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MT 2.50% 549300M8ZYFG0OCMTT87 38380FMH6 51318.74 PA USD 47905.13 0.1843031863 Long ABS-O USGA US N 2 2046-08-20 Fixed 2.5 N N N N N N FREDDIE MAC POOL 5.50% S6XOOCT0IEG5ABCC6L87 3132DPTC2 61050.92 PA USD 62352.69 0.2398866142 Long ABS-MBS USGSE US N 2 2053-02-01 Fixed 5.5 N N N N N N FANNIE MAE POOL 6.50% B1V7KEBTPIMZEU4LTD58 3140XMTJ5 42007.27 PA USD 44121.79 0.1697477176 Long ABS-MBS USGSE US N 2 2053-10-01 Fixed 6.5 N N N N N N FANNIE MAE POOL 6.00% B1V7KEBTPIMZEU4LTD58 3140QTKX6 60627.27 PA USD 62210.16 0.2393382651 Long ABS-MBS USGSE US N 2 2053-11-01 Fixed 6 N N N N N N UNITED STATES TSY. 3.625% 254900HROIFWPRGM1V77 91282CPD7 65000 PA USD 64159.57 0.2468381399 Long DBT UST US N 2 2030-10-31 Fixed 3.625 N N N N N N UNITED STATES TSY. 4.00% 254900HROIFWPRGM1V77 91282CPJ4 160000 PA USD 156075 0.6004601135 Long DBT UST US N 2 2035-11-15 Fixed 4 N N N N N N FANNIE MAE POOL 5.00% B1V7KEBTPIMZEU4LTD58 3140XM2J4 50752.52 PA USD 51289.34 0.1973231005 Long ABS-MBS USGSE US N 2 2047-12-01 Fixed 5 N N N N N N UNITED STATES TSY. 3.625% 254900HROIFWPRGM1V77 91282CNU1 500000 PA USD 497871.1 1.9154364068 Long DBT UST US N 2 2028-08-15 Fixed 3.625 N N N N N N UNITED STATES TSY. 4.75% 254900HROIFWPRGM1V77 912810UM8 120000 PA USD 116943.75 0.4499122691 Long DBT UST US N 2 2055-08-15 Fixed 4.75 N N N N N N UNITED STATES TSY. 3.75% 254900HROIFWPRGM1V77 91282CPF2 150000 PA USD 146876.95 0.5650728820 Long DBT UST US N 2 2032-10-31 Fixed 3.75 N N N N N N UNITED STATES TSY. 3.625% 254900HROIFWPRGM1V77 91282CPR6 100000 PA USD 98640.63 0.3794955238 Long DBT UST US N 2 2030-12-31 Fixed 3.625 N N N N N N UNITED STATES TSY. 4.00% 254900HROIFWPRGM1V77 91282CPY1 70000 PA USD 69464.06 0.2672458584 Long DBT UST US N 2 2033-01-31 Fixed 4 N N N N N N UNITED STATES TSY. 4.125% 254900HROIFWPRGM1V77 91282CPZ8 35000 PA USD 34453.13 0.1325499302 Long DBT UST US N 2 2036-02-15 Fixed 4.125 N N N N N N UNITED STATES TSY. 3.75% 254900HROIFWPRGM1V77 91282CNL1 275000 PA USD 274785.16 1.0571682098 Long DBT UST US N 2 2027-06-30 Fixed 3.75 N N N N N N UNITED STATES TSY. 4.00% 254900HROIFWPRGM1V77 91282CNR8 135000 PA USD 134319.73 0.5167620715 Long DBT UST US N 2 2032-07-31 Fixed 4 N N N N N N UNITED STATES TSY. 3.875% 254900HROIFWPRGM1V77 91282CNZ0 65000 PA USD 64151.95 0.2468088238 Long DBT UST US N 2 2032-09-30 Fixed 3.875 N N N N N N FANNIE MAE POOL 7.50% B1V7KEBTPIMZEU4LTD58 31385XH26 3775.5 PA USD 3837.76 0.0147648362 Long ABS-MBS USGSE US N 2 2032-10-01 Fixed 7.5 N N N N N N FANNIE MAE POOL 3.50% B1V7KEBTPIMZEU4LTD58 3140GYJX8 94680.72 PA USD 88180.92 0.3392543663 Long ABS-MBS USGSE US N 2 2048-02-01 Fixed 3.5 N N N N N N FANNIE MAE POOL 6.00% B1V7KEBTPIMZEU4LTD58 3140A0AX7 56207.55 PA USD 57788.39 0.2223265944 Long ABS-MBS USGSE US N 2 2053-09-01 Fixed 6 N N N N N N UNITED STATES TSY. 4.25% 