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Multi-Asset

Global Tactical Asset Allocation

Ticker:

NAV AS OF 01/27/23

BBALX

$12.12

-$0.01

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Summary

For those long-term investors looking to diversify your investment among various asset classes (stocks, bonds, commodities, and other) both domestic and foreign. The Fund seeks to provide long-term capital appreciation and current income. The Fund invests primarily in shares of a combination of underlying mutual funds and exchange-traded funds ("ETFs"), with its asset allocation model adjusted based on changing market conditions. The Fund will invest significantly in companies that are represented in diversified foreign indices. Dividends, if any, are declared and paid quarterly. Capital gains, if any, are distributed at least annually.

Fund Objective

Capital Appreciation and Current Income.

Fund Strategy

  • Diversify among various asset classes (stocks, bonds, commodities, and other) both domestic and foreign. The allocation will be based on an asset allocation framework developed by the Investment Policy Committee of The Northern Trust Company (TNTC) and Northern Trust Investments, Inc. (NTI).
  • Invest significantly in funds that invest in companies that are located outside of the U.S. as represented in either the MSCI EAFE® Index, MSCI Emerging Markets Index or other diversified foreign indices.
  • Monitor the current asset allocation framework regularly to ensure the allocation is aligned with evolving investment views amid changing market and economic conditions.

Investor Profile

For those long-term investors looking to diversify your investment among various asset classes (stocks, bonds, commodities, and other) both domestic and foreign, then this Fund may be right for you.

Risk/Reward Potential

risk reward

Asset Class Weightings

As of 12/31/22
Asset ClassInvestment VehicleHoldings Weight
U.S. EquityFlexShares Morningstar US Market Factor TILT Index Fund10.2
U.S. EquityFlexShares US Quality Dividend Index Fund9.3
U.S. EquityFlexShares US Quality Low Volatility Index Fund7.5
Non U.S. Equity - DevelopedFlexShares Morningstar Developed Markets ex-US Factor TILT Index Fund5.3
Non U.S. Equity - DevelopedFlexshares International Quality Dividend Index Fund5.3
Non U.S. Equity - DevelopedFlexShares Developed Markets ex-US Quality Low Volatility Index Fund2.4
Non U.S. Equity - Emerging MarketsFlexShares Morningstar Emerging Markets Factor TILT Index Fund2.0
Global Real EstateFlexShares Global Quality Real Estate Index Fund2.0
U.S. Bonds - High YieldFlexShares High Yield Value Scored Bond Index Fund11.0
U.S. Bonds -
Investment Grade
FlexShares Credit-Scored US Corporate Bond Index Fund1.9
U.S. Bonds -
Investment Grade
FlexShares Disciplined Duration Fund4.1
U.S. Bonds -
Investment Grade
FlexShares Credit-Scored US Long Corporate Bond Index Fund0.2
U.S. Bonds -
Investment Grade
FlexShares iBoxx 5-Year Target Duration TIPS Index Fund5.0
U.S. Bonds -
Investment Grade
FlexShares Ultra-Short Income Fund4.0
U.S. Bonds -
Investment Grade
iShares 1-3 Year Treasury Bond3.3
U.S. Bonds -
Investment Grade
iShares 3-7 Year Treasury Bond3.5
U.S. Bonds -
Investment Grade
iShares 7-10 Year Treasury Bond Fund2.0
U.S. Bonds -
Investment Grade
iShares 20+ Year Treasury Bond Fund2.4
U.S. Bonds -
Investment Grade
iShares MBS ETF4.1
U.S. Bonds -
Investment Grade
iShares 1-5 Year Investments Grade Corporate Bond ETF2.4
U.S. Bonds -
Investment Grade
iShares 10 + Year Investments Grade2.7
U.S. Bonds -
Investment Grade
MFC iShares Intermediate Credit Bond ETF1.1
Commodities/
Natural Resources
FlexShares Morningstar Global Upstream Natural Resources Index Fund6.0
Global InfrastructureFlexShares STOXX Global Broad Infrastructure Index Fund2.0
CashNIF U.S. Government Portfolio0.1
Total 100.0%

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.

©2023 Northern Funds | Northern Funds are distributed by Northern Funds Distributors, LLC, not affiliated with Northern Trust.