Multi-Manager Global Listed Infrastructure Fund

Fund Profile

Fund profile

Tickers

NMFIX

Fund manager

Northern Funds

Total assets

$920.30 mm

Liabilities

$392.34 k

Net assets

$919.91 mm

Number of holdings

122.00

122 Holdings

As of Dec 2024

Security	$Holding	Balance	% of Fund	Category	Position	Country
Vinci SA EUR2.50	24.43 mm	238.08 k shares	2.66	Common equity	Long	France
FER Ferrovial SE	24.27 mm	578.09 k shares	2.64	Common equity	Long	Netherlands
NGG National Grid plc	23.61 mm	1.99 mm shares	2.57	Common equity	Long	UK
EXC Exelon Corporation	23.55 mm	625.67 k shares	2.56	Common equity	Long	USA
NGG National Grid plc	21.91 mm	1.85 mm shares	2.38	Common equity	Long	UK
AEP American Electric Power Company, Inc.	18.94 mm	205.38 k shares	2.06	Common equity	Long	USA
Transurban Group STAPLED UNITS NPV	18.64 mm	2.25 mm shares	2.03	Common equity	Long	Australia
Snam S.p.A. NPV	17.55 mm	3.97 mm shares	1.91	Common equity	Long	Italy
Northern Institutional Funds GOVT PTFL	16.24 mm	16.24 mm shares	1.77	Short-term investment vehicle	Long	USA
LNG Cheniere Energy, Inc.	16.04 mm	74.63 k shares	1.74	Common equity	Long	USA
Aena SME S.A. EUR10	15.13 mm	74.13 k shares	1.64	Common equity	Long	Spain
AMT American Tower Corporation	14.77 mm	80.51 k shares	1.61	Common equity	Long	USA
DUK Duke Energy Corporation	14.64 mm	135.93 k shares	1.59	Common equity	Long	USA
Power Assets Holdings Ltd. NPV	14.11 mm	2.02 mm shares	1.53	Common equity	Long	Hong Kong
TERNA - Rete Elettrica Nazionale S.p.A. ORD EUR0.22	13.98 mm	1.77 mm shares	1.52	Common equity	Long	Italy
United Utilities Group PLC ORD GBP0.05	13.76 mm	1.04 mm shares	1.50	Common equity	Long	UK
NSC Norfolk Southern Corporation	13.62 mm	58.03 k shares	1.48	Common equity	Long	USA
XEL Xcel Energy Inc.	13.58 mm	201.12 k shares	1.48	Common equity	Long	USA
CSX CSX Corporation	13.45 mm	416.85 k shares	1.46	Common equity	Long	USA
Getlink SE EUR0.40	12.93 mm	812.03 k shares	1.41	Common equity	Long	France
RWE AG NPV	12.93 mm	432.92 k shares	1.41	Common equity	Long	Germany
Severn Trent PLC ORD GBP0.9789	12.89 mm	410.93 k shares	1.40	Common equity	Long	UK
CSX CSX Corporation	12.74 mm	394.68 k shares	1.38	Common equity	Long	USA
NSC Norfolk Southern Corporation	12.52 mm	53.33 k shares	1.36	Common equity	Long	USA
NEE NextEra Energy, Inc.	12.41 mm	173.13 k shares	1.35	Common equity	Long	USA
SBAC SBA Communications Corporation	12.20 mm	59.88 k shares	1.33	Common equity	Long	USA
ES Eversource Energy	12.10 mm	210.67 k shares	1.32	Common equity	Long	USA
NEE NextEra Energy, Inc.	11.67 mm	162.83 k shares	1.27	Common equity	Long	USA
D Dominion Energy, Inc.	11.60 mm	215.36 k shares	1.26	Common equity	Long	USA
UZAPF Flughafen Zürich AG	11.49 mm	47.97 k shares	1.25	Common equity	Long	Switzerland
UNP Union Pacific Corporation	10.94 mm	47.98 k shares	1.19	Common equity	Long	USA
West Japan Railway Co. NPV	10.53 mm	596.40 k shares	1.15	Common equity	Long	Japan
PAC Grupo Aeroportuario del Pacífico, S.A.B. de C.V.	10.10 mm	575.38 k shares	1.10	Common equity	Long	Mexico
CK Infrastructure Holdings Ltd. HKD1	10.01 mm	1.35 mm shares	1.09	Common equity	Long	Bermuda
Northern Institutional Funds GOVT PTFL	9.82 mm	9.82 mm shares	1.07	Short-term investment vehicle	Long	USA
PEG Public Service Enterprise Group Incorporated	9.71 mm	114.87 k shares	1.06	Common equity	Long	USA
Atlas Arteria Ltd. NPV(STAPLED)	9.36 mm	3.19 mm shares	1.02	Common equity	Long	Australia
OKE ONEOK, Inc.	9.27 mm	92.38 k shares	1.01	Common equity	Long	USA
