# EDGAR Filing Document

**Accession Number:** 0000916620
**File Stem:** 0002066578-26-001910
**Filing Date:** 2026-5
**Character Count:** 54952
**Document Hash:** e462201185efd6ceddc387a552a4213c
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002066578-26-001910.hdr.sgml**: 20260528

**ACCESSION NUMBER**: 0002066578-26-001910

**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:** 261034951

**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

### INCOME EQUITY FUND (Series ID: S000001269)

| Class ID   | Class Name         | Ticker Symbol   |
|:---|:---|:---|
| C000003415 | INCOME EQUITY FUND | NOIEX           |

## 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:** Income Equity Fund

- **b. EDGAR series identifier (if any):** S000001269

- **c. LEI of Series:** 5493003PJIQBHD63RO71

**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:** $282526593.48

**Total Liabilities:** $94760.73

**Net Assets:** $282431832.75

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000003415 | 2.28%                | 0.65%                | -4.77%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $98.10                   | $6053963.70                                |
| Month 2  | $1.97                    | $1539096.41                                |
| Month 3  | $5369525.66              | $-20125505.97                              |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| LAMAR ADVERTISING CO                          | LAMAR ADVERTISING CO                          | CUSIP: 512816109<br>LEI: 529900Y8WW4MKVPTB543 | Long             | EC               | CORP              | US        |      5081 | NS      | $643559.46    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| FIRST HAWAIIAN INC                            | FIRST HAWAIIAN INC                            | CUSIP: 32051X108<br>LEI: 5493002DJSH46F5OLV06 | Long             | EC               | CORP              | US        |     32947 | NS      | $811814.08    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| TAPESTRY INC                                  | TAPESTRY INC                                  | CUSIP: 876030107<br>LEI: 549300LJNVY5SW3VTN33 | Long             | EC               | CORP              | US        |     10932 | NS      | $1542614.52   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| TRUIST FINL. CORP                             | TRUIST FINL. CORP                             | CUSIP: 89832Q109<br>LEI: 549300DRQQI75D2JP341 | Long             | EC               | CORP              | US        |     31045 | NS      | $1427138.65   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| BRIXMOR PROP. GRP. INC                        | BRIXMOR PROP. GRP. INC                        | CUSIP: 11120U105<br>LEI: 5299007UXW6Y0W2EGZ95 | Long             | EC               | CORP              | US        |     23750 | NS      | $684000.00    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| PERRIGO CO PLC                                | PERRIGO CO PLC                                | CUSIP: G97822103<br>LEI: 549300IFOQS6R1QLY196 | Long             | EC               | CORP              | IE        |     17781 | NS      | $190967.94    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| VERTIV HLDGS. CO                              | VERTIV HLDGS. CO                              | CUSIP: 92537N108<br>LEI: 549300KTTIRAOGXCRV69 | Long             | EC               | CORP              | US        |      3274 | NS      | $820398.92    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| APA CORP                                      | APA CORP                                      | CUSIP: 03743Q108<br>LEI: 549300VCIWLRHYVSHC79 | Long             | EC               | CORP              | US        |     29849 | NS      | $1266791.56   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| ANALOG DEVICES INC                            | ANALOG DEVICES INC                            | CUSIP: 032654105<br>LEI: GYVOE5EZ4GDAVTU4CQ61 | Long             | EC               | CORP              | US        |       451 | NS      | $143481.14    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| ONEMAIN HLDGS. INC                            | ONEMAIN HLDGS. INC                            | CUSIP: 68268W103<br>LEI: 549300E3VEW8SMS5XW09 | Long             | EC               | CORP              | US        |     16045 | NS      | $858247.05    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| BROADCOM INC                                  | BROADCOM INC                                  | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |     31806 | NS      | $9844275.06   | 3.49%             |  |  |  | No            |                  1 | On Loan: No      |
| GAMING AND LEISURE PROPS.                     | GAMING AND LEISURE PROPS.                     | CUSIP: 36467J108<br>LEI: 5493006GWRDBCZYWTM57 | Long             | EC               | CORP              | US        |     17685 | NS      | $784683.45    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| VISTRA CORP                                   | VISTRA CORP                                   | CUSIP: 92840M102<br>LEI: 549300KP43CPCUJOOG15 | Long             | EC               | CORP              | US        |      2823 | NS      | $424381.59    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| VICI PROPS. INC                               | VICI PROPS. INC                               | CUSIP: 925652109<br>LEI: 254900RKH6RY9KCJQH63 | Long             | EC               | CORP              | US        |     44435 | NS      | $1213964.20   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| BOOKING HLDGS. INC                            | BOOKING HLDGS. INC                            | CUSIP: 09857L108<br>LEI: FXM8FAOHMYDIPD38UZ17 | Long             | EC               | CORP              | US        |       134 | NS      | $564182.88    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| OTIS WORLDWIDE CORP                           | OTIS WORLDWIDE CORP                           | CUSIP: 68902V107<br>LEI: 549300ZLBKR8VSU25153 | Long             | EC               | CORP              | US        |      7938 | NS      | $611861.04    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| ALPHABET INC                                  | ALPHABET INC                                  | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |     50535 | NS      | $14531844.60  | 5.15%             |  |  |  | No            |                  1 | On Loan: No      |
