International Equity Index
Steven J. Santiccioli

Steven J. Santiccioli

With Northern Trust since 2003
Began Career in 1993

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The International Equity Index Fund is a good choice for those moderate risk investors seeking competitive long-term investment returns through a broadly diversified portfolio. The Fund offers a high degree of relative predictability in an uncertain stock market by seeking investment results, before expenses, approximating the aggregate price and dividend performance of the securities included in the MSCI EAFE Index.

Fund Objective: Seeks to Replicate Index

Redemption Fee: 2% on shares sold or exchanged within 30 days of purchase
Ticker SymbolShare Price Change
Daily as of 07/29/14
YTD Total Return
Daily as of 07/29/14
NOINX$ -0.013.97%
Updated Daily as of July 29, 2014
SymbolNOINXYTD Total Return3.97%
CUSIP665130209Inception Date3/22/2005
Share Price$ 12.83 Updated Monthly as of June 30, 2014
Share Price Change$ -0.01Total Net Assets$4,935,412,070
Total Returns for Quarter Ended June 30, 2014
 International Equity Index FundMSCI EAFE IndexMorningstar Foreign Large Blend Category Average
Year to Date4.78%4.78%3.79%
1 Year23.50%23.57%20.83%
3-Year Avg. Annual7.86%8.10%6.62%
5-Year Avg. Annual11.51%11.77%11.27%
Avg. Annual
Since Inception
5.45%5.69% N/A
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" exceed 0.25%. The contractual limitation may not be terminated before July 31, 2015 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.

 Gross Expense RatioNet Expense Ratio
International Equity Index
Includes contractual expense reimbursements that, if not extended, will end on
July 31, 2015.
International Equity Index21.74%18.68%-12.62%7.59%28.99%
MSCI EAFE Index22.78%17.32%-12.14%7.75%31.78%
Morningstar Category Avg.
Foreign Large Blend
Performance quoted represents past performance and does not guarantee future results.
Number of Holdings901
Portfolio Turnover40.72% (as of 3/31/14)
Dividend ScheduleAnnually
Dividend Income Last QuarterN/A
Capital Gain Income Last QuarterN/A
Weighted Average Market Cap ($Mil)$63,846
BenchmarkMSCI EAFE Index
Morningstar CategoryForeign Large Blend
Trailing 12-Month Price to Earnings Ratio 
Price to Book Ratio 
Historical 5-Year Earnings Growth 
Asset Allocation 
Top 10 Holdings    Fund
Nestle SA    1.8%
Roche Holding Ltd    1.5%
Novartis AG    1.5%
HSBC Holdings PLC    1.4%
Toyota Motor Corp    1.2%
BP PLC    1.2%
Royal Dutch Petroleum Co    1.2%
Total SA    1.1%
GlaxoSmithKline PLC    0.9%
Sanofi    0.9%
% of Portfolio    12.7%
Sector WeightingsFundBenchmark
Consumer Discretionary11.8%11.9%
Consumer Staples11.1%11.1%
Health Care10.5%10.5%
Telecommunication Services4.9%4.9%
Information Technology4.4%4.4%
TOTAL100.0% 100.0%
Top 10 Country
United Kingdom21.4%21.4%
Hong Kong2.8%2.8%
% of Portfolio90.0%89.9%
All data is as of date indicated and subject to change.
as of June 30, 2014
 International Equity Index FundMSCI EAFE Index
Up Market Capture101.00100.00
Down Market Capture101.82100.00
Information Ratio–0.100.00
*Above risk characteristics are based on a 3-year time period
Equity Risk: Equity securities (stocks) are more volatile and carry more risk than other forms of investments, including investments in high-grade fixed income securities. The net asset value per share of this Fund will fluctuate as the value of the securities in the portfolio changes.

International Risk: International investing involves increased risk and volatility.

Index Fund Risk: The performance of the Fund is expected to be lower than that of the Index because of Fund fees and expenses. It is important to remember that there are risks associated with index investing, including the potential risk of market decline, as well as the risks associated with investing in specific companies.

MSCI EAFE® Index is a free float-adjusted market capitalization index that is designed to measure the equity performance of developed markets, excluding the U.S. and Canada. It is not possible to invest directly in an index.
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Not FDIC insured | May lose value | No bank guarantee

*View investment term definitions

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