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|The Active M U.S. Equity Fund may be a good choice for those long-term investors looking to diversify their investments by pursuing the growth potential of U.S. company stocks. Our approach blends a "multi-manager" structure whereby the Fund's assets are allocated to one or more Sub-Advisers, in percentages determined at the discretion of the Investment Adviser. These managers, who have distinct investment styles and strategies, will invest primarily in securities whose market capitalizations at the time of purchase is similar to that of companies in the Russell 3000® Index.
|If you are a long-term investor looking to diversify your investments by pursuing the growth potential of U.S. company stocks, then this Fund might be right for you. It is intended for investors who are aware that small and mid-sized company stocks are generally riskier than large-company stocks due to greater volatility and less liquidity.|
Sub-Advisers and Allocations subject to change at any time.
|YTD Total Return||1.28%
|Total Net Assets||$597,351,095 (as of 01/31/18)|
|Month|| ||YTD|| ||3-Year||5-Year|| || Since
|Active M U.S. Equity||4.94%||9.04%||4.94%||22.01%||N/A||N/A||N/A||18.69%|
|Russell 3000 Index||5.27%||9.55%||5.27%||25.16%||N/A||N/A||N/A||22.65%|
|Morningstar Cat. Avg.|
|Month|| ||YTD|| ||3-Year||5-Year|| || Since
|Active M U.S. Equity||1.16%||4.93%||17.44%||17.44%||N/A||N/A||N/A||16.30%|
|Russell 3000 Index||1.00%||6.34%||21.13%||21.13%||N/A||N/A||N/A||20.16%|
|Morningstar Cat. Avg.|
|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 Trust Investments, Inc. has contractually agreed to reimburse a portion of the operating expenses of the Fund (other than certain excepted expenses, i.e., acquired fund fees and expenses; the compensation paid to each Independent Trustee of the Trust; expenses of third party consultants engaged by the Board of Trustees; membership dues paid to the Investment Company Institute and Mutual Fund Directors Forum; expenses in connection with the negotiation and renewal of the revolving credit facility; and extraordinary expense and interest) to the extent the "Total Annual Fund Operating Expenses" exceed 0.66%. The "Total Annual Fund Operating Expenses After Expense Reimbursement" may be higher than the contractual limitation as a result of the excepted expenses, including but not limited to acquired fund fees and expenses, that are not reimbursed. This contractual limitation may not be terminated before July 31, 2018 without the approval of the Board of Trustees. In the absence of fee waivers, yield, total return, growth since inception and dividends would have been reduced. Total return is based on net change in NAV assuming reinvestment of distributions.
|Gross Expense Ratio||Net Expense Ratio‡|
|Active M U.S. Equity||0.73%||0.68%|
|‡Includes contractual expense reimbursements that, if not extended, will end on July 31, 2018. The Fund also includes voluntary expense reimbursements that may change or end at any time.|
|Active M U.S. Equity||17.44%||N/A|
|Russell 3000 Index||21.13%||N/A|
|Morningstar Category Avg. Large Blend||20.44%||N/A|
|Inception date of the Fund is 5/5/2016
Performance quoted represents past performance and does not guarantee future results.
|Top 10 Holdings||Fund|
|Cisco Systems Inc||3.0%|
|Adobe Systems Inc||1.8%|
|Molson Coors Brewing Co Class B||1.6%|
|Alphabet Inc Class C||1.5%|
|% of Portfolio||19.7%|
|Risk Characteristics*||Active M U.S. Equity||Russell 3000 Index|
|Up Market Capture||N/A||N/A|
|Down Market Capture||N/A||N/A|
|*||Above risk characteristics are based on a 3-year time period|
|Number of Holdings||197|
|Portfolio Turnover||15.49% (as of 03/31/17)*|
|Dividend Income Last Quarter||$0.0382|
|Capital Gain Income Last Quarter||$0.0875|
|Weighted Average Market Cap ($Mil)||$113,051|
|Benchmark||Russell 3000 Index|
|Morningstar Category||Large Blend|
|*Inception date of the Fund is May 5, 2016.|
|Trailing 12-Month Price-to-Earnings Ratio|
|Historical 5-Year Earnings Growth|
Northern Active M U.S. Equity Fund (NMUSX)
Northern Active M Emerging Markets Equity Fund (NMMEX)
Northern Active M International Equity Fund (NMIEX)
Northern Engage360TM Fund (NENGX)
Northern Multi-Manager Emerging Markets Debt Opportunity Fund (NMEDX)
Northern Multi-Manager Global Listed Infrastructure Fund (NMFIX)
Northern Multi-Manager Global Real Estate Fund (NMMGX)
Northern Multi-Manager High Yield Opportunity Fund (NMHYX)
With Northern Trust Since 2004
Began Career in 1993
Christopher E. Vella, CFA®, is Senior Vice President of Northern Trust's Multi-Manager Solutions Practice. He is Chief Investment Officer with responsibility for manager research and portfolio construction processes across Northern Trust's Multi-Manager Solutions Practice. He is responsible for the global manager research platform, consisting of approximately $95B in assets across 200 investment strategies. He manages a team of approximately 25 investment professionals across all traditional asset classes. The team covers all external manager relationships on behalf of Northern Trust's private and institutional clientele.
Prior to joining Northern Trust in 2004, Mr. Vella was a founding member of Goldman Sach's external manager business which consists of institutional and private client assets. While at Goldman, he managed the international and emerging markets equity team. Prior to Goldman Sachs, Mr. Vella spent close to 6 years at SEI Investments working primarily on international equity and emerging markets equity manager research. He has over 20 years of manager research and multi-manager portfolio construction experience.
Mr. Vella received a B.S. magna cum laude in finance with a minor in applied mathematics from Lehigh University and was elected into the Phi Beta Kappa honor society. He is a member of the New York Society of Financial Analysts. He is an active CFA® charterholder.
Not FDIC insured | May lose value | No bank guarantee
Please carefully read the prospectus and summary prospectus and consider the investment objectives, risks, charges and expenses of Northern Funds before investing. Call 800-595-9111 to obtain a prospectus and summary prospectus, which contains this and other information about the funds.
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