Tax-Advantaged Ultra-Short Fixed Income

Summary

The Tax-Advantaged Ultra-Short Fixed Income Fund invests in short duration instruments and is intended for investors with an investment horizon of at least one year and is designed to provide investors in higher tax brackets more after-tax yield than a money market fund with potential for capital appreciation. The Fund strives to maximize after-tax return by pursuing best net after-tax yield and total return opportunities in both taxable and tax-exempt securities.

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), adjusted for the federal maximum tax rate, to the extent consistent with preservation of principal.

Fund Strategy

• Seek to provide investors in higher tax brackets more after-tax yield than a money market fund with potential for capital appreciation.
• Strive to maximize after-tax return by pursuing best net after-tax yield and total return opportunities in both taxable and tax-exempt securities.
• Strive to maintain a 6-18 month average maturity, under normal circumstances, with a maximum security duration of three years. Also 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.

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.

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