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    Northern Institutional Treasury Portfolio

     
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    Ticker
    NITXX
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    • Snapshot
    • Performance
    • Portfolio
    • Management
    • Fund Documents
    Snapshot
    The Portfolio seeks to preserve capital, maintain liquidity and generate current income by investing primarily in money market instruments issued by, or guaranteed by, the U.S. Government and related repurchase agreements.

    Fund Objective
    The Portfolio seeks to maximize current income to the extent consistent with the preservation of capital and maintenance of liquidity by investing exclusively in U.S. Treasury securities by the U.S. government, and related repurchase agreements.
    Updated Daily Unless Otherwise Noted
                                   Shares
    CUSIP665279808
    Inception Date11/5/08
    Amortized Cost NAV$1.00
    Daily Market Value NAV
    (As of 09/12/14)
    $1.0001
    7-Day Current Yield0.01%
    7-Day Effective Yield0.01%
    Total Net Assets
    (As of 09/15/14)
    13,295,016,178
    Total Net Assets
    (As of 08/31/14)
    $12,590,164,579
    Daily Yield0.01%
    Daily Factor0.000000274
       
    Fund Cut Off TimesPurchases: 1:00 p.m. CT
    Redemptions: 1:00 p.m. CT
    Credit RatingAAAm Standard and Poor's
    NAIC Listed

    Total Returns

    Total Returns for Month Ending 08/31/14
     Annualized
        Month   3-Month     YTD  1-Year  3-Year  5-Year  10-Year Since
    Incept.
    Shares0.00%0.00%0.01%0.01%0.02%0.03%N/A0.05%
    imoneyNet Treasury
    & Repo Instl
    0.00%0.00%0.01%0.01%0.01%0.01%N/AN/A

    Total Returns

    Total Returns for Quarter Ending 06/30/14
     Annualized
        Month   3-Month     YTD  1-Year  3-Year  5-Year  10-Year Since
    Incept.
    Shares0.00%0.00%0.01%0.01%0.02%0.03%N/A0.05%
    imoneyNet Treasury
    & Repo Instl
    0.00%0.00%0.00%0.01%0.01%0.01%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.
    Northern Trust Investments, Inc. has contractually agreed to limit the management fees charged to the Portfolio to 0.10% of the Portfolio’s average daily net assets and to reimburse certain expenses of the Portfolio (including the administration fee, but excluding the investment advisory fee and transfer agency fee, servicing fees, extraordinary expenses such as taxes, interest, and indemnification expenses, 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 Northern Institutional Funds and membership dues paid to the Investment Company Institute and Mutual Fund Directors Forum) to the extent the Portfolio's "Other Expenses" exceed 0.20%. These contractual limitations may not be terminated before April 1, 2016 without the approval of the Board of Trustees. Northern Trust Investments, Inc. serves as the investment adviser and administrator to the Portfolio. The Northern Trust Company, an affiliate of Northern Trust Investments, Inc., serves as transfer agent, custodian and subadministrator to the Portfolio. In the absence of these reimbursements, 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. The 7-day current yield more closely reflects the current earnings of the Portfolio than the total returns. The Portfolio also includes voluntary expense reimbursements to prevent a negative yield that may change or end at any time. Without the voluntary expense reimbursements, the 7-day current yield would have been -0.13% as of August 31, 2014. Northern Trust Investments, Inc. serves as the investment adviser and administrator to the Portfolio. The Northern Trust Company, an affiliate of Northern Trust Investments, Inc., serves as transfer agent, custodian and sub-administrator to the Portfolio.

    NAV Information: Market Value NAV is calculated using current market quotations, or an appropriate substitute, to value a portfolio and may be reported up to one business day in arrears. This NAV is calculated to four decimal places and is not currently being used for transacting purchase and sale activity. All purchase and sale activity is being transacted at the Amortized Cost NAV of $1.00.

    Annual Expense Ratios

     
     Gross Expense RatioNet Expense Ratio
    Treasury0.22%0.15%
    Includes contractual expense reimbursements that, if not extended, will end on April 1, 2016. The Northern Institutional Treasury Portfolio also includes voluntary fee waivers that may change or end at any time. Unaudited as of August 31, 2014.
    Credit ratings are subject to change at any time. Money market funds rated Aaa-mf by Moody's are judged to have a very strong ability to meet the dual objectives of providing liquidity and preserving capital. Ratings are based on an evaluation of several factors including: objective measures to assess portfolio credit quality as well as market and liquidity risks in stress scenarios, sponsor quality, the fund’s management, and legal factors. This fund is on the National Association of Insurance Commissioners list of Class 1 money market mutual funds. Inclusion on the NAIC list is the result of an accounting measure involving the fund’s underlying investments, and does not constitute an assessment of quality. The NAIC listing does not represent an endorsement or recommendation of the overall fund.

