# EDGAR Filing Document

**Accession Number:** 0000916620
**File Stem:** 0002066578-26-001911
**Filing Date:** 2026-5
**Character Count:** 68023
**Document Hash:** 3420920ee4f0c6a1f9459b9fa731e270
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002066578-26-001911.hdr.sgml**: 20260528

**ACCESSION NUMBER**: 0002066578-26-001911

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260528

**DATE AS OF CHANGE**: 20260528

**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:** 261034953

**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

### INTERNATIONAL EQUITY FUND (Series ID: S000001270)

| Class ID   | Class Name                | Ticker Symbol   |
|:---|:---|:---|
| C000003416 | INTERNATIONAL EQUITY FUND | NOIGX           |

## 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:** International Equity Fund

- **b. EDGAR series identifier (if any):** S000001270

- **c. LEI of Series:** 549300ZJSZC1AK14VP73

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

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

- **b. Date as of which information is reported:** 2026-03-31

**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:** $188657493.48

**Total Liabilities:** $53512.31

**Net Assets:** $188603981.17

**Cash Not Reported:** $1031766.36

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000003416 | 4.69%                | 5.12%                | -6.97%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $1899451.45              | $5999163.99                                |
| Month 2  | $3005940.27              | $6268709.55                                |
| Month 3  | $-4519.24                | $-14588594.49                              |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| BANCO BILBAO VIZCAYA ARGE | BANCO BILBAO VIZCAYA ARGE | CUSIP: E11805103<br>LEI: K8MS7FD7N5Z2WQ51AZ71 | Long             | EC               | CORP              | ES        |    119645 | NS      | $2611409.99   | 1.38%             |  |  |  | No            |                  2 | On Loan: No      |
| MERCEDES-BENZ GRP. AG     | MERCEDES-BENZ GRP. AG     | CUSIP: D1668R123<br>LEI: 529900R27DL06UVNT076 | Long             | EC               | CORP              | DE        |     17764 | NS      | $1076224.79   | 0.57%             |  |  |  | No            |                  2 | On Loan: No      |
| SANOFI SA                 | SANOFI SA                 | CUSIP: F5548N101<br>LEI: 549300E9PC51EN656011 | Long             | EC               | CORP              | FR        |     13311 | NS      | $1283923.02   | 0.68%             |  |  |  | No            |                  2 | On Loan: No      |
| BAYERISCHE MOTOREN WERKE  | BAYERISCHE MOTOREN WERKE  | CUSIP: D12096109<br>LEI: YEH5ZCD6E441RHVHD759 | Long             | EC               | CORP              | DE        |      9208 | NS      | $831615.37    | 0.44%             |  |  |  | No            |                  2 | On Loan: No      |
| J SAINSBURY PLC           | J SAINSBURY PLC           | CUSIP: G77732173<br>LEI: 213800VGZAAJIKJ9Y484 | Long             | EC               | CORP              | GB        |    220593 | NS      | $990603.50    | 0.53%             |  |  |  | No            |                  2 | On Loan: No      |
| RELX PLC                  | RELX PLC                  | CUSIP: G7493L105<br>LEI: 549300WSX3VBUFFJOO66 | Long             | EC               | CORP              | GB        |     17025 | NS      | $561300.66    | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| SOFTBANK CORP             | SOFTBANK CORP             | CUSIP: J75963132<br>LEI: 353800M1YCTS9JRBJ535 | Long             | EC               | CORP              | JP        |   1122600 | NS      | $1498158.64   | 0.79%             |  |  |  | No            |                  2 | On Loan: No      |
| GSK PLC                   | GSK PLC                   | CUSIP: G3910J179<br>LEI: 5493000HZTVUYLO1D793 | Long             | EC               | CORP              | GB        |     96909 | NS      | $2657715.61   | 1.41%             |  |  |  | No            |                  2 | On Loan: No      |
| KONGSBERG GRUPPEN ASA     | KONGSBERG GRUPPEN ASA     | CUSIP: R60837151<br>LEI: 5967007LIEEXZXJ9HK73 | Long             | EC               | CORP              | NO        |       759 | NS      | $32499.02     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| SPOTIFY TECH. SA          | SPOTIFY TECH. SA          | CUSIP: L8681T102<br>LEI: 549300B4X0JHWV0DTD60 | Long             | EC               | CORP              | LU        |       304 | NS      | $147412.64    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| CGI INC                   | CGI INC                   | CUSIP: 12532H104<br>LEI: 549300WSRCZY73ZG3090 | Long             | EC               | CORP              | CA        |     13459 | NS      | $983955.36    | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| FUTU HLDGS. LTD ADR       | FUTU HLDGS. LTD ADR       | CUSIP: 36118L106<br>LEI: 213800X4W4ZRESFPTQ37 | Long             | EC               | CORP              | KY        |      7018 | NS      | $959781.68    | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| ROCHE HLDG. AG            | ROCHE HLDG. AG            | CUSIP: H69293266<br>LEI: 549300U41AUUVOAAOB37 | Long             | EP               | CORP              | CH        |      9471 | NS      | $3739774.46   | 1.98%             |  |  |  | No            |                  2 | On Loan: No      |
| EVOLUTION AB              | EVOLUTION AB              | CUSIP: W3287P115<br>LEI: 549300SUH6ZR1RF6TA88 | Long             | EC               | CORP              | SE        |      8721 | NS      | $543897.18    | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| SIEMENS ENERGY AG         | SIEMENS ENERGY AG         | CUSIP: D6T47E106<br>LEI: 5299005CHJZ14D4FDJ62 | Long             | EC               | CORP              | DE        |      3656 | NS      | $601688.19    | 0.32%             |  |  |  | No            |                  2 | On Loan: No      |
| VESTAS WIND SYS. A/S      | VESTAS WIND SYS. A/S      | CUSIP: K9773J201<br>LEI: 549300DYMC8BGZZC8844 | Long             | EC               | CORP              | DK        |     25635 | NS      | $767524.91    | 0.41%             |  |  |  | No            |                  2 | On Loan: No      |
| DASSAULT AVIATION SA      | DASSAULT AVIATION SA      | CUSIP: F24539169<br>LEI: 969500CVFTUT88V8QN95 | Long             | EC               | CORP              | FR        |      1210 | NS      | $448788.78    | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| NATWEST GROUP PLC         | NATWEST GROUP PLC         | CUSIP: G6422B147<br>LEI: 2138005O9XJIJN4JPN90 | Long             | EC               | CORP              | GB        |    139336 | NS      | $1033880.51   | 0.55%             |  |  |  | No            |                  2 | On Loan: No      |
| SHELL PLC                 | SHELL PLC                 | CUSIP: G80827101<br>LEI: 21380068P1DRHMJ8KU70 | Long             | EC               | CORP              | GB        |     78006 | NS      | $3642631.68   | 1.93%             |  |  |  | No            |                  2 | On Loan: No      |
| EXOR NV                   | EXOR NV                   | CUSIP: N3140A107<br>LEI: 5493002ENHZ6NYET7405 | Long             | EC               | CORP              | NL        |      9995 | NS      | $766034.94    | 0.41%             |  |  |  | No            |                  2 | On Loan: No      |
