# EDGAR Filing Document

**Accession Number:** 0001981627
**File Stem:** 0001752724-25-205901
**Filing Date:** 2025-8
**Character Count:** 59101
**Document Hash:** a424028a931c00e2afa7870ece69f662
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-205901.hdr.sgml**: 20250826

**ACCESSION NUMBER**: 0001752724-25-205901

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250826

**DATE AS OF CHANGE**: 20250826

**PERIOD START**: 20250630

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** 2023 ETF Series Trust II
- **CENTRAL INDEX KEY:** 0001981627

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0630

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23895
- **FILM NUMBER:** 251257028

**BUSINESS ADDRESS:**
- **STREET 1:** THREE CANAL PLAZA
- **STREET 2:** SUITE 100
- **CITY:** PORTLAND
- **STATE:** ME
- **ZIP:** 04101
- **BUSINESS PHONE:** 212-309-6231

**MAIL ADDRESS:**
- **STREET 1:** THREE CANAL PLAZA
- **STREET 2:** SUITE 100
- **CITY:** PORTLAND
- **STATE:** ME
- **ZIP:** 04101

## Series and Classes Contracts Data

### GMO U.S. Value ETF (Series ID: S000088551)

| Class ID   | Class Name         | Ticker Symbol   |
|:---|:---|:---|
| C000254843 | GMO U.S. Value ETF | GMOV            |

