# EDGAR Filing Document

**Accession Number:** 0001123460
**File Stem:** 0000910472-25-001973
**Filing Date:** 2025-10
**Character Count:** 30118
**Document Hash:** 827a47ce8f1bad963f37d3fcd1c2d133
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-25-001973.hdr.sgml**: 20251003

**ACCESSION NUMBER**: 0000910472-25-001973

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250831

**FILED AS OF DATE**: 20251003

**DATE AS OF CHANGE**: 20251003

**PERIOD START**: 20251130

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** NORTH COUNTRY FUNDS
- **CENTRAL INDEX KEY:** 0001123460

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-10123
- **FILM NUMBER:** 251372236

**BUSINESS ADDRESS:**
- **STREET 1:** GEMINI FUND SERVICES, LLC.
- **STREET 2:** 450 WIRELESS BOULEVARD
- **CITY:** HAUPPAUGE
- **STATE:** NY
- **ZIP:** 11788
- **BUSINESS PHONE:** 631-470-2600

**MAIL ADDRESS:**
- **STREET 1:** GEMINI FUND SERVICES, LLC.
- **STREET 2:** 450 WIRELESS BOULEVARD
- **CITY:** HAUPPAUGE
- **STATE:** NY
- **ZIP:** 11788

## Series and Classes Contracts Data

### The North Country Large Cap Equity Fund (Series ID: S000011072)

| Class ID   | Class Name                              | Ticker Symbol   |
|:---|:---|:---|
| C000030518 | The North Country Large Cap Equity Fund | NCEGX           |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **NORTH COUNTRY LARGE CAP EQUITY FUND** | **NORTH COUNTRY LARGE CAP EQUITY FUND** | **NORTH COUNTRY LARGE CAP EQUITY FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited)** | **SCHEDULE OF INVESTMENTS (Unaudited)** | **SCHEDULE OF INVESTMENTS (Unaudited)** |
| **August 31, 2025** | **August 31, 2025** | **August 31, 2025** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 99.5%** | |
|  | **ASSET MANAGEMENT - 4.5%** | |
| 2200 | Blackrock, Inc. | &nbsp;&nbsp;&nbsp; $2479708 |
| 23500 | KKR & Company, Inc. | &nbsp;&nbsp;&nbsp; 3278015 |
|  |  | &nbsp;&nbsp; 5757723 |
|  | **AUTOMOTIVE - 1.1%** |  |
| 4200 | Tesla, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1402254 |
|  | **BANKING - 5.2%** |  |
| 55500 | Bank of America Corporation | &nbsp;&nbsp;&nbsp; 2816070 |
| 12500 | JPMorgan Chase & Company | &nbsp;&nbsp;&nbsp; 3767750 |
|  |  | &nbsp;&nbsp; 6583820 |
|  | **BEVERAGES - 0.8%** |  |
| 7000 | PepsiCo, Inc. | &nbsp;&nbsp;&nbsp; 1040550 |
|  | **BIOTECH & PHARMA - 2.9%** |  |
| 4700 | Amgen, Inc. | &nbsp;&nbsp;&nbsp; 1352237 |
| 850 | Eli Lilly & Company | &nbsp;&nbsp;&nbsp; 622693 |
| 9500 | Johnson & Johnson | &nbsp;&nbsp;&nbsp; 1683115 |
|  |  | &nbsp;&nbsp; 3658045 |
|  | **CHEMICALS - 1.6%** |  |
| 2700 | Air Products and Chemicals, Inc. | &nbsp;&nbsp;&nbsp; 794097 |
| 1500 | Ecolab, Inc. | &nbsp;&nbsp;&nbsp; 415560 |
| 2150 | Sherwin-Williams Company | &nbsp;&nbsp;&nbsp; 786535 |
|  |  | &nbsp;&nbsp; 1996192 |
|  | **COMMERCIAL SUPPORT SERVICES - 1.4%** |  |
| 8000 | Waste Management, Inc. | &nbsp;&nbsp;&nbsp; 1811120 |
|  | **CONSTRUCTION MATERIALS - 0.3%** |  |
| 1100 | Vulcan Materials Company | &nbsp;&nbsp;&nbsp; 320276 |
|  | **DATA CENTER REIT - 1.6%** |  |
| 12300 | Digital Realty Trust, Inc. | &nbsp;&nbsp;&nbsp; 2061972 |