| ANTERO MIDSTREAM CORP                         | ANTERO MIDSTREAM CORP                         | CUSIP: 03676B102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     38050 | NS      | $867540.00    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| GEN DIGITAL INC                               | GEN DIGITAL INC                               | CUSIP: 668771108<br>LEI: YF6ZV0M6AU4FY94MK914 | Long             | EC               | CORP              | US        |     46150 | NS      | $869004.50    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| EQUITABLE HLDGS. INC                          | EQUITABLE HLDGS. INC                          | CUSIP: 29452E101<br>LEI: 549300FIBAKMNHPZ4009 | Long             | EC               | CORP              | US        |      9414 | NS      | $349353.54    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| BENTLEY SYS. INC                              | BENTLEY SYS. INC                              | CUSIP: 08265T208<br>LEI: 549300WVEHPGE0Z56F71 | Long             | EC               | CORP              | US        |     15191 | NS      | $533507.92    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| ABBVIE INC                                    | ABBVIE INC                                    | CUSIP: 00287Y109<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | EC               | CORP              | US        |     21467 | NS      | $4668857.83   | 1.65%             |  |  |  | No            |                  1 | On Loan: No      |
| HP INC                                        | HP INC                                        | CUSIP: 40434L105<br>LEI: WHKXQACZ14C5XRO8LW03 | Long             | EC               | CORP              | US        |     73515 | NS      | $1412223.15   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMORGAN CHASE & CO                           | JPMORGAN CHASE & CO                           | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |      9047 | NS      | $2661265.52   | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| EQUITY RESIDENTIAL                            | EQUITY RESIDENTIAL                            | CUSIP: 29476L107<br>LEI: 5493008RACSH5EP3PI59 | Long             | EC               | CORP              | US        |     16068 | NS      | $950422.20    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| RESMED INC                                    | RESMED INC                                    | CUSIP: 761152107<br>LEI: 529900T3QE5253CCXF22 | Long             | EC               | CORP              | US        |      2971 | NS      | $666930.08    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| GENERAL MILLS INC                             | GENERAL MILLS INC                             | CUSIP: 370334104<br>LEI: 2TGYMUGI08PO8X8L6150 | Long             | EC               | CORP              | US        |     27316 | NS      | $1016701.52   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| GILEAD SCIENCES INC                           | GILEAD SCIENCES INC                           | CUSIP: 375558103<br>LEI: 549300WTZWR07K8MNV44 | Long             | EC               | CORP              | US        |     22866 | NS      | $3186834.42   | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| HASBRO INC                                    | HASBRO INC                                    | CUSIP: 418056107<br>LEI: 549300NUB6D2R1ITYR45 | Long             | EC               | CORP              | US        |     15726 | NS      | $1471953.60   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| HIGHWOODS PROPS. INC                          | HIGHWOODS PROPS. INC                          | CUSIP: 431284108<br>LEI: ZIIGTYKL9T0X3HLTDX53 | Long             | EC               | CORP              | US        |     39420 | NS      | $843982.20    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| ILLINOIS TOOL WORKS INC                       | ILLINOIS TOOL WORKS INC                       | CUSIP: 452308109<br>LEI: 76NA4I14SZCFAYMNSV04 | Long             | EC               | CORP              | US        |      6326 | NS      | $1646594.54   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| MGIC INV. CORP                                | MGIC INV. CORP                                | CUSIP: 552848103<br>LEI: 254900S8483WM4M98R28 | Long             | EC               | CORP              | US        |     10949 | NS      | $287411.25    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| AT&T INC                                      | AT&T INC                                      | CUSIP: 00206R102<br>LEI: 549300Z40J86GGSTL398 | Long             | EC               | CORP              | US        |     82014 | NS      | $2377585.86   | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| EXXON MOBIL CORP                              | EXXON MOBIL CORP                              | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |      8579 | NS      | $1455513.14   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| TESLA INC                                     | TESLA INC                                     | CUSIP: 88160R101<br>LEI: 54930043XZGB27CTOV49 | Long             | EC               | CORP              | US        |      6822 | NS      | $2536078.50   | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| CITIGROUP INC                                 | CITIGROUP INC                                 | CUSIP: 172967424<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | EC               | CORP              | US        |     35960 | NS      | $4078223.60   | 1.44%             |  |  |  | No            |                  1 | On Loan: No      |
