Multi-Manager Emerging Markets Debt Opportunity Fund

Fund Profile

Fund profile

Tickers

NMEDX

Fund manager

Northern Funds

Total assets

$123.74 mm

Liabilities

$839.86 k

Net assets

$122.90 mm

Number of holdings

652.00

Top 200 of 652 Holdings

As of Sep 2023

Security	$Holding	Balance	% of Fund	Category	Position	Country
Northern Inst Fds GOVT PTFL	3.40 mm	3.40 mm shares	2.77	Short-term investment vehicle	Long	USA
Northern Inst Fds GOVT PTFL	2.46 mm	2.46 mm shares	2.00	Short-term investment vehicle	Long	USA
B 0 10/17/23	2.35 mm	2.35 mm principal	1.91	Debt	Long	USA
B 0 07/11/24	1.30 mm	1.36 mm principal	1.06	Debt	Long	USA
BNTNF 10 01/01/29 NTNF	1.15 mm	6.08 mm principal	0.93	Debt	Long	Brazil
BNTNF 10 01/01/27 NTNF	1.15 mm	5.90 mm principal	0.93	Debt	Long	Brazil
Northern Inst Fds GOVT PTFL	1.06 mm	1.06 mm shares	0.86	Short-term investment vehicle	Long	USA
PEMEX 5.95 01/28/31	833.85 k	1.17 mm principal	0.68	Debt	Long	Mexico
TEVA 3.15 10/01/26	757.58 k	850.00 k principal	0.62	Debt	Long	Netherlands
QATAR 4 03/14/29 REGS	739.14 k	775.00 k principal	0.60	Debt	Long	Qatar
PDVSA 8.5 10/27/20 REGS	725.45 k	1.48 mm principal	0.59	Debt	Long	Venezuela (Bolivarian Republic of)
INDOGB 8.375 09/15/26 FR56	715.89 k	10.50 bn principal	0.58	Debt	Long	Indonesia
SAGB 8.25 03/31/32 2032	681.28 k	15.80 mm principal	0.55	Debt	Long	South Africa
INDON 4.85 01/11/33	642.24 k	675.00 k principal	0.52	Debt	Long	Indonesia
CROATI 1.5 06/17/31	620.54 k	700.00 k principal	0.50	Debt	Long	Croatia
INDON 6.625 02/17/37 REGS	581.17 k	550.00 k principal	0.47	Debt	Long	Indonesia
QATAR 5.103 04/23/48 REGS	567.15 k	625.00 k principal	0.46	Debt	Long	Qatar
INDOGB 9.5 07/15/31 FR54	541.03 k	7.20 bn principal	0.44	Debt	Long	Indonesia
THAIGB 0.75 09/17/24	540.51 k	20.00 mm principal	0.44	Debt	Long	Thailand
COLTES 7 06/30/32 B	536.43 k	2.90 bn principal	0.44	Debt	Long	Colombia
ROMGB 8.75 10/30/28 6Y	530.06 k	2.30 mm principal	0.43	Debt	Long	Romania
COLOM 3.125 04/15/31	517.20 k	700.00 k principal	0.42	Debt	Long	Colombia
UZBEK 3.7 11/25/30 REGS	493.66 k	630.00 k principal	0.40	Debt	Long	Uzbekistan
SAGB 8.25 03/31/32 2032	492.03 k	11.41 mm principal	0.40	Debt	Long	South Africa
THAIGB 2.4 12/17/23	486.19 k	17.71 mm principal	0.40	Debt	Long	Thailand
EGYPT 5.625 04/16/30 REGS	485.35 k	825.00 k principal	0.39	Debt	Long	Egypt
MBONO 7.75 05/29/31 M	472.85 k	9.35 mm principal	0.38	Debt	Long	Mexico
DEBTAS 1 10/10/25 REGS	462.00 k	550.00 k principal	0.38	Debt	Long	Viet Nam
OMAN 6.75 01/17/48 REGS	462.00 k	501.00 k principal	0.38	Debt	Long	Oman
BTPCL 5 10/01/28	457.37 k	430.00 mm principal	0.37	Debt	Long	Chile
