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Multi-Manager Global Listed Infrastructure

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NAV AS OF 09/19/19

NMFIX

$12.48

$0.04

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Summary

The Multi-Manager Global Listed Infrastructure Fund may be a good choice for those long-term investors seeking exposure to infrastructure companies, global diversification of their portfolio, a quarterly dividend and for a Fund which may help lower a portfolio's overall long-term volatility when included as a part of a diversified portfolio. Our approach blends specialist managers from a broad universe of external global 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 total return through both long-term current income and capital appreciation.

Fund Objective

Total return through both income and capital appreciation

Fund Strategy

  • Invest at least 80% of net assets in securities of infrastructure companies listed on a domestic or foreign exchange, normally investing at least 40% (and up to 100%) in infrastructure companies tied to foreign countries, including emerging and frontier markets.
  • 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.

Investor Profile

If you're a long-term investor looking to diversify your investments by pursuing the income and growth potential of globally listed infrastructure securities, 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 volatility.

Redemption Fee

2% on shares sold or exchanged within 30 days of purchase

Risk/Reward Potential

risk reward

Sub-Adviser Allocations

Sub-Advisers and Allocations subject to change at any time.

SUB-ADVISERTARGET ALLOCATION*ROLE IN PORTFOLIO
Maple-Brown Abbott Limited60%Core infrastructure focused on low cash flow volatility, income stability and inflation protection. The strategy is benchmark agnostic and is expected to deliver returns at a lower level of volatility and risk than the benchmark. The portfolio may also invest up to 20% in Master Limited Partnerships.
Lazard Asset Management LLC40%Benchmark agnostic, bottom-up and valuation based approach to identify long-term value in infrastructure companies.
*Actual allocations may vary.

MORNINGSTAR SUSTAINABILITY RATING*
Image of four globes

Among 222 Infrastructure Funds as of 6/30/2019. Based on 98.55% of AUM.

*The Morningstar Sustainability Rating is a measure of how well the companies held by a fund are managing their Environmental, Social and Governance ("ESG") risks and opportunities when compared with similar funds. A fund's Sustainability Rating is assigned in two steps: First, a Morningstar Portfolio Sustainability Score is derived from an asset-weighted average of the underlying company ESG scores with deductions made for holdings involved in controversial incidents. Next, funds are sorted into five normally distributed groups by comparing a fund’s Portfolio Sustainability Score with that of its Morningstar Category peers. The peer groups are assigned as follows: 5 Globe Icons (“High”) = top 10% of funds in an asset category; 4 Globe Icons ("Above Average") = next 22.5% of funds; 3 Globe Icons ("Average") = next 35%; 2 Globe Icons ("Below Average") = next 22.5% and 1 Globe Icon ("Low") = next 10%.

For a portfolio to receive a Morningstar Sustainability Score, at least 50% of its assets must be in one of the more than 4,500 companies covered by Sustainalytics (a research firm which collects ESG data) globally. To receive a Morningstar Sustainability Rating, at least 10 funds in a Morningstar Category must also receive a Portfolio Sustainability Score. The Sustainability Rating is portfolio-based, not performance-based. It should be used alongside traditional risk, return, and style metrics as well as qualitative assessments of a fund's investment process and how well it has been executed over time. Sustainability scores are calculated on a monthly basis and range from 0 to 100, 100 being the best. For more information, visit global.morningstar.com/SustainableInvesting.

As of 6/30/19, the Multi-Manager Global Listed Infrastructure Fund received the following: ESG Score 54.14 – Controversy Score 5.57 which equals a Sustainability score 48.57 (15% category rank; 222 funds) and a Sustainability Rating of 4 Globe Icons (or "Above Average").

 

Important risk information can be found on the Portfolio tab.

Not FDIC insured | May lose value | No bank guarantee

View investment terms definitions

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.

©2019 Northern Funds | Northern Funds are distributed by Northern Funds Distributors, LLC, not affiliated with Northern Trust.