# EDGAR Filing Document

**Accession Number:** 0000916620
**File Stem:** 0002066578-26-001914
**Filing Date:** 2026-5
**Character Count:** 61768
**Document Hash:** a0abb9c2da6d9aa8fd46065e034a02a7
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002066578-26-001914.hdr.sgml**: 20260528

**ACCESSION NUMBER**: 0002066578-26-001914

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260528

**DATE AS OF CHANGE**: 20260528

**PERIOD START**: 20260331

**FILER**: 

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

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-08236
- **FILM NUMBER:** 261034958

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

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

## Series and Classes Contracts Data

### LARGE CAP VALUE FUND (Series ID: S000001271)

| Class ID   | Class Name           | Ticker Symbol   |
|:---|:---|:---|
| C000003417 | LARGE CAP VALUE FUND | NOLVX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

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

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

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

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

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

  - **City:** Chicago

  - **State:** IL

  - **Foreign country:** US

  - **Zip / Postal Code:** 60603

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

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

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

- **b. EDGAR series identifier (if any):** S000001271

- **c. LEI of Series:** 549300GGHEKD67N3IJ61

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

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

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $67253484.55

**Total Liabilities:** $35928.58

**Net Assets:** $67217555.97

**Cash Not Reported:** $0.22

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000003417 | 3.87%                | 1.63%                | -3.59%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $1529.79                 | $2508653.94                                |
| Month 2  | $279506.18               | $795271.84                                 |
| Month 3  | $-1.09                   | $-2583184.93                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| CAMPBELL S COMPANY/THE                        | CAMPBELL S COMPANY/THE                        | CUSIP: 134429109<br>LEI: 5493007JDSMX8Z5Z1902 | Long             | EC               | CORP              | US        |     10486 | NS      | $233523.22    | 0.35%             |  |  |  | No            |                  1 | On Loan: —       |
| TELEDYNE TECHS. INC                           | TELEDYNE TECHS. INC                           | CUSIP: 879360105<br>LEI: 549300VSMO9KYQWDND94 | Long             | EC               | CORP              | US        |        33 | NS      | $19965.33     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| EBAY INC                                      | EBAY INC                                      | CUSIP: 278642103<br>LEI: OML71K8X303XQONU6T67 | Long             | EC               | CORP              | US        |      4924 | NS      | $448182.48    | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| CONSTELLATION BRANDS INC                      | CONSTELLATION BRANDS INC                      | CUSIP: 21036P108<br>LEI: 5493005GKEG8QCVY7037 | Long             | EC               | CORP              | US        |      2692 | NS      | $403800.00    | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| GRACO INC                                     | GRACO INC                                     | CUSIP: 384109104<br>LEI: 4T5VJ4S81BRT6Q7GGT78 | Long             | EC               | CORP              | US        |       823 | NS      | $69666.95     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| INTUIT INC                                    | INTUIT INC                                    | CUSIP: 461202103<br>LEI: VI90HBPH7XSFMB9E4M29 | Long             | EC               | CORP              | US        |       487 | NS      | $210569.06    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| JOHNSON & JOHNSON                             | JOHNSON & JOHNSON                             | CUSIP: 478160104<br>LEI: 549300G0CFPGEF6X2043 | Long             | EC               | CORP              | US        |      6251 | NS      | $1527994.44   | 2.27%             |  |  |  | No            |                  1 | On Loan: No      |
| MGIC INV. CORP                                | MGIC INV. CORP                                | CUSIP: 552848103<br>LEI: 254900S8483WM4M98R28 | Long             | EC               | CORP              | US        |     11403 | NS      | $299328.75    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| HOST HOTELS & RESORTS INC                     | HOST HOTELS & RESORTS INC                     | CUSIP: 44107P104<br>LEI: N6EL63S0K3PB1YFTDI24 | Long             | EC               | CORP              | US        |     20130 | NS      | $385690.80    | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| MATTEL INC                                    | MATTEL INC                                    | CUSIP: 577081102<br>LEI: 549300VELLG24KHTJ564 | Long             | EC               | CORP              | US        |       175 | NS      | $2542.75      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| MICRON TECH. INC                              | MICRON TECH. INC                              | CUSIP: 595112103<br>LEI: B3DXGBC8GAIYWI2Z0172 | Long             | EC               | CORP              | US        |       893 | NS      | $301691.12    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| MUELLER INDS. INC                             | MUELLER INDS. INC                             | CUSIP: 624756102<br>LEI: 5493005IZFE4VJLLYG84 | Long             | EC               | CORP              | US        |      3202 | NS      | $354781.60    | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| AMAZON.COM INC                                | AMAZON.COM INC                                | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |      4295 | NS      | $894519.65    | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| ABBOTT LABORATORIES                           | ABBOTT LABORATORIES                           | CUSIP: 002824100<br>LEI: HQD377W2YR662HK5JX27 | Long             | EC               | CORP              | US        |      1942 | NS      | $199385.14    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| VALERO ENERGY CORP                            | VALERO ENERGY CORP                            | CUSIP: 91913Y100<br>LEI: 549300XTO5VR8SKV1V74 | Long             | EC               | CORP              | US        |      3399 | NS      | $839824.92    | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| BROWN-FORMAN CORP                             | BROWN-FORMAN CORP                             | CUSIP: 115637209<br>LEI: 549300873K3LXF7ARU34 | Long             | EC               | CORP              | US        |     11524 | NS      | $304694.56    | 0.45%             |  |  |  | No            |                  1 | On Loan: —       |