| BROADRIDGE FINL. SOLS. IN                     | BROADRIDGE FINL. SOLS. IN                     | CUSIP: 11133T103<br>LEI: 549300KZDJZQ2YIHRC28 | Long             | EC               | CORP              | US        |      3381 | NS      | $549344.88    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| INVESCO LTD                                   | INVESCO LTD                                   | CUSIP: G491BT108<br>LEI: ECPGFXU8A2SHKVVGJI15 | Long             | EC               | CORP              | BM        |     62628 | NS      | $1521234.12   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| PHILIP MORRIS INTL. INC                       | PHILIP MORRIS INTL. INC                       | CUSIP: 718172109<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | EC               | CORP              | US        |     24389 | NS      | $4032477.26   | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |
| EPR PROPERTIES                                | EPR PROPERTIES                                | CUSIP: 26884U109<br>LEI: 549300YSSXFHMPOWZ492 | Long             | EC               | CORP              | US        |     14977 | NS      | $748250.92    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| BERKSHIRE HATHAWAY INC                        | BERKSHIRE HATHAWAY INC                        | CUSIP: 084670702<br>LEI: 5493000C01ZX7D35SD85 | Long             | EC               | CORP              | US        |      3356 | NS      | $1608195.20   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| LAZARD INC                                    | LAZARD INC                                    | CUSIP: 52110M109<br>LEI: 254900RIBCDJSUFG1A11 | Long             | EC               | CORP              | US        |     12521 | NS      | $531892.08    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| UWM HLDGS. CORP                               | UWM HLDGS. CORP                               | CUSIP: 91823B109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    222532 | NS      | $805565.84    | 0.29%             |  |  |  | No            |                  1 | On Loan: —       |
| GENERAL ELECTRIC CO                           | GENERAL ELECTRIC CO                           | CUSIP: 369604301<br>LEI: 3C7474T6CDKPR9K6YT90 | Long             | EC               | CORP              | US        |      4805 | NS      | $1363514.85   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| INTERNATIONAL BUSINESS MA                     | INTERNATIONAL BUSINESS MA                     | CUSIP: 459200101<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | EC               | CORP              | US        |      5456 | NS      | $1322479.84   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| AFLAC INC                                     | AFLAC INC                                     | CUSIP: 001055102<br>LEI: 549300N0B7DOGLXWPP39 | Long             | EC               | CORP              | US        |     12650 | NS      | $1387831.50   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA CORP                                   | NVIDIA CORP                                   | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |    138497 | NS      | $24153876.80  | 8.55%             |  |  |  | No            |                  1 | On Loan: No      |
| MCKESSON CORP                                 | MCKESSON CORP                                 | CUSIP: 58155Q103<br>LEI: 549300WZWOM80UCFSF54 | Long             | EC               | CORP              | US        |       462 | NS      | $399796.32    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| AMDOCS LTD                                    | AMDOCS LTD                                    | CUSIP: G02602103<br>LEI: 549300HQV672RJ7RQV66 | Long             | EC               | CORP              | GG        |      7479 | NS      | $488079.54    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| AUTOMATIC DATA PROCESSING                     | AUTOMATIC DATA PROCESSING                     | CUSIP: 053015103<br>LEI: HGBOLILQXWER4SAL2I23 | Long             | EC               | CORP              | US        |      9989 | NS      | $2029565.02   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| BEST BUY CO INC                               | BEST BUY CO INC                               | CUSIP: 086516101<br>LEI: HL5XPTVRV0O8TUN5LL90 | Long             | EC               | CORP              | US        |     22844 | NS      | $1466584.80   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| H&R BLOCK INC                                 | H&R BLOCK INC                                 | CUSIP: 093671105<br>LEI: 549300CE3KUCWLZBG404 | Long             | EC               | CORP              | US        |     27951 | NS      | $887164.74    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| COGNIZANT TECH. SOLS. COR                     | COGNIZANT TECH. SOLS. COR                     | CUSIP: 192446102<br>LEI: 5493006IEVQEFQO40L83 | Long             | EC               | CORP              | US        |     10257 | NS      | $629266.95    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITED PARCEL SERV. INC                       | UNITED PARCEL SERV. INC                       | CUSIP: 911312106<br>LEI: D01LMJZU09ULLNCY6Z23 | Long             | EC               | CORP              | US        |     18356 | NS      | $1805863.28   | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| CISCO SYSTEMS INC                             | CISCO SYSTEMS INC                             | CUSIP: 17275R102<br>LEI: 549300LKFJ962MZ46593 | Long             | EC               | CORP              | US        |     57441 | NS      | $4456847.19   | 1.58%             |  |  |  | No            |                  1 | On Loan: No      |
