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Money Market

Money Market

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NAV AS OF

NORXX

FUND LITERATURE

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Summary

Important Change To The Northern Funds Money Market Fund

The Board of Trustees (the “Board”) of Northern Funds (the “Trust”) has approved a Plan of Reorganization, which is the reorganization of the Money Market Fund, a series of the Trust (the “Acquired Fund”), with and into the U.S. Government Money Market Fund, also a series of the Trust (the “Acquiring Fund” and, together with the Acquired Fund, the “Funds”). The Board concluded that the reorganization would be in the best interests of each Fund and their shareholders and shareholders’ interests will not be diluted as a result of the reorganization.

At a special shareholder meeting dtd March 31, 2021, The Plan of Reorganization was submitted to shareholders of the Acquired Fund and approved. The reorganization was effected as of the close of business on April 9, 2021 and pursuant to the Plan that provides for the reorganization. Please contact the Northern Funds Center at 800-595-9111 if you have any questions.