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** 2023 ETF Series Trust II

- **b. Investment Company Act file number:** 811-23895

- **c. CIK number of Registrant:** 0001981627

- **d. LEI of Registrant:** 5299001GULBDPKO8HM33

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** Three Canal Plaza

  - **City:** Portland

  - **State:** ME

  - **Foreign country:** US

  - **Zip / Postal Code:** 04101

  - **Telephone number:** 614-416-9058

**Item A.2. Information about the Series.**

- **a. Name of Series:** GMO U.S. Value ETF

- **b. EDGAR series identifier (if any):** S000088551

- **c. LEI of Series:** 5299006M6A2ZCYGK7D89

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2025-06-30

- **b. Date as of which information is reported:** 2025-06-30

**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:** $52568243.09

**Total Liabilities:** $21179.29

**Net Assets:** $52547063.80

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000254843 | -4.09%               | 2.29%                | 4.93%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-595411.67              | $-1746030.12                               |
| Month 2  | $80690.52                | $906051.05                                 |
| Month 3  | $149173.68               | $2218050.46                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| FMC Corp                             | FMC Corp                                              | CUSIP: 302491303<br>LEI: CKDHZ2X64EEBQCSP7013 | Long             | EC               | CORP              | US        |      1051 | NS      | $43879.25     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Cisco Systems Inc                    | Cisco Systems Inc                                     | CUSIP: 17275R102<br>LEI: 549300LKFJ962MZ46593 | Long             | EC               | CORP              | US        |     21429 | NS      | $1486744.02   | 2.83%             |  |  |  | No            |                  1 | On Loan: No      |
| United Parcel Service Inc            | United Parcel Service Inc                             | CUSIP: 911312106<br>LEI: D01LMJZU09ULLNCY6Z23 | Long             | EC               | CORP              | US        |      5517 | NS      | $556885.98    | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Dollar General Corp                  | Dollar General Corp                                   | CUSIP: 256677105<br>LEI: OPX52SQVOZI8IVSWYU66 | Long             | EC               | CORP              | US        |       834 | NS      | $95392.92     | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| General Motors Co                    | General Motors Co                                     | CUSIP: 37045V100<br>LEI: 54930070NSV60J38I987 | Long             | EC               | CORP              | US        |      8820 | NS      | $434032.20    | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Meritage Homes Corp                  | Meritage Homes Corp                                   | CUSIP: 59001A102<br>LEI: 52990044W9UMFJO2FB97 | Long             | EC               | CORP              | US        |      1754 | NS      | $117465.38    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Mondelez International Inc           | Mondelez International Inc                            | CUSIP: 609207105<br>LEI: 549300DV9GIB88LZ5P30 | Long             | EC               | CORP              | US        |       542 | NS      | $36552.48     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| EnerSys                              | EnerSys                                               | CUSIP: 29275Y102<br>LEI: 7ZS3DE5PN30BYUJFWP05 | Long             | EC               | CORP              | US        |       401 | NS      | $34393.77     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Johnson & Johnson                    | Johnson & Johnson                                     | CUSIP: 478160104<br>LEI: 549300G0CFPGEF6X2043 | Long             | EC               | CORP              | US        |     10636 | NS      | $1624649.00   | 3.09%             |  |  |  | No            |                  1 | On Loan: No      |
| State Street Global Advisors         | State Street Institutional Treasury Money Market Fund | CUSIP: 857492870<br>LEI: 549300Q3FHSMZ70NLT76 | Long             | STIV             | RF                | US        |    649521 | NS      | $649521.41    | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Wells Fargo & Co                     | Wells Fargo & Co                                      | CUSIP: 949746101<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | EC               | CORP              | US        |      2856 | NS      | $228822.72    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| ManpowerGroup Inc                    | ManpowerGroup Inc                                     | CUSIP: 56418H100<br>LEI: ERO1WSFOSR0JJ6CRQ987 | Long             | EC               | CORP              | US        |       873 | NS      | $35269.20     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| General Mills Inc                    | General Mills Inc                                     | CUSIP: 370334104<br>LEI: 2TGYMUGI08PO8X8L6150 | Long             | EC               | CORP              | US        |      8460 | NS      | $438312.60    | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| DR Horton Inc                        | DR Horton Inc                                         | CUSIP: 23331A109<br>LEI: 529900ZIUEYVSB8QDD25 | Long             | EC               | CORP              | US        |      2199 | NS      | $283495.08    | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Cognizant Technology Solutions Corp  | Cognizant Technology Solutions Corp                   | CUSIP: 192446102<br>LEI: 5493006IEVQEFQO40L83 | Long             | EC               | CORP              | US        |      5851 | NS      | $456553.53    | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Western Union Co/The                 | Western Union Co/The                                  | CUSIP: 959802109<br>LEI: 28ID94QU1140NC23S047 | Long             | EC               | CORP              | US        |     24224 | NS      | $203966.08    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| eBay Inc                             | eBay Inc                                              | CUSIP: 278642103<br>LEI: OML71K8X303XQONU6T67 | Long             | EC               | CORP              | US        |      5845 | NS      | $435218.70    | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| EOG Resources Inc                    | EOG Resources Inc                                     | CUSIP: 26875P101<br>LEI: XWTZDRYZPBUHIQBKDB46 | Long             | EC               | CORP              | US        |      6444 | NS      | $770766.84    | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Arch Capital Group Ltd               | Arch Capital Group Ltd                                | CUSIP: 000000000<br>LEI: 549300AYR4P8AFKDCE43 | Long             | EC               | CORP              | BM        |      2923 | NS      | $266139.15    | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Owens Corning                        | Owens