SEC Info  
    Home      Search      My Interests      Help      Sign In      Please Sign In

Deloitte & Touche LLP – ‘40-17F2’ on 4/24/15 re: Northern Funds

On:  Friday, 4/24/15, at 4:12pm ET   ·   Effective:  4/24/15   ·   Accession #:  1050269-15-10   ·   File #:  811-08236

Previous ‘40-17F2’:  ‘40-17F2’ on 3/31/15   ·   Next:  ‘40-17F2’ on 4/28/15   ·   Latest:  ‘40-17F2’ on 3/1/24

Find Words in Filings emoji
 
  in    Show  and   Hints

  As Of                Filer                Filing    For·On·As Docs:Size              Issuer

 4/24/15  Deloitte & Touche LLP             40-17F2     4/24/15    1:11K  Northern Funds

Certificate of Accounting of Securities in the Custody of a Management Investment Company   —   Form N-17F-2
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 40-17F2     Certificate of Accounting of Securities in the         6±    23K 
                          Custody of a Management Investment                     
                          Company                                                



UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ----------------- ------------ FORM N-17f-2 OMB Approval ----------------- ------------ Certificate of Accounting of Securities and OMB Number: 3235-0360 Similar Investments in the Custody Expires: February 28, 2018 of Management Investment Companies Estimate average burden hours per response . .. . . . 2.00 Pursuant to Rule 17f-2 [17 CFR 270.17f-2] ----------------- ------------ -------------------------------------------------------------- --------------- 1. Investment Company Act File Number: Date examination completed: 811-08236 August 31, 2014 -------------------------------------------------------------- --------------- 2. State Identification Number: AL AK AZ AR CA CO CT DE DC FL GA HI ID IL IN IA KS KY LA ME MD MA MI MN MS MO MT NE NV NH NJ NM NY NC ND OH OK OR PA RI SC SD TN TX UT VT VA WA WV WI WY PUERTO RICO Other (specify): -------------------------------------------------------------- --------------- 3. Exact name of investment company as specified in registration statement: Northern Funds -------------------------------------------------------------- --------------- 4. Address of principal executive office (number,street,city,state,zip code): 50 South La Salle, Chicago, IL 60603 -------------------------------------------------------------- --------------- REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM To the Board of Trustees of Northern Funds and Northern Multi- Manager Funds We have examined management's assertion, included in the accompanying Management's Statement Regarding Compliance with Certain Provisions of the Investment Company Act of 1940, that the Northern Funds and Northern Multi-Manager Funds (collectively, the "Company"), comprised of the funds listed in the attached Appendix A, complied with the requirements of subsections (b) and (c) of Rule 17f-2 under the Investment Company Act of 1940 ("the Act") as of August 31, 2014. Management is responsible for the Company's compliance with those requirements. Our responsibility is to express an opinion on management's assertion about the Company's compliance based on our examination. Our examination was conducted in accordance with attestation standards established by the Public Company Accounting Oversight Board (United States), and, accordingly, included examining, on a test basis, evidence about the Company's compliance with those requirements and performing such other procedures as we considered necessary in the circumstances. Included among our procedures were the following tests performed as of August 31, 2014, and with respect to agreement of security purchases and sales, for the period from June 30, 2014 (the date of our last examination) through August 31, 2014: 1. Confirmation of all securities held in book entry form on behalf of Northern Trust ("NT"), the Company's custodian, by the Federal Reserve Bank of Kansas City and The Depository Trust Company, without prior notice to management; 2. Confirmation and verification through a review of documents or electronic files provided by NT or verification of the subsequent settlement to cash records provided by NT of 92% of all securities held in book entry form by various sub- custodians, by various agent banks, by Clearing and Depository Services, or by CRESTCo; 3. Reconciliation of all such securities to the books and records of the Company and NT; 4. Confirmation of 6 out of 10 repurchase agreements with brokers/banks and agreement of respective underlying collateral with NT's records; 5. Confirmation of all securities pledged as collateral for futures contracts with brokers; and 6. Agreement of 15 security purchases and 15 security sales or maturities since our last report from the books and records of the Company to the subsequent settlement in cash records provided by NT. We believe that our examination provides a reasonable basis for our opinion. Our examination does not provide a legal determination on the Company's compliance with specified requirements. In our opinion, management's assertion that the Northern Funds and Northern Multi-Manager Funds complied with the requirements of subsections (b) and (c) of Rule 17f-2 of