Northern Short Bond Fund (BSBAX)

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Northern Short Bond Fund (BSBAX) is up 0.7% since the beginning of the year. BSBAX is currently trading at $18 per share. Investors who bought $1,000 worth of BSBAX shares 5 years ago would now be looking at an investment worth $1,082.

Northern Short Bond Fund (BSBAX) has returned 0.69% so far this year and 3.57% over the past 12 months. Over the last ten years, BSBAX has returned 1.93% per year, falling short of the S&P 500 Index benchmark, which averaged 13.36% annually.

Based on dividend-adjusted daily data since Jun 20, 1996, BSBAX's average daily return is +0.01%, while the average monthly return is +0.26%. At this rate, an investment would double in approximately 22.2 years.

Historically, 72% of months were positive and 28% were negative. The best month was Sep 2003 with a return of +1.7%, while the worst month was Mar 2020 at -2.0%. The longest winning streak lasted 21 consecutive months, and the longest losing streak was 4 months.

On a daily basis, BSBAX closed higher 40% of trading days. The best single day was Sep 17, 2001 with a return of +0.9%, while the worst single day was Dec 21, 1998 at -1.5%.

Northern Short Bond Fund has an annualized alpha of 3.21%, beta of -0.01, and R2 of 0.01 versus S&P 500 Index. Calculated based on daily prices since June 20, 1996.

• This fund captured 7.74% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -5.24%) - a profile typical of hedging or uncorrelated assets.
• Beta of -0.01 may look defensive, but with R2 of 0.01 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
• R2 of 0.01 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

BSBAX has an expense ratio of 0.40%, placing it in the medium range.

BSBAX ranks 82 for risk / return — in the top 82% of mutual funds on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.

Northern Short Bond Fund provided a 4.08% dividend yield over the last twelve months, with an annual payout of $0.74 per share.

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.

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.

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 7.31%, occurring on Oct 20, 2022. Recovery took 427 trading sessions.

The current Northern Short Bond Fund drawdown is 0.22%.

The chart below shows the rolling one-month volatility.