{"success":true,"data":{"pressRelease":{"id":"154240","rtpr_id":"nBw1Rv2H3a-20260928","ticker":"NTRS","exchange":"NASDAQ","all_tickers":["NTRS"],"title":"Northern Trust Asset Management Plans to Convert Six Mutual Funds to ETFs","author":"Business Wire","published_at":"2026-09-28T13:30:00.246Z","article_body":"Northern Trust Asset Management Plans to Convert Six Mutual Funds to ETFs\n\nNorthern Trust Asset Management, a leading global investment management firm\nwith US$1.6 trillion in assets under management as of June 30, 2026, announced\nplans to convert six Northern Trust mutual funds into ETFs in the first\nquarter of 2027.\n\nThe conversions are intended to benefit shareholders with the ETF\nstructure’s increased tax efficiency, trading flexibility and portfolio\ntransparency, while preserving the investment expertise and disciplined\nmanagement that investors expect from Northern Trust Asset Management.\n\nThe move reflects growing investor and advisor demand for ETFs as a preferred\nvehicle for portfolio construction. The funds represent a diverse range of\ninvestment strategies, from core and dividend-paying equities to tax-exempt\nmunicipal bonds:\n Mutual Fund                                                    AUM*    ETF                                                          \n Northern Stock Index Fund (NOSIX)                              $19.3B  Northern Trust MSCI US 500 ETF (NTLC)                        \n Northern International Equity Index Fund (NOINX)               $6.7B   Northern Trust MSCI EAFE ETF (NEFA)                          \n Northern Tax-Advantaged Ultra-Short Fixed Income Fund (NTAUX)  $2.8B   Northern Trust Tax-Advantaged Ultra-Short Income ETF (TAXU)  \n Northern Mid Cap Index Fund (NOMIX)                            $2.3B   Northern Trust MSCI US 400 ETF (NTMC)                        \n Northern Small Cap Index Fund (NSIDX)                          $1.6B   Northern Trust MSCI US 2000 ETF (NTSC)                       \n Northern Income Equity Fund (NOIEX)                            $316M   Northern Trust Equity Income ETF (QDFI)                      \n\n\n“Northern Trust ETFs are a key part of Northern Trust Asset Management’s\ngrowth strategy, enabling us to bring the full strength of our investment\ncapabilities to more investors,” said Northern Trust Asset Management\nPresident Michael Hunstad, Ph.D. “These planned conversions are an important\nstep in meeting growing client demand for ETFs, while bringing the scale,\ninvestment discipline and long-term perspective that define Northern Trust\nAsset Management to an expanded ETF platform.”\n\n“ETF adoption has continued to broaden as investors look for efficient,\ntransparent and flexible ways to access high-quality investment strategies,”\nsaid Northern Trust Asset Management Global Head of ETFs and Funds Dave Abner.\n“Northern Trust Asset Management plans to bring established strategies into\na structure that better reflects how many clients are implementing portfolios\ntoday.”\n\nThe conversions have been approved by the fund board. This advance notice of\nthe conversions is intended to give shareholders and distributors time to\nevaluate and engage with Northern Trust Asset Management ahead of\nimplementation.\n\nWith more than 15 years of experience managing ETFs and $27 billion in ETF\nassets as of June 30, 2026, Northern Trust Asset Management offers a\ndiversified range of active and passive ETFs across equities, fixed income and\nreal assets.