# EDGAR Filing Document

**Accession Number:** 0001215880
**File Stem:** 0001413042-25-000704
**Filing Date:** 2025-8
**Character Count:** 37831
**Document Hash:** 69cf1a112aa1def72fdec270fa6080d0
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001413042-25-000704.hdr.sgml**: 20250827

**ACCESSION NUMBER**: 0001413042-25-000704

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250827

**DATE AS OF CHANGE**: 20250827

**PERIOD START**: 20250930

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** NEIMAN FUNDS
- **CENTRAL INDEX KEY:** 0001215880

**ORGANIZATION NAME:**
- **EIN:** 562328324
- **FISCAL YEAR END:** 0331

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-21290
- **FILM NUMBER:** 251260110

**BUSINESS ADDRESS:**
- **STREET 1:** 305 SPINDRIFT DRIVE
- **CITY:** WILLIAMSVILLE
- **STATE:** NY
- **ZIP:** 14221
- **BUSINESS PHONE:** 8583360832

**MAIL ADDRESS:**
- **STREET 1:** 305 SPINDRIFT DRIVE
- **CITY:** WILLIAMSVILLE
- **STATE:** NY
- **ZIP:** 14221

## Series and Classes Contracts Data

### Advisors Capital International Fund (Series ID: S000088253)

| Class ID   | Class Name                          | Ticker Symbol   |
|:---|:---|:---|
| C000254451 | Advisors Capital International Fund | ACIFX           |