Corning                                         | CUSIP: 690742101<br>LEI: JO5M6676RDJIZ2U8X907 | Long             | EC               | CORP              | US        |       575 | NS      | $79074.00     | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| H&R Block Inc                        | H&R Block Inc                                         | CUSIP: 093671105<br>LEI: 549300CE3KUCWLZBG404 | Long             | EC               | CORP              | US        |      1628 | NS      | $89360.92     | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Snap-on Inc                          | Snap-on Inc                                           | CUSIP: 833034101<br>LEI: HHWAT5TDOYZMM26KKQ73 | Long             | EC               | CORP              | US        |       100 | NS      | $31118.00     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Citigroup Inc                        | Citigroup Inc                                         | CUSIP: 172967424<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | EC               | CORP              | US        |      9966 | NS      | $848305.92    | 1.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Polaris Inc                          | Polaris Inc                                           | CUSIP: 731068102<br>LEI: 549300QJSN8UVWN1EI78 | Long             | EC               | CORP              | US        |      2456 | NS      | $99836.40     | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Chubb Ltd                            | Chubb Ltd                                             | CUSIP: 000000000<br>LEI: E0JAN6VLUDI1HITHT809 | Long             | EC               | CORP              | CH        |       670 | NS      | $194112.40    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Affiliated Managers Group Inc        | Affiliated Managers Group Inc                         | CUSIP: 008252108<br>LEI: 2JE75BUE3T1BLCYYGK54 | Long             | EC               | CORP              | US        |      1032 | NS      | $203066.64    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Omnicom Group Inc                    | Omnicom Group Inc                                     | CUSIP: 681919106<br>LEI: HKUPACFHSSASQK8HLS17 | Long             | EC               | CORP              | US        |       542 | NS      | $38991.48     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| PNC Financial Services Group Inc/The | PNC Financial Services Group Inc/The                  | CUSIP: 693475105<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | EC               | CORP              | US        |      3651 | NS      | $680619.42    | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Bread Financial Holdings Inc         | Bread Financial Holdings Inc                          | CUSIP: 018581108<br>LEI: 549300G8S4PO686J7H97 | Long             | EC               | CORP              | US        |       563 | NS      | $32158.56     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Comcast Corp                         | Comcast Corp                                          | CUSIP: 20030N101<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | EC               | CORP              | US        |     32529 | NS      | $1160960.01   | 2.21%             |  |  |  | No            |                  1 | On Loan: No      |
| PPG Industries Inc                   | PPG Industries Inc                                    | CUSIP: 693506107<br>LEI: 549300BKPEP01R3V6C59 | Long             | EC               | CORP              | US        |       966 | NS      | $109882.50    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Invesco Ltd                          | Invesco Ltd                                           | CUSIP: 000000000<br>LEI: ECPGFXU8A2SHKVVGJI15 | Long             | EC               | CORP              | BM        |     14840 | NS      | $234026.80    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Fox Corp                             | Fox Corp                                              | CUSIP: 35137L105<br>LEI: 549300DDU6FDRBIELS05 | Long             | EC               | CORP              | US        |      1535 | NS      | $86021.40     | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Nucor Corp                           | Nucor Corp                                            | CUSIP: 670346105<br>LEI: 549300GGJCRSI2TIEJ46 | Long             | EC               | CORP              | US        |      1915 | NS      | $248069.10    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Lear Corp                            | Lear Corp                                             | CUSIP: 521865204<br>LEI: 549300UPNBTXA1SYTQ33 | Long             | EC               | CORP              | US        |      2733 | NS      | $259580.34    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Medtronic PLC                        | Medtronic PLC                                         | CUSIP: 000000000<br>LEI: 549300GX3ZBSQWUXY261 | Long             | EC               | CORP              | IE        |      2633 | NS      | $229518.61    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Truist Financial Corp                | Truist Financial Corp                                 | CUSIP: 89832Q109<br>LEI: 549300DRQQI75D2JP341 | Long             | EC               | CORP              | US        |      4435 | NS      | $190660.65    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Huntington Bancshares Inc/OH         | Huntington Bancshares Inc/OH                          | CUSIP: 446150104<br>LEI: 549300XTVCVV9I7B5T19 | Long             | EC               | CORP              | US        |      7119 | NS      | $119314.44    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| PepsiCo Inc                          | PepsiCo Inc                                           | CUSIP: 713448108<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | EC               | CORP              | US        |      2813 | NS      | $371428.52    | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| MGIC Investment Corp                 | MGIC Investment Corp                                  | CUSIP: 552848103<br>LEI: 254900S8483WM4M98R28 | Long             | EC               | CORP              | US        |     17558 | NS      | $488814.72    | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| PayPal Holdings Inc                  | PayPal Holdings Inc                                   | CUSIP: 70450Y103<br>LEI: 5493005X2GO78EFZ3E94 | Long             | EC               | CORP              | US        |      6448 | NS      | $479215.36    | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Centene Corp                         | Centene Corp                                          | CUSIP: 15135B101<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | EC               | CORP              | US        |      6991 | NS      | $379471.48    | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc                         | Alphabet Inc                                          | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |      3068 | NS      | $540673.64    | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Tri Pointe Homes Inc                 | Tri Pointe Homes Inc                                  | CUSIP: 87265H109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2145 | NS      | $68532.75     | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Lincoln National Corp                | Lincoln National Corp                                 | CUSIP: 534187109<br>LEI: EFQMQROEDSNBRIP7LE47 | Long             | EC               | CORP              | US        |      1264 | NS      | $43734.40     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Premier Inc                          | Premier Inc                                           | CUSIP: 74051N102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1945 | NS      | $42653.85     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Hewlett Packard Enterprise Co        | Hewlett Packard Enterprise Co                         | CUSIP: 42824C109<br>LEI: 549300BX44RGX6ANDV88 | Long             | EC               | CORP              | US        |     11185 | NS      | $228733.25    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Group 1 Automotive Inc               | Group 1 Automotive Inc                                | CUSIP: 398905109<br>LEI: 549300US8QAZJLWYAF63 | Long             | EC               | CORP              | US        |       461 | NS      | $201323.31    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Archer-Daniels-Midland Co            | Archer-Daniels-Midland Co                             | CUSIP: 039483102<br>LEI: 549300LO13MQ9HYSTR83 | Long             | EC               | CORP              | US        |      2393 | NS      | $126302.54    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Elevance Health Inc                  | Elevance Health Inc                                   | CUSIP: 036752103<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | EC               | CORP              | US        |      1504 | NS      | $584995.84    | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Lennar Corp                          | Lennar Corp                                           | CUSIP: 526057104<br>LEI: 529900G61XVRLX5TJX09 | Long             | EC               | CORP              | US        |      2434 | NS      | $269224.74    | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Lam Research Corp                    | Lam Research Corp                                     | CUSIP: 512807306<br>LEI: 549300I4GMO6D34U1T02 | Long             | EC               | CORP              | US        |      2164 | NS      | $210643.76    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Vontier Corp                         | Vontier Corp                                          | CUSIP: 928881101<br>LEI: 549300VVSQLG4P5K4639 | Long             | EC               | CORP              | US        |      1201 | NS      | $44316.90     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| CBRE Group Inc                       | CBRE Group Inc                                        | CUSIP: 12504L109<br>LEI: 52990016II9MJ2OSWA10 | Long             | EC               | CORP              | US        |       774 | NS      | $108452.88    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Raymond James Financial Inc          | Raymond James Financial Inc                           | CUSIP: 754730109<br>LEI: RGUZHJ05YTITL6D76949 | Long             | EC               | CORP              | US        |       539 | NS      | $82666.43     | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Toll Brothers Inc                    | Toll Brothers Inc                                     | CUSIP: 889478103<br>LEI: 529900JB6IS9MSZGVR44 | Long             | EC               | CORP              | US        |       482 | NS      | $55010.66     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| State Street Corp                    | State Street Corp                                     | CUSIP: 857477103<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | EC               | CORP              | US        |      3833 | NS      | $407601.22    | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| United Therapeutics Corp             | United Therapeutics Corp                              | CUSIP: 91307C102<br>LEI: 5299005C4HZL4UWROC14 | Long             | EC               | CORP              | US        |       102 | NS      | $29309.70     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Cummins Inc                          | Cummins Inc                                           | CUSIP: 231021106<br>LEI: ZUNI8PYC725B6H8JU438 | Long             | EC               | CORP              | US        |      1754 | NS      | $574435.00    | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Sealed Air Corp                      | Sealed Air Corp                                       | CUSIP: 81211K100<br>LEI: Q0M0CZB4YN6JZ65WXI09 | Long             | EC               | CORP              | US        |      3996 | NS      | $123995.88    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Tyson Foods Inc                      | Tyson Foods Inc                                       | CUSIP: 902494103<br>LEI: WD6L6041MNRW1JE49D58 | Long             | EC               | CORP              | US        |      1242 | NS      | $69477.48     | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Applied Materials Inc                | Applied Materials Inc                                 | CUSIP: 038222105<br>LEI: 41BNNE1AFPNAZELZ6K07 | Long             | EC               | CORP              | US        |      1789 | NS      | $327512.23    | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Aptiv PLC                            | Aptiv PLC                                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JE        |      1444 | NS      | $98509.68     | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Best Buy Co Inc                      | Best Buy Co Inc                                       | CUSIP: 086516101<br>LEI: HL5XPTVRV0O8TUN5LL90 | Long             | EC               | CORP              | US        |      2153 | NS      | $144530.89    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Chevron Corp                         | Chevron Corp                                          | CUSIP: 166764100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      9711 | NS      | $1390518.09   | 2.65%             |  |  |  | No            |                  1 | On Loan: No      |
| La-Z-Boy Inc                         | La-Z-Boy Inc                                          | CUSIP: 505336107<br>LEI: 549300WNO1WMN9ZG2519 | Long             | EC               | CORP              | US        |       896 | NS      | $33304.32     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc                         | Alphabet Inc                                          | CUSIP: 02079K107<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |      2412 | NS      | $427864.68    | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Cigna Group/The                      | Cigna Group/The                                       | CUSIP: 125523100<br>LEI: 549300VIWYMSIGT1U456 | Long             | EC               | CORP              | US        |      3087 | NS      | $1020500.46   | 1.94%             |  |  |  | No            |                  1 | On Loan: No      |
