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- Total Fund Assets ($)Total assets managed by the fund, inclusive of all share classes.
- NAV ($)Net asset value (NAV) represents a fund's per share market value.
- 1 Day NAV Change ($)Change in net asset value (NAV) from the previous trading day.
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- Inception DateInception date of the fund's oldest share class.
Overview
How It Works
Seeks to offer relative safety by investing substantially all (at least 99.5%) of net assets in cash and securities issued or guaranteed as to principal and interest by the U.S. government or its agencies, instrumentalities and repurchase agreements that are fully collateralized by cash or such securities. The fund will seek to invest at least 50% of its net assets in the following securities that pay interest that generally is exempt from state income taxation. The Fund maintains a dollar-weighted average portfolio maturity of no more than 60 calendar days. Concentrate on sources of income that may be exempt from state income taxes, dependent on tax laws of the state of residence.
The Fund may be suitable for conservative investors looking for liquidity and convenience, with money market rates of return. Money market funds invest in short-term instruments with maturities of 13 months or less, in an effort to maintain a stable net asset value of $1.00 per share.
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Meet the Team
Our investment team seeks to compensate investors for risk and deliver better outcomes in all market environments.
Northern Trust’s liquidity solutions is part of the broader fixed income team with 58 investment professionals averaging 21 years of industry experience.
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U.S. Government Guarantees apply only to the underlying securities of a Fund's portfolio and not the Fund's shares
U.S. Government Securities Risk is the risk that the U.S. government will not provide financial support to its agencies, instrumentalities or sponsored enterprises if it is not obligated to do so by law. Certain U.S. government securities purchased by the Fund are neither issued nor guaranteed by the U.S. Treasury and, therefore, may not be backed by the full faith and credit of the United States. The maximum potential liability of the issuers of some U.S. government securities may greatly exceed their current resources, including any legal right to support from the U.S. Treasury. It is possible that the issuers of such securities will not have the funds to meet their payment obligations in the future.
You could lose money by investing in the Fund. Although the Fund seeks to preserve the value of your investment at $1.00 per share, it cannot guarantee it will do so. An investment in the Fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The Fund's sponsor has no legal obligation to provide financial support to the Fund, and you should not expect that the sponsor will provide financial support to the Fund at any time.
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Please carefully read the prospectus and summary prospectus and consider the investment objectives, risks, charges and expenses of Northern Funds carefully before investing. Call 800-595-9111 to obtain a prospectus and summary prospectus, which contains this and other information about the funds.
Investing involves risk. Principal loss is possible.
Not FDIC insured | May lose value | No bank guarantee
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