Multi-Asset
Global Tactical Asset Allocation
Ticker:
NAV AS OF 09/22/23
BBALX
$11.73$0.02
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
The Fund seeks to provide long-term 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
Overall Morningstar Rating TM
Among 377 global allocation funds derived from a weighted average of the fund's
3-, 5- and 10-year risk-adjusted returns as of 8/31/23.
Global Tactical
Asset Allocation received 3 stars for the 3-year rating among 377 global allocation
funds, 3 stars for the 5-year rating among 349 funds and 4 stars for the 10-year rating
among 255 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.
©2023 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.
Asset Class Weightings
| Asset Class | Investment Vehicle | Holdings Weight |
|---|---|---|
| U.S. Equity | FlexShares Morningstar US Market Factor TILT Index Fund | 10.3 |
| U.S. Equity | FlexShares US Quality Dividend Index Fund | 9.3 |
| U.S. Equity | FlexShares US Quality Low Volatility Index Fund | 5.5 |
| Non U.S. Equity - Developed | FlexShares Morningstar Developed Markets ex-US Factor TILT Index Fund | 4.4 |
| Non U.S. Equity - Developed | Flexshares International Quality Dividend Index Fund | 4.5 |
| Non U.S. Equity - Developed | FlexShares Developed Markets ex-US Quality Low Volatility Index Fund | 2.2 |
| Non U.S. Equity - Emerging Markets | FlexShares Morningstar Emerging Markets Factor TILT Index Fund | 3.1 |
| Global Real Estate | FlexShares Global Quality Real Estate Index Fund | 2.0 |
| U.S. Bonds - High Yield | FlexShares High Yield Value Scored Bond Index Fund | 11.0 |
| U.S. Bonds - Investment Grade | FlexShares Credit-Scored US Corporate Bond Index Fund | 2.2 |
| U.S. Bonds - Investment Grade | FlexShares Disciplined Duration Fund | 1.6 |
| U.S. Bonds - Investment Grade | FlexShares Credit-Scored US Long Corporate Bond Index Fund | 0.1 |
| U.S. Bonds - Investment Grade | FlexShares iBoxx 5-Year Target Duration TIPS Index Fund | 5.0 |
| U.S. Bonds - Investment Grade | FlexShares Ultra-Short Income Fund | 3.9 |
| U.S. Bonds - Investment Grade | iShares 1-3 Year Treasury Bond | 2.3 |
| U.S. Bonds - Investment Grade | iShares 3-7 Year Treasury Bond | 5.3 |
| U.S. Bonds - Investment Grade | iShares 7-10 Year Treasury Bond Fund | 2.1 |
| U.S. Bonds - Investment Grade | iShares 20+ Year Treasury Bond Fund | 1.9 |
| U.S. Bonds - Investment Grade | iShares MBS ETF | 7.8 |
| U.S. Bonds - Investment Grade | iShares 1-5 Year Investments Grade Corporate Bond ETF | 2.5 |
| U.S. Bonds - Investment Grade | iShares 10 + Year Investments Grade | 2.9 |
| U.S. Bonds - Investment Grade | MFC iShares Intermediate Credit Bond ETF | 1.1 |
| Commodities/ Natural Resources | FlexShares Morningstar Global Upstream Natural Resources Index Fund | 7.0 |
| Global Infrastructure | FlexShares STOXX Global Broad Infrastructure Index Fund | 2.0 |
| Cash | NIF U.S. Government Portfolio | 0.0 |
| 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.