| CLOROX CO/THE                                 | CLOROX CO/THE                                 | CUSIP: 189054109<br>LEI: 54930044KVSC06Z79I06 | Long             | EC               | CORP              | US        |     11619 | NS      | $1204076.97   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| CONSOLIDATED EDISON INC                       | CONSOLIDATED EDISON INC                       | CUSIP: 209115104<br>LEI: 54930033SBW53OO8T749 | Long             | EC               | CORP              | US        |     14698 | NS      | $1663519.64   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| MDU RES. GRP. INC                             | MDU RES. GRP. INC                             | CUSIP: 552690109<br>LEI: 549300MA0UV6AI6SNV27 | Long             | EC               | CORP              | US        |     10164 | NS      | $210598.08    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| METLIFE INC                                   | METLIFE INC                                   | CUSIP: 59156R108<br>LEI: C4BXATY60WC6XEOZDX54 | Long             | EC               | CORP              | US        |     20172 | NS      | $1426563.84   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY                                | MORGAN STANLEY                                | CUSIP: 617446448<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EC               | CORP              | US        |      6854 | NS      | $1127962.78   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| BANK OF AMERICA CORP                          | BANK OF AMERICA CORP                          | CUSIP: 060505104<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EC               | CORP              | US        |      5937 | NS      | $289428.75    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| EMERSON ELECTRIC CO                           | EMERSON ELECTRIC CO                           | CUSIP: 291011104<br>LEI: FGLT0EWZSUIRRITFOA30 | Long             | EC               | CORP              | US        |      9810 | NS      | $1285306.20   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| FASTENAL CO                                   | FASTENAL CO                                   | CUSIP: 311900104<br>LEI: 529900PP0C7H2HHPSJ32 | Long             | EC               | CORP              | US        |     32266 | NS      | $1497142.40   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| AMAZON.COM INC                                | AMAZON.COM INC                                | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |     35332 | NS      | $7358595.64   | 2.61%             |  |  |  | No            |                  1 | On Loan: No      |
| HONEYWELL INTERNATIONAL I                     | HONEYWELL INTERNATIONAL I                     | CUSIP: 438516106<br>LEI: ISRPG12PN4EIEOEMW547 | Long             | EC               | CORP              | US        |      2163 | NS      | $488902.89    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| AMGEN INC                                     | AMGEN INC                                     | CUSIP: 031162100<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | EC               | CORP              | US        |      7242 | NS      | $2548097.70   | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| VERIZON COMMS. INC                            | VERIZON COMMS. INC                            | CUSIP: 92343V104<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | EC               | CORP              | US        |     49545 | NS      | $2487159.00   | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| FIRSTENERGY CORP                              | FIRSTENERGY CORP                              | CUSIP: 337932107<br>LEI: 549300SVYJS666PQJH88 | Long             | EC               | CORP              | US        |     30895 | NS      | $1565140.70   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| ROBERT HALF INC                               | ROBERT HALF INC                               | CUSIP: 770323103<br>LEI: 529900VPCUY9H3HLIC08 | Long             | EC               | CORP              | US        |     35860 | NS      | $910844.00    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| CAMDEN PROP. TRUST                            | CAMDEN PROP. TRUST                            | CUSIP: 133131102<br>LEI: 5493002MYX22OHYJBD89 | Long             | EC               | CORP              | US        |      6874 | NS      | $671314.84    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| CATERPILLAR INC                               | CATERPILLAR INC                               | CUSIP: 149123101<br>LEI: WRJR7GS4GTRECRRTVX92 | Long             | EC               | CORP              | US        |       420 | NS      | $297553.20    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| RITHM CAP. CORP                               | RITHM CAP. CORP                               | CUSIP: 64828T201<br>LEI: 549300WNTHGEO5LP2G31 | Long             | EC               | CORP              | US        |     87973 | NS      | $833984.04    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| VALERO ENERGY CORP                            | VALERO ENERGY CORP                            | CUSIP: 91913Y100<br>LEI: 549300XTO5VR8SKV1V74 | Long             | EC               | CORP              | US        |      8196 | NS      | $2025067.68   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| APPLIED MATS. INC                             | APPLIED MATS. INC                             | CUSIP: 038222105<br>LEI: 41BNNE1AFPNAZELZ6K07 | Long             | EC               | CORP              | US        |       743 | NS      | $253949.97    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| BRISTOL-MYERS SQUIBB CO                       | BRISTOL-MYERS SQUIBB CO                       | CUSIP: 110122108<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | EC               | CORP              | US        |     50567 | NS      | $3066888.55   | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| OMEGA HEALTHCARE INVSTRS.                     | OMEGA HEALTHCARE INVSTRS.                     | CUSIP: 681936100<br>LEI: 549300OJ7ENK42CZ8E73 | Long             | EC               | CORP              | US        |      4520 | NS      | $198066.40    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| CULLEN/FROST BANKERS INC                      | CULLEN/FROST BANKERS INC                      | CUSIP: 229899109<br>LEI: 529900V2E9G9AY665O34 | Long             | EC               | CORP              | US        |      6503 | NS      | $891431.24    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| HOME DEPOT INC/THE                            | HOME DEPOT INC/THE                            | CUSIP: 437076102<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | EC               | CORP              | US        |      7209 | NS      | $2370968.01   | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| JOHNSON & JOHNSON                             | JOHNSON & JOHNSON                             | CUSIP: 478160104<br>LEI: 549300G0CFPGEF6X2043 | Long             | EC               | CORP              | US        |     15628 | NS      | $3820108.32   | 1.35%             |  |  |  | No            |                  1 | On Loan: No      |
| KLA CORP                                      | KLA CORP                                      | CUSIP: 482480100<br>LEI: 549300H0BF5JCG96TJ81 | Long             | EC               | CORP              | US        |      2555 | NS      | $3762007.55   | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| KIMBERLY-CLARK CORP                           | KIMBERLY-CLARK CORP                           | CUSIP: 494368103<br>LEI: MP3J6QPYPGN75NVW2S34 | Long             | EC               | CORP              | US        |     11754 | NS      | $1133908.38   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| LOCKHEED MARTIN CORP                          | LOCKHEED MARTIN CORP                          | CUSIP: 539830109<br>LEI: DPRBOZP0K5RM2YE8UU08 | Long             | EC               | CORP              | US        |      5058 | NS      | $3057004.62   | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| PRINCIPAL FINL. GRP. INC                      | PRINCIPAL FINL. GRP. INC                      | CUSIP: 74251V102<br>LEI: CUMYEZJOAF02RYZ1JJ85 | Long             | EC               | CORP              | US        |     10994 | NS      | $990669.34    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| HOST HOTELS & RESORTS INC                     | HOST HOTELS & RESORTS INC                     | CUSIP: 44107P104<br>LEI: N6EL63S0K3PB1YFTDI24 | Long             | EC               | CORP              | US        |     21080 | NS      | $403892.80    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| MICROSOFT CORP                                | MICROSOFT CORP                                | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |     33306 | NS      | $12328882.02  | 4.37%             |  |  |  | No            |                  1 | On Loan: No      |
| PRUDENTIAL FINL. INC                          | PRUDENTIAL FINL. INC                          | CUSIP: 744320102<br>LEI: 5PRBRS5FEH7NREC8OR45 | Long             | EC               | CORP              | US        |     16778 | NS      | $1639042.82   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| PEGASYSTEMS INC                               | PEGASYSTEMS INC                               | CUSIP: 705573103<br>LEI: 549300FMCOKPL06FYN26 | Long             | EC               | CORP              | US        |     14839 | NS      | $631547.84    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| NEWMONT CORP                                  | NEWMONT CORP                                  | CUSIP: 651639106<br>LEI: 549300VSP3RIX7FGDZ51 | Long             | EC               | CORP              | US        |     11634 | NS      | $1259380.50   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| OLD REPUBLIC INTL. CORP                       | OLD REPUBLIC INTL. CORP                       | CUSIP: 680223104<br>LEI: 549300IV6O2YY2A1KH37 | Long             | EC               | CORP              | US        |     17356 | NS      | $692504.40    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| PAYCHEX INC                                   | PAYCHEX INC                                   | CUSIP: 704326107<br>LEI: 529900K900DW6SUBM174 | Long             | EC               | CORP              | US        |      4956 | NS      | $456546.72    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| PEPSICO INC                                   | PEPSICO INC                                   | CUSIP: 713448108<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | EC               | CORP              | US        |      2025 | NS      | $314462.25    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| PFIZER INC                                    | PFIZER INC                                    | CUSIP: 717081103<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | EC               | CORP              | US        |     71298 | NS      | $2002047.84   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| COSTCO WHOLESALE CORP                         | COSTCO WHOLESALE CORP                         | CUSIP: 22160K105<br>LEI: 29DX7H14B9S6O3FD6V18 | Long             | EC               | CORP              | US        |      1024 | NS      | $1020344.32   