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        • Yields
        • Quarterly Performance
        • Monthly Performance
        • Fund Documents
        Updated Daily as of03/24/23Updated Daily As of 03/24/23 Unless Otherwise Noted
         Updated Monthly
        As of 03/31/19        		Average Monthly Annualized Yields
        Fund Name
        Ticker   CUSIP        		NAV7-Day
        Current Yield
         with Waivers        		7-Day
        Current Yield
          w/o Waivers        		7-Day
        Effective Yield        		Daily
        Yield        		02/2301/2312/22

        NMUXX  665278248        		   1.32%   1.32%      %         
        Municipal
        BMSXX  665278255        		   1.32%   1.32%      %         
        Prime Obligations
        NPAXX  665279204        		   2.53%   2.53%      %         
        Prime Obligations*
        NPCXX  665279303
        *Prime Obligations Service Shares was refunded
        on May 4, 2018.        		   2.53%   2.53%      %         
        Treasury
        NITXX  665279808        		1.00   2.34%   2.34%   4.56%   4.55%   4.29%   4.00%   3.61%
        Treasury
        NTPXX  665279873        		1.00   2.29%   2.29%   4.50%   4.50%   2.26%   2.24%   2.26%
        U.S. Government
        BNGXX  665278404        		1.00   2.26%   2.26%   4.59%   4.58%   4.26%   3.91%   3.50%
        U.S. Government
        BGCXX  665278503        		   2.26%   2.26%      %         
        U.S. Government Select
        BGSXX  665278701        		1.00   2.28%   2.28%   4.68%   4.68%   4.33%   3.94%   3.41%
        U.S. Government Select
        BSCXX  665278800        		1.00   2.28%   2.28%   4.68%   4.68%   4.33%   3.94%   3.41%
        U.S. Government Select
        WCGXX  665279840
        		1.00   2.28%   2.28%   4.68%   4.68%   4.33%   3.94%   3.41%
        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. The Williams Capital Shares are offered exclusively to clients of The Williams Capital Group, L.P. Williams Capital Group, L.P., is not affiliated with Northern Funds Distributors, LLC or Northern Trust.

        Northern Trust Investments, Inc. has contractually agreed to reimburse a portion of the operating expenses of the Portfolio to the extent the Portfolio's "Total Annual Portfolio Operating Expenses" exceed a percentage limit. This contractual limitation, for each of the funds listed, may not be terminated without the approval of the Board of Trustees before April 1, 2020. In the absence of these reimbursements, 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. The 7-day current yield more closely reflects the current earnings of the Portfolio than the total returns. The Portfolio also includes voluntary expense reimbursements to prevent a negative yield that may change or end at any time.
         Average Annual Returns as of 03/31/19Annual Expense Ratios
        Fund Name
        Ticker  CUSIP
        		1-Yr 3-Yr 5-Yr 10-Yr Since
        Inception         		Inception DateGrossNet†,‡

        NMUXX  665278248        		1.32%0.82%0.50%0.29%1.27%12/01/99

        BMSXX  665278255        		1.32%0.82%0.50%0.27%1.10%N/AN/A
        Prime Obligations
        NPAXX  665279204        		2.27%1.35%0.85%0.48%1.40%08/21/030.16% 0.15%
        Prime Obligations*
        NPCXX  665279303
        *Prime Obligations Service Shares was refunded on May 4, 2018.
        **Not annualized. Performance represents the period 05/04/18 through 03/31/19        		N/AN/AN/AN/A2.06%**09/01/03N/AN/A
        Treasury
        NITXX  665279808        		1.99%1.09%0.67%0.35%0.34%11/05/080.16%0.15%
        Treasury
        NTPXX  665279873        		1.93%N/AN/AN/A1.15%08/01/160.21%0.20%
        U.S. Government
        BNGXX  665278404        		1.90%1.00%0.60%0.31%3.34%10/29/850.26%0.25%
        U.S. Government
        BGCXX  665278503        		1.90%1.00%0.60%0.31%1.59%0.26%0.25%
        U.S. Government Select
        BGSXX  665278701        		1.94%1.05%0.64%0.33%2.69%11/07/900.21%0.20%
        U.S. Government Select
        BSCXX  665278800        		1.94%1.05%0.64%0.33%1.62%05/28/990.21%0.20%
        U.S. Government Select
        WCGXX  665279840        		1.94%1.05%N/AN/A0.70%09/15/140.21%0.20%
        †Northern Institutional Funds include contractual expense reimbursements that, if not extended, will end on April 1, 2020. The Northern Institutional Treasury Portfolio also includes a voluntary fee waiver that may change or end at any time.
        ‡Unaudited as of March 31, 2019.
        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. The Williams Capital Shares are offered exclusively to clients of The Williams Capital Group, L.P. Williams Capital Group, L.P., is not affiliated with Northern Funds Distributors, LLC or Northern Trust.

