# EDGAR Filing Document

**Accession Number:** 0000092500
**File Stem:** 0001145549-25-041919
**Filing Date:** 2025-6
**Character Count:** 45069
**Document Hash:** b80c95a37a5ff1a95c62af950f60d860
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-25-041919.hdr.sgml**: 20250626

**ACCESSION NUMBER**: 0001145549-25-041919

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250430

**FILED AS OF DATE**: 20250626

**DATE AS OF CHANGE**: 20250626

**PERIOD START**: 20250430

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** STEWARD FUNDS, INC.
- **CENTRAL INDEX KEY:** 0000092500

**ORGANIZATION NAME:**
- **EIN:** 751281784
- **FISCAL YEAR END:** 0430

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-01597
- **FILM NUMBER:** 251075499

**BUSINESS ADDRESS:**
- **STREET 1:** 15375 MEMORIAL DRIVE, SUITE 200
- **CITY:** HOUSTON
- **STATE:** TX
- **ZIP:** 77079
- **BUSINESS PHONE:** 713-260-9000

**MAIL ADDRESS:**
- **STREET 1:** 15375 MEMORIAL DRIVE, SUITE 200
- **CITY:** HOUSTON
- **STATE:** TX
- **ZIP:** 77079

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** CHRISTIAN STEWARDSHIP FUNDS
- **DATE OF NAME CHANGE:** 20021126

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** CAPSTONE CHRISTIAN VALUES FUND INC
- **DATE OF NAME CHANGE:** 20011119

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** CAPSTONE FIXED INCOME SERIES INC
- **DATE OF NAME CHANGE:** 19920703

## Series and Classes Contracts Data

### Steward International Enhanced Index Fund (Series ID: S000010863)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000030111 | Class A             | SNTKX           |
| C000030112 | Institutional Class | SNTCX           |
| C000195831 | Class R6            | SNTFX           |
| C000195832 | Class C             | SNTDX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Steward Funds Inc

