N-MFP1 0000916620 XXXXXXXX 2016-08-31 0000916620 S000001262 1 N N 033-73404 Northern Trust Investments, Inc. 801-33358 Deloitte & Touche LLP Chicago IL Northern Trust Investments, Inc. The Northern Trust Company 0000838981 085-05127 N N N Single State N 8 8 106421521.86 95466481.98 95011129.16 83716287.62 0.00 369116521.86 371461481.98 367916129.16 357921287.62 0.00 0.2813 0.2508 0.2518 0.2287 0.0000 0.9758 0.9760 0.9752 0.9777 0.0000 0.00 328931194.00 328932212.17 16546297.85 369218.13 345109291.89 345162332.6000 1.0000 0.0056 0.9999 0.9999 0.9999 0.9999 0.0000 C000003408 2500.00 345109291.89 345162332.6000 0.9999 0.9999 0.9999 0.9999 0.0000 30826794.49 13042297.55 29926759.17 27581498.33 36764366.54 40108746.74 6699855.17 17861549.70 0.00 0.00 109473292.53 124838656.73 0.0020 Y The Investment Advisor Reimbursed $5,067.62 of fees during the period ALAMEDA CALIF FINANCING AUTHORITY ALAMEDA CALIF FINANCING AUTHORITY 2003-A 0.629999% 010808CB7 US010808CB73 Variable Rate Demand Note First Tier Security N/A N/A 2016-09-07 2016-09-07 2033-12-01 Y MUFG UNION BANK NA N/A N/A 1.0000 7 N N N 0.0063 200000.00 200000.00 0.0006 N N Y N CALIFORNIA ST HEALTH FACS - EL CAM CALIFORNIA ST HEALTH FACS - EL CAM 2005 -H 0.609997% 13033FF54 US13033FF541 Variable Rate Demand Note First Tier Security N/A N/A 2016-09-07 2016-09-07 2035-07-01 Y SUMITOMO MITSUI BANKING CORPORAT N/A N/A 1.0000 7 N N N 0.0061 8000000.00 8000000.00 0.0232 N N Y N CA HLTH FAC FING AUTH CA HLTH FAC FING AUTH 2004- K 0.649997% 13033FTN0 5493007RI8BUDOGHZ546 US13033FTN05 Variable Rate Demand Note First Tier Security N/A N/A 2016-09-07 2016-09-07 2033-07-01 Y MIZUHO BANK LTD N/A N/A 1.0000 7 N N N 0.0065 12000000.00 12000000.00 0.0348 N N Y N CALIFORNIA HEALTH FACS FING AUTH R CALIFORNIA HEALTH FACS FING AUTH R 2009 - H 0.559998% 13033LER4 5493007RI8BUDOGHZ546 US13033LER42 Variable Rate Demand Note First Tier Security N/A N/A 2016-09-07 2016-09-07 2033-07-01 Y WELLS FARGO BANK NA N/A N/A 1.0000 7 N N N 0.0056 6400000.00 6400000.00 0.0185 N N Y N CALIFORNIA POLLUTN CTL FING AUTH P CALIFORNIA POLLUTN CTL FING AUTH P 2015-C 0.619996% 130534XA3 US130534XA35 Variable Rate Demand Note First Tier Security N/A N/A 2016-09-01 2016-09-01 2026-11-01 Y MIZUHO BANK LTD N/A N/A 1.0000 1 N N N 0.0062 18000000.00 18000000.00 0.0522 N Y Y N CALIF PCFA - PG&E CALIF PCFA - PG&E F 0.619996% 130534XD7 US130534XD73 Variable Rate Demand Note First Tier Security N/A N/A 2016-09-01 2016-09-01 2026-11-01 Y TD Bank NA N/A N/A 1.0000 1 N N N 0.0062 3100000.00 3100000.00 0.0090 N Y Y N CALIF PCFA - PG&E CALIF PCFA - PG&E 1996 E 0.579996% 130534XX3 US130534XX38 Variable Rate