| Name of Bond | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| MFB NORTHERN HIGH YIELD FIXED INCOME FD | 0 | 0 |
| MFB NORTHERN FUNDS FIXED INCOME FD | 0 | 0 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| MFB NORTHERN FDS GROWTH EQUITY FD | FMV | 0 | 0 |
| MFB NORTHERN FDS INCOME EQUITY FD | FMV | 0 | 0 |
| MFB NORTHERN MID CAP INDEX FD | FMV | 0 | 0 |
| MFB NORTHERN FDS SMALL CAP VALUE FD | FMV | 0 | 0 |
| MFB NORTHERN FDS MULTI-MANAGER EMERGING MKTS EQUITY FD | FMV | 0 | 0 |
| MFO PIMCO PAC INVT STRATEGY | FMV | 0 | 0 |
| ABBVIE INC COM USD0.01 (ABBV) | FMV | 12,361 | 13,572 |
| ALTRIA GROUP INC COM (MO) | FMV | 9,581 | 10,250 |
| ANALOG DEVICES, INC., COMMON STOCK, $.16 | FMV | 6,589 | 6,926 |
| APPLE INC COM STK (AAPL) | FMV | 7,625 | 8,978 |
| AT&T INC COM (T) | FMV | 6,272 | 6,258 |
| AUTOMATIC DATA PROCESSING INC COM (ADP) | FMV | 8,411 | 9,374 |
| BAXTER INTL INC COMMON STOCK (BAX) | FMV | 7,613 | 7,372 |
| BLACKROCK INC COM STK (BLK) | FMV | 6,054 | 6,646 |
| BRISTOL MYERS SQUIBB CO COMMON STOCK | FMV | 6,460 | 7,866 |
| CHEVRON CORP COM (CVX) | FMV | 14,059 | 14,115 |
| CISCO SYSTEMS INC COMMON STOCK (CSCO) | FMV | 13,448 | 12,213 |
| COCA COLA CO COM (KO) | FMV | 9,419 | 9,749 |
| EMERSON ELECTRIC CO COM (EMR) | FMV | 11,294 | 12,632 |
| GENERAL ELECTRIC CO (GE) | FMV | 14,487 | 16,370 |
| HCP INC COM REIT (HCP) | FMV | 10,197 | 8,463 |
| HEALTH CARE REIT INC COM (HCN) | FMV | 10,877 | 8,946 |
| INTEL CORP COM (INTC) | FMV | 13,970 | 15,316 |
| JOHNSON & JOHNSON COM USD1 (JNJ) | FMV | 16,818 | 16,669 |
| KIMBERLY-CLARK CORP. COMMON STOCK $5 PAR | FMV | 15,222 | 15,982 |
| KRAFT FOODS GROUP INC COM (KRFT) | FMV | 13,618 | 13,103 |
| LOCKHEED MARTIN CORP COM (LMT) | FMV | 11,267 | 13,231 |
| MC DONALDS CORP. COMMON STOCK, NO PAR | FMV | 17,254 | 17,174 |
| MERCK & CO INC NEW COM (MRK) | FMV | 10,521 | 11,011 |
| MICROSOFT CORP COM (MSFT) | FMV | 10,654 | 12,127 |
| NEXTERA ENERGY INC COM (NEE) | FMV | 4,670 | 4,709 |
| PAYCHEX INC., COMMON STOCK (PAYX) | FMV | 6,088 | 6,738 |
| PHILIP MORRIS INTL COM STK NPV (PM) | FMV | 11,560 | 11,240 |
| PROCTER & GAMBLE COM NPV (PG) | FMV | 11,199 | 11,316 |
| QUALCOMM INC COM (QCOM) | FMV | 10,386 | 11,583 |
| SPECTRA ENERGY CORP COM STK (SE) | FMV | 11,718 | 12,253 |
| US BANCORP (USB) | FMV | 12,519 | 13,413 |
| VENTAS INC REIT (VTR) | FMV | 4,123 | 3,551 |
| WILLIAMS COMPANY INC COMMON STOCK $1 PAR | FMV | 12,907 | 14,155 |
| CULLEN / FROST BANKERS INC COM (CFR) | FMV | 12,250 | 12,653 |
| GALLAGHER ARTHUR J & CO COM (AJG) | FMV | 7,433 | 7,790 |
| GENUINE PARTS CO COM (GPC) | FMV | 6,665 | 6,822 |
| MATTEL INC COM STOCK $1.00 PAR (MAT) | FMV | 10,453 | 11,610 |
| ONEOK INC COM STK (OKE) | FMV | 13,647 | 15,918 |