- **b. Investment Company Act file number:** 811-01597

- **c. CIK number of Registrant:** 0000092500

- **d. LEI of Registrant:** 549300RMO0BOXYR4QF39

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

  - **Street Address 1:** 15375 Memorial Drive, Suite 200

  - **City:** Houston

  - **State:** TX

  - **Foreign country:** US

  - **Zip / Postal Code:** 77079

  - **Telephone number:** 713-260-9000

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

- **a. Name of Series:** Steward International Enhanced Index Fund

- **b. EDGAR series identifier (if any):** S000010863

- **c. LEI of Series:** 549300P51VGC75LDF632

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

- **a. Date of fiscal year-end:** 2025-04-30

- **b. Date as of which information is reported:** 2025-04-30

**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:** $211236634.07

**Total Liabilities:** $149218.18

**Net Assets:** $211087415.89

**Cash Not Reported:** $5.58

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000030111 | 2.71%                | 0.99%                | 0.34%                |
| Class ID C000030112 | 2.72%                | 1.00%                | 0.39%                |
| Class ID C000195831 | 2.72%                | 1.05%                | 0.33%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $747961.02               | $4500278.97                                |
| Month 2  | $3402985.60              | $-2281012.17                               |
| Month 3  | $260854.69               | $117646.86                                 |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Honda Motor Co Ltd.                                            | Honda Motor Co Ltd. ADR-EACH CNV INTO 1 ORD                                             | CUSIP: 438128308<br>LEI: 549300P7ZYCQJ36CCS16 | Long             | EC               | CORP              | JP        |    111053 | NS      | $3388227.03   | 1.61%             |  |  |  | No            |                  1 | On Loan: No      |
| SAP SE                                                         | SAP SE SPON ADR EA REP 1 ORD NPV                                                        | CUSIP: 803054204<br>LEI: 529900D6BF99LW9R2E68 | Long             | EC               | CORP              | DE        |     44816 | NS      | $13094787.04  | 6.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Itau Unibanco Holding SA                                       | Itau Unibanco Holding SA ADR EACH REPR 1 PRF NPV                                        | CUSIP: 465562106<br>LEI: 5493002W2IVG62O3ZJ94 | Long             | EC               | CORP              | BR        |    268209 | NS      | $1692398.79   | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Chunghwa Telecom Co Ltd.                                       | Chunghwa Telecom Co Ltd. ADR EA REPR 10 ORD TWD10                                       | CUSIP: 17133Q502<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |     44597 | NS      | $1803502.68   | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Ryanair Holdings PLC                                           | Ryanair Holdings PLC ADS EACH REPR 5 ORD EUR0.01                                        | CUSIP: 783513203<br>LEI: 635400BR2ROC1FVEBQ56 | Long             | EC               | CORP              | IE        |     22775 | NS      | $1090011.50   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| ArcelorMittal S.A.                                             | ArcelorMittal S.A. NY REGISTRY SHS (POST SPLT)                                          | CUSIP: 03938L203<br>LEI: 2EULGUTUI56JI9SAL165 | Long             | EC               | CORP              | LU        |     21827 | NS      | $648043.63    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Argenx SE                                                      | Argenx SE SPON ADR EACH REP 1 ORD SHS                                                   | CUSIP: 04016X101<br>LEI: 7245009C5FZE6G9ODQ71 | Long             | EC               | CORP              | NL        |      5228 | NS      | $3372791.92   | 1.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Trip.com Group Ltd.                                            | Trip.com Group Ltd. ADS                                                                 | CUSIP: 89677Q107<br>LEI: 2549004RMYDSRQL4KW41 | Long             | EC               | CORP              | KY        |      5747 | NS      | $339015.53    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Centessa Pharmaceuticals plc                                   | Centessa Pharmaceuticals plc SPONSORED ADS                                              | CUSIP: 152309100<br>LEI: 213800GIDAARDSKOI827 | Long             | EC               | CORP              | GB        |      5436 | NS      | $74527.56     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| KB Financial Group Inc.                                        | KB Financial Group Inc. ADR EACH REPR 1 ORD SHS                                         | CUSIP: 48241A105<br>LEI: 529900TKE4MXG3Q6GW86 | Long             | EC               | CORP              | KR        |      8767 | NS      | $552145.66    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| JD.com Inc.                                                    | JD.com Inc. SPON ADS EACH REP 2 ORD SHS                                                 | CUSIP: 47215P106<br>LEI: 549300HVTWB0GJZ16V92 | Long             | EC               | CORP              | KY        |     35403 | NS      | $1154845.86   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| NIO Inc.                                                       | NIO Inc. SPON ADS EACH REP 1 ORD SHS                                                    | CUSIP: 62914V106<br>LEI: 549300JBU4TV5OCKJV96 | Long             | EC               | CORP              | KY        |     26351 | NS      | $106721.55    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Bicycle Therapeutics PLC                                       | Bicycle Therapeutics PLC SPONSORED ADS                                                  | CUSIP: 088786108<br>LEI: 213800XKUI6R7GKC3E43 | Long             | EC               | CORP              | GB        |     11209 | NS      | $95949.04     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Shell PLC                                                      | Shell PLC SPON ADS                                                                      | CUSIP: 780259305<br>LEI: 21380068P1DRHMJ8KU70 | Long             | EC               | CORP              | GB        |    144811 | NS      | $9337413.28   | 4.42%             |  |  |  | No            |                  1 | On Loan: No      |
| NatWest Group PLC                                              | NatWest Group PLC SPONS ADR                                                             | CUSIP: 639057207<br>LEI: 2138005O9XJIJN4JPN90 | Long             | EC               | CORP              | GB        |     66623 | NS      | $860769.16    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Arm Holdings PLC                                               | Arm Holdings PLC SPONSORED ADS                                                          | CUSIP: 042068205<br>LEI: 2138001E66EELTE7Y904 | Long             | EC               | CORP              | GB        |      4338 | NS      | $494748.90    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Banco Santander, S.A.                                          | Banco Santander, S.A. ADR REP 1 ORD EUR0.50                                             | CUSIP: 05964H105<br>LEI: 5493006QMFDDMYWIAM13 | Long             | EC               | CORP              | ES        |    406169 | NS      | $2843183.00   | 1.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Infosys Ltd.                                                   | Infosys Ltd. SPON ADR EACH REP 1 ORD SHS                                                | CUSIP: 456788108<br>LEI: 335800TYLGG93MM7PR89 | Long             | EC               | CORP              | IN        |    179816 | NS      | $3164761.60   | 1.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Barclays PLC                                                   | Barclays PLC ADR-EACH CV 4 ORD GBP0.25                                                  | CUSIP: 06738E204<br>LEI: 213800LBQA1Y9L22JB70 | Long             | EC               | CORP              | GB        |    113631 | NS      | $1824913.86   | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Unilever PLC                                                   | Unilever PLC ADS-EA REP 1 ORD GPB0.03111                                                | CUSIP: 904767704<br>LEI: 549300MKFYEKVRWML317 | Long             | EC               | CORP              | GB        |    193885 | NS      | $12321391.75  | 5.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Gold Fields Ltd                                                | Gold Fields Ltd SPON ADR EACH REPR 1 ORD ZA                                             | CUSIP: 38059T106<br>LEI: 5299003KXIBJQYCBBD72 | Long             | EC               | CORP              | ZA        |     17085 | NS      | $385095.90    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| STMicroelectronics N.V.                                        | STMicroelectronics N.V. SPON ADR EACH REP 1 ORD SHS                                     | CUSIP: 861012102<br>LEI: 213800Z8NOHIKRI42W10 | Long             | EC               | CORP              | NL        |     34715 | NS      | $788377.65    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Taiwan Semiconductor Manufacturing Co., Ltd.                   | Taiwan Semiconductor Manufacturing Co., Ltd. SPON ADS REP 5 ORD TWD10                   | CUSIP: 874039100<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |     39270 | NS      | $6545916.30   | 3.10%             |  |  |  | No            |                  1 | On Loan: No      |
| BP PLC                                                         | BP PLC SPON ADR EACH REP 6 ORD SHS                                                      | CUSIP: 055622104<br>LEI: 213800LH1BZH3DI6G760 | Long             | EC               | CORP              | GB        |    115998 | NS      | $3185305.08   | 1.51%             |  |  |  | No            |                  1 | On Loan: No      |
| BHP Group Ltd.                                                 | BHP Group Ltd. SPON ADS EACH REP 2 ORD SHS                                              | CUSIP: 088606108<br>LEI: WZE1WSENV6JSZFK0JC28 | Long             | EC               | CORP              | AU        |    104449 | NS      | $4966549.95   | 2.35%             |  |  |  | No            |                  1 | On Loan: No      |
