3 Northern Mutual Funds for Scintillating Returns

Founded in 1889, Northern Trusts manages assets worth over $160 billion (as of Jun 30, 2019) based on assets raised in the country. The company generally focuses on funds that have a long-term performance goal. Moreover, all the Northern funds bear no sales load, making them strong investment choices for those seeking low-cost funds.

Northern Trusts is one of the major asset management companies, providing a variety of investment solutions and strategies to both individuals and institutions. It comprises investment professionals with experience of more than 15 years. At present, the company has more than 20 branches globally and around 18,800 employees all over the world.

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 Northern funds.

Northern Short-Intermediate U.S. Government NSIUX fund 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. The fund buys and sells securities by using models that analyze and compare expected returns and assumed risks. NSIUX has returned 1.1% in the past three years.

NSIUX has an expense ratio of 0.42% compared with the category average of 0.74%.

Northern Short Bond Fund BSBAX 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 may also invest in obligations of foreign issuers and junk bonds. BSBAX has three-year annualized returns of 2%.

Mousumi Chinara is the fund manager of BSBAX since 2019.

Northern California Tax-Exempt NCATX fund seeks a high level of current income exempted from regular federal income tax and California state personal income tax. NCATX invests the majority of its assets in debt securities that are believed to offer returns exempted from California state personal income tax and regular federal income tax. Moreover, NCATX is expected to maintain a dollar-weighted average maturity between 10 years and 30 years NCATX has three-year annualized returns of 2.9%.

As of September 2019, NCATX held 90 issues, with 4.13% of its assets invested in NEWPORT-MESA CALIF UNI SCH DIST 0%

To view the Zacks Rank and past performance of all Northern mutual funds, investors can click here to see the complete list of funds.

Want key mutual fund info delivered straight to your inbox?

Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing mutual funds, each week. Get it free >>

Click to get this free report

Get Your Free (BSBAX): Fund Analysis Report

Get Your Free (NSIUX): Fund Analysis Report

Get Your Free (NCATX): Fund Analysis Report

To read this article on click here.

Zacks Investment Research

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Other Topics

Mutual Funds

Latest Markets Videos


Zacks is the leading investment research firm focusing on stock research, analysis and recommendations. In 1978, our founder discovered the power of earnings estimate revisions to enable profitable investment decisions. Today, that discovery is still the heart of the Zacks Rank. A wealth of resources for individual investors is available at

Learn More