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Northern Trust Asset Management Plans to Convert Six Mutual Funds to ETFs

NTRS
  • Northern Trust Asset Management plans to convert six mutual funds into ETFs during the first quarter of 2027.
  • The conversions aim to provide shareholders with increased tax efficiency, trading flexibility, & portfolio transparency while maintaining the firm's investment discipline.
  • The six funds being converted include Northern Stock Index Fund ($19.3B), Northern International Equity Index Fund ($6.7B), Northern Tax-Advantaged Ultra-Short Fixed Income Fund ($2.8B), Northern Mid Cap Index Fund ($2.3B), Northern Small Cap Index Fund ($1.6B), & Northern Income Equity Fund ($316M).
  • Fund board approval has been secured for the conversions, with advance notice provided to allow shareholders & distributors time to evaluate the changes.
  • Northern Trust Asset Management holds US$1.6 trillion in total assets under management & manages $27 billion in ETF assets as of June 30, 2026.