Multi-Manager Global Listed Infrastructure Fund

Fund Profile

Fund profile

Tickers

NMFIX

Fund manager

Northern Funds

Total assets

$1.02 bn

Liabilities

$429.85 k

Net assets

$1.02 bn

Number of holdings

123.00

123 Holdings

As of Sep 2024

Security	$Holding	Balance	% of Fund	Category	Position	Country
National Grid PLC ORD GBP0.12431289	30.04 mm	2.18 mm shares	2.95	Common equity	Long	UK
NEE NextEra Energy, Inc.	26.61 mm	314.75 k shares	2.61	Common equity	Long	USA
EXC Exelon Corporation	24.72 mm	609.57 k shares	2.43	Common equity	Long	USA
FER Ferrovial SE	24.70 mm	573.79 k shares	2.42	Common equity	Long	Netherlands
NSC Norfolk Southern Corporation	24.59 mm	98.97 k shares	2.41	Common equity	Long	USA
Vinci SA EUR2.50	23.82 mm	203.58 k shares	2.34	Common equity	Long	France
Northern Institutional Funds GOVT PTFL	22.85 mm	22.85 mm shares	2.24	Short-term investment vehicle	Long	USA
National Grid PLC ORD GBP0.12431289	21.15 mm	1.53 mm shares	2.08	Common equity	Long	UK
Transurban Group STAPLED UNITS NPV	20.49 mm	2.26 mm shares	2.01	Common equity	Long	Australia
AEP American Electric Power Company, Inc.	20.35 mm	198.34 k shares	2.00	Common equity	Long	USA
Snam S.p.A. NPV	20.20 mm	3.97 mm shares	1.98	Common equity	Long	Italy
AMT American Tower Corporation	19.78 mm	85.06 k shares	1.94	Common equity	Long	USA
LNG Cheniere Energy, Inc.	17.83 mm	99.17 k shares	1.75	Common equity	Long	USA
ES Eversource Energy	17.01 mm	249.90 k shares	1.67	Common equity	Long	USA
DUK Duke Energy Corporation	16.67 mm	144.55 k shares	1.64	Common equity	Long	USA
UNP Union Pacific Corporation	16.45 mm	66.75 k shares	1.62	Common equity	Long	USA
United Utilities Group PLC ORD GBP0.05	15.05 mm	1.08 mm shares	1.48	Common equity	Long	UK
RWE AG NPV	14.98 mm	411.96 k shares	1.47	Common equity	Long	Germany
TERNA - Rete Elettrica Nazionale S.p.A. ORD EUR0.22	14.68 mm	1.63 mm shares	1.44	Common equity	Long	Italy
Severn Trent PLC ORD GBP0.9789	14.52 mm	410.93 k shares	1.43	Common equity	Long	UK
SBAC SBA Communications Corporation	14.43 mm	59.93 k shares	1.42	Common equity	Long	USA
NEE NextEra Energy, Inc.	14.19 mm	167.86 k shares	1.39	Common equity	Long	USA
CSX CSX Corporation	13.66 mm	395.48 k shares	1.34	Common equity	Long	USA
D Dominion Energy, Inc.	13.44 mm	232.55 k shares	1.32	Common equity	Long	USA
FUT. EMINI S&P DEC24	13.37 mm	46.00 contracts	1.31	Equity derivative	N/A	USA
XEL Xcel Energy Inc.	12.84 mm	196.62 k shares	1.26	Common equity	Long	USA
Getlink SE EUR0.40	12.54 mm	703.14 k shares	1.23	Common equity	Long	France
UZAPF Flughafen Zürich AG	11.55 mm	48.00 k shares	1.13	Common equity	Long	Switzerland
National Grid PLC ORD GBP0.12431289	11.00 mm	797.72 k shares	1.08	Common equity	Long	UK
Atlas Arteria Ltd. NPV(STAPLED)	10.69 mm	3.16 mm shares	1.05	Common equity	Long	Australia
NSC Norfolk Southern Corporation	10.65 mm	42.85 k shares	1.05	Common equity	Long	USA
FUT. ICUS MSCI EAF DEC24	10.57 mm	85.00 contracts	1.04	Equity derivative	N/A	XX
The Renewables Infrastructure Group Ltd ORD NPV	10.25 mm	7.34 mm shares	1.01	Common equity	Long	Guernsey
Northland Power Inc. COM NPV	10.21 mm	591.74 k shares	1.00	Common equity	Long	Canada
Hera SpA EUR1	9.61 mm	2.41 mm shares	0.94	Common equity	Long	Italy
PAC Grupo Aeroportuario del Pacífico, S.A.B. de C.V.	9.56 mm	551.32 k shares	0.94	Common equity	Long	Mexico
EXC Exelon Corporation	9.51 mm	234.56 k shares	0.93	Common equity	Long	USA
Transurban Group STAPLED UNITS NPV	9.46 mm	1.04 mm shares	0.93	Common equity	Long	Australia
WM Waste Management, Inc.	9.07 mm	43.67 k shares	0.89	Common equity	Long	USA