Demand Note First Tier Security N/A N/A 2016-09-01 2016-09-01 2026-11-01 Y SUMITOMO MITSUI BANKING CORPORAT N/A N/A 1.0000 1 N N N 0.0058 15090000.00 15090000.00 0.0437 N Y Y N CALIFORNIA ST CALIFORNIA ST 2005-B-3 0.619996% 13062RG51 US13062RG519 Variable Rate Demand Note First Tier Security N/A N/A 2016-09-07 2016-09-07 2040-05-01 Y SUMITOMO MITSUI BANKING CORPORAT N/A N/A 1.0000 7 N N N 0.0062 6135000.00 6135000.00 0.0178 N N Y N CALIFORNIA ST CALIFORNIA ST 2005-B-7 0.499999% 13062RG93 US13062RG931 Variable Rate Demand Note First Tier Security N/A N/A 2016-09-01 2016-09-01 2040-05-01 Y JPMORGAN CHASE BANK NA N/A N/A 1.0000 1 N N N 0.0050 8500000.00 8500000.00 0.0246 N Y Y N STATE OF CALIFORNIA STATE OF CALIFORNIA 2012 0.559998% 13063A6C3 US13063A6C38 Variable Rate Demand Note First Tier Security N/A N/A 2016-09-07 2016-09-07 2034-05-01 Y CITIBANK NA N/A N/A 1.0000 7 N N N 0.0056 4000000.00 4000000.00 0.0116 N N Y N CALIFORNIA ST CALIFORNIA ST 2003A-3 0.499999% 13063BCH3 US13063BCH33 Variable Rate Demand Note First Tier Security N/A N/A 2016-09-01 2016-09-01 2033-05-01 Y Bank of Montreal N/A N/A 1.0000 1 N N N 0.0050 14900000.00 14900000.00 0.0432 N Y Y N CALIFORNIA STATEWIDE CMNTYS DEV AU CALIFORNIA STATEWIDE CMNTYS DEV AU 2004A 0.649997% 13077V6L1 549300KTNI2GCJNX2U48 US13077V6L17 Variable Rate Demand Note First Tier Security N/A N/A 2016-09-07 2016-09-07 2036-09-01 Y CITIBANK NA N/A N/A 1.0000 7 N N N 0.0065 900000.00 900000.00 0.0026 N N Y N CALIFORNIA STATEWIDE CMNTYS DEV AU CALIFORNIA STATEWIDE CMNTYS DEV AU 2011-B 0.599998% 1307953L9 549300KTNI2GCJNX2U48 US1307953L99 Variable Rate Demand Note First Tier Security N/A N/A 2016-09-07 2016-09-07 2033-06-01 Y WELLS FARGO BANK NA N/A N/A 1.0000 7 N N N 0.0060 11500000.00 11500000.00 0.0333 N N Y N CALIFORNIA STATEWIDE CMNTYS DEV AU CALIFORNIA STATEWIDE CMNTYS DEV AU 2006F 0.599998% 13079FAT2 549300KTNI2GCJNX2U48 US13079FAT21 Variable Rate Demand Note First Tier Security N/A N/A 2016-09-07 2016-09-07 2041-02-15 Y FEDERAL HOME LOAN BANK OF SAN FR N/A N/A 1.0000 7 N N N 0.0060 11385000.00 11385000.00 0.0330 N N Y N CALIFORNIA STATEWIDE CMNTYS DEV AU CALIFORNIA STATEWIDE CMNTYS DEV AU 2009M 0.599998% 13079PQG1 549300KTNI2GCJNX2U48 US13079PQG18 Variable Rate Demand Note First Tier Security N/A N/A 2016-09-07 2016-09-07 2049-09-01 Y FEDERAL HOME LOAN BANK OF SAN FR N/A N/A 1.0000 7 N N N 0.0060 4290000.00 4290000.00 0.0124 N N Y N CALIFORNIA STATEWIDE CMNTYS DEV AU CALIFORNIA STATEWIDE CMNTYS DEV AU CALIFORNIA STATEWIDE CMNT 0.609997% 130911GK0 549300KTNI2GCJNX2U48 US130911GK03 Variable Rate Demand Note First Tier Security N/A N/A 2016-09-07 2016-09-07 