# EDGAR Filing Document

**Accession Number:** 0001518042
**File Stem:** 0000910472-25-006184
**Filing Date:** 2025-12
**Character Count:** 95070
**Document Hash:** 2f2054736d43b9864103914ec2ba1fc6
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-25-006184.hdr.sgml**: 20251229

**ACCESSION NUMBER**: 0000910472-25-006184

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251031

**FILED AS OF DATE**: 20251229

**DATE AS OF CHANGE**: 20251229

**PERIOD START**: 20251031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** NORTHERN LIGHTS FUND TRUST II
- **CENTRAL INDEX KEY:** 0001518042

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22549
- **FILM NUMBER:** 251606207

**BUSINESS ADDRESS:**
- **STREET 1:** 225 PICTORIA DRIVE
- **STREET 2:** SUITE 450
- **CITY:** CINCINNATI
- **STATE:** OH
- **ZIP:** 45246
- **BUSINESS PHONE:** 631-470-2600

**MAIL ADDRESS:**
- **STREET 1:** 4221 NORTH 203RD STREET, SUITE 100
- **CITY:** ELKHORN
- **STATE:** NE
- **ZIP:** 68022

## Series and Classes Contracts Data

### Invenomic Fund (Series ID: S000057713)

| Class ID   | Class Name                                      | Ticker Symbol   |
|:---|:---|:---|
| C000186112 | Invenomic Fund Institutional Class shares       | BIVIX           |
| C000186113 | Invenomic Fund Investor Class shares            | BIVRX           |
| C000211283 | Invenomic Fund Super Institutional Class shares | BIVSX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** NORTHERN LIGHTS FUND TRUST II

