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
US6651623687
665162368
Jan 11, 1993
$2,500
Expense Ratio
BSBAX has an expense ratio of 0.40%, placing it in the medium range.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
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Returns By Period
Northern Short Bond Fund (BSBAX) returned 1.72% year-to-date (YTD) and 5.55% over the past 12 months. Over the past 10 years, BSBAX returned 1.86% annually, underperforming the S&P 500 benchmark at 10.46%.
BSBAX
1.72%
0.71%
2.25%
5.55%
1.89%
1.86%
^GSPC (Benchmark)
-3.77%
7.44%
-5.60%
8.37%
14.12%
10.46%
Monthly Returns
The table below presents the monthly returns of BSBAX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 0.56% | 0.76% | 0.23% | 0.54% | -0.38% | 1.72% | |||||||
| 2024 | 0.44% | -0.29% | 0.39% | -0.35% | 0.75% | 0.62% | 1.15% | 0.91% | 0.81% | -0.65% | 0.47% | 0.05% | 4.37% |
| 2023 | 1.19% | -0.61% | 1.23% | 0.36% | -0.31% | -0.37% | 0.50% | 0.38% | -0.14% | 0.30% | 1.32% | 1.16% | 5.09% |
| 2022 | -0.90% | -0.54% | -1.27% | -0.95% | 0.45% | -1.26% | 1.07% | -0.79% | -1.32% | 0.05% | 1.02% | 0.15% | -4.25% |
| 2021 | 0.06% | -0.24% | -0.15% | 0.22% | 0.22% | -0.01% | 0.22% | -0.02% | -0.13% | -0.38% | -0.29% | 0.07% | -0.42% |
| 2020 | 0.59% | 0.52% | -2.03% | 1.43% | 0.99% | 0.52% | 0.62% | 0.20% | -0.06% | 0.05% | 0.50% | 0.38% | 3.74% |
| 2019 | 0.92% | 0.36% | 0.70% | 0.38% | 0.52% | 0.67% | 0.05% | 0.76% | -0.08% | 0.42% | 0.02% | 0.29% | 5.12% |
| 2018 | -0.19% | -0.16% | -0.02% | 0.08% | 0.21% | 0.07% | 0.16% | 0.38% | 0.07% | -0.16% | 0.03% | 0.18% | 0.65% |
| 2017 | 0.26% | 0.33% | 0.11% | 0.20% | 0.23% | -0.01% | 0.33% | 0.14% | 0.04% | 0.09% | -0.23% | 0.10% | 1.59% |
| 2016 | 0.37% | -0.04% | 0.60% | 0.34% | 0.01% | 0.54% | 0.17% | 0.03% | 0.14% | -0.01% | -0.44% | 0.20% | 1.91% |
| 2015 | 0.45% | 0.14% | 0.09% | 0.21% | 0.05% | -0.17% | -0.05% | -0.17% | 0.00% | 0.17% | -0.21% | -0.28% | 0.24% |
| 2014 | 0.18% | 0.37% | -0.09% | 0.21% | 0.22% | 0.06% | -0.25% | 0.27% | -0.31% | 0.42% | 0.01% | -0.39% | 0.67% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 96, BSBAX is among the top 4% of mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Northern Short Bond Fund (BSBAX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
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Dividends
Dividend History
Northern Short Bond Fund provided a 4.07% dividend yield over the last twelve months, with an annual payout of $0.74 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.74 | $0.70 | $0.55 | $0.29 | $0.23 | $0.39 | $0.48 | $0.46 | $0.35 | $0.30 | $0.25 | $0.27 |
Dividend yield | 4.07% | 3.82% | 3.03% | 1.63% | 1.22% | 2.01% | 2.56% | 2.49% | 1.85% | 1.57% | 1.31% | 1.41% |
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 | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.07 | $0.07 | $0.06 | $0.07 | $0.00 | $0.27 | |||||||
| 2024 | $0.06 | $0.06 | $0.05 | $0.06 | $0.05 | $0.06 | $0.06 | $0.07 | $0.06 | $0.06 | $0.07 | $0.05 | $0.70 |
| 2023 | $0.05 | $0.04 | $0.04 | $0.05 | $0.04 | $0.04 | $0.05 | $0.05 | $0.04 | $0.05 | $0.05 | $0.05 | $0.55 |
| 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 | $0.29 |
| 2021 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.01 | $0.23 |
| 2020 | $0.04 | $0.04 | $0.03 | $0.04 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.39 |
| 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 | $0.48 |
| 2018 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.05 | $0.03 | $0.46 |
| 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 | $0.35 |
| 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 | $0.30 |
| 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 | $0.25 |
| 2014 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.04 | $0.02 | $0.02 | $0.27 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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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 15.14%, occurring on Oct 20, 2008. Recovery took 2663 trading sessions.
The current Northern Short Bond Fund drawdown is 0.38%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -15.14% | Feb 14, 1996 | 3193 | Oct 20, 2008 | 2663 | Jun 3, 2019 | 5856 |
| -6.62% | Sep 2, 2021 | 285 | Oct 20, 2022 | 306 | Jan 12, 2024 | 591 |
| -5.07% | Sep 28, 1993 | 315 | Dec 23, 1994 | 110 | Jun 2, 1995 | 425 |
| -4.66% | Mar 6, 2020 | 12 | Mar 23, 2020 | 49 | Jun 2, 2020 | 61 |
| -1.08% | Sep 25, 2024 | 43 | Nov 22, 2024 | 39 | Jan 23, 2025 | 82 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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