Small Cap Core Fund
Data updated: 2026-08-28
C000219382 — Small Cap Core Fund. United States Small Cap Blend / Core Equity · $398.55M AUM. Holdings, fees, performance and SEC filings.
C000219382 Fund Overview
Small Cap Core Fund is a US mutual fund managed by Northern Funds, categorised as United States Small 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: United States Small Cap Blend / Core Equity
- Assets under management: $398.55M
- 1-year return: 38.6%
- SEC CIK: 0000916620
- SEC series ID: S000001244
- Share class ID: C000219382
C000219382 Investment Objective and Strategy
Small Cap Core 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 long-term capital appreciation. Any income received is incidental to this objective.
Principal investment strategy
In seeking long-term capital appreciation, the Fund will invest, under normal circumstances, at least 80% of its net assets in equity securities of small capitalization companies. Small capitalization companies generally are considered to be those whose market capitalization is, at the time the Fund makes an investment, within the range of the market capitalization of companies in the Russell 2000 Index. Companies whose capitalization no longer meets this definition after purchase may continue to be considered small capitalization companies. As of May 31, 2018, the market capitalization of the companies in the Russell 2000 Index was between approximately $13.8 million and $12.6 billion. The size of companies in the Russell 2000 Index changes with market conditions. In addition, changes to the composition of the Russell 2000 Index can change the market capitalization range of companies in the Russell 2000 Index.
The Fund is not limited to the stocks included in the Russell 2000 Index and may invest in other stocks that meet the criteria of the Funds investment adviser discussed below. Using quantitative analysis (evaluation of financial data), the Funds investment adviser buys securities of small capitalization companies that it believes have favorable characteristics such as earnings quality and/or competitive returns on equity relative to their peers. The team may sell securities in order to maintain the desired portfolio characteristics of the Fund. In determining whether a company has favorable characteristics, the Funds investment adviser uses an evaluation process that includes, but is not limited to: Quantitative review of fundamental factors such as earnings metrics and capital deployment; Risk management analysis in which risk exposures are measured and managed at the security, sector and portfolio levels; and Systematic evaluations of new securities with attractive attributes and reevaluations of portfolio holdings.
Many of the companies in which the Fund invests retain their earnings to finance current and future growth. These companies generally pay little or no dividends. The Funds investment adviser may engage in active trading, and will not consider portfolio turnover a limiting factor in making decisions for the Fund. Frank Russell Company does not endorse any of the securities in the Russell 2000 Index. It is not a sponsor of the Small Cap Core Fund and is not affiliated with the Fund in any way.
C000219382 Holdings
Top 10 holdings of Small Cap Core Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Northern Institutional Liquid Asset Portfolio | 5.19% |
| Chicago Mercantile Exchange | 3.55% |
| Ni US Gov T Portfolio | 3.45% |
| Argan, Inc. | 0.45% |
| Viasat, Inc. | 0.38% |
| Brightspring Health Servs | 0.35% |
| Cytokinetics, Inc. | 0.35% |
| Moog, Inc. | 0.34% |
| Interdigital, Inc. | 0.33% |
| Jfrog Ltd. | 0.33% |
C000219382 Portfolio Allocation
Asset-class allocation of Small Cap Core Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 96.3% |
| Cash & Equivalents | 8.6% |
| Derivatives | 3.6% |
| Fixed Income | 0.3% |
C000219382 Performance
Total returns for C000219382 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 23.0% |
| 1 year | 38.6% |
| 3 years (annualised) | 17.9% |
| 5 years (annualised) | 8.5% |
C000219382 Risk Information
Risk metrics for C000219382, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 13.8%
C000219382 Costs and Fees
C000219382 costs about $41 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.41%
- Gross expense ratio: 0.48%
- Portfolio turnover: 19%
- Brokerage commissions: 3.14 bps of average net assets (SEC N-CEN)
C000219382 Cashflows
Over the 12 months to 2026-06, Small Cap Core Fund had net outflows of $24.06M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-06 | −$3.40M |
| 2026-05 | −$5.09M |
| 2026-04 | −$4.17M |
| 2026-03 | −$2.57M |
| 2026-02 | −$3.34M |
| 2026-01 | −$6.63M |
C000219382 Debt Constituents
Largest debt holdings of Small Cap Core Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| United States Tsy. 0.00% | 0.26% |
C000219382 Prospectus and SEC Filings
Official Small Cap Core 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 2026-08-04
- 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 United States Small 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.