- **b. Investment Company Act file number:** 811-22549

- **c. CIK number of Registrant:** 0001518042

- **d. LEI of Registrant:** 549300TH7YXW5G2QY588

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

  - **Street Address 1:** 225 PICTORIA DRIVE

  - **City:** CINCINNATI

  - **State:** OH

  - **Foreign country:** US

  - **Zip / Postal Code:** 45246

  - **Telephone number:** 631-470-2600

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

- **a. Name of Series:** Invenomic Fund

- **b. EDGAR series identifier (if any):** S000057713

- **c. LEI of Series:** 549300WBCPRL59QG8F92

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

- **a. Date of fiscal year-end:** 2025-10-31

- **b. Date as of which information is reported:** 2025-10-31

**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:** $1834008759.84

**Total Liabilities:** $894922977.51

**Net Assets:** $939085782.33

**Cash Not Reported:** $716188466.02

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000186113 | 9.29%                | -5.70%               | -7.17%               |
| Class ID C000186112 | 9.26%                | -5.63%               | -7.19%               |
| Class ID C000211283 | 9.36%                | -5.65%               | -7.13%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $15233955.31             | $70579835.45                               |
| Month 2  | $10228645.68             | $-71667889.11                              |
| Month 3  | $3436262.91              | $-78351664.39                              |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| QuantumScape Corporation                    | QUANTUMSCAPE COR          | CUSIP: 74767V109<br>LEI: N/A                  | Short            | EC               | CORP              | US        |    -60028 | NS      | $-1106916.32  | -0.12%            |  |  |  | No            |                  1 | On Loan: No      |
| Ecovyst Inc                                 | ECOVYST INC               | CUSIP: 27923Q109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    890065 | NS      | $7289632.35   | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Kornit Digital Limited                      | KORNIT DIGITAL L          | CUSIP: M6372Q113<br>LEI: 5299006DPCQWP3VTFK34 | Long             | EC               | CORP              | IL        |    339477 | NS      | $4582939.50   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Central Garden & Pet Company                | CENTRAL GARDEN-A          | CUSIP: 153527205<br>LEI: 5493004DVZLD37DJ0H83 | Long             | EC               | CORP              | US        |    178701 | NS      | $4969674.81   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| ABM Industries Inc.                         | ABM INDUSTRIES            | CUSIP: 000957100<br>LEI: QF02R89VEIOROM77J447 | Long             | EC               | CORP              | US        |    288064 | NS      | $12386752.00  | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Stepan Co                                   | STEPAN CO                 | CUSIP: 858586100<br>LEI: IZU1EW9GB3WC7CYCSR17 | Long             | EC               | CORP              | US        |     84055 | NS      | $3643784.25   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Astera Labs Inc                             | ASTERA LABS INC           | CUSIP: 04626A103<br>LEI: N/A                  | Short            | EC               | CORP              | US        |    -14586 | NS      | $-2722914.48  | -0.29%            |  |  |  | No            |                  1 | On Loan: No      |
| United Parks & Resorts Inc                  | UNITED PARKS & R          | CUSIP: 81282V100<br>LEI: 529900G0H4NV3IIK3269 | Long             | EC               | CORP              | US        |     19859 | NS      | $961175.60    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Rambus Inc.                                 | RAMBUS INC                | CUSIP: 750917106<br>LEI: 2549000211GDCQSLV833 | Short            | EC               | CORP              | US        |     -5221 | NS      | $-536927.64   | -0.06%            |  |  |  | No            |                  1 | On Loan: No      |
| Paypal Holdings Inc.                        | PAYPAL HOLDINGS           | CUSIP: 70450Y103<br>LEI: 5493005X2GO78EFZ3E94 | Long             | EC               | CORP              | US        |    156538 | NS      | $10843387.26  | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Brunello Cucinelli S.p.A.                   | BRUNELLO CUCINEL          | CUSIP: T2R05S109<br>LEI: 5493003CX2RZ0FOBH256 | Short            | EC               | CORP              | IT        |     -9240 | NS      | $-934544.78   | -0.10%            |  |  |  | No            |                  1 | On Loan: No      |
| CleanSpark Inc.                             | CLEANSPARK INC            | CUSIP: 18452B209<br>LEI: 254900VO7KBRJQDGY810 | Short            | EC               | CORP              | US        |   -154861 | NS      | $-2756525.80  | -0.29%            |  |  |  | No            |                  1 | On Loan: No      |
| Kadant Inc                                  | KADANT INC                | CUSIP: 48282T104<br>LEI: 549300K06LNJYBMPYP15 | Short            | EC               | CORP              | US        |    -39245 | NS      | $-10857521.70 | -1.16%            |  |  |  | No            |                  1 | On Loan: No      |
| Riskified Ltd.                              | RISKIFIED LTD-A           | CUSIP: M8216R109<br>LEI: 894500GU19M0O0BYWM49 | Long             | EC               | CORP              | IL        |    105433 | NS      | $498698.09    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| American Axle & Manufacturing Holdings Inc. | AMER AXLE & MFG           | CUSIP: 024061103<br>LEI: 254900SMQY98VFKNCC32 | Long             | EC               | CORP              | US        |    483563 | NS      | $2998090.60   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Ingram Micro Holding Corporation            | INGRAM MICRO HOL          | CUSIP: 457152106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    433864 | NS      | $9961517.44   | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| CoreWeave Inc.                              | COREWEAVE I-CL A          | CUSIP: 21873S108<br>LEI: 984500511DP2B6186053 | Short            | EC               | CORP              | US        |    -45000 | NS      | $-6016950.00  | -0.64%            |  |  |  | No            |                  1 | On Loan: No      |
| Vestis Corp.                                | VESTIS CORP               | CUSIP: 29430C102<br>LEI: 254900QDW0TA2TMFAP59 | Long             | EC               | CORP              | US        |    598539 | NS      | $3142329.75   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Cameco Corporation                          | CAMECO CORP               | CUSIP: 13321L108<br>LEI: N4BHALMXL3GMZKCUON55 | Short            | EC               | CORP              | CA        |    -10569 | NS      | $-1080257.49  | -0.12%            |  |  |  | No            |                  1 | On Loan: No      |
| Constellation Energy Corp.                  | CONSTELLATION EN          | CUSIP: 21037T109<br>LEI: 549300F8Y20RYGNGV346 | Short            | EC               | CORP              | US        |     -1554 | NS      | $-585858.00   | -0.06%            |  |  |  | No            |                  1 | On Loan: No      |
| Ashland Inc.                                | ASHLAND INC               | CUSIP: 044186104<br>LEI: 529900E4L9R04SB8HB11 | Long             | EC               | CORP              | US        |     70105 | NS      | $3428134.50   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                         | AZO US 03/20/26 P3800     | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | N/A       |        40 | NC      | $1230600.00   | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                         | ORLY US 02/20/26 P95      | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | N/A       |       406 | NC      | $215180.00    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Six Flags Entertainment Corp.               | SIX FLAGS ENTERT          | CUSIP: 83001C108<br>LEI: 529900AS2CYWYFHRS781 | Long             | EC               | CORP              | US        |    814921 | NS      | $18726884.58  | 1.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Sitime Corporation                          | SITIME CORP               | CUSIP: 82982T106<br>LEI: N/A                  | Short            | EC               | CORP              | US        |     -1789 | NS      | $-518165.96   | -0.06%            |  |  |  | No            |                  1 | On Loan: No      |
| Bristow Group Inc                           | BRISTOW GROUP IN          | CUSIP: 11040G103<br>LEI: 5493005Q24EN3UC1PV68 | Long             | EC               | CORP              | US        |    104428 | NS      | $4250219.60   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Ovintiv Inc                                 | OVINTIV INC               | CUSIP: 69047Q102<br>LEI: 2549003MEX7YMKLGI239 | Long             | EC               | CORP              | US        |     75308 | NS      | $2824803.08   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Bentley Systems Incorporated                | BENTLEY SYSTEM-B          | CUSIP: 08265T208<br>LEI: 549300WVEHPGE0Z56F71 | Short            | EC               | CORP              | US        |    -18805 | NS      | $-955858.15   | -0.10%            |  |  |  | No            |                  1 | On Loan: No      |
| Verizon Communications Inc.                 | VERIZON COMMUNIC          | CUSIP: 92343V104<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | EC               | CORP              | US        |    122759 | NS      | $4878442.66   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                         | SPY US 10/31/25 P575      | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | N/A       |       593 | NC      | $593.00       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Fiverr International Ltd                    | FIVERR INTERNATI          | CUSIP: M4R82T106<br>LEI: 549300Z8OREY6THCPF67 | Long             | EC               | CORP              | IL        |    385591 | NS      | $8729780.24   | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| 8X8 Inc.                                    | 8X8 INC                   | CUSIP: 282914100<br>LEI: 254900XWSOC5U1BRW939 | Long             | EC               | CORP              | US        |   2489282 | NS      | $4580278.88   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Snap Inc                                    | SNAP INC - A              | CUSIP: 83304A106<br>LEI: 549300JNC0L6VP8A2Q35 | Long             | EC               | CORP              | US        |    735176 | NS      | $5734372.80   | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Ubiquiti Inc                                | UBIQUITI INC              | CUSIP: 90353W103<br>LEI: N/A                  | Short            | EC               | CORP              | US        |    -15094 | NS      | $-11881694.92 | -1.27%            |  |  |  | No            |                  1 | On Loan: No      |
| Seagate Technology Holdings PLC             | SEAGATE TECHNOLO          | CUSIP: G7997R103<br>LEI: 635400RUXIFEZSRU8X70 | Short            | EC               | CORP              | IE        |    -13765 | NS      | $-3522188.20  | -0.38%            |  |  |  | No            |                  1 | On Loan: No      |
| Lattice Semiconductor Corporation           | LATTICE SEMICOND          | CUSIP: 518415104<br>LEI: 549300LRBBPZDQ2II567 | Short            | EC               | CORP              | US        |    -26615 | NS      | $-1941830.40  | -0.21%            |  |  |  | No            |                  1 | On Loan: No      |
| PENN Entertainment Inc                      | PENN ENTERTAINME          | CUSIP: 707569109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1236436 | NS      | $20351736.56  | 2.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Reddit Inc                                  | REDDIT INC-A              | CUSIP: 75734B100<br>LEI: N/A                  | Short            | EC               | CORP              | US        |    -32058 | NS      | $-6698519.10  | -0.71%            |  |  |  | No            |                  1 | On Loan: No      |
