# EDGAR Filing Document

**Accession Number:** 0000948258
**File Stem:** 0001410368-26-013176
**Filing Date:** 2026-2
**Character Count:** 37274
**Document Hash:** 0feb3f3d4c20f89a422f949bc0065319
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-26-013176.hdr.sgml**: 20260218

**ACCESSION NUMBER**: 0001410368-26-013176

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260218

**DATE AS OF CHANGE**: 20260218

**PERIOD START**: 20251231

**FILER**: 

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

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-09082
- **FILM NUMBER:** 26646096

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

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

## Series and Classes Contracts Data

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

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

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

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

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

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

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

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

  - **City:** PORTLAND

  - **State:** OR

  - **Foreign country:** US

  - **Zip / Postal Code:** 97209

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

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

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

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

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

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

- **a. Date of fiscal year-end:** 2025-12-31

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

**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:** $312424229.10

**Total Liabilities:** $611527.50

**Net Assets:** $311812701.60

**Cash Not Reported:** $4023866.15

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000016961 | 2.90%                | -1.96%               | 0.46%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $4669562.83              | $4265824.98                                |
| Month 2  | $1476236.01              | $-7740374.99                               |
| Month 3  | $2552009.17              | $-1092029.61                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| AbbVie Inc                        | AbbVie, Inc.                                                                | CUSIP: 00287Y109<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | EC               | CORP              | US        |     23172 | NS      | $5294570.28   | 1.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Acuity Inc                        | Acuity, Inc.                                                                | CUSIP: 00508Y102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2367 | NS      | $852214.68    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Adobe Inc                         | Adobe, Inc.                                                                 | CUSIP: 00724F101<br>LEI: FU4LY2G4933NH2E1CP29 | Long             | EC               | CORP              | US        |     14909 | NS      | $5218000.91   | 1.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Airbnb Inc                        | Airbnb, Inc.                                                                | CUSIP: 009066101<br>LEI: 549300HMUDNO0RY56D37 | Long             | EC               | CORP              | US        |      3981 | NS      | $540301.32    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Align Technology Inc              | Align Technology, Inc.                                                      | CUSIP: 016255101<br>LEI: 549300N5YSE0U3LCP840 | Long             | EC               | CORP              | US        |      1129 | NS      | $176293.35    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Allison Transmission Holdings Inc | Allison Transmission Holdings, Inc.                                         | CUSIP: 01973R101<br>LEI: 529900RP7DJ882LI9T83 | Long             | EC               | CORP              | US        |     18268 | NS      | $1788437.20   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Alnylam Pharmaceuticals Inc       | Alnylam Pharmaceuticals, Inc.                                               | CUSIP: 02043Q107<br>LEI: 529900S3ZI14OWRJII50 | Long             | EC               | CORP              | US        |      1233 | NS      | $490302.45    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc                      | Alphabet, Inc.                                                              | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |     69510 | NS      | $21756630.00  | 6.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Amazon.com Inc                    | Amazon.com, Inc.                                                            | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |     52837 | NS      | $12195836.34  | 3.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Cencora Inc                       | Cencora, Inc.                                                               | CUSIP: 03073E105<br>LEI: AI8GXW8LG5WK7E9UD086 | Long             | EC               | CORP              | US        |      6775 | NS      | $2288256.25   | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Ameriprise Financial Inc          | Ameriprise Financial, Inc.                                                  | CUSIP: 03076C106<br>LEI: 6ZLKQF7QB6JAEKQS5388 | Long             | EC               | CORP              | US        |     12273 | NS      | $6017942.82   | 1.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Amgen Inc                         | Amgen, Inc.                                                                 | CUSIP: 031162100<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | EC               | CORP              | US        |      7022 | NS      | $2298370.82   | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple Inc                         | Apple, Inc.                                                                 | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |    116094 | NS      | $31561314.84  | 10.12%            |  |  |  | No            |                  1 | On Loan: No      |