        Northern Trust Investments, Inc. has contractually agreed to reimburse a portion of the operating expenses of the Portfolio to the extent the Portfolio's "Total Annual Portfolio Operating Expenses" exceed a percentage limit. This contractual limitation, for each of the funds listed, may not be terminated without the approval of the Board of Trustees before April 1, 2020. In the absence of these reimbursements, 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. The 7-day current yield more closely reflects the current earnings of the Portfolio than the total returns. The Portfolio also includes voluntary expense reimbursements to prevent a negative yield that may change or end at any time.
         Total Returns as of 03/31/19Annual Expense Ratios
        Fund Name
        Ticker   CUSIP        		Month3-MonthYTDGrossNet†,‡

        NMUXX  665278248        		0.12%0.33%0.33%

        BMSXX  665278255        		0.12%0.33%0.33%N/AN/A
        Prime Obligations
        NPAXX  665279204        		0.21%0.63%0.63%0.16% 0.15%
        Prime Obligations*
        NPCXX  665279303
        *Prime Obligations Service Shares was refunded on May 4, 2018.        		0.21%0.63%0.63%N/AN/A
        Treasury
        NITXX  665279808        		0.20%0.57%0.57%0.16%0.15%
        Treasury
        NTPXX  665279873        		0.19%0.56%0.56%0.21%0.20%
        U.S. Government
        BNGXX  665278404        		0.19%0.55%0.55%0.26%0.25%
        U.S. Government
        BGCXX  665278503        		0.19%0.55%0.55%0.26%0.25%
        U.S. Government Select
        BGSXX  665278701        		0.19%0.56%0.56%0.21%0.20%
        U.S. Government Select
        BSCXX  665278800        		0.19%0.56%0.56%0.21%0.20%
        U.S. Government Select
        WCGXX  665279840        		0.19%0.56%0.56%0.21%0.20%
        †Northern Institutional Funds include contractual expense reimbursements that, if not extended, will end on April 1, 2020. The Northern Institutional Treasury Portfolio also includes a voluntary fee waiver that may change or end at any time.
        ‡Unaudited as of March 31, 2019.
        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. The Williams Capital Shares are offered exclusively to clients of The Williams Capital Group, L.P. Williams Capital Group, L.P., is not affiliated with Northern Funds Distributors, LLC or Northern Trust.

        Northern Trust Investments, Inc. has contractually agreed to reimburse a portion of the operating expenses of the Portfolio to the extent the Portfolio's "Total Annual Portfolio Operating Expenses" exceed a percentage limit. This contractual limitation, for each of the funds listed, may not be terminated without the approval of the Board of Trustees before April 1, 2020. In the absence of these reimbursements, 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. The 7-day current yield more closely reflects the current earnings of the Portfolio than the total returns. The Portfolio also includes voluntary expense reimbursements to prevent a negative yield that may change or end at any time.

         

        Not FDIC insured | May lose value | No bank guarantee

        An investment in Northern Institutional 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 Institutional Funds involves risks, including possible loss of principal.

        Variable NAV funds (NIF Prime Obligations Portfolio and the NIF Municipal Portfolio): You could lose money by investing in the Portfolio. Because the share price of the Portfolio will fluctuate, when you sell your shares they may be worth more or less than what you originally paid for them. The Portfolio may impose a fee upon sale of your shares or may temporarily suspend your ability to sell shares if the Portfolio's liquidity falls below required minimums because of market conditions or other factors. An investment in the Portfolio is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The Portfolio's sponsor has no legal obligation to provide financial support to the Portfolio, and you should not expect that the sponsor will provide financial support to the Portfolio at any time.

        Amortized Cost NAV funds (NIF Government Assets Portfolio, NIF Treasury Portfolio, NIF U.S. Government Portfolio, NIF U.S. Government Select Portfolio): You could lose money by investing in the Portfolio. All purchase and sale activity is being transacted at the Amortized Cost NAV of $1.00. Although the Fund seeks to preserve the value of your investment at $1.00 per share, it cannot guarantee it will do so. An investment in the Portfolio is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The Portfolio's sponsor has no legal obligation to provide financial support to the Portfolio, and you should not expect that the sponsor will provide financial support to the Portfolio at any time.

        Please carefully read the summary prospectus or prospectus and consider the investment objectives, risks, charges and expenses of Northern Institutional Funds before investing. Call 800-637-1380 to obtain a summary prospectus or prospectus, which contains this and other information about the Funds.

        Shares of the Northern Institutional 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 Institutional Funds in any jurisdiction in which such offer, solicitation or sale would be unlawful.

        ©2019 Northern Institutional Funds | Northern Institutional Funds are distributed by Northern Funds Distributors, LLC, not affiliated with Northern Trust.