|Total Net Assets||$356,647,399|
|YTD Total Return (as of 09/25/23)||-0.56%|
|Distribution Rate* (as of 09/25/23)||4.90%|
|Tax-Equivalent Distribution Rate* (as of 09/25/23)||8.28%|
|30-Day SEC Yield w/ Waivers*||5.22%|
|30-Day SEC Yield w/o Waivers*||5.10%|
|Tax-Equivalent 30-Day SEC Yield* (as of 08/31/23)||8.81%|
|High Yield Municipal||-1.24%||0.34%||2.08%||-1.36%||-2.30%||0.25%||2.67%||3.07%|
|Bloomberg Municipal Bond |
65-35 Investment Grade/High
|Bloomberg Municipal Bond|
60% High Yield / 40% Investment Grade Index*
|Morningstar Category Avg.|
High Yield Muni
Performance quoted represents past performance and does not guarantee future results. Investment return and principal value will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than that shown here.
Northern Trust Investments, Inc. (“NTI”) has contractually agreed to reimburse a portion of the operating expenses of the Fund so that after such reimbursement the Total Annual Fund Operating Expenses of the Fund (excluding (i) acquired fund fees and expenses; (ii) the compensation paid to each Independent Trustee of the Trust; (iii) expenses of third party consultants engaged by the Board of Trustees; (iv) membership dues paid to the Investment Company Institute and Mutual Fund Directors Forum; (v) expenses in connection with the negotiation and renewal of the revolving credit facility; and (vi) extraordinary expenses and interest) do not exceed 0.58%. NTI has also contractually agreed to reimburse the management fees payable by the Fund in an amount equal to the net management fee NTI earns on the amount invested by the Fund in money market funds managed by NTI. These contractual limitations may not be terminated before July 31, 2024 without the approval of the Board of Trustees.
The "Total Annual Fund Operating Expenses After Expense Reimbursement" may be higher than the contractual limitation as a result of the excepted expenses, including but not limited to acquired fund fees and expenses, that are not reimbursed.
In the absence of fee waivers, yield, total return, growth since inception and dividends would have been reduced. Total return is based on net change in NAV assuming reinvestment of distributions.
|Gross Expense Ratio||Net Expense Ratio‡|
|High Yield Municipal||0.64%||0.58%|
|High Yield Municipal||-16.86%||5.15%||4.35%||8.82%||0.31%|
|Bloomberg Municipal Bond 65-35 Investment Grade/High Yield Index*||-10.14%||3.67%||5.20%||8.63%||2.49%|
|Bloomberg Municipal Bond 60% High Yield / 40% Investment Grade Index*||-11.29%||5.23%||5.12%||9.41%||3.36%|
|Morningstar Category Avg. High Yield Muni||-13.71%||5.44%||3.45%||9.12%||2.11%|
Performance quoted represents past performance and does not guarantee future results.
|Short Term Securities||0.0%||0.1%|
|Cash & Cash Equivalents||5.2%||0.0%|
|Number of Holdings||317|
|Portfolio Turnover||11.97% (as of 03/31/23)|
|Effective Duration†||9.18 YRS|
|Average Maturity||21.19 YRS|
|Weighted Average Coupon||4.77%|
|Dividend Income Last Quarter||$0.0850|
|Capital Gain Income Last Quarter||N/A|
|Benchmark*||Bloomberg Municipal Bond|
60% High Yield / 40% Investment Grade Index
|Morningstar Category||High Yield Muni|
Bloomberg Municipal Bond 60% High Yield/40% Investment Grade Index is an unmanaged index of investment and non-investment grade bonds with a 60% weighting in the Bloomberg Municipal High Yield Index and a 40% weighting to the Bloomberg Municipal Bond Index.
|Commentary||Fact Sheet||Holdings||Summary Prospectus||Prospectus||Statement of Additional Information||Annual Report||Semi Annual Report||Q1 Holdings||Q3 Holdings|
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