Log in
Forgot password ?
Become a member for free
Sign up
Sign up
Dynamic quotes 

4-Traders Homepage  >  Equities  >  Nasdaq  >  Northern Trust Corporation    NTRS

Delayed Quote. Delayed  - 12/14 09:29:23 pm
96.58 USD   -0.92%
05:06p NORTHERN TRUST : Raises Prime Rate
03:06p NORTHERN TRUST : Sponsors Akola Jewelry Displays
10:06a NORTHERN TRUST : NTRS) Files An 8-K Amendments to Articles of Incor..
News SummaryMost relevantAll newsSector newsTweets

Northern Trust Corporation : Northern Trust’s Ultra-Short Fixed Income Funds Surpass $3 Billion in Assets

share with twitter share with LinkedIn share with facebook
share via e-mail
02/11/2013 | 09:58pm CET
Northern Trust's Ultra-Short Fixed Income Funds Surpass $3 Billion in Assets Chicago , February 11, 2013 -

As investors search for yield beyond traditional money market funds, Northern Funds' Ultra-Short Fixed Income Fund (NUSFX) and Tax-Advantaged Ultra-Short Fixed Income Fund (NTAUX) have recently drawn assets from investors seeking opportunities for their investments that cover longer term spending needs. Northern Trust, which sponsors and manages the two funds, announced today that together they have exceeded $3 billion in assets.

"The Northern Funds' Ultra-Short Funds have exhibited strong asset growth since inception, which validates our view that clients value a consistent, proven investment process in a total return product that is different from a traditional money market fund," said Colin Robertson, Managing Director of Fixed Income for Northern Trust. "As clients rethink their investment strategies in this low interest rate environment, we expect our Ultra-Short funds and liquidity management ETF strategies will continue to acquire assets and gain significant traction in the marketplace."

Launched in June 2009, the funds have a highly focused strategy that draws on a legacy of more than 25 years of experience with risk-controlled ultra-short duration strategies. The funds are designed to take modest interest rate risk, credit risk and liquidity risk compared to money market funds.

The two funds have slightly higher volatility and lower liquidity than money market funds and seek to offer less volatility than intermediate and longer-duration fixed income securities.

While both seek to yield more than a money market fund with potential for capital appreciation, the Tax Advantaged Ultra-Short Fund seeks to provide investors in higher tax brackets more after tax yield by investing in municipal securities.

"The investment process for both funds combines a top-down macroeconomic view with intense bottom-up credit research in an effort to generate yield with moderate risk," said fund manager Carol Sullivan of Northern Trust.  "We maintain well-diversified portfolios of investment grade securities with a neutral target duration of one year, plus the flexibility to shorten or extend the portfolio up to another six months depending upon our macro forecasts. This flexibility helps us to position the two Ultra-Short Funds in a way that captures opportunity but also provides some protection in a rising rate environment."

The minimum investment required for each fund is $2,500. The expense ratio for Northern Ultra-Short Fixed Income Fund is .26 or $26 for every 10,000 invested. The expense ratio for Northern Tax-Advantaged Ultra-Short Fixed Income Fund is .25%. According to Morningstar, the average expense ratio for Ultra-Short Funds is .66%.

Please note that the Funds are not money market funds, which strive to maintain a $1.00 net asset value. The share price of the ultra-short funds fluctuate with their returns and are designed to complement the cash portion of an investor's portfolio, not replace it.  An investment in either fund could result in a loss of principal.

About Northern Trust
Northern Trust Corporation (Nasdaq: NTRS) is a leading provider of investment management, asset and fund administration, banking solutions and fiduciary services for corporations, institutions and affluent individuals worldwide. Northern Trust, a financial holding company based in Chicago, has offices in 18 U.S. states and 16 international locations in North America, Europe, the Middle East and the Asia-Pacific region. As of December 31, 2012, Northern Trust had assets under custody of US$4.8 trillion, and assets under investment management of US$758.9 billion. For more than 120 years, Northern Trust has earned distinction as an industry leader in combining exceptional service and expertise with innovative products and technology. For more information, visit www.northerntrust.com or follow us on Twitter @NorthernTrust.

Bond Risk: Bond funds will tend to experience smaller fluctuations in value than stock funds. However, investors in any bond fund should anticipate fluctuations in price, especially for longer-term issues and in environments of rising interest rates.

Please carefully read the prospectus and summary prospectus and consider the investment objectives, risks, charges and expenses of Northern Funds before investing. Call 800-595-9111 to obtain a prospectus and summary prospectus, which contains this and other information about the funds.

Northern Funds are distributed by Northern Funds Distributors, LLC, not affiliated with Northern Trust.

Press Release Archive

distributed by
share with twitter share with LinkedIn share with facebook
share via e-mail
05:06p NORTHERN TRUST : Raises Prime Rate
03:06p NORTHERN TRUST : Sponsors Akola Jewelry Displays
10:06a NORTHERN TRUST CORPORATION (NASDAQ : NTRS) Files An 8-K Amendments to Articles o..
12/13 NORTHERN TRUST CORP : Amendments to Articles of Inc. or Bylaws; Change in Fiscal..
12/13 DEERE MPANY : Mathes Company Stake In Deere & Co (DE) Was Upped; As Northern Tr ..
12/13 NORTHERN TRUST : Hires Experienced Manager to Drive Growth and Innovation in its..
12/12 NOVO NORDISK A/S : (NVO) Position Lessened by Capital Bank & Trust Co
12/12 RCI Hospitality Holdings, Inc. (RICK) Shares Bought by Nordea Investment Mana..
12/08 Northern Trust Corp Acquires 5,442 Shares of China Southern Airlines Company ..
12/07 NORTHERN TRUST CORPORATION : to Present at the Goldman Sachs U.S. Financial Serv..
More news
News from SeekingAlpha
03:34p Year End Report Card On My Bank Recommendations
11/22 102 Dividend Growth Stocks Going Ex-Dividend Next Week
10/18 Northern Trust Corporation (NTRS) CEO Frederick Waddell on Q3 2017 Results - ..
10/18 Northern Trust Corporation 2017 Q3 - Results - Earnings Call Slides
10/18 Higher rates boost Northern Trust; expense initiative aims to cut $250M
Financials ($)
Sales 2017 5 386 M
EBIT 2017 1 692 M
Net income 2017 1 079 M
Debt 2017 -
Yield 2017 1,64%
P/E ratio 2017 20,71
P/E ratio 2018 17,98
Capi. / Sales 2017 4,12x
Capi. / Sales 2018 3,81x
Capitalization 22 169 M
Duration : Period :
Northern Trust Corporation Technical Analysis Chart | NTRS | US6658591044 | 4-Traders
Technical analysis trends NORTHERN TRUST CORPORATION
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus HOLD
Number of Analysts 19
Average target price 99,7 $
Spread / Average Target 2,3%
EPS Revisions
Frederick H. Waddell Chairman & Chief Executive Officer
Michael G. O'Grady President & Director
Stephen Biff Bowman Chief Financial Officer & Executive Vice President
John W. Rowe Lead Independent Director
Dipak Chand Jain Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
BLACKROCK35.46%82 178
UBS GROUP8.78%69 816