# EDGAR Filing Document

**Accession Number:** 0001088323
**File Stem:** 0001162044-26-000164
**Filing Date:** 2026-2
**Character Count:** 32675
**Document Hash:** 759f91d446202a67ace7dc935583c5a7
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001162044-26-000164.hdr.sgml**: 20260227

**ACCESSION NUMBER**: 0001162044-26-000164

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260227

**DATE AS OF CHANGE**: 20260227

**PERIOD START**: 20260331

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** FORESTER FUNDS INC
- **CENTRAL INDEX KEY:** 0001088323

**ORGANIZATION NAME:**
- **EIN:** 364297578
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 0331

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-09391
- **FILM NUMBER:** 26695692

**BUSINESS ADDRESS:**
- **STREET 1:** 612 PADDOCK
- **CITY:** LIBERTYVILLE
- **STATE:** IL
- **ZIP:** 60048
- **BUSINESS PHONE:** 224-544-5123

**MAIL ADDRESS:**
- **STREET 1:** 612 PADDOCK
- **CITY:** LIBERTYVILLE
- **STATE:** IL
- **ZIP:** 60048

## Series and Classes Contracts Data

### Forester Value Fund (Series ID: S000004887)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000013241 | Class N      | FVALX           |
| C000077922 | Class I      | FVILX           |
| C000090611 | Class R      | FVRLX           |

