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Large Cap Value

 
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TickerNAV AS OF 12/02/16
NOLVX$14.73 $0.00 Same Icon
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Snapshot
For those value-oriented investors who enjoy long-term capital appreciation with the relatively lower risk of large, dividend-paying stocks, this Fund may be ideal for you. Our knowledgeable investment team pursues high total returns by buying stocks when they are out-of-favor and undervalued, and then selling them when they have returned to favor and achieved their full value. The Fund takes a traditional, disciplined approach to value investing - uncovering financially strong, high-yielding stocks that are attractively priced and have the potential for future appreciation.
Fund Objective
Capital Appreciation
Fund Strategy
  • A quantitatively managed strategy designed to provide exposure to value and quality factors.
  • The strategy employs our proprietary quality score to eliminate low-quality securities from our value universe.
  • We then optimize the remaining universe of securities for risk management and diversification goals at the security, sector, and portfolio levels, while giving exposure to securities ranking in the top quintiles of quality and value.
Investor Profile
If you are a value-oriented investor seeking long-term capital appreciation with the relatively lower risks of large, dividend-paying stocks, this Fund may be ideal for you. With its emphasis on relatively low-priced, high-yielding stocks, it can work in tandem with a growth-oriented fund to create a well-balanced, diversified stock portfolio.
Risk/Reward Potential
”Risk/Reward

Fund Literature

 
Important risk information can be found on the Portfolio tab.

 

CUSIP665162632
YTD Total Return14.45% (as of 12/02/16)
Inception Date08/03/00
Total Net Assets$89,998,563 (as of 10/31/16)

Total Returns

Total Returns for Month Ending 10/31/16
 Annualized
    Month   3-Month     YTD  1-Year  3-Year  5-Year  10-Year Since
Incept.
Large Cap Value-1.08%0.00%6.37%2.51%5.28%11.62%3.73%5.62%
Russell 1000 Value Index-1.55%-1.00%8.29%6.37%7.59%13.31%5.35%N/A
Morningstar Cat. Avg.
Large Value
-1.48%-1.05%6.23%3.72%5.78%11.34%4.91%N/A

Total Returns

Total Returns for Quarter Ending 09/30/16
 Annualized
    Month   3-Month     YTD  1-Year  3-Year  5-Year  10-Year Since
Incept.
Large Cap Value-0.14%4.37%7.54%10.29%7.38%14.57%4.17%5.72%
Russell 1000 Value Index-0.21%3.48%10.00%16.20%9.70%16.15%5.85%6.59%
Morningstar Cat. Avg.
Large Value
-0.19%3.70%7.84%13.08%7.70%14.02%5.40%N/A
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 0.55%. 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, 2017 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 Value1.09%0.57%
Includes contractual expense reimbursements that, if not extended, will end on July 31, 2017. The Fund also includes voluntary expense reimbursements that may change or end at any time.

Calendar Year Returns

 
       2015      2014      2013      2012      2011
Large Cap Value-5.98%10.61%35.59%13.85%-8.91%
Russell 1000 Value Index-3.83%13.45%32.53%17.51%0.39%
Morningstar Category Avg. Large Value-4.05%10.21%31.21%14.57%-0.75%
Performance quoted represents past performance and does not guarantee future results.
Important risk information can be found on the Portfolio tab.

 

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Portfolio Composition
   
Top 10 HoldingsFund
Pfizer Inc3.1%
Citigroup Inc3.0%
Chevron Corp2.6%
Wal-Mart Stores Inc2.5%
Merck & Co Inc2.4%
Johnson & Johnson2.3%
Berkshire Hathaway Inc Class B2.1%
General Electric Co2.1%
Goldman Sachs Group Inc2.1%
ConocoPhillips2.0%
% of Portfolio24.2%
As of 10/31/16
Sector WeightingsFund   Benchmark
Financials23.7%24.4%
Energy12.3%13.3%
Health Care11.9%11.1%
Information Technology11.3%9.9%
Industrials8.9%9.8%
Consumer Staples7.7%8.9%
Utilities7.0%6.6%
Consumer Discretionary6.0%4.6%
Real Estate5.6%4.9%
Materials2.9%2.8%
Telecommunication Services2.7%3.7%
TOTAL100.0%100.0%
As of 10/31/16
Risk Characteristics*Large Cap ValueRussell 1000 Value Index
Beta1.041.00
Up Market Capture94.58100.00
Down Market Capture109.75100.00
Information Ratio–1.080.00
*Above risk characteristics are based on a 3-year time period
   
DateHoldings File
As of 09/30/16Insert Icon
As of 06/30/16Insert Icon

Fund Characteristics

Number of Holdings141
Portfolio Turnover60.22% (as of 03/31/16)
Dividend ScheduleAnnually
Dividend Income Last QuarterN/A
Capital Gain Income Last QuarterN/A
Weighted Average Market Cap ($Mil)$94,030
BenchmarkRussell 1000 Value Index
Morningstar CategoryLarge Value
Trailing 12-Month Price-to-Earnings Ratio
Fund17.24
Benchmark18.28
Price-to-Book Ratio
Fund1.58
Benchmark1.81
Historical 5-Year Earnings Growth
Fund6.42
Benchmark6.47
Asset Allocation 
Stocks99.1%
Cash0.9%
TOTAL100.0%
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.
Value Risk: Value-based investments are subject to the risk that the broad market may not recognize their intrinsic value.

Russell 1000® Value Index is an unmanaged index measuring the performance of those companies included in the Russell 1000 Index having lower price-to-book ratios and forecasted growth values. It is not possible to invest directly in an index.

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Sridhar Kancharla, CFA<sup>&reg;</sup>

Sridhar Kancharla, CFA®

Portfolio Manager

Northern Large Cap Value Fund (NOLVX)

With Northern Trust Since 2007
Began Career in 2002

Sridhar Kancharla, Vice President of Northern Trust, is a Senior Portfolio Manager and Researcher in the Quantitative Active Equity Team. He is responsible for research and implementation of several large/small cap quantitative equity strategies. Currently, he is a co-manager of the Large Cap Value fund.

Prior to joining Northern Trust in 2007, Mr. Kancharla was a senior software engineer at Grossman & Associates responsible for developing industry leading commodity management and accounting software deployed at multi-billion dollar grain companies throughout North America.

Mr. Kancharla received a B.S. in computer science and mathematics from the University of Illinois at Urbana-Champaign. He is an active CFA® charterholder, a member of the CFA Institute and the CFA Society Chicago.

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Mark C. Sodergren, CFA<sup>&reg;</sup>

Mark C. Sodergren, CFA®

Portfolio Manager

Northern Large Cap Core Fund (NOLCX)
Northern Large Cap Value Fund (NOLVX)

With Northern Trust Since 2007
Began Career in 1995

Mark C. Sodergren, Senior Vice President of Northern Trust, is Head of the Quantitative Active Equity team responsible for research and implementation of several quantitative equity strategies. He currently manages the Northern Large Cap Core Fund and Northern Large Cap Value Fund.

Before joining Northern Trust in 2007, Mr. Sodergren was a portfolio manager at Barclays Global Investors focused on active U.S. large cap strategies. Prior to this, he spent six years at Citigroup Asset Management as a portfolio manager and researcher focused on both active international and domestic portfolios.

Mr. Sodergren received a B.A. in quantitative economics and decision sciences from the University of California, San Diego and an MBA from the University of Chicago. He is an active CFA® charterholder and member of the Chicago Quantitative Alliance.

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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.

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