# EDGAR Filing Document

**Accession Number:** 0000817656
**File Stem:** 0001752724-25-211171
**Filing Date:** 2025-8
**Character Count:** 23626
**Document Hash:** 8a24a47c8411562c7b2d2d1e4b07c631
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-211171.hdr.sgml**: 20250828

**ACCESSION NUMBER**: 0001752724-25-211171

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250828

**DATE AS OF CHANGE**: 20250828

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** ELFUN INTERNATIONAL EQUITY FUND
- **CENTRAL INDEX KEY:** 0000817656

**ORGANIZATION NAME:**
- **EIN:** 061205244
- **STATE OF INCORPORATION:** CT
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-05216
- **FILM NUMBER:** 251270168

**BUSINESS ADDRESS:**
- **STREET 1:** ONE IRON STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02210
- **BUSINESS PHONE:** 6176643920

**MAIL ADDRESS:**
- **STREET 1:** ONE IRON STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02210

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ELFUN GLOBAL FUND
- **DATE OF NAME CHANGE:** 19920703

## Series and Classes Contracts Data

### ELFUN INTERNATIONAL EQUITY FUND (Series ID: S000011817)

| Class ID   | Class Name                      | Ticker Symbol   |
|:---|:---|:---|
| C000032294 | Elfun International Equity Fund | eglbx           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** ELFUN INTERNATIONAL EQUITY FUND

