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Building Smart Portfolios

Our forward-looking, historically aware investment approach powers a breadth of capabilities and solutions — spanning a full spectrum of asset class strategies and investment styles — to meet a variety of portfolio needs.
Alternatives
Hedge Funds
Private Equity
Private Credit
Real Assets
Infrastructure
Real Estate
Multi-Asset
Global Tactical Asset Allocation
Diversified Strategist Portfolios
Alternatives
Hedge Funds
Private Equity
Private Credit
Real Assets
Infrastructure
Real Estate
Multi-Asset
Global Tactical Asset Allocation
Diversified Strategist Portfolios

Innovative Investment Products

We offer investment solutions and asset allocation informed by deep capital markets analysis.

Our comprehensive asset class offering includes a full suite of traditional index, quantitative strategies using factors, fundamental active strategies and multi-asset class solutions, available in a variety of investment vehicles.

Quantitative Equity

Quantitative Equity strategies seek to outperform a benchmark by exploiting market anomalies and behavioral biases using proprietary, quantitative models and processes to select securities, construct portfolios, and manage risk in an effort to deliver targeted outcomes.

Our Advantage

  • 1

    PROPRIETARY, MULTI-DIMENSIONAL FACTOR DEFINITIONS

    Our factor definitions are designed to be multi-dimensional, sector/region neutral and sector/region specific as applied.

  • 2

    MULTI-FACTOR PORTFOLIO CONSTRUCTION

    Our quantitative strategies combine multiple factors for optimal positive factor content while striving to reduce dilution or cancellation effect.

  • 3

    EFFICIENT USE OF RISK

    Strategies designed purposely to take risk intentionally — and seek to avoid unintended consequences.

Quantitative equity strategies target specific factors. These strategies do not seek to replicate the performance of a specified cap-weighted index; also, factors are cyclical in nature. Therefore, it is possible for these strategies to underperform an index.

Multi factor strategies seek diversification across a mix of factors but are subject to concentration risk: Investments within the same industry, region or security type tend to be highly correlated and cyclical in nature; unlike diversified investments, they may experience periods of underperformance/overperformance in tandem.

A ‘quality’ investment strategy, which seeks to invest in companies with high returns, stable earnings, and low financial leverage, is subject to the risk that the past performance of these companies does not continue. ‘Quality’ equity securities may outperform/underperform other securities or the overall stock market from time to time.

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Quantitative Active Equity Solutions

Quantitative Equity

Quantitative Equity strategies seek to outperform a benchmark by exploiting market anomalies and behavioral biases using proprietary, quantitative models and processes to select securities, construct portfolios, and manage risk in an effort to deliver targeted outcomes.

Our Advantage

  • 1

    PROPRIETARY, MULTI-DIMENSIONAL FACTOR DEFINITIONS

    Our factor definitions are designed to be multi-dimensional, sector/region neutral and sector/region specific as applied.

  • 2

    MULTI-FACTOR PORTFOLIO CONSTRUCTION

    Our quantitative strategies combine multiple factors for optimal positive factor content while striving to reduce dilution or cancellation effect.

  • 3

    EFFICIENT USE OF RISK

    Strategies designed purposely to take risk intentionally — and seek to avoid unintended consequences.

Quantitative equity strategies target specific factors. These strategies do not seek to replicate the performance of a specified cap-weighted index; also, factors are cyclical in nature. Therefore, it is possible for these strategies to underperform an index.

Multi factor strategies seek diversification across a mix of factors but are subject to concentration risk: Investments within the same industry, region or security type tend to be highly correlated and cyclical in nature; unlike diversified investments, they may experience periods of underperformance/overperformance in tandem.

A ‘quality’ investment strategy, which seeks to invest in companies with high returns, stable earnings, and low financial leverage, is subject to the risk that the past performance of these companies does not continue. ‘Quality’ equity securities may outperform/underperform other securities or the overall stock market from time to time.

Open Disclosures Hide Disclosures

Quantitative Active Equity Solutions

Quantitative Strategies

Quantitative Equity strategies seek to outperform a benchmark by exploiting market anomalies and behavioral biases using proprietary, quantitative models and processes to select securities, construct portfolios, and manage risk in an effort to deliver targeted outcomes.

Our Advantage

  • 1

    PROPRIETARY, MULTI-DIMENSIONAL FACTOR DEFINITIONS

    Our factor definitions are designed to be multi-dimensional, sector/region neutral and sector/region specific as applied.

  • 2

    MULTI-FACTOR PORTFOLIO CONSTRUCTION

    Our quantitative strategies combine multiple factors for optimal positive factor content while striving to reduce dilution or cancellation effect.

  • 3

    EFFICIENT USE OF RISK

    Strategies designed purposely to take risk intentionally — and avoid unintended consequences.

Quantitative equity strategies target specific factors. These strategies do not seek to replicate the performance of a specified cap-weighted index; also, factors are cyclical in nature. Therefore, it is possible for these strategies to underperform an index.

Multi factor strategies seek diversification across a mix of factors but are subject to concentration risk: Investments within the same industry, region or security type tend to be highly correlated and cyclical in nature; unlike diversified investments, they may experience periods of underperformance/overperformance in tandem.

A ‘quality’ investment strategy, which seeks to invest in companies with high returns, stable earnings, and low financial leverage, is subject to the risk that the past performance of these companies does not continue. ‘Quality’ equity securities may outperform/underperform other securities or the overall stock market from time to time.

