Rank | |
---|---|---|---|---|
US | 97.29% | 0.00% | 139.84% | 66.67% |
Non US | 0.00% | 0.00% | 13.35% | 63.68% |
NHYMX - Expenses
Operational Fees
NHYMX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.65% | 0.22% | 3.44% | 82.27% |
Management Fee | 0.56% | 0.00% | 1.41% | 81.37% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.02% | 0.35% | 81.58% |
Sales Fees
NHYMX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 1.00% | 4.50% | N/A |
Deferred Load | N/A | 1.00% | 4.00% | N/A |
Trading Fees
NHYMX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | N/A | N/A | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
NHYMX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 21.90% | 2.00% | 121.00% | 55.03% |
NHYMX - Distributions
Dividend Yield Analysis
NHYMX | Category Low | Category High | NHYMX % Rank | |
---|---|---|---|---|
Dividend Yield | 3.50% | 0.00% | 5.94% | 37.75% |
Dividend Distribution Analysis
NHYMX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
NHYMX | Category Low | Category High | NHYMX % Rank | |
---|---|---|---|---|
Net Income Ratio | 3.05% | 1.11% | 5.44% | 56.37% |
Capital Gain Distribution Analysis
NHYMX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Oct 24, 2024 | $0.022 | OrdinaryDividend |
Sep 24, 2024 | $0.023 | OrdinaryDividend |
Aug 26, 2024 | $0.027 | OrdinaryDividend |
Mar 25, 2024 | $0.025 | OrdinaryDividend |
Feb 26, 2024 | $0.029 | OrdinaryDividend |
Jan 25, 2024 | $0.032 | OrdinaryDividend |
Dec 21, 2023 | $0.028 | OrdinaryDividend |
Oct 24, 2023 | $0.031 | OrdinaryDividend |
Sep 21, 2023 | $0.026 | OrdinaryDividend |
Aug 24, 2023 | $0.029 | OrdinaryDividend |
Jul 24, 2023 | $0.030 | OrdinaryDividend |
Jun 22, 2023 | $0.027 | OrdinaryDividend |
May 24, 2023 | $0.028 | OrdinaryDividend |
Apr 24, 2023 | $0.030 | OrdinaryDividend |
Mar 23, 2023 | $0.026 | OrdinaryDividend |
Feb 23, 2023 | $0.024 | OrdinaryDividend |
Jan 24, 2023 | $0.038 | OrdinaryDividend |
Dec 15, 2022 | $0.021 | OrdinaryDividend |
Nov 22, 2022 | $0.028 | OrdinaryDividend |
Oct 24, 2022 | $0.028 | OrdinaryDividend |
Sep 22, 2022 | $0.025 | OrdinaryDividend |
Aug 24, 2022 | $0.028 | OrdinaryDividend |
Jul 21, 2022 | $0.023 | OrdinaryDividend |
Jun 23, 2022 | $0.025 | OrdinaryDividend |
May 24, 2022 | $0.027 | OrdinaryDividend |
Apr 21, 2022 | $0.021 | OrdinaryDividend |
Mar 24, 2022 | $0.018 | OrdinaryDividend |
Feb 28, 2022 | $0.023 | OrdinaryDividend |
Jan 24, 2022 | $0.029 | OrdinaryDividend |
Dec 16, 2021 | $0.017 | OrdinaryDividend |
Nov 23, 2021 | $0.022 | OrdinaryDividend |
Oct 25, 2021 | $0.024 | OrdinaryDividend |
Sep 23, 2021 | $0.022 | OrdinaryDividend |
Aug 24, 2021 | $0.021 | OrdinaryDividend |
Jul 26, 2021 | $0.025 | OrdinaryDividend |
Jun 24, 2021 | $0.025 | OrdinaryDividend |
May 24, 2021 | $0.027 | OrdinaryDividend |
Apr 22, 2021 | $0.024 | OrdinaryDividend |
Mar 24, 2021 | $0.024 | OrdinaryDividend |
Feb 24, 2021 | $0.025 | OrdinaryDividend |
Jan 25, 2021 | $0.034 | OrdinaryDividend |
Dec 17, 2020 | $0.022 | OrdinaryDividend |
Nov 24, 2020 | $0.025 | OrdinaryDividend |
Oct 26, 2020 | $0.028 | OrdinaryDividend |
Sep 24, 2020 | $0.026 | OrdinaryDividend |
Aug 24, 2020 | $0.028 | OrdinaryDividend |
Jul 23, 2020 | $0.025 | OrdinaryDividend |
Jun 24, 2020 | $0.026 | OrdinaryDividend |
May 26, 2020 | $0.031 | OrdinaryDividend |
Apr 23, 2020 | $0.028 | OrdinaryDividend |
Mar 24, 2020 | $0.026 | OrdinaryDividend |
Feb 24, 2020 | $0.029 | OrdinaryDividend |
Jan 23, 2020 | $0.032 | OrdinaryDividend |
Dec 19, 2019 | $0.000 | OrdinaryDividend |
Nov 21, 2019 | $0.000 | OrdinaryDividend |
Oct 24, 2019 | $0.000 | OrdinaryDividend |
Sep 24, 2019 | $0.000 | OrdinaryDividend |
Aug 26, 2019 | $0.000 | OrdinaryDividend |
Jul 24, 2019 | $0.000 | OrdinaryDividend |
Feb 26, 2001 | $0.042 | OrdinaryDividend |
NHYMX - Fund Manager Analysis
Managers
Adam Shane
Start Date
Tenure
Tenure Rank
Aug 17, 2018
3.79
3.8%
Mr. Shane joined NTI in 2010 and has served as the director of fixed income research.
Stephanie Woeppel
Start Date
Tenure
Tenure Rank
Aug 17, 2018
3.79
3.8%
Ms. Woeppel joined NTI in 2012 and has served as the director of municipal credit research and as a senior research analyst.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.25 | 21.43 | 7.55 | 2.52 |