Signon to Passport
 |
Jessica Hart With Northern Trust since 2000 |
 |
Christopher E. Vella, CIO, NTCC With Northern Trust since 2004 |
Fact Sheet 
Review fund performance
View fund performance for equity, fixed income and money market funds.
Choosing a Fund
Use our Risk/Reward spectrum to navigate your way to the mutual fund that is right for you.
The Multi-Manager Global Real Estate Fund may be a good choice for those long-term investors looking to diversify their portfolio by pursuing the growth potential of global real estate. Our approach blends specialist managers from a broad universe of external global real estate managers into a single fund. In seeking to create an optimal portfolio, the Fund utilizes three principal styles intended to complement each other: Growth at a reasonable price (GARP), core and opportunistic. Each Sub-Adviser acts independently from the others and utilizes its own distinct investment style in selecting securities while seeking long-term capital appreciation and current income.
Fund Objective: Capital Appreciation and Current Income
Redemption Fee: 2% on shares sold or exchanged within 30 days of purchase
Fund Objective: Capital Appreciation and Current Income
Redemption Fee: 2% on shares sold or exchanged within 30 days of purchase
|     |
Managers and Allocations subject to change at any time.
|
SUB-ADVISER |
TARGET ALLOCATION | ROLE IN PORTFOLIO |
| EII Realty Securities, Inc. | 60% | Opportunistic approach that may take significant off-benchmark positions, resulting in a higher level of risk relative to the benchmark. Historically, the strategy has also provided strong defensive characteristics in down markets. |
| CBRE Clarion Securities, LLC | 40% | Growth at a reasonable price (GARP) approach with a diversified strategy. The portfolio should have a small number of off-benchmark positions while maintaining attractive market up-capture and downside protection characteristics. |
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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.
The Advisor has agreed to reimburse certain expenses of the Fund (excluding acquired fund fees and expenses; a portion of the compensation paid to each Trustee who is not an officer, director or employee of Northern Trust Corporation or its subsidiaries; expenses related to third-party consultants engaged by the Board of Trustees of the Trust; membership dues paid to the Investment Company Institute and Mutual Fund Directors Forum; extraordinary expenses; and interest, if any) to the extent the "Total Annual Fund Operating Expenses After Expense Reimbursement" exceed 1.20%. The contractual limitation may not be terminated before July 31, 2013 without the approval of the Board of Trustees. In the absence of fee waivers, 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.
Disclosure
The Advisor has agreed to reimburse certain expenses of the Fund (excluding acquired fund fees and expenses; a portion of the compensation paid to each Trustee who is not an officer, director or employee of Northern Trust Corporation or its subsidiaries; expenses related to third-party consultants engaged by the Board of Trustees of the Trust; membership dues paid to the Investment Company Institute and Mutual Fund Directors Forum; extraordinary expenses; and interest, if any) to the extent the "Total Annual Fund Operating Expenses After Expense Reimbursement" exceed 1.20%. The contractual limitation may not be terminated before July 31, 2013 without the approval of the Board of Trustees. In the absence of fee waivers, 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.
Disclosure
| Gross Expense Ratio | Net Expense Ratio‡ | |
| Multi-Manager Global Real Estate (NMMGX) | 1.47% | 1.10% |
| ‡Includes contractual expense reimbursements that, if not extended, will end on July 31, 2013. |
||
| 2012 | 2011 | 2010 | 2009 | ||
| Multi-Manager Global Real Estate | 27.99% | -7.02% | 17.49% | 36.25% | |
| FTSE EPRA/NAREIT Global Index | 28.98% | -8.72% | 19.31% | 37.94% | |
| Morningstar Category Avg. Global Real Estate | 31.78% | -10.10% | 17.22% | 37.01% | |
| Performance quoted represents past performance and does not guarantee future results. | |||||
| Number of Holdings | 163 |
| Portfolio Turnover | 64.16% (as of 3/31/12) |
| Dividend Schedule | Quarterly |
| Dividend Income Last Quarter | $0.0105 |
| Capital Gain Income Last Quarter | N/A |
| Weighted Average Market Cap ($Mil) | $15,498 |
| Benchmark | FTSE EPRA/NAREIT Global Index |
| Morningstar Category | Global Real Estate |
|
|||||||||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||||||||
| All data is as of date indicated and subject to change. | |||||||||||||||||||||||||||||||||||||
as of April 30, 2013
| Multi-Manager Global Real Estate | FTSE EPRA/NAREIT Global Index | |
| Beta | 0.96 | 1.00 |
| Up Market Capture | 94.93 | 100.00 |
| Down Market Capture | 96.45 | 100.00 |
| Information Ratio | –0.22 | 0.00 |
| *Above risk characteristics are based on a 3-year time period | ||
