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Equity Index

Global Sustainability Index

 
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TickerNAV AS OF 10/23/14
NSRIX$11.90 $0.13 Arrow Up Icon
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Snapshot
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
”Risk/Reward

Fund Literature

 
Important risk information can be found on the Portfolio tab.
CUSIP665130308
YTD Total Return1.71% (as of 10/23/14)
Inception Date03/05/08
Total Net Assets$194,699,969 (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.
Global Sustainability Index-2.96%-2.41%3.85%11.76%17.91%10.47%N/A4.69%
MSCI World ESG Index-2.96%-2.30%3.86%11.76%17.64%10.58%N/A4.94%
Morningstar Cat. Avg.
World Stock
-3.32%-3.27%2.26%9.78%16.68%10.46%N/AN/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 0.30%. 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
Global Sustainability Index0.40%0.30%
Includes contractual expense reimbursements that, if not extended, will end on July 31, 2015.

Calendar Year Returns

 
       2013      2012      2011      2010      2009
Global Sustainability Index27.28%15.15%-5.68%10.43%30.13%
MSCI World ESG Index27.56%14.48%-5.42%10.67%32.42%
Morningstar Category Avg. World Stock25.19%15.84%-7.93%13.74%35.27%
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
Johnson & Johnson1.9%
Procter & Gamble Co1.4%
Novartis AG1.3%
Roche Holding Ltd1.3%
Verizon Communications Inc1.3%
HSBC Holdings PLC1.2%
IBM1.1%
Intel Corp1.1%
Merck & Co Inc1.1%
Google Inc1.0%
% of Portfolio12.7%
As of 09/30/14
Sector WeightingsFundBenchmark
Financials22.0%21.9%
Health Care14.0%14.0%
Information Technology12.6%12.6%
Consumer Discretionary11.9%11.9%
Industrials10.9%10.9%
Consumer Staples9.0%9.0%
Energy6.9%6.9%
Materials5.4%5.5%
Telecommunication Services3.9%3.9%
Utilities3.4%3.4%
TOTAL100.0%100.0%
   
Top 10 Country WeightingsFundBenchmark
United States55.6%55.6%
Japan9.0%9.0%
United Kingdom8.0%8.0%
Canada5.1%5.1%
Switzerland3.8%3.8%
Australia3.7%3.7%
Germany3.3%3.3%
France3.0%3.0%
Netherlands1.9%1.8%
Sweden1.7%1.7%
TOTAL95.1%95.0%
As of 09/30/14
Risk Characteristics*Global Sustainability IndexMSCI World ESG Index
Beta0.991.00
Up Market Capture101.23100.00
Down Market Capture100.24100.00
Information Ratio0.280.00
*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 Holdings819
Portfolio Turnover12.32% (as of 03/31/14)
Dividend ScheduleAnnually
Dividend Income Last QuarterN/A
Capital Gain Income Last QuarterN/A
Weighted Average Market Cap ($Mil)$74,791
BenchmarkMSCI World ESG Index
Morningstar CategoryWorld Stock
Trailing 12-Month Price to Earnings Ratio
Fund17.77
Benchmark17.77
Price to Book Ratio
Fund2.34
Benchmark2.34
Historical 5-Year Earnings Growth
Fund9.27
Benchmark9.26
Asset Allocation 
Stocks100.0%
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.
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 factors. It is not possible to invest directly in an index.
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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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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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