# EDGAR Filing Document

**Accession Number:** 0000916620
**File Stem:** 0001193125-26-028420
**Filing Date:** 2026-1
**Character Count:** 11635
**Document Hash:** c5fa94905e00c23067ae5e6e2d3da841
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-028420.hdr.sgml**: 20260129

**ACCESSION NUMBER**: 0001193125-26-028420

**CONFORMED SUBMISSION TYPE**: 497

**PUBLIC DOCUMENT COUNT**: 2

**FILED AS OF DATE**: 20260129

**DATE AS OF CHANGE**: 20260129

**EFFECTIVENESS DATE**: 20260129

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** NORTHERN FUNDS
- **CENTRAL INDEX KEY:** 0000916620

**ORGANIZATION NAME:**
- **EIN:** 391777365
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0331

**FILING VALUES:**
- **FORM TYPE:** 497
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 033-73404
- **FILM NUMBER:** 26575311

**BUSINESS ADDRESS:**
- **STREET 1:** NORTHERN FUNDS
- **STREET 2:** 50 SOUTH LASALLE STREET
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60603
- **BUSINESS PHONE:** 800-595-9111

**MAIL ADDRESS:**
- **STREET 1:** NORTHERN FUNDS
- **STREET 2:** 50 SOUTH LASALLE STREET
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60603

## Series and Classes Contracts Data

### LARGE CAP CORE FUND (Series ID: S000001243)

---

|  |  |  |
|:---|:---|:---|
| Class Name          | Ticker Symbol | Class ID   |
| LARGE CAP CORE FUND | NOLCX         | C000003389 |

---

### INTERNATIONAL EQUITY FUND (Series ID: S000001270)

---

|  |  |  |
|:---|:---|:---|
| Class Name                | Ticker Symbol | Class ID   |
| INTERNATIONAL EQUITY FUND | NOIGX         | C000003416 |

---

### LARGE CAP VALUE FUND (Series ID: S000001271)

---

|  |  |  |
|:---|:---|:---|
| Class Name           | Ticker Symbol | Class ID   |
| LARGE CAP VALUE FUND | NOLVX         | C000003417 |

---

## Series and Classes Contracts Data

### LARGE CAP CORE FUND (Series ID: S000001243)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000003389 | LARGE CAP CORE FUND | NOLCX           |

### INTERNATIONAL EQUITY FUND (Series ID: S000001270)

| Class ID   | Class Name                | Ticker Symbol   |
|:---|:---|:---|
| C000003416 | INTERNATIONAL EQUITY FUND | NOIGX           |

### LARGE CAP VALUE FUND (Series ID: S000001271)

| Class ID   | Class Name           | Ticker Symbol   |
|:---|:---|:---|
| C000003417 | LARGE CAP VALUE FUND | NOLVX           |

**PROSPECTUS SUPPLEMENT** 

**NORTHERN FUNDS** 

**INTERNATIONAL EQUITY FUND** 

**LARGE CAP CORE FUND** 

**LARGE CAP VALUE FUND** 

**SUPPLEMENT DATED JANUARY 29, 2026 TO THE FUND'S PROSPECTUS DATED JULY 31, 2025** 

*Effective January 29, 2026, Mark C. Sodergren is no longer a portfolio manager of the International Equity Fund, the Large Cap Value Fund, and the Large Cap Core Fund (each a "Fund," and together, the "Funds"). Effective January 29, 2026, all references to Mark C. Sodergren in the Funds' Prospectus are hereby deleted, and the Prospectus is amended as follows:* 

1. The paragraph under the section entitled "FUND SUMMARIES – International Equity Fund –
Management" on page 17 of the Prospectus is deleted and replaced with the following:

**INVESTMENT ADVISER AND PORTFOLIO MANAGERS.** NTI, an indirect subsidiary of Northern Trust Corporation, serves as the investment adviser of the International Equity Fund. Reed A. LeMar, CFA, Senior Vice President of NTI, Sridhar Kancharla, CFA, Senior Vice President of NTI, and Jiemin Xu, CFA, Vice President of NTI, have been managers of the Fund since July 2024, July 2024 and January 2026, respectively. The Northern Trust Company, an affiliate of NTI, serves as transfer agent, custodian, securities lending agent, and sub-administrator to the Fund.