| M&T Bank Corp                        | M&T Bank Corp                                         | CUSIP: 55261F104<br>LEI: 549300WYXDDBYRASEG81 | Long             | EC               | CORP              | US        |      1521 | NS      | $295058.79    | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| CVS Health Corp                      | CVS Health Corp                                       | CUSIP: 126650100<br>LEI: 549300EJG376EN5NQE29 | Long             | EC               | CORP              | US        |     15486 | NS      | $1068224.28   | 2.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Target Corp                          | Target Corp                                           | CUSIP: 87612E106<br>LEI: 8WDDFXB5T1Z6J0XC1L66 | Long             | EC               | CORP              | US        |      5925 | NS      | $584501.25    | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Signet Jewelers Ltd                  | Signet Jewelers Ltd                                   | CUSIP: 000000000<br>LEI: 549300N3XPGE91WV7M22 | Long             | EC               | CORP              | BM        |      2326 | NS      | $185033.30    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| PACCAR Inc                           | PACCAR Inc                                            | CUSIP: 693718108<br>LEI: KDTEY8BWE486IKZ3CC07 | Long             | EC               | CORP              | US        |      3325 | NS      | $316074.50    | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Exxon Mobil Corp                     | Exxon Mobil Corp                                      | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |     16618 | NS      | $1791420.40   | 3.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Franklin Resources Inc               | Franklin Resources Inc                                | CUSIP: 354613101<br>LEI: RIFQSET379FOGTEFKS80 | Long             | EC               | CORP              | US        |      6832 | NS      | $162943.20    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| NewMarket Corp                       | NewMarket Corp                                        | CUSIP: 651587107<br>LEI: 54930082CG88ERDREQ47 | Long             | EC               | CORP              | US        |        62 | NS      | $42833.32     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Janus Henderson Group PLC            | Janus Henderson Group PLC                             | CUSIP: 000000000<br>LEI: 2138009WPYMWJN3RVF44 | Long             | EC               | CORP              | JE        |      3174 | NS      | $123278.16    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| AT&T Inc                             | AT&T Inc                                              | CUSIP: 00206R102<br>LEI: 549300Z40J86GGSTL398 | Long             | EC               | CORP              | US        |      9185 | NS      | $265813.90    | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Academy Sports & Outdoors Inc        | Academy Sports & Outdoors Inc                         | CUSIP: 00402L107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2987 | NS      | $133847.47    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of America Corp                 | Bank of America Corp                                  | CUSIP: 060505104<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EC               | CORP              | US        |     24003 | NS      | $1135821.96   | 2.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Unum Group                           | Unum Group                                            | CUSIP: 91529Y106<br>LEI: 549300E32YFDO6TZ8R31 | Long             | EC               | CORP              | US        |       718 | NS      | $57985.68     | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Bunge Global SA                      | Bunge Global SA                                       | CUSIP: 000000000<br>LEI: 254900IVXSV9K0B7PO26 | Long             | EC               | CORP              | CH        |      1117 | NS      | $89672.76     | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| US Bancorp                           | US Bancorp                                            | CUSIP: 902973304<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | EC               | CORP              | US        |     14844 | NS      | $671691.00    | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Crocs Inc                            | Crocs Inc                                             | CUSIP: 227046109<br>LEI: 549300B0J6YCXD63OG72 | Long             | EC               | CORP              | US        |      2760 | NS      | $279532.80    | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Radian Group Inc                     | Radian Group Inc                                      | CUSIP: 750236101<br>LEI: 54930005OUP720S5U385 | Long             | EC               | CORP              | US        |      9013 | NS      | $324648.26    | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| BorgWarner Inc                       | BorgWarner Inc                                        | CUSIP: 099724106<br>LEI: 549300DSFX2IE88NSX47 | Long             | EC               | CORP              | US        |     19518 | NS      | $653462.64    | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Blue Owl Capital Corp                | Blue Owl Capital Corp                                 | CUSIP: 69121K104<br>LEI: 2549000BD79OOCPF2L94 | Long             | EC               | CORP              | US        |      3117 | NS      | $44697.78     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| AutoNation Inc                       | AutoNation Inc                                        | CUSIP: 05329W102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1158 | NS      | $230036.70    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Organon & Co                         | Organon & Co                                          | CUSIP: 68622V106<br>LEI: 549300AMCKY57OK2CO56 | Long             | EC               | CORP              | US        |     19129 | NS      | $185168.72    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| FedEx Corp                           | FedEx Corp                                            | CUSIP: 31428X106<br>LEI: 549300E707U7WNPZN687 | Long             | EC               | CORP              | US        |      1316 | NS      | $299139.96    | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Synchrony Financial                  | Synchrony Financial                                   | CUSIP: 87165B103<br>LEI: 549300RS7EWPM9MA6C78 | Long             | EC               | CORP              | US        |      3014 | NS      | $201154.36    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Ford Motor Co                        | Ford Motor Co                                         | CUSIP: 345370860<br>LEI: 20S05OYHG0MQM4VUIC57 | Long             | EC               | CORP              | US        |     28991 | NS      | $314552.35    | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Match Group Inc                      | Match Group