Skip to content

Funds and Performance

Updated Daily As of 07/23/21 Unless Otherwise Noted
Effective December 1, 2019, the U.S. Government Select Portfolio instituted a voluntary expense reimbursement of 2 basis points. This may change at any time.

**The Board of Trustees of Northern Institutional Funds (the “Trust”) has determined, after consideration of a number of factors, that it is in the best interests of the Municipal Portfolio (the “Portfolio”) and its shareholders that the Portfolio be liquidated and terminated. The portfolio was liquidated after the close of business on February 12, 2021 pursuant to a plan of liquidation approved by the Board. Please contact the Northern Institutional Funds Center at 800-637-1380 if you have any questions.

The 7-Day SEC Yield is an annualized yields based on the most recent 7-day period. The 7-day SEC Yield more closely reflects the current earnings of the Fund than the total return quotation. The 7-Day SEC Yield is calculated in accordance with SEC requirements and do not include capital gains. At times, the 7-Day SEC Yield may differ from the actual distribution rate of a Fund because of the exclusion of distributed capital gains. The 1-Daily Yield and 7-Day Yield includes capital gains, if any. The subsidized yields reflect any voluntary reimbursement or waivers that may be in effect for all of a period shown. Unsubsidized yields reflect the performance of a Fund if any voluntary waivers had not been in place during the period shown.

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. Siebert Williams Shank and Co., LLC, is not affiliated with Northern Funds Distributors, LLC or Northern Trust.

Northern Trust Investments, Inc. has contractually agreed to reimburse a portion of the operating expenses of the Portfolio to the extent the Portfolio's "Total Annual Portfolio Operating Expenses" exceed a percentage limit. This contractual limitation, for each of the funds listed, may not be terminated without the approval of the Board of Trustees before April 1, 2022. In the absence of these reimbursements, 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. The 7-day current yield more closely reflects the current earnings of the Portfolio than the total returns. The Portfolios also include voluntary expense reimbursements to prevent a negative yield that may change or end at any time.

Not FDIC insured | May lose value | No bank guarantee

You could lose money by investing in the Portfolio/Fund. All purchase and sale activity is being transacted at the Amortized Cost NAV of $1.00. Although the Portfolio/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/Fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The Portfolio’s/Fund’s sponsor has no legal obligation to provide financial support to the Portfolio/Fund, and you should not expect that the sponsor will provide financial support to the Portfolio/ Fund 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.

Shares of the Northern Institutional Funds are offered only by a current Prospectus and are intended solely for persons to whom shares of US registered funds may be sold. This site shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of shares of the Northern Institutional Funds in any jurisdiction in which such offer, solicitation or sale would be unlawful.

©2021 Northern Institutional Funds | Northern Institutional Funds are distributed by Northern Funds Distributors, LLC, not affiliated with Northern Trust.