# EDGAR Filing Document

**Accession Number:** 0000916620
**File Stem:** 0001683863-25-005352
**Filing Date:** 2025-6
**Character Count:** 19328
**Document Hash:** bc969fe70c197708f84b46b110154dbc
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001683863-25-005352.hdr.sgml**: 20250625

**ACCESSION NUMBER**: 0001683863-25-005352

**CONFORMED SUBMISSION TYPE**: 24F-2NT

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250331

**FILED AS OF DATE**: 20250625

**DATE AS OF CHANGE**: 20250625

**EFFECTIVENESS DATE**: 20250625

**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:** 24F-2NT
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 033-73404
- **FILM NUMBER:** 251072749

**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 |

---

### SMALL CAP CORE FUND (Series ID: S000001244)

---

|  |  |
|:---|:---|
| Class Name | Class ID   |
| Class K    | C000219382 |
| Class I    | C000219383 |

---

### SMALL CAP INDEX FUND (Series ID: S000001245)

---

|  |  |  |
|:---|:---|:---|
| Class Name           | Ticker Symbol | Class ID   |
| SMALL CAP INDEX FUND | NSIDX         | C000003391 |

---

### SMALL CAP VALUE FUND (Series ID: S000001246)

---

|  |  |  |
|:---|:---|:---|
| Class Name           | Ticker Symbol | Class ID   |
| SMALL CAP VALUE FUND | NOSGX         | C000003392 |

---

### STOCK INDEX FUND (Series ID: S000001247)

---

|  |  |  |
|:---|:---|:---|
| Class Name       | Ticker Symbol | Class ID   |
| STOCK INDEX FUND | NOSIX         | C000003393 |

---

### ARIZONA TAX-EXEMPT FUND (Series ID: S000001249)

---

|  |  |  |
|:---|:---|:---|
| Class Name              | Ticker Symbol | Class ID   |
| ARIZONA TAX-EXEMPT FUND | NOAZX         | C000003395 |

---

### CALIFORNIA INTERMEDIATE TAX-EXEMPT FUND (Series ID: S000001250)

---

|  |  |  |
|:---|:---|:---|
| Class Name                              | Ticker Symbol | Class ID   |
| CALIFORNIA INTERMEDIATE TAX-EXEMPT FUND | NCITX         | C000003396 |

---

### CALIFORNIA TAX-EXEMPT FUND (Series ID: S000001251)

---

|  |  |  |
|:---|:---|:---|
| Class Name                 | Ticker Symbol | Class ID   |
| CALIFORNIA TAX-EXEMPT FUND | NCATX         | C000003397 |

---

### FIXED INCOME FUND (Series ID: S000001252)

---

|  |  |  |
|:---|:---|:---|
| Class Name        | Ticker Symbol | Class ID   |
| FIXED INCOME FUND | NOFIX         | C000003398 |

---

### HIGH YIELD FIXED INCOME FUND (Series ID: S000001256)

---

|  |  |  |
|:---|:---|:---|
| Class Name                   | Ticker Symbol | Class ID   |
| HIGH YIELD FIXED INCOME FUND | NHFIX         | C000003402 |

---

### HIGH YIELD MUNICIPAL FUND (Series ID: S000001257)

---

|  |  |  |
|:---|:---|:---|
| Class Name                | Ticker Symbol | Class ID   |
| HIGH YIELD MUNICIPAL FUND | NHYMX         | C000003403 |

---

### INTERMEDIATE TAX-EXEMPT FUND (Series ID: S000001258)

---

|  |  |  |
|:---|:---|:---|
| Class Name                   | Ticker Symbol | Class ID   |
| INTERMEDIATE TAX-EXEMPT FUND | NOITX         | C000003404 |

---

### LIMITED TERM U.S. GOVERNMENT FUND (Series ID: S000001259)

---

|  |  |  |
|:---|:---|:---|
| Class Name                        | Ticker Symbol | Class ID   |
| LIMITED TERM U.S. GOVERNMENT FUND | NSIUX         | C000003405 |

---

### TAX-EXEMPT FUND (Series ID: S000001260)

---

|  |  |  |
|:---|:---|:---|
| Class Name      | Ticker Symbol | Class ID   |
| TAX-EXEMPT FUND | NOTEX         | C000003406 |

---

### U.S. GOVERNMENT FUND (Series ID: S000001261)

---

|  |  |  |
|:---|:---|:---|
| Class Name           | Ticker Symbol | Class ID   |
| U.S. GOVERNMENT FUND | NOUGX         | C000003407 |