CZGB 3.5 05/30/35 145	451.23 k	11.70 mm principal	0.37	Debt	Long	Czechia
FM First Quantum Minerals Ltd	447.83 k	450.00 k principal	0.36	Debt	Long	Canada
COLTES 6 04/28/28 B	445.12 k	2.20 bn principal	0.36	Debt	Long	Colombia
INDOGB 6.5 02/15/31 FR87	444.75 k	7.00 bn principal	0.36	Debt	Long	Indonesia
MBONO 10 11/20/36 M	443.93 k	7.70 mm principal	0.36	Debt	Long	Mexico
MGS 3.9 11/30/26 0316	440.10 k	2.05 mm principal	0.36	Debt	Long	Malaysia
MBONO 7.75 05/29/31 M	434.92 k	8.60 mm principal	0.35	Debt	Long	Mexico
INDOGB 7 02/15/33 FR96	427.59 k	6.55 bn principal	0.35	Debt	Long	Indonesia
GHANA 7.875 02/11/35 REGS	426.57 k	950.00 k principal	0.35	Debt	Long	Ghana
SAGB 8.5 01/31/37 2037	425.56 k	11.00 mm principal	0.35	Debt	Long	South Africa
ROMGB 4.75 10/11/34 15Y	424.07 k	2.40 mm principal	0.35	Debt	Long	Romania
THAIGB 3.3 06/17/38	416.50 k	15.50 mm principal	0.34	Debt	Long	Thailand
GUATEM 4.5 05/03/26 REGS	412.17 k	435.00 k principal	0.34	Debt	Long	Guatemala
MGS 3.582 07/15/32 0122	412.16 k	2.00 mm principal	0.34	Debt	Long	Malaysia
THAIGB 2.4 12/17/23	411.88 k	15.00 mm principal	0.34	Debt	Long	Thailand
MBONO 8.5 05/31/29 M	408.09 k	7.60 mm principal	0.33	Debt	Long	Mexico
PIFKSA 5.125 02/14/53	407.86 k	500.00 k principal	0.33	Debt	Long	Cayman Islands
MGS 3.478 06/14/24 0319	404.03 k	1.89 mm principal	0.33	Debt	Long	Malaysia
SCBFY Standard Chartered PLC	402.92 k	405.00 k principal	0.33	Debt	Long	UK
CGB 2.24 05/25/25 INBK	402.30 k	2.94 mm principal	0.33	Debt	Long	China
MBONO 8 09/05/24 M	400.50 k	7.19 mm principal	0.33	Debt	Long	Mexico
SGCAZE 6.875 03/24/26 REGS	398.79 k	400.00 k principal	0.32	Debt	Long	Azerbaijan
LUMIIT V7.129 07/18/33	393.50 k	400.00 k principal	0.32	Debt	Long	Israel
POLGB 6 10/25/33 1033	392.40 k	1.70 mm principal	0.32	Debt	Long	Poland
ADGB 3.125 09/30/49 REGS	391.31 k	600.00 k principal	0.32	Debt	Long	United Arab Emirates
SCHYF Sands China Ltd.	390.65 k	415.00 k principal	0.32	Debt	Long	Cayman Islands
OMAN 5.625 01/17/28 REGS	390.41 k	400.00 k principal	0.32	Debt	Long	Oman
GASBCM 6.129 02/23/38 144A	390.32 k	400.00 k principal	0.32	Debt	Long	Luxembourg
EQPTRC 5 05/18/25 144A	390.00 k	400.00 k principal	0.32	Debt	Long	Canada
BBLTB V3.466 09/23/36 144A	387.65 k	500.00 k principal	0.32	Debt	Long	Thailand
KSA 2.25 02/02/33 REGS	383.95 k	500.00 k principal	0.31	Debt	Long	Saudi Arabia
MEDCIJ 6.95 11/12/28 144A	374.75 k	405.00 k principal	0.30	Debt	Long	Singapore
LVIATH 6.75 06/30/30	373.96 k	405.00 k principal	0.30	Debt	Long	Israel
BBVASM V8.45 06/29/38 144A	369.62 k	375.00 k principal	0.30	Debt	Long	Mexico