Ccr SA COM NPV	9.03 mm	4.02 mm shares	0.89	Common equity	Long	Brazil
Italgas SpA NPV	9.02 mm	1.49 mm shares	0.89	Common equity	Long	Italy
AMT American Tower Corporation	9.02 mm	38.77 k shares	0.88	Common equity	Long	USA
SBAC SBA Communications Corporation	8.98 mm	37.32 k shares	0.88	Common equity	Long	USA
Atlas Arteria Ltd. NPV(STAPLED)	8.83 mm	2.61 mm shares	0.87	Common equity	Long	Australia
ENAKF E.ON SE	8.77 mm	589.65 k shares	0.86	Common equity	Long	Germany
EQIX Equinix, Inc.	8.70 mm	9.80 k shares	0.85	Common equity	Long	USA
Orsted A/S DKK10	8.67 mm	130.34 k shares	0.85	Common equity	Long	Denmark
West Japan Railway Co. NPV	8.58 mm	451.50 k shares	0.84	Common equity	Long	Japan
Grupo Aeroportuario del Sureste S.A.B. de C.V. SER'B'NPV	8.26 mm	292.38 k shares	0.81	Common equity	Long	Mexico
International Public Partnerships Limited ORD GBP0.0001	8.11 mm	4.72 mm shares	0.80	Common equity	Long	Guernsey
Power Assets Holdings Ltd. NPV	7.85 mm	1.23 mm shares	0.77	Common equity	Long	Hong Kong
EVRG Evergy, Inc.	7.84 mm	126.38 k shares	0.77	Common equity	Long	USA
Severn Trent PLC ORD GBP0.9789	7.72 mm	218.39 k shares	0.76	Common equity	Long	UK
ORA Ormat Technologies, Inc.	7.56 mm	98.26 k shares	0.74	Common equity	Long	USA
ENN Energy Holdings Ltd. HKD0.10	7.56 mm	999.00 k shares	0.74	Common equity	Long	Cayman Islands
AQN Algonquin Power & Utilities Corp.	7.43 mm	1.36 mm shares	0.73	Common equity	Long	Canada
Northern Institutional Funds GOVT PTFL	7.41 mm	7.41 mm shares	0.73	Short-term investment vehicle	Long	USA
TRGP Targa Resources Corp.	7.05 mm	47.63 k shares	0.69	Common equity	Long	USA
CK Infrastructure Holdings Ltd. HKD1	7.04 mm	1.03 mm shares	0.69	Common equity	Long	Bermuda
WTRG Essential Utilities, Inc.	6.98 mm	180.95 k shares	0.69	Common equity	Long	USA
HRNNF Hydro One Limited	6.90 mm	199.13 k shares	0.68	Common equity	Long	Canada
AES The AES Corporation	6.74 mm	336.24 k shares	0.66	Common equity	Long	USA
BG Bunge Global SA	6.62 mm	68.53 k shares	0.65	Common equity	Long	Switzerland
LNT Alliant Energy Corporation	6.41 mm	105.69 k shares	0.63	Common equity	Long	USA
Promotora y Operadora de Infraestructura SA COM NPV	6.26 mm	659.91 k shares	0.61	Common equity	Long	Mexico
UGI UGI Corporation	6.21 mm	248.31 k shares	0.61	Common equity	Long	USA
Veolia Environnement S.A. EUR5	6.13 mm	186.21 k shares	0.60	Common equity	Long	France
DTM DT Midstream, Inc.	6.13 mm	77.89 k shares	0.60	Common equity	Long	USA
AWK American Water Works Company, Inc.	6.09 mm	41.63 k shares	0.60	Common equity	Long	USA
GFL GFL Environmental Inc.	6.07 mm	152.25 k shares	0.60	Common equity	Long	Canada
AEP American Electric Power Company, Inc.	6.05 mm	58.98 k shares	0.59	Common equity	Long	USA
Greencoat Renewables PLC EUR0.01	5.92 mm	5.71 mm shares	0.58	Common equity	Long	Ireland
EIX Edison International	5.74 mm	65.97 k shares	0.56	Common equity	Long	USA
United Utilities Group PLC ORD GBP0.05	5.69 mm	406.34 k shares	0.56	Common equity	Long	UK
Vinci SA EUR2.50	5.66 mm	48.35 k shares	0.56	Common equity	Long	France
ARE Alexandria Real Estate Equities, Inc.	5.43 mm	45.71 k shares	0.53	Common equity	Long	USA
ATGFF AltaGas Ltd.	5.32 mm	215.10 k shares	0.52	Common equity	Long	Canada
Sse PLC GBP0.50	5.20 mm	206.14 k shares	0.51	Common equity	Long	UK
Infrastrutture Wireless Italiane SpA NPV	5.14 mm	417.72 k shares	0.50	Common equity	Long	Italy
Pennon Group PLC ORD GBP0.6105	5.11 mm	645.38 k shares	0.50	Common equity	Long	UK
Enel S.p.A. EUR1	4.97 mm	622.03 k shares	0.49	Common equity	Long	Italy
