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Overview

How It Works

Follow an active quantitative, core equity strategy to select stocks with favorable characteristics such as earnings quality and return on equity and seek to generate excess returns relative to the Russell 2000 benchmark by over- and underweighting stocks.

This Fund may be suitable for long-term investors with above-average tolerance for risk, looking for the long-term growth potential of smaller companies.
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Fund Facts

*Includes contractual expense reimbursements that, if not extended, will end on July 31, 2024.

Performance

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.  Performance data current to the most recent month-end can also be obtained by calling 800-595-9111


Above risk characteristics are based on a 3-year time period.

 

Northern Trust Investments, Inc. (“NTI”) has contractually agreed to reimburse a portion of the operating expenses of the Fund so that after such reimbursement the Total Annual Fund Operating Expenses of the Fund (excluding (i) acquired fund fees and expenses; (ii) the compensation paid to each Independent Trustee of the Trust; (iii) expenses of third party consultants engaged by the Board of Trustees; (iv) membership dues paid to the Investment Company Institute and Mutual Fund Directors Forum; (v) expenses in connection with the negotiation and renewal of the revolving credit facility; and (vi) extraordinary expenses and interest) do not exceed 0.49%. This contractual limitation may not be terminated before July 30, 2024 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. The returns for the Morningstar or the iMoneyNet Category Average represents a universe of funds with similar objectives.


Effective July 30, 2020, Class K and Class I replaced the Fund’s predecessor Shares Class (“Shares Class”). For periods starting July 30, 2020, the Fund’s performance returns are shown for Class K and Class I. The Fund’s performance returns prior to July 30, 2020 are shown for the Shares Class, which had an inception date of September 30, 1999. The performance of the Fund’s Shares Class has not been adjusted to reflect the expenses applicable to Class K or Class I shares since the classes have different expense ratios than the expense ratio of the Shares Class. The expenses applicable to the Fund’s Class K and Class I shares are lower than the expenses applicable to the Shares Class. Excluding the effect of any fees, expenses, fee waivers or reimbursements, the performance of the Fund’s Class K shares and Class I shares would have annual returns substantially similar to those of Shares Class because the classes invest in the same portfolio of securities. Please refer to the current prospectus for further information.

Distributions

*The 30-day SEC yield w/ waivers represents the annualization of the Fund's net investment income, excluding capital gain income and includes contractual expense reimbursements. It would be lower without those reimbursements. Negative 30-Day SEC Yield results when accrued expenses of the past 30 days exceed the income collected during the past 30 days. The 30-day SEC yield w/o waivers represents the annualization of the Fund's net investment income, excluding capital gain income and excludes contractual expense reimbursements, resulting in a lower yield. Negative 30-Day SEC Yield results when accrued expenses of the past 30 days exceed the income collected during the past 30 days.

Characteristics

      

Exposure Breakdowns

Information is provided to illustrate typical sectors and securities in which the portfolio may invest. It should not be considered investment advice or a recommendation to buy or sell any security. There is no guarantee that securities remain in the portfolio or that securities sold have not been repurchased. It should not be assumed that any investments were profitable or will prove to be profitable, and past performance does not guarantee future results.

Top 10 Holdings

Portfolio holdings are subject to change without notice. The portfolio holdings and allocations will change and the information provided should not be considered as a recommendation to purchase or sell a particular security. There is no assurance that the securities mentioned remain in the Fund’s portfolio or that securities sold have not been repurchased.

Meet the Team

Our investment team seeks to compensate investors for risk and deliver better outcomes in all market environments.

Northern Trust’s robust equity investment team average 18 years of experience and are located in North America, Europe, and Asia.

Robert H. Bergson, CFA®

Portfolio ManagerRead Bio

Michael Hunstad, Ph.D.

Portfolio ManagerRead Bio

Literature

Fund Documents

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