NORTHERN FDS

Ticker: MUNA CUSIP: 665162186 Class: FUND

Holders for Q4 2025 Position Changes for Q4 2025

Note: Option positions (PUT/CALL) are excluded.

New Positions (1)

NORTHERN TRUST CORP

Value ($000) $3,410 Shares 34,107

Institution	Shares	Value ($000)
NORTHERN TRUST CORP	34,107	$3,410

Increased Positions (1)

JANE STREET GROUP, LLC

Value ($000) $1,006 (+51.5%) Shares 10,062 (+51.9%)

Institution	Prev Shares	Curr Shares	Change
JANE STREET GROUP, LLC	6,623	10,062	+3,439 (+51.9%)

Exited Positions (5)

FLOW TRADERS U.S. LLC

Value ($000) $0 Shares 4,574

BANK OF AMERICA CORP /DE/

Value ($000) $1,002 Shares 10,000

JPMORGAN CHASE & CO

Value ($000) $1,002 Shares 10,000

Value ($000) $1,002 Shares 10,000

WELLS FARGO & COMPANY/MN

Value ($000) $842 Shares 8,400

Institution	Prev Shares	Prev Value ($000)
FLOW TRADERS U.S. LLC	4,574	$0
BANK OF AMERICA CORP /DE/	10,000	$1,002
JPMORGAN CHASE & CO	10,000	$1,002
MORGAN STANLEY	10,000	$1,002
WELLS FARGO & COMPANY/MN	8,400	$842