Performance quoted represents past performance
and does not guarantee future results. Investment return and principal value will
fluctuate so that shares, when redeemed, may be worth more or less than their original
cost. Current performance may be lower or higher than that shown here.
Northern Money Market Funds include contractual expense
reimbursements that if not extended, will end on July 31, 2021.
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
**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 9, 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
Since-inception returns for funds less than one year
old are not annualized.
You could lose money by investing in the Money
Market Funds. Although each of the Money Market Funds seeks to preserve the value
of your investment at $1.00 per share, it cannot guarantee it will do so. The Funds’
sponsor has no legal obligation to provide financial support to the Funds, and you
should not expect that the sponsor will provide financial support to the Funds at
The Money Market Fund and the Municipal Money Market Fund may
impose a fee upon the sale of your shares or may temporarily suspend your ability
to sell shares if the Fund’s liquidity falls below required minimums because
of market conditions or other factors.
An investment in a Fund is not
a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance
Corporation (“FDIC”), any other government agency, or The Northern Trust
Company, its affiliates, subsidiaries or any other bank.
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.