EXC Exelon Corporation	9.06 mm	240.64 k shares	0.98	Common equity	Long	USA
Transurban Group STAPLED UNITS NPV	9.01 mm	1.09 mm shares	0.98	Common equity	Long	Australia
FUT. EMINI S&P MAR25	8.90 mm	30.00 contracts	0.97	Equity derivative	N/A	USA
ENN Energy Holdings Ltd. HKD0.10	8.82 mm	1.22 mm shares	0.96	Common equity	Long	Cayman Islands
Vinci SA EUR2.50	8.56 mm	83.40 k shares	0.93	Common equity	Long	France
Hera SpA EUR1	8.56 mm	2.41 mm shares	0.93	Common equity	Long	Italy
Ccr SA COM NPV	8.52 mm	5.18 mm shares	0.93	Common equity	Long	Brazil
Italgas SpA NPV	8.38 mm	1.49 mm shares	0.91	Common equity	Long	Italy
EVRG Evergy, Inc.	8.29 mm	134.66 k shares	0.90	Common equity	Long	USA
EQIX Equinix, Inc.	8.11 mm	8.61 k shares	0.88	Common equity	Long	USA
NGLS TRI Resources Inc.	8.04 mm	45.04 k shares	0.87	Common equity	Long	USA
NGG National Grid plc	7.92 mm	668.30 k shares	0.86	Common equity	Long	UK
Atlas Arteria Ltd. NPV(STAPLED)	7.69 mm	2.61 mm shares	0.84	Common equity	Long	Australia
Northland Power Inc. COM NPV	7.66 mm	614.78 k shares	0.83	Common equity	Long	Canada
Northern Institutional Funds GOVT PTFL	7.58 mm	7.58 mm shares	0.82	Short-term investment vehicle	Long	USA
The Renewables Infrastructure Group Ltd ORD NPV	7.58 mm	7.05 mm shares	0.82	Common equity	Long	Guernsey
AMT American Tower Corporation	7.46 mm	40.65 k shares	0.81	Common equity	Long	USA
WM Waste Management, Inc.	7.41 mm	36.72 k shares	0.81	Common equity	Long	USA
FUT. ICUS MSCI EAF MAR25	7.26 mm	64.00 contracts	0.79	Equity derivative	N/A	XX
International Public Partnerships Limited ORD GBP0.0001	6.73 mm	4.44 mm shares	0.73	Common equity	Long	Guernsey
AQN Algonquin Power & Utilities Corp.	6.58 mm	1.48 mm shares	0.71	Common equity	Long	Canada
ENAKF E.ON SE	6.44 mm	552.76 k shares	0.70	Common equity	Long	Germany
ORA Ormat Technologies, Inc.	6.36 mm	93.97 k shares	0.69	Common equity	Long	USA
Orsted A/S DKK10	6.23 mm	137.90 k shares	0.68	Common equity	Long	Denmark
Promotora y Operadora de Infraestructura SA COM NPV	6.08 mm	718.01 k shares	0.66	Common equity	Long	Mexico
AWK American Water Works Company, Inc.	5.89 mm	47.32 k shares	0.64	Common equity	Long	USA
WTRG Essential Utilities, Inc.	5.79 mm	159.53 k shares	0.63	Common equity	Long	USA
Bunge Global SA	5.76 mm	74.11 k shares	0.63	Common equity	Long	Switzerland
Severn Trent PLC ORD GBP0.9789	5.58 mm	177.82 k shares	0.61	Common equity	Long	UK
AEP American Electric Power Company, Inc.	5.44 mm	58.98 k shares	0.59	Common equity	Long	USA
Veolia Environnement S.A. EUR5	5.40 mm	193.10 k shares	0.59	Common equity	Long	France
Greencoat Renewables PLC EUR0.01	5.31 mm	6.23 mm shares	0.58	Common equity	Long	Ireland
RWE AG NPV	5.25 mm	175.88 k shares	0.57	Common equity	Long	Germany
PEGRF Pennon Group Plc	4.97 mm	668.85 k shares	0.54	Common equity	Long	UK
HRNNF Hydro One Limited	4.95 mm	160.61 k shares	0.54	Common equity	Long	Canada
EIX Edison International	4.91 mm	61.55 k shares	0.53	Common equity	Long	USA
GFL GFL Environmental Inc.	4.89 mm	109.78 k shares	0.53	Common equity	Long	Canada
Hera SpA EUR1	4.82 mm	1.36 mm shares	0.52	Common equity	Long	Italy
United Utilities Group PLC ORD GBP0.05	4.77 mm	361.11 k shares	0.52	Common equity	Long	UK
ATGFF AltaGas Ltd.	4.70 mm	201.80 k shares	0.51	Common equity	Long	Canada
Japan Airport Terminal Co. Ltd. NPV	4.54 mm	143.80 k shares	0.49	Common equity	Long	Japan
ARE Alexandria Real Estate Equities, Inc.	4.46 mm	45.71 k shares	0.48	Common equity	Long	USA
