# EDGAR Filing Document

**Accession Number:** 0000916620
**File Stem:** 0002066578-25-001571
**Filing Date:** 2025-11
**Character Count:** 54064
**Document Hash:** 11232c504ec4fc84fb0e7bf2fed6d8cc
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002066578-25-001571.hdr.sgml**: 20251121

**ACCESSION NUMBER**: 0002066578-25-001571

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251121

**DATE AS OF CHANGE**: 20251121

**PERIOD START**: 20260331

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** NORTHERN FUNDS
- **CENTRAL INDEX KEY:** 0000916620

**ORGANIZATION NAME:**
- **EIN:** 391777365
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0331

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-08236
- **FILM NUMBER:** 251506535

**BUSINESS ADDRESS:**
- **STREET 1:** NORTHERN FUNDS
- **STREET 2:** 50 SOUTH LASALLE STREET
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60603
- **BUSINESS PHONE:** 800-595-9111

**MAIL ADDRESS:**
- **STREET 1:** NORTHERN FUNDS
- **STREET 2:** 50 SOUTH LASALLE STREET
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60603

## Series and Classes Contracts Data

### LARGE CAP CORE FUND (Series ID: S000001243)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000003389 | LARGE CAP CORE FUND | NOLCX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Northern Funds

- **b. Investment Company Act file number:** 811-08236

- **c. CIK number of Registrant:** 0000916620

- **d. LEI of Registrant:** 5493004ZY1PEJR3C0A81

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

  - **Street Address 1:** 50 South LaSalle Street

  - **City:** Chicago

  - **State:** IL

  - **Foreign country:** US

  - **Zip / Postal Code:** 60603

  - **Telephone number:** 800-595-9111

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

- **a. Name of Series:** Large Cap Core Fund

- **b. EDGAR series identifier (if any):** S000001243

- **c. LEI of Series:** 549300HY1O3IY4P7XW24

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

- **a. Date of fiscal year-end:** 2026-03-31

- **b. Date as of which information is reported:** 2025-09-30

**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:** $344008124.40

**Total Liabilities:** $99904.48

**Net Assets:** $343908219.92

**Cash Not Reported:** $258891.44

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000003389 | 2.93%                | 2.27%                | 4.27%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $4317858.40              | $4445718.95                                |
| Month 2  | $2534855.62              | $4327375.12                                |
| Month 3  | $2294907.54              | $11273677.64                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| CITIGROUP INC                 | CITIGROUP INC             | CUSIP: 172967424<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | EC               | CORP              | US        |     24270 | NS      | $2463405.00   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| HALOZYME THERAPEUTICS INC     | HALOZYME THERAPEUTICS INC | CUSIP: 40637H109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5438 | NS      | $398822.92    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| BANK OF NEW YORK MELLON C     | BANK OF NEW YORK MELLON C | CUSIP: 064058100<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | EC               | CORP              | US        |     23807 | NS      | $2594010.72   | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| GENPACT LTD                   | GENPACT LTD               | CUSIP: G3922B107<br>LEI: 529900OSEC6Q0L4L5B35 | Long             | EC               | CORP              | BM        |     15669 | NS      | $656374.41    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| RALPH LAUREN CORP             | RALPH LAUREN CORP         | CUSIP: 751212101<br>LEI: HO1QNWM0IXBZ0QSMMO20 | Long             | EC               | CORP              | US        |      4579 | NS      | $1435791.24   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| EXPEDIA GRP. INC              | EXPEDIA GRP. INC          | CUSIP: 30212P303<br>LEI: CI7MUJI4USF3V0NJ1H64 | Long             | EC               | CORP              | US        |      1036 | NS      | $221445.00    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| ULTA BEAUTY INC               | ULTA BEAUTY INC           | CUSIP: 90384S303<br>LEI: 529900CIV6HN8M28YM82 | Long             | EC               | CORP              | US        |      2294 | NS      | $1254244.50   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| PHILIP MORRIS INTL. INC       | PHILIP MORRIS INTL. INC   | CUSIP: 718172109<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | EC               | CORP              | US        |     11273 | NS      | $1828480.60   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| DOLLAR TREE INC               | DOLLAR TREE INC           | CUSIP: 256746108<br>LEI: 549300PMSTQITB1WHR43 | Long             | EC               | CORP              | US        |      6829 | NS      | $644452.73    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| VISA INC                      | VISA INC                  | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |      4999 | NS      | $1706558.62   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERICAN INTL. GRP. INC       | AMERICAN INTL. GRP. INC   | CUSIP: 026874784<br>LEI: ODVCVCQG2BP6VHV36M30 | Long             | EC               | CORP              | US        |      4757 | NS      | $373614.78    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| GENERAL MOTORS CO             | GENERAL MOTORS CO         | CUSIP: 37045V100<br>LEI: 54930070NSV60J38I987 | Long             | EC               | CORP              | US        |      2229 | NS      | $135902.13    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| INGREDION INC                 | INGREDION INC             | CUSIP: 457187102<br>LEI: PKSTQ48QDN0XSVS7YK88 | Long             | EC               | CORP              | US        |     12910 | NS      | $1576440.10   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| EPR PROPERTIES                | EPR PROPERTIES            | CUSIP: 26884U109<br>LEI: 549300YSSXFHMPOWZ492 | Long             | EC               | CORP              | US        |     18406 | NS      | $1067732.06   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| VALERO ENERGY CORP            | VALERO ENERGY CORP        | CUSIP: 91913Y100<br>LEI: 549300XTO5VR8SKV1V74 | Long             | EC               | CORP              | US        |       217 | NS      | $36946.42     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| APPLE INC                     | APPLE INC                 | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |     93622 | NS      | $23838969.86  | 6.93%             |  |  |  | No            |                  1 | On Loan: No      |
| APPLIED MATS. INC             | APPLIED MATS. INC         | CUSIP: 038222105<br>LEI: 41BNNE1AFPNAZELZ6K07 | Long             | EC               | CORP              | US        |      2040 | NS      | $417669.60    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| COGNIZANT TECH. SOLS. COR     | COGNIZANT TECH. SOLS. COR | CUSIP: 192446102<br>LEI: 5493006IEVQEFQO40L83 | Long             | EC               | CORP              | US        |     10079 | NS      | $675998.53    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| BRISTOL-MYERS SQUIBB CO       | BRISTOL-MYERS SQUIBB CO   | CUSIP: 110122108<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | EC               | CORP              | US        |     20567 | NS      | $927571.70    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| AMPHENOL CORP                 | AMPHENOL CORP             | CUSIP: 032095101<br>LEI: 549300D3L3G0R4U4VT04 | Long             | EC               | CORP              | US        |      4762 | NS      | $589297.50    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITED PARCEL SERV. INC       | UNITED PARCEL SERV. INC   | CUSIP: 911312106<br>LEI: D01LMJZU09ULLNCY6Z23 | Long             | EC               | CORP              | US        |        77 | NS      | $6431.81      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| CISCO SYS. INC                | CISCO SYS. INC            | CUSIP: 17275R102<br>LEI: 549300LKFJ962MZ46593 | Long             | EC               | CORP              | US        |     55294 | NS      | $3783215.48   | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| GLOBAL PAYMENTS INC           | GLOBAL PAYMENTS INC       | CUSIP: 37940X102<br>LEI: 549300NOMHGVQBX6S778 | Long             | EC               | CORP              | US        |     10546 | NS      | $876161.68    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| SYSCO CORP                    | SYSCO CORP                | CUSIP: 871829107<br>LEI: 5RGWIFLMGH3YS7KWI652 | Long             | EC               | CORP              | US        |      1826 | NS      | $150352.84    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| INTERNATIONAL BUSINESS MA     | INTERNATIONAL BUSINESS MA | CUSIP: 459200101<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | EC               | CORP              | US        |       385 | NS      | $108631.60    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY                | MORGAN STANLEY            | CUSIP: 617446448<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EC               | CORP              | US        |       219 | NS      | $34812.24     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| FORD MOTOR CO                 | FORD MOTOR CO             | CUSIP: 345370860<br>LEI: 20S05OYHG0MQM4VUIC57 | Long             | EC               | CORP              | US        |      9469 | NS      | $113249.24    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| FISERV INC                    | FISERV INC                | CUSIP: 337738108<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | EC               | CORP              | US        |        32 | NS      | $4125.76      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| GAP INC/THE                   | GAP INC/THE               | CUSIP: 364760108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       185 | NS      | $3957.15      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| HOME DEPOT INC/THE            | HOME DEPOT INC/THE        | CUSIP: 437076102<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | EC               | CORP              | US        |      3041 | NS      | $1232182.79   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| JABIL INC                     | JABIL INC                 | CUSIP: 466313103<br>LEI: 5493000CGCQY2OQU7669 | Long             | EC               | CORP              | US        |      6707 | NS      | $1456559.19   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| LANDSTAR SYSTEM INC           | LANDSTAR SYSTEM INC       | CUSIP: 515098101<br>LEI: 254900CUQXQRL09MEI52 | Long             | EC               | CORP              | US        |       779 | NS      | $95474.24     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| LOCKHEED MARTIN CORP          | LOCKHEED MARTIN CORP      | CUSIP: 539830109<br>LEI: DPRBOZP0K5RM2YE8UU08 | Long             | EC               | CORP              | US        |      1384 | NS      | $690906.64    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| HOST HOTELS & RESORTS INC     | HOST HOTELS & RESORTS INC | CUSIP: 44107P104<br>LEI: N6EL63S0K3PB1YFTDI24 | Long             | EC               | CORP              | US        |     17779 | NS      | $302598.58    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| VALMONT INDUSTRIES INC        | VALMONT INDUSTRIES INC    | CUSIP: 920253101<br>LEI: 5493009ZGZJJ8F77JN08 | Long             | EC               | CORP              | US        |      4501 | NS      | $1745172.73   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| MICROSOFT CORP                | MICROSOFT CORP            | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |     48536 | NS      | $25139221.20  | 7.31%             |  |  |  | No            |                  1 | On Loan: No      |
