TAX-ADVANTAGED ULTRA-SHORT FIXED INCOME FUND
Name
As of 04/16/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
0.7%
1 yr return
3.8%
3 Yr Avg Return
1.5%
5 Yr Avg Return
1.5%
Net Assets
$2.44 B
Holdings in Top 10
12.5%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.28%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 84.82%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$2,500
IRA
$500
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 04/16/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
NTAUX - Profile
Distributions
- YTD Total Return 0.7%
- 3 Yr Annualized Total Return 1.5%
- 5 Yr Annualized Total Return 1.5%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 0.46%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameTAX-ADVANTAGED ULTRA-SHORT FIXED INCOME FUND
-
Fund Family NameNorthern Trust
-
Inception DateJun 18, 2009
-
Shares OutstandingN/A
-
Share ClassOther
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerPatrick Quinn
Fund Description
∎ | Obligations of U.S. state and local governments, and foreign governments; |
∎ | Obligations of the U.S. government or its agencies, instrumentalities or sponsored enterprises; |
∎ | Commercial paper and other obligations of domestic and foreign banks and corporations; |
∎ | Zero coupon bonds, debentures, preferred stock and convertible securities; |
∎ | Inflation-indexed securities; |
∎ | Mortgage and other asset-backed securities; and |
∎ | Repurchase agreements relating to the above instruments. |
NTAUX - Performance
Return Ranking - Trailing
Period | NTAUX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 0.7% | -1.3% | 2.8% | 93.09% |
1 Yr | 3.8% | -0.8% | 12.2% | 94.44% |
3 Yr | 1.5%* | -2.1% | 5.8% | 89.81% |
5 Yr | 1.5%* | -1.0% | 3.9% | 88.30% |
10 Yr | 1.2%* | -4.5% | 27.5% | 82.05% |
* Annualized
Return Ranking - Calendar
Period | NTAUX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 2.0% | -2.3% | 4.3% | 22.58% |
2022 | -2.3% | -6.5% | 0.5% | 59.05% |
2021 | -0.5% | -2.1% | 0.3% | 51.47% |
2020 | 0.4% | -3.1% | 1.8% | 45.64% |
2019 | 0.8% | -1.2% | 6.1% | 32.07% |
Total Return Ranking - Trailing
Period | NTAUX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 0.7% | -1.3% | 2.8% | 93.09% |
1 Yr | 3.8% | -0.8% | 12.2% | 94.44% |
3 Yr | 1.5%* | -2.1% | 5.8% | 89.81% |
5 Yr | 1.5%* | -1.0% | 3.9% | 88.30% |
10 Yr | 1.2%* | -4.5% | 27.5% | 82.05% |
* Annualized
Total Return Ranking - Calendar
Period | NTAUX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 4.6% | 0.8% | 12.1% | 92.17% |
2022 | -0.6% | -5.1% | 2.5% | 64.29% |
2021 | 0.1% | -2.1% | 14.5% | 55.88% |
2020 | 1.5% | -1.0% | 3.6% | 55.38% |
2019 | 2.0% | 0.3% | 9.6% | 88.59% |
NAV & Total Return History
NTAUX - Holdings
Concentration Analysis
