# EDGAR Filing Document

**Accession Number:** 0001452937
**File Stem:** 0002048251-25-001295
**Filing Date:** 2025-10
**Character Count:** 120474
**Document Hash:** 041f6d991492eb4fc70b6c477ee2a7b3
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002048251-25-001295.hdr.sgml**: 20251029

**ACCESSION NUMBER**: 0002048251-25-001295

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250831

**FILED AS OF DATE**: 20251029

**DATE AS OF CHANGE**: 20251029

**PERIOD START**: 20251130

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** EXCHANGE TRADED CONCEPTS TRUST
- **CENTRAL INDEX KEY:** 0001452937

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0731

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22263
- **FILM NUMBER:** 251429404

**BUSINESS ADDRESS:**
- **STREET 1:** 10900 HEFNER POINTE DRIVE
- **STREET 2:** SUITE 400
- **CITY:** OKLAHOMA CITY
- **STATE:** OK
- **ZIP:** 73120
- **BUSINESS PHONE:** 405-778-8377

**MAIL ADDRESS:**
- **STREET 1:** 10900 HEFNER POINTE DRIVE
- **STREET 2:** SUITE 400
- **CITY:** OKLAHOMA CITY
- **STATE:** OK
- **ZIP:** 73120

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FAITHSHARES TRUST
- **DATE OF NAME CHANGE:** 20090717

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FAITHSHARES INC
- **DATE OF NAME CHANGE:** 20090225

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** VERITAS FUNDS INC
- **DATE OF NAME CHANGE:** 20081230

## Series and Classes Contracts Data

### ETC 6 Meridian Low Beta Equity Strategy ETF (Series ID: S000068543)

| Class ID   | Class Name                                  | Ticker Symbol   |
|:---|:---|:---|
| C000219253 | ETC 6 Meridian Low Beta Equity Strategy ETF | SIXL            |

## Nport-Ex

**ETC 6 Meridian**

**Hedged Equity-Index Option Strategy ETF**

Schedule of Investments

August 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| Description | Shares | Fair Value |
| **COMMON STOCK — 96.5%** |  |  |
| **Communication Services — 16.8%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Alphabet, Cl A<sup>(A)</sup> | 32704 | $6963009 |
| &nbsp;&nbsp;&nbsp;&nbsp;AT&T<sup>(A)</sup> | 891496 | 26111918 |
| &nbsp;&nbsp;&nbsp;&nbsp;Comcast, Cl A | 380434 | 12923343 |
| &nbsp;&nbsp;&nbsp;&nbsp;Meta Platforms, Cl A<sup>(A)</sup> | 16494 | 12184118 |
| &nbsp;&nbsp;&nbsp;&nbsp;Netflix\* | 5337 | 6448430 |
| &nbsp;&nbsp;&nbsp;&nbsp;Verizon Communications<sup>(A)</sup> | 432784 | 19142036 |
|  |  | 83772854 |
| **Consumer Discretionary — 6.6%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Amazon.com<sup>(A)</sup>\* | 28801 | 6595429 |
| &nbsp;&nbsp;&nbsp;&nbsp;Booking Holdings | 1148 | 6427709 |
| &nbsp;&nbsp;&nbsp;&nbsp;General Motors | 117776 | 6900496 |
| &nbsp;&nbsp;&nbsp;&nbsp;McDonald's | 20422 | 6403114 |
| &nbsp;&nbsp;&nbsp;&nbsp;Nike, Cl B | 82905 | 6414360 |
|  |  | 32741108 |
| **Consumer Staples — 19.1%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Altria Group<sup>(A)</sup> | 400639 | 26926947 |
| &nbsp;&nbsp;&nbsp;&nbsp;Coca-Cola<sup>(A)</sup> | 89829 | 6197303 |
| &nbsp;&nbsp;&nbsp;&nbsp;Colgate-Palmolive<sup>(A)</sup> | 148199 | 12459090 |
| &nbsp;&nbsp;&nbsp;&nbsp;Costco Wholesale<sup>(A)</sup> | 6492 | 6124033 |
| &nbsp;&nbsp;&nbsp;&nbsp;Mondelez International, Cl A | 96754 | 5944566 |
| &nbsp;&nbsp;&nbsp;&nbsp;Philip Morris International<sup>(A)</sup> | 113892 | 19034770 |
| &nbsp;&nbsp;&nbsp;&nbsp;Procter & Gamble | 41059 | 6447905 |
| &nbsp;&nbsp;&nbsp;&nbsp;Walmart<sup>(A)</sup> | 125650 | 12185537 |
|  |  | 95320151 |
| **Energy — 5.2%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;ConocoPhillips | 133374 | 13200025 |
| &nbsp;&nbsp;&nbsp;&nbsp;Exxon Mobil<sup>(A)</sup> | 112889 | 12902084 |
|  |  | 26102109 |
| **Financials — 10.6%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;American International Group | 80363 | 6535119 |
| &nbsp;&nbsp;&nbsp;&nbsp;Bank of New York Mellon | 61983 | 6545405 |
| &nbsp;&nbsp;&nbsp;&nbsp;Berkshire Hathaway, Cl B\* | 13084 | 6580991 |
| &nbsp;&nbsp;&nbsp;&nbsp;Charles Schwab | 64742 | 6204873 |
| &nbsp;&nbsp;&nbsp;&nbsp;JPMorgan Chase | 21527 | 6488668 |
| &nbsp;&nbsp;&nbsp;&nbsp;PayPal Holdings<sup>(A)</sup>\* | 92169 | 6469342 |
| &nbsp;&nbsp;&nbsp;&nbsp;US Bancorp | 281718 | 13756290 |
|  |  | 52580688 |
| **Health Care — 12.9%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Abbott Laboratories | 48588 | 6445684 |
| &nbsp;&nbsp;&nbsp;&nbsp;AbbVie<sup>(A)</sup> | 31684 | 6666314 |
| &nbsp;&nbsp;&nbsp;&nbsp;Amgen | 20835 | 5994438 |
| &nbsp;&nbsp;&nbsp;&nbsp;Bristol-Myers Squibb<sup>(A)</sup> | 279775 | 13199784 |
| &nbsp;&nbsp;&nbsp;&nbsp;Eli Lilly | 8110 | 5941224 |
| &nbsp;&nbsp;&nbsp;&nbsp;Gilead Sciences<sup>(A)</sup> | 54651 | 6173923 |
| &nbsp;&nbsp;&nbsp;&nbsp;Johnson & Johnson<sup>(A)</sup> | 36968 | 6549621 |
| &nbsp;&nbsp;&nbsp;&nbsp;Pfizer | 527128 | 13051689 |
|  |  | 64022677 |
| **Industrials — 3.8%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Deere | 12346 | 5909290 |
| &nbsp;&nbsp;&nbsp;&nbsp;General Electric | 22968 | 6320793 |
| &nbsp;&nbsp;&nbsp;&nbsp;Lockheed Martin | 14687 | 6691838 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;18921921 |

---

---

| | | |
|:---|:---|:---|
| Description | Shares | Fair Value |
| **Information Technology — 14.0%** |  |  |
| &nbsp;&nbsp;&nbsp;Accenture PLC, Cl A | 24220 | $6296474 |
| &nbsp;&nbsp;&nbsp;&nbsp;Apple<sup>(A)</sup> | 30564 | 7095127 |
| &nbsp;&nbsp;&nbsp;Cisco Systems | 92169 | 6367956 |
| &nbsp;&nbsp;&nbsp;International Business Machines | 24744 | 6024917 |
| &nbsp;&nbsp;&nbsp;Intuit | 7967 | 5313989 |
| &nbsp;&nbsp;&nbsp;&nbsp;NVIDIA<sup>(A)</sup> | 35606 | 6201853 |
| &nbsp;&nbsp;&nbsp;Palantir Technologies, Cl A\* | 80195 | 12567358 |
| &nbsp;&nbsp;&nbsp;Qualcomm | 83484 | 13418383 |
| &nbsp;&nbsp;&nbsp;ServiceNow\* | 6765 | 6206617 |
|  |  | 69492674 |
| **Real Estate — 3.8%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;American Tower, Cl A<sup>‡</sup> | 58330 | 11890570 |
| &nbsp;&nbsp;&nbsp;&nbsp;Simon Property Group<sup>‡(A)</sup> | 38494 | 6954326 |
|  |  | 18844896 |
| **Utilities — 3.7%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Duke Energy<sup>(A)</sup> | 100639 | 12327271 |
| &nbsp;&nbsp;&nbsp;&nbsp;Southern<sup>(A)</sup> | 65124 | 6010945 |
|  |  | 18338216 |
| Total Common Stock |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $446,157,415) |  | 480137294 |
| **EXCHANGE-TRADED FUND — 4.0%** |  |  |
| **Domestic Fixed Income — 4.0%** |  |  |
| &nbsp;&nbsp;&nbsp;SPDR Bloomberg 1-3 Month T-<br> Bill ETF | 216952 | 19909685 |
| Total Exchange-Traded Fund<br> (Cost $19,842,555) |  | 19909685 |
| **SHORT-TERM INVESTMENT — 0.5%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Invesco Government & Agency<br> Portfolio, Institutional Class,<br> 4.21%<sup>(B)</sup> | 2528544 | 2528544 |
| Total Short-Term Investment |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $2,528,544) |  | 2528544 |
| Total Investments - 101.0% |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $468,528,514) |  | $&nbsp;&nbsp;&nbsp;&nbsp;502575523 |
| **WRITTEN OPTION — -1.0%** |  |  |
| Total Written Option |  |  |
| &nbsp;&nbsp;&nbsp;(Premiums Received $5,356,467) |  | $(4761025) |

---

**ETC 6 Meridian**

**Hedged Equity-Index Option Strategy ETF**

Schedule of Investments

August 31, 2025 (Unaudited) (Concluded)

A list of the Exchange Traded Option Contracts held by the Fund at August 31, 2025, is as follows:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| Description | Number of<br> Contracts | Notional<br> Amount | Exercise <br> Price | Expiration<br> Date | Value |
| **WRITTEN OPTION — (1.0)%** |  |  |  |  |  |
| Call Options |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;S&P 500 Index\* | (785) | $507130410 | $6600 | 10/17/25 | $(4761025) |
| **TOTAL WRITTEN OPTION** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;(Premiums Received $5,356,467) |  |  |  |  | $(4761025) |

---

Percentages are based on Net Assets of $497,821,310.

---

| | |
|:---|:---|
| \* | Non-income producing security. |
| ‡ | Real Estate Investment Trust. |
| (A) | All or a portion of these securities has been pledged as collateral on written options with a fair value of $101,693,716. |
| (B) | The rate shown is the 7-day effective yield as of August 31, 2025. |

---

---

| |
|:---|
| Cl — Class |
| ETF — Exchange-Traded Fund |
| PLC — Public Limited Company |
| S&P— Standard & Poor's |
| SPDR — Standard & Poor's Depositary Receipts |

---

MER-QH-001-1100

**ETC 6 Meridian**

**Low Beta Equity Strategy ETF**

Schedule of Investments

August 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| Description | Shares | Fair Value |
| **COMMON STOCK — 99.7%** |  |  |
| **Communication Services — 3.6%** |  |  |
| &nbsp;&nbsp;&nbsp;AT&T | 30345 | $888805 |
| &nbsp;&nbsp;&nbsp;DoubleVerify Holdings\* | 53968 | 878060 |
| &nbsp;&nbsp;&nbsp;Madison Square Garden Sports\* | 4086 | 808374 |
| &nbsp;&nbsp;&nbsp;New York Times, Cl A | 17118 | 1024341 |
| &nbsp;&nbsp;&nbsp;TKO Group Holdings, Cl A | 5516 | 1045613 |
| &nbsp;&nbsp;&nbsp;T-Mobile US | 3080 | 776129 |
| &nbsp;&nbsp;&nbsp;Verizon Communications | 18335 | 810957 |
| &nbsp;&nbsp;&nbsp;Warner Music Group, Cl A | 23980 | 799733 |
|  |  | 7032012 |
| **Consumer Discretionary — 3.0%** |  |  |
| &nbsp;&nbsp;&nbsp;Columbia Sportswear | 9681 | 539425 |
| &nbsp;&nbsp;&nbsp;Mattel\* | 39238 | 718055 |
| &nbsp;&nbsp;&nbsp;McDonald's | 2610 | 818339 |
| &nbsp;&nbsp;&nbsp;Monarch Casino & Resort | 9243 | 964322 |
| &nbsp;&nbsp;&nbsp;Murphy USA | 1805 | 679583 |
| &nbsp;&nbsp;&nbsp;Service Corp International | 10151 | 804467 |
| &nbsp;&nbsp;&nbsp;Sturm Ruger | 20258 | 702345 |
| &nbsp;&nbsp;&nbsp;Wendy's | 53506 | 567699 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;5794235 |
| **Consumer Staples — 18.1%** |  |  |
| &nbsp;&nbsp;&nbsp;Albertsons, Cl A | 46566 | 906175 |
| &nbsp;&nbsp;&nbsp;Altria Group | 14228 | 956264 |
| &nbsp;&nbsp;&nbsp;Archer-Daniels-Midland | 16873 | 1056925 |
| &nbsp;&nbsp;&nbsp;BellRing Brands\* | 11853 | 486566 |
| &nbsp;&nbsp;&nbsp;BJ's Wholesale Club Holdings\* | 7218 | 705054 |
| &nbsp;&nbsp;&nbsp;Boston Beer, Cl A\* | 3474 | 768067 |
| &nbsp;&nbsp;&nbsp;Bunge Global | 10860 | 914629 |
| &nbsp;&nbsp;&nbsp;Cal-Maine Foods | 9809 | 1134313 |
| &nbsp;&nbsp;&nbsp;Church & Dwight | 7315 | 681465 |
| &nbsp;&nbsp;&nbsp;Coca-Cola | 11512 | 794213 |
| &nbsp;&nbsp;&nbsp;Coca-Cola Consolidated | 6034 | 707426 |
| &nbsp;&nbsp;&nbsp;Colgate-Palmolive | 8691 | 730652 |
| &nbsp;&nbsp;&nbsp;Conagra Brands | 31220 | 597239 |
| &nbsp;&nbsp;&nbsp;Edgewell Personal Care | 25829 | 620412 |
| &nbsp;&nbsp;&nbsp;Energizer Holdings | 26796 | 738498 |
| &nbsp;&nbsp;&nbsp;Flowers Foods | 43516 | 654481 |
| &nbsp;&nbsp;&nbsp;Fresh Del Monte Produce | 26585 | 964504 |
| &nbsp;&nbsp;&nbsp;General Mills | 13035 | 643016 |
| &nbsp;&nbsp;&nbsp;Hormel Foods | 27966 | 711455 |
| &nbsp;&nbsp;&nbsp;Ingredion | 6186 | 801334 |
| &nbsp;&nbsp;&nbsp;J & J Snack Foods | 5879 | 655920 |
| &nbsp;&nbsp;&nbsp;John B Sanfilippo & Son | 11044 | 716756 |
| &nbsp;&nbsp;&nbsp;Kenvue | 34991 | 724664 |
| &nbsp;&nbsp;&nbsp;Keurig Dr Pepper | 24187 | 703600 |
| &nbsp;&nbsp;&nbsp;Kimberly-Clark | 5694 | 735323 |
| &nbsp;&nbsp;&nbsp;Kraft Heinz | 25932 | 725318 |
| &nbsp;&nbsp;&nbsp;Kroger | 12713 | 862450 |
| &nbsp;&nbsp;&nbsp;Lancaster Colony | 4224 | 771302 |
| &nbsp;&nbsp;&nbsp;McCormick | 9908 | 697226 |
| &nbsp;&nbsp;&nbsp;Mondelez International, Cl A | 12149 | 746435 |
| &nbsp;&nbsp;&nbsp;National Beverage\* | 19630 | 825441 |
| &nbsp;&nbsp;&nbsp;PepsiCo | 5246 | 779818 |
| &nbsp;&nbsp;&nbsp;Philip Morris International | 5281 | 882613 |