2. The paragraph under the section entitled "FUND SUMMARIES – Large Cap Core Fund –
Management" on page 21 of the Prospectus is deleted and replaced with the following:

**INVESTMENT ADVISER AND PORTFOLIO MANAGERS.** NTI, an indirect subsidiary of Northern Trust Corporation, serves as the investment adviser of the Large Cap Core Fund. Reed A. LeMar, CFA, Senior Vice President of NTI, Sridhar Kancharla, CFA, Senior Vice President of NTI, and Jiemin Xu, CFA, Vice President of NTI, have been managers of the Fund since July 2024, July 2024 and January 2026, respectively. The Northern Trust Company, an affiliate of NTI, serves as transfer agent, custodian, securities lending agent, and sub-administrator to the Fund.

3. The paragraph under the section entitled "FUND SUMMARIES – Large Cap Value Fund –
Management" on page 26 of the Prospectus is deleted and replaced with the following:

**INVESTMENT ADVISER AND PORTFOLIO MANAGERS.** NTI, an indirect subsidiary of Northern Trust Corporation, serves as the investment adviser of the Large Cap Value Fund. Sridhar Kancharla, CFA, Senior Vice President of NTI, Jeffrey D. Sampson, CFA, Senior Vice President of NTI, and Jiemin Xu, CFA, Vice President of NTI, have been managers of the Fund since July 2015, January 2026 and July 2024, respectively. The Northern Trust Company, an affiliate of NTI, serves as transfer agent, custodian, securities lending agent, and sub-administrator to the Fund.

4. The third and fourth paragraphs under the section entitled "FUND MANAGEMENT – EQUITY AND EQUITY
INDEX FUNDS" on page 192 of the Prospectus are deleted and replaced with the following:

The managers for the **International Equity Fund** and **Large Cap Core Fund** are Sridhar Kancharla, CFA, Senior Vice President of NTI, Reed A. LeMar, CFA, Senior Vice President of NTI, and Jiemin Xu, CFA, Vice President, of NTI. Messrs. Kancharla and LeMar and Ms. Xu have been managers of the International Equity Fund and the Large Cap Core Fund since July 2024, July 2024, and January 2026 respectively. More information about Messrs. Kancharla and LeMar is provided above. Ms. Xu is also a portfolio manager for the Large Cap Value Fund. Ms. Xu joined NTI in 2016, where she is a Portfolio Manager on Northern's quantitative active equity team.

The managers for the **Large Cap Value Fund** are Sridhar Kancharla, CFA, Senior Vice President of NTI, Jeffrey D. Sampson, CFA, Senior Vice President of NTI, and Jiemin Xu, CFA, Vice President of NTI. Messrs. Kancharla and Sampson and Ms. Xu have been managers of the Fund since July 2015, January 2026, and July 2024, respectively. More information about Messrs. Kancharla and Sampson, and Ms. Xu is provided above.

*Please retain this supplement with your Prospectus for future reference.* 

---

| | | |
|:---|:---|:---|
| 50 South LaSalle Street<br> P.O. Box 75986<br> Chicago, Illinois 60675-5986<br> 800-595-9111<br> northerntrust.com/funds | ![LOGO](g214093g36t24.jpg) | NF SPT PRO<br>NOIGX&NOLCX&NOLVX (1/26) |

---

NORTHERN FUNDS PROSPECTUS

------

**STATEMENT OF ADDITIONAL INFORMATION ("SAI") SUPPLEMENT** 

**NORTHERN FUNDS** 

**INTERNATIONAL EQUITY FUND** 

**LARGE CAP CORE FUND** 

**LARGE CAP VALUE FUND** 

**SUPPLEMENT DATED JANUARY 29, 2026 TO THE FUNDS' SAI DATED JULY 31, 2025** 

*Effective January 29, 2026, Mark C. Sodergren is no longer a portfolio manager of the International Equity Fund, Large Cap Value Fund and Large Cap Core Fund (each, a "Fund," and together, the "Funds"). Effective January 29, 2026, all references to Mark C. Sodergren in the Funds' SAI are hereby deleted, and the SAI is amended as follows:* 

1. The information for the Funds in the table under the section entitled "PORTFOLIO MANAGERS" on page
113 of the SAI is replaced with the following:

<u>PORTFOLIO MANAGERS</u> 

---

| | |
|:---|:---|
| **Fund** | **Portfolio Manager(s)** |
|  International Equity Fund | Sridhar Kancharla, Reed A. LeMar and Jiemin Xu<sup>(f)</sup> |
|  Large Cap Core Fund | Sridhar Kancharla, Reed A. LeMar and Jiemin Xu<sup>(f)</sup> |
|  Large Cap Value Fund | Sridhar Kancharla, Jiemin Xu and Jeffrey D. Sampson<sup>(f)</sup> |

---

<sup>(f)</sup> Became a Portfolio Manager effective January 29, 2026.