| PPL CORP                                      | PPL CORP                                      | CUSIP: 69351T106<br>LEI: 9N3UAJSNOUXFKQLF3V18 | Long             | EC               | CORP              | US        |      5975 | NS      | $228245.00    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| PUBLIC SERV. ENT. GRP. IN                     | PUBLIC SERV. ENT. GRP. IN                     | CUSIP: 744573106<br>LEI: PUSS41EMO3E6XXNV3U28 | Long             | EC               | CORP              | US        |      4149 | NS      | $335861.55    | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| WESTERN DIGITAL CORP                          | WESTERN DIGITAL CORP                          | CUSIP: 958102105<br>LEI: 549300QQXOOYEF89IC56 | Long             | EC               | CORP              | US        |      3781 | NS      | $1022722.69   | 1.52%             |  |  |  | No            |                  1 | On Loan: No      |
| ACCENTURE PLC                                 | ACCENTURE PLC                                 | CUSIP: G1151C101<br>LEI: 5493000EWHDSR3MZWH98 | Long             | EC               | CORP              | IE        |      1105 | NS      | $219110.45    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| INTERNATIONAL BUSINESS MA                     | INTERNATIONAL BUSINESS MA                     | CUSIP: 459200101<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | EC               | CORP              | US        |      2250 | NS      | $545377.50    | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| AFLAC INC                                     | AFLAC INC                                     | CUSIP: 001055102<br>LEI: 549300N0B7DOGLXWPP39 | Long             | EC               | CORP              | US        |      5305 | NS      | $582011.55    | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| APPLIED MATS. INC                             | APPLIED MATS. INC                             | CUSIP: 038222105<br>LEI: 41BNNE1AFPNAZELZ6K07 | Long             | EC               | CORP              | US        |      3286 | NS      | $1123121.94   | 1.67%             |  |  |  | No            |                  1 | On Loan: No      |
| COGNIZANT TECH. SOLS. COR                     | COGNIZANT TECH. SOLS. COR                     | CUSIP: 192446102<br>LEI: 5493006IEVQEFQO40L83 | Long             | EC               | CORP              | US        |      4570 | NS      | $280369.50    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| BOYD GAMING CORP                              | BOYD GAMING CORP                              | CUSIP: 103304101<br>LEI: 254900787YGRYS2A1Z35 | Long             | EC               | CORP              | US        |      1901 | NS      | $156224.18    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| BRISTOL-MYERS SQUIBB CO                       | BRISTOL-MYERS SQUIBB CO                       | CUSIP: 110122108<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | EC               | CORP              | US        |     10666 | NS      | $646892.90    | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| DEVON ENERGY CORP                             | DEVON ENERGY CORP                             | CUSIP: 25179M103<br>LEI: 54930042348RKR3ZPN35 | Long             | EC               | CORP              | US        |     10171 | NS      | $511804.72    | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITED PARCEL SERV. INC                       | UNITED PARCEL SERV. INC                       | CUSIP: 911312106<br>LEI: D01LMJZU09ULLNCY6Z23 | Long             | EC               | CORP              | US        |      6051 | NS      | $595297.38    | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| CARLISLE COS INC                              | CARLISLE COS INC                              | CUSIP: 142339100<br>LEI: XR64VGX1ZPX6G7ZN7Z11 | Long             | EC               | CORP              | US        |      1132 | NS      | $377657.84    | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| CIRRUS LOGIC INC                              | CIRRUS LOGIC INC                              | CUSIP: 172755100<br>LEI: 549300NKSJEM5ZZSSV18 | Long             | EC               | CORP              | US        |       661 | NS      | $95593.82     | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| CISCO SYSTEMS INC                             | CISCO SYSTEMS INC                             | CUSIP: 17275R102<br>LEI: 549300LKFJ962MZ46593 | Long             | EC               | CORP              | US        |     16878 | NS      | $1309564.02   | 1.95%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY                                | MORGAN STANLEY                                | CUSIP: 617446448<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EC               | CORP              | US        |      5439 | NS      | $895096.23    | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| OMNICOM GRP. INC                              | OMNICOM GRP. INC                              | CUSIP: 681919106<br>LEI: HKUPACFHSSASQK8HLS17 | Long             | EC               | CORP              | US        |      1214 | NS      | $91426.34     | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| FLEX LTD                                      | FLEX LTD                                      | CUSIP: Y2573F102<br>LEI: 549300EAQH74YHD07T53 | Long             | EC               | CORP              | SG        |      4638 | NS      | $303603.48    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| JB HUNT TRANSPORT SERVS.                      | JB HUNT TRANSPORT SERVS.                      | CUSIP: 445658107<br>LEI: 549300XCD1MPI1C5GK90 | Long             | EC               | CORP              | US        |      2120 | NS      | $449228.00    | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| LANDSTAR SYSTEM INC                           | LANDSTAR SYSTEM INC                           | CUSIP: 515098101<br>LEI: 254900CUQXQRL09MEI52 | Long             | EC               | CORP              | US        |      1352 | NS      | $216739.12    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| VALMONT INDUSTRIES INC                        | VALMONT INDUSTRIES INC                        | CUSIP: 920253101<br>LEI: 5493009ZGZJJ8F77JN08 | Long             | EC               | CORP              | US        |       861 | NS      | $344029.77    | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| PRUDENTIAL FINL. INC                          | PRUDENTIAL FINL. INC                          | CUSIP: 744320102<br>LEI: 5PRBRS5FEH7NREC8OR45 | Long             | EC               | CORP              | US        |      3788 | NS      | $370049.72    | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| BOSTON BEER CO INC/THE                        | BOSTON BEER CO INC/THE                        | CUSIP: 100557107<br>LEI: 529900Q02MQ0DCQNRM58 | Long             | EC               | CORP              | US        |       572 | NS      | $131788.80    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| SLM CORP                                      | SLM CORP                                      | CUSIP: 78442P106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      9081 | NS      | $194424.21    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| ROPER TECHS. INC                              | ROPER TECHS. INC                              | CUSIP: 776696106<br>LEI: 54930003T4SXCIWVXY35 | Long             | EC               | CORP              | US        |        93 | NS      | $32908.98     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| UGI CORP                                      | UGI CORP                                      | CUSIP: 902681105<br>LEI: DX6GCWD4Q1JO9CRE5I40 | Long             | EC               | CORP              | US        |      9294 | NS      | $338487.48    | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITEDHEALTH GRP. INC                         | UNITEDHEALTH GRP. INC                         | CUSIP: 91324P102<br>LEI: 549300GHBMY8T5GXDE41 | Long             | EC               | CORP              | US        |      1019 | NS      | $275731.21    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| MERCK & CO INC                                | MERCK & CO INC                                | CUSIP: 58933Y105<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | EC               | CORP              | US        |      4835 | NS      | $581602.15    | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| DUKE ENERGY CORP                              | DUKE ENERGY CORP                              | CUSIP: 26441C204<br>LEI: I1BZKREC126H0VB1BL91 | Long             | EC               | CORP              | US        |      4225 | NS      | $553221.50    | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| NEXSTAR MEDIA GRP. INC                        | NEXSTAR MEDIA GRP. INC                        | CUSIP: 65336K103<br>LEI: 52990083ZRR5UT591988 | Long             | EC               | CORP              | US        |      1759 | NS      | $318079.97    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| MILLICOM INTL. CELLULAR S                     | MILLICOM INTL. CELLULAR S                     | CUSIP: L6388F110<br>LEI: 549300CTHC1CP86P2G96 | Long             | EC               | CORP              | LU        |      6179 | NS      | $463054.26    | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| ASSURED GUARANTY LTD                          | ASSURED GUARANTY LTD                          | CUSIP: G0585R106<br>LEI: 549300BBOQUJEPH87M14 | Long             | EC               | CORP              | BM        |      3341 | NS      | $272224.68    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| DECKERS OUTDOOR CORP                          | DECKERS OUTDOOR CORP                          | CUSIP: 243537107<br>LEI: 5493008LG4W3I6K8J118 | Long             | EC               | CORP              | US        |      2822 | NS      | $282453.98    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| MOLSON COORS BEVERAGE CO                      | MOLSON COORS BEVERAGE CO                      | CUSIP: 60871R209<br>LEI: 54930073LBBH6ZCBE225 | Long             | EC               | CORP              | US        |      2471 | NS      | $106401.26    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| AT&T INC                                      | AT&T INC                                      | CUSIP: 00206R102<br>LEI: 549300Z40J86GGSTL398 | Long             | EC               | CORP              | US        |      4456 | NS      | $129179.44    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| FIDELITY NATL. INFO. SERV                     | FIDELITY NATL. INFO. SERV                     | CUSIP: 31620M106<br>LEI: 6WQI0GK1PRFVBA061U48 | Long             | EC               | CORP              | US        |      6117 | NS      | $286948.47    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| AES CORP/THE                                  | AES CORP/THE                                  | CUSIP: 00130H105<br>LEI: 2NUNNB7D43COUIRE5295 | Long             | EC               | CORP              | US        |     24106 | NS      | $339653.54    | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| ADOBE INC COM                                 | ADOBE INC COM                                 | CUSIP: 00724F101<br>LEI: FU4LY2G4933NH2E1CP29 | Long             | EC               | CORP              | US        |       992 | NS      | $241135.36    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| JONES LANG LASALLE INC                        | JONES LANG LASALLE INC                        | CUSIP: 48020Q107<br>LEI: 6SYKCME112RT8TQUO411 | Long             | EC               | CORP              | US        |      1103 | NS      | $335664.96    | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| ARCHER-DANIELS-MIDLAND CO                     | ARCHER-DANIELS-MIDLAND CO                     | CUSIP: 039483102<br>LEI: 549300LO13MQ9HYSTR83 | Long             | EC               | CORP              | US        |      3221 | NS      | $234134.49    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| VERIZON COMMS. INC                            | VERIZON COMMS. INC                            | CUSIP: 92343V104<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | EC               | CORP              | US        |     22081 | NS      | $1108466.20   | 1.65%             |  |  |  | No            |                  1 | On Loan: No      |
| CONSOLIDATED EDISON INC                       | CONSOLIDATED EDISON INC                       | CUSIP: 209115104<br>LEI: 54930033SBW53OO8T749 | Long             | EC               | CORP              | US        |      3856 | NS      | $436422.08    | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| RAYONIER INC                                  | RAYONIER INC                                  | CUSIP: 754907103<br>LEI: HGV8VDVNL0W6SF2U9C50 | Long             | EC               | CORP              | US        |      7997 | NS      | $164898.14    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| KILROY REALTY CORP                            | KILROY REALTY CORP                            | CUSIP: 49427F108<br>LEI: 549300CXXI18B214UN80 | Long             | EC               | CORP              | US        |      7893 | NS      | $222661.53    | 0.33%             |  |  |  | No            |                  1 | On Loan: —       |
