# EDGAR Filing Document

**Accession Number:** 0001123460
**File Stem:** 0001752724-23-015828
**Filing Date:** 2023-1
**Character Count:** 23380
**Document Hash:** db7fff51e362701d33ce23b2daf117ea
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-015828.hdr.sgml**: 20230127

**ACCESSION NUMBER**: 0001752724-23-015828

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221130

**FILED AS OF DATE**: 20230127

**DATE AS OF CHANGE**: 20230127

**PERIOD START**: 20221130

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** NORTH COUNTRY FUNDS
- **CENTRAL INDEX KEY:** 0001123460
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-10123
- **FILM NUMBER:** 23560400

**BUSINESS ADDRESS:**
- **STREET 1:** GEMINI FUND SERVICES, LLC.
- **STREET 2:** 450 WIRELESS BOULEVARD
- **CITY:** HAUPPAUGE
- **STATE:** NY
- **ZIP:** 11788
- **BUSINESS PHONE:** 631-470-2600

**MAIL ADDRESS:**
- **STREET 1:** GEMINI FUND SERVICES, LLC.
- **STREET 2:** 450 WIRELESS BOULEVARD
- **CITY:** HAUPPAUGE
- **STATE:** NY
- **ZIP:** 11788

## Series and Classes Contracts Data

### The North Country Large Cap Equity Fund (Series ID: S000011072)

| Class ID   | Class Name                              | Ticker Symbol   |
|:---|:---|:---|
| C000030518 | The North Country Large Cap Equity Fund | NCEGX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** North Country Funds

- **b. Investment Company Act file number:** 811-10123

- **c. CIK number of Registrant:** 0001123460

- **d. LEI of Registrant:** 549300TC2FNUIB870520

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

  - **Street Address 1:** GEMINI FUND SERVICES, LLC.

