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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 $177 billion (as of Mar 31, 2019) 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 operates 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.
Northern Short Bond Fund (BSBAX - Free Report) aims at maximizing total return with minimum reasonable risk. The fund invests the majority of its assets in bonds and other fixed-income securities. BSBAX mostly invests in investment grade domestic debt obligations, but it may also invest in obligations of foreign issuers and in junk bonds. BSBAX has three-year annualized returns of 2.1%.
BSBAX has an expense ratio of 0.40% compared with the category average of 0.74%.
Northern Small Cap Core Fund (NSGRX - Free Report) seeks appreciation of capital over the long haul. NSGRX invests more than 80% of its assets in common stocks of small-cap companies, basically those with market cap in the range of the Russell 2000 Index. NSGRX has three-year annualized returns of 7.8%.
Robert H. Bergson is the fund manager of NSGRX since 2010.
Northern Arizona Tax-Exempt Fund (NOAZX - Free Report) seeks to offer high current income exempted from regular federal income tax and Arizona State personal income tax. The fund does so by investing in municipal instruments. The non-diversified fund invests the majority of its assets in debt instruments that pay interest exempted from regular federal income tax and in instruments that provide income exempted from Arizona State personal income tax. NOAZX has three-year annualized returns of 2.9%.
NOAZX has an expense ratio of 0.47% compared with the category average of 0.87%.
Northern California Intermediate Tax-Exempt (NCITX - Free Report) invests the majority of its assets in debt instruments that are exempted from federal as well as California state income tax. NCITX seeks return through tax-exempted income. It is a non-diversified fund. NCITX has three-year annualized returns of 2.5%.
As of June 2019, NCITX held 177 issues, with 4.45% of its assets invested in BAY AREA TOLL AUTH CALIF TOLL BRDG REV 2.95%.
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4 Northern Mutual Funds for Spectacular Returns
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 $177 billion (as of Mar 31, 2019) 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 operates 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 Bond Fund (BSBAX - Free Report) aims at maximizing total return with minimum reasonable risk. The fund invests the majority of its assets in bonds and other fixed-income securities. BSBAX mostly invests in investment grade domestic debt obligations, but it may also invest in obligations of foreign issuers and in junk bonds. BSBAX has three-year annualized returns of 2.1%.
BSBAX has an expense ratio of 0.40% compared with the category average of 0.74%.
Northern Small Cap Core Fund (NSGRX - Free Report) seeks appreciation of capital over the long haul. NSGRX invests more than 80% of its assets in common stocks of small-cap companies, basically those with market cap in the range of the Russell 2000 Index. NSGRX has three-year annualized returns of 7.8%.
Robert H. Bergson is the fund manager of NSGRX since 2010.
Northern Arizona Tax-Exempt Fund (NOAZX - Free Report) seeks to offer high current income exempted from regular federal income tax and Arizona State personal income tax. The fund does so by investing in municipal instruments. The non-diversified fund invests the majority of its assets in debt instruments that pay interest exempted from regular federal income tax and in instruments that provide income exempted from Arizona State personal income tax. NOAZX has three-year annualized returns of 2.9%.
NOAZX has an expense ratio of 0.47% compared with the category average of 0.87%.
Northern California Intermediate Tax-Exempt (NCITX - Free Report) invests the majority of its assets in debt instruments that are exempted from federal as well as California state income tax. NCITX seeks return through tax-exempted income. It is a non-diversified fund. NCITX has three-year annualized returns of 2.5%.
As of June 2019, NCITX held 177 issues, with 4.45% of its assets invested in BAY AREA TOLL AUTH CALIF TOLL BRDG REV 2.95%.
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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