NTAUX | Category Low | Category High | NTAUX % Rank | |
---|---|---|---|---|
Net Assets | 2.44 B | 25.6 K | 22.6 B | 31.67% |
Number of Holdings | 445 | 2 | 1291 | 19.91% |
Net Assets in Top 10 | 305 M | 32.5 K | 18.4 B | 41.18% |
Weighting of Top 10 | 12.47% | 5.6% | 163.3% | 88.24% |
Top 10 Holdings
- MN MGAUTL 12/01/2052 1.62%
- NY MTATRN 11/15/2042 1.61%
- PA ALLMED 11/15/2047 1.61%
- Northern Inst Fds GOVT PTFL 1.24%
- NC UNCHGR 12/01/2041 1.23%
- AL BBEUTL 10/01/2052 1.16%
- AL SOUUTL 04/01/2049 1.06%
- CA CAS 5 09/01/2025 1.00%
- NC UNCHGR 12/01/2034 0.98%
- WA CEPTRN 11/01/2045 0.96%
Asset Allocation
Weighting | Return Low | Return High | NTAUX % Rank | |
---|---|---|---|---|
Bonds | 98.10% | 0.00% | 128.16% | 9.50% |
Convertible Bonds | 5.50% | 0.00% | 15.25% | 26.36% |
Cash | 1.77% | 0.00% | 109.89% | 80.09% |
Other | 0.13% | -29.59% | 99.92% | 61.99% |
Stocks | 0.00% | 0.00% | 97.29% | 72.85% |
Preferred Stocks | 0.00% | 0.00% | 0.00% | 69.23% |
Bond Sector Breakdown
Weighting | Return Low | Return High | NTAUX % Rank | |
---|---|---|---|---|
Municipal | 61.92% | 0.00% | 70.39% | 1.82% |
Corporate | 32.72% | 0.00% | 99.91% | 63.18% |
Cash & Equivalents | 1.24% | 0.00% | 109.89% | 76.47% |
Government | 1.07% | 0.00% | 100.00% | 58.18% |
Securitized | 0.02% | 0.00% | 100.00% | 82.27% |
Derivative | 0.00% | -29.59% | 21.59% | 52.94% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | NTAUX % Rank | |
---|---|---|---|---|
US | 98.10% | 0.00% | 128.16% | 9.50% |
Non US | 0.00% | 0.00% | 22.24% | 75.11% |
NTAUX - Expenses
Operational Fees
NTAUX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.28% | 0.02% | 28.11% | 83.11% |
Management Fee | 0.23% | 0.00% | 1.19% | 36.65% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.01% | 0.40% | 86.68% |
Sales Fees
NTAUX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 1.50% | 5.75% | N/A |
Deferred Load | N/A | 0.25% | 1.00% | N/A |
Trading Fees
NTAUX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 0.00% | 1.00% | 73.13% |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
NTAUX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 84.82% | 0.00% | 369.54% | 63.98% |
NTAUX - Distributions
Dividend Yield Analysis
NTAUX | Category Low | Category High | NTAUX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 0.00% | 8.14% | 92.76% |
Dividend Distribution Analysis
NTAUX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Quarterly | Monthly | Monthly |
Net Income Ratio Analysis
NTAUX | Category Low | Category High | NTAUX % Rank | |
---|---|---|---|---|
Net Income Ratio | 0.46% | -1.30% | 14.86% | 52.11% |
Capital Gain Distribution Analysis
NTAUX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Mar 25, 2024 | $0.026 | OrdinaryDividend |