| ORIX Corp.                                                     | ORIX Corp. SPON ADR REP 5 ORD NPV                                                       | CUSIP: 686330101<br>LEI: 35380016EMHNBOVYE123 | Long             | EC               | CORP              | JP        |     78460 | NS      | $1573907.60   | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Pearson PLC                                                    | Pearson PLC SPON ADR-REP 1 ORD GBP0.25                                                  | CUSIP: 705015105<br>LEI: 2138004JBXWWJKIURC57 | Long             | EC               | CORP              | GB        |     97434 | NS      | $1583302.50   | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| CEMEX S.A.B. de C.V.                                           | CEMEX S.A.B. de C.V. SPON ADR REP 10 ORD SHS                                            | CUSIP: 151290889<br>LEI: 549300RIG2CXWN6IV731 | Long             | EC               | CORP              | MX        |     75555 | NS      | $466174.35    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Centrais Eletricas Brasileiras S.A.                            | Centrais Eletricas Brasileiras S.A. ADR EA REPR 1 COM NPV                               | CUSIP: 15234Q207<br>LEI: 254900I8KYDELP4B4Z08 | Long             | EC               | CORP              | BR        |     81639 | NS      | $628620.30    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Banco Bilbao Vizcaya Argentaria SA                             | Banco Bilbao Vizcaya Argentaria SA ADS EACH REP 1 ORD EUR0.49                           | CUSIP: 05946K101<br>LEI: K8MS7FD7N5Z2WQ51AZ71 | Long             | EC               | CORP              | ES        |    191377 | NS      | $2621864.90   | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Fomento Economico Mexicano S A B de C V                        | Fomento Economico Mexicano S A B de C V SPON ADR RP 10 UTS(1B&2D-B&                     | CUSIP: 344419106<br>LEI: 549300A8MDWDJNMLV153 | Long             | EC               | CORP              | MX        |      6601 | NS      | $695151.31    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| ICICI Bank Ltd.                                                | ICICI Bank Ltd. SPON ADR EACH REP 2 ORD SHS                                             | CUSIP: 45104G104<br>LEI: R7RX8ER1V4666J8D1I38 | Long             | EC               | CORP              | IN        |     90637 | NS      | $3041777.72   | 1.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Eni SpA                                                        | Eni SpA ADR EACH REP 2 ORD EUR1                                                         | CUSIP: 26874R108<br>LEI: BUCRF72VH5RBN7X3VL35 | Long             | EC               | CORP              | IT        |     67356 | NS      | $1913583.96   | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Royal Philips NV                                               | Royal Philips NV SPON ADR REP 1 ORD EUR0.20                                             | CUSIP: 500472303<br>LEI: H1FJE8H61JGM1JSGM897 | Long             | EC               | CORP              | NL        |     59082 | NS      | $1497728.70   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Smith & Nephew PLC                                             | Smith & Nephew PLC ADR EACH REPR 2 ORD                                                  | CUSIP: 83175M205<br>LEI: 213800ZTMDN8S67S1H61 | Long             | EC               | CORP              | GB        |     71999 | NS      | $2017411.98   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Petroleo Brasileiro SA                                         | Petroleo Brasileiro SA SPON ADS EACH REP 2 ORD SHS                                      | CUSIP: 71654V408<br>LEI: 5493000J801JZRCMFE49 | Long             | EC               | CORP              | BR        |     25860 | NS      | $291959.40    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Lloyds Banking Group PLC                                       | Lloyds Banking Group PLC ADR REP 4 ORD GBP0.10(BNY)                                     | CUSIP: 539439109<br>LEI: 549300PPXHEU2JF0AM85 | Long             | EC               | CORP              | GB        |    425905 | NS      | $1682324.75   | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Fresenius Medical Care AG                                      | Fresenius Medical Care AG SPON ADR-EACH REP 0.5 NPV                                     | CUSIP: 358029106<br>LEI: 549300CP8NY40UP89Q40 | Long             | EC               | CORP              | DE        |     36535 | NS      | $927258.30    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Wipro Ltd.                                                     | Wipro Ltd. SPON ADR REP 1 ORD SHS INR2                                                  | CUSIP: 97651M109<br>LEI: 335800IFS1IJHESG8362 | Long             | EC               | CORP              | IN        |    168148 | NS      | $480903.28    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| ING Groep N.V.                                                 | ING Groep N.V. SPON ADR 1 ORD SHS EUR0.24                                               | CUSIP: 456837103<br>LEI: 549300NYKK9MWM7GGW15 | Long             | EC               | CORP              | NL        |    131717 | NS      | $2551358.29   | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| HDFC Bank Ltd.                                                 | HDFC Bank Ltd. SPON ADS EACH REP 3 ORD SHS                                              | CUSIP: 40415F101<br>LEI: 335800ZQ6I4E2JXENC50 | Long             | EC               | CORP              | IN        |     43456 | NS      | $3158816.64   | 1.50%             |  |  |  | No            |                  1 | On Loan: No      |