| NEWMONT CORP                  | NEWMONT CORP              | CUSIP: 651639106<br>LEI: 549300VSP3RIX7FGDZ51 | Long             | EC               | CORP              | US        |     33799 | NS      | $2849593.69   | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| NVR INC                       | NVR INC                   | CUSIP: 62944T105<br>LEI: 529900RWXR4JI3JYTV70 | Long             | EC               | CORP              | US        |         7 | NS      | $56242.62     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| SLM CORP                      | SLM CORP                  | CUSIP: 78442P106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     24582 | NS      | $680429.76    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| STATE STREET CORP             | STATE STREET CORP         | CUSIP: 857477103<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | EC               | CORP              | US        |     19933 | NS      | $2312427.33   | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| CROWN HLDGS. INC              | CROWN HLDGS. INC          | CUSIP: 228368106<br>LEI: NYLWZIOY8PUNIT4JOE22 | Long             | EC               | CORP              | US        |      2983 | NS      | $288127.97    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| WALMART INC                   | WALMART INC               | CUSIP: 931142103<br>LEI: Y87794H0US1R65VBXU25 | Long             | EC               | CORP              | US        |      5023 | NS      | $517670.38    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| WESTERN DIGITAL CORP          | WESTERN DIGITAL CORP      | CUSIP: 958102105<br>LEI: 549300QQXOOYEF89IC56 | Long             | EC               | CORP              | US        |     10188 | NS      | $1223171.28   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| LEIDOS HLDGS. INC             | LEIDOS HLDGS. INC         | CUSIP: 525327102<br>LEI: 549300IUTGTP6EJP8124 | Long             | EC               | CORP              | US        |      9879 | NS      | $1866735.84   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| META PLATFORMS INC CL A       | META PLATFORMS INC CL A   | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |     13466 | NS      | $9889161.08   | 2.88%             |  |  |  | No            |                  1 | On Loan: No      |
| CBRE GRP. INC                 | CBRE GRP. INC             | CUSIP: 12504L109<br>LEI: 52990016II9MJ2OSWA10 | Long             | EC               | CORP              | US        |      8064 | NS      | $1270563.84   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| ABBVIE INC                    | ABBVIE INC                | CUSIP: 00287Y109<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | EC               | CORP              | US        |      5389 | NS      | $1247769.06   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| BERKSHIRE HATHAWAY INC        | BERKSHIRE HATHAWAY INC    | CUSIP: 084670702<br>LEI: 5493000C01ZX7D35SD85 | Long             | EC               | CORP              | US        |     10562 | NS      | $5309939.88   | 1.54%             |  |  |  | No            |                  1 | On Loan: No      |
| HCA HEALTHCARE INC            | HCA HEALTHCARE INC        | CUSIP: 40412C101<br>LEI: 529900PH4ZGUH2MNEU89 | Long             | EC               | CORP              | US        |      6109 | NS      | $2603655.80   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| TAPESTRY INC                  | TAPESTRY INC              | CUSIP: 876030107<br>LEI: 549300LJNVY5SW3VTN33 | Long             | EC               | CORP              | US        |     18522 | NS      | $2097060.84   | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| MATCH GRP. INC                | MATCH GRP. INC            | CUSIP: 57667L107<br>LEI: 15OMOPB0A8K0EFUVD031 | Long             | EC               | CORP              | US        |      8709 | NS      | $307601.88    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| ALLISON TRANSMISSION HLDG     | ALLISON TRANSMISSION HLDG | CUSIP: 01973R101<br>LEI: 529900RP7DJ882LI9T83 | Long             | EC               | CORP              | US        |     16784 | NS      | $1424625.92   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| MONSTER BEVERAGE CORP         | MONSTER BEVERAGE CORP     | CUSIP: 61174X109<br>LEI: 52990090AP0E7HCB6F33 | Long             | EC               | CORP              | US        |     14447 | NS      | $972427.57    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| APA CORP                      | APA CORP                  | CUSIP: 03743Q108<br>LEI: 549300VCIWLRHYVSHC79 | Long             | EC               | CORP              | US        |     90626 | NS      | $2200399.28   | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| ARISTA NETWORKS INC           | ARISTA NETWORKS INC       | CUSIP: 040413205<br>LEI: 635400H1WKBLOQERUU95 | Long             | EC               | CORP              | US        |      6792 | NS      | $989662.32    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| ADOBE INC COM                 | ADOBE INC COM             | CUSIP: 00724F101<br>LEI: FU4LY2G4933NH2E1CP29 | Long             | EC               | CORP              | US        |      8445 | NS      | $2978973.75   | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| AFLAC INC                     | AFLAC INC                 | CUSIP: 001055102<br>LEI: 549300N0B7DOGLXWPP39 | Long             | EC               | CORP              | US        |      9326 | NS      | $1041714.20   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA CORP                   | NVIDIA CORP               | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |    153244 | NS      | $28592265.52  | 8.31%             |  |  |  | No            |                  1 | On Loan: No      |