\n\nAdditional information about Northern Trust ETFs is available at:\netfs.ntam.northerntrust.com\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fetfs.ntam.northerntrust.com%2F&esheet=54611074&newsitemid=20260925896750&lan=en-US&anchor=etfs.ntam.northerntrust.com&index=1&md5=78f81e36dc6fdbfcc1f6b064838005a9)\n\n*Total fund assets as of June 30, 2026\n\nAbout Northern Trust Asset Management\n\nNorthern Trust Asset Management\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.northerntrust.com%2Fwhat-we-do%2Finvestment-management&esheet=54611074&newsitemid=20260925896750&lan=en-US&anchor=Northern+Trust+Asset+Management&index=2&md5=f721d13b2a57069c3e25ec96ce98f3c7)\nis a global investment manager that helps investors navigate changing market\nenvironments in efforts to realize their long-term objectives. Entrusted with\nUS$1.6 trillion in assets under management as of June 30, 2026, we understand\nthat investing ultimately serves a greater purpose and believe investors\nshould be compensated for the risks they take — in all market environments\nand any investment strategy. That’s why we combine robust capital markets\nresearch, expert portfolio construction and comprehensive risk management to\ncraft innovative and efficient solutions that seek to deliver targeted\ninvestment outcomes. As engaged contributors to our communities, we consider\nit a great privilege to serve our investors and our communities with\nintegrity, respect and transparency.\n\nNorthern Trust Asset Management is composed of Northern Trust Investments,\nInc., Northern Trust Global Investments Limited, Northern Trust Fund Managers\n(Ireland) Limited, Northern Trust Global Investments Japan, K.K., NT Global\nAdvisors, Inc., 50 South Capital Advisors, LLC, Northern Trust Asset\nManagement Australia Pty Ltd, and investment personnel of The Northern Trust\nCompany, The Northern Trust Company (Singapore Branch), and The Northern Trust\nCompany of Hong Kong Limited.\n\nAbout Northern Trust\n\nNorthern Trust Corporation (Nasdaq: NTRS) is a leading provider of wealth\nmanagement, asset servicing, asset management and banking services to\ncorporations, institutions, affluent families and individuals. Founded in\nChicago in 1889, Northern Trust has a global presence with offices in 24 U.S.\nstates and Washington, D.C., and across 22 locations in Canada, Europe, the\nMiddle East and the Asia-Pacific region. As of June 30, 2026, Northern Trust\nhad assets under custody/administration of US$20.0 trillion, and assets under\nmanagement of US$2.0 trillion. For more than 135 years, Northern Trust has\nearned distinction as an industry leader for exceptional service, financial\nexpertise, integrity and innovation. Visit us on northerntrust.com\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.northerntrust.com%2Fhome&esheet=54611074&newsitemid=20260925896750&lan=en-US&anchor=northerntrust.com&index=3&md5=290c419199e48922771bbc3d97c443bd)\n. Follow us on Instagram\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fnam04.safelinks.protection.outlook.com%2F%3Furl%3Dhttps%253A%252F%252Fwww.instagram.com%252Fnortherntrustcompany%252F%26data%3D05%257C02%257CJZ79%2540ntrs.com%257C0f6c964d6ef44433bab308dea483a83a%257C2434528d4270497781dda6308c1761a3%257C0%257C0%257C639129082536371855%257CUnknown%257CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%253D%253D%257C0%257C%257C%257C%26sdata%3DQyqIxrmri%252FK6w3JqtZeG4xsvIg4A7FG6dg8diWvpKUU%253D%26reserved%3D0&esheet=54611074&newsitemid=20260925896750&lan=en-US&anchor=Instagram&index=4&md5=0afb2c482ebbd688bf89f482a1fefa26)\n@northerntrustcompany or Northern Trust on LinkedIn\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fnam04.safelinks.protection.outlook.com%2F%3Furl%3Dhttps%253A%252F%252Fwww.linkedin.com%252Fcompany%252Fnorthern-trust%252F%26data%3D05%257C02%257CJZ79%2540ntrs.com%257C0f6c964d6ef44433bab308dea483a83a%257C2434528d4270497781dda6308c1761a3%257C0%257C0%257C639129082536391537%257CUnknown%257CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%253D%253D%257C0%257C%257C%257C%26sdata%3DOgb7aq1JzWJ2s%252BYba9QXigdvvvXZ87YWWCnUG%252Bm7120%253D%26reserved%3D0&esheet=54611074&newsitemid=20260925896750&lan=en-US&anchor=LinkedIn&index=5&md5=c2f7ed7f4a7a17cfd6870a26f7b4da7f)\n.\n\nNorthern Trust Corporation, Head Office: 50 South La Salle Street, Chicago,\nIllinois 60603 U.S.A., incorporated with limited liability in the U.S. Global\nlegal and regulatory information can be found at\nhttps://www.northerntrust.com/terms-and-conditions\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.northerntrust.com%2Fterms-and-conditions&esheet=54611074&newsitemid=20260925896750&lan=en-US&anchor=https%3A%2F%2Fwww.northerntrust.com%2Fterms-and-conditions&index=6&md5=f02d45d80aae729a7530e9a79ee59780)\n.