Signon to Passport
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Jessica Hart With Northern Trust since 2000 |
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Christopher E. Vella, CIO, NTCC With Northern Trust since 2004 |
Fact Sheet 
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The Multi-Manager Mid Cap Fund is a good choice for those long-term investors looking to diversity their investments by pursuing the growth potential of mid-sized company stocks. This Fund is for those investors who are aware that mid-sized company stocks are generally riskier than large-company stocks due to greater volatility and less liquidity. The Northern Trust approach blends specialist managers from a broad universe of external mid-cap managers into a single fund. Our managers will invest in those companies whose market capitalization is, at the time the Fund makes an investment, generally within the range of the market capitalization of companies in the Russell Midcap Index.
Fund Objective: Capital Appreciation
Fund Objective: Capital Appreciation
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Managers and Allocations subject to change at any time.
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SUB-ADVISER |
TARGET ALLOCATION | ROLE IN PORTFOLIO |
| Systematic Financial Management LP | 37.5% | Relative value approach. Seek companies that are trading at low valuations, but have some signs of positive earnings momentum. |
| Geneva Capital Management Ltd. | 37.5% | Conservative approach. Offers growth characteristics, with a valuation overlay. |
| LSV Asset Management | 25% | Deep value style with quantitative approach. Systematically exploits judgmental biases and behavioral weaknesses influencing investors. |
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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 1.10%. 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 1.10%. 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 Mid Cap (NMMCX) | 1.20% | 1.00% |
| ‡Includes contractual expense reimbursements that, if not extended, will end on July 31, 2013. |
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| 2012 | 2011 | 2010 | 2009 | 2008 | |
| Multi-Manager Mid Cap | 14.41% | -2.99% | 24.32% | 39.69% | -38.89% |
| Russell Midcap Index | 17.28% | -1.55% | 25.48% | 40.48% | -41.46% |
| Morningstar Category Avg. Mid-Cap Blend | 16.15% | -3.81% | 22.52% | 37.39% | -39.18% |
| Performance quoted represents past performance and does not guarantee future results. | |||||
| Number of Holdings | 249 |
| Portfolio Turnover | 54.53% (as of 3/31/12) |
| Dividend Schedule | Annually |
| Dividend Income Last Quarter | N/A |
| Capital Gain Income Last Quarter | N/A |
| Weighted Average Market Cap ($Mil) | $8,750 |
| Benchmark | Russell Midcap Index |
| Morningstar Category | Mid-Cap Blend |
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| All data is as of date indicated and subject to change. | |||||||||||||||||||||||||||||||||||||
as of March 31, 2013
| Multi-Manager Mid Cap Fund | Russell Midcap Index | |
| Beta | 1.05 | 1.00 |
| Up Market Capture | 101.19 | 100.00 |
| Down Market Capture | 107.73 | 100.00 |
| Information Ratio | -0.71 | 0.00 |
| *Above risk characteristics are based on a 3-year time period | ||
