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Fixed Income

U.S. Treasury Index

Ticker:

NAV AS OF 09/19/19

BTIAX

$22.21

$0.02

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Summary

The U.S. Treasury Index Fund seeks to provide investment results approximating the performance of the Bloomberg Barclays U.S. Treasury Index. Through a passive investment approach, the Fund invests primarily in securities represented by the Index. Unlike Treasury bonds and bills, the principle value and investment return of the Fund is not guaranteed or insured by the U.S. government. Dividends, if any, are declared and paid monthly. Capital gains, if any, are distributed at least annually.

Fund Objective

Seeks to Replicate the Index

Fund Strategy

  • Passively managed in an effort to replicate the performance and composition of the Bloomberg Barclays U.S. Treasury Index.
  • Invest substantially all (and at least 80%) of its assets in a representative sample of the U.S. Treasury obligations included in the Index.
  • Provide investors with a way to gain broad exposure to U.S. Treasury market.

Investor Profile

If you are an income-oriented investor who is looking to diversify your investments by gaining broad exposure to the U.S. Treasury market then this Fund may be right for you. It offers a diversified portfolio of Treasury securities approximating the Bloomberg Barclays U.S. Treasury Index.

Risk/Reward Potential

risk reward

Overall Morningstar Rating TM

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                4 stars for the Morningstar rating

Among 208 intermediate government funds derived from a weighted average of the fund's 3-, 5- and 10-year risk-adjusted returns as of 8/31/19.

U.S. Treasury Index received 4 stars for the 3-year rating among 208 world allocation funds, 4 stars for the 5-year rating among 192 funds and 3 stars for the 10-year rating among 149 funds.

The Morningstar RatingTM for funds, or "star rating," is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods. Past performance is no guarantee of future results.

©2019 Morningstar, Inc. All Rights Reserved. Morningstar and/or its content providers are the proprietors of this information; do not permit its unauthorized copying or distribution; do not warrant it to be accurate, complete or timely; and are not responsible for damages or losses arising from its use.

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 before investing. Call 800-595-9111 to obtain a prospectus and summary prospectus, which contains this and other information about the funds.

©2019 Northern Funds | Northern Funds are distributed by Northern Funds Distributors, LLC, not affiliated with Northern Trust.