| Galaxy Digital Inc.                         | GALAXY DIGITAL I          | CUSIP: 36317J209<br>LEI: 9845001C4070E5N07806 | Short            | EC               | CORP              | US        |    -44258 | NS      | $-1548738.11  | -0.16%            |  |  |  | No            |                  1 | On Loan: No      |
| UiPath Inc.                                 | UIPATH INC -CL A          | CUSIP: 90364P105<br>LEI: 5493000YP61KBELDHT53 | Long             | EC               | CORP              | US        |    863998 | NS      | $13703008.28  | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| IREN Ltd.                                   | IREN LTD                  | CUSIP: Q4982L109<br>LEI: 254900FZF02RB3NNGB71 | Short            | EC               | CORP              | AU        |    -71344 | NS      | $-4334148.00  | -0.46%            |  |  |  | No            |                  1 | On Loan: No      |
| Bloom Energy Corporation                    | BLOOM ENERGY C-A          | CUSIP: 093712107<br>LEI: 549300XB5J9BFW5JXV97 | Short            | EC               | CORP              | US        |    -28992 | NS      | $-3831582.72  | -0.41%            |  |  |  | No            |                  1 | On Loan: No      |
| Caleres Inc                                 | CALERES INC               | CUSIP: 129500104<br>LEI: JFU6RQQJ8Z1CPOLBXQ18 | Long             | EC               | CORP              | US        |    740295 | NS      | $8172856.80   | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Lightspeed Commerce Inc                     | LIGHTSPEED COMME          | CUSIP: 53229C107<br>LEI: 254900T8MDWRTGMFZ257 | Long             | EC               | CORP              | CA        |    304206 | NS      | $3650472.00   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| A-Mark Precious Metals Inc.                 | A-MARK PRECIOUS METALS IN | CUSIP: 00181T107<br>LEI: XP6XYFDZQGKLUMOFGT37 | Long             | EC               | CORP              | US        |    242698 | NS      | $6450912.84   | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Priority Technology Holdings Inc.           | PRIORITY TECHNOL          | CUSIP: 74275G107<br>LEI: 549300ZS6DXD7ROBKB40 | Long             | EC               | CORP              | US        |    264530 | NS      | $1841128.80   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| AST SpaceMobile Inc.                        | AST SPACEMOBILE           | CUSIP: 00217D100<br>LEI: 254900MBSC9P2UCI6623 | Short            | EC               | CORP              | US        |   -175077 | NS      | $-14049929.25 | -1.50%            |  |  |  | No            |                  1 | On Loan: No      |
| Sterling Infrastructure Inc                 | STERLING INFRAST          | CUSIP: 859241101<br>LEI: 549300RZIK6K1215XU51 | Short            | EC               | CORP              | US        |     -8461 | NS      | $-3197411.90  | -0.34%            |  |  |  | No            |                  1 | On Loan: No      |
| Installed Building Products Inc             | INSTALLED BUILDI          | CUSIP: 45780R101<br>LEI: 549300I95Y9P9YM5FI86 | Short            | EC               | CORP              | US        |    -70423 | NS      | $-17481101.29 | -1.86%            |  |  |  | No            |                  1 | On Loan: No      |
| Amer Sports Inc.                            | AMER SPORTS INC           | CUSIP: G0260P102<br>LEI: 391200YCSWTRD1J21867 | Short            | EC               | CORP              | KY        |   -269690 | NS      | $-8422418.70  | -0.90%            |  |  |  | No            |                  1 | On Loan: No      |
| Equinox Gold Corp                           | EQUINOX GOLD COR          | CUSIP: 29446Y502<br>LEI: 5493005IN4V1SNP9PN75 | Long             | EC               | CORP              | CA        |   1411108 | NS      | $15479854.76  | 1.65%             |  |  |  | No            |                  1 | On Loan: No      |
| PVH Corp.                                   | PVH CORP                  | CUSIP: 693656100<br>LEI: 123WALMHY1GZXG2YDL90 | Long             | EC               | CORP              | US        |    234627 | NS      | $18378332.91  | 1.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Samsara Inc                                 | SAMSARA INC-CL A          | CUSIP: 79589L106<br>LEI: N/A                  | Short            | EC               | CORP              | US        |    -24178 | NS      | $-971230.26   | -0.10%            |  |  |  | No            |                  1 | On Loan: No      |
| Hugo Boss AG                                | HUGO BOSS AG              | CUSIP: D34902102<br>LEI: 529900LFVU534EBRXD13 | Long             | EC               | CORP              | DE        |     21446 | NS      | $950546.05    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Clarivate PLC                               | CLARIVATE PLC             | CUSIP: G21810109<br>LEI: 549300WDHIIODXFO0R55 | Long             | EC               | CORP              | JE        |   4136904 | NS      | $14065473.60  | 1.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Williams-Sonoma Inc.                        | WILLIAMS-SONOMA           | CUSIP: 969904101<br>LEI: 549300IARG6YWVTZ1I92 | Short            | EC               | CORP              | US        |    -89957 | NS      | $-17482243.38 | -1.86%            |  |  |  | No            |                  1 | On Loan: No      |
| Heico Corp                                  | HEICO CORP                | CUSIP: 422806109<br>LEI: 529900O1DTDLCJ7L0I14 | Short            | EC               | CORP              | US        |     -6591 | NS      | $-2094422.07  | -0.22%            |  |  |  | No            |                  1 | On Loan: No      |
| Vital Farms Inc.                            | VITAL FARMS INC           | CUSIP: 92847W103<br>LEI: 549300S6NYY7ER3XOT61 | Short            | EC               | CORP              | US        |    -74222 | NS      | $-2438192.70  | -0.26%            |  |  |  | No            |                  1 | On Loan: No      |
| Clearwater Paper Corporation                | CLEARWATER                | CUSIP: 18538R103<br>LEI: 549300HCVV19GXN4P292 | Long             | EC               | CORP              | US        |    258216 | NS      | $4557512.40   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| TransMedics Group Inc.                      | TRANSMEDICS GROU          | CUSIP: 89377M109<br>LEI: 549300060GVOSMWARH50 | Short            | EC               | CORP              | US        |    -92811 | NS      | $-12208358.94 | -1.30%            |  |  |  | No            |                  1 | On Loan: No      |
| Circle Internet Group Inc.                  | CIRCLE INTERNET           | CUSIP: 172573107<br>LEI: 254900HFVVR6NPMQVN93 | Short            | EC               | CORP              | US        |    -32478 | NS      | $-4124056.44  | -0.44%            |  |  |  | No            |                  1 | On Loan: No      |
| CECO Environmental Corp.                    | CECO ENVIRONMNTL          | CUSIP: 125141101<br>LEI: 5493002CZCTL4HGLIY91 | Short            | EC               | CORP              | US        |    -10407 | NS      | $-508798.23   | -0.05%            |  |  |  | No            |                  1 | On Loan: No      |
| Herbalife Ltd.                              | HERBALIFE LTD             | CUSIP: G4412G101<br>LEI: 549300BA7TYPBSZZIA41 | Long             | EC               | CORP              | KY        |    337544 | NS      | $2700352.00   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Connectone Bancorp Inc.                     | CONNECTONE BANCORP INC    | CUSIP: 20786W107<br>LEI: 549300E2M5ZYAZKUK134 | Short            | EC               | CORP              | US        |    -82219 | NS      | $-1978189.14  | -0.21%            |  |  |  | No            |                  1 | On Loan: No      |
| Rocket Lab Corp.                            | ROCKET LAB CORP           | CUSIP: 773121108<br>LEI: N/A                  | Short            | EC               | CORP              | US        |    -55011 | NS      | $-3464592.78  | -0.37%            |  |  |  | No            |                  1 | On Loan: No      |
| Titan Machinery Inc.                        | TITAN MACHINERY           | CUSIP: 88830R101<br>LEI: 549300835ZM8G0BT5C94 | Long             | EC               | CORP              | US        |     78286 | NS      | $1283890.40   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Acadia Healthcare Company, Inc.             | ACADIA HEALTHCAR          | CUSIP: 00404A109<br>LEI: 5493005CW985Y9D0NC11 | Long             | EC               | CORP              | US        |    810945 | NS      | $17435317.50  | 1.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Gerresheimer AG                             | Gerresheimer AG           | CUSIP: D2852S109<br>LEI: 5299006GD4UWSYZOKC28 | Long             | EC               | CORP              | DE        |     70588 | NS      | $2245796.89   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Haemonetics Corp                            | HAEMONETICS CORP          | CUSIP: 405024100<br>LEI: 549300ZEL6TXZS6F5F95 | Long             | EC               | CORP              | US        |    236768 | NS      | $11840767.68  | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Popular, Inc.                               | POPULAR INC               | CUSIP: 733174700<br>LEI: 5493008CARDZMVQ3LO89 | Long             | EC               | CORP              | PR        |     92789 | NS      | $10343189.83  | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| State Street Corp.                          | STATE ST CORP             | CUSIP: 857477103<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | EC               | CORP              | US        |     77722 | NS      | $8989326.52   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Arista Networks Inc                         | ARISTA NETWORKS           | CUSIP: 040413205<br>LEI: 635400H1WKBLOQERUU95 | Short            | EC               | CORP              | US        |    -10207 | NS      | $-1609541.83  | -0.17%            |  |  |  | No            |                  1 | On Loan: No      |
| Fresh Del Monte Produce Inc.                | FRESH DEL MONTE           | CUSIP: G36738105<br>LEI: 529900I72V9F0FEZR228 | Long             | EC               | CORP              | KY        |    152555 | NS      | $5392819.25   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Unifi, Inc.                                 | UNIFI INC                 | CUSIP: 904677200<br>LEI: 549300MW5LPO0M2LNO04 | Long             | EC               | CORP              | US        |    201675 | NS      | $899470.50    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Figure Technology Solutions Inc.            | FIGURE TECHNOL-A          | CUSIP: 349381103<br>LEI: N/A                  | Short            | EC               | CORP              | US        |    -12892 | NS      | $-510523.20   | -0.05%            |  |  |  | No            |                  1 | On Loan: No      |
| Patrick Industries Inc.                     | PATRICK INDS INC          | CUSIP: 703343103<br>LEI: 549300FZ5ZTCCJ3Z5W14 | Short            | EC               | CORP              | US        |    -76075 | NS      | $-7939947.75  | -0.85%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                         | AZO US 03/20/26 P3500     | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | N/A       |        89 | NC      | $1529020.00   | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Omnicom Group Inc                           | OMNICOM GROUP             | CUSIP: 681919106<br>LEI: HKUPACFHSSASQK8HLS17 | Long             | EC               | CORP              | US        |     93329 | NS      | $7001541.58   | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Tesla Inc                                   | TESLA INC                 | CUSIP: 88160R101<br>LEI: 54930043XZGB27CTOV49 | Short            | EC               | CORP              | US        |    -42948 | NS      | $-19608338.88 | -2.09%            |  |  |  | No            |                  1 | On Loan: No      |