| BOMBARDIER INC            | BOMBARDIER INC            | CUSIP: 097751861<br>LEI: W7L3VLU8EHQY34Z36697 | Long             | EC               | CORP              | CA        |      1374 | NS      | $242995.82    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| BARRICK MINING CORP       | BARRICK MINING CORP       | CUSIP: 06849F108<br>LEI: 0O4KBQCJZX82UKGCBV73 | Long             | EC               | CORP              | CA        |     35290 | NS      | $1442194.31   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| AENA SME SA               | AENA SME SA               | CUSIP: E526LK101<br>LEI: 959800R7QMXKF0NFMT29 | Long             | EC               | CORP              | ES        |     53317 | NS      | $1587526.85   | 0.84%             |  |  |  | Yes           |                  2 | On Loan: No      |
| NOVO NORDISK A/S          | NOVO NORDISK A/S          | CUSIP: K72807140<br>LEI: 549300DAQ1CVT6CXN342 | Long             | EC               | CORP              | DK        |     11444 | NS      | $421702.00    | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| SMITH & NEPHEW PLC ORD US | SMITH & NEPHEW PLC ORD US | CUSIP: G82343164<br>LEI: 213800ZTMDN8S67S1H61 | Long             | EC               | CORP              | GB        |     16221 | NS      | $256236.18    | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| IMPERIAL BRANDS PLC       | IMPERIAL BRANDS PLC       | CUSIP: G4720C107<br>LEI: 549300DFVPOB67JL3A42 | Long             | EC               | CORP              | GB        |     43518 | NS      | $1771158.40   | 0.94%             |  |  |  | No            |                  2 | On Loan: No      |
| PRUDENTIAL PLC GBP0.05    | PRUDENTIAL PLC GBP0.05    | CUSIP: G72899100<br>LEI: 5493001Z3ZE83NGK8Y12 | Long             | EC               | CORP              | GB        |    100354 | NS      | $1399469.49   | 0.74%             |  |  |  | No            |                  2 | On Loan: No      |
| KONINKLIJKE AHOLD DELHAIZ | KONINKLIJKE AHOLD DELHAIZ | CUSIP: N0074E105<br>LEI: 724500C9GNBV20UYRX36 | Long             | EC               | CORP              | NL        |     37640 | NS      | $1757178.48   | 0.93%             |  |  |  | No            |                  2 | On Loan: No      |
| ARCELORMITTAL SA          | ARCELORMITTAL SA          | CUSIP: L0302D210<br>LEI: 2EULGUTUI56JI9SAL165 | Long             | EC               | CORP              | LU        |      6505 | NS      | $338920.47    | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| CK INFRA. HLDGS. LTD      | CK INFRA. HLDGS. LTD      | CUSIP: G2178K100<br>LEI: 5299005U11RQ1C27MR12 | Long             | EC               | CORP              | BM        |     30105 | NS      | $240279.90    | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| SHOPIFY INC CL A SUB VTG  | SHOPIFY INC CL A SUB VTG  | CUSIP: 82509L107<br>LEI: 549300HGQ43STJLLP808 | Long             | EC               | CORP              | CA        |      1176 | NS      | $139537.46    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| CK ASSET HLDGS. LTD       | CK ASSET HLDGS. LTD       | CUSIP: G2177B101<br>LEI: 5299006GJZSGP78B8S35 | Long             | EC               | CORP              | HK        |    123752 | NS      | $706892.17    | 0.37%             |  |  |  | No            |                  2 | On Loan: No      |
| JAPAN POST INS. CO LTD    | JAPAN POST INS. CO LTD    | CUSIP: J2800E107<br>LEI: 54930042SK2Z708BA841 | Long             | EC               | CORP              | JP        |     58500 | NS      | $591010.06    | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| BANCA MEDIOLANUM SPA      | BANCA MEDIOLANUM SPA      | CUSIP: T1R88K108<br>LEI: 7LVZJ6XRIE7VNZ4UBX81 | Long             | EC               | CORP              | IT        |     64669 | NS      | $1313455.52   | 0.70%             |  |  |  | No            |                  2 | On Loan: No      |
| WISETECH GBL. LTD         | WISETECH GBL. LTD         | CUSIP: Q98056106<br>LEI: 254900VE3AF301Q85K83 | Long             | EC               | CORP              | AU        |      7367 | NS      | $201074.54    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| DEMANT A/S                | DEMANT A/S                | CUSIP: K3008M105<br>LEI: 213800RM6L9LN78BVA56 | Long             | EC               | CORP              | DK        |      8719 | NS      | $264986.48    | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| ITALGAS SPA               | ITALGAS SPA               | CUSIP: T6R89Z103<br>LEI: 815600F25FF44EF1FA76 | Long             | EC               | CORP              | IT        |      8228 | NS      | $95836.70     | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| SIEMENS AG                | SIEMENS AG                | CUSIP: D69671218<br>LEI: W38RGI023J3WT1HWRP32 | Long             | EC               | CORP              | DE        |      1703 | NS      | $403935.18    | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| ANHEUSER-BUSCH INBEV SA/N | ANHEUSER-BUSCH INBEV SA/N | CUSIP: B639CJ108<br>LEI: 5493008H3828EMEXB082 | Long             | EC               | CORP              | BE        |     31823 | NS      | $2208205.74   | 1.17%             |  |  |  | No            |                  2 | On Loan: No      |
| UNICREDIT SPA             | UNICREDIT SPA             | CUSIP: T9T23L642<br>LEI: 549300TRUWO2CD2G5692 | Long             | EC               | CORP              | IT        |     30338 | NS      | $2186078.78   | 1.16%             |  |  |  | No            |                  2 | On Loan: No      |
| PRO MEDICUS LTD           | PRO MEDICUS LTD           | CUSIP: Q77301101<br>LEI: 98450085A903D1BMFF27 | Long             | EC               | CORP              | AU        |      2884 | NS      | $238263.99    | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| LUNDIN GOLD INC           | LUNDIN GOLD INC           | CUSIP: 550371108<br>LEI: 549300ZOV16K515FC525 | Long             | EC               | CORP              | CA        |      7035 | NS      | $537625.51    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| AMUNDI SA                 | AMUNDI SA                 | CUSIP: F0300Q103<br>LEI: 96950010FL2T1TJKR531 | Long             | EC               | CORP              | FR        |      3839 | NS      | $330180.37    | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| RYANAIR HLDGS. PLC        | RYANAIR HLDGS. PLC        | CUSIP: G7727C186<br>LEI: 635400BR2ROC1FVEBQ56 | Long             | EC               | CORP              | IE        |     33532 | NS      | $949976.32    | 0.50%             |  |  |  | No            |                  2 | On Loan: No      |
| BANCO COMERCIAL PORTUGUES | BANCO COMERCIAL PORTUGUES | CUSIP: X03188319<br>LEI: JU1U6S0DG9YLT7N8ZV32 | Long             | EC               | CORP              | PT        |     28999 | NS      | $28428.24     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| NATIONAL GRID PLC         | NATIONAL GRID PLC         | CUSIP: G6S9A7120<br>LEI: 8R95QZMKZLJX5Q2XR704 | Long             | EC               | CORP              | GB        |     50082 | NS      | $844329.43    | 0.45%             |  |  |  | No            |                  2 | On Loan: No      |
| HSBC HLDGS. PLC           | HSBC HLDGS. PLC           | CUSIP: G4634U169<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | EC               | CORP              | GB        |     21843 | NS      | $357421.93    | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| STANDARD CHARTERED PLC    | STANDARD CHARTERED PLC    | CUSIP: G84228157<br>LEI: U4LOSYZ7YG4W3S5F2G91 | Long             | EC               | CORP              | GB        |     25047 | NS      | $520172.01    | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| CENTRICA PLC              | CENTRICA PLC              | CUSIP: G2018Z143<br>LEI: E26EDV109X6EEPBKVH76 | Long             | EC               | CORP              | GB        |     80095 | NS      | $226558.13    | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| RIO TINTO PLC             | RIO TINTO PLC             | CUSIP: G75754104<br>LEI: 213800YOEO5OQ72G2R82 | Long             | EC               | CORP              | GB        |     28656 | NS      | $2663626.01   | 1.41%             |  |  |  | No            |                  2 | On Loan: No      |
