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Northern Engage360TM

 
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TickerNAV AS OF 03/31/20
NENGX$8.78 -0.06 Arrow Down Icon
 
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Fund Objective
The investment objective of the fund is to achieve long-term capital appreciation through a diversified portfolio of global equities.
Fund Strategy
The Fund utilizes a multi-manager approach to allocate to sub-advisers based on their investment expertise and a demonstrated commitment to advancing and promoting diversity. The Fund will invest at least 80% of its net assets in equity securities of companies listed on a domestic or foreign exchange. Under normal circumstances, the Fund will invest at least 40%, and may invest up to 100%, of its net assets in equity securities of companies economically tied to a non-U.S. country, including emerging and frontier market countries.
Redemption Fee
2% on shares sold or exchanged within 30 days of purchase.
Risk/Reward Potential
”Risk/Reward
Sub-Adviser Allocations

Sub-Advisers and Allocations subject to change at any time.

SUB-ADVISERTARGET ALLOCATION*ROLE IN PORTFOLIO
Ariel Investments, LLC 22.0% An international strategy seeking high quality companies with strong growth prospects that are undervalued and out of favor across both developed and emerging markets.
Strategic Global Advisers, LLC 22.0% A diversified all country world ex U.S. strategy that seeks to generate long term value by integrating proprietary quantitative models with a traditional fundamental research overlay.
Aristotle Capital Management, LLC 21.0% A U.S. large cap, relative value approach that is benchmark agnostic with a high quality bias. They analyze companies with a global perspective and may have ADR exposure up to 20%.
Mar Vista Investment Partners, LLC 15.0% A U.S. large cap strategy that seeks to invest in companies that possess sustainable competitive advantages and attractive returns on capital. The portfolio is expected to have a lower volatility, low beta profile.
Segall Bryant & Hamill, LLC** 7.5% A U.S. small/mid cap value approach that focuses on dividend paying stocks in an effort to create superior long term risk adjusted returns.
EARNEST Partners, LLC 7.5% Diversified U.S. mid cap core strategy focusing on companies with improving profitability and lower earnings variability that trade at reasonable valuations.
ARK Investment Management LLC 5.0% Concentrated, global equity growth strategy focused on disruptive innovation, with significant exposures to information technology and health care sectors. It is benchmark agnostic with a higher risk profile.
*Actual allocations may vary.

**Denver Investment Advisors, LLC, a sub-adviser to the Northern Engage360TM Fund, was acquired by Segall Bryant & Hamill, LLC on April 30, 2018. Upon the acquisition, Denver changed its name to Segall Bryant & Hamill, LLC.
      Important risk information can be found on the Portfolio tab.

       
      CUSIP665162319
      YTD Total Return
      		-20.54% (as of 03/31/20)
      Inception Date11/20/17
      Total Net Assets$229,831,271 (as of 03/31/19)

      Total Returns

      Total Returns for Quarter Ending 03/31/19
       Inception-To-Date
          Month   3-Month     YTD  1-Year  3-Year  5-Year  10-Year Since
      Incept.
      Northern Engage360TM 0.60%12.44%12.44%-0.36%N/AN/AN/A1.05%
      MSCI ACWI Index1.26%12.18%12.18%2.60%N/AN/AN/A8.37%
      Morningstar Cat. Avg.
      World Large Stock      		1.11%12.27%12.27%1.85%N/AN/AN/AN/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. ("NTI" or the "Investment Adviser") has contractually agreed to reimburse a portion of the operating expenses of the Fund (other than Acquired Fund Fees and Expenses and extraordinary expenses) to the extent the "Total Annual Fund Operating Expenses" exceed 0.70%. The "Total Annual Fund Operating Expenses After Expense Reimbursement" may be higher than the contractual limitation as a result of Acquired Fund Fees and Expenses and extraordinary expenses that are not reimbursed. This contractual limitation may not be terminated before July 31, 2019 without the approval of the Fund’s Board of Trustees. In the absence of contractual expense 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.