---

---

| | | |
|:---|:---|:---|
| **NORTH COUNTRY LARGE CAP EQUITY FUND** | **NORTH COUNTRY LARGE CAP EQUITY FUND** | **NORTH COUNTRY LARGE CAP EQUITY FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **August 31, 2025** | **August 31, 2025** | **August 31, 2025** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 99.5% (Continued)** | |
|  | **DIVERSIFIED INDUSTRIALS - 1.5%** | |
| 9000 | Honeywell International, Inc. | &nbsp;&nbsp;&nbsp; $1975500 |
|  | **E-COMMERCE DISCRETIONARY - 4.5%** |  |
| 25300 | Amazon.com, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 5793700 |
|  | **ELECTRIC UTILITIES - 1.0%** |  |
| 5500 | NextEra Energy, Inc. | &nbsp;&nbsp;&nbsp; 396275 |
| 9150 | Southern Company | &nbsp;&nbsp;&nbsp; 844545 |
|  |  | &nbsp;&nbsp; 1240820 |
|  | **ELECTRICAL EQUIPMENT - 2.2%** |  |
| 26000 | Amphenol Corporation, Class A | &nbsp;&nbsp;&nbsp; 2830360 |
|  | **HEALTH CARE FACILITIES & SERVICES - 0.8%** |  |
| 3200 | UnitedHealth Group, Inc. | &nbsp;&nbsp;&nbsp; 991584 |
|  | **HOME CONSTRUCTION - 1.6%** |  |
| 27500 | Masco Corporation | &nbsp;&nbsp;&nbsp; 2018225 |
|  | **HOUSEHOLD PRODUCTS - 1.5%** |  |
| 12125 | Procter & Gamble Company | &nbsp;&nbsp;&nbsp; 1904110 |
|  | **INSTITUTIONAL FINANCIAL SERVICES - 4.4%** |  |
| 2600 | Goldman Sachs Group, Inc. | &nbsp;&nbsp;&nbsp; 1937650 |
| 11350 | Intercontinental Exchange, Inc. | &nbsp;&nbsp;&nbsp; 2004410 |
| 11300 | Morgan Stanley | &nbsp;&nbsp;&nbsp; 1700424 |
|  |  | &nbsp;&nbsp; 5642484 |
|  | **INSURANCE - 2.0%** |  |
| 5100 | Berkshire Hathaway, Inc., Class B<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 2565198 |
|  | **INTERNET MEDIA & SERVICES - 9.4%** |  |
| 27800 | Alphabet, Inc., Class A | &nbsp;&nbsp;&nbsp; 5918898 |
| 5500 | Meta Platforms, Inc., Class A | &nbsp;&nbsp;&nbsp; 4062850 |
| 1700 | Netflix, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 2054025 |
|  |  | &nbsp;&nbsp; 12035773 |

