Northern Funds Income Equity Fund (NOIEX)
Northern Funds Income Equity Fund operates in the Asset Management - Income industry of the Financial Services sector, headquartered in Chicago, IL, US. The stock last traded at $21.04, down 0.28% on the session, giving a market capitalisation of $325.0M. On trailing twelve-month figures it carries a trailing P/E of 7.60, a net margin of 1213.7%. Its beta of 0.92 implies it has historically moved less than the broad market.
The fund primarily aims to achieve its investment goals by allocating a minimum of 80% of its net assets to income-generating equity securities, specifically including common and preferred stocks that distribute dividends. A central objective is to provide a robust level of current income, especially when contrasted with other equity-focused mutual funds. Furthermore, the fund has the flexibility to employ derivatives, such as stock index futures, to strategically invest unallocated cash and bolster the portfolio's overall liquidity.
Northern Funds Income Equity Fund is most often compared with the following Financial Services names: