# EDGAR Filing Document

**Accession Number:** 0000817656
**File Stem:** 0001752724-23-046950
**Filing Date:** 2023-2
**Character Count:** 22628
**Document Hash:** 156c155aec3f806cea7fc62e9d95f6cf
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-046950.hdr.sgml**: 20230228

**ACCESSION NUMBER**: 0001752724-23-046950

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230228

**DATE AS OF CHANGE**: 20230228

**PERIOD START**: 20221231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** ELFUN INTERNATIONAL EQUITY FUND
- **CENTRAL INDEX KEY:** 0000817656
- **IRS NUMBER:** 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:** 23683619

**BUSINESS ADDRESS:**
- **STREET 1:** 1600 SUMMER STREET
- **CITY:** STAMFORD
- **STATE:** CT
- **ZIP:** 06905
- **BUSINESS PHONE:** 203-326-2373

**MAIL ADDRESS:**
- **STREET 1:** 1600 SUMMER STREET
- **CITY:** STAMFORD
- **STATE:** CT
- **ZIP:** 06905

**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:** 2022-12-31

- **b. Date as of which information is reported:** 2022-12-31

**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:** $154530947.91

**Total Liabilities:** $623151.96

**Net Assets:** $153907795.95

**Cash Not Reported:** $88681.27

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000032294 | 5.94%                | 13.50%               | -1.95%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $668.47                  | $8170093.28                                |
| Month 2  | $-769347.05              | $19746950.26                               |
| Month 3  | $-1872641.50             | $-1256600.46                               |

### 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        |    130696 | NS      | $3139812.85   | 2.04%             |  |  |  | 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        |      7245 | NS      | $5257138.30   | 3.42%             |  |  |  | No            |                  1 | On Loan: No      |
| BHP Group Ltd                       | BHP Group Ltd                                              | CUSIP: 000000000<br>LEI: WZE1WSENV6JSZFK0JC28 | Long             | EC               | CORP              | AU        |    101026 | NS      | $3123172.43   | 2.03%             |  |  |  | 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        |    935166 | NS      | $935165.68    | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| ASML Holding NV                     | ASML Holding NV                                            | CUSIP: 000000000<br>LEI: 724500Y6DUVHQD6OXN27 | Long             | EC               | CORP              | NL        |      8597 | NS      | $4622437.64   | 3.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Brookfield Corp                     | Brookfield Corp                                            | CUSIP: 11271J107<br>LEI: C6J3FGIWG6MBDGTE8F80 | Long             | EC               | CORP              | CA        |     41330 | NS      | $1298816.49   | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Mitsubishi UFJ Financial Group Inc  | Mitsubishi UFJ Financial Group Inc                         | CUSIP: 000000000<br>LEI: 353800V2V8PUY9TK3E06 | Long             | EC               | CORP              | JP        |    545926 | NS      | $3678261.50   | 2.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Disco Corp                          | Disco Corp                                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     10900 | NS      | $3118534.24   | 2.03%             |  |  |  | No            |                  1 | On Loan: No      |
| SAP SE                              | SAP SE                                                     | CUSIP: 000000000<br>LEI: 529900D6BF99LW9R2E68 | Long             | EC               | CORP              | DE        |     32182 | NS      | $3310632.56   | 2.15%             |  |  |  | No            |                  1 | On Loan: No      |
| BNP Paribas SA                      | BNP Paribas SA                                             | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | EC               | CORP              | FR        |     54000 | NS      | $3068876.02   | 1.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Sony Group Corp                     | Sony Group Corp                                            | CUSIP: 000000000<br>LEI: 529900R5WX9N2OI2N910 | Long             | EC               | CORP              | JP        |     43100 | NS      | $3277945.36   | 2.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Roche Holding AG                    | Roche Holding AG                                           | CUSIP: 000000000<br>LEI: 549300U41AUUVOAAOB37 | Long             | EC               | CORP              | CH        |     13984 | NS      | $4390782.53   | 2.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Daikin Industries Ltd               | Daikin Industries Ltd                                      | CUSIP: 000000000<br>LEI: 549300Y7FWSTSHMW5Y57 | Long             | EC               | CORP              | JP        |     17000 | NS      | $2602599.57   | 1.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Kao Corp                            | Kao Corp                                                   | CUSIP: 000000000<br>LEI: 353800HM38HFCB8RGL63 | Long             | EC               | CORP              | JP        |     56100 | NS      | $2234305.96   | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Industria de Diseno Textil SA       | Industria de Diseno Textil SA                              | CUSIP: 000000000<br>LEI: 549300TTCXZOGZM2EY83 | Long             | EC               | CORP              | ES        |     83578 | NS      | $2216584.74   | 1.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Kerry Group PLC                     | Kerry Group PLC                                            | CUSIP: 000000000<br>LEI: 635400TLVVBNXLFHWC59 | Long             | EC               | CORP              | IE        |     19447 | NS      | $1748384.48   | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Spirax-Sarco Engineering PLC        | Spirax-Sarco Engineering PLC                               | CUSIP: 000000000<br>LEI: 213800WFVZQMHOZP2W17 | Long             | EC               | CORP              | GB        |     16280 | NS      | $2078758.70   | 1.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Shimadzu Corp                       | Shimadzu Corp                                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     43157 | NS      | $1224926.79   | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| AXA SA                              | AXA SA                                                     | CUSIP: 000000000<br>LEI: F5WCUMTUM4RKZ1MAIE39 | Long             | EC               | CORP              | FR        |    115036 | NS      | $3198827.50   | 2.08%             |  |  |  | No            |                  1 | On Loan: No      |
| ICE Futures U.S., Inc.              | MSCI EAFE MAR23                                            | CUSIP: 000000000<br>LEI: 5493004R83R1LVX2IL36 | N/A              | DE               |  | US        |       -14 | NC      | $-6021.73     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| adidas AG                           | adidas AG                                                  | CUSIP: 000000000<br>LEI: 549300JSX0Z4CW0V5023 | Long             | EC               | CORP              | DE        |      8703 | NS      | $1183883.23   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Worldline SA/France                 | Worldline SA/France                                        | CUSIP: 000000000<br>LEI: 549300CJMQNCA0U4TS33 | Long             | EC               | CORP              | FR        |     63309 | NS      | $2468204.26   | 1.60%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Rentokil Initial PLC                | Rentokil Initial PLC                                       | CUSIP: 000000000<br>LEI: 549300VN4WV7Z6T14K68 | Long             | EC               | CORP              | GB        |    476634 | NS      | $2912583.69   | 1.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Cellnex Telecom SA                  | Cellnex Telecom SA                                         | CUSIP: 000000000<br>LEI: 5493008T4YG3AQUI7P67 | Long             | EC               | CORP              | ES        |     72560 | NS      | $2394433.23   | 1.56%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Air Liquide SA                      | Air Liquide SA                                             | CUSIP: 000000000<br>LEI: 969500MMPQVHK671GT54 | Long             | EC               | CORP              | FR        |     25167 | NS      | $3556193.68   | 2.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Nestle SA                           | Nestle SA                                                  | CUSIP: 000000000<br>LEI: KY37LUS27QQX7BB93L28 | Long             | EC               | CORP              | CH        |     50009 | NS      | $5791141.66   | 3.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Secom Co Ltd                        | Secom Co Ltd                                               | CUSIP: 000000000<br>LEI: 529900TYCL9N3E9PGE47 | Long             | EC               | CORP              | JP        |     11900 | NS      | $680296.34    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Murata Manufacturing Co Ltd         | Murata Manufacturing Co Ltd                                | CUSIP: 000000000<br>LEI: 529900QZG6DL8ZRI7140 | Long             | EC               | CORP              | JP        |     36891 | NS      | $1841963.76   | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Assa Abloy AB                       | Assa Abloy AB                                              | CUSIP: 000000000<br>LEI: 549300YECS8HKCIMMB67 | Long             | EC               | CORP              | SE        |    136136 | NS      | $2922752.84   | 1.90%             |  |  |  | No            |                  1 | On Loan: No      |
