Guide To Northern Short Bond Fund (BSBAX)

Northern Short Bond (BSBAX – MF report) a Zacks Ranked #2 (Buy) seeks to maximize total return with minimal reasonable risk. The portfolio seeks capital appreciation and current income in its attempt to maximize total return. The portfolio invests, under normal circumstances, a large portion of its net assets in a broad range of bonds and other fixed income securities. Although the portfolio primarily invests in investment grade domestic debt obligations, it may invest, to a moderate extent, in obligations of foreign issuers and in securities that are rated below investment grade (junk bonds). Dividends, if any, are declared and paid monthly. Capital gains, if any, are declared and paid annually.

The Northern Short Bond fund, managed by Northern, carries an expense ratio of 0.40.  Moreover, BSBAX requires a minimal initial investment of $2,500.

BSBAX has a history of strong positive total returns for over 10 years.  Specifically, the fund’s returns over the 1, 3, 5 year benchmarks; 1 year 0.06%, 3 year 0.14%, and 5 year 1.07%.  To see how this fund performed compared in its category, please click here.  

BSBAX’s performance, as of the last filing, when compared to funds in its category was in the top 53% in 1 year, top 90% over the past 3 years, and in the 86% over the past 5 years.

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