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Northern Engage360TM

 
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TickerNAV AS OF 05/18/18
NENGX$10.39 -0.04 Arrow Down Icon
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Fund Objective
The investment objective of the fund is to achieve long-term capital appreciation through a diversified portfolio of global equities.
Fund Strategy
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.
Redemption Fee
2% on shares sold or exchanged within 30 days of purchase.
Risk/Reward Potential
”Risk/Reward
Sub-Adviser Allocations

Sub-Advisers and Allocations subject to change at any time.

SUB-ADVISERTARGET ALLOCATION*ROLE IN PORTFOLIO
Aristotle Capital Management, LLC 33% A U.S. large cap, relative value approach that is benchmark agnostic with a high quality bias. They analyze companies with a global perspective and may have ADR exposure up to 20%.
Ariel Investments, LLC 23.5% An international strategy seeking high quality companies with strong growth prospects that are undervalued and out of favor across both developed and emerging markets.
Strategic Global Advisers, LLC 23.5% A diversified international all cap strategy that seeks to generate long term value by integrating proprietary quantitative models with a traditional fundamental research overlay.
Denver Investment Advisers, LLC 10% A U.S. small/mid cap value approach that focuses on dividend paying stocks in an effort to create superior long term risk adjusted returns.
EARNEST Partners, LLC 10% Diversified U.S. mid cap core strategy focusing on companies with improving profitability and lower earnings variability that trade at reasonable valuations.
*Actual allocations may vary.
Important risk information can be found on the Portfolio tab.

 

CUSIP665162319
YTD Total Return
(Fund incpt. dtd 11/20/17)
1.27% (as of 05/18/18)
Inception Date11/20/17
Total Net Assets$98,741,016 (as of 04/30/18)

Total Returns

Total Returns for Month Ending 04/30/18
 Inception-To-Date
    Month   3-Month     YTD  1-Year  3-Year  5-Year  10-Year Since
Incept.***
Northern Engage360TM 0.59%-4.84%-0.29%N/AN/AN/AN/A2.40%
MSCI ACWI Index0.95%-5.36%-0.02%N/AN/AN/AN/A3.31%
Morningstar Cat. Avg.
World Large Stock
0.58%-4.97%0.10%N/AN/AN/AN/AN/A
***Not annualized. Performance represents the period 11/20/17 through 04/30/18.

Total Returns

Total Returns for Quarter Ending 03/31/18
 Inception-To-Date
    Month   3-Month     YTD  1-Year  3-Year  5-Year  10-Year Since
Incept.**
Northern Engage360TM -0.97%-0.88%-0.88%N/AN/AN/AN/A1.80%
MSCI ACWI Index-2.14%-0.96%-0.96%N/AN/AN/AN/A2.34%
Morningstar Cat. Avg.
World Large Stock
-1.37%-0.44%-0.44%N/AN/AN/AN/AN/A
**Not annualized. Performance represents the period 11/20/17 through 3/31/18.
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 November 17, 2018 without the approval of the Fund’s Board of Trustees. Total return is based on net change in NAV assuming reinvestment of distributions.

Annual Expense Ratios

 
 Gross Expense RatioNet Expense Ratio
Northern Engage360TM 0.93%0.70%
Includes contractual expense reimbursements that, if not extended, will end on November 17, 2018. The Fund also includes voluntary expense reimbursements that may change or end at any time.

Calendar Year Returns

 
 2017
Northern Engage360TM*   N/A
MSCI ACWI Index  N/A
Morningstar Category Avg. World Large Stock  N/A
*The inception date of the fund is November 20, 2017.