---

---

| | | |
|:---|:---|:---|
| Description | Shares | Fair Value |
| **Consumer Staples — continued** |  |  |
| &nbsp;&nbsp;&nbsp;Pilgrim's Pride | 15416 | $685241 |
| &nbsp;&nbsp;&nbsp;Post Holdings\* | 7087 | 801894 |
| &nbsp;&nbsp;&nbsp;Procter & Gamble | 4643 | 729137 |
| &nbsp;&nbsp;&nbsp;Simply Good Foods\* | 22705 | 650044 |
| &nbsp;&nbsp;&nbsp;SpartanNash | 40821 | 1094003 |
| &nbsp;&nbsp;&nbsp;Sysco | 10798 | 868915 |
| &nbsp;&nbsp;&nbsp;Tootsie Roll Industries | 26012 | 1045947 |
| &nbsp;&nbsp;&nbsp;TreeHouse Foods\* | 26445 | 485001 |
| &nbsp;&nbsp;&nbsp;Tyson Foods, Cl A | 13400 | 760852 |
| &nbsp;&nbsp;&nbsp;Universal | 15087 | 844118 |
| &nbsp;&nbsp;&nbsp;WD-40 | 3349 | 723518 |
| &nbsp;&nbsp;&nbsp;WK Kellogg | 42576 | 975842 |
|  |  | 35064066 |
| **Energy — 2.0%** |  |  |
| &nbsp;&nbsp;&nbsp;Dorian LPG | 38639 | 1235675 |
| &nbsp;&nbsp;&nbsp;Exxon Mobil | 7537 | 861404 |
| &nbsp;&nbsp;&nbsp;International Seaways | 23397 | 1062692 |
| &nbsp;&nbsp;&nbsp;World Kinect | 28682 | 768964 |
|  |  | 3928735 |
| **Financials — 13.6%** |  |  |
| &nbsp;&nbsp;&nbsp;Aflac | 7508 | 802305 |
| &nbsp;&nbsp;&nbsp;Allstate | 4105 | 835162 |
| &nbsp;&nbsp;&nbsp;American Financial Group | 6336 | 860809 |
| &nbsp;&nbsp;&nbsp;AMERISAFE | 15926 | 735463 |
| &nbsp;&nbsp;&nbsp;&nbsp;Annaly Capital Management<sup>‡</sup> | 38064 | 806576 |
| &nbsp;&nbsp;&nbsp;Assured Guaranty | 9571 | 786736 |
| &nbsp;&nbsp;&nbsp;Cboe Global Markets | 3807 | 898262 |
| &nbsp;&nbsp;&nbsp;Chubb | 2830 | 778448 |
| &nbsp;&nbsp;&nbsp;CME Group, Cl A | 3191 | 850433 |
| &nbsp;&nbsp;&nbsp;Employers Holdings | 16401 | 709507 |
| &nbsp;&nbsp;&nbsp;EVERTEC | 21656 | 772686 |
| &nbsp;&nbsp;&nbsp;EZCORP, Cl A\* | 60801 | 1013553 |
| &nbsp;&nbsp;&nbsp;Federated Hermes, Cl B | 20811 | 1105064 |
| &nbsp;&nbsp;&nbsp;Hanover Insurance Group | 4787 | 830449 |
| &nbsp;&nbsp;&nbsp;HCI Group | 6010 | 1001927 |
| &nbsp;&nbsp;&nbsp;Horace Mann Educators | 19625 | 902357 |
| &nbsp;&nbsp;&nbsp;Kemper | 12296 | 659680 |
| &nbsp;&nbsp;&nbsp;MarketAxess Holdings | 3930 | 722491 |
| &nbsp;&nbsp;&nbsp;Marsh & McLennan | 3429 | 705722 |
| &nbsp;&nbsp;&nbsp;Old Republic International | 21477 | 858436 |
| &nbsp;&nbsp;&nbsp;Payoneer Global\* | 103855 | 721792 |
| &nbsp;&nbsp;&nbsp;Progressive | 2880 | 711533 |
| &nbsp;&nbsp;&nbsp;RenaissanceRe Holdings | 3330 | 809157 |
| &nbsp;&nbsp;&nbsp;RLI | 10722 | 726201 |
| &nbsp;&nbsp;&nbsp;Ryan Specialty Holdings, Cl A | 11718 | 662419 |
| &nbsp;&nbsp;&nbsp;Safety Insurance Group | 10699 | 791833 |
| &nbsp;&nbsp;&nbsp;Selective Insurance Group | 9442 | 738648 |
| &nbsp;&nbsp;&nbsp;&nbsp;Two Harbors Investment<sup>‡</sup> | 58478 | 584780 |
| &nbsp;&nbsp;&nbsp;Unum Group | 10203 | 712782 |
| &nbsp;&nbsp;&nbsp;Virtu Financial, Cl A | 22180 | 929786 |
| &nbsp;&nbsp;&nbsp;Western Union | 73336 | 635823 |
| &nbsp;&nbsp;&nbsp;Willis Towers Watson PLC | 2450 | 800635 |
| &nbsp;&nbsp;&nbsp;WR Berkley | 13045 | 935196 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;26396651 |
| **Health Care — 16.7%** |  |  |
| &nbsp;&nbsp;&nbsp;Abbott Laboratories | 6001 | 796093 |

---

**ETC 6 Meridian**

**Low Beta Equity Strategy ETF**

Schedule of Investments

August 31, 2025 (Unaudited) (Continued)

---

| | | |
|:---|:---|:---|
| Description | Shares | Fair Value |
| **Health Care — continued** |  |  |
| &nbsp;&nbsp;&nbsp;AbbVie | 3846 | $809198 |
| &nbsp;&nbsp;&nbsp;Addus HomeCare\* | 8508 | 979866 |
| &nbsp;&nbsp;&nbsp;Alkermes PLC\* | 23410 | 678188 |
| &nbsp;&nbsp;&nbsp;Becton Dickinson | 3598 | 694342 |
| &nbsp;&nbsp;&nbsp;BioMarin Pharmaceutical\* | 11388 | 663579 |
| &nbsp;&nbsp;&nbsp;Cencora, Cl A | 3101 | 904283 |
| &nbsp;&nbsp;&nbsp;Centene\* | 13643 | 396193 |
| &nbsp;&nbsp;&nbsp;Chemed | 1362 | 623728 |
| &nbsp;&nbsp;&nbsp;Cigna Group | 2568 | 772634 |
| &nbsp;&nbsp;&nbsp;Collegium Pharmaceutical\* | 27219 | 1056097 |
| &nbsp;&nbsp;&nbsp;Doximity, Cl A\* | 12293 | 835187 |
| &nbsp;&nbsp;&nbsp;Dynavax Technologies\* | 56562 | 572407 |
| &nbsp;&nbsp;&nbsp;Encompass Health | 8133 | 990274 |
| &nbsp;&nbsp;&nbsp;Ensign Group | 6289 | 1080324 |
| &nbsp;&nbsp;&nbsp;Exelixis\* | 21225 | 794240 |
| &nbsp;&nbsp;&nbsp;Gilead Sciences | 6988 | 789434 |
| &nbsp;&nbsp;&nbsp;HCA Healthcare | 2521 | 1018383 |
| &nbsp;&nbsp;&nbsp;HealthStream | 24642 | 691947 |
| &nbsp;&nbsp;&nbsp;Hologic\* | 12978 | 871083 |
| &nbsp;&nbsp;&nbsp;Innoviva\* | 46111 | 942048 |
| &nbsp;&nbsp;&nbsp;Inspire Medical Systems\* | 4632 | 433972 |
| &nbsp;&nbsp;&nbsp;Jazz Pharmaceuticals PLC\* | 5942 | 759091 |
| &nbsp;&nbsp;&nbsp;Johnson & Johnson | 4889 | 866184 |
| &nbsp;&nbsp;&nbsp;Lantheus Holdings\* | 8089 | 444086 |
| &nbsp;&nbsp;&nbsp;McKesson | 1264 | 867913 |
| &nbsp;&nbsp;&nbsp;Medtronic PLC | 8706 | 808004 |
| &nbsp;&nbsp;&nbsp;Merit Medical Systems\* | 7973 | 721875 |
| &nbsp;&nbsp;&nbsp;Molina Healthcare\* | 2499 | 451894 |
| &nbsp;&nbsp;&nbsp;Neurocrine Biosciences\* | 7197 | 1004701 |
| &nbsp;&nbsp;&nbsp;Omnicell\* | 21780 | 709810 |
| &nbsp;&nbsp;&nbsp;Organon | 54585 | 514191 |
| &nbsp;&nbsp;&nbsp;Penumbra\* | 2915 | 794746 |
| &nbsp;&nbsp;&nbsp;Pfizer | 30907 | 765257 |
| &nbsp;&nbsp;&nbsp;Premier, Cl A | 46219 | 1197072 |
| &nbsp;&nbsp;&nbsp;Prestige Consumer Healthcare\* | 9311 | 633521 |
| &nbsp;&nbsp;&nbsp;Protagonist Therapeutics\* | 18397 | 1086343 |
| &nbsp;&nbsp;&nbsp;Quest Diagnostics | 4721 | 857523 |
| &nbsp;&nbsp;&nbsp;Sarepta Therapeutics\* | 7680 | 139776 |
| &nbsp;&nbsp;&nbsp;Supernus Pharmaceuticals\* | 25486 | 1149928 |
| &nbsp;&nbsp;&nbsp;United Therapeutics\* | 2633 | 802433 |
| &nbsp;&nbsp;&nbsp;UnitedHealth Group | 1657 | 513455 |
|  |  | 32481303 |
| **Industrials — 7.1%** |  |  |
| &nbsp;&nbsp;&nbsp;Brady, Cl A | 11629 | 907992 |
| &nbsp;&nbsp;&nbsp;CACI International, Cl A\* | 2255 | 1081769 |
| &nbsp;&nbsp;&nbsp;CSG Systems International | 12864 | 825354 |
| &nbsp;&nbsp;&nbsp;FTI Consulting\* | 4807 | 810653 |
| &nbsp;&nbsp;&nbsp;Genpact | 15901 | 720951 |
| &nbsp;&nbsp;&nbsp;L3Harris Technologies | 3793 | 1053013 |
| &nbsp;&nbsp;&nbsp;Lockheed Martin | 1755 | 799631 |
| &nbsp;&nbsp;&nbsp;MAXIMUS | 11927 | 1048622 |
| &nbsp;&nbsp;&nbsp;National Presto Industries | 8777 | 920005 |
| &nbsp;&nbsp;&nbsp;Northrop Grumman | 1706 | 1006608 |
| &nbsp;&nbsp;&nbsp;RB Global | 8134 | 931668 |
| &nbsp;&nbsp;&nbsp;RTX | 6322 | 1002669 |
| &nbsp;&nbsp;&nbsp;Tetra Tech | 28387 | 1033855 |

---

---

| | | |
|:---|:---|:---|
| Description | Shares | Fair Value |
| **Industrials — continued** |  |  |
| &nbsp;&nbsp;&nbsp;Verisk Analytics, Cl A | 2745 | $735989 |
| &nbsp;&nbsp;&nbsp;Verra Mobility, Cl A\* | 38186 | 948922 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;13827701 |
| **Information Technology — 3.3%** |  |  |
| &nbsp;&nbsp;&nbsp;Box, Cl A\* | 25218 | 822863 |
| &nbsp;&nbsp;&nbsp;Dolby Laboratories, Cl A | 9832 | 704758 |
| &nbsp;&nbsp;&nbsp;Dynatrace\* | 15137 | 765932 |
| &nbsp;&nbsp;&nbsp;InterDigital | 3868 | 1050974 |
| &nbsp;&nbsp;&nbsp;Jack Henry & Associates | 4419 | 721446 |
| &nbsp;&nbsp;&nbsp;LiveRamp Holdings\* | 28548 | 797060 |
| &nbsp;&nbsp;&nbsp;N-able\* | 108732 | 876380 |
| &nbsp;&nbsp;&nbsp;Progress Software | 14582 | 675001 |
|  |  | 6414414 |
| **Materials — 1.3%** |  |  |
| &nbsp;&nbsp;&nbsp;AptarGroup | 5362 | 746766 |
| &nbsp;&nbsp;&nbsp;Crown Holdings | 9070 | 901376 |
| &nbsp;&nbsp;&nbsp;Royal Gold | 5396 | 969014 |
|  |  | 2617156 |
| **Real Estate — 13.8%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Agree Realty<sup>‡</sup> | 10819 | 786974 |
| &nbsp;&nbsp;&nbsp;&nbsp;Alexander & Baldwin<sup>‡</sup> | 45695 | 883741 |
| &nbsp;&nbsp;&nbsp;&nbsp;American Homes 4 Rent, Cl A<sup>‡</sup> | 22485 | 805413 |
| &nbsp;&nbsp;&nbsp;&nbsp;American Tower, Cl A<sup>‡</sup> | 3915 | 798073 |
| &nbsp;&nbsp;&nbsp;&nbsp;Armada Hoffler Properties<sup>‡</sup> | 91653 | 667234 |
| &nbsp;&nbsp;&nbsp;&nbsp;Brixmor Property Group<sup>‡</sup> | 30345 | 849357 |
| &nbsp;&nbsp;&nbsp;&nbsp;Centerspace<sup>‡</sup> | 12522 | 745059 |
| &nbsp;&nbsp;&nbsp;&nbsp;COPT Defense Properties<sup>‡</sup> | 30411 | 875228 |
| &nbsp;&nbsp;&nbsp;&nbsp;CubeSmart<sup>‡</sup> | 19189 | 785214 |
| &nbsp;&nbsp;&nbsp;&nbsp;Easterly Government Properties, Cl A<sup>‡</sup> | 29387 | 672664 |
| &nbsp;&nbsp;&nbsp;&nbsp;Elme Communities<sup>‡</sup> | 47376 | 809182 |
| &nbsp;&nbsp;&nbsp;&nbsp;EPR Properties<sup>‡</sup> | 15360 | 833280 |
| &nbsp;&nbsp;&nbsp;&nbsp;Equity LifeStyle Properties<sup>‡</sup> | 11969 | 721611 |
| &nbsp;&nbsp;&nbsp;&nbsp;First Industrial Realty Trust<sup>‡</sup> | 14071 | 740134 |
| &nbsp;&nbsp;&nbsp;&nbsp;Four Corners Property Trust<sup>‡</sup> | 28161 | 729088 |
| &nbsp;&nbsp;&nbsp;&nbsp;Gaming and Leisure Properties<sup>‡</sup> | 16210 | 778242 |
| &nbsp;&nbsp;&nbsp;&nbsp;Getty Realty<sup>‡</sup> | 26124 | 746885 |
| &nbsp;&nbsp;&nbsp;&nbsp;Healthcare Realty Trust, Cl A<sup>‡</sup> | 49131 | 853897 |
| &nbsp;&nbsp;&nbsp;&nbsp;Innovative Industrial Properties, Cl A<sup>‡</sup> | 11148 | 631646 |
| &nbsp;&nbsp;&nbsp;&nbsp;LTC Properties<sup>‡</sup> | 22680 | 827820 |
| &nbsp;&nbsp;&nbsp;&nbsp;Mid-America Apartment Communities<sup>‡</sup> | 4862 | 708977 |
| &nbsp;&nbsp;&nbsp;&nbsp;National Storage Affiliates Trust<sup>‡</sup> | 20927 | 674477 |
| &nbsp;&nbsp;&nbsp;&nbsp;NNN REIT<sup>‡</sup> | 18961 | 813617 |
| &nbsp;&nbsp;&nbsp;&nbsp;Rayonier<sup>‡</sup> | 30164 | 792710 |
| &nbsp;&nbsp;&nbsp;&nbsp;Regency Centers<sup>‡</sup> | 10895 | 789887 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sabra Health Care REIT<sup>‡</sup> | 48952 | 935473 |
| &nbsp;&nbsp;&nbsp;&nbsp;Saul Centers<sup>‡</sup> | 22479 | 768107 |
| &nbsp;&nbsp;&nbsp;&nbsp;Tanger<sup>‡</sup> | 23762 | 812185 |
| &nbsp;&nbsp;&nbsp;&nbsp;Universal Health Realty Income Trust<sup>‡</sup> | 19752 | 801733 |
| &nbsp;&nbsp;&nbsp;&nbsp;Urban Edge Properties<sup>‡</sup> | 40453 | 836973 |
| &nbsp;&nbsp;&nbsp;&nbsp;Veris Residential<sup>‡</sup> | 49067 | 771824 |