\n\nBefore investing, carefully consider the investment objectives, risks, charges\nand expenses. This and other information are in the prospectus and a summary\nprospectus, copies of which may be obtained by visiting\netfs.ntam.northerntrust.com\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fmail.e.northerntrust.com%2FNTA0LVpZSy0xNzMAAAGkdFqk98o9UtjuMds84TSSCHSnKAWRdXWw0kOlWzipX4U6bZwBXRy_7000yMmdTNRkpLaJG5U%3D&esheet=54611074&newsitemid=20260925896750&lan=en-US&anchor=etfs.ntam.northerntrust.com&index=7&md5=49de2fcd03f9fe5363672993a92ef24e)\n. Read the prospectus carefully before you invest.\n\nNorthern Funds Distributors, LLC, distributor. Northern Funds Distributors,\nLLC is not affiliated with Northern Trust\n\n© 2026 Northern Funds | Northern Funds are distributed by Northern Funds\nDistributors, LLC, not affiliated with Northern Trust.\n\nAll investments are subject to investment risk, including the possible loss of\nprincipal amount invested. Investments do not typically grow at an even rate\nof return and may experience negative growth. As with any type of portfolio\nstructuring, attempting to reduce risk and increase return could, at certain\ntimes, unintentionally reduce returns.\n\nNOT FDIC INSURED | MAY LOSE VALUE | NO BANK GUARANTEE\n\nAs with any fund, it is possible to lose money on an investment in the Fund.\nAn investment in the Fund is not a deposit of any bank and is not insured or\nguaranteed by the Federal Deposit Insurance Corporation, any other government\nagency, or The Northern Trust Company, its affiliates, subsidiaries or any\nother bank.\n\nETFs are subject to additional risks that do not apply to conventional mutual\nfunds, including the risks that the market price of an ETF’s shares may\ntrade at a premium or discount to its net asset value, an active secondary\ntrading market may not develop or be maintained, or trading may be halted by\nthe exchange in which they trade, which may impact an ETF’s ability to sell\nits shares. Shares of any ETF are bought and sold at market price (not NAV)\nand are not individually redeemed from the ETF. Brokerage commissions will\nreduce returns.\n\nThe publisher’s sale of this reprint does not constitute or imply any\nendorsement or sponsorship of any product, service or organization.\n\n\n\nView source version on businesswire.com:\nhttps://www.businesswire.com/news/home/20260925896750/en/\n(https://www.businesswire.com/news/home/20260925896750/en/)\n\nMedia Contact:\n\nJoanne Zalatoris\n\n+1 (312) 900-3462\n\nJoanne.zalatoris@ntrs.com \n(mailto:Joanne.zalatoris@ntrs.com) \nhttp://www.northerntrust.com\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.northerntrust.com&esheet=54611074&newsitemid=20260925896750&lan=en-US&anchor=http%3A%2F%2Fwww.northerntrust.com&index=8&md5=46ed9b6802e75c401d55afab1c2f4fbe)\n\n\nCopyright Business Wire 2026","article_body_html":"","raw_payload":{"data":{"id":"nBw1Rv2H3a-20260928","title":"Northern Trust Asset Management Plans to Convert Six Mutual Funds to ETFs","author":"Business Wire","ticker":"NTRS","created":"2026-09-28T13:30:00.246Z","tickers":["NTRS"],"exchange":"NASDAQ","article_body":"Northern Trust Asset Management Plans to Convert Six Mutual Funds to ETFs\n\nNorthern Trust Asset Management, a leading global investment management firm\nwith US$1.6 trillion in assets under management as of June 30, 2026, announced\nplans to convert six Northern Trust mutual funds into ETFs in the first\nquarter of 2027.\n\nThe conversions are intended to benefit shareholders with the ETF\nstructure’s increased tax efficiency, trading flexibility and portfolio\ntransparency, while preserving the investment expertise and disciplined\nmanagement that investors expect from Northern Trust Asset Management.