Multi-Manager High Yield Opportunity Fund

Fund Profile

Fund profile

Tickers

NMHYX

Fund manager

Northern Funds

Total assets

$182.09 mm

Liabilities

$405.66 k

Net assets

$181.69 mm

Number of holdings

1.97 k

Top 200 of 1967 Holdings

As of Dec 2024

Security	$Holding	Balance	% of Fund	Category	Position	Country
REAALL CMN STOCK CMN STO	3.96 mm	48.45 shares	2.18	Common equity	Long	USA
Northern Institutional Funds GOVT PTFL	3.91 mm	3.91 mm shares	2.15	Short-term investment vehicle	Long	USA
Specialty Stl Holdco Inc FRN SNR USD (144A)	2.49 mm	2.49 mm principal	1.37	Debt	Long	USA
BIMCN 8.75 07/15/26 144A	1.90 mm	2.01 mm principal	1.04	Debt	Long	Canada
CENX Century Aluminum Company	1.81 mm	1.79 mm principal	0.99	Debt	Long	USA
HBGCN 7.375 01/31/32 144A	1.71 mm	1.68 mm principal	0.94	Debt	Long	USA
NEW STAR METALS SR SECD	1.58 mm	1.58 mm principal	0.87	Debt	Long	USA
SURCEN 7.25 04/15/32 144A	1.49 mm	1.46 mm principal	0.82	Debt	Long	USA
ATHENA 6.5 02/15/30 144A	1.25 mm	1.32 mm principal	0.69	Debt	Long	USA
OBEBLD 9.5 04/15/30 144A	1.17 mm	1.24 mm principal	0.64	Debt	Long	USA
MADIAQ 5.875 06/30/29 144A	1.14 mm	1.21 mm principal	0.63	Debt	Long	USA
STG. ENTERTAINMENT 10.25%	1.06 mm	1.11 mm principal	0.59	Debt	Long	USA
SIMFOO 4.625 03/01/29 144A	1.03 mm	1.12 mm principal	0.57	Debt	Long	USA
DEXAXL 6.625 10/15/29 144A	1.01 mm	1.25 mm principal	0.56	Debt	Long	USA
CALCOL 7.625 01/30/32 144A	975.77 k	950.00 k principal	0.54	Debt	Long	USA
ASSPAR 7.5 02/15/32 144A	968.63 k	900.00 k principal	0.53	Debt	Long	USA
FLOW 8.75 04/01/30 144A	932.47 k	910.00 k principal	0.51	Debt	Long	USA
MORTON 6.625 05/01/29 144A	930.26 k	980.00 k principal	0.51	Debt	Long	USA
THC Tenet Healthcare Corporation	928.27 k	930.00 k principal	0.51	Debt	Long	USA
CCO Clear Channel Outdoor Holdings, Inc.	864.52 k	840.00 k principal	0.48	Debt	Long	USA
ATI ATI Inc.	812.67 k	820.00 k principal	0.45	Debt	Long	USA
TDG 4.875 05/01/29	793.21 k	840.00 k principal	0.44	Debt	Long	USA
OPCH Option Care Health, Inc.	783.87 k	850.00 k principal	0.43	Debt	Long	USA
HBGCN 7.375 01/31/32 144A	773.93 k	762.00 k principal	0.43	Debt	Long	USA
Northern Institutional Funds GOVT PTFL	754.77 k	754.77 k shares	0.42	Short-term investment vehicle	Long	USA
STENOR 7.375 06/01/31 144A	739.56 k	730.00 k principal	0.41	Debt	Long	USA
TEINEN 6.875 04/15/29 144A	738.01 k	760.00 k principal	0.41	Debt	Long	Canada
PATK Patrick Industries, Inc.	716.09 k	740.00 k principal	0.39	Debt	Long	USA
VENLNG V9 PERP 144a	705.74 k	675.00 k principal	0.39	Debt	Long	USA