## Nport-Ex

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Advisors Capital International Fund** | **Advisors Capital International Fund** | **Advisors Capital International Fund** | **Advisors Capital International Fund** | **Advisors Capital International Fund** |
|  |  | **Schedule of Investments** | **Schedule of Investments** | **Schedule of Investments** |
|  |  | **June 30, 2025 (Unaudited)** | **June 30, 2025 (Unaudited)** | **June 30, 2025 (Unaudited)** |
| **Shares** |  |  | **Fair Value** | **% of Net Assets** |
| **COMMON STOCKS** | **COMMON STOCKS** |  |  |  |
| **Aerospace & Defense** | **Aerospace & Defense** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1350 | MTU Aero Engines Holding AG - ADR |  | $302171 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8600 | Saab AB - ADR |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;240198 |  |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;542369 | 2.52% |
| **Air & Gas Compressors** | **Air & Gas Compressors** | **Air & Gas Compressors** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;45600 | Atlas Copco AB - ADR |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;735528 | 3.42% |
| **Airports, Flying Fields & Airport Terminal Services** | **Airports, Flying Fields & Airport Terminal Services** | **Airports, Flying Fields & Airport Terminal Services** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4000 | Central North Airport Group - ADR |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;422000 | 1.96% |
| **Auto Manufacturers** | **Auto Manufacturers** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2800 | BYD Company Limited - ADR |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;262640 | 1.22% |
| **Banks- Regional** | **Banks- Regional** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3300 | DBS Group Holdings Ltd - ADR |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;467049 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32600 | PT Bank Central Asia Tbk - ADR |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;436514 |  |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;903563 | 4.20% |
| **Beverages** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4900 | LVMH Moet Hennessy Louis Vuitton SA - ADR | LVMH Moet Hennessy Louis Vuitton SA - ADR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;514794 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10900 | Pernod Ricard SA - ADR |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;218436 |  |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;733230 | 3.41% |
| **Commercial Banks, NEC** | **Commercial Banks, NEC** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4600 | The Toronto-Dominion Bank (Canada) |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;337870 | 1.57% |
| **Credit Services** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15300 | Krung Thai Bank PLC - ADR |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;122400 | 0.57% |
| **Diagnostics & Research** | **Diagnostics & Research** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23600 | Sonic Healthcare LTD - ADR |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;420552 | 1.96% |
| **Discount Stores** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9300 | Wal-Mart de Mexico SA - ADR |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;309783 | 1.44% |
| **Drug Manufacturers - General** | **Drug Manufacturers - General** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32100 | Santen Pharmaceutical Co. Ltd - ADR |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;373163 | 1.74% |
| **Drug Manufacturers - Specialty & Generic** | **Drug Manufacturers - Specialty & Generic** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12600 | Merck KGaA - ADR |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;326844 | 1.52% |
| **Electrical Supplies** | **Electrical Supplies** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21700 | Rexel SA - ADR |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;675738 | 3.14% |
| **Entertainment** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19500 | Universal Music Group N.V. - ADR |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;315510 | 1.47% |
| **Financial Data & Stock Exchanges** | **Financial Data & Stock Exchanges** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11700 | Deutsche Boerse AG - ADR |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;381888 | 1.78% |
| **Gambling** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3900 | Evolution AB - ADR |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;309660 | 1.44% |
| **Gold and Silver Ores** | **Gold and Silver Ores** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7200 | Agnico Eagle Mines Limited (Canada) |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;856296 | 3.98% |
| **Grocery Stores** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34800 | Seven & I Holdings Co. Ltd. - ADR |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;558540 | 2.60% |
| **Insurance Agents, Brokers & Service** | **Insurance Agents, Brokers & Service** | **Insurance Agents, Brokers & Service** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2700 | Aon plc - Class A (Ireland) |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;963252 | 4.48% |
| **Leisure** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2100 | ANTA Sports Products Limited - ADR |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;631722 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25400 | Thule Group AB - ADR |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;353568 |  |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;985290 | 4.58% |
| **Marine Shipping** | **Marine Shipping** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21200 | SITC International Holdings Company Limited - ADR | SITC International Holdings Company Limited - ADR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;664832 | 3.09% |
| **Medical Instruments & Supplies** | **Medical Instruments & Supplies** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24600 | Coloplast AS - ADR |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;233208 | 1.09% |
| **National Commercial Banks** | **National Commercial Banks** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22200 | UBS Group AG (Switzerland) |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;750804 | 3.49% |
| **Oil & Gas Field Services, NEC** | **Oil & Gas Field Services, NEC** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34500 | Core Laboratories Inc. |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;397440 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13300 | Schlumberger Limited |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;449540 |  |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;846980 | 3.94% |
| **Radio Broadcasting** | **Radio Broadcasting** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7500 | Tencent Holdings Ltd. - ADR |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;483750 | 2.25% |
| **Semiconductors & Related Devices** | **Semiconductors & Related Devices** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25200 | Disco Corporation - ADR |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;743904 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6900 | Tokyo Electron Limited - ADR |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;663297 |  |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1407201 | 6.56% |
| **Services - Business Services, NEC** | **Services - Business Services, NEC** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1800 | Accenture PLC - Class A (Ireland) |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;538002 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9700 | RELX PLC - ADR |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;527098 |  |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1065100 | 4.95% |
| **Services - Prepackaged Software** | **Services - Prepackaged Software** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11900 | Dassault Systemes SE - ADR |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;430899 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;700 | SAP SE - ADR |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;212870 |  |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;643769 | 2.99% |
| **Specialty Business Services** | **Specialty Business Services** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6500 | Intertek Group PLC - ADR |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;426270 | 1.98% |
| **Specialty Chemicals** | **Specialty Chemicals** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;37300 | Fuchs SE - ADR |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;513248 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9600 | Givaudan SA - ADR |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;929664 |  |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1442912 | 6.71% |
| **Specialty Industrial Machinery** | **Specialty Industrial Machinery** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10200 | Schneider Electric SE - ADR |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;544476 | 2.53% |
| **Total for Common Stocks (Cost - $18,080,551)** | **Total for Common Stocks (Cost - $18,080,551)** | **Total for Common Stocks (Cost - $18,080,551)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19045417 | 88.58% |
| **EXCHANGE TRADED FUNDS** | **EXCHANGE TRADED FUNDS** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18700 | Franklin Templeton FTSE India ETF |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;744821 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18700 | Vanguard Developed Markets Index Fund ETF | Vanguard Developed Markets Index Fund ETF | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1066087 |  |
| **Total for Exchange Traded Funds (Cost $1,676,735)** | **Total for Exchange Traded Funds (Cost $1,676,735)** | **Total for Exchange Traded Funds (Cost $1,676,735)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1810908 | 8.42% |
| **MONEY MARKET FUNDS** | **MONEY MARKET FUNDS** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1092963 | Goldman Sachs FS Government Fund Institutional - | Goldman Sachs FS Government Fund Institutional - |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Class 4.22% \*\*\* |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1092963 | 5.09% |
| **Total For Money Market Funds (Cost - $1,092,963)** | **Total For Money Market Funds (Cost - $1,092,963)** | **Total For Money Market Funds (Cost - $1,092,963)** |  |  |
|  | **Total Investments** |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21949288 | 102.09% |
|  | **(Cost - $20,850,249)** |  |  |  |
|  | **Liabilities in Excess of Other Assets** | **Liabilities in Excess of Other Assets** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(450416) | -2.09% |
|  | **Net Assets** |  | $21498872 | 100.00% |
| \*\*\* The Yield shown represents the 7-day yield at June 30, 2025. | \*\*\* The Yield shown represents the 7-day yield at June 30, 2025. | \*\*\* The Yield shown represents the 7-day yield at June 30, 2025. |  |  |
| ADR - American Depositary Receipt | ADR - American Depositary Receipt |  |  |  |