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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Top 10 HoldingsFund
Deutsche Boerse AG1.9%
GlaxoSmithKline PLC1.7%
Adobe Systems Inc1.7%
Roche Holding Ltd 1.5%
Royal Ahold Delhaize NV1.5%
Baidu Inc Sponsored ADR 1.4%
China Mobile Ltd1.3%
General Dynamics Corp1.2%
Microsoft Corp1.2%
Bank of America Corp1.2%
As of 03/31/18
Sector WeightingsFundBenchmark
Financials20.1%18.7%
Information Technology15.8%18.8%
Health Care11.9%10.6%
Industrials9.9%10.8%
Consumer Discretionary9.3%12.3%
Consumer Staples9.0%8.4%
Energy6.6%6.2%
Materials5.9%5.4%
Telecommunication Services5.2%2.9%
Utilities3.3%2.9%
Real Estate3.0%3.0%
   
Top 10 Country WeightingsFundBenchmark
United States51.0%52.2%
Japan11.0%8.0%
United Kingdom5.5%5.7%
Germany5.0%3.2%
Switzerland4.2%2.5%
Canada3.4%2.9%
France3.2%3.5%
Netherlands3.0%1.2%
China2.8%3.6%
Spain2.3%1.1%
As of 03/31/18
Risk Characteristics*Northern Engage360TM MSCI ACWI Index
BetaN/AN/A
Up Market CaptureN/AN/A
Down Market CaptureN/AN/A
Information RatioN/AN/A
*Above risk characteristics are based on a 3-year time period
   
DateHoldings File
As of 3/31/18Insert Icon
As of 12/31/17Insert Icon

Fund Characteristics

Number of Holdings384
Portfolio Turnover*
N/A
Dividend ScheduleAnnually
Dividend Income Last Quarter*N/A
Capital Gain Income Last Quarter*N/A
Weighted Average Market Cap ($Mil)$56,486
BenchmarkMSCI ACWI Index
Morningstar CategoryWorld Large Stock
*Inception date of the Fund is November 20, 2017.
Trailing 12-Month Price-to-Earnings Ratio
Fund17.15
Benchmark18.04
Price-to-Book Ratio
Fund2.08
Benchmark2.24
Historical 5-Year Earnings Growth
Fund9.52
Benchmark10.79
Asset Allocation 
Stocks96.0%
Cash4.0%
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.
Emerging and Frontier Markets Risk: Emerging and frontier market investing may be subject to additional economic, political, liquidity and currency risks not associated with more developed countries. Additionally, frontier countries generally have smaller economies or less developed capital markets than traditional emerging markets and, as a result, the risks of investing in emerging market countries are magnified in frontier countries.
International Risk: International investing involves increased risk and volatility.
MSCI All Country World Index ("MSCI ACWI") is a free float-adjusted market capitalization weighted index that is designed to measure the equity market performance of developed and emerging markets. The MSCI ACWI consists of 46 country indices comprising 23 developed and 23 emerging market country indices. As of May 31, 2017, the developed market country indices included are: Australia, Austria, Belgium, Canada, Denmark, Finland, France, Germany, Hong Kong, Ireland, Israel, Italy, Japan, the Netherlands, New Zealand, Norway, Portugal, Singapore, Spain, Sweden, Switzerland, the United Kingdom and the United States. As of May 31, 2017, the emerging market country indices included are: Brazil, Chile, China, Colombia, Czech Republic, Egypt, Greece, Hungary, India, Indonesia, Korea, Malaysia, Mexico, Peru, the Philippines, Poland, Qatar, Russia, South Africa, Taiwan, Thailand, Turkey, and the United Arab Emirates.
Multi-Manager Risk is the risk that the sub-advisers' investment styles will not always be complementary, which could affect the performance of the Fund.
New Fund Risk: The Fund, because it is new with no operating history, may not grow or maintain an economically viable size, in which case the Board of Trustees of the Trust may determine to liquidate the Fund.
Small- and Mid-Cap Risks: Small- and mid-sized company stocks are generally riskier than large-company stocks due to greater volatility and less liquidity.
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Christopher E. Vella, CFA<sup>&reg;</sup>, CIO

Christopher E. Vella, CFA®, CIO

Portfolio Manager

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.

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Jessica K. Hart

Jessica K. Hart

Portfolio Manager

Northern Engage360TM Fund (NENGX)

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.

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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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