Open Disclosures Hide Disclosures

Quantitative Active Equity products

Quantitative Equity

Quantitative Equity strategies seek to outperform a benchmark by exploiting market anomalies and behavioral biases using proprietary, quantitative models and processes to select securities, construct portfolios, and manage risk in an effort to deliver targeted outcomes.

Our Advantage

  • 1

    PROPRIETARY, MULTI-DIMENSIONAL FACTOR DEFINITIONS

    Our factor definitions are designed to be multi-dimensional, sector/region neutral and sector/region specific as applied.

  • 2

    MULTI-FACTOR PORTFOLIO CONSTRUCTION

    Our quantitative strategies combine multiple factors for optimal positive factor content while striving to reduce dilution or cancellation effect.

  • 3

    EFFICIENT USE OF RISK

    Strategies designed purposely to take risk intentionally — and avoid unintended consequences.

Quantitative equity strategies target specific factors. These strategies do not seek to replicate the performance of a specified cap-weighted index; also, factors are cyclical in nature. Therefore, it is possible for these strategies to underperform an index.

Multi factor strategies seek diversification across a mix of factors but are subject to concentration risk: Investments within the same industry, region or security type tend to be highly correlated and cyclical in nature; unlike diversified investments, they may experience periods of underperformance/overperformance in tandem.

A ‘quality’ investment strategy, which seeks to invest in companies with high returns, stable earnings, and low financial leverage, is subject to the risk that the past performance of these companies does not continue. ‘Quality’ equity securities may outperform/underperform other securities or the overall stock market from time to time.

Open Disclosures Hide Disclosures

Quantitative Active Equity Solutions

Quantitative Strategies

Quantitative Equity strategies seek to outperform a benchmark by exploiting market anomalies and behavioral biases using proprietary, quantitative models and processes to select securities, construct portfolios, and manage risk in an effort to deliver targeted outcomes.

Our Advantage

  • 1

    PROPRIETARY, MULTI-DIMENSIONAL FACTOR DEFINITIONS

    Our factor definitions are designed to be multi-dimensional, sector/region neutral and sector/region specific as applied.

  • 2

    MULTI-FACTOR PORTFOLIO CONSTRUCTION

    Our quantitative strategies combine multiple factors for optimal positive factor content while striving to reduce dilution or cancellation effect.

  • 3

    EFFICIENT USE OF RISK

    Strategies designed purposely to take risk intentionally — and avoid unintended consequences.

Quantitative equity strategies target specific factors. These strategies do not seek to replicate the performance of a specified cap-weighted index; also, factors are cyclical in nature. Therefore, it is possible for these strategies to underperform an index.

Multi factor strategies seek diversification across a mix of factors but are subject to concentration risk: Investments within the same industry, region or security type tend to be highly correlated and cyclical in nature; unlike diversified investments, they may experience periods of underperformance/overperformance in tandem.

A ‘quality’ investment strategy, which seeks to invest in companies with high returns, stable earnings, and low financial leverage, is subject to the risk that the past performance of these companies does not continue. ‘Quality’ equity securities may outperform/underperform other securities or the overall stock market from time to time.

Open Disclosures Hide Disclosures

Quantitative Active Equity products

Quantitative Strategies

Quantitative Equity strategies seek to outperform a benchmark by exploiting market anomalies and behavioral biases using proprietary, quantitative models and processes to select securities, construct portfolios, and manage risk in an effort to deliver targeted outcomes.

Our Advantage

  • 1

    PROPRIETARY, MULTI-DIMENSIONAL FACTOR DEFINITIONS

    Our factor definitions are designed to be multi-dimensional, sector/region neutral and sector/region specific as applied.

  • 2

    MULTI-FACTOR PORTFOLIO CONSTRUCTION

    Our quantitative strategies combine multiple factors for optimal positive factor content while striving to reduce dilution or cancellation effect.

  • 3

    EFFICIENT USE OF RISK

    Strategies designed purposely to take risk intentionally — and avoid unintended consequences.

Quantitative equity strategies target specific factors. These strategies do not seek to replicate the performance of a specified cap-weighted index; also, factors are cyclical in nature. Therefore, it is possible for these strategies to underperform an index.

Multi factor strategies seek diversification across a mix of factors but are subject to concentration risk: Investments within the same industry, region or security type tend to be highly correlated and cyclical in nature; unlike diversified investments, they may experience periods of underperformance/overperformance in tandem.

A ‘quality’ investment strategy, which seeks to invest in companies with high returns, stable earnings, and low financial leverage, is subject to the risk that the past performance of these companies does not continue. ‘Quality’ equity securities may outperform/underperform other securities or the overall stock market from time to time.

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Quantitative Active Equity products

ESG PASSIVE EQUITY

ESG Passive Equity strategies integrate environmental, social, and governance criteria and objectives, seeking to better manage risk and generate sustainable long-term returns.

Possible Sustainable Investing Consideration Examples

Possible Sustainable Investing Consideration Examples
Possible Sustainable Investing Consideration Examples

Our Advantage

  • 1

    EXPERIENCE

    More than 30 years experience constucting and innovating sustainable investment strategies.

  • 2

    BREADTH OF ESG SOLUTIONS

    Our ESG strategies provide a broad range of solutions, incorporating exclusionary screens, best-in-class ESG integration, and/or thematic investing.

  • 3

    ACTIVELY ENGAGE COMPANIES

    We engage with investee companies through Hermes EOS to advocate change on environmental, social, governance and strategy-risk-communication themes.

