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Equity Active

Large Cap Equity

 
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TickerNAV AS OF 09/19/14
NOGEX$21.53 $-0.07 Arrow Down Icon
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  • Snapshot
  • Performance
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Snapshot
For those investors who are a growth-oriented, moderate-risk taker, this may be the Fund for you. Using fundamental research and quantitative analysis, the investment team buys securities of a broad mix of companies that it believes have favorable characteristics relative to their peers. The companies generally have market capitalizations in excess of $1 billion and the Fund seeks to provide long-term capital appreciation.

Fund Objective
Capital Appreciation
Fund Strategy
  • Combine forward looking fundamental stock analysis and intelligent portfolio construction with the goal of providing consistent returns over time.
  • Actively manage risk levels to be commensurate with performance objectives and avoid unintended risks.
  • Maintain a core-style fund that invests primarily in large-cap stocks with some mid-cap exposure.
Investor Profile
If you are a growth-oriented, moderate-risk investor looking for long-term capital appreciation without concern for current income, you will want to consider this fund as a core holding for your portfolio.
Risk/Reward Potential
”Risk/Reward

Fund Literature

 
Important risk information can be found on the Portfolio tab.
CUSIP665162103
YTD Total Return8.06% (as of 09/19/14)
Inception Date04/01/94
Total Net Assets$151,219,312 (as of 08/31/14)

Total Returns

Total Returns for Month Ending 08/31/14
 Annualized
    Month   3-Month     YTD  1-Year  3-Year  5-Year  10-Year Since
Incept.
Large Cap Equity4.42%5.12%7.91%22.78%20.25%15.24%7.80%8.14%
S&P 500 Index4.00%4.69%9.89%25.25%20.61%16.88%8.38%9.73%
Morningstar Cat. Avg.
Large Blend
3.69%4.10%8.46%23.27%19.07%15.43%7.89%N/A

Total Returns

Total Returns for Quarter Ending 06/30/14
 Annualized
    Month   3-Month     YTD  1-Year  3-Year  5-Year  10-Year Since
Incept.
Large Cap Equity2.04%4.23%4.74%22.72%15.06%17.47%6.97%8.05%
S&P 500 Index2.07%5.23%7.14%24.61%16.58%18.83%7.78%9.68%
Morningstar Cat. Avg.
Large Blend
2.14%4.63%6.39%23.65%14.86%17.47%7.32%N/A
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.

Annual Expense Ratios

 
 Gross Expense RatioNet Expense Ratio
Large Cap Equity0.95%0.85%
Includes contractual expense reimbursements that, if not extended, will end on July 31, 2015.

Calendar Year Returns

 
       2013      2012      2011      2010      2009
Large Cap Equity29.53%19.63%-2.23%15.15%31.70%
S&P 500 Index32.39%16.00%2.11%15.06%26.46%
Morningstar Category Avg. Large Blend31.50%14.96%-1.27%14.01%28.17%
Performance quoted represents past performance and does not guarantee future results.
Important risk information can be found on the Portfolio tab.
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Portfolio Composition
   
Top 10 HoldingsFund
Apple Inc4.9%
JP Morgan Chase & Co4.0%
Citigroup Inc3.3%
Wells Fargo & Co3.1%
General Electric Co2.8%
CVS Caremark Corp2.4%
Cisco Systems Inc2.3%
Express Scripts Holding Co2.1%
Qualcomm Inc2.1%
Schlumberger NV2.1%
% of Portfolio29.1%
As of 07/31/14
Sector WeightingsFundBenchmark
Information Technology19.8%19.5%
Financials18.9%16.1%
Health Care16.1%13.5%
Consumer Discretionary13.9%11.8%
Energy11.1%10.6%
Industrials8.9%10.2%
Consumer Staples7.1%9.3%
Utilities2.6%3.0%
Materials1.6%3.5%
Telecommunication Services0.0%2.5%
TOTAL100.0%100.0%
As of 07/31/14
Risk Characteristics*Large Cap EquityS&P 500 Index
Beta1.101.00
Up Market Capture102.13100.00
Down Market Capture113.01100.00
Information Ratio–0.500.00
*Above risk characteristics are based on a 3-year time period
   
DateHoldings File
As of 06/30/14Insert Icon
As of 03/31/14Insert Icon

Fund Characteristics

Number of Holdings62
Portfolio Turnover32.52% (as of 03/31/14)
Dividend ScheduleQuarterly
Dividend Income Last Quarter$0.0484
Capital Gain Income Last QuarterN/A
Weighted Average Market Cap ($Mil)$127,196
BenchmarkS&P 500 Index
Morningstar CategoryLarge Blend
Trailing 12-Month Price to Earnings Ratio
Fund18.23
Benchmark17.99
Price to Book Ratio
Fund2.09
Benchmark2.63
Historical 5-Year Earnings Growth
Fund13.06
Benchmark12.04
Asset Allocation 
Stocks99.2%
Cash0.8%
TOTAL100.0%
Equity Risk: Equity securities (stocks) are more volatile and carry more risk than other forms of investments, including investments in high-grade fixed income securities. The net asset value per share of this Fund will fluctuate as the value of the securities in the portfolio changes.
S&P 500® Index is an unmanaged index consisting of 500 stocks and is a widely recognized common measure of the performance of the overall U.S. stock market. It is not possible to invest directly in an index.
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Thomas Wooden, CFA<sup>&reg;</sup>

Thomas Wooden, CFA®

Portfolio Manager

Northern Large Cap Equity Fund (NOGEX)

With Northern Trust Since 2014
Began Career in 1999

Thomas Wooden, Senior Vice President of Northern Trust, and lead portfolio manager for the Large Cap Core portfolio. He currently co-manages the Large Cap Equity Fund.

Prior to joining Northern Trust in 2014, Mr. Wooden was a portfolio manager at Wells Capital Management, LLC, where he managed the Wells Fargo Core Equities strategies. Prior to this, he was a portfolio manager with Artisan Partners, LLC, where he served as an associate portfolio manager for the mid cap growth strategy and covered the technology and telecommunications, consumer, financials, and industrial industries as an analyst.

Mr. Wooden completed a successful career in the United States Air Force as an F-15 instructor pilot and retired as a Lieutenant Colonel. He received a B.A. in business management from the United States Air Force Academy in Colorado Springs, Colorado. He is an active CFA® charterholder.

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Christopher Shipley

Christopher Shipley

Portfolio Manager

Northern Large Cap Equity Fund (NOGEX)

With Northern Trust Since 2000
Began Career in 1997

Christopher Shipley, Senior Vice President, is Director of Equity Research for Northern Trust. Mr. Shipley is co-manager of the Northern Large Cap Equity Fund.

Prior to joining Northern Trust in 2000, Mr. Shipley was an investment associate in the Equity Investment division at Allstate Insurance Company, Northbrook Illinois.

Mr. Shipley received a B.S. in finance from Northern Illinois University.

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Not FDIC insured | May lose value | No bank guarantee

View investment term 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.

©2014 Northern Funds | Northern Funds are distributed by Northern Funds Distributors, LLC, not affiliated with Northern Trust.