    For more information about the ratings provided by Moody's and Standard and Poor's, please visit their websites at www.moodys.com and www.standardandpoors.com, respectively.

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    Portfolio Composition
    As of 08/31/14
    Weighted Average MaturityWeighted Average Life
    17 DAYS109 DAYS
    Weighted Average Maturity: The weighted average maturity (WAM) of a money market portfolio is the asset-weighted days until maturity of each security in the portfolio. The days until maturity for WAM are calculated using the lower of the stated maturity date or next interest rate reset date.
    Weighted Average Life: The weighted average life (WAL) of a money market portfolio is the asset-weighted days until maturity of each security in the portfolio. The days to maturity for WAL are calculated using the lower of the stated maturity date or demand feature date.
      
    DateHoldings File
    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
    As of 03/31/14Insert Icon

    Fund Characteristics

    Number of Holdings32
    Dividend ScheduleMonthly
    Shares Income*$0.0000
    *Reinvestment date of August 29. The amount shown represents dividends paid from fund net investment income and excludes distributions from capital gain income.
       
    Security Distribution      
    Repurchase Agreements61.1%
    Discount Note/Treasury Bill14.1%
    Fixed Rate Note/Bond9.2%
    Variable Rate Note/Bond15.6%
    TOTAL100.0%
    As of 08/31/14
    Maturity Distribution 
    Overnight72.7%
    2 - 15 Days3.0%
    16 - 30 Days5.4%
    31 - 60 Days7.6%
    61 - 97 Days5.1%
    98 - 180 Days4.0%
    181 - 270 Days2.2%
    TOTAL100.0%
    Quality Distribution 
    Tier 1100.0%
    TOTAL100.0%
    Sector Distribution 
    Broker/Dealer61.1%
    U.S. Treasury38.9%
    TOTAL100.0%
    All data is as of date indicated and subject to change.
    U.S. Government Guarantee: U.S. government guarantees apply only to the underlying securities of a Fund’s portfolio and not the Fund’s shares.
    iMoneyNet Fund AverageTM - Treasury & Repo Institutional category includes only institutional government funds that hold U.S. Treasuries and repurchase agreements backed by the U.S. Treasury. It is not possible to invest directly in an index.
    Quality Distribution: A security is classified as Tier 1 when two or more of the three nationally recognized statistical rating agencies have assigned a rating in their top short-term ratings category (A1+ and A1 for Standard & Poor's, P1 for Moody's and F1+ and F1 for Fitch). A security is classified as Tier 2 when two or more of the ratings assigned to that security are below the top short-term ratings from the agencies (this would include ratings of A2 for Standard & Poor's, P2 for Moody's and F2 for Fitch). If a security has only two short-term ratings available, the lower rating is used to define the Tier; i.e. a split rating of A1/P2 is considered Tier 2. If only one short-term rating is available for a security, the Tier is determined by that one agency. A security is classified as Tier 3 if it does not meet the definition of Tier 1 or Tier 2, has two or more ratings below A2, P2, or F2 or if the security does not have a short-term rating.
    Distribution Calculations: (Security Distribution, Quality Distribution, Maturity Distribution and Sector Distribution) are measured on a trade date basis and exclude uninvested cash from the market value used to compute the percentage calculations.
    Maturity Distribution: The data is measured using the lower of the stated maturity date or next interest rate reset date.
    .
    Bilal Memon

    Bilal Memon

    Portfolio Manager

    Northern Institutional Treasury Portfolio (NITXX)

    With Northern Trust Since 2007
    Began Career in 2004

    Bilal Memon, Vice President of Northern Trust, and a member of the Short Duration Fixed Income Group within the Northern Trust Global Investments business unit.

    Prior to joining Northern Trust in 2007, Mr. Memon was with Ford Motor Company for three years. He joined them as the Associate Director of Pension Asset Management, became a Fixed Income Portfolio Manager in 2005, and finally became part of the Treasury Staff in 2006.

    Mr. Memon received a B.A. in Economics from The University of Chicago and an MBA degree in Analytical Finance and Marketing Management from The University of Chicago Graduate School of Business.

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    Not FDIC insured | May lose value | No bank guarantee
    An investment in the Money Market Funds is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other governmental agency. Although the Funds seek to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in the Funds.

    Please carefully read the prospectus and summary prospectus and consider the investment objectives, risks, charges and expenses of Northern Institutional Funds before investing. Call 800-637-1380 to obtain a prospectus and summary prospectus, which contains this and other information about the funds.

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