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Equity Index

Global Sustainability Index

TickerNAV AS OF 05/27/16
NSRIX$11.76 $0.02 Arrow Up Icon

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For those investors who are socially conscious, the Global Sustainability Index Fund may be the Fund for you. Companies that adhere to widely accepted sustainability principles can help protect the environment and foster more favorable living conditions for future generations. Their practices might include; stewardship of the environment, service to local communities and society at large, commitments to higher labor standards, focus on safe, high-quality products and exemplary and ethical management.
Fund Objective
Seeks to Replicate Index

Fund Strategy
  • Seek to duplicate the investment composition and overall performance of the stocks included in the MSCI World ESG Index.
  • The Index is a diversified, sector neutral global benchmark constructed using environmental, social and governance (ESG) factors.
  • Sector and regional neutrality is designed to help the Index outperform other social responsibility and sustainability indices.
Investor Profile

If you are an investor who wants to invest in a broad, diversified set of large- and mid-cap developed global companies in North America, Europe and Asia-Pacific, that are selected based on sector ranking of environmental, social and government factors, you may find this Fund attractive.

Redemption Fee
2% on shares sold or exchanged within 30 days of purchase
Risk/Reward Potential
Overall Morningstar RatingTM
Morningstar Rating

Among 920 world stock funds derived from a weighted average of the fund's 3- and 5-year risk-adjusted returns as of 4/30/16.

Global Sustainability Index received 4 stars for the 3-year rating among 920 world stock funds and 4 stars for the 5-year rating among 720 funds. The 10-year Morningstar Rating is not available.

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.

©2016 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.
YTD Total Return2.89% (as of 05/27/16)
Inception Date03/05/08
Total Net Assets$248,636,629 (as of 04/30/16)

Total Returns

Total Returns for Month Ending 04/30/16
    Month   3-Month     YTD  1-Year  3-Year  5-Year  10-Year Since
Global Sustainability Index1.40%7.39%1.75%-3.57%6.10%6.08%N/A3.96%
MSCI World ESG Index1.63%8.22%1.91%-3.32%6.13%6.13%N/A4.19%
Morningstar Cat. Avg.
World Stock

Total Returns

Total Returns for Quarter Ending 03/31/16
    Month   3-Month     YTD  1-Year  3-Year  5-Year  10-Year Since
Global Sustainability Index7.10%0.35%0.35%-3.11%6.67%6.72%N/A3.82%
MSCI World ESG Index7.02%0.28%0.28%-3.05%6.66%6.70%N/A4.02%
Morningstar Cat. Avg.
World Stock
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 0.30%. 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
Global Sustainability Index0.38%0.31%
Includes contractual expense reimbursements that, if not extended, will end on July 31, 2016.

Calendar Year Returns

       2015      2014      2013      2012      2011
Global Sustainability Index-0.87%4.56%27.28%15.15%-5.68%
MSCI World ESG Index-1.11%4.87%27.56%14.48%-5.42%
Morningstar Category Avg. World Stock-1.69%2.79%25.19%15.84%-7.93%
Performance quoted represents past performance and does not guarantee future results.
Important risk information can be found on the Portfolio tab.
Portfolio Composition
Top 10 HoldingsFund
Johnson & Johnson1.9%
Procter & Gamble Co1.3%
Alphabet Inc Class C1.3%
Verizon Communications Inc1.3%
Alphabet Inc 1.3%
Roche Holding Ltd 1.1%
Novartis AG1.1%
Berkshire Hathaway Inc Class B1.1%
Walt Disney Co1.0%
Merck & Co Inc0.9%
% of Portfolio12.3%
As of 04/30/16
Sector WeightingsFundBenchmark
Health Care13.9%13.9%
Information Technology13.6%13.7%
Consumer Discretionary12.7%12.7%
Consumer Staples9.6%9.7%
Telecommunication Services3.7%3.7%
Top 10 Country WeightingsFundBenchmark
United States58.8%58.3%
United Kingdom7.0%7.0%
As of 04/30/16
Risk Characteristics*Global Sustainability IndexMSCI World ESG Index
Up Market Capture100.16100.00
Down Market Capture100.37100.00
Information Ratio–0.040.00
*Above risk characteristics are based on a 3-year time period
DateHoldings File
As of 04/30/16Insert Icon
As of 03/31/16Insert Icon
As of 02/29/16Insert Icon
As of 01/31/16Insert Icon
As of 12/31/15Insert Icon
As of 11/30/15Insert Icon

Fund Characteristics

Number of Holdings802
Portfolio Turnover5.99% (as of 03/31/15)
Dividend ScheduleAnnually
Dividend Income Last QuarterN/A
Capital Gain Income Last QuarterN/A
Weighted Average Market Cap ($Mil)$80,265
BenchmarkMSCI World ESG Index
Morningstar CategoryWorld Stock
Trailing 12-Month Price-to-Earnings Ratio
Price-to-Book Ratio
Historical 5-Year Earnings Growth
Asset Allocation 
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.
International Risk: International investing involves increased risk and volatility.
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.
MSCI World ESG Index is a free float-adjusted, market capitalization-weighted index comprised of large- and mid-cap developed market companies in Asia Pacific, Europe and the Middle East, Canada and the United States. The Index holds a broad, diversified set of global companies, selected based on regional sector ranking of environmental, social and governance performance. It is not possible to invest directly in an index.
Thomas E. O'Brien, CFA<sup>&reg;</sup>

Thomas E. O'Brien, CFA®

Portfolio Manager

Northern Global Real Estate Index Fund (NGREX)
Northern Global Sustainability Index Fund (NSRIX)

With Northern Trust Since 2004
Began Career in 1997

Thomas E. O'Brien, Vice President of Northern Trust, is a portfolio manager with the international quantitative equity division. He manages the Northern Global Real Estate Index Fund and Northern Global Sustainability Index Fund.

Prior to joining Northern Trust in 2004, Mr. O'Brien was a principal at State Street Global Advisors in Boston.

Mr. O'Brien received a B.S. in finance from the University of Rhode Island and an MBA from Suffolk University. He is an active CFA® charterholder and a member of the CFA Society Chicago.

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