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|For those value-oriented investors who enjoy long-term capital appreciation with the relatively lower risk of large, dividend-paying stocks, this Fund may be ideal for you. Our knowledgeable investment team pursues high total returns by buying stocks when they are out-of-favor and undervalued, and then selling them when they have returned to favor and achieved their full value. The Fund takes a traditional, disciplined approach to value investing - uncovering financially strong, high-yielding stocks that are attractively priced and have the potential for future appreciation.
|If you are a value-oriented investor seeking long-term capital appreciation with the relatively lower risks of large, dividend-paying stocks, this Fund may be ideal for you. With its emphasis on relatively low-priced, high-yielding stocks, it can work in tandem with a growth-oriented fund to create a well-balanced, diversified stock portfolio.|
|YTD Total Return||5.98% (as of 07/27/16)|
|Total Net Assets||$87,885,609 (as of 06/30/16)|
|Month|| ||YTD|| ||3-Year||5-Year|| || Since
|Large Cap Value||-0.82%||2.39%||3.03%||-3.96%||7.23%||8.48%||4.39%||5.53%|
|Russell 1000 Value Index||0.86%||4.58%||6.30%||2.86%||9.87%||11.35%||6.13%||6.47%|
|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 0.85%. 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‡|
|Large Cap Value||1.11%||0.55%|
|‡Includes contractual expense reimbursements that, if not extended, will end on July 31, 2016.|
|Large Cap Value||-5.98%||10.61%||35.59%||13.85%||-8.91%|
|Russell 1000 Value Index||-3.83%||13.45%||32.53%||17.51%||0.39%|
|Morningstar Category Avg. Large Value||-4.05%||10.21%||31.21%||14.57%||-0.75%|
|Performance quoted represents past performance and does not guarantee future results.|
|Top 10 Holdings||Fund|
|Wal-Mart Stores Inc||3.6%|
|General Electric Co||3.0%|
|American International Group Inc||3.0%|
|Johnson & Johnson||2.9%|
|Merck & Co Inc||2.4%|
|Duke Energy Corp||1.9%|
|% of Portfolio||30.3%|
|Risk Characteristics*||Large Cap Value||Russell 1000 Value Index|
|Up Market Capture||94.40||100.00|
|Down Market Capture||109.67||100.00|
|*||Above risk characteristics are based on a 3-year time period|
|Number of Holdings||131|
|Portfolio Turnover||60.22% (as of 03/31/16)|
|Dividend Income Last Quarter||N/A|
|Capital Gain Income Last Quarter||N/A|
|Weighted Average Market Cap ($Mil)||$88,868|
|Benchmark||Russell 1000 Value Index|
|Morningstar Category||Large Value|
|Trailing 12-Month Price-to-Earnings Ratio|
|Historical 5-Year Earnings Growth|
Russell 1000® Value Index is an unmanaged index measuring the performance of those companies included in the Russell 1000 Index having lower price-to-book ratios and forecasted growth values. It is not possible to invest directly in an index.
With Northern Trust Since 2007
Began Career in 2002
Sridhar Kancharla, Vice President of Northern Trust, is a Senior Portfolio Manager and Researcher in the Quantitative Active Equity Team. He is responsible for research and implementation of several large/small cap quantitative equity strategies. Currently, he is a co-manager of the Large Cap Value fund.
Prior to joining Northern Trust in 2007, Mr. Kancharla was a senior software engineer at Grossman & Associates responsible for developing industry leading commodity management and accounting software deployed at multi-billion dollar grain companies throughout North America.
Mr. Kancharla received a B.S. in computer science and mathematics from the University of Illinois at Urbana-Champaign. He is an active CFA® charterholder, a member of the CFA Institute and the CFA Society Chicago.
With Northern Trust Since 2007
Began Career in 1995
Mark C. Sodergren, Senior Vice President of Northern Trust, is Head of the Quantitative Active Equity team responsible for research and implementation of several quantitative equity strategies. He currently manages the Northern Large Cap Core Fund and Northern Large Cap Value Fund.
Before joining Northern Trust in 2007, Mr. Sodergren was a portfolio manager at Barclays Global Investors focused on active U.S. large cap strategies. Prior to this, he spent six years at Citigroup Asset Management as a portfolio manager and researcher focused on both active international and domestic portfolios.
Mr. Sodergren received a B.A. in quantitative economics and decision sciences from the University of California, San Diego and an MBA from the University of Chicago. He is an active CFA® charterholder and member of the Chicago Quantitative Alliance.
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.
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