ULTRA-SHORT FIXED INCOME FUND
Name
As of 10/11/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
4.9%
1 yr return
6.4%
3 Yr Avg Return
3.1%
5 Yr Avg Return
2.5%
Net Assets
$1.71 B
Holdings in Top 10
19.4%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.30%
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 10/11/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
NUSFX - Profile
Distributions
- YTD Total Return 4.9%
- 3 Yr Annualized Total Return 3.1%
- 5 Yr Annualized Total Return 2.5%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 0.48%
- Dividend Yield 4.7%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameULTRA-SHORT FIXED INCOME FUND
-
Fund Family NameNorthern Trust
-
Inception DateJun 18, 2009
-
Shares OutstandingN/A
-
Share ClassOther
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerMorten Olsen
Fund Description
∎ | Obligations of the U.S. government or its agencies, instrumentalities or sponsored enterprises; |
∎ | Obligations of U.S. state and local governments, and foreign governments; |
∎ | Commercial paper and other obligations of domestic and foreign banks and corporations; |
∎ | Zero coupon bonds and debentures; |
∎ | Inflation-indexed securities; and |
∎ | Mortgage and other asset-backed securities. |
NUSFX - Performance
Return Ranking - Trailing
Period | NUSFX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 4.9% | 0.0% | 7.2% | 48.15% |
1 Yr | 6.4% | 3.7% | 10.7% | 47.69% |
3 Yr | 3.1%* | -1.2% | 6.7% | 71.63% |
5 Yr | 2.5%* | -0.8% | 4.7% | 48.44% |
10 Yr | 2.0%* | -4.3% | 27.9% | 41.46% |
* Annualized
Return Ranking - Calendar
Period | NUSFX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 2.2% | -2.3% | 4.3% | 19.91% |
2022 | -2.5% | -6.5% | 0.5% | 63.16% |
2021 | -0.9% | -2.1% | 0.3% | 86.70% |
2020 | 0.8% | -3.1% | 1.8% | 17.53% |
2019 | 1.2% | -1.2% | 6.1% | 13.04% |
Total Return Ranking - Trailing
Period | NUSFX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 4.9% | 0.0% | 7.2% | 48.15% |
1 Yr | 6.4% | 3.7% | 10.7% | 47.69% |
3 Yr | 3.1%* | -1.2% | 6.7% | 71.63% |
5 Yr | 2.5%* | -0.8% | 4.7% | 48.44% |
10 Yr | 2.0%* | -4.3% | 27.9% | 41.46% |
* Annualized
Total Return Ranking - Calendar
Period | NUSFX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 5.9% | 0.8% | 12.1% | 40.74% |
2022 | -1.1% | -5.1% | 2.5% | 77.99% |
2021 | 0.0% | -2.1% | 14.5% | 70.44% |
2020 | 2.4% | -1.0% | 3.6% | 20.62% |
2019 | 3.7% | 0.3% | 9.6% | 16.85% |
NAV & Total Return History
NUSFX - Holdings
Concentration Analysis
NUSFX | Category Low | Category High | NUSFX % Rank | |
---|---|---|---|---|
Net Assets | 1.71 B | 26.3 K | 22.6 B | 39.35% |
Number of Holdings | 202 | 2 | 1258 | 68.98% |
Net Assets in Top 10 | 317 M | 23.7 K | 20 B | 40.28% |
Weighting of Top 10 | 19.40% | 6.3% | 159.6% | 50.93% |
Top 10 Holdings
- T 4.625 11/15/26 2.75%
- BFCM F 02/04/25 144A 2.14%
- COMET 2021-A1 A1 2.08%
- B 0 05/15/25 2.05%
- NWG F 09/29/26 144A 2.00%
- BNS F 03/02/26 1.83%
- AXP F 11/04/26 1.71%
- INTNED F 04/01/27 1.66%
- MQGAU F 10/14/25 144A 1.59%
- BMO F 09/15/26 MTN 1.58%
Asset Allocation
Weighting | Return Low | Return High | NUSFX % Rank | |
---|---|---|---|---|
