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Equity Active

Large Cap Value

 
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TickerNAV AS OF 11/24/14
NOLVX$14.24 $0.01 Arrow Up Icon
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  • Snapshot
  • Performance
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Snapshot
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.
Fund Objective
Capital Appreciation
Fund Strategy
  • Focus on valuation and dividend yield, which is designed to contribute positively to total return and provide a cushion against market volatility.
  • Select stocks based on valuation levels, financial strength and earnings growth potential, identifying a catalyst for potential appreciation, such as a new product line or corporate restructuring.
  • Maintain a strict sell discipline — systematically sell stocks that we believe have achieved their true value.
Investor Profile
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.
Risk/Reward Potential
”Risk/Reward

Fund Literature

 
Important risk information can be found on the Portfolio tab.
CUSIP665162632
YTD Total Return10.30% (as of 11/24/14)
Inception Date08/03/00
Total Net Assets$108,115,268 (as of 10/31/14)

Total Returns

Total Returns for Month Ending 10/31/14
 Annualized
    Month   3-Month     YTD  1-Year  3-Year  5-Year  10-Year Since
Incept.
Large Cap Value2.58%4.74%7.90%13.83%19.11%13.18%6.08%6.25%
Russell 1000 Value Index2.25%3.82%10.50%16.46%20.42%16.49%7.90%6.88%
Morningstar Cat. Avg.
Large Value
1.60%2.93%8.06%13.60%17.90%14.53%7.23%N/A

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.
Large Cap Value-1.88%0.37%5.19%16.48%22.90%12.13%5.72%6.09%
Russell 1000 Value Index-2.06%-0.19%8.07%18.89%23.93%15.26%7.84%6.76%
Morningstar Cat. Avg.
Large Value
-2.17%-0.55%6.38%16.35%21.41%13.69%7.19%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 Value1.05%0.86%
Includes contractual expense reimbursements that, if not extended, will end on July 31, 2015.

Calendar Year Returns

 
       2013      2012      2011      2010      2009
Large Cap Value35.59%13.85%-8.91%13.43%25.42%
Russell 1000 Value Index32.53%17.51%0.39%15.51%19.69%
Morningstar Category Avg. Large Value31.21%14.57%-0.75%13.66%24.13%
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
Exxon Mobil Corp6.4%
Bank of America Corp5.0%
Citigroup Inc4.8%
AT&T Inc3.9%
Pfizer Inc3.8%
Chevron Corp2.2%
UnitedHealth Group Inc1.8%
Travelers Companies Inc1.7%
General Electric Co1.5%
American International Group Inc1.5%
% of Portfolio32.6%
As of 10/31/14
Sector WeightingsFundBenchmark
Financials26.8%29.5%
Energy13.9%12.2%
Health Care13.5%13.7%
Industrials11.2%10.3%
Information Technology8.0%9.2%
Consumer Staples7.7%7.1%
Consumer Discretionary6.6%6.2%
Utilities4.2%6.4%
Materials4.1%3.2%
Telecommunication Services4.0%2.2%
TOTAL100.0%100.0%
As of 10/31/14
Risk Characteristics*Large Cap ValueRussell 1000 Value Index
Beta1.091.00
Up Market Capture100.89100.00
Down Market Capture116.82100.00
Information Ratio–0.470.00
*Above risk characteristics are based on a 3-year time period
   
DateHoldings File
As of 3/31/14Insert Icon
As of 06/30/14Insert Icon

Fund Characteristics

Number of Holdings198
Portfolio Turnover23.90% (as of 03/31/14)
Dividend ScheduleAnnually
Dividend Income Last QuarterN/A
Capital Gain Income Last QuarterN/A
Weighted Average Market Cap ($Mil)$100,678
BenchmarkRussell 1000 Value Index
Morningstar CategoryLarge Value
Trailing 12-Month Price-to-Earnings Ratio
Fund15.07
Benchmark16.28
Price-to-Book Ratio
Fund1.70
Benchmark1.83
Historical 5-Year Earnings Growth
Fund7.96
Benchmark8.84
Asset Allocation 
Stocks99.7%
Cash0.3%
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.
Value Risk: Value-based investments are subject to the risk that the broad market may not recognize their intrinsic value.

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.

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Mark C. Sodergren, CFA<sup>&reg;</sup>

Mark C. Sodergren, CFA®

Portfolio Manager

Northern Large Cap Core Fund (NOLCX)
Northern Large Cap Value Fund (NOLVX)

With Northern Trust Since 2007
Began Career in 1995

Mark C. Sodergren, Senior Vice President of Northern Trust, is head of the quantitative active 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.

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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.