Best-in-class ESG is industry terminology referring to an investment approach that selects companies that are leaders in implementing ESG.

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ESG Passive Equity Solutions

ESG Passive Equity

ESG Passive Equity strategies integrate environmental, social, and governance criteria and objectives, seeking to better manage risk and generate sustainable long-term returns.

Possible Sustainable Investing Consideration Examples

Possible Sustainable Investing Consideration Examples
Possible Sustainable Investing Consideration Examples

Our Advantage

  • 1

    EXPERIENCE

    More than 30 years experience constucting and innovating sustainable investment strategies.

  • 2

    BREADTH OF ESG SOLUTIONS

    Our ESG strategies provide a broad range of solutions, incorporating exclusionary screens, best-in-class ESG integration, and/or thematic investing.

  • 3

    ACTIVELY ENGAGE COMPANIES

    We engage with investee companies through Hermes EOS to advocate change on environmental, social, governance and strategy-risk-communication themes.

Best-in-class ESG is industry terminology referring to an investment approach that selects companies that are leaders in implementing ESG.

Open Disclosures Hide Disclosures

ESG Passive Equity Solutions

ESG Passive Equity

ESG Passive Equity strategies integrate environmental, social, and governance criteria and objectives, seeking to better manage risk and generate sustainable long-term returns.

Sustainable Investing Considerations

Sustainable Investing Considerations
Sustainable Investing Considerations

Our Advantage

  • 1

    EXPERIENCE

    More than 30 years experience constucting and innovating sustainable investment strategies.

  • 2

    BREADTH OF ESG SOLUTIONS

    Our ESG strategies provide a broad range of solutions, incorporating exclusionary screens, best-in-class ESG integration, and thematic investing.

  • 3

    ACTIVELY ENGAGE COMPANIES

    We engage with investee companies through Hermes EOS to advocate change on environmental, social, governance and strategy-risk-communication themes.

Best-in-class ESG is industry terminology referring to an investment approach that selects companies that are leaders in implementing ESG.

Open Disclosures Hide Disclosures

ESG Passive Equity Solutions

ESG Passive Equity

ESG Passive Equity strategies integrate environmental, social, and governance criteria and objectives, seeking to better manage risk and generate sustainable long-term returns.

Sustainable Investing Considerations

Sustainable Investing Considerations
Sustainable Investing Considerations

Our Advantage

  • 1

    EXPERIENCE

    More than 30 years experience constucting and innovating sustainable investment strategies.

  • 2

    BREADTH OF ESG SOLUTIONS

    Our ESG strategies provide a broad range of solutions, incorporating exclusionary screens, best-in-class ESG integration, and thematic investing.

  • 3

    ACTIVELY ENGAGE COMPANIES

    We engage with investee companies through Hermes EOS to advocate change on environmental, social, governance and strategy-risk-communication themes.

Best-in-class ESG is industry terminology referring to an investment approach that selects companies that are leaders in implementing ESG.

Open Disclosures Hide Disclosures

ESG Passive Equity Solutions

Multi-Asset Strategies

Success is improving investor outcomes. We believe an optimal strategic asset allocation combined with an active tactical view provides a strong investor foundation while seeking to capitalize on near-term market opportunities.

Multi-asset strategies are constructed with multiple asset classes and designed to meet target returns or achieve investor outcomes. We can deliver these solutions as total or completion portfolios in scalable vehicles, model portfolios or bespoke solutions.

10-year Capital Market Assumptions

Leveraging decades of capital markets expertise in global asset allocation, Northern Trust Multi-Asset strategies puts our asset class outlook, market forecasts and global investment themes into action. We seek to create an optimal and efficient mix of global equities, fixed income, real assets and cash in an effort to outperform. With precise and targeted exposures to equity and fixed income risk factors, our strategies are built with ETFs and mutual funds designed to create risk-, cost- and tax-efficient portfolios.

10-year Capital Market Assumptions
10-year Capital Market Assumptions

Our Advantage

  • 1

    Optimize Strategic Allocation

    Our strategic asset allocation serves as the foundation of the portfolio and is grounded by our “forward-looking, historically aware” approach.

  • 2

    CAPITALIZE ON MARKET OPPORTUNITIES

    We seek to add value by exploiting near-term financial market opportunities and incorporating active risk constraints on asset class overweights/underweights.

  • 3

    TARGET FACTOR EXPOSURES

    We implement targeted factor exposures in our portfolio using exchange-traded funds designed to improve risk, cost, and tax efficiency.

Multi-asset strategies invest in a broad range of global assets such as equities, bonds, deposits, cash, property and commodities. An asset allocation strategy does not guarantee any specific result nor protect against loss. The underlying assets in a multi-asset class strategy may be subject to equity risk: equity securities are more volatile than other asset classes and may fluctuate in value; interest rate risk: increases in prevailing interest rates may cause underlying fixed income securities to decline in value; and international risk: international investing involves increased risk and volatility.

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Multi-Asset Class Products

Multi-Asset Strategies

Success is improving investor outcomes. We believe an optimal strategic asset allocation combined with an active tactical view provides a strong investor foundation while seeking to capitalize on near-term market opportunities.

Multi-asset strategies are constructed with multiple asset classes and designed to meet target returns or achieve investor outcomes. We can deliver these solutions as total or completion portfolios in scalable vehicles, model portfolios or bespoke solutions.

