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How It Works

The Portfolio seeks to maximize current income to the extent consistent with the preservation of capital and maintenance of liquidity by investing exclusively in high quality money market instruments.
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Fund Facts

*Includes contractual expense reimbursements that, if not extended, will end on April 1, 2024.


Northern Trust Investments, Inc. (“NTI”) has contractually agreed to reimburse a portion of the operating expenses of the Portfolio so that after such reimbursement the Total Annual Fund Operating Expenses of the Portfolio (excluding (i) acquired fund fees and expenses; (ii) service fees; (iii) the compensation paid to each Independent Trustee of the Trust; (iv) expenses of third party consultants engaged by the Board of Trustees; (v) membership dues paid to the Investment Company Institute and Mutual Fund Directors Forum; (vi) expenses in connection with the negotiation and renewal of the revolving credit facility; and (vii) extraordinary expenses and interest) do not exceed 0.25%. This contractual limitation may not be terminated before April 1, 2024 without the approval of the Board of Trustees.


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 800-595-9111The returns for the Morningstar or the iMoneyNet Category Average represents a universe of funds with similar objectives.


NAV Information: Market Value NAV is calculated using current market quotations, or an appropriate substitute, to value a portfolio. This NAV is not currently being used for transacting purchase and sale activity. All purchase and sale activity is being transacted at the Amortized Cost NAV of $1.00.


The 7-Day SEC Yield is an annualized yields based on the most recent 7-day period. The 7-Day SEC Yield more closely reflects the current earnings of the Portfolio than the total return quotation. The 7-Day SEC Yield is calculated in accordance with SEC requirements and does not include capital gains. At times, the 7-Day SEC Yield may differ from the 7-Day Yield of a Portfolio because of the exclusion of distributed capital gains. The 1-Daily Yield and 7-Day Yield includes capital gains, if any. The subsidized yields reflect any contractual or voluntary reimbursement or waivers that may be in effect for all of a period shown. Unsubsidized yields reflect the performance of the Portfolio if any contractual or voluntary waivers had not been in place during the period shown.


Reinvestment date of July 31. The amount shown represents dividends paid from fund net investment income and excludes distributions from capital gain income.

Liquidity Flows

Shadow NAV is a money market fund’s price per share based on available market quotations of its securities.



Exposure Breakdowns

All data is as of date indicated and subject to change.


U.S. Government Guarantee: U.S. government guarantees apply only to the underlying securities of a Fund’s portfolio and not the Fund’s shares.


Distribution Calculations: (Security Distribution, Maturity Distribution and Sector Distribution) are measured on a trade date basis and exclude uninvested cash from the market value used to compute the percentage calculations.


Maturity Distribution: The data is measured using the lower of the stated maturity date or next interest rate reset date.

Meet the Team

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

Daniel LaRocco

Portfolio ManagerRead Bio

Antulio N. Bomfim

Portfolio ManagerRead Bio


Fund Documents

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