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Morningstar

Northern Ultra-Short Fixed Income NUSFX

Morningstar Medalist Rating
Medalist Rating as of | See Northern Trust Investment Hub
  • NAV / 1-Day Return 10.24  /  +0.01 %
  • Total Assets 1.6 Bil
  • Adj. Expense Ratio
    0.250%
  • Expense Ratio 0.250%
  • Distribution Fee Level Below Average
  • Share Class Type No Load
  • Category Ultrashort Bond
  • Credit Quality / Interest Rate Sensitivity Medium/Limited
  • Min. Initial Investment 2,500
  • Status Open
  • TTM Yield 4.18%
  • Effective Duration 0.53 years

USD | NAV as of Apr 24, 2024 | 1-Day Return as of Apr 24, 2024, 10:18 PM GMT+0

Morningstar’s Analysis NUSFX

Will NUSFX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable NUSFX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the NUSFX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of NUSFX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Strength in Northern Ultra-Short Fixed Income's Process Pillar is partially offset by an Average People Pillar rating, leading to a Morningstar Medalist Rating of Neutral.

null Morningstar Manager Research

Morningstar Manager Research

Summary

The portfolio maintains a sizable cost advantage over competitors, priced within the second-cheapest fee quintile among peers.

by Morningstar Manager Research
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Portfolio Holdings NUSFX

More NUSFX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 18.0
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Northern Institutional US Government

4.19 68.0 Mil
Cash and Equivalents

United States Treasury Notes 4.625%

2.79 45.2 Mil
Government

Banque Federative du Credit Mutuel 5.74714%

2.16 35.0 Mil
Corporate

Capital One Multi Asset Execution Trust 0.55%

2.08 33.6 Mil
Securitized

Natwest Markets PLC 6.11707%

2.02 32.7 Mil
Corporate

Bank of Nova Scotia 5.87483%

1.85 30.0 Mil
Corporate

American Express Company 5.98714%

1.73 28.0 Mil
Corporate

Svenska Handelsbanken AB 6.23913%

1.70 27.6 Mil
Corporate

ING Groep N.V. 6.363%

1.67 27.1 Mil
Corporate

Macquarie Group Ltd. 6.0557%

1.60 25.9 Mil
Corporate