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|For those investors who are a growth-oriented, moderate-risk taker, this may be the Fund for you. Using fundamental research and quantitative analysis, the investment team buys securities of a broad mix of companies that it believes have favorable characteristics relative to their peers. The companies generally have market capitalizations in excess of $1 billion and the Fund seeks to provide long-term capital appreciation.
|If you are a growth-oriented, moderate-risk investor looking for long-term capital appreciation without concern for current income, you will want to consider this fund as a core holding for your portfolio.|
|YTD Total Return||4.80% (as of 08/03/15)|
|Total Net Assets||$142,906,036 (as of 06/30/15)|
|Month|| ||YTD|| ||3-Year||5-Year|| || Since
|Large Cap Equity||-1.12%||1.55%||3.52%||9.14%||16.31%||16.43%||7.29%||8.10%|
|S&P 500 Index||-1.94%||0.28%||1.23%||7.42%||17.31%||17.34%||7.89%||9.57%|
|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 0.85%. The "Total Annual Fund Operating Expenses After Expense Reimbursement" may be higher than the contractual limitation as a result of the excepted expenses that are not reimbursed. This contractual limitation may not be terminated before July 31, 2016 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‡|
|Large Cap Equity||0.98%||0.86%|
|‡Includes contractual expense reimbursements that, if not extended, will end on July 31, 2016.|
|Large Cap Equity||10.43%||29.53%||19.63%||-2.23%||15.15%|
|S&P 500 Index||13.69%||32.39%||16.00%||2.11%||15.06%|
|Morningstar Category Avg. Large Blend||10.96%||31.50%||14.96%||-1.27%||14.01%|
|Performance quoted represents past performance and does not guarantee future results.|
|Top 10 Holdings||Fund|
|JP Morgan Chase & Co||3.9%|
|Wells Fargo & Co||3.3%|
|Express Scripts Holding Co||3.0%|
|General Electric Co||2.8%|
|CVS Health Corp||2.7%|
|Google Inc Class C||2.5%|
|Baxter International Inc||2.5%|
|% of Portfolio||32.0%|
|Risk Characteristics*||Large Cap Equity||S&P 500 Index|
|Up Market Capture||99.09||100.00|
|Down Market Capture||109.42||100.00|
|*||Above risk characteristics are based on a 3-year time period|
|Number of Holdings||57|
|Portfolio Turnover||20.17% (as of 03/31/15)|
|Dividend Income Last Quarter||$0.0455|
|Capital Gain Income Last Quarter||N/A|
|Weighted Average Market Cap ($Mil)||$139,642|
|Benchmark||S&P 500 Index|
|Morningstar Category||Large Blend|
|Trailing 12-Month Price-to-Earnings Ratio|
|Historical 5-Year Earnings Growth|
With Northern Trust Since 2014
Began Career in 1999
Thomas Wooden, Senior Vice President of Northern Trust, and lead portfolio manager for the Large Cap Core portfolio. He currently co-manages the Large Cap Equity Fund.
Prior to joining Northern Trust in 2014, Mr. Wooden was a portfolio manager at Wells Capital Management, LLC, where he managed the Wells Fargo Core Equities strategies. Prior to this, he was a portfolio manager with Artisan Partners, LLC, where he served as an associate portfolio manager for the mid cap growth strategy and covered the technology and telecommunications, consumer, financials, and industrial industries as an analyst.
Mr. Wooden completed a successful career in the United States Air Force as an F-15 instructor pilot and retired as a Lieutenant Colonel. He received a B.S. in business management from the United States Air Force Academy in Colorado Springs, Colorado. He is an active CFA® charterholder.
With Northern Trust Since 2000
Began Career in 1997
Christopher Shipley, Senior Vice President, is Director of Equity Research for Northern Trust. Mr. Shipley is co-manager of the Northern Large Cap Equity Fund.
Prior to joining Northern Trust in 2000, Mr. Shipley was an investment associate in the Equity Investment division at Allstate Insurance Company, Northbrook Illinois.
Mr. Shipley received a B.S. in finance from Northern Illinois University.
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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