| James Hardie Industries PLC                                    | James Hardie Industries PLC SPONSORED ADR                                               | CUSIP: 47030M106<br>LEI: 635400NSGXKTVOO7JU45 | Long             | EC               | CORP              | IE        |     32274 | NS      | $766184.76    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Nomura Holdings Inc.                                           | Nomura Holdings Inc. ADR REP 1 ORD NPV(BNY)                                             | CUSIP: 65535H208<br>LEI: 549300B3CEAHYG7K8164 | Long             | EC               | CORP              | JP        |     85620 | NS      | $475191.00    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Nice Limited                                                   | Nice Limited ADR-EACH REPR 1 ORD ILS1                                                   | CUSIP: 653656108<br>LEI: 254900YTY4EF5Z4W0A51 | Long             | EC               | CORP              | IL        |      9504 | NS      | $1481245.92   | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Nokia Corp                                                     | Nokia Corp SPON ADR-REP 1 ORD NPV                                                       | CUSIP: 654902204<br>LEI: 549300A0JPRWG1KI7U06 | Long             | EC               | CORP              | FI        |    167640 | NS      | $836523.60    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Petroleo Brasileiro SA                                         | Petroleo Brasileiro SA SPON ADR REP 2 PRF SHS                                           | CUSIP: 71654V101<br>LEI: 5493000J801JZRCMFE49 | Long             | EC               | CORP              | BR        |    113226 | NS      | $1195666.56   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Companhia de Saneamento Basico do Estado de Sao Paulo - SABESP | Companhia de Saneamento Basico do Estado de Sao Paulo - SABESP SPONS ADR REPR 1 COM NPV | CUSIP: 20441A102<br>LEI: 254900UOXRZRS2TNWP19 | Long             | EC               | CORP              | BR        |     45558 | NS      | $926194.14    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Rentokil Initial PLC                                           | Rentokil Initial PLC SPON ADR REP 5 ORD GBP0.01                                         | CUSIP: 760125104<br>LEI: 549300VN4WV7Z6T14K68 | Long             | EC               | CORP              | GB        |     12435 | NS      | $285258.90    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Rio Tinto PLC                                                  | Rio Tinto PLC ADR EACH REP 1 ORD                                                        | CUSIP: 767204100<br>LEI: 213800YOEO5OQ72G2R82 | Long             | EC               | CORP              | GB        |     45645 | NS      | $2711313.00   | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Sony Group Corp.                                               | Sony Group Corp. SPON ADR EACH REPR 1 ORD                                               | CUSIP: 835699307<br>LEI: 529900R5WX9N2OI2N910 | Long             | EC               | CORP              | JP        |    286690 | NS      | $7453940.00   | 3.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Telefonaktiebolaget LM Ericsson (publ)                         | Telefonaktiebolaget LM Ericsson (publ) ADR EACH REP 1 ORD'B'SEK1                        | CUSIP: 294821608<br>LEI: 549300W9JLPW15XIFM52 | Long             | EC               | CORP              | SE        |    143601 | NS      | $1183272.24   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Telefonica, S.A.                                               | Telefonica, S.A. ADR EA REPR 1 ORD NPV                                                  | CUSIP: 879382208<br>LEI: 549300EEJH4FEPDBBR25 | Long             | EC               | CORP              | ES        |    169980 | NS      | $868597.80    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Telkom Indonesia(Persero) Tbk PT                               | Telkom Indonesia(Persero) Tbk PT ADR EA REP 100 SER'B'IDR250                            | CUSIP: 715684106<br>LEI: 529900M5SQZAOKV1PC81 | Long             | EC               | CORP              | ID        |     54458 | NS      | $851178.54    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| TotalEnergies SE                                               | TotalEnergies SE SPON ADS EA REP 1 ORD SHS                                              | CUSIP: 89151E109<br>LEI: 529900S21EQ1BO4ESM68 | Long             | EC               | CORP              | FR        |     86092 | NS      | $4894330.20   | 2.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Equinor ASA                                                    | Equinor ASA SPON ADR EACH REP 1 ORD SHS                                                 | CUSIP: 29446M102<br>LEI: OW6OFBNCKXC4US5C7523 | Long             | EC               | CORP              | NO        |     52698 | NS      | $1174638.42   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| PDD Holdings Inc.                                              | PDD Holdings Inc. SPON ADS EACH REP 4 ORD SHS                                           | CUSIP: 722304102<br>LEI: 5493000573DS7005T657 | Long             | EC               | CORP              | KY        |     14795 | NS      | $1561908.15   | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Futu Holdings Ltd.                                             | Futu Holdings Ltd. SPON ADS CL A                                                        | CUSIP: 36118L106<br>LEI: 213800X4W4ZRESFPTQ37 | Long             | EC               | CORP              | KY        |      1342 | NS      | $123880.02    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Immunocore Holdings plc                                        | Immunocore Holdings plc ADS                                                             | CUSIP: 45258D105<br>LEI: 213800IUE3DFS84BVN18 | Long             | EC               | CORP              | GB        |     37465 | NS      | $1127696.50   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Avadel Pharmaceuticals PLC                                     | Avadel Pharmaceuticals PLC COM SHS                                                      | CUSIP: G29687103<br>LEI: 549300E27PTSG2RHC762 | Long             | EC               | CORP              | IE        |     35008 | NS      | $311221.12    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Sumitomo Mitsui Financial Group Inc.                           | Sumitomo Mitsui Financial Group Inc. ADR EACH REPR 1/5 ORD NPV                          | CUSIP: 86562M209<br>LEI: 35380028MYWPB6AUO129 | Long             | EC               | CORP              | JP        |    233244 | NS      | $3312064.80   | 1.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Galapagos NV                                                   | Galapagos NV SPON ADR REPR 1 ORD SHS                                                    | CUSIP: 36315X101<br>LEI: 549300QKJ78IY0IOV655 | Long             | EC               | CORP              | BE        |     48228 | NS      | $1298297.76   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Baidu Inc.                                                     | Baidu Inc. SPON ADS EACH REP 0.1 ORD S                                                  | CUSIP: 056752108<br>LEI: 254900AL64IANZYI1E02 | Long             | EC               | CORP              | KY        |      5506 | NS      | $483536.92    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Mitsubishi UFJ Financial Group Inc.                            | Mitsubishi UFJ Financial Group Inc. SPON ADS EACH REP 1 ORD SHS                         | CUSIP: 606822104<br>LEI: 353800V2V8PUY9TK3E06 | Long             | EC               | CORP              | JP        |    414100 | NS      | $5234224.00   | 2.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Suzano S A                                                     | Suzano S A SPON ADS EACH REP 1 ORD SHS                                                  | CUSIP: 86959K105<br>LEI: 391200AW174YQSDMGG41 | Long             | EC               | CORP              | BR        |     25371 | NS      | $224787.06    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Vodafone Group PLC                                             | Vodafone Group PLC SPON ADR EACH REP 10 ORD                                             | CUSIP: 92857W308<br>LEI: 213800TB53ELEUKM7Q61 | Long             | EC               | CORP              | GB        |     88377 | NS      | $862559.52    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Relx PLC                                                       | Relx PLC SPON ADS EACH REPR 1 ORD                                                       | CUSIP: 759530108<br>LEI: 549300WSX3VBUFFJOO66 | Long             | EC               | CORP              | GB        |    164145 | NS      | $8967241.35   | 4.25%             |  |  |  | No            |                  1 | On Loan: No      |
| XPeng Inc.                                                     | XPeng Inc. ADS                                                                          | CUSIP: 98422D105<br>LEI: 549300TZNMIREMWQU857 | Long             | EC               | CORP              | KY        |      9078 | NS      | $168850.80    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Veon Ltd.                                                      | Veon Ltd. SPONSORED ADS                                                                 | CUSIP: 91822M502<br>LEI: 5493008CA3NMHYEVT131 | Long             | EC               | CORP              | BM        |      2409 | NS      | $109272.24    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Logitech International SA                                      | Logitech International SA CHF0.25 (REGD)                                                | CUSIP: H50430232<br>LEI: 549300SN6PRK6IJJC215 | Long             | EC               | CORP              | CH        |     15168 | NS      | $1143515.52   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Mizuho Financial Group Inc.                                    | Mizuho Financial Group Inc. SPON ADS EACH REPR 0.20 SHS                                 | CUSIP: 60687Y109<br>LEI: 353800CI5L6DDAN5XZ33 | Long             | EC               | CORP              | JP        |    315100 | NS      | $1591255.00   | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| UBS Group AG                                                   | UBS Group AG CHF0.10 (REGD)                                                             | CUSIP: H42097107<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | EC               | CORP              | CH        |    133868 | NS      | $4046829.64   | 1.92%             |  |  |  | No            |                  1 | On Loan: No      |