10-year Capital Market Assumptions

Leveraging decades of capital markets expertise in global asset allocation, Northern Trust Multi-Asset strategies puts our asset class outlook, market forecasts and global investment themes into action. We seek to create an optimal and efficient mix of global equities, fixed income, real assets and cash in an effort to outperform. With precise and targeted exposures to equity and fixed income risk factors, our strategies are built with ETFs and mutual funds designed to create risk-, cost- and tax-efficient portfolios.

10-year Capital Market Assumptions
10-year Capital Market Assumptions

Our Advantage

  • 1

    Optimize Strategic Allocation

    Our strategic asset allocation serves as the foundation of the portfolio and is grounded by our “forward-looking, historically aware” approach.

  • 2

    CAPITALIZE ON MARKET OPPORTUNITIES

    We seek to add value by exploiting near-term financial market opportunities and incorporating active risk constraints on asset class overweights/underweights.

  • 3

    TARGET FACTOR EXPOSURES

    We implement targeted factor exposures in our portfolio using exchange-traded funds designed to improve risk, cost, and tax efficiency.

Multi-asset strategies invest in a broad range of global assets such as equities, bonds, deposits, cash, property and commodities. An asset allocation strategy does not guarantee any specific result nor protect against loss. The underlying assets in a multi-asset class strategy may be subject to equity risk: equity securities are more volatile than other asset classes and may fluctuate in value; interest rate risk: increases in prevailing interest rates may cause underlying fixed income securities to decline in value; and international risk: international investing involves increased risk and volatility.

Open Disclosures Hide Disclosures

Multi-Asset Class Products

Fixed Income

A comprehensive suite of fixed income solutions, focused on preservation of capital and income, for taxable and tax-exempt investors.

Fixed Income Solutions to Fit Your Needs

Spanning the fixed income spectrum, we offer an efficient mix of risk asset portfolios and risk-control asset portfolios based on risk tolerance.

Graph showing risk verses return

Starting on the left side bottom of the graph continuing to the right go the top side of the graph

  • Cash management low risk low return

    High quality securities structured to preserve principle, generate income and provide daily liquidity.

  • Ultra Short more risk more return

    Total Return Portfolio invested in high quality instruments overnight to five years.

  • core/core plus medium risk medium return

    Total Return Portfolio focusing on sector allocation, security selection and duration/yield curve management.

  • High yield High risk high return

    Total Return Portfolio focusing on high yield bonds.

CASH MANAGEMEN T ULTRA SHOR T CORE / CORE PLU S HIGH YIEL D Risk Return (%)

Cash Management

High quality securities structured to preserve principle, generate income and provide daily liquidity.

Ultra Short

Total Return Portfolio invested in high quality instruments overnight to five years.

Core / Core Plus

Total Return Portfolio focusing on sector allocation, security selection and duration/yield curve management.

High Yield

Total Return Portfolio focusing on high yield bonds.

Our Advantage

  • 1

    Experience

    More than 40 years experience managing high-quality, well-diversified portfolios.

  • 2

    Comprehensive Process

    Our investment process integrates proprietary research, strategy, and portfolio management to uncover relative value in the marketplace.

  • 3

    Range of Solutions

    Spanning the spectrum of fixed income and using multiple investment vehicles and currencies.

Our fixed income strategies invest in government and corporate debt securities, either seeking to track or outperform an index. Fixed income investing is subject to: interest rate risk: increases in prevailing interest rates may cause underlying fixed income securities to decline in value; and credit risk: the possibility that the issuer of the bond will not be able to repay the principal and make interest payments.

Open Disclosures Hide Disclosures

Fixed Income Solutions

Fixed Income

A comprehensive suite of fixed income solutions, focused on preservation of capital and income, for taxable and tax-exempt investors.

Fixed Income Solutions to Fit Your Needs

Spanning the fixed income spectrum, we offer an efficient mix of risk asset portfolios and risk-control asset portfolios based on risk tolerance.

Graph showing risk verses return

Starting on the left side bottom of the graph continuing to the right go the top side of the graph

  • Cash management low risk low return

    High quality securities structured to preserve principle, generate income and provide daily liquidity.

  • Ultra Short more risk more return

    Total Return Portfolio invested in high quality instruments overnight to five years.

  • core/core plus medium risk medium return

    Total Return Portfolio focusing on sector allocation, security selection and duration/yield curve management.

  • High yield High risk high return

    Total Return Portfolio focusing on high yield bonds.

CASH MANAGEMEN T ULTRA SHOR T CORE / CORE PLU S HIGH YIEL D Risk Return (%)

Cash Management

High quality securities structured to preserve principle, generate income and provide daily liquidity.

Ultra Short

Total Return Portfolio invested in high quality instruments overnight to five years.

Core / Core Plus

Total Return Portfolio focusing on sector allocation, security selection and duration/yield curve management.

High Yield

Total Return Portfolio focusing on high yield bonds.

Our Advantage

  • 1

    Experience

    More than 40 years experience managing high-quality, well-diversified portfolios.

  • 2

    Comprehensive Process

    Our investment process integrates proprietary research, strategy, and portfolio management to uncover relative value in the marketplace.

  • 3

    Range of Solutions

    Spanning the spectrum of fixed income and using multiple investment vehicles and currencies.

Our fixed income strategies invest in government and corporate debt securities, either seeking to track or outperform an index. Fixed income investing is subject to: interest rate risk: increases in prevailing interest rates may cause underlying fixed income securities to decline in value; and credit risk: the possibility that the issuer of the bond will not be able to repay the principal and make interest payments.

