Northern Funds Sample Contracts

Northern FundsNORTHERN FUNDS AMENDMENT NO. 3 TO SUB-ADVISORY AGREEMENT MULTI-MANAGER HIGH YIELD OPPORTUNITY FUND (July 27th, 2020)

This Amendment (“Amendment”), dated as of the 20th day of February, 2020, is entered into between Northern Trust Investments, Inc. (the “Adviser”), and Nomura Corporate Research and Asset Management Inc. (the “Sub-Adviser”).

Northern FundsNORTHERN FUNDS SUB-ADVISORY AGREEMENT MULTI-MANAGER GLOBAL LISTED INFRASTRUCTURE FUND (July 27th, 2020)

Sub-Advisory Agreement (this “Agreement”) entered into as of the 14th day of November, 2019, by and among Northern Trust Investments, Inc. (the “Adviser”), and First Sentier Investors (Australia) IM LTD (ACN 114 194 311) a corporation organized under the laws of Australia (the “Sub-Adviser”).

Northern FundsNORTHERN FUNDS AMENDMENT NO. 2 TO SUB-ADVISORY AGREEMENT MULTI-MANAGER GLOBAL LISTED INFRASTRUCTURE FUND (July 27th, 2020)

This Amendment (“Amendment”), dated as of the 14th day of November, 2019, is entered into between Northern Trust Investments, Inc. (the “Adviser”), and Maple-Brown Abbott Limited (the “Sub-Adviser”).

Northern FundsNORTHERN FUNDS SUB-ADVISORY AGREEMENT Active M Emerging Markets Equity Fund (July 27th, 2020)

Sub-Advisory Agreement (this “Agreement”) entered into as of the 14th day of February, 2020, by and among Northern Trust Investments, Inc. (the “Adviser”), and Ashmore Investment Management Limited a company incorporated in England (the “Sub-Adviser”).

Northern FundsNORTHERN FUNDS EXPENSE REIMBURSEMENT AGREEMENT (May 29th, 2020)

Agreement (“Agreement”) dated as of the 22nd day of May, 2020 by and between NORTHERN FUNDS (the “Trust”), a Delaware business trust and a registered investment company under the Investment Company Act of 1940, as amended, and NORTHERN TRUST INVESTMENTS, INC. (“NTI”).

Northern FundsAMENDMENT NO. 49 TO THE DECLARATION OF TRUST OF NORTHERN FUNDS (a Delaware statutory trust) (May 29th, 2020)

This Amendment No. 49 (the “Amendment”) to the Agreement and Declaration of Trust of Northern Funds (the “Trust”) amends, effective February 13, 2020, the Agreement and Declaration of Trust of the Trust dated as of February 7, 2000, as amended (the “Declaration of Trust”).

Northern FundsFORM OF AMENDMENT NO. 49 TO THE DECLARATION OF TRUST OF NORTHERN FUNDS (a Delaware statutory trust) (February 28th, 2020)

This Amendment No. 49 (the “Amendment”) to the Agreement and Declaration of Trust of Northern Funds (the “Trust”) amends, effective [ , 2020], the Agreement and Declaration of Trust of the Trust dated as of February 7, 2000, as amended (the “Declaration of Trust”).

Northern FundsNORTHERN FUNDS FORM OF EXPENSE REIMBURSEMENT AGREEMENT (February 28th, 2020)

Agreement (“Agreement”) dated as of the [ ] day of [ ], 2020 by and between NORTHERN FUNDS (the “Trust”), a Delaware business trust and a registered investment company under the Investment Company Act of 1940, as amended, and NORTHERN TRUST INVESTMENTS, INC. (“NTI”).

Northern FundsAMENDMENT TO CUSTODY AGREEMENT (November 27th, 2019)

This Amendment is entered into as of August 1, 2019 (the “Amendment”), by and between NORTHERN FUNDS, a statutory trust organized under the laws of the State of Delaware (the “Fund”) and THE NORTHERN TRUST COMPANY, a Illinois corporation (the “Custodian”).

Northern FundsAMENDMENT TO TRANSFER AGENCY AND SERVICE AGREEMENT (November 27th, 2019)

This Amendment is entered into as of August 1, 2019 (the “Amendment”), by and between NORTHERN FUNDS, a statutory trust organized under the laws of the State of Delaware (the “Trust”), acting on its own behalf and on behalf of each of its series listed in Schedule A to the Transfer Agency Agreement (as defined below), and THE NORTHERN TRUST COMPANY, a Illinois corporation (the “Transfer Agent”).

Northern FundsNORTHERN FUNDS AMENDMENT NO. 1 TO SUB-ADVISORY AGREEMENT Northern Engage360TM (July 26th, 2019)

This Amendment (“Amendment”), dated as of the 28th day of March, 2019, is entered into between Northern Trust Investments, Inc. (the “Adviser”), and Aristotle Capital Management, LLC (the “Sub-Adviser”).