ATHENA 6.5 02/15/30 144A	704.21 k	741.00 k principal	0.39	Debt	Long	USA
SHEARE 7.875 03/01/31 144A	699.50 k	670.00 k principal	0.39	Debt	Long	USA
TRUK 6.25 02/01/29 144A	687.84 k	800.00 k principal	0.38	Debt	Long	USA
Northern Institutional Funds GOVT PTFL	624.98 k	624.98 k shares	0.34	Short-term investment vehicle	Long	USA
BWY 7.875 04/15/27 144A	615.19 k	603.00 k principal	0.34	Debt	Long	USA
HBGCN 7.25 06/15/30 144A	596.40 k	582.00 k principal	0.33	Debt	Long	USA
TIBX 9 09/30/29 144A	580.75 k	572.00 k principal	0.32	Debt	Long	USA
NAVCOR 8.5 03/15/30 144A	578.85 k	550.00 k principal	0.32	Debt	Long	Canada
Asurion Second-lien Term Loan 525 2029-01-01	577.69 k	600.00 k principal	0.32	Loan	Long	USA
IPLPCN 6 09/15/28 144A	570.87 k	580.00 k principal	0.31	Debt	Long	Canada
BYD Boyd Gaming Corporation	545.86 k	590.00 k principal	0.30	Debt	Long	USA
GTLS Chart Industries, Inc.	503.66 k	470.00 k principal	0.28	Debt	Long	USA
UNIT 10.5 02/15/28 144A	495.82 k	465.00 k principal	0.27	Debt	Long	USA
TIHLLC 7.125 06/01/31 144A	489.85 k	485.00 k principal	0.27	Debt	Long	USA
ULTI 6.875 02/01/31 144A	481.90 k	475.00 k principal	0.27	Debt	Long	USA
CHTR 4.25 01/15/34 144A	470.55 k	580.00 k principal	0.26	Debt	Long	USA
TIBX TIBCO Software Inc	469.18 k	478.00 k principal	0.26	Debt	Long	USA
FOCS 6.75 09/15/31 144A	468.13 k	470.00 k principal	0.26	Debt	Long	USA
RZNCAN 9.375 05/01/29 144A	460.64 k	430.00 k principal	0.25	Debt	Long	USA
MHED 8 08/01/29 144A	460.01 k	460.00 k principal	0.25	Debt	Long	USA
Cotiviti Inc Fixed-rate Loan 2031-02-12	436.95 k	434.51 k principal	0.24	Loan	Long	USA
TIBX 8.25 06/30/32 144A	425.62 k	413.00 k principal	0.23	Debt	Long	USA
VENLNG 9.5 02/01/29 144A	413.37 k	374.00 k principal	0.23	Debt	Long	USA
FYBR 8.75 05/15/30 144A	411.13 k	389.00 k principal	0.23	Debt	Long	USA
WHTCAP 6.875 10/15/28 144A	404.52 k	409.00 k principal	0.22	Debt	Long	USA
THYELE 7.625 07/15/28 144A	399.69 k	400.00 k principal	0.22	Debt	Long	Germany
TDG 5.5 11/15/27	393.05 k	400.00 k principal	0.22	Debt	Long	USA
TDG 6.375 03/01/29 144A	391.87 k	391.00 k principal	0.22	Debt	Long	USA
EMECLI 6.625 12/15/30 144A	390.52 k	390.00 k principal	0.21	Debt	Long	USA
HWDGRP 7.25 02/15/31 144A	390.23 k	384.00 k principal	0.21	Debt	Long	UK
WYNMAC 5.625 08/26/28 144A	385.23 k	400.00 k principal	0.21	Debt	Long	Cayman Islands
SVC Service Properties Trust	385.00 k	370.00 k principal	0.21	Debt	Long	USA
AMPBEV 3.25 09/01/28 144A	384.71 k	430.00 k principal	0.21	Debt	Long	Ireland
GTLS Chart Industries, Inc.	384.68 k	370.00 k principal	0.21	Debt	Long	USA