Enel S.p.A. EUR1	4.36 mm	609.36 k shares	0.47	Common equity	Long	Italy
UGI UGI Corporation	4.33 mm	153.25 k shares	0.47	Common equity	Long	USA
Sse PLC GBP0.50	4.19 mm	208.67 k shares	0.46	Common equity	Long	UK
Infrastrutture Wireless Italiane SpA NPV	4.18 mm	411.55 k shares	0.45	Common equity	Long	Italy
UZAPF Flughafen Zürich AG	4.14 mm	17.28 k shares	0.45	Common equity	Long	Switzerland
PEGRF Pennon Group Plc	4.12 mm	554.89 k shares	0.45	Common equity	Long	UK
DTM DT Midstream, Inc.	3.94 mm	39.60 k shares	0.43	Common equity	Long	USA
PCG PG&E Corporation	3.90 mm	193.43 k shares	0.42	Common equity	Long	USA
Fraport AG NPV	3.90 mm	64.33 k shares	0.42	Common equity	Long	Germany
Auckland International Airport Ltd. NPV	3.87 mm	795.98 k shares	0.42	Common equity	Long	New Zealand
Beijing Capital International Airport Co Ltd. 'H'CNY1	3.79 mm	10.50 mm shares	0.41	Common equity	Long	China
IBDSF Iberdrola, S.A.	3.56 mm	258.82 k shares	0.39	Common equity	Long	Spain
SBAC SBA Communications Corporation	3.39 mm	16.63 k shares	0.37	Common equity	Long	USA
VH Global Energy Infrastructure PLC ORD GBP0.01	3.20 mm	3.88 mm shares	0.35	Common equity	Long	UK
Siemens AG NPV	3.18 mm	16.27 k shares	0.35	Common equity	Long	Germany
AES The AES Corporation	3.03 mm	235.25 k shares	0.33	Common equity	Long	USA
TTEK Tetra Tech, Inc.	2.97 mm	74.65 k shares	0.32	Common equity	Long	USA
Northern Institutional Funds GOVT PTFL	2.89 mm	2.89 mm shares	0.31	Short-term investment vehicle	Long	USA
Kurita Water Industries Ltd. NPV	2.88 mm	82.80 k shares	0.31	Common equity	Long	Japan
ACM AECOM	2.68 mm	25.11 k shares	0.29	Common equity	Long	USA
Ag Growth International Inc. COM NPV	2.53 mm	71.46 k shares	0.27	Common equity	Long	Canada
REN - Redes Energeticas Nacionais, SGPS, S.A EUR1	2.52 mm	1.07 mm shares	0.27	Common equity	Long	Portugal
FSLR First Solar, Inc.	2.51 mm	14.26 k shares	0.27	Common equity	Long	USA
HASI Hannon Armstrong Sustainable Infrastructure Capital, Inc.	2.47 mm	91.95 k shares	0.27	Common equity	Long	USA
TRMB Trimble Inc.	2.35 mm	33.20 k shares	0.26	Common equity	Long	USA
Guangdong Investment Ltd. NPV	2.34 mm	2.71 mm shares	0.25	Common equity	Long	Hong Kong
Ses Sa	2.31 mm	728.22 k shares	0.25	Common equity	Long	Luxembourg
VWSYF Vestas Wind Systems A/S	1.86 mm	135.47 k shares	0.20	Common equity	Long	Denmark
Cadeler A/S DKK1	1.84 mm	328.30 k shares	0.20	Common equity	Long	Denmark
VMI Valmont Industries, Inc.	1.82 mm	5.92 k shares	0.20	Common equity	Long	USA
B 0 03/27/25	1.76 mm	1.78 mm principal	0.19	Debt	Long	USA
SBS Companhia de Saneamento Básico do Estado de São Paulo - SABESP	1.71 mm	119.34 k shares	0.19	Common equity	Long	Brazil
SJW SJW Group	1.58 mm	32.12 k shares	0.17	Common equity	Long	USA
ADRZF Andritz AG	1.58 mm	31.08 k shares	0.17	Common equity	Long	Austria
ARRY Array Technologies, Inc.	1.56 mm	258.40 k shares	0.17	Common equity	Long	USA
China Water Affair Group Ltd HKD0.01	1.54 mm	2.34 mm shares	0.17	Common equity	Long	Bermuda
Landis & Gyr Group AG CHF10	1.42 mm	22.41 k shares	0.15	Common equity	Long	Switzerland
ENPH Enphase Energy, Inc.	1.37 mm	19.91 k shares	0.15	Common equity	Long	USA
Eutelsat Communications SA EUR1	1.23 mm	524.75 k shares	0.13	Common equity	Long	France
LAND Gladstone Land Corporation	1.19 mm	109.36 k shares	0.13	Common equity	Long	USA
Beijing Enterprises Water Group Ltd. HKD0.10	1.17 mm	3.62 mm shares	0.13	Common equity	Long	Bermuda
Cia Saneamento Minas Gerais COM NPV	1.15 mm	340.27 k shares	0.12	Common equity	Long	Brazil