## Nport-Ex

---

| | | | |
|:---|:---|:---|:---|
| **Schedule of Investments** | **Schedule of Investments** | **Schedule of Investments** | **Schedule of Investments** |
| **December 31, 2025 (unaudited)** | **December 31, 2025 (unaudited)** | **December 31, 2025 (unaudited)** | **December 31, 2025 (unaudited)** |
| **<u>Forester Value Fund</u>** | **<u>Forester Value Fund</u>** | **<u>Forester Value Fund</u>** | **<u>Forester Value Fund</u>** |
|  |  | **Shares or Principal** |  |
| **Security Description** |  | **Amount ($)** | **Fair Value ($)(1)** |
| **Common Stocks - 66.53%** | **Common Stocks - 66.53%** | **Common Stocks - 66.53%** | **Common Stocks - 66.53%** |
| **Communication Services - 2.58%** |  |  |  |
| Verizon Communications, Inc. |  | 2230  | 90828  |
| **Consumer Cyclical - 0.94%** |  |  |  |
| Lululemon Athletica, Inc. (2) |  | 160  | 33250  |
| **Consumer Discretionary - 2.05%** |  |  |  |
| eBay, Inc. |  | 830  | 72293  |
| **Consumer Staples - 11.87%** |  |  |  |
| Altria Group, Inc. |  | 1230  | 70922  |
| The Campbell's Co. (2) |  | 1200  | 33444  |
| General Mills, Inc. |  | 1360  | 63240  |
| The Kraft Heinz Co. |  | 2320  | 56260  |
| The JM Smucker Co. |  | 750  | 73358  |
| The Kroger Co. |  | 1100  | 68728  |
| Tyson Foods, Inc. Class A |  | 900  | 52758  |
|  |  |  | 418709  |
| **Energy - 6.13%** |  |  |  |
| Chevron Corp. |  | 250  | 38103  |
| Diamondback Energy, Inc. |  | 200  | 30066  |
| Energy Transfer LP |  | 3000  | 49470  |
| Exxon Mobil Corp. |  | 820  | 98679  |
|  |  |  | 216317  |
| **Financials - 9.50%** |  |  |  |
| Allstate Corp. |  | 350  | 72853  |
| Aon plc (United Kingdom) |  | 100  | 35288  |
| Chubb Ltd. (Switzerland) |  | 230  | 71788  |
| The Travelers Cos., Inc. |  | 270  | 78316  |
| US Bancorp, Inc. |  | 1440  | 76838  |
|  |  |  | 335083  |
| **Health Care - 15.50%** |  |  |  |
| Amgen, Inc.  |  | 270  | 88374  |
| Baxter International, Inc. |  | 2000  | 38220  |
| Cardinal Health, Inc. |  | 500  | 102750  |
| Cigna Corp. (2) |  | 160  | 44037  |
| CVS Health Corp. |  | 800  | 63488  |
| Johnson & Johnson |  | 360  | 74502  |
| Teva Pharmaceutical Industries Ltd. ADR (2) |  | 3490  | 108923  |
| UnitedHealth Group, Inc. |  | 80  | 26409  |
|  |  |  | 546702  |
| **Industrials - 5.11%** |  |  |  |
| Fedex Corp. |  | 200  | 57772  |
| The 3M Co. |  | 500  | 80050  |
| Quanta Services, Inc. |  | 100  | 42206  |
|  |  |  | 180028  |
| **Information Technology - 1.68%** |  |  |  |
| International Business Machines Corp. |  | 200  | 59242  |
| **Materials - 4.79%** |  |  |  |
| Agnico Eagle Mines, Ltd. (Canada) |  | 450  | 76289  |
| Alamos Gold, Inc. |  | 2400  | 92592  |
|  |  |  | 168881  |
| **Utilities - 6.36%** |  |  |  |
| Dominion Energy, Inc.  |  | 1170  | 68550  |
| Exelon Corp. |  | 1480  | 64513  |
| First Energy Corp. |  | 2040  | 91331  |
|  |  |  | 224394  |
| Total Common Stock |  | (Cost $1,438,034) | 2345727  |
| **U.S. Government Obligations - 28.02%** | **U.S. Government Obligations - 28.02%** | **U.S. Government Obligations - 28.02%** | **U.S. Government Obligations - 28.02%** |
| U.S. Government Treasury Bill, 0.00%, 04/16/2026 |  | 700000  | 692876  |
| U.S. Government Treasury Bill, 0.00%, 06/25/2026 |  | 300000  | 294943  |
| Total U.S. Government Obligations | Total U.S. Government Obligations | (Cost $983,100) | 987819  |
| **Money Market Registered Investment Companies - 4.44%** | **Money Market Registered Investment Companies - 4.44%** | **Money Market Registered Investment Companies - 4.44%** | **Money Market Registered Investment Companies - 4.44%** |
| Morgan Stanley Institutional Liquidity Fund Treasury Portfolio, Institutional Class - 3.63% (4) | Morgan Stanley Institutional Liquidity Fund Treasury Portfolio, Institutional Class - 3.63% (4) | 156524  | 156524  |
| Total Money Market Registered Investment Companies | Total Money Market Registered Investment Companies | (Cost $156,524) | 156524  |
| **Total Investments - 99.57%** | **Total Investments - 99.57%** | (Cost $2,621,921) | 3510766  |
| Other Assets Less Liabilities - 0.43% | Other Assets Less Liabilities - 0.43% |  | 15232  |
| Total Net Assets - 100.00% | Total Net Assets - 100.00% |  | 3525998  |
| **Options - 0.59%** | **Options - 0.59%** | **Options - 0.59%** | **Options - 0.59%** |
|  | **Long (Short)** | **Notional Value of** | **Fair** |
|  | **<u>Contracts (5)</u>** | **<u>Contracts ($) (6)</u>** | **<u>Value ($)</u>** |
| **Put Options** |  |  |  |
| S&P 500 Index, February 20, 2026, Put @ $6,300.00 (6) | 80 | 6300000  | 20696  |
| Total Options | 80 | (Cost $43,547) | 20696  |
| (1) ***Statement on Financial Accounting Standard No. 157 "Fair Value Measurements"*** - Various inputs are used in determining the value of the Fund's investments. | (1) ***Statement on Financial Accounting Standard No. 157 "Fair Value Measurements"*** - Various inputs are used in determining the value of the Fund's investments. | (1) ***Statement on Financial Accounting Standard No. 157 "Fair Value Measurements"*** - Various inputs are used in determining the value of the Fund's investments. | (1) ***Statement on Financial Accounting Standard No. 157 "Fair Value Measurements"*** - Various inputs are used in determining the value of the Fund's investments. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;These inputs are summarized in the three broad levels listed below. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;These inputs are summarized in the three broad levels listed below. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;These inputs are summarized in the three broad levels listed below. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;These inputs are summarized in the three broad levels listed below. |