Inc                                       | CUSIP: 57667L107<br>LEI: 15OMOPB0A8K0EFUVD031 | Long             | EC               | CORP              | US        |      1882 | NS      | $58134.98     | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| GE HealthCare Technologies Inc       | GE HealthCare Technologies Inc                        | CUSIP: 36266G107<br>LEI: 549300OI9J7XOWZMUN85 | Long             | EC               | CORP              | US        |      3627 | NS      | $268651.89    | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| SLM Corp                             | SLM Corp                                              | CUSIP: 78442P106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      6401 | NS      | $209888.79    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Kinder Morgan Inc                    | Kinder Morgan Inc                                     | CUSIP: 49456B101<br>LEI: 549300WR7IX8XE0TBO16 | Long             | EC               | CORP              | US        |      1181 | NS      | $34721.40     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs Group Inc/The          | Goldman Sachs Group Inc/The                           | CUSIP: 38141G104<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | EC               | CORP              | US        |       986 | NS      | $697841.50    | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Macy's Inc                           | Macy's Inc                                            | CUSIP: 55616P104<br>LEI: 529900NZQ81TIOW3CW52 | Long             | EC               | CORP              | US        |      3165 | NS      | $36903.90     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| YETI Holdings Inc                    | YETI Holdings Inc                                     | CUSIP: 98585X104<br>LEI: 549300DSQICIGNT5GO63 | Long             | EC               | CORP              | US        |      1611 | NS      | $50778.72     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| MetLife Inc                          | MetLife Inc                                           | CUSIP: 59156R108<br>LEI: C4BXATY60WC6XEOZDX54 | Long             | EC               | CORP              | US        |       693 | NS      | $55731.06     | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Aflac Inc                            | Aflac Inc                                             | CUSIP: 001055102<br>LEI: 549300N0B7DOGLXWPP39 | Long             | EC               | CORP              | US        |      2596 | NS      | $273774.16    | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Taylor Morrison Home Corp            | Taylor Morrison Home Corp                             | CUSIP: 87724P106<br>LEI: 5299009UDLLGLKOOJE30 | Long             | EC               | CORP              | US        |       577 | NS      | $35439.34     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Meta Platforms Inc                   | Meta Platforms Inc                                    | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |      2274 | NS      | $1678416.66   | 3.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Pfizer Inc                           | Pfizer Inc                                            | CUSIP: 717081103<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | EC               | CORP              | US        |     49546 | NS      | $1200995.04   | 2.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Perdoceo Education Corp              | Perdoceo Education Corp                               | CUSIP: 71363P106<br>LEI: 529900X5PCA184O9LY90 | Long             | EC               | CORP              | US        |      2316 | NS      | $75710.04     | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Avnet Inc                            | Avnet Inc                                             | CUSIP: 053807103<br>LEI: XJI53DCPL7QABOWK4Z75 | Long             | EC               | CORP              | US        |      6413 | NS      | $340402.04    | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Verizon Communications Inc           | Verizon Communications Inc                            | CUSIP: 92343V104<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | EC               | CORP              | US        |     29061 | NS      | $1257469.47   | 2.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Bath & Body Works Inc                | Bath & Body Works Inc                                 | CUSIP: 070830104<br>LEI: GR3KVMWVCR54YWQNXU90 | Long             | EC               | CORP              | US        |      1763 | NS      | $52819.48     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| UFP Industries Inc                   | UFP Industries Inc                                    | CUSIP: 90278Q108<br>LEI: 5493007KB485C9OV5572 | Long             | EC               | CORP              | US        |       490 | NS      | $48686.40     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Fox Corp                             | Fox Corp                                              | CUSIP: 35137L204<br>LEI: 549300DDU6FDRBIELS05 | Long             | EC               | CORP              | US        |      4302 | NS      | $222112.26    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Allstate Corp/The                    | Allstate Corp/The                                     | CUSIP: 020002101<br>LEI: OBT0W1ED8G0NWVOLOJ77 | Long             | EC               | CORP              | US        |       794 | NS      | $159840.14    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Mueller Industries Inc               | Mueller Industries Inc                                | CUSIP: 624756102<br>LEI: 5493005IZFE4VJLLYG84 | Long             | EC               | CORP              | US        |       937 | NS      | $74463.39     | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Federated Hermes Inc                 | Federated Hermes Inc                                  | CUSIP: 314211103<br>LEI: R05X5UQ874RGFF7HHD84 | Long             | EC               | CORP              | US        |      2014 | NS      | $89260.48     | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Carrier Global Corp                  | Carrier Global Corp                                   | CUSIP: 14448C104<br>LEI: 549300JE3W6CWY2NAN77 | Long             | EC               | CORP              | US        |      1016 | NS      | $74361.04     | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Devon Energy Corp                    | Devon Energy Corp                                     | CUSIP: 25179M103<br>LEI: 54930042348RKR3ZPN35 | Long             | EC               | CORP              | US        |       853 | NS      | $27133.93     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| LyondellBasell Industries NV         | LyondellBasell Industries NV                          | CUSIP: 000000000<br>LEI: BN6WCCZ8OVP3ITUUVN49 | Long             | EC               | CORP              | NL        |      1220 | NS      | $70589.20     | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Skyworks Solutions Inc               | Skyworks Solutions Inc                                | CUSIP: 83088M102<br>LEI: 549300WZ3ORQ2BVKBD96 | Long             | EC               | CORP              | US        |       363 | NS      | $27050.76     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| VICI Properties Inc                  | VICI Properties Inc                                   | CUSIP: 925652109<br>LEI: 254900RKH6RY9KCJQH63 | Long             | EC               |  | US        |     32493 | NS      | $1059271.80   | 2.02%             |  |  |  | No            |                  1 | On Loan: No      |