2031-01-01 Y US BANK NATIONAL ASSOCIATION N/A N/A 1.0000 7 N N N 0.0061 6700000.00 6700000.00 0.0194 N N Y N CASTAIC LAKE WTR AGY CALIF REV CTF CASTAIC LAKE WTR AGY CALIF REV CTF 2008-A 0.609997% 14837KEW1 US14837KEW18 Variable Rate Demand Note First Tier Security N/A N/A 2016-09-07 2016-09-07 2020-08-01 Y WELLS FARGO BANK NA N/A N/A 1.0000 7 N N N 0.0061 2700000.00 2700000.00 0.0078 N N Y N CHINO BASIN CALIF REGL FING AUTH-I CHINO BASIN CALIF REGL FING AUTH-I 2008-B 0.609997% 169498DR0 US169498DR08 Variable Rate Demand Note First Tier Security N/A N/A 2016-09-07 2016-09-07 2032-06-01 Y SUMITOMO MITSUI BANKING CORPORAT N/A N/A 1.0000 7 N N N 0.0061 4885000.00 4885000.00 0.0142 N N Y N CORONA CALIF MULTIFAMILY REV CORONA CALIF MULTIFAMILY REV 1995-B 0.609997% 219695AB9 US219695AB94 Variable Rate Demand Note First Tier Security N/A N/A 2016-09-07 2016-09-07 2025-02-01 Y FEDERAL HOME LOAN MORTGAGE CORPO N/A N/A 1.0000 7 N N N 0.0061 4600000.00 4600000.00 0.0133 N N Y N DALY CITY CALIF HSG DEV FIN AG DALY CITY CALIF HSG DEV FIN AG 1999 Iss 0.609997% 235670AB2 US235670AB24 Variable Rate Demand Note First Tier Security N/A N/A 2016-09-07 2016-09-07 2029-10-15 Y Federal National Mortgage Associ N/A N/A 1.0000 7 N N N 0.0061 19550000.00 19550000.00 0.0566 N N Y N FRESNO CA MULTIFAMILY HSG FRESNO CA MULTIFAMILY HSG Series 2 0.579996% 35819HAQ2 US35819HAQ20 Variable Rate Demand Note First Tier Security N/A N/A 2016-09-07 2016-09-07 2031-02-15 Y Federal National Mortgage Associ N/A N/A 1.0000 7 N N N 0.0058 5560000.00 5560000.00 0.0161 N N Y N LIVERMORE CALIF LIVERMORE CALIF 2014-B 0.559998% 538164JB1 US538164JB17 Variable Rate Demand Note First Tier Security N/A N/A 2016-09-07 2016-09-07 2030-10-01 Y US BANK NATIONAL ASSOCIATION N/A N/A 1.0000 7 N N N 0.0056 7530000.00 7530000.00 0.0218 N N Y N LOS ANGELES CALIF DEPT PWR LOS ANGELES CALIF WTR & PWR REV 2002 A-4 0.539996% 544495DW1 US544495DW16 Variable Rate Demand Note First Tier Security N/A N/A 2016-09-07 2016-09-07 2035-07-01 Y LOS ANGELES CALIF DEPT PWR N/A N/A 1.0000 7 N N N 0.0054 5000000.00 5000000.00 0.0145 N N Y N LOS ANGELES CALIF DEPT PWR LOS ANGELES CALIF DEPT WTR & PWR R 2002-A-6 0.549999% 544495DX9 US544495DX98 Variable Rate Demand Note First Tier Security N/A N/A 2016-09-01 2016-09-01 2035-07-01 Y LOS ANGELES CALIF DEPT PWR N/A N/A 1.0000 1 N N N 0.0055 12500000.00 12500000.00 0.0362 N Y Y N MANHATTAN BEACH CALIF COPS MANHATTAN BEACH CALIF COPS MANHATTAN BEACH CALIF COP 0.579996% 562765AT4 US562765AT43 Variable Rate Demand Note First Tier Security N/A N/A 2016-09-07 2016-09-07 2032-08-01 Y MUFG UNION BANK NA N/A N/A 1.0000 7 N N N 0.0058 