PHILIP 3.75 01/14/29	369.51 k	400.00 k principal	0.30	Debt	Long	Philippines
PERUGB 6.15 08/12/32	368.87 k	1.50 mm principal	0.30	Debt	Long	Peru
NTBKKK V2.5 11/24/30	365.60 k	400.00 k principal	0.30	Debt	Long	United Arab Emirates
TRAGAS 6.75 05/02/25 REGS	360.88 k	385.00 k principal	0.29	Debt	Long	Argentina
MEX 4.75 04/27/32	360.14 k	400.00 k principal	0.29	Debt	Long	Mexico
HGB 3 10/27/27 27/A	357.89 k	156.35 mm principal	0.29	Debt	Long	Hungary
ADGB 4.125 10/11/47 REGS	356.01 k	450.00 k principal	0.29	Debt	Long	United Arab Emirates
POLGB 2.5 07/25/27 0727	354.56 k	1.70 mm principal	0.29	Debt	Long	Poland
ESKOM 4.314 07/23/27	351.34 k	400.00 k principal	0.29	Debt	Long	South Africa
SERBIA 1.5 06/26/29 REGS	346.69 k	425.00 k principal	0.28	Debt	Long	Serbia
DOMREP 4.875 09/23/32 REGS	344.71 k	425.00 k principal	0.28	Debt	Long	Dominican Republic
MGS 3.733 06/15/28 0513	340.05 k	1.60 mm principal	0.28	Debt	Long	Malaysia
NGERIA 7.143 02/23/30 REGS	332.32 k	420.00 k principal	0.27	Debt	Long	Nigeria
SHNHAN 3.875 03/24/26 144A	330.10 k	350.00 k principal	0.27	Debt	Long	Korea, Republic of
INDOGB 7.125 06/15/38 FR98	325.23 k	4.97 bn principal	0.26	Debt	Long	Indonesia
BRFS BRF S.A.	323.72 k	400.00 k principal	0.26	Debt	Long	Brazil
SRILAN 6.2 05/11/27 REGS	322.55 k	700.00 k principal	0.26	Debt	Long	Sri Lanka
MGS 3.899 11/16/27 0417	322.03 k	1.50 mm principal	0.26	Debt	Long	Malaysia
BNTNF 10 01/01/27 NTNF	320.07 k	1.65 mm principal	0.26	Debt	Long	Brazil
COLTES 13.25 02/09/33 B	319.09 k	1.20 bn principal	0.26	Debt	Long	Colombia
HNTOIL 8.55 09/18/33 144A	318.15 k	315.00 k principal	0.26	Debt	Long	Peru
CAMEBO 5.25 04/27/29 144A	315.88 k	350.00 k principal	0.26	Debt	Long	Virgin Islands (British)
PERUGB 5.4 08/12/34	315.83 k	1.40 mm principal	0.26	Debt	Long	Peru
SILAMX 5.375 04/04/32 144A	314.20 k	365.00 k principal	0.26	Debt	Long	Mexico
EC Ecopetrol S.A.	312.03 k	325.00 k principal	0.25	Debt	Long	Colombia
LBTCOR 10.875 01/15/31 144A	310.77 k	310.00 k principal	0.25	Debt	Long	Cayman Islands
THAIGB 2.125 12/17/26	310.65 k	11.50 mm principal	0.25	Debt	Long	Thailand
KTB 3.25 06/10/33 3306	307.74 k	443.46 mm principal	0.25	Debt	Long	Korea, Republic of
MGS 4.504 04/30/29 0322	307.26 k	1.40 mm principal	0.25	Debt	Long	Malaysia
YKBNK 9.25 10/16/28 144A	306.33 k	305.00 k principal	0.25	Debt	Long	Turkey
SAGB 8 01/31/30 2030	304.42 k	6.60 mm principal	0.25	Debt	Long	South Africa
TIEMOD 5.75 12/01/40 REGS	303.98 k	365.59 k principal	0.25	Debt	Long	Luxembourg
VODUKR 6.2 02/11/25 REGS	302.00 k	400.00 k principal	0.25	Debt	Long	UK
POHANG 4.375 08/04/25 144A	301.72 k	310.00 k principal	0.25	Debt	Long	Korea, Republic of