TDG 6.625 03/01/32 144A	380.40 k	377.00 k principal	0.21	Debt	Long	USA
Northern Institutional Funds GOVT PTFL	377.75 k	377.75 k shares	0.21	Short-term investment vehicle	Long	USA
LVLT 11 11/15/29 144A	367.99 k	327.13 k principal	0.20	Debt	Long	USA
UNSEAM 7.875 02/15/31 144A	365.91 k	358.00 k principal	0.20	Debt	Long	USA
EMECLI 6.625 12/15/30 144A	364.49 k	364.00 k principal	0.20	Debt	Long	USA
TIBX 9 09/30/29 144A	355.35 k	350.00 k principal	0.20	Debt	Long	USA
CHTR 4.5 06/01/33 144A	353.38 k	420.00 k principal	0.19	Debt	Long	USA
CHTR 4.5 05/01/32	352.67 k	410.00 k principal	0.19	Debt	Long	USA
VENLNG 9.875 02/01/32 144A	352.23 k	321.00 k principal	0.19	Debt	Long	USA
CHTR 4.75 02/01/32 144A	351.07 k	400.00 k principal	0.19	Debt	Long	USA
CLOVER HOLDING 2 LLC TL	350.00 k	350.00 k principal	0.19	Debt	Long	USA
GRA 5.625 08/15/29 144A	346.72 k	377.00 k principal	0.19	Debt	Long	USA
CCO Clear Channel Outdoor Holdings, Inc.	345.56 k	330.00 k principal	0.19	Debt	Long	USA
BRANDI 10.375 08/01/30 144A	337.91 k	332.00 k principal	0.19	Debt	Long	USA
DISH DISH Network CORP	336.83 k	318.00 k principal	0.19	Debt	Long	USA
XYZ Block, Inc.	327.13 k	324.00 k principal	0.18	Debt	Long	USA
WASPRO 5.5 02/15/26 144A	298.83 k	299.00 k principal	0.16	Debt	Long	USA
ARNC 11.5 10/01/31 144A	298.71 k	267.00 k principal	0.16	Debt	Long	USA
UNSEAM 6 06/01/29 144A	296.13 k	325.00 k principal	0.16	Debt	Long	USA
SATS EchoStar Corporation	289.96 k	269.66 k principal	0.16	Debt	Long	USA
CSCHLD 4.5 11/15/31 144a	288.01 k	400.00 k principal	0.16	Debt	Long	USA
IM 4.75 05/15/29 144A	284.49 k	300.00 k principal	0.16	Debt	Long	USA
TDG 6.875 12/15/30 144A	284.16 k	280.00 k principal	0.16	Debt	Long	USA
WFRD 8.625 04/30/30 144A	283.89 k	275.00 k principal	0.16	Debt	Long	Bermuda
NGL 8.375 02/15/32 144A	281.11 k	279.00 k principal	0.15	Debt	Long	USA
TDG 6 01/15/33 144A	278.34 k	284.00 k principal	0.15	Debt	Long	USA
CCL Carnival Corporation & plc	274.39 k	275.00 k principal	0.15	Debt	Long	Panama
SFRFP 5.5 01/15/28 144a	272.82 k	370.00 k principal	0.15	Debt	Long	France
TDG 6.625 03/01/32 144A	272.44 k	270.00 k principal	0.15	Debt	Long	USA
USFOOD 7.25 01/15/32 144A	269.08 k	260.00 k principal	0.15	Debt	Long	USA
CVNA Carvana Co.	260.53 k	217.30 k principal	0.14	Debt	Long	USA
LVLT 10.5 04/15/29 144A	260.31 k	233.59 k principal	0.14	Debt	Long	USA
ALIANT 7 01/15/31 144A	260.01 k	259.00 k principal	0.14	Debt	Long	USA
SATS EchoStar Corporation	259.46 k	286.08 k principal	0.14	Debt	Long	USA
CHBANI 8.75 10/01/29 144A	256.98 k	243.00 k principal	0.14	Debt	Long	USA