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| PROCTER & GAMBLE CO/THE                       | PROCTER & GAMBLE CO/THE                       | CUSIP: 742718109<br>LEI: 2572IBTT8CCZW6AU4141 | Long             | EC               | CORP              | US        |     28971 | NS      | $4184571.24   | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| QUALCOMM INC                                  | QUALCOMM INC                                  | CUSIP: 747525103<br>LEI: H1J8DDZKZP6H7RWC0H53 | Long             | EC               | CORP              | US        |     19684 | NS      | $2534905.52   | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| ROCKWELL AUTOMATION INC                       | ROCKWELL AUTOMATION INC                       | CUSIP: 773903109<br>LEI: VH3R4HHBHH12O0EXZJ88 | Long             | EC               | CORP              | US        |      3703 | NS      | $1328932.64   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| SIMON PROP. GRP. INC                          | SIMON PROP. GRP. INC                          | CUSIP: 828806109<br>LEI: 529900GQL5X8H7AO3T64 | Long             | EC               | CORP              | US        |      8132 | NS      | $1516861.96   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| SNAP-ON INC                                   | SNAP-ON INC                                   | CUSIP: 833034101<br>LEI: HHWAT5TDOYZMM26KKQ73 | Long             | EC               | CORP              | US        |      2921 | NS      | $1060965.62   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| EDISON INTERNATIONAL                          | EDISON INTERNATIONAL                          | CUSIP: 281020107<br>LEI: 549300I7ROF15MAEVP56 | Long             | EC               | CORP              | US        |     22310 | NS      | $1632645.80   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| COMCAST CORP                                  | COMCAST CORP                                  | CUSIP: 20030N101<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | EC               | CORP              | US        |     35262 | NS      | $1012372.02   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| CF INDS. HLDGS. INC                           | CF INDS. HLDGS. INC                           | CUSIP: 125269100<br>LEI: 529900CG8YAQFZ2JMV97 | Long             | EC               | CORP              | US        |      9339 | NS      | $1212575.76   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| SOUTHERN COPPER CORP                          | SOUTHERN COPPER CORP                          | CUSIP: 84265V105<br>LEI: 2549007U6NAP46Q9TU15 | Long             | EC               | CORP              | US        |      4541 | NS      | $781324.46    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| FIDELITY NATL. INFO. SERV                     | FIDELITY NATL. INFO. SERV                     | CUSIP: 31620M106<br>LEI: 6WQI0GK1PRFVBA061U48 | Long             | EC               | CORP              | US        |     19853 | NS      | $931304.23    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| WESTERN UNION CO/THE                          | WESTERN UNION CO/THE                          | CUSIP: 959802109<br>LEI: 28ID94QU1140NC23S047 | Long             | EC               | CORP              | US        |     89151 | NS      | $778288.23    | 0.28%             |  |  |  | No            |                  1 | On Loan: —       |
| EBAY INC                                      | EBAY INC                                      | CUSIP: 278642103<br>LEI: OML71K8X303XQONU6T67 | Long             | EC               | CORP              | US        |     12034 | NS      | $1095334.68   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| FIFTH THIRD BANCORP                           | FIFTH THIRD BANCORP                           | CUSIP: 316773100<br>LEI: THRNG6BD57P9QWTQLG42 | Long             | EC               | CORP              | US        |     19136 | NS      | $889058.56    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| FRANKLIN RES. INC                             | FRANKLIN RES. INC                             | CUSIP: 354613101<br>LEI: RIFQSET379FOGTEFKS80 | Long             | EC               | CORP              | US        |     57491 | NS      | $1357937.42   | 0.48%             |  |  |  | No            |                  1 | On Loan: —       |
| INTUIT INC                                    | INTUIT INC                                    | CUSIP: 461202103<br>LEI: VI90HBPH7XSFMB9E4M29 | Long             | EC               | CORP              | US        |      5131 | NS      | $2218541.78   | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| T ROWE PRICE GRP. INC                         | T ROWE PRICE GRP. INC                         | CUSIP: 74144T108<br>LEI: 549300SIV6FPS9Y7IH33 | Long             | EC               | CORP              | US        |     17017 | NS      | $1533912.38   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| PUBLIC SERV. ENT. GRP. IN                     | PUBLIC SERV. ENT. GRP. IN                     | CUSIP: 744573106<br>LEI: PUSS41EMO3E6XXNV3U28 | Long             | EC               | CORP              | US        |     12011 | NS      | $972290.45    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| YUM! BRANDS INC                               | YUM! BRANDS INC                               | CUSIP: 988498101<br>LEI: 549300JE8XHZZ7OHN517 | Long             | EC               | CORP              | US        |      4002 | NS      | $622230.96    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| SKYWORKS SOLS. INC                            | SKYWORKS SOLS. INC                            | CUSIP: 83088M102<br>LEI: 549300WZ3ORQ2BVKBD96 | Long             | EC               | CORP              | US        |     18792 | NS      | $1006311.60   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| SCOTTS MIRACLE-GRO