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 
Review fund performance
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Choosing a Fund
Use our Risk/Reward spectrum to navigate your way to the mutual fund that is right for you.
For those long-term investors looking to diversify your investments by pursuing the growth potential of large-company stocks, then this Fund may be of interest to you. Our approach blends a "multi-manager" structure whereby the Fund's assets are allocated to one or more Sub-Advisers, in percentages determined at the discretion of the Investment Advisers. These managers - who have distinct investment styles and strategies - will invest primarily in securities whose market capitalization at the time of purchase is similar to that of companies in the Russell 1000 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 |
| Jennison Associates LLC | 30% | Higher beta, more aggressive growth approach. Should provide strong upside during periods of market strength. |
| Delaware Management Company INC | 25% | Deeper value approach. Will tend to protect capital in difficult markets. |
| NWQ Investment Management Company, LLC | 25% | Opportunistic value portfolio. Will look at value in absolute terms providing flexibility to look in many pockets of the market. Portfolio offers a higher beta profile. |
| WestEnd Advisors, LLC | 20% | Top-down driven approach which concentrates investments in those sectors deemed attractive on a forward-looking basis. Concentrated by sector and stock. |
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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 Large Cap (NMMLX) | 1.19% | 1.10% |
| ‡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 Large Cap | 13.23% | 0.06% | 15.74% | 28.75% | -36.49% |
| Russell 1000 Index | 16.42% | 1.50% | 16.10% | 28.43% | -37.60% |
| Morningstar Category Avg. Large Growth | 15.34% | -2.46% | 15.53% | 35.68% | -40.67% |
| Performance quoted represents past performance and does not guarantee future results. | |||||
| Number of Holdings | 142 |
| Portfolio Turnover | 39.43% (as of 3/31/12) |
| Dividend Schedule | Quarterly |
| Dividend Income Last Quarter | $0.0027 |
| Capital Gain Income Last Quarter | N/A |
| Weighted Average Market Cap ($Mil) | $71,017 |
| Benchmark | Russell 1000 Index |
| Morningstar Category | Large Growth |
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| All data is as of date indicated and subject to change. | |||||||||||||||||||||||||||||||||||||
as of April 30, 2013
| Multi-Manager Large Cap | Russell 1000 Index | |
| Beta | 1.02 | 1.00 |
| Up Market Capture | 94.51 | 100.00 |
| Down Market Capture | 101.18 | 100.00 |
| Information Ratio | –0.70 | 0.00 |
| *Above risk characteristics are based on a 3-year time period | ||
