Northern Short Bond Fund (BSBAX)
| Fund Assets | 187.09M |
| Expense Ratio | 0.41% |
| Min. Investment | $2,500 |
| Turnover | 104.90% |
| Dividend (ttm) | 0.79 |
| Dividend Yield | 4.36% |
| Dividend Growth | 4.53% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jun 30, 2026 |
| Previous Close | 18.19 |
| YTD Return | 0.68% |
| 1-Year Return | 3.44% |
| 5-Year Return | 7.99% |
| 52-Week Low | 18.19 |
| 52-Week High | 18.45 |
| Beta (5Y) | 0.06 |
| Holdings | 243 |
| Inception Date | Jan 11, 1993 |
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.
Performance
BSBAX had a total return of 3.44% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.11%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jun 30, 2026 | $0.0614 | Jun 30, 2026 |
| May 26, 2026 | $0.0702 | May 26, 2026 |
| Apr 23, 2026 | $0.0644 | Apr 23, 2026 |
| Mar 24, 2026 | $0.0607 | Mar 24, 2026 |
| Feb 24, 2026 | $0.0645 | Feb 24, 2026 |
| Jan 26, 2026 | $0.0855 | Jan 26, 2026 |