| Tronox Holdings PLC                         | TRONOX HOLDING            | CUSIP: G9087Q102<br>LEI: 549300NRVC84SGJSXV06 | Long             | EC               | CORP              | GB        |   1029252 | NS      | $3602382.00   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Orion S.A.                                  | ORION SA                  | CUSIP: L72967109<br>LEI: N/A                  | Long             | EC               | CORP              | LU        |    296522 | NS      | $1571566.60   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| James Hardie Industries PLC                 | JAMES HARDIE IND          | CUSIP: G4253H101<br>LEI: 635400NSGXKTVOO7JU45 | Long             | EC               | CORP              | IE        |    113874 | NS      | $2383382.82   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| American Vanguard Corp.                     | AMER VANGUARD             | CUSIP: 030371108<br>LEI: 529900GWI78WZA5M9783 | Long             | EC               | CORP              | US        |    357061 | NS      | $1596062.67   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| National Vision Holdings Inc                | NATIONAL VISION           | CUSIP: 63845R107<br>LEI: 549300JHURCBLI5ROA42 | Short            | EC               | CORP              | US        |   -349556 | NS      | $-9001067.00  | -0.96%            |  |  |  | No            |                  1 | On Loan: No      |
| Owens & Minor Inc                           | OWENS & MINOR             | CUSIP: 690732102<br>LEI: 549300LMT5KQQXCEZ733 | Long             | EC               | CORP              | US        |   1293892 | NS      | $5136751.24   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Deutsche Lufthansa AG                       | DEUTSCHE LUFT-RG          | CUSIP: D1908N106<br>LEI: 529900PH63HYJ86ASW55 | Long             | EC               | CORP              | DE        |    623657 | NS      | $5459425.08   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| PRA Group Inc.                              | PRA GROUP INC             | CUSIP: 69354N106<br>LEI: 549300Q5HW3JSSB86K27 | Long             | EC               | CORP              | US        |    197512 | NS      | $2707889.52   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Alight Inc                                  | ALIGHT INC-CL A           | CUSIP: 01626W101<br>LEI: 549300600ESCO1HTVN74 | Long             | EC               | CORP              | US        |   1004041 | NS      | $2891638.08   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| AppFolio Inc.                               | APPFOLIO INC - A          | CUSIP: 03783C100<br>LEI: 529900OOUUGT6JFC0S15 | Short            | EC               | CORP              | US        |    -29725 | NS      | $-7562931.75  | -0.81%            |  |  |  | No            |                  1 | On Loan: No      |
| Arkema SA                                   | ARKEMA                    | CUSIP: F0392W125<br>LEI: 9695000EHMS84KKP2785 | Long             | EC               | CORP              | FR        |     49454 | NS      | $2935885.88   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| International Flavors & Fragrances Inc.     | INTL FLVR & FRAG          | CUSIP: 459506101<br>LEI: BZLRL03D3GPGMOGFO832 | Long             | EC               | CORP              | US        |     38343 | NS      | $2414458.71   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Puma SE                                     | PUMA SE                   | CUSIP: D62318148<br>LEI: 529900GRZ2BQY5ZM9N49 | Long             | EC               | CORP              | DE        |    239741 | NS      | $5090523.60   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Planet Fitness Inc.                         | PLANET FITNESS-A          | CUSIP: 72703H101<br>LEI: 549300LLE5HUPF6H8G33 | Short            | EC               | CORP              | US        |    -20862 | NS      | $-1891974.78  | -0.20%            |  |  |  | No            |                  1 | On Loan: No      |
| Salesforce Inc.                             | SALESFORCE INC            | CUSIP: 79466L302<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | EC               | CORP              | US        |     36013 | NS      | $9378145.33   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| M&T Bank Corporation                        | M&T BANK CORP             | CUSIP: 55261F104<br>LEI: 549300WYXDDBYRASEG81 | Long             | EC               | CORP              | US        |     79572 | NS      | $14630903.64  | 1.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Crowdstrike Holdings Inc                    | CROWDSTRIKE HO-A          | CUSIP: 22788C105<br>LEI: 549300YBY08K9KM4HX32 | Short            | EC               | CORP              | US        |     -9513 | NS      | $-5165654.13  | -0.55%            |  |  |  | No            |                  1 | On Loan: No      |
| Spin Master Corporation                     | SPIN MASTER -SVC          | CUSIP: 848510103<br>LEI: 254900ACUT127TXKWO71 | Long             | EC               | CORP              | CA        |    148137 | NS      | $2200059.68   | 0.23%             |  |  |  | Yes           |                  1 | On Loan: No      |
| JB Hi-Fi Ltd.                               | JB Hi-Fi Ltd              | CUSIP: Q5029L101<br>LEI: 529900TPC8H040Y3ZQ65 | Short            | EC               | CORP              | AU        |    -99337 | NS      | $-6807074.10  | -0.72%            |  |  |  | No            |                  1 | On Loan: No      |
| Impinj Inc                                  | IMPINJ INC                | CUSIP: 453204109<br>LEI: 549300M26VGKSMMWWN17 | Short            | EC               | CORP              | US        |    -54973 | NS      | $-11113341.68 | -1.18%            |  |  |  | No            |                  1 | On Loan: No      |
| Trueblue Inc                                | TRUEBLUE INC              | CUSIP: 89785X101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    220995 | NS      | $1047516.30   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Rollins Inc                                 | ROLLINS INC               | CUSIP: 775711104<br>LEI: 549300F2A0BXT4SGWD84 | Short            | EC               | CORP              | US        |   -230169 | NS      | $-13260036.09 | -1.41%            |  |  |  | No            |                  1 | On Loan: No      |
| Sonoco Products Company                     | SONOCO PRODUCTS           | CUSIP: 835495102<br>LEI: GKOMIK4RDJGHEF0VNP11 | Long             | EC               | CORP              | US        |    676845 | NS      | $27459601.65  | 2.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Roblox Corporation                          | ROBLOX CORP - A           | CUSIP: 771049103<br>LEI: N/A                  | Short            | EC               | CORP              | US        |     -3689 | NS      | $-419513.08   | -0.04%            |  |  |  | No            |                  1 | On Loan: No      |
| Shopify Inc                                 | SHOPIFY INC - A           | CUSIP: 82509L107<br>LEI: 549300HGQ43STJLLP808 | Short            | EC               | CORP              | CA        |    -30518 | NS      | $-5305859.48  | -0.57%            |  |  |  | No            |                  1 | On Loan: No      |
| Advanced Drainage System Inc                | ADVANCED DRAINAG          | CUSIP: 00790R104<br>LEI: 6QQTOZ5MF5DHM7K92I60 | Short            | EC               | CORP              | US        |    -35689 | NS      | $-4998244.45  | -0.53%            |  |  |  | No            |                  1 | On Loan: No      |
| Baxter International, Inc.                  | BAXTER INTL INC           | CUSIP: 071813109<br>LEI: J5OIVXX3P24RJRW5CK77 | Long             | EC               | CORP              | US        |    345792 | NS      | $6386778.24   | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Prosegur Compania de Seguridad SA           | PROSEGUR                  | CUSIP: E83453188<br>LEI: 549300N94L4D5NDBFG97 | Long             | EC               | CORP              | ES        |    470778 | NS      | $1535794.51   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Teleflex Incorporated                       | TELEFLEX INC              | CUSIP: 879369106<br>LEI: UUL85LWXB4NGSWWXIQ25 | Long             | EC               | CORP              | US        |    183339 | NS      | $22820205.33  | 2.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Barrick Mining Corp.                        | BARRICK MINING C          | CUSIP: 06849F108<br>LEI: 0O4KBQCJZX82UKGCBV73 | Long             | EC               | CORP              | CA        |     90732 | NS      | $2976009.60   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Torex Gold Resources Inc                    | TOREX GOLD RESOU          | CUSIP: 891054603<br>LEI: 549300QL07027186GQ85 | Long             | EC               | CORP              | CA        |    242078 | NS      | $10000356.01  | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Avista Corporation                          | AVISTA CORP               | CUSIP: 05379B107<br>LEI: Q0IK63NITJD6RJ47SW96 | Long             | EC               | CORP              | US        |    146245 | NS      | $5564622.25   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Mistras Group Inc                           | MISTRAS GROUP IN          | CUSIP: 60649T107<br>LEI: 5493000CMNXVLND3FU73 | Long             | EC               | CORP              | US        |    220597 | NS      | $2104495.38   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Sanfilippo(John B)                          | JOHN B SANFILIPP          | CUSIP: 800422107<br>LEI: 5299007IBEYVXKYDUX28 | Long             | EC               | CORP              | US        |     35786 | NS      | $2246645.08   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Oxford Industries, Inc.                     | OXFORD INDS INC           | CUSIP: 691497309<br>LEI: IDZ20O0XD3GS4UOI2L88 | Long             | EC               | CORP              | US        |     42010 | NS      | $1548068.50   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Integra LifeSciences Holdings Corporation   | INTEGRA LIFESCIE          | CUSIP: 457985208<br>LEI: WB7IJCYY8YFTENS4O147 | Long             | EC               | CORP              | US        |    675961 | NS      | $8118291.61   | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Uranium Energy Corp.                        | URANIUM ENERGY            | CUSIP: 916896103<br>LEI: 549300VD69WD2USLIP04 | Short            | EC               | CORP              | US        |    -37384 | NS      | $-565619.92   | -0.06%            |  |  |  | No            |                  1 | On Loan: No      |
| Lululemon Athletica Inc.                    | LULULEMON ATH             | CUSIP: 550021109<br>LEI: 549300D9GZ4BMLDW5T40 | Long             | EC               | CORP              | US        |      5619 | NS      | $958264.26    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Allegro MicroSystems Inc                    | ALLEGRO MICROSYS          | CUSIP: 01749D105<br>LEI: N/A                  | Short            | EC               | CORP              | US        |   -172062 | NS      | $-5148095.04  | -0.55%            |  |  |  | No            |                  1 | On Loan: No      |
| Dillards, Inc.                              | DILLARDS INC-A            | CUSIP: 254067101<br>LEI: 529900FGYKMWL6019P91 | Short            | EC               | CORP              | US        |     -4596 | NS      | $-2757967.68  | -0.29%            |  |  |  | No            |                  1 | On Loan: No      |
| Rigetti Computing Inc                       | RIGETTI COMPUTIN          | CUSIP: 76655K103<br>LEI: N/A                  | Short            | EC               | CORP              | US        |   -111550 | NS      | $-4938318.50  | -0.53%            |  |  |  | No            |                  1 | On Loan: No      |
