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        <name>UNITED STATES TSY. 4.375%</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>UNITED STATES TSY. 4.375%</title>
        <cusip>91282CJN2</cusip>
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          <isin value="US91282CJN20"/>
          <ticker value="T"/>
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        <balance>350000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>354839.84</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>UNITED STATES TSY. 4.00%</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>UNITED STATES TSY. 4.00%</title>
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          <isin value="US91282CJW29"/>
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        <curCd>USD</curCd>
        <valUSD>251132.81</valUSD>
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        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-01-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4</annualizedRt>
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        <securityLending>
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        <lei>254900HROIFWPRGM1V77</lei>
        <title>UNITED STATES TSY. 4.00%</title>
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        <curCd>USD</curCd>
        <valUSD>451529.3</valUSD>
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        <fairValLevel>2</fairValLevel>
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        <securityLending>
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        <lei>254900HROIFWPRGM1V77</lei>
        <title>UNITED STATES TSY. 3.75%</title>
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        <identifiers>
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          <ticker value="T"/>
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        <curCd>USD</curCd>
        <valUSD>124829.1</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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        <securityLending>
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        <name>UNITED STATES TSY. 3.875%</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>UNITED STATES TSY. 3.875%</title>
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          <ticker value="T"/>
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        <curCd>USD</curCd>
        <valUSD>274699.22</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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        <lei>254900HROIFWPRGM1V77</lei>
        <title>UNITED STATES TSY. 3.75%</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <lei>254900HROIFWPRGM1V77</lei>
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        <curCd>USD</curCd>
        <valUSD>334541.99</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Northern Institutional Liquid Asset Portfolio</name>
        <lei>549300Y178DO5JBR1S04</lei>
        <title>Northern Institutional Liquid Asset Portfolio</title>
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        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <cashCollateralCondition cashCollateralVal="230906.250000000000" isCashCollateral="Y"/>
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    <signature>
      <ncom:dateSigned>2026-04-30</ncom:dateSigned>
      <ncom:nameOfApplicant>Northern Funds</ncom:nameOfApplicant>
      <ncom:signature>Randal E. Rein </ncom:signature>
      <ncom:signerName>Randal E. Rein </ncom:signerName>
      <ncom:title>Treasurer and Principal Financial Officer</ncom:title>
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  </formData>
</edgarSubmission>
