Northern Ultra-Short Fixed Income Fund (NUSFX)
The investment seeks to maximize total return (capital appreciation and income) to the extent consistent with preservation of principal. The fund will, under normal circumstances, invest primarily (and not less than 80% of its net assets) in fixed-income securities. It invests in investment grade domestic debt obligations (i.e., obligations rated within the top four rating categories by a Nationally Recognized Statistical Rating Organization or of comparable quality as determined by the fund's investment adviser).
Fund Info
US6651624677
665162467
Jun 18, 2009
$2,500
Expense Ratio
NUSFX features an expense ratio of 0.28%, falling within the medium range.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Northern Ultra-Short Fixed Income 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 Ultra-Short Fixed Income Fund had a return of 0.55% year-to-date (YTD) and 5.73% in the last 12 months. Over the past 10 years, Northern Ultra-Short Fixed Income Fund had an annualized return of 2.19%, while the S&P 500 had an annualized return of 11.26%, indicating that Northern Ultra-Short Fixed Income Fund did not perform as well as the benchmark.
NUSFX
0.55%
0.55%
2.50%
5.73%
2.60%
2.19%
^GSPC (Benchmark)
4.01%
1.13%
9.82%
22.80%
12.93%
11.26%
Monthly Returns
The table below presents the monthly returns of NUSFX, 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 | 0.55% | 0.55% | |||||||||||
| 2024 | 0.73% | 0.40% | 0.55% | 0.28% | 0.57% | 0.52% | 0.69% | 0.55% | 0.59% | 0.20% | 0.42% | 0.26% | 5.92% |
| 2023 | 0.95% | 0.38% | 0.07% | 0.62% | 0.41% | 0.41% | 0.65% | 0.45% | 0.42% | 0.40% | 0.63% | 0.77% | 6.32% |
| 2022 | -0.33% | -0.19% | -0.85% | -0.35% | 0.18% | -0.60% | 0.22% | 0.17% | -0.34% | 0.01% | 0.51% | 0.48% | -1.08% |
| 2021 | 0.08% | 0.06% | -0.15% | 0.15% | 0.15% | -0.05% | 0.05% | 0.05% | 0.05% | -0.24% | -0.15% | -0.25% | -0.25% |
| 2020 | 0.50% | 0.38% | -1.77% | 1.64% | 0.73% | 0.40% | 0.29% | 0.09% | -0.02% | 0.08% | 0.06% | -0.15% | 2.22% |
| 2019 | 0.53% | 0.33% | 0.39% | 0.31% | 0.38% | 0.43% | 0.11% | 0.52% | 0.09% | 0.28% | 0.08% | 0.18% | 3.68% |
| 2018 | -0.05% | 0.04% | 0.06% | 0.16% | 0.27% | 0.09% | 0.18% | 0.29% | 0.20% | 0.09% | 0.01% | 0.16% | 1.49% |
| 2017 | 0.23% | 0.30% | 0.10% | 0.12% | 0.21% | 0.03% | 0.21% | 0.12% | 0.13% | 0.02% | 0.02% | 0.03% | 1.50% |
| 2016 | 0.21% | -0.01% | 0.48% | 0.20% | 0.09% | 0.38% | 0.10% | 0.09% | 0.10% | 0.01% | -0.09% | 0.01% | 1.57% |
| 2015 | 0.28% | 0.06% | 0.16% | 0.07% | 0.18% | -0.13% | 0.07% | -0.13% | 0.07% | 0.08% | -0.03% | -0.24% | 0.43% |
| 2014 | 0.16% | 0.15% | -0.04% | 0.16% | 0.16% | 0.06% | -0.04% | 0.16% | -0.14% | 0.13% | 0.07% | -0.34% | 0.47% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 99, NUSFX is among the top 1% 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 Ultra-Short Fixed Income Fund (NUSFX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Northern Ultra-Short Fixed Income Fund provided a 4.77% dividend yield over the last twelve months, with an annual payout of $0.49 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 | $0.49 | $0.49 | $0.40 | $0.15 | $0.06 | $0.15 | $0.25 | $0.21 | $0.14 | $0.12 | $0.08 | $0.08 |
Dividend yield | 4.77% | 4.76% | 3.90% | 1.49% | 0.62% | 1.40% | 2.43% | 2.07% | 1.39% | 1.17% | 0.83% | 0.77% |
Monthly Dividends
The table displays the monthly dividend distributions for Northern Ultra-Short Fixed Income 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 | $0.05 | $0.00 | $0.05 | ||||||||||
| 2024 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.05 | $0.04 | $0.04 | $0.04 | $0.04 | $0.49 |
| 2023 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.04 | $0.03 | $0.04 | $0.03 | $0.04 | $0.40 |
| 2022 | $0.01 | $0.01 | $0.00 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.15 |
| 2021 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.00 | $0.06 |
| 2020 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.15 |
| 2019 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.25 |
| 2018 | $0.02 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.21 |
| 2017 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.14 |
| 2016 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.12 |
| 2015 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.08 |
| 2014 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.08 |
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.
Worst Drawdowns
The table below displays the maximum drawdowns of the Northern Ultra-Short Fixed Income 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 Ultra-Short Fixed Income Fund was 3.88%, occurring on Mar 23, 2020. Recovery took 41 trading sessions.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -3.88% | Mar 6, 2020 | 12 | Mar 23, 2020 | 41 | May 20, 2020 | 53 |
| -2.99% | Oct 7, 2021 | 262 | Oct 20, 2022 | 126 | Apr 24, 2023 | 388 |
| -0.81% | Aug 5, 2011 | 42 | Oct 4, 2011 | 81 | Jan 31, 2012 | 123 |
| -0.5% | Nov 5, 2010 | 34 | Dec 23, 2010 | 44 | Feb 28, 2011 | 78 |
| -0.44% | Oct 16, 2014 | 45 | Dec 18, 2014 | 64 | Mar 24, 2015 | 109 |
Volatility
Volatility Chart
The current Northern Ultra-Short Fixed Income Fund volatility is 0.47%, 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.