---

---

| | | |
|:---|:---|:---|
| **NORTH COUNTRY LARGE CAP EQUITY FUND** | **NORTH COUNTRY LARGE CAP EQUITY FUND** | **NORTH COUNTRY LARGE CAP EQUITY FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **August 31, 2025** | **August 31, 2025** | **August 31, 2025** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 99.5% (Continued)** | |
|  | **LEISURE FACILITIES & SERVICES - 0.6%** | |
| 2600 | McDonald's Corporation | &nbsp;&nbsp;&nbsp; $815204 |
|  | **MACHINERY - 3.0%** |  |
| 6300 | Caterpillar, Inc. | &nbsp;&nbsp;&nbsp; 2639952 |
| 14300 | Ingersoll Rand, Inc. | &nbsp;&nbsp;&nbsp; 1135849 |
|  |  | &nbsp;&nbsp; 3775801 |
|  | **MEDICAL EQUIPMENT & DEVICES - 4.5%** |  |
| 13000 | Abbott Laboratories | &nbsp;&nbsp;&nbsp; 1724580 |
| 3800 | Danaher Corporation | &nbsp;&nbsp;&nbsp; 782116 |
| 4300 | Stryker Corporation | &nbsp;&nbsp;&nbsp; 1683063 |
| 3100 | Thermo Fisher Scientific, Inc. | &nbsp;&nbsp;&nbsp; 1527432 |
|  |  | &nbsp;&nbsp; 5717191 |
|  | **OIL & GAS PRODUCERS - 3.1%** |  |
| 6600 | Chevron Corporation | &nbsp;&nbsp;&nbsp; 1059960 |
| 8200 | Exxon Mobil Corporation | &nbsp;&nbsp;&nbsp; 937178 |
| 34400 | Williams Companies, Inc. | &nbsp;&nbsp;&nbsp; 1991072 |
|  |  | &nbsp;&nbsp; 3988210 |
|  | **RETAIL - CONSUMER STAPLES - 3.2%** |  |
| 1400 | Costco Wholesale Corporation | &nbsp;&nbsp;&nbsp; 1320648 |
| 28200 | Walmart, Inc. | &nbsp;&nbsp;&nbsp; 2734836 |
|  |  | &nbsp;&nbsp; 4055484 |
|  | **RETAIL - DISCRETIONARY - 3.6%** |  |
| 7800 | Home Depot, Inc. | &nbsp;&nbsp;&nbsp; 3172806 |
| 10600 | TJX Companies, Inc. | &nbsp;&nbsp;&nbsp; 1448066 |
|  |  | &nbsp;&nbsp; 4620872 |
|  | **SEMICONDUCTORS - 9.0%** |  |
| 66000 | NVIDIA Corporation | &nbsp;&nbsp;&nbsp; 11495880 |
|  | **SOFTWARE - 14.1%** |  |
| 4400 | Adobe, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1569480 |
| 20350 | Microsoft Corporation | &nbsp;&nbsp;&nbsp; 10311141 |
| 11000 | Oracle Corporation | &nbsp;&nbsp;&nbsp; 2487430 |
| 3200 | Palo Alto Networks, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 609664 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **NORTH COUNTRY LARGE CAP EQUITY FUND** | **NORTH COUNTRY LARGE CAP EQUITY FUND** | **NORTH COUNTRY LARGE CAP EQUITY FUND** | **NORTH COUNTRY LARGE CAP EQUITY FUND** | **NORTH COUNTRY LARGE CAP EQUITY FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **August 31, 2025** | **August 31, 2025** | **August 31, 2025** | **August 31, 2025** | **August 31, 2025** |
| **Shares** |  | | | **Fair Value** |
|  | **COMMON STOCKS — 99.5% (Continued)** | | | |
|  | **SOFTWARE - 14.1% (Continued)** | | | |
| 11900 | Salesforce, Inc. |  |  | &nbsp;&nbsp;&nbsp; $3049375 |
|  |  |  |  | &nbsp;&nbsp; 18027090 |
|  | **SPECIALTY FINANCE - 1.2%** |  |  |  |
| 6800 | Capital One Financial Corporation |  |  | &nbsp;&nbsp;&nbsp; 1545096 |
|  | **TECHNOLOGY HARDWARE - 7.3%** |  |  |  |
| 40200 | Apple, Inc. |  |  | &nbsp;&nbsp;&nbsp; 9332028 |
|  | **TECHNOLOGY SERVICES - 1.6%** |  |  |  |
| 5700 | Visa, Inc., Class A |  |  | &nbsp;&nbsp;&nbsp; 2005146 |
|  | **TOTAL COMMON STOCKS (Cost $30,627,850)** |  |  | &nbsp;&nbsp;&nbsp; 127007708 |
|  | **SHORT-TERM INVESTMENTS — 0.3%** |  |  |  |
|  | **MONEY MARKET FUND - 0.3%** |  |  |  |
| 323018 | BlackRock Liquidity Funds Treasury Trust Fund, Institutional Class, 4.15%<br> (Cost $323,018)<sup>(b)</sup> | BlackRock Liquidity Funds Treasury Trust Fund, Institutional Class, 4.15%<br> (Cost $323,018)<sup>(b)</sup> | BlackRock Liquidity Funds Treasury Trust Fund, Institutional Class, 4.15%<br> (Cost $323,018)<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 323018 |
|  | **TOTAL INVESTMENTS - 99.8% (Cost $30,950,868)** | **TOTAL INVESTMENTS - 99.8% (Cost $30,950,868)** | **TOTAL INVESTMENTS - 99.8% (Cost $30,950,868)** | &nbsp;&nbsp; $127330726 |
|  | **OTHER ASSETS IN EXCESS OF LIABILITIES- 0.2%** | **OTHER ASSETS IN EXCESS OF LIABILITIES- 0.2%** | **OTHER ASSETS IN EXCESS OF LIABILITIES- 0.2%** | &nbsp;&nbsp; 312159 |
|  | **NET ASSETS - 100.0%** |  |  | &nbsp;&nbsp; $127642885 |
| **OPEN FUTURES CONTRACTS** | **OPEN FUTURES CONTRACTS** |  |  |  |
| **Number of Contracts** | **Open Long Futures Contracts** | **Expiration** | **Notional Amount** | **Unrealized Appreciation** |
| 30 | CBOT 10 Year US Treasury Note | 12/22/2025 | &nbsp;&nbsp;&nbsp; $3375000 | &nbsp;&nbsp;&nbsp; $7968 |
| 6 | CME E-Mini NASDAQ 100 Index Futures | 09/22/2025 | &nbsp;&nbsp;&nbsp; 2815410 | &nbsp;&nbsp;&nbsp; 17120 |
| 2 | CME E-Mini Standard & Poor's 500 Index Futures | 09/22/2025 | &nbsp;&nbsp;&nbsp; 647275 | &nbsp;&nbsp;&nbsp; 38365 |
|  | **TOTAL FUTURES CONTRACTS** |  |  | &nbsp;&nbsp;&nbsp; $63453 |

