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|Ticker||NAV AS OF 10/22/14|
|NOEQX||$32.55 $-0.33 Arrow Down Icon|
|If you fit the profile of a more aggressive investor able to accept greater volatility in exchange for higher potential return than is offered by the Large Cap Growth Fund, you will want to consider this Fund as a core holding for your portfolio. In an attempt to achieve its investment objective, the Fund may occasionally emphasize particular companies or market segments, such as technology. Many of the companies in which the Fund invests retain earnings to finance current and future growth. Investors should expect low to no dividends.|
|If you fit the profile of a more aggressive investor able to accept greater volatility in exchange for higher potential return than is offered by the Large Cap Equity Fund, you will want to consider this Fund as a core holding for your portfolio. Because companies with these characteristics often retain their earnings, investors should expect low to no dividends.|
|YTD Total Return||1.12% (as of 10/22/14)|
|Total Net Assets||$99,944,780 (as of 09/30/14)|
|Month|| ||YTD|| ||3-Year||5-Year|| || Since
|Large Cap Growth||-2.91%||0.55%||2.52%||13.13%||18.48%||14.00%||6.98%||8.48%|
|Russell 1000 Growth Index||-1.45%||1.49%||7.89%||19.15%||22.45%||16.50%||8.94%||8.94%|
|Morningstar Cat. Avg.|
|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 (excluding acquired fund fees and expenses; a portion of the compensation paid to each Trustee who is not an officer, director or employee of Northern Trust Corporation or its subsidiaries; expenses related to third-party consultants engaged by the Board of Trustees of the Trust; membership dues paid to the Investment Company Institute and Mutual Fund Directors Forum; extraordinary expenses; and interest, if any) to the extent the "Total Annual Fund Operating Expenses" exceed 0.85%. The contractual limitation may not be terminated before July 31, 2015 without the approval of the Board of Trustees. 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.
|Gross Expense Ratio||Net Expense Ratio‡|
|Large Cap Growth||0.96%||0.85%|
|‡Includes contractual expense reimbursements that, if not extended, will end on July 31, 2015.|
|Large Cap Growth||31.77%||15.02%||-0.51%||15.19%||28.61%|
|Russell 1000 Growth Index||33.48%||15.26%||2.64%||16.71%||37.21%|
|Morningstar Category Avg. Large Growth||33.92%||15.34%||-2.46%||15.53%||35.68%|
|Performance quoted represents past performance and does not guarantee future results.|
|Top 10 Holdings||Fund|
|Gilead Sciences Inc||3.5%|
|Priceline Group Inc||3.4%|
|Google Inc Class C||3.0%|
|Biogen Idec Inc||2.5%|
|% of Portfolio||34.3%|
|Risk Characteristics*||Large Cap Growth||Russell 1000 Growth Index|
|Up Market Capture||100.76||100.00|
|Down Market Capture||143.07||100.00|
|*||Above risk characteristics are based on a 3-year time period|
|Number of Holdings||52|
|Portfolio Turnover||38.25% (as of 03/31/14)|
|Dividend Income Last Quarter||N/A|
|Capital Gain Income Last Quarter||N/A|
|Weighted Average Market Cap ($Mil)||$113,594|
|Benchmark||Russell 1000 Growth Index|
|Morningstar Category||Large Growth|
|Trailing 12-Month Price to Earnings Ratio|
|Price to Book Ratio|
|Historical 5-Year Earnings Growth|
With Northern Trust Since 1997
Began Career in 1993
Greg Newman, Vice President of Northern Trust, a senior portfolio manager and manager of the Northern Trust Large Cap Growth strategy. He is responsible for the oversight and management of over $1 billion of Large Cap Growth equities through a variety of investment vehicles, including Mutual Funds and Separately Managed Accounts, for institutions, individuals, retirement plans and charitable foundations.
Mr. Newman joined Northern Trust in 1997, has been a member of the Large Cap Growth portfolio team since 2007, and has over 20 years of broad experience in financial analysis and investment management.
Mr. Newman graduated magna cum laude from Missouri State University and received an MBA from the Olin School of Business at Washington University in St. Louis. He is an active CFA® charterholder and is a Certified Investment Management Analyst (CIMA®).
Not FDIC insured | May lose value | No bank guarantee
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.
©2014 Northern Funds | Northern Funds are distributed by Northern Funds Distributors, LLC, not affiliated with Northern Trust.