| ZTO Express (Cayman) Inc.                                      | ZTO Express (Cayman) Inc. SPON ADS EA REP 1 SHS CL A                                    | CUSIP: 98980A105<br>LEI: 549300SCJPK3YZJTJR78 | Long             | EC               | CORP              | KY        |     16627 | NS      | $307599.50    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Tencent Music Entertainment Group                              | Tencent Music Entertainment Group SPON ADS EA REP 2 ORD SHS                             | CUSIP: 88034P109<br>LEI: 213800XTZK2GOHQTYK41 | Long             | EC               | CORP              | KY        |     30579 | NS      | $410370.18    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| America Movil S.A.B. de C.V.                                   | America Movil S.A.B. de C.V. SPON ADS RP CL B                                           | CUSIP: 02390A101<br>LEI: 5493000FNR3UCEAONM59 | Long             | EC               | CORP              | MX        |     77435 | NS      | $1334979.40   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| United Microelectronics Corp.                                  | United Microelectronics Corp. SPON ADS REP 5 ORD TWD10                                  | CUSIP: 910873405<br>LEI: 391200YJCAGH9LF96P73 | Long             | EC               | CORP              | TW        |    136133 | NS      | $958376.32    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Vale S.A.                                                      | Vale S.A. SPONS ADS REPR 1 COM NPV                                                      | CUSIP: 91912E105<br>LEI: 254900SMTWBX7RU2SR20 | Long             | EC               | CORP              | BR        |     90960 | NS      | $846837.60    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Ascendis Pharma A/S                                            | Ascendis Pharma A/S SPON ADR EACH REP 1 ORD SHS                                         | CUSIP: 04351P101<br>LEI: 549300B66JN3W3J8GH73 | Long             | EC               | CORP              | DK        |      5589 | NS      | $952589.16    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| BeiGene Ltd.                                                   | BeiGene Ltd. SPON ADS EACH REPR 13 ORD                                                  | CUSIP: 07725L102<br>LEI: 549300JFUK6FRD5MH739 | Long             | EC               | CORP              | KY        |      2294 | NS      | $596004.14    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| National Grid PLC                                              | National Grid PLC SPON ADR EACH REP 5 ORD SHS                                           | CUSIP: 636274409<br>LEI: 8R95QZMKZLJX5Q2XR704 | Long             | EC               | CORP              | GB        |     65137 | NS      | $4755001.00   | 2.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Sea Ltd.                                                       | Sea Ltd. ADS EACH REP ONE CL A SHS                                                      | CUSIP: 81141R100<br>LEI: 529900OM6JLLW44YKI15 | Long             | EC               | CORP              | KY        |     12417 | NS      | $1664498.85   | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Li Auto Inc.                                                   | Li Auto Inc. SPONSORED ADS                                                              | CUSIP: 50202M102<br>LEI: 2549003R73Q70J5H4I65 | Long             | EC               | CORP              | KY        |     17764 | NS      | $433263.96    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Silence Therapeutics PLC                                       | Silence Therapeutics PLC ADS                                                            | CUSIP: 82686Q101<br>LEI: 213800SSURRJBX85SQ91 | Long             | EC               | CORP              | GB        |      5800 | NS      | $21460.00     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Haleon PLC                                                     | Haleon PLC SPON ADS                                                                     | CUSIP: 405552100<br>LEI: 549300PSB3WWEODCUP19 | Long             | EC               | CORP              | GB        |    292793 | NS      | $2971848.95   | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Aegon Ltd.                                                     | Aegon Ltd. AMER REG 1 CERT                                                              | CUSIP: 0076CA104<br>LEI: O4QK7KMMK83ITNTHUG69 | Long             | EC               | CORP              | BM        |     40717 | NS      | $261810.31    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Abivax SA                                                      | Abivax SA SPONSORED ADS                                                                 | CUSIP: 00370M103<br>LEI: 969500D8TMNB184OJU95 | Long             | EC               | CORP              | FR        |      7858 | NS      | $55948.96     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Takeda Pharmaceutical Co Ltd.                                  | Takeda Pharmaceutical Co Ltd. SPON ADS EACH REP 0.5 ORD                                 | CUSIP: 874060205<br>LEI: 549300ZLMVP4X0OGR454 | Long             | EC               | CORP              | JP        |    325292 | NS      | $4973714.68   | 2.36%             |  |  |  | No            |                  1 | On Loan: No      |
| ASML Holding N.V.                                              | ASML Holding N.V. NY REGISTRY SHS                                                       | CUSIP: N07059210<br>LEI: 724500Y6DUVHQD6OXN27 | Long             | EC               | CORP              | NL        |     15896 | NS      | $10619799.68  | 5.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Alibaba Group Holding Ltd.                                     | Alibaba Group Holding Ltd. SPON ADS EACH REP 8 ORD SHS                                  | CUSIP: 01609W102<br>LEI: 5493001NTNQJDH60PM02 | Long             | EC               | CORP              | KY        |     45972 | NS      | $5490435.96   | 2.60%             |  |  |  | No            |                  1 | On Loan: No      |
