Please be advised you are now leaving the Northern Financial Intermediary section and being directed to a site maintained by Northern Trust. Please click OK to continue.
Northern Trust Logo
Equity Active

Large Cap Value

TickerNAV AS OF 07/29/15
NOLVX$14.08 $0.13 Arrow Up Icon

Find A Fund

Search go

  • Snapshot
  • Performance
  • Portfolio
  • Management
  • Fund Documents
For those value-oriented investors who enjoy long-term capital appreciation with the relatively lower risk of large, dividend-paying stocks, this Fund may be ideal for you. Our knowledgeable investment team pursues high total returns by buying stocks when they are out-of-favor and undervalued, and then selling them when they have returned to favor and achieved their full value. The Fund takes a traditional, disciplined approach to value investing - uncovering financially strong, high-yielding stocks that are attractively priced and have the potential for future appreciation.
Fund Objective
Capital Appreciation
Fund Strategy
  • Focus on valuation and dividend yield, which is designed to contribute positively to total return and provide a cushion against market volatility.
  • Select stocks based on valuation levels, financial strength and earnings growth potential, identifying a catalyst for potential appreciation, such as a new product line or corporate restructuring.
  • Maintain a strict sell discipline — systematically sell stocks that we believe have achieved their true value.
Investor Profile
If you are a value-oriented investor seeking long-term capital appreciation with the relatively lower risks of large, dividend-paying stocks, this Fund may be ideal for you. With its emphasis on relatively low-priced, high-yielding stocks, it can work in tandem with a growth-oriented fund to create a well-balanced, diversified stock portfolio.
Risk/Reward Potential

Fund Literature

Important risk information can be found on the Portfolio tab.
YTD Total Return1.15% (as of 07/29/15)
Inception Date08/03/00
Total Net Assets$103,004,598 (as of 06/30/15)

Total Returns

Total Returns for Quarter Ending 06/30/15
    Month   3-Month     YTD  1-Year  3-Year  5-Year  10-Year Since
Large Cap Value-2.09%0.36%0.86%6.45%17.33%13.87%5.73%6.20%
Russell 1000 Value Index-2.00%0.11%-0.61%4.13%17.34%16.50%7.05%6.71%
Morningstar Cat. Avg.
Large Value
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 Value1.05%0.86%
Includes contractual expense reimbursements that, if not extended, will end on July 31, 2015.

Calendar Year Returns

       2014      2013      2012      2011      2010
Large Cap Value10.61%35.59%13.85%-8.91%13.43%
Russell 1000 Value Index13.45%32.53%17.51%0.39%15.51%
Morningstar Category Avg. Large Value10.21%31.21%14.57%-0.75%13.66%
Performance quoted represents past performance and does not guarantee future results.
Important risk information can be found on the Portfolio tab.
Portfolio Composition
Top 10 HoldingsFund
Pfizer Inc5.1%
Citigroup Inc4.8%
American International Group Inc4.2%
US Bancorp3.4%
UnitedHealth Group Inc2.5%
Merck & Co Inc2.2%
Johnson & Johnson2.2%
Goldman Sachs Group Inc2.1%
Hewlett-Packard Co2.0%
Chevron Corp1.8%
% of Portfolio30.3%
As of 06/30/15
Sector WeightingsFund   Benchmark
Health Care17.1%11.8%
Information Technology10.6%11.0%
Consumer Discretionary8.6%5.4%
Consumer Staples6.7%6.7%
Telecommunication Services2.5%2.5%
As of 06/30/15
Risk Characteristics*Large Cap ValueRussell 1000 Value Index
Up Market Capture102.74100.00
Down Market Capture107.20100.00
Information Ratio0.000.00
*Above risk characteristics are based on a 3-year time period
DateHoldings File
As of 06/30/15Insert Icon
As of 03/31/15Insert Icon

Fund Characteristics

Number of Holdings136
Portfolio Turnover125.47% (as of 03/31/15)
Dividend ScheduleAnnually
Dividend Income Last QuarterN/A
Capital Gain Income Last QuarterN/A
Weighted Average Market Cap ($Mil)$85,069
BenchmarkRussell 1000 Value Index
Morningstar CategoryLarge Value
Trailing 12-Month Price-to-Earnings Ratio
Price-to-Book Ratio
Historical 5-Year Earnings Growth
Asset Allocation 
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.
Value Risk: Value-based investments are subject to the risk that the broad market may not recognize their intrinsic value.

Russell 1000® Value Index is an unmanaged index measuring the performance of those companies included in the Russell 1000 Index having lower price-to-book ratios and forecasted growth values. It is not possible to invest directly in an index.

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 Equity 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 and member of the Chicago Quantitative Alliance.

CommentaryFact SheetHoldingsSummary ProspectusProspectus    Statement of Additional InformationAnnual ReportSemi Annual Report
CommentaryDownload PDFDownload ExcelDownload PDFDownload PDFDownload PDFDownload PDFDownload PDF
View AllView All View AllView AllView AllView AllView All

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.

©2015 Northern Funds | Northern Funds are distributed by Northern Funds Distributors, LLC, not affiliated with Northern Trust.