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.
Northern Trust’s Ultra-Short Fixed Income Funds Surpass $3 Billion In Assets
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