- **b. Investment Company Act file number:** 811-05216

- **c. CIK number of Registrant:** 0000817656

- **d. LEI of Registrant:** 549300S0LP674LVOXI71

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

  - **Street Address 1:** One Iron Street

  - **City:** Boston

  - **State:** MA

  - **Foreign country:** US

  - **Zip / Postal Code:** 02210

  - **Telephone number:** 617-664-7037

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

- **a. Name of Series:** ELFUN INTERNATIONAL EQUITY FUND

- **b. EDGAR series identifier (if any):** S000011817

- **c. LEI of Series:** 549300S0LP674LVOXI71

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

- **a. Date of fiscal year-end:** 2025-12-31

- **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:** $192714054.07

**Total Liabilities:** $611037.64

**Net Assets:** $192103016.43

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000032294 | 2.23%                | 4.13%                | 2.02%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $35061.75                | $3142741.49                                |
| Month 2  | $-172649.66              | $6746079.32                                |
| Month 3  | $2374256.09              | $1354239.17                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Universal Music Group NV            | Universal Music Group NV                                   | CUSIP: 000000000<br>LEI: 724500GJBUL3D9TW9Y18 | Long             | EC               | CORP              | NL        |     98492 | NS      | $3177094.16   | 1.65%             |  |  |  | No            |                  1 | On Loan: No      |
| LVMH Moet Hennessy Louis Vuitton SE | LVMH Moet Hennessy Louis Vuitton SE                        | CUSIP: 000000000<br>LEI: IOG4E947OATN0KJYSD45 | Long             | EC               | CORP              | FR        |      6043 | NS      | $3153802.22   | 1.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Embraer SA                          | Embraer SA                                                 | CUSIP: 29082A107<br>LEI: 549300EM51WYXFHUY333 | Long             | EC               | CORP              | BR        |     31852 | NS      | $1812697.32   | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| ASML Holding NV                     | ASML Holding NV                                            | CUSIP: 000000000<br>LEI: 724500Y6DUVHQD6OXN27 | Long             | EC               | CORP              | NL        |      7373 | NS      | $5864487.06   | 3.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Brookfield Corp                     | Brookfield Corp                                            | CUSIP: 11271J107<br>LEI: C6J3FGIWG6MBDGTE8F80 | Long             | EC               | CORP              | CA        |     34474 | NS      | $2129328.49   | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| State Street Global Advisors        | State Street Institutional Treasury Money Market Fund      | CUSIP: 857492870<br>LEI: 549300Q3FHSMZ70NLT76 | Long             | STIV             | RF                | US        |    846317 | NS      | $846316.71    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Mitsubishi UFJ Financial Group Inc  | Mitsubishi UFJ Financial Group Inc                         | CUSIP: 000000000<br>LEI: 353800V2V8PUY9TK3E06 | Long             | EC               | CORP              | JP        |    379426 | NS      | $5208915.21   | 2.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Disco Corp                          | Disco Corp                                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     13000 | NS      | $3836685.24   | 2.00%             |  |  |  | No            |                  1 | On Loan: No      |
| SAP SE                              | SAP SE                                                     | CUSIP: 000000000<br>LEI: 529900D6BF99LW9R2E68 | Long             | EC               | CORP              | DE        |     18222 | NS      | $5521798.74   | 2.87%             |  |  |  | No            |                  1 | On Loan: No      |
| BNP Paribas SA                      | BNP Paribas SA                                             | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | EC               | CORP              | FR        |     26614 | NS      | $2384300.09   | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Sony Group Corp                     | Sony Group Corp                                            | CUSIP: 000000000<br>LEI: 529900R5WX9N2OI2N910 | Long             | EC               | CORP              | JP        |    234400 | NS      | $6052905.95   | 3.15%             |  |  |  | No            |                  1 | On Loan: No      |
| State Street Global Advisors        | State Street Institutional US Government Money Market Fund | CUSIP: 857492706<br>LEI: 549300BZ5TGIFZUZDZ37 | Long             | STIV             | RF                | US        |    433832 | NS      | $433832.43    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Roche Holding AG                    | Roche Holding AG                                           | CUSIP: 000000000<br>LEI: 549300U41AUUVOAAOB37 | Long             | EC               | CORP              | CH        |     15382 | NS      | $4993352.76   | 2.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Daikin Industries Ltd               | Daikin Industries Ltd                                      | CUSIP: 000000000<br>LEI: 549300Y7FWSTSHMW5Y57 | Long             | EC               | CORP              | JP        |     20500 | NS      | $2416231.09   | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Novo Nordisk A/S                    | Novo Nordisk A/S                                           | CUSIP: 000000000<br>LEI: 549300DAQ1CVT6CXN342 | Long             | EC               | CORP              | DK        |     52385 | NS      | $3623217.53   | 1.