Signon to Passport
 |
Bradley Camden With Northern Trust since 2005 |
 |
Fred A. Azar, CPA With Northern Trust since 2004 |
Fact Sheet 
Review fund performance
View fund performance for equity, fixed income and money market funds.
Choosing a Fund
Use our Risk/Reward spectrum to navigate your way to the mutual fund that is right for you.
The Short Bond Fund seeks to maximize total return consistent with reasonable risk by investing primarily in a broad range of bonds and other fixed income securities. This Fund maintains a dollar-weighted average maturity between one and three years. Dividends, if any, are declared and paid monthly. Capital gains, if any, are distributed at least annually.
Fund Objective: Total Return
Fund Objective: Total Return
|     |
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Prior to November 16, 2012 the Fund was registered as the Northern Institutional Short Bond Portfolio. The performance record from the Northern Institutional Short Bond Portfolio has been carried over to the Northern Funds Short Bond Fund.
Performance quoted represents past performance and does not guarantee future results. Investment return and principal value will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than that shown here.
The Advisor has agreed to reimburse certain expenses of the Fund (excluding acquired fund fees and expenses; a portion of the compensation paid to each Trustee who is not an officer, director or employee of Northern Trust Corporation or its subsidiaries; expenses related to third-party consultants engaged by the Board of Trustees of the Trust; membership dues paid to the Investment Company Institute and Mutual Fund Directors Forum; extraordinary expenses; and interest, if any) to the extent the "Total Annual Fund Operating Expenses After Expense Reimbursement" exceed 0.40%. The contractual limitation may not be terminated before July 31, 2014 without the approval of the Board of Trustees. In the absence of fee waivers, yield, total return, growth since inception and dividends would have been reduced. Total return is based on net change in NAV assuming reinvestment of distributions.
Disclosure
Performance quoted represents past performance and does not guarantee future results. Investment return and principal value will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than that shown here.
The Advisor has agreed to reimburse certain expenses of the Fund (excluding acquired fund fees and expenses; a portion of the compensation paid to each Trustee who is not an officer, director or employee of Northern Trust Corporation or its subsidiaries; expenses related to third-party consultants engaged by the Board of Trustees of the Trust; membership dues paid to the Investment Company Institute and Mutual Fund Directors Forum; extraordinary expenses; and interest, if any) to the extent the "Total Annual Fund Operating Expenses After Expense Reimbursement" exceed 0.40%. The contractual limitation may not be terminated before July 31, 2014 without the approval of the Board of Trustees. In the absence of fee waivers, yield, total return, growth since inception and dividends would have been reduced. Total return is based on net change in NAV assuming reinvestment of distributions.
Disclosure
| Gross Expense Ratio | Net Expense Ratio‡ | |
| Short Bond (BSBAX) | 0.80% | 0.43% |
| ‡Includes contractual expense reimbursements that, if not extended, will end on November |
||
| 2012 | 2011 | 2010 | 2009 | 2008 | |
| Short Bond | 3.07% | 2.27% | 3.69% | 4.95% | 3.12% |
| Barclays 1-3 Yr US Gov/Credit Index | 1.26% | 1.59% | 2.80% | 3.83% | 4.97% |
| Morningstar Category Avg. Short-Term Bond | 3.67% | 1.66% | 4.11% | 9.30% | -4.23% |
| Performance quoted represents past performance and does not guarantee future results. | |||||
| Number of Holdings | 339 |
| Average Duration† | 2.0 YRS |
| Average Maturity | 2.9 YRS |
| Weighted Average Coupon | 2.53% |
| Yield to Maturity | 1.18% |
| Income** | $0.0194 |
| Dividend Schedule | Monthly |
| Dividend Income Last Quarter | $0.0488 |
| Capital Gain Income Last Quarter | N/A |
| Benchmark | Barclays 1-3 Year U.S. Government /Credit Index |
| Morningstar Category | Short-Term Bond |
|
|||||||||||||||||||||||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||||||||||||||||||||||
|
