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Multi-Asset

Global Tactical Asset Allocation

Ticker:

NAV AS OF 06/18/19

BBALX

$12.77

$0.11

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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

Overall Morningstar Rating TM

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                4 stars for the Morningstar rating

Among 405 world allocation funds derived from a weighted average of the fund's 3-,5-, and 10-year risk-adjusted returns as of 5/31/19.

Global Tactical Asset Allocation received 4 stars for the 3-year rating among 405 world allocation funds, 4 stars for the 5-year rating among 323 funds and 3 stars for the 10-year rating among 168 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.

Asset Allocation Weightings

As of 5/31/19
Asset ClassInvestment VehicleHoldings Weight
U.S. EquityFlexShares Morningstar US Market Factor TILT Index Fund17.2
U.S. EquityFlexShares US Quality Dividend Index Fund7.4
Non U.S. Equity - DevelopedFlexShares Morningstar Developed Markets ex-US Factor TILT Index Fund9.9
Non U.S. Equity - DevelopedFlexshares International Quality Dividend Index Fund6.0
Non U.S. Equity - Emerging MarketsFlexShares Morningstar Emerging Market Factor TILT Index Fund7.6
Global Real EstateFlexShares Global Quality Real Estate Index Fund4.1
U.S. Bonds - High YieldiShares iBoxx High Yield Corporate Bond11.0
U.S. Bonds -
Investment Grade
FlexShares Credit-Scored US Corporate Bond Index Fund6.8
U.S. Bonds -
Investment Grade
FlexShares Disciplined Duration Fund3.9
U.S. Bonds -
Investment Grade
FlexShares Credit-Scored US Long Corporate Bond Index Fund0.7
U.S. Bonds -
Investment Grade
iShares 1-3 Year Credit Bond ETF0.8
U.S. Bonds -
Investment Grade
iShares 3-7 Year Treasury Bond Fund5.1
U.S. Bonds -
Investment Grade
iShares 7-10 Year Treasury Bond Fund0.9
U.S. Bonds -
Investment Grade
iShares 20+ Year Treasury Bond Fund2.2
U.S. Bonds -
Investment Grade
iShares MBS ETF6.3
U.S. Bonds -
Investment Grade
iShares Trust Long Term Corporate Bond ETF3.1
Commodities/
Natural Resources
FlexShares Morningstar Global Upstream Natural Resources Index Fund4.8
Global InfrastructureFlexShares STOXX Global Broad Infrastructure Index Fund2.1
CashNIF US 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 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.