Brent Reeder

Brent Reeder

With Northern Trust since 1993
Began Career in 1993


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For those aggressive investors seeking competitive long-term investment returns through a broadly diversified portfolio, this Fund may be a good choice for you. The Small Cap Index Fund seeks to offer investment results, before expenses, approximating the aggregate price and dividend performance of the securities included in the Russell 2000 Index. Our experienced investment team does not use traditional methods of investment management of the Fund, rather the team will buy and sell securities in response to changes in the Russell 2000 Index.

Fund Objective: Seeks to Replicate Index
Ticker SymbolShare Price Change
Daily as of 07/22/14
YTD Total Return
Daily as of 07/22/14
NSIDX$ 0.10-0.08%
Updated Daily as of July 22, 2014
SymbolNSIDXYTD Total Return-0.08%
CUSIP665162723Inception Date9/3/1999
Share Price$ 12.24 Updated Monthly as of June 30, 2014
Share Price Change$ 0.10Total Net Assets$985,724,996
Total Returns for Quarter Ended June 30, 2014
 Small Cap Index FundRussell 2000 IndexMorningstar Small Blend Category Average
Month5.34%5.32%4.40%
3-Month2.02%2.05%2.31%
Year to Date3.10%3.19%3.81%
1 Year23.50%23.64%23.78%
3-Year Avg. Annual14.37%14.57%14.25%
5-Year Avg. Annual19.95%20.21%19.87%
10-Year Avg. Annual8.39%8.70%8.73%
Avg. Annual
Since Inception
7.99%8.58% 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 0.15%. 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.


Disclosure
 Gross Expense RatioNet Expense Ratio
Small Cap Index
(NSIDX)
0.28%0.24%
Includes contractual expense reimbursements that, if not extended, will end on
July 31, 2015.
 20132012201120102009
Small Cap Index38.65%16.20%-4.49%26.42%27.22%
Russell 2000 Index38.82%16.35%-4.18%26.85%27.16%
Morningstar Category Avg.
Small Blend
37.39%15.46%-4.07%25.61%31.80%
Performance quoted represents past performance and does not guarantee future results.
Number of Holdings2020
Portfolio Turnover15.62% (as of 3/31/14)
Dividend ScheduleAnnually
Dividend Income Last QuarterN/A
Capital Gain Income Last QuarterN/A
Weighted Average Market Cap ($Mil)$1,931
BenchmarkRussell 2000 Index
Morningstar CategorySmall Blend
Trailing 12-Month Price to Earnings Ratio 
Fund19.69
Benchmark19.71
Price to Book Ratio 
Fund2.23
Benchmark2.23
Historical 5-Year Earnings Growth 
Fund13.20
Benchmark12.73
Asset Allocation 
Stocks98.0%
Cash2.0%
TOTAL100%
Top 10 Holdings    Fund
American Realty Capital Properties Inc    0.4%
Rite Aid Corp    0.4%
NorthStar Realty Finance Corp    0.4%
Acuity Brands Inc    0.3%
SunEdison Inc    0.3%
Questcor Pharmaceuticals Inc    0.3%
athenahealth Inc    0.3%
Kate Spade & Co    0.3%
CoStar Group Inc    0.3%
Middleby Corp    0.3%
% of Portfolio    3.3%
Sector WeightingsFundBenchmark
Financials23.8%23.6%
Information Technology17.3%17.4%
Industrials14.4%14.4%
Health Care13.1%13.1%
Consumer Discretionary12.8%12.9%
Energy6.0%6.0%
Materials4.8%4.8%
Consumer Staples3.8%3.8%
Utilities3.3%3.3%
Telecommunication Services0.7%0.7%
TOTAL100.0% 100.0%
All data is as of date indicated and subject to change.
as of May 31, 2014
 Small Cap Index FundRussell 2000 Index
Beta1.001.00
Up Market Capture99.51100.00
Down Market Capture100.23100.00
Information Ratio–0.990.00
*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.

Small Cap Risk: Small-capitalization funds typically carry additional risks since smaller companies generally have a higher risk of failure. Their stocks are subject to a greater degree of volatility, trade in lower volume and may be less liquid.

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.

Russell 2000® Index is an unmanaged index which measures the performance of the 2,000 smallest companies in the Russell 3000 Index based on market capitalization. It is not possible to invest directly in an index.
 
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