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
ISIN | US6651624677 |
---|---|
CUSIP | 665162467 |
Issuer | Northern Funds |
Inception Date | Jun 18, 2009 |
Category | Ultrashort Bond |
Min. Investment | $2,500 |
Asset Class | Bond |
Expense Ratio
NUSFX has a high expense ratio of 0.28%, indicating higher-than-average management fees.
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 2.08% year-to-date (YTD) and 6.26% in the last 12 months. Over the past 10 years, Northern Ultra-Short Fixed Income Fund had an annualized return of 1.82%, while the S&P 500 had an annualized return of 10.71%, indicating that Northern Ultra-Short Fixed Income Fund did not perform as well as the benchmark.
Period | Return | Benchmark |
---|---|---|
Year-To-Date | 2.08% | 8.76% |
1 month | 0.48% | -0.28% |
6 months | 3.41% | 18.36% |
1 year | 6.26% | 25.94% |
5 years (annualized) | 2.33% | 12.51% |
10 years (annualized) | 1.82% | 10.71% |
Monthly Returns Heatmap
Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
2024 | 0.73% | 0.40% | 0.55% | 0.29% | ||||||||
2023 | 0.39% | 0.64% | 0.77% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of NUSFX is 99, placing it in the top 1% of mutual funds on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
NUSFX (Northern Ultra-Short Fixed Income Fund)
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 granted a 4.25% dividend yield in the last twelve months. The annual payout for that period amounted to $0.44 per share.
Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Dividend | $0.44 | $0.40 | $0.15 | $0.09 | $0.16 | $0.25 | $0.21 | $0.13 | $0.12 | $0.09 | $0.09 | $0.08 |
Dividend yield | 4.25% | 3.90% | 1.50% | 0.84% | 1.57% | 2.42% | 2.08% | 1.31% | 1.17% | 0.84% | 0.84% | 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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
2024 | $0.04 | $0.04 | $0.04 | $0.04 | ||||||||
2023 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.03 | $0.04 |
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 |
2021 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.00 | $0.00 | $0.00 | $0.00 | $0.03 |
2020 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 |
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 |
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 |
2017 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.00 |
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 |
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 |
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 |
2013 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 |
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 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 |
-2.77% | Oct 7, 2021 | 262 | Oct 20, 2022 | 96 | Mar 10, 2023 | 358 |
-0.81% | Aug 5, 2011 | 42 | Oct 4, 2011 | 75 | Jan 23, 2012 | 117 |
-0.69% | Mar 14, 2023 | 6 | Mar 21, 2023 | 23 | Apr 24, 2023 | 29 |
-0.46% | Nov 5, 2010 | 34 | Dec 23, 2010 | 25 | Jan 31, 2011 | 59 |
Volatility
Volatility Chart
The current Northern Ultra-Short Fixed Income Fund volatility is 0.41%, 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.