      Annual Expense Ratios

       
       Gross Expense RatioNet Expense Ratio‡
      Northern Engage360TM 0.83%0.71%
      ‡Includes contractual expense reimbursements that, if not extended, will end on July 31, 2019. The Fund also includes voluntary expense reimbursements that may change or end at any time.

      Calendar Year Returns

       
       20182017
      Northern Engage360TM*   -12.17%N/A
      MSCI ACWI Index  -9.41%N/A
      Morningstar Category Avg. World Large Stock  -9.64%N/A
      *The inception date of the fund is November 20, 2017.

      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
      Roche Holding Ltd 1.8%
      Adobe Inc1.6%
      Deutsche Boerse AG1.5%
      Royal Ahold Delhaize NV1.5%
      GlaxoSmithKline PLC1.4%
      Baidu Inc Sponsored ADR 1.4%
      China Mobile Ltd1.4%
      American Tower Corp1.2%
      Microchip Technology Inc1.1%
      Gemalto NV1.1%
      As of 03/31/19
      Sector WeightingsFundBenchmark
      Financials17.0%16.6%
      Information Technology15.7%15.7%
      Health Care12.4%11.7%
      Industrials10.5%10.4%
      Communication Services10.4%8.7%
      Consumer Discretionary9.4%10.8%
      Consumer Staples8.4%8.4%
      Energy5.0%6.3%
      Materials5.0%4.9%
      Real Estate3.8%3.3%
      Utilities2.4%3.3%
         
      Top 10 Country WeightingsFundBenchmark
      United States55.0%55.0%
      Japan8.9%7.2%
      China5.2%3.9%
      United Kingdom4.4%5.2%
      Switzerland3.8%2.7%
      Netherlands3.3%1.1%
      Germany3.0%2.6%
      Canada2.8%3.0%
      France2.6%3.4%
      Spain1.7%0.9%
      As of 03/31/19
      Risk Characteristics*Northern Engage360TM*MSCI ACWI Index
      BetaN/AN/A
      Up Market CaptureN/AN/A
      Down Market CaptureN/AN/A
      Information RatioN/AN/A
      *Above risk characteristics are based on a 3-year time period. Inception date of the Fund is November 20, 2017.
         
      DateHoldings File
      As of 03/31/19Insert Icon
      As of 12/31/18Insert Icon

      Fund Characteristics

      Number of Holdings409
      Portfolio Turnover*
      		7.21% (as of 03/31/18)
      Dividend ScheduleAnnually
      Dividend Income Last Quarter*N/A
      Capital Gain Income Last Quarter*N/A
      Weighted Average Market Cap ($Mil)$81,541
      BenchmarkMSCI ACWI Index
      Morningstar CategoryWorld Large Stock
      *Inception date of the Fund is November 20, 2017.
      Trailing 12-Month Price-to-Earnings Ratio
      Fund15.78
      Benchmark16.96
      Price-to-Book Ratio
      Fund2.39
      Benchmark2.31
      Historical 5-Year Earnings Growth
      Fund12.21
      Benchmark12.37
      Asset Allocation 
      Stocks95.6%
      Cash4.4%
      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.
      Emerging and Frontier Markets Risk: Emerging and frontier market investing may be subject to additional economic, political, liquidity and currency risks not associated with more developed countries. Additionally, frontier countries generally have smaller economies or less developed capital markets than traditional emerging markets and, as a result, the risks of investing in emerging market countries are magnified in frontier countries.
      International Risk: International investing involves increased risk and volatility.
      MSCI All Country World Index ("MSCI ACWI") is a free float-adjusted market capitalization weighted index that is designed to measure the equity market performance of developed and emerging markets. The MSCI ACWI consists of 46 country indices comprising 23 developed and 23 emerging market country indices. As of May 31, 2017, the developed market country indices included are: Australia, Austria, Belgium, Canada, Denmark, Finland, France, Germany, Hong Kong, Ireland, Israel, Italy, Japan, the Netherlands, New Zealand, Norway, Portugal, Singapore, Spain, Sweden, Switzerland, the United Kingdom and the United States. As of May 31, 2017, the emerging market country indices included are: Brazil, Chile, China, Colombia, Czech Republic, Egypt, Greece, Hungary, India, Indonesia, Korea, Malaysia, Mexico, Peru, the Philippines, Poland, Qatar, Russia, South Africa, Taiwan, Thailand, Turkey, and the United Arab Emirates.
      Multi-Manager Risk is the risk that the sub-advisers' investment styles will not always be complementary, which could affect the performance of the Fund.
      New Fund Risk: The Fund, because it is new with no operating history, may not grow or maintain an economically viable size, in which case the Board of Trustees of the Trust may determine to liquidate the Fund.
      Small- and Mid-Cap Risks: Small- and mid-sized company stocks are generally riskier than large-company stocks due to greater volatility and less liquidity.
      .
      Christopher E. Vella, CFA<sup>&reg;</sup>, CIO

