Fund Description

The fund was incepted in April 1994 and is managed by Northern Trust Investments. The fund seeks to provide long-term capital appreciation. The fund's approach is to identify strong, well-managed companies, with above average and consistent sales and earnings growth, good balance sheets, and attractive valuations relative to the market as a whole. The fund invests, under normal circumstances, at least 80% of its net assets in equity securities. Although the fund primarily invests in the securities of U.S. issuers, it may invest, to a limited extent, in the securities of foreign issuers either directly or indirectly (for example, through ADRs). Dividends, if any, are declared and paid quarterly. Capital gains, if any, are declared and paid annually.