| NESTLE SA                 | NESTLE SA                 | CUSIP: H57312649<br>LEI: KY37LUS27QQX7BB93L28 | Long             | EC               | CORP              | CH        |      7237 | NS      | $717830.38    | 0.38%             |  |  |  | No            |                  2 | On Loan: No      |
| SEIBU HLDGS. INC          | SEIBU HLDGS. INC          | CUSIP: J7030Q119<br>LEI: 353800JY9TYV9WTCN620 | Long             | EC               | CORP              | JP        |      2000 | NS      | $55847.99     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| AIA GRP. LTD              | AIA GRP. LTD              | CUSIP: Y002A1105<br>LEI: ZP5ILWVSYE4LJGMMVD57 | Long             | EC               | CORP              | HK        |     39062 | NS      | $438816.61    | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| WARTSILA OYJ ABP          | WARTSILA OYJ ABP          | CUSIP: X98155116<br>LEI: 743700G7A9J1PHM3X223 | Long             | EC               | CORP              | FI        |     41574 | NS      | $1554521.73   | 0.82%             |  |  |  | No            |                  2 | On Loan: No      |
| KBC GRP. NV               | KBC GRP. NV               | CUSIP: B5337G162<br>LEI: 213800X3Q9LSAKRUWY91 | Long             | EC               | CORP              | BE        |      5416 | NS      | $662074.72    | 0.35%             |  |  |  | No            |                  2 | On Loan: No      |
| EIFFAGE SA                | EIFFAGE SA                | CUSIP: F2924U106<br>LEI: 969500OQXKE5WDM9M994 | Long             | EC               | CORP              | FR        |      7197 | NS      | $1104978.95   | 0.59%             |  |  |  | No            |                  2 | On Loan: No      |
| SAP SE                    | SAP SE                    | CUSIP: D66992104<br>LEI: 529900D6BF99LW9R2E68 | Long             | EC               | CORP              | DE        |      2067 | NS      | $349804.69    | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| BOUYGUES SA               | BOUYGUES SA               | CUSIP: F11487125<br>LEI: 969500MOCLNQFNZN0D63 | Long             | EC               | CORP              | FR        |     11152 | NS      | $643387.50    | 0.34%             |  |  |  | No            |                  2 | On Loan: No      |
| LVMH MOET HENNESSY LOUIS  | LVMH MOET HENNESSY LOUIS  | CUSIP: F58485115<br>LEI: IOG4E947OATN0KJYSD45 | Long             | EC               | CORP              | FR        |       224 | NS      | $124513.78    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| SAFRAN SA                 | SAFRAN SA                 | CUSIP: F4035A557<br>LEI: 969500UIC89GT3UL7L24 | Long             | EC               | CORP              | FR        |      5428 | NS      | $1775189.42   | 0.94%             |  |  |  | No            |                  2 | On Loan: No      |
| EDP S.A EUR1              | EDP S.A EUR1              | CUSIP: X67925119<br>LEI: 529900CLC3WDMGI9VH80 | Long             | EC               | CORP              | PT        |     16528 | NS      | $87504.83     | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| PUBLICIS GROUPE SA        | PUBLICIS GROUPE SA        | CUSIP: F7607Z165<br>LEI: 2138004KW8BV57III342 | Long             | EC               | CORP              | FR        |      9526 | NS      | $787809.19    | 0.42%             |  |  |  | No            |                  2 | On Loan: No      |
| DEUTSCHE POST AG          | DEUTSCHE POST AG          | CUSIP: D19225107<br>LEI: 8ER8GIG7CSMVD8VUFE78 | Long             | EC               | CORP              | DE        |     35693 | NS      | $1840730.40   | 0.98%             |  |  |  | No            |                  2 | On Loan: No      |
| RWE AG                    | RWE AG                    | CUSIP: D6629K109<br>LEI: 529900GB7KCA94ACC940 | Long             | EC               | CORP              | DE        |      6137 | NS      | $408747.30    | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| LUNDIN MINING CORP        | LUNDIN MINING CORP        | CUSIP: 550372106<br>LEI: 549300FQDIM6C8HTN269 | Long             | EC               | CORP              | CA        |      7220 | NS      | $180045.86    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| HOCHTIEF AG               | HOCHTIEF AG               | CUSIP: D33134103<br>LEI: 529900Y25S8NZIYTT924 | Long             | EC               | CORP              | DE        |      1213 | NS      | $533484.12    | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| H & M HENNES & MAURITZ AB | H & M HENNES & MAURITZ AB | CUSIP: W41422101<br>LEI: 529900O5RR7R39FRDM42 | Long             | EC               | CORP              | SE        |     83128 | NS      | $1549795.19   | 0.82%             |  |  |  | No            |                  2 | On Loan: No      |
| ALTAGAS LTD               | ALTAGAS LTD               | CUSIP: 021361100<br>LEI: 2549008X5V70MOS4HM10 | Long             | EC               | CORP              | CA        |       156 | NS      | $5410.83      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| DEUTSCHE BOERSE AG        | DEUTSCHE BOERSE AG        | CUSIP: D1882G119<br>LEI: 529900G3SW56SHYNPR95 | Long             | EC               | CORP              | DE        |       909 | NS      | $264279.08    | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| AXA SA                    | AXA SA                    | CUSIP: F06106102<br>LEI: F5WCUMTUM4RKZ1MAIE39 | Long             | EC               | CORP              | FR        |     27504 | NS      | $1260939.29   | 0.67%             |  |  |  | No            |                  2 | On Loan: No      |
| BNP PARIBAS SA            | BNP PARIBAS SA            | CUSIP: F1058Q238<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | EC               | CORP              | FR        |     10819 | NS      | $1030628.74   | 0.55%             |  |  |  | No            |                  2 | On Loan: No      |
| SONOVA HOLDING AG CHF0.05 | SONOVA HOLDING AG CHF0.05 | CUSIP: H8024W106<br>LEI: 5299004A0QNX7FBNHS61 | Long             | EC               | CORP              | CH        |       481 | NS      | $109029.80    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| KLEPIERRE SA              | KLEPIERRE SA              | CUSIP: F5396X102<br>LEI: 969500PB4U31KEFHZ621 | Long             | EC               | CORP              | FR        |      7448 | NS      | $280722.94    | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| EQUINOR ASA               | EQUINOR ASA               | CUSIP: R2R90P103<br>LEI: OW6OFBNCKXC4US5C7523 | Long             | EC               | CORP              | NO        |     50073 | NS      | $2119395.62   | 1.12%             |  |  |  | No            |                  2 | On Loan: No      |
| IBERDROLA SA              | IBERDROLA SA              | CUSIP: E6165F166<br>LEI: 5QK37QC7NWOJ8D7WVQ45 | Long             | EC               | CORP              | ES        |     40828 | NS      | $937236.32    | 0.50%             |  |  |  | No            |                  2 | On Loan: No      |
| CAIXABANK SA              | CAIXABANK SA              | CUSIP: E2427M123<br>LEI: 7CUNS533WID6K7DGFI87 | Long             | EC               | CORP              | ES        |     49720 | NS      | $596560.12    | 0.32%             |  |  |  | No            |                  2 | On Loan: No      |
| BUREAU VERITAS SA         | BUREAU VERITAS SA         | CUSIP: F96888114<br>LEI: 969500TPU5T3HA5D1F11 | Long             | EC               | CORP              | FR        |     36005 | NS      | $1081569.08   | 0.57%             |  |  |  | No            |                  2 | On Loan: No      |
| MS&AD INS. GRP. HLDGS. IN | MS&AD INS. GRP. HLDGS. IN | CUSIP: J4687C105<br>LEI: 529900CXROT5S2HMMP26 | Long             | EC               | CORP              | JP        |     50700 | NS      | $1326792.25   | 0.70%             |  |  |  | No            |                  2 | On Loan: No      |
| ADIDAS AG NPV             | ADIDAS AG NPV             | CUSIP: D0066B185<br>LEI: 549300JSX0Z4CW0V5023 | Long             | EC               | CORP              | DE        |      2971 | NS      | $468188.50    | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| OTSUKA HLDGS. CO LTD      | OTSUKA HLDGS. CO LTD      | CUSIP: J63117105<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     11700 | NS      | $825863.03    | 0.44%             |  |  |  | No            |                  2 | On Loan: No      |
| SITC INTL. HLDGS. CO LTD  | SITC INTL. HLDGS. CO LTD  | CUSIP: G8187G105<br>LEI: 529900JUV4MOM9CE3V12 | Long             | EC               | CORP              | KY        |     32702 | NS      | $144369.85    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| ROLLS-ROYCE HLDGS. PLC    | ROLLS-ROYCE HLDGS. PLC    | CUSIP: G76225104<br>LEI: 213800EC7997ZBLZJH69 | Long             | EC               | CORP              | GB        |     56217 | NS      | $858486.98    | 0.46%             |  |  |  | No            |                  2 | On Loan: No      |
| COMPAGNIE FINANCIERE RICH | COMPAGNIE FINANCIERE RICH | CUSIP: H25662182<br>LEI: 549300YIPGJ6UX2QPS51 | Long             | EC               | CORP              | CH        |      1063 | NS      | $189419.02    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| GILDAN ACTIVEWEAR INC     | GILDAN ACTIVEWEAR INC     | CUSIP: 375916103<br>LEI: 549300SB3IBI34M00Z45 | Long             | EC               | CORP              | CA        |      2287 | NS      | $127362.44    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| CANADIAN IMPERIAL BANK OF | CANADIAN IMPERIAL BANK OF | CUSIP: 136069101<br>LEI: 2IGI19DL77OX0HC3ZE78 | Long             | EC               | CORP              | CA        |     16550 | NS      | $1568508.37   | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| CANADIAN NATURAL RES. LTD | CANADIAN NATURAL RES. LTD | CUSIP: 136385101<br>LEI: 549300T15RIMIKZC5Q38 | Long             | EC               | CORP              | CA        |     47797 | NS      | $2331611.26   | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| EMPIRE CO LTD             | EMPIRE CO LTD             | CUSIP: 291843407<br>LEI: 549300TX0ZUSTEF7C719 | Long             | EC               | CORP              | CA        |     15209 | NS      | $544795.10    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| SBI HOLDINGS INC          | SBI HOLDINGS INC          | CUSIP: J6991H100<br>LEI: 353800L6LMHYIPSMRQ17 | Long             | EC               | CORP              | JP        |     65700 | NS      | $1223821.56   | 0.65%             |  |  |  | No            |                  2 | On Loan: No      |
| FORTESCUE LTD NPV         | FORTESCUE LTD NPV         | CUSIP: Q39360104<br>LEI: 529900VEJFORCO6I4826 | Long             | EC               | CORP              | AU        |    129053 | NS      | $1823004.15   | 0.97%             |  |  |  | No            |                  2 | On Loan: No      |
| MITSUBISHI CHEM. GRP. COR | MITSUBISHI CHEM. GRP. COR | CUSIP: J44046100<br>LEI: 353800YNKX4RQUGAR072 | Long             | EC               | CORP              | JP        |     37900 | NS      | $219480.10    | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| CSL LTD                   | CSL LTD                   | CUSIP: Q3018U109<br>LEI: 529900ECSECK5ZDQTE14 | Long             | EC               | CORP              | AU        |      6701 | NS      | $658295.94    | 0.35%             |  |  |  | No            |                  2 | On Loan: No      |
| BRITISH AMERICAN TOBACCO  | BRITISH AMERICAN TOBACCO  | CUSIP: G1510J102<br>LEI: 213800FKA5MF17RJKT63 | Long             | EC               | CORP              | GB        |     17949 | NS      | $1045541.65   | 0.55%             |  |  |  | No            |                  2 | On Loan: No      |
| SMITHS GRP. PLC           | SMITHS GRP. PLC           | CUSIP: G82401111<br>LEI: 213800MJL6IPZS3ASA11 | Long             | EC               | CORP              | GB        |     31101 | NS      | $947272.83    | 0.50%             |  |  |  | No            |                  2 | On Loan: No      |
| SSE PLC                   | SSE PLC                   | CUSIP: G8842P102<br>LEI: 549300KI75VYLLMSK856 | Long             | EC               | CORP              | GB        |      3307 | NS      | $114170.99    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| ASTRAZENECA PLC DI        | ASTRAZENECA PLC DI        | CUSIP: G0593M107<br>LEI: PY6ZZQWO2IZFZC3IOL08 | Long             | EC               | CORP              | GB        |      2644 | NS      | $516420.91    | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| SUNCOR ENERGY INC         | SUNCOR ENERGY INC         | CUSIP: 867224107<br>LEI: 894500XO86FKXQGPYV71 | Long             | EC               | CORP              | CA        |     30248 | NS      | $2000660.25   | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| ACS ACTIVIDADES DE CONSTR | ACS ACTIVIDADES DE CONSTR | CUSIP: E7813W163<br>LEI: 95980020140005558665 | Long             | EC               | CORP              | ES        |      6965 | NS      | $861866.78    | 0.46%             |  |  |  | No            |                  2 | On Loan: No      |
| MTU AERO ENGINES AG       | MTU AERO ENGINES AG       | CUSIP: D5565H104<br>LEI: 529900807L67JY81RD65 | Long             | EC               | CORP              | DE        |       216 | NS      | $77328.77     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| NORSK HYDRO ASA           | NORSK HYDRO ASA           | CUSIP: R61115102<br>LEI: 549300N1SDN71ZZ8BO45 | Long             | EC               | CORP              | NO        |     56146 | NS      | $595336.86    | 0.32%             |  |  |  | No            |                  2 | On Loan: No      |
| CONSTELLATION SOFTWARE IN | CONSTELLATION SOFTWARE IN | CUSIP: 21037X100<br>LEI: 549300B6PYHMCTDWQV29 | Long             | EC               | CORP              | CA        |       180 | NS      | $315978.87    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| WOLTERS KLUWER NV         | WOLTERS KLUWER NV         | CUSIP: N9643A197<br>LEI: 724500TEM53I0U077B74 | Long             | EC               | CORP              | NL        |      5440 | NS      | $406967.29    | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| LOGITECH INTL. SA         | LOGITECH INTL. SA         | CUSIP: H50430232<br>LEI: 549300SN6PRK6IJJC215 | Long             | EC               | CORP              | CH        |     19333 | NS      | $1766431.23   | 0.94%             |  |  |  | No            |                  2 | On Loan: No      |
| AGNICO EAGLE MINES LTD    | AGNICO EAGLE MINES LTD    | CUSIP: 008474108<br>LEI: 254900BFJ2DOHPMEXN45 | Long             | EC               | CORP              | CA        |      9416 | NS      | $1911290.29   | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| MANULIFE FINL. CORP       | MANULIFE FINL. CORP       | CUSIP: 56501R106<br>LEI: 5493007GBX87QOZACS27 | Long             | EC               | CORP              | CA        |     32521 | NS      | $1120269.08   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| GALP ENERGIA SGPS SA      | GALP ENERGIA SGPS SA      | CUSIP: X3078L108<br>LEI: 2138003319Y7NM75FG53 | Long             | EC               | CORP              | PT        |     13146 | NS      | $319599.14    | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| ASML HLDG. NV             | ASML HLDG. NV             | CUSIP: N07059202<br>LEI: 724500Y6DUVHQD6OXN27 | Long             | EC               | CORP              | NL        |      3406 | NS      | $4508307.57   | 2.39%             |  |  |  | No            |                  2 | On Loan: No      |
| ORACLE CORP JAPAN         | ORACLE CORP JAPAN         | CUSIP: J6165M109<br>LEI: 529900MIMKY9RU60Z323 | Long             | EC               | CORP              | JP        |      7400 | NS      | $405297.85    | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| AISIN CORP                | AISIN CORP                | CUSIP: J00714105<br>LEI: 3538004IOK08PDY6I723 | Long             | EC               | CORP              | JP        |     32600 | NS      | $451272.51    | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| COMPUTERSHARE LTD         | COMPUTERSHARE LTD         | CUSIP: Q2721E105<br>LEI: 21380085HOKTMGLV9G93 | Long             | EC               | CORP              | AU        |      5463 | NS      | $107887.75    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| SUNCORP GROUP LTD         | SUNCORP GROUP LTD         | CUSIP: Q88040334<br>LEI: 549300BVOKRTHDIWVT46 | Long             | EC               | CORP              | AU        |    124792 | NS      | $1392202.89   | 0.74%             |  |  |  | No            |                  2 | On Loan: No      |
| ASICS CORP                | ASICS CORP                | CUSIP: J03234150<br>LEI: 3538002LJMRZ83SU0B85 | Long             | EC               | CORP              | JP        |      9400 | NS      | $249957.76    | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| BOC HONG KONG HLDGS. LTD  | BOC HONG KONG HLDGS. LTD  | CUSIP: Y0920U103<br>LEI: 254900JB98W77JDJMW15 | Long             | EC               | CORP              | HK        |    276354 | NS      | $1522737.85   | 0.81%             |  |  |  | No            |                  2 | On Loan: No      |
| CANADIAN NATL. RAILWAY CO | CANADIAN NATL. RAILWAY CO | CUSIP: 136375102<br>LEI: 3SU7BEP7TH9YEQOZCS77 | Long             | EC               | CORP              | CA        |     20090 | NS      | $2067778.16   | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| FUJIKURA LTD              | FUJIKURA LTD              | CUSIP: J14784128<br>LEI: 353800PSDZ8VRCKVPL51 | Long             | EC               | CORP              | JP        |     57600 | NS      | $1567237.38   | 0.83%             |  |  |  | No            |                  2 | On Loan: No      |
| ANZ GROUP HOLDINGS LTD    | ANZ GROUP HOLDINGS LTD    | CUSIP: Q0429F119<br>LEI: 9845005D9C6BAA10BK72 | Long             | EC               | CORP              | AU        |     69816 | NS      | $1755055.14   | 0.93%             |  |  |  | No            |                  2 | On Loan: No      |
| BANK LEUMI LE-ISRAEL BM   | BANK LEUMI LE-ISRAEL BM   | CUSIP: M16043107<br>LEI: 7JDSZWRGUQY2DSTWCR57 | Long             | EC               | CORP              | IL        |     75418 | NS      | $1680709.50   | 0.89%             |  |  |  | No            |                  2 | On Loan: No      |
| KOMATSU LTD               | KOMATSU LTD               | CUSIP: J35759125<br>LEI: 5493004LQ0B4T7QPQV17 | Long             | EC               | CORP              | JP        |     35100 | NS      | $1377848.35   | 0.73%             |  |  |  | No            |                  2 | On Loan: No      |
| SANDVIK AB                | SANDVIK AB                | CUSIP: W74857165<br>LEI: 5299008ZUAXN43LVZF54 | Long             | EC               | CORP              | SE        |      9809 | NS      | $374853.64    | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| OVERSEA-CHINESE BANKING C | OVERSEA-CHINESE BANKING C | CUSIP: Y64248209<br>LEI: 5493007O3QFXCPOGWK22 | Long             | EC               | CORP              | SG        |    124100 | NS      | $2137371.77   | 1.13%             |  |  |  | No            |                  2 | On Loan: No      |
| CENTRAL JAPAN RAILWAY CO  | CENTRAL JAPAN RAILWAY CO  | CUSIP: J05523105<br>LEI: 353800YAR3OVUITHTG64 | Long             | EC               | CORP              | JP        |      2200 | NS      | $56969.14     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| ORIX CORP                 | ORIX CORP                 | CUSIP: J61933123<br>LEI: 35380016EMHNBOVYE123 | Long             | EC               | CORP              | JP        |     29400 | NS      | $880823.14    | 0.47%             |  |  |  | No            |                  2 | On Loan: No      |
| OSAKA GAS CO LTD          | OSAKA GAS CO LTD          | CUSIP: J62320130<br>LEI: 353800024KMNOPQRWZ02 | Long             | EC               | CORP              | JP        |      1200 | NS      | $48662.27     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| CHUBU ELEC. POWER CO INC  | CHUBU ELEC. POWER CO INC  | CUSIP: J06510101<br>LEI: 529900A76GOP0PGNHT63 | Long             | EC               | CORP              | JP        |      2500 | NS      | $41041.28     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| CK HUTCHISON HLDGS. LTD   | CK HUTCHISON HLDGS. LTD   | CUSIP: G21765105<br>LEI: 254900Z8HM1VEPOQ2G79 | Long             | EC               | CORP              | KY        |     28990 | NS      | $222799.72    | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| VERBUND AG                | VERBUND AG                | CUSIP: A91460104<br>LEI: 5299006UDSEJCTTEJS30 | Long             | EC               | CORP              | AT        |      3596 | NS      | $273980.39    | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| CAPGEMINI SE              | CAPGEMINI SE              | CUSIP: F4973Q101<br>LEI: 96950077L0TN7BAROX36 | Long             | EC               | CORP              | FR        |      9888 | NS      | $1155756.61   | 0.61%             |  |  |  | No            |                  2 | On Loan: No      |
| QBE INS. GRP. LTD         | QBE INS. GRP. LTD         | CUSIP: Q78063114<br>LEI: 549300D2FBW76FPUSG65 | Long             | EC               | CORP              | AU        |     21086 | NS      | $309816.97    | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| SOFTBANK GRP. CORP        | SOFTBANK GRP. CORP        | CUSIP: J7596P109<br>LEI: 5493003BZYYYCDIO0R13 | Long             | EC               | CORP              | JP        |     20400 | NS      | $490296.34    | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| SHIONOGI LTD              | SHIONOGI LTD              | CUSIP: J74229105<br>LEI: 35380049VXDTHZI3DY35 | Long             | EC               | CORP              | JP        |     35500 | NS      | $789841.42    | 0.42%             |  |  |  | No            |                  2 | On Loan: No      |
| SONY GRP. CORP            | SONY GRP. CORP            | CUSIP: J76379106<br>LEI: 529900R5WX9N2OI2N910 | Long             | EC               | CORP              | JP        |     58000 | NS      | $1196328.02   | 0.63%             |  |  |  | No            |                  2 | On Loan: No      |