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Teck Resources Ltd                  | Teck Resources Ltd                                         | CUSIP: 878742204<br>LEI: T8KI5SQ2JRWHL7XY0E11 | Long             | EC               | CORP              | CA        |     55372 | NS      | $2234764.41   | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Industria de Diseno Textil SA       | Industria de Diseno Textil SA                              | CUSIP: 000000000<br>LEI: 549300TTCXZOGZM2EY83 | Long             | EC               | CORP              | ES        |     46441 | NS      | $2408461.32   | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Kerry Group PLC                     | Kerry Group PLC                                            | CUSIP: 000000000<br>LEI: 635400TLVVBNXLFHWC59 | Long             | EC               | CORP              | IE        |     11259 | NS      | $1239034.78   | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Spirax Group PLC                    | Spirax Group PLC                                           | CUSIP: 000000000<br>LEI: 213800WFVZQMHOZP2W17 | Long             | EC               | CORP              | GB        |     26872 | NS      | $2192870.62   | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| AXA SA                              | AXA SA                                                     | CUSIP: 000000000<br>LEI: F5WCUMTUM4RKZ1MAIE39 | Long             | EC               | CORP              | FR        |     61527 | NS      | $3009550.54   | 1.57%             |  |  |  | No            |                  1 | On Loan: No      |
| adidas AG                           | adidas AG                                                  | CUSIP: 000000000<br>LEI: 549300JSX0Z4CW0V5023 | Long             | EC               | CORP              | DE        |     13337 | NS      | $3099031.99   | 1.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Rentokil Initial PLC                | Rentokil Initial PLC                                       | CUSIP: 000000000<br>LEI: 549300VN4WV7Z6T14K68 | Long             | EC               | CORP              | GB        |    528135 | NS      | $2548251.15   | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Cellnex Telecom SA                  | Cellnex Telecom SA                                         | CUSIP: 000000000<br>LEI: 5493008T4YG3AQUI7P67 | Long             | EC               | CORP              | ES        |     83247 | NS      | $3219855.72   | 1.68%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Air Liquide SA                      | Air Liquide SA                                             | CUSIP: 000000000<br>LEI: 969500MMPQVHK671GT54 | Long             | EC               | CORP              | FR        |     23091 | NS      | $4747232.34   | 2.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Nestle SA                           | Nestle SA                                                  | CUSIP: 000000000<br>LEI: KY37LUS27QQX7BB93L28 | Long             | EC               | CORP              | CH        |     41713 | NS      | $4130949.48   | 2.15%             |  |  |  | No            |                  1 | On Loan: No      |
| ICE Futures U.S., Inc.              | MSCI EAFE SEP25                                            | CUSIP: 000000000<br>LEI: 5493004R83R1LVX2IL36 | N/A              | DE               |  | US        |        29 | NC      | $2323.23      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Murata Manufacturing Co Ltd         | Murata Manufacturing Co Ltd                                | CUSIP: 000000000<br>LEI: 529900QZG6DL8ZRI7140 | Long             | EC               | CORP              | JP        |    132573 | NS      | $1976961.76   | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Assa Abloy AB                       | Assa Abloy AB                                              | CUSIP: 000000000<br>LEI: 549300YECS8HKCIMMB67 | Long             | EC               | CORP              | SE        |    113554 | NS      | $3517285.82   | 1.83%             |  |  |  | No            |                  1 | On Loan: No      |
| London Stock Exchange Group PLC     | London Stock Exchange Group PLC                            | CUSIP: 000000000<br>LEI: 213800QAUUUP6I445N30 | Long             | EC               | CORP              | GB        |     35836 | NS      | $5222618.16   | 2.72%             |  |  |  | No            |                  1 | On Loan: No      |
| DSM-Firmenich AG                    | DSM-Firmenich AG                                           | CUSIP: 000000000<br>LEI: 506700G44V67MPM4BI12 | Long             | EC               | CORP              | CH        |     26345 | NS      | $2791296.26   | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Recruit Holdings Co Ltd             | Recruit Holdings Co Ltd                                    | CUSIP: 000000000<br>LEI: 353800R2LRSMVVC4I806 | Long             | EC               | CORP              | JP        |     60900 | NS      | $3598473.47   | 1.87%             |  |  |  | No            |                  1 | On Loan: No      |
| AstraZeneca PLC                     | AstraZeneca PLC                                            | CUSIP: 000000000<br>LEI: PY6ZZQWO2IZFZC3IOL08 | Long             | EC               | CORP              | GB        |     34268 | NS      | $4752263.61   | 2.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Sika AG                             | Sika AG                                                    | CUSIP: 000000000<br>LEI: 549300R3N69ECGYPU434 | Long             | EC               | CORP              | CH        |      8361 | NS      | $2262511.81   | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| ING Groep NV                        | ING Groep NV                                               | CUSIP: 000000000<br>LEI: 549300NYKK9MWM7GGW15 | Long             | EC               | CORP              | NL        |    195643 | NS      | $4277562.01   | 2.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Galp Energia SGPS SA                | Galp Energia SGPS SA                                       | CUSIP: 000000000<br>LEI: 2138003319Y7NM75FG53 | Long             | EC               | CORP              | PT        |     99541 | NS      | $1819294.53   | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Ashtead Group PLC                   | Ashtead Group PLC                                          | CUSIP: 000000000<br>LEI: 2138007UTBN8X9K1A235 | Long             | EC               | CORP              | GB        |     43471 | NS      | $2781344.33   | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Komatsu Ltd                         | Komatsu Ltd                                                | CUSIP: 000000000<br>LEI: 5493004LQ0B4T7QPQV17 | Long             | EC               | CORP              | JP        |    118000 | NS      | $3869749.73   | 2.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Hoya Corp                           | Hoya Corp                                                  | CUSIP: 000000000<br>LEI: 353800X4VR3BHEUCJB42 | Long             | EC               | CORP              | JP        |     17052 | NS      | $2025179.55   | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Standard Chartered PLC              | Standard Chartered PLC                                     | CUSIP: 000000000<br>LEI: U4LOSYZ7YG4W3S5F2G91 | Long             | EC               | CORP              | GB        |    298171 | NS      | $4931782.61   | 2.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Experian PLC                        | Experian PLC                                               | CUSIP: 000000000<br>LEI: 635400RXXHHYT1JTSZ26 | Long             | EC               | CORP              | JE        |     59885 | NS      | $3079017.35   | 1.60%             |  |  |  | No            |                  1 | On Loan: No      |