\n\nThe move reflects growing investor and advisor demand for ETFs as a preferred\nvehicle for portfolio construction. The funds represent a diverse range of\ninvestment strategies, from core and dividend-paying equities to tax-exempt\nmunicipal bonds:\n Mutual Fund                                                    AUM*    ETF                                                          \n Northern Stock Index Fund (NOSIX)                              $19.3B  Northern Trust MSCI US 500 ETF (NTLC)                        \n Northern International Equity Index Fund (NOINX)               $6.7B   Northern Trust MSCI EAFE ETF (NEFA)                          \n Northern Tax-Advantaged Ultra-Short Fixed Income Fund (NTAUX)  $2.8B   Northern Trust Tax-Advantaged Ultra-Short Income ETF (TAXU)  \n Northern Mid Cap Index Fund (NOMIX)                            $2.3B   Northern Trust MSCI US 400 ETF (NTMC)                        \n Northern Small Cap Index Fund (NSIDX)                          $1.6B   Northern Trust MSCI US 2000 ETF (NTSC)                       \n Northern Income Equity Fund (NOIEX)                            $316M   Northern Trust Equity Income ETF (QDFI)                      \n\n\n“Northern Trust ETFs are a key part of Northern Trust Asset Management’s\ngrowth strategy, enabling us to bring the full strength of our investment\ncapabilities to more investors,” said Northern Trust Asset Management\nPresident Michael Hunstad, Ph.D. “These planned conversions are an important\nstep in meeting growing client demand for ETFs, while bringing the scale,\ninvestment discipline and long-term perspective that define Northern Trust\nAsset Management to an expanded ETF platform.”\n\n“ETF adoption has continued to broaden as investors look for efficient,\ntransparent and flexible ways to access high-quality investment strategies,”\nsaid Northern Trust Asset Management Global Head of ETFs and Funds Dave Abner.\n“Northern Trust Asset Management plans to bring established strategies into\na structure that better reflects how many clients are implementing portfolios\ntoday.”\n\nThe conversions have been approved by the fund board. This advance notice of\nthe conversions is intended to give shareholders and distributors time to\nevaluate and engage with Northern Trust Asset Management ahead of\nimplementation.\n\nWith more than 15 years of experience managing ETFs and $27 billion in ETF\nassets as of June 30, 2026, Northern Trust Asset Management offers a\ndiversified range of active and passive ETFs across equities, fixed income and\nreal assets.\n\nAdditional information about Northern Trust ETFs is available at:\netfs.ntam.northerntrust.com\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fetfs.ntam.northerntrust.com%2F&esheet=54611074&newsitemid=20260925896750&lan=en-US&anchor=etfs.ntam.northerntrust.com&index=1&md5=78f81e36dc6fdbfcc1f6b064838005a9)\n\n*Total fund assets as of June 30, 2026\n\nAbout Northern Trust Asset Management\n\nNorthern Trust Asset Management\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.northerntrust.com%2Fwhat-we-do%2Finvestment-management&esheet=54611074&newsitemid=20260925896750&lan=en-US&anchor=Northern+Trust+Asset+Management&index=2&md5=f721d13b2a57069c3e25ec96ce98f3c7)\nis a global investment manager that helps investors navigate changing market\nenvironments in efforts to realize their long-term objectives. Entrusted with\nUS$1.6 trillion in assets under management as of June 30, 2026, we understand\nthat investing ultimately serves a greater purpose and believe investors\nshould be compensated for the risks they take — in all market environments\nand any investment strategy. That’s why we combine robust capital markets\nresearch, expert portfolio construction and comprehensive risk management to\ncraft innovative and efficient solutions that seek to deliver targeted\ninvestment outcomes. As engaged contributors to our communities, we consider\nit a great privilege to serve our investors and our communities with\nintegrity, respect and transparency.