Northern Core Bond Fund (NOCBX)
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Northern Core Bond Fund Profile
| NASDAQ Exchange | United States Country |
Overview
The fund is designed to address the investment needs of individuals and entities seeking a combination of capital appreciation and current income. It aims to maximize total return through a strategic approach that involves a significant investment in bonds and other fixed-income securities. With a focus on maintaining a portfolio composed predominantly of investment-grade debt obligations from domestic issuers, the fund presents an opportunity for investors to partake in a steady income stream while also aiming for growth in their capital over time. Additionally, the fund's capacity to invest a portion of its assets in investment-grade obligations of foreign issuers denominated in U.S. dollars adds a layer of diversification and potential for capturing gains from international markets.
Products and Services
- Investment in Bonds and Fixed-Income Securities
The core of the fund's strategy is its investment in a broad range of bonds and other fixed-income securities. By committing at least 80% of its net assets to these instruments, the fund seeks to provide investors with a reliable source of current income. This focus on fixed-income securities is aimed at stabilizing returns and mitigating risks associated with market volatility.
- Primarily Investment Grade Domestic Debt Obligations
Emphasizing the quality of investments, the fund primarily targets investment-grade debt obligations issued by domestic entities. This approach ensures that the majority of the fund’s assets are allocated towards securities with a lower risk of default, aiming to protect investors’ capital while still offering competitive returns.
- Investment in Foreign Issuers’ Obligations
Up to 25% of the fund’s total assets may be invested in U.S. dollar-denominated investment-grade obligations of foreign issuers. This component of the fund’s strategy is designed to introduce an element of geographic diversification, tapping into the potential of foreign markets to enhance the overall return profile of the fund.
