U.S. Quality ESG Fund
Data updated: 2026-08-28
C000219387 — U.S. Quality ESG Fund. United States Large Cap Blend / Core Thematic Equity · $369.33M AUM. Holdings, fees, performance and SEC filings.
C000219387 Fund Overview
U.S. Quality ESG Fund is a US mutual fund managed by Northern Funds, categorised as United States Large Cap Blend / Core Thematic 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 Large Cap Blend / Core Thematic Equity
- Assets under management: $369.33M
- 1-year return: 18.8%
- SEC CIK: 0000916620
- SEC series ID: S000055816
- Share class ID: C000219387
C000219387 Investment Objective and Strategy
U.S. Quality ESG 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 (plus borrowings for investment purposes) in equity securities of large and mid-capitalization U.S. companies that the investment adviser believes have favorable environmental, social and governance (ESG) characteristics under a third-party vendors rating methodology. For purposes of this definition, U.S. companies with a market capitalization within the range of the Russell 1000 Index will be considered large or mid-capitalization U.S. companies. As of May 31, 2018, the market capitalization of the companies in the Russell 1000 Index was between approximately $1.2 billion and $948.2 billion. Using a quantitative, factor based approach, the Fund intends to invest in companies that: (i) meet certain criteria for ESG factors as provided by a third-party research vendor; (ii) exhibit strong business fundamentals, solid management and reliable cash flows; and (iii) are located, headquartered in, incorporated in or otherwise organized in the United States.
The Fund expects its investments to be allocated among companies that are diversified in terms of industries and capitalization ranges. The Fund is managed according to a quantitative model developed by Northern Trust Investments, Inc. (NTI), the investment adviser to the Fund. To define an investable universe, NTI excludes securities of companies involved in ESG controversies or those that violate global norms like the United Nations Global Compact. NTI also removes companies that do a poor job of managing their ESG risks and opportunities relative to their peers as well as those with material involvement in controversial business practices, including, but not limited to, tobacco and civilian firearms. NTI engages a third-party research vendor to provide ESG data for U.S. companies. The third-party vendor identifies ESG areas of risk and opportunity, evaluates exposure and management, and ranks and rates companies against their industry peers.
After defining the investable universe, NTI evaluates the quality of the remaining securities and removes those securities that do not meet the proprietary quality methodology. NTIs quality methodology rates securities based on three categories of financial signals (profitability, management efficiency, and cash generation). The Fund is constructed based on an optimization methodology designed to take active exposure by overweighting and underweighting securities based on their ESG and relative financial quality rankings. NTI also performs a risk management analysis in which risk exposures are measured and managed on the security, sector and portfolio levels. NTI makes final purchase decisions based on the quantitative model described above and on a desired level of diversification. The Fund will normally sell a security that NTI believes is no longer attractive based upon the evaluation criteria described above.
As part of the optimization approach, risks such as sector and style tilt are managed. Further, the carbon footprint of the portfolio is reduced relative to the companies in the benchmark Russell 1000 Index.
C000219387 Holdings
Top 10 holdings of U.S. Quality ESG Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| NVIDIA Corp. | 7.48% |
| Apple, Inc. | 6.83% |
| Alphabet, Inc. | 5.47% |
| Microsoft Corp.com | 4.07% |
| Broadcom, Inc. | 3.22% |
| Amazon.com, Inc. | 2.78% |
| Applied Mats., Inc. | 2.09% |
| JPMorgan Chase & Co. | 1.97% |
| Lam Research Corp. | 1.91% |
| Abbvie, Inc. | 1.49% |
C000219387 Portfolio Allocation
Asset-class allocation of U.S. Quality ESG Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 99.3% |
| Cash & Equivalents | 1.1% |
| Derivatives | 0.6% |
C000219387 Performance
Total returns for C000219387 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 7.8% |
| 1 year | 18.8% |
| 3 years (annualised) | 17.6% |
| 5 years (annualised) | 11.2% |
C000219387 Risk Information
Risk metrics for C000219387, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 11.7%
C000219387 Costs and Fees
C000219387 costs about $39 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.39%
- Gross expense ratio: 0.44%
- Portfolio turnover: 20%
- Brokerage commissions: 1.00 bps of average net assets (SEC N-CEN)
C000219387 Cashflows
Over the 12 months to 2026-06, U.S. Quality ESG Fund had net outflows of $105.57M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-06 | $1.77M |
| 2026-05 | −$9.31M |
| 2026-04 | $11.67M |
| 2026-03 | −$87.45M |
| 2026-02 | $651.07K |
| 2026-01 | $1.36M |
C000219387 Debt Constituents
Largest debt holdings of U.S. Quality ESG Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| United States Tsy. 0.00% | 0.04% |
C000219387 Prospectus and SEC Filings
Official U.S. Quality ESG 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 Large Cap Blend / Core Thematic 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.