Northern Large Cap Core Fund Q4 2025 Commentary

Northern Trust Asset Management11 FollowersFollow5ShareSavePlay(3min)CommentsSummaryThe fourth quarter of 2025 saw continued gains and new all-time highs for the S&P 500.The Large Cap Core Fund outperformed its benchmark for the quarter.We believe the Fund's focus on high quality securities is positioned well as economic conditions shift and market volatility remains elevated. Cn0ra/iStock via Getty Images The fourth quarter of 2025 saw continued gains and new all-time highs for the S&P 500. Better-than-expected GDP data and continued strength in corporate earnings overshadowed weakening employment data.

The Federal Reserve continued to cut short-term interestThis 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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