Markets

Guide to Northern Short Bond Fund (BSBAX)

Northern Short Bond ( BSBAX ) 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.

About Zacks Mutual Fund Rank

By applying the Zacks Rank to mutual funds, investors can find funds that not only outpaced the market in the past but are also expected to outperform going forward. Pick the best mutual funds with the Zacks Rank.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days . Click to get this free report >>

View All Zacks #1 Ranked Mutual Funds

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

Get Your Free (BSBAX): Fund Analysis Report

To read this article on Zacks.com 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.


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

In This Story

BSBAX

Other Topics

Mutual Funds

Latest Markets Videos