254900HROIFWPRGM1V77 91282CNT4 160000 PA USD 159400 0.6132522318 Long DBT UST US N 2 2035-08-15 Fixed 4.25 N N N N N N UNITED STATES TSY. 3.375% 254900HROIFWPRGM1V77 91282CNY3 225000 PA USD 222679.69 0.8567052502 Long DBT UST US N 2 2028-09-15 Fixed 3.375 N N N N N N UNITED STATES TSY. 4.625% 254900HROIFWPRGM1V77 912810UQ9 40000 PA USD 38581.25 0.1484318549 Long DBT UST US N 2 2045-11-15 Fixed 4.625 N N N N N N UNITED STATES TSY. 3.875% 254900HROIFWPRGM1V77 91282CNW7 175000 PA USD 172805.66 0.6648272062 Long DBT UST US N 2 2032-08-31 Fixed 3.875 N N N N N N UNITED STATES TSY. 4.625% 254900HROIFWPRGM1V77 912810UP1 120000 PA USD 114656.25 0.4411116763 Long DBT UST US N 2 2055-11-15 Fixed 4.625 N N N N N N UNITED STATES TSY. 3.50% 254900HROIFWPRGM1V77 91282CPT2 300000 PA USD 297445.31 1.1443475546 Long DBT UST US N 2 2029-01-15 Fixed 3.5 N N N N N N FREDDIE MAC POOL 2.00% S6XOOCT0IEG5ABCC6L87 3132A8SY6 762.86 PA USD 726.45 0.0027948374 Long ABS-MBS USGSE US N 2 2032-01-01 Fixed 2 N N N N N N UNITED STATES TSY. 3.75% 254900HROIFWPRGM1V77 91282CPW5 70000 PA USD 69403.91 0.2670144461 Long DBT UST US N 2 2031-01-31 Fixed 3.75 N N N N N N UNITED STATES TSY. 3.50% 254900HROIFWPRGM1V77 91282CPN5 160000 PA USD 157056.25 0.6042352311 Long DBT UST US N 2 2030-11-30 Fixed 3.5 N N N N N N FANNIE MAE POOL 6.00% B1V7KEBTPIMZEU4LTD58 3140XLFK9 52733.58 PA USD 54602.04 0.2100678977 Long ABS-MBS USGSE US N 2 2053-03-01 Fixed 6 N N N N N N UNITED STATES TSY. 3.875% 254900HROIFWPRGM1V77 91282CNK3 225000 PA USD 224657.23 0.8643133482 Long DBT UST US N 2 2030-06-30 Fixed 3.875 N N N N N N FANNIE MAE POOL 4.50% B1V7KEBTPIMZEU4LTD58 3140XJMM2 143613.53 PA USD 139783.99 0.5377844658 Long ABS-MBS USGSE US N 2 2052-10-01 Fixed 4.5 N N N N N N UNITED STATES TSY. 4.00% 254900HROIFWPRGM1V77 91282CNJ6 125000 PA USD 124428.71 0.4787088087 Long DBT UST US N 2 2032-06-30 Fixed 4 N N N N N N FREDDIE MAC GOLD PO 3.50% S6XOOCT0IEG5ABCC6L87 3132J4HC6 14134.24 PA USD 13729.86 0.0528222540 Long ABS-MBS USGSE US N 2 2036-04-01 Fixed 3.5 N N N N N N UNITED STATES TSY. 3.50% 254900HROIFWPRGM1V77 91282CPP0 430000 PA USD 426439.06 1.6406192302 Long DBT UST US N 2 2028-12-15 Fixed 3.5 N N N N N N UNITED STATES TSY. 3.375% 254900HROIFWPRGM1V77 91282CPL9 175000 PA USD 173708.01 0.6682987755 Long DBT UST US N 2 2027-11-30 Fixed 3.375 N N N N N N FREDDIE MAC POOL 6.00% S6XOOCT0IEG5ABCC6L87 3132E0G22 82123.06 PA USD 83804.33 0.3224165145 Long ABS-MBS USGSE US N 2 2053-09-01 Fixed 6 N N N N N N UNITED STATES TSY. 3.875% 254900HROIFWPRGM1V77 91282CNH0 400000 PA USD 400531.25 1.5409453136 Long DBT UST US N 2 2028-06-15 Fixed 3.875 N N N N N N UNITED STATES TSY. 3.875% 254900HROIFWPRGM1V77 91282CPQ8 90000 PA USD 88695.7 0.3412348556 Long DBT UST US N 2 2032-12-31 Fixed 3.875 N N N N N N 2026-04-30 Northern Funds Randal E. Rein Randal E. Rein Treasurer and Principal Financial Officer