the Investment Company Act of 1940 as of August 31, 2014 with respect to securities reflected in the investment accounts of the Company is fairly stated, in all material respects. This report is intended solely for the information and use of management and the Board of Trustees of Northern Funds and Northern Multi-Manager Funds and the Securities and Exchange Commission and is not intended to be and should not be used by anyone other than these specified parties. /s/ DELOITTE & TOUCHE LLP Chicago, Illinois April 24, 2015 APPENDIX A Northern Funds Arizona Tax-Exempt Fund Bond Index Fund California Intermediate Tax-Exempt Fund California Municipal Money Market Fund California Tax-Exempt Fund Core Bond Fund Emerging Markets Equity Index Fund Large Cap Core Fund Fixed Income Fund Global Real Estate Index Fund Global Sustainability Index Fund Global Tactical Asset Allocation Fund High Yield Fixed Income Fund High Yield Municipal Fund Income Equity Fund Intermediate Tax-Exempt Fund International Equity Fund International Equity Index Fund Large Cap Equity Fund Large Cap Growth Fund Large Cap Value Fund Mid Cap Index Fund Money Market Fund Municipal Money Market Fund Short Bond Fund Short-Intermediate Tax-Exempt Fund Short-Intermediate U.S. Government Fund Small Cap Core Fund Small Cap Index Fund Small Cap Value Fund Stock Index Fund Tax-Advantaged Ultra-Short Fixed Income Fund Tax-Exempt Fund Technology Fund U.S. Government Fund U.S. Government Money Market Fund U.S. Government Select Money Market Fund U.S. Treasury Index Fund Ultra-Short Fixed Income Fund Northern Multi-Manager Funds Multi-Manager Emerging Markets Equity Fund Multi-Manager Emerging Markets Debt Opportunity Fund Multi-Manager Global Listed Infrastructure Fund Multi-Manager Global Real Estate Fund Multi Manager High Yield Opportunity Fund Multi-Manager International Equity Fund Multi-Manager Large Cap Fund Multi-Manager Mid Cap Fund Multi-Manager Small Cap Fund Management Statement Regarding Compliance With Certain Provisions of the Investment Company Act of 1940 We, as members of management of Northern Funds and Northern Multi-Manager Funds (collectively, the "Company"), comprised of the funds listed in the attached Appendix A, are responsible for complying with the requirements of subsections (b) and (c) of Rule 17f-2, "Custody of Investments by Registered Management Investment Companies," of the Investment Company Act of 1940. We are also responsible for establishing and maintaining effective internal controls over compliance with those requirements. We have performed an evaluation of the Company's compliance with the requirements of subsections (b) and (c) of Rule 17f-2 as of August 31, 2014, and from June 30, 2014 (the date of last examination) through August 31, 2014. Based on this evaluation, we assert that the Company was in compliance with the requirements of subsections (b) and (c) of Rule 17f-2 of the Investment Company Act of 1940 as of August 31, 2014, and from June 30, 2014 (the date of last examination) through August 31, 2014, with respect to securities reflected in the investment accounts of the Company. Northern Funds and Northern Multi-Manager Funds By: /s/ Lloyd Wennlund Lloyd A. Wennlund President, Northern Funds and Northern Multi-Manager Funds /s/ Randal Rein Randal Rein Treasurer, Northern Funds and Northern Multi-Manager Funds APPENDIX A Northern Funds Arizona Tax-Exempt Fund Bond Index Fund California Intermediate Tax-Exempt Fund California Municipal Money Market Fund California Tax-Exempt Fund Core Bond Fund Emerging Markets Equity Index Fund Large Cap Core Fund Fixed Income Fund Global Real Estate Index Fund Global Sustainability Index Fund Global Tactical Asset Allocation Fund High Yield Fixed Income Fund High Yield Municipal Fund Income Equity Fund Intermediate Tax-Exempt Fund International Equity Fund International Equity Index Fund Large Cap Equity Fund Large Cap Growth Fund Large Cap Value Fund Mid Cap Index Fund Money Market Fund Municipal Money Market Fund Short Bond Fund Short-Intermediate Tax-Exempt Fund Short-Intermediate U.S. Government Fund Small Cap Core Fund Small Cap Index Fund Small Cap Value Fund Stock Index Fund Tax-Advantaged Ultra-Short Fixed Income Fund Tax-Exempt Fund Technology Fund U.S. Government Fund U.S. Government Money Market Fund U.S. Government Select Money Market Fund U.S. Treasury Index Fund Ultra-Short Fixed Income Fund Northern Multi-Manager Funds Multi-Manager Emerging Markets Equity Fund Multi-Manager Emerging Markets Debt Opportunity Fund Multi-Manager Global Listed Infrastructure Fund Multi-Manager Global Real Estate Fund Multi Manager High Yield Opportunity Fund Multi-Manager International Equity Fund Multi-Manager Large Cap Fund Multi-Manager Mid Cap Fund Multi-Manager Small Cap Fund

Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘40-17F2’ Filing    Date    Other Filings
2/28/18
Filed on / Effective on:4/24/15
8/31/14N-MFP
6/30/1440-17F2,  497,  497K,  N-MFP,  N-PX,  N-Q
 List all Filings 
Top
Filing Submission 0001050269-15-000010   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

Copyright © 2024 Fran Finnegan & Company LLC – All Rights Reserved.
AboutPrivacyRedactionsHelp — Fri., Mar. 29, 6:55:16.1am ET