| Olympic Steel Inc.                          | OLYMPIC STEEL             | CUSIP: 68162K106<br>LEI: 549300GQ061U6N6KWJ49 | Long             | EC               | CORP              | US        |     97024 | NS      | $3589888.00   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Chord Energy Corp.                          | CHORD ENERGY COR          | CUSIP: 674215207<br>LEI: 529900FA4V2YNIKZ0M71 | Long             | EC               | CORP              | US        |     92104 | NS      | $8355674.88   | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Regenxbio Inc.                              | REGENXBIO INC             | CUSIP: 75901B107<br>LEI: 549300EOES47LATSET33 | Long             | EC               | CORP              | US        |    342385 | NS      | $4372256.45   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Arm Holdings PLC                            | ARM HOLDINGS PLC          | CUSIP: 042068205<br>LEI: 2138001E66EELTE7Y904 | Short            | EC               | CORP              | GB        |   -109747 | NS      | $-18637235.54 | -1.98%            |  |  |  | No            |                  1 | On Loan: No      |
| Vail Resorts, Inc.                          | VAIL RESORTS              | CUSIP: 91879Q109<br>LEI: 529900PSZHRNU9HKH870 | Long             | EC               | CORP              | US        |      5551 | NS      | $823379.83    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity National Information Services Inc  | FIDELITY NATIONA          | CUSIP: 31620M106<br>LEI: 6WQI0GK1PRFVBA061U48 | Long             | EC               | CORP              | US        |     63220 | NS      | $3952514.40   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| TPG Inc                                     | TPG INC                   | CUSIP: 872657101<br>LEI: 549300NLO4R8MX77XJ02 | Short            | EC               | CORP              | US        |    -86431 | NS      | $-4757162.24  | -0.51%            |  |  |  | No            |                  1 | On Loan: No      |
| BILL Holdings Inc                           | BILL HOLDINGS IN          | CUSIP: 090043100<br>LEI: 549300IBF9VZZIGOZW63 | Long             | EC               | CORP              | US        |    303750 | NS      | $15084225.00  | 1.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Sectra AB                                   | SECTRA AB-B               | CUSIP: W8T81N157<br>LEI: 549300R9ZBT8YSFFK266 | Short            | EC               | CORP              | SE        |    -23344 | NS      | $-741545.04   | -0.08%            |  |  |  | No            |                  1 | On Loan: No      |
| Sleep Number Corporation                    | SLEEP NUMBER COR          | CUSIP: 83125X103<br>LEI: 529900W0TZQLBT2DSS66 | Long             | EC               | CORP              | US        |    389731 | NS      | $2143520.50   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Lyft Inc                                    | LYFT INC-A                | CUSIP: 55087P104<br>LEI: 549300H7I5VN334XVZ52 | Long             | EC               | CORP              | US        |    834099 | NS      | $17065665.54  | 1.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Doximity Inc                                | DOXIMITY INC-A            | CUSIP: 26622P107<br>LEI: N/A                  | Short            | EC               | CORP              | US        |   -109708 | NS      | $-7240728.00  | -0.77%            |  |  |  | No            |                  1 | On Loan: No      |
| Eastman Chemical Company                    | EASTMAN CHEMICAL          | CUSIP: 277432100<br>LEI: FDPVHDGJ1IQZFK9KH630 | Long             | EC               | CORP              | US        |     68412 | NS      | $4071882.24   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Ondas Holdings Inc.                         | ONDAS HOLDINGS I          | CUSIP: 68236H204<br>LEI: 549300JWLHDUB82V8607 | Short            | EC               | CORP              | US        |    -66317 | NS      | $-427081.48   | -0.05%            |  |  |  | No            |                  1 | On Loan: No      |
| Iron Mountain Inc.                          | IRON MOUNTAIN             | CUSIP: 46284V101<br>LEI: SQL3F6CKNNBM3SQGHX24 | Short            | EC               | CORP              | US        |    -29831 | NS      | $-3071101.45  | -0.33%            |  |  |  | No            |                  1 | On Loan: No      |
| NuScale Power Corp.                         | NUSCALE POWER CO          | CUSIP: 67079K100<br>LEI: N/A                  | Short            | EC               | CORP              | US        |    -22770 | NS      | $-1021689.90  | -0.11%            |  |  |  | No            |                  1 | On Loan: No      |
| Constellation Software Inc.                 | CONSTELLATION SO          | CUSIP: 21037X100<br>LEI: 549300B6PYHMCTDWQV29 | Short            | EC               | CORP              | CA        |     -1872 | NS      | $-4926527.94  | -0.52%            |  |  |  | No            |                  1 | On Loan: No      |
| Upwork Inc                                  | UPWORK INC                | CUSIP: 91688F104<br>LEI: 5493004QJ6WWBXVE2S70 | Long             | EC               | CORP              | US        |   1072357 | NS      | $17093370.58  | 1.82%             |  |  |  | No            |                  1 | On Loan: No      |
| AeroVironment, Inc.                         | AEROVIRONMENT IN          | CUSIP: 008073108<br>LEI: 529900PGHVI29YLZ6221 | Short            | EC               | CORP              | US        |    -27889 | NS      | $-10316419.99 | -1.10%            |  |  |  | No            |                  1 | On Loan: No      |
| Cloudflare Inc                              | CLOUDFLARE INC-A          | CUSIP: 18915M107<br>LEI: 5493007DY18BGNLDWU14 | Short            | EC               | CORP              | US        |    -58309 | NS      | $-14769669.70 | -1.57%            |  |  |  | No            |                  1 | On Loan: No      |
| HUB24 Ltd.                                  | HUB24 LTD                 | CUSIP: Q4970M176<br>LEI: N/A                  | Short            | EC               | CORP              | AU        |     -7594 | NS      | $-567288.99   | -0.06%            |  |  |  | No            |                  1 | On Loan: No      |
| Gamestop Corp                               | GAMESTOP CORP-A           | CUSIP: 36467W109<br>LEI: 549300505KLOET039L77 | Short            | EC               | CORP              | US        |    -19717 | NS      | $-439491.93   | -0.05%            |  |  |  | No            |                  1 | On Loan: No      |
| Dycom Industries, Inc.                      | DYCOM INDS                | CUSIP: 267475101<br>LEI: 549300F56EKTHQI3WT60 | Short            | EC               | CORP              | US        |    -57811 | NS      | $-16637427.69 | -1.77%            |  |  |  | No            |                  1 | On Loan: No      |
| Linamar Corp                                | Linamar Corp              | CUSIP: 53278L107<br>LEI: 549300LW6VIYFRMFBU20 | Long             | EC               | CORP              | CA        |     45515 | NS      | $2464699.48   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| ConocoPhillips                              | CONOCOPHILLIPS            | CUSIP: 20825C104<br>LEI: WPTL2Z3FIYTHSP5V2253 | Long             | EC               | CORP              | US        |     71957 | NS      | $6394099.02   | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Shutterstock Inc                            | SHUTTERSTOCK INC          | CUSIP: 825690100<br>LEI: 529900G2TDIS56V0LO22 | Long             | EC               | CORP              | US        |    350337 | NS      | $8768935.11   | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| J Jill Inc                                  | J. JILL INC               | CUSIP: 46620W201<br>LEI: 529900I19PJIF8MIDL12 | Long             | EC               | CORP              | US        |     93415 | NS      | $1407764.05   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Ziff Davis Inc                              | ZIFF DAVIS INC            | CUSIP: 48123V102<br>LEI: 5493008OJYGLHD7MXA18 | Long             | EC               | CORP              | US        |    417695 | NS      | $14159860.50  | 1.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Ares Management Corporation                 | ARES MANAGEM- A           | CUSIP: 03990B101<br>LEI: 529900JUV61FH7B8VW38 | Short            | EC               | CORP              | US        |    -96520 | NS      | $-14353489.20 | -1.53%            |  |  |  | No            |                  1 | On Loan: No      |
| Tactile Systems Technology Inc.             | TACTILE SYSTEMS           | CUSIP: 87357P100<br>LEI: 54930069VDTITHOTKJ98 | Long             | EC               | CORP              | US        |    156968 | NS      | $2365507.76   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Spotify Technology S.A.                     | SPOTIFY TECHNOLO          | CUSIP: L8681T102<br>LEI: 549300B4X0JHWV0DTD60 | Short            | EC               | CORP              | LU        |    -19035 | NS      | $-12474016.20 | -1.33%            |  |  |  | No            |                  1 | On Loan: No      |
| ServisFirst Bancshares Inc.                 | SERVISFIRST BANC          | CUSIP: 81768T108<br>LEI: N/A                  | Short            | EC               | CORP              | US        |    -27408 | NS      | $-1925960.16  | -0.21%            |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA Corp.                                | NVIDIA CORP               | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Short            | EC               | CORP              | US        |    -96530 | NS      | $-19546359.70 | -2.08%            |  |  |  | No            |                  1 | On Loan: No      |
| Albany International Corp.                  | ALBANY INTL CORP          | CUSIP: 012348108<br>LEI: L73WCPNCZIRSQGZTW097 | Long             | EC               | CORP              | US        |    156476 | NS      | $8853412.08   | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Robinhood Markets Inc                       | ROBINHOOD MARK-A          | CUSIP: 770700102<br>LEI: 213800FS5AO3YWIE6F63 | Short            | EC               | CORP              | US        |   -138896 | NS      | $-20387154.88 | -2.17%            |  |  |  | No            |                  1 | On Loan: No      |
| IES Holdings Inc.                           | IES HOLDINGS INC          | CUSIP: 44951W106<br>LEI: 549300687T8E6LN6EN72 | Short            | EC               | CORP              | US        |    -14654 | NS      | $-5742609.52  | -0.61%            |  |  |  | No            |                  1 | On Loan: No      |
| SoftwareONE Holding AG                      | SOFTWAREONE HOLD          | CUSIP: H5682F102<br>LEI: 529900GBI88JKWXLGI05 | Long             | EC               | CORP              | CH        |    387733 | NS      | $3982617.60   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Maplebear Inc.                              | MAPLEBEAR INC             | CUSIP: 565394103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    125823 | NS      | $4637835.78   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Analog Devices Inc.                         | ANALOG DEVICES            | CUSIP: 032654105<br>LEI: GYVOE5EZ4GDAVTU4CQ61 | Short            | EC               | CORP              | US        |    -54283 | NS      | $-12709278.79 | -1.35%            |  |  |  | No            |                  1 | On Loan: No      |
| D-Wave Quantum Inc.                         | D-WAVE QUANTUM I          | CUSIP: 26740W109<br>LEI: 5493001U37G4PRD4GW95 | Short            | EC               | CORP              | US        |    -87058 | NS      | $-3226369.48  | -0.34%            |  |  |  | No            |                  1 | On Loan: No      |
| Align Technology Inc.                       | ALIGN TECHNOLOGY          | CUSIP: 016255101<br>LEI: 549300N5YSE0U3LCP840 | Long             | EC               | CORP              | US        |     31783 | NS      | $4382240.04   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| TechnologyOne Ltd.                          | TECHNOLOGY ONE            | CUSIP: Q89275103<br>LEI: 875500YEWBJIM91P9N12 | Short            | EC               | CORP              | AU        |   -292208 | NS      | $-7055670.20  | -0.75%            |  |  |  | No            |                  1 | On Loan: No      |
