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Equity Active

Large Cap Core (formerly Enhanced Large Cap)

 
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TickerNAV AS OF 10/21/14
NOLCX$14.60 $0.28 Arrow Up Icon
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  • Snapshot
  • Performance
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  • Management
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Snapshot
For those investors who are seeking a low cost, disciplined approach to investing in equities, this may be the fund for you. The Large Cap Core Fund attempts to create a portfolio with similar risk, style, capitalization and industry characteristics as the S&P 500 Index. In managing the Fund, your investment management team attempts to achieve the Fund's objective by overweighting those stocks that it believes will outperform the S&P 500 Index and underweighting those stocks that it believes will under-perform the S&P 500 Index.

Fund Objective
Capital Appreciation
Fund Strategy
  • Use a multi-factor proprietary quantitative stock selection model with the goal of providing additional total return versus the S&P 500® Index.
  • Create a portfolio with risk, style, capitalization and characteristics similar to the S&P 500® Index while potentially providing excess returns by overweighting or underweighting stocks that have the potential to achieve the Fund's objective.
  • Sell securities when they are no longer attractive based upon evaluation criteria, such as valuation, price momentum and earnings quality.
Investor Profile
If you're seeking a low cost, disciplined approach to investing in equities, this fund may be appropriate for you. It seeks long term growth of capital and dividend income and invests primarily in a broadly diversified portfolio of established, large-cap companies. The Fund is intended for use as a core equity investment.
Risk/Reward Potential
”Risk/Reward
Overall Morningstar RatingTM
”Morningstar

Among 1,092 large value funds derived from a weighted average of the fund's 3- and 5-year risk-adjusted returns as of 09/30/14.

Large Cap Core received 4 stars for the 3-year rating among 1,092 large value funds and 5 stars for the 5-year rating among 966 funds. The 10-year Morningstar Rating is not available.

Past performance is no guarantee of future results. Ratings reflect fee waivers in effect; in their absence, ratings may have been lower.

Star ratings are based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a fund’s monthly performance (including the effects of sales charges and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. The overall rating is a weighted average of the 3-, 5-, and 10-year (if applicable) returns. 5 stars = top 10% of funds in an asset category; 4 stars = next 22.5% of funds; 3 stars = next 35%; 2 stars = next 22.5% and 1 star = next 10%. A fund must be in existence three years to be rated. Ratings are subject to change monthly.

©2014 Morningstar, Inc. All Rights Reserved. Morningstar and/or its content providers are the proprietors of this information; do not permit its unauthorized copying or distribution; do not warrant it to be accurate, complete or timely; and are not responsible for damages or losses arising from its use.

Fund Literature

 
Important risk information can be found on the Portfolio tab.
CUSIP665162590
YTD Total Return7.62% (as of 10/21/14)
Inception Date12/16/05
Total Net Assets$30,365,424 (as of 09/30/14)

Total Returns

Total Returns for Quarter Ending 09/30/14
 Annualized
    Month   3-Month     YTD  1-Year  3-Year  5-Year  10-Year Since
Incept.
Large Cap Core-1.45%1.65%9.32%22.17%24.44%16.40%N/A7.14%
S&P 500 Index-1.40%1.13%8.34%19.73%22.99%15.70%N/A7.42%
Morningstar Cat. Avg.
Large Value
-2.17%-0.55%6.38%16.35%21.41%13.69%N/AN/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 0.60%. 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 Core1.24%0.62%
Includes contractual expense reimbursements that, if not extended, will end on July 31, 2015.

Calendar Year Returns

 
       2013      2012      2011      2010      2009
Large Cap Core36.27%14.51%4.13%13.07%26.77%
S&P 500 Index32.39%16.00%2.11%15.06%26.46%
Morningstar Category Avg. Large Value31.21%14.57%-0.75%13.66%24.13%
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 Inc4.2%
Exxon Mobil Corp2.9%
Microsoft Corp2.7%
Johnson & Johnson2.3%
Chevron Corp1.9%
IBM1.7%
Gilead Sciences Inc1.7%
AT&T Inc1.7%
Pfizer Inc1.7%
Intel Corp1.6%
% of Portfolio22.4%
As of 09/30/14
Sector WeightingsFundBenchmark
Information Technology19.8%19.7%
Financials15.7%16.3%
Health Care13.6%13.9%
Consumer Discretionary11.4%11.7%
Industrials10.7%10.3%
Consumer Staples9.9%9.5%
Energy9.7%9.7%
Materials3.9%3.5%
Utilities3.1%3.0%
Telecommunication Services2.2%2.4%
TOTAL100.0%100.0%
As of 09/30/14
Risk Characteristics*Large Cap CoreS&P 500 Index
Beta1.061.00
Up Market Capture107.45100.00
Down Market Capture107.03100.00
Information Ratio0.890.00
*Above risk characteristics are based on a 3-year time period
  
DateHoldings File
As of 09/30/14Insert Icon
As of 06/30/14Insert Icon

Fund Characteristics

Number of Holdings138
Portfolio Turnover95.11% (as of 03/31/14)
Dividend ScheduleQuarterly
Dividend Income Last Quarter$0.0521
Capital Gain Income Last QuarterN/A
Weighted Average Market Cap ($Mil)$138,114
BenchmarkS&P 500 Index
Morningstar CategoryLarge Value
Trailing 12-Month Price to Earnings Ratio
Fund16.07
Benchmark18.35
Price to Book Ratio
Fund2.46
Benchmark2.69
Historical 5-Year Earnings Growth
Fund14.35
Benchmark12.13
Asset Allocation 
Stocks93.8%
Cash6.2%
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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Mark C. Sodergren, CFA<sup>&reg;</sup>

Mark C. Sodergren, CFA®

Portfolio Manager

Northern Large Cap Core Fund (NOLCX)
Northern Large Cap Value Fund (NOLVX)

With Northern Trust Since 2007
Began Career in 1995

Mark C. Sodergren, Senior Vice President of Northern Trust, is head of the quantitative active team responsible for research and implementation of several quantitative equity strategies. He currently manages the Northern Large Cap Core Fund and Northern Large Cap Value Fund.

Before joining Northern Trust in 2007, Mr. Sodergren was a portfolio manager at Barclays Global Investors focused on active U.S. large cap strategies. Prior to this, he spent six years at Citigroup Asset Management as a portfolio manager and researcher focused on both active international and domestic portfolios.

Mr. Sodergren received a B.A. in quantitative economics and decision sciences from the University of California, San Diego and an MBA from the University of Chicago. He is an active CFA® charterholder.

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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.