Emerging Markets Equity Index Fund
Northern Funds · 1 share class
Fund classification
Classified from what the fund holds · as of 2026 Q2
Emerging Markets Equity Index Fund is an emerging-markets equity index fund that tracks the MSCI Emerging Markets Index.
- Asset class
- Equity
- Region
- Emerging markets
- Management
- Index (passive)
- Fund type
- Open-end fund
Fund profile
As filed in the prospectus · 2025 Q3
The Fund seeks to provide investment results approximating the overall performance of the MSCI Emerging Markets Index (the Index).
The fund tracks the MSCI Emerging Markets Index using a replication strategy, holding substantially all securities in the index in approximately the same weightings, though it may optimize the portfolio to minimize tracking error and manage transaction costs when full replication is impracticable. Because the fund does not hold every security in the index or in identical proportions, its quarterly performance may diverge from the index. The fund includes exposure to China A-shares traded on mainland Chinese exchanges alongside depositary receipts and index futures.
| Share class | Gross | Net |
|---|---|---|
| NOEMX | 0.28% | 0.15% |
Net is what a holder pays after the adviser's contractual waiver; gross is before it. A waiver can expire.
Portfolio turnover 12.17% · as of 2025 Q3
Allocation
Asset groups · long / short shown separately, never netted · 2026 Q2
| Stocks | 97.72% |
| Derivatives | 2.73% |
| Cash & short-term | 1.40% |
Derivatives are shown at market value, not notional exposure.
Latest quarter
What changed since the fund's previous filing
Largest new: ICE Futures US futures, MPI CORP, KINGBOARD LAMINATES HLDGS, FEDERAL BANK LTD, VEDANTA ALUMINIUM METAL L, FULL TRUCK ALLIANCE C ADR, ITAU UNIBANCO HLDG. SA, MULTI CMDTY. EXCHANGE OF
Largest exited: ICE, AMMAN MINERAL INTERNASION, DIAN SWASTATIKA SENTOSA T, TOTVS SA, COMPAL ELECTNCS. INC, AXIA ENERGIA, HYUNDAI MOTOR INDIA LIMIT, CATCHER TECH. CO LTD
Return profile
Total return as filed — price change plus distributions reinvested · trailing figures to Apr 2026
May 2026 and Jun 2026 have been filed since the trailing figures were struck, so they are not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
Holdings
By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page
| Ticker | Issuer | %NAV | Reported price | Value | Shares |
|---|---|---|---|---|---|
| TSMWF | TAIWAN SEMICONDUCTOR MANUTSMWF | 14.80% | $76.79 | $455.64M | 5.9M |
| SSNLF | SAMSUNG ELECTRONICS CO KRSSNLF | 8.00% | $218.62 | $246.21M | 1.1M |
| — | SK HYNIX INC | 7.62% | $1,764.32 | $234.67M | 133.0K |
| — | ICE Futures US futures | 2.72% | — | $83.82M | — |
| TCTZF | TENCENT HOLDINGS LIMITEDTCTZF | 2.66% | $55.11 | $81.75M | 1.5M |
| BABAF | ALIBABA GRP. HLDG. LTDBABAF | 1.56% | $11.95 | $48.16M | 4.0M |
| — | MEDIATEK INC | 1.54% | $136.55 | $47.53M | 348.1K |
| — | NI US GOV T PORTFOLIO | 1.32% | — | $40.74M | — |
| — | DELTA ELECTRONIC TWD10 | 0.94% | $61.89 | $28.99M | 468.3K |
| — | SAMSUNG ELECTRONICS CO N | 0.88% | — | $27.11M | — |
Reported price is the fund's own reported value divided by its own reported shares at 2026-06-30 — not a live quote, and not what the fund paid.
Top 10 positions are 42.06% of net assets, top 25 50.49%, across 1.2K issuers.
See more of this fund's book
More positions with filed share counts, and the quarter-over-quarter change list rather than the largest few — free with an account, no card required.
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