| ASE Technology Holding Co Ltd.                                 | ASE Technology Holding Co Ltd. SPON ADS EACH REP 2 ORD SHS                              | CUSIP: 00215W100<br>LEI: 300300GO8QHPMV87NZ73 | Long             | EC               | CORP              | TW        |     57146 | NS      | $498884.58    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Full Truck Alliance Co Ltd                                     | Full Truck Alliance Co Ltd SPONSORED ADS                                                | CUSIP: 35969L108<br>LEI: 984500884LB1DP8DAC57 | Long             | EC               | CORP              | KY        |     22572 | NS      | $256417.92    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| WPP PLC                                                        | WPP PLC ADS EACH REPR 5 ORD                                                             | CUSIP: 92937A102<br>LEI: 549300LSGBXPYHXGDT93 | Long             | EC               | CORP              | JE        |     26071 | NS      | $1005297.76   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Criteo S.A                                                     | Criteo S.A ADS EACH REPR 1 ORD SPONS                                                    | CUSIP: 226718104<br>LEI: 969500EELFB4RDMFHA76 | Long             | EC               | CORP              | FR        |     10617 | NS      | $361615.02    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Hutchmed (China) Limited                                       | Hutchmed (China) Limited SPON ADS EACH REPR 5 ORD SH                                    | CUSIP: 44842L103<br>LEI: 2138006X34YDQ6OBYE79 | Long             | EC               | CORP              | KY        |     23895 | NS      | $354840.75    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Verona Pharma Plc                                              | Verona Pharma Plc SPONSORED ADS                                                         | CUSIP: 925050106<br>LEI: 213800EVI6O6J3TIAL06 | Long             | EC               | CORP              | GB        |     15952 | NS      | $1149660.64   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| InterContinental Hotels Group PLC                              | InterContinental Hotels Group PLC SPON ADS EACH REP 1 ORD SHS                           | CUSIP: 45857P806<br>LEI: 2138007ZFQYRUSLU3J98 | Long             | EC               | CORP              | GB        |     17617 | NS      | $1900698.13   | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Northern Institutional Funds                                   | Northern Institutional Funds TREAS PRT PRMR                                             | CUSIP: 665279873<br>LEI: 549300Y178DO5JBR1S04 | Long             | STIV             | RF                | US        |    471689 | NS      | $471688.85    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Prudential PLC                                                 | Prudential PLC ADR EACH REPR 2 ORD GBP0.05                                              | CUSIP: 74435K204<br>LEI: 5493001Z3ZE83NGK8Y12 | Long             | EC               | CORP              | GB        |     56936 | NS      | $1209890.00   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| NetEase Inc.                                                   | NetEase Inc. SPON ADS EACH REP 25 ORD SH                                                | CUSIP: 64110W102<br>LEI: 5299004AF4DSJDB0PA32 | Long             | EC               | CORP              | KY        |      7441 | NS      | $796633.46    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| HSBC Holdings PLC                                              | HSBC Holdings PLC ADR EACH REPR 5 ORD USD0.50                                           | CUSIP: 404280406<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | EC               | CORP              | GB        |    142305 | NS      | $7980464.40   | 3.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Deutsche Bank AG                                               | Deutsche Bank AG NPV(REGD)                                                              | CUSIP: D18190898<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | EC               | CORP              | DE        |     82893 | NS      | $2172625.53   | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Banco de Chile                                                 | Banco de Chile SPON ADS REP 200 ORD SHS                                                 | CUSIP: 059520106<br>LEI: 8B4EZFY8IHJC44TT2K84 | Long             | EC               | CORP              | CL        |      6046 | NS      | $178477.92    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| KE Holdings Inc.                                               | KE Holdings Inc. SPONSORED ADS                                                          | CUSIP: 482497104<br>LEI: 254900RHVY072XPAZE03 | Long             | EC               | CORP              | KY        |     15738 | NS      | $319481.40    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-05-30

**Name of Applicant:** Steward Funds Inc

**Signature:** Jim Coppedge

**Name of Signer:** Jim Coppedge

**Title:** General Counsel & CCO