2045000.00 2045000.00 0.0059 N N Y N METROPOLITAN WATER DISTRICT OF SOUTHERN METROPOLITAN WATER DISTRICT OF SOU 2013 D 0.539996% 59266TKD2 5493003GD0S0P56RLT45 US59266TKD27 Variable Rate Demand Note First Tier Security N/A N/A 2016-09-07 2016-09-07 2035-07-01 Y METROPOLITAN WATER DISTRICT OF S N/A N/A 1.0000 7 N N N 0.0054 4500000.00 4500000.00 0.0130 N N Y N MISSION VIEJO CALIF CMNTY DEV MISSION VIEJO CALIF CMNTY DEV 1999 ser 0.639998% 60519PAA0 US60519PAA03 Variable Rate Demand Note First Tier Security N/A N/A 2016-09-07 2016-09-07 2028-09-01 Y MUFG UNION BANK NA N/A N/A 1.0000 7 N N N 0.0064 7400000.00 7400000.00 0.0214 N N Y N NUVEEN CALIFORNIA DIVIDEND ADVANTAGE MU NUVEEN CA DIVIDEND ADVANTAGE MUNI VRDP 0.669999% 67066Y873 US67066Y8738 Variable Rate Demand Note First Tier Security N/A N/A 2016-09-07 2016-09-07 2040-08-01 Y NUVEEN CALIFORNIA DIVIDEND ADVANTAGE MU N/A N/A 1.0000 7 N N N 0.0067 7000000.00 7000000.00 0.0203 N N Y N OCEANSIDE CALIF MULTIFAMILY HSG RE OCEANSIDE CALIF MULTIFAMILY HSG RE 2009 0.599998% 67536LAA3 US67536LAA35 Variable Rate Demand Note First Tier Security N/A N/A 2016-09-07 2016-09-07 2049-03-01 Y FEDERAL HOME LOAN MORTGAGE CORPO N/A N/A 1.0000 7 N N N 0.0060 2075000.00 2075000.00 0.0060 N N Y N ORANGE CNTY CALIF APT DEV REV ORANGE CNTY CALIF APT DEV REV 1997A 0.609997% 684209KL2 US684209KL29 Variable Rate Demand Note First Tier Security N/A N/A 2016-09-07 2016-09-07 2037-06-15 Y Federal National Mortgage Associ N/A N/A 1.0000 7 N N N 0.0061 7635000.00 7635000.00 0.0221 N N Y N RIVERSIDE CALIF CTFS PARTN RIVERSIDE CALIF CTFS PARTN CITY OF RIVERSIDE CA VAR 0.609997% 768861GA8 US768861GA85 Variable Rate Demand Note First Tier Security N/A N/A 2016-09-07 2016-09-07 2037-03-01 Y Bank of America NA N/A N/A 1.0000 7 N N N 0.0061 14000000.00 14000000.00 0.0406 N N Y N RIVERSIDE CALIF WTR REV RIVERSIDE CALIF WTR REV 2011-A 0.698360% 769076UH1 US769076UH14 Other Municipal Security First Tier Security N/A N/A 2017-02-01 2017-02-01 2035-10-01 N N N 0.0070 3900000.00 3900000.00 0.0113 N N N N RIVERSIDE CNTY CALIF HSG AUTHMULTI RIVERSIDE CNTY CALIF HSG AUTHMULTI C 0.629999% 76911MCS6 US76911MCS61 Variable Rate Demand Note First Tier Security N/A N/A 2016-09-07 2016-09-07 2027-01-15 Y Federal National Mortgage Associ N/A N/A 1.0000 7 N N N 0.0063 7100000.00 7100000.00 0.0206 N N Y N RIVERSIDE CA TEETERS RIVERSIDE CA TEETERS 2015 - D 2.000000% 76914AAH5 US76914AAH59 Other Municipal Security First Tier Security N/A N/A 2016-10-12 2016-10-12 2016-10-12 N N N 0.0200 3806194.00 3806194.00 0.0110 N N N N SACRAMENTO CNTY CALIF HSG AUTH MUL SACRAMENTO CNTY CALIF HSG AUTH MUL SACREMENTO