International Equity Index Fund

Northern Funds · 1 share class

Developed international equity index fund
One fund, 1 share class:NOINX
$6.73B NAV
686 positions · as of 2026-06-30 · filed 2026-08-28

Fund classification

Classified from what the fund holds · as of 2026 Q2

International Equity Index Fund is a developed international equity index fund that tracks the MSCI EAFE Index.

Asset class
Equity
Region
Developed international
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 aggregate price and dividend performance of the securities included in the MSCI EAFE Index (the Index).

Strategy · summarised

The fund tracks the MSCI EAFE Index, which covers large and mid-cap equities across 21 developed markets excluding the US and Canada, by holding substantially all index constituents in approximately their index weightings; it may optimize its portfolio to minimize tracking error and manage transaction costs when full replication is impracticable. Because the fund may not hold every security in the Index or in identical proportions, its quarterly performance may diverge from the Index.

Expenses
0.10%one share class
Share classGrossNet
NOINX0.16%0.10%

Net is what a holder pays after the adviser's contractual waiver; gross is before it. A waiver can expire.

Portfolio turnover 19.42% · as of 2025 Q3

Allocation

Asset groups · long / short shown separately, never netted · 2026 Q2

101.30%
of net assets
Stocks97.77%
Derivatives2.21%
Cash & short-term1.32%

Derivatives are shown at market value, not notional exposure.

Latest quarter

What changed since the fund's previous filing

2026Q2 vs 2026Q1: 20 new35 exited

Largest new: ICE Futures US futures, RESONAC HOLDINGS CORP NPV, FURUKAWA ELEC. CO LTD, TELECOM ITALIA SPA/MILANO, Eurex, MITSUI KINZOKU CO LTD, ENLIGHT RENEWABLE ENERGY, PLS GROUP LTD

Largest exited: LIFFE, TELECOM ITALIA SPA/MILANO, WISE PLC, NICE LTD, SEKISUI CHEM. CO LTD, JDE PEET S NV, TOKYU CORP, SHIMADZU CORP

Return profile

Total return as filed — price change plus distributions reinvested · trailing figures to Apr 2026

1-year
+25.60%
3-year
+54.73%
5-year
+54.58%
Volatility
13.96%
Worst 3-yr fall
-10.20%
Cumulative return· Jul 2023 – 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

Issuer%NAVValue
ASML HLDG. NVASMLF3.45%$232.37M
ICE Futures US futures2.02%$136.03M
HSBC HLDGS. PLCHBCYF1.47%$98.53M
ROCHE HLDG. AGRHHVF1.29%$87.13M
NOVARTIS AG CHF0.49NVSEF1.29%$86.57M
ASTRAZENECA PLC DIAZN1.27%$85.40M
NI US GOV T PORTFOLIO1.23%$82.90M
NESTLE SANSRGF1.19%$79.87M
SIEMENS AGSMAWF1.07%$72.04M
SHELL PLCRYDAF0.98%$65.67M
Showing 10 of 686Sign in to see more

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 15.26% of net assets, top 25 27.38%, across 678 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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