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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 10.13  /  0.04 %
  • Total Assets 2.0 Bil
  • Adj. Expense Ratio
    0.250%
  • Expense Ratio 0.250%
  • Distribution Fee Level Low
  • Share Class Type No Load
  • Category Ultrashort Bond
  • Credit Quality / Interest Rate Sensitivity Medium / Limited
  • Min. Initial Investment 2,500
  • Status Open
  • TTM Yield 3.42%
  • Effective Duration 0.51 years

USD | NAV as of Sep 29, 2023 | 1-Day Return as of Sep 29, 2023, 10:17 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.

A decline in People Pillar rating is the primary driver of Northern Ultra-Short Fixed Income's downgrade to a Morningstar Medalist Rating of Neutral from Bronze.

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
Rated on Published on

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Portfolio Holdings NUSFX

More NUSFX Holdings
  • Current Portfolio Date
  • Equity Holdings 0
  • Bond Holdings 237
  • Other Holdings 23
  • % Assets in Top 10 Holdings 12.5
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Northern Institutional US Government

1.65
37,355,989
Cash and Equivalents

Athene Global Funding 2015-1 5.941%

1.54
34,857,259
Corporate

Banque Federative du Credit Mutuel 5.48241%

1.54
34,771,039
Corporate

United States Treasury Bills 0%

1.53
34,527,177
Government

Capital One Multi Asset Execution Trust 0.55%

1.43
32,369,254
Securitized

Natwest Markets PLC 5.85304%

1.42
32,138,353
Corporate

Bank of Nova Scotia 5.61609%

1.31
29,654,706
Corporate

Commonwealth Bank of Australia 5.58571%

1.30
29,340,553
Corporate

American Express Company 5.72241%

1.23
27,833,735
Corporate

Svenska Handelsbanken AB (publ) 5.9761%

1.21
27,490,067
Corporate