Ultra-Short Fixed Income

Summary

The Ultra-Short Fixed Income Fund seeks to generate higher yields than money market funds with less volatility than short duration bond funds. It is intended for investors with an investment horizon of at least one year and strives to maintain a six to eighteen month dollar-weighted average maturity, under normal circumstances, with a maximum security duration of three years or less.

This Fund is not a money market fund, which maintains a $1.00 NAV, and the Fund's share price will fluctuate with its returns. An investment in the Fund can result in the loss of principal.

Fund Objective

The Fund seeks to maximize total return (capital appreciation and income) to the extent consistent with preservation of principal.

Fund Strategy

• Seek to yield more than a money market fund with potential for capital appreciation.
• Strive to maintain a 6-18 month average maturity, under normal circumstances, with a maximum security duration of three years.
• Manage Fund in an effort to have an average portfolio quality of A or better, with all securities to be investment grade.

Investor Profile

If you're seeking an investment that may generate higher yields than money market funds with less volatility than short duration bond funds, this Fund may be appropriate for you. The Fund is intended for investors with an investment horizon of at least one year who are seeking to move a portion of their money market fund assets.

The Fund is not a money market fund, which maintains a $1.00 NAV, and the Fund's share price will fluctuate with its returns.

Risk/Reward Potential

Important risk information can be found on the Portfolio tab.

Not FDIC insured | May lose value | No bank guarantee

View investment terms definitions

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

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