| KROGER CO/THE                                 | KROGER CO/THE                                 | CUSIP: 501044101<br>LEI: 6CPEOKI6OYJ13Q6O7870 | Long             | EC               | CORP              | US        |      3673 | NS      | $265778.28    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| MSC INDL. DIRECT CO INC                       | MSC INDL. DIRECT CO INC                       | CUSIP: 553530106<br>LEI: 0XVKH0LN6YGOWO2EGO17 | Long             | EC               | CORP              | US        |       612 | NS      | $56469.24     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| NEW YORK TIMES CO/THE                         | NEW YORK TIMES CO/THE                         | CUSIP: 650111107<br>LEI: 529900J1WEMMIW7BOH57 | Long             | EC               | CORP              | US        |      5229 | NS      | $437824.17    | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| WELLS FARGO & CO                              | WELLS FARGO & CO                              | CUSIP: 949746101<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | EC               | CORP              | US        |      7198 | NS      | $573032.78    | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| OGE ENERGY CORP                               | OGE ENERGY CORP                               | CUSIP: 670837103<br>LEI: CE5OG6JPOZMDSA0LAQ19 | Long             | EC               | CORP              | US        |      3400 | NS      | $163064.00    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| PFIZER INC                                    | PFIZER INC                                    | CUSIP: 717081103<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | EC               | CORP              | US        |     35797 | NS      | $1005179.76   | 1.50%             |  |  |  | No            |                  1 | On Loan: No      |
| PNC FINL. SERVS. GRP. INC                     | PNC FINL. SERVS. GRP. INC                     | CUSIP: 693475105<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | EC               | CORP              | US        |       522 | NS      | $108622.98    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| PROCTER & GAMBLE CO/THE                       | PROCTER & GAMBLE CO/THE                       | CUSIP: 742718109<br>LEI: 2572IBTT8CCZW6AU4141 | Long             | EC               | CORP              | US        |      1978 | NS      | $285702.32    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| PULTEGROUP INC                                | PULTEGROUP INC                                | CUSIP: 745867101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       963 | NS      | $113258.43    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| QUALCOMM INC                                  | QUALCOMM INC                                  | CUSIP: 747525103<br>LEI: H1J8DDZKZP6H7RWC0H53 | Long             | EC               | CORP              | US        |      5700 | NS      | $734046.00    | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| RELIANCE INC                                  | RELIANCE INC                                  | CUSIP: 759509102<br>LEI: 549300E287ZOFT3C5Z56 | Long             | EC               | CORP              | US        |       326 | NS      | $99077.92     | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| J M SMUCKER CO/THE                            | J M SMUCKER CO/THE                            | CUSIP: 832696405<br>LEI: 5493000WDH6A0LHDJD55 | Long             | EC               | CORP              | US        |      1719 | NS      | $165780.36    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| ROSS STORES INC                               | ROSS STORES INC                               | CUSIP: 778296103<br>LEI: 549300ENZFLPGRDFZQ60 | Long             | EC               | CORP              | US        |       747 | NS      | $161822.61    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| CHARLES SCHWAB CORP/THE                       | CHARLES SCHWAB CORP/THE                       | CUSIP: 808513105<br>LEI: 549300VSGCJ7E698NM85 | Long             | EC               | CORP              | US        |      2683 | NS      | $252148.34    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| A O SMITH CORP                                | A O SMITH CORP                                | CUSIP: 831865209<br>LEI: 549300XG4US7UJNECY36 | Long             | EC               | CORP              | US        |      4467 | NS      | $294553.98    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| SNAP-ON INC                                   | SNAP-ON INC                                   | CUSIP: 833034101<br>LEI: HHWAT5TDOYZMM26KKQ73 | Long             | EC               | CORP              | US        |       938 | NS      | $340700.36    | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| COMCAST CORP                                  | COMCAST CORP                                  | CUSIP: 20030N101<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | EC               | CORP              | US        |      5649 | NS      | $162182.79    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| TEXAS INSTRUMENTS INC                         | TEXAS INSTRUMENTS INC                         | CUSIP: 882508104<br>LEI: WDJNR2L6D8RWOEB8T652 | Long             | EC               | CORP              | US        |       176 | NS      | $34168.64     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| THERMO FISHER SCIENTIFIC                      | THERMO FISHER SCIENTIFIC                      | CUSIP: 883556102<br>LEI: HCHV7422L5HDJZCRFL38 | Long             | EC               | CORP              | US        |       282 | NS      | $138611.46    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| TORO CO/THE                                   | TORO CO/THE                                   | CUSIP: 891092108<br>LEI: YJKE4YIT6BWQHVEW0D14 | Long             | EC               | CORP              | US        |      3857 | NS      | $360398.08    | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| WALMART INC                                   | WALMART INC                                   | CUSIP: 931142103<br>LEI: Y87794H0US1R65VBXU25 | Long             | EC               | CORP              | US        |      1176 | NS      | $146153.28    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| NI US GOV T PORTFOLIO                         | NI US GOV T PORTFOLIO                         | CUSIP: 665278404<br>LEI: 549300Y178DO5JBR1S04 | Long             | STIV             | RF                | US        |    429306 | NS      | $429305.55    | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITED STATES TSY. 0.00%                      | UNITED STATES TSY. 0.00%                      | CUSIP: 912797SP3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     45000 | PA      | $44836.09     | 0.07%             | 2026-05-07      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| BANK OF NEW YORK MELLON C                     | BANK OF NEW YORK MELLON C                     | CUSIP: 064058100<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | EC               | CORP              | US        |      7090 | NS      | $841086.70    | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| GENPACT LTD                                   | GENPACT LTD                                   | CUSIP: G3922B107<br>LEI: 529900OSEC6Q0L4L5B35 | Long             | EC               | CORP              | BM        |      6838 | NS      | $254715.50    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| GENERAL DYNAMICS CORP                         | GENERAL DYNAMICS CORP                         | CUSIP: 369550108<br>LEI: 9C1X8XOOTYY2FNYTVH06 | Long             | EC               | CORP              | US        |      2377 | NS      | $815833.94    | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| GILEAD SCIENCES INC                           | GILEAD SCIENCES INC                           | CUSIP: 375558103<br>LEI: 549300WTZWR07K8MNV44 | Long             | EC               | CORP              | US        |      6943 | NS      | $967645.91    | 1.44%             |  |  |  | No            |                  1 | On Loan: No      |
| US BANCORP                                    | US BANCORP                                    | CUSIP: 902973304<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | EC               | CORP              | US        |      2218 | NS      | $115358.18    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| LOEWS CORP                                    | LOEWS CORP                                    | CUSIP: 540424108<br>LEI: R8V1FN4M5ITGZOG7BS19 | Long             | EC               | CORP              | US        |      2147 | NS      | $229170.78    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| LEIDOS HLDGS. INC                             | LEIDOS HLDGS. INC                             | CUSIP: 525327102<br>LEI: 549300IUTGTP6EJP8124 | Long             | EC               | CORP              | US        |      1947 | NS      | $302797.44    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| SCIENCE APPLICATIONS INTL                     | SCIENCE APPLICATIONS INTL                     | CUSIP: 808625107<br>LEI: 549300LZPNZIXQGZPZ48 | Long             | EC               | CORP              | US        |        58 | NS      | $5505.36      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| GARMIN LTD                                    | GARMIN LTD                                    | CUSIP: H2906T109<br>LEI: 2549001E0HIPIJQ0W046 | Long             | EC               | CORP              | CH        |       734 | NS      | $170295.34    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| META PLATFORMS INC CL A                       | META PLATFORMS INC CL A                       | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |       322 | NS      | $184225.86    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| TRUIST FINL. CORP                             | TRUIST FINL. CORP                             | CUSIP: 89832Q109<br>LEI: 549300DRQQI75D2JP341 | Long             | EC               | CORP              | US        |      1958 | NS      | $90009.26     | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| SS&C TECHS. HLDGS.                            | SS&C TECHS. HLDGS.                            | CUSIP: 78467J100<br>LEI: 529900POY8H7NPPNKK71 | Long             | EC               | CORP              | US        |      2232 | NS      | $150816.24    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| ALLISON TRANSMISSION HLDG                     | ALLISON TRANSMISSION HLDG                     | CUSIP: 01973R101<br>LEI: 529900RP7DJ882LI9T83 | Long             | EC               | CORP              | US        |      3288 | NS      | $384893.28    | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| FOX CORP                                      | FOX CORP                                      | CUSIP: 35137L105<br>LEI: 549300DDU6FDRBIELS05 | Long             | EC               | CORP              | US        |      5515 | NS      | $322076.00    | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| DUPONT DE NEMOURS INC                         | DUPONT DE NEMOURS INC                         | CUSIP: 26614N102<br>LEI: 5493004JF0SDFLM8GD76 | Long             | EC               | CORP              | US        |      6082 | NS      | $278555.60    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| ANALOG DEVICES INC                            | ANALOG DEVICES INC                            | CUSIP: 032654105<br>LEI: GYVOE5EZ4GDAVTU4CQ61 | Long             | EC               | CORP              | US        |      1775 | NS      | $564698.50    | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| GOLDMAN SACHS GRP. INC/TH                     | GOLDMAN SACHS GRP. INC/TH                     | CUSIP: 38141G104<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | EC               | CORP              | US        |       804 | NS      | $680175.96    | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| WALT DISNEY CO/THE                            | WALT DISNEY CO/THE                            | CUSIP: 254687106<br>LEI: 549300GZKULIZ0WOW665 | Long             | EC               | CORP              | US        |       936 | NS      | $90211.68     | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| BANK OF AMERICA CORP                          | BANK OF AMERICA CORP                          | CUSIP: 060505104<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EC               | CORP              | US        |     21146 | NS      | $1030867.50   | 1.53%             |  |  |  | No            |                  1 | On Loan: No      |
| ELECTRONIC ARTS INC                           | ELECTRONIC ARTS INC                           | CUSIP: 285512109<br>LEI: 549300O7A67PUEYKDL45 | Long             | EC               | CORP              | US        |      2737 | NS      | $557992.19    | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| EMERSON ELECTRIC CO                           | EMERSON ELECTRIC CO                           | CUSIP: 291011104<br>LEI: FGLT0EWZSUIRRITFOA30 | Long             | EC               | CORP              | US        |      5527 | NS      | $724147.54    | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| EOG RES. INC                                  | EOG RES. INC                                  | CUSIP: 26875P101<br>LEI: XWTZDRYZPBUHIQBKDB46 | Long             | EC               | CORP              | US        |      5898 | NS      | $852673.86    | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| NEWMONT CORP                                  | NEWMONT CORP                                  | CUSIP: 651639106<br>LEI: 549300VSP3RIX7FGDZ51 | Long             | EC               | CORP              | US        |      9954 | NS      | $1077520.50   | 1.60%             |  |  |  | No            |                  1 | On Loan: No      |