HGB 3 10/27/27 27/A	299.86 k	131.00 mm principal	0.24	Debt	Long	Hungary
PANAMA 3.875 03/17/28	298.43 k	325.00 k principal	0.24	Debt	Long	Panama
MGS 3.828 07/05/34 0419	298.17 k	1.43 mm principal	0.24	Debt	Long	Malaysia
SAGB 8.875 02/28/35 2035	297.78 k	7.14 mm principal	0.24	Debt	Long	South Africa
ANGOL 9.375 05/08/48 REGS	296.12 k	400.00 k principal	0.24	Debt	Long	Angola
PEMEX 6.75 09/21/47	292.71 k	494.00 k principal	0.24	Debt	Long	Mexico
ADGLXY 3.25 09/30/40 REGS	292.39 k	400.00 k principal	0.24	Debt	Long	Jersey
ROMANI 2 04/14/33 REGS	291.82 k	400.00 k principal	0.24	Debt	Long	Romania
TENGIZ 4 08/15/26 144A	291.74 k	325.00 k principal	0.24	Debt	Long	Bermuda
INDOGB 8.75 05/15/31 FR73	290.23 k	4.00 bn principal	0.24	Debt	Long	Indonesia
IENOVA 4.875 01/14/48 144A	289.99 k	400.00 k principal	0.24	Debt	Long	Mexico
SCBFY Standard Chartered PLC	289.40 k	300.00 k principal	0.24	Debt	Long	UK
KZOKZ 6.375 10/24/48 144A	288.83 k	355.00 k principal	0.24	Debt	Long	Kazakhstan
TAQAUH 4.696 04/24/33 144A	285.30 k	300.00 k principal	0.23	Debt	Long	United Arab Emirates
MBONO 8.5 11/18/38 M	284.96 k	5.63 mm principal	0.23	Debt	Long	Mexico
AES 4.375 05/31/30 144A	273.75 k	322.09 k principal	0.22	Debt	Long	Panama
BNTNF 10 01/01/33 NTNF	272.57 k	1.50 mm principal	0.22	Debt	Long	Brazil
BRASKM 8.5 01/12/31 144A	272.51 k	275.00 k principal	0.22	Debt	Long	Netherlands
IVYCST 4.875 01/30/32 REGS	270.50 k	335.00 k principal	0.22	Debt	Long	Côte d'Ivoire
THAIGB 3.775 06/25/32	269.27 k	9.41 mm principal	0.22	Debt	Long	Thailand
MGS 4.696 10/15/42 0222	268.64 k	1.20 mm principal	0.22	Debt	Long	Malaysia
OCPMR 5.125 06/23/51 REGS	266.22 k	400.00 k principal	0.22	Debt	Long	Morocco
HLSTWR 7 12/18/25 REGS	265.60 k	275.00 k principal	0.22	Debt	Long	Mauritius
PERUGB 5.4 08/12/34	263.04 k	1.17 mm principal	0.21	Debt	Long	Peru
SAGB 10.5 12/21/26 R186	262.13 k	4.82 mm principal	0.21	Debt	Long	South Africa
JBSSBZ 3.75 12/01/31	260.34 k	325.00 k principal	0.21	Debt	Long	Luxembourg
Northern Inst Fds GOVT PTFL	259.09 k	259.09 k shares	0.21	Short-term investment vehicle	Long	USA
CGB 2.75 02/17/32 INBK	256.31 k	1.87 mm principal	0.21	Debt	Long	China
BNTNF 10 01/01/29 NTNF	255.25 k	1.35 mm principal	0.21	Debt	Long	Brazil
SASOL 5.5 03/18/31	254.70 k	325.00 k principal	0.21	Debt	Long	USA
ECLCI 3.4 01/28/30 REGS	249.52 k	300.00 k principal	0.20	Debt	Long	Chile
ROMGB 8.25 09/29/32 10Y	249.00 k	1.09 mm principal	0.20	Debt	Long	Romania
THAIGB 0.75 09/17/24	247.98 k	9.18 mm principal	0.20	Debt	Long	Thailand
POLGB 2.5 07/25/27 0727	247.98 k	1.19 mm principal	0.20	Debt	Long	Poland