| MCKESSON CORP                 | MCKESSON CORP             | CUSIP: 58155Q103<br>LEI: 549300WZWOM80UCFSF54 | Long             | EC               | CORP              | US        |      3653 | NS      | $2822088.62   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| AUTOMATIC DATA PROCESSING     | AUTOMATIC DATA PROCESSING | CUSIP: 053015103<br>LEI: HGBOLILQXWER4SAL2I23 | Long             | EC               | CORP              | US        |      6704 | NS      | $1967624.00   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| GOLDMAN SACHS GRP. INC/TH     | GOLDMAN SACHS GRP. INC/TH | CUSIP: 38141G104<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | EC               | CORP              | US        |      4522 | NS      | $3601094.70   | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| VERIZON COMMS. INC            | VERIZON COMMS. INC        | CUSIP: 92343V104<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | EC               | CORP              | US        |     20645 | NS      | $907347.75    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| FIRSTENERGY CORP              | FIRSTENERGY CORP          | CUSIP: 337932107<br>LEI: 549300SVYJS666PQJH88 | Long             | EC               | CORP              | US        |     17182 | NS      | $787279.24    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| H&R BLOCK INC                 | H&R BLOCK INC             | CUSIP: 093671105<br>LEI: 549300CE3KUCWLZBG404 | Long             | EC               | CORP              | US        |     14364 | NS      | $726387.48    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| UNUM GROUP                    | UNUM GROUP                | CUSIP: 91529Y106<br>LEI: 549300E32YFDO6TZ8R31 | Long             | EC               | CORP              | US        |      8615 | NS      | $670074.70    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| CATERPILLAR INC               | CATERPILLAR INC           | CUSIP: 149123101<br>LEI: WRJR7GS4GTRECRRTVX92 | Long             | EC               | CORP              | US        |      7153 | NS      | $3413053.95   | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMORGAN CHASE & CO           | JPMORGAN CHASE & CO       | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |     20664 | NS      | $6518045.52   | 1.90%             |  |  |  | No            |                  1 | On Loan: No      |
| CONSOLIDATED EDISON INC       | CONSOLIDATED EDISON INC   | CUSIP: 209115104<br>LEI: 54930033SBW53OO8T749 | Long             | EC               | CORP              | US        |      7378 | NS      | $741636.56    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| SEALED AIR CORP               | SEALED AIR CORP           | CUSIP: 81211K100<br>LEI: Q0M0CZB4YN6JZ65WXI09 | Long             | EC               | CORP              | US        |     26829 | NS      | $948405.15    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| TARGET CORP                   | TARGET CORP               | CUSIP: 87612E106<br>LEI: 8WDDFXB5T1Z6J0XC1L66 | Long             | EC               | CORP              | US        |       108 | NS      | $9687.60      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| BANK OF AMERICA CORP          | BANK OF AMERICA CORP      | CUSIP: 060505104<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EC               | CORP              | US        |     51134 | NS      | $2638003.06   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| EMERSON ELECTRIC CO           | EMERSON ELECTRIC CO       | CUSIP: 291011104<br>LEI: FGLT0EWZSUIRRITFOA30 | Long             | EC               | CORP              | US        |      5115 | NS      | $670985.70    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| EOG RES. INC                  | EOG RES. INC              | CUSIP: 26875P101<br>LEI: XWTZDRYZPBUHIQBKDB46 | Long             | EC               | CORP              | US        |     21089 | NS      | $2364498.68   | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| RESMED INC                    | RESMED INC                | CUSIP: 761152107<br>LEI: 529900T3QE5253CCXF22 | Long             | EC               | CORP              | US        |      8740 | NS      | $2392400.20   | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| GENERAL DYNAMICS CORP         | GENERAL DYNAMICS CORP     | CUSIP: 369550108<br>LEI: 9C1X8XOOTYY2FNYTVH06 | Long             | EC               | CORP              | US        |      7485 | NS      | $2552385.00   | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| GILEAD SCIENCES INC           | GILEAD SCIENCES INC       | CUSIP: 375558103<br>LEI: 549300WTZWR07K8MNV44 | Long             | EC               | CORP              | US        |      1887 | NS      | $209457.00    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| EXELON CORP                   | EXELON CORP               | CUSIP: 30161N101<br>LEI: 3SOUA6IRML7435B56G12 | Long             | EC               | CORP              | US        |     31813 | NS      | $1431903.13   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| ILLINOIS TOOL WORKS INC       | ILLINOIS TOOL WORKS INC   | CUSIP: 452308109<br>LEI: 76NA4I14SZCFAYMNSV04 | Long             | EC               | CORP              | US        |      8261 | NS      | $2154138.36   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| INTUIT