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Equity Index

Stock Index

 
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TickerNAV AS OF 10/31/14
NOSIX$25.01 $0.29 Arrow Up Icon
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Snapshot
For those moderate-risk investors seeking a competitive long-term investment return through a broadly diversified portfolio, this Fund may be appropriate for you. It offers a high degree of relative predictability in an uncertain stock market by seeking investment results, before expenses, approximating the aggregate price and dividend performance of the securities included in the S&P 500 Stock Index. Our experienced investment team does not use traditional methods of investment management of the Fund, rather the team will buy and sell securities in response to the S&P 500 Stock Index.
Fund Objective
Seeks to Replicate Index
Fund Strategy
  • Passively managed, the Fund seeks to duplicate the investment composition and overall performance of the stocks included in the S&P 500® Index.
  • Invest at least 80% of its net assets in equity securities in the Index, in weightings that approximate the relative composition of the Index.
  • Use proprietary quantitative techniques designed to minimize trading costs.
Investor Profile
If you're a moderate-risk investor seeking competitive long-term investment returns through a broadly diversified portfolio, this Fund may be appropriate for you. It offers a high degree of relative predictability in an uncertain stock market by seeking investment results, before expenses, approximating the aggregate price and dividend performance of the securities included in the S&P 500 Stock Index.
Risk/Reward Potential
”Risk/Reward
Overall Morningstar RatingTM
”Morningstar

Among 1,343 large blend funds derived from a weighted average of the fund's 3-, 5- and 10-year risk-adjusted returns as of 09/30/14.

Stock Index received 4 stars for the 3-year rating among 1,343 large blend funds, 4 stars for the 5-year rating among 1,204 funds and 3 stars for the
10-year rating among 804 funds.

Past performance is no guarantee of future results. Ratings reflect fee waivers in effect; in their absence, ratings may have been lower.

Star ratings are based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a fund’s monthly performance (including the effects of sales charges and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. The overall rating is a weighted average of the 3-, 5-, and 10-year (if applicable) returns. 5 stars = top 10% of funds in an asset category; 4 stars = next 22.5% of funds; 3 stars = next 35%; 2 stars = next 22.5% and 1 star = next 10%. A fund must be in existence three years to be rated. Ratings are subject to change monthly.

©2014 Morningstar, Inc. All Rights Reserved. Morningstar and/or its content providers are the proprietors of this information; do not permit its unauthorized copying or distribution; do not warrant it to be accurate, complete or timely; and are not responsible for damages or losses arising from its use.

Fund Literature

 
Important risk information can be found on the Portfolio tab.
CUSIP665162772
YTD Total Return10.87% (as of 10/31/14)
Inception Date10/07/96
Total Net Assets$5,993,675,747 (as of 09/30/14)

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.
Stock Index-1.41%1.11%8.26%19.59%22.84%15.51%7.88%7.47%
S&P 500 Index-1.40%1.13%8.34%19.73%22.99%15.70%8.11%8.00%
Morningstar Cat. Avg.
Large Blend
-1.98%-0.08%6.33%16.84%21.59%14.10%7.51%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 0.10%. 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
Stock Index0.12%0.10%
Includes contractual expense reimbursements that, if not extended, will end on July 31, 2015.

Calendar Year Returns

 
       2013      2012      2011      2010      2009
Stock Index32.23%15.86%1.89%14.82%26.22%
S&P 500 Index32.39%16.00%2.11%15.06%26.46%
Morningstar Category Avg. Large Blend31.50%14.96%-1.27%14.01%28.17%
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 Inc3.4%
Exxon Mobil Corp2.3%
Microsoft Corp2.2%
Johnson & Johnson1.7%
General Electric Co1.5%
Berkshire Hathaway Inc1.4%
Wells Fargo & Co1.4%
JP Morgan Chase & Co1.3%
Chevron Corp1.3%
Procter & Gamble Co1.3%
% of Portfolio17.8%
As of 09/30/14
Sector WeightingsFundBenchmark
Information Technology19.6%19.7%
Financials16.3%16.3%
Health Care13.9%13.9%
Consumer Discretionary11.7%11.7%
Industrials10.3%10.3%
Energy9.7%9.7%
Consumer Staples9.6%9.5%
Materials3.5%3.5%
Utilities3.0%3.0%
Telecommunication Services2.4%2.4%
TOTAL100.0%100.0%
As of 09/30/14
Risk Characteristics*Stock IndexS&P 500 Index
Beta1.001.00
Up Market Capture99.58100.00
Down Market Capture100.34100.00
Information Ratio–1.860.00
*Above risk characteristics are based on a 3-year time period
   
DateHoldings File
As of 09/30/14Insert Icon
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

Fund Characteristics

Number of Holdings502
Portfolio Turnover8.16% (as of 03/31/14)
Dividend ScheduleQuarterly
Dividend Income Last Quarter$0.1114
Capital Gain Income Last QuarterN/A
Weighted Average Market Cap ($Mil)$135,070
BenchmarkS&P 500 Index
Morningstar CategoryLarge Blend
Trailing 12-Month Price-to-Earnings Ratio
Fund18.35
Benchmark18.35
Price-to-Book Ratio
Fund2.69
Benchmark2.69
Historical 5-Year Earnings Growth
Fund12.64
Benchmark12.13
Asset Allocation 
Stocks96.6%
Cash3.4%
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.
Index Fund Risk: The performance of the Fund is expected to be lower than that of the Index because of Fund fees and expenses. It is important to remember that there are risks associated with index investing, including the potential risk of market decline, as well as the risks associated with investing in specific 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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Brent Reeder

Brent Reeder

Portfolio Manager

Northern Mid Cap Index Fund (NOMIX)
Northern Small Cap Index Fund (NSIDX)
Northern Stock Index Fund (NOSIX)

With Northern Trust Since 1993
Began Career in 1993

Brent Reeder, Senior Vice President, is Director of U.S. Index Equities at Northern Trust. Mr. Reeder is responsible for equity index portfolio management in the United States. Prior to Director of U.S. Index Equities, he was a senior portfolio manager on the U.S. equity team. Mr. Reeder manages the Northern Mid Cap Index Fund, Northern Small Cap Index Fund and Northern Stock Index Fund.

Prior to his current role, Mr. Reeder's responsibilities included foundations and endowments team leader in the trust operations division at Northern Trust.

Mr. Reeder received a B.A. in economics from DePauw University, and an MBA in finance from DePaul University. He is an Associated Person with the National Futures Association.

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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.

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