Open Disclosures Hide Disclosures

Fixed Income Solutions

Fixed Income

A comprehensive suite of fixed income solutions, focused on preservation of capital and income, for taxable and tax-exempt investors.

Fixed Income Solutions to Fit Your Needs

Spanning the fixed income spectrum, we offer an efficient mix of risk asset portfolios and risk-control asset portfolios based on risk tolerance.

Graph showing risk verses return

Starting on the left side bottom of the graph continuing to the right go the top side of the graph

  • Cash management low risk low return

    High quality securities structured to preserve principle, generate income and provide daily liquidity.

  • Ultra Short more risk more return

    Total Return Portfolio invested in high quality instruments overnight to five years.

  • core/core plus medium risk medium return

    Total Return Portfolio focusing on sector allocation, security selection and duration/yield curve management.

  • High yield High risk high return

    Total Return Portfolio focusing on high yield bonds.

CASH MANAGEMEN T ULTRA SHOR T CORE / CORE PLU S HIGH YIEL D Risk Return (%)

Cash Management

High quality securities structured to preserve principle, generate income and provide daily liquidity.

Ultra Short

Total Return Portfolio invested in high quality instruments overnight to five years.

Core / Core Plus

Total Return Portfolio focusing on sector allocation, security selection and duration/yield curve management.

High Yield

Total Return Portfolio focusing on high yield bonds.

Our Advantage

  • 1

    Experience

    More than 40 years experience managing high-quality, well-diversified portfolios.

  • 2

    Comprehensive Process

    Our investment process integrates proprietary research, strategy and portfolio management to uncover relative value in the marketplace.

  • 3

    Range of Solutions

    Spanning the spectrum of fixed income and using multiple investment vehicles and currencies.

Our fixed income strategies invest in government and corporate debt securities, either seeking to track or outperform an index. Fixed income investing is subject to: interest rate risk: increases in prevailing interest rates may cause underlying fixed income securities to decline in value; and credit risk: the possibility that the issuer of the bond will not be able to repay the principal and make interest payments.

Open Disclosures Hide Disclosures

Fixed Income Products

Fixed Income

A comprehensive suite of fixed income solutions, focused on preservation of capital and income, for taxable and tax-exempt investors.

Fixed Income Solutions to Fit Your Needs

Spanning the fixed income spectrum, we offer an efficient mix of risk asset portfolios and risk-control asset portfolios based on risk tolerance.

Graph showing risk verses return

Starting on the left side bottom of the graph continuing to the right go the top side of the graph

  • Cash management low risk low return

    High quality securities structured to preserve principle, generate income and provide daily liquidity.

  • Ultra Short more risk more return

    Total Return Portfolio invested in high quality instruments overnight to five years.

  • core/core plus medium risk medium return

    Total Return Portfolio focusing on sector allocation, security selection and duration/yield curve management.

  • High yield High risk high return

    Total Return Portfolio focusing on high yield bonds.

CASH MANAGEMEN T ULTRA SHOR T CORE / CORE PLU S HIGH YIEL D Risk Return (%)

Cash Management

High quality securities structured to preserve principle, generate income and provide daily liquidity.

Ultra Short

Total Return Portfolio invested in high quality instruments overnight to five years.

Core / Core Plus

Total Return Portfolio focusing on sector allocation, security selection and duration/yield curve management.

High Yield

Total Return Portfolio focusing on high yield bonds.

Our Advantage

  • 1

    Experience

    More than 40 years experience managing high-quality, well-diversified portfolios.

  • 2

    Comprehensive Process

    Our investment process integrates proprietary research, strategy, and portfolio management to uncover relative value in the marketplace.

  • 3

    Range of Solutions

    Spanning the spectrum of fixed income and using multiple investment vehicles and currencies.

Our fixed income strategies invest in government and corporate debt securities, either seeking to track or outperform an index. Fixed income investing is subject to: interest rate risk: increases in prevailing interest rates may cause underlying fixed income securities to decline in value; and credit risk: the possibility that the issuer of the bond will not be able to repay the principal and make interest payments.

Open Disclosures Hide Disclosures

Fixed Income Solutions

Fixed Income

A comprehensive suite of fixed income solutions, focused on preservation of capital and income, for taxable and tax-exempt investors.

Fixed Income Solutions to Fit Your Needs

Spanning the fixed income spectrum, we offer an efficient mix of risk asset portfolios and risk-control asset portfolios based on risk tolerance.

Graph showing risk verses return

Starting on the left side bottom of the graph continuing to the right go the top side of the graph

  • Cash management low risk low return

    High quality securities structured to preserve principle, generate income and provide daily liquidity.

  • Ultra Short more risk more return

    Total Return Portfolio invested in high quality instruments overnight to five years.

  • core/core plus medium risk medium return

    Total Return Portfolio focusing on sector allocation, security selection and duration/yield curve management.

  • High yield High risk high return

    Total Return Portfolio focusing on high yield bonds.

CASH MANAGEMEN T ULTRA SHOR T CORE / CORE PLU S HIGH YIEL D Risk Return (%)

Cash Management

High quality securities structured to preserve principle, generate income and provide daily liquidity.

Ultra Short

Total Return Portfolio invested in high quality instruments overnight to five years.

Core / Core Plus

Total Return Portfolio focusing on sector allocation, security selection and duration/yield curve management.

High Yield

Total Return Portfolio focusing on high yield bonds.

Our Advantage

  • 1

    Experience

    More than 40 years experience managing high-quality, well-diversified portfolios.