| AppLovin Corp                     | AppLovin Corp.                                                              | CUSIP: 03831W108<br>LEI: 549300LLVXMUAOL3SQ07 | Long             | EC               | CORP              | US        |      3445 | NS      | $2321309.90   | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Arista Networks Inc               | Arista Networks, Inc.                                                       | CUSIP: 040413205<br>LEI: 635400H1WKBLOQERUU95 | Long             | EC               | CORP              | US        |     18343 | NS      | $2403483.29   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Autodesk Inc                      | Autodesk, Inc.                                                              | CUSIP: 052769106<br>LEI: FRKKVKAIQEF3FCSTPG55 | Long             | EC               | CORP              | US        |      1333 | NS      | $394581.33    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| AutoZone Inc                      | AutoZone, Inc.                                                              | CUSIP: 053332102<br>LEI: GA3JGKJ41LJKXDN23E90 | Long             | EC               | CORP              | US        |        91 | NS      | $308626.50    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of New York Mellon Corp/The  | Bank of New York Mellon Corp.                                               | CUSIP: 064058100<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | EC               | CORP              | US        |      2581 | NS      | $299628.29    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Booking Holdings Inc              | Booking Holdings, Inc.                                                      | CUSIP: 09857L108<br>LEI: FXM8FAOHMYDIPD38UZ17 | Long             | EC               | CORP              | US        |       265 | NS      | $1419162.45   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadcom Inc                      | Broadcom, Inc.                                                              | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |     42992 | NS      | $14879531.20  | 4.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Cardinal Health Inc               | Cardinal Health, Inc.                                                       | CUSIP: 14149Y108<br>LEI: CCU46N3GJMF4OK4N7U60 | Long             | EC               | CORP              | US        |      6467 | NS      | $1328968.50   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Celanese Corp                     | Celanese Corp.                                                              | CUSIP: 150870103<br>LEI: 549300FHJQTDPPN41627 | Long             | EC               | CORP              | US        |     26934 | NS      | $1138769.52   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Costco Wholesale Corp             | Costco Wholesale Corp.                                                      | CUSIP: 22160K105<br>LEI: 29DX7H14B9S6O3FD6V18 | Long             | EC               | CORP              | US        |      4162 | NS      | $3589059.08   | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Crowdstrike Holdings Inc          | Crowdstrike Holdings, Inc.                                                  | CUSIP: 22788C105<br>LEI: 549300YBY08K9KM4HX32 | Long             | EC               | CORP              | US        |      1794 | NS      | $840955.44    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Datadog Inc                       | Datadog, Inc.                                                               | CUSIP: 23804L103<br>LEI: 549300F6JNO0KRPO1K63 | Long             | EC               | CORP              | US        |      1596 | NS      | $217040.04    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Deckers Outdoor Corp              | Deckers Outdoor Corp.                                                       | CUSIP: 243537107<br>LEI: 5493008LG4W3I6K8J118 | Long             | EC               | CORP              | US        |      9573 | NS      | $992432.91    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Dell Technologies Inc             | Dell Technologies, Inc.                                                     | CUSIP: 24703L202<br>LEI: 549300TJB5YBRUPOG437 | Long             | EC               | CORP              | US        |     13198 | NS      | $1661364.24   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Domino's Pizza Inc                | Domino's Pizza, Inc.                                                        | CUSIP: 25754A201<br>LEI: 25490005ZWM1IF9UXU57 | Long             | EC               | CORP              | US        |       352 | NS      | $146720.64    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| eBay Inc                          | eBay, Inc.                                                                  | CUSIP: 278642103<br>LEI: OML71K8X303XQONU6T67 | Long             | EC               | CORP              | US        |      7590 | NS      | $661089.00    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Enphase Energy Inc                | Enphase Energy, Inc.                                                        | CUSIP: 29355A107<br>LEI: 5493008U7KIGMI59Z314 | Long             | EC               | CORP              | US        |      5559 | NS      | $178165.95    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| EPAM Systems Inc                  | EPAM Systems, Inc.                                                          | CUSIP: 29414B104<br>LEI: 549300XCR4R530HJP604 | Long             | EC               | CORP              | US        |      4888 | NS      | $1001453.44   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Meta Platforms Inc                | Meta Platforms, Inc.                                                        | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |     16305 | NS      | $10762767.45  | 3.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Fiserv Inc                        | Fiserv, Inc.                                                                | CUSIP: 337738108<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | EC               | CORP              | US        |     77778 | NS      | $5224348.26   | 1.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Five Below Inc                    | Five Below, Inc.                                                            | CUSIP: 33829M101<br>LEI: 529900AAXP5Z6BGI7418 | Long             | EC               | CORP              | US        |     21763 | NS      | $4099278.68   | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Flowers Foods Inc                 | Flowers Foods, Inc.                                                         | CUSIP: 343498101<br>LEI: 7YNCQQNDK8FBM9BBTK25 | Long             | EC               | CORP              | US        |      9218 | NS      | $100291.84    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| GE Vernova Inc                    | GE Vernova, Inc.                                                            | CUSIP: 36828A101<br>LEI: 254900DP080RU6OK2553 | Long             | EC               | CORP              | US        |      7460 | NS      | $4875632.20   | 1.56%             |  |  |  | No            |                  1 | On Loan: No      |
| General Electric Co               | General Electric Co.                                                        | CUSIP: 369604301<br>LEI: 3C7474T6CDKPR9K6YT90 | Long             | EC               | CORP              | US        |       575 | NS      | $177117.25    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| GoDaddy Inc                       | GoDaddy, Inc.                                                               | CUSIP: 380237107<br>LEI: 549300J8H1TB0I2CB447 | Long             | EC               | CORP              | US        |     12938 | NS      | $1605347.04   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs Group Inc/The       | Goldman Sachs Group, Inc.                                                   | CUSIP: 38141G104<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | EC               | CORP              | US        |      1338 | NS      | $1176102.00   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| HubSpot Inc                       | HubSpot, Inc.                                                               | CUSIP: 443573100<br>LEI: 529900BLNVEW0MVKJB37 | Long             | EC               | CORP              | US        |       210 | NS      | $84273.00     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Illumina Inc                      | Illumina, Inc.                                                              | CUSIP: 452327109<br>LEI: SQ95QG8SR5Q56LSNF682 | Long             | EC               | CORP              | US        |      8690 | NS      | $1139780.40   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Incyte Corp                       | Incyte Corp.                                                                | CUSIP: 45337C102<br>LEI: 549300Z4WN6JVZ3T4680 | Long             | EC               | CORP              | US        |     16348 | NS      | $1614691.96   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Intuit Inc                        | Intuit, Inc.                                                                | CUSIP: 461202103<br>LEI: VI90HBPH7XSFMB9E4M29 | Long             | EC               | CORP              | US        |       771 | NS      | $510725.82    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| KLA Corp                          | KLA Corp.                                                                   | CUSIP: 482480100<br>LEI: 549300H0BF5JCG96TJ81 | Long             | EC               | CORP              | US        |       476 | NS      | $578378.08    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Eli Lilly & Co                    | Eli Lilly & Co.                                                             | CUSIP: 532457108<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | EC               | CORP              | US        |      5260 | NS      | $5652816.80   | 1.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Live Nation Entertainment Inc     | Live Nation Entertainment, Inc.                                             | CUSIP: 538034109<br>LEI: 5493007B9BM9ZXJINO78 | Long             | EC               | CORP              | US        |      1542 | NS      | $219735.00    | 0.07%             |  |  |  | No            |                  1 | On Loan: —       |
| MSCI Inc                          | MSCI, Inc.                                                                  | CUSIP: 55354G100<br>LEI: 549300HTIN2PD78UB763 | Long             | EC               | CORP              | US        |       248 | NS      | $142285.04    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Maplebear Inc                     | Maplebear, Inc.                                                             | CUSIP: 565394103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     20776 | NS      | $934504.48    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Mastercard Inc                    | Mastercard, Inc.                                                            | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               | CORP              | US        |      5982 | NS      | $3415004.16   | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corp                    | Microsoft Corp.                                                             | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |     72895 | NS      | $35253479.90  | 11.31%            |  |  |  | No            |                  1 | On Loan: No      |
| MongoDB Inc                       | MongoDB, Inc.                                                               | CUSIP: 60937P106<br>LEI: 549300TPTG69WKWE1Z37 | Long             | EC               | CORP              | US        |      1788 | NS      | $750405.72    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                    | Morgan Stanley                                                              | CUSIP: 617446448<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EC               | CORP              | US        |      8988 | NS      | $1595639.64   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Murphy USA Inc                    | Murphy USA, Inc.                                                            | CUSIP: 626755102<br>LEI: 549300Y081F8XIKQIO72 | Long             | EC               | CORP              | US        |      1394 | NS      | $562506.88    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| NetApp Inc                        | NetApp, Inc.                                                                | CUSIP: 64110D104<br>LEI: QTX3D84DZDD5JYOCYH15 | Long             | EC               | CORP              | US        |     11500 | NS      | $1231535.00   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Netflix Inc                       | Netflix, Inc.                                                               | CUSIP: 64110L106<br>LEI: 549300Y7VHGU0I7CE873 | Long             | EC               | CORP              | US        |     27822 | NS      | $2608590.72   | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Nutanix Inc                       | Nutanix, Inc.                                                               | CUSIP: 67059N108<br>LEI: 549300X7J6E8TKVIXW09 | Long             | EC               | CORP              | US        |     37275 | NS      | $1926744.75   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA Corp                       | NVIDIA Corp.                                                                | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |    195690 | NS      | $36496185.00  | 11.70%            |  |  |  | No            |                  1 | On Loan: No      |
| Oracle Corp                       | Oracle Corp.                                                                | CUSIP: 68389X105<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | EC               | CORP              | US        |      4196 | NS      | $817842.36    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Palantir Technologies Inc         | Palantir Technologies, Inc.                                                 | CUSIP: 69608A108<br>LEI: 549300UVN46B3BBDHO85 | Long             | EC               | CORP              | US        |     36310 | NS      | $6454102.50   | 2.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Palo Alto Networks Inc            | Palo Alto Networks, Inc.                                                    | CUSIP: 697435105<br>LEI: 549300QXR2YVZV231H43 | Long             | EC               | CORP              | US        |      9882 | NS      | $1820264.40   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Paycom Software Inc               | Paycom Software, Inc.                                                       | CUSIP: 70432V102<br>LEI: 254900LSB0HNJUDC6Q18 | Long             | EC               | CORP              | US        |     10050 | NS      | $1601568.00   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Pure Storage Inc                  | Pure Storage, Inc.                                                          | CUSIP: 74624M102<br>LEI: 549300NPDB0BZTK3WO90 | Long             | EC               | CORP              | US        |     12540 | NS      | $840305.40    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| QUALCOMM Inc                      | QUALCOMM, Inc.                                                              | CUSIP: 747525103<br>LEI: H1J8DDZKZP6H7RWC0H53 | Long             | EC               | CORP              | US        |      9300 | NS      | $1590765.00   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Reddit Inc                        | Reddit, Inc.                                                                | CUSIP: 75734B100<br>LEI: 529900APN1YHPBHPI679 | Long             | EC               | CORP              | US        |      5140 | NS      | $1181531.80   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Regeneron Pharmaceuticals Inc     | Regeneron Pharmaceuticals, Inc.                                             | CUSIP: 75886F107<br>LEI: 549300RCBFWIRX3HYQ56 | Long             | EC               | CORP              | US        |      4587 | NS      | $3540567.69   | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| ROBLOX Corp                       | ROBLOX Corp.                                                                | CUSIP: 771049103<br>LEI: 529900ANZDBDFU91SO19 | Long             | EC               | CORP              | US        |      9894 | NS      | $801710.82    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Rubrik Inc                        | Rubrik, Inc.                                                                | CUSIP: 781154109<br>LEI: 254900TRGK2WTBYMYU27 | Long             | EC               | CORP              | US        |      1742 | NS      | $133228.16    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Salesforce Inc                    | Salesforce, Inc.                                                            | CUSIP: 79466L302<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | EC               | CORP              | US        |      8832 | NS      | $2339685.12   | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Sarepta Therapeutics Inc          | Sarepta Therapeutics, Inc.                                                  | CUSIP: 803607100<br>LEI: 549300IKDPIED8J8IG21 | Long             | EC               | CORP              | US        |      4418 | NS      | $95075.36     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| ServiceNow Inc                    | ServiceNow, Inc.                                                            | CUSIP: 81762P102<br>LEI: 549300HJTQM36M0E1G39 | Long             | EC               | CORP              | US        |      3945 | NS      | $604334.55    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Snowflake Inc                     | Snowflake, Inc.                                                             | CUSIP: 833445109<br>LEI: 254900CJNSY1K7T53Z16 | Long             | EC               | CORP              | US        |       358 | NS      | $78530.88     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| TJX Cos Inc/The                   | TJX Cos., Inc.                                                              | CUSIP: 872540109<br>LEI: V167QI9I69W364E2DY52 | Long             | EC               | CORP              | US        |       699 | NS      | $107373.39    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Teradyne Inc                      | Teradyne, Inc.                                                              | CUSIP: 880770102<br>LEI: C3X4YJ278QNZHRJULN75 | Long             | EC               | CORP              | US        |     16057 | NS      | $3107992.92   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Tesla Inc                         | Tesla, Inc.                                                                 | CUSIP: 88160R101<br>LEI: 54930043XZGB27CTOV49 | Long             | EC               | CORP              | US        |     19311 | NS      | $8684542.92   | 2.