PURSUE OBJECTIVES, MANAGE CHANGE. Services for Taft-Hartley Funds

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1 PURSUE OBJECTIVES, MANAGE CHANGE Services for Taft-Hartley Funds

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3 GAIN PEACE OF MIND As an administrator of a Taft-Hartley fund, you need to provide comprehensive, attentive service to your members while meeting the challenges of growth and change. Northern Trust understands this. Our flexible range of custody, administration and investment services can help you address the legal, compliance and administrative demands you face, allowing you to focus on meeting your goals.

4 EXPERTISE ON YOUR SIDE As a leading provider of asset servicing, Northern Trust has extensive experience with Taft-Hartley funds and is the provider of choice to leading administrators of Taft-Hartley funds nationwide. Northern Trust currently services 40% of the top 25 Taft-Hartley plans. You encounter unique challenges as you work to manage a multiemployer plan while maintaining your fund s growth. You need an experienced partner who can help you navigate the issues specific to your pension, health and welfare plans. Leverage Northern Trust s local expertise and gain insights from a multidisciplinary team of professionals committed to understanding the unique needs of Taft-Hartley funds. A dedicated relationship manager serves as your single point of contact with Northern Trust. We work with you to establish the performance standards by which the service and success of your Taft-Hartley team are measured. ASSET ADMINISTRATION Whether your asset administration needs are simple or sophisticated, we offer comprehensive capabilities to help you address them. You receive knowledgeable support from an experienced relationship team who will confer closely with you to develop an in-depth knowledge of your specific investment, operating and reporting requirements, and tailor solutions to meet those needs. COMPREHENSIVE ASSET SERVICING Global Custody Services Northern Trust is one of the world s leading custodians with more than $4 trillion in assets under custody. Our global operating platform distinguishes Northern Trust in the industry by combining scale with flexibility. 2 NORTHERN TRUST

5 To help you improve efficiency, enhance performance, reduce risk and achieve greater transparency, we work with you to create tailored asset servicing solutions. Our fully integrated subcustodian network covers approximately 95 markets. You can take advantage of a full array of global custody services, from safekeeping to risk analysis. Portfolio Accounting You can easily track transactions, holdings, income, entitlements, and gains/losses by using our wide range of standard and customized daily and monthly accounting packages. EXPERT ALTERNATIVES ADMINISTRATION Nontraditional Investments Enjoy expert administration of your alternative investments across private equity, property, hedge fund, fund of fund, commodity and infrastructure assets. Core custody and accounting services Rely on our skilled processing of alternative transactions, and take advantage of leading-edge accounting, reporting and performance capabilities. Enhanced service offering Sublicense and deploy specialized software to perform limited partnership tracking and analysis on your desktop. Track cash flows, monitor pricing, follow partnership activities and analyze company holdings, general partner statements and reconciliations. To keep abreast of the developments that affect you, Northern Trust is an active member in the International Foundation of Employee Benefit Plans. Fully outsourced services Allow Northern Trust to relieve you of the burden of managing calculations and monitoring cash flows. Let us produce opportunity cost analyses, program benchmarking, limited partnership holding analyses and more. Efficient Derivatives Processing Derivatives can be cost-effective tools for implementing investment strategies and controlling risk. Rely on Northern Trust for efficient processing and advanced data integrity for both exchange-traded and over-the-counter derivatives. Leverage our investment in straightthrough processing and our industry-leading, proprietary processes to capture, service, report and account for these instruments. NORTHERN TRUST 3

6 PROFESSIONAL ASSET SOLUTIONS Foreign Exchange Secure broad trading coverage and multicurrency execution, settlement and trading support whenever you need it with Northern Trust s global foreign exchange solutions. Global Securities Lending COMMITTED TO OUR COMMUNITIES Like you, Northern Trust believes strong, healthy communities benefit all who live and work in them. We are committed to improving our communities by reinvesting in them through a variety of channels, including: Progressive community lending efforts; Contributions to local agencies and organizations; Active volunteer efforts by Northern Trust employees; Matching gift and volunteer grants programs that encourage giving by Northern Trust employees, retirees and directors; Gifts in kind, such as donations of meeting space, graphic design expertise and other important knowledge services; Directorship guidance to numerous charitable and civic boards; and Maximum use of organized labor when hiring contractors for construction and substantial maintenance projects. Take advantage of flexible lending criteria, one of the market s largest lending pools, and a global network of top-tier borrower organizations. Our worldwide lending staff will work with you to design a customized program to meet your risk management and revenue generation needs. Treasury Management Services Reduce fraud exposure, control expenses, improve information flows, automate processes and optimize your use of payment alternatives. Our knowledgeable consultants will work with you to design a treasury management solution to support your plan and its participants. Transition Management When transitioning your portfolio, you want to make sure all the associated costs, risks and operational issues have minimal impact. Northern Trust s transition management team works with you to fully understand your needs and prepare a customized plan to restructure your assets in a highly cost-effective and timely manner. Commission Management You can add value, control commission expense and enhance investment performance by directing your trades through our premier broker network. FLEXIBLE BENEFIT PAYMENT SERVICES Northern Trust issues more than 1.3 million payments each month for defined benefit, defined contribution and nonqualified plans. Our benefit payments services offer you flexibility and convenience. Manage virtually all aspects of payment processing with Benefit Payment Passport, available 24 hours a day, seven days a week, via the Internet. 4 NORTHERN TRUST