Feb 26, 2024 | $0.029 | DailyAccrualFund |
Jan 25, 2024 | $0.031 | DailyAccrualFund |
Dec 21, 2023 | $0.026 | DailyAccrualFund |
Nov 21, 2023 | $0.025 | DailyAccrualFund |
Oct 24, 2023 | $0.029 | DailyAccrualFund |
Sep 21, 2023 | $0.024 | DailyAccrualFund |
Aug 24, 2023 | $0.024 | DailyAccrualFund |
Jul 24, 2023 | $0.023 | DailyAccrualFund |
Jun 22, 2023 | $0.020 | DailyAccrualFund |
May 24, 2023 | $0.020 | DailyAccrualFund |
Apr 24, 2023 | $0.021 | DailyAccrualFund |
Mar 23, 2023 | $0.018 | DailyAccrualFund |
Feb 23, 2023 | $0.019 | DailyAccrualFund |
Jan 24, 2023 | $0.025 | DailyAccrualFund |
Dec 15, 2022 | $0.081 | DailyAccrualFund |
Nov 22, 2022 | $0.015 | DailyAccrualFund |
Oct 24, 2022 | $0.015 | DailyAccrualFund |
Sep 22, 2022 | $0.011 | DailyAccrualFund |
Aug 24, 2022 | $0.013 | DailyAccrualFund |
Jul 21, 2022 | $0.008 | DailyAccrualFund |
Jun 23, 2022 | $0.007 | DailyAccrualFund |
May 24, 2022 | $0.006 | DailyAccrualFund |
Apr 21, 2022 | $0.004 | DailyAccrualFund |
Mar 24, 2022 | $0.003 | DailyAccrualFund |
Feb 24, 2022 | $0.004 | DailyAccrualFund |
Jan 24, 2022 | $0.005 | DailyAccrualFund |
Dec 16, 2021 | $0.007 | OrdinaryDividend |
Nov 23, 2021 | $0.004 | DailyAccrualFund |
Oct 25, 2021 | $0.004 | DailyAccrualFund |
Sep 23, 2021 | $0.004 | DailyAccrualFund |
Aug 24, 2021 | $0.004 | DailyAccrualFund |
Jul 26, 2021 | $0.004 | DailyAccrualFund |
Jun 24, 2021 | $0.004 | DailyAccrualFund |
May 24, 2021 | $0.005 | DailyAccrualFund |
Apr 22, 2021 | $0.004 | DailyAccrualFund |
Mar 24, 2021 | $0.004 | DailyAccrualFund |
Feb 24, 2021 | $0.005 | DailyAccrualFund |
Jan 25, 2021 | $0.006 | DailyAccrualFund |
Dec 17, 2020 | $0.018 | DailyAccrualFund |
Nov 24, 2020 | $0.005 | DailyAccrualFund |
Oct 26, 2020 | $0.006 | DailyAccrualFund |
Sep 24, 2020 | $0.006 | DailyAccrualFund |
Aug 24, 2020 | $0.007 | DailyAccrualFund |
Jul 23, 2020 | $0.007 | DailyAccrualFund |
Jun 24, 2020 | $0.008 | DailyAccrualFund |
May 26, 2020 | $0.010 | DailyAccrualFund |
Apr 23, 2020 | $0.011 | DailyAccrualFund |
Mar 24, 2020 | $0.011 | DailyAccrualFund |
Feb 24, 2020 | $0.012 | DailyAccrualFund |
Jan 23, 2020 | $0.013 | DailyAccrualFund |
Nov 21, 2019 | $0.003 | DailyAccrualFund |
Oct 24, 2019 | $0.004 | DailyAccrualFund |
Sep 24, 2019 | $0.004 | DailyAccrualFund |
Aug 26, 2019 | $0.004 | DailyAccrualFund |
Jul 24, 2019 | $0.004 | DailyAccrualFund |
Jun 24, 2019 | $0.016 | DailyAccrualFund |
May 21, 2019 | $0.013 | DailyAccrualFund |
Apr 24, 2019 | $0.014 | DailyAccrualFund |
Mar 25, 2019 | $0.014 | DailyAccrualFund |
Feb 25, 2019 | $0.016 | DailyAccrualFund |
Jan 24, 2019 | $0.017 | DailyAccrualFund |
Dec 20, 2018 | $0.012 | DailyAccrualFund |
Nov 26, 2018 | $0.015 | DailyAccrualFund |
Oct 24, 2018 | $0.013 | DailyAccrualFund |
