x
Your preference has been saved. Remove your saved preference.
You must supply both a username and a password to login.
You must supply a username, password and token to login.
Sign on
Passport secured login icon  
 
Wealth Management
Asset Management
Asset Servicing
Insights & Research
About Northern Trust
Search go
Click to close drop down menu.
 
Click to close drop down menu.
Financial Intermediary
Learn about asset management solutions designed for Retirement Plan Advisors, TAMPs/Outsourcing Providers, Subadvisory Program Sponsors, RIAs/Financial Advisors and Trust Institutions.
Institutional
Learn about asset management solutions including: global index management, active equity and fixed income, target retirement date funds, and manager of manager programs.
Individual
Get answers to your investment challenges with asset management capabilities including alternatives, exchange traded funds, fixed income, mutual funds and tax-advantaged equity.
Click to close drop down menu.
 
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 Index

International Equity Index

 
.
 
 
 
.
TickerNAV AS OF 10/31/14
NOINX$12.07 $0.21 Arrow Up Icon
.

Find A Fund

 
Search go
  • Snapshot
  • Performance
  • Portfolio
  • Management
  • Fund Documents
Snapshot
The International Equity Index Fund is a good choice for those moderate risk investors seeking competitive long-term investment returns through a broadly diversified portfolio. The Fund offers a high degree of relative predictability in an uncertain stock market by seeking investment results, before expenses, approximating the aggregate price and dividend performance of the securities included in the MSCI EAFE Index.
Fund Objective
Seeks to Replicate Index

Fund Strategy
  • Passively managed, the Fund seeks to duplicate the investment composition and overall performance of the stocks included in the MSCI EAFE® Index.
  • The MSCI EAFE® Index consists of 21 developed countries, primarily in Europe and Asia.
  • Use proprietary quantitative techniques designed to minimize trading costs.
Investor Profile
If you're a moderate risk investor seeking competitive long-term investment returns through a broadly diversified portfolio, this Fund may be appropriate for you. It offers a high degree of relative predictability in an uncertain stock market by seeking investment results, before expenses, approximating the aggregate price and dividend performance of the securities included in the MSCI EAFE Index.
Redemption Fee
2% on shares sold or exchanged within 30 days of purchase
Risk/Reward Potential
”Risk/Reward

Fund Literature

 
CUSIP665130209
YTD Total Return-2.19% (as of 10/31/14)
Inception Date03/22/05
Total Net Assets$4,826,676,627 (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.
International Equity Index-3.96%-6.19%-1.70%3.89%13.92%6.28%N/A4.60%
MSCI EAFE Index-3.84%-5.88%-1.38%4.25%13.65%6.56%N/A4.87%
Morningstar Cat. Avg.
Foreign Large Blend
-3.92%-5.62%-2.01%3.75%13.05%6.22%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 0.25%. 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
International Equity Index0.31%0.26%
Includes contractual expense reimbursements that, if not extended, will end on July 31, 2015.

Calendar Year Returns

 
       2013      2012      2011      2010      2009
International Equity Index21.74%18.68%-12.62%7.59%28.99%
MSCI EAFE Index22.78%17.32%-12.14%7.75%31.78%
Morningstar Category Avg. Foreign Large Blend19.44%18.29%-13.97%10.24%31.24%
Performance quoted represents past performance and does not guarantee future results.
.
Portfolio Composition
   
Top 10 HoldingsFund
Nestle SA1.8%
Novartis AG1.7%
Roche Holding Ltd1.6%
HSBC Holdings PLC1.5%
Toyota Motor Corp1.3%
Royal Dutch Petroleum Co1.2%
Total SA1.1%
BP PLC1.1%
Sanofi1.0%
Bayer AG0.9%
% of Portfolio13.2%
As of 09/30/14
Sector WeightingsFundBenchmark
Financials25.7%25.7%
Industrials12.5%12.5%
Consumer Discretionary11.6%11.6%
Health Care11.2%11.2%
Consumer Staples10.9%10.9%
Materials7.7%7.7%
Energy6.9%6.9%
Telecommunication Services4.9%4.9%
Information Technology4.7%4.7%
Utilities3.9%3.9%
TOTAL100.0%100.0%
   
Top 10 Country WeightingsFundBenchmark
United Kingdom21.3%21.3%
Japan21.0%21.0%
France9.9%9.9%
Switzerland9.2%9.2%
Germany8.8%8.8%
Australia7.5%7.5%
Spain3.6%3.6%
Sweden3.1%3.1%
Hong Kong2.9%2.9%
Netherlands2.7%2.7%
TOTAL90.0%90.0%
As of 09/30/14
Risk Characteristics*International Equity IndexMSCI EAFE Index
Beta0.981.00
Up Market Capture101.00100.00
Down Market Capture99.84100.00
Information Ratio0.120.00
*Above risk characteristics are based on a 3-year time period
DateHoldings File
As of 09/30/14Insert Icon
As of 08/31/14Insert Icon
As of 07/31/14Insert Icon
As of 06/30/14Insert Icon
As of 05/31/14Insert Icon
As of 04/30/14Insert Icon

Fund Characteristics

Number of Holdings901
Portfolio Turnover40.72% (as of 03/31/14)
Dividend ScheduleAnnually
Dividend Income Last QuarterN/A
Capital Gain Income Last QuarterN/A
Weighted Average Market Cap ($Mil)$60,851
BenchmarkMSCI EAFE Index
Morningstar CategoryForeign Large Blend
Trailing 12-Month Price-to-Earnings Ratio
Fund15.62
Benchmark15.62
Price-to-Book Ratio
Fund1.64
Benchmark1.64
Historical 5-Year Earnings Growth
Fund6.93
Benchmark6.93
Asset Allocation 
Stocks100.0%
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.
International Risk: International investing involves increased risk and volatility.
Index Fund Risk: The performance of the Fund is expected to be lower than that of the Index because of Fund fees and expenses. It is important to remember that there are risks associated with index investing, including the potential risk of market decline, as well as the risks associated with investing in specific companies.
MSCI EAFE® Index is a free float-adjusted market capitalization index that is designed to measure the equity performance of developed markets, excluding the U.S. and Canada. It is not possible to invest directly in an index.
.
Steven J. Santiccioli

Steven J. Santiccioli

Portfolio Manager

Northern Emerging Markets Equity Index Fund (NOEMX)
Northern International Equity Index Fund (NOINX)

With Northern Trust Since 2003
Began Career in 1993

Steven J. Santiccioli, Vice President of Northern Trust, manages the Northern Emerging Markets Equity Index Fund and Northern International Equity Index Fund.

Prior to joining Northern Trust in 2003, Mr. Santiccioli was a portfolio manager with Deutsche Bank. Prior to his portfolio manager position at Deutsche, he served as the head of the accounting group for international index portfolios.

Mr. Santiccioli received a B.A. from Bucknell University and an MBA from Fordham University.

.
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.

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