\n\nNorthern Trust Asset Management is composed of Northern Trust Investments,\nInc., Northern Trust Global Investments Limited, Northern Trust Fund Managers\n(Ireland) Limited, Northern Trust Global Investments Japan, K.K., NT Global\nAdvisors, Inc., 50 South Capital Advisors, LLC, Northern Trust Asset\nManagement Australia Pty Ltd, and investment personnel of The Northern Trust\nCompany, The Northern Trust Company (Singapore Branch), and The Northern Trust\nCompany of Hong Kong Limited.\n\nAbout Northern Trust\n\nNorthern Trust Corporation (Nasdaq: NTRS) is a leading provider of wealth\nmanagement, asset servicing, asset management and banking services to\ncorporations, institutions, affluent families and individuals. Founded in\nChicago in 1889, Northern Trust has a global presence with offices in 24 U.S.\nstates and Washington, D.C., and across 22 locations in Canada, Europe, the\nMiddle East and the Asia-Pacific region. As of June 30, 2026, Northern Trust\nhad assets under custody/administration of US$20.0 trillion, and assets under\nmanagement of US$2.0 trillion. For more than 135 years, Northern Trust has\nearned distinction as an industry leader for exceptional service, financial\nexpertise, integrity and innovation. Visit us on northerntrust.com\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.northerntrust.com%2Fhome&esheet=54611074&newsitemid=20260925896750&lan=en-US&anchor=northerntrust.com&index=3&md5=290c419199e48922771bbc3d97c443bd)\n. Follow us on Instagram\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fnam04.safelinks.protection.outlook.com%2F%3Furl%3Dhttps%253A%252F%252Fwww.instagram.com%252Fnortherntrustcompany%252F%26data%3D05%257C02%257CJZ79%2540ntrs.com%257C0f6c964d6ef44433bab308dea483a83a%257C2434528d4270497781dda6308c1761a3%257C0%257C0%257C639129082536371855%257CUnknown%257CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%253D%253D%257C0%257C%257C%257C%26sdata%3DQyqIxrmri%252FK6w3JqtZeG4xsvIg4A7FG6dg8diWvpKUU%253D%26reserved%3D0&esheet=54611074&newsitemid=20260925896750&lan=en-US&anchor=Instagram&index=4&md5=0afb2c482ebbd688bf89f482a1fefa26)\n@northerntrustcompany or Northern Trust on LinkedIn\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fnam04.safelinks.protection.outlook.com%2F%3Furl%3Dhttps%253A%252F%252Fwww.linkedin.com%252Fcompany%252Fnorthern-trust%252F%26data%3D05%257C02%257CJZ79%2540ntrs.com%257C0f6c964d6ef44433bab308dea483a83a%257C2434528d4270497781dda6308c1761a3%257C0%257C0%257C639129082536391537%257CUnknown%257CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%253D%253D%257C0%257C%257C%257C%26sdata%3DOgb7aq1JzWJ2s%252BYba9QXigdvvvXZ87YWWCnUG%252Bm7120%253D%26reserved%3D0&esheet=54611074&newsitemid=20260925896750&lan=en-US&anchor=LinkedIn&index=5&md5=c2f7ed7f4a7a17cfd6870a26f7b4da7f)\n.\n\nNorthern Trust Corporation, Head Office: 50 South La Salle Street, Chicago,\nIllinois 60603 U.S.A., incorporated with limited liability in the U.S. Global\nlegal and regulatory information can be found at\nhttps://www.northerntrust.com/terms-and-conditions\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.northerntrust.com%2Fterms-and-conditions&esheet=54611074&newsitemid=20260925896750&lan=en-US&anchor=https%3A%2F%2Fwww.northerntrust.com%2Fterms-and-conditions&index=6&md5=f02d45d80aae729a7530e9a79ee59780)\n.\n\nBefore investing, carefully consider the investment objectives, risks, charges\nand expenses. This and other information are in the prospectus and a summary\nprospectus, copies of which may be obtained by visiting\netfs.ntam.northerntrust.com\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fmail.e.northerntrust.com%2FNTA0LVpZSy0xNzMAAAGkdFqk98o9UtjuMds84TSSCHSnKAWRdXWw0kOlWzipX4U6bZwBXRy_7000yMmdTNRkpLaJG5U%3D&esheet=54611074&newsitemid=20260925896750&lan=en-US&anchor=etfs.ntam.northerntrust.com&index=7&md5=49de2fcd03f9fe5363672993a92ef24e)\n. Read the prospectus carefully before you invest.\n\nNorthern Funds Distributors, LLC, distributor. Northern Funds Distributors,\nLLC is not affiliated with Northern Trust\n\n© 2026 Northern Funds | Northern Funds are distributed by Northern Funds\nDistributors, LLC, not affiliated with Northern Trust.