Northern Funds International Equity Index Fund Q4 2025 Commentary

Northern Trust Asset Management11 FollowersFollow5ShareSavePlay(3min)CommentsSummaryInternational equities outperformed US equities, as measured by the S&P 500 index which returned 2.66% in the fourth quarter.The top performing countries over this time period were Austria and Finland, returning 17.92% and 14.27% respectively.The top performing sectors over this time period were Utilities and Health Care, returning 10.15% and 9.73% respectively. Hiroshi Watanabe/DigitalVision via Getty Images Fund Commentary In the fourth quarter of 2025, the MSCI EAFE ND index (Fund Index) returned 4.86%. International equities outperformed US equities, as measured by the S&P 500 index which returned 2.66% in the fourth quarter.This article was written byNorthern Trust Asset Management11 FollowersFollowNorthern 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 $1.2 trillion in assets under management as of March 31, 2024, 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. That’s why we combine robust capital markets research, expert portfolio construction and comprehensive risk management in an effort to craft innovative and efficient solutions that seek to 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.

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