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2015 Qualified Dividends Income and Corporate Dividends-Received Deduction

 
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Income & Capital Gain Distributions
For the 2015 calendar year, 100% of the dividends paid by the fixed income funds is taxable as ordinary income for federal income tax purposes. Listed in this table are the monthly, quarterly or annualized percentages, as applicable, of ordinary income distributed (dividend income plus short-term gain) by the equity funds that can be treated as Qualified Dividend Income (QDI).

Percentage of Dividends Eligible for the Corporate Dividends-Received Deduction
Mutual fund dividends derived from certain domestic corporations may be eligible for the dividends received deduction (DRD) for corporations. A portion of the ordinary income distribution (dividend income plus short-term gain) paid in 2015 by the Funds listed below may qualify for this deduction. The table below shows the portion of monthly, quarterly or annualized, as applicable, of ordinary income distribution (dividend income plus short-term gain) attributable to such domestic corporations for each of the Funds for 2015.

Northern Funds Payment Frequency QDI% DRD%
Emerging Markets Equity Index Annual 67.15% 0.05%
Global Real Estate Index Q1 Quarterly 16.43% 0.00%
Global Real Estate Index Q2 Quarterly 29.96% 0.00%
Global Real Estate Index Q3 Quarterly 19.11% 0.00%
Global Real Estate Index Q4 Quarterly 12.44% 0.00%
Global Sustainability Index Annual 100.00% 47.51%
Global Tactical Asset Allocation Q1 Quarterly 16.99% 21.35%
Global Tactical Asset Allocation Q2 Quarterly 43.32% 13.39%
Global Tactical Asset Allocation Q3 Quarterly 39.23% 18.14%
Global Tactical Asset Allocation Q4 Quarterly 1.45% 18.06%
Income Equity-January Monthly 100.00% 78.58%
Income Equity-February Monthly 100.00% 78.58%
Income Equity-March Monthly 100.00% 78.58%
Income Equity-April Monthly 100.00% 92.18%
Income Equity-May Monthly 100.00% 100.00%
Income Equity-June Monthly 100.00% 100.00%
Income Equity-July Monthly 100.00% 100.00%
Income Equity-August Monthly 100.00% 100.00%
Income Equity-September Monthly 100.00% 100.00%
Income Equity-October Monthly 100.00% 100.00%
Income Equity-November Monthly 100.00% 100.00%
Income Equity-December Monthly 100.00% 100.00%
International Equity Annual 100.00% 2.07%
International Equity Index Annual 100.00% 0.00%
Large Cap Core Q1 Quarterly 100.00% 100.00%
Large Cap Core Q2 Quarterly 100.00% 100.00%
Large Cap Core Q3 Quarterly 100.00% 100.00%
Large Cap Core Q4 Quarterly 100.00% 100.00%
Large Cap Equity Q1 Quarterly 100.00% 64.15%
Large Cap Equity Q2 Quarterly 100.00% 100.00%
Large Cap Equity Q3 Quarterly 100.00% 100.00%
Large Cap Equity Q4 Quarterly 100.00% 100.00%
Large Cap Value Annual 100.00% 100.00%
Mid Cap Index Annual 68.29% 65.73%
Multi-Manager Emerging Markets Equity Annual 100.00% 0.00%
Multi-Manager Global Listed Infrastructure Q1 Quarterly 0.00% 12.07%
Multi-Manager Global Listed Infrastructure Q2 Quarterly 100.00% 13.35%
Multi-Manager Global Listed Infrastructure Q3 Quarterly 100.00% 69.05%
Multi-Manager Global Listed Infrastructure Q4 Quarterly 100.00% 28.51%
Multi-Manager Global Real Estate Q1 Quarterly 29.85% 0.00%
Multi-Manager Global Real Estate Q2 Quarterly 34.41% 0.00%
Multi-Manager Global Real Estate Q3 Quarterly 24.48% 0.00%
Multi-Manager Global Real Estate Q4 Quarterly 0.61% 0.00%
Multi-Manager International Equity Annual 100.00% 2.98%
Multi-Manager Large Cap Q1 Quarterly 100.00% 42.23%
Multi-Manager Large Cap Q2 Quarterly 100.00% 100.00%
Multi-Manager Large Cap Q3 Quarterly 100.00% 100.00%
Multi-Manager Large Cap Q4 Quarterly 46.60% 46.60%
Multi-Manager Mid Cap Annual 100.00% 100.00%
Multi-Manager Small Cap Annual 0.00% 0.00%
Small Cap Core Annual 100.00% 100.00%
Small Cap Index Annual 46.26% 44.38%
Small Cap Value Annual 88.85% 87.27%
Stock Index Q1 Quarterly 100.00% 78.11%
Stock Index Q2 Quarterly 100.00% 97.19%
Stock Index Q3 Quarterly 100.00% 98.45%
Stock Index Q4 Quarterly 75.35% 74.18%
Technology Annual 0.00% 0.00%

 

If you have any questions, contact your Relationship Manager, or call the Northern Funds Center at 800-595-9111 weekdays from 7:00 a.m to 7:00 p.m Central Time.




Not FDIC insured | May lose value | No bank guarantee

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.

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.

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