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INC F2V 549300B3CEAHYG7K8164 65535HCE7 450000 PA USD 436524.04 0.4781053033 Long DBT CORP JP N 2 2036-06-10 Fixed 5.0429988 N N N N N N HCA INC 4.90% L3CJ6J7LJ2DX62FTXD46 404119DF3 95000 PA USD 91846.94 0.1005958552 Long DBT CORP US N 2 2035-11-15 Fixed 4.9 N N N N N N HUDSON YARDS 2016- 2.835% N/A 44421LAA0 280000 PA USD 277864.24 0.3043323038 Long ABS-O CORP US Y 2 2038-08-10 Fixed 2.835 N N N N N N FANNIE MAE POOL 3.50% B1V7KEBTPIMZEU4LTD58 3138WGPQ1 240735.61 PA USD 226117.33 0.2476562222 Long ABS-MBS USGSE US N 2 2046-02-01 Fixed 3.5 N N N N N N FANNIE MAE POOL 3.00% B1V7KEBTPIMZEU4LTD58 3138ETH66 191044.72 PA USD 174842.67 0.1914973750 Long ABS-MBS USGSE US N 2 2044-10-01 Fixed 3 N N N N N N MORGAN STANLEY BANK 3.72% N/A 61691GAS9 80000 PA USD 79537.46 0.0871138310 Long ABS-O CORP US N 2 2049-12-15 Variable 3.72 N N N N N N CBOT 549300EX04Q2QBFQTQ27 000000000 -13 NC USD -1515312.5 -1.6596541680 N/A DIR CORP US N 1 Chicago Board of Trade 549300EX04Q2QBFQTQ27 Short US 30yr 6.00% WN 2026-06-18 -1515312.5 USD 51187.5 N N N CBOT 549300EX04Q2QBFQTQ27 000000000 -50 NC USD -5675780 -6.2164285805 N/A DIR CORP US N 1 Chicago Board of Trade 549300EX04Q2QBFQTQ27 Short US 10YR 6% TY 2026-06-18 -5675780 USD 127354.05 N N N CBOT 549300EX04Q2QBFQTQ27 000000000 42 NC USD 4782750 5.2383326685 N/A DIR CORP US N 1 Chicago Board of Trade 549300EX04Q2QBFQTQ27 Long US 20yr 6% US 2026-06-18 4782750 USD -157449.18 N N N CBOT 549300EX04Q2QBFQTQ27 000000000 18 NC USD 3734017.2 4.0897024272 N/A DIR CORP US N 1 Chicago Board of Trade 549300EX04Q2QBFQTQ27 Long US 2yr 6% TU 2026-06-30 3734017.2 USD -28751.98 N N N CBOT 549300EX04Q2QBFQTQ27 000000000 35 NC USD 3786289.5 4.1469539450 N/A DIR CORP US N 1 Chicago Board of Trade 549300EX04Q2QBFQTQ27 Long US 5yr 6% FV 2026-06-30 3786289.5 USD -57741.92 N N N 2026-04-30 Northern Funds Randal E. Rein Randal E. Rein Treasurer and Principal Financial Officer