About BSBAX
Northern Short Bond Fund is an actively managed mutual fund focused on investment‑grade fixed income with a short duration profile. Its stated objective is to maximize total return consistent with reasonable risk by investing primarily in U.S. bonds and other fixed‑income securities and maintaining a weighted average maturity, under normal conditions, between one and three years. The portfolio spans **Treasury, agency, asset‑backed, mortgage‑related, and corporate** sectors, using a relative‑value process that compares expected returns to assumed risks to emphasize securities with attractive risk‑adjusted characteristics. Designed for income‑oriented investors seeking diversification from equity markets, the fund aims to provide current income with lower interest‑rate sensitivity than intermediate‑ or long‑term bond strategies. It distributes income regularly and has an expense ratio around 0.40%, reflecting its active approach within the short‑term bond category. With a long operating history since 1993 and a broad set of holdings, the fund serves as a **core short‑duration fixed‑income allocation** for portfolios seeking stability, liquidity, and modest total return potential across market cycles.
Fund Family Northern Funds
Category Short-Term Bond
Performance Rating Average
Risk Rating Below Average
Stock Exchange NASDAQ
Ticker Symbol BSBAX
Index Bloomberg 1-3 Y Government/Credit TR
BSBAX had a total return of 6.05% in the past year, including dividends. Since the fund's
inception, the average annual return has been 4.10%.
