FORM OF AMENDMENT NO. 49 TO THE DECLARATION OF TRUST OF NORTHERN FUNDS (a Delaware statutory trust)
Exhibit (a)(50)
FORM OF AMENDMENT NO. 49
TO THE DECLARATION OF TRUST OF
(a Delaware statutory trust)
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”).
WHEREAS, the Board of Trustees of the Trust (the “Board”) have previously established one class of shares, designated the Shares class (the “Existing Class”), of each of the Global Sustainability Index Fund, Small Cap Core Fund and the U.S. Quality ESG Fund (each a “Fund” and together, the “Funds”);
WHEREAS, on February 13, 2020, the Trustees unanimously voted to: (a) establish an additional class of shares of beneficial interest of each Fund; and (b) re-designate the Existing Class of the Funds;
NOW, THEREFORE, the Declaration of Trust is hereby amended as follows:
1. An unlimited number of authorized, unissued and unclassified shares of beneficial interest of the Trust be, and hereby are, classified into two separate classes of shares designated as Class I Shares and Class K Shares in the Funds.
2. The Existing Class of each of the Global Sustainability Index Fund and the Small Cap Core Fund is re-designated as Class I Shares, and the Existing Class of the U.S. Quality ESG Fund is re-designated as Class K Shares.
3. Each share of the Class I Shares and Class K Shares classes of the Funds shall have all the preferences, conversion and other rights, voting powers, restrictions, limitations, qualifications and terms and conditions of redemption that are set forth in the Agreement and Declaration of Trust of the Trust with respect to its shares of beneficial interest.
4. All references in the Declaration of Trust to the “Declaration” shall mean the Declaration of Trust as amended by this Amendment.
5. Except as specifically amended by this Amendment, the Declaration of Trust is hereby confirmed and remains in full force and effect.
NTAC:3NS-20