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|The Northern Small Cap Value Fund is a good choice for those aggressive investors looking for the value potential offered by the stocks of small companies - those that the adviser believes are worth more than is indicated by current market prices. It is intended for equity investors with an above-average tolerance for volatility who want to diversify their investments and plan to invest for the long term without concern for current income.
If you're a more aggressive investor looking for the value potential offered by the stocks of smaller companies — those the adviser believes are worth more than is indicated by current market prices — this Fund may be right for you. It is intended for equity investors with an above-average tolerance for volatility who want to diversify their investments and plan to invest for the long term without concern for current income.
|Overall Morningstar RatingTM|
Among 352 small value funds derived from a weighted average of the fund's 3-, 5- and 10-year risk-adjusted returns as of 12/31/14.
Small Cap Value received 3 stars for the 3-year rating among 352 small value funds, 4 stars for the 5-year rating among 281 funds and 4 stars for the 10-year rating among 194 funds.
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.
©2015 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.
|YTD Total Return||-1.61% (as of 01/29/15)|
|Total Net Assets||$2,792,872,419 (as of 12/31/14)|
|Month|| ||YTD|| ||3-Year||5-Year|| || Since
|Small Cap Value||2.82%||10.80%||7.07%||7.07%||18.46%||15.54%||8.22%||10.48%|
|Russell 2000 Value Index||2.73%||9.40%||4.22%||4.22%||18.29%||14.26%||6.89%||10.52%|
|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 1.00%. 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‡|
|Small Cap Value||1.26%||1.01%|
|‡Includes contractual expense reimbursements that, if not extended, will end on July 31, 2015.|
|Small Cap Value||7.07%||36.44%||13.78%||-0.60%||24.61%|
|Russell 2000 Value Index||4.22%||34.52%||18.05%||-5.50%||24.50%|
|Morningstar Category Avg. Small Value||3.34%||36.22%||16.00%||-4.45%||26.17%|
|Performance quoted represents past performance and does not guarantee future results.|
|Top 10 Holdings||Fund|
|JetBlue Airways Corp||1.0%|
|LaSalle Hotel Properties||0.9%|
|Southwest Gas Corp||0.7%|
|RLJ Lodging Trust||0.7%|
|Esterline Technologies Corp||0.7%|
|MKS Instruments Inc||0.7%|
|Medical Properties Trust Inc||0.7%|
|% of Portfolio||7.7%|
|Risk Characteristics*||Small Cap Value||Russell 2000 Value Index|
|Up Market Capture||100.21||100.00|
|Down Market Capture||99.33||100.00|
|*||Above risk characteristics are based on a 3-year time period|
|Number of Holdings||507|
|Portfolio Turnover||20.70% (as of 03/31/14)|
|Dividend Income Last Quarter||$0.1932|
|Capital Gain Income Last Quarter||$0.9300|
|Weighted Average Market Cap ($Mil)||$2,096|
|Benchmark||Russell 2000 Value Index|
|Morningstar Category||Small Value|
|Trailing 12-Month Price-to-Earnings Ratio|
|Historical 5-Year Earnings Growth|
With Northern Trust Since 1997
Began Career in 1995
Robert H. Bergson, Senior Vice President of Northern Trust, is a senior portfolio manager and researcher for Northern Trust's Quantitative Active Equity Team. He is responsible for research and implementation of several quantitative equity strategies representing more than $2.5 billion in small cap assets. He manages the Northern Small Cap Core Fund and Northern Small Cap Value Fund.
Prior to joining Northern Trust in 1997, Mr. Bergson served as Director of Investment Research for Real Estate Research Corporation, a real estate consulting and research firm.
Mr. Bergson received a B. Arch. from Carnegie Mellon University and an M.S. in real estate development from the Massachusetts Institute of Technology. He is an active CFA® charterholder, and a member of the CFA Institute, the Society of Quantitative Analysts, the CFA Society Chicago and the Chicago Quantitative Alliance.
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.
©2015 Northern Funds | Northern Funds are distributed by Northern Funds Distributors, LLC, not affiliated with Northern Trust.