Northern Trusts is one of the major asset management companies, providing a variety of investment solutions and strategies to individuals and institutions. The company manages assets worth more than $1.1 trillion (as of Dec 31, 2018) based on assets raised in the country. It comprises investment professionals with experience of more than 15 years.
Founded in 1889, Northern Trusts at present has 18,800 employees worldwide and is based in about 23 global locations. Moreover, all Northern funds bear low sales load, which makes them solid investment choices for those seeking low-cost funds.
Below we focus on three top-ranked Northern mutual funds. Each has earned a Zacks Mutual Fund Rank #1 (Strong Buy) and is expected to outperform peers. Investors can click here to see the complete list of funds.
Northern Short-Intermediate U.S. Government Fund (NSIUX - Free Report) aims to gain maximum total return with minimal reasonable risk. The fund invests the majority of its assets in securities issued or guaranteed by the U.S. government or by its agencies, instrumentalities or sponsored enterprises and repurchase agreements relating to such securities.Northern Short-Intermediate U.S. Government Fund has returned 2.3% over the past year.
NSIUX has an expense ratio of 0.42% compared with the category average of 0.74%.
Northern Short Bond Fund (BSBAX - Free Report) invests the majority of its assets in bonds and other fixed-income securities. The fund aims for providing total return that can be gained through least reasonable risk associated. Though the fund mostly invests in investment grade domestic debt obligations, it may also invest to a limited extent in obligations of foreign issuers and in junk bonds. Northern Short Bond Fund has returned 3.3% over the past one year.
Bradley Camden is one of the fund managers of BSBAX since 2010.
Northern Fixed Income Fund (NOFIX - Free Report) mostly invests in investment grade domestic debt obligations. The fund invests the majority of its assets in bonds and other fixed-income securities.The fund aims for maximum capital appreciation and income that is on par with reasonable risk. Northern Fixed Income Fund has returned 4.8% over the past one year.
As of March 2019, NOFIX held 280 issues, with 8.15% of its assets invested in United States Treasury Notes 2.38%.
To view the Zacks Rank and past performance of all Northern mutual funds, investors can click here to see the complete list of funds.
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