---

### U.S. GOVERNMENT MONEY MARKET FUND (Series ID: S000001266)

---

|  |  |  |
|:---|:---|:---|
| Class Name                        | Ticker Symbol | Class ID   |
| U.S. GOVERNMENT MONEY MARKET FUND | NOGXX         | C000003412 |

---

### U.S. GOVERNMENT SELECT MONEY MARKET FUND (Series ID: S000001267)

---

|  |  |  |
|:---|:---|:---|
| Class Name                               | Ticker Symbol | Class ID   |
| U.S. GOVERNMENT SELECT MONEY MARKET FUND | NOSXX         | C000003413 |

---

### INTERNATIONAL EQUITY INDEX FUND (Series ID: S000001268)

---

|  |  |  |
|:---|:---|:---|
| Class Name                      | Ticker Symbol | Class ID   |
| INTERNATIONAL EQUITY INDEX FUND | NOINX         | C000003414 |

---

### INCOME EQUITY FUND (Series ID: S000001269)

---

|  |  |  |
|:---|:---|:---|
| Class Name         | Ticker Symbol | Class ID   |
| INCOME EQUITY FUND | NOIEX         | C000003415 |

---

### 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 |

---

### MID CAP INDEX FUND (Series ID: S000001273)

---

|  |  |  |
|:---|:---|:---|
| Class Name         | Ticker Symbol | Class ID   |
| MID CAP INDEX FUND | NOMIX         | C000003419 |

---

### EMERGING MARKETS EQUITY INDEX FUND (Series ID: S000005358)

---

|  |  |  |
|:---|:---|:---|
| Class Name                         | Ticker Symbol | Class ID   |
| EMERGING MARKETS EQUITY INDEX FUND | NOEMX         | C000014609 |

---

### ACTIVE M INTERNATIONAL EQUITY FUND (Series ID: S000012492)

---

|  |  |  |
|:---|:---|:---|
| Class Name                         | Ticker Symbol | Class ID   |
| ACTIVE M INTERNATIONAL EQUITY FUND | NMIEX         | C000033959 |

---

### GLOBAL REAL ESTATE INDEX FUND (Series ID: S000012717)

---

|  |  |  |
|:---|:---|:---|
| Class Name                    | Ticker Symbol | Class ID   |
| GLOBAL REAL ESTATE INDEX FUND | NGREX         | C000034255 |

---

### BOND INDEX FUND (Series ID: S000015790)

---

|  |  |  |
|:---|:---|:---|
| Class Name      | Ticker Symbol | Class ID   |
| BOND INDEX FUND | NOBOX         | C000043366 |

---

### LIMITED TERM TAX-EXEMPT FUND (Series ID: S000018524)

---

|  |  |  |
|:---|:---|:---|
| Class Name                   | Ticker Symbol | Class ID   |
| LIMITED TERM TAX-EXEMPT FUND | NSITX         | C000051415 |

---

### World Selection Index Fund (Series ID: S000019579)

---

|  |  |  |
|:---|:---|:---|
| Class Name | Ticker Symbol | Class ID   |
| Class K    | NSRKX         | C000219384 |
| Class I    | NSRIX         | C000219385 |

---

### ACTIVE M EMERGING MARKETS EQUITY FUND (Series ID: S000024144)

---

|  |  |  |
|:---|:---|:---|
| Class Name                            | Ticker Symbol | Class ID   |
| ACTIVE M EMERGING MARKETS EQUITY FUND | NMMEX         | C000070886 |

---

### MULTI-MANAGER GLOBAL REAL ESTATE FUND (Series ID: S000024145)

---

|  |  |  |
|:---|:---|:---|
| Class Name                            | Ticker Symbol | Class ID   |
| MULTI-MANAGER GLOBAL REAL ESTATE FUND | NMMGX         | C000070887 |

---

### ULTRA-SHORT FIXED INCOME FUND (Series ID: S000025872)

---

|  |  |  |
|:---|:---|:---|
| Class Name                    | Ticker Symbol | Class ID   |
| ULTRA-SHORT FIXED INCOME FUND | NUSFX         | C000077366 |
| Siebert Williams Shank Shares | nan           | C000232975 |