| Conmed Corporation                          | CONMED CORP               | CUSIP: 207410101<br>LEI: Z6C0YCECH9DCU5ZIQW84 | Long             | EC               | CORP              | US        |    199634 | NS      | $8783896.00   | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Credit Acceptance Corporation of Michigan   | CREDIT ACCEPTANC          | CUSIP: 225310101<br>LEI: N/A                  | Short            | EC               | CORP              | US        |    -30441 | NS      | $-13617476.94 | -1.45%            |  |  |  | No            |                  1 | On Loan: No      |
| ACV Auctions Inc                            | ACV AUCTIONS-A            | CUSIP: 00091G104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    208117 | NS      | $1887621.19   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| ATN International Inc.                      | ATN INTERNATIONA          | CUSIP: 00215F107<br>LEI: 54930013NP7VEU877V56 | Long             | EC               | CORP              | US        |     85665 | NS      | $1244712.45   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Ceres Power Holdings PLC                    | CERES POWER HOLDINGS PLC  | CUSIP: G2091U128<br>LEI: 213800N7AAHSXQUOA733 | Long             | EC               | CORP              | GB        |    184746 | NS      | $650905.47    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| InterDigital, Inc.                          | INTERDIGITAL INC          | CUSIP: 45867G101<br>LEI: 529900HQAUTC3VI47G64 | Short            | EC               | CORP              | US        |    -44000 | NS      | $-15926240.00 | -1.70%            |  |  |  | No            |                  1 | On Loan: No      |
| Monster Beverage Corp                       | MONSTER BEVERAGE          | CUSIP: 61174X109<br>LEI: 52990090AP0E7HCB6F33 | Short            | EC               | CORP              | US        |    -74080 | NS      | $-4950766.40  | -0.53%            |  |  |  | No            |                  1 | On Loan: No      |
| Shake Shack Inc                             | SHAKE SHACK IN-A          | CUSIP: 819047101<br>LEI: 529900J74GJAHYP80N79 | Short            | EC               | CORP              | US        |    -72371 | NS      | $-6984525.21  | -0.74%            |  |  |  | No            |                  1 | On Loan: No      |
| Endava PLC                                  | ENDAVA PLC- SPON ADR      | CUSIP: 29260V105<br>LEI: 213800JJ6CRPCWCQVZ25 | Long             | EC               | CORP              | GB        |    335775 | NS      | $3112634.25   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Lexaria Bioscience Corporation              | LEXARIA BIOSCIEN          | CUSIP: 52886N406<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    222763 | NS      | $227218.26    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Enovis Corporation                          | ENOVIS CORP               | CUSIP: 194014502<br>LEI: 635400OP2DYYYMOIYL17 | Long             | EC               | CORP              | US        |    571784 | NS      | $17862532.16  | 1.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Generac Holdings Inc.                       | GENERAC HOLDINGS          | CUSIP: 368736104<br>LEI: 529900S2H2AHJHSFFI84 | Long             | EC               | CORP              | US        |     21895 | NS      | $3678797.90   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| ThredUP Inc.                                | THREDUP- CLASS A          | CUSIP: 88556E102<br>LEI: 549300JKGKTKX3L3XK25 | Short            | EC               | CORP              | US        |   -235915 | NS      | $-2073692.85  | -0.22%            |  |  |  | No            |                  1 | On Loan: No      |
| LEXARIA BIOSCIENCE CORP                     | LEXARIA BIOSCIEN WT       | CUSIP: N/A<br>LEI: N/A                        | Long             | DO               | CORP              | US        |    320380 | NS      | $187230.07    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Iovance Biotherapeutics Inc                 | IOVANCE BIOTHERA          | CUSIP: 462260100<br>LEI: 2549002L8WT2ACU5Q878 | Long             | EC               | CORP              | US        |   5014348 | NS      | $9878265.56   | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Natera Inc.                                 | NATERA INC                | CUSIP: 632307104<br>LEI: N/A                  | Short            | EC               | CORP              | US        |     -5303 | NS      | $-1054925.79  | -0.11%            |  |  |  | No            |                  1 | On Loan: No      |
| Edgewell Personal Care Co                   | EDGEWELL PERSONA          | CUSIP: 28035Q102<br>LEI: 549300CY8QZDL4Z3RU59 | Long             | EC               | CORP              | US        |    397215 | NS      | $7701998.85   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Red Rock Resorts Inc                        | RED ROCK RESOR-A          | CUSIP: 75700L108<br>LEI: N/A                  | Short            | EC               | CORP              | US        |    -83538 | NS      | $-4453410.78  | -0.47%            |  |  |  | No            |                  1 | On Loan: No      |
| Liveramp Holdings Inc                       | LIVERAMP HOLDING          | CUSIP: 53815P108<br>LEI: 254900GXS75LG1X7RF88 | Long             | EC               | CORP              | US        |    223331 | NS      | $6105869.54   | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| BlueLinx Holdings Inc.                      | BLUELINX HOLDING          | CUSIP: 09624H208<br>LEI: 549300YSX7GU28F5I540 | Long             | EC               | CORP              | US        |      4561 | NS      | $298471.84    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| American Express Company                    | AMERICAN EXPRESS          | CUSIP: 025816109<br>LEI: R4PP93JZOLY261QX3811 | Short            | EC               | CORP              | US        |     -2911 | NS      | $-1050085.03  | -0.11%            |  |  |  | No            |                  1 | On Loan: No      |
| Warner Bros. Discovery Inc.                 | WARNER BROS DISC          | CUSIP: 934423104<br>LEI: 5493006ZCRFWKF6B1K26 | Long             | EC               | CORP              | US        |    322541 | NS      | $7241045.45   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| On Holding AG                               | ON HOLDING AG-A           | CUSIP: H5919C104<br>LEI: 506700FB3467B9W95526 | Short            | EC               | CORP              | CH        |    -34897 | NS      | $-1296423.55  | -0.14%            |  |  |  | No            |                  1 | On Loan: No      |
| Coinbase Global Inc                         | COINBASE GLOBA-A          | CUSIP: 19260Q107<br>LEI: 5493004G3J2SC154DU06 | Short            | EC               | CORP              | US        |    -31596 | NS      | $-10862072.88 | -1.16%            |  |  |  | No            |                  1 | On Loan: No      |
| Aurora Innovation Inc                       | AURORA INNOVATIO          | CUSIP: 051774107<br>LEI: N/A                  | Short            | EC               | CORP              | US        |  -3127373 | NS      | $-16387434.52 | -1.75%            |  |  |  | No            |                  1 | On Loan: No      |
| Ringcentral Inc                             | RINGCENTRAL IN-A          | CUSIP: 76680R206<br>LEI: 549300C8EH0H1614VE84 | Long             | EC               | CORP              | US        |    704705 | NS      | $21225714.60  | 2.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Macy's, Inc.                                | MACY'S INC                | CUSIP: 55616P104<br>LEI: 529900NZQ81TIOW3CW52 | Long             | EC               | CORP              | US        |    304324 | NS      | $5931274.76   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Fabrinet                                    | FABRINET                  | CUSIP: G3323L100<br>LEI: 5493004TETZ6IYF7CV44 | Short            | EC               | CORP              | KY        |    -28023 | NS      | $-12346093.11 | -1.31%            |  |  |  | No            |                  1 | On Loan: No      |
| Broadcom Inc                                | BROADCOM INC              | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Short            | EC               | CORP              | US        |    -45742 | NS      | $-16907615.46 | -1.80%            |  |  |  | No            |                  1 | On Loan: No      |
| Innodata Inc                                | INNODATA INC              | CUSIP: 457642205<br>LEI: L9O7MPYIT56T6KBE0R95 | Short            | EC               | CORP              | US        |    -78701 | NS      | $-5871881.61  | -0.63%            |  |  |  | No            |                  1 | On Loan: No      |
| Viatris Inc                                 | VIATRIS INC               | CUSIP: 92556V106<br>LEI: 254900ZZTSW7NL773X71 | Long             | EC               | CORP              | US        |   2565651 | NS      | $26580144.36  | 2.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Coursera Inc                                | COURSERA                  | CUSIP: 22266M104<br>LEI: 984500573CA1QB7DAC30 | Long             | EC               | CORP              | US        |    232254 | NS      | $1955578.68   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Goodyear Tire & Rubber Co. The              | GOODYEAR TIRE             | CUSIP: 382550101<br>LEI: 5493002BI0S2ZQUY3437 | Long             | EC               | CORP              | US        |    857588 | NS      | $5908781.32   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Symbotic Inc                                | SYMBOTIC INC              | CUSIP: 87151X101<br>LEI: N/A                  | Short            | EC               | CORP              | US        |   -157484 | NS      | $-12748329.80 | -1.36%            |  |  |  | No            |                  1 | On Loan: No      |
| Construction Partners Inc.                  | CONSTRUCTION P-A          | CUSIP: 21044C107<br>LEI: 549300MHLFL4E8JLZU44 | Short            | EC               | CORP              | US        |   -156156 | NS      | $-17856438.60 | -1.90%            |  |  |  | No            |                  1 | On Loan: No      |
| Forrester Research Inc.                     | FORRESTER RESEAR          | CUSIP: 346563109<br>LEI: 549300UUSFXYLJ80Z897 | Long             | EC               | CORP              | US        |    208401 | NS      | $1485899.13   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Power Solutions International, Inc.         | POWER SOLUTIONS INTERNATI | CUSIP: 73933G202<br>LEI: 549300JWGWDXC70SNH31 | Short            | EC               | CORP              | US        |     -5168 | NS      | $-442484.16   | -0.05%            |  |  |  | No            |                  1 | On Loan: No      |
| Akamai Technologies, Inc.                   | AKAMAI TECHNOLOG          | CUSIP: 00971T101<br>LEI: OC1LZNN2LF5WTJ5RIL89 | Long             | EC               | CORP              | US        |    237261 | NS      | $17818301.10  | 1.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Dave Inc                                    | DAVE INC                  | CUSIP: 23834J201<br>LEI: N/A                  | Short            | EC               | CORP              | US        |     -7895 | NS      | $-1889431.40  | -0.20%            |  |  |  | No            |                  1 | On Loan: No      |
| Sprout Social Inc.                          | SPROUT SOCIAL-A           | CUSIP: 85209W109<br>LEI: 254900QE3QH8EBRDOB65 | Long             | EC               | CORP              | US        |    195818 | NS      | $2011050.86   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Celestica Inc.                              | CELESTICA INC             | CUSIP: 15101Q207<br>LEI: 549300J3CG5T6RZWLN53 | Short            | EC               | CORP              | CA        |    -50219 | NS      | $-17299441.12 | -1.84%            |  |  |  | No            |                  1 | On Loan: No      |