---

**ETC 6 Meridian**

**Low Beta Equity Strategy ETF**

Schedule of Investments

August 31, 2025 (Unaudited) (Concluded)

---

| | | |
|:---|:---|:---|
| Description | Shares | Fair Value |
| **Real Estate — continued** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;VICI Properties, Cl A<sup>‡</sup> | 25370 | $856999 |
| &nbsp;&nbsp;&nbsp;&nbsp;Whitestone REIT, Cl B<sup>‡</sup> | 59075 | 777427 |
| &nbsp;&nbsp;&nbsp;&nbsp;WP Carey<sup>‡</sup> | 12678 | 850694 |
|  |  | 26731825 |
| **Utilities — 17.2%** |  |  |
| &nbsp;&nbsp;&nbsp;ALLETE | 12418 | 796615 |
| &nbsp;&nbsp;&nbsp;Alliant Energy | 13039 | 848448 |
| &nbsp;&nbsp;&nbsp;Ameren | 8345 | 832664 |
| &nbsp;&nbsp;&nbsp;American Electric Power | 7902 | 877280 |
| &nbsp;&nbsp;&nbsp;American States Water | 10396 | 774814 |
| &nbsp;&nbsp;&nbsp;American Water Works | 5870 | 842404 |
| &nbsp;&nbsp;&nbsp;Atmos Energy | 5539 | 920194 |
| &nbsp;&nbsp;&nbsp;Avista | 20765 | 758753 |
| &nbsp;&nbsp;&nbsp;Black Hills | 13643 | 815988 |
| &nbsp;&nbsp;&nbsp;California Water Service Group | 17347 | 814095 |
| &nbsp;&nbsp;&nbsp;Chesapeake Utilities | 6374 | 787699 |
| &nbsp;&nbsp;&nbsp;Clearway Energy, Cl C | 29680 | 884761 |
| &nbsp;&nbsp;&nbsp;CMS Energy | 11322 | 810315 |
| &nbsp;&nbsp;&nbsp;Consolidated Edison | 8036 | 789376 |
| &nbsp;&nbsp;&nbsp;DTE Energy | 6209 | 848460 |
| &nbsp;&nbsp;&nbsp;Duke Energy | 7059 | 864657 |
| &nbsp;&nbsp;&nbsp;Entergy | 9987 | 879755 |
| &nbsp;&nbsp;&nbsp;Essential Utilities | 21091 | 833305 |
| &nbsp;&nbsp;&nbsp;Evergy | 12340 | 879348 |
| &nbsp;&nbsp;&nbsp;Exelon | 18914 | 826164 |
| &nbsp;&nbsp;&nbsp;FirstEnergy | 21193 | 924439 |
| &nbsp;&nbsp;&nbsp;IDACORP | 7212 | 902221 |
| &nbsp;&nbsp;&nbsp;MGE Energy | 9125 | 776994 |
| &nbsp;&nbsp;&nbsp;Middlesex Water | 13275 | 710744 |
| &nbsp;&nbsp;&nbsp;National Fuel Gas | 11023 | 956135 |
| &nbsp;&nbsp;&nbsp;New Jersey Resources | 17108 | 809037 |
| &nbsp;&nbsp;&nbsp;NiSource | 21016 | 888346 |
| &nbsp;&nbsp;&nbsp;Northwest Natural Holding | 19579 | 813116 |
| &nbsp;&nbsp;&nbsp;Northwestern Energy Group | 14729 | 847065 |
| &nbsp;&nbsp;&nbsp;OGE Energy | 18414 | 822369 |
| &nbsp;&nbsp;&nbsp;ONE Gas | 11163 | 853970 |
| &nbsp;&nbsp;&nbsp;Pinnacle West Capital | 8933 | 798253 |
| &nbsp;&nbsp;&nbsp;PPL | 23932 | 872800 |
| &nbsp;&nbsp;&nbsp;SJW Group | 14904 | 750714 |
| &nbsp;&nbsp;&nbsp;Southern | 9138 | 843437 |
| &nbsp;&nbsp;&nbsp;Southwest Gas Holdings | 11139 | 889783 |
| &nbsp;&nbsp;&nbsp;Spire | 10680 | 818088 |
| &nbsp;&nbsp;&nbsp;UGI | 24699 | 855573 |
| &nbsp;&nbsp;&nbsp;Unitil | 14858 | 697732 |
| &nbsp;&nbsp;&nbsp;WEC Energy Group | 7812 | 832056 |
|  |  | 33347967 |
| Total Common Stock |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $184,727,919) |  | &nbsp;&nbsp;&nbsp;&nbsp;193636065 |

---

---

| | | |
|:---|:---|:---|
| Description | Shares | Fair Value |
| **SHORT-TERM INVESTMENT — 0.3%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Invesco Government & Agency Portfolio, Institutional Class, 4.21%<sup>(A)</sup> | 629387 | $629387 |
| Total Short-Term Investment |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $629,387) |  | 629387 |
| Total Investments - 100.0% |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $185,357,306) |  | $&nbsp;&nbsp;&nbsp;&nbsp;194265452 |

---

Percentages are based on Net Assets of $194,184,038.

\* Non-income producing security. <br> ‡ Real Estate Investment Trust. <br> (A) The rate shown is the 7-day effective yield as of August 31, 2025.

Cl — Class <br> PLC — Public Limited Company <br> REIT — Real Estate Investment Trust

MER-QH-001-1100

**ETC 6 Meridian**

**Mega Cap Equity ETF**

Schedule of Investments

August 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| Description | Shares | Fair Value |
| **COMMON STOCK — 99.9%** | **COMMON STOCK — 99.9%** | **COMMON STOCK — 99.9%** |
| **Communication Services — 17.4%** | **Communication Services — 17.4%** |  |
| &nbsp;&nbsp;&nbsp;Alphabet, Cl A | 28984 | $6170983 |
| &nbsp;&nbsp;&nbsp;AT&T | 790081 | 23141473 |
| &nbsp;&nbsp;&nbsp;Comcast, Cl A | 337162 | 11453393 |
| &nbsp;&nbsp;&nbsp;Meta Platforms, Cl A | 14618 | 10798317 |
| &nbsp;&nbsp;&nbsp;Netflix\* | 4730 | 5715022 |
| &nbsp;&nbsp;&nbsp;Verizon Communications | 383549 | 16964372 |
|  |  | 74243560 |
| **Consumer Discretionary — 6.8%** |  |  |
| &nbsp;&nbsp;&nbsp;Amazon.com\* | 25526 | 5845454 |
| &nbsp;&nbsp;&nbsp;Booking Holdings | 1016 | 5688635 |
| &nbsp;&nbsp;&nbsp;General Motors | 104380 | 6115624 |
| &nbsp;&nbsp;&nbsp;McDonald's | 18098 | 5674447 |
| &nbsp;&nbsp;&nbsp;Nike, Cl B | 73475 | 5684761 |
|  |  | 29008921 |
| **Consumer Staples — 19.8%** |  |  |
| &nbsp;&nbsp;&nbsp;Altria Group | 355063 | 23863784 |
| &nbsp;&nbsp;&nbsp;Coca-Cola | 79610 | 5492294 |
| &nbsp;&nbsp;&nbsp;Colgate-Palmolive | 131343 | 11042006 |
| &nbsp;&nbsp;&nbsp;Costco Wholesale | 5754 | 5427863 |
| &nbsp;&nbsp;&nbsp;Mondelez International, Cl A | 85750 | 5268480 |
| &nbsp;&nbsp;&nbsp;Philip Morris International | 100936 | 16869434 |
| &nbsp;&nbsp;&nbsp;Procter & Gamble | 36391 | 5714843 |
| &nbsp;&nbsp;&nbsp;Walmart | 111359 | 10799596 |
|  |  | 84478300 |
| **Energy — 5.5%** |  |  |
| &nbsp;&nbsp;&nbsp;ConocoPhillips | 118202 | 11698452 |
| &nbsp;&nbsp;&nbsp;Exxon Mobil | 100050 | 11434714 |
|  |  | 23133166 |
| **Financials — 10.9%** |  |  |
| &nbsp;&nbsp;&nbsp;American International Group | 71223 | 5791854 |
| &nbsp;&nbsp;&nbsp;Bank of New York Mellon | 54932 | 5800819 |
| &nbsp;&nbsp;&nbsp;Berkshire Hathaway, Cl B\* | 11597 | 5833059 |
| &nbsp;&nbsp;&nbsp;Charles Schwab | 57378 | 5499108 |
| &nbsp;&nbsp;&nbsp;JPMorgan Chase | 18911 | 5700154 |
| &nbsp;&nbsp;&nbsp;PayPal Holdings\* | 81686 | 5733540 |
| &nbsp;&nbsp;&nbsp;US Bancorp | 249677 | 12191728 |
|  |  | 46550262 |
| **Health Care — 13.3%** |  |  |
| &nbsp;&nbsp;&nbsp;Abbott Laboratories | 43062 | 5712605 |
| &nbsp;&nbsp;&nbsp;AbbVie | 28081 | 5908242 |
| &nbsp;&nbsp;&nbsp;Amgen | 18464 | 5312278 |
| &nbsp;&nbsp;&nbsp;Bristol-Myers Squibb | 247955 | 11698517 |
| &nbsp;&nbsp;&nbsp;Eli Lilly | 7188 | 5265785 |
| &nbsp;&nbsp;&nbsp;Gilead Sciences | 48436 | 5471815 |
| &nbsp;&nbsp;&nbsp;Johnson & Johnson | 32764 | 5804798 |
| &nbsp;&nbsp;&nbsp;Pfizer | 467173 | 11567203 |
|  |  | 56741243 |
| **Industrials — 4.0%** |  |  |
| &nbsp;&nbsp;&nbsp;Deere | 10943 | 5237758 |
| &nbsp;&nbsp;&nbsp;General Electric | 20355 | 5601696 |
| &nbsp;&nbsp;&nbsp;Lockheed Martin | 13019 | 5931847 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;16771301 |

---

---

| | | |
|:---|:---|:---|
| Description | Shares | Fair Value |
| **Information Technology — 14.5%** |  |  |
| &nbsp;&nbsp;&nbsp;Accenture PLC, Cl A | 21466 | $5580516 |
| &nbsp;&nbsp;&nbsp;Apple | 27088 | 6288208 |
| &nbsp;&nbsp;&nbsp;Cisco Systems | 81686 | 5643686 |
| &nbsp;&nbsp;&nbsp;International Business Machines | 21932 | 5340223 |
| &nbsp;&nbsp;&nbsp;Intuit | 7062 | 4710354 |
| &nbsp;&nbsp;&nbsp;NVIDIA | 31556 | 5496424 |
| &nbsp;&nbsp;&nbsp;Palantir Technologies, Cl A\* | 71072 | 11137693 |
| &nbsp;&nbsp;&nbsp;Qualcomm | 73989 | 11892252 |
| &nbsp;&nbsp;&nbsp;ServiceNow\* | 5996 | 5501090 |
|  |  | 61590446 |
| **Real Estate — 3.9%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;American Tower, Cl A<sup>‡</sup> | 51695 | 10538026 |
| &nbsp;&nbsp;&nbsp;&nbsp;Simon Property Group<sup>‡</sup> | 34116 | 6163396 |
|  |  | 16701422 |
| **Utilities — 3.8%** |  |  |
| &nbsp;&nbsp;&nbsp;Duke Energy | 89192 | 10925128 |
| &nbsp;&nbsp;&nbsp;Southern | 57717 | 5327279 |
|  |  | 16252407 |
| Total Common Stock |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $397,176,961) |  | &nbsp;&nbsp;&nbsp;&nbsp;425471028 |
| **SHORT-TERM INVESTMENT — 0.1%** | **SHORT-TERM INVESTMENT — 0.1%** | **SHORT-TERM INVESTMENT — 0.1%** |
| &nbsp;&nbsp;&nbsp;&nbsp;Invesco Government & Agency Portfolio, Institutional Class, 4.21%<sup>(A)</sup> | 600264 | 600264 |
| Total Short-Term Investment |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $600,264) |  | 600264 |
| Total Investments - 100.0% |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $397,777,225) |  | $426071292 |

---

Percentages are based on Net Assets of $426,205,715.

\* Non-income producing security. <br> ‡ Real Estate Investment Trust. <br> (A) The rate shown is the 7-day effective yield as of August 31, 2025.