---

### TAX-ADVANTAGED ULTRA-SHORT FIXED INCOME FUND (Series ID: S000025873)

---

|  |  |  |
|:---|:---|:---|
| Class Name                                   | Ticker Symbol | Class ID   |
| TAX-ADVANTAGED ULTRA-SHORT FIXED INCOME FUND | NTAUX         | C000077367 |

---

### MULTI-MANAGER HIGH YIELD OPPORTUNITY FUND (Series ID: S000026479)

---

|  |  |  |
|:---|:---|:---|
| Class Name                                | Ticker Symbol | Class ID   |
| MULTI-MANAGER HIGH YIELD OPPORTUNITY FUND | NMHYX         | C000079432 |

---

### GLOBAL TACTICAL ASSET ALLOCATION FUND (Series ID: S000033427)

---

|  |  |  |
|:---|:---|:---|
| Class Name                            | Ticker Symbol | Class ID   |
| GLOBAL TACTICAL ASSET ALLOCATION FUND | BBALX         | C000102783 |

---

### MULTI-MANAGER GLOBAL LISTED INFRASTRUCTURE FUND (Series ID: S000037667)

---

|  |  |  |
|:---|:---|:---|
| Class Name                                      | Ticker Symbol | Class ID   |
| MULTI-MANAGER GLOBAL LISTED INFRASTRUCTURE FUND | NMFIX         | C000116140 |

---

### CORE BOND FUND (Series ID: S000038895)

---

|  |  |  |
|:---|:---|:---|
| Class Name     | Ticker Symbol | Class ID   |
| CORE BOND FUND | NOCBX         | C000119673 |

---

### SHORT BOND FUND (Series ID: S000038896)

---

|  |  |  |
|:---|:---|:---|
| Class Name      | Ticker Symbol | Class ID   |
| SHORT BOND FUND | BSBAX         | C000119674 |

---

### U.S.TREASURY INDEX FUND (Series ID: S000038897)

---

|  |  |  |
|:---|:---|:---|
| Class Name               | Ticker Symbol | Class ID   |
| U.S. TREASURY INDEX FUND | BTIAX         | C000119675 |

---

### U.S. Quality ESG Fund (Series ID: S000055816)

---

|  |  |
|:---|:---|
| Class Name | Class ID   |
| Class I    | C000219386 |
| Class K    | C000219387 |

---

## Series and Classes Contracts Data

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

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

### SMALL CAP CORE FUND (Series ID: S000001244)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000219382 | Class K      |  |
| C000219383 | Class I      |  |

### SMALL CAP INDEX FUND (Series ID: S000001245)

| Class ID   | Class Name           | Ticker Symbol   |
|:---|:---|:---|
| C000003391 | SMALL CAP INDEX FUND | NSIDX           |

### SMALL CAP VALUE FUND (Series ID: S000001246)

| Class ID   | Class Name           | Ticker Symbol   |
|:---|:---|:---|
| C000003392 | SMALL CAP VALUE FUND | NOSGX           |

### STOCK INDEX FUND (Series ID: S000001247)

| Class ID   | Class Name       | Ticker Symbol   |
|:---|:---|:---|
| C000003393 | STOCK INDEX FUND | NOSIX           |

### ARIZONA TAX-EXEMPT FUND (Series ID: S000001249)

| Class ID   | Class Name              | Ticker Symbol   |
|:---|:---|:---|
| C000003395 | ARIZONA TAX-EXEMPT FUND | NOAZX           |

### CALIFORNIA INTERMEDIATE TAX-EXEMPT FUND (Series ID: S000001250)

| Class ID   | Class Name                              | Ticker Symbol   |
|:---|:---|:---|
| C000003396 | CALIFORNIA INTERMEDIATE TAX-EXEMPT FUND | NCITX           |

### CALIFORNIA TAX-EXEMPT FUND (Series ID: S000001251)

| Class ID   | Class Name                 | Ticker Symbol   |
|:---|:---|:---|
| C000003397 | CALIFORNIA TAX-EXEMPT FUND | NCATX           |

### FIXED INCOME FUND (Series ID: S000001252)

| Class ID   | Class Name        | Ticker Symbol   |
|:---|:---|:---|
| C000003398 | FIXED INCOME FUND | NOFIX           |

### HIGH YIELD FIXED INCOME FUND (Series ID: S000001256)

| Class ID   | Class Name                   | Ticker Symbol   |
|:---|:---|:---|
| C000003402 | HIGH YIELD FIXED INCOME FUND | NHFIX           |