  - **City:** HAUPPAUGE

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 11788

  - **Telephone number:** 631-470-2600

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

- **a. Name of Series:** North Country Large Cap Equity Fund

- **b. EDGAR series identifier (if any):** S000011072

- **c. LEI of Series:** 549300WVJUIGLLMN1A93

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

- **a. Date of fiscal year-end:** 2022-11-30

- **b. Date as of which information is reported:** 2022-11-30

**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:** $131726102.77

**Total Liabilities:** $139904.81

**Net Assets:** $131586197.96

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000030518 | -9.21%               | 8.16%                | 5.66%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $-11990717.50                              |
| Month 2  | $3632212.90              | $5936769.38                                |
| Month 3  | $1007283.80              | $5832895.65                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Alexandria Real Estate Equities, Inc. | ALEXANDRIA REAL  | CUSIP: 015271109<br>LEI: MGCJBT4MKTQBVLNUIS88 | Long             | EC               | CORP              | US        |      1500 | NS      | $233415.00    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Berkshire Hathaway Inc.               | BERKSHIRE HATH-B | CUSIP: 084670702<br>LEI: 5493000C01ZX7D35SD85 | Long             | EC               | CORP              | US        |      9550 | NS      | $3042630.00   | 2.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Home Depot Inc                        | HOME DEPOT INC   | CUSIP: 437076102<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | EC               | CORP              | US        |     12200 | NS      | $3952678.00   | 3.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Caterpillar Inc                       | CATERPILLAR INC  | CUSIP: 149123101<br>LEI: WRJR7GS4GTRECRRTVX92 | Long             | EC               | CORP              | US        |      4000 | NS      | $945640.00    | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Air Products & Chemicals, Inc.        | AIR PRODS & CHEM | CUSIP: 009158106<br>LEI: 7QEON6Y1RL5XR3R1W237 | Long             | EC               | CORP              | US        |      2700 | NS      | $837432.00    | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| BlackRock Liquidity Funds             | BLKR-LIQ TRS-INS | CUSIP: 09248U551<br>LEI: 5493007YVNX55LTRQ706 | Long             | STIV             | RF                | US        |   2951607 | PA      | $2951607.09   | 2.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple Inc.                            | APPLE INC        | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |     57500 | NS      | $8511725.00   | 6.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                        | MORGAN STANLEY   | CUSIP: 617446448<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EC               | CORP              | US        |     11300 | NS      | $1051691.00   | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Southern Co.                          | SOUTHERN CO      | CUSIP: 842587107<br>LEI: 549300FC3G3YU2FBZD92 | Long             | EC               | CORP              | US        |      9150 | NS      | $618906.00    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Intercontinental Exchange Inc         | INTERCONTINENTAL | CUSIP: 45866F104<br>LEI: 5493000F4ZO33MV32P92 | Long             | EC               | CORP              | US        |     26350 | NS      | $2853968.50   | 2.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Ecolab Inc.                           | ECOLAB INC       | CUSIP: 278865100<br>LEI: 82DYEISM090VG8LTLS26 | Long             | EC               | CORP              | US        |      3900 | NS      | $584337.00    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Danaher Corporation                   | DANAHER CORP     | CUSIP: 235851102<br>LEI: S4BKK9OTCEWQ3YHPFM11 | Long             | EC               | CORP              | US        |      5000 | NS      | $1367050.00   | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| McDonald's Corporation                | MCDONALDS CORP   | CUSIP: 580135101<br>LEI: UE2136O97NLB5BYP9H04 | Long             | EC               | CORP              | US        |      2600 | NS      | $709254.00    | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| United Parcel Service, Inc.           | UNITED PARCEL-B  | CUSIP: 911312106<br>LEI: D01LMJZU09ULLNCY6Z23 | Long             | EC               | CORP              | US        |     11400 | NS      | $2162922.00   | 1.64%             |  |  |  | No            |                  1 | On Loan: No      |
| UnitedHealth Group Inc.               | UNITEDHEALTH GRP | CUSIP: 91324P102<br>LEI: 549300GHBMY8T5GXDE41 | Long             | EC               | CORP              | US        |      6100 | NS      | $3341336.00   | 2.54%             |  |  |  | No            |                  1 | On Loan: No      |
| QUALCOMM Inc.                         | QUALCOMM INC     | CUSIP: 747525103<br>LEI: H1J8DDZKZP6H7RWC0H53 | Long             | EC               | CORP              | US        |     13750 | NS      | $1739237.50   | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Sysco Corporation                     | SYSCO CORP       | CUSIP: 871829107<br>LEI: 5RGWIFLMGH3YS7KWI652 | Long             | EC               | CORP              | US        |     17500 | NS      | $1513925.00   | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Cisco Systems, Inc.                   | CISCO SYSTEMS    | CUSIP: 17275R102<br>LEI: 549300LKFJ962MZ46593 | Long             | EC               | CORP              | US        |     30750 | NS      | $1528890.00   | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Oracle Corporation                    | ORACLE CORP      | CUSIP: 68389X105<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | EC               | CORP              | US        |     19000 | NS      | $1577570.00   | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Dominion Energy Inc                   | DOMINION ENERGY  | CUSIP: 25746U109<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | EC               | CORP              | US        |      8000 | NS      | $488880.00    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA Corp.                          | NVIDIA CORP      | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |      6500 | NS      | $1099995.00   | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| The Williams Companies, Inc.          | WILLIAMS COS INC | CUSIP: 969457100<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | EC               | CORP              | US        |     34400 | NS      | $1193680.00   | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Public Storage                        | PUBLIC STORAGE   | CUSIP: 74460D109<br>LEI: 549300LMZF40TKJ6DM64 | Long             | EC               | CORP              | US        |      1900 | NS      | $566124.00    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Adobe Inc                             | ADOBE INC        | CUSIP: 00724F101<br>LEI: FU4LY2G4933NH2E1CP29 | Long             | EC               | CORP              | US        |     10000 | NS      | $3449300.00   | 2.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Honeywell International Inc.          | HONEYWELL INTL   | CUSIP: 438516106<br>LEI: ISRPG12PN4EIEOEMW547 | Long             | EC               | CORP              | US        |     10000 | NS      | $2195500.00   | 1.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Union Pacific Corporation             | UNION PAC CORP   | CUSIP: 907818108<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | EC               | CORP              | US        |      5300 | NS      | $1152379.00   | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Waste Management, Inc.                | WASTE MANAGEMENT | CUSIP: 94106L109<br>LEI: 549300YX8JIID70NFS41 | Long             | EC               | CORP              | US        |     18000 | NS      | $3018960.00   | 2.29%             |  |  |  | No            |                  1 | On Loan: No      |
| The Procter & Gamble Company          | PROCTER & GAMBLE | CUSIP: 742718109<br>LEI: 2572IBTT8CCZW6AU4141 | Long             | EC               | CORP              | US        |     15400 | NS      | $2297064.00   | 1.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Costco Wholesale Corporation          | COSTCO WHOLESALE | CUSIP: 22160K105<br>LEI: 29DX7H14B9S6O3FD6V18 | Long             | EC               | CORP              | US        |      3175 | NS      | $1712118.75   | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Pfizer Inc.                           | PFIZER INC       | CUSIP: 717081103<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | EC               | CORP              | US        |     54500 | NS      | $2732085.00   | 2.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Walmart Inc                           | WALMART INC      | CUSIP: 931142103<br>LEI: Y87794H0US1R65VBXU25 | Long             | EC               | CORP              | US        |     15500 | NS      | $2362510.00   | 1.80%             |  |  |  | No            |                  1 | On Loan: No      |
| American Tower Corporation            | AMERICAN TOWER C | CUSIP: 03027X100<br>LEI: 5493006ORUSIL88JOE18 | Long             | EC               | CORP              | US        |      2350 | NS      | $519937.50    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| The Sherwin-Williams Company          | SHERWIN-WILLIAMS | CUSIP: 824348106<br>LEI: Z15BMIOX8DDH0X2OBP21 | Long             | EC               | CORP              | US        |      6250 | NS      | $1557375.00   | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| The TJX Companies Inc.                | TJX COS INC      | CUSIP: 872540109<br>LEI: V167QI9I69W364E2DY52 | Long             | EC               | CORP              | US        |     23050 | NS      | $1845152.50   | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Dollar Tree Inc                       | DOLLAR TREE INC  | CUSIP: 256746108<br>LEI: 549300PMSTQITB1WHR43 | Long             | EC               | CORP              | US        |      8400 | NS      | $1262436.00   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Salesforce Inc                        | SALESFORCE INC   | CUSIP: 79466L302<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | EC               | CORP              | US        |     19400 | NS      | $3108850.00   | 2.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Visa Inc                              | VISA INC-CLASS A | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |     18125 | NS      | $3933125.00   | 2.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc.                         | ALPHABET INC-A   | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |     39000 | NS      | $3938610.00   | 2.99%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase & Co.                  | JPMORGAN CHASE   | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |     21700 | NS      | $2998506.00   | 2.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of America Corporation           | BANK OF AMERICA  | CUSIP: 060505104<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EC               | CORP              | US        |     69500 | NS      | $2630575.00   | 2.00%             |  |  |  | No            |                  1 | On Loan: No      |