| London Stock Exchange Group PLC     | London Stock Exchange Group PLC                            | CUSIP: 000000000<br>LEI: 213800QAUUUP6I445N30 | Long             | EC               | CORP              | GB        |     39571 | NS      | $3396734.08   | 2.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Recruit Holdings Co Ltd             | Recruit Holdings Co Ltd                                    | CUSIP: 000000000<br>LEI: 353800R2LRSMVVC4I806 | Long             | EC               | CORP              | JP        |     87500 | NS      | $2769998.86   | 1.80%             |  |  |  | No            |                  1 | On Loan: No      |
| AstraZeneca PLC                     | AstraZeneca PLC                                            | CUSIP: 000000000<br>LEI: PY6ZZQWO2IZFZC3IOL08 | Long             | EC               | CORP              | GB        |     45617 | NS      | $6155620.50   | 4.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Sika AG                             | Sika AG                                                    | CUSIP: 000000000<br>LEI: 549300R3N69ECGYPU434 | Long             | EC               | CORP              | CH        |      8545 | NS      | $2047585.93   | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| ING Groep NV                        | ING Groep NV                                               | CUSIP: 000000000<br>LEI: 549300NYKK9MWM7GGW15 | Long             | EC               | CORP              | NL        |    271635 | NS      | $3301407.68   | 2.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Galp Energia SGPS SA                | Galp Energia SGPS SA                                       | CUSIP: 000000000<br>LEI: 2138003319Y7NM75FG53 | Long             | EC               | CORP              | PT        |    102499 | NS      | $1379433.24   | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Nidec Corp                          | Nidec Corp                                                 | CUSIP: 000000000<br>LEI: 353800IF171MZTNL6Y31 | Long             | EC               | CORP              | JP        |     12973 | NS      | $672419.17    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Ashtead Group PLC                   | Ashtead Group PLC                                          | CUSIP: 000000000<br>LEI: 2138007UTBN8X9K1A235 | Long             | EC               | CORP              | GB        |     44359 | NS      | $2518566.53   | 1.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Komatsu Ltd                         | Komatsu Ltd                                                | CUSIP: 000000000<br>LEI: 5493004LQ0B4T7QPQV17 | Long             | EC               | CORP              | JP        |    141200 | NS      | $3077730.87   | 2.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Itau Unibanco Holding SA            | Itau Unibanco Holding SA                                   | CUSIP: 465562106<br>LEI: 5493002W2IVG62O3ZJ94 | Long             | EC               | CORP              | BR        |    161785 | NS      | $762007.35    | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Hoya Corp                           | Hoya Corp                                                  | CUSIP: 000000000<br>LEI: 353800X4VR3BHEUCJB42 | Long             | EC               | CORP              | JP        |     23652 | NS      | $2277453.94   | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Shiseido Co Ltd                     | Shiseido Co Ltd                                            | CUSIP: 000000000<br>LEI: 5299008QCD0YDT5OF506 | Long             | EC               | CORP              | JP        |     50062 | NS      | $2455198.77   | 1.60%             |  |  |  | No            |                  1 | On Loan: No      |
| United Overseas Bank Ltd            | United Overseas Bank Ltd                                   | CUSIP: 000000000<br>LEI: IO66REGK3RCBAMA8HR66 | Long             | EC               | CORP              | SG        |    146800 | NS      | $3360244.56   | 2.18%             |  |  |  | No            |                  1 | On Loan: No      |
| EssilorLuxottica SA                 | EssilorLuxottica SA                                        | CUSIP: 000000000<br>LEI: 549300M3VH1A3ER1TB49 | Long             | EC               | CORP              | FR        |     16108 | NS      | $2908760.41   | 1.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Cie de Saint-Gobain                 | Cie de Saint-Gobain                                        | CUSIP: 000000000<br>LEI: NFONVGN05Z0FMN5PEC35 | Long             | EC               | CORP              | FR        |     57019 | NS      | $2777962.31   | 1.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Dassault Systemes SE                | Dassault Systemes SE                                       | CUSIP: 000000000<br>LEI: 96950065LBWY0APQIM86 | Long             | EC               | CORP              | FR        |     64306 | NS      | $2298780.21   | 1.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Prudential PLC                      | Prudential PLC                                             | CUSIP: 000000000<br>LEI: 5493001Z3ZE83NGK8Y12 | Long             | EC               | CORP              | GB        |    190898 | NS      | $2589092.76   | 1.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Novartis AG                         | Novartis AG                                                | CUSIP: 000000000<br>LEI: 5493007HIVTX6SY6XD66 | Long             | EC               | CORP              | CH        |     59146 | NS      | $5343724.75   | 3.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Koninklijke DSM NV                  | Koninklijke DSM NV                                         | CUSIP: 000000000<br>LEI: 724500SNT1MK246AHP04 | Long             | EC               | CORP              | NL        |     23198 | NS      | $2829845.63   | 1.84%             |  |  |  | No            |                  1 | On Loan: No      |
| AIA Group Ltd                       | AIA Group Ltd                                              | CUSIP: 000000000<br>LEI: ZP5ILWVSYE4LJGMMVD57 | Long             | EC               | CORP              | HK        |    429767 | NS      | $4779502.19   | 3.11%             |  |  |  | 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        |   1192777 | NS      | $1192777.29   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Safran SA                           | Safran SA                                                  | CUSIP: 000000000<br>LEI: 969500UIC89GT3UL7L24 | Long             | EC               | CORP              | FR        |     29295 | NS      | $3655512.56   | 2.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Tokio Marine Holdings Inc           | Tokio Marine Holdings Inc                                  | CUSIP: 000000000<br>LEI: 5299009QN2NZ191KLS29 | Long             | EC               | CORP              | JP        |    166494 | NS      | $3567863.77   | 2.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Schneider Electric SE               | Schneider Electric SE                                      | CUSIP: 000000000<br>LEI: 969500A1YF1XUYYXS284 | Long             | EC               | CORP              | FR        |     26495 | NS      | $3696340.19   | 2.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Equinor ASA                         | Equinor ASA                                                | CUSIP: 000000000<br>LEI: OW6OFBNCKXC4US5C7523 | Long             | EC               | CORP              | NO        |     77309 | NS      | $2760867.55   | 1.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Infineon Technologies AG            | Infineon Technologies AG                                   | CUSIP: 000000000<br>LEI: TSI2PJM6EPETEQ4X1U25 | Long             | EC               | CORP              | DE        |     88586 | NS      | $2687867.91   | 1.75%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2023-01-18

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

**Signature:** Arthur Jensen

**Name of Signer:** Arthur Jensen

**Title:** Deputy Treasurer