CO/THE                     | SCOTTS MIRACLE-GRO CO/THE                     | CUSIP: 810186106<br>LEI: 2TH9E0JTOUXOEGI2R879 | Long             | EC               | CORP              | US        |     12731 | NS      | $774172.11    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| SOUTHERN CO/THE                               | SOUTHERN CO/THE                               | CUSIP: 842587107<br>LEI: 549300FC3G3YU2FBZD92 | Long             | EC               | CORP              | US        |     16169 | NS      | $1560631.88   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| STATE STREET CORP                             | STATE STREET CORP                             | CUSIP: 857477103<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | EC               | CORP              | US        |     12147 | NS      | $1537324.32   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| PUBLIC STORAGE                                | PUBLIC STORAGE                                | CUSIP: 74460D109<br>LEI: 254900GLQZAD4N7N5Q19 | Long             | EC               | CORP              | US        |      4449 | NS      | $1205145.12   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| UGI CORP                                      | UGI CORP                                      | CUSIP: 902681105<br>LEI: DX6GCWD4Q1JO9CRE5I40 | Long             | EC               | CORP              | US        |     22911 | NS      | $834418.62    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| ALTRIA GRP. INC                               | ALTRIA GRP. INC                               | CUSIP: 02209S103<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | EC               | CORP              | US        |     41698 | NS      | $2751651.02   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| UNION PACIFIC CORP                            | UNION PACIFIC CORP                            | CUSIP: 907818108<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | EC               | CORP              | US        |     11864 | NS      | $2878443.68   | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITEDHEALTH GRP. INC                         | UNITEDHEALTH GRP. INC                         | CUSIP: 91324P102<br>LEI: 549300GHBMY8T5GXDE41 | Long             | EC               | CORP              | US        |       760 | NS      | $205648.40    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| VAIL RESORTS INC                              | VAIL RESORTS INC                              | CUSIP: 91879Q109<br>LEI: 529900PSZHRNU9HKH870 | Long             | EC               | CORP              | US        |      6463 | NS      | $829332.16    | 0.29%             |  |  |  | No            |                  1 | On Loan: —       |
| WESTERN DIGITAL CORP                          | WESTERN DIGITAL CORP                          | CUSIP: 958102105<br>LEI: 549300QQXOOYEF89IC56 | Long             | EC               | CORP              | US        |      3133 | NS      | $847445.17    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| WILLIAMS-SONOMA INC                           | WILLIAMS-SONOMA INC                           | CUSIP: 969904101<br>LEI: 549300IARG6YWVTZ1I92 | Long             | EC               | CORP              | US        |      5587 | NS      | $1018677.71   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| ACCENTURE PLC                                 | ACCENTURE PLC                                 | CUSIP: G1151C101<br>LEI: 5493000EWHDSR3MZWH98 | Long             | EC               | CORP              | IE        |     11048 | NS      | $2190707.92   | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| MERCK & CO INC                                | MERCK & CO INC                                | CUSIP: 58933Y105<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | EC               | CORP              | US        |     36970 | NS      | $4447121.30   | 1.57%             |  |  |  | No            |                  1 | On Loan: No      |
| DUKE ENERGY CORP                              | DUKE ENERGY CORP                              | CUSIP: 26441C204<br>LEI: I1BZKREC126H0VB1BL91 | Long             | EC               | CORP              | US        |     19317 | NS      | $2529367.98   | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| OLD DOMINION FREIGHT LINE                     | OLD DOMINION FREIGHT LINE                     | CUSIP: 679580100<br>LEI: 5299009TWK32WE417T96 | Long             | EC               | CORP              | US        |      4592 | NS      | $897276.80    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| NEXSTAR MEDIA GRP. INC                        | NEXSTAR MEDIA GRP. INC                        | CUSIP: 65336K103<br>LEI: 52990083ZRR5UT591988 | Long             | EC               | CORP              | US        |       817 | NS      | $147738.11    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| MILLICOM INTL. CELLULAR S                     | MILLICOM INTL. CELLULAR S                     | CUSIP: L6388F110<br>LEI: 549300CTHC1CP86P2G96 | Long             | EC               | CORP              | LU        |     12336 | NS      | $924459.84    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| SALESFORCE INC                                | SALESFORCE INC                                | CUSIP: 79466L302<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | EC               | CORP              | US        |      5453 | NS      | $1017911.51   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| LAS VEGAS SANDS CORP                          | LAS VEGAS SANDS CORP                          | CUSIP: 517834107<br>LEI: 549300DUOO1KXOHPM605 | Long             | EC               | CORP              | US        |      2677 | NS      | $144236.76    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| BROOKFIELD RENEWABLE CORP                     | BROOKFIELD RENEWABLE CORP                     | CUSIP: 11285B108<br>LEI: 894500N9AWD5I1YNP231 | Long             | EC               | CORP              | CA        |      8987 | NS      | $357952.21    | 0.13%             |  |  |  | No            |                  1 | On Loan: —       |