SMYREA 8.875 11/15/31 144A	256.88 k	245.00 k principal	0.14	Debt	Long	USA
MEDIND 5.25 10/01/29 144A	256.71 k	266.00 k principal	0.14	Debt	Long	USA
AMEPIP 10.25 10/15/28 144A	255.83 k	240.00 k principal	0.14	Debt	Long	USA
Zayo Group Term Loan B 300 2027-02-01	254.70 k	272.53 k principal	0.14	Loan	Long	USA
SIX 6.625 05/01/32 144A	253.38 k	250.00 k principal	0.14	Debt	Long	USA
BLKCQP 5.5 06/15/31	253.11 k	265.00 k principal	0.14	Debt	Long	USA
CHTR 4.5 06/01/33 144A	252.42 k	300.00 k principal	0.14	Debt	Long	USA
NCLH 5.875 03/15/26 144A	249.66 k	250.00 k principal	0.14	Debt	Long	Bermuda
athenahealth Term Loan B 350 2029-01-16	244.80 k	244.54 k principal	0.13	Loan	Long	USA
BLCO Bausch + Lomb Corporation	243.23 k	235.00 k principal	0.13	Debt	Long	Canada
LVLT 10.5 05/15/30 144A	242.85 k	223.00 k principal	0.13	Debt	Long	USA
DTV 5.875 08/15/27 144A	242.60 k	249.00 k principal	0.13	Debt	Long	USA
SATS EchoStar Corporation	241.94 k	225.00 k principal	0.13	Debt	Long	USA
AMPBEV 4 09/01/29 144A	240.52 k	280.00 k principal	0.13	Debt	Long	Ireland
WIN 8.25 10/01/31 144A	229.29 k	222.00 k principal	0.13	Debt	Long	USA
CLEAR CHANNEL INT TL	227.69 k	231.74 k principal	0.13	Debt	Long	USA
FTAI 7 05/01/31 144A	227.46 k	223.00 k principal	0.13	Debt	Long	USA
CSTM 3.75 04/15/29 144A	226.29 k	250.00 k principal	0.12	Debt	Long	France
CLGX Corelogic, Inc.	225.20 k	242.00 k principal	0.12	Debt	Long	USA
CHTR 6.375 09/01/29 144A	223.08 k	225.00 k principal	0.12	Debt	Long	USA
VAL 8.375 04/30/30 144A	220.30 k	218.00 k principal	0.12	Debt	Long	Bermuda
BCS Barclays PLC	220.07 k	200.00 k principal	0.12	Debt	Long	UK
HWDGRP 8.125 02/15/32 144A	217.53 k	213.00 k principal	0.12	Debt	Long	UK
RKUNY Rakuten Group, Inc.	216.41 k	200.00 k principal	0.12	Debt	Long	Japan
HUSKYI 9 02/15/29 144A	216.11 k	207.00 k principal	0.12	Debt	Long	Canada
CYH 5.625 03/15/27 144A	215.94 k	225.00 k principal	0.12	Debt	Long	USA
CHTR 7.375 03/01/31 144A	213.07 k	209.00 k principal	0.12	Debt	Long	USA
FM First Quantum Minerals Ltd	212.69 k	200.00 k principal	0.12	Debt	Long	Canada
SOLEIN 9.75 11/15/28 144A	212.20 k	200.00 k principal	0.12	Debt	Long	USA
WRLDPY 7.5 01/15/31 144A	209.67 k	200.00 k principal	0.12	Debt	Long	USA
KALU Kaiser Aluminum Corporation	208.92 k	237.00 k principal	0.11	Debt	Long	USA
B 6.75 02/01/32 144A	207.95 k	210.00 k principal	0.11	Debt	Long	USA
ARDGRP 8.875 02/15/32 144A	207.80 k	200.00 k principal	0.11	Debt	Long	Jersey
NOG Northern Oil and Gas, Inc.	207.13 k	204.00 k principal	0.11	Debt	Long	USA