### HIGH YIELD MUNICIPAL FUND (Series ID: S000001257)

| Class ID   | Class Name                | Ticker Symbol   |
|:---|:---|:---|
| C000003403 | HIGH YIELD MUNICIPAL FUND | NHYMX           |

### INTERMEDIATE TAX-EXEMPT FUND (Series ID: S000001258)

| Class ID   | Class Name                   | Ticker Symbol   |
|:---|:---|:---|
| C000003404 | INTERMEDIATE TAX-EXEMPT FUND | NOITX           |

### LIMITED TERM U.S. GOVERNMENT FUND (Series ID: S000001259)

| Class ID   | Class Name                        | Ticker Symbol   |
|:---|:---|:---|
| C000003405 | LIMITED TERM U.S. GOVERNMENT FUND | NSIUX           |

### TAX-EXEMPT FUND (Series ID: S000001260)

| Class ID   | Class Name      | Ticker Symbol   |
|:---|:---|:---|
| C000003406 | TAX-EXEMPT FUND | NOTEX           |

### U.S. GOVERNMENT FUND (Series ID: S000001261)

| Class ID   | Class Name           | Ticker Symbol   |
|:---|:---|:---|
| C000003407 | U.S. GOVERNMENT FUND | NOUGX           |

### U.S. GOVERNMENT MONEY MARKET FUND (Series ID: S000001266)

| Class ID   | Class Name                        | Ticker Symbol   |
|:---|:---|:---|
| C000003412 | U.S. GOVERNMENT MONEY MARKET FUND | NOGXX           |

### U.S. GOVERNMENT SELECT MONEY MARKET FUND (Series ID: S000001267)

| Class ID   | Class Name                               | Ticker Symbol   |
|:---|:---|:---|
| C000003413 | U.S. GOVERNMENT SELECT MONEY MARKET FUND | NOSXX           |

### INTERNATIONAL EQUITY INDEX FUND (Series ID: S000001268)

| Class ID   | Class Name                      | Ticker Symbol   |
|:---|:---|:---|
| C000003414 | INTERNATIONAL EQUITY INDEX FUND | NOINX           |

### INCOME EQUITY FUND (Series ID: S000001269)

| Class ID   | Class Name         | Ticker Symbol   |
|:---|:---|:---|
| C000003415 | INCOME EQUITY FUND | NOIEX           |

### 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           |

### MID CAP INDEX FUND (Series ID: S000001273)

| Class ID   | Class Name         | Ticker Symbol   |
|:---|:---|:---|
| C000003419 | MID CAP INDEX FUND | NOMIX           |

### EMERGING MARKETS EQUITY INDEX FUND (Series ID: S000005358)

| Class ID   | Class Name                         | Ticker Symbol   |
|:---|:---|:---|
| C000014609 | EMERGING MARKETS EQUITY INDEX FUND | NOEMX           |

### ACTIVE M INTERNATIONAL EQUITY FUND (Series ID: S000012492)

| Class ID   | Class Name                         | Ticker Symbol   |
|:---|:---|:---|
| C000033959 | ACTIVE M INTERNATIONAL EQUITY FUND | NMIEX           |

### GLOBAL REAL ESTATE INDEX FUND (Series ID: S000012717)

| Class ID   | Class Name                    | Ticker Symbol   |
|:---|:---|:---|
| C000034255 | GLOBAL REAL ESTATE INDEX FUND | NGREX           |

### BOND INDEX FUND (Series ID: S000015790)

| Class ID   | Class Name      | Ticker Symbol   |
|:---|:---|:---|
| C000043366 | BOND INDEX FUND | NOBOX           |

### LIMITED TERM TAX-EXEMPT FUND (Series ID: S000018524)

| Class ID   | Class Name                   | Ticker Symbol   |
|:---|:---|:---|
| C000051415 | LIMITED TERM TAX-EXEMPT FUND | NSITX           |

### World Selection Index Fund (Series ID: S000019579)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000219384 | Class K      | NSRKX           |
| C000219385 | Class I      | NSRIX           |

### ACTIVE M EMERGING MARKETS EQUITY FUND (Series ID: S000024144)

| Class ID   | Class Name                            | Ticker Symbol   |
|:---|:---|:---|
| C000070886 | ACTIVE M EMERGING MARKETS EQUITY FUND | NMMEX           |

