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Morningstar Ratings

 
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Overall Morningstar RatingsTM for select Northern Funds as of 1/31/17

 (based on risk-adjusted total return)

Equity Funds
Global Sustainability Index Morningstar Rating
Among 849 world stock funds
Global Tactical Asset Allocation Morningstar Rating
Among 396 world allocation funds
Large Cap Core ”Morningstar
Among 1,095 large value funds
Mid Cap Index ”Morningstar
Among 379 mid-cap blend funds
Small Cap Core ”Morningstar
Among 625 small blend funds
Small Cap Value ”Morningstar
Among 352 small value funds
Stock Index ”Morningstar
Among 1,256 large blend funds
Fixed Income Funds
Arizona Tax-Exempt ”Morningstar
Among 159 municipal single state intermediate funds
California Tax-Exempt ”Morningstar
Among 87 municipal California long funds
Fixed Income Morningstar Rating
Among 856 intermediate-term bond funds
Multi-Manager High Yield Opportunity Morningstar Rating
Among 603 high yield bond funds

The Morningstar RatingTM for funds, or "star rating," is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods. Past performance is no guarantee of future results.

Global Sustainability Index received 4 stars for the 3-year rating among 849 world stock funds and 4 stars for the 5-year rating among 675 funds. The 10-year Morningstar Rating is not available.

Global Tactical Asset Allocation received 4 stars for the 3-year rating among 396 world allocation funds, 4 stars for the 5-year rating among 323 funds and 4 stars for the 10-year rating among 152 funds.

Large Cap Core received 3 stars for the 3-year rating among 1,095 large value funds, 4 stars for the 5-year rating among 937 funds and 4 stars for the 10-year rating among 681 funds.

Mid Cap Index received 4 stars for the 3-year rating among 379 mid-cap blend funds, 4 stars for the 5-year rating among 337 funds and 4 stars for the 10-year rating among 219 funds.

Small Cap Core received 3 stars for the 3-year rating among 625 small blend funds, 3 stars for the 5-year rating among 536 funds and 4 stars for the 10-year rating among 366 funds.

Small Cap Value received 4 stars for the 3-year rating among 352 small value funds, 4 stars for the 5-year rating among 313 funds and 4 stars for the 10-year rating among 199 funds.

Stock Index received 4 stars for the 3-year rating among 1,256 large blend funds, 4 stars for the 5-year rating among 1,108 funds and 4 stars for the 10-year rating among 822 funds.

Arizona Tax-Exempt received 4 stars for the 3-year rating among 159 municipal single state intermediate funds, 4 stars for the 5-year rating among 142 funds and 4 stars for the 10-year rating among 127 funds.

California Tax-Exempt received 3 stars for the 3-year rating among 87 municipal California long funds, 3 stars for the 5-year rating among 74 funds and 4 stars for the 10-year rating among 63 funds.

Fixed Income received 4 stars for the 3-year rating among 856 intermediate-term bond funds, 4 stars for the 5-year rating among 750 funds and 3 stars for the 10-year rating among 541 funds.

Multi-Manager High Yield Opportunity received 4 stars for the 3-year rating among 603 high yield bond funds and 4 stars for the 5-year rating among 478 funds. The 10-year Morningstar Rating is not available.

©2017 Morningstar, Inc. All Rights Reserved. Morningstar and/or its content providers are the proprietors of this information; do not permit its unauthorized copying or distribution; do not warrant it to be accurate, complete or timely; and are not responsible for damages or losses arising from its use.

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Not FDIC insured | May lose value | No bank guarantee

An investment in Northern Funds is not insured by the FDIC, and is not a deposit or obligation of, or guaranteed by The Northern Trust Company or any affiliate. An investment in Northern Funds involves risks, including possible loss of principal.

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.

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.

©2017 Northern Funds | Northern Funds are distributed by Northern Funds Distributors, LLC, not affiliated with Northern Trust.