NHFIX : Northern High Yield Fixed Income Fund

Fund Summary

The investment seeks a high level of current income. The fund will invest at least 80% of its net assets in lower quality bonds and other fixed-income securities (commonly referred to as "junk bonds"). Lower rated securities tend to offer higher yields than higher rated securities with similar maturities. It may invest a portion of its assets in securities of higher quality. During temporary defensive periods, the fund may invest all of its assets in securities of higher quality. Although the fund primarily invests in the debt obligations of domestic issuers, it may make limited investments in the securities of foreign issuers.