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Equity Active

Large Cap Growth

 
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TickerNAV AS OF 09/15/14
NOEQX$33.22 $-0.30 Arrow Down Icon
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  • Snapshot
  • Performance
  • Portfolio
  • Management
  • Fund Documents
Snapshot
If you fit the profile of a more aggressive investor able to accept greater volatility in exchange for higher potential return than is offered by the Large Cap Growth Fund, you will want to consider this Fund as a core holding for your portfolio. In an attempt to achieve its investment objective, the Fund may occasionally emphasize particular companies or market segments, such as technology. Many of the companies in which the Fund invests retain earnings to finance current and future growth. Investors should expect low to no dividends.
Fund Objective
Capital Appreciation
Fund Strategy
  • Combine top-down, theme-driven approach with bottom-up fundamental stock selection to construct a portfolio of primarily large-cap growth stocks.
  • Select stocks with emphasis on growth potential, quality of earnings and management experience.
  • Seek to provide long-term capital appreciation for investors looking to participate in longer-term investment themes, which may contribute to increased volatility.
Investor Profile
If you fit the profile of a more aggressive investor able to accept greater volatility in exchange for higher potential return than is offered by the Large Cap Equity Fund, you will want to consider this Fund as a core holding for your portfolio. Because companies with these characteristics often retain their earnings, investors should expect low to no dividends.
Risk/Reward Potential
”Risk/Reward

Fund Literature

 
Important risk information can be found on the Portfolio tab.
CUSIP665162301
YTD Total Return3.20% (as of 09/15/14)
Inception Date04/06/94
Total Net Assets$105,909,750 (as of 08/31/14)

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.
Large Cap Growth5.13%6.19%5.59%22.78%16.43%15.88%7.49%8.67%
Russell 1000 Growth Index4.58%4.99%9.48%26.29%19.95%17.82%9.20%9.06%
Morningstar Cat. Avg.
Large Growth
4.21%5.14%7.41%24.43%18.56%16.10%8.75%N/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.
Large Cap Growth2.53%3.99%1.96%23.36%11.89%16.93%6.37%8.56%
Russell 1000 Growth Index1.95%5.13%6.31%26.92%16.26%19.24%8.20%8.98%
Morningstar Cat. Avg.
Large Growth
2.46%4.18%4.68%26.22%14.42%17.64%7.77%N/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 0.85%. 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
Large Cap Growth0.96%0.85%
Includes contractual expense reimbursements that, if not extended, will end on July 31, 2015.

Calendar Year Returns

 
       2013      2012      2011      2010      2009
Large Cap Growth31.77%15.02%-0.51%15.19%28.61%
Russell 1000 Growth Index33.48%15.26%2.64%16.71%37.21%
Morningstar Category Avg. Large Growth33.92%15.34%-2.46%15.53%35.68%
Performance quoted represents past performance and does not guarantee future results.
Important risk information can be found on the Portfolio tab.
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Portfolio Composition
   
Top 10 HoldingsFund
Apple Inc7.5%
Priceline Group Inc3.3%
Google Inc Class C3.1%
Gilead Sciences Inc3.0%
MasterCard Inc3.0%
Celgene Corp3.0%
Facebook Inc2.7%
Schlumberger NV2.6%
Google Inc2.6%
Biogen Idec Inc2.6%
% of Portfolio33.4%
As of 07/31/14
Sector WeightingsFundBenchmark
Information Technology31.0%28.3%
Consumer Discretionary20.4%18.3%
Health Care17.7%13.2%
Industrials12.4%12.0%
Energy5.9%6.1%
Financials5.8%5.2%
Consumer Staples4.5%10.2%
Materials2.3%4.2%
Telecommunication Services0.0%2.4%
Utilities0.0%0.1%
TOTAL100.0%100.0%
As of 07/31/14
Risk Characteristics*Large Cap GrowthRussell 1000 Growth Index
Beta1.131.00
Up Market Capture99.97100.00
Down Market Capture129.25100.00
Information Ratio–1.240.00
*Above risk characteristics are based on a 3-year time period
   
DateHoldings File
As of 06/30/14Insert Icon
As of 03/31/14Insert Icon

Fund Characteristics

Number of Holdings53
Portfolio Turnover38.25% (as of 03/31/14)
Dividend ScheduleAnnually
Dividend Income Last QuarterN/A
Capital Gain Income Last QuarterN/A
Weighted Average Market Cap ($Mil)$107,421
BenchmarkRussell 1000 Growth Index
Morningstar CategoryLarge Growth
Trailing 12-Month Price to Earnings Ratio
Fund23.72
Benchmark21.24
Price to Book Ratio
Fund4.79
Benchmark4.97
Historical 5-Year Earnings Growth
Fund23.07
Benchmark15.96
Asset Allocation 
Stocks97.6%
Cash2.4%
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.
Russell 1000® Growth Index is an unmanaged index measuring the performance of those Russell 1000 Index companies with higher price-to-book ratios and higher forecasted growth values. It is not possible to invest directly in an index.
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Greg M. Newman, CFA<sup>&reg;</sup>, CIMA<sup>&reg;</sup>

Greg M. Newman, CFA®, CIMA®

Portfolio Manager

Northern Large Cap Growth Fund (NOEQX)

With Northern Trust Since 1997
Began Career in 1993

Greg Newman, Vice President of Northern Trust, a senior portfolio manager and manager of the Northern Trust Large Cap Growth strategy. He is responsible for the oversight and management of over $1 billion of Large Cap Growth equities through a variety of investment vehicles, including Mutual Funds and Separately Managed Accounts, for institutions, individuals, retirement plans and charitable foundations.

Mr. Newman joined Northern Trust in 1997, has been a member of the Large Cap Growth portfolio team since 2007, and has over 20 years of broad experience in financial analysis and investment management.

Mr. Newman graduated magna cum laude from Missouri State University and received an MBA from the Olin School of Business at Washington University in St. Louis. He is an active CFA® charterholder and is a Certified Investment Management Analyst (CIMA®).

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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.