# EDGAR Filing Document

**Accession Number:** 0001359057
**File Stem:** 0000894189-25-011615
**Filing Date:** 2025-10
**Character Count:** 26224
**Document Hash:** 78013ca5c7c92adb844ed633ee5b8259
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000894189-25-011615.hdr.sgml**: 20251022

**ACCESSION NUMBER**: 0000894189-25-011615

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250831

**FILED AS OF DATE**: 20251022

**DATE AS OF CHANGE**: 20251022

**PERIOD START**: 20250831

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Manager Directed Portfolios
- **CENTRAL INDEX KEY:** 0001359057

**ORGANIZATION NAME:**
- **EIN:** 571138125
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0630

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-21897
- **FILM NUMBER:** 251409402

**BUSINESS ADDRESS:**
- **STREET 1:** C/O U.S. BANCORP FUND SERVICES, LLC
- **STREET 2:** 615 E. MICHIGAN STREET
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53202
- **BUSINESS PHONE:** 9522306140

**MAIL ADDRESS:**
- **STREET 1:** C/O U.S. BANCORP FUND SERVICES, LLC
- **STREET 2:** 615 E. MICHIGAN STREET
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53202

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Roxbury Funds
- **DATE OF NAME CHANGE:** 20060411

## Series and Classes Contracts Data

### SWP GROWTH & INCOME ETF (Series ID: S000087763)

| Class ID   | Class Name              | Ticker Symbol   |
|:---|:---|:---|
| C000253723 | SWP GROWTH & INCOME ETF | SWP             |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Manager Directed Portfolios

- **b. Investment Company Act file number:** 811-21897

- **c. CIK number of Registrant:** 0001359057

- **d. LEI of Registrant:** 549300WAC9XE08QLVP90

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

  - **Street Address 1:** 615 E. Michigan Street

  - **City:** Milwaukee

  - **State:** WI

  - **Foreign country:** US

  - **Zip / Postal Code:** 53202

  - **Telephone number:** 4145163123

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

- **a. Name of Series:** SWP Growth & Income ETF

- **b. EDGAR series identifier (if any):** S000087763

- **c. LEI of Series:** 529900L25S7UAX8SZO75

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

- **a. Date of fiscal year-end:** 2025-08-31

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

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $100272198.88

**Total Liabilities:** $453207.74

**Net Assets:** $99818991.14

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000253723 | 5.32%                | 3.25%                | 1.58%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $494295.33               | $4139522.93                                |
| Month 2  | $2559484.41              | $-418636.57                                |
| Month 3  | $1035783.29              | $139777.70                                 |