  • 2

    Comprehensive Process

    Our investment process integrates proprietary research, strategy, and portfolio management to uncover relative value in the marketplace.

  • 3

    Range of Solutions

    Spanning the spectrum of fixed income and using multiple investment vehicles and currencies.

Our fixed income strategies invest in government and corporate debt securities, either seeking to track or outperform an index. Fixed income investing is subject to: interest rate risk: increases in prevailing interest rates may cause underlying fixed income securities to decline in value; and credit risk: the possibility that the issuer of the bond will not be able to repay the principal and make interest payments.

Open Disclosures Hide Disclosures

Fixed Income Products

Fixed Income

A comprehensive suite of fixed income solutions, focused on preservation of capital and income, for taxable and tax-exempt investors.

Fixed Income Solutions to Fit Your Needs

Spanning the fixed income spectrum, we offer an efficient mix of risk asset portfolios and risk-control asset portfolios based on risk tolerance.

Graph showing risk verses return

Starting on the left side bottom of the graph continuing to the right go the top side of the graph

  • Cash management low risk low return

    High quality securities structured to preserve principle, generate income and provide daily liquidity.

  • Ultra Short more risk more return

    Total Return Portfolio invested in high quality instruments overnight to five years.

  • core/core plus medium risk medium return

    Total Return Portfolio focusing on sector allocation, security selection and duration/yield curve management.

  • High yield High risk high return

    Total Return Portfolio focusing on high yield bonds.

CASH MANAGEMEN T ULTRA SHOR T CORE / CORE PLU S HIGH YIEL D Risk Return (%)

Cash Management

High quality securities structured to preserve principle, generate income and provide daily liquidity.

Ultra Short

Total Return Portfolio invested in high quality instruments overnight to five years.

Core / Core Plus

Total Return Portfolio focusing on sector allocation, security selection and duration/yield curve management.

High Yield

Total Return Portfolio focusing on high yield bonds.

Our Advantage

  • 1

    Experience

    More than 40 years experience managing high-quality, well-diversified portfolios.

  • 2

    Comprehensive Process

    Our investment process integrates proprietary research, strategy and portfolio management to uncover relative value in the marketplace.

  • 3

    Range of Solutions

    Spanning the spectrum of fixed income and using multiple investment vehicles and currencies.

Our fixed income strategies invest in government and corporate debt securities, either seeking to track or outperform an index. Fixed income investing is subject to: interest rate risk: increases in prevailing interest rates may cause underlying fixed income securities to decline in value; and credit risk: the possibility that the issuer of the bond will not be able to repay the principal and make interest payments.

Open Disclosures Hide Disclosures

Fixed Income Products

Liquidity Solutions

As one of the largest cash and ultra-short managers in the world, we work with institutions to optimize their liquidity assets so they can achieve their short- and long-term objectives.

Our Advantage

  • 1

    Principal Preservation

    Strict risk-controls and credit reviews ensure we never lose sight of this primary investment objective.

  • 2

    Liquidity Optimization

    Solutions designed to help clients meet their cash flow needs while maintaining optimal portfolio liquidity.

  • 3

    Responsible Investing

    Established solutions that enable investors to support minority- and women-owned firms.

As one of the largest cash managers in the world, we take great pride in the trust investors place in us each and every day to manage their liquidity needs. We recognize our position of strength in the market — and we thoughtfully leverage it to help our clients achieve their objectives.

We've managed liquidity solutions through countless market and macroeconomic environments for 40+ years. While markets may rapidly change, our approach remains deeply rooted in risk management and high quality securities.

Scale and deep portfolio construction expertise enable the success and flexibility of our global platform. It affords us the ability to integrate experts across macroeconomic analysis, credit research and risk management while maintaining a focused investment process.

Our cash management strategies invest in short-term government and corporate debt instruments. (Bonds and money market instruments) While generally subject to lower levels of risk than investing in equities or longer term debt, the strategies are not risk free. Risks include credit risk: that the lender may default; and liquidity risk: that it may be difficult to value or sell at the desired time or price.

Open Disclosures Hide Disclosures

LIQUIDITY SOLUTIONS

Liquidity Solutions

As one of the largest cash and ultra-short managers in the world, we work with institutions to optimize their liquidity assets so they can achieve their short- and long-term objectives.

Our Advantage

  • 1

    Principal Preservation

    Strict risk-controls and credit reviews ensure we never lose sight of this primary investment objective.

  • 2

    Liquidity Optimization

    Solutions designed to help clients meet their cash flow needs while maintaining optimal portfolio liquidity.

  • 3

    Responsible Investing

    Established solutions that enable investors to support minority- and women-owned firms.

As one of the largest cash managers in the world, we take great pride in the trust investors place in us each and every day to manage their liquidity needs. We recognize our position of strength in the market — and we thoughtfully leverage it to help our clients achieve their objectives.

We've managed liquidity solutions through countless market and macroeconomic environments for 40+ years. While markets may rapidly change, our approach remains deeply rooted in risk management and high quality securities.

Scale and deep portfolio construction expertise enable the success and flexibility of our global platform. It affords us the ability to integrate experts across macroeconomic analysis, credit research and risk management while maintaining a focused investment process.

Our cash management strategies invest in short-term government and corporate debt instruments. (Bonds and money market instruments) While generally subject to lower levels of risk than investing in equities or longer term debt, the strategies are not risk free. Risks include credit risk: that the lender may default; and liquidity risk: that it may be difficult to value or sell at the desired time or price.