### MULTI-MANAGER GLOBAL REAL ESTATE FUND (Series ID: S000024145)

| Class ID   | Class Name                            | Ticker Symbol   |
|:---|:---|:---|
| C000070887 | MULTI-MANAGER GLOBAL REAL ESTATE FUND | NMMGX           |

### ULTRA-SHORT FIXED INCOME FUND (Series ID: S000025872)

| Class ID   | Class Name                    | Ticker Symbol   |
|:---|:---|:---|
| C000077366 | ULTRA-SHORT FIXED INCOME FUND | NUSFX           |
| C000232975 | Siebert Williams Shank Shares |  |

### TAX-ADVANTAGED ULTRA-SHORT FIXED INCOME FUND (Series ID: S000025873)

| Class ID   | Class Name                                   | Ticker Symbol   |
|:---|:---|:---|
| C000077367 | TAX-ADVANTAGED ULTRA-SHORT FIXED INCOME FUND | NTAUX           |

### MULTI-MANAGER HIGH YIELD OPPORTUNITY FUND (Series ID: S000026479)

| Class ID   | Class Name                                | Ticker Symbol   |
|:---|:---|:---|
| C000079432 | MULTI-MANAGER HIGH YIELD OPPORTUNITY FUND | NMHYX           |

### GLOBAL TACTICAL ASSET ALLOCATION FUND (Series ID: S000033427)

| Class ID   | Class Name                            | Ticker Symbol   |
|:---|:---|:---|
| C000102783 | GLOBAL TACTICAL ASSET ALLOCATION FUND | BBALX           |

### MULTI-MANAGER GLOBAL LISTED INFRASTRUCTURE FUND (Series ID: S000037667)

| Class ID   | Class Name                                      | Ticker Symbol   |
|:---|:---|:---|
| C000116140 | MULTI-MANAGER GLOBAL LISTED INFRASTRUCTURE FUND | NMFIX           |

### CORE BOND FUND (Series ID: S000038895)

| Class ID   | Class Name     | Ticker Symbol   |
|:---|:---|:---|
| C000119673 | CORE BOND FUND | NOCBX           |

### SHORT BOND FUND (Series ID: S000038896)

| Class ID   | Class Name      | Ticker Symbol   |
|:---|:---|:---|
| C000119674 | SHORT BOND FUND | BSBAX           |

### U.S.TREASURY INDEX FUND (Series ID: S000038897)

| Class ID   | Class Name               | Ticker Symbol   |
|:---|:---|:---|
| C000119675 | U.S. TREASURY INDEX FUND | BTIAX           |

### U.S. Quality ESG Fund (Series ID: S000055816)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000219386 | Class I      |  |
| C000219387 | Class K      |  |

## FORM 24F-2NT: Annual Notice of Securities Sold Pursuant to Rule 24f-2

### 24F-2NT: Filer Information

**Filer CIK:** 916620

**Is this a LIVE or TEST Filing?:** LIVE

**Filer Investment Company Type:** N-1A

### 24F-2NT: Annual Filing Information

**1. Name and address of issuer:**

- **Name of Issuer:** Northern Funds

- **Address:** 50 South LaSalle Street, Chicago, IL 60603

**2. The Name and EDGAR Identifier of each series or class of securities for which this Form is filed:**

- [ ] Check box if the Form is being filed for all series and classes of the issuer.

**3. Investment Company Act File Number:** 811-08236

   **Securities Act File Number:** 033-73404

**4(a). Last day of fiscal year for which this Form is filed:** 03/31/2025

**4(b). Check box if this Form is being filed late:** [ ]

**4(c). Check box if this is the last time the issuer will be filing this Form:** [ ]

**5. Calculation of registration fee:**

- **(i) Aggregate sale price of securities sold during the fiscal year:** $113905258055.50

- **(ii) Aggregate price of securities redeemed or repurchased during the fiscal year:** $112418260423.00

- **(iii) Aggregate price of securities redeemed or repurchased during any prior fiscal year:** $11709976238.00

- **(iv) Total available redemption credits [add Items 5(ii) and 5(iii)]:** $124128236661.00

- **(v) Net sales:** $0.00

- **(vi) Redemption credits available for use in future years:** $-10222978605.50

- **(vii) Multiplier for determining registration fee:** 0.0001531

- **(viii) Registration fee due:** $0.00

**Signatures**

**Name and Title:** Randal E. Rein Treasurer

**Date:** 06/25/2025

**Signature:** Randal E. Rein