| • Level 1 - quoted prices in active markets for identical securities | • Level 1 - quoted prices in active markets for identical securities | • Level 1 - quoted prices in active markets for identical securities | • Level 1 - quoted prices in active markets for identical securities |
| • Level 2 - other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.) | • Level 2 - other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.) | • Level 2 - other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.) | • Level 2 - other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.) |
| • Level 3 - significant unobservable inputs (including the Fund's own assumptions in determining the fair value of investments) | • Level 3 - significant unobservable inputs (including the Fund's own assumptions in determining the fair value of investments) | • Level 3 - significant unobservable inputs (including the Fund's own assumptions in determining the fair value of investments) | • Level 3 - significant unobservable inputs (including the Fund's own assumptions in determining the fair value of investments) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following is a summary of the inputs used as of December 31, 2025 in valuing the Fund's assets carried at fair value: | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following is a summary of the inputs used as of December 31, 2025 in valuing the Fund's assets carried at fair value: | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following is a summary of the inputs used as of December 31, 2025 in valuing the Fund's assets carried at fair value: | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following is a summary of the inputs used as of December 31, 2025 in valuing the Fund's assets carried at fair value: |
|  |  | Investments in  | Other Financial |
| Valuation Inputs |  | Securities | Instruments (9) |
| Level 1 - Quoted Prices |  | $3510766 | $ |
| Level 2 - Other Significant Observable Inputs |  | - | - |
| Level 3 - Significant Unobservable Inputs |  | - | - |
| Total |  | $3510766 | $ |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. For example, short-term | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. For example, short-term | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. For example, short-term | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. For example, short-term |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;debt instruments and repurchase agreements with a maturity of less than 60 days are valued using amortized cost, in accordance with rules under the Investment | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;debt instruments and repurchase agreements with a maturity of less than 60 days are valued using amortized cost, in accordance with rules under the Investment | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;debt instruments and repurchase agreements with a maturity of less than 60 days are valued using amortized cost, in accordance with rules under the Investment | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;debt instruments and repurchase agreements with a maturity of less than 60 days are valued using amortized cost, in accordance with rules under the Investment |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Company Act of 1940. Generally, amortized cost approximates the current fair value of a security, but since the value is not obtained from a quoted price in an active | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Company Act of 1940. Generally, amortized cost approximates the current fair value of a security, but since the value is not obtained from a quoted price in an active | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Company Act of 1940. Generally, amortized cost approximates the current fair value of a security, but since the value is not obtained from a quoted price in an active | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Company Act of 1940. Generally, amortized cost approximates the current fair value of a security, but since the value is not obtained from a quoted price in an active |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;market, such securities are reflected as Level 2. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;market, such securities are reflected as Level 2. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;market, such securities are reflected as Level 2. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;market, such securities are reflected as Level 2. |
| (2) Represents non-income producing securities. | (2) Represents non-income producing securities. | (2) Represents non-income producing securities. | (2) Represents non-income producing securities. |
| (4) Variable rate security; the coupon rate shown represents the yield at December 31, 2025.  | (4) Variable rate security; the coupon rate shown represents the yield at December 31, 2025.  | (4) Variable rate security; the coupon rate shown represents the yield at December 31, 2025.  | (4) Variable rate security; the coupon rate shown represents the yield at December 31, 2025.  |
| (6) The notional amount is calculated by multiplying outstanding contracts by the exercise price at December 31, 2025.  | (6) The notional amount is calculated by multiplying outstanding contracts by the exercise price at December 31, 2025.  | (6) The notional amount is calculated by multiplying outstanding contracts by the exercise price at December 31, 2025.  | (6) The notional amount is calculated by multiplying outstanding contracts by the exercise price at December 31, 2025.  |

