AAII Mutual Fund Summary Report for NSCXX

Fund Evaluator:

Northern Stablecoin Csh Rsrvs Prtfl (NSCXX) Follow This Fund
Capital Preservation
Global Asset Class
Money Market
Fund Group
Money Market-Taxable
Category
$0.000
NAV (as of )
$5,000,000.00
Minimum Initial
0.18% A
Expense Ratio
$25 Mil
Assets
Open
Status
na
12b-1 Fee
na
TTM Yield
0.00%
Max Load
na
Portfolio Turnover

Best Performing in Money Market-Taxable Over the Last Year

No funds meet the criteria for consistent category performer.
Data as of 9/30/2026
na
1-Mo Return
na
3-Mo Return
na
YTD Return
na
1-Yr Return
na
3-Yr Return
na
5-Yr Return
na
Category Risk Index
na
Total Risk Index

Fund Details

Fund Family
Northern Trust

Inception Date
9/8/2026

Share Class Type
Other

Equity Investment Style
na

Bond Investment Style
na

Socially Responsible Fund
No

Index Fund
No

Benchmark Index
N/A: 100%

Additional Fund Details


Northern Stablecoin Csh Rsrvs Prtfl Overview

Northern Stablecoin Csh Rsrvs Prtfl (NSCXX) is an actively managed Money Market Money Market-Taxable fund. Northern Trust launched the fund in 2026.

The investment seeks to maximize current income to the extent consistent with the preservation of capital and maintenance of liquidity. The fund seeks to achieve its objective by investing, under normal circumstances, in: cash; treasury bills, treasury notes, and treasury bonds (“treasury obligations”) with a remaining maturity of 93 days or less; and overnight repurchase agreements collateralized by treasury obligations.

About Northern Stablecoin Csh Rsrvs Prtfl (NSCXX)

There are 1 members of the management team with an average tenure of 0.06 years: Management Team (2026). Management tenure is more important for actively managed funds than passive index funds.

Northern Stablecoin Csh Rsrvs Prtfl has securities in its portfolio. The top 10 holdings constitute 0.0% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.

Northern Stablecoin Csh Rsrvs Prtfl is part of the Capital Preservation global asset class and is within the Money Market fund group. Northern Stablecoin Csh Rsrvs Prtfl has 0.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0%. There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Northern Stablecoin Csh Rsrvs Prtfl has 0.0% of the portfolio in cash.

Assets Under Management

The fund has $25 million in total assets, which is above the $18 million average for the Money Market-Taxable category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.

NSCXX Performance and Fees

The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Northern Stablecoin Csh Rsrvs Prtfl expense ratio is low compared to funds in the Money Market-Taxable category. Northern Stablecoin Csh Rsrvs Prtfl has an expense ratio of 0.18%, which is 8% lower than its category average, making the fund expense ratio grade a A. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.

High portfolio turnover can translate to higher expenses and lower aftertax returns. A portfolio turnover rate cannot be currently calculated for Northern Stablecoin Csh Rsrvs Prtfl.

Recently, in the month of September 2026, Northern Stablecoin Csh Rsrvs Prtfl returned 0.0%, which earned it a grade of NA, as the Money Market-Taxable category had an average return of 0.2%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.

Northern Stablecoin Csh Rsrvs Prtfl has a trailing yield of 0.00%, which is above the 0.00% category average. The fund normally distributes its income monthly and its capital gains annually.

It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.

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NSCXX Trailing NAV Total Returns Data as of 9/30/26

Last
Month
Last
Quarter
Ann'l.
1Yr
Ann'l.
3Yr
Ann'l.
5Yr
Ann'l.
10Yr
NSCXX Return (NAV) na na na na na na
NSCXX Grade na na na na na na
+/- Category na na na na na na
Money Market-Taxable Avg 0.2% 0.9% na na na na
NSCXX Tax Cost Ratio na na na na na na

NSCXX Annual NAV Total ReturnsData as of 9/30/26

2026 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016
NSCXX Return (NAV) na na na na na na na na na na na
NSCXX Grade na na na na na na na na na na na
+/- Category na na na na na na na na na na na
Money Market-Taxable Avg na na na na na na na na na na na
Risk Measures
Standard Deviation: na
Total Risk Index: na
Category Risk Index: na
Category Risk Grade:
Beta: na
R-Squared: na
Leveraged Fund: No
Inverse Fund: No
Portfolio Characteristics
Equity Investment Style: na
Bond Investment Style: na
Yield: --
Dividend Distribution: Monthly
Cap Gains Distribution: Annually
Total Assets: $25 Mil
Fund Total Assets: $ 25 Mil
Share Class Type: Other
Portfolio Turnover: na

Management Team

Number of Managers: 1
Longest Tenure: 0.1 years
Average Tenure: 0.1 years
Managers (Year): Team Management (2026)

Portfolio Composition (as of )

# of Holdings:
% in Top 10 Holdings: 0.0%
Fund is Non-Diversified: No
% in Foreign Issues: 0.0%
 

Portfolio Allocation

Domestic Stock: 0.0%
Foreign Stock: 0.0%
Preferred Stock: 0.0%
Domestic Bond: 0.0%
Foreign Bond: 0.0%
Convertible Bond: 0.0%
Other: 0.0%
Cash: 0.0%

Purchase Information

Fund Family: Northern Trust
Phone Number: 800-637-1380
Website: www.northernfunds.com
Status: Open
Inception Date: September 8, 2026
Min. Initial Purchase: $5,000,000
Min. Initial IRA Purchase: $ 0
True No-Load: Yes
Front Load Maximum: 0.00%
Deferred Charge Maximum: 0.00%
Redemption Charge Maximum: 0.00%
12b-1 Fee: na

Expenses and Fees

Expense Ratio (%): 0.18% ( Rating : Low )
Category Average Expense Ratio (%): 0.20%
Share Class: Northern Stablecoin Csh Rsrvs Prtfl
Min. Subsequent Purchase: $ 0
Min. Subsequent IRA Purchase: $ 0
Copyright 2026 American Association of Individual Investors and Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.