Northern Institutional Equity Index A
Northern Trust50 South LasalleChicago, IL 60607
Map
Phone: 800-637-1380
| Category: | Large Blend | | Fund Family: | Northern Funds | | Net Assets: | 733.18M | | Year-to-Date Return: | 16.40% | | Yield: | 1.89% | | Morningstar Rating: |  | | Fund Inception Date: | Jan 10, 1993 |
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Chad M. Rakvin
Lead Manager since Sep 29, 2005 | | | Chad Rakvin is Director of Global Equity Index Management for the Quantitative Management group of Northern Trust Global Investments. He is responsible for both domestic and global equity index management. Prior to joining Northern Trust in 2004, Chad was a principal with Barclays Global Investors holding various positions including head of the Index Research Group and Emerging Markets portfolio manager. As head of Index Research, he managed an investment strategy team where he oversaw strategies for International and U.S. equity with a combined product AUM of over $300 billion. Prior to joining BGI, he held various positions at Dow Jones Indexes including manager of Quantitative Analysis and a Senior Statistician where he oversaw the development of new index products for institutional asset managers and broker dealers. Prior to Dow Jones Indexes, Chad was responsible for research of equity investments for Pennsylvania Financial Group, an investment manager for high net worth individuals. Chad received a B.S. degree in Finance from the Indiana University of PA in 1993 and is a CFA charter holder. |
| Min Initial Investment: | 5,000,000 | | Min Initial Investment, IRA: | N/A | | Min Initial Investment, AIP: | N/A | | Min Subsequent Investment: | 0 | | Min Subsequent Investment, IRA: | N/A | | Min Subsequent Investment, AIP: | N/A |
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| The investment seeks to provide investment results approximating the aggregate price and dividend performance of the securities included in the Standard & Poor's 500® Composite Stock Price Index.
The fund normally invests substantially all (and at least 80%) of its net assets in the equity securities of the companies that make up the S&P 500 Index, in weightings that approximate the relative composition of the securities contained in the S&P 500 Index, and in S&P 500 Index futures approved by the Commodity Futures Trading Commission. |
| Last Dividend
(Aug 26, 2012)
:
| 0.08 | | Last Cap Gain
:
| 0.00 | | Annual Holdings Turnover
(Oct 30, 2012)
:
| 3.65% | | Average for Category: | 51.91% |
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| Expense | BEIAX | Category Avg |
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| Annual Report Expense Ratio (net): | 0.21% | 1.11% | | Prospectus Net Expense Ratio: | 0.10% | N/A | | Prospectus Gross Expense Ratio: | 0.24% | N/A | | Max 12b1 Fee: | N/A | N/A | | Max Front End Sales Load: | N/A | 5.27% | | Max Deferred Sales Load:
| N/A | 2.36% | | 3 Yr Expense Projection*: | 63 | 775 | | 5 Yr Expense Projection*: | 121 | 1,258 | | 10 Yr Expense Projection*: | 292 | 2,352 |
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0.16(1.14%) Nov 1