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Large Cap Value

 
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TickerNAV AS OF 05/26/23
NOLVX$18.11 $0.11 Arrow Up Icon
 
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  • Performance
  • Portfolio
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Snapshot
For those value-oriented investors who enjoy long-term capital appreciation with the relatively lower risk of large, dividend-paying stocks, this Fund may be ideal for you. Our knowledgeable investment team pursues high total returns by buying stocks when they are out-of-favor and undervalued, and then selling them when they have returned to favor and achieved their full value. The Fund takes a traditional, disciplined approach to value investing - uncovering financially strong, high-yielding stocks that are attractively priced and have the potential for future appreciation.
Fund Objective
Capital Appreciation
Fund Strategy
  • A quantitatively managed strategy designed to provide exposure to value and quality factors.
  • The strategy employs our proprietary quality score to eliminate low-quality securities from our value universe.
  • We then optimize the remaining universe of securities for risk management and diversification goals at the security, sector, and portfolio levels, while giving exposure to securities ranking in the top quintiles of quality and value.
Investor Profile
If you are a value-oriented investor seeking long-term capital appreciation with the relatively lower risks of large, dividend-paying stocks, this Fund may be ideal for you. With its emphasis on relatively low-priced, high-yielding stocks, it can work in tandem with a growth-oriented fund to create a well-balanced, diversified stock portfolio.
Risk/Reward Potential
”Risk/Reward

Fund Literature

 
      Important risk information can be found on the Portfolio tab.

       
      CUSIP665162632
      YTD Total Return-2.53% (as of 05/26/23)
      Inception Date08/03/00
      Total Net Assets$85,626,465 (as of 03/31/19)

      Total Returns

      Total Returns for Quarter Ending 03/31/19
       Annualized
          Month   3-Month     YTD  1-Year  3-Year  5-Year  10-Year Since
      Incept.
      Large Cap Value-0.36%11.93%11.93%5.52%10.24%6.84%12.44%6.21%
      Russell 1000 Value Index0.64%11.93%11.93%5.67%10.45%7.72%14.52%7.07%
      Morningstar Cat. Avg.
      Large Value      		0.46%11.29%11.29%4.48%10.01%7.20%13.68%N/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. has contractually agreed to reimburse a portion of the operating expenses of the Fund (other than certain excepted expenses, i.e., acquired fund fees and expenses; the compensation paid to each Independent Trustee of the Trust; expenses of third party consultants engaged by the Board of Trustees; membership dues paid to the Investment Company Institute and Mutual Fund Directors Forum; expenses in connection with the negotiation and renewal of the revolving credit facility; and extraordinary expense and interest) to the extent the "Total Annual Fund Operating Expenses" exceed 0.55%. The "Total Annual Fund Operating Expenses After Expense Reimbursement" may be higher than the contractual limitation as a result of the excepted expenses, including but not limited to acquired fund fees and expenses, that are not reimbursed. This contractual limitation may not be terminated before July 31, 2019 without the approval of the 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‡
      Large Cap Value0.80%0.57%
      ‡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

       
             2018      2017      2016      2015      2014
      Large Cap Value-8.50%12.54%16.95%-5.98%10.61%
      Russell 1000 Value Index-8.27%13.66%17.34%-3.83%13.45%
      Morningstar Category Avg. Large Value-8.53%15.94%14.81%-4.05%10.21%
      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
      Chevron Corp3.3%
      Pfizer Inc3.3%
      Procter & Gamble Co2.7%
      Cisco Systems Inc2.4%
      Citigroup Inc2.1%
      Medtronic PLC1.9%
      Exxon Mobil Corp1.9%
      Bank of America Corp1.8%
      JP Morgan Chase & Co1.8%
      Walmart Inc1.8%
      As of 03/31/19
      Sector WeightingsFund   Benchmark
      Financials21.6%21.7%
      Health Care16.3%15.3%
      Information Technology10.7%9.8%
      Energy8.7%9.7%
      Consumer Staples7.2%7.9%
      Industrials7.2%7.8%
      Real Estate6.2%5.2%
      Communication Services5.9%6.9%
      Consumer Discretionary5.8%5.3%
      Utilities5.5%6.4%
      Materials4.9%4.0%
      As of 03/31/19
      Risk Characteristics*Large Cap ValueRussell 1000 Value Index
      Beta1.091.00
      Up Market Capture103.12100.00
      Down Market Capture106.26100.00
      Information Ratio–0.10.00
      *Above risk characteristics are based on a 3-year time period
         