Bonds | 91.66% | 0.00% | 129.63% | 27.31% |
Convertible Bonds | 9.30% | 0.00% | 15.25% | 9.77% |
Other | 7.09% | -8.85% | 99.91% | 58.80% |
Cash | 1.25% | 0.00% | 110.60% | 79.17% |
Stocks | 0.00% | 0.00% | 97.16% | 38.89% |
Preferred Stocks | 0.00% | 0.00% | 0.00% | 25.00% |
Bond Sector Breakdown
Weighting | Return Low | Return High | NUSFX % Rank | |
---|---|---|---|---|
Corporate | 81.40% | 0.00% | 99.91% | 2.79% |
Securitized | 8.07% | 0.00% | 100.00% | 71.16% |
Government | 7.48% | 0.00% | 100.00% | 34.88% |
Cash & Equivalents | 1.18% | 0.00% | 110.60% | 72.22% |
Municipal | 0.91% | 0.00% | 70.39% | 20.47% |
Derivative | 0.00% | -8.85% | 16.56% | 34.26% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | NUSFX % Rank | |
---|---|---|---|---|
US | 91.66% | 0.00% | 129.63% | 27.31% |
Non US | 0.00% | 0.00% | 20.18% | 36.57% |
NUSFX - Expenses
Operational Fees
NUSFX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.30% | 0.02% | 29.63% | 79.44% |
Management Fee | 0.23% | 0.00% | 1.19% | 36.57% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.01% | 0.40% | 68.18% |
Sales Fees
NUSFX 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
NUSFX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 0.00% | 1.00% | 40.00% |
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.
NUSFX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 84.82% | 0.00% | 369.54% | 64.84% |
NUSFX - Distributions
Dividend Yield Analysis
NUSFX | Category Low | Category High | NUSFX % Rank | |
---|---|---|---|---|
Dividend Yield | 4.74% | 0.00% | 8.76% | 78.70% |
Dividend Distribution Analysis
NUSFX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
NUSFX | Category Low | Category High | NUSFX % Rank | |
---|---|---|---|---|
Net Income Ratio | 0.48% | -1.30% | 14.86% | 50.96% |
Capital Gain Distribution Analysis
NUSFX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Sep 24, 2024 | $0.041 | OrdinaryDividend |
Aug 26, 2024 | $0.046 | OrdinaryDividend |
Mar 25, 2024 | $0.036 | OrdinaryDividend |
Feb 26, 2024 | $0.041 | OrdinaryDividend |
Jan 25, 2024 | $0.044 | OrdinaryDividend |
Dec 21, 2023 | $0.038 | OrdinaryDividend |
Oct 24, 2023 | $0.040 | OrdinaryDividend |
Sep 21, 2023 | $0.032 | OrdinaryDividend |
Aug 24, 2023 | $0.035 | OrdinaryDividend |
Jul 24, 2023 | $0.035 | OrdinaryDividend |
Jun 22, 2023 | $0.031 | OrdinaryDividend |
May 24, 2023 | $0.031 | OrdinaryDividend |
Apr 24, 2023 | $0.032 | OrdinaryDividend |
Mar 23, 2023 | $0.027 | OrdinaryDividend |
Feb 23, 2023 | $0.028 | OrdinaryDividend |
Jan 24, 2023 | $0.035 | OrdinaryDividend |
Dec 15, 2022 | $0.018 | OrdinaryDividend |
Nov 22, 2022 | $0.021 | OrdinaryDividend |
Oct 24, 2022 | $0.021 | OrdinaryDividend |
Sep 22, 2022 | $0.016 | OrdinaryDividend |
Aug 24, 2022 | $0.017 | OrdinaryDividend |
Jul 21, 2022 | $0.012 | OrdinaryDividend |
Jun 23, 2022 | $0.010 | OrdinaryDividend |
May 24, 2022 | $0.008 | OrdinaryDividend |
Apr 21, 2022 | $0.005 | OrdinaryDividend |
Mar 24, 2022 | $0.004 | OrdinaryDividend |
Feb 24, 2022 | $0.005 | OrdinaryDividend |
Jan 24, 2022 | $0.006 | OrdinaryDividend |
Dec 16, 2021 | $0.004 | OrdinaryDividend |
Dec 16, 2021 | $0.008 | CapitalGainShortTerm |
