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Fund Changes

 
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Important Changes to the Government Assets Portfolio

The Board of Trustees of the Northern Institutional Funds has approved a plan of reorganization and determined that it is in the best interests of the Northern Institutional Government Assets and its shareholders that the Portfolio be merged into the Northern Institutional U.S. Government Portfolio on or about November 28, 2017. A prospectus supplement announcing the merger of the Fund was mailed to shareholders in the Fund.

  • The Government Assets Portfolio will be closed to new investments after the close of business on November 22, 2017.
  • You may close your account prior to the closing date by contacting your Investment Relationship Manager, calling us at 800-637-1380 or writing to Northern Institutional Funds at P.O. Box 75986, Chicago, IL 60675-5986. You may also exchange to any other of the Funds offered by Northern Institutional Funds at no charge.

If you have any questions about the merger of the Fund, please contact your Investment Relationship Manager, or call us at 800-637-1380 weekdays from 7:00 a.m. to 5:00 p.m. Central time.

Investing involves risk including the possible loss of principal.

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Not FDIC insured | May lose value | No bank guarantee

You could lose money by investing in the Portfolio. All purchase and sale activity is being transacted at the Amortized Cost NAV of $1.00. Although the Fund seeks to preserve the value of your investment at $1.00 per share, it cannot guarantee it will do so. An investment in the Portfolio is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The Portfolio's sponsor has no legal obligation to provide financial support to the Portfolio, and you should not expect that the sponsor will provide financial support to the Portfolio at any time.

Please carefully read the summary prospectus or prospectus and consider the investment objectives, risks, charges and expenses of Northern Institutional Funds before investing. Call 800-637-1380 to obtain a summary prospectus or prospectus, which contains this and other information about the Funds.

©2017 Northern Institutional Funds | Northern Institutional Funds are distributed by Northern Funds Distributors, LLC, not affiliated with Northern Trust.