| STERIS PLC                                    | STERIS PLC                                    | CUSIP: G8473T100<br>LEI: N/A                  | Long             | EC               | CORP              | IE        |      1424 | NS      | $314889.12    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| EXLSERVICE HLDGS. INC                         | EXLSERVICE HLDGS. INC                         | CUSIP: 302081104<br>LEI: 81E3DTNF6OSH489ZOV15 | Long             | EC               | CORP              | US        |      8009 | NS      | $243874.05    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| EXXON MOBIL CORP                              | EXXON MOBIL CORP                              | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |      8123 | NS      | $1378148.18   | 2.05%             |  |  |  | No            |                  1 | On Loan: No      |
| PILGRIM S PRIDE CORP                          | PILGRIM S PRIDE CORP                          | CUSIP: 72147K108<br>LEI: 549300ZSLGV64ZL3HD75 | Long             | EC               | CORP              | US        |      8332 | NS      | $314616.32    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| CITIGROUP INC                                 | CITIGROUP INC                                 | CUSIP: 172967424<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | EC               | CORP              | US        |      9619 | NS      | $1090890.79   | 1.62%             |  |  |  | No            |                  1 | On Loan: No      |
| JAZZ PHARMS. PLC                              | JAZZ PHARMS. PLC                              | CUSIP: G50871105<br>LEI: 635400GAUMJCLEZRRV50 | Long             | EC               | CORP              | IE        |      1891 | NS      | $357493.55    | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| HALOZYME THERAPEUTICS INC                     | HALOZYME THERAPEUTICS INC                     | CUSIP: 40637H109<br>LEI: 529900242I3SV9AGM753 | Long             | EC               | CORP              | US        |      2731 | NS      | $176504.53    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| RALPH LAUREN CORP                             | RALPH LAUREN CORP                             | CUSIP: 751212101<br>LEI: HO1QNWM0IXBZ0QSMMO20 | Long             | EC               | CORP              | US        |      1025 | NS      | $352589.75    | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| DOLLAR TREE INC                               | DOLLAR TREE INC                               | CUSIP: 256746108<br>LEI: 549300PMSTQITB1WHR43 | Long             | EC               | CORP              | US        |      3575 | NS      | $391498.25    | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERICAN INTL. GRP. INC                       | AMERICAN INTL. GRP. INC                       | CUSIP: 026874784<br>LEI: ODVCVCQG2BP6VHV36M30 | Long             | EC               | CORP              | US        |      6274 | NS      | $472118.50    | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| BERKSHIRE HATHAWAY INC                        | BERKSHIRE HATHAWAY INC                        | CUSIP: 084670702<br>LEI: 5493000C01ZX7D35SD85 | Long             | EC               | CORP              | US        |      3398 | NS      | $1628321.60   | 2.42%             |  |  |  | No            |                  1 | On Loan: No      |
| KRAFT HEINZ CO/THE                            | KRAFT HEINZ CO/THE                            | CUSIP: 500754106<br>LEI: 9845007488EC87F5AF14 | Long             | EC               | CORP              | US        |      8066 | NS      | $181404.34    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| FIRST HAWAIIAN INC                            | FIRST HAWAIIAN INC                            | CUSIP: 32051X108<br>LEI: 5493002DJSH46F5OLV06 | Long             | EC               | CORP              | US        |      8797 | NS      | $216758.08    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| LAMB WESTON HLDGS. INC                        | LAMB WESTON HLDGS. INC                        | CUSIP: 513272104<br>LEI: 5493005SMYID1D2OY946 | Long             | EC               | CORP              | US        |      5870 | NS      | $248066.20    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| BRIXMOR PROP. GRP. INC                        | BRIXMOR PROP. GRP. INC                        | CUSIP: 11120U105<br>LEI: 5299007UXW6Y0W2EGZ95 | Long             | EC               | CORP              | US        |     12221 | NS      | $351964.80    | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| ALLY FINL. INC                                | ALLY FINL. INC                                | CUSIP: 02005N100<br>LEI: 549300JBN1OSM8YNAI90 | Long             | EC               | CORP              | US        |       223 | NS      | $8748.29      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| US FOODS HLDG. CORP                           | US FOODS HLDG. CORP                           | CUSIP: 912008109<br>LEI: 549300UGOZSO64CFPR97 | Long             | EC               | CORP              | US        |      2713 | NS      | $250165.73    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| JANUS HENDERSON GRP. PLC                      | JANUS HENDERSON GRP. PLC                      | CUSIP: G4474Y214<br>LEI: 2138009WPYMWJN3RVF44 | Long             | EC               | CORP              | JE        |      2050 | NS      | $105308.50    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| APA CORP                                      | APA CORP                                      | CUSIP: 03743Q108<br>LEI: 549300VCIWLRHYVSHC79 | Long             | EC               | CORP              | US        |     12835 | NS      | $544717.40    | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| VERSANT MEDIA GRP. INC                        | VERSANT MEDIA GRP. INC                        | CUSIP: 925283103<br>LEI: 254900D2Q5F5F229PU30 | Long             | EC               | CORP              | US        |       229 | NS      | $8477.58      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| BEST BUY CO INC                               | BEST BUY CO INC                               | CUSIP: 086516101<br>LEI: HL5XPTVRV0O8TUN5LL90 | Long             | EC               | CORP              | US        |      4623 | NS      | $296796.60    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITED THERAPEUTICS CORP                      | UNITED THERAPEUTICS CORP                      | CUSIP: 91307C102<br>LEI: 5299005C4HZL4UWROC14 | Long             | EC               | CORP              | US        |       749 | NS      | $444142.02    | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| AVALONBAY COMMUNITIES INC                     | AVALONBAY COMMUNITIES INC                     | CUSIP: 053484101<br>LEI: K9G90K85RBWD2LAGQX17 | Long             | EC               | CORP              | US        |      2061 | NS      | $336664.35    | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| F5 INC                                        | F5 INC                                        | CUSIP: 315616102<br>LEI: 54930015FPK9KT966303 | Long             | EC               | CORP              | US        |      1123 | NS      | $324917.59    | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| MDU RES. GRP. INC                             | MDU RES. GRP. INC                             | CUSIP: 552690109<br>LEI: 549300MA0UV6AI6SNV27 | Long             | EC               | CORP              | US        |     15568 | NS      | $322568.96    | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| METLIFE INC                                   | METLIFE INC                                   | CUSIP: 59156R108<br>LEI: C4BXATY60WC6XEOZDX54 | Long             | EC               | CORP              | US        |      6008 | NS      | $424885.76    | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| DANAHER CORP                                  | DANAHER CORP                                  | CUSIP: 235851102<br>LEI: S4BKK9OTCEWQ3YHPFM11 | Long             | EC               | CORP              | US        |      1217 | NS      | $230743.20    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| MICROSOFT CORP                                | MICROSOFT CORP                                | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |       324 | NS      | $119935.08    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| NVR INC                                       | NVR INC                                       | CUSIP: 62944T105<br>LEI: 529900RWXR4JI3JYTV70 | Long             | EC               | CORP              | US        |        51 | NS      | $336081.33    | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| SYNCHRONY FINANCIAL                           | SYNCHRONY FINANCIAL                           | CUSIP: 87165B103<br>LEI: 549300RS7EWPM9MA6C78 | Long             | EC               | CORP              | US        |      3592 | NS      | $244327.84    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| JOHNSON CONTROLS INTL. PL                     | JOHNSON CONTROLS INTL. PL                     | CUSIP: G51502105<br>LEI: 549300XQ6S1GYKGBL205 | Long             | EC               | CORP              | IE        |      6603 | NS      | $864662.85    | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| ALCOA CORP                                    | ALCOA CORP                                    | CUSIP: 013872106<br>LEI: 549300T12EZ1F6PWWU29 | Long             | EC               | CORP              | US        |      9217 | NS      | $611363.61    | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| EVERGY INC                                    | EVERGY INC                                    | CUSIP: 30034W106<br>LEI: 549300PGTHDQY6PSUI61 | Long             | EC               | CORP              | US        |      4468 | NS      | $366018.56    | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| CIGNA GROUP/THE                               | CIGNA GROUP/THE                               | CUSIP: 125523100<br>LEI: 549300VIWYMSIGT1U456 | Long             | EC               | CORP              | US        |      1488 | NS      | $396924.00    | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| RTX CORP                                      | RTX CORP                                      | CUSIP: 75513E101<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | EC               | CORP              | US        |      1119 | NS      | $215855.10    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| MEDTRONIC PLC                                 | MEDTRONIC PLC                                 | CUSIP: G5960L103<br>LEI: 549300GX3ZBSQWUXY261 | Long             | EC               | CORP              | IE        |      6848 | NS      | $593379.20    | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| JACOBS SOLS. INC                              | JACOBS SOLS. INC                              | CUSIP: 46982L108<br>LEI: 254900E3KHXCC2C8K272 | Long             | EC               | CORP              | US        |      1389 | NS      | $176791.92    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| PAYPAL HOLDINGS INC                           | PAYPAL HOLDINGS INC                           | CUSIP: 70450Y103<br>LEI: 5493005X2GO78EFZ3E94 | Long             | EC               | CORP              | US        |     10415 | NS      | $471070.45    | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| VONTIER CORP                                  | VONTIER CORP                                  | CUSIP: 928881101<br>LEI: 549300VVSQLG4P5K4639 | Long             | EC               | CORP              | US        |      1667 | NS      | $59128.49     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| BRIGHTHOUSE FINL. INC                         | BRIGHTHOUSE FINL. INC                         | CUSIP: 10922N103<br>LEI: 5493003T8SZSHOGGAW52 | Long             | EC               | CORP              | US        |      3047 | NS      | $182454.36    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| QIAGEN NV                                     | QIAGEN NV                                     | CUSIP: N72482156<br>LEI: 54930036WK3GMCN17Z57 | Long             | EC               | CORP              | NL        |      3664 | NS      | $146706.56    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| ALPHABET INC                                  | ALPHABET INC                                  | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |      7624 | NS      | $2192357.44   | 3.26%             |  |  |  | No            |                  1 | On Loan: No      |