AICNRA 5.75 06/15/33 144A	247.64 k	350.00 k principal	0.20	Debt	Long	Spain
BNKEA V6.75 03/15/27 EMTN	247.21 k	250.00 k principal	0.20	Debt	Long	Hong Kong
THAIGB 2.35 06/17/26	246.84 k	9.05 mm principal	0.20	Debt	Long	Thailand
BNTNF 10 01/01/25 NTNF	246.21 k	1.25 mm principal	0.20	Debt	Long	Brazil
DOMREP 5.5 01/27/25 REGS	246.13 k	250.00 k principal	0.20	Debt	Long	Dominican Republic
CGB 2.75 02/17/32 INBK	243.75 k	1.78 mm principal	0.20	Debt	Long	China
INDTLL 5.5 08/19/24 REGS	243.63 k	250.00 k principal	0.20	Debt	Long	Mauritius
PARGUY 5 04/15/26 REGS	243.55 k	250.00 k principal	0.20	Debt	Long	Paraguay
DOMREP 4.875 09/23/32 REGS	243.33 k	300.00 k principal	0.20	Debt	Long	Dominican Republic
ICBPIJ 3.398 06/09/31	243.17 k	300.00 k principal	0.20	Debt	Long	Indonesia
ROMANI 1.75 07/13/30 REGS	240.74 k	300.00 k principal	0.20	Debt	Long	Romania
MBONO 7.5 06/03/27 M	240.62 k	4.59 mm principal	0.20	Debt	Long	Mexico
CHLELC 6.01 01/20/33 144A	238.80 k	240.00 k principal	0.19	Debt	Long	Luxembourg
DRCBN 13 12/05/25 REGS	238.14 k	13.00 mm principal	0.19	Debt	Long	Dominican Republic
ALFACL 4.55 09/27/51 144A	237.75 k	347.82 k principal	0.19	Debt	Long	Chile
FUNOTR 4.869 01/15/30 144A	237.13 k	280.00 k principal	0.19	Debt	Long	Mexico
WESODA 9.5 10/06/28 144A	236.76 k	235.00 k principal	0.19	Debt	Long	UK
ENOGLN 6.5 04/30/27 144A	235.95 k	260.00 k principal	0.19	Debt	Long	UK
BLTN 0 07/01/26 LTN	235.86 k	1.57 mm principal	0.19	Debt	Long	Brazil
KTB 4.25 12/10/32 3212	233.35 k	309.62 mm principal	0.19	Debt	Long	Korea, Republic of
GNFPSO 5.198 06/15/34 144A	233.24 k	274.12 k principal	0.19	Debt	Long	Luxembourg
ENOIGA 4.875 03/30/26	232.88 k	250.00 k principal	0.19	Debt	Long	Israel
LLPLCA 6.875 02/04/39 144A	232.87 k	261.50 k principal	0.19	Debt	Long	Singapore
GRNKEN 5.5 04/06/25 144A	229.91 k	240.00 k principal	0.19	Debt	Long	Mauritius
EMBRBZ 7 07/28/30 144A	228.15 k	230.00 k principal	0.19	Debt	Long	Netherlands
ADSEZ 3.1 02/02/31 144A	227.62 k	330.00 k principal	0.19	Debt	Long	India
POLGB 2.75 04/25/28 0428	227.61 k	1.10 mm principal	0.19	Debt	Long	Poland
MONDFI 5.125 05/07/29 144A	225.88 k	250.00 k principal	0.18	Debt	Long	Netherlands
TURKEY 4.875 04/16/43	224.41 k	355.00 k principal	0.18	Debt	Long	Turkey
BHRAIN 5.625 05/18/34 REGS	223.17 k	260.00 k principal	0.18	Debt	Long	Bahrain
COLTES 9.25 05/28/42 B	222.79 k	1.14 bn principal	0.18	Debt	Long	Colombia
COMCEL 5.125 02/03/32 144A	222.36 k	285.00 k principal	0.18	Debt	Long	Cayman Islands
CSNABZ 4.625 06/10/31 144A	220.95 k	290.00 k principal	0.18	Debt	Long	Luxembourg
MCBRAC 7.25 06/30/31 144A	218.60 k	285.04 k principal	0.18	Debt	Long	Luxembourg