Cl — Class <br> PLC — Public Limited Company

MER-QH-001-1100

**ETC 6 Meridian**

**Small Cap Equity ETF**

Schedule of Investments

August 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| Description | Shares | Fair Value |
| **COMMON STOCK — 99.6%** | **COMMON STOCK — 99.6%** | **COMMON STOCK — 99.6%** |
| **Communication Services — 2.3%** | **Communication Services — 2.3%** |  |
| Madison Square Garden Sports\* | 5472 | $1082581 |
| TEGNA | 63396 | 1343995 |
|  |  | 2426576 |
| **Consumer Discretionary — 11.2%** |  |  |
| American Axle & Manufacturing Holdings\* | 234722 | 1366082 |
| Buckle | 29020 | 1642242 |
| G-III Apparel Group\* | 42717 | 1153359 |
| M\* | 9199 | 1354645 |
| Perdoceo Education | 42717 | 1398555 |
| Sally Beauty Holdings\* | 123858 | 1716672 |
| Shoe Carnival | 51414 | 1074552 |
| Sturm Ruger | 27763 | 962543 |
| Tri Pointe Homes\* | 34435 | 1216588 |
|  |  | 11885238 |
| **Consumer Staples — 17.1%** |  |  |
| Andersons | 26477 | 1082909 |
| Cal-Maine Foods | 26158 | 3024911 |
| Central Garden & Pet, Cl A\* | 30626 | 1115705 |
| Edgewell Personal Care | 35393 | 850140 |
| Energizer Holdings | 36808 | 1014429 |
| Fresh Del Monte Produce | 36550 | 1326034 |
| J & J Snack Foods | 8142 | 908403 |
| John B Sanfilippo & Son | 15344 | 995825 |
| National Beverage\* | 27017 | 1136065 |
| Simply Good Foods\* | 30946 | 885984 |
| SpartanNash | 56126 | 1504177 |
| Tootsie Roll Industries | 35075 | 1410378 |
| TreeHouse Foods\* | 36140 | 662808 |
| WD-40 | 4556 | 984278 |
| WK Kellogg | 57329 | 1313981 |
|  |  | 18216027 |
| **Energy — 11.0%** |  |  |
| Dorian LPG | 110280 | 3526754 |
| International Seaways | 65467 | 2973511 |
| Magnolia Oil & Gas, Cl A | 48566 | 1208322 |
| REX American Resources\* | 29882 | 1869717 |
| RPC | 211613 | 1009394 |
| SM Energy | 39831 | 1137175 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;11724873 |
| **Financials — 21.4%** |  |  |
| AMERISAFE | 21571 | 996149 |
| &nbsp;&nbsp;&nbsp;Artisan Partners Asset Management, Cl A | 26109 | 1221640 |
| Assured Guaranty | 25395 | 2087469 |
| Axos Financial\* | 17012 | 1551664 |
| Bread Financial Holdings | 21526 | 1424806 |
| Brightsphere Investment Group | 46290 | 2359401 |
| Employers Holdings | 21825 | 944149 |
| Enova International\* | 11369 | 1379059 |
| EZCORP, Cl A\* | 165713 | 2762436 |
| HCI Group | 16046 | 2675029 |
| PROG Holdings | 40749 | 1435995 |

---

---

| | | |
|:---|:---|:---|
| Description | Shares | Fair Value |
| **Financials — continued** |  |  |
| Virtu Financial, Cl A | 30220 | $1266823 |
| Virtus Investment Partners | 6056 | 1219860 |
| World Acceptance\* | 8639 | 1480984 |
|  |  | 22805464 |
| **Health Care — 12.9%** |  |  |
| Addus HomeCare\* | 11394 | 1312247 |
| Collegium Pharmaceutical\* | 38501 | 1493839 |
| Dynavax Technologies\* | 78240 | 791789 |
| Harmony Biosciences Holdings\* | 32486 | 1198409 |
| Innoviva\* | 125060 | 2554976 |
| Inspire Medical Systems\* | 6221 | 582845 |
| Merit Medical Systems\* | 10453 | 946415 |
| Organon | 75858 | 714582 |
| Premier, Cl A | 62780 | 1626002 |
| Prestige Consumer Healthcare\* | 12822 | 872409 |
| Protagonist Therapeutics\* | 28507 | 1683338 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;13776851 |
| **Industrials — 3.4%** |  |  |
| DNOW\* | 72448 | 1159168 |
| Heidrick & Struggles International | 24288 | 1234073 |
| Matson | 7965 | 828758 |
| Vestis | 97088 | 454372 |
|  |  | 3676371 |
| **Information Technology — 8.7%** |  |  |
| Box, Cl A\* | 33840 | 1104199 |
| DXC Technology\* | 60162 | 869341 |
| ePlus | 17037 | 1232968 |
| InterDigital | 5366 | 1457996 |
| N-able\* | 148128 | 1193912 |
| Photronics\* | 52422 | 1188407 |
| Progress Software | 19608 | 907654 |
| ScanSource\* | 30893 | 1348479 |
|  |  | 9302956 |
| **Materials — 1.6%** |  |  |
| SunCoke Energy | 122066 | 942350 |
| Sylvamo | 15841 | 730745 |
|  |  | 1673095 |
| **Real Estate — 4.9%** |  |  |
| Centerspace<sup>‡</sup> | 16927 | 1007157 |
| Elme Communities<sup>‡</sup> | 63214 | 1079695 |
| Four Corners Property Trust<sup>‡</sup> | 37849 | 979911 |
| Getty Realty<sup>‡</sup> | 35201 | 1006396 |
| LTC Properties<sup>‡</sup> | 30508 | 1113542 |
|  |  | 5186701 |
| **Utilities — 5.1%** |  |  |
| American States Water | 14139 | 1053779 |
| Avista | 27757 | 1014241 |
| California Water Service Group | 23495 | 1102620 |
| Clearway Energy, Cl C | 40269 | 1200419 |

---

**ETC 6 Meridian**

**Small Cap Equity ETF**

Schedule of Investments

August 31, 2025 (Unaudited) (Concluded)

---

| | | |
|:---|:---|:---|
| Description | Shares | Fair Value |
| **Utilities — continued** | **Utilities — continued** |  |
| &nbsp;&nbsp;&nbsp;SJW Group | 20229 | $1018935 |
|  |  | 5389994 |
| Total Common Stock<br> (Cost $96,513,234) |  | 106064146 |
| **SHORT-TERM INVESTMENT — 0.5%** | **SHORT-TERM INVESTMENT — 0.5%** | **SHORT-TERM INVESTMENT — 0.5%** |
| &nbsp;&nbsp;&nbsp;&nbsp;Invesco Government & Agency Portfolio, Institutional Class, 4.21%<sup>(A)</sup> | 552246 | 552246 |
| Total Short-Term Investment <br> (Cost $552,246) |  | 552246 |
| Total Investments - 100.1%<br> (Cost $97,065,480) |  | $&nbsp;&nbsp;&nbsp;&nbsp;106616392 |

---

Percentages are based on Net Assets of $106,479,954.

\* Non-income producing security. <br> ‡ Real Estate Investment Trust. <br> (A) The rate shown is the 7-day effective yield as of August 31, 2025.

Cl — Class

MER-QH-001-1100

**ETC 6 Meridian**

**Quality Growth ETF**

Schedule of Investments

August 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| Description | Shares | Fair Value |
| **COMMON STOCK<sup>††</sup> — 99.6%** | **COMMON STOCK<sup>††</sup> — 99.6%** | **COMMON STOCK<sup>††</sup> — 99.6%** |
| **Communication Services — 11.4%** | **Communication Services — 11.4%** |  |
| &nbsp;&nbsp;&nbsp;Alphabet, Cl A | 16661 | $&nbsp;&nbsp;&nbsp;&nbsp;3547294 |
| &nbsp;&nbsp;&nbsp;Meta Platforms, Cl A | 4628 | 3418704 |
| &nbsp;&nbsp;&nbsp;Pinterest, Cl A\* | 10483 | 383992 |
| &nbsp;&nbsp;&nbsp;Yelp, Cl A\* | 904 | 28584 |
|  |  | 7378574 |
| **Consumer Discretionary — 9.8%** |  |  |
| &nbsp;&nbsp;&nbsp;Booking Holdings | 485 | 2715539 |
| &nbsp;&nbsp;&nbsp;Deckers Outdoor\* | 2501 | 299195 |
| &nbsp;&nbsp;&nbsp;Grand Canyon Education\* | 452 | 91110 |
| &nbsp;&nbsp;&nbsp;Lululemon Athletica\* | 1814 | 366791 |
| &nbsp;&nbsp;&nbsp;Steven Madden | 1060 | 30782 |
| &nbsp;&nbsp;&nbsp;TJX | 17602 | 2404609 |
| &nbsp;&nbsp;&nbsp;Ulta Beauty\* | 703 | 346389 |
| &nbsp;&nbsp;&nbsp;Urban Outfitters\* | 1098 | 73654 |
| &nbsp;&nbsp;&nbsp;YETI Holdings\* | 1205 | 42368 |
|  |  | 6370437 |
| **Consumer Staples — 7.6%** |  |  |
| &nbsp;&nbsp;&nbsp;Andersons | 477 | 19509 |
| &nbsp;&nbsp;&nbsp;Boston Beer, Cl A\* | 157 | 34711 |
| &nbsp;&nbsp;&nbsp;Cal-Maine Foods | 662 | 76554 |
| &nbsp;&nbsp;&nbsp;Colgate-Palmolive | 11937 | 1003543 |
| &nbsp;&nbsp;&nbsp;J & J Snack Foods | 179 | 19971 |
| &nbsp;&nbsp;&nbsp;Kimberly-Clark | 5042 | 651124 |
| &nbsp;&nbsp;&nbsp;Lancaster Colony | 300 | 54780 |
| &nbsp;&nbsp;&nbsp;Monster Beverage\* | 10746 | 670658 |
| &nbsp;&nbsp;&nbsp;Procter & Gamble | 14823 | 2327804 |
| &nbsp;&nbsp;&nbsp;Vita Coco\* | 590 | 21087 |
| &nbsp;&nbsp;&nbsp;WD-40 | 196 | 42344 |
|  |  | 4922085 |
| **Energy — 0.4%** |  |  |
| &nbsp;&nbsp;&nbsp;Texas Pacific Land | 282 | 263241 |
| **Financials — 12.4%** |  |  |
| &nbsp;&nbsp;&nbsp;Mastercard, Cl A | 4769 | 2838938 |
| &nbsp;&nbsp;&nbsp;Progressive | 8334 | 2058998 |
| &nbsp;&nbsp;&nbsp;Remitly Global\* | 2446 | 45325 |
| &nbsp;&nbsp;&nbsp;Tradeweb Markets, Cl A | 3397 | 419054 |
| &nbsp;&nbsp;&nbsp;Visa, Cl A | 7544 | 2653828 |
|  |  | 8016143 |
| **Health Care — 14.9%** |  |  |
| &nbsp;&nbsp;&nbsp;Acadia Pharmaceuticals\* | 1976 | 51356 |
| &nbsp;&nbsp;&nbsp;Alkermes PLC\* | 2555 | 74018 |
| &nbsp;&nbsp;&nbsp;Catalyst Pharmaceuticals\* | 1765 | 36341 |
| &nbsp;&nbsp;&nbsp;CG oncology\* | 936 | 25104 |
| &nbsp;&nbsp;&nbsp;Chemed | 214 | 98001 |
| &nbsp;&nbsp;&nbsp;CorVel\* | 438 | 39004 |
| &nbsp;&nbsp;&nbsp;Doximity, Cl A\* | 2780 | 188873 |
| &nbsp;&nbsp;&nbsp;Edwards Lifesciences\* | 9367 | 761912 |
| &nbsp;&nbsp;&nbsp;Exelixis\* | 4186 | 156640 |
| &nbsp;&nbsp;&nbsp;IDEXX Laboratories\* | 1269 | 821157 |
| &nbsp;&nbsp;&nbsp;Incyte\* | 2437 | 206195 |
| &nbsp;&nbsp;&nbsp;Inspire Medical Systems\* | 430 | 40287 |
| &nbsp;&nbsp;&nbsp;Insulet\* | 1155 | 392561 |
| &nbsp;&nbsp;&nbsp;Intuitive Surgical\* | 4529 | 2143553 |

---

---

| | | |
|:---|:---|:---|
| Description | Shares | Fair Value |
| **Health Care — continued** | **Health Care — continued** |  |
| &nbsp;&nbsp;&nbsp;Medpace Holdings\* | 372 | $176890 |
| &nbsp;&nbsp;&nbsp;Merck | 26610 | 2238433 |
| &nbsp;&nbsp;&nbsp;Protagonist Therapeutics\* | 938 | 55389 |
| &nbsp;&nbsp;&nbsp;ResMed | 2168 | 595138 |
| &nbsp;&nbsp;&nbsp;Veeva Systems, Cl A\* | 2029 | 546207 |
| &nbsp;&nbsp;&nbsp;Zoetis, Cl A | 6260 | 979064 |
|  |  | 9626123 |
| **Industrials — 12.2%** |  |  |
| &nbsp;&nbsp;&nbsp;Booz Allen Hamilton Holding, Cl A | 1797 | 195370 |
| &nbsp;&nbsp;&nbsp;Cintas | 5410 | 1136262 |
| &nbsp;&nbsp;&nbsp;Copart\* | 13921 | 679484 |
| &nbsp;&nbsp;&nbsp;Enerpac Tool Group, Cl A | 799 | 33830 |
| &nbsp;&nbsp;&nbsp;ExlService Holdings\* | 2402 | 105160 |
| &nbsp;&nbsp;&nbsp;Expeditors International of Washington | 1990 | 239874 |
| &nbsp;&nbsp;&nbsp;Fastenal | 16625 | 825597 |
| &nbsp;&nbsp;&nbsp;Illinois Tool Works | 4102 | 1085594 |
| &nbsp;&nbsp;&nbsp;Lennox International | 481 | 268331 |
| &nbsp;&nbsp;&nbsp;Mueller Industries | 1673 | 160507 |
| &nbsp;&nbsp;&nbsp;Old Dominion Freight Line | 2903 | 438266 |
| &nbsp;&nbsp;&nbsp;Paychex | 4969 | 692952 |
| &nbsp;&nbsp;&nbsp;Rollins | 4636 | 262120 |
| &nbsp;&nbsp;&nbsp;Veralto | 3647 | 387275 |
| &nbsp;&nbsp;&nbsp;Verisk Analytics, Cl A | 2146 | 575385 |
| &nbsp;&nbsp;&nbsp;Watts Water Technologies, Cl A | 491 | 135958 |
| &nbsp;&nbsp;&nbsp;WW Grainger | 668 | 677018 |
|  |  | 7898983 |
| **Information Technology — 30.9%** |  |  |
| &nbsp;&nbsp;&nbsp;Adobe\* | 5213 | 1859477 |
| &nbsp;&nbsp;&nbsp;Appfolio, Cl A\* | 512 | 142019 |
| &nbsp;&nbsp;&nbsp;Apple | 12118 | 2813072 |
| &nbsp;&nbsp;&nbsp;Arista Networks\* | 16177 | 2208969 |
| &nbsp;&nbsp;&nbsp;Badger Meter | 441 | 80668 |
| &nbsp;&nbsp;&nbsp;Clearwater Analytics Holdings, Cl A\* | 3917 | 80964 |
| &nbsp;&nbsp;&nbsp;CommVault Systems\* | 719 | 134198 |
| &nbsp;&nbsp;&nbsp;DocuSign, Cl A\* | 3167 | 242782 |
| &nbsp;&nbsp;&nbsp;Dynatrace\* | 4817 | 243740 |
| &nbsp;&nbsp;&nbsp;HubSpot\* | 833 | 402481 |
| &nbsp;&nbsp;&nbsp;LiveRamp Holdings\* | 1080 | 30154 |
| &nbsp;&nbsp;&nbsp;Manhattan Associates\* | 942 | 202944 |
| &nbsp;&nbsp;&nbsp;Microsoft | 7363 | 3730758 |
| &nbsp;&nbsp;&nbsp;Monolithic Power Systems | 723 | 604254 |
| &nbsp;&nbsp;&nbsp;NVIDIA | 25709 | 4477994 |
| &nbsp;&nbsp;&nbsp;Qualys\* | 570 | 77412 |
| &nbsp;&nbsp;&nbsp;ServiceNow\* | 2755 | 2527602 |
| &nbsp;&nbsp;&nbsp;SPS Commerce\* | 590 | 65077 |
| &nbsp;&nbsp;&nbsp;Ubiquiti | 58 | 30632 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;19955197 |
| Total Common Stock |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $54,992,155) |  | 64430783 |

---

**ETC 6 Meridian**

**Quality Growth ETF**

Schedule of Investments

August 31, 2025 (Unaudited) (Concluded)

---

| | | |
|:---|:---|:---|
| Description | Shares | Fair Value |
| **SHORT-TERM INVESTMENT — 0.4%** | **SHORT-TERM INVESTMENT — 0.4%** | **SHORT-TERM INVESTMENT — 0.4%** |
| &nbsp;&nbsp;&nbsp;&nbsp;Invesco Government & Agency Portfolio, Institutional Class, 4.21%<sup>(A)</sup> | 258792 | $258792 |
| Total Short-Term Investment |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $258,792) |  | 258792 |
| Total Investments - 100.0% |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $55,250,947) |  | $&nbsp;&nbsp;&nbsp;&nbsp;64689575 |

---

Percentages are based on Net Assets of $64,684,409.

†† Industries are utilized for compliance purposes, whereas broad sectors are utilized for reporting. <br> \* Non-income producing security. <br> (A) The rate shown is the 7-day effective yield as of August 31, 2025.