| IQVIA HLDGS. INC                              | IQVIA HLDGS. INC                              | CUSIP: 46266C105<br>LEI: 549300W3R20NM4KQPH86 | Long             | EC               | CORP              | US        |        84 | NS      | $14325.36     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| REYNOLDS CONSUMER PRODS.                      | REYNOLDS CONSUMER PRODS.                      | CUSIP: 76171L106<br>LEI: 894500ZQLNYY77S80A06 | Long             | EC               | CORP              | US        |       487 | NS      | $10314.66     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| BENTLEY SYS. INC                              | BENTLEY SYS. INC                              | CUSIP: 08265T208<br>LEI: 549300WVEHPGE0Z56F71 | Long             | EC               | CORP              | US        |      2137 | NS      | $75051.44     | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| ANTERO RES. CORP                              | ANTERO RES. CORP                              | CUSIP: 03674X106<br>LEI: APVBKPOULHUX7YZLKU17 | Long             | EC               | CORP              | US        |      8603 | NS      | $365111.32    | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| HUBBELL INC                                   | HUBBELL INC                                   | CUSIP: 443510607<br>LEI: 54930088VDQ6840Y6597 | Long             | EC               | CORP              | US        |       839 | NS      | $411730.86    | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMORGAN CHASE & CO                           | JPMORGAN CHASE & CO                           | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |      8127 | NS      | $2390638.32   | 3.56%             |  |  |  | No            |                  1 | On Loan: No      |
| TARGET CORP                                   | TARGET CORP                                   | CUSIP: 87612E106<br>LEI: 8WDDFXB5T1Z6J0XC1L66 | Long             | EC               | CORP              | US        |      2444 | NS      | $296212.80    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| DILLARD S INC                                 | DILLARD S INC                                 | CUSIP: 254067101<br>LEI: 529900FGYKMWL6019P91 | Long             | EC               | CORP              | US        |       524 | NS      | $299785.64    | 0.45%             |  |  |  | No            |                  1 | On Loan: —       |
| DONALDSON CO INC                              | DONALDSON CO INC                              | CUSIP: 257651109<br>LEI: OZE6KXY9QQPR8EJ8WL20 | Long             | EC               | CORP              | US        |      3902 | NS      | $331162.74    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| DOVER CORP                                    | DOVER CORP                                    | CUSIP: 260003108<br>LEI: 549300FMC2ALGA7N9E80 | Long             | EC               | CORP              | US        |       953 | NS      | $198652.85    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| EQUIFAX INC                                   | EQUIFAX INC                                   | CUSIP: 294429105<br>LEI: 5493004MCF8JDC86VS77 | Long             | EC               | CORP              | US        |       227 | NS      | $40875.89     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| EQUITY RESIDENTIAL                            | EQUITY RESIDENTIAL                            | CUSIP: 29476L107<br>LEI: 5493008RACSH5EP3PI59 | Long             | EC               | CORP              | US        |      6065 | NS      | $358744.75    | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| RESMED INC                                    | RESMED INC                                    | CUSIP: 761152107<br>LEI: 529900T3QE5253CCXF22 | Long             | EC               | CORP              | US        |      1514 | NS      | $339862.72    | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| GENERAL MILLS INC                             | GENERAL MILLS INC                             | CUSIP: 370334104<br>LEI: 2TGYMUGI08PO8X8L6150 | Long             | EC               | CORP              | US        |      7677 | NS      | $285737.94    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| EXELON CORP                                   | EXELON CORP                                   | CUSIP: 30161N101<br>LEI: 3SOUA6IRML7435B56G12 | Long             | EC               | CORP              | US        |      9028 | NS      | $442552.56    | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| NIKE INC                                      | NIKE INC                                      | CUSIP: 654106103<br>LEI: 787RXPR0UX0O0XUXPZ81 | Long             | EC               | CORP              | US        |      7347 | NS      | $388068.54    | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| VAIL RESORTS INC                              | VAIL RESORTS INC                              | CUSIP: 91879Q109<br>LEI: 529900PSZHRNU9HKH870 | Long             | EC               | CORP              | US        |      1132 | NS      | $145258.24    | 0.22%             |  |  |  | No            |                  1 | On Loan: —       |
| ULTA BEAUTY INC                               | ULTA BEAUTY INC                               | CUSIP: 90384S303<br>LEI: 529900CIV6HN8M28YM82 | Long             | EC               | CORP              | US        |       701 | NS      | $366419.71    | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| CF INDS. HLDGS. INC                           | CF INDS. HLDGS. INC                           | CUSIP: 125269100<br>LEI: 529900CG8YAQFZ2JMV97 | Long             | EC               | CORP              | US        |      4337 | NS      | $563116.08    | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| GRAND CANYON EDUCATION IN                     | GRAND CANYON EDUCATION IN                     | CUSIP: 38526M106<br>LEI: 529900XFER799IYOSW74 | Long             | EC               | CORP              | US        |      1610 | NS      | $273748.30    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| PTC INC                                       | PTC INC                                       | CUSIP: 69370C100<br>LEI: 54930050SSMU8SKDJ030 | Long             | EC               | CORP              | US        |      1935 | NS      | $275718.15    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Northern Institutional Liquid Asset Portfolio | Northern Institutional Liquid Asset Portfolio | CUSIP: 665279105<br>LEI: 549300Y178DO5JBR1S04 | Long             | STIV             | RF                | US        |   1221810 | NS      | $1221809.50   | 1.82%             |  |  |  | No            |                  1 | On Loan: No      |
| IMM                                           | FUT. CME MICRO S&P JUN26                      | CUSIP: 02052FAB5<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |        16 | NC      | $525660.00    | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

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

**Name of Applicant:** Northern Funds

**Signature:** Randal E. Rein

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

**Title:** Treasurer and Principal Financial Officer