---

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** NEIMAN FUNDS

- **b. Investment Company Act file number:** 811-21290

- **c. CIK number of Registrant:** 0001215880

- **d. LEI of Registrant:** 549300RIX1W2VYXCFZ85

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 305 SPINDRIFT DRIVE

  - **City:** WILLIAMSVILLE

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 14221

  - **Telephone number:** 858-336-0832

**Item A.2. Information about the Series.**

- **a. Name of Series:** Advisors Capital International Fund

- **b. EDGAR series identifier (if any):** S000088253

- **c. LEI of Series:** 529900P59D4PRHRBW995

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2025-09-30

- **b. Date as of which information is reported:** 2025-06-30

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $22108189.91

**Total Liabilities:** $609317.61

**Net Assets:** $21498872.30

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000254451 | 0.20%                | 4.57%                | 2.72%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-13005.96               | $141930.38                                 |
| Month 2  | $0.00                    | $568243.82                                 |
| Month 3  | $30810.14                | $536249.72                                 |

### Schedule of Portfolio Investments

| Name                                                                 | Title                                                               | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| ANTA Sports Products Ltd                                             | ANTA Sports Products Ltd ADR                                        | CUSIP: 03662P107<br>LEI: 529900291XG0CTK4LF95 | Long             | EC               | CORP              | KY        |      2100 | NS      | $631722.00    | 2.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Accenture PLC                                                        | Accenture PLC - Class A (Ireland)                                   | CUSIP: G1151C101<br>LEI: 549300JY6CF6DO4YFQ03 | Long             | EC               | CORP              | IE        |      1800 | NS      | $538002.00    | 2.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Agnico Eagle Mines Limited                                           | Agnico Eagle Mines Limited (Canada)                                 | CUSIP: 008474108<br>LEI: 254900BFJ2DOHPMEXN45 | Long             | EC               | CORP              | CA        |      7200 | NS      | $856296.00    | 3.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Aon PLC                                                              | Aon PLC - Class A (Ireland)                                         | CUSIP: G0403H108<br>LEI: 635400FALWQYX5E6QC64 | Long             | EC               | CORP              | IE        |      2700 | NS      | $963252.00    | 4.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Atlas Copco. AB                                                      | Atlas Copco AB SP ADR                                               | CUSIP: 049255706<br>LEI: 213800T8PC8Q4FYJZR07 | Long             | EC               | CORP              | SE        |     45600 | NS      | $735528.00    | 3.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Byd Co. Ltd.                                                         | BYD Company Limited ADR                                             | CUSIP: 05606L100<br>LEI: 5299005557VL7ULJ7A69 | Long             | EC               | CORP              | CN        |      2800 | NS      | $262640.00    | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Coloplast AS                                                         | Coloplast AS ADR                                                    | CUSIP: 19624Y200<br>LEI: 529900NN7SOJ5QG82X67 | Long             | EC               | CORP              | DK        |     24600 | NS      | $233208.00    | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Core Laboratories, Inc.                                              | Core Laboratories Inc.                                              | CUSIP: 21867A105<br>LEI: 5493000TQ2IRITILB804 | Long             | EC               | CORP              | US        |     34500 | NS      | $397440.00    | 1.85%             |  |  |  | No            |                  1 | On Loan: No      |
| DBS Group Holdings Ltd.                                              | DBS Group Holdings Limited ADR                                      | CUSIP: 23304Y100<br>LEI: 5493007FKT78NKPM5V55 | Long             | EC               | CORP              | SG        |      3300 | NS      | $467049.00    | 2.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Dassault Systemes SE                                                 | Dassault Systemes SE ADR                                            | CUSIP: 237545108<br>LEI: N/A                  | Long             | EC               | CORP              | FR        |     11900 | NS      | $430899.00    | 2.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Deutsche Boerse AG                                                   | Deutsche Borse AG ADR                                               | CUSIP: 251542106<br>LEI: N/A                  | Long             | EC               | CORP              | DE        |     11700 | NS      | $381888.00    | 1.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Disco Corporation                                                    | Disco Corporation ADR                                               | CUSIP: 25461D100<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     25200 | NS      | $743904.00    | 3.