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Money Market Funds

Updated Daily As of  11/26/21 Unless Otherwise Noted
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, 2022.

+Total Returns for the periods include $8.4 million related to antitrust settlement proceeds. Absent these proceeds, the total returns would have been lower. 

*The Board 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 any questions.

**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 12, 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 period shown.

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 any time.

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

View investment terms definitions

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.