Open Disclosures Hide Disclosures

LIQUIDITY SOLUTIONS

Liquidity Solutions

As one of the largest cash and ultra-short managers in the world, we work with institutions to optimize their liquidity assets so they can achieve their short- and long-term objectives.

Our Advantage

  • 1

    Principal Preservation

    Strict risk-controls and credit reviews ensure we never lose sight of this primary investment objective.

  • 2

    Liquidity Optimization

    Solutions designed to help clients meet their cash flow needs while maintaining optimal portfolio liquidity.

  • 3

    Responsible Investing

    Established solutions that enable investors to support minority- and women-owned firms.

As one of the largest cash managers in the world, we take great pride in the trust investors place in us each and every day to manage their liquidity needs. We recognize our position of strength in the market — and we thoughtfully leverage it to help our clients achieve their objectives.

We've managed liquidity solutions through countless market and macroeconomic environments for 40+ years. While markets may rapidly change, our approach remains deeply rooted in risk management and high quality securities.

Scale and deep portfolio construction expertise enable the success and flexibility of our global platform. It affords us the ability to integrate experts across macroeconomic analysis, credit research and risk management while maintaining a focused investment process.

Our cash management strategies invest in short-term government and corporate debt instruments. (Bonds and money market instruments) While generally subject to lower levels of risk than investing in equities or longer term debt, the strategies are not risk free. Risks include credit risk: that the lender may default; and liquidity risk: that it may be difficult to value or sell at the desired time or price.

Open Disclosures Hide Disclosures

LIQUIDITY SOLUTIONS

Liquidity Solutions

As one of the largest cash and ultra-short managers in the world, we work with institutions to optimize their liquidity assets so they can achieve their short- and long-term objectives.

Our Advantage

  • 1

    Principal Preservation

    Strict risk-controls and credit reviews ensure we never lose sight of this primary investment objective.

  • 2

    Liquidity Optimization

    Solutions designed to help clients meet their cash flow needs while maintaining optimal portfolio liquidity.

  • 3

    Responsible Investing

    Established solutions that enable investors to support minority- and women-owned firms.

As one of the largest cash managers in the world, we take great pride in the trust investors place in us each and every day to manage their liquidity needs. We recognize our position of strength in the market — and we thoughtfully leverage it to help our clients achieve their objectives.

We've managed liquidity solutions through countless market and macroeconomic environments for 40+ years. While markets may rapidly change, our approach remains deeply rooted in risk management and high quality securities.

Scale and deep portfolio construction expertise enable the success and flexibility of our global platform. It affords us the ability to integrate experts across macroeconomic analysis, credit research and risk management while maintaining a focused investment process.

Our cash management strategies invest in short-term government and corporate debt instruments. (Bonds and money market instruments) While generally subject to lower levels of risk than investing in equities or longer term debt, the strategies are not risk free. Risks include credit risk: that the lender may default; and liquidity risk: that it may be difficult to value or sell at the desired time or price.

Open Disclosures Hide Disclosures

LIQUIDITY SOLUTIONS

Liquidity Solutions

As one of the largest cash and ultra-short managers in the world, we work with institutions to optimize their liquidity assets so they can achieve their short- and long-term objectives.

Our Advantage

  • 1

    Principal Preservation

    Strict risk-controls and credit reviews ensure we never lose sight of this primary investment objective.

  • 2

    Liquidity Optimization

    Solutions designed to help clients meet their cash flow needs while maintaining optimal portfolio liquidity.

  • 3

    Responsible Investing

    Established solutions that enable investors to support minority- and women-owned firms.

As one of the largest cash managers in the world, we take great pride in the trust investors place in us each and every day to manage their liquidity needs. We recognize our position of strength in the market — and we thoughtfully leverage it to help our clients achieve their objectives.

We've managed liquidity solutions through countless market and macroeconomic environments for 40+ years. While markets may rapidly change, our approach remains deeply rooted in risk management and high quality securities.

Scale and deep portfolio construction expertise enable the success and flexibility of our global platform. It affords us the ability to integrate experts across macroeconomic analysis, credit research and risk management while maintaining a focused investment process.

Our cash management strategies invest in short-term government and corporate debt instruments. (Bonds and money market instruments) While generally subject to lower levels of risk than investing in equities or longer term debt, the strategies are not risk free. Risks include credit risk: that the lender may default; and liquidity risk: that it may be difficult to value or sell at the desired time or price.

Open Disclosures Hide Disclosures

LIQUIDITY SOLUTIONS

Liquidity Solutions

As one of the largest cash and ultra-short managers in the world, we work with institutions to optimize their liquidity assets so they can achieve their short- and long-term objectives.

Our Advantage

  • 1

    Principal Preservation

    Strict risk-controls and credit reviews ensure we never lose sight of this primary investment objective.

  • 2

    Liquidity Optimization

    Solutions designed to help clients meet their cash flow needs while maintaining optimal portfolio liquidity.

  • 3

    Responsible Investing

    Established solutions that enable investors to support minority- and women-owned firms.

As one of the largest cash managers in the world, we take great pride in the trust investors place in us each and every day to manage their liquidity needs. We recognize our position of strength in the market — and we thoughtfully leverage it to help our clients achieve their objectives.

We've managed liquidity solutions through countless market and macroeconomic environments for 40+ years. While markets may rapidly change, our approach remains deeply rooted in risk management and high quality securities.