Northern FundsNORTHERN FUNDS AMENDMENT NO. 4 TO SUB-ADVISORY AGREEMENT MULTI-MANAGER HIGH YIELD OPPORTUNITY FUND (July 26th, 2019)

This Amendment No. 4 (the “Amendment”), dated as of the 10th day of May, 2019, is entered into between Northern Trust Investments, Inc. (the “Adviser”), and Neuberger Berman Investment Advisers LLC (formerly known as Neuberger Berman Fixed Income LLC) (the “Sub-Adviser”).

Northern FundsNORTHERN FUNDS AMENDMENT NO. 2 TO SUB-ADVISORY AGREEMENT ACTIVE M INTERNATIONAL EQUITY FUND (July 26th, 2019)

This Amendment (“Amendment”), dated as of the 28th day of February, 2019, is entered into between Northern Trust Investments, Inc. (the “Adviser”), and WCM Investment Management (the “Sub-Adviser”).

Northern FundsNORTHERN FUNDS AMENDMENT NO. 1 TO SUB-ADVISORY AGREEMENT Northern Engage360TM (July 26th, 2019)

This Amendment (“Amendment”), dated as of the 28th day of February, 2019, is entered into between Northern Trust Investments, Inc. (the “Adviser”), and Strategic Global Advisors, LLC (the “Sub-Adviser”).

Northern FundsNORTHERN FUNDS AMENDMENT NO. 1 TO SUB-ADVISORY AGREEMENT MULTI-MANAGER HIGH YIELD OPPORTUNITY FUND (July 26th, 2019)

This Amendment (“Amendment”), dated as of the 15th day of November, 2018, is entered into between Northern Trust Investments, Inc. (the “Adviser”), and Nomura Corporate Research and Asset Management Inc. (the “Sub-Adviser”).

Northern FundsNORTHERN FUNDS AMENDMENT NO. 1 TO SUB-ADVISORY AGREEMENT MULTI-MANAGER GLOBAL REAL ESTATE FUND (July 26th, 2019)

This Amendment (“Amendment”), dated as of the 15th day of April, 2019, is entered into between Northern Trust Investments, Inc. (the “Adviser”), and Massachusetts Financial Services Company (the “Sub-Adviser”).

Northern FundsNORTHERN FUNDS AMENDMENT NO. 1 TO AMENDED AND RESTATED SUB-ADVISORY AGREEMENT ACTIVE M EMERGING MARKETS EQUITY FUND (July 26th, 2019)

This Amendment (“Amendment”), dated as of the 4th day of March, 2019, is entered into between Northern Trust Investments, Inc. (the “Adviser”), and PanAgora Asset Management, Inc. (the “Sub-Adviser”).

Northern FundsNORTHERN FUNDS AMENDMENT NO. 2 TO SUB-ADVISORY AGREEMENT MULTI-MANAGER HIGH YIELD OPPORTUNITY FUND (July 26th, 2019)

This Amendment (“Amendment”), dated as of the 28th day of February, 2019, is entered into between Northern Trust Investments, Inc. (the “Adviser”), and Nomura Corporate Research and Asset Management Inc. (the “Sub-Adviser”).

Northern FundsNORTHERN FUNDS AMENDMENT NO. 1 TO SUB-ADVISORY AGREEMENT Northern Engage360TM (July 26th, 2019)

This Amendment (“Amendment”), dated as of the 28th day of February, 2019, is entered into between Northern Trust Investments, Inc. (the “Adviser”), and Segall Bryant & Hamill, LLC (the “Sub-Adviser”).

Northern FundsNORTHERN FUNDS SUB-ADVISORY AGREEMENT Northern Engage360TM (July 26th, 2019)

Sub-Advisory Agreement (this “Agreement”) entered into as of the 15th day of November, 2018, by and among Northern Trust Investments, Inc. (the “Adviser”), and Mar Vista Investment Partners, LLC a Delaware limited liability company (the “Sub-Adviser”).

Northern FundsNORTHERN FUNDS AMENDMENT NO. 2 TO SUB-ADVISORY AGREEMENT MULTI-MANAGER GLOBAL REAL ESTATE FUND (July 26th, 2019)

This Amendment (“Amendment”), dated as of the 26th day of March, 2019, is entered into between Northern Trust Investments, Inc. (the “Adviser”), and Brookfield Public Securities Group LLC (formerly Brookfield Investment Management Inc.) (the “Sub-Adviser”).

Northern FundsNORTHERN FUNDS AMENDMENT NO. 5 TO SUB-ADVISORY AGREEMENT ACTIVE M EMERGING MARKETS EQUITY FUND (July 26th, 2019)

This Amendment (“Amendment”), dated as of the 1st day of March, 2019, is entered into between Northern Trust Investments, Inc. (the “Adviser”), and Axiom International Investors LLC (the “Sub-Adviser”).

Northern FundsFORM OF AMENDMENT TO CUSTODY AGREEMENT (July 26th, 2019)

This Amendment is entered into as of August 1, 2019 (the “Amendment”), by and between NORTHERN FUNDS, a statutory trust organized under the laws of the State of Delaware (the “Fund”) and THE NORTHERN TRUST COMPANY, a Illinois corporation (the “Custodian”).