---

REIT - Real Estate Investment Trust <br>

<sup>(a)</sup> Non-income producing security. <br> <sup>(b)</sup> Rate disclosed is the seven-day effective yield as of August 31, 2025.

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** North Country Funds

- **b. Investment Company Act file number:** 811-10123

- **c. CIK number of Registrant:** 0001123460

- **d. LEI of Registrant:** 549300TC2FNUIB870520

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

  - **Street Address 1:** 1445 RESEARCH BOULEVARD

  - **City:** ROCKVILLE

  - **State:** MD

  - **Foreign country:** US

  - **Zip / Postal Code:** 20850

  - **Telephone number:** 240-223-1998

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

- **a. Name of Series:** North Country Large Cap Equity Fund

- **b. EDGAR series identifier (if any):** S000011072

- **c. LEI of Series:** 549300WVJUIGLLMN1A93

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

- **a. Date of fiscal year-end:** 2025-11-30

- **b. Date as of which information is reported:** 2025-08-31

**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:** $127773945.94

**Total Liabilities:** $131061.10

**Net Assets:** $127642884.84

**Cash Not Reported:** $254395.50

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000030518 | 5.17%                | 2.80%                | 1.30%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-9682.20                | $6046848.55                                |
| Month 2  | $-58233.62               | $3606390.65                                |
| Month 3  | $277608.93               | $1271863.75                                |