ARDGRP 7.75 02/15/31 144A	205.95 k	200.00 k principal	0.11	Debt	Long	Jersey
OPTICS 7.2 07/18/36 144A	204.14 k	200.00 k principal	0.11	Debt	Long	Italy
ALIANT 5.875 11/01/29 144A	203.67 k	212.00 k principal	0.11	Debt	Long	USA
SOLEIN 7.25 06/15/31 144A	203.15 k	200.00 k principal	0.11	Debt	Long	USA
BCULC 4 10/15/30 144A	201.23 k	225.00 k principal	0.11	Debt	Long	Canada
ILDFP 7 04/15/32 144A	201.01 k	200.00 k principal	0.11	Debt	Long	France
AA 5.5 12/15/27 144A	200.71 k	200.00 k principal	0.11	Debt	Long	Netherlands
FORGTL 7.375 08/15/26 XR	200.04 k	200.00 k principal	0.11	Debt	Long	Italy
CHBANI 7.625 07/01/29 144A	199.58 k	193.00 k principal	0.11	Debt	Long	USA
CCL Carnival Corporation & plc	199.53 k	200.00 k principal	0.11	Debt	Long	Panama
BID Sotheby's	197.77 k	200.00 k principal	0.11	Debt	Long	USA
CSCHLD 11.75 01/31/29 144A	197.72 k	200.00 k principal	0.11	Debt	Long	USA
CSCHLD 11.25 05/15/28 144A	197.38 k	200.00 k principal	0.11	Debt	Long	USA
TIBX TIBCO Software Inc	196.31 k	200.00 k principal	0.11	Debt	Long	USA
THYELE 5.25 07/15/27 144A	195.79 k	200.00 k principal	0.11	Debt	Long	USA
RHP 6.5 04/01/32 144A	194.98 k	194.00 k principal	0.11	Debt	Long	USA
HEXWIN 5.375 10/31/26 144A	194.87 k	200.00 k principal	0.11	Debt	Long	Mauritius
BA The Boeing Company	194.85 k	3.20 k principal	0.11	Preferred equity	Long	USA
OUT 5 08/15/27 144A	194.64 k	200.00 k principal	0.11	Debt	Long	USA
CONCEN 6.875 07/15/32 144A	193.22 k	190.00 k principal	0.11	Debt	Long	USA
VST Vistra Corp.	192.09 k	191.00 k principal	0.11	Debt	Long	USA
HNDLIN 3.875 08/15/31 144A	192.00 k	223.00 k principal	0.11	Debt	Long	USA
CLVTSC 3.875 07/01/28 144A	191.90 k	206.00 k principal	0.11	Debt	Long	USA
WNC Wabash National Corporation	191.77 k	210.00 k principal	0.11	Debt	Long	USA
ALTICE 5.75 08/15/29 144a	190.33 k	260.00 k principal	0.10	Debt	Long	Luxembourg
ATHENA 6.5 02/15/30 144A	190.07 k	200.00 k principal	0.10	Debt	Long	USA
SOLEIN 6.25 10/01/29 144A	190.00 k	200.00 k principal	0.10	Debt	Long	USA
ALIANT 6.75 10/15/27 144A	187.44 k	189.00 k principal	0.10	Debt	Long	USA
UNIT 10.5 02/15/28 144A	186.60 k	175.00 k principal	0.10	Debt	Long	USA
CCO Clear Channel Outdoor Holdings, Inc.	186.28 k	181.00 k principal	0.10	Debt	Long	USA
CHTR 4.25 01/15/34 144A	185.79 k	229.00 k principal	0.10	Debt	Long	USA
INTMAT 6.5 08/01/29 144A	184.92 k	202.00 k principal	0.10	Debt	Long	USA
SURCEN 7.25 04/15/32 144A	184.64 k	181.00 k principal	0.10	Debt	Long	USA
CCO Clear Channel Outdoor Holdings, Inc.	184.61 k	211.00 k principal	0.10	Debt	Long	USA
