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|For those moderate-risk investors seeking a competitive long-term investment return 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 S&P 500 Stock Index. Our experienced investment team does not use traditional methods of investment management of the Fund, rather the team will buy and sell securities in response to the S&P 500 Stock Index.
|Seeks to Replicate Index|
|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 S&P 500 Stock Index.|
|Overall Morningstar RatingTM|
Among 1,392 large blend funds derived from a weighted average of the fund's 3-, 5- and 10-year risk-adjusted returns as of 9/30/16.
Stock Index received 5 stars for the 3-year rating among 1,392 large blend funds, 4 stars for the 5-year rating among 1,210 funds and 4 stars for the 10-year rating among 911 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.
©2016 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||6.52% (as of 10/21/16)|
|Total Net Assets||$7,104,037,791 (as of September 30, 2016)|
|Month|| ||YTD|| ||3-Year||5-Year|| || Since
|S&P 500 Index||0.02%||3.85%||7.84%||15.43%||11.16%||16.37%||7.24%||7.91%|
|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 0.10%. 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, 2017 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, 2017.|
|S&P 500 Index||1.38%||13.69%||32.39%||16.00%||2.11%|
|Morningstar Category Avg. Large Blend||-1.07%||10.96%||31.50%||14.96%||-1.27%|
|Performance quoted represents past performance and does not guarantee future results.|
|Top 10 Holdings||Fund|
|Exxon Mobil Corp||1.9%|
|Johnson & Johnson||1.7%|
|General Electric Co||1.5%|
|Berkshire Hathaway Inc Class B||1.5%|
|JP Morgan Chase & Co||1.3%|
|% of Portfolio||17.8%|
|Risk Characteristics*||Stock Index||S&P 500 Index|
|Up Market Capture||99.54||100.00|
|Down Market Capture||100.23||100.00|
|*||Above risk characteristics are based on a 3-year time period|
|Number of Holdings||505|
|Portfolio Turnover||5.46% (as of 03/31/16)|
|Dividend Income Last Quarter||$0.1174|
|Capital Gain Income Last Quarter||N/A|
|Weighted Average Market Cap ($Mil)||$145,203|
|Benchmark||S&P 500 Index|
|Morningstar Category||Large Blend|
|Trailing 12-Month Price-to-Earnings Ratio|
|Historical 5-Year Earnings Growth|
With Northern Trust Since 1993
Began Career in 1993
Brent Reeder, Senior Vice President, is Director of U.S. Index Equities at Northern Trust. Mr. Reeder is responsible for equity index portfolio management in the United States. Prior to Director of U.S. Index Equities, he was a senior portfolio manager on the U.S. equity team. Mr. Reeder manages the Northern Mid Cap Index Fund, Northern Small Cap Index Fund and Northern Stock Index Fund.
Prior to his current role, Mr. Reeder's responsibilities included foundations and endowments team leader in the trust operations division at Northern Trust.
Mr. Reeder received a B.A. in economics from DePauw University, and an MBA in finance from DePaul University. He is an Associated Person with the National Futures Association.
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.
©2016 Northern Funds | Northern Funds are distributed by Northern Funds Distributors, LLC, not affiliated with Northern Trust.