INC                    | INTUIT INC                | CUSIP: 461202103<br>LEI: VI90HBPH7XSFMB9E4M29 | Long             | EC               | CORP              | US        |      2761 | NS      | $1885514.51   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| EMCOR GRP. INC                | EMCOR GRP. INC            | CUSIP: 29084Q100<br>LEI: 529900X0SQJB2J7YDU43 | Long             | EC               | CORP              | US        |      1036 | NS      | $672923.44    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| JOHNSON & JOHNSON             | JOHNSON & JOHNSON         | CUSIP: 478160104<br>LEI: 549300G0CFPGEF6X2043 | Long             | EC               | CORP              | US        |     24133 | NS      | $4474740.86   | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| KIMBERLY-CLARK CORP           | KIMBERLY-CLARK CORP       | CUSIP: 494368103<br>LEI: MP3J6QPYPGN75NVW2S34 | Long             | EC               | CORP              | US        |      9507 | NS      | $1182100.38   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| ELI LILLY & CO COM NPV        | ELI LILLY & CO COM NPV    | CUSIP: 532457108<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | EC               | CORP              | US        |      1882 | NS      | $1435966.00   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| CENCORA INC                   | CENCORA INC               | CUSIP: 03073E105<br>LEI: AI8GXW8LG5WK7E9UD086 | Long             | EC               | CORP              | US        |      4763 | NS      | $1488580.39   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| LOWE S COS INC                | LOWE S COS INC            | CUSIP: 548661107<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | EC               | CORP              | US        |       409 | NS      | $102785.79    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| SYNCHRONY FINANCIAL           | SYNCHRONY FINANCIAL       | CUSIP: 87165B103<br>LEI: 549300RS7EWPM9MA6C78 | Long             | EC               | CORP              | US        |     10788 | NS      | $766487.40    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| MEDPACE HLDGS. INC            | MEDPACE HLDGS. INC        | CUSIP: 58506Q109<br>LEI: 549300H8TYEUVTW14A54 | Long             | EC               | CORP              | US        |       872 | NS      | $448347.52    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| BROADCOM INC                  | BROADCOM INC              | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |     34228 | NS      | $11292159.48  | 3.28%             |  |  |  | No            |                  1 | On Loan: No      |
| NI US GOV T PORTFOLIO         | NI US GOV T PORTFOLIO     | CUSIP: 665278404<br>LEI: 549300Y178DO5JBR1S04 | Long             | STIV             | RF                | US        |   4149717 | NS      | $4149716.94   | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| BATH & BODY WORKS INC         | BATH & BODY WORKS INC     | CUSIP: 070830104<br>LEI: GR3KVMWVCR54YWQNXU90 | Long             | EC               | CORP              | US        |      3798 | NS      | $97836.48     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| COREBRIDGE FINL. INC          | COREBRIDGE FINL. INC      | CUSIP: 21871X109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      7197 | NS      | $230663.85    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITED STATES TSY. 0.00%      | UNITED STATES TSY. 0.00%  | CUSIP: 912797NL7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    285000 | PA      | $283163.56    | 0.08%             | 2025-11-28      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CF INDS. HLDGS. INC           | CF INDS. HLDGS. INC       | CUSIP: 125269100<br>LEI: 529900CG8YAQFZ2JMV97 | Long             | EC               | CORP              | US        |     26351 | NS      | $2363684.70   | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| MEDTRONIC PLC                 | MEDTRONIC PLC             | CUSIP: G5960L103<br>LEI: 549300GX3ZBSQWUXY261 | Long             | EC               | CORP              | IE        |     15885 | NS      | $1512887.40   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| DROPBOX INC                   | DROPBOX INC               | CUSIP: 26210C104<br>LEI: 549300JCDF7UAR6TJR51 | Long             | EC               | CORP              | US        |     16483 | NS      | $497951.43    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| PALANTIR TECHS. INC           | PALANTIR TECHS. INC       | CUSIP: 69608A108<br>LEI: 549300UVN46B3BBDHO85 | Long             | EC               | CORP              | US        |      3788 | NS      | $691006.96    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| TRAVEL + LEISURE CO           | TRAVEL + LEISURE CO       | CUSIP: 894164102<br>LEI: T4VNTWMFQ7JQB65L7T35 | Long             | EC               | CORP              | US        |     18153 | NS      | $1079921.97   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| CONSTELLATION ENERGY CORP     | CONSTELLATION ENERGY CORP | CUSIP: 21037T109<br>LEI: 549300F8Y20RYGNGV346 | Long             | EC               | CORP              | US        |      4176 | NS      | $1374196.32   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| MASTERCARD INCORPORATED C     | MASTERCARD INCORPORATED C | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               | CORP              | US        |      1270 | NS      | $722388.70    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| EXXON MOBIL CORP              | EXXON MOBIL CORP          | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |      8034 | NS      | $905833.50    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| PILGRIM S PRIDE CORP          | PILGRIM S PRIDE CORP      | CUSIP: 72147K108<br>LEI: 549300ZSLGV64ZL3HD75 | Long             | EC               | CORP              | US        |     50498 | NS      | $2056278.56   | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| TESLA INC                     | TESLA INC                 | CUSIP: 88160R101<br>LEI: 54930043XZGB27CTOV49 | Long             | EC               | CORP              | US        |     11701 | NS      | $5203668.72   | 1.51%             |  |  |  | No            |                  1 | On Loan: No      |