Sep 24, 2018 | $0.014 | DailyAccrualFund |
Aug 23, 2018 | $0.012 | DailyAccrualFund |
Jul 24, 2018 | $0.011 | DailyAccrualFund |
Jun 25, 2018 | $0.011 | DailyAccrualFund |
May 24, 2018 | $0.010 | DailyAccrualFund |
Apr 24, 2018 | $0.010 | DailyAccrualFund |
Mar 26, 2018 | $0.010 | DailyAccrualFund |
Feb 22, 2018 | $0.009 | DailyAccrualFund |
Jan 24, 2018 | $0.011 | DailyAccrualFund |
Dec 21, 2017 | $0.007 | DailyAccrualFund |
Nov 21, 2017 | $0.007 | DailyAccrualFund |
Oct 24, 2017 | $0.008 | DailyAccrualFund |
Sep 25, 2017 | $0.008 | DailyAccrualFund |
Aug 24, 2017 | $0.008 | DailyAccrualFund |
Jul 24, 2017 | $0.007 | DailyAccrualFund |
Jun 26, 2017 | $0.009 | DailyAccrualFund |
May 23, 2017 | $0.008 | DailyAccrualFund |
Apr 24, 2017 | $0.008 | DailyAccrualFund |
Mar 23, 2017 | $0.007 | DailyAccrualFund |
Feb 23, 2017 | $0.007 | DailyAccrualFund |
Jan 24, 2017 | $0.009 | DailyAccrualFund |
Dec 15, 2016 | $0.004 | DailyAccrualFund |
Nov 25, 2016 | $0.007 | DailyAccrualFund |
Oct 24, 2016 | $0.007 | DailyAccrualFund |
Sep 26, 2016 | $0.008 | DailyAccrualFund |
Aug 24, 2016 | $0.007 | DailyAccrualFund |
Jul 25, 2016 | $0.007 | DailyAccrualFund |
Jun 23, 2016 | $0.007 | DailyAccrualFund |
May 24, 2016 | $0.007 | DailyAccrualFund |
Apr 25, 2016 | $0.008 | DailyAccrualFund |
Mar 23, 2016 | $0.006 | DailyAccrualFund |
Feb 24, 2016 | $0.007 | DailyAccrualFund |
Jan 25, 2016 | $0.008 | DailyAccrualFund |
Dec 17, 2015 | $0.004 | DailyAccrualFund |
Nov 24, 2015 | $0.005 | DailyAccrualFund |
Oct 26, 2015 | $0.006 | DailyAccrualFund |
Sep 24, 2015 | $0.005 | DailyAccrualFund |
Aug 24, 2015 | $0.004 | DailyAccrualFund |
Jul 27, 2015 | $0.006 | DailyAccrualFund |
Jun 24, 2015 | $0.005 | DailyAccrualFund |
May 26, 2015 | $0.005 | DailyAccrualFund |
Apr 23, 2015 | $0.005 | DailyAccrualFund |
Mar 24, 2015 | $0.004 | DailyAccrualFund |
Feb 24, 2015 | $0.004 | DailyAccrualFund |
Jan 26, 2015 | $0.006 | DailyAccrualFund |
Dec 18, 2014 | $0.004 | DailyAccrualFund |
Nov 24, 2014 | $0.005 | DailyAccrualFund |
Oct 23, 2014 | $0.005 | DailyAccrualFund |
Sep 24, 2014 | $0.005 | DailyAccrualFund |
Aug 25, 2014 | $0.005 | DailyAccrualFund |
Jul 24, 2014 | $0.000 | DailyAccrualFund |
Jun 24, 2014 | $0.004 | DailyAccrualFund |
May 27, 2014 | $0.005 | DailyAccrualFund |
Apr 24, 2014 | $0.005 | DailyAccrualFund |
Mar 24, 2014 | $0.004 | DailyAccrualFund |
Feb 24, 2014 | $0.005 | DailyAccrualFund |
Jan 23, 2014 | $0.006 | DailyAccrualFund |
Nov 25, 2013 | $0.006 | DailyAccrualFund |
Oct 24, 2013 | $0.005 | DailyAccrualFund |
Sep 24, 2013 | $0.005 | DailyAccrualFund |
Aug 26, 2013 | $0.006 | DailyAccrualFund |
Jul 24, 2013 | $0.005 | DailyAccrualFund |
Jun 24, 2013 | $0.006 | DailyAccrualFund |
May 23, 2013 | $0.005 | DailyAccrualFund |
Apr 24, 2013 | $0.005 | DailyAccrualFund |
