Please be advised you are now leaving the Northern Funds section and being directed to a site maintained by Northern Trust. Please click OK to continue.
Northern Trust Logo
Equity Active

Large Cap Equity

TickerNAV AS OF 10/05/15
NOGEX$21.46 $0.37 Arrow Up Icon

Find A Fund

Search go
  • Snapshot
  • Performance
  • Portfolio
  • Management
  • Fund Documents
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.

Fund Objective
Capital Appreciation
Fund Strategy
  • Combine forward looking fundamental stock analysis and intelligent portfolio construction with the goal of providing consistent returns over time.
  • Actively manage risk levels to be commensurate with performance objectives and avoid unintended risks.
  • Maintain a core-style fund that invests primarily in large-cap stocks with some mid-cap exposure.
Investor Profile
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.
Risk/Reward Potential

Fund Literature

Important risk information can be found on the Portfolio tab.
YTD Total Return-1.38% (as of 10/05/15)
Inception Date04/01/94
Total Net Assets$135,142,042 (as of 08/31/15)

Total Returns

Total Returns for Month Ending 08/31/15
    Month   3-Month     YTD  1-Year  3-Year  5-Year  10-Year Since
Large Cap Equity-6.10%-5.67%-1.25%1.06%12.56%15.07%6.54%7.80%
S&P 500 Index-6.03%-5.92%-2.88%0.48%14.31%15.87%7.15%N/A
Morningstar Cat. Avg.
Large Blend

Total Returns

Total Returns for Quarter Ending 06/30/15
    Month   3-Month     YTD  1-Year  3-Year  5-Year  10-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%N/A
Morningstar Cat. Avg.
Large Blend
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.

Annual Expense Ratios

 Gross Expense RatioNet Expense Ratio
Large Cap Equity0.98%0.86%
Includes contractual expense reimbursements that, if not extended, will end on July 31, 2016.

Calendar Year Returns

       2014      2013      2012      2011      2010
Large Cap Equity10.43%29.53%19.63%-2.23%15.15%
S&P 500 Index13.69%32.39%16.00%2.11%15.06%
Morningstar Category Avg. Large Blend10.96%31.50%14.96%-1.27%14.01%
Performance quoted represents past performance and does not guarantee future results.
Important risk information can be found on the Portfolio tab.
Portfolio Composition
Top 10 HoldingsFund
Apple Inc5.0%
JP Morgan Chase & Co4.0%
Citigroup Inc3.7%
Wells Fargo & Co3.3%
Google Inc Class C3.2%
CVS Health Corp2.8%
General Electric Co2.8%
Express Scripts Holding Co2.6%
MetLife Inc2.5%
EMC Corp2.4%
% of Portfolio32.3%
As of 08/31/15
Sector WeightingsFundBenchmark
Information Technology22.3%20.1%
Consumer Discretionary17.8%12.9%
Health Care16.4%15.2%
Consumer Staples6.3%9.7%
Telecommunication Services0.0%2.4%
As of 08/31/15
Risk Characteristics*Large Cap EquityS&P 500 Index
Up Market Capture95.51100.00
Down Market Capture107.15100.00
Information Ratio–0.740.00
*Above risk characteristics are based on a 3-year time period
DateHoldings File
As of 06/30/15Insert Icon
As of 03/31/15Insert Icon

Fund Characteristics

Number of Holdings56
Portfolio Turnover20.17% (as of 03/31/15)
Dividend ScheduleQuarterly
Dividend Income Last Quarter$0.0455
Capital Gain Income Last QuarterN/A
Weighted Average Market Cap ($Mil)$135,175
BenchmarkS&P 500 Index
Morningstar CategoryLarge Blend
Trailing 12-Month Price-to-Earnings Ratio
Price-to-Book Ratio
Historical 5-Year Earnings Growth
Asset Allocation 
Equity Risk: Equity securities (stocks) are more volatile and carry more risk than other forms of investments, including investments in high-grade fixed-income securities. The net asset value per share of this Fund will fluctuate as the value of the securities in the portfolio changes.
S&P 500® Index is an unmanaged index consisting of 500 stocks and is a widely recognized common measure of the performance of the overall U.S. stock market. It is not possible to invest directly in an index.
Thomas Wooden, CFA<sup>&reg;</sup>

Thomas Wooden, CFA®

Portfolio Manager

Northern Large Cap Equity Fund (NOGEX)

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.

Christopher Shipley

Christopher Shipley

Portfolio Manager

Northern Large Cap Equity Fund (NOGEX)

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.

CommentaryFact SheetHoldingsSummary ProspectusProspectus    Statement of Additional InformationAnnual ReportSemi Annual Report
CommentaryDownload PDFDownload ExcelDownload PDFDownload PDFDownload PDFDownload PDFDownload PDF
View AllView All View AllView AllView AllView AllView All

Not FDIC insured | May lose value | No bank guarantee

View investment term definitions

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.

©2015 Northern Funds | Northern Funds are distributed by Northern Funds Distributors, LLC, not affiliated with Northern Trust.