| Genworth Financial Inc.                     | GENWORTH FINANCI          | CUSIP: 37247D106<br>LEI: 549300EMCG286BDNKJ33 | Short            | EC               | CORP              | US        |    -56923 | NS      | $-480430.12   | -0.05%            |  |  |  | No            |                  1 | On Loan: No      |
| Quanterix Corporation                       | QUANTERIX CORP            | CUSIP: 74766Q101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    679360 | NS      | $3627782.40   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Sealed Air Corp.                            | SEALED AIR CORP           | CUSIP: 81211K100<br>LEI: Q0M0CZB4YN6JZ65WXI09 | Long             | EC               | CORP              | US        |    270610 | NS      | $9068141.10   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| PRO Medicus Ltd.                            | PRO MEDICUS LTD           | CUSIP: Q77301101<br>LEI: N/A                  | Short            | EC               | CORP              | AU        |   -100352 | NS      | $-17310424.50 | -1.84%            |  |  |  | No            |                  1 | On Loan: No      |
| Ryerson Holding Corporation                 | RYERSON HOLDING           | CUSIP: 783754104<br>LEI: 549300JMA41B3ZHOVE45 | Long             | EC               | CORP              | US        |    453050 | NS      | $9994283.00   | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Helen Of Troy Corp                          | HELEN OF TROY             | CUSIP: G4388N106<br>LEI: N/A                  | Long             | EC               | CORP              | BM        |    478725 | NS      | $8918646.75   | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Opendoor Technologies Inc.                  | OPENDOOR TECHNOL          | CUSIP: 683712103<br>LEI: 254900KX11YZ4HV5BQ47 | Short            | EC               | CORP              | US        |   -473687 | NS      | $-3680547.99  | -0.39%            |  |  |  | No            |                  1 | On Loan: No      |
| Hurco Companies Inc.                        | HURCO COMPANIES           | CUSIP: 447324104<br>LEI: XSC5XDOTBYOBQPOG2O82 | Long             | EC               | CORP              | US        |     58924 | NS      | $1057685.80   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Dole PLC                                    | DOLE PLC                  | CUSIP: G27907107<br>LEI: 635400JUG5XJXOPPJJ47 | Long             | EC               | CORP              | IE        |    733097 | NS      | $9339655.78   | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Medpace Holdings Inc.                       | MEDPACE HOLDINGS          | CUSIP: 58506Q109<br>LEI: 549300H8TYEUVTW14A54 | Short            | EC               | CORP              | US        |    -17412 | NS      | $-10184452.92 | -1.08%            |  |  |  | No            |                  1 | On Loan: No      |
| Wisetech Global Ltd.                        | WISETECH GLOBAL           | CUSIP: Q98056106<br>LEI: 254900VE3AF301Q85K83 | Short            | EC               | CORP              | AU        |    -38314 | NS      | $-1732930.04  | -0.18%            |  |  |  | No            |                  1 | On Loan: No      |
| LegalZoom.Com Inc.                          | LEGALZOOMCOM INC          | CUSIP: 52466B103<br>LEI: 5493000L8EBF74Y9JZ48 | Long             | EC               | CORP              | US        |   1028581 | NS      | $10254952.57  | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Joby Aviation Inc.                          | JOBY AVIATION IN          | CUSIP: G65163100<br>LEI: N/A                  | Short            | EC               | CORP              | US        |  -1158486 | NS      | $-20088147.24 | -2.14%            |  |  |  | No            |                  1 | On Loan: No      |
| Kratos Defense & Security Solutions, Inc.   | KRATOS DEFENSE &          | CUSIP: 50077B207<br>LEI: 5493000EKBN0UY1F3F88 | Short            | EC               | CORP              | US        |   -176815 | NS      | $-16019439.00 | -1.71%            |  |  |  | No            |                  1 | On Loan: No      |
| Carvana Co                                  | CARVANA CO                | CUSIP: 146869102<br>LEI: 5493003WEAK2PJ5WS063 | Short            | EC               | CORP              | US        |    -50494 | NS      | $-15478430.76 | -1.65%            |  |  |  | No            |                  1 | On Loan: No      |
| Purple Innovation, Inc.                     | PURPLE INNOVATIO          | CUSIP: 74640Y106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    503938 | NS      | $399018.11    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Palantir Technologies Inc                   | PALANTIR TECHN-A          | CUSIP: 69608A108<br>LEI: 549300UVN46B3BBDHO85 | Short            | EC               | CORP              | US        |    -93429 | NS      | $-18729711.63 | -1.99%            |  |  |  | No            |                  1 | On Loan: No      |
| Hikma Pharmaceuticals PLC                   | HIKMA PHARMACEUT          | CUSIP: G4576K104<br>LEI: 549300BNS685UXH4JI75 | Long             | EC               | CORP              | GB        |    188926 | NS      | $4564125.35   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Olin Corporation                            | OLIN CORP                 | CUSIP: 680665205<br>LEI: 549300GKK294V7W57P06 | Long             | EC               | CORP              | US        |    312427 | NS      | $6467238.90   | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Ferrari N V                                 | FERRARI NV                | CUSIP: N3167Y103<br>LEI: 549300RIVY5EX8RCON76 | Short            | EC               | CORP              | NL        |     -1879 | NS      | $-759022.05   | -0.08%            |  |  |  | No            |                  1 | On Loan: No      |
| Somnigroup International Inc.               | SOMNIGROUP INTER          | CUSIP: 88023U101<br>LEI: 549300HFEKVR3US71V91 | Short            | EC               | CORP              | US        |   -120357 | NS      | $-9549124.38  | -1.02%            |  |  |  | No            |                  1 | On Loan: No      |
| Dentsply Sirona Inc                         | DENTSPLY SIRONA           | CUSIP: 24906P109<br>LEI: 9NHEHR1SOZCYXDO8HO28 | Long             | EC               | CORP              | US        |   2068444 | NS      | $26083078.84  | 2.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Miller Industries Inc. (Tennessee)          | MILLER INDS/TENN          | CUSIP: 600551204<br>LEI: 549300F1O74SPUJ7UU94 | Long             | EC               | CORP              | US        |     51154 | NS      | $2053321.56   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Descartes Systems Group Inc.                | DESCARTES SYS             | CUSIP: 249906108<br>LEI: 875500NEPA7JI5EOMN45 | Short            | EC               | CORP              | CA        |     -5233 | NS      | $-461602.93   | -0.05%            |  |  |  | No            |                  1 | On Loan: No      |
| Sensata Technologies Holding PLC            | SENSATA TECHNOLO          | CUSIP: G8060N102<br>LEI: 529900MS7KFYCY9MS037 | Long             | EC               | CORP              | GB        |    557257 | NS      | $17737490.31  | 1.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Topbuild Corporation                        | TOPBUILD COR              | CUSIP: 89055F103<br>LEI: 5493007YSKHOL4RWII46 | Short            | EC               | CORP              | US        |     -4516 | NS      | $-1907919.68  | -0.20%            |  |  |  | No            |                  1 | On Loan: No      |
| Universal Health Services, Inc.             | UNIVERSAL HLTH-B          | CUSIP: 913903100<br>LEI: 549300YGMGQDO0NMJD09 | Long             | EC               | CORP              | US        |     22551 | NS      | $4893792.51   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Lemaitre Vascular Inc.                      | LEMAITRE VASCULA          | CUSIP: 525558201<br>LEI: 549300FZUBUB7MHY8R17 | Short            | EC               | CORP              | US        |    -44205 | NS      | $-3828595.05  | -0.41%            |  |  |  | No            |                  1 | On Loan: No      |
| Owens Corning                               | OWENS CORNING             | CUSIP: 690742101<br>LEI: JO5M6676RDJIZ2U8X907 | Long             | EC               | CORP              | US        |     76458 | NS      | $9733867.98   | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Stratasys Ltd                               | STRATASYS LTD             | CUSIP: M85548101<br>LEI: 529900MU215GIP9SZ741 | Long             | EC               | CORP              | IL        |    818327 | NS      | $8690632.74   | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Osisko Development Corp                     | OSISKO DEVELOPME          | CUSIP: 68828E809<br>LEI: 984500A8CC57F67DJ124 | Long             | EC               | CORP              | CA        |   1279879 | NS      | $3954826.11   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Leggett & Platt Inc.                        | LEGGETT & PLATT           | CUSIP: 524660107<br>LEI: DKOVQUCDW4ZLYCUD4T55 | Long             | EC               | CORP              | US        |   1114421 | NS      | $10408692.14  | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| First Foundation Inc.                       | FIRST FOUNDATION          | CUSIP: 32026V104<br>LEI: 254900TQZQ6LBCK77E82 | Long             | EC               | CORP              | US        |    516439 | NS      | $2809428.16   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Karman Holdings Inc.                        | KARMAN HOLDINGS           | CUSIP: 485924104<br>LEI: N/A                  | Short            | EC               | CORP              | US        |    -36745 | NS      | $-3095398.80  | -0.33%            |  |  |  | No            |                  1 | On Loan: No      |
| RE/MAX Holdings Inc.                        | RE/MAX HOLDINGS           | CUSIP: 75524W108<br>LEI: 54930033W2KS56JHAN30 | Long             | EC               | CORP              | US        |    166710 | NS      | $1322010.30   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Black Hills Corporation                     | BLACK HILLS CORP          | CUSIP: 092113109<br>LEI: 3MGELCRSTNSAMJ962671 | Long             | EC               | CORP              | US        |    151330 | NS      | $9598861.90   | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Jack in the Box Inc.                        | JACK IN THE BOX           | CUSIP: 466367109<br>LEI: 5493002OJW26P0SUUP68 | Long             | EC               | CORP              | US        |    337638 | NS      | $5415713.52   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Fair Isaac Corporation                      | FAIR ISAAC CORP           | CUSIP: 303250104<br>LEI: RI6HET5SJUEY30V1PS26 | Short            | EC               | CORP              | US        |     -7539 | NS      | $-12511196.67 | -1.33%            |  |  |  | No            |                  1 | On Loan: No      |
| Applovin Corp.                              | APPLOVIN CO-CL A          | CUSIP: 03831W108<br>LEI: 549300LLVXMUAOL3SQ07 | Short            | EC               | CORP              | US        |    -27033 | NS      | $-17228941.89 | -1.83%            |  |  |  | No            |                  1 | On Loan: No      |
| Palo Alto Networks Inc                      | PALO ALTO NETWOR          | CUSIP: 697435105<br>LEI: 549300QXR2YVZV231H43 | Short            | EC               | CORP              | US        |    -16626 | NS      | $-3661710.24  | -0.39%            |  |  |  | No            |                  1 | On Loan: No      |
| Eldorado Gold Corp                          | ELDORADO GOLD             | CUSIP: 284902509<br>LEI: 5493004PWQ01YDD1IH62 | Long             | EC               | CORP              | CA        |    685085 | NS      | $17565579.40  | 1.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Intuitive Surgical Inc.                     | INTUITIVE SURGIC          | CUSIP: 46120E602<br>LEI: 54930052SRG011710797 | Short            | EC               | CORP              | US        |    -29837 | NS      | $-15941312.36 | -1.70%            |  |  |  | No            |                  1 | On Loan: No      |
