Northern Short Bond Fund (BSBAX)
The fund will invest, under normal circumstances, at least 80% of its net assets in bonds and other fixed-income securities. Although the fund primarily invests in investment grade domestic debt obligations, it may also invest in domestic and foreign debt obligations that are rated below-investment grade. The fund's dollar-weighted average maturity, under normal circumstances, will range between one and three years.
Fund Info
ISIN | US6651623687 |
---|---|
CUSIP | 665162368 |
Issuer | Northern Funds |
Inception Date | Jan 11, 1993 |
Category | Short-Term Bond |
Min. Investment | $2,500 |
Asset Class | Bond |
Expense Ratio
The Northern Short Bond Fund has a high expense ratio of 0.40%, indicating higher-than-average management fees.
Share Price Chart
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Compare to other instruments
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Northern Short Bond Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Northern Short Bond Fund had a return of 0.32% year-to-date (YTD) and 3.72% in the last 12 months. Over the past 10 years, Northern Short Bond Fund had an annualized return of 1.40%, while the S&P 500 had an annualized return of 10.96%, indicating that Northern Short Bond Fund did not perform as well as the benchmark.
Period | Return | Benchmark |
---|---|---|
Year-To-Date | 0.32% | 10.04% |
1 month | 0.28% | 3.53% |
6 months | 3.31% | 22.79% |
1 year | 3.72% | 32.16% |
5 years (annualized) | 1.46% | 13.15% |
10 years (annualized) | 1.40% | 10.96% |
Monthly Returns Heatmap
Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
2024 | 0.44% | -0.28% | ||||||||||
2023 | 0.38% | -0.14% | 0.30% | 1.33% | 1.16% |
Risk-Adjusted Performance
Risk-Adjusted Performance Indicators
This table presents risk-adjusted performance metrics for Northern Short Bond Fund (BSBAX) and compares them with a selected benchmark (^GSPC). These performance indicators assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Sharpe ratio | Sortino ratio | Omega ratio | Calmar ratio | Ulcer Index | |
---|---|---|---|---|---|
Northern Short Bond Fund | 1.63 | ||||
S&P 500 | 2.76 |
Dividends
Dividend History
Northern Short Bond Fund granted a 2.96% dividend yield in the last twelve months. The annual payout for that period amounted to $0.54 per share.
Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Dividend | $0.54 | $0.55 | $0.29 | $0.24 | $0.38 | $0.48 | $0.46 | $0.35 | $0.30 | $0.25 | $0.25 | $0.27 |
Dividend yield | 2.96% | 3.02% | 1.62% | 1.28% | 2.00% | 2.55% | 2.48% | 1.85% | 1.57% | 1.31% | 1.31% | 1.42% |
Monthly Dividends
The table displays the monthly dividend distributions for Northern Short Bond Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
2024 | $0.06 | $0.06 | ||||||||||
2023 | $0.05 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.05 | $0.05 | $0.04 | $0.05 | $0.05 | $0.05 |
2022 | $0.02 | $0.04 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 |
2021 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.01 |
2020 | $0.04 | $0.04 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 |
2019 | $0.05 | $0.05 | $0.04 | $0.04 | $0.04 | $0.05 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.03 |
2018 | $0.03 | $0.03 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.05 | $0.03 |
2017 | $0.03 | $0.02 | $0.05 | $0.03 | $0.02 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 |
2016 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 |
2015 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 |
2014 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 |
2013 | $0.01 | $0.01 | $0.02 | $0.03 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.02 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the Northern Short Bond Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Northern Short Bond Fund was 6.62%, occurring on Oct 20, 2022. Recovery took 308 trading sessions.
The current Northern Short Bond Fund drawdown is 0.17%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
---|---|---|---|---|---|---|
-6.62% | Sep 2, 2021 | 286 | Oct 20, 2022 | 308 | Jan 12, 2024 | 594 |
-4.66% | Mar 6, 2020 | 12 | Mar 23, 2020 | 49 | Jun 2, 2020 | 61 |
-1.79% | May 10, 2013 | 32 | Jun 25, 2013 | 152 | Jan 31, 2014 | 184 |
-0.9% | Apr 28, 2015 | 163 | Dec 16, 2015 | 69 | Mar 29, 2016 | 232 |
-0.74% | Nov 1, 2017 | 95 | Mar 20, 2018 | 87 | Jul 24, 2018 | 182 |
Volatility
Volatility Chart
The current Northern Short Bond Fund volatility is 0.38%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.