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|The investment objective of the fund is to achieve long-term capital appreciation through a diversified portfolio of global equities.|
|The Fund utilizes a multi-manager approach to allocate to sub-advisers based on their investment expertise and a demonstrated commitment to advancing and promoting diversity. The Fund will invest at least 80% of its net assets in equity securities of companies listed on a domestic or foreign exchange. Under normal circumstances, the Fund will invest at least 40%, and may invest up to 100%, of its net assets in equity securities of companies economically tied to a non-U.S. country, including emerging and frontier market countries.|
|2% on shares sold or exchanged within 30 days of purchase.|
Sub-Advisers and Allocations subject to change at any time.
**Denver Investment Advisors, LLC, a sub-adviser to the Northern Engage360TM Fund, was acquired by Segall Bryant & Hamill, LLC on April 30, 2018. Upon the acquisition, Denver changed its name to Segall Bryant & Hamill, LLC.
|YTD Total Return|
(Fund incpt. dtd 11/20/17)
|7.40% (as of 01/18/19)|
|Total Net Assets||$204,520,689 (as of 12/31/18)|
|Month|| ||YTD|| ||3-Year||5-Year|| || Since
|MSCI ACWI Index||-7.04%||-12.75%||-9.42%||-9.42%||N/A||N/A||N/A||-5.77%|
|Morningstar Cat. Avg.|
World Large 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. ("NTI" or the "Investment Adviser") has contractually agreed to reimburse a portion of the operating expenses of the Fund (other than Acquired Fund Fees and Expenses and extraordinary expenses) to the extent the "Total Annual Fund Operating Expenses" exceed 0.70%. The "Total Annual Fund Operating Expenses After Expense Reimbursement" may be higher than the contractual limitation as a result of Acquired Fund Fees and Expenses and extraordinary expenses that are not reimbursed. This contractual limitation may not be terminated before July 31, 2019 without the approval of the Fund’s 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.
|Gross Expense Ratio||Net Expense Ratio‡|
|‡Includes contractual expense reimbursements that, if not extended, will end on July 31, 2019. The Fund also includes voluntary expense reimbursements that may change or end at any time.|
|MSCI ACWI Index||-9.42%||N/A|
|Morningstar Category Avg. World Large Stock||-9.64%||N/A|
|*The inception date of the fund is November 20, 2017.
Performance quoted represents past performance and does not guarantee future results.
|Top 10 Holdings||Fund|
|Roche Holding Ltd||1.7%|
|Deutsche Boerse AG||1.6%|
|Baidu Inc Sponsored ADR||1.4%|
|Royal Ahold Delhaize NV||1.4%|
|China Mobile Ltd||1.3%|
|Microchip Technology Inc||1.0%|
|American Tower Corp||1.0%|
|Unilever NV ADR||1.0%|
|Top 10 Country Weightings||Fund||Benchmark|
|Risk Characteristics*||Northern Engage360TM*||MSCI ACWI Index|
|Up Market Capture||N/A||N/A|
|Down Market Capture||N/A||N/A|
|*||Above risk characteristics are based on a 3-year time period. Inception date of the Fund is November 20, 2017.|
|Number of Holdings||426|
|Portfolio Turnover*||7.21% (as of 03/31/18)|
|Dividend Income Last Quarter*||N/A|
|Capital Gain Income Last Quarter*||N/A|
|Weighted Average Market Cap ($Mil)||$77,118|
|Benchmark||MSCI ACWI Index|
|Morningstar Category||World Large Stock|
|*Inception date of the Fund is November 20, 2017.|
|Trailing 12-Month Price-to-Earnings Ratio|
|Historical 5-Year Earnings Growth|
Northern Active M Emerging Markets Equity Fund (NMMEX)
Northern Active M International Equity Fund (NMIEX)
Northern Engage360TM Fund (NENGX)
Northern Multi-Manager Emerging Markets Debt Opportunity Fund (NMEDX)
Northern Multi-Manager Global Listed Infrastructure Fund (NMFIX)
Northern Multi-Manager Global Real Estate Fund (NMMGX)
Northern Multi-Manager High Yield Opportunity Fund (NMHYX)
With Northern Trust Since 2004
Began Career in 1993
Christopher E. Vella, CFA®, is Senior Vice President of Northern Trust's Multi-Manager Solutions Practice. He is Chief Investment Officer with responsibility for manager research and portfolio construction processes across Northern Trust's Multi-Manager Solutions Practice. He is responsible for the global manager research platform, consisting of approximately $95B in assets across 200 investment strategies. He manages a team of approximately 25 investment professionals across all traditional asset classes. The team covers all external manager relationships on behalf of Northern Trust's private and institutional clientele.
Prior to joining Northern Trust in 2004, Mr. Vella was a founding member of Goldman Sach's external manager business which consists of institutional and private client assets. While at Goldman, he managed the international and emerging markets equity team. Prior to Goldman Sachs, Mr. Vella spent close to 6 years at SEI Investments working primarily on international equity and emerging markets equity manager research. He has over 20 years of manager research and multi-manager portfolio construction experience.
Mr. Vella received a B.S. magna cum laude in finance with a minor in applied mathematics from Lehigh University and was elected into the Phi Beta Kappa honor society. He is a member of the New York Society of Financial Analysts. He is an active CFA® charterholder.
With Northern Trust Since 2000
Began Career in 1999
Jessica K. Hart, is Senior Vice President of Northern Trust's Outsourced CIO Retirement Assets Practice advising corporate, public and multi-employer plans. Multi-Manager Solutions Practice. She currently co-manages the Northern Engage360TM Fund.
Ms. Hart joined Northern Trust in 2000 and has since been responsible for due diligence on prospective managers, performance and oversight of all multi-manger funds, portfolio construction and a key member of the management team that developed portfolio optimization processes for Northern Trust's clients. Prior to joining Northern Trust, Ms. Hart was a consultant with the financial and commodities risk consulting group of Arthur Andersen LLP.
Ms. Hart received a B.S. degree in economics from the University of Wisconsin and an MBA from New York University, Stern School of Business.
Not FDIC insured | May lose value | No bank guarantee
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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