| LKQ Corp                             | LKQ Corp                                              | CUSIP: 501889208<br>LEI: DS830JTTZQN6GK0I2E41 | Long             | EC               | CORP              | US        |      1227 | NS      | $45411.27     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| TE Connectivity PLC                  | TE Connectivity PLC                                   | CUSIP: 000000000<br>LEI: 6367003TB6K484NFHE54 | Long             | EC               | CORP              | IE        |       166 | NS      | $27999.22     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Concentrix Corp                      | Concentrix Corp                                       | CUSIP: 20602D101<br>LEI: 5493000EAJN1KMPVA737 | Long             | EC               | CORP              | US        |      1449 | NS      | $76586.90     | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Zoom Communications Inc              | Zoom Communications Inc                               | CUSIP: 98980L101<br>LEI: 549300T9GCHU0ODOM055 | Long             | EC               | CORP              | US        |      2419 | NS      | $188633.62    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| PulteGroup Inc                       | PulteGroup Inc                                        | CUSIP: 745867101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1461 | NS      | $154077.06    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of New York Mellon Corp/The     | Bank of New York Mellon Corp/The                      | CUSIP: 064058100<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | EC               | CORP              | US        |      3509 | NS      | $319704.99    | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                       | Morgan Stanley                                        | CUSIP: 617446448<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EC               | CORP              | US        |      3000 | NS      | $422580.00    | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Caterpillar Inc                      | Caterpillar Inc                                       | CUSIP: 149123101<br>LEI: WRJR7GS4GTRECRRTVX92 | Long             | EC               | CORP              | US        |       729 | NS      | $283005.09    | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| QUALCOMM Inc                         | QUALCOMM Inc                                          | CUSIP: 747525103<br>LEI: H1J8DDZKZP6H7RWC0H53 | Long             | EC               | CORP              | US        |      8087 | NS      | $1287935.62   | 2.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Northrop Grumman Corp                | Northrop Grumman Corp                                 | CUSIP: 666807102<br>LEI: RIMU48P07456QXSO0R61 | Long             | EC               | CORP              | US        |       394 | NS      | $196992.12    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Hartford Insurance Group Inc/The     | Hartford Insurance Group Inc/The                      | CUSIP: 416515104<br>LEI: IU7C3FTM7Y3BQM112U94 | Long             | EC               | CORP              | US        |      2841 | NS      | $360437.67    | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Electronic Arts Inc                  | Electronic Arts Inc                                   | CUSIP: 285512109<br>LEI: 549300O7A67PUEYKDL45 | Long             | EC               | CORP              | US        |       590 | NS      | $94223.00     | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Regions Financial Corp               | Regions Financial Corp                                | CUSIP: 7591EP100<br>LEI: CW05CS5KW59QTC0DG824 | Long             | EC               | CORP              | US        |      4988 | NS      | $117317.76    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Humana Inc                           | Humana Inc                                            | CUSIP: 444859102<br>LEI: 529900YLDW34GJAO4J06 | Long             | EC               | CORP              | US        |      1170 | NS      | $286041.60    | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| PVH Corp                             | PVH Corp                                              | CUSIP: 693656100<br>LEI: 123WALMHY1GZXG2YDL90 | Long             | EC               | CORP              | US        |      1841 | NS      | $126292.60    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Kroger Co/The                        | Kroger Co/The                                         | CUSIP: 501044101<br>LEI: 6CPEOKI6OYJ13Q6O7870 | Long             | EC               | CORP              | US        |      4963 | NS      | $355995.99    | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Commercial Metals Co                 | Commercial Metals Co                                  | CUSIP: 201723103<br>LEI: 549300OQS2LO07ZJ7N73 | Long             | EC               | CORP              | US        |      1705 | NS      | $83391.55     | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Ovintiv Inc                          | Ovintiv Inc                                           | CUSIP: 69047Q102<br>LEI: 2549003MEX7YMKLGI239 | Long             | EC               | CORP              | US        |      1243 | NS      | $47296.15     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Regeneron Pharmaceuticals Inc        | Regeneron Pharmaceuticals Inc                         | CUSIP: 75886F107<br>LEI: 549300RCBFWIRX3HYQ56 | Long             | EC               | CORP              | US        |      1492 | NS      | $783300.00    | 1.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Enova International Inc              | Enova International Inc                               | CUSIP: 29357K103<br>LEI: 549300O8XOCQSB49UO63 | Long             | EC               | CORP              | US        |      1077 | NS      | $120107.04    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Kimberly-Clark Corp                  | Kimberly-Clark Corp                                   | CUSIP: 494368103<br>LEI: MP3J6QPYPGN75NVW2S34 | Long             | EC               | CORP              | US        |       877 | NS      | $113062.84    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Kraft Heinz Co/The                   | Kraft Heinz Co/The                                    | CUSIP: 500754106<br>LEI: 9845007488EC87F5AF14 | Long             | EC               | CORP              | US        |      9156 | NS      | $236407.92    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Delta Air Lines Inc                  | Delta Air Lines Inc                                   | CUSIP: 247361702<br>LEI: Q2CCMS6R0AS67HJMBN42 | Long             | EC               | CORP              | US        |      1680 | NS      | $82622.40     | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| T Rowe Price Group Inc               | T Rowe Price Group Inc                                | CUSIP: 74144T108<br>LEI: 549300SIV6FPS9Y7IH33 | Long             | EC               | CORP              | US        |      1858 | NS      | $179297.00    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Keurig Dr Pepper Inc                 | Keurig Dr Pepper Inc                                  | CUSIP: 49271V100<br>LEI: DYTQ8KRTKO7Y2BVU5K74 | Long             | EC               | CORP              | US        |      1336 | NS      | $44168.16     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Merck & Co Inc                       | Merck & Co Inc                                        | CUSIP: 58933Y105<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | EC               | CORP              | US        |     14686 | NS      | $1162543.76   | 2.