Mar 25, 2013 | $0.005 | DailyAccrualFund |
Feb 25, 2013 | $0.005 | DailyAccrualFund |
Jan 24, 2013 | $0.006 | DailyAccrualFund |
Dec 19, 2012 | $0.004 | DailyAccrualFund |
Nov 26, 2012 | $0.006 | DailyAccrualFund |
Oct 24, 2012 | $0.007 | DailyAccrualFund |
Sep 24, 2012 | $0.007 | DailyAccrualFund |
Aug 27, 2012 | $0.008 | DailyAccrualFund |
Jul 24, 2012 | $0.007 | DailyAccrualFund |
Jun 25, 2012 | $0.008 | DailyAccrualFund |
May 24, 2012 | $0.008 | DailyAccrualFund |
Apr 24, 2012 | $0.007 | DailyAccrualFund |
Mar 26, 2012 | $0.008 | DailyAccrualFund |
Feb 23, 2012 | $0.008 | DailyAccrualFund |
Jan 24, 2012 | $0.009 | DailyAccrualFund |
Nov 22, 2011 | $0.007 | DailyAccrualFund |
Oct 24, 2011 | $0.007 | DailyAccrualFund |
Sep 26, 2011 | $0.009 | DailyAccrualFund |
Aug 24, 2011 | $0.008 | DailyAccrualFund |
Jul 25, 2011 | $0.009 | DailyAccrualFund |
Jun 23, 2011 | $0.009 | DailyAccrualFund |
May 24, 2011 | $0.009 | DailyAccrualFund |
Apr 25, 2011 | $0.010 | DailyAccrualFund |
Mar 24, 2011 | $0.009 | DailyAccrualFund |
Feb 24, 2011 | $0.010 | DailyAccrualFund |
Jan 24, 2011 | $0.010 | DailyAccrualFund |
Dec 31, 2010 | $0.003 | DailyAccrualFund |
Nov 24, 2010 | $0.007 | DailyAccrualFund |
Oct 25, 2010 | $0.008 | DailyAccrualFund |
Sep 24, 2010 | $0.008 | DailyAccrualFund |
Aug 24, 2010 | $0.007 | DailyAccrualFund |
Jul 26, 2010 | $0.008 | DailyAccrualFund |
Jun 24, 2010 | $0.008 | DailyAccrualFund |
May 24, 2010 | $0.007 | DailyAccrualFund |
Apr 26, 2010 | $0.008 | DailyAccrualFund |
Mar 24, 2010 | $0.007 | DailyAccrualFund |
Feb 24, 2010 | $0.007 | DailyAccrualFund |
Jan 25, 2010 | $0.008 | DailyAccrualFund |
Dec 31, 2009 | $0.002 | DailyAccrualFund |
Nov 24, 2009 | $0.006 | DailyAccrualFund |
Oct 26, 2009 | $0.007 | DailyAccrualFund |
Sep 24, 2009 | $0.009 | DailyAccrualFund |
Aug 24, 2009 | $0.009 | DailyAccrualFund |
Jul 24, 2009 | $0.008 | DailyAccrualFund |
Jun 24, 2009 | $0.001 | DailyAccrualFund |
NTAUX - Fund Manager Analysis
Managers
Patrick Quinn
Start Date
Tenure
Tenure Rank
Jun 18, 2009
12.96
13.0%
Mr. Quinn is a Vice President of Northern Trust Investments, Inc. and has been manager of the Fund since May 2009. Mr. Quinn is also a Senior Portfolio Manager in the Enhanced Cash Group, which he joined in 2001.
Mousumi Chinara
Start Date
Tenure
Tenure Rank
Feb 26, 2020
2.26
2.3%
Ms. Chinara joined NTI in 2019 and is a senior portfolio manager in the Fixed Income group, where she manages ultra-short and active long duration portfolios. Mr. Memon joined NTI in 2007 and is a portfolio Manager in the Short Duration Fixed Income Group. Mr. Memon also is a portfolio manager for the Ultra-Short Fixed Income Fund.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.08 | 32.44 | 6.56 | 0.13 |