| PAYPAL HLDGS. INC             | PAYPAL HLDGS. INC         | CUSIP: 70450Y103<br>LEI: 5493005X2GO78EFZ3E94 | Long             | EC               | CORP              | US        |     28976 | NS      | $1943130.56   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| VICI PROPS. INC               | VICI PROPS. INC           | CUSIP: 925652109<br>LEI: 254900RKH6RY9KCJQH63 | Long             | EC               | CORP              | US        |     66191 | NS      | $2158488.51   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| BOOKING HLDGS. INC            | BOOKING HLDGS. INC        | CUSIP: 09857L108<br>LEI: FXM8FAOHMYDIPD38UZ17 | Long             | EC               | CORP              | US        |       542 | NS      | $2926404.34   | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| GENERAL ELECTRIC CO           | GENERAL ELECTRIC CO       | CUSIP: 369604301<br>LEI: 3C7474T6CDKPR9K6YT90 | Long             | EC               | CORP              | US        |      7618 | NS      | $2291646.76   | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| BRIGHTHOUSE FINL. INC         | BRIGHTHOUSE FINL. INC     | CUSIP: 10922N103<br>LEI: 5493003T8SZSHOGGAW52 | Long             | EC               | CORP              | US        |        96 | NS      | $5095.68      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| OVINTIV INC                   | OVINTIV INC               | CUSIP: 69047Q102<br>LEI: 2549003MEX7YMKLGI239 | Long             | EC               | CORP              | US        |     50931 | NS      | $2056593.78   | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| DOXIMITY INC                  | DOXIMITY INC              | CUSIP: 26622P107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      6137 | NS      | $448921.55    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| LAM RESEARCH CORP             | LAM RESEARCH CORP         | CUSIP: 512807306<br>LEI: 549300I4GMO6D34U1T02 | Long             | EC               | CORP              | US        |      6268 | NS      | $839285.20    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| ALPHABET INC                  | ALPHABET INC              | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |     65571 | NS      | $15940310.10  | 4.64%             |  |  |  | No            |                  1 | On Loan: No      |
| ANTERO MIDSTREAM CORP         | ANTERO MIDSTREAM CORP     | CUSIP: 03676B102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      6154 | NS      | $119633.76    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| GEN DIGITAL INC               | GEN DIGITAL INC           | CUSIP: 668771108<br>LEI: YF6ZV0M6AU4FY94MK914 | Long             | EC               | CORP              | US        |     60676 | NS      | $1722591.64   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| APPLOVIN CORP                 | APPLOVIN CORP             | CUSIP: 03831W108<br>LEI: 549300LLVXMUAOL3SQ07 | Long             | EC               | CORP              | US        |      1553 | NS      | $1115892.62   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| GE VERNOVA INC                | GE VERNOVA INC            | CUSIP: 36828A101<br>LEI: 254900DP080RU6OK2553 | Long             | EC               | CORP              | US        |       499 | NS      | $306835.10    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| FOX CORP                      | FOX CORP                  | CUSIP: 35137L105<br>LEI: 549300DDU6FDRBIELS05 | Long             | EC               | CORP              | US        |     36841 | NS      | $2323193.46   | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| AMAZON.COM INC                | AMAZON.COM INC            | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |     52050 | NS      | $11428618.50  | 3.32%             |  |  |  | No            |                  1 | On Loan: No      |
| ABBOTT LABORATORIES           | ABBOTT LABORATORIES       | CUSIP: 002824100<br>LEI: HQD377W2YR662HK5JX27 | Long             | EC               | CORP              | US        |     20483 | NS      | $2743493.02   | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| AMGEN INC                     | AMGEN INC                 | CUSIP: 031162100<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | EC               | CORP              | US        |     10988 | NS      | $3100813.60   | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| AFFILIATED MGRS. GRP. INC     | AFFILIATED MGRS. GRP. INC | CUSIP: 008252108<br>LEI: 2JE75BUE3T1BLCYYGK54 | Long             | EC               | CORP              | US        |      6765 | NS      | $1612978.95   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| EBAY INC                      | EBAY INC                  | CUSIP: 278642103<br>LEI: OML71K8X303XQONU6T67 | Long             | EC               | CORP              | US        |     23513 | NS      | $2138507.35   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| EXPEDITORS INTL. OF WASHI     | EXPEDITORS INTL. OF WASHI | CUSIP: 302130109<br>LEI: 984500B055A804AB6E40 | Long             | EC               | CORP              | US        |      9762 | NS      | $1196723.58   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| FRANKLIN RES. INC             | FRANKLIN RES. INC         | CUSIP: 354613101<br>LEI: RIFQSET379FOGTEFKS80 | Long             | EC               | CORP              | US        |     70793 | NS      | $1637442.09   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| KLA CORP                      | KLA CORP                  | CUSIP: 482480100<br>LEI: 549300H0BF5JCG96TJ81 | Long             | EC               | CORP              | US        |      2468 | NS      | $2661984.80   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| KROGER CO/THE                 | KROGER CO/THE             | CUSIP: 501044101<br>LEI: 6CPEOKI6OYJ13Q6O7870 | Long             | EC               | CORP              | US        |     21857 | NS      | $1473380.37   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| MGIC INV. CORP                | MGIC INV. CORP            | CUSIP: 552848103<br>LEI: 254900S8483WM4M98R28 | Long             | EC               | CORP              | US        |     76324 | NS      | $2165311.88   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| MASCO CORP                    | MASCO CORP                | CUSIP: 574599106<br>LEI: 5GCSNMQXHEYA1JO8QN11 | Long             | EC               | CORP              | US        |      2236 | NS      | $157392.04    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| PEGASYSTEMS INC               | PEGASYSTEMS INC           | CUSIP: 705573103<br>LEI: 549300FMCOKPL06FYN26 | Long             | EC               | CORP              | US        |      9554 | NS      | $549355.00    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| WELLS FARGO & CO              | WELLS FARGO & CO          | CUSIP: 949746101<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | EC               | CORP              | US        |      4804 | NS      | $402671.28    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| CAPITAL ONE FINL. CORP        | CAPITAL ONE FINL. CORP    | CUSIP: 14040H105<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | EC               | CORP              | US        |      4326 | NS      | $919621.08    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| OGE ENERGY CORP               | OGE ENERGY CORP           | CUSIP: 670837103<br>LEI: CE5OG6JPOZMDSA0LAQ19 | Long             | EC               | CORP              | US        |      1749 | NS      | $80926.23     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| ORACLE CORP                   | ORACLE CORP               | CUSIP: 68389X105<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | EC               | CORP              | US        |      2614 | NS      | $735161.36    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| PPL CORP                      | PPL CORP                  | CUSIP: 69351T106<br>LEI: 9N3UAJSNOUXFKQLF3V18 | Long             | EC               | CORP              | US        |     40924 | NS      | $1520735.84   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| PEPSICO INC                   | PEPSICO INC               | CUSIP: 713448108<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | EC               | CORP              | US        |        16 | NS      | $2247.04      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| PFIZER INC                    | PFIZER INC                | CUSIP: 717081103<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | EC               | CORP              | US        |    122781 | NS      | $3128459.88   | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| COSTCO WHOLESALE CORP         | COSTCO WHOLESALE CORP     | CUSIP: 22160K105<br>LEI: 29DX7H14B9S6O3FD6V18 | Long             | EC               | CORP              | US        |       866 | NS      | $801595.58    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| 3M CO                         | 3M CO                     | CUSIP: 88579Y101<br>LEI: LUZQVYP4VS22CLWDAR65 | Long             | EC               | CORP              | US        |      9351 | NS      | $1451088.18   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| PROCTER & GAMBLE CO/THE       | PROCTER & GAMBLE CO/THE   | CUSIP: 742718109<br>LEI: 2572IBTT8CCZW6AU4141 | Long             | EC               | CORP              | US        |     14190 | NS      | $2180293.50   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| PUBLIC SERV. ENT. GRP. IN     | PUBLIC SERV. ENT. GRP. IN | CUSIP: 744573106<br>LEI: PUSS41EMO3E6XXNV3U28 | Long             | EC               | CORP              | US        |     11083 | NS      | $924987.18    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| QUALCOMM INC                  | QUALCOMM INC              | CUSIP: 747525103<br>LEI: H1J8DDZKZP6H7RWC0H53 | Long             | EC               | CORP              | US        |     18984 | NS      | $3158178.24   | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| NETFLIX INC                   | NETFLIX INC               | CUSIP: 64110L106<br>LEI: 549300Y7VHGU0I7CE873 | Long             | EC               | CORP              | US        |      3019 | NS      | $3619539.48   | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| ROYAL CARIBBEAN CRUISES L     | ROYAL CARIBBEAN CRUISES L | CUSIP: V7780T103<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | EC               | CORP              | LR        |      1061 | NS      | $343318.38    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| SIMON PROP. GRP. INC          | SIMON PROP. GRP. INC      | CUSIP: 828806109<br>LEI: 529900GQL5X8H7AO3T64 | Long             | EC               | CORP              | US        |      9621 | NS      | $1805573.07   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| A O SMITH CORP                | A O SMITH CORP            | CUSIP: 831865209<br>LEI: 549300XG4US7UJNECY36 | Long             | EC               | CORP              | US        |      9375 | NS      | $688218.75    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| EDISON INTERNATIONAL          | EDISON INTERNATIONAL      | CUSIP: 281020107<br>LEI: 