An investment in the Money Market Funds is not insured
or guaranteed by the Federal Deposit Insurance Corporation or any other governmental
agency. Although the Funds seek to preserve the value of your investment at $1.00
per share, it is possible to lose money by investing in the Funds.
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.
©2022 Northern Institutional Funds | Northern
Institutional Funds are distributed by Northern Funds Distributors, LLC, not affiliated
with Northern Trust.