| RWE AG                              | RWE AG                                                     | CUSIP: 000000000<br>LEI: 529900GB7KCA94ACC940 | Long             | EC               | CORP              | DE        |     80521 | NS      | $3348827.01   | 1.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Diageo PLC                          | Diageo PLC                                                 | CUSIP: 000000000<br>LEI: 213800ZVIELEA55JMJ32 | Long             | EC               | CORP              | GB        |     93594 | NS      | $2344528.15   | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| United Overseas Bank Ltd            | United Overseas Bank Ltd                                   | CUSIP: 000000000<br>LEI: IO66REGK3RCBAMA8HR66 | Long             | EC               | CORP              | SG        |    131900 | NS      | $3728182.78   | 1.94%             |  |  |  | No            |                  1 | On Loan: No      |
| EssilorLuxottica SA                 | EssilorLuxottica SA                                        | CUSIP: 000000000<br>LEI: 549300M3VH1A3ER1TB49 | Long             | EC               | CORP              | FR        |     15594 | NS      | $4263236.44   | 2.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Cie de Saint-Gobain SA              | Cie de Saint-Gobain SA                                     | CUSIP: 000000000<br>LEI: NFONVGN05Z0FMN5PEC35 | Long             | EC               | CORP              | FR        |     32241 | NS      | $3770983.43   | 1.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Dassault Systemes SE                | Dassault Systemes SE                                       | CUSIP: 000000000<br>LEI: 96950065LBWY0APQIM86 | Long             | EC               | CORP              | FR        |     60596 | NS      | $2185842.77   | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| MercadoLibre Inc                    | MercadoLibre Inc                                           | CUSIP: 58733R102<br>LEI: 549300DKPDN9M5S8GB14 | Long             | EC               | CORP              | US        |      1172 | NS      | $3063174.36   | 1.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Prudential PLC                      | Prudential PLC                                             | CUSIP: 000000000<br>LEI: 5493001Z3ZE83NGK8Y12 | Long             | EC               | CORP              | GB        |    294743 | NS      | $3685999.03   | 1.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Novartis AG                         | Novartis AG                                                | CUSIP: 000000000<br>LEI: 5493007HIVTX6SY6XD66 | Long             | EC               | CORP              | CH        |     33434 | NS      | $4039381.63   | 2.10%             |  |  |  | No            |                  1 | On Loan: No      |
| AIA Group Ltd                       | AIA Group Ltd                                              | CUSIP: 000000000<br>LEI: ZP5ILWVSYE4LJGMMVD57 | Long             | EC               | CORP              | HK        |    358367 | NS      | $3213890.04   | 1.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Coca-Cola Europacific Partners PLC  | Coca-Cola Europacific Partners PLC                         | CUSIP: 000000000<br>LEI: 549300LTH67W4GWMRF57 | Long             | EC               | CORP              | GB        |     21617 | NS      | $2004328.24   | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Safran SA                           | Safran SA                                                  | CUSIP: 000000000<br>LEI: 969500UIC89GT3UL7L24 | Long             | EC               | CORP              | FR        |     17549 | NS      | $5683508.00   | 2.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Coloplast A/S                       | Coloplast A/S                                              | CUSIP: 000000000<br>LEI: 529900NN7SOJ5QG82X67 | Long             | EC               | CORP              | DK        |     20676 | NS      | $1957059.95   | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Croda International PLC             | Croda International PLC                                    | CUSIP: 000000000<br>LEI: 2138004WCNBFJEEOXV26 | Long             | EC               | CORP              | GB        |     43860 | NS      | $1757426.81   | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Tokio Marine Holdings Inc           | Tokio Marine Holdings Inc                                  | CUSIP: 000000000<br>LEI: 5299009QN2NZ191KLS29 | Long             | EC               | CORP              | JP        |    125694 | NS      | $5317705.94   | 2.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Schneider Electric SE               | Schneider Electric SE                                      | CUSIP: 000000000<br>LEI: 969500A1YF1XUYYXS284 | Long             | EC               | CORP              | FR        |     20710 | NS      | $5489293.32   | 2.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Equinor ASA                         | Equinor ASA                                                | CUSIP: 000000000<br>LEI: OW6OFBNCKXC4US5C7523 | Long             | EC               | CORP              | NO        |     98020 | NS      | $2470913.37   | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Infineon Technologies AG            | Infineon Technologies AG                                   | CUSIP: 000000000<br>LEI: TSI2PJM6EPETEQ4X1U25 | Long             | EC               | CORP              | DE        |     46861 | NS      | $1986605.23   | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-07-29

**Name of Applicant:** ELFUN INTERNATIONAL EQUITY FUND

**Signature:** Arthur Jensen

**Name of Signer:** Arthur Jensen

**Title:** Deputy Treasurer