549300I7ROF15MAEVP56 | Long             | EC               | CORP              | US        |       120 | NS      | $6633.60      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| ALTRIA GRP. INC               | ALTRIA GRP. INC           | CUSIP: 02209S103<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | EC               | CORP              | US        |     42672 | NS      | $2818912.32   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| UNION PACIFIC CORP            | UNION PACIFIC CORP        | CUSIP: 907818108<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | EC               | CORP              | US        |      4944 | NS      | $1168613.28   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITEDHEALTH GRP. INC         | UNITEDHEALTH GRP. INC     | CUSIP: 91324P102<br>LEI: 549300GHBMY8T5GXDE41 | Long             | EC               | CORP              | US        |        14 | NS      | $4834.20      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| WILLIAMS-SONOMA INC           | WILLIAMS-SONOMA INC       | CUSIP: 969904101<br>LEI: 549300IARG6YWVTZ1I92 | Long             | EC               | CORP              | US        |      4967 | NS      | $970800.15    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| CARNIVAL CORP                 | CARNIVAL CORP             | CUSIP: 143658300<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | EC               | CORP              | PA        |     62370 | NS      | $1803116.70   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| ACCENTURE PLC                 | ACCENTURE PLC             | CUSIP: G1151C101<br>LEI: 5493000EWHDSR3MZWH98 | Long             | EC               | CORP              | IE        |      6263 | NS      | $1544455.80   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| MERCK INC                     | MERCK INC                 | CUSIP: 58933Y105<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | EC               | CORP              | US        |     25343 | NS      | $2127037.99   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| MARATHON PETROLEUM CORP       | MARATHON PETROLEUM CORP   | CUSIP: 56585A102<br>LEI: 3BNYRYQHD39K4LCKQF12 | Long             | EC               | CORP              | US        |      6328 | NS      | $1219658.72   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| UBER TECHS. INC               | UBER TECHS. INC           | CUSIP: 90353T100<br>LEI: 549300B2FTG34FILDR98 | Long             | EC               | CORP              | US        |      2595 | NS      | $254232.15    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| MILLICOM INTL. CELLULAR S     | MILLICOM INTL. CELLULAR S | CUSIP: L6388F110<br>LEI: N/A                  | Long             | EC               | CORP              | LU        |      8259 | NS      | $400891.86    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| ASSURED GUARANTY LTD          | ASSURED GUARANTY LTD      | CUSIP: G0585R106<br>LEI: 549300BBOQUJEPH87M14 | Long             | EC               | CORP              | BM        |     19988 | NS      | $1691984.20   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| NRG ENERGY INC                | NRG ENERGY INC            | CUSIP: 629377508<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | EC               | CORP              | US        |      8984 | NS      | $1454958.80   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| CH ROBINSON WORLDWIDE INC     | CH ROBINSON WORLDWIDE INC | CUSIP: 12541W209<br>LEI: 529900WNWN5L0OVDHA79 | Long             | EC               | CORP              | US        |     13256 | NS      | $1755094.40   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| AT&T INC                      | AT&T INC                  | CUSIP: 00206R102<br>LEI: 549300Z40J86GGSTL398 | Long             | EC               | CORP              | US        |     89721 | NS      | $2533721.04   | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| FIDELITY NATL. INFO. SERV     | FIDELITY NATL. INFO. SERV | CUSIP: 31620M106<br>LEI: 6WQI0GK1PRFVBA061U48 | Long             | EC               | CORP              | US        |      8125 | NS      | $535762.50    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| ALLEGION PLC                  | ALLEGION PLC              | CUSIP: G0176J109<br>LEI: 984500560CAC2E6FB757 | Long             | EC               | CORP              | IE        |       917 | NS      | $162629.95    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| APTIV PLC                     | APTIV PLC                 | CUSIP: G3265R107<br>LEI: N/A                  | Long             | EC               | CORP              | JE        |     18132 | NS      | $1563341.04   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| GLOBE LIFE INC                | GLOBE LIFE INC            | CUSIP: 37959E102<br>LEI: 5493001JFHKQOPP6XA71 | Long             | EC               | CORP              | US        |     15458 | NS      | $2210030.26   | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| UBIQUITI INC                  | UBIQUITI INC              | CUSIP: 90353W103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1040 | NS      | $687003.20    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| ANTERO RES. CORP              | ANTERO RES. CORP          | CUSIP: 03674X106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       402 | NS      | $13491.12     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| International Monetary Market | FUT. EMINI S&P DEC25      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |        13 | NC      | $4380187.50   | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-10-30

**Name of Applicant:** Northern Funds

**Signature:** Randal E. Rein

**Name of Signer:** Randal E. Rein

**Title:** Treasurer and Principal Financial Officer