Scale and deep portfolio construction expertise enable the success and flexibility of our global platform. It affords us the ability to integrate experts across macroeconomic analysis, credit research and risk management while maintaining a focused investment process.

Our cash management strategies invest in short-term government and corporate debt instruments. (Bonds and money market instruments) While generally subject to lower levels of risk than investing in equities or longer term debt, the strategies are not risk free. Risks include credit risk: that the lender may default; and liquidity risk: that it may be difficult to value or sell at the desired time or price.

Open Disclosures Hide Disclosures

Liquidity Solutions

Real Assets

Global real estate, global listed infrastructure and natural resources are examples of real assets that aim to serve specific purposes in multi-asset portfolios. Use each individually or combined to provide diversification, inflation protection and income generation.

Our Advantage

  • 1

    Diversification

    Investors tend to look for assets that can "zig" as equities "zag", while also providing a return premium. "Risk asset" portfolios can be further diversified via real assets given their lower correlation to equity exposures.

  • 2

    Inflation protection

    An equity based strategy towards natural resources or global listed infrastructure can offer inflation protection while mitigating risks of a futures-based approach.

  • 3

    Income generation

    Global listed infrastructure and real estate can provide dividend yields that can supplement or replace the income provided by fixed income. In these assets, cash dividends can potentially be increased if inflationary pressures intensify.

We believe that infrastructure, natural resources, and real estate are strong portfolio diversifiers with lower correlations to traditional equities. Exposure to real assets traditionally has been useful for investors concerned about the impact of long-term inflation. These exposures may offer the potential for long-term protection because the value of these assets and income distributions have been shown to increase with rising prices. In addition to providing strong inflation protection, real assets are particularly well-positioned for the early stages of a new economic expansion. Real Assets companies have a strong fundamentals and are currently focused on capital discipline; instead of plowing profits back into projects as they did for much of the past decade, they are increasingly bolstering balance sheets and returning cash to shareholders. This is supporting not only capital appreciation, but also income generation more broadly.

Real Assets Products

Real Assets

Global real estate, global listed infrastructure and natural resources are examples of real assets that aim to serve specific purposes in multi-asset portfolios. Use each individually or combined to provide diversification, inflation protection and income generation.

Our Advantage

  • 1

    Diversification

    Investors tend to look for assets that can "zig" as equities "zag", while also providing a return premium. "Risk asset" portfolios can be further diversified via real assets given their lower correlation to equity exposures.

  • 2

    Inflation protection

    An equity based strategy towards natural resources or global listed infrastructure can offer inflation protection while mitigating risks of a futures-based approach.

  • 3

    Income generation

    Global listed infrastructure and real estate can provide dividend yields that can supplement or replace the income provided by fixed income. In these assets, cash dividends can potentially be increased if inflationary pressures intensify.

We believe that infrastructure, natural resources, and real estate are strong portfolio diversifiers with lower correlations to traditional equities. Exposure to real assets traditionally has been useful for investors concerned about the impact of long-term inflation. These exposures may offer the potential for long-term protection because the value of these assets and income distributions have been shown to increase with rising prices. In addition to providing strong inflation protection, real assets are particularly well-positioned for the early stages of a new economic expansion. Real Assets companies have a strong fundamentals and are currently focused on capital discipline; instead of plowing profits back into projects as they did for much of the past decade, they are increasingly bolstering balance sheets and returning cash to shareholders. This is supporting not only capital appreciation, but also income generation more broadly.

Real Assets Products

Alternatives

Solutions from 50 South Capital
Gain access to highly sought after fund managers through a range of diversified private equity and hedge fund solutions.

Our Advantage

  • 1

    Global Platform

    Integrated, global platform to source, vet, select and monitor managers and portfolios.

  • 2

    Skilled Manager Selection

    A distinct focus on skilled, small-to-mid-sized managers to capture talent and opportunities early.

  • 3

    Opportunistic Capital Allocation

    Dynamic and flexible capital allocation process to quickly respond to opportunities and risks.

A trusted alternatives partner with unique access to leading investment opportunities.

50 South Capital's investment approach focuses on providing exposure to managers and investment opportunities that investors would have difficulty accessing on their own. Their highly experienced team works closely with a wide range of investors to fulfill specific investment objectives and develop long-term relationships.

Alternatives Products

Multi Manager

Multi Manager Products

Outsourced CIO

Outsourced CIO

Northern Trust Asset Management

Northern Trust Asset Management is a global investment manager that helps investors navigate changing market environments in efforts to realize their long-term objectives.

Entrusted with $1.1 trillion of investor assets as of June 30, 2023, we understand that investing ultimately serves a greater purpose and believe investors should be compensated for the risks they take — in all market environments and any investment strategy.

$885 Billion in A U M1

That’s why we combine robust capital markets research, expert portfolio construction and comprehensive risk management to craft innovative and efficient solutions that deliver targeted investment outcomes.

As engaged contributors to our communities, we consider it a great privilege to serve our investors and our communities with integrity, respect, and transparency.

1Assets under management as of December 31, 2018. For the Northern Trust Asset Management entities included in the A U M total, please see disclosure at end of this page.
Institutional, Global
John Abunassar
Head of Global Institutional Client Group
Institutional, International
Gerard van Leusden
Head of International Institutional Client Group
International
John McCareins, CAIA, CIMA
Head of International
Financial Intermediaries/RIAs
Michael Natale
Head of Intermediary Distribution
Media Inquiries
Joanne Zalatoris
Asset Management Media Relations
New York