On October 27, 2008, Northern Funds and Northern Institutional Funds received formal notification from the U.S. Treasury Department confirming their participation in the U.S. Treasury Temporary Guarantee Program.
The following publicly-offered, registered money market mutual funds are participating in the temporary guarantee program:
Northern Funds Money Market Funds
- Money Market Fund
- U.S. Government Money Market Fund
- U.S. Government Select Money Market Fund
- Municipal Money Market Fund
- California Municipal Money Market Fund
Northern Institutional Money Market Funds
- Diversified Assets Portfolio
- Prime Obligations Portfolio
- Government Portfolio
- Government Select Portfolio
- Municipal Portfolio
- Tax-Exempt Portfolio
The program provides a guarantee to shareholders based on the number of shares invested in the money market mutual funds at the close of business on September 19, 2008. Any increase in the number of shares an investor holds after the close of business on September 19, 2008 will not be guaranteed or if the account is closed, any future investment in the fund.
The scope of the program is limited to the extent that if the number of shares fluctuates over the period, the shareholder will be covered for either the number of shares held as of the close of business on September 19, 2008 or the current amount, whichever is less. The program expires on December 18, 2008, unless extended by the U.S. Treasury.
Participation in the program highlights the Northern Funds and the Northern Institutional Funds' ongoing commitment to their investors by providing this guarantee.
For more information about the U.S. Treasury Temporary Guarantee Program, please see the press release and frequently asked questions available on the Treasury web site.
Personal Clients
If you have any questions, contact one of our skilled investment representatives. You can reach them at 800-595-9111 weekdays from 7 a.m. to 7 p.m. Central time.
Institutional Clients
If you have any questions, contact your Investment Relationship Manager or one of our Northern Institutional Funds Center investment representatives. You can reach them at 800-637-1380 weekdays from 7:00 a.m. to 7:00 p.m. Central time.
You may obtain a Northern Funds prospectus with this and other information about the Fund by visiting northernfunds.com or by calling 800-595-9111. You should consider the Fund’s investment objectives, risks, charges and expenses carefully before investing. You should read the prospectus carefully before investing.
You may obtain a Northern Institutional Funds prospectus with this and other information about the Fund by visiting northerninstitutionalfunds.com or by calling 800-637-1380. You should consider the Fund’s investment objectives, risks, charges and expenses carefully before investing. You should read the prospectus carefully before investing.
An investment in the Fund is not insured or guaranteed by the FDIC or any other government agency. Although the Fund seeks to maintain a value of $1.00 per share, it is possible to lose money.
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