**Designated Index Information**

- **Index Name:** N/A

- **Index Identifier:** N/A

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| CHICAGO MERCANTILE EXCHANGE    | S&P500 EMINI FUT  SEP25 | CUSIP: N/A<br>LEI: LCZ7XYGSLJUHFXXNXD88       | Long             | DE               | CORP              | US        |         2 | NC      | $38365.00     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Berkshire Hathaway Inc.        | BERKSHIRE HATH-B        | CUSIP: 084670702<br>LEI: 5493000C01ZX7D35SD85 | Long             | EC               | CORP              | US        |      5100 | NS      | $2565198.00   | 2.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Home Depot Inc.                | HOME DEPOT INC          | CUSIP: 437076102<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | EC               | CORP              | US        |      7800 | NS      | $3172806.00   | 2.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Caterpillar Inc                | CATERPILLAR INC         | CUSIP: 149123101<br>LEI: WRJR7GS4GTRECRRTVX92 | Long             | EC               | CORP              | US        |      6300 | NS      | $2639952.00   | 2.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Air Products & Chemicals, Inc. | AIR PRODS & CHEM        | CUSIP: 009158106<br>LEI: 7QEON6Y1RL5XR3R1W237 | Long             | EC               | CORP              | US        |      2700 | NS      | $794097.00    | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| BlackRock Liquidity Funds      | BLKR-LIQ TRS-INS        | CUSIP: 09248U551<br>LEI: 5493007YVNX55LTRQ706 | Long             | STIV             | RF                | US        |    323018 | PA      | $323018.01    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple Inc.                     | APPLE INC               | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |     40200 | NS      | $9332028.00   | 7.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade         | US 10YR NOTE (CBT)Dec25 | CUSIP: N/A<br>LEI: 549300EX04Q2QBFQTQ27       | Long             | DIR              | CORP              | US        |        30 | NC      | $7968.00      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                 | MORGAN STANLEY          | CUSIP: 617446448<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EC               | CORP              | US        |     11300 | NS      | $1700424.00   | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Southern Co.                   | SOUTHERN CO             | CUSIP: 842587107<br>LEI: 549300FC3G3YU2FBZD92 | Long             | EC               | CORP              | US        |      9150 | NS      | $844545.00    | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Intercontinental Exchange Inc  | INTERCONTINENTAL        | CUSIP: 45866F104<br>LEI: 5493000F4ZO33MV32P92 | Long             | EC               | CORP              | US        |     11350 | NS      | $2004410.00   | 1.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Ecolab Inc.                    | ECOLAB INC              | CUSIP: 278865100<br>LEI: 82DYEISM090VG8LTLS26 | Long             | EC               | CORP              | US        |      1500 | NS      | $415560.00    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Danaher Corporation            | DANAHER CORP            | CUSIP: 235851102<br>LEI: S4BKK9OTCEWQ3YHPFM11 | Long             | EC               | CORP              | US        |      3800 | NS      | $782116.00    | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| McDonald's Corp.               | MCDONALDS CORP          | CUSIP: 580135101<br>LEI: UE2136O97NLB5BYP9H04 | Long             | EC               | CORP              | US        |      2600 | NS      | $815204.00    | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| UnitedHealth Group Inc.        | UNITEDHEALTH GRP        | CUSIP: 91324P102<br>LEI: 549300GHBMY8T5GXDE41 | Long             | EC               | CORP              | US        |      3200 | NS      | $991584.00    | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Oracle Corp.                   | ORACLE CORP             | CUSIP: 68389X105<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | EC               | CORP              | US        |     11000 | NS      | $2487430.00   | 1.95%             |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA Corp.                   | NVIDIA CORP             | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |     66000 | NS      | $11495880.00  | 9.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Williams Companies Inc. (The)  | WILLIAMS COS INC        | CUSIP: 969457100<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | EC               | CORP              | US        |     34400 | NS      | $1991072.00   | 1.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Adobe Inc                      | ADOBE INC               | CUSIP: 00724F101<br>LEI: FU4LY2G4933NH2E1CP29 | Long             | EC               | CORP              | US        |      4400 | NS      | $1569480.00   | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Honeywell International Inc.   | HONEYWELL INTL          | CUSIP: 438516106<br>LEI: ISRPG12PN4EIEOEMW547 | Long             | EC               | CORP              | US        |      9000 | NS      | $1975500.00   | 1.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Tesla Inc                      | TESLA INC               | CUSIP: 88160R101<br>LEI: 54930043XZGB27CTOV49 | Long             | EC               | CORP              | US        |      4200 | NS      | $1402254.00   | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| KKR & Co Inc.                  | KKR & CO INC            | CUSIP: 48251W104<br>LEI: 54930013V5I303TF9571 | Long             | EC               | CORP              | US        |     23500 | NS      | $3278015.00   | 2.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Waste Management, Inc.         | WASTE MANAGEMENT        | CUSIP: 94106L109<br>LEI: 549300YX8JIID70NFS41 | Long             | EC               | CORP              | US        |      8000 | NS      | $1811120.00   | 1.42%             |  |  |  | No            |                  1 | On Loan: No      |
| The Procter & Gamble Co.       | PROCTER & GAMBLE        | CUSIP: 742718109<br>LEI: 2572IBTT8CCZW6AU4141 | Long             | EC               | CORP              | US        |     12125 | NS      | $1904110.00   | 1.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Costco Wholesale Corporation   | COSTCO WHOLESALE        | CUSIP: 22160K105<br>LEI: 29DX7H14B9S6O3FD6V18 | Long             | EC               | CORP              | US        |      1400 | NS      | $1320648.00   | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| CHICAGO MERCANTILE EXCHANGE    | NASDAQ 100 E-MINI Sep25 | CUSIP: N/A<br>LEI: LCZ7XYGSLJUHFXXNXD88       | Long             | DE               | CORP              | US        |         6 | NC      | $17120.00     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Walmart Inc                    | WALMART INC             | CUSIP: 931142103<br>LEI: Y87794H0US1R65VBXU25 | Long             | EC               | CORP              | US        |     28200 | NS      | $2734836.00   | 2.14%             |  |  |  | No            |                  1 | On Loan: No      |
| The Sherwin-Williams Company   | SHERWIN-WILLIAMS        | CUSIP: 824348106<br>LEI: Z15BMIOX8DDH0X2OBP21 | Long             | EC               | CORP              | US        |      2150 | NS      | $786534.50    | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| The TJX Companies Inc.         | TJX COS INC             | CUSIP: 872540109<br>LEI: V167QI9I69W364E2DY52 | Long             | EC               | CORP              | US        |     10600 | NS      | $1448066.00   | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Salesforce Inc.                | SALESFORCE INC          | CUSIP: 79466L302<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | EC               | CORP              | US        |     11900 | NS      | $3049375.00   | 2.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Visa Inc                       | VISA INC-CLASS A        | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |      5700 | NS      | $2005146.00   | 1.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Ingersoll Rand Inc             | INGERSOLL-RAND I        | CUSIP: 45687V106<br>LEI: 5299004C02FMZCUOIR50 | Long             | EC               | CORP              | US        |     14300 | NS      | $1135849.00   | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Palo Alto Networks Inc         | PALO ALTO NETWOR        | CUSIP: 697435105<br>LEI: 549300QXR2YVZV231H43 | Long             | EC               | CORP              | US        |      3200 | NS      | $609664.00    | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc.                  | ALPHABET INC-A          | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |     27800 | NS      | $5918898.00   | 4.64%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase & Co.           | JPMORGAN CHASE          | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |     12500 | NS      | $3767750.00   | 2.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of America Corp.          | BANK OF AMERICA         | CUSIP: 060505104<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EC               | CORP              | US        |     55500 | NS      | $2816070.00   | 2.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Eli Lilly & Co.                | ELI LILLY & CO          | CUSIP: 532457108<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | EC               | CORP              | US        |       850 | NS      | $622693.00    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Digital Realty Trust Inc.      | DIGITAL REALTY          | CUSIP: 253868103<br>LEI: 549300HKCZ31D08NEI41 | Long             | EC               | CORP              | US        |     12300 | NS      | $2061972.00   | 1.