Northern Trust Asset Management Ranks Fourth in Barron’s Best Fund Families of 2025

CHICAGO — Northern Trust Asset Management, a leading global investment management firm with US$1.4 trillion in assets under management as of December 31, 2025, was recognized among the top fund families of 2025 by Barron’s. Northern Trust Asset Management ranked fourth overall and fifth in the general equity category out of 46 fund families for the one-year period ending December 31, 2025.

“Recognition as a Barron’s top fund family underscores the strength of our investment philosophy and our commitment to client outcomes,” said Anwiti Bahuguna, Ph.D., Global Co-Chief Investment Officer of Northern Trust Asset Management. “We believe risk-aware active management, grounded in deep research, is essential to helping clients navigate complex and evolving markets.”

“This ranking reflects the collective expertise of our investment teams and their focus on building resilient portfolios designed to deliver strong outcomes for clients across market environments,” said Christian Roth, CFA, Global Co-Chief Investment Officer of Northern Trust Asset Management. “Our approach remains centered on delivering long-term value while staying true to our clients’ objectives.”

Barron’s Best Fund Families 2025, 2/26/26. Inclusive of the Northern Funds family of mutual funds only. Selection methodology detailed below. Past performance is not indicative of future results.

Over previous periods, Northern Trust Asset Management ranked 42 out of 47 fund families over one year, 31 out of 42 fund families over five years and 40 out of 42 fund families over ten years.

How Barron’s Ranks the Fund Families

To be included in the ranking, firms must have offered at least three actively managed mutual funds or active exchange-traded funds in Lipper’s general U.S. stock category, one in world equity, one mixed-asset, at least two taxable bond funds and one national tax-exempt bond fund. All funds on the list must have a track record of at least one year. Each fund’s performance is measured against all of the other funds in its LSEG Lipper category, with a percentile ranking of 100 being the highest and one the lowest. This result is then weighted by asset size, relative to the fund family’s other assets in its general classification. Read more for additional information about Barron’s ranking methodology.

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.

Investing involves risk including the risk of principal loss. The Northern funds' principal investment risks include market risk, management risk, investment style risk, and sector risk. For additional information about these and other fund risks, please refer to the "Principal Investment Risks" section of the prospectus.

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

NOT FDIC INSURED    |  MAY LOSE VALUE  |   NO BANK GUARANTEE

About Northern Trust Asset Management

Northern Trust Asset Management is a global investment manager that helps investors navigate changing market environments in efforts to realize their long-term objectives. Entrusted with $1.4 trillion in assets under management as of December 31, 2025, we understand that investing ultimately serves a greater purpose and believe investors should be compensated for the risks they take — in all market environments and any investment strategy. That’s why we combine robust capital markets research, expert portfolio construction and comprehensive risk management in an effort to craft innovative and efficient solutions that seek to deliver targeted investment outcomes. As engaged contributors to our communities, we consider it a great privilege to serve our investors and our communities with integrity, respect and transparency.

Northern Trust Asset Management is composed of Northern Trust Investments, Inc., Northern Trust Global Investments Limited, Northern Trust Fund Managers (Ireland) Limited, Northern Trust Global Investments Japan, K.K., NT Global Advisors, Inc., 50 South Capital Advisors, LLC, Northern Trust Asset Management Australia Pty Ltd, and investment personnel of The Northern Trust Company of Hong Kong Limited and The Northern Trust Company.

About Northern Trust

Northern Trust Corporation (Nasdaq: NTRS) is a leading provider of wealth management, asset servicing, asset management and banking services to corporations, institutions, affluent families and individuals. Founded in Chicago in 1889, Northern Trust has a global presence with offices in 24 U.S. states and Washington, D.C., and across 22 locations in Canada, Europe, the Middle East and the Asia-Pacific region. As of December 31, 2025, Northern Trust had assets under custody/administration of US$18.7 trillion, and assets under management of US$1.8 trillion. For more than 135 years, Northern Trust has earned distinction as an industry leader for exceptional service, financial expertise, integrity and innovation. Visit us on northerntrust.com. Follow us on Instagram @northerntrustcompany or Northern Trust on LinkedIn.

Northern Trust Corporation, Head Office: 50 South La Salle Street, Chicago, Illinois 60603 U.S.A., incorporated with limited liability in the U.S. Global legal and regulatory information can be found at https://www.northerntrust.com/terms-and-conditions.

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