CNTY CA HSG AU 0.629999% 786111EW0 US786111EW08 Variable Rate Demand Note First Tier Security N/A N/A 2016-09-07 2016-09-07 2029-07-15 Y Federal National Mortgage Associ N/A N/A 1.0000 7 N N N 0.0063 5220000.00 5220000.00 0.0151 N N Y N SACRAMENTO CNTY CALIF HSG AUTH SACRAMENTO CNTY CALIF HSG AUTH SERIES 2 0.579996% 786111FH2 US786111FH22 Variable Rate Demand Note First Tier Security N/A N/A 2016-09-07 2016-09-07 2031-02-15 Y Federal National Mortgage Associ N/A N/A 1.0000 7 N N N 0.0058 6040000.00 6040000.00 0.0175 N N Y N SAN BERNARDINO CNTY CALIF SAN BERNARDINO CNTY CALIF SAN BERNARDINO CNTY, CA M 0.629999% 796900EA2 US796900EA24 Variable Rate Demand Note First Tier Security N/A N/A 2016-09-07 2016-09-07 2027-02-15 Y Federal National Mortgage Associ N/A N/A 1.0000 7 N N N 0.0063 7260000.00 7260000.00 0.0210 N N Y N SAN FRANCISCO CA RA - 3RD & MISSN SAN FRANCISCO CA RA - 3RD & MISSN SAN FRANCISCO CITY & VAR 0.649997% 79765TBY0 US79765TBY01 Variable Rate Demand Note First Tier Security N/A N/A 2016-09-07 2016-09-07 2034-06-15 Y Federal National Mortgage Associ N/A N/A 1.0000 7 N N N 0.0065 12100000.00 12100000.00 0.0351 N N Y N SAN FRANCISCO CALIF CITY & CNTY FI SAN FRANCISCO CALIF CITY & CNTY FI 2008-1 0.599998% 79765XPD2 US79765XPD20 Variable Rate Demand Note First Tier Security N/A N/A 2016-09-07 2016-09-07 2030-04-01 Y STATE STREET BANK AND TRUST COMP N/A N/A 1.0000 7 N N N 0.0060 16185000.00 16185000.00 0.0469 N N Y N SAN FRANCISCO CALIF CITY & CNTY AR SAN FRANCISCO CALIF CITY & CNTY AR 37C 0.619996% 79766DBC2 US79766DBC20 Variable Rate Demand Note First Tier Security N/A N/A 2016-09-07 2016-09-07 2029-05-01 Y MUFG UNION BANK NA N/A N/A 1.0000 7 N N N 0.0062 11190000.00 11190000.00 0.0324 N N Y N SUNNYVALE CALIF SUNNYVALE CALIF CITY OF SUNNYVALE CA VAR 0.589999% 867546CD3 US867546CD30 Variable Rate Demand Note First Tier Security N/A N/A 2016-09-07 2016-09-07 2031-04-01 Y MUFG UNION BANK NA N/A N/A 1.0000 7 N N N 0.0059 12220000.00 12220000.00 0.0354 N N Y N TAHOE FOREST CA HOSP DIST TAHOE FOREST CA HOSP DIST TAHOE FOREST, CALIF HOSP. 0.559998% 873825CN1 US873825CN12 Variable Rate Demand Note First Tier Security N/A N/A 2016-09-01 2016-09-01 2033-07-01 Y US BANK NATIONAL ASSOCIATION N/A N/A 1.0000 1 N N N 0.0056 2430000.00 2430000.00 0.0070 N Y Y N SAN FRANCISCO WATER ENTERPRISE TOB SAN FRANCISCO WATER ENTERPRISE 0.599998% 88033MLY1 US88033MLY11 Tender Option Bond First Tier Security N/A N/A 2016-09-07 2016-09-07 2039-11-01 Y SAN FRANCISCO WATER ENTERPRISE N/A N/A 1.0000 7 N N N 0.0060 3400000.00 3400000.00 0.0099 N N Y N Northern Funds 2016-09-08 Lloyd A. Wennlund Lloyd A. Wennlund President