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Sixth Street Specialty Lending Inc   | Sixth Street Specialty Lending Inc                    | CUSIP: 83012A109<br>LEI: 549300TX61566GJWCN05 | Long             | EC               | CORP              | US        |      2345 | NS      | $55834.45     | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Steven Madden Ltd                    | Steven Madden Ltd                                     | CUSIP: 556269108<br>LEI: 549300Z9GZ7GYJWSGF43 | Long             | EC               | CORP              | US        |      1362 | NS      | $32660.76     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Oshkosh Corp                         | Oshkosh Corp                                          | CUSIP: 688239201<br>LEI: 549300FEKNPCFSA2B506 | Long             | EC               | CORP              | US        |      2707 | NS      | $307352.78    | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Whirlpool Corp                       | Whirlpool Corp                                        | CUSIP: 963320106<br>LEI: WHENKOULSSK7WUM60H03 | Long             | EC               | CORP              | US        |       979 | NS      | $99290.18     | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase & Co                  | JPMorgan Chase & Co                                   | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |      5838 | NS      | $1692494.58   | 3.22%             |  |  |  | No            |                  1 | On Loan: No      |
| HP Inc                               | HP Inc                                                | CUSIP: 40434L105<br>LEI: WHKXQACZ14C5XRO8LW03 | Long             | EC               | CORP              | US        |     12487 | NS      | $305432.02    | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Atkore Inc                           | Atkore Inc                                            | CUSIP: 047649108<br>LEI: 52990002TI38AM4RPV48 | Long             | EC               | CORP              | US        |       607 | NS      | $42823.85     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| M/I Homes Inc                        | M/I Homes Inc                                         | CUSIP: 55305B101<br>LEI: 5299005M71FH9CCSFB69 | Long             | EC               | CORP              | US        |       246 | NS      | $27581.52     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Mohawk Industries Inc                | Mohawk Industries Inc                                 | CUSIP: 608190104<br>LEI: 549300JI1115MG3Q6322 | Long             | EC               | CORP              | US        |       321 | NS      | $33653.64     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Old Republic International Corp      | Old Republic International Corp                       | CUSIP: 680223104<br>LEI: 549300IV6O2YY2A1KH37 | Long             | EC               | CORP              | US        |      1121 | NS      | $43091.24     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Bristol-Myers Squibb Co              | Bristol-Myers Squibb Co                               | CUSIP: 110122108<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | EC               | CORP              | US        |     15454 | NS      | $715365.66    | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| KB Home                              | KB Home                                               | CUSIP: 48666K109<br>LEI: 549300LGUCWQURMWLG09 | Long             | EC               | CORP              | US        |      3455 | NS      | $183011.35    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Genpact Ltd                          | Genpact Ltd                                           | CUSIP: 000000000<br>LEI: 529900OSEC6Q0L4L5B35 | Long             | EC               | CORP              | BM        |      1335 | NS      | $58753.35     | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| American Express Co                  | American Express Co                                   | CUSIP: 025816109<br>LEI: R4PP93JZOLY261QX3811 | Long             | EC               | CORP              | US        |      1896 | NS      | $604786.08    | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| CH Robinson Worldwide Inc            | CH Robinson Worldwide Inc                             | CUSIP: 12541W209<br>LEI: 529900WNWN5L0OVDHA79 | Long             | EC               | CORP              | US        |       770 | NS      | $73881.50     | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Capital One Financial Corp           | Capital One Financial Corp                            | CUSIP: 14040H105<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | EC               | CORP              | US        |      3027 | NS      | $644024.52    | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Arrow Electronics Inc                | Arrow Electronics Inc                                 | CUSIP: 042735100<br>LEI: 549300YNNLBXT8N8R512 | Long             | EC               | CORP              | US        |      2010 | NS      | $256134.30    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Gilead Sciences Inc                  | Gilead Sciences Inc                                   | CUSIP: 375558103<br>LEI: 549300WTZWR07K8MNV44 | Long             | EC               | CORP              | US        |       446 | NS      | $49448.02     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Timken Co/The                        | Timken Co/The                                         | CUSIP: 887389104<br>LEI: B0I35MLPFXZSE70ASS73 | Long             | EC               | CORP              | US        |       556 | NS      | $40337.80     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| ConocoPhillips                       | ConocoPhillips                                        | CUSIP: 20825C104<br>LEI: WPTL2Z3FIYTHSP5V2253 | Long             | EC               | CORP              | US        |      3328 | NS      | $298654.72    | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-07-30

**Name of Applicant:** 2023 ETF Series Trust II

**Signature:** Betty Maganzini

**Name of Signer:** Betty Maganzini

**Title:** Treasurer