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Trade Desk Inc/The                | Trade Desk, Inc.                                                            | CUSIP: 88339J105<br>LEI: 549300GXPD31VT3E0P46 | Long             | EC               | CORP              | US        |     27268 | NS      | $1035093.28   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Uber Technologies Inc             | Uber Technologies, Inc.                                                     | CUSIP: 90353T100<br>LEI: 549300B2FTG34FILDR98 | Long             | EC               | CORP              | US        |     40563 | NS      | $3314402.73   | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Ulta Beauty Inc                   | Ulta Beauty, Inc.                                                           | CUSIP: 90384S303<br>LEI: 529900CIV6HN8M28YM82 | Long             | EC               | CORP              | US        |      2043 | NS      | $1236035.43   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Veeva Systems Inc                 | Veeva Systems, Inc.                                                         | CUSIP: 922475108<br>LEI: 549300YZEXPDB92M2F02 | Long             | EC               | CORP              | US        |      2304 | NS      | $514321.92    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Veralto Corp                      | Veralto Corp.                                                               | CUSIP: 92338C103<br>LEI: 635400FJE6GSOJUSNY27 | Long             | EC               | CORP              | US        |     44552 | NS      | $4445398.56   | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Vertex Pharmaceuticals Inc        | Vertex Pharmaceuticals, Inc.                                                | CUSIP: 92532F100<br>LEI: 54930015RAQRRZ5ZGJ91 | Long             | EC               | CORP              | US        |      1566 | NS      | $709961.76    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Visa Inc                          | Visa, Inc.                                                                  | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |      7360 | NS      | $2581225.60   | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Western Union Co/The              | Western Union Co.                                                           | CUSIP: 959802109<br>LEI: 28ID94QU1140NC23S047 | Long             | EC               | CORP              | US        |     49606 | NS      | $461831.86    | 0.15%             |  |  |  | No            |                  1 | On Loan: —       |
| Yum! Brands Inc                   | Yum! Brands, Inc.                                                           | CUSIP: 988498101<br>LEI: 549300JE8XHZZ7OHN517 | Long             | EC               | CORP              | US        |       595 | NS      | $90011.60     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| ZoomInfo Technologies Inc         | ZoomInfo Technologies, Inc.                                                 | CUSIP: 98980F104<br>LEI: 2549008GSAHW4UWFEM58 | Long             | EC               | CORP              | US        |     37585 | NS      | $382239.45    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Zscaler Inc                       | Zscaler, Inc.                                                               | CUSIP: 98980G102<br>LEI: 529900MZ0RTK1BWRNF46 | Long             | EC               | CORP              | US        |      9171 | NS      | $2062741.32   | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| State Street Global Advisors      | State Street Navigator Securities Lending Government Money Market Portfolio | CUSIP: 857509301<br>LEI: 5493008BJIBKQ5KTIF74 | Long             | STIV             | RF                | US        |    400568 | NS      | $400567.50    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Arch Capital Group Ltd            | Arch Capital Group Ltd.                                                     | CUSIP: 000000000<br>LEI: 549300AYR4P8AFKDCE43 | Long             | EC               | CORP              | BM        |      1618 | NS      | $155198.56    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Weatherford International PLC     | Weatherford International PLC                                               | CUSIP: 000000000<br>LEI: 529900LPBDSCQDJKHQ39 | Long             | EC               | CORP              | IE        |      7025 | NS      | $549776.50    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| SharkNinja Inc                    | SharkNinja, Inc.                                                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |     12266 | NS      | $1372565.40   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| StoneCo Ltd                       | StoneCo Ltd.                                                                | CUSIP: 000000000<br>LEI: 549300O1A9LEF0XZCR35 | Long             | EC               | CORP              | KY        |     73223 | NS      | $1082968.17   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Trane Technologies PLC            | Trane Technologies PLC                                                      | CUSIP: 000000000<br>LEI: 549300BURLR9SLYY2705 | Long             | EC               | CORP              | IE        |      1985 | NS      | $772562.00    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Viking Holdings Ltd               | Viking Holdings Ltd.                                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BM        |     65390 | NS      | $4669499.90   | 1.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Spotify Technology SA             | Spotify Technology SA                                                       | CUSIP: 000000000<br>LEI: 549300B4X0JHWV0DTD60 | Long             | EC               | CORP              | LU        |      1683 | NS      | $977334.93    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Royal Caribbean Cruises Ltd       | Royal Caribbean Cruises Ltd.                                                | CUSIP: 000000000<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | EC               | CORP              | LR        |      2683 | NS      | $748342.36    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-01-15

**Name of Applicant:** M FUND INC

**Signature:** Hannah Hasbrook

**Name of Signer:** Hannah Hasbrook

**Title:** M Fund Administration Manager