\n\nAll investments are subject to investment risk, including the possible loss of\nprincipal amount invested. Investments do not typically grow at an even rate\nof return and may experience negative growth. As with any type of portfolio\nstructuring, attempting to reduce risk and increase return could, at certain\ntimes, unintentionally reduce returns.\n\nNOT FDIC INSURED | MAY LOSE VALUE | NO BANK GUARANTEE\n\nAs with any fund, it is possible to lose money on an investment in the Fund.\nAn investment in the Fund is not a deposit of any bank and is not insured or\nguaranteed by the Federal Deposit Insurance Corporation, any other government\nagency, or The Northern Trust Company, its affiliates, subsidiaries or any\nother bank.\n\nETFs are subject to additional risks that do not apply to conventional mutual\nfunds, including the risks that the market price of an ETF’s shares may\ntrade at a premium or discount to its net asset value, an active secondary\ntrading market may not develop or be maintained, or trading may be halted by\nthe exchange in which they trade, which may impact an ETF’s ability to sell\nits shares. Shares of any ETF are bought and sold at market price (not NAV)\nand are not individually redeemed from the ETF. Brokerage commissions will\nreduce returns.\n\nThe publisher’s sale of this reprint does not constitute or imply any\nendorsement or sponsorship of any product, service or organization.\n\n\n\nView source version on businesswire.com:\nhttps://www.businesswire.com/news/home/20260925896750/en/\n(https://www.businesswire.com/news/home/20260925896750/en/)\n\nMedia Contact:\n\nJoanne Zalatoris\n\n+1 (312) 900-3462\n\nJoanne.zalatoris@ntrs.com \n(mailto:Joanne.zalatoris@ntrs.com) \nhttp://www.northerntrust.com\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.northerntrust.com&esheet=54611074&newsitemid=20260925896750&lan=en-US&anchor=http%3A%2F%2Fwww.northerntrust.com&index=8&md5=46ed9b6802e75c401d55afab1c2f4fbe)\n\n\nCopyright Business Wire 2026"},"type":"article","timestamp":"2026-09-28T13:30:00.313544709Z","server_sent_at_ms":1790602200313},"received_at":"2026-09-28T13:30:00.439Z","source_url":"https://www.businesswire.com/news/home/20260925896750/en/"},"analysis":{"id":"143009","press_release_id":"154240","analysis_json":{"industry":{"label":"Capital Markets","sector":"Financials"},"redFlags":[],"eventType":"operations_update","narrative":"Northern Trust Asset Management plans to convert six mutual funds with roughly $33 billion in combined assets into ETFs in the first quarter of 2027.\n\nThe largest conversion is the $19.3B Northern Stock Index Fund into the Northern Trust MSCI US 500 ETF, alongside international, ultra-short fixed income, mid cap, small cap and equity income strategies.\n\nManagement frames the move as a growth-strategy response to strong ETF demand, citing tax efficiency, trading flexibility and transparency; NTRS already manages $27 billion in ETF assets and $1.6 trillion overall at NTAM.","sentiment":"bullish","agentHooks":{"shouldPost":true,"suggestedAngle":"NTRS leans into the ETF wave by converting $33B of index and income mutual funds into ETFs in Q1 2027."},"keyFigures":{"customDimensions":{"ntam_aum":"$1.6 trillion","ntrs_aua":"$20.0 trillion","ntrs_aum":"$2.0 trillion","etf_assets":"$27 billion","converted_fund_aum":["Northern Stock Index Fund $19.3B","Northern International Equity Index Fund $6.7B","Northern Tax-Advantaged Ultra-Short Fixed Income Fund $2.8B","Northern Mid Cap Index Fund $2.3B","Northern Small Cap Index Fund $1.6B","Northern Income Equity Fund $316M"]}},"quotedText":"These planned conversions are an important step in meeting growing client demand for ETFs, while bringing the scale, investment discipline and long-term perspective that define Northern Trust Asset Management to an expanded ETF platform.","namedEntities":{"people":[{"name":"Michael Hunstad","role":"President, Northern Trust Asset