| Resources Connection Inc.                   | RESOURCES CONNEC          | CUSIP: 76122Q105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    514526 | NS      | $2263914.40   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Myers Industries Inc.                       | MYERS INDS INC            | CUSIP: 628464109<br>LEI: 549300I2H9XMVTCW4Q51 | Long             | EC               | CORP              | US        |    221367 | NS      | $3836290.11   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Funds Inc.                   | FRST AM-GV OB-X           | CUSIP: 31846V336<br>LEI: 549300J5J5SJCZ9IA369 | Long             | STIV             | RF                | US        |  54307120 | PA      | $54307119.52  | 5.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Getty Images Holdings Inc                   | GETTY IMAGES HOL          | CUSIP: 374275105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   2639311 | NS      | $4961904.68   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| StepStone Group Inc                         | STEPSTONE GROU-A          | CUSIP: 85914M107<br>LEI: N/A                  | Short            | EC               | CORP              | US        |   -121685 | NS      | $-7408182.80  | -0.79%            |  |  |  | No            |                  1 | On Loan: No      |
| Advansix Inc                                | ADVANSIX INC              | CUSIP: 00773T101<br>LEI: 5493009TPRODMCAZLF67 | Long             | EC               | CORP              | US        |    148371 | NS      | $2758216.89   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Credo Technology Group Holding Ltd          | CREDO TECHNOLOGY          | CUSIP: G25457105<br>LEI: N/A                  | Short            | EC               | CORP              | KY        |    -20992 | NS      | $-3938519.04  | -0.42%            |  |  |  | No            |                  1 | On Loan: No      |
| Tootsie Roll Industries Inc.                | TOOTSIE ROLL IND          | CUSIP: 890516107<br>LEI: 529900SBKOV9XX4M4Q35 | Short            | EC               | CORP              | US        |    -31773 | NS      | $-1121269.17  | -0.12%            |  |  |  | No            |                  1 | On Loan: No      |
| Coastal Financial Corp.                     | COASTAL FINANCIAL CORP/WA | CUSIP: 19046P209<br>LEI: 549300XG5L36T6IU0B47 | Short            | EC               | CORP              | US        |    -36486 | NS      | $-3885759.00  | -0.41%            |  |  |  | No            |                  1 | On Loan: No      |
| Nomad Foods Ltd.                            | NOMAD FOODS               | CUSIP: G6564A105<br>LEI: 5493000ZZ1837DS2SI43 | Long             | EC               | CORP              | VG        |    767331 | NS      | $8670840.30   | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Concentrix Corp.                            | CONCENTRIX CORP           | CUSIP: 20602D101<br>LEI: 5493000EAJN1KMPVA737 | Long             | EC               | CORP              | US        |    389551 | NS      | $15702800.81  | 1.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Corecivic Inc                               | CORECIVIC INC             | CUSIP: 21871N101<br>LEI: 529900JFA3K6PTLT8B15 | Long             | EC               | CORP              | US        |    198648 | NS      | $3680947.44   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Blackstone Inc                              | BLACKSTONE INC            | CUSIP: 09260D107<br>LEI: 5299004LW4QWGZUB8Y96 | Short            | EC               | CORP              | US        |    -99619 | NS      | $-14608130.16 | -1.56%            |  |  |  | No            |                  1 | On Loan: No      |
| Global Payments Inc                         | GLOBAL PAYMENTS           | CUSIP: 37940X102<br>LEI: 549300NOMHGVQBX6S778 | Long             | EC               | CORP              | US        |    322818 | NS      | $25102327.68  | 2.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Wiley John & Sons Inc.                      | WILEY JOHN&SON-A          | CUSIP: 968223206<br>LEI: 5493003XM719UN7E8P64 | Long             | EC               | CORP              | US        |     13186 | NS      | $486167.82    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Newmarket Corporation                       | NEWMARKET CORP            | CUSIP: 651587107<br>LEI: 54930082CG88ERDREQ47 | Short            | EC               | CORP              | US        |     -2507 | NS      | $-1925125.30  | -0.20%            |  |  |  | No            |                  1 | On Loan: No      |
| Sofi Technologies Inc                       | SOFI TECHNOLOGIE          | CUSIP: 83406F102<br>LEI: 549300SW81JCMVZDDY09 | Short            | EC               | CORP              | US        |   -186410 | NS      | $-5532648.80  | -0.59%            |  |  |  | No            |                  1 | On Loan: No      |
| Blue Owl Capital Inc                        | BLUE OWL CAPITAL          | CUSIP: 09581B103<br>LEI: N/A                  | Short            | EC               | CORP              | US        |   -574125 | NS      | $-9053951.25  | -0.96%            |  |  |  | No            |                  1 | On Loan: No      |
| Tennant Co                                  | TENNANT CO                | CUSIP: 880345103<br>LEI: JYAIRLT8DVP6DP8UT336 | Long             | EC               | CORP              | US        |    154013 | NS      | $12321040.00  | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Dow Inc                                     | DOW INC                   | CUSIP: 260557103<br>LEI: 5493003S21INSLK2IP73 | Long             | EC               | CORP              | US        |    166193 | NS      | $3963703.05   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| The Lovesac Company                         | LOVESAC CO/THE            | CUSIP: 54738L109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     33378 | NS      | $462952.86    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Nova Ltd                                    | NOVA LTD                  | CUSIP: M7516K103<br>LEI: 529900B2DSWE5V3SC292 | Short            | EC               | CORP              | IL        |     -6046 | NS      | $-2083693.44  | -0.22%            |  |  |  | No            |                  1 | On Loan: No      |
| Archer Aviation Inc                         | ARCHER AVIATIO-A          | CUSIP: 03945R102<br>LEI: N/A                  | Short            | EC               | CORP              | US        |   -103042 | NS      | $-1156131.24  | -0.12%            |  |  |  | No            |                  1 | On Loan: No      |
| Stevanato Group S.p.A.                      | STEVANATO GROUP           | CUSIP: T9224W109<br>LEI: 81560033F7E1CD477507 | Short            | EC               | CORP              | IT        |    -80154 | NS      | $-2021483.88  | -0.22%            |  |  |  | No            |                  1 | On Loan: No      |
| Graftech Intl Ltd                           | GRAFTECH INTERNA          | CUSIP: 384313607<br>LEI: 549300GY32W00XP57351 | Long             | EC               | CORP              | US        |     49691 | NS      | $670828.50    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Vishay Intertechnology, Inc.                | VISHAY INTERTECH          | CUSIP: 928298108<br>LEI: 5493009O8F3QQJTCQR75 | Long             | EC               | CORP              | US        |    560175 | NS      | $9511771.50   | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Evertec Inc                                 | EVERTEC INC               | CUSIP: 30040P103<br>LEI: N/A                  | Long             | EC               | CORP              | PR        |    115571 | NS      | $3290306.37   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Rapid7 Inc.                                 | RAPID7 INC                | CUSIP: 753422104<br>LEI: 549300GNVG5D60KEYN14 | Long             | EC               | CORP              | US        |    287864 | NS      | $5328362.64   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| United Parcel Service, Inc.                 | UNITED PARCEL-B           | CUSIP: 911312106<br>LEI: D01LMJZU09ULLNCY6Z23 | Long             | EC               | CORP              | US        |     35386 | NS      | $3411918.12   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Ionq Inc                                    | IONQ INC                  | CUSIP: 46222L108<br>LEI: N/A                  | Short            | EC               | CORP              | US        |    -72337 | NS      | $-4512382.06  | -0.48%            |  |  |  | No            |                  1 | On Loan: No      |
| Comfort Systems USA Inc.                    | COMFORT SYSTEMS           | CUSIP: 199908104<br>LEI: 5299009DT1ZA5HTU6R38 | Short            | EC               | CORP              | US        |    -18506 | NS      | $-17869023.48 | -1.90%            |  |  |  | No            |                  1 | On Loan: No      |
| Mativ Holdings Inc                          | MATIV INC                 | CUSIP: 808541106<br>LEI: 549300Z1FU4IDULG1R21 | Long             | EC               | CORP              | US        |    788406 | NS      | $8420176.08   | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Monro Inc                                   | MONRO INC                 | CUSIP: 610236101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    383445 | NS      | $5617469.25   | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| GE Vernova Inc.                             | GE VERNOVA LLC            | CUSIP: 36828A101<br>LEI: 254900DP080RU6OK2553 | Short            | EC               | CORP              | US        |     -8063 | NS      | $-4717983.82  | -0.50%            |  |  |  | No            |                  1 | On Loan: No      |
| Sally Beauty Holdings Inc.                  | SALLY BEAUTY HOL          | CUSIP: 79546E104<br>LEI: 529900VXW6E8ONDIQ271 | Long             | EC               | CORP              | US        |    321648 | NS      | $4860101.28   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Lumentum Holdings Inc.                      | LUMENTUM HOL              | CUSIP: 55024U109<br>LEI: 549300JLWRRC38DWEF52 | Short            | EC               | CORP              | US        |     -3319 | NS      | $-668977.64   | -0.07%            |  |  |  | No            |                  1 | On Loan: No      |
| Oklo Inc.                                   | OKLO INC                  | CUSIP: 02156V109<br>LEI: N/A                  | Short            | EC               | CORP              | US        |     -6261 | NS      | $-831272.97   | -0.09%            |  |  |  | No            |                  1 | On Loan: No      |
| DoubleVerify Holdings Inc                   | DOUBLEVERIFY HOL          | CUSIP: 25862V105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    855148 | NS      | $9731584.24   | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Select Medical Holdings Corporation         | SELECT MEDICAL            | CUSIP: 81619Q105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    345521 | NS      | $4778555.43   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Boot Barn Holdings Inc                      | BOOT BARN HOLDIN          | CUSIP: 099406100<br>LEI: 529900QE1BFMYA3N4E71 | Short            | EC               | CORP              | US        |    -25126 | NS      | $-4765145.90  | -0.51%            |  |  |  | No            |                  1 | On Loan: No      |
| Shimano Inc.                                | SHIMANO INC               | CUSIP: J72262108<br>LEI: 529900L32YT3P9DECR10 | Long             | EC               | CORP              | JP        |      8112 | NS      | $853010.96    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Loar Holdings Inc                           | LOAR HOLDINGS IN          | CUSIP: 53947R105<br>LEI: N/A                  | Short            | EC               | CORP              | US        |   -174376 | NS      | $-13798372.88 | -1.47%            |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-11-28

**Name of Applicant:** NORTHERN LIGHTS FUND TRUST II

**Signature:** Erik Naviloff

**Name of Signer:** Erik Naviloff

**Title:** Treasurer