Northern FundsNORTHERN FUNDS AMENDED AND RESTATED SUB-ADVISORY AGREEMENT Active M Emerging Markets Equity Fund (July 26th, 2019)

Amended and Restated Sub-Advisory Agreement (this “Agreement”) entered into as of the 1st day of September, 2018, by and among Northern Trust Investments, Inc. (the “Adviser”) and PanAgora Asset Management, Inc., a Delaware corporation (the “Sub-Adviser”).

Northern FundsNORTHERN FUNDS AMENDMENT NO. 3 TO SUB-ADVISORY AGREEMENT ACTIVE M INTERNATIONAL EQUITY FUND (July 26th, 2019)

This Amendment (“Amendment”), dated as of the 14th day of March, 2019, is entered into between Northern Trust Investments, Inc. (the “Adviser”), and Causeway Capital Management LLC (the “Sub-Adviser”).

Northern FundsNORTHERN FUNDS AMENDMENT NO. 1 TO SUB-ADVISORY AGREEMENT Northern Engage360TM (July 26th, 2019)

This Amendment (“Amendment”), dated as of the 28th day of February, 2019, is entered into between Northern Trust Investments, Inc. (the “Adviser”), and Earnest Partners, LLC (the “Sub-Adviser”).

Northern FundsNORTHERN FUNDS SUB-ADVISORY AGREEMENT Northern Engage360TM (July 26th, 2019)

This Sub-Advisory Agreement (this “Agreement”) is entered into as of the 15th day of November, 2018, by and among Northern Trust Investments, Inc. (the “Adviser”), and ARK Investment Management LLC, a Delaware limited liability company (the “Sub-Adviser”).

Northern FundsNORTHERN FUNDS AMENDMENT NO. 1 TO SUB-ADVISORY AGREEMENT ACTIVE M INTERNATIONAL EQUITY FUND (July 26th, 2019)

This Amendment (“Amendment”), dated as of the 8th day of April, 2019, is entered into between Northern Trust Investments, Inc. (the “Adviser”), and Wellington Management Company LLP (the “Sub-Adviser”).

Northern FundsAMENDMENT TO TRANSFER AGENCY AND SERVICE AGREEMENT (July 26th, 2019)

This Amendment is entered into as of August 1, 2019 (the “Amendment”), by and between NORTHERN FUNDS, a statutory trust organized under the laws of the State of Delaware (the “Trust”), acting on its own behalf and on behalf of each of its series listed in Schedule A to the Transfer Agency Agreement (as defined below), and THE NORTHERN TRUST COMPANY, a Illinois corporation (the “Transfer Agent”).

Northern FundsNORTHERN FUNDS AMENDMENT NO. 1 TO SUB-ADVISORY AGREEMENT Northern Engage360TM (July 26th, 2019)

This Amendment (“Amendment”), dated as of the 28th day of February, 2019, is entered into between Northern Trust Investments, Inc. (the “Adviser”), and Ariel Investments, LLC (the “Sub-Adviser”).

Northern FundsNORTHERN FUNDS AMENDMENT NO. 1 TO SUB-ADVISORY AGREEMENT MULTI-MANAGER GLOBAL REAL ESTATE FUND (July 26th, 2019)

This Amendment (“Amendment”), dated as of the 4th day of January, 2019, is entered into between Northern Trust Investments, Inc. (the “Adviser”), and Brookfield Public Securities Group LLC (formerly Brookfield Investment Management Inc.) (the “Sub-Adviser”).

Northern FundsNORTHERN FUNDS AMENDMENT NO. 2 TO SUB-ADVISORY AGREEMENT MULTI-MANAGER GLOBAL LISTED INFRASTRUCTURE FUND (July 26th, 2019)

This Amendment (“Amendment”), dated as of the 28th day of March, 2019, is entered into between Northern Trust Investments, Inc. (the “Adviser”), and Lazard Asset Management LLC (the “Sub-Adviser”).

Northern FundsNORTHERN FUNDS AMENDMENT NO. 1 TO SUB-ADVISORY AGREEMENT Northern Engage360TM (July 26th, 2019)

This Amendment (“Amendment”), dated as of the 16th day of April, 2019, is entered into between Northern Trust Investments, Inc. (the “Adviser”), and ARK Investment Management LLC (the “Sub-Adviser”).

Northern FundsNORTHERN FUNDS AMENDMENT NO. 1 TO SUB-ADVISORY AGREEMENT Multi-Manager Emerging Markets Debt Opportunity Fund (July 26th, 2019)

This Amendment (“Amendment”), dated as of the 28th day of February, 2019, is entered into between Northern Trust Investments, Inc. (the “Adviser”), and Global Evolution USA, LLC (the “Sub-Adviser”).

Northern FundsNORTHERN FUNDS AMENDMENT NO. 1 TO SUB-ADVISORY AGREEMENT Northern Engage360TM (July 26th, 2019)

This Amendment (“Amendment”), dated as of the 28th day of February, 2019, is entered into between Northern Trust Investments, Inc. (the “Adviser”), and Mar Vista Investment Partners, LLC (the “Sub-Adviser”).