Performance quoted represents past performance
and does not guarantee future results. Investment return will fluctuate. Shares, when
redeemed, may be worth more or less than their original cost. Current performance
may be lower or higher than that shown here. The current yield more closely reflects
the current earnings of the Fund than the total return. Performance would have been
lower in the absence of fee waivers in effect. Select a Fund to view the most recent
month-end performance information.
+Total Returns for the periods include
$8.4 million related to antitrust settlement proceeds. Absent these proceeds, the
total returns would have been lower.
*Northern Equity, Fixed Income and Money Market Funds
include contractual expense reimbursements that if not extended, will end on July
31, 2022.
**Effective July 31, 2020, Class K and Class I replaced the
Fund’s predecessor Shares Class (“Shares Class”). For periods starting
July 31, 2020, the Fund’s performance returns are shown for Class K and Class
I. The Fund’s performance returns prior to July 31, 2020 are shown for the Shares
Class, which had an inception date of March 5, 2008. The performance of the Fund’s
Shares Class has not been adjusted to reflect the expenses applicable to Class K or
Class I shares since the classes have different expense ratios than the expense ratio
of the Shares Class. The expenses applicable to the Fund’s Class K and Class
I shares are lower than the expenses applicable to the Shares Class. Excluding the
effect of any fees, expenses, fee waivers or reimbursements, the performance of the
Fund’s Class K shares and Class I shares would have annual returns substantially
similar to those of Shares Class because the classes invest in the same portfolio
of securities. Please refer to the current prospectus for further information.
***Effective July 31, 2020, Class K and Class I replaced the Fund’s
predecessor Shares Class (“Shares Class”). For periods starting July 31,
2020, the Fund’s performance returns are shown for Class K and Class I. The
Fund’s performance returns prior to July 31, 2020 are shown for the Shares Class,
which had an inception date of September 30, 2009. The performance of the Fund’s
Shares Class has not been adjusted to reflect the expenses applicable to Class K or
Class I shares since the classes have different expense ratios than the expense ratio
of the Shares Class. The expenses applicable to the Fund’s Class K and Class
I shares are lower than the expenses applicable to the Shares Class. Excluding the
effect of any fees, expenses, fee waivers or reimbursements, the performance of the
Fund’s Class K shares and Class I shares would have annual returns substantially
similar to those of Shares Class because the classes invest in the same portfolio
of securities. Please refer to the current prospectus for further information.
****Effective July 31, 2020, Class K and Class I replaced the Fund’s
predecessor Shares Class (“Shares Class”). The Fund’s performance
returns are shown for Class K and Class I for periods starting July 31, 2020 and August
21, 2020, respectively. For Class I, the performance return from July 31, 2020 through
August 20, 2020 reflects the performance and expenses of the Fund’s Class K
shares. Class K and Class I would have similar returns because each class is invested
in the same portfolio of securities. The Fund’s performance returns prior to
July 31, 2020 are shown for the Shares Class, which had an inception date of October
2, 2017. The performance of the Fund’s Shares Class has not been adjusted to
reflect the expenses applicable to Class K or Class I shares since the classes have
different expense ratios than the expense ratio of the Shares Class. The expenses
applicable to the Fund’s Class K and Class I shares are lower than the expenses
applicable to the Shares Class. Excluding the effect of any fees, expenses, fee waivers
or reimbursements, the performance of the Fund’s Class K shares and Class I
shares would have annual returns substantially similar to those of Shares Class because
the classes invest in the same portfolio of securities. Please refer to the current
prospectus for further information.
*****The Board of Trustees (the “Board”)
of Northern Funds (the “Trust”) has determined, after consideration of
a number of factors, that it is in the best interests of the Municipal Money Market
Fund (the “Fund”) and its shareholders that the Fund 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
Funds Center at 800-595-9111 if you have any questions.
******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 12, 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.
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.
You could lose money by investing
in the Fund. All purchase and sale activity is being transacted at the Amortized Cost
NAV of $1.00. Although the Fund seeks to preserve the value of your investment at
$1.00 per share, it cannot guarantee it will do so. For NF Money Market Fund and NF
Municipal Money Market Fund, the Fund may impose a fee upon sale of your shares or
may temporarily suspend your ability to sell shares if a Fund’s liquidity falls
below required minimums because of market conditions or other factors. An investment
in the Fund is not insured or guaranteed by the Federal Deposit Insurance Corporation
or any other government agency. The Fund’s sponsor has no legal obligation to
provide financial support to the Fund, and you should not expect that the sponsor
will provide financial support to the Fund at any time.
Total return is based on net change in NAV, assuming
reinvestment of all distributions.
Since-inception returns for funds less than one year
old are not annualized.
The 30-day SEC yield w/waivers represents
the annualization of the Fund's net investment income, excluding capital gain income
and includes contractual expense reimbursements. It would be lower without those reimbursements.
Negative 30-Day SEC Yield results when accrued expenses of the past 30 days exceed
the income collected during the past 30 days.
The 30-day SEC yield w/o waivers
represents the annualization of the Fund's net investment income, excluding capital
gain income and excludes contractual expense reimbursements, resulting in a lower
yield. Negative 30-Day SEC Yield results when accrued expenses of the past 30 days
exceed the income collected during the past 30 days.
Not FDIC insured | May lose value | No bank guarantee
An investment in Northern Funds involves risks, including
possible loss of principal.
Please carefully read the summary prospectus
or prospectus and consider the investment objectives, risks, charges and expenses
of Northern Funds before investing. Call 800-595-9111 to obtain a summary prospectus
or prospectus. The summary prospectus and prospectus contain this and other information
about the Funds.
Shares of the Northern 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 Funds in
any jurisdiction in which such offer, solicitation or sale would be unlawful.
©2021 Northern Funds | Northern Funds are distributed
by Northern Funds Distributors, LLC, not affiliated with Northern Trust.