      DateHoldings File
      As of 03/31/19Insert Icon
      As of 12/31/18Insert Icon

      Fund Characteristics

      Number of Holdings139
      Portfolio Turnover110.59% (as of 03/31/18)
      Dividend ScheduleAnnually
      Dividend Income Last QuarterN/A
      Capital Gain Income Last QuarterN/A
      Weighted Average Market Cap ($Mil)$113,507
      BenchmarkRussell 1000 Value Index
      Morningstar CategoryLarge Value
      Trailing 12-Month Price-to-Earnings Ratio
      Fund14.64
      Benchmark17.25
      Price-to-Book Ratio
      Fund1.91
      Benchmark2.08
      Historical 5-Year Earnings Growth
      Fund4.92
      Benchmark4.07
      Asset Allocation 
      Stocks98.0%
      Cash2.0%
      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.
      Value Risk: Value-based investments are subject to the risk that the broad market may not recognize their intrinsic value.

      Russell 1000® Value Index is an unmanaged index measuring the performance of those companies included in the Russell 1000 Index having lower price-to-book ratios and forecasted growth values. It is not possible to invest directly in an index.
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      Sridhar Kancharla, CFA<sup>&reg;</sup>

      Sridhar Kancharla, CFA®

      Portfolio Manager

      Northern Income Equity Fund (NOIEX)
      Northern Large Cap Value Fund (NOLVX)

      With Northern Trust Since 2007
      Began Career in 2002

      Sridhar Kancharla, Senior Vice President of Northern Trust, is a Senior Portfolio Manager and Researcher in the Quantitative Active Equity team responsible for research and implementation of several large/small cap quantitative equity strategies. Currently, he is a co-manager for the Northern Income Equity and Northern Large Cap Value Fund.

      Prior to joining Northern Trust in 2007, Mr. Kancharla was a senior software engineer at Grossman & Associates responsible for developing industry leading commodity management and accounting software deployed at multi-billion dollar grain companies throughout North America.

      Mr. Kancharla received a B.S. in computer science and mathematics from the University of Illinois at Urbana-Champaign and an MS in financial mathematics from the University of Chicago. He is a CFA® charterholder, a member of the CFA Institute, CFA Society of Chicago and the Chicago Quantitative Alliance.

        .
          Mark C. Sodergren, CFA<sup>&reg;</sup>

          Mark C. Sodergren, CFA®

          Portfolio Manager

          Northern International Equity Fund (NOIGX)
          Northern Large Cap Core Fund (NOLCX)
          Northern Large Cap Value Fund (NOLVX)

          With Northern Trust Since 2007
          Began Career in 1995

          Mark C. Sodergren, Senior Vice President of Northern Trust, is Head of the Quantitative Active Equity team responsible for research and implementation of several quantitative equity strategies. He currently manages the Northern International Equity Fund, Northern Large Cap Core Fund and is a co-manager of the Northern Large Cap Value Fund.

          Before joining Northern Trust in 2007, Mr. Sodergren was a portfolio manager at Barclays Global Investors focused on active U.S. large cap strategies. Prior to this, he spent six years at Citigroup Asset Management as a portfolio manager and researcher focused on both active international and domestic portfolios.

          Mr. Sodergren received a B.A. in quantitative economics and decision sciences from the University of California, San Diego and an MBA from the University of Chicago. He is an active CFA® charterholder and member of the Chicago Quantitative Alliance.

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          Not FDIC insured | May lose value | No bank guarantee

          View investment term definitions

          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.

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