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Evolution AB                                                         | Evolution AB ADR                                                    | CUSIP: 30051E104<br>LEI: 549300SUH6ZR1RF6TA88 | Long             | EC               | CORP              | SE        |      3900 | NS      | $309660.00    | 1.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Franklin Templeton ETF Trust - Franklin FTSE India ETF               | Franklin FTSE India ETF                                             | CUSIP: 35473P769<br>LEI: 549300NU5VJOW0B4VV12 | Long             | EC               | RF                | US        |     18700 | NS      | $744821.00    | 3.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Fuchs SE                                                             | Fuchs SE ADR                                                        | CUSIP: 35952Q106<br>LEI: 529900SNF9E1P5ZO4P98 | Long             | EC               | CORP              | DE        |     37300 | NS      | $513248.00    | 2.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Givaudan SA                                                          | Givaudan SA ADR                                                     | CUSIP: 37636P108<br>LEI: 213800SVRMQA1TD91D41 | Long             | EC               | CORP              | CH        |      9600 | NS      | $929664.00    | 4.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs Trust - Goldman Sachs Financial Square Government Fund | Goldman Sachs Financial Square Government Fund Institutional Shares | CUSIP: 38141W273<br>LEI: 549300BRJMXN4GUWZ402 | Long             | STIV             | RF                | US        |   1092963 | NS      | $1092963.13   | 5.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Grupo Aeroportuario Del Centro S A B DE C V                          | Centro North Airport Group ADR                                      | CUSIP: 400501102<br>LEI: 529900HUSBARAFSXJ605 | Long             | EC               | CORP              | MX        |      4000 | NS      | $422000.00    | 1.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Intertek Group PLC                                                   | Intertek Group PLC ADR                                              | CUSIP: 461130106<br>LEI: 2138003GAT25WW1RN369 | Long             | EC               | CORP              | GB        |      6500 | NS      | $426270.00    | 1.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Krung Thai Bank PLC                                                  | Krung Thai Bank PLC ADR                                             | CUSIP: 50110L105<br>LEI: N/A                  | Long             | EC               | CORP              | TH        |     15300 | NS      | $122400.00    | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| LVMH Moet Hennessy Louis Vuitton SA                                  | LVMH Moet Hennessy Louis Vuitton ADR                                | CUSIP: 502441306<br>LEI: 9695001KGT7R5V1RYV77 | Long             | EC               | CORP              | FR        |      4900 | NS      | $514794.00    | 2.39%             |  |  |  | No            |                  1 | On Loan: No      |
| MTU Aero Engines Holding AG                                          | MTU Aero Engines Holding AG ADR                                     | CUSIP: 62473G102<br>LEI: 529900807L67JY81RD65 | Long             | EC               | CORP              | DE        |      1350 | NS      | $302170.50    | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Merck KGaA                                                           | Merck KGaA ADR                                                      | CUSIP: 589339209<br>LEI: 529900OAREIS0MOPTW25 | Long             | EC               | CORP              | DE        |     12600 | NS      | $326844.00    | 1.52%             |  |  |  | No            |                  1 | On Loan: No      |
| PT Bank Central Asia Tbk.                                            | PT Bank Central Asia Tbk ADR                                        | CUSIP: 69368G105<br>LEI: 254900BR956G2OHVOM21 | Long             | EC               | CORP              | ID        |     32600 | NS      | $436514.00    | 2.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Pernod Ricard                                                        | Pernod Ricard ADR                                                   | CUSIP: 714264306<br>LEI: 52990097YFPX9J0H5D87 | Long             | EC               | CORP              | FR        |     10900 | NS      | $218436.00    | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| RELX PLC                                                             | RELX PLC ADR                                                        | CUSIP: 759530108<br>LEI: 549300WSX3VBUFFJOO66 | Long             | EC               | CORP              | GB        |      9700 | NS      | $527098.00    | 2.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Rexel RE SA                                                          | Rexel SA ADR                                                        | CUSIP: 761681105<br>LEI: 2221006MROZJB0QZF209 | Long             | EC               | CORP              | FR        |     21700 | NS      | $675738.00    | 3.14%             |  |  |  | No            |                  1 | On Loan: No      |