---

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** FORESTER FUNDS INC

- **b. Investment Company Act file number:** 811-09391

- **c. CIK number of Registrant:** 0001088323

- **d. LEI of Registrant:** 549300HUEIDHTPEMXI96

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

  - **Street Address 1:** 612 Paddock

  - **City:** Libertyville

  - **State:** IL

  - **Foreign country:** US

  - **Zip / Postal Code:** 60048

  - **Telephone number:** 224-544-5123

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

- **a. Name of Series:** Forester Value Fund

- **b. EDGAR series identifier (if any):** S000004887

- **c. LEI of Series:** 549300P6TVRJIQF86J18

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

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

- **b. Date as of which information is reported:** 2025-12-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $3530121.00

**Total Liabilities:** $4123.15

**Net Assets:** $3525997.85

**Cash Not Reported:** $1716.52

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000013241 | -1.98%               | 3.70%                | -1.18%               |
| Class ID C000077922 | -1.90%               | 3.72%                | -1.39%               |
| Class ID C000090611 | -2.13%               | 3.89%                | -1.36%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $18131.25                | $-79676.12                                 |
| Month 2  | $112674.06               | $43533.26                                  |
| Month 3  | $0.00                    | $-22919.14                                 |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| The Allstate Corp.                                             | The Allstate Corp.                                                                  | CUSIP: 020002101<br>LEI: OBT0W1ED8G0NWVOLOJ77 | Long             | EC               | CORP              | US        |       350 | NS      | $72852.50     | 2.07%             |  |  |  | No            |                  1 | On Loan: No      |
| 3M Co.                                                         | 3M Co.                                                                              | CUSIP: 88579Y101<br>LEI: LUZQVYP4VS22CLWDAR65 | Long             | EC               | CORP              | US        |       500 | NS      | $80050.00     | 2.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Agnico Eagle Mines Ltd.                                        | Agnico Eagle Mines Ltd.                                                             | CUSIP: 008474108<br>LEI: YGE0EUBRF7IJOB3QRX76 | Long             | EC               | CORP              | CA        |       450 | NS      | $76288.50     | 2.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Alamos Gold, Inc.                                              | Alamos Gold, Inc.                                                                   | CUSIP: 011532108<br>LEI: 549300TDOX73YGYXE959 | Long             | EC               | CORP              | CA        |      2400 | NS      | $92592.00     | 2.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Altria Group, Inc.                                             | Altria Group, Inc.                                                                  | CUSIP: 02209S103<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | EC               | CORP              | US        |      1230 | NS      | $70921.80     | 2.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Amgen, Inc.                                                    | Amgen, Inc.                                                                         | CUSIP: 031162100<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | EC               | CORP              | US        |       270 | NS      | $88373.70     | 2.51%             |  |  |  | No            |                  1 | On Loan: No      |
| AON plc                                                        | AON plc                                                                             | CUSIP: G0403H108<br>LEI: VVT2B79I2Z4U3R6BY589 | Long             | EC               | CORP              | GB        |       100 | NS      | $35288.00     | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Baxter International, Inc.                                     | Baxter International, Inc.                                                          | CUSIP: 071813109<br>LEI: J5OIVXX3P24RJRW5CK77 | Long             | EC               | CORP              | US        |      2000 | NS      | $38220.00     | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| CVS Health Corp.                                               | CVS Health Corp.                                                                    | CUSIP: 126650100<br>LEI: 549300EJG376EN5NQE29 | Long             | EC               | CORP              | US        |       800 | NS      | $63488.00     | 1.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Cardinal Health, Inc.                                          | Cardinal Health, Inc.                                                               | CUSIP: 14149Y108<br>LEI: CCU46N3GJMF4OK4N7U60 | Long             | EC               | CORP              | US        |       500 | NS      | $102750.00    | 2.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Chevron Corp.                                                  | Chevron Corp.                                                                       | CUSIP: 166764100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       250 | NS      | $38102.50     | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Chubb Ltd.                                                     | Chubb Ltd.                                                                          | CUSIP: H1467J104<br>LEI: E0JAN6VLUDI1HITHT809 | Long             | EC               | CORP              | CH        |       230 | NS      | $71787.60     | 2.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Diamondback Energy, Inc.                                       | Diamondback Energy, Inc.                                                            | CUSIP: 25278X109<br>LEI: 549300R22LSX6OHWEN64 | Long             | EC               | CORP              | US        |       200 | NS      | $30066.00     | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Dominion Energy, Inc.                                          | Dominion Energy, Inc.                                                               | CUSIP: 25746U109<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | EC               | CORP              | US        |      1170 | NS      | $68550.30     | 1.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Energy Transfer LP                                             | Energy Transfer LP                                                                  | CUSIP: 29273V100<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | EC               | CORP              | US        |      3000 | NS      | $49470.00     | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Exelon Corp.                                                   | Exelon Corp.                                                                        | CUSIP: 30161N101<br>LEI: 3SOUA6IRML7435B56G12 | Long             | EC               | CORP              | US        |      1480 | NS      | $64513.20     | 1.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Exxon Mobil Corp.                                              | Exxon Mobil Corp.                                                                   | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |       820 | NS      | $98678.80     | 2.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Fedex Corp.                                                    | Fedex Corp.                                                                         | CUSIP: 31428X106<br>LEI: 549300E707U7WNPZN687 | Long             | EC               | CORP              | US        |       200 | NS      | $57772.00     | 1.64%             |  |  |  | No            |                  1 | On Loan: No      |
| First Energy Corp.                                             | First Energy Corp.                                                                  | CUSIP: 337932107<br>LEI: 549300SVYJS666PQJH88 | Long             | EC               | CORP              | US        |      2040 | NS      | $91330.80     | 2.59%             |  |  |  | No            |                  1 | On Loan: No      |
| General Mills, Inc.                                            | General Mills, Inc.                                                                 | CUSIP: 370334104<br>LEI: 2TGYMUGI08PO8X8L6150 | Long             | EC               | CORP              | US        |      1360 | NS      | $63240.00     | 1.79%             |  |  |  | No            |                  1 | On Loan: No      |
| International Business Machines Corp.                          | International Business Machines Corp.                                               | CUSIP: 459200101<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | EC               | CORP              | US        |       200 | NS      | $59242.00     | 1.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Johnson & Johnson                                              | Johnson & Johnson                                                                   | CUSIP: 478160104<br>LEI: 549300G0CFPGEF6X2043 | Long             | EC               | CORP              | US        |       360 | NS      | $74502.00     | 2.11%             |  |  |  | No            |                  1 | On Loan: No      |
| The Kraft Heinz Co.                                            | The Kraft Heinz Co.                                                                 | CUSIP: 500754106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2320 | NS      | $56260.00     | 1.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Lululemon Athletica, Inc.                                      | Lululemon Athletica, Inc.                                                           | CUSIP: 550021109<br>LEI: 549300D9GZ4BMLDW5T40 | Long             | EC               | CORP              | US        |       160 | NS      | $33249.60     | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley Institutional Liquidity Fund Treasury Portfolio | Morgan Stanley Institutional Liquidity Fund Treasury Portfolio, Institutional Class | CUSIP: 61747C582<br>LEI: N/A                  | Long             | STIV             | RF                | US        |    156524 | NS      | $156523.91    | 4.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Quanta Services, Inc.                                          | Quanta Services, Inc.                                                               | CUSIP: 74762E102<br>LEI: SHVRXXEACT60MMH07S24 | Long             | EC               | CORP              | US        |       100 | NS      | $42206.00     | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                                         | S&P 500 Index, February 20, 2026, Put @$6,300                                       | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |         8 | NC      | $20696.00     | 0.59%             |  |  |  | No            |                  2 | On Loan: No      |
