*Northern Equity Funds include contractual expense
reimbursements that if not extended, will end on July 31, 2020.
**The inception
date of Fund’s Class K shares and Class I shares was July 31, 2020. For periods
starting July 31, 2020, the Fund’s performance returns are shown for Class K
shares. The Fund’s performance returns prior to July 31, 2020 are shown for
its predecessor share class (“Shares class”). 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 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 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.
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.
Share price change reflects the change in share price
from the previous day.