| SAP SE                                                               | SAP SE ADR                                                          | CUSIP: 803054204<br>LEI: 529900D6BF99LW9R2E68 | Long             | EC               | CORP              | DE        |       700 | NS      | $212870.00    | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Saab AB                                                              | Saab AB ADR                                                         | CUSIP: 78516J101<br>LEI: N/A                  | Long             | EC               | CORP              | SE        |      8600 | NS      | $240198.00    | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Santen Pharmaceutical Co. Ltd                                        | Santen Pharmaceutical Co Limited ADR                                | CUSIP: 80287P100<br>LEI: 529900TPT3I7C17MIM03 | Long             | EC               | CORP              | JP        |     32100 | NS      | $373162.50    | 1.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Schlumberger Ltd N.V.                                                | Schlumberger Limited                                                | CUSIP: 806857108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     13300 | NS      | $449540.00    | 2.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Schneider Electric SE                                                | Schneider Electric SE ADR                                           | CUSIP: 80687P106<br>LEI: 969500A1YF1XUYYXS284 | Long             | EC               | CORP              | FR        |     10200 | NS      | $544476.00    | 2.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Seven & I Holdings Co. Ltd.                                          | Seven & I Holdings Co. Limited ADR                                  | CUSIP: 81783H105<br>LEI: 52990037G8JRM3TWGY86 | Long             | EC               | CORP              | JP        |     34800 | NS      | $558540.00    | 2.60%             |  |  |  | No            |                  1 | On Loan: No      |
| SITC International Holdings Co. Ltd.                                 | SITC International Holdings Co. Limited ADR                         | CUSIP: 78429L102<br>LEI: 529900JUV4MOM9CE3V12 | Long             | EC               | CORP              | CH        |     21200 | NS      | $664832.00    | 3.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Sonic Healthcare Ltd.                                                | Sonic Healthcare Limited ADR                                        | CUSIP: 83546A203<br>LEI: 549300NQQ5L2NONWR862 | Long             | EC               | CORP              | AU        |     23600 | NS      | $420552.00    | 1.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Tencent Holdings Ltd.                                                | Tencent Holdings Limited ADR                                        | CUSIP: 88032Q109<br>LEI: 254900N4SLUMW4XUYY11 | Long             | EC               | CORP              | KY        |      7500 | NS      | $483750.00    | 2.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Thule Group AB                                                       | Thule Group AB ADR                                                  | CUSIP: 88604M106<br>LEI: 549300XHHOGBOERKU333 | Long             | EC               | CORP              | SE        |     25400 | NS      | $353568.00    | 1.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Toronto-Dominion Bank                                                | Toronto-Dominion Bank (Canada)                                      | CUSIP: 891160509<br>LEI: PT3QB789TSUIDF371261 | Long             | EC               | CORP              | CA        |      4600 | NS      | $337870.00    | 1.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Tokyo Electron Limited                                               | Tokyo Electron Limited ADR                                          | CUSIP: 889110102<br>LEI: 549300H5LSF8DP3RIJ34 | Long             | EC               | CORP              | JP        |      6900 | NS      | $663297.00    | 3.09%             |  |  |  | No            |                  1 | On Loan: No      |
| UBS Group AG                                                         | UBS Group AG (Switzerland)                                          | CUSIP: H42097107<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | EC               | CORP              | CH        |     22200 | NS      | $750804.00    | 3.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Universal Music Group N.V.                                           | Universal Music Group N.V. ADR                                      | CUSIP: 91377B109<br>LEI: 724500GJBUL3D9TW9Y18 | Long             | EC               | CORP              | NL        |     19500 | NS      | $315510.00    | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard Developed Markets Index Fund ETF                            | Vanguard Developed Markets Index Fund                               | CUSIP: 921943858<br>LEI: 3TVJ6OS71EDS4RAB2217 | Long             | EC               | RF                | US        |     18700 | NS      | $1066087.00   | 4.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Wal Mart De Mexico SA                                                | Wal-Mart De Mexico SA ADR                                           | CUSIP: 93114W107<br>LEI: N/A                  | Long             | EC               | CORP              | MX        |      9300 | NS      | $309783.00    | 1.44%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-08-26

**Name of Applicant:** Neiman Funds

**Signature:** /s/ Daniel Neiman

**Name of Signer:** Daniel Neiman

**Title:** President