Northern High Yield Municipal Fund (NHYMX)
Northern High Yield Municipal Fund operates in the Asset Management industry of the Financial Services sector, headquartered in Chicago, IL, US. The stock last traded at $7.32, down 0.14% on the session, giving a market capitalisation of $356.1M. Its beta of 1.32 implies it has historically moved more than the broad market.
This fund primarily allocates its investments to municipal debt instruments. Under normal conditions, at least 65% of its net assets will be in municipal bonds, which can be low-quality (often called "junk bonds"), medium-quality, or upper-medium-quality. Additionally, the fund is committed to investing a minimum of 80% of its net assets in debt securities that provide interest income exempt from standard federal income tax.
Northern High Yield Municipal Fund is most often compared with the following Financial Services names: