# EDGAR Filing Document

**Accession Number:** 0000948258
**File Stem:** 0001752724-25-189533
**Filing Date:** 2025-8
**Character Count:** 35377
**Document Hash:** 606bea575f0cea6e63bbec6893b8e148
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-189533.hdr.sgml**: 20250815

**ACCESSION NUMBER**: 0001752724-25-189533

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250815

**DATE AS OF CHANGE**: 20250815

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** M FUND INC
- **CENTRAL INDEX KEY:** 0000948258

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-09082
- **FILM NUMBER:** 251223152

**BUSINESS ADDRESS:**
- **STREET 1:** 1125 NW COUCH STREET
- **STREET 2:** SUITE 900
- **CITY:** PORTLAND
- **STATE:** OR
- **ZIP:** 97209
- **BUSINESS PHONE:** 5032326960

**MAIL ADDRESS:**
- **STREET 1:** 1125 NW COUCH STREET
- **STREET 2:** SUITE 900
- **CITY:** PORTLAND
- **STATE:** OR
- **ZIP:** 97209

## Series and Classes Contracts Data

### M Large Cap Growth Fund (Series ID: S000006154)

| Class ID   | Class Name              | Ticker Symbol   |
|:---|:---|:---|
| C000016961 | M Large Cap Growth Fund | MTCGX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** M FUND INC

- **b. Investment Company Act file number:** 811-09082

- **c. CIK number of Registrant:** 0000948258

- **d. LEI of Registrant:** 5493007H7VIH3Y9VBE66

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

  - **Street Address 1:** 1125 NW COUCH STREET,

  - **City:** PORTLAND

  - **State:** OR

  - **Foreign country:** US

  - **Zip / Postal Code:** 97209

  - **Telephone number:** 888-736-2878

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

- **a. Name of Series:** M Large Cap Growth Fund

- **b. EDGAR series identifier (if any):** S000006154

- **c. LEI of Series:** 549300UNDINA1ZQ5U015

**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:** $293904460.65

**Total Liabilities:** $184291.24

**Net Assets:** $293720169.41

**Cash Not Reported:** $2886758.95

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000016961 | 2.19%                | 10.06%               | 6.40%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-5445678.27             | $11070425.59                               |
| Month 2  | $49417470.32             | $-23261063.40                              |
| Month 3  | $3129125.47              | $14561660.38                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Pure Storage Inc                  | Pure Storage, Inc.                  | CUSIP: 74624M102<br>LEI: 549300NPDB0BZTK3WO90 | Long             | EC               | CORP              | US        |     12540 | NS      | $722053.20    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| EPAM Systems Inc                  | EPAM Systems, Inc.                  | CUSIP: 29414B104<br>LEI: 549300XCR4R530HJP604 | Long             | EC               | CORP              | US        |      4888 | NS      | $864296.16    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Salesforce Inc                    | Salesforce, Inc.                    | CUSIP: 79466L302<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | EC               | CORP              | US        |      7717 | NS      | $2104348.73   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Intuit Inc                        | Intuit, Inc.                        | CUSIP: 461202103<br>LEI: VI90HBPH7XSFMB9E4M29 | Long             | EC               | CORP              | US        |       771 | NS      | $607262.73    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Vistra Corp                       | Vistra Corp.                        | CUSIP: 92840M102<br>LEI: 549300KP43CPCUJOOG15 | Long             | EC               | CORP              | US        |      3515 | NS      | $681242.15    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| MSCI Inc                          | MSCI, Inc.                          | CUSIP: 55354G100<br>LEI: 549300HTIN2PD78UB763 | Long             | EC               | CORP              | US        |       760 | NS      | $438322.40    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Progressive Corp/The              | Progressive Corp.                   | CUSIP: 743315103<br>LEI: 529900TACNVLY9DCR586 | Long             | EC               | CORP              | US        |      8024 | NS      | $2141284.64   | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Atlassian Corp                    | Atlassian Corp.                     | CUSIP: 049468101<br>LEI: 549300V7ZY5P02D2MY38 | Long             | EC               | CORP              | US        |      1384 | NS      | $281076.56    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Vertex Pharmaceuticals Inc        | Vertex Pharmaceuticals, Inc.        | CUSIP: 92532F100<br>LEI: 54930015RAQRRZ5ZGJ91 | Long             | EC               | CORP              | US        |      1788 | NS      | $796017.60    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| McDonald's Corp                   | McDonald's Corp.                    | CUSIP: 580135101<br>LEI: UE2136O97NLB5BYP9H04 | Long             | EC               | CORP              | US        |       355 | NS      | $103720.35    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| NetApp Inc                        | NetApp, Inc.                        | CUSIP: 64110D104<br>LEI: QTX3D84DZDD5JYOCYH15 | Long             | EC               | CORP              | US        |     11500 | NS      | $1225325.00   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Clorox Co/The                     | Clorox Co.                          | CUSIP: 189054109<br>LEI: 54930044KVSC06Z79I06 | Long             | EC               | CORP              | US        |      2098 | NS      | $251906.86    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| StoneCo Ltd                       | StoneCo Ltd.                        | CUSIP: 000000000<br>LEI: 549300O1A9LEF0XZCR35 | Long             | EC               | CORP              | KY        |     73223 | NS      | $1174496.92   | 0.40%             |  |  |  | No            |                  1 | On Loan: —       |
| Zscaler Inc                       | Zscaler, Inc.                       | CUSIP: 98980G102<br>LEI: 529900MZ0RTK1BWRNF46 | Long             | EC               | CORP              | US        |      9171 | NS      | $2879143.74   | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| AbbVie Inc                        | AbbVie, Inc.                        | CUSIP: 00287Y109<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | EC               | CORP              | US        |     14254 | NS      | $2645827.48   | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Ryan Specialty Holdings Inc       | Ryan Specialty Holdings, Inc.       | CUSIP: 78351F107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      9940 | NS      | $675820.60    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Costco Wholesale Corp             | Costco Wholesale Corp.              | CUSIP: 22160K105<br>LEI: 29DX7H14B9S6O3FD6V18 | Long             | EC               | CORP              | US        |      6957 | NS      | $6887012.58   | 2.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Cava Group Inc                    | Cava Group, Inc.                    | CUSIP: 148929102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2979 | NS      | $250921.17    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Uber Technologies Inc             | Uber Technologies, Inc.             | CUSIP: 90353T100<br>LEI: 549300B2FTG34FILDR98 | Long             | EC               | CORP              | US        |     10574 | NS      | $986554.20    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Teradyne Inc                      | Teradyne, Inc.                      | CUSIP: 880770102<br>LEI: C3X4YJ278QNZHRJULN75 | Long             | EC               | CORP              | US        |     49562 | NS      | $4456615.04   | 1.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Western Union Co/The              | Western Union Co.                   | CUSIP: 959802109<br>LEI: 28ID94QU1140NC23S047 | Long             | EC               | CORP              | US        |     49606 | NS      | $417682.52    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| eBay Inc                          | eBay, Inc.                          | CUSIP: 278642103<br>LEI: OML71K8X303XQONU6T67 | Long             | EC               | CORP              | US        |      7590 | NS      | $565151.40    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Arch Capital Group Ltd            | Arch Capital Group Ltd.             | CUSIP: 000000000<br>LEI: 549300AYR4P8AFKDCE43 | Long             | EC               | CORP              | BM        |      1618 | NS      | $147318.90    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| HubSpot Inc                       | HubSpot, Inc.                       | CUSIP: 443573100<br>LEI: 529900BLNVEW0MVKJB37 | Long             | EC               | CORP              | US        |       210 | NS      | $116892.30    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Spotify Technology SA             | Spotify Technology SA               | CUSIP: 000000000<br>LEI: 549300B4X0JHWV0DTD60 | Long             | EC               | CORP              | LU        |      8177 | NS      | $6274539.18   | 2.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Celanese Corp                     | Celanese Corp.                      | CUSIP: 150870103<br>LEI: 549300FHJQTDPPN41627 | Long             | EC               | CORP              | US        |     56627 | NS      | $3133171.91   | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Cintas Corp                       | Cintas Corp.                        | CUSIP: 172908105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1167 | NS      | $260089.29    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Paycom Software Inc               | Paycom Software, Inc.               | CUSIP: 70432V102<br>LEI: 254900LSB0HNJUDC6Q18 | Long             | EC               | CORP              | US        |     10050 | NS      | $2325570.00   | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| ZoomInfo Technologies Inc         | ZoomInfo Technologies, Inc.         | CUSIP: 98980F104<br>LEI: 2549008GSAHW4UWFEM58 | Long             | EC               | CORP              | US        |     37585 | NS      | $380360.20    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Enphase Energy Inc                | Enphase Energy, Inc.                | CUSIP: 29355A107<br>LEI: 5493008U7KIGMI59Z314 | Long             | EC               | CORP              | US        |     14770 | NS      | $585630.50    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Dell Technologies Inc             | Dell Technologies, Inc.             | CUSIP: 24703L202<br>LEI: 549300TJB5YBRUPOG437 | Long             | EC               | CORP              | US        |     13198 | NS      | $1618074.80   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc                      | Alphabet, Inc.                      | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |     95502 | NS      | $16830317.46  | 5.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Estee Lauder Cos Inc/The          | Estee Lauder Cos., Inc.             | CUSIP: 518439104<br>LEI: 549300VFZ8XJ9NUPU221 | Long             | EC               | CORP              | US        |     35572 | NS      | $2874217.60   | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Visa Inc                          | Visa, Inc.                          | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |      5952 | NS      | $2113257.60   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Allison Transmission Holdings Inc | Allison Transmission Holdings, Inc. | CUSIP: 01973R101<br>LEI: 529900RP7DJ882LI9T83 | Long             | EC               | CORP              | US        |     25420 | NS      | $2414645.80   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| TripAdvisor Inc                   | TripAdvisor, Inc.                   | CUSIP: 896945201<br>LEI: 549300XVG45PT5BART17 | Long             | EC               | CORP              | US        |      6615 | NS      | $86325.75     | 0.03%             |  |  |  | No            |                  1 | On Loan: —       |
| Lockheed Martin Corp              | Lockheed Martin Corp.               | CUSIP: 539830109<br>LEI: DPRBOZP0K5RM2YE8UU08 | Long             | EC               | CORP              | US        |       598 | NS      | $276957.72    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Royal Caribbean Cruises Ltd       | Royal Caribbean Cruises Ltd.        | CUSIP: 000000000<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | EC               | CORP              | LR        |      2683 | NS      | $840154.62    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corp                    | Microsoft Corp.                     | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |     62584 | NS      | $31129907.44  | 10.60%            |  |  |  | No            |                  1 | On Loan: No      |
| Align Technology Inc              | Align Technology, Inc.              | CUSIP: 016255101<br>LEI: 549300N5YSE0U3LCP840 | Long             | EC               | CORP              | US        |     10723 | NS      | $2030185.59   | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Trane Technologies PLC            | Trane Technologies PLC              | CUSIP: 000000000<br>LEI: 549300BURLR9SLYY2705 | Long             | EC               | CORP              | IE        |      2202 | NS      | $963176.82    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA Corp                       | NVIDIA Corp.                        | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |    166195 | NS      | $26257148.05  | 8.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Adobe Inc                         | Adobe, Inc.                         | CUSIP: 00724F101<br>LEI: FU4LY2G4933NH2E1CP29 | Long             | EC               | CORP              | US        |     10639 | NS      | $4116016.32   | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Duolingo Inc                      | Duolingo, Inc.                      | CUSIP: 26603R106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       658 | NS      | $269793.16    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| O'Reilly Automotive Inc           | O'Reilly Automotive, Inc.           | CUSIP: 67103H107<br>LEI: 549300K2RLMQL149Q332 | Long             | EC               | CORP              | US        |      2865 | NS      | $258222.45    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Illumina Inc                      | Illumina, Inc.                      | CUSIP: 452327109<br>LEI: SQ95QG8SR5Q56LSNF682 | Long             | EC               | CORP              | US        |      8690 | NS      | $829112.90    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Fortinet Inc                      | Fortinet, Inc.                      | CUSIP: 34959E109<br>LEI: 549300O0QJWDBAS0QX03 | Long             | EC               | CORP              | US        |     53213 | NS      | $5625678.36   | 1.92%             |  |  |  | No            |                  1 | On Loan: No      |
| GoDaddy Inc                       | GoDaddy, Inc.                       | CUSIP: 380237107<br>LEI: 549300J8H1TB0I2CB447 | Long             | EC               | CORP              | US        |     19808 | NS      | $3566628.48   | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Nutanix Inc                       | Nutanix, Inc.                       | CUSIP: 67059N108<br>LEI: 549300X7J6E8TKVIXW09 | Long             | EC               | CORP              | US        |     63202 | NS      | $4831160.88   | 1.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Palantir Technologies Inc         | Palantir Technologies, Inc.         | CUSIP: 69608A108<br>LEI: 549300UVN46B3BBDHO85 | Long             | EC               | CORP              | US        |     14426 | NS      | $1966552.32   | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Marvell Technology Inc            | Marvell Technology, Inc.            | CUSIP: 573874104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     14894 | NS      | $1152795.60   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| TJX Cos Inc/The                   | TJX Cos., Inc.                      | CUSIP: 872540109<br>LEI: V167QI9I69W364E2DY52 | Long             | EC               | CORP              | US        |      2508 | NS      | $309712.92    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Incyte Corp                       | Incyte Corp.                        | CUSIP: 45337C102<br>LEI: 549300Z4WN6JVZ3T4680 | Long             | EC               | CORP              | US        |     16348 | NS      | $1113298.80   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| DoorDash Inc                      | DoorDash, Inc.                      | CUSIP: 25809K105<br>LEI: 549300NUQ43FGGSK5051 | Long             | EC               | CORP              | US        |     17201 | NS      | $4240218.51   | 1.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Netflix Inc                       | Netflix, Inc.                       | CUSIP: 64110L106<br>LEI: 549300Y7VHGU0I7CE873 | Long             | EC               | CORP              | US        |      2750 | NS      | $3682607.50   | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Mastercard Inc                    | Mastercard, Inc.                    | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               | CORP              | US        |      1444 | NS      | $811441.36    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadcom Inc                      | Broadcom, Inc.                      | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |     45880 | NS      | $12646822.00  | 4.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Amgen Inc                         | Amgen, Inc.                         | CUSIP: 031162100<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | EC               | CORP              | US        |     12103 | NS      | $3379278.63   | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Tesla Inc                         | Tesla, Inc.                         | CUSIP: 88160R101<br>LEI: 54930043XZGB27CTOV49 | Long             | EC               | CORP              | US        |     10556 | NS      | $3353218.96   | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Veralto Corp                      | Veralto Corp.                       | CUSIP: 92338C103<br>LEI: 635400FJE6GSOJUSNY27 | Long             | EC               | CORP              | US        |     44552 | NS      | $4497524.40   | 1.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Arista Networks Inc               | Arista Networks, Inc.               | CUSIP: 040413205<br>LEI: 635400H1WKBLOQERUU95 | Long             | EC               | CORP              | US        |     18343 | NS      | $1876672.33   | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Domino's Pizza Inc                | Domino's Pizza, Inc.                | CUSIP: 25754A201<br>LEI: 25490005ZWM1IF9UXU57 | Long             | EC               | CORP              | US        |       352 | NS      | $158611.20    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs Group Inc/The       | Goldman Sachs Group, Inc.           | CUSIP: 38141G104<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | EC               | CORP              | US        |      1463 | NS      | $1035438.25   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Acuity Inc                        | Acuity, Inc.                        | CUSIP: 00508Y102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2367 | NS      | $706170.78    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| ServiceNow Inc                    | ServiceNow, Inc.                    | CUSIP: 81762P102<br>LEI: 549300HJTQM36M0E1G39 | Long             | EC               | CORP              | US        |       789 | NS      | $811155.12    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Dexcom Inc                        | Dexcom, Inc.                        | CUSIP: 252131107<br>LEI: 549300YSK3QDSFR5EU59 | Long             | EC               | CORP              | US        |     39195 | NS      | $3421331.55   | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| General Electric Co               | General Electric Co.                | CUSIP: 369604301<br>LEI: 3C7474T6CDKPR9K6YT90 | Long             | EC               | CORP              | US        |       575 | NS      | $147999.25    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Meta Platforms Inc                | Meta Platforms, Inc.                | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |     15500 | NS      | $11440395.00  | 3.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Lululemon Athletica Inc           | Lululemon Athletica, Inc.           | CUSIP: 550021109<br>LEI: 549300D9GZ4BMLDW5T40 | Long             | EC               | CORP              | US        |      2772 | NS      | $658571.76    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Sarepta Therapeutics Inc          | Sarepta Therapeutics, Inc.          | CUSIP: 803607100<br>LEI: 549300IKDPIED8J8IG21 | Long             | EC               | CORP              | US        |      4418 | NS      | $75547.80     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Oracle Corp                       | Oracle Corp.                        | CUSIP: 68389X105<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | EC               | CORP              | US        |      4215 | NS      | $921525.45    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Gitlab Inc                        | Gitlab, Inc.                        | CUSIP: 37637K108<br>LEI: 9845004Y40FACG81ED49 | Long             | EC               | CORP              | US        |      4633 | NS      | $208994.63    | 0.07%             |  |  |  | No            |                  1 | On Loan: —       |
| Autodesk Inc                      | Autodesk, Inc.                      | CUSIP: 052769106<br>LEI: FRKKVKAIQEF3FCSTPG55 | Long             | EC               | CORP              | US        |      1333 | NS      | $412656.81    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Flowers Foods Inc                 | Flowers Foods, Inc.                 | CUSIP: 343498101<br>LEI: 7YNCQQNDK8FBM9BBTK25 | Long             | EC               | CORP              | US        |      9218 | NS      | $147303.64    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Cardinal Health Inc               | Cardinal Health, Inc.               | CUSIP: 14149Y108<br>LEI: CCU46N3GJMF4OK4N7U60 | Long             | EC               | CORP              | US        |      6467 | NS      | $1086456.00   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Cencora Inc                       | Cencora, Inc.                       | CUSIP: 03073E105<br>LEI: AI8GXW8LG5WK7E9UD086 | Long             | EC               | CORP              | US        |      7273 | NS      | $2180809.05   | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Palo Alto Networks Inc            | Palo Alto Networks, Inc.            | CUSIP: 697435105<br>LEI: 549300QXR2YVZV231H43 | Long             | EC               | CORP              | US        |     17652 | NS      | $3612305.28   | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Yum! Brands Inc                   | Yum! Brands, Inc.                   | CUSIP: 988498101<br>LEI: 549300JE8XHZZ7OHN517 | Long             | EC               | CORP              | US        |       595 | NS      | $88167.10     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Live Nation Entertainment Inc     | Live Nation Entertainment, Inc.     | CUSIP: 538034109<br>LEI: 5493007B9BM9ZXJINO78 | Long             | EC               | CORP              | US        |      2934 | NS      | $443855.52    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Maplebear Inc                     | Maplebear, Inc.                     | CUSIP: 565394103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     20776 | NS      | $939906.24    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                    | Morgan Stanley                      | CUSIP: 617446448<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EC               | CORP              | US        |     13386 | NS      | $1885551.96   | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Ulta Beauty Inc                   | Ulta Beauty, Inc.                   | CUSIP: 90384S303<br>LEI: 529900CIV6HN8M28YM82 | Long             | EC               | CORP              | US        |      2043 | NS      | $955756.26    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| QUALCOMM Inc                      | QUALCOMM, Inc.                      | CUSIP: 747525103<br>LEI: H1J8DDZKZP6H7RWC0H53 | Long             | EC               | CORP              | US        |     27426 | NS      | $4367864.76   | 1.49%             |  |  |  | No            |                  1 | On Loan: No      |
| AutoZone Inc                      | AutoZone, Inc.                      | CUSIP: 053332102<br>LEI: GA3JGKJ41LJKXDN23E90 | Long             | EC               | CORP              | US        |       143 | NS      | $530848.89    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Ameriprise Financial Inc          | Ameriprise Financial, Inc.          | CUSIP: 03076C106<br>LEI: 6ZLKQF7QB6JAEKQS5388 | Long             | EC               | CORP              | US        |     12273 | NS      | $6550468.29   | 2.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Five Below Inc                    | Five Below, Inc.                    | CUSIP: 33829M101<br>LEI: 529900AAXP5Z6BGI7418 | Long             | EC               | CORP              | US        |     21763 | NS      | $2854870.34   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Weatherford International PLC     | Weatherford International PLC       | CUSIP: 000000000<br>LEI: 529900LPBDSCQDJKHQ39 | Long             | EC               | CORP              | IE        |      7025 | NS      | $353427.75    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| KLA Corp                          | KLA Corp.                           | CUSIP: 482480100<br>LEI: 549300H0BF5JCG96TJ81 | Long             | EC               | CORP              | US        |       476 | NS      | $426372.24    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| ROBLOX Corp                       | ROBLOX Corp.                        | CUSIP: 771049103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     23901 | NS      | $2514385.20   | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple Inc                         | Apple, Inc.                         | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |    104906 | NS      | $21523564.02  | 7.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Regeneron Pharmaceuticals Inc     | Regeneron Pharmaceuticals, Inc.     | CUSIP: 75886F107<br>LEI: 549300RCBFWIRX3HYQ56 | Long             | EC               | CORP              | US        |      4904 | NS      | $2574600.00   | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| AppLovin Corp                     | AppLovin Corp.                      | CUSIP: 03831W108<br>LEI: 549300LLVXMUAOL3SQ07 | Long             | EC               | CORP              | US        |      3445 | NS      | $1206025.60   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Murphy USA Inc                    | Murphy USA, Inc.                    | CUSIP: 626755102<br>LEI: 549300Y081F8XIKQIO72 | Long             | EC               | CORP              | US        |      1394 | NS      | $567079.20    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Kimberly-Clark Corp               | Kimberly-Clark Corp.                | CUSIP: 494368103<br>LEI: MP3J6QPYPGN75NVW2S34 | Long             | EC               | CORP              | US        |      1821 | NS      | $234763.32    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Deckers Outdoor Corp              | Deckers Outdoor Corp.               | CUSIP: 243537107<br>LEI: 5493008LG4W3I6K8J118 | Long             | EC               | CORP              | US        |     17975 | NS      | $1852683.25   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Merck & Co Inc                    | Merck & Co., Inc.                   | CUSIP: 58933Y105<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | EC               | CORP              | US        |      7678 | NS      | $607790.48    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Eli Lilly & Co                    | Eli Lilly & Co.                     | CUSIP: 532457108<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | EC               | CORP              | US        |      1769 | NS      | $1378988.57   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| SharkNinja Inc                    | SharkNinja, Inc.                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |     15115 | NS      | $1496233.85   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Amazon.com Inc                    | Amazon.com, Inc.                    | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |     91168 | NS      | $20001347.52  | 6.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Onto Innovation Inc               | Onto Innovation, Inc.               | CUSIP: 683344105<br>LEI: 254900RXZVN73CHOO062 | Long             | EC               | CORP              | US        |      2245 | NS      | $226587.85    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-07-15

**Name of Applicant:** M FUND INC

**Signature:** Hannah Hasbrook

**Name of Signer:** Hannah Hasbrook

**Title:** M Fund Administration Manager