| LyondellBasell Industries NV          | LYONDELLBASELL-A | CUSIP: N53745100<br>LEI: BN6WCCZ8OVP3ITUUVN49 | Long             | EC               | CORP              | NL        |      8500 | NS      | $722585.00    | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Verizon Communications Inc.           | VERIZON COMMUNIC | CUSIP: 92343V104<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | EC               | CORP              | US        |     15000 | NS      | $584700.00    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Digital Realty Trust Inc              | DIGITAL REALTY   | CUSIP: 253868103<br>LEI: 549300HKCZ31D08NEI41 | Long             | EC               | CORP              | US        |      9000 | NS      | $1012140.00   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Walt Disney Company                   | WALT DISNEY CO   | CUSIP: 254687106<br>LEI: 549300GZKULIZ0WOW665 | Long             | EC               | CORP              | US        |     12950 | NS      | $1267416.50   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Vulcan Materials Company              | VULCAN MATERIALS | CUSIP: 929160109<br>LEI: 549300Q8LSNHAVWBNI21 | Long             | EC               | CORP              | US        |      3000 | NS      | $549990.00    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Nextera Energy Inc                    | NEXTERA ENERGY   | CUSIP: 65339F101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5500 | NS      | $465850.00    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Amazon.com, Inc.                      | AMAZON.COM INC   | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |     35000 | NS      | $3378900.00   | 2.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Thermo Fisher Scientific Inc          | THERMO FISHER    | CUSIP: 883556102<br>LEI: HCHV7422L5HDJZCRFL38 | Long             | EC               | CORP              | US        |      5825 | NS      | $3263281.50   | 2.48%             |  |  |  | No            |                  1 | On Loan: No      |
| BlackRock, Inc.                       | BLACKROCK INC    | CUSIP: 09247X101<br>LEI: 549300LRIF3NWCU26A80 | Long             | EC               | CORP              | US        |      3350 | NS      | $2398600.00   | 1.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Meta Platforms Inc                    | META PLATFORMS-A | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |      5500 | NS      | $649550.00    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Stryker Corporation                   | STRYKER CORP     | CUSIP: 863667101<br>LEI: 5493002F0SC4JTBU5137 | Long             | EC               | CORP              | US        |      9000 | NS      | $2105010.00   | 1.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Amphenol Corporation                  | AMPHENOL CORP-A  | CUSIP: 032095101<br>LEI: 549300D3L3G0R4U4VT04 | Long             | EC               | CORP              | US        |     35000 | NS      | $2815050.00   | 2.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Exxon Mobil Corporation               | EXXON MOBIL CORP | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |     10100 | NS      | $1124534.00   | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Pepsico Inc                           | PEPSICO INC      | CUSIP: 713448108<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | EC               | CORP              | US        |     13200 | NS      | $2448732.00   | 1.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Capital One Financial Corporation     | CAPITAL ONE FINA | CUSIP: 14040H105<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | EC               | CORP              | US        |      6800 | NS      | $702032.00    | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Amgen Inc.                            | AMGEN INC        | CUSIP: 031162100<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | EC               | CORP              | US        |     11900 | NS      | $3408160.00   | 2.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corporation                 | MICROSOFT CORP   | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |     30000 | NS      | $7654200.00   | 5.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs Group, Inc.             | GOLDMAN SACHS GP | CUSIP: 38141G104<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | EC               | CORP              | US        |      2600 | NS      | $1003990.00   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Dominos Pizza Inc                     | DOMINO'S PIZZA   | CUSIP: 25754A201<br>LEI: 25490005ZWM1IF9UXU57 | Long             | EC               | CORP              | US        |      3800 | NS      | $1477174.00   | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Johnson & Johnson                     | JOHNSON&JOHNSON  | CUSIP: 478160104<br>LEI: 549300G0CFPGEF6X2043 | Long             | EC               | CORP              | US        |     18500 | NS      | $3293000.00   | 2.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Abbott Laboratories                   | ABBOTT LABS      | CUSIP: 002824100<br>LEI: HQD377W2YR662HK5JX27 | Long             | EC               | CORP              | US        |     20000 | NS      | $2151600.00   | 1.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Masco Corporation                     | MASCO CORP       | CUSIP: 574599106<br>LEI: 5GCSNMQXHEYA1JO8QN11 | Long             | EC               | CORP              | US        |     33000 | NS      | $1675740.00   | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Activision Blizzard Inc               | ACTIVISION BLIZZ | CUSIP: 00507V109<br>LEI: 549300TPQQDBP9GNOF40 | Long             | EC               | CORP              | US        |     17500 | NS      | $1294125.00   | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Chevron Corporation                   | CHEVRON CORP     | CUSIP: 166764100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      8400 | NS      | $1539804.00   | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Netflix, Inc.                         | NETFLIX INC      | CUSIP: 64110L106<br>LEI: 549300Y7VHGU0I7CE873 | Long             | EC               | CORP              | US        |      3000 | NS      | $916590.00    | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2022-12-28

**Name of Applicant:** North Country Funds

**Signature:** Rich Gleason

**Name of Signer:** Rich Gleason

**Title:** Treasurer