World Selection Index Fund
Data updated: 2026-08-28
C000054440 — World Selection Index Fund. Global (incl. US) Large Cap Blend / Core Equity · $2.23B AUM. Holdings, fees, performance and SEC filings.
C000054440 Fund Overview
World Selection Index Fund is a US mutual fund managed by Northern Funds, categorised as Global (incl. US) Large Cap Blend / Core Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Northern Funds
- Category: Global (incl. US) Large Cap Blend / Core Equity
- Assets under management: $2.23B
- 1-year return: 9.2%
- SEC CIK: 0000916620
- SEC series ID: S000019579
- Share class ID: C000054440
C000054440 Investment Objective and Strategy
World Selection Index Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Northern Funds.
Investment objective
The Fund seeks to provide investment results approximating the overall performance of the securities included in the MSCI World ESG Leaders Index SM .
Principal investment strategy
Under normal circumstances, the Fund will invest substantially all (and at least 80%) of its net assets in equity securities included in the MSCI World ESG Leaders Index SM , in weightings that approximate the relative composition of the securities contained in the MSCI World ESG Leaders Index. The MSCI World ESG Leaders Index is a free float-adjusted, market capitalization-weighted index comprised of large- and mid-capitalization developed market companies in Asia-Pacific, Europe and the Middle East, Canada and the United States. The Index holds a broad, diversified set of global companies, selected based on regional sector rankings of environmental, social and governance performance. As of May 31, 2018, the MSCI World ESG Leaders Index consisted of issuers from the following 23 developed market countries: Australia, Austria, Belgium, Canada, Denmark, Finland, France, Germany, Hong Kong, Ireland, Israel, Italy, Japan, the Netherlands, New Zealand, Norway, Portugal, Singapore, Spain, Sweden, Switzerland, the United Kingdom and the United States.
As of May 31, 2018, the MSCI World ESG Leaders Index comprised of 803 issuers, and the market capitalization of the companies in the MSCI World ESG Leaders Index was between $874.6 million and $724.4 billion. It is rebalanced quarterly. The MSCI World ESG Leaders Index includes the highest-ranked companies in each regional sector based on environmental, social and governance screening and research criteria applied by the index provider. Rankings are based on qualitative and quantitative analysis. The MSCI World ESG Leaders Index has no automatic industry exclusions. For companies involved in alcohol, gambling, firearms, nuclear power, tobacco and weapons manufacturing, the index provider conducts case-by-case evaluations to determine MSCI World ESG Leaders Index inclusion/exclusion eligibility.
The index provider analyzes companies involved in alcohol and gambling to determine how and to what extent their commercial activities contribute to social problems caused by gambling and alcohol abuse. The index provider analyzes companies involved in nuclear power generation to determine how and to what extent their commercial activities promulgate risks associated with nuclear power production, plant safety, security and waste disposal. The index provider evaluates tobacco manufacturers in the context of the social problems associated with tobacco including addiction, second-hand smoke and the negative external costs tied to tobacco-related illness. It weighs heavily the large negative impact on society of tobacco products when evaluating a tobacco manufacturers overall sustainability performance.
The index provider evaluates military weapons contractors and firearms companies in terms of the types of weapons they produce or for which they supply components. The index provider also considers their role in the global arms trade, contribution to global weapons proliferation and lobbying and contracting practices. The Fund is passively managed, which means it tries to duplicate the investment composition and performance of the MSCI World ESG Leaders Index using computer programs and statistical procedures. The Funds investment adviser will buy and sell securities in response to changes in the MSCI World ESG Leaders Index. The Fund will have fees and transaction expenses while the MSCI World ESG Leaders Index has none. Therefore, the Funds returns may be below those of the MSCI World ESG Leaders Index.
The Fund invests in substantially all of the securities in the MSCI World ESG Leaders Index in approximately the same proportions as the index (i.e., replication). The proportions of the Funds assets allocated to each country will approximate and vary with the relative country weights and countries included in the MSCI World ESG Leaders Index. The Funds investment adviser expects that, under normal circumstances, the quarterly performance of the Fund, before expenses, will track the performance of the MSCI World ESG Leaders Index within a 0.95 correlation coefficient. Morgan Stanley Capital International, Inc. (MSCI) does not endorse any of the securities in the MSCI World ESG Leaders Index. It is not a sponsor of the Global Sustainability Index Fund and is not affiliated with the Fund in any way.
C000054440 Holdings
Top 10 holdings of World Selection Index Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| NVIDIA Corp. | 9.67% |
| Microsoft Corp.com | 5.51% |
| Alphabet, Inc. | 4.36% |
| Alphabet, Inc. | 3.42% |
| Tesla, Inc. | 2.48% |
| Eli Lilly & Co.com Npv | 2.02% |
| Advanced Micro Devices In | 1.98% |
| Asml Hldg. NV | 1.61% |
| International Monetary Market | 1.34% |
| Ni US Gov T Portfolio | 1.30% |
C000054440 Portfolio Allocation
Asset-class allocation of World Selection Index Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 98.2% |
| Derivatives | 1.8% |
| Cash & Equivalents | 1.4% |
C000054440 Performance
Total returns for C000054440 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 9.2% |
C000054440 Risk Information
Risk metrics for C000054440, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 20.8%
C000054440 Costs and Fees
C000054440 costs about $30 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.30%
- Gross expense ratio: 0.30%
- Portfolio turnover: 8%
- Brokerage commissions: 0.71 bps of average net assets (SEC N-CEN)
C000054440 Cashflows
Over the 12 months to 2026-06, World Selection Index Fund had net outflows of $45.15M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-06 | $19.75M |
| 2026-05 | −$20.12M |
| 2026-04 | −$868.83K |
| 2026-03 | $4.77M |
| 2026-02 | $45.44M |
| 2026-01 | $27.87M |
C000054440 Debt Constituents
No individual debt constituents are reported in World Selection Index Fund's latest SEC N-PORT filing.
C000054440 Prospectus and SEC Filings
Official World Selection Index Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2025-07-29
- Prospectus (485BPOS) — filed 2024-07-26
- Prospectus supplement (497) — filed 2026-08-05
- Portfolio holdings (N-PORT) — filed 2026-08-28
- Portfolio holdings (N-PORT) — filed 2026-05-28
- Portfolio holdings (N-PORT) — filed 2026-02-26
- Annual census (N-CEN) — filed 2026-06-10
- Annual census (N-CEN) — filed 2025-06-12
Related Funds
Other Global (incl. US) Large Cap Blend / Core Equity funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.