Multi-Manager Global Real Estate
NAV AS OF 01/14/21
The Multi-Manager Global Real Estate Fund may be a good choice for those long-term investors looking to diversify their portfolio by pursuing the growth potential of global real estate. Our approach blends specialist managers from a broad universe of external global real estate managers into a single fund. Each Sub-Adviser acts independently from the others and utilizes its own distinct investment style in selecting securities while seeking long-term capital appreciation and current income.
Capital Appreciation and Current Income
- Invest at least 80% of net assets in global real estate equities, primarily in real estate investment trusts (REITs).
- Select complementary managers from a broad universe of investment managers.
- Blend managers into a single fund in an effort to provide an attractive combination of risk/return.
If you're a long-term investor looking to diversify your investments by pursuing
the growth potential of global real estate, then this Fund may be right for you. It
is intended for investors who are aware that foreign markets may involve additional
risks, such as social and political instability, reduced market liquidity and currency
Investing in real estate equities involves special risks linked to the real estate market, including declines in the value of real estate, changes in the value of the underlying property, and defaults by borrowers. Foreign investing entails the risk that returns may be reduced by currency fluctuations.
2% on shares sold or exchanged within 30 days of purchase
Sub-Advisers and Allocations subject to change at any time.
|SUB-ADVISER||TARGET ALLOCATION*||ROLE IN PORTFOLIO|
|Massachusetts Financial Services Company||60%||High conviction, value-oriented portfolio with a quality bias. Bottom-up, fundamental driven portfolio focused on cash flow and NAV per share growth. Seeks companies where these characteristics are underappreciated, or developing, with the expectation they should outperform over the long run.|
|Janus Capital Management LLC**||40%||High active share manager focused on taking meaningful active positions in their highest conviction ideas. Expected high up-market capture ratio. Seeks relative value in companies with quality properties, management acumen and financial strength.|
**On September 4, 2020, Janus Capital Management, LLC replaced Brookfield Investment Management, Inc. as a sub-adviser to the Northern Multi-Manager Global Real Estate Fund.
Important risk information can be found on the Portfolio tab.
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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