| FRESENIUS SE KGAA         | FRESENIUS SE KGAA         | CUSIP: D27348263<br>LEI: XDFJ0CYCOO1FXRFTQS51 | Long             | EC               | CORP              | DE        |     11437 | NS      | $585855.30    | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| STOCKLAND                 | STOCKLAND                 | CUSIP: Q8773B105<br>LEI: N/A                  | Long             | EC               | CORP              | AU        |    142730 | NS      | $427438.16    | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| SUMITOMO ELEC. INDS. LTD  | SUMITOMO ELEC. INDS. LTD  | CUSIP: J77411114<br>LEI: 5493005SP87FL5TOS202 | Long             | EC               | CORP              | JP        |      6600 | NS      | $369568.12    | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| SUMITOMO CORP             | SUMITOMO CORP             | CUSIP: J77282119<br>LEI: V82KK8NH1P0JS71FJC05 | Long             | EC               | CORP              | JP        |     22300 | NS      | $829983.80    | 0.44%             |  |  |  | No            |                  2 | On Loan: No      |
| SUZUKI MOTOR CORP         | SUZUKI MOTOR CORP         | CUSIP: J78529138<br>LEI: 353800D83H0V3ZV1SV24 | Long             | EC               | CORP              | JP        |     61400 | NS      | $735631.63    | 0.39%             |  |  |  | No            |                  2 | On Loan: No      |
| TOKYO GAS CO LTD          | TOKYO GAS CO LTD          | CUSIP: J87000113<br>LEI: 353800678EIJLOQSWZ83 | Long             | EC               | CORP              | JP        |       600 | NS      | $28330.14     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| ASTELLAS PHARMA INC       | ASTELLAS PHARMA INC       | CUSIP: J03393105<br>LEI: 529900IB708DY2HBBB35 | Long             | EC               | CORP              | JP        |      2600 | NS      | $42450.16     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| E.ON SE                   | E.ON SE                   | CUSIP: D24914133<br>LEI: Q9MAIUP40P25UFBFG033 | Long             | EC               | CORP              | DE        |      7410 | NS      | $161958.72    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| PANDORA A/S               | PANDORA A/S               | CUSIP: K7681L102<br>LEI: 5299007OWYZ6I1E46843 | Long             | EC               | CORP              | DK        |     11250 | NS      | $790145.42    | 0.42%             |  |  |  | No            |                  2 | On Loan: No      |
| NOVARTIS AG CHF0.49       | NOVARTIS AG CHF0.49       | CUSIP: H5820Q150<br>LEI: 5493007HIVTX6SY6XD66 | Long             | EC               | CORP              | CH        |     26353 | NS      | $4001163.97   | 2.12%             |  |  |  | No            |                  2 | On Loan: No      |
| HOLCIM AG                 | HOLCIM AG                 | CUSIP: H3816Q102<br>LEI: 529900EHPFPYHV6IQO98 | Long             | EC               | CORP              | CH        |     12948 | NS      | $1074464.41   | 0.57%             |  |  |  | No            |                  2 | On Loan: No      |
| ABB LTD                   | ABB LTD                   | CUSIP: H0010V101<br>LEI: 5493000LKVGOO9PELI61 | Long             | EC               | CORP              | CH        |     13311 | NS      | $1082619.33   | 0.57%             |  |  |  | No            |                  2 | On Loan: No      |
| ENEL SPA                  | ENEL SPA                  | CUSIP: T3679P115<br>LEI: WOCMU6HCI0OJWNPRZS33 | Long             | EC               | CORP              | IT        |     81828 | NS      | $890850.12    | 0.47%             |  |  |  | No            |                  2 | On Loan: No      |
| MATSUKIYOCOCOKARA & CO    | MATSUKIYOCOCOKARA & CO    | CUSIP: J41208109<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     33400 | NS      | $533746.49    | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| AP MOLLER - MAERSK A/S    | AP MOLLER - MAERSK A/S    | CUSIP: K0514G101<br>LEI: 549300D2K6PKKKXVNN73 | Long             | EC               | CORP              | DK        |       195 | NS      | $483259.06    | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| SWEDBANK AB               | SWEDBANK AB               | CUSIP: W94232100<br>LEI: M312WZV08Y7LYUC71685 | Long             | EC               | CORP              | SE        |     49709 | NS      | $1687726.43   | 0.89%             |  |  |  | No            |                  2 | On Loan: No      |
| EVONIK INDS. AG           | EVONIK INDS. AG           | CUSIP: D2R90Y117<br>LEI: 41GUOJQTALQHLF39XJ34 | Long             | EC               | CORP              | DE        |     14028 | NS      | $271717.68    | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| RECRUIT HLDGS. CO LTD     | RECRUIT HLDGS. CO LTD     | CUSIP: J6433A101<br>LEI: 353800R2LRSMVVC4I806 | Long             | EC               | CORP              | JP        |     23500 | NS      | $1016631.57   | 0.54%             |  |  |  | No            |                  2 | On Loan: No      |
| ZALANDO SE                | ZALANDO SE                | CUSIP: D98423102<br>LEI: 529900YRFFGH5AXU4S86 | Long             | EC               | CORP              | DE        |     36902 | NS      | $882838.19    | 0.47%             |  |  |  | No            |                  2 | On Loan: No      |
| CANADIAN UTILITIES LTD    | CANADIAN UTILITIES LTD    | CUSIP: 136717832<br>LEI: LWV4QIQODEH3VBHUFX07 | Long             | EC               | CORP              | CA        |      3665 | NS      | $128726.83    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| CHECK POINT SOFTWARE TECH | CHECK POINT SOFTWARE TECH | CUSIP: M22465104<br>LEI: 2549003ZVBH73EPNS513 | Long             | EC               | CORP              | IL        |      7159 | NS      | $1022663.15   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| EMERA INC                 | EMERA INC                 | CUSIP: 290876101<br>LEI: NQZVQT2P5IUF2PGA1Q48 | Long             | EC               | CORP              | CA        |      6089 | NS      | $315633.52    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| IMPERIAL OIL LTD          | IMPERIAL OIL LTD          | CUSIP: 453038408<br>LEI: 549300JZNB745JT5WY51 | Long             | EC               | CORP              | CA        |      7253 | NS      | $950017.35    | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| FAIRFAX FINL. HLDGS. LTD  | FAIRFAX FINL. HLDGS. LTD  | CUSIP: 303901102<br>LEI: GLS7OQD0WOEDI8YAP031 | Long             | EC               | CORP              | CA        |      1008 | NS      | $1717549.11   | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| TORONTO-DOMINION BANK/THE | TORONTO-DOMINION BANK/THE | CUSIP: 891160509<br>LEI: PT3QB789TSUIDF371261 | Long             | EC               | CORP              | CA        |     26454 | NS      | $2470637.39   | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| IGM FINL. INC             | IGM FINL. INC             | CUSIP: 449586106<br>LEI: 254900RYHLVJNTUFDA95 | Long             | EC               | CORP              | CA        |     33556 | NS      | $1598800.72   | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| BARCLAYS PLC              | BARCLAYS PLC              | CUSIP: G08036124<br>LEI: 213800LBQA1Y9L22JB70 | Long             | EC               | CORP              | GB        |    419852 | NS      | $2212388.66   | 1.17%             |  |  |  | No            |                  2 | On Loan: No      |
| NEXT PLC                  | NEXT PLC                  | CUSIP: G6500M106<br>LEI: 213800WQD8ECPZP9PH98 | Long             | EC               | CORP              | GB        |      7036 | NS      | $1186538.34   | 0.63%             |  |  |  | No            |                  2 | On Loan: No      |
