*Northern Equity Funds include contractual expense
reimbursements that if not extended, will end on July 31, 2021.
**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.
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.
Share price change reflects the change in share price
from the previous day.