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.
|If you're a growth-oriented investor intrigued by the appreciation potential of technology-driven companies, you may want to explore the opportunities this Sector Fund offers. Our experienced investment team invests more than 25% of the Funds assets in the stock of companies that develop, or sell computers, software or peripheral products that they believe could outperform the market over the next one- to two-year periods. This Fund was designed for those long-term investors who are willing to withstand inevitable short-term market swings and who understand the risks and potential rewards of sector investing.
|If you're a growth-oriented investor intrigued by the appreciation potential of technology-driven companies, you may want to explore the opportunities this Sector Fund offers. It is designed for investors with a long-term time horizon, who are willing to withstand inevitable short-term market swings and who understand the risks and potential rewards of sector investing.|
|YTD Total Return||5.61% (as of 07/30/15)|
|Total Net Assets||$84,390,441 (as of 06/30/15)|
|Month|| ||YTD|| ||3-Year||5-Year|| || Since
|S&P 500 Index||-1.94%||0.28%||1.23%||7.42%||17.31%||17.34%||7.89%||8.22%|
|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.
Northern Trust Investments, Inc. has contractually agreed to reimburse a portion of the operating expenses of the Fund (other than certain excepted expenses, i.e., acquired fund fees and expenses; the compensation paid to each Independent Trustee of the Trust; expenses of third party consultants engaged by the Board of Trustees; membership dues paid to the Investment Company Institute and Mutual Fund Directors Forum; expenses in connection with the negotiation and renewal of the revolving credit facility; and extraordinary expense and interest) to the extent the "Total Annual Fund Operating Expenses" exceed 1.25%. The "Total Annual Fund Operating Expenses After Expense Reimbursement" may be higher than the contractual limitation as a result of the excepted expenses that are not reimbursed. This contractual limitation may not be terminated before July 31, 2016 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‡|
|‡Includes contractual expense reimbursements that, if not extended, will end on July 31, 2016.|
|S&P 500 Index||13.69%||32.39%||16.00%||2.11%||15.06%|
|Morningstar Category Avg. Technology||12.55%||35.45%||13.08%||-7.62%||20.00%|
|Performance quoted represents past performance and does not guarantee future results.|
|Top 10 Holdings||Fund|
|Zimmer Biomet Holdings Inc||5.0%|
|Baxter International Inc||4.3%|
|Red Hat Inc||2.5%|
|Google Inc Class C||2.3%|
|Activision Blizzard Inc||2.3%|
|St. Jude Medical Inc||2.2%|
|% of Portfolio||32.9%|
|Risk Characteristics*||Technology||S&P 500 Index|
|Up Market Capture||97.10||100.00|
|Down Market Capture||105.43||100.00|
|*||Above risk characteristics are based on a 3-year time period|
|Number of Holdings||66|
|Portfolio Turnover||40.39% (as of 03/31/15)|
|Dividend Income Last Quarter||N/A|
|Capital Gain Income Last Quarter||N/A|
|Weighted Average Market Cap ($Mil)||$93,638|
|Benchmark||S&P 500 Index|
|Trailing 12-Month Price-to-Earnings Ratio|
|Historical 5-Year Earnings Growth|
With Northern Trust Since 2003
Began Career in 1985
Deborah L. Koch, Senior Vice President of Northern Trust, co-manages the Northern Technology Fund.
Before joining Northern Trust in 2003, Ms. Koch co-managed the Strong Advisor Technology Fund and Strong Technology 100 Fund. She was previously Managing Director and a member of the global equity group at Scudder Kemper Investments, where she also co-managed the Kemper Technology Fund and was part of the management team for the Scudder Technology Fund. She began her investment career in 1985 at Stein Roe & Farnham.
Ms. Koch received a B.S. in finance from the University of Rhode Island and an MBA from DePaul University. She is an active CFA® charterholder and a member of the CFA Institute and the CFA Society Chicago.
With Northern Trust Since 2011
Began Career in 1997
Sandeep Soorya, Vice President of Northern Trust, is a Senior Equity Analyst and co-manages the Technology Fund.
Prior to joining Northern Trust in 2011, Mr. Soorya was a Senior Analyst at J. Goldman & Co. in New York City where he was responsible for portfolio management of a healthcare dedicated part of the fund. Previous to that, Mr. Soorya worked in Equity Research at Citigroup and was a Senior Analyst at FrontPoint Management, both in New York City. Prior to his MBA, he worked in the Economics Group at PricewaterhouseCoopers in Washington, DC.
Mr. Soorya received a B.A. in economics from George Washington University in Washington, DC and an MBA from Cornell University in Ithaca, New York.
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.