| COCHLEAR LTD              | COCHLEAR LTD              | CUSIP: Q25953102<br>LEI: 5493001OLLWY8KV5UC08 | Long             | EC               | CORP              | AU        |       955 | NS      | $112150.63    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| DAITO TST. CONSTRUCTION C | DAITO TST. CONSTRUCTION C | CUSIP: J11151107<br>LEI: 353800QQ4DRI3KXS3038 | Long             | EC               | CORP              | JP        |     20400 | NS      | $475127.31    | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| HOYA CORP                 | HOYA CORP                 | CUSIP: J22848105<br>LEI: 353800X4VR3BHEUCJB42 | Long             | EC               | CORP              | JP        |      2400 | NS      | $413990.29    | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| KANSAI ELEC. POWER CO INC | KANSAI ELEC. POWER CO INC | CUSIP: J30169106<br>LEI: 353800PFUKP5ONPJNZ86 | Long             | EC               | CORP              | JP        |      7700 | NS      | $126829.98    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| LASERTEC CORP             | LASERTEC CORP             | CUSIP: J38702106<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |      1500 | NS      | $330733.95    | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| YANGZIJIANG SHIPBUILDING  | YANGZIJIANG SHIPBUILDING  | CUSIP: Y9728A102<br>LEI: 254900Z3JEM14YIGLM66 | Long             | EC               | CORP              | SG        |     73400 | NS      | $218106.58    | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| MAKITA CORP               | MAKITA CORP               | CUSIP: J39584107<br>LEI: 529900CDR9E94BCM6294 | Long             | EC               | CORP              | JP        |     44400 | NS      | $1442066.72   | 0.76%             |  |  |  | No            |                  2 | On Loan: No      |
| ORKLA ASA                 | ORKLA ASA                 | CUSIP: R67787102<br>LEI: 549300PZS8G8RG6RVZ52 | Long             | EC               | CORP              | NO        |     74562 | NS      | $937738.71    | 0.50%             |  |  |  | No            |                  2 | On Loan: No      |
| INDUSTRIVARDEN AB         | INDUSTRIVARDEN AB         | CUSIP: W45430126<br>LEI: 549300TM1DLIQI3B3T37 | Long             | EC               | CORP              | SE        |       482 | NS      | $24005.62     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| GEBERIT AG                | GEBERIT AG                | CUSIP: H2942E124<br>LEI: 52990093Z5OHD6T7BS47 | Long             | EC               | CORP              | CH        |       188 | NS      | $127216.30    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| MITSUBISHI CORP           | MITSUBISHI CORP           | CUSIP: J43830116<br>LEI: KVIPTY4PULAPGC1VVD26 | Long             | EC               | CORP              | JP        |     83900 | NS      | $2881227.52   | 1.53%             |  |  |  | No            |                  2 | On Loan: No      |
| DENSO CORP                | DENSO CORP                | CUSIP: J12075107<br>LEI: 549300RYPA10CQM3QK38 | Long             | EC               | CORP              | JP        |     95500 | NS      | $1185735.74   | 0.63%             |  |  |  | No            |                  2 | On Loan: No      |
| NITTO DENKO CORP          | NITTO DENKO CORP          | CUSIP: J58472119<br>LEI: 3538009GX5P09USH2J25 | Long             | EC               | CORP              | JP        |     64400 | NS      | $1288455.78   | 0.68%             |  |  |  | No            |                  2 | On Loan: No      |
| DANONE SA                 | DANONE SA                 | CUSIP: F12033134<br>LEI: 969500KMUQ2B6CBAF162 | Long             | EC               | CORP              | FR        |      8200 | NS      | $658560.08    | 0.35%             |  |  |  | No            |                  2 | On Loan: No      |
| SUN HUNG KAI PROPS. LTD   | SUN HUNG KAI PROPS. LTD   | CUSIP: Y82594121<br>LEI: 529900LUMD393RD3S874 | Long             | EC               | CORP              | HK        |     39924 | NS      | $676668.17    | 0.36%             |  |  |  | No            |                  2 | On Loan: No      |
| ADVANTEST CORP            | ADVANTEST CORP            | CUSIP: J00210104<br>LEI: 353800EMK32PDKS9XR54 | Long             | EC               | CORP              | JP        |     12600 | NS      | $1704725.40   | 0.90%             |  |  |  | No            |                  2 | On Loan: No      |
| WESFARMERS LTD            | WESFARMERS LTD            | CUSIP: Q95870103<br>LEI: 5493003L32ZX9557ST85 | Long             | EC               | CORP              | AU        |     14029 | NS      | $711163.75    | 0.38%             |  |  |  | No            |                  2 | On Loan: No      |
| YOKOGAWA ELEC. CORP       | YOKOGAWA ELEC. CORP       | CUSIP: J97272124<br>LEI: 529900MV0U7C9WWF4L22 | Long             | EC               | CORP              | JP        |     14500 | NS      | $449153.72    | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| D IETEREN GROUP           | D IETEREN GROUP           | CUSIP: B49343187<br>LEI: 549300DV5KJ23OKVTW34 | Long             | EC               | CORP              | BE        |       868 | NS      | $160473.20    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| NI US GOV T PORTFOLIO     | NI US GOV T PORTFOLIO     | CUSIP: 665278404<br>LEI: 549300Y178DO5JBR1S04 | Long             | STIV             | RF                | US        |   3194243 | NS      | $3194242.93   | 1.69%             |  |  |  | No            |                  1 | On Loan: No      |
| TIS INC                   | TIS INC                   | CUSIP: J8T622102<br>LEI: 35380064HYEZXBQHDF07 | Long             | EC               | CORP              | JP        |     19200 | NS      | $414304.09    | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| SIEMENS HEALTHINEERS AG   | SIEMENS HEALTHINEERS AG   | CUSIP: D6T479107<br>LEI: 529900QBVWXMWANH7H45 | Long             | EC               | CORP              | DE        |      1060 | NS      | $44467.37     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| ENDESA SA                 | ENDESA SA                 | CUSIP: E41222113<br>LEI: 549300LHK07F2CHV4X31 | Long             | EC               | CORP              | ES        |      7860 | NS      | $331460.30    | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| HEIDELBERG MATERIALS AG   | HEIDELBERG MATERIALS AG   | CUSIP: D31709104<br>LEI: LZ2C6E0W5W7LQMX5ZI37 | Long             | EC               | CORP              | DE        |      3287 | NS      | $676986.19    | 0.36%             |  |  |  | No            |                  2 | On Loan: No      |
| ACCIONA SA                | ACCIONA SA                | CUSIP: E0008Z109<br>LEI: 54930002KP75TLLLNO21 | Long             | EC               | CORP              | ES        |      1107 | NS      | $292145.78    | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| FORTUM OYJ                | FORTUM OYJ                | CUSIP: X2978Z118<br>LEI: 635400IUIZZIUJSAMF76 | Long             | EC               | CORP              | FI        |      3920 | NS      | $99635.95     | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| NATURGY ENERGY GRP. SA    | NATURGY ENERGY GRP. SA    | CUSIP: E7S90S109<br>LEI: TL2N6M87CW970S5SV098 | Long             | EC               | CORP              | ES        |      8288 | NS      | $248835.12    | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| FRESENIUS MEDICAL CARE AG | FRESENIUS MEDICAL CARE AG | CUSIP: D2734Z107<br>LEI: 549300CP8NY40UP89Q40 | Long             | EC               | CORP              | DE        |     17476 | NS      | $777530.85    | 0.41%             |  |  |  | No            |                  2 | On Loan: No      |
| DEUTSCHE TELEKOM AG       | DEUTSCHE TELEKOM AG       | CUSIP: D2035M136<br>LEI: 549300V9QSIG4WX4GJ96 | Long             | EC               | CORP              | DE        |     64931 | NS      | $2394269.15   | 1.27%             |  |  |  | No            |                  2 | On Loan: No      |