7 Respond to inquiries quickly and accurately by accessing current or historical participant and payment information. Receive timely responses from experienced Participant Service Center representatives. Issue and mail checks to participants the next business day. Simplify program administration with Northern Trust s tax withholding service. Issue federal tax statements for retirees, including those residing in Puerto Rico. POWERFUL TECHNOLOGY Underpinning the delivery of services to the Taft-Hartley funds market, Northern Trust deploys some of the most sophisticated technology in the business. You can integrate trade, entitlement, accounting and pricing information across your accounts with Northern Trust and other providers using Northern Trust Passport, our Web-based portal. Northern Trust is one of the world s leading providers of asset servicing, asset management and wealth management services. Founded in 1889, we have a history of strength and stability. Today, we are a global leader in combining exceptional client service and expertise with innovative products and technology. NORTHERN TRUST 5

8 Passport offers you access to easy-to-use tools that you can customize to collect, analyze and report information, monitor accounts and complete transactions. Management Reporting Obtain daily access to transaction, holding and portfolio accounting information. Custom Reporting Create customized reports with an online report generator or download information. Cash Forecasting Project daily cash flows more precisely to facilitate short-term investment decision-making. Corporate Action Delivery and Response Respond to events affecting your portfolio. Class Action Reporting Report on class action filing and processing. Plan Allocation Reporting Receive a collection of monthly statements that report holdings to participants by allocating the assets of a fund into multiple pools. Fund Peek-Through Reporting Drill down into detailed asset information on the underlying holdings of mutual funds and commingled funds provided by the fund companies. 6 NORTHERN TRUST

9 INVESTMENT RISK AND ANALYTICAL SERVICES Market Risk Services Quantify the potential volatility of your portfolios. Compliance Monitoring Track compliance with investment guidelines on a daily basis. Market Event Analysis Get detailed insights on how market events affect your portfolio. Analytical Reporting Review key information including rates of return, asset allocation, benchmark and universe comparisons. Executive Reporting Tailor reports to the preferences of your key constituencies. E VA LUATE P E R F O R M A N C E DESIGN & IMPLEMENT Asset / Liability Modeling Asset Allocation Modeling Manager Searches Investment Policy Development Manager Due Diligence Rates of Return Asset Allocation Universe Comparisons Manager Analysis Executive Reporting MANAGING YOUR INVESTMENT PROGRAM Compliance Monitoring Market Event Impact Analysis Market Risk Services Risk Universe M O N ITO R & M E A S U R E RI S K Strengthen your program oversight. Northern Trust s industry-recognized investment analysis, monitoring and evaluation services, delivered by Passport, can help you take greater control of your global investment program. NORTHERN TRUST 7

10 WORLD-CLASS INVESTMENT MANAGEMENT Gain access to a broad selection of disciplined investment solutions through Northern Trust Global Investments (NTGI), our worldwide, multi-asset class investment organization. Active Investment Management Growth and value equity Short- and long-duration fixed income International equity Quantitative Management Index strategies and funds Enhanced indexing strategies and funds Quant active strategies Cash Management Custom cash funds Off balance sheet investment vehicles Manager of Managers Total program management Emerging/minority manager programs Long-only strategies and funds Alternative investments Comprehensive Investment Solutions Liability-driven investing Portable alpha strategies Socially responsible investing FOR MORE INFORMATION PLEASE VISIT northerntrust.com FREEDOM TO FOCUS With Northern Trust, you don t have to spend your time devising solutions, researching alternatives or creating plans all on your own. Our experienced and skilled professionals bring you forwardthinking solutions, deploying the latest technology. By providing a comprehensive array of financial services customized to the needs of Taft-Hartley funds, Northern Trust frees you to concentrate on delivering responsive, attentive service to your members. 8 NORTHERN TRUST Northern Trust Corporation, 2008

11 Deposit Accounts are FDIC Insured IRS CIRCULAR 230 NOTICE: To the extent that this message or any attachment concerns tax matters, it is not intended to be used and cannot be used by a taxpayer for the purpose of avoiding penalties that may be imposed by law. For more information about this notice, see Securities products and services are offered through Northern Trust Securities, Inc., member FINRA and SIPC and a wholly owned subsidiary of Northern Trust Corporation. Investment products and services are: NOT FDIC INSURED NO BANK GUARANTEE MAY LOSE VALUE Past performance is not necessarily a guide to the future. Information is not intended as investment advice or a recommendation of any product, security or strategy.

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