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.
†Effective
February 1, 2022, the fund's name changed from the Short-Intermediate Tax-Exempt Fund
to the Limited Term Tax-Exempt Fund.
††Effective
February 1, 2022, the fund's name changed from the Short-Intermediate U.S. Government
Fund to the Limited Term U.S. Government Fund.
†††Effective
September 13, 2022, the Northern Funds Ultra Short Fixed Income Fund (“Fund”)
launched a new share class known as the Siebert Williams Shank Shares Class (“SWS
Class”). Prior to September 13, 2022, there were no SWS Class shares outstanding
for the Fund and therefore the SEC Yield w/ Waivers and the SEC Yield w/o Waivers
information for SWS Class is not available. For this reason, the SEC Yield information
shown is for the Fund’s Shares Class, with an inception date of June 18, 2009.
Please refer to the Fund’s current prospectus for further 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, 2023.
**Effective July 30, 2020, Class K and Class I replaced the
Fund’s predecessor Shares Class (“Shares Class”). For periods starting
July 30, 2020, the Fund’s performance returns are shown for Class K and Class
I. The Fund’s performance returns prior to July 30, 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 30, 2020, Class K and Class I replaced the Fund’s
predecessor Shares Class (“Shares Class”). For periods starting July 30,
2020, the Fund’s performance returns are shown for Class K and Class I. The
Fund’s performance returns prior to July 30, 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 30, 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 30, 2020 and August
21, 2020, respectively. For Class I, the performance return from July 30, 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 30, 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.
*****Effective September 13, 2022,
the Northern Funds Ultra Short Fixed Income Fund (“Fund”) launched a new
share class known as the Siebert Williams Shank Shares Class (“SWS Class”).
Prior to September 13, 2022, there were no SWS Class shares outstanding for the Fund
and therefore performance information for SWS Class shares is not available. For this
reason, the performance information shown is for the Fund’s Shares Class, with
an inception date of June 18, 2009. The Fund’s SWS Class would have similar
annual returns when compared with the Fund’s Shares Class because both classes
are invested in the same portfolio of securities. The annual returns of the Shares
Class would differ from those of SWS Class only to the extent that the classes do
not have the same expenses. Please refer to the Fund’s current prospectus for
further information.
The 7-Day SEC Yield is an annualized yield 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 does 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 include
capital gains, if any. The subsidized yields reflect any voluntary and contractual
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 and contractual 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. 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 carefully before investing. Call 800-595-9111 to obtain a summary
prospectus or prospectus, which contains 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.
©2022 Northern Funds | Northern Funds are distributed
by Northern Funds Distributors, LLC, not affiliated with Northern Trust.
**