| REALTY INCOME CORP COM (O) | FMV | 3,876 | 3,360 |
| TUPPERWARE BRANDS CORPORATION (TUP) | FMV | 4,582 | 5,105 |
| WISCONSIN ENERGY COMMON STOCK (WEC) | FMV | 9,218 | 9,012 |
| BCE INC COM NEW (BCE) | FMV | 7,753 | 7,922 |
| NOVARTIS AG (NVS) | FMV | 10,388 | 11,253 |
| GLAXOSMITHKLINE PLC SPONSORED ADR (GSK) | FMV | 7,888 | 8,222 |
| ABBVIE INC COM USD0.01 (ABBV) | FMV | 6,957 | 7,922 |
| ALEXION PHARMACEUTICALS INC COM (ALXN) | FMV | 7,464 | 8,915 |
| AMAZON COM INC COM (AMZN) | FMV | 9,799 | 12,761 |
| AMERICAN EXPRESS CO., COMMON STOCK, | FMV | 6,774 | 7,984 |
| AMERICAN TOWER CORP (AMT) | FMV | 6,052 | 6,625 |
| AMERIPRISE FINL INC COM (AMP) | FMV | 3,019 | 3,106 |
| APPLE INC COM STK (AAPL) | FMV | 23,286 | 26,372 |
| BIOGEN IDEC INC COM STK (BIIB) | FMV | 8,617 | 10,631 |
| BOEING CO COM (BA) | FMV | 7,169 | 8,735 |
| CELGENE CORP COM (CELG) | FMV | 13,574 | 15,882 |
| COSTCO WHOLESALE CORP NEW COM (COST) | FMV | 6,284 | 6,546 |
| CUMMINS INC (CMI) | FMV | 6,141 | 6,626 |
| DANAHER CORP. COMMON STOCK $.01 PAR | FMV | 6,794 | 7,720 |
| DU PONT E I DE NEMOURS & CO COM STK (DD) | FMV | 6,835 | 7,472 |
| EATON CORP PLC COM USD0.50 (ETN) | FMV | 6,570 | 7,460 |
| EBAY INC COM USD0.001 (EBAY) | FMV | 7,402 | 7,849 |
| ESTEE LAUDER COMPANIES INC CL A USD0.01 | FMV | 5,819 | 6,402 |
| EXPRESS SCRIPTS HLDG CO COM (ESRX) | FMV | 6,813 | 7,586 |
| FACEBOOK INC CL A CL A (FB) | FMV | 7,433 | 9,019 |
| GILEAD SCIENCES INC (GILD) | FMV | 9,701 | 11,723 |
| GOOGLE INC CL A CL A (GOOG) | FMV | 21,534 | 26,897 |
| GRAINGER, W. W., INC., COMMON STOCK, $1 | FMV | 4,907 | 4,853 |
| HOME DEPOT INC., COMMON STOCK, $.05 PAR | FMV | 9,411 | 10,210 |
| INTERCONTINENTALEXCHANGE GROUP INC COM | FMV | 5,532 | 6,748 |
| INTUITIVE SURGICAL INC COM NEW STK | FMV | 3,820 | 3,841 |
| LINKEDIN CORP CL A (LNKD) | FMV | 5,943 | 5,421 |
| MASTERCARD INC CL A (MA) | FMV | 12,967 | 16,709 |
| MC DONALDS CORP. COMMON STOCK, NO PAR | FMV | 5,904 | 6,016 |
| MICHAEL KORS HOLDINGS LTD COM NPV (KORS) | FMV | 4,488 | 4,953 |
| MONSANTO CO NEW COM (MON) | FMV | 7,820 | 8,974 |
| NATIONAL OILWELL VARCO COM STK (NOV) | FMV | 7,570 | 7,873 |
| NIKE INC CL B CL B (NKE) | FMV | 6,769 | 7,943 |
| NOBLE ENERGY INC COM (NBL) | FMV | 4,176 | 4,359 |
| PEPSICO INC COM (PEP) | FMV | 9,535 | 9,787 |
| PRECISION CASTPARTS CORP COM (PCP) | FMV | 8,380 | 9,964 |
| PRICE T ROWE GROUP INC COM (TROW) | FMV | 4,961 | 5,696 |
| PRICELINE COM INC COM NEW STK (PCLN) | FMV | 9,739 | 11,624 |
| QUALCOMM INC COM (QCOM) | FMV | 8,491 | 9,356 |
| REGENERON PHARMACEUTICALS INC COM (REGN) | FMV | 5,064 | 4,954 |
| SALESFORCE COM INC COM STK (CRM) | FMV | 10,542 | 11,921 |
| SCHLUMBERGER LTD COM COM (SLB) | FMV | 8,754 | 9,101 |
| STARBUCKS CORP COM (SBUX) | FMV | 7,257 | 7,839 |
