About BSBAX
Northern Short Bond Fund is a mutual fund managed by Northern Trust Asset Management that seeks to maximize total return through capital appreciation and income while maintaining minimal reasonable risk. It primarily invests in U.S. investment-grade debt securities, including treasury, agency, asset-backed, mortgage-related, and corporate bonds, with a weighted average maturity under normal circumstances between one and three years. The fund employs a relative value approach, using models to analyze and compare expected returns and risks across securities to identify those offering attractive risk-adjusted performance. This strategy emphasizes shorter-term maturities in the U.S. bond market, making it suitable for income-oriented investors looking to diversify portfolios with lower duration exposure. The portfolio typically features a diversified mix of holdings across quality ratings, predominantly in higher-rated categories like AAA, AA, A, and BBB, and sectors such as financials, industrials, and securitized products. Northern Short Bond Fund pays monthly dividends and is overseen by an experienced team of fixed income professionals averaging over two decades in the industry.
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 2.69% in the past year, including dividends. Since the fund's
inception, the average annual return has been 3.11%.