| SOCIETE GENERALE SA       | SOCIETE GENERALE SA       | CUSIP: F8591M517<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | EC               | CORP              | FR        |     25816 | NS      | $1884983.60   | 1.00%             |  |  |  | No            |                  2 | On Loan: No      |
| KONE OYJ                  | KONE OYJ                  | CUSIP: X4551T105<br>LEI: 2138001CNF45JP5XZK38 | Long             | EC               | CORP              | FI        |      5091 | NS      | $324583.43    | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| ENGIE SA                  | ENGIE SA                  | CUSIP: F7629A107<br>LEI: LAXUQCHT4FH58LRZDY46 | Long             | EC               | CORP              | FR        |     20887 | NS      | $673400.78    | 0.36%             |  |  |  | No            |                  2 | On Loan: No      |
| DBS GRP. HLDGS. LTD       | DBS GRP. HLDGS. LTD       | CUSIP: Y20246107<br>LEI: 5493007FKT78NKPM5V55 | Long             | EC               | CORP              | SG        |       900 | NS      | $39990.01     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| ORIGIN ENERGY LTD         | ORIGIN ENERGY LTD         | CUSIP: Q71610101<br>LEI: ZSN2LWNPYW6ISMRUC664 | Long             | EC               | CORP              | AU        |     37621 | NS      | $322426.09    | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| ARISTOCRAT LEISURE LTD    | ARISTOCRAT LEISURE LTD    | CUSIP: Q0521T108<br>LEI: 529900TE2HO3OZKYKC27 | Long             | EC               | CORP              | AU        |      3087 | NS      | $98087.39     | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| MIZUHO FINL. GRP. INC     | MIZUHO FINL. GRP. INC     | CUSIP: J4599L102<br>LEI: 353800CI5L6DDAN5XZ33 | Long             | EC               | CORP              | JP        |     51600 | NS      | $2059606.21   | 1.09%             |  |  |  | No            |                  2 | On Loan: No      |
| KAO CORP                  | KAO CORP                  | CUSIP: J30642169<br>LEI: 353800HM38HFCB8RGL63 | Long             | EC               | CORP              | JP        |     26000 | NS      | $1015953.76   | 0.54%             |  |  |  | No            |                  2 | On Loan: No      |
| AIB GRP. PLC              | AIB GRP. PLC              | CUSIP: G0R4HJ106<br>LEI: 635400AKJBGNS5WNQL34 | Long             | EC               | CORP              | IE        |    157400 | NS      | $1674094.12   | 0.89%             |  |  |  | No            |                  2 | On Loan: No      |
| JAPAN AIRLINES CO LTD     | JAPAN AIRLINES CO LTD     | CUSIP: J25979121<br>LEI: 3538002MH5L1QZZ93477 | Long             | EC               | CORP              | JP        |     33500 | NS      | $545046.78    | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| SINGAPORE TECHS. ENG. LTD | SINGAPORE TECHS. ENG. LTD | CUSIP: Y7996W103<br>LEI: 254900OEXGGWCR24DG90 | Long             | EC               | CORP              | SG        |    107200 | NS      | $913630.47    | 0.48%             |  |  |  | No            |                  2 | On Loan: No      |
| NOMURA RESEARCH INSTITUTE | NOMURA RESEARCH INSTITUTE | CUSIP: J5900F106<br>LEI: 5299005F1HCVF4M4QN79 | Long             | EC               | CORP              | JP        |     23600 | NS      | $653898.16    | 0.35%             |  |  |  | No            |                  2 | On Loan: No      |
| BANK HAPOALIM BM          | BANK HAPOALIM BM          | CUSIP: M1586M115<br>LEI: B6ARUI4946ST4S7WOU88 | Long             | EC               | CORP              | IL        |     12826 | NS      | $300210.35    | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| LY CORP NPV               | LY CORP NPV               | CUSIP: J9894K105<br>LEI: 52990078MD2OL792YM35 | Long             | EC               | CORP              | JP        |    403500 | NS      | $977943.47    | 0.52%             |  |  |  | No            |                  2 | On Loan: No      |
| TELSTRA GROUP LTD         | TELSTRA GROUP LTD         | CUSIP: Q8975N105<br>LEI: 894500WRW54CVN62K416 | Long             | EC               | CORP              | AU        |    111569 | NS      | $410913.71    | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| BHP GRP. LTD              | BHP GRP. LTD              | CUSIP: Q1498M100<br>LEI: WZE1WSENV6JSZFK0JC28 | Long             | EC               | CORP              | AU        |      1273 | NS      | $46513.15     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| SUBARU CORP               | SUBARU CORP               | CUSIP: J7676H100<br>LEI: 549300N244BVAEE6HH86 | Long             | EC               | CORP              | JP        |     71500 | NS      | $1142235.28   | 0.61%             |  |  |  | No            |                  2 | On Loan: No      |
| HITACHI LTD               | HITACHI LTD               | CUSIP: J20454112<br>LEI: 549300T6IPOCDWLKC615 | Long             | EC               | CORP              | JP        |      7600 | NS      | $222114.72    | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| HONG KONG & CHINA GAS CO  | HONG KONG & CHINA GAS CO  | CUSIP: Y33370100<br>LEI: 254900P7BETXGC7YU827 | Long             | EC               | CORP              | HK        |     63713 | NS      | $58402.00     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| ICL GROUP LTD             | ICL GROUP LTD             | CUSIP: M53213100<br>LEI: 529900FQVQD88SHIGM04 | Long             | EC               | CORP              | IL        |     84954 | NS      | $437732.14    | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| MURATA MFG. CO LTD        | MURATA MFG. CO LTD        | CUSIP: J46840104<br>LEI: 529900QZG6DL8ZRI7140 | Long             | EC               | CORP              | JP        |     76600 | NS      | $1717427.02   | 0.91%             |  |  |  | No            |                  2 | On Loan: No      |
| NIPPON YUSEN KK           | NIPPON YUSEN KK           | CUSIP: J56515232<br>LEI: 353800YPW4XM0ZN5I149 | Long             | EC               | CORP              | JP        |     13700 | NS      | $502820.96    | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| VINCI SA                  | VINCI SA                  | CUSIP: F5879X108<br>LEI: 213800WFQ334R8UXUG83 | Long             | EC               | CORP              | FR        |      1567 | NS      | $234685.62    | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| EUREXDEU                  | FUT. EURX E-STXX JUN26    | CUSIP: 02052FAB5<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |        45 | NC      | $2858128.29   | 1.52%             |  |  |  | No            |                  1 | On Loan: No      |
| LIFFE                     | FUT. FTSE JUN26           | CUSIP: 02052FAB5<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |         6 | NC      | $809963.84    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| MONTREAL                  | FUT. ME S&P CAN JUN26     | CUSIP: 02052FAB5<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |         2 | NC      | $548573.08    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| IMM                       | FUT. NIKKEI 225-YEN JUN26 | CUSIP: 02052FAB5<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |         9 | NC      | $1504914.78   | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| SFE                       | JUN 26 SFE SPI 200JUN 26  | CUSIP: 02052FAB5<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |         3 | NC      | $440515.86    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-04-30

**Name of Applicant:** Northern Funds

**Signature:** Randal E. Rein

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

**Title:** Treasurer and Principal Financial Officer