| VERIZON COMMUNICATIONS COM (VZ) | FMV | 7,051 | 7,322 |
| WALT DISNEY CO (DIS) | FMV | 8,337 | 10,008 |
| WHOLE FOODS MKT INC COM (WFM) | FMV | 6,660 | 6,882 |
| YUM BRANDS INC COM (YUM) | FMV | 5,577 | 5,898 |
| BIOMARIN PHARMACEUTICAL INC COM ISIN | FMV | 5,815 | 6,113 |
| CHURCH & DWIGHT INC COM (CHD) | FMV | 4,684 | 5,037 |
| CITRIX SYS INC COMMON STOCK (CTXS) | FMV | 4,087 | 3,732 |
| EDWARDS LIFESCIENCES CORP COM (EW) | FMV | 4,926 | 4,472 |
| JACOBS ENGR GROUP INC COM (JEC) | FMV | 6,606 | 6,992 |
| KANSAS CITY SOUTHN (KSU) | FMV | 9,252 | 10,278 |
| KLA-TENCOR CORP (KLAC) | FMV | 3,194 | 3,610 |
| PANERA BREAD CO CL A (PNRA) | FMV | 4,487 | 4,771 |
| STERICYCLE INC COM (SRCL) | FMV | 6,568 | 6,622 |
| TRACTOR SUPPLY CO COM (TSCO) | FMV | 5,796 | 7,060 |
| TRIMBLE NAV LTD COM (TRMB) | FMV | 3,408 | 4,511 |
| VALMONT INDS INC COM (VMI) | FMV | 4,402 | 4,623 |
| CATAMARAN CORP COM (CTRX) | FMV | 5,037 | 4,938 |
| NXP SEMICONDUCTORS N V COM STK (NXPI) | FMV | 4,463 | 5,236 |
| ARM HLDS PLC SPONSORED ISIN US0420681068 | FMV | 6,496 | 8,156 |
| SPDR S&P 500 ETF TRUST (SPY) | FMV | 26,688 | 31,394 |
| MFC ISHARES CORE S&P MID-CAP ETF (IJH) | FMV | 64,002 | 70,266 |
| SPDR DOW JONES REIT ETF (RWR) | FMV | 79,711 | 75,546 |
| MFC ISHARES TR CORE S&P SMALL-CAP ETF | FMV | 51,143 | 58,427 |
| MFC VANGUARD INTL EQUITY INDEX FDS | FMV | 9,301 | 10,146 |
| MFC VANGUARD FTSE EMERGING MKTS ETF | FMV | 8,057 | 8,228 |
| J P MORGAN CHASE & CO MEDIUM TERM SR | FMV | 49,972 | 50,191 |
| WELLS FARGO & CO NEW MEDIUM TERM SR | FMV | 50,628 | 50,703 |
| AMERICAN EXPRESS CREDIT 1.3% DUE | FMV | 50,112 | 50,387 |
| BERKSHIRE HATHAWAY FINANCE CORP .95% | FMV | 49,799 | 50,227 |
| DISNEY WALT CO NEW MEDIUM TERM NTS BOOK | FMV | 50,661 | 50,575 |
| GENERAL ELEC CAP CORP MEDIUM TERM NTS | FMV | 50,849 | 51,394 |
| INTEL CORP 1.35% DUE 12-15-2017 REG | FMV | 49,286 | 49,417 |
| METLIFE INC STEP UP DUE 12-15-2017 REG | FMV | 49,055 | 49,470 |
| CHEVRON CORP NEW FORMERLY CHEVRONTEXACO | FMV | 49,904 | 49,811 |
| MFC ISHARES 1-3 YEAR CREDIT BOND ETF | FMV | 31,653 | 31,638 |
| BANK NOVA SCOTIA B C 1.375% DUE | FMV | 50,229 | 50,550 |
| MFC FLEXSHARES TR IBOXX 3 YR TARGET | FMV | 35,021 | 34,888 |
| MFC ISHARES IBOXX $ HIGH YIELD | FMV | 64,745 | 65,016 |
| MFC FLEXSHARES TR MORNINGSTAR GLOBAL | FMV | 19,945 | 20,586 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| DUE FROM TRUSTEES | 11,947 | 6,401 | |
| MISC ASSET | 0 | 785 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| NORTHERN TRUST FEES | 6,654 | 0 | 0 | |
| ACCOUNTING FEES | 600 | 0 | 0 |
| Name | Address |
|---|---|
|
ESTATE OF LILLIAN M TAYLOR |
655 N A1A JUPITER,FL33414 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FOREIGN | 64 | 0 | 0 |