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Small Cap Core

 
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TickerNAV AS OF 05/30/23
NSGRX$24.80 $-0.11 Arrow Down Icon
 
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Snapshot
If you're more of an aggressive investor looking for the growth potential offered by the stocks of smaller companies, then the Northern Small Cap Core Fund may be the right choice for you. Our experienced investment team follows a quantitative-managed, core style investment strategy to select stocks based on a statistical analysis of historical relationships among small-cap characteristics, stock prices and market capitalization ranges. The Fund invests in a highly diversified portfolio consistent with small-cap core benchmarks and uses a screening process designed to reduce exposure to stocks with negative fundamentals.
Fund Objective
Capital Appreciation
Fund Strategy
  • Follow an active quantitative, core equity strategy to select stocks based on a statistical analysis of historical relationships among small-cap characteristics, stock prices and market capitalization ranges.
  • Use a screening process designed to reduce exposure to stocks with negative fundamental indicators.
  • Maintain a highly diversified portfolio consistent with small-cap core benchmarks, in an effort to reduce the risks associated with any specific stock or industry.
Investor Profile
If you're a more aggressive investor looking for the growth potential offered by the stocks of smaller companies this Fund may be right for you. The Fund employs a quantitative-managed, core style investment approach. It is intended for equity investors with an above-average tolerance for volatility who want to diversify their investments and plan to invest for the long term without concern for current income.
Risk/Reward Potential
”Risk/Reward
Overall Morningstar RatingTM
”Morningstar

Among 634 small blend funds derived from a weighted average of the fund's 3-, 5- and 10-year risk-adjusted returns as of 3/31/19.

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.

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.

©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.

Fund Literature

 
      Important risk information can be found on the Portfolio tab.

       
      CUSIP665162665
      YTD Total Return0.41% (as of 05/30/23)
      Inception Date09/30/99
      Total Net Assets$462,092,443 (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.
      Small Cap Core-2.26%12.79%12.79%1.68%11.61%6.86%15.35%7.29%
      Russell 2000 Index-2.09%14.58%14.58%2.05%12.92%7.05%15.36%7.74%
      Morningstar Cat. Avg.
      Small Blend      		-2.31%13.34%13.34%-0.03%10.17%5.62%14.67%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 0.65%. The “Total Annual Fund Operating Expenses After Expense Reimbursement" may be higher than the contractual limitation as a result of the excepted 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‡
      Small Cap Core0.67%0.62%
      ‡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
      Small Cap Core-10.21%13.03%20.72%-4.28%6.54%
      Russell 2000 Index-11.01%14.65%21.31%-4.41%4.89%
      Morningstar Category Avg. Small Blend-12.72%12.28%20.78%-5.38%3.79%
      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
      Exponent Inc0.4%
      Integrated Device Technology Inc0.3%
      Woodward Inc0.3%
      Cree, Inc0.3%
      MAXIMUS Inc0.3%
      Primerica Inc0.3%
      Five Below Inc0.3%
      IDACORP Inc0.3%
      Planet Fitness Inc Class A0.3%
      Ligand Pharmaceuticals Inc0.3%
      As of 03/31/19
      Sector WeightingsFundBenchmark
      Financials17.7%17.1%
      Information Technology16.1%15.6%
      Industrials15.4%14.4%
      Health Care14.1%16.0%
      Consumer Discretionary11.9%12.0%
      Real Estate7.4%7.6%
      Utilities4.4%3.8%
      Materials3.9%3.8%
      Consumer Staples3.1%2.8%
      Communication Services3.0%3.3%
      Energy3.0%3.7%
      As of 03/31/19
      Risk Characteristics*Small Cap CoreRussell 2000 Index
      Beta0.941.00
      Up Market Capture90.35100.00
      Down Market Capture96.33100.00
      Information Ratio–1.010.00
      *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 Holdings1,590
      Portfolio Turnover6.28% (as of 03/31/18)
      Dividend ScheduleAnnually
      Dividend Income Last QuarterN/A
      Capital Gain Income Last QuarterN/A
      Weighted Average Market Cap ($Mil)$2,672
      BenchmarkRussell 2000 Index
      Morningstar CategorySmall Blend
      Trailing 12-Month Price-to-Earnings Ratio
      Fund19.30
      Benchmark18.50
      Price-to-Book Ratio
      Fund2.18
      Benchmark2.16
      Historical 5-Year Earnings Growth
      Fund11.83
      Benchmark11.27
      Asset Allocation 
      Stocks95.1%
      Cash4.9%
      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.
      Small-Cap Risk: Small-capitalization funds typically carry additional risks since smaller companies generally have a higher risk of failure. Their stocks are subject to a greater degree of volatility, trade in lower volume and may be less liquid.
      Russell 2000® Index is an unmanaged index which measures the performance of the 2,000 smallest of the 3,000 largest U.S. companies, based on market capitalization. It is not possible to invest directly in an index.
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      Robert H. Bergson, CFA<sup>&reg;</sup>

      Robert H. Bergson, CFA®

      Portfolio Manager

      Northern Small Cap Core Fund (NSGRX)
      Northern Small Cap Value Fund (NOSGX)

      With Northern Trust Since 1997
      Began Career in 1995

      Robert H. Bergson, Senior Vice President of Northern Trust, is a senior portfolio manager and researcher for Northern Trust's Quantitative Active Equity Team. He is responsible for research and implementation of several small cap equity strategies representing more than $3.5 billion in small cap assets. He manages the Northern Small Cap Core Fund and Northern Small Cap Value Fund.

      Prior to joining Northern Trust in 1997, Mr. Bergson served as Director of Investment Research for Real Estate Research Corporation, a real estate consulting and research firm.

      Mr. Bergson received a B. Arch. from Carnegie Mellon University and an M.S. in real estate development from the Massachusetts Institute of Technology. He is an active CFA® charterholder, and a member of the CFA Institute, the CFA Society Chicago and 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.