Dec 16, 2021 | $0.015 | CapitalGainLongTerm |
Nov 23, 2021 | $0.004 | OrdinaryDividend |
Oct 25, 2021 | $0.005 | OrdinaryDividend |
Sep 23, 2021 | $0.005 | OrdinaryDividend |
Aug 24, 2021 | $0.005 | OrdinaryDividend |
Jul 26, 2021 | $0.005 | OrdinaryDividend |
Jun 24, 2021 | $0.005 | OrdinaryDividend |
May 24, 2021 | $0.006 | OrdinaryDividend |
Apr 22, 2021 | $0.005 | OrdinaryDividend |
Mar 24, 2021 | $0.005 | OrdinaryDividend |
Feb 24, 2021 | $0.006 | OrdinaryDividend |
Jan 25, 2021 | $0.008 | OrdinaryDividend |
Dec 17, 2020 | $0.005 | OrdinaryDividend |
Dec 17, 2020 | $0.010 | CapitalGainShortTerm |
Dec 17, 2020 | $0.007 | CapitalGainLongTerm |
Nov 24, 2020 | $0.006 | OrdinaryDividend |
Oct 26, 2020 | $0.008 | OrdinaryDividend |
Sep 24, 2020 | $0.008 | OrdinaryDividend |
Aug 24, 2020 | $0.009 | OrdinaryDividend |
Jul 23, 2020 | $0.010 | OrdinaryDividend |
Jun 24, 2020 | $0.011 | OrdinaryDividend |
May 26, 2020 | $0.015 | OrdinaryDividend |
Apr 23, 2020 | $0.016 | OrdinaryDividend |
Mar 24, 2020 | $0.017 | OrdinaryDividend |
Feb 24, 2020 | $0.019 | OrdinaryDividend |
Jan 23, 2020 | $0.021 | OrdinaryDividend |
Dec 19, 2019 | $0.017 | OrdinaryDividend |
Nov 21, 2019 | $0.018 | OrdinaryDividend |
Oct 24, 2019 | $0.019 | OrdinaryDividend |
Sep 24, 2019 | $0.019 | OrdinaryDividend |
Aug 26, 2019 | $0.023 | OrdinaryDividend |
Jul 24, 2019 | $0.021 | OrdinaryDividend |
Dec 21, 2017 | $0.003 | CapitalGainShortTerm |
Dec 21, 2017 | $0.002 | CapitalGainLongTerm |
Dec 17, 2015 | $0.003 | CapitalGainShortTerm |
Dec 17, 2015 | $0.004 | CapitalGainLongTerm |
Dec 18, 2014 | $0.003 | CapitalGainShortTerm |
Dec 18, 2014 | $0.009 | CapitalGainLongTerm |
Dec 19, 2013 | $0.003 | CapitalGainShortTerm |
Dec 19, 2013 | $0.003 | CapitalGainLongTerm |
Dec 19, 2012 | $0.004 | CapitalGainShortTerm |
Dec 19, 2012 | $0.009 | CapitalGainLongTerm |
Dec 19, 2011 | $0.006 | CapitalGainShortTerm |
Dec 19, 2011 | $0.010 | CapitalGainLongTerm |
Dec 21, 2010 | $0.004 | CapitalGainShortTerm |
NUSFX - Fund Manager Analysis
Managers
Morten Olsen
Start Date
Tenure
Tenure Rank
Jul 31, 2016
5.84
5.8%
Morten Olsen is a Vice President of Northern Trust Investments, Inc. Mr. Olsen joined Northern Trust Investments, Inc. in 2009. From 2004 to 2008, Mr. Olsen worked at Lehman Brothers and from 2008 to 2009 at Nomura. In both roles, Mr. Olsen was responsible for the investment of the banks liquidity pool.
Bilal Memon
Start Date
Tenure
Tenure Rank
Oct 23, 2018
3.61
3.6%
Bilal Memon is Vice President of NTI. Mr. Memon joined NTI in 2007 and is responsible for managing various short duration portfolios.Prior to joining Northern Trust in 2007, he was with Ford Motor Company for three years. He joined them as the Associate Director of Pension Asset Management, became a Fixed Income Portfolio Manager in 2005, and finally became part of the Treasury Staff in 2006.Bilal received his B.A degree in Economics from The University of Chicago and his M.B.A. degree in Analytical Finance and Marketing Management from The University of Chicago Graduate School of Business.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.08 | 32.44 | 6.56 | 0.13 |