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(based on risk-adjusted total return)
|Global Tactical Asset Allocation||
Among 397 world allocation funds
Among 1,096 large value funds
|Large Cap Core||
Among 1,096 large value funds
|Mid Cap Index||
Among 377 mid-cap blend funds
|Small Cap Core||
Among 634 small blend funds
Among 1,218 large blend funds
|Fixed Income Funds|
Among 139 municipal single state intermediate funds
|Multi-Manager High Yield Opportunity||
Among 610 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 Tactical Asset Allocation received 4 stars for the 3-year rating among 397 world allocation funds, 4 stars for the 5-year rating among 321 funds and 3 stars for the 10-year rating among 161 funds.
Income Equity received 4 stars for the 3-year rating among 1,096 large value funds, 4 stars for the 5-year rating among 939 funds and 3 stars for the 10-year rating among 691 funds.
Large Cap Core received 4 stars for the 3-year rating among 1,096 large value funds, 4 stars for the 5-year rating among 939 funds and 4 stars for the 10-year rating among 691 funds.
Mid Cap Index received 3 stars for the 3-year rating among 377 mid-cap blend funds, 4 stars for the 5-year rating among 330 funds and 4 stars for the 10-year rating among 234 funds.
Small Cap Core received 4 stars for the 3-year rating among 634 small blend funds, 4 stars for the 5-year rating among 519 funds and 4 stars for the 10-year rating among 382 funds.
Stock Index received 4 stars for the 3-year rating among 1,218 large blend funds, 4 stars for the 5-year rating among 1,081 funds and 4 stars for the 10-year rating among 810 funds.
Arizona Tax-Exempt received 5 stars for the 3-year rating among 139 municipal single state intermediate funds, 5 stars for the 5-year rating among 138 funds and 4 stars for the 10-year rating among 117 funds.
Multi-Manager High Yield Opportunity received 4 stars for the 3-year rating among 610 high yield bond funds and 4 stars for the 5-year rating among 519 funds. The 10-year Morningstar Rating is not available.
©2019 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.
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.
©2020 Northern Funds | Northern Funds are distributed by Northern Funds Distributors, LLC, not affiliated with Northern Trust.