LNZING 4.75 05/15/28 144A	184.54 k	200.00 k principal	0.10	Debt	Long	Luxembourg
BORRNO 10 11/15/28 144A	184.52 k	185.37 k principal	0.10	Debt	Long	Bermuda
IRM 5 07/15/32 144A	184.17 k	200.00 k principal	0.10	Debt	Long	USA
ST 4 04/15/29 144A	183.53 k	200.00 k principal	0.10	Debt	Long	Netherlands
ALIANT 7.375 10/01/32 144A	182.67 k	181.00 k principal	0.10	Debt	Long	USA
MPEL 5.375 12/04/29 144A	182.58 k	200.00 k principal	0.10	Debt	Long	Cayman Islands
FOUR 6.75 08/15/32 144A	182.05 k	179.00 k principal	0.10	Debt	Long	USA
AHOMES 9.25 10/15/28 144A	181.51 k	175.00 k principal	0.10	Debt	Long	USA
SUNN 4.875 07/15/31 144A	181.41 k	200.00 k principal	0.10	Debt	Long	Netherlands
ILOGIC 5 05/01/28 144A	180.91 k	200.00 k principal	0.10	Debt	Long	USA
CALCOL 7.625 01/30/32 144A	180.77 k	176.00 k principal	0.10	Debt	Long	USA
Legacy Lifepoint Health, Inc.	180.00 k	164.00 k principal	0.10	Debt	Long	USA
ARGID 4.125 08/15/26 144A	180.00 k	200.00 k principal	0.10	Debt	Long	Ireland
BCS Barclays PLC	179.87 k	200.00 k principal	0.10	Debt	Long	UK
OGN 5.125 04/30/31 144A	179.76 k	200.00 k principal	0.10	Debt	Long	USA
RCL 6 02/01/33 144A	178.57 k	179.00 k principal	0.10	Debt	Long	Liberia
Bayer's Environmental Science Professional First-lien Term Loan 437.5 2029-07-23	176.39 k	175.60 k principal	0.10	Loan	Long	USA
ESI Element Solutions Inc	175.48 k	185.00 k principal	0.10	Debt	Long	USA
CCL Carnival Corporation & plc	175.26 k	175.00 k principal	0.10	Debt	Long	Panama
UNSEAM 4.625 06/01/28 144A	174.92 k	185.00 k principal	0.10	Debt	Long	USA
ISPIM V4.198 06/01/32	173.94 k	200.00 k principal	0.10	Debt	Long	Italy
AAL 5.75 04/20/29 144A	173.55 k	175.00 k principal	0.10	Debt	Long	Cayman Islands
RCL 5.625 09/30/31 144A	173.12 k	176.00 k principal	0.10	Debt	Long	Liberia
CITPET 8.375 01/15/29 144A	173.09 k	168.00 k principal	0.10	Debt	Long	USA
CSCHLD 5.375 02/01/28 144A	172.63 k	200.00 k principal	0.10	Debt	Long	USA
VMED 4.75 07/15/31 144A	171.94 k	200.00 k principal	0.09	Debt	Long	UK
CYH 5.25 05/15/30 144A	171.66 k	209.00 k principal	0.09	Debt	Long	USA
CZR Caesars Entertainment, Inc.	170.77 k	170.00 k principal	0.09	Debt	Long	USA
CRK Comstock Resources, Inc.	170.67 k	183.00 k principal	0.09	Debt	Long	USA
HILCRP 8.375 11/01/33 144A	170.47 k	167.00 k principal	0.09	Debt	Long	USA
RIG 8.5 05/15/31 144A	169.60 k	173.00 k principal	0.09	Debt	Long	Bermuda
USFOOD 4.625 06/01/30 144A	169.32 k	180.00 k principal	0.09	Debt	Long	USA
PBFENE 6 02/15/28	167.82 k	175.00 k principal	0.09	Debt	Long	USA
VTLE Vital Energy, Inc.	167.42 k	174.00 k principal	0.09	Debt	Long	USA