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TickerNAV AS OF 08/03/15
NTCHX$24.04 $-0.18 Arrow Down Icon
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Snapshot
If you're a growth-oriented investor intrigued by the appreciation potential of technology-driven companies, you may want to explore the opportunities this Sector Fund offers. Our experienced investment team invests more than 25% of the Funds assets in the stock of companies that develop, or sell computers, software or peripheral products that they believe could outperform the market over the next one- to two-year periods. This Fund was designed for those long-term investors who are willing to withstand inevitable short-term market swings and who understand the risks and potential rewards of sector investing.

Fund Objective
Capital Appreciation
Fund Strategy
  • Buy stocks that develop, produce or distribute products and services related to technology.
  • Base stock picks on financial condition, market share, earnings growth rates, product leadership or market niches, as compared to competitors, market valuation and price trends.
  • In addition to traditional technology companies, the Fund may also invest in biotechnology, health care and health-care equipment, aerospace and defense and financial administration.
Investor Profile
If you're a growth-oriented investor intrigued by the appreciation potential of technology-driven companies, you may want to explore the opportunities this Sector Fund offers. It is designed for investors with a long-term time horizon, who are willing to withstand inevitable short-term market swings and who understand the risks and potential rewards of sector investing.
Risk/Reward Potential
”Risk/Reward

Fund Literature

 
Important risk information can be found on the Portfolio tab.
CUSIP665162798
YTD Total Return4.57% (as of 08/03/15)
Inception Date04/01/96
Total Net Assets$84,390,441 (as of 06/30/15)

Total Returns

Total Returns for Quarter Ending 06/30/15
 Annualized
    Month   3-Month     YTD  1-Year  3-Year  5-Year  10-Year Since
Incept.
Technology-1.75%1.60%4.83%15.70%16.20%16.38%8.26%8.92%
S&P 500 Index-1.94%0.28%1.23%7.42%17.31%17.34%7.89%8.22%
Morningstar Cat. Avg.
Technology
-3.21%0.80%3.79%9.03%17.79%16.25%9.54%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.

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 1.25%. 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.

Annual Expense Ratios

 
 Gross Expense RatioNet Expense Ratio
Technology1.39%1.26%
Includes contractual expense reimbursements that, if not extended, will end on July 31, 2016.

Calendar Year Returns

 
       2014      2013      2012      2011      2010
Technology16.05%21.91%13.40%-2.72%24.09%
S&P 500 Index13.69%32.39%16.00%2.11%15.06%
Morningstar Category Avg. Technology12.55%35.45%13.08%-7.62%20.00%
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 Inc5.3%
Zimmer Biomet Holdings Inc5.0%
Baxter International Inc4.3%
salesforce.com Inc3.6%
Facebook Inc2.8%
AbbVie Inc2.6%
Red Hat Inc2.5%
Google Inc Class C2.3%
Activision Blizzard Inc2.3%
St. Jude Medical Inc2.2%
% of Portfolio32.9%
As of 06/30/15
Sector WeightingsFundBenchmark
Information Technology69.3%19.6%
Health Care29.4%15.4%
Consumer Discretionary1.3%12.8%
Financials0.0%16.6%
Industrials0.0%10.1%
Consumer Staples0.0%9.4%
Energy0.0%7.9%
Materials0.0%3.1%
Utilities0.0%2.8%
Telecommunication Services0.0%2.3%
TOTAL100.0%100.0%
As of 06/30/15
Risk Characteristics*TechnologyS&P 500 Index
Beta1.061.00
Up Market Capture97.10100.00
Down Market Capture105.43100.00
Information Ratio–0.130.00
*Above risk characteristics are based on a 3-year time period
   
DateHoldings File
As of 06/30/15Insert Icon
As of 03/31/15Insert Icon

Fund Characteristics

Number of Holdings66
Portfolio Turnover40.39% (as of 03/31/15)
Dividend ScheduleAnnually
Dividend Income Last QuarterN/A
Capital Gain Income Last QuarterN/A
Weighted Average Market Cap ($Mil)$93,638
BenchmarkS&P 500 Index
Morningstar CategoryTechnology
Trailing 12-Month Price-to-Earnings Ratio
Fund24.94
Benchmark18.95
Price-to-Book Ratio
Fund4.34
Benchmark2.80
Historical 5-Year Earnings Growth
Fund17.76
Benchmark12.74
Asset Allocation 
Stocks98.2%
Cash1.8%
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.
Sector Risk: Because the Fund invests in a single industry, its shares do not represent a complete investment program. As a non-diversified and single industry fund, the value of the shares may fluctuate more than shares invested in a broader range of industries and companies.
S&P 500® Index is an unmanaged index consisting of 500 stocks and is a widely recognized common measure of the performance of the overall U.S. stock market. It is not possible to invest directly in an index.
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Deborah L. Koch, CFA<sup>&reg;</sup>

Deborah L. Koch, CFA®

Portfolio Manager

Northern Technology Fund (NTCHX)

With Northern Trust Since 2003
Began Career in 1985

Deborah L. Koch, Senior Vice President of Northern Trust, co-manages the Northern Technology Fund.

Before joining Northern Trust in 2003, Ms. Koch co-managed the Strong Advisor Technology Fund and Strong Technology 100 Fund. She was previously Managing Director and a member of the global equity group at Scudder Kemper Investments, where she also co-managed the Kemper Technology Fund and was part of the management team for the Scudder Technology Fund. She began her investment career in 1985 at Stein Roe & Farnham.

Ms. Koch received a B.S. in finance from the University of Rhode Island and an MBA from DePaul University. She is an active CFA® charterholder and a member of the CFA Institute and the CFA Society Chicago.

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Sandeep Soorya

Sandeep Soorya

Portfolio Manager

Northern Technology Fund (NTCHX)

With Northern Trust Since 2011
Began Career in 1997

Sandeep Soorya, Vice President of Northern Trust, is a Senior Equity Analyst and co-manages the Technology Fund.

Prior to joining Northern Trust in 2011, Mr. Soorya was a Senior Analyst at J. Goldman & Co. in New York City where he was responsible for portfolio management of a healthcare dedicated part of the fund. Previous to that, Mr. Soorya worked in Equity Research at Citigroup and was a Senior Analyst at FrontPoint Management, both in New York City. Prior to his MBA, he worked in the Economics Group at PricewaterhouseCoopers in Washington, DC.

Mr. Soorya received a B.A. in economics from George Washington University in Washington, DC and an MBA from Cornell University in Ithaca, New York.

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Not FDIC insured | May lose value | No bank guarantee

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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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