Money Market Funds Update
Update on Proposed Money Market Fund Rules


September 2009

While the U.S. Treasury Temporary Guarantee Program, which was established to promote stability in money market funds, expired as expected on September 18, 2009, new proposed regulation is designed to further stabilize money market funds and to increase the safety and liquidity for money market fund shareholders.

The Securities and Exchange Commission's proposed amendments would enhance the risk-limiting requirements of Rule 2a-7, which governs how money market funds are managed. These new rules would tighten existing requirements regarding the maturity, quality and liquidity of money market fund portfolios. If SEC rule changes are adopted—potentially early next year—a transition period may be provided for money market funds to become compliant.

Given that Northern Trust already adheres to, in large part, the proposed SEC requirements, we don't expect the rule changes to significantly impact our publicly-offered, registered money market funds. Northern Trust employs a conservative investment process along with a variety of risk management measures. We remain committed to our investment methodology, which has helped us deliver competitive returns in a risk-managed framework for more than 25 years.

Learn more about the Northern Funds money market funds.

Current and future portfolio holdings of money market funds are subject to risk.

An investment in the Money Market Funds is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Although the Money Market Funds seek to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in the Money Market Funds.

 
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Not FDIC insured | May lose value | No bank guarantee

An investment in Northern Funds is not insured by the FDIC, and is not a deposit or obligation of, or guaranteed by The Northern Trust Company or any affiliate. An investment in Northern Funds involves risks, including possible loss of principal.

Shares of Northern Funds are distributed by Northern Funds Distributors, LLC, not affiliated with Northern Trust.

Shares of the Northern Funds are offered only by a current Prospectus and are intended solely for persons to whom shares of US registered funds may be sold. This site shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of shares of the Northern Funds in any jurisdiction in which such offer, solicitation or sale would be unlawful.