      Christopher E. Vella, CFA®, CIO

      Portfolio Manager

      Northern Active M U.S. Equity Fund (NMUSX)
      Northern Active M Emerging Markets Equity Fund (NMMEX)
      Northern Active M International Equity Fund (NMIEX)
      Northern Engage360TM Fund (NENGX)
      Northern Multi-Manager Emerging Markets Debt Opportunity Fund (NMEDX)
      Northern Multi-Manager Global Listed Infrastructure Fund (NMFIX)
      Northern Multi-Manager Global Real Estate Fund  (NMMGX)
      Northern Multi-Manager High Yield Opportunity Fund (NMHYX)

      With Northern Trust Since 2004
      Began Career in 1993

      Christopher E. Vella, CFA®, is Senior Vice President of Northern Trust's Multi-Manager Solutions Practice. He is Chief Investment Officer with responsibility for manager research and portfolio construction processes across Northern Trust's Multi-Manager Solutions Practice. He is responsible for the global manager research platform, consisting of approximately $95B in assets across 200 investment strategies. He manages a team of approximately 25 investment professionals across all traditional asset classes. The team covers all external manager relationships on behalf of Northern Trust's private and institutional clientele.

      Prior to joining Northern Trust in 2004, Mr. Vella was a founding member of Goldman Sach's external manager business which consists of institutional and private client assets. While at Goldman, he managed the international and emerging markets equity team. Prior to Goldman Sachs, Mr. Vella spent close to 6 years at SEI Investments working primarily on international equity and emerging markets equity manager research. He has over 20 years of manager research and multi-manager portfolio construction experience.

      Mr. Vella received a B.S. magna cum laude in finance with a minor in applied mathematics from Lehigh University and was elected into the Phi Beta Kappa honor society. He is a member of the New York Society of Financial Analysts. He is an active CFA® charterholder.

        .
        Jessica K. Hart

        Jessica K. Hart

        Portfolio Manager

        Northern Engage360TM Fund (NENGX)

        With Northern Trust Since 2000
        Began Career in 1999

        Jessica K. Hart, is Senior Vice President of Northern Trust's Outsourced CIO Retirement Assets Practice advising corporate, public and multi-employer plans. Multi-Manager Solutions Practice. She currently co-manages the Northern Engage360TM Fund.

        Ms. Hart joined Northern Trust in 2000 and has since been responsible for due diligence on prospective managers, performance and oversight of all multi-manger funds, portfolio construction and a key member of the management team that developed portfolio optimization processes for Northern Trust's clients. Prior to joining Northern Trust, Ms. Hart was a consultant with the financial and commodities risk consulting group of Arthur Andersen LLP.

        Ms. Hart received a B.S. degree in economics from the University of Wisconsin and an MBA from New York University, Stern School of Business.

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          Not FDIC insured | May lose value | No bank guarantee

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          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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