| Teva Pharmaceutical Industries Ltd.                            | Teva Pharmaceutical Industries Ltd.                                                 | CUSIP: 881624209<br>LEI: 549300BAFGM4RC74ZJ94 | Long             | EC               | CORP              | IL        |      3490 | NS      | $108922.90    | 3.09%             |  |  |  | No            |                  1 | On Loan: No      |
| The Campbells Co.                                              | The Campbells Co.                                                                   | CUSIP: 134429109<br>LEI: 5493007JDSMX8Z5Z1902 | Long             | EC               | CORP              | US        |      1200 | NS      | $33444.00     | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| The Cigna Group                                                | The Cigna Group                                                                     | CUSIP: 125523100<br>LEI: 549300VIWYMSIGT1U456 | Long             | EC               | CORP              | US        |       160 | NS      | $44036.80     | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| The JM Smucker Co.                                             | The JM Smucker Co.                                                                  | CUSIP: 832696405<br>LEI: 5493000WDH6A0LHDJD55 | Long             | EC               | CORP              | US        |       750 | NS      | $73357.50     | 2.08%             |  |  |  | No            |                  1 | On Loan: No      |
| The Kroger Co.                                                 | The Kroger Co.                                                                      | CUSIP: 501044101<br>LEI: 6CPEOKI6OYJ13Q6O7870 | Long             | EC               | CORP              | US        |      1100 | NS      | $68728.00     | 1.95%             |  |  |  | No            |                  1 | On Loan: No      |
| The Travelers Cos., Inc.                                       | The Travelers Cos., Inc.                                                            | CUSIP: 89417E109<br>LEI: 549300Y650407RU8B149 | Long             | EC               | CORP              | US        |       270 | NS      | $78316.20     | 2.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Tyson Foods, Inc.                                              | Tyson Foods, Inc. Class A                                                           | CUSIP: 902494103<br>LEI: WD6L6041MNRW1JE49D58 | Long             | EC               | CORP              | US        |       900 | NS      | $52758.00     | 1.50%             |  |  |  | No            |                  1 | On Loan: No      |
| US Bancorp, Inc.                                               | U.S. Bancorp                                                                        | CUSIP: 902973304<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | EC               | CORP              | US        |      1440 | NS      | $76838.40     | 2.18%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Department Of The Treasury                       | U.S. Government Treasury Bill, 0.00%, 04/16/2026                                    | CUSIP: 912797QD2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    700000 | PA      | $692875.71    | 19.65%            | 2026-04-16      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| United States Department Of The Treasury                       | U.S. Government Treasury Bill, 0.000%, 06/25/2026                                   | CUSIP: 912797TE7<br>LEI: N/A                  | Long             | DBT              | UST               | US        |    300000 | PA      | $294943.13    | 8.36%             | 2026-06-25      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| UnitedHealth Group, Inc.                                       | UnitedHealth Group, Inc.                                                            | CUSIP: 91324P102<br>LEI: 549300GHBMY8T5GXDE41 | Long             | EC               | CORP              | US        |        80 | NS      | $26408.80     | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Verizon Communications, Inc.                                   | Verizon Communications, Inc.                                                        | CUSIP: 92343V104<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | EC               | CORP              | US        |      2230 | NS      | $90827.90     | 2.58%             |  |  |  | No            |                  1 | On Loan: No      |
| eBay, Inc.                                                     | eBay, Inc.                                                                          | CUSIP: 278642103<br>LEI: OML71K8X303XQONU6T67 | Long             | EC               | CORP              | US        |       830 | NS      | $72293.00     | 2.05%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-12-31

**Name of Applicant:** THE FORESTER FUNDS, INC.

**Signature:** /s/ Thomas H. Forester

**Name of Signer:** Thomas H. Forester

**Title:** CEO and CFO