Signon to Passport
 |
Carol Sullivan With Northern Trust since 1996 |
 |
Scott Warner With Northern Trust since 2000 |
Fact Sheet 
Review fund performance
View fund performance for equity, fixed income and money market funds.
Choosing a Fund
Use our Risk/Reward spectrum to navigate your way to the mutual fund that is right for you.
The Ultra-Short Fixed Income Fund, which has a $250,000 initial investment minimum, seeks to generate higher yields than money market funds with less volatility than short duration bond funds. It is intended for investors with an investment horizon of at least one year and strives to maintain a 6-18 month average maturity, under normal circumstances, with a maximum security maturity of three years.
The Fund is not a money market fund, which maintains a $1.00 NAV, and the Fund’s share price will fluctuate with its returns.
The Fund is not a money market fund, which maintains a $1.00 NAV, and the Fund’s share price will fluctuate with its returns.
| Fund Objective | Total Return |
| Initial Investment Minimum | $250,000 |
| Redemption Fee | 1% on shares sold or exchanged within 90 days of purchase |
|     |
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Performance quoted represents past performance and does not guarantee future results. Investment return and principal value will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than that shown here.
The Advisor has agreed to reimburse certain expenses of the Fund. The contractual reimbursement arrangement is expected to continue until at least July 31, 2011. After this date, the contractual arrangements may be terminated if it is determined to be in the best interest of the Fund and its shareholders. In the absence of fee waivers, yield, total return, growth since inception and dividends would have been reduced. Total return is based on net change in NAV assuming reinvestment of distributions. The 30-day SEC yield more closely reflects the current earnings of the Fund than the total returns.
Disclosure
The Advisor has agreed to reimburse certain expenses of the Fund. The contractual reimbursement arrangement is expected to continue until at least July 31, 2011. After this date, the contractual arrangements may be terminated if it is determined to be in the best interest of the Fund and its shareholders. In the absence of fee waivers, yield, total return, growth since inception and dividends would have been reduced. Total return is based on net change in NAV assuming reinvestment of distributions. The 30-day SEC yield more closely reflects the current earnings of the Fund than the total returns.
Disclosure
| Gross Expense Ratio | Net Expense Ratio* | |
| Ultra-Short Fixed Income (NUSFX) | 0.55% | 0.25% |
| *Includes contractual expense reimbursements that, if not extended, will end on July 31, 2011. | ||
| 2009 | |||||
| Ultra-Short Fixed Income | — | ||||
| Merrill Lynch 1-Year U.S. Treasury Note Index | — | ||||
| Morningstar Category Avg. Ultrashort Bond | — | ||||
| Performance quoted represents past performance and does not guarantee future results. | |||||
| Number of Holdings | 178 |
| Average Duration† | 1.1 YRS |
| Average Maturity | 419 DAYS |
| Yield to Maturity | 1.00% |
| Income** | $0.0085 |
| Dividend Schedule | Monthly |
| Dividend Income Last Quarter | $0.0249 |
| Capital Gain Income Last Quarter | N/A |
| Benchmark | Merrill Lynch 1-Year U.S. Treasury Note Index |
| Morningstar Category | US Ultrashort Bond |
|
|||||||||||||||||||||||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||||||||||||||||||||||
|