| APPLE INC                                     | APPLE INC                                     | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |     85771 | NS      | $21767822.09  | 7.71%             |  |  |  | No            |                  1 | On Loan: No      |
| ELI LILLY & CO COM NPV                        | ELI LILLY & CO COM NPV                        | CUSIP: 532457108<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | EC               | CORP              | US        |      2515 | NS      | $2313221.55   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| NI US GOV T PORTFOLIO                         | NI US GOV T PORTFOLIO                         | CUSIP: 665278404<br>LEI: 549300Y178DO5JBR1S04 | Long             | STIV             | RF                | US        |   2284526 | NS      | $2284526.00   | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITED STATES TSY. 0.00%                      | UNITED STATES TSY. 0.00%                      | CUSIP: 912797SP3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    191000 | PA      | $190304.28    | 0.07%             | 2026-05-07      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| LAM RESEARCH CORP                             | LAM RESEARCH CORP                             | CUSIP: 512807306<br>LEI: 549300I4GMO6D34U1T02 | Long             | EC               | CORP              | US        |     19906 | NS      | $4253115.96   | 1.51%             |  |  |  | No            |                  1 | On Loan: No      |
| MILLROSE PROPERTIES INC                       | MILLROSE PROPERTIES INC                       | CUSIP: 601137102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     28865 | NS      | $808220.00    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| NETAPP INC                                    | NETAPP INC                                    | CUSIP: 64110D104<br>LEI: QTX3D84DZDD5JYOCYH15 | Long             | EC               | CORP              | US        |      9202 | NS      | $942192.78    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| META PLATFORMS INC CL A                       | META PLATFORMS INC CL A                       | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |      6457 | NS      | $3694243.41   | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| GE VERNOVA INC                                | GE VERNOVA INC                                | CUSIP: 36828A101<br>LEI: 254900DP080RU6OK2553 | Long             | EC               | CORP              | US        |      4825 | NS      | $4211742.50   | 1.49%             |  |  |  | No            |                  1 | On Loan: No      |
| STARWOOD PROP. TST. INC                       | STARWOOD PROP. TST. INC                       | CUSIP: 85571B105<br>LEI: BUGSFQZERKRBFWIG5267 | Long             | EC               | CORP              | US        |     48387 | NS      | $833224.14    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| WENDY S CO/THE                                | WENDY S CO/THE                                | CUSIP: 95058W100<br>LEI: 529900M0JIUCMWVKHG76 | Long             | EC               | CORP              | US        |     49412 | NS      | $343413.40    | 0.12%             |  |  |  | No            |                  1 | On Loan: —       |
| OPT. ALPHAB C 360 17/4/26                     | OPT. ALPHAB C 360 17/4/26                     | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               | CORP              | US        |      -505 | NC      | $-1515.00     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| OPT. AMAZON C 250 17/4/26                     | OPT. AMAZON C 250 17/4/26                     | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               | CORP              | US        |      -353 | NC      | $-1412.00     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| OPT. APPLE C 300 17/4/26                      | OPT. APPLE C 300 17/4/26                      | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               | CORP              | US        |      -428 | NC      | $-856.00      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| OPT. META P C 750 17/4/26                     | OPT. META P C 750 17/4/26                     | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               | CORP              | US        |       -64 | NC      | $-512.00      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| OPT. NVIDIA C 225 17/4/26                     | OPT. NVIDIA C 225 17/4/26                     | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               | CORP              | US        |     -1384 | NC      | $-4152.00     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| OPT. TESLA C 500 17/4/26                      | OPT. TESLA C 500 17/4/26                      | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               | CORP              | US        |       -68 | NC      | $-748.00      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Northern Institutional Liquid Asset Portfolio | Northern Institutional Liquid Asset Portfolio | CUSIP: 665279105<br>LEI: 549300Y178DO5JBR1S04 | Long             | STIV             | RF                | US        |   2749208 | NS      | $2749207.75   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| IMM                                           | FUT. CME MICRO S&P JUN26                      | CUSIP: 02052FAB5<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |        77 | NC      | $2529738.75   | 0.90%             |  |  |  | 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