Cl — Class <br> PLC — Public Limited Company

MER-QH-001-1100

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** EXCHANGE TRADED CONCEPTS TRUST

- **b. Investment Company Act file number:** 811-22263

- **c. CIK number of Registrant:** 0001452937

- **d. LEI of Registrant:** 549300TXJW88BSB0KL90

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

  - **Street Address 1:** 10900 HEFNER POINTE DRIVE

  - **City:** OKLAHOMA CITY

  - **State:** OK

  - **Foreign country:** US

  - **Zip / Postal Code:** 73120

  - **Telephone number:** 4057788377

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

- **a. Name of Series:** ETC 6 Meridian Low Beta Equity Strategy ETF

- **b. EDGAR series identifier (if any):** S000068543

- **c. LEI of Series:** 549300JMPISHRRF9IF22

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

- **a. Date of fiscal year-end:** 2025-11-30

- **b. Date as of which information is reported:** 2025-08-31

**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:** $194287564.64

**Total Liabilities:** $98675.04

**Net Assets:** $194188889.60

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000219253 | 3.45%                | -1.31%               | -0.29%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $225742.67               | $5815930.06                                |
| Month 2  | $331490.15               | $-3026403.03                               |
| Month 3  | $0.00                    | $-1038099.66                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| GETTY REALTY CORP.                          | GETTY REALTY CORP REIT                      | CUSIP: 374297109<br>LEI: 2549000P1W5SFJWCNP90 | Long             | EC               |  | US        |     26124 | NS      | $746885.16    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| JOHN B. SANFILIPPO & SON, INC.              | JOHN B. SANFILIPPO & SON INC COMMON STOCK   | CUSIP: 800422107<br>LEI: 5299007IBEYVXKYDUX28 | Long             | EC               |  | US        |     11044 | NS      | $716755.60    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| ARMADA HOFFLER PROPERTIES, INC.             | ARMADA HOFFLER PROPERTIES IN REIT           | CUSIP: 04208T108<br>LEI: 549300WQRSIV6XZT9313 | Long             | EC               |  | US        |     91653 | NS      | $667233.84    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| TYSON FOODS, INCORPORATED                   | TYSON FOODS INC-CL A COMMON STOCK           | CUSIP: 902494103<br>LEI: WD6L6041MNRW1JE49D58 | Long             | EC               |  | US        |     13400 | NS      | $760852.00    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| MARKETAXESS HOLDINGS INC.                   | MARKETAXESS HOLDINGS INC COMMON STOCK       | CUSIP: 57060D108<br>LEI: 5493002U1CA1XJOVID83 | Long             | EC               |  | US        |      3930 | NS      | $722491.20    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| TWO HARBORS INVESTMENT CORP.                | TWO HARBORS INVESTMENT CORP REIT            | CUSIP: 90187B804<br>LEI: 549300ZUIBT6KH4HU823 | Long             | EC               |  | US        |     58478 | NS      | $584780.00    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITIL CORPORATION                          | UNITIL CORP COMMON STOCK                    | CUSIP: 913259107<br>LEI: N/A                  | Long             | EC               |  | US        |     14858 | NS      | $697731.68    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| THE KRAFT HEINZ COMPANY                     | KRAFT HEINZ CO/THE COMMON STOCK             | CUSIP: 500754106<br>LEI: 9845007488EC87F5AF14 | Long             | EC               |  | US        |     25932 | NS      | $725318.04    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| THE PROGRESSIVE CORPORATION                 | PROGRESSIVE CORP COMMON STOCK               | CUSIP: 743315103<br>LEI: 529900TACNVLY9DCR586 | Long             | EC               |  | US        |      2880 | NS      | $711532.80    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| RTX CORPORATION                             | RTX CORPORATION COMMON STOCK                | CUSIP: 75513E101<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | EC               |  | US        |      6322 | NS      | $1002669.20   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| AGREE REALTY CORPORATION                    | AGREE REALTY CORP REIT                      | CUSIP: 008492100<br>LEI: 98450090H010B37OEB68 | Long             | EC               |  | US        |     10819 | NS      | $786974.06    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| COLGATE-PALMOLIVE COMPANY                   | COLGATE-PALMOLIVE CO COMMON STOCK           | CUSIP: 194162103<br>LEI: YMEGZFW4SBUSS5BQXF88 | Long             | EC               |  | US        |      8691 | NS      | $730652.37    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| BELLRING BRANDS, INC.                       | BELLRING BRANDS INC COMMON STOCK            | CUSIP: 07831C103<br>LEI: 549300S3BOK5CMTS8054 | Long             | EC               |  | US        |     11853 | NS      | $486565.65    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| DOLBY LABORATORIES, INC.                    | DOLBY LABORATORIES INC-CL A COMMON STOCK    | CUSIP: 25659T107<br>LEI: 549300X04FB2QPCJ5J24 | Long             | EC               |  | US        |      9832 | NS      | $704757.76    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| ENTERGY CORPORATION                         | ENTERGY CORP COMMON STOCK                   | CUSIP: 29364G103<br>LEI: 4XM3TW50JULSLG8BNC79 | Long             | EC               |  | US        |      9987 | NS      | $879754.83    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| ONE GAS, INC.                               | ONE GAS INC COMMON STOCK                    | CUSIP: 68235P108<br>LEI: 549300HXDWI0LATTX840 | Long             | EC               |  | US        |     11163 | NS      | $853969.50    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| UNIVERSAL HEALTH REALTY INCOME TRUST        | UNIVERSAL HEALTH RLTY INCOME REIT           | CUSIP: 91359E105<br>LEI: 549300L4MWZL4IH6H172 | Long             | EC               |  | US        |     19752 | NS      | $801733.68    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| CHURCH & DWIGHT CO., INC.                   | CHURCH & DWIGHT CO INC COMMON STOCK         | CUSIP: 171340102<br>LEI: POOXSI30AWAQGYJZC921 | Long             | EC               |  | US        |      7315 | NS      | $681465.40    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| VIRTU FINANCIAL, INC.                       | VIRTU FINANCIAL INC-CLASS A COMMON STOCK    | CUSIP: 928254101<br>LEI: 5493001OPW2K42CH3884 | Long             | EC               |  | US        |     22180 | NS      | $929785.60    | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| CENTENE CORPORATION                         | CENTENE CORP COMMON STOCK                   | CUSIP: 15135B101<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | EC               |  | US        |     13643 | NS      | $396192.72    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| MADISON SQUARE GARDEN SPORTS CORP.          | MADISON SQUARE GARDEN SPORTS COMMON STOCK   | CUSIP: 55825T103<br>LEI: N/A                  | Long             | EC               |  | US        |      4086 | NS      | $808374.24    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| NATIONAL FUEL GAS COMPANY                   | NATIONAL FUEL GAS CO COMMON STOCK           | CUSIP: 636180101<br>LEI: 8JB38FFW1Y3C1HM8E841 | Long             | EC               |  | US        |     11023 | NS      | $956135.02    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| ARCHER-DANIELS-MIDLAND COMPANY.             | ARCHER-DANIELS-MIDLAND CO COMMON STOCK      | CUSIP: 039483102<br>LEI: 549300LO13MQ9HYSTR83 | Long             | EC               |  | US        |     16873 | NS      | $1056924.72   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| AMEREN CORPORATION                          | AMEREN CORPORATION COMMON STOCK             | CUSIP: 023608102<br>LEI: XRZQ5S7HYJFPHJ78L959 | Long             | EC               |  | US        |      8345 | NS      | $832664.10    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITEDHEALTH GROUP INCORPORATED             | UNITEDHEALTH GROUP INC COMMON STOCK         | CUSIP: 91324P102<br>LEI: 549300GHBMY8T5GXDE41 | Long             | EC               |  | US        |      1657 | NS      | $513454.59    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| SYSCO CORPORATION                           | SYSCO CORP COMMON STOCK                     | CUSIP: 871829107<br>LEI: 5RGWIFLMGH3YS7KWI652 | Long             | EC               |  | US        |     10798 | NS      | $868915.06    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                         | STIT GOVT & AGENCY INST CLASS INSTITUTIONAL | CUSIP: 825252885<br>LEI: N/A                  | Long             | STIV             |  | US        |    629387 | PA      | $629386.96    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Chubb Limited                               | CHUBB LTD COMMON STOCK                      | CUSIP: H1467J104<br>LEI: E0JAN6VLUDI1HITHT809 | Long             | EC               |  | US        |      2830 | NS      | $778448.10    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| EASTERLY GOVERNMENT PROPERTIES, INC.        | EASTERLY GOVERNMENT PROPERTI REIT           | CUSIP: 27616P301<br>LEI: 549300ERMCEFC6S8HL77 | Long             | EC               |  | US        |     29387 | NS      | $672663.85    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| MCCORMICK & COMPANY, INCORPORATED           | MCCORMICK & CO-NON VTG SHRS COMMON STOCK    | CUSIP: 579780206<br>LEI: 549300JQQA6MQ4OJP259 | Long             | EC               |  | US        |      9908 | NS      | $697225.96    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| MATTEL, INC.                                | MATTEL INC COMMON STOCK                     | CUSIP: 577081102<br>LEI: 549300VELLG24KHTJ564 | Long             | EC               |  | US        |     39238 | NS      | $718055.40    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| BJ'S WHOLESALE CLUB HOLDINGS, INC.          | BJ'S WHOLESALE CLUB HOLDINGS COMMON STOCK   | CUSIP: 05550J101<br>LEI: 549300UCIWH1C93V0J03 | Long             | EC               |  | US        |      7218 | NS      | $705054.24    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| UGI CORPORATION                             | UGI CORP COMMON STOCK                       | CUSIP: 902681105<br>LEI: DX6GCWD4Q1JO9CRE5I40 | Long             | EC               |  | US        |     24699 | NS      | $855573.36    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| DTE ENERGY COMPANY                          | DTE ENERGY COMPANY COMMON STOCK             | CUSIP: 233331107<br>LEI: 549300IX8SD6XXD71I78 | Long             | EC               |  | US        |      6209 | NS      | $848459.85    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Evertec, Inc.                               | EVERTEC INC COMMON STOCK                    | CUSIP: 30040P103<br>LEI: N/A                  | Long             | EC               |  | US        |     21656 | NS      | $772686.08    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| THE COCA-COLA COMPANY                       | COCA-COLA CO/THE COMMON STOCK               | CUSIP: 191216100<br>LEI: UWJKFUJFZ02DKWI3RY53 | Long             | EC               |  | US        |     11512 | NS      | $794212.88    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| COLUMBIA SPORTSWEAR COMPANY                 | COLUMBIA SPORTSWEAR CO COMMON STOCK         | CUSIP: 198516106<br>LEI: 549300OTMCIEUXAH5Z60 | Long             | EC               |  | US        |      9681 | NS      | $539425.32    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| EXELON CORPORATION                          | EXELON CORP COMMON STOCK                    | CUSIP: 30161N101<br>LEI: 3SOUA6IRML7435B56G12 | Long             | EC               |  | US        |     18914 | NS      | $826163.52    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| MARSH & MCLENNAN COMPANIES, INC.            | MARSH & MCLENNAN COS COMMON STOCK           | CUSIP: 571748102<br>LEI: 549300XMP3KDCKJXIU47 | Long             | EC               |  | US        |      3429 | NS      | $705722.49    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| H2O AMERICA                                 | H2O AMERICA COMMON STOCK                    | CUSIP: 784305104<br>LEI: N/A                  | Long             | EC               |  | US        |     14904 | NS      | $750714.48    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| INTERNATIONAL SEAWAYS, INC.                 | INTERNATIONAL SEAWAYS INC COMMON STOCK      | CUSIP: Y41053102<br>LEI: 549300YUFDGFRNGBWF46 | Long             | EC               |  | US        |     23397 | NS      | $1062691.74   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| SUPERNUS PHARMACEUTICALS, INC.              | SUPERNUS PHARMACEUTICALS INC COMMON STOCK   | CUSIP: 868459108<br>LEI: 549300GRM36VBKISYJ58 | Long             | EC               |  | US        |     25486 | NS      | $1149928.32   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| AFLAC INCORPORATED                          | AFLAC INC COMMON STOCK                      | CUSIP: 001055102<br>LEI: 549300N0B7DOGLXWPP39 | Long             | EC               |  | US        |      7508 | NS      | $802304.88    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| COCA-COLA CONSOLIDATED, INC.                | COCA-COLA CONSOLIDATED INC COMMON STOCK     | CUSIP: 191098102<br>LEI: 57VG5X0E00X0QJU7CQ58 | Long             | EC               |  | US        |      6034 | NS      | $707426.16    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| MEDTRONIC PUBLIC LIMITED COMPANY            | MEDTRONIC PLC COMMON STOCK                  | CUSIP: G5960L103<br>LEI: 549300GX3ZBSQWUXY261 | Long             | EC               |  | US        |      8706 | NS      | $808003.86    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| ALEXANDER & BALDWIN, INC.                   | ALEXANDER & BALDWIN INC REIT                | CUSIP: 014491104<br>LEI: N/A                  | Long             | EC               |  | US        |     45695 | NS      | $883741.30    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| JACK HENRY & ASSOCIATES, INC.               | JACK HENRY & ASSOCIATES INC COMMON STOCK    | CUSIP: 426281101<br>LEI: 529900X1QS8C54W0JB21 | Long             | EC               |  | US        |      4419 | NS      | $721445.94    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Altria Group, Inc.                          | ALTRIA GROUP INC COMMON STOCK               | CUSIP: 02209S103<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | EC               |  | US        |     14228 | NS      | $956263.88    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| LIVERAMP HOLDINGS, INC.                     | LIVERAMP HOLDINGS INC COMMON STOCK          | CUSIP: 53815P108<br>LEI: 254900GXS75LG1X7RF88 | Long             | EC               |  | US        |     28548 | NS      | $797060.16    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| ANNALY CAPITAL MANAGEMENT, INC.             | ANNALY CAPITAL MANAGEMENT IN REIT           | CUSIP: 035710839<br>LEI: 2DTL0G3FPRYUT58TI025 | Long             | EC               |  | US        |     38064 | NS      | $806576.16    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| JOHNSON & JOHNSON                           | JOHNSON & JOHNSON COMMON STOCK              | CUSIP: 478160104<br>LEI: 549300G0CFPGEF6X2043 | Long             | EC               |  | US        |      4889 | NS      | $866184.13    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| HCA HEALTHCARE, INC.                        | HCA HEALTHCARE INC COMMON STOCK             | CUSIP: 40412C101<br>LEI: 529900PH4ZGUH2MNEU89 | Long             | EC               |  | US        |      2521 | NS      | $1018383.16   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| SAREPTA THERAPEUTICS, INC.                  | SAREPTA THERAPEUTICS INC COMMON STOCK       | CUSIP: 803607100<br>LEI: 549300IKDPIED8J8IG21 | Long             | EC               |  | US        |      7680 | NS      | $139776.00    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| COPT DEFENSE PROPERTIES                     | COPT DEFENSE PROPERTIES REIT                | CUSIP: 22002T108<br>LEI: YY1J47X6LF9TYY8JY420 | Long             | EC               |  | US        |     30411 | NS      | $875228.58    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| FLOWERS FOODS, INC.                         | FLOWERS FOODS INC COMMON STOCK              | CUSIP: 343498101<br>LEI: 7YNCQQNDK8FBM9BBTK25 | Long             | EC               |  | US        |     43516 | NS      | $654480.64    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| CLEARWAY ENERGY, INC.                       | CLEARWAY ENERGY INC-C COMMON STOCK          | CUSIP: 18539C204<br>LEI: 549300LHAZ9HA9G3XC48 | Long             | EC               |  | US        |     29680 | NS      | $884760.80    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| TREEHOUSE FOODS, INC.                       | TREEHOUSE FOODS INC COMMON STOCK            | CUSIP: 89469A104<br>LEI: 5493007M7EVHE470Q576 | Long             | EC               |  | US        |     26445 | NS      | $485001.30    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERICAN ELECTRIC POWER COMPANY, INC.       | AMERICAN ELECTRIC POWER COMMON STOCK        | CUSIP: 025537101<br>LEI: 1B4S6S7G0TW5EE83BO58 | Long             | EC               |  | US        |      7902 | NS      | $877280.04    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| BLACK HILLS CORPORATION                     | BLACK HILLS CORP COMMON STOCK               | CUSIP: 092113109<br>LEI: 3MGELCRSTNSAMJ962671 | Long             | EC               |  | US        |     13643 | NS      | $815987.83    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| PPL CORPORATION                             | PPL CORP COMMON STOCK                       | CUSIP: 69351T106<br>LEI: 9N3UAJSNOUXFKQLF3V18 | Long             | EC               |  | US        |     23932 | NS      | $872800.04    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| MCDONALD'S CORPORATION                      | MCDONALD'S CORP COMMON STOCK                | CUSIP: 580135101<br>LEI: UE2136O97NLB5BYP9H04 | Long             | EC               |  | US        |      2610 | NS      | $818339.40    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| NNN REIT, INC.                              | NNN REIT INC REIT                           | CUSIP: 637417106<br>LEI: 5493008JKH5SOTI0JS97 | Long             | EC               |  | US        |     18961 | NS      | $813616.51    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| NATIONAL PRESTO INDUSTRIES, INC.            | NATIONAL PRESTO INDS INC COMMON STOCK       | CUSIP: 637215104<br>LEI: N/A                  | Long             | EC               |  | US        |      8777 | NS      | $920005.14    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| FEDERATED HERMES, INC.                      | FEDERATED HERMES INC COMMON STOCK           | CUSIP: 314211103<br>LEI: R05X5UQ874RGFF7HHD84 | Long             | EC               |  | US        |     20811 | NS      | $1105064.10   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| LANTHEUS HOLDINGS, INC.                     | LANTHEUS HOLDINGS INC COMMON STOCK          | CUSIP: 516544103<br>LEI: 5299005HUB5IOJGO7S39 | Long             | EC               |  | US        |      8089 | NS      | $444086.10    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| LOCKHEED MARTIN CORPORATION                 | LOCKHEED MARTIN CORP COMMON STOCK           | CUSIP: 539830109<br>LEI: DPRBOZP0K5RM2YE8UU08 | Long             | EC               |  | US        |      1755 | NS      | $799630.65    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| PINNACLE WEST CAPITAL CORPORATION           | PINNACLE WEST CAPITAL COMMON STOCK          | CUSIP: 723484101<br>LEI: TWSEY0NEDUDCKS27AH81 | Long             | EC               |  | US        |      8933 | NS      | $798252.88    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| DoubleVerify Holdings Inc                   | DOUBLEVERIFY HOLDINGS INC COMMON STOCK      | CUSIP: 25862V105<br>LEI: N/A                  | Long             | EC               |  | US        |     53968 | NS      | $878059.36    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Post Holdings, Inc.                         | POST HOLDINGS INC COMMON STOCK              | CUSIP: 737446104<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | EC               |  | US        |      7087 | NS      | $801894.05    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Edgewell Personal Care Company              | EDGEWELL PERSONAL CARE CO COMMON STOCK      | CUSIP: 28035Q102<br>LEI: 549300CY8QZDL4Z3RU59 | Long             | EC               |  | US        |     25829 | NS      | $620412.58    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| PENUMBRA, INC.                              | PENUMBRA INC COMMON STOCK                   | CUSIP: 70975L107<br>LEI: 549300RGE06P3ECANU72 | Long             | EC               |  | US        |      2915 | NS      | $794745.60    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERICAN TOWER CORPORATION                  | AMERICAN TOWER CORP REIT                    | CUSIP: 03027X100<br>LEI: 5493006ORUSIL88JOE18 | Long             | EC               |  | US        |      3915 | NS      | $798072.75    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Bunge Global SA                             | BUNGE GLOBAL SA COMMON STOCK                | CUSIP: H11356104<br>LEI: 254900IVXSV9K0B7PO26 | Long             | EC               |  | US        |     10860 | NS      | $914629.20    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| SAFETY INSURANCE GROUP, INC.                | SAFETY INSURANCE GROUP INC COMMON STOCK     | CUSIP: 78648T100<br>LEI: 254900LDCFLA3J746840 | Long             | EC               |  | US        |     10699 | NS      | $791832.99    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| CMS ENERGY CORPORATION                      | CMS ENERGY CORP COMMON STOCK                | CUSIP: 125896100<br>LEI: 549300IA9XFBAGNIBW29 | Long             | EC               |  | US        |     11322 | NS      | $810315.54    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| ORGANON & CO.                               | ORGANON & CO COMMON STOCK                   | CUSIP: 68622V106<br>LEI: 549300AMCKY57OK2CO56 | Long             | EC               |  | US        |     54585 | NS      | $514190.70    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| CENCORA, INC.                               | CENCORA INC COMMON STOCK                    | CUSIP: 03073E105<br>LEI: AI8GXW8LG5WK7E9UD086 | Long             | EC               |  | US        |      3101 | NS      | $904282.61    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| PREMIER, INC.                               | PREMIER INC-CLASS A COMMON STOCK            | CUSIP: 74051N102<br>LEI: N/A                  | Long             | EC               |  | US        |     46219 | NS      | $1197072.10   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| ADDUS HOMECARE CORPORATION                  | ADDUS HOMECARE CORP COMMON STOCK            | CUSIP: 006739106<br>LEI: 52990090ZT33AKPDBX62 | Long             | EC               |  | US        |      8508 | NS      | $979866.36    | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| L3HARRIS TECHNOLOGIES, INC.                 | L3HARRIS TECHNOLOGIES INC COMMON STOCK      | CUSIP: 502431109<br>LEI: 549300UTE50ZMDBG8A20 | Long             | EC               |  | US        |      3793 | NS      | $1053012.66   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| GENPACT LIMITED                             | GENPACT LTD COMMON STOCK                    | CUSIP: G3922B107<br>LEI: 529900OSEC6Q0L4L5B35 | Long             | EC               |  | US        |     15901 | NS      | $720951.34    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Energizer Holdings, Inc.                    | ENERGIZER HOLDINGS INC COMMON STOCK         | CUSIP: 29272W109<br>LEI: 5493000D6NN0V57UME20 | Long             | EC               |  | US        |     26796 | NS      | $738497.76    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| UNUM GROUP                                  | UNUM GROUP COMMON STOCK                     | CUSIP: 91529Y106<br>LEI: 549300E32YFDO6TZ8R31 | Long             | EC               |  | US        |     10203 | NS      | $712781.58    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| DYNAVAX TECHNOLOGIES CORPORATION            | DYNAVAX TECHNOLOGIES CORP COMMON STOCK      | CUSIP: 268158201<br>LEI: 549300T5URIXWDILX594 | Long             | EC               |  | US        |     56562 | NS      | $572407.44    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| UNIVERSAL CORPORATION                       | UNIVERSAL CORP/VA COMMON STOCK              | CUSIP: 913456109<br>LEI: 549300BZXZ66F6DTIF20 | Long             | EC               |  | US        |     15087 | NS      | $844117.65    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| THE BOSTON BEER COMPANY, INC.               | BOSTON BEER COMPANY INC-A COMMON STOCK      | CUSIP: 100557107<br>LEI: 529900Q02MQ0DCQNRM58 | Long             | EC               |  | US        |      3474 | NS      | $768066.66    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| ROYAL GOLD, INC.                            | ROYAL GOLD INC COMMON STOCK                 | CUSIP: 780287108<br>LEI: 5493001NGRU6SFL04184 | Long             | EC               |  | US        |      5396 | NS      | $969013.68    | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| ATMOS ENERGY CORPORATION                    | ATMOS ENERGY CORP COMMON STOCK              | CUSIP: 049560105<br>LEI: QVLWEGTD2S8GJMO8D383 | Long             | EC               |  | US        |      5539 | NS      | $920194.07    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| THE HANOVER INSURANCE GROUP, INC.           | HANOVER INSURANCE GROUP INC/ COMMON STOCK   | CUSIP: 410867105<br>LEI: JJYR6MFKFF6CF8DBZ078 | Long             | EC               |  | US        |      4787 | NS      | $830448.76    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| FRESH DEL MONTE PRODUCE INC.                | FRESH DEL MONTE PRODUCE INC COMMON STOCK    | CUSIP: G36738105<br>LEI: 529900I72V9F0FEZR228 | Long             | EC               |  | US        |     26585 | NS      | $964503.80    | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Payoneer Global Inc                         | PAYONEER GLOBAL INC COMMON STOCK            | CUSIP: 70451X104<br>LEI: 984500491C64C70FF033 | Long             | EC               |  | US        |    103855 | NS      | $721792.25    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| CONSOLIDATED EDISON, INC.                   | CONSOLIDATED EDISON INC COMMON STOCK        | CUSIP: 209115104<br>LEI: 54930033SBW53OO8T749 | Long             | EC               |  | US        |      8036 | NS      | $789376.28    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| VERIZON COMMUNICATIONS INC.                 | VERIZON COMMUNICATIONS INC COMMON STOCK     | CUSIP: 92343V104<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | EC               |  | US        |     18335 | NS      | $810957.05    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| MGE ENERGY, INC.                            | MGE ENERGY INC COMMON STOCK                 | CUSIP: 55277P104<br>LEI: N/A                  | Long             | EC               |  | US        |      9125 | NS      | $776993.75    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| DYNATRACE, INC.                             | DYNATRACE INC COMMON STOCK                  | CUSIP: 268150109<br>LEI: 6488T0Z33CE9L61EX904 | Long             | EC               |  | US        |     15137 | NS      | $765932.20    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| AVISTA CORPORATION                          | AVISTA CORP COMMON STOCK                    | CUSIP: 05379B107<br>LEI: Q0IK63NITJD6RJ47SW96 | Long             | EC               |  | US        |     20765 | NS      | $758753.10    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| TOOTSIE ROLL INDUSTRIES, INC.               | TOOTSIE ROLL INDS COMMON STOCK              | CUSIP: 890516107<br>LEI: 529900SBKOV9XX4M4Q35 | Long             | EC               |  | US        |     26012 | NS      | $1045946.94   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| WARNER MUSIC GROUP CORP.                    | WARNER MUSIC GROUP CORP-CL A COMMON STOCK   | CUSIP: 934550203<br>LEI: N/A                  | Long             | EC               |  | US        |     23980 | NS      | $799733.00    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| RYAN SPECIALTY HOLDINGS, INC.               | RYAN SPECIALTY HOLDINGS INC COMMON STOCK    | CUSIP: 78351F107<br>LEI: N/A                  | Long             | EC               |  | US        |     11718 | NS      | $662418.54    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| EXELIXIS, INC.                              | EXELIXIS INC COMMON STOCK                   | CUSIP: 30161Q104<br>LEI: 254900PJQB59O2O95R37 | Long             | EC               |  | US        |     21225 | NS      | $794239.50    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| ABBOTT LABORATORIES                         | ABBOTT LABORATORIES COMMON STOCK            | CUSIP: 002824100<br>LEI: HQD377W2YR662HK5JX27 | Long             | EC               |  | US        |      6001 | NS      | $796092.66    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| THE PROCTER & GAMBLE COMPANY                | PROCTER & GAMBLE CO/THE COMMON STOCK        | CUSIP: 742718109<br>LEI: 2572IBTT8CCZW6AU4141 | Long             | EC               |  | US        |      4643 | NS      | $729136.72    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| RENAISSANCERE HOLDINGS LTD.                 | RENAISSANCERE HOLDINGS LTD COMMON STOCK     | CUSIP: G7496G103<br>LEI: EK6GB9U3U58PDI411C94 | Long             | EC               |  | US        |      3330 | NS      | $809156.70    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| W.P. CAREY INC.                             | WP CAREY INC REIT                           | CUSIP: 92936U109<br>LEI: 54930042CRNE713E3Q67 | Long             | EC               |  | US        |     12678 | NS      | $850693.80    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| CONAGRA BRANDS, INC.                        | CONAGRA BRANDS INC COMMON STOCK             | CUSIP: 205887102<br>LEI: 54930035UDEIH090K650 | Long             | EC               |  | US        |     31220 | NS      | $597238.60    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| OLD REPUBLIC INTERNATIONAL CORPORATION      | OLD REPUBLIC INTL CORP COMMON STOCK         | CUSIP: 680223104<br>LEI: 549300IV6O2YY2A1KH37 | Long             | EC               |  | US        |     21477 | NS      | $858435.69    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| RLI CORP.                                   | RLI CORP COMMON STOCK                       | CUSIP: 749607107<br>LEI: 529900AMTJE5ECN9PS55 | Long             | EC               |  | US        |     10722 | NS      | $726201.06    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| HORMEL FOODS CORPORATION                    | HORMEL FOODS CORP COMMON STOCK              | CUSIP: 440452100<br>LEI: MSD54751OJP1FS2ND863 | Long             | EC               |  | US        |     27966 | NS      | $711455.04    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| WORLD KINECT CORPORATION                    | WORLD KINECT CORP COMMON STOCK              | CUSIP: 981475106<br>LEI: D3W7PCXCBRQLL17DZ313 | Long             | EC               |  | US        |     28682 | NS      | $768964.42    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| THE NEW YORK TIMES COMPANY                  | NEW YORK TIMES CO-A COMMON STOCK            | CUSIP: 650111107<br>LEI: 529900J1WEMMIW7BOH57 | Long             | EC               |  | US        |     17118 | NS      | $1024341.12   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| FIRSTENERGY CORP.                           | FIRSTENERGY CORP COMMON STOCK               | CUSIP: 337932107<br>LEI: 549300SVYJS666PQJH88 | Long             | EC               |  | US        |     21193 | NS      | $924438.66    | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| EQUITY LIFESTYLE PROPERTIES, INC.           | EQUITY LIFESTYLE PROPERTIES REIT            | CUSIP: 29472R108<br>LEI: 529900PEQG66LENB6798 | Long             | EC               |  | US        |     11969 | NS      | $721611.01    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| INGREDION INCORPORATED                      | INGREDION INC COMMON STOCK                  | CUSIP: 457187102<br>LEI: PKSTQ48QDN0XSVS7YK88 | Long             | EC               |  | US        |      6186 | NS      | $801334.44    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| THE SOUTHERN COMPANY                        | SOUTHERN CO/THE COMMON STOCK                | CUSIP: 842587107<br>LEI: 549300FC3G3YU2FBZD92 | Long             | EC               |  | US        |      9138 | NS      | $843437.40    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| LTC PROPERTIES, INC.                        | LTC PROPERTIES INC REIT                     | CUSIP: 502175102<br>LEI: 549300NRZP8IJG2KY677 | Long             | EC               |  | US        |     22680 | NS      | $827820.00    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| SOUTHWEST GAS HOLDINGS, INC.                | SOUTHWEST GAS HOLDINGS INC COMMON STOCK     | CUSIP: 844895102<br>LEI: 254900LKF9EV0CUKNE09 | Long             | EC               |  | US        |     11139 | NS      | $889783.32    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| MERIT MEDICAL SYSTEMS, INC.                 | MERIT MEDICAL SYSTEMS INC COMMON STOCK      | CUSIP: 589889104<br>LEI: 549300OYTY138SP2CE83 | Long             | EC               |  | US        |      7973 | NS      | $721875.42    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| URBAN EDGE PROPERTIES                       | URBAN EDGE PROPERTIES REIT                  | CUSIP: 91704F104<br>LEI: N/A                  | Long             | EC               |  | US        |     40453 | NS      | $836972.57    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| CSG SYSTEMS INTERNATIONAL, INC.             | CSG SYSTEMS INTL INC COMMON STOCK           | CUSIP: 126349109<br>LEI: 549300D7FJZUOHHXUA81 | Long             | EC               |  | US        |     12864 | NS      | $825354.24    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| MIDDLESEX WATER COMPANY                     | MIDDLESEX WATER CO COMMON STOCK             | CUSIP: 596680108<br>LEI: N/A                  | Long             | EC               |  | US        |     13275 | NS      | $710743.50    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| NORTHWESTERN ENERGY GROUP, INC.             | NORTHWESTERN ENERGY GROUP COMMON STOCK      | CUSIP: 668074305<br>LEI: 254900N1WG46G1VMDM34 | Long             | EC               |  | US        |     14729 | NS      | $847064.79    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Mondelez International, Inc.                | MONDELEZ INTERNATIONAL INC-A COMMON STOCK   | CUSIP: 609207105<br>LEI: 549300DV9GIB88LZ5P30 | Long             | EC               |  | US        |     12149 | NS      | $746434.56    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERICAN WATER WORKS COMPANY, INC.          | AMERICAN WATER WORKS CO INC COMMON STOCK    | CUSIP: 030420103<br>LEI: 549300DXHIJQMD5WFW18 | Long             | EC               |  | US        |      5870 | NS      | $842403.70    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| CUBESMART                                   | CUBESMART REIT                              | CUSIP: 229663109<br>LEI: N/A                  | Long             | EC               |  | US        |     19189 | NS      | $785213.88    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| ABBVIE INC.                                 | ABBVIE INC COMMON STOCK                     | CUSIP: 00287Y109<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | EC               |  | US        |      3846 | NS      | $809198.40    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| KIMBERLY-CLARK CORPORATION                  | KIMBERLY-CLARK CORP COMMON STOCK            | CUSIP: 494368103<br>LEI: MP3J6QPYPGN75NVW2S34 | Long             | EC               |  | US        |      5694 | NS      | $735323.16    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| SERVICE CORPORATION INTERNATIONAL           | SERVICE CORP INTERNATIONAL COMMON STOCK     | CUSIP: 817565104<br>LEI: 549300RKVM2ME20JHZ15 | Long             | EC               |  | US        |     10151 | NS      | $804466.75    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| WD-40 COMPANY                               | WD-40 CO COMMON STOCK                       | CUSIP: 929236107<br>LEI: 549300UZHTN0CNKBOB19 | Long             | EC               |  | US        |      3349 | NS      | $723517.96    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERICAN HOMES 4 RENT                       | AMERICAN HOMES 4 RENT- A REIT               | CUSIP: 02665T306<br>LEI: 549300ZJUO7A58PNUW40 | Long             | EC               |  | US        |     22485 | NS      | $805412.70    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| NORTHWEST NATURAL HOLDING COMPANY           | NORTHWEST NATURAL HOLDING CO COMMON STOCK   | CUSIP: 66765N105<br>LEI: 254900PSJL6ZEC8FR782 | Long             | EC               |  | US        |     19579 | NS      | $813115.87    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| ALKERMES PUBLIC LIMITED COMPANY             | ALKERMES PLC COMMON STOCK                   | CUSIP: G01767105<br>LEI: N/A                  | Long             | EC               |  | US        |     23410 | NS      | $678187.70    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| FOUR CORNERS PROPERTY TRUST, INC.           | FOUR CORNERS PROPERTY TRUST REIT            | CUSIP: 35086T109<br>LEI: 549300SVTPZPBDVNER42 | Long             | EC               |  | US        |     28161 | NS      | $729088.29    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| NEW JERSEY RESOURCES CORPORATION            | NEW JERSEY RESOURCES CORP COMMON STOCK      | CUSIP: 646025106<br>LEI: 549300QKBSQBIX4DQ583 | Long             | EC               |  | US        |     17108 | NS      | $809037.32    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| IDACORP, INC.                               | IDACORP INC COMMON STOCK                    | CUSIP: 451107106<br>LEI: N134NUJDWN8UEFA8B673 | Long             | EC               |  | US        |      7212 | NS      | $902221.20    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Philip Morris International Inc.            | PHILIP MORRIS INTERNATIONAL COMMON STOCK    | CUSIP: 718172109<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | EC               |  | US        |      5281 | NS      | $882613.53    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Inspire Medical Systems Inc                 | INSPIRE MEDICAL SYSTEMS INC COMMON STOCK    | CUSIP: 457730109<br>LEI: 549300XQQCQ7HCJKTW25 | Long             | EC               |  | US        |      4632 | NS      | $433972.08    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| CME GROUP INC.                              | CME GROUP INC COMMON STOCK                  | CUSIP: 12572Q105<br>LEI: LCZ7XYGSLJUHFXXNXD88 | Long             | EC               |  | US        |      3191 | NS      | $850433.41    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| INNOVIVA, INC.                              | INNOVIVA INC COMMON STOCK                   | CUSIP: 45781M101<br>LEI: 549300ACOX4QTBES6535 | Long             | EC               |  | US        |     46111 | NS      | $942047.73    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| MURPHY USA INC.                             | MURPHY USA INC COMMON STOCK                 | CUSIP: 626755102<br>LEI: 549300Y081F8XIKQIO72 | Long             | EC               |  | US        |      1805 | NS      | $679582.50    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| QUEST DIAGNOSTICS INCORPORATED              | QUEST DIAGNOSTICS INC COMMON STOCK          | CUSIP: 74834L100<br>LEI: 8MCWUBXQ0WE04KMXBX50 | Long             | EC               |  | US        |      4721 | NS      | $857522.44    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| HORACE MANN EDUCATORS CORPORATION           | HORACE MANN EDUCATORS COMMON STOCK          | CUSIP: 440327104<br>LEI: 254900G5YAV3A2YK8T32 | Long             | EC               |  | US        |     19625 | NS      | $902357.50    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| BECTON, DICKINSON AND COMPANY               | BECTON DICKINSON AND CO COMMON STOCK        | CUSIP: 075887109<br>LEI: ICE2EP6D98PQUILVRZ91 | Long             | EC               |  | US        |      3598 | NS      | $694342.04    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Gaming and Leisure Properties, Inc.         | GAMING AND LEISURE PROPERTIE REIT           | CUSIP: 36467J108<br>LEI: 5493006GWRDBCZYWTM57 | Long             | EC               |  | US        |     16210 | NS      | $778242.10    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| PFIZER INC.                                 | PFIZER INC COMMON STOCK                     | CUSIP: 717081103<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | EC               |  | US        |     30907 | NS      | $765257.32    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| EZCORP, INC.                                | EZCORP INC-CL A COMMON STOCK                | CUSIP: 302301106<br>LEI: 5493003K6PG3ZQ7TUQ63 | Long             | EC               |  | US        |     60801 | NS      | $1013552.67   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| AT&T INC.                                   | AT&T INC COMMON STOCK                       | CUSIP: 00206R102<br>LEI: 549300Z40J86GGSTL398 | Long             | EC               |  | US        |     30345 | NS      | $888805.05    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| MOLINA HEALTHCARE, INC.                     | MOLINA HEALTHCARE INC COMMON STOCK          | CUSIP: 60855R100<br>LEI: 549300NQQCEQ46YHZ591 | Long             | EC               |  | US        |      2499 | NS      | $451894.17    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| THE KROGER CO.                              | KROGER CO COMMON STOCK                      | CUSIP: 501044101<br>LEI: 6CPEOKI6OYJ13Q6O7870 | Long             | EC               |  | US        |     12713 | NS      | $862449.92    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| EMPLOYERS HOLDINGS, INC.                    | EMPLOYERS HOLDINGS INC COMMON STOCK         | CUSIP: 292218104<br>LEI: N/A                  | Long             | EC               |  | US        |     16401 | NS      | $709507.26    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| CBOE GLOBAL MARKETS, INC.                   | CBOE GLOBAL MARKETS INC COMMON STOCK        | CUSIP: 12503M108<br>LEI: 529900RLNSGA90UPEH54 | Long             | EC               |  | US        |      3807 | NS      | $898261.65    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| BRADY CORPORATION                           | BRADY CORPORATION - CL A COMMON STOCK       | CUSIP: 104674106<br>LEI: 549300G2LEQOFQC8GY34 | Long             | EC               |  | US        |     11629 | NS      | $907992.32    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Spire Inc.                                  | SPIRE INC COMMON STOCK                      | CUSIP: 84857L101<br>LEI: 549300NXSY15DRY2R511 | Long             | EC               |  | US        |     10680 | NS      | $818088.00    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| T-MOBILE US, INC.                           | T-MOBILE US INC COMMON STOCK                | CUSIP: 872590104<br>LEI: 549300QHIJYOHPACPG31 | Long             | EC               |  | US        |      3080 | NS      | $776129.20    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| EPR PROPERTIES                              | EPR PROPERTIES REIT                         | CUSIP: 26884U109<br>LEI: 549300YSSXFHMPOWZ492 | Long             | EC               |  | US        |     15360 | NS      | $833280.00    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| TKO GROUP HOLDINGS, INC.                    | TKO GROUP HOLDINGS INC COMMON STOCK         | CUSIP: 87256C101<br>LEI: N/A                  | Long             | EC               |  | US        |      5516 | NS      | $1045612.96   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| KEURIG DR PEPPER INC.                       | KEURIG DR PEPPER INC COMMON STOCK           | CUSIP: 49271V100<br>LEI: DYTQ8KRTKO7Y2BVU5K74 | Long             | EC               |  | US        |     24187 | NS      | $703599.83    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| NISOURCE INC.                               | NISOURCE INC COMMON STOCK                   | CUSIP: 65473P105<br>LEI: 549300D8GOWWH0SJB189 | Long             | EC               |  | US        |     21016 | NS      | $888346.32    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| GENERAL MILLS, INC.                         | GENERAL MILLS INC COMMON STOCK              | CUSIP: 370334104<br>LEI: 2TGYMUGI08PO8X8L6150 | Long             | EC               |  | US        |     13035 | NS      | $643016.55    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| NATIONAL STORAGE AFFILIATES TRUST           | NATIONAL STORAGE AFFILIATES REIT            | CUSIP: 637870106<br>LEI: 529900FS06O8GOYNR108 | Long             | EC               |  | US        |     20927 | NS      | $674477.21    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| HEALTHSTREAM, INC.                          | HEALTHSTREAM INC COMMON STOCK               | CUSIP: 42222N103<br>LEI: 529900OJ88H8635JNH64 | Long             | EC               |  | US        |     24642 | NS      | $691947.36    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| MCKESSON CORPORATION                        | MCKESSON CORP COMMON STOCK                  | CUSIP: 58155Q103<br>LEI: 549300WZWOM80UCFSF54 | Long             | EC               |  | US        |      1264 | NS      | $867912.96    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| PRESTIGE CONSUMER HEALTHCARE INC.           | PRESTIGE CONSUMER HEALTHCARE COMMON STOCK   | CUSIP: 74112D101<br>LEI: N/A                  | Long             | EC               |  | US        |      9311 | NS      | $633520.44    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Dorian LPG Ltd.                             | DORIAN LPG LTD COMMON STOCK                 | CUSIP: Y2106R110<br>LEI: 549300WP1W2WGMC7F395 | Long             | EC               |  | US        |     38639 | NS      | $1235675.22   | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| INNOVATIVE INDUSTRIAL PROPERTIES, INC.      | INNOVATIVE INDUSTRIAL PROPER REIT           | CUSIP: 45781V101<br>LEI: 5493008BQ0545EZXRR30 | Long             | EC               |  | US        |     11148 | NS      | $631645.68    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| THE ENSIGN GROUP, INC.                      | ENSIGN GROUP INC/THE COMMON STOCK           | CUSIP: 29358P101<br>LEI: 5493003K4HEEA8Q0BC72 | Long             | EC               |  | US        |      6289 | NS      | $1080324.42   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITED THERAPEUTICS CORPORATION             | UNITED THERAPEUTICS CORP COMMON STOCK       | CUSIP: 91307C102<br>LEI: 5299005C4HZL4UWROC14 | Long             | EC               |  | US        |      2633 | NS      | $802433.08    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| InterDigital, Inc.                          | INTERDIGITAL INC COMMON STOCK               | CUSIP: 45867G101<br>LEI: 529900HQAUTC3VI47G64 | Long             | EC               |  | US        |      3868 | NS      | $1050974.28   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| HEALTHCARE REALTY TRUST INCORPORATED        | HEALTHCARE REALTY TRUST INC REIT            | CUSIP: 42226K105<br>LEI: 549300L0I14L7I0VLX84 | Long             | EC               |  | US        |     49131 | NS      | $853896.78    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| CALIFORNIA WATER SERVICE GROUP              | CALIFORNIA WATER SERVICE GRP COMMON STOCK   | CUSIP: 130788102<br>LEI: 529900QABDOBU6UVRQ36 | Long             | EC               |  | US        |     17347 | NS      | $814094.71    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| NATIONAL BEVERAGE CORP.                     | NATIONAL BEVERAGE CORP COMMON STOCK         | CUSIP: 635017106<br>LEI: 549300O9MZIQJI8TGV17 | Long             | EC               |  | US        |     19630 | NS      | $825441.50    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| HCI GROUP, INC.                             | HCI GROUP INC COMMON STOCK                  | CUSIP: 40416E103<br>LEI: 549300CZF7EZJH0MPH74 | Long             | EC               |  | US        |      6010 | NS      | $1001927.10   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| VERRA MOBILITY CORPORATION                  | VERRA MOBILITY CORP COMMON STOCK            | CUSIP: 92511U102<br>LEI: 549300XX5EKGLR0M4152 | Long             | EC               |  | US        |     38186 | NS      | $948922.10    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| N-ABLE, INC.                                | N-ABLE INC COMMON STOCK                     | CUSIP: 62878D100<br>LEI: N/A                  | Long             | EC               |  | US        |    108732 | NS      | $876379.92    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| DUKE ENERGY CORPORATION                     | DUKE ENERGY CORP COMMON STOCK               | CUSIP: 26441C204<br>LEI: I1BZKREC126H0VB1BL91 | Long             | EC               |  | US        |      7059 | NS      | $864656.91    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| KEMPER CORPORATION                          | KEMPER CORP COMMON STOCK                    | CUSIP: 488401100<br>LEI: 549300FNI1JKTRY2PV09 | Long             | EC               |  | US        |     12296 | NS      | $659680.40    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| WK KELLOGG CO                               | WK KELLOGG CO COMMON STOCK                  | CUSIP: 92942W107<br>LEI: 529900SWC935GFWUJ804 | Long             | EC               |  | US        |     42576 | NS      | $975841.92    | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| RAYONIER INC.                               | RAYONIER INC REIT                           | CUSIP: 754907103<br>LEI: HGV8VDVNL0W6SF2U9C50 | Long             | EC               |  | US        |     30164 | NS      | $792709.92    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| MAXIMUS, INC.                               | MAXIMUS INC COMMON STOCK                    | CUSIP: 577933104<br>LEI: 549300DQCDS8HJ7QF202 | Long             | EC               |  | US        |     11927 | NS      | $1048621.84   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Evergy, Inc.                                | EVERGY INC COMMON STOCK                     | CUSIP: 30034W106<br>LEI: 549300PGTHDQY6PSUI61 | Long             | EC               |  | US        |     12340 | NS      | $879348.40    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| ASSURED GUARANTY LTD.                       | ASSURED GUARANTY LTD COMMON STOCK           | CUSIP: G0585R106<br>LEI: 549300BBOQUJEPH87M14 | Long             | EC               |  | US        |      9571 | NS      | $786736.20    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| CROWN HOLDINGS, INC.                        | CROWN HOLDINGS INC COMMON STOCK             | CUSIP: 228368106<br>LEI: NYLWZIOY8PUNIT4JOE22 | Long             | EC               |  | US        |      9070 | NS      | $901376.60    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| GILEAD SCIENCES, INC.                       | GILEAD SCIENCES INC COMMON STOCK            | CUSIP: 375558103<br>LEI: 549300WTZWR07K8MNV44 | Long             | EC               |  | US        |      6988 | NS      | $789434.36    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| ENCOMPASS HEALTH CORPORATION                | ENCOMPASS HEALTH CORP COMMON STOCK          | CUSIP: 29261A100<br>LEI: 549300FVRPM9DRQZRG64 | Long             | EC               |  | US        |      8133 | NS      | $990274.08    | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| CENTERSPACE                                 | CENTERSPACE REIT                            | CUSIP: 15202L107<br>LEI: 5493002LG2SH9EEHT720 | Long             | EC               |  | US        |     12522 | NS      | $745059.00    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Northrop Grumman Corporation                | NORTHROP GRUMMAN CORP COMMON STOCK          | CUSIP: 666807102<br>LEI: RIMU48P07456QXSO0R61 | Long             | EC               |  | US        |      1706 | NS      | $1006608.24   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| THE SIMPLY GOOD FOODS COMPANY               | SIMPLY GOOD FOODS CO/THE COMMON STOCK       | CUSIP: 82900L102<br>LEI: N/A                  | Long             | EC               |  | US        |     22705 | NS      | $650044.15    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| WHITESTONE REIT                             | WHITESTONE REIT REIT                        | CUSIP: 966084204<br>LEI: N/A                  | Long             | EC               |  | US        |     59075 | NS      | $777427.00    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| ELME COMMUNITIES                            | ELME COMMUNITIES REIT                       | CUSIP: 939653101<br>LEI: 549300DI34BGS8LVKW95 | Long             | EC               |  | US        |     47376 | NS      | $809182.08    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| VICI PROPERTIES INC.                        | VICI PROPERTIES INC REIT                    | CUSIP: 925652109<br>LEI: 254900RKH6RY9KCJQH63 | Long             | EC               |  | US        |     25370 | NS      | $856998.60    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| THE WENDY'S COMPANY                         | WENDY'S CO/THE COMMON STOCK                 | CUSIP: 95058W100<br>LEI: 529900M0JIUCMWVKHG76 | Long             | EC               |  | US        |     53506 | NS      | $567698.66    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Pepsico, Inc.                               | PEPSICO INC COMMON STOCK                    | CUSIP: 713448108<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | EC               |  | US        |      5246 | NS      | $779817.90    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| KENVUE INC.                                 | KENVUE INC COMMON STOCK                     | CUSIP: 49177J102<br>LEI: 5493008HSF8L4M2LIJ82 | Long             | EC               |  | US        |     34991 | NS      | $724663.61    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| PILGRIM'S PRIDE CORPORATION                 | PILGRIM'S PRIDE CORP COMMON STOCK           | CUSIP: 72147K108<br>LEI: 549300ZSLGV64ZL3HD75 | Long             | EC               |  | US        |     15416 | NS      | $685241.20    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| REGENCY CENTERS CORPORATION                 | REGENCY CENTERS CORP REIT                   | CUSIP: 758849103<br>LEI: 529900053A7X7FJ97S58 | Long             | EC               |  | US        |     10895 | NS      | $789887.50    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERICAN STATES WATER COMPANY               | AMERICAN STATES WATER CO COMMON STOCK       | CUSIP: 029899101<br>LEI: 529900L26LIS2V8PWM23 | Long             | EC               |  | US        |     10396 | NS      | $774813.88    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERICAN FINANCIAL GROUP, INC.              | AMERICAN FINANCIAL GROUP INC COMMON STOCK   | CUSIP: 025932104<br>LEI: 549300AFOM7IVKIU1G39 | Long             | EC               |  | US        |      6336 | NS      | $860808.96    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| W. R. BERKLEY CORPORATION                   | WR BERKLEY CORP COMMON STOCK                | CUSIP: 084423102<br>LEI: SQOAGCLKBDWNVYV1OV80 | Long             | EC               |  | US        |     13045 | NS      | $935196.05    | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Doximity Inc                                | DOXIMITY INC-CLASS A COMMON STOCK           | CUSIP: 26622P107<br>LEI: N/A                  | Long             | EC               |  | US        |     12293 | NS      | $835186.42    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| STURM, RUGER & COMPANY, INC.                | STURM RUGER & CO INC COMMON STOCK           | CUSIP: 864159108<br>LEI: 529900DV1BWFJSHFO847 | Long             | EC               |  | US        |     20258 | NS      | $702344.86    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| BRIXMOR PROPERTY GROUP INC.                 | BRIXMOR PROPERTY GROUP INC REIT             | CUSIP: 11120U105<br>LEI: 5299007UXW6Y0W2EGZ95 | Long             | EC               |  | US        |     30345 | NS      | $849356.55    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| THE MARZETTI COMPANY                        | MARZETTI COMPANY/THE COMMON STOCK           | CUSIP: 513847103<br>LEI: 529900X4O13HED1ZAS58 | Long             | EC               |  | US        |      4224 | NS      | $771302.40    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Willis Towers Watson Public Limited Company | WILLIS TOWERS WATSON PLC COMMON STOCK       | CUSIP: G96629103<br>LEI: 549300WHC56FF48KL350 | Long             | EC               |  | US        |      2450 | NS      | $800635.50    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Collegium Pharmaceutical, Inc.              | COLLEGIUM PHARMACEUTICAL INC COMMON STOCK   | CUSIP: 19459J104<br>LEI: 54930049FXZMTLW8D496 | Long             | EC               |  | US        |     27219 | NS      | $1056097.20   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| EXXON MOBIL CORPORATION                     | EXXON MOBIL CORP COMMON STOCK               | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               |  | US        |      7537 | NS      | $861403.73    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Essential Utilities, Inc.                   | ESSENTIAL UTILITIES INC COMMON STOCK        | CUSIP: 29670G102<br>LEI: 549300ILTEOF3E3QY357 | Long             | EC               |  | US        |     21091 | NS      | $833305.41    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| THE ALLSTATE CORPORATION                    | ALLSTATE CORP COMMON STOCK                  | CUSIP: 020002101<br>LEI: OBT0W1ED8G0NWVOLOJ77 | Long             | EC               |  | US        |      4105 | NS      | $835162.25    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| ALBERTSONS COMPANIES, INC.                  | ALBERTSONS COS INC - CLASS A COMMON STOCK   | CUSIP: 013091103<br>LEI: 549300YKWOC0AOR16R51 | Long             | EC               |  | US        |     46566 | NS      | $906174.36    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERISAFE, INC                              | AMERISAFE INC COMMON STOCK                  | CUSIP: 03071H100<br>LEI: 2549002B4EXPBLGMNN22 | Long             | EC               |  | US        |     15926 | NS      | $735462.68    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Tanger Inc.                                 | TANGER INC REIT                             | CUSIP: 875465106<br>LEI: UKEW8YSXE4Y581KYOL30 | Long             | EC               |  | US        |     23762 | NS      | $812185.16    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| ALLIANT ENERGY CORPORATION                  | ALLIANT ENERGY CORP COMMON STOCK            | CUSIP: 018802108<br>LEI: 5493009ML300G373MZ12 | Long             | EC               |  | US        |     13039 | NS      | $848447.73    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| THE CIGNA GROUP                             | THE CIGNA GROUP COMMON STOCK                | CUSIP: 125523100<br>LEI: 549300VIWYMSIGT1U456 | Long             | EC               |  | US        |      2568 | NS      | $772634.16    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| SPARTANNASH COMPANY                         | SPARTANNASH CO COMMON STOCK                 | CUSIP: 847215100<br>LEI: 549300TV3QCCSQLF5X16 | Long             | EC               |  | US        |     40821 | NS      | $1094002.80   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| HOLOGIC, INC.                               | HOLOGIC INC COMMON STOCK                    | CUSIP: 436440101<br>LEI: 549300DYP6F5ZJL0LB74 | Long             | EC               |  | US        |     12978 | NS      | $871083.36    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| CHEMED CORPORATION                          | CHEMED CORP COMMON STOCK                    | CUSIP: 16359R103<br>LEI: 54930020031IDJT2IM79 | Long             | EC               |  | US        |      1362 | NS      | $623727.90    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| SABRA HEALTH CARE REIT, INC.                | SABRA HEALTH CARE REIT INC REIT             | CUSIP: 78573L106<br>LEI: 549300E3BC7GU7TAZ621 | Long             | EC               |  | US        |     48952 | NS      | $935472.72    | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| CAL-MAINE FOODS, INC.                       | CAL-MAINE FOODS INC COMMON STOCK            | CUSIP: 128030202<br>LEI: 549300NHE5WMIEIEMF53 | Long             | EC               |  | US        |      9809 | NS      | $1134312.76   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| NEUROCRINE BIOSCIENCES, INC.                | NEUROCRINE BIOSCIENCES INC COMMON STOCK     | CUSIP: 64125C109<br>LEI: 549300FECER0XBN49756 | Long             | EC               |  | US        |      7197 | NS      | $1004701.20   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| OGE ENERGY CORP.                            | OGE ENERGY CORP COMMON STOCK                | CUSIP: 670837103<br>LEI: CE5OG6JPOZMDSA0LAQ19 | Long             | EC               |  | US        |     18414 | NS      | $822369.24    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| CACI INTERNATIONAL INC.                     | CACI INTERNATIONAL INC -CL A COMMON STOCK   | CUSIP: 127190304<br>LEI: SYRPI2D1O9WRTS2WX210 | Long             | EC               |  | US        |      2255 | NS      | $1081768.60   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| WEC ENERGY GROUP INC.                       | WEC ENERGY GROUP INC COMMON STOCK           | CUSIP: 92939U106<br>LEI: 549300IGLYTZUK3PVP70 | Long             | EC               |  | US        |      7812 | NS      | $832056.12    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| APTARGROUP, INC.                            | APTARGROUP INC COMMON STOCK                 | CUSIP: 038336103<br>LEI: VNPEQDQFAA7IY1T2PX43 | Long             | EC               |  | US        |      5362 | NS      | $746765.74    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| FTI CONSULTING, INC.                        | FTI CONSULTING INC COMMON STOCK             | CUSIP: 302941109<br>LEI: 549300K17GM8EQD0FQ48 | Long             | EC               |  | US        |      4807 | NS      | $810652.48    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| SAUL CENTERS, INC.                          | SAUL CENTERS INC REIT                       | CUSIP: 804395101<br>LEI: N/A                  | Long             | EC               |  | US        |     22479 | NS      | $768107.43    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| MONARCH CASINO & RESORT, INC.               | MONARCH CASINO & RESORT INC COMMON STOCK    | CUSIP: 609027107<br>LEI: 549300AK5FF7KY11V997 | Long             | EC               |  | US        |      9243 | NS      | $964322.19    | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| BIOMARIN PHARMACEUTICAL INC.                | BIOMARIN PHARMACEUTICAL INC COMMON STOCK    | CUSIP: 09061G101<br>LEI: NSLL8ITTRR0J5HEMR848 | Long             | EC               |  | US        |     11388 | NS      | $663578.76    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| PROGRESS SOFTWARE CORPORATION               | PROGRESS SOFTWARE CORP COMMON STOCK         | CUSIP: 743312100<br>LEI: 549300R65B3JG6972S24 | Long             | EC               |  | US        |     14582 | NS      | $675000.78    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| CHESAPEAKE UTILITIES CORPORATION            | CHESAPEAKE UTILITIES CORP COMMON STOCK      | CUSIP: 165303108<br>LEI: 254900WW0FDCKAOCKE74 | Long             | EC               |  | US        |      6374 | NS      | $787698.92    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| SELECTIVE INSURANCE GROUP, INC.             | SELECTIVE INSURANCE GROUP COMMON STOCK      | CUSIP: 816300107<br>LEI: 549300R3WGJWLE40R258 | Long             | EC               |  | US        |      9442 | NS      | $738647.66    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| VERIS RESIDENTIAL, INC.                     | VERIS RESIDENTIAL INC REIT                  | CUSIP: 554489104<br>LEI: 254900KTVBRYJCQU2J23 | Long             | EC               |  | US        |     49067 | NS      | $771823.91    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| BOX, INC.                                   | BOX INC - CLASS A COMMON STOCK              | CUSIP: 10316T104<br>LEI: 549300KQUCPD8687YS68 | Long             | EC               |  | US        |     25218 | NS      | $822863.34    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| J & J SNACK FOODS CORP.                     | J & J SNACK FOODS CORP COMMON STOCK         | CUSIP: 466032109<br>LEI: 894500IGP1Y2ZQFQMJ83 | Long             | EC               |  | US        |      5879 | NS      | $655920.03    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| THE WESTERN UNION COMPANY                   | WESTERN UNION CO COMMON STOCK               | CUSIP: 959802109<br>LEI: 28ID94QU1140NC23S047 | Long             | EC               |  | US        |     73336 | NS      | $635823.12    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| VERISK ANALYTICS, INC.                      | VERISK ANALYTICS INC COMMON STOCK           | CUSIP: 92345Y106<br>LEI: 549300I1YSWNIRKBWP67 | Long             | EC               |  | US        |      2745 | NS      | $735989.40    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| TETRA TECH, INC.                            | TETRA TECH INC COMMON STOCK                 | CUSIP: 88162G103<br>LEI: 549300UJ1LP7JGJC5P32 | Long             | EC               |  | US        |     28387 | NS      | $1033854.54   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Protagonist Therapeutics Inc                | PROTAGONIST THERAPEUTICS INC COMMON STOCK   | CUSIP: 74366E102<br>LEI: N/A                  | Long             | EC               |  | US        |     18397 | NS      | $1086342.85   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| FIRST INDUSTRIAL REALTY TRUST, INC.         | FIRST INDUSTRIAL REALTY TR REIT             | CUSIP: 32054K103<br>LEI: N/A                  | Long             | EC               |  | US        |     14071 | NS      | $740134.60    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| OMNICELL, INC.                              | OMNICELL INC COMMON STOCK                   | CUSIP: 68213N109<br>LEI: 5493008RH0GTKHHPZI77 | Long             | EC               |  | US        |     21780 | NS      | $709810.20    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| RB Global Inc                               | RB GLOBAL INC COMMON STOCK                  | CUSIP: 74935Q107<br>LEI: 5493002H8U24DJXQ4886 | Long             | EC               |  | US        |      8134 | NS      | $931668.36    | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| JAZZ PHARMACEUTICALS PUBLIC LIMITED COMPANY | JAZZ PHARMACEUTICALS PLC COMMON STOCK       | CUSIP: G50871105<br>LEI: 635400GAUMJCLEZRRV50 | Long             | EC               |  | US        |      5942 | NS      | $759090.50    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| ALLETE, INC.                                | ALLETE INC COMMON STOCK                     | CUSIP: 018522300<br>LEI: 549300NNLSIMY6Z8OT86 | Long             | EC               |  | US        |     12418 | NS      | $796614.70    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| MID-AMERICA APARTMENT COMMUNITIES, INC.     | MID-AMERICA APARTMENT COMM REIT             | CUSIP: 59522J103<br>LEI: 549300FQZKFR5YNSHZ21 | Long             | EC               |  | US        |      4862 | NS      | $708976.84    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-08-31

**Name of Applicant:** EXCHANGE TRADED CONCEPTS TRUST

**Signature:** Dennis Lowenfels

**Name of Signer:** Dennis Lowenfels

**Title:** CCO