Management"},{"name":"Dave Abner","role":"Global Head of ETFs and Funds, Northern Trust Asset Management"}],"products":["Northern Trust MSCI US 500 ETF (NTLC)","Northern Trust MSCI EAFE ETF (NEFA)","Northern Trust Tax-Advantaged Ultra-Short Income ETF (TAXU)","Northern Trust MSCI US 400 ETF (NTMC)","Northern Trust MSCI US 2000 ETF (NTSC)","Northern Trust Equity Income ETF (QDFI)"],"companies":[{"name":"Northern Trust Corporation","ticker":"NTRS","relationship":"filer"},{"name":"Northern Trust Asset Management","relationship":"asset management subsidiary"}],"dollarAmounts":[{"amount":"US$1.6 trillion","context":"Northern Trust Asset Management AUM as of June 30, 2026"},{"amount":"$27 billion","context":"Northern Trust ETF assets as of June 30, 2026"},{"amount":"US$2.0 trillion","context":"Northern Trust Corporation AUM"},{"amount":"US$20.0 trillion","context":"Northern Trust assets under custody/administration"}]},"materialImpact":{"score":2,"reasoning":"Conversion of six mutual funds (~$33B combined AUM) into ETFs is a strategic growth move for the asset management franchise but routine and not near-term earnings-moving for a $2T AUM custody bank."},"tickerRelevance":{"others":[],"primary":"NTRS"},"globalImportance":25,"audienceRelevance":30,"eventTypeSecondary":["product_launch"],"importanceComponents":{"tickerTier":"large-cap financial","aumAffected":"~$33B of $1.6T NTAM AUM","eventGravity":"routine product-structure conversion","householdBrandBoost":"moderate"}},"event_type":"operations_update","event_type_secondary":["product_launch"],"sentiment":"bullish","material_impact_score":2,"narrative":"Northern Trust Asset Management plans to convert six mutual funds with roughly $33 billion in combined assets into ETFs in the first quarter of 2027.\n\nThe largest conversion is the $19.3B Northern Stock Index Fund into the Northern Trust MSCI US 500 ETF, alongside international, ultra-short fixed income, mid cap, small cap and equity income strategies.\n\nManagement frames the move as a growth-strategy response to strong ETF demand, citing tax efficiency, trading flexibility and transparency; NTRS already manages $27 billion in ETF assets and $1.6 trillion overall at NTAM.","key_figures":{"customDimensions":{"ntam_aum":"$1.6 trillion","ntrs_aua":"$20.0 trillion","ntrs_aum":"$2.0 trillion","etf_assets":"$27 billion","converted_fund_aum":["Northern Stock Index Fund $19.3B","Northern International Equity Index Fund $6.7B","Northern Tax-Advantaged Ultra-Short Fixed Income Fund $2.8B","Northern Mid Cap Index Fund $2.3B","Northern Small Cap Index Fund $1.6B","Northern Income Equity Fund $316M"]}},"named_entities":{"people":[{"name":"Michael Hunstad","role":"President, Northern Trust Asset Management"},{"name":"Dave Abner","role":"Global Head of ETFs and Funds, Northern Trust Asset Management"}],"products":["Northern Trust MSCI US 500 ETF (NTLC)","Northern Trust MSCI EAFE ETF (NEFA)","Northern Trust Tax-Advantaged Ultra-Short Income ETF (TAXU)","Northern Trust MSCI US 400 ETF (NTMC)","Northern Trust MSCI US 2000 ETF (NTSC)","Northern Trust Equity Income ETF (QDFI)"],"companies":[{"name":"Northern Trust Corporation","ticker":"NTRS","relationship":"filer"},{"name":"Northern Trust Asset Management","relationship":"asset management subsidiary"}],"dollarAmounts":[{"amount":"US$1.6 trillion","context":"Northern Trust Asset Management AUM as of June 30, 2026"},{"amount":"$27 billion","context":"Northern Trust ETF assets as of June 30, 2026"},{"amount":"US$2.0 trillion","context":"Northern Trust Corporation AUM"},{"amount":"US$20.0 trillion","context":"Northern Trust assets under custody/administration"}]},"model_name":"glm-5.3-flashx","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-09-28T13:30:07.743Z","global_importance":25,"audience_relevance":30,"importance_components":{"tickerTier":"large-cap financial","aumAffected":"~$33B of $1.6T NTAM AUM","eventGravity":"routine product-structure conversion","householdBrandBoost":"moderate"}},"durationMs":7264,"modelName":"glm-5.3-flashx"}}