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Vulcan Materials Company       | VULCAN MATERIALS        | CUSIP: 929160109<br>LEI: 549300Q8LSNHAVWBNI21 | Long             | EC               | CORP              | US        |      1100 | NS      | $320276.00    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| NextEra Energy Inc             | NEXTERA ENERGY          | CUSIP: 65339F101<br>LEI: 254900RHL9MEUS5NKX63 | Long             | EC               | CORP              | US        |      5500 | NS      | $396275.00    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Amazon.com, Inc.               | AMAZON.COM INC          | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |     25300 | NS      | $5793700.00   | 4.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Thermo Fisher Scientific Inc   | THERMO FISHER           | CUSIP: 883556102<br>LEI: HCHV7422L5HDJZCRFL38 | Long             | EC               | CORP              | US        |      3100 | NS      | $1527432.00   | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Meta Platforms Inc             | META PLATFORMS-A        | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |      5500 | NS      | $4062850.00   | 3.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Stryker Corporation            | STRYKER CORP            | CUSIP: 863667101<br>LEI: 5493002F0SC4JTBU5137 | Long             | EC               | CORP              | US        |      4300 | NS      | $1683063.00   | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Amphenol Corporation           | AMPHENOL CORP-A         | CUSIP: 032095101<br>LEI: 549300D3L3G0R4U4VT04 | Long             | EC               | CORP              | US        |     26000 | NS      | $2830360.00   | 2.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Exxon Mobil Corp.              | EXXON MOBIL CORP        | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |      8200 | NS      | $937178.00    | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Pepsico Inc                    | PEPSICO INC             | CUSIP: 713448108<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | EC               | CORP              | US        |      7000 | NS      | $1040550.00   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Capital One Financial Corp.    | CAPITAL ONE FINA        | CUSIP: 14040H105<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | EC               | CORP              | US        |      6800 | NS      | $1545096.00   | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Amgen Inc.                     | AMGEN INC               | CUSIP: 031162100<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | EC               | CORP              | US        |      4700 | NS      | $1352237.00   | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Blackrock Inc.                 | BLACKROCK INC           | CUSIP: 09290D101<br>LEI: 529900VBK42Y5HHRMD23 | Long             | EC               | CORP              | US        |      2200 | NS      | $2479708.00   | 1.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corp.                | MICROSOFT CORP          | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |     20350 | NS      | $10311141.50  | 8.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs Group, Inc.      | GOLDMAN SACHS GP        | CUSIP: 38141G104<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | EC               | CORP              | US        |      2600 | NS      | $1937650.00   | 1.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Johnson & Johnson              | JOHNSON&JOHNSON         | CUSIP: 478160104<br>LEI: 549300G0CFPGEF6X2043 | Long             | EC               | CORP              | US        |      9500 | NS      | $1683115.00   | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Abbott Laboratories            | ABBOTT LABS             | CUSIP: 002824100<br>LEI: HQD377W2YR662HK5JX27 | Long             | EC               | CORP              | US        |     13000 | NS      | $1724580.00   | 1.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Masco Corporation              | MASCO CORP              | CUSIP: 574599106<br>LEI: 5GCSNMQXHEYA1JO8QN11 | Long             | EC               | CORP              | US        |     27500 | NS      | $2018225.00   | 1.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Chevron Corp.                  | CHEVRON CORP            | CUSIP: 166764100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      6600 | NS      | $1059960.00   | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Netflix, Inc.                  | NETFLIX INC             | CUSIP: 64110L106<br>LEI: 549300Y7VHGU0I7CE873 | Long             | EC               | CORP              | US        |      1700 | NS      | $2054025.00   | 1.61%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-09-26

**Name of Applicant:** North Country Funds

**Signature:** Christine Casares

**Name of Signer:** Christine Casares

**Title:** Treasurer