Income & Capital Gain Distributions
For the 2015 calendar year, 100% of the dividends paid by the fixed income funds is taxable as ordinary income for federal income tax purposes. Listed in this table are the monthly, quarterly or annualized percentages, as applicable, of ordinary income distributed (dividend income plus short-term gain) by the equity funds that can be treated as Qualified Dividend Income (QDI).
Percentage of Dividends Eligible for the Corporate Dividends-Received Deduction
Mutual fund dividends derived from certain domestic corporations may be eligible for the dividends received deduction (DRD) for corporations. A portion of the ordinary income distribution (dividend income plus short-term gain) paid in 2015 by the Funds listed below may qualify for this deduction. The table below shows the portion of monthly, quarterly or annualized, as applicable, of ordinary income distribution (dividend income plus short-term gain) attributable to such domestic corporations for each of the Funds for 2015.
|Northern Funds||Payment Frequency||QDI%||DRD%|
|Emerging Markets Equity Index||Annual||67.15%||0.05%|
|Global Real Estate Index Q1||Quarterly||16.43%||0.00%|
|Global Real Estate Index Q2||Quarterly||29.96%||0.00%|
|Global Real Estate Index Q3||Quarterly||19.11%||0.00%|
|Global Real Estate Index Q4||Quarterly||12.44%||0.00%|
|Global Sustainability Index||Annual||100.00%||47.51%|
|Global Tactical Asset Allocation Q1||Quarterly||16.99%||21.35%|
|Global Tactical Asset Allocation Q2||Quarterly||43.32%||13.39%|
|Global Tactical Asset Allocation Q3||Quarterly||39.23%||18.14%|
|Global Tactical Asset Allocation Q4||Quarterly||1.45%||18.06%|
|International Equity Index||Annual||100.00%||0.00%|
|Large Cap Core Q1||Quarterly||100.00%||100.00%|
|Large Cap Core Q2||Quarterly||100.00%||100.00%|
|Large Cap Core Q3||Quarterly||100.00%||100.00%|
|Large Cap Core Q4||Quarterly||100.00%||100.00%|
|Large Cap Equity Q1||Quarterly||100.00%||64.15%|
|Large Cap Equity Q2||Quarterly||100.00%||100.00%|
|Large Cap Equity Q3||Quarterly||100.00%||100.00%|
|Large Cap Equity Q4||Quarterly||100.00%||100.00%|
|Large Cap Value||Annual||100.00%||100.00%|
|Mid Cap Index||Annual||68.29%||65.73%|
|Multi-Manager Emerging Markets Equity||Annual||100.00%||0.00%|
|Multi-Manager Global Listed Infrastructure Q1||Quarterly||0.00%||12.07%|
|Multi-Manager Global Listed Infrastructure Q2||Quarterly||100.00%||13.35%|
|Multi-Manager Global Listed Infrastructure Q3||Quarterly||100.00%||69.05%|
|Multi-Manager Global Listed Infrastructure Q4||Quarterly||100.00%||28.51%|
|Multi-Manager Global Real Estate Q1||Quarterly||29.85%||0.00%|
|Multi-Manager Global Real Estate Q2||Quarterly||34.41%||0.00%|
|Multi-Manager Global Real Estate Q3||Quarterly||24.48%||0.00%|
|Multi-Manager Global Real Estate Q4||Quarterly||0.61%||0.00%|
|Multi-Manager International Equity||Annual||100.00%||2.98%|
|Multi-Manager Large Cap Q1||Quarterly||100.00%||42.23%|
|Multi-Manager Large Cap Q2||Quarterly||100.00%||100.00%|
|Multi-Manager Large Cap Q3||Quarterly||100.00%||100.00%|
|Multi-Manager Large Cap Q4||Quarterly||46.60%||46.60%|
|Multi-Manager Mid Cap||Annual||100.00%||100.00%|
|Multi-Manager Small Cap||Annual||0.00%||0.00%|
|Small Cap Core||Annual||100.00%||100.00%|
|Small Cap Index||Annual||46.26%||44.38%|
|Small Cap Value||Annual||88.85%||87.27%|
|Stock Index Q1||Quarterly||100.00%||78.11%|
|Stock Index Q2||Quarterly||100.00%||97.19%|
|Stock Index Q3||Quarterly||100.00%||98.45%|
|Stock Index Q4||Quarterly||75.35%||74.18%|
If you have any questions, contact your Relationship Manager, or call the Northern Funds Center at 800-595-9111 weekdays from 7:00 a.m to 7:00 p.m Central Time.
Not FDIC insured | May lose value | No bank guarantee
You could lose money by investing in the Money Market Funds. Although each of the Money Market Funds seeks to preserve the value of your investment at $1.00 per share, it cannot guarantee it will do so. The Funds’ sponsor has no legal obligation to provide financial support to the Funds, and you should not expect that the sponsor will provide financial support to the Funds at any time.
The Money Market Fund and the Municipal Money Market Fund may impose a fee upon the sale of your shares or may temporarily suspend your ability to sell shares if the Fund’s liquidity falls below required minimums because of market conditions or other factors.
An investment in a Fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation (“FDIC”), any other government agency, or The Northern Trust Company, its affiliates, subsidiaries or any other bank.
Please carefully read the summary prospectus or prospectus and consider the investment objectives, risks, charges and expenses of Northern Funds before investing. Call 800-595-9111 to obtain a summary prospectus or prospectus. The summary prospectus and prospectus contain 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.
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