**Designated Index Information**

- **Index Name:** N/A

- **Index Identifier:** N/A

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Apple Inc                      | Apple Inc                                 | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |     18853 | NS      | $4376535.42   | 4.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Blackstone Inc                 | Blackstone Inc                            | CUSIP: 09260D107<br>LEI: 5299004LW4QWGZUB8Y96 | Long             | EC               | CORP              | US        |     14357 | NS      | $2460789.80   | 2.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Flowserve Corp                 | Flowserve Corp                            | CUSIP: 34354P105<br>LEI: 6Y0GK87T6V7NJKZJVM41 | Long             | EC               | CORP              | US        |     32200 | NS      | $1727852.00   | 1.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Freeport-McMoRan Inc           | Freeport-McMoRan Inc                      | CUSIP: 35671D857<br>LEI: 549300IRDTHJQ1PVET45 | Long             | EC               | CORP              | US        |     35427 | NS      | $1572958.80   | 1.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Roper Technologies Inc         | Roper Technologies Inc                    | CUSIP: 776696106<br>LEI: 54930003T4SXCIWVXY35 | Long             | EC               | CORP              | US        |      2936 | NS      | $1545246.16   | 1.55%             |  |  |  | No            |                  1 | On Loan: No      |
| TJX Cos Inc/The                | TJX Cos Inc/The                           | CUSIP: 872540109<br>LEI: V167QI9I69W364E2DY52 | Long             | EC               | CORP              | US        |     14973 | NS      | $2045461.53   | 2.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Applied Industrial Technologie | Applied Industrial Technologies Inc       | CUSIP: 03820C105<br>LEI: 549300NU173IJRC6PO38 | Long             | EC               | CORP              | US        |      8363 | NS      | $2204319.54   | 2.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Emerson Electric Co            | Emerson Electric Co                       | CUSIP: 291011104<br>LEI: FGLT0EWZSUIRRITFOA30 | Long             | EC               | CORP              | US        |     16068 | NS      | $2120976.00   | 2.12%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase & Co            | JPMorgan Chase & Co                       | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |      8403 | NS      | $2532832.26   | 2.54%             |  |  |  | No            |                  1 | On Loan: No      |
| NextEra Energy Inc             | NextEra Energy Inc                        | CUSIP: 65339F101<br>LEI: 254900RHL9MEUS5NKX63 | Long             | EC               | CORP              | US        |     24828 | NS      | $1788857.40   | 1.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Oracle Corp                    | Oracle Corp                               | CUSIP: 68389X105<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | EC               | CORP              | US        |     12627 | NS      | $2855343.51   | 2.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Stryker Corp                   | Stryker Corp                              | CUSIP: 863667101<br>LEI: 5493002F0SC4JTBU5137 | Long             | EC               | CORP              | US        |      4396 | NS      | $1720638.36   | 1.72%             |  |  |  | No            |                  1 | On Loan: No      |
| TSMC                           | Taiwan Semiconductor Manufacturing Co Ltd | CUSIP: 874039100<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |      4874 | NS      | $1125260.38   | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Visa Inc                       | Visa Inc                                  | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |      4761 | NS      | $1674824.58   | 1.68%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Broadcom Inc                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -117 | NC      | $-11115.00    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Blackstone Inc                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -121 | NC      | $-17545.00    | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Salesforce Inc                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -86 | NC      | $-35260.00    | -0.04%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Eaton Corp PLC                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -43 | NC      | $-2580.00     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Microsoft Corp                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -113 | NC      | $-1469.00     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Oracle Corp                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -106 | NC      | $-8586.00     | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Cencora Inc                    | Cencora Inc                               | CUSIP: 03073E105<br>LEI: AI8GXW8LG5WK7E9UD086 | Long             | EC               | CORP              | US        |      6943 | NS      | $2024648.23   | 2.03%             |  |  |  | No            |                  1 | On Loan: No      |
| AstraZeneca PLC                | AstraZeneca PLC                           | CUSIP: 046353108<br>LEI: PY6ZZQWO2IZFZC3IOL08 | Long             | EC               | CORP              | GB        |     28211 | NS      | $2254058.90   | 2.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Blackrock Inc                  | Blackrock Inc                             | CUSIP: 09290D101<br>LEI: 529900VBK42Y5HHRMD23 | Long             | EC               | CORP              | US        |      2068 | NS      | $2330925.52   | 2.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadcom Inc                   | Broadcom Inc                              | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |     13910 | NS      | $4136694.90   | 4.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Dick's Sporting Goods Inc      | Dick's Sporting Goods Inc                 | CUSIP: 253393102<br>LEI: 529900SSBV5I4LWSK313 | Long             | EC               | CORP              | US        |     10182 | NS      | $2166729.60   | 2.17%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Treasury Obliga | First American Treasury Obligations Fund  | CUSIP: 31846V328<br>LEI: 549300UU586IAH2B8H03 | Long             | STIV             | RF                | US        |   2220064 | NS      | $2220063.92   | 2.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs Group Inc/The    | Goldman Sachs Group Inc/The               | CUSIP: 38141G104<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | EC               | CORP              | US        |      2016 | NS      | $1502424.00   | 1.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Kinder Morgan Inc              | Kinder Morgan Inc                         | CUSIP: 49456B101<br>LEI: 549300WR7IX8XE0TBO16 | Long             | EC               | CORP              | US        |     78848 | NS      | $2127319.04   | 2.13%             |  |  |  | No            |                  1 | On Loan: No      |
| PNC Financial Services Group I | PNC Financial Services Group Inc/The      | CUSIP: 693475105<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | EC               | CORP              | US        |     10109 | NS      | $2097010.96   | 2.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Prologis Inc                   | Prologis Inc                              | CUSIP: 74340W103<br>LEI: 529900DFH19P073LZ636 | Long             | EC               | CORP              | US        |     15703 | NS      | $1786687.34   | 1.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Target Corp                    | Target Corp                               | CUSIP: 87612E106<br>LEI: 8WDDFXB5T1Z6J0XC1L66 | Long             | EC               | CORP              | US        |     16963 | NS      | $1628108.74   | 1.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Union Pacific Corp             | Union Pacific Corp                        | CUSIP: 907818108<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | EC               | CORP              | US        |      7077 | NS      | $1582204.89   | 1.59%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Emerson Electric Co                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -126 | NC      | $-4158.00     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Medtronic PLC                             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -187 | NC      | $-25058.00    | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | NextEra Energy Inc                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -209 | NC      | $-3135.00     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Target Corp                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -143 | NC      | $-4576.00     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc                   | Alphabet Inc                              | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |     16642 | NS      | $3543248.22   | 3.