Northern Global Tactical Asset Allocation Fund BBALX Strategy

The investment seeks to provide long-term capital appreciation and current income. The fund will generally seek exposure to a number of different asset classes based on an asset allocation framework developed by the Investment Policy Committee of Northern Trust. The asset classes in which it seeks to obtain exposure include but are not limited to small-, mid‑ and large-capitalization common stocks; real estate securities; commodity-related securities; mortgage- and asset-backed securities; and fixed-income securities, including high yield securities and money market instruments.