Northern Fund Adds Bond Index To Mutual Funds Family

The Northern Bond Index Fund has been added to the Northern Trust Funds family of mutual funds. The Fund seeks to achieve an overall duration and total return similar to the Lehman Brothers U.S. Aggregate Index, long considered a proxy

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The Northern Bond Index Fund has been added to the Northern Trust Funds family of mutual funds.

The Fund seeks to achieve an overall duration and total return similar to the Lehman Brothers U.S. Aggregate Index, long considered a proxy for the U.S. bond market.

With the launch of the Northern Bond Index Fund on February 27, Northern Funds will now include 37 no-load domestic and international mutual funds.

“Our Northern Bond Index Fund will concentrate on producing conservative income while managing portfolio risk,” says D’Arienzo. “Reflective of the Index today, the Fund’s anticipated average maturity will be between 5 and 10 years, which may provide greater stability of principal than is generally available from longer-term high-yielding bonds.”

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