Hera SpA EUR1	4.82 mm	1.21 mm shares	0.47	Common equity	Long	Italy
IBDSF Iberdrola, S.A.	4.59 mm	296.80 k shares	0.45	Common equity	Long	Spain
Siemens AG NPV	4.56 mm	22.59 k shares	0.45	Common equity	Long	Germany
Pennon Group PLC ORD GBP0.6105	4.39 mm	554.89 k shares	0.43	Common equity	Long	UK
UZAPF Flughafen Zürich AG	4.16 mm	17.28 k shares	0.41	Common equity	Long	Switzerland
Guangdong Investment Ltd. NPV	4.14 mm	6.15 mm shares	0.41	Common equity	Long	Hong Kong
ACM AECOM	4.04 mm	39.08 k shares	0.40	Common equity	Long	USA
AY Atlantica Sustainable Infrastructure plc	3.97 mm	180.82 k shares	0.39	Common equity	Long	UK
Vestas Wind Systems AS DKK0.20	3.96 mm	179.41 k shares	0.39	Common equity	Long	Denmark
Vh Global Sustainable Energy Opportunities Plc ORD GBP0.01	3.91 mm	3.88 mm shares	0.38	Common equity	Long	UK
Kurita Water Industries Ltd. NPV	3.80 mm	88.00 k shares	0.37	Common equity	Long	Japan
TRMB Trimble Inc.	3.68 mm	59.33 k shares	0.36	Common equity	Long	USA
Ses Sa	3.65 mm	728.22 k shares	0.36	Common equity	Long	Luxembourg
Sse PLC GBP0.50	3.56 mm	141.31 k shares	0.35	Common equity	Long	UK
HASI Hannon Armstrong Sustainable Infrastructure Capital, Inc.	3.52 mm	102.20 k shares	0.35	Common equity	Long	USA
Japan Airport Terminal Co. Ltd. NPV	3.46 mm	96.30 k shares	0.34	Common equity	Long	Japan
Ag Growth International Inc. COM NPV	3.43 mm	85.68 k shares	0.34	Common equity	Long	Canada
Beijing Capital International Airport Co Ltd. 'H'CNY1	3.31 mm	8.87 mm shares	0.32	Common equity	Long	China
Aena SME S.A. EUR10	3.29 mm	14.95 k shares	0.32	Common equity	Long	Spain
Northern Institutional Funds GOVT PTFL	3.21 mm	3.21 mm shares	0.32	Short-term investment vehicle	Long	USA
ADRZF Andritz AG	3.01 mm	42.38 k shares	0.30	Common equity	Long	Austria
VMI Valmont Industries, Inc.	2.99 mm	10.32 k shares	0.29	Common equity	Long	USA
FSLR First Solar, Inc.	2.94 mm	11.79 k shares	0.29	Common equity	Long	USA
REN - Redes Energeticas Nacionais, SGPS, S.A EUR1	2.87 mm	1.07 mm shares	0.28	Common equity	Long	Portugal
ENPH Enphase Energy, Inc.	2.55 mm	22.58 k shares	0.25	Common equity	Long	USA
Guangdong Investment Ltd. NPV	2.53 mm	3.76 mm shares	0.25	Common equity	Long	Hong Kong
Northern Institutional Funds GOVT PTFL	2.43 mm	2.43 mm shares	0.24	Short-term investment vehicle	Long	USA
Eutelsat Communications SA EUR1	2.33 mm	524.75 k shares	0.23	Common equity	Long	France
Cadeler A/S DKK1	2.30 mm	328.30 k shares	0.23	Common equity	Long	Denmark
PNW Pinnacle West Capital Corporation	2.16 mm	24.39 k shares	0.21	Common equity	Long	USA
Landis & Gyr Group AG CHF10	2.08 mm	22.41 k shares	0.20	Common equity	Long	Switzerland
WLDN Willdan Group, Inc.	2.06 mm	50.33 k shares	0.20	Common equity	Long	USA
China Water Affair Group Ltd HKD0.01	1.98 mm	2.98 mm shares	0.19	Common equity	Long	Bermuda
SJW SJW Group	1.87 mm	32.12 k shares	0.18	Common equity	Long	USA
SBS Companhia de Saneamento Básico do Estado de São Paulo - SABESP	1.71 mm	103.23 k shares	0.17	Common equity	Long	Brazil
LAND Gladstone Land Corporation	1.52 mm	109.36 k shares	0.15	Common equity	Long	USA
Cia Saneamento Minas Gerais COM NPV	1.45 mm	340.27 k shares	0.14	Common equity	Long	Brazil
Beijing Enterprises Water Group Ltd. HKD0.10	1.13 mm	3.62 mm shares	0.11	Common equity	Long	Bermuda
B 0 10/03/24	1.01 mm	1.01 mm principal	0.10	Debt	Long	USA
CCI Crown Castle Inc.	806.92 k	6.80 k shares	0.08	Common equity	Long	USA
Fraport AG NPV	578.90 k	10.39 k shares	0.06	Common equity	Long	Germany
B 0 03/27/25	14.69 k	15.00 k principal	0.00	Debt	Long	USA