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|For those growth-oriented investors who enjoy the opportunities and portfolio diversification international investing offers, this will be the Fund for you. Our experienced investment team, using research and quantitative analysis, buys securities of a broad mix of international companies that offer the potential for long-term, above-average growth at a reasonable price. Foreign securities may involve additional risks, including social and political instability, reduced market liquidity and currency volatility.|
|If you are a growth-oriented investor who is interested in the opportunities and portfolio diversification international investing offers, you may find this Fund suitable. You should have a more aggressive risk profile and be able to tolerate the above-average volatility and special risks that investing in foreign markets entails.|
|2% on shares sold or exchanged within 30 days of purchase|
|YTD Total Return||2.37% (as of 01/20/17)|
|Total Net Assets||$149,968,946 (as of 12/31/16)|
|Month|| ||YTD|| ||3-Year||5-Year|| || Since
|MSCI EAFE Index||3.42%||-0.71%||1.00%||1.00%||-1.60%||6.53%||0.75%||4.60%|
|Morningstar Cat. Avg.|
Foreign Large Blend
|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 1.06%. This contractual limitation may not be terminated before July 31, 2017 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.
|Gross Expense Ratio||Net Expense Ratio‡|
|‡Includes contractual expense reimbursements that, if not extended, will end on July 31, 2017. The Fund also includes voluntary expense reimbursements that may change or end at any time.|
|MSCI EAFE Index||-0.81%||-4.90%||22.78%||17.32%||-12.14%|
|Morningstar Category Avg. Foreign Large Blend||-1.59%||-4.98%||19.44%||18.29%||-13.97%|
|Performance quoted represents past performance and does not guarantee future results.|
|Top 10 Holdings||Fund|
|Itau Unibanco Holding SA Sponsored ADR||4.1%|
|Samsung Electronics Co Ltd||3.3%|
|Infineon Technologies AG||3.1%|
|Baidu Inc Sponsored ADR||3.1%|
|Roche Holding Ltd||2.8%|
|Mitsubishi UFJ Financial Group Inc||2.6%|
|Tokio Marine Holdings Inc||2.5%|
|Anheuser-Busch InBev SA/NV||2.5%|
|% of Portfolio||29.2%|
|Top 10 Country Weightings||Fund||Benchmark|
|Risk Characteristics*||International Equity||MSCI EAFE Index|
|Up Market Capture||102.68||100.00|
|Down Market Capture||105.16||100.00|
|*||Above risk characteristics are based on a 3-year time period|
|Number of Holdings||56|
|Portfolio Turnover||12.78% (as of 03/31/16)|
|Dividend Income Last Quarter||N/A|
|Capital Gain Income Last Quarter||N/A|
|Weighted Average Market Cap ($Mil)||$62,953|
|Benchmark||MSCI EAFE Index|
|Morningstar Category||Foreign Large Blend|
|Trailing 12-Month Price-to-Earnings Ratio|
|Historical 5-Year Earnings Growth|
With Northern Trust Since 2007
Began Career in 1995
Mark C. Sodergren, Senior Vice President of Northern Trust, is Head of the Quantitative Active Equity team responsible for research and implementation of several quantitative equity strategies. He currently manages the Northern International Equity Fund, Northern Large Cap Core Fund and is a co-manager of the Northern Large Cap Value Fund.
Before joining Northern Trust in 2007, Mr. Sodergren was a portfolio manager at Barclays Global Investors focused on active U.S. large cap strategies. Prior to this, he spent six years at Citigroup Asset Management as a portfolio manager and researcher focused on both active international and domestic portfolios.
Mr. Sodergren received a B.A. in quantitative economics and decision sciences from the University of California, San Diego and an MBA from the University of Chicago. He is an active CFA® charterholder and member of the Chicago Quantitative Alliance.
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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