TURKEY 4.875 04/16/43	218.09 k	345.00 k principal	0.18	Debt	Long	Turkey
CZGB 2.75 07/23/29 105	217.89 k	5.58 mm principal	0.18	Debt	Long	Czechia
BGOSK 0.375 10/13/28 EMTN	215.30 k	250.00 k principal	0.18	Debt	Long	Poland
KYOBOL V5.9 06/15/52 144A	214.60 k	220.00 k principal	0.17	Debt	Long	Korea, Republic of
THAIGB 3.775 06/25/32	214.59 k	7.50 mm principal	0.17	Debt	Long	Thailand
ADGB 3.875 04/16/50 REGS	214.14 k	285.00 k principal	0.17	Debt	Long	United Arab Emirates
SIGMA 4.125 05/02/26 144A	213.70 k	225.00 k principal	0.17	Debt	Long	Mexico
UZBEK 14 07/19/24 REGS	213.50 k	2.60 bn principal	0.17	Debt	Long	Uzbekistan
POLGB 2.75 10/25/29 1029	212.85 k	1.07 mm principal	0.17	Debt	Long	Poland
AYDEMT 7.75 02/02/27 REGS	212.64 k	240.00 k principal	0.17	Debt	Long	Turkey
AIA 5.625 10/25/27 144A	211.60 k	210.00 k principal	0.17	Debt	Long	Hong Kong
IHSHLD 8 09/18/27 REGS	210.39 k	250.00 k principal	0.17	Debt	Long	Netherlands
RPVIN 4.5 07/14/28 144A	210.23 k	250.00 k principal	0.17	Debt	Long	India
POLGB 7.5 07/25/28 0728	209.90 k	838.00 k principal	0.17	Debt	Long	Poland
PERU 1.862 12/01/32	207.75 k	288.00 k principal	0.17	Debt	Long	Peru
HYNMTR 5.5 03/30/26 144A	207.24 k	210.00 k principal	0.17	Debt	Long	USA
GNNEIA 8.75 09/02/27 144A	206.58 k	216.00 k principal	0.17	Debt	Long	Argentina
KOS Kosmos Energy Ltd.	206.46 k	230.00 k principal	0.17	Debt	Long	USA
CZGB 1.75 06/23/32 138	206.32 k	6.00 mm principal	0.17	Debt	Long	Czechia
TRANSM 5.2 04/11/38 144A	204.88 k	230.00 k principal	0.17	Debt	Long	Peru
KSA 5.25 01/16/50 REGS	204.81 k	235.00 k principal	0.17	Debt	Long	Saudi Arabia
PERU 2.783 01/23/31	204.72 k	250.00 k principal	0.17	Debt	Long	Peru
KAZAKS 6.5 07/21/45 REGS	203.96 k	200.00 k principal	0.17	Debt	Long	Kazakhstan
OMAN 6.75 10/28/27 REGS	203.76 k	200.00 k principal	0.17	Debt	Long	Oman
EXCRTU 9.375 01/31/26 144A	203.14 k	200.00 k principal	0.17	Debt	Long	Turkey
GNBSUD V7.5 04/16/31 144A	203.00 k	250.00 k principal	0.17	Debt	Long	Colombia
NFE New Fortress Energy Inc.	202.56 k	220.00 k principal	0.16	Debt	Long	USA
PERUGB 6.15 08/12/32	202.39 k	823.00 k principal	0.16	Debt	Long	Peru
AEGEBZ 9 01/20/31 144A	201.60 k	200.00 k principal	0.16	Debt	Long	Luxembourg
TSKBTI 9.375 10/19/28 144A	201.08 k	200.00 k principal	0.16	Debt	Long	Turkey
EC Ecopetrol S.A.	200.71 k	200.00 k principal	0.16	Debt	Long	Colombia
PRXNA 4.027 08/03/50 144A	200.40 k	350.00 k principal	0.16	Debt	Long	Netherlands
ZAMBIN 5.375 09/20/22 REGS	200.10 k	400.00 k principal	0.16	Debt	Long	Zambia
ENOIGA 8.5 09/30/33	199.85 k	200.00 k principal	0.16	Debt	Long	Israel