Fixed Income

Limited Term U.S. Government (formerly known as Short-Intermediate U.S. Government)††

Ticker:

NAV AS OF 11/28/23

NSIUX

$9.18
$0.03

FUND LITERATURE

Fact Sheet

Holdings

Commentary

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Summary

If you're a conservative investor who prefers the income and quality offered by government securities, you may find this Fund attractive. It is best suited for income-oriented investors who prefer low risk. Our approach is to select high-quality securities with maturities between two and five years, issued or guaranteed by the U.S. Government, as we aim to manage risk exposure to achieve reasonable returns. The principal value and investment return of the Fund are neither guaranteed or insured by the U.S. Government.

Fund Objective

The Fund seeks to maximize total return (capital appreciation and income) with minimal reasonable risk.

Fund Strategy

Invest primarily in securities issued or guaranteed by the U.S. government or by its agencies.
Select high-quality securities with maturities, under normal circumstances, between two and five years, with risk exposure managed in an effort to achieve reasonable returns.
Buy and sell securities using a relative value approach that employs models that analyze and compare expected returns and assumed risks.

Investor Profile

Risk/Reward Potential

^††Effective February 1, 2022, the fund's name changed from the Short-Intermediate U.S. Government Fund to the Limited Term U.S. Government Fund.

Important risk information can be found on the Portfolio tab.

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 carefully before investing. Call 800-595-9111 to obtain a prospectus and summary prospectus, which contains this and other information about the funds.