2. The following information, as of December 31, 2025, with respect to Jeffrey D. Sampson under the section
entitled "PORTFOLIO MANAGERS – Accounts Managed by the Portfolio Managers" beginning on page 122 of the SAI is replaced with the following:

The table below discloses the accounts within each type of category listed below for which **Jeffrey D. Sampson, CFA\*** was jointly and primarily responsible for day-to-day portfolio management as of December 31, 2025.

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Type of Accounts** | **Total<br>Number of<br>Accounts<br>Managed** | **Total Assets<br>(in Millions)** | **Number of Accounts<br>Managed with<br>Advisory Fee<br>Based on<br>Performance** | **Total Assets<br>with<br>Advisory Fee<br>Based on<br>Performance<br>(in Millions)** |
|  Northern Funds: | 2 | $705.1 | 0 | $0 |
|  Other Registered Investment Companies: | 0 | 0 | 0 | 0 |
|  Other Pooled Investment Vehicles: | 1 | 486 | 0 | 0 |
|  Other Accounts: | 21 | 3913 | 0 | 0 |

---

\* Jeffrey D. Sampson became a Portfolio Manager of the Large Cap Value Fund effective January 29, 2026.

------

3. The following information, as of December 31, 2025, with respect to Jiemin Xu under the section entitled
"PORTFOLIO MANAGERS – Accounts Managed by the Portfolio Managers" beginning on page 125 of the SAI is replaced with the following:

The table below discloses the accounts within each type of category listed below for which **Jiemin Xu, CFA,\*** was jointly and primarily responsible for day-to-day portfolio management as of December 31, 2025.

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Type of Accounts** | **Total<br>Number of<br>Accounts<br>Managed** | **Total Assets<br>(in Millions)** | **Number of Accounts<br>Managed with<br>Advisory Fee<br>Based on<br>Performance** | **Total Assets<br>with<br>Advisory Fee<br>Based on<br>Performance<br>(in Millions)** |
|  Northern Funds: | 4 | $0 | 0 | $0 |
|  Other Registered Investment Companies: | 0 | 0 | 0 | 0 |
|  Other Pooled Investment Vehicles: | 18 | 5870 | 0 | 0 |
|  Other Accounts: | 32 | 19605 | 0 | 0 |

---

\* Jiemin Xu became a Portfolio Manager of the International Equity Fund and Large Cap Core Fund effective as of January 29, 2026.

4. The following information, as of December 31, 2025, in the table under the section entitled
"PORTFOLIO MANAGERS – Disclosure of Securities Ownership" beginning on page 130 of the SAI with respect to Jiemin Xu and Jeffrey D. Sampson is replaced with the following:

---

| | | |
|:---|:---|:---|
| **Shares Beneficially Owned by** | **Fund** | **Dollar ($) Range of Shares Beneficially<br>Owned by Portfolio Manager Because<br>of Direct or Indirect<br>Pecuniary Interest** |
|  Jeffrey D. Sampson | Income Equity Fund | $10001– $50000 |
|  Jeffrey D. Sampson<sup>19</sup> | Large Cap Value Fund |  |
|  Jeffrey D. Sampson | U.S. Quality ESG Fund | $10001– $50000 |
|  Jiemin Xu<sup>20</sup> | International Equity Fund |  |
|  Jiemin Xu<sup>20</sup> | Large Cap Core Fund |  |
|  Jiemin Xu | Large Cap Value Fund |  |
|  Jiemin Xu<sup>20</sup> | Small Cap Core Fund |  |
|  Jiemin Xu<sup>20</sup> | Small Cap Value Fund |  |
|  Jiemin Xu<sup>20</sup> | U.S. Quality ESG Fund |  |

---

<sup>19</sup> Jeffrey D. Sampson became a Portfolio Manager of the Large Cap Value Fund effective January 29, 2026. Information provided is as of December 31, 2025.

<sup>20</sup> Jiemin Xu became a Portfolio Manager of the International Equity Fund and Large Cap Core Fund effective January 29, 2026. Information provided is as of December 31, 2025.

*Please retain this supplement with your SAI for future reference.* 

---

| | | |
|:---|:---|:---|
| 50 South LaSalle Street<br> P.O. Box 75986<br> Chicago, Illinois 60675-5986<br> 800-595-9111<br> northerntrust.com/funds | ![LOGO](g214093g36t24.jpg) | NF SPT SAI<br>NOIGX&NOLCX&NOLVX (1/26) |

---