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Baker Hughes Co                | Baker Hughes Co                           | CUSIP: 05722G100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     51838 | NS      | $2353445.20   | 2.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Home Depot Inc/The             | Home Depot Inc/The                        | CUSIP: 437076102<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | EC               | CORP              | US        |      4397 | NS      | $1788567.69   | 1.79%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | AstraZeneca PLC                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -239 | NC      | $-6692.00     | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Alphabet Inc                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -140 | NC      | $-36540.00    | -0.04%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Jefferies Financial Group Inc             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -292 | NC      | $-52560.00    | -0.05%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | JPMorgan Chase & Co                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -70 | NC      | $-16660.00    | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corp                 | Microsoft Corp                            | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |     13343 | NS      | $6760764.67   | 6.77%             |  |  |  | No            |                  1 | On Loan: No      |
| AbbVie Inc                     | AbbVie Inc                                | CUSIP: 00287Y109<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | EC               | CORP              | US        |      9313 | NS      | $1959455.20   | 1.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Duke Energy Corp               | Duke Energy Corp                          | CUSIP: 26441C204<br>LEI: I1BZKREC126H0VB1BL91 | Long             | EC               | CORP              | US        |     14973 | NS      | $1834042.77   | 1.84%             |  |  |  | No            |                  1 | On Loan: No      |
| IBM                            | International Business Machines Corp      | CUSIP: 459200101<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | EC               | CORP              | US        |      7396 | NS      | $1800852.04   | 1.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Jefferies Financial Group Inc  | Jefferies Financial Group Inc             | CUSIP: 47233W109<br>LEI: 549300HOF34RGOJ5YL07 | Long             | EC               | CORP              | US        |     34446 | NS      | $2233823.10   | 2.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Eli Lilly & Co                 | Eli Lilly & Co                            | CUSIP: 532457108<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | EC               | CORP              | US        |      2770 | NS      | $2029246.60   | 2.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Match Group Inc                | Match Group Inc                           | CUSIP: 57667L107<br>LEI: 15OMOPB0A8K0EFUVD031 | Long             | EC               | CORP              | US        |     43573 | NS      | $1627015.82   | 1.63%             |  |  |  | No            |                  1 | On Loan: No      |
| RTX Corp                       | RTX Corp                                  | CUSIP: 75513E101<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | EC               | CORP              | US        |     13258 | NS      | $2102718.80   | 2.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Salesforce Inc                 | Salesforce Inc                            | CUSIP: 79466L302<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | EC               | CORP              | US        |     10310 | NS      | $2641937.50   | 2.65%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Baker Hughes Co                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -438 | NC      | $-19710.00    | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Cameco Corp                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -194 | NC      | $-39964.00    | -0.04%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Digital Realty Trust Inc                  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -93 | NC      | $-3952.50     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Freeport-McMoRan Inc                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -300 | NC      | $-15000.00    | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Goldman Sachs Group Inc/The               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -17 | NC      | $-6426.00     | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Kinder Morgan Inc                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -668 | NC      | $-3340.00     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Eli Lilly & Co                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -22 | NC      | $-5280.00     | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Philip Morris International Inc           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -132 | NC      | $-5544.00     | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Cameco Corp                    | Cameco Corp                               | CUSIP: 13321L108<br>LEI: N4BHALMXL3GMZKCUON55 | Long             | EC               | CORP              | CA        |     23042 | NS      | $1783220.38   | 1.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Citigroup Inc                  | Citigroup Inc                             | CUSIP: 172967424<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | EC               | CORP              | US        |     23245 | NS      | $2244769.65   | 2.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Digital Realty Trust Inc       | Digital Realty Trust Inc                  | CUSIP: 253868103<br>LEI: 549300HKCZ31D08NEI41 | Long             | EC               | CORP              | US        |     11868 | NS      | $1989551.52   | 1.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Philip Morris International In | Philip Morris International Inc           | CUSIP: 718172109<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | EC               | CORP              | US        |     15703 | NS      | $2624442.39   | 2.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Vulcan Materials Co            | Vulcan Materials Co                       | CUSIP: 929160109<br>LEI: 549300Q8LSNHAVWBNI21 | Long             | EC               | CORP              | US        |      4031 | NS      | $1173665.96   | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Apple Inc                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -159 | NC      | $-7791.00     | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Citigroup Inc                             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -196 | NC      | $-5096.00     | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Dick's Sporting Goods Inc                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -85 | NC      | $-1700.00     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Eaton Corp PLC                 | Eaton Corp PLC                            | CUSIP: N/A<br>LEI: 549300VDIGTMXUNT7H71       | Long             | EC               | CORP              | IE        |      5210 | NS      | $1819019.40   | 1.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Medtronic PLC                  | Medtronic PLC                             | CUSIP: N/A<br>LEI: 549300GX3ZBSQWUXY261       | Long             | EC               | CORP              | IE        |     23733 | NS      | $2202659.73   | 2.21%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Match Group Inc                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -369 | NC      | $-30811.50    | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-10-21

**Name of Applicant:** Manager Directed Portfolios

**Signature:** /s/ Ryan Frank

**Name of Signer:** Ryan Frank

**Title:** President