# EDGAR Filing Document

**Accession Number:** 0001537140
**File Stem:** 0000910472-25-003972
**Filing Date:** 2025-11
**Character Count:** 180006
**Document Hash:** 918669963afe906a93f3767244168394
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-25-003972.hdr.sgml**: 20251125

**ACCESSION NUMBER**: 0000910472-25-003972

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251125

**DATE AS OF CHANGE**: 20251125

**PERIOD START**: 20260630

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** NORTHERN LIGHTS FUND TRUST III
- **CENTRAL INDEX KEY:** 0001537140

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22655
- **FILM NUMBER:** 251517368

**BUSINESS ADDRESS:**
- **STREET 1:** 225 PICTORIA DRIVE
- **STREET 2:** SUITE 450
- **CITY:** CINCINNATI
- **STATE:** OH
- **ZIP:** 45246
- **BUSINESS PHONE:** 631-470-2621

**MAIL ADDRESS:**
- **STREET 1:** 17605 WRIGHT STREET
- **CITY:** OMAHA
- **STATE:** NE
- **ZIP:** 68130

## Series and Classes Contracts Data

### HCM Defender 500 Index ETF (Series ID: S000066142)

| Class ID   | Class Name                 | Ticker Symbol   |
|:---|:---|:---|
| C000213733 | HCM Defender 500 Index ETF | LGH             |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **HCM DEFENDER 500 INDEX ETF** | **HCM DEFENDER 500 INDEX ETF** | **HCM DEFENDER 500 INDEX ETF** |
| **SCHEDULE OF INVESTMENTS (Unaudited)** | **SCHEDULE OF INVESTMENTS (Unaudited)** | **SCHEDULE OF INVESTMENTS (Unaudited)** |
| **September 30, 2025** | **September 30, 2025** | **September 30, 2025** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 80.4%** |  |
|  | **ADVERTISING & MARKETING - 0.0%<sup>(a)</sup>** |  |
| 1158 | Omnicom Group, Inc. | &nbsp;&nbsp;&nbsp; $94412 |
| 2962 | Trade Desk, Inc. (The), Class A<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 145167 |
|  |  | &nbsp;&nbsp; 239579 |
|  | **AEROSPACE & DEFENSE - 1.1%** |  |
| 5090 | Boeing Company (The)<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 1098575 |
| 1462 | General Dynamics Corporation | &nbsp;&nbsp;&nbsp; 498542 |
| 2263 | Howmet Aerospace, Inc. | &nbsp;&nbsp;&nbsp; 444068 |
| 1214 | L3Harris Technologies, Inc. | &nbsp;&nbsp;&nbsp; 370768 |
| 1776 | Lockheed Martin Corporation, Class B | &nbsp;&nbsp;&nbsp; 886597 |
| 1003 | Northrop Grumman Corporation | &nbsp;&nbsp;&nbsp; 611148 |
| 9968 | RTX Corporation | &nbsp;&nbsp;&nbsp; 1667944 |
| 270 | Teledyne Technologies, Inc.<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 158231 |
| 381 | TransDigm Group, Inc. | &nbsp;&nbsp;&nbsp; 502166 |
|  |  | &nbsp;&nbsp; 6238039 |
|  | **APPAREL & TEXTILE PRODUCTS - 0.1%** |  |
| 1049 | Deckers Outdoor Corporation<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 106337 |
| 7514 | NIKE, Inc., Class B | &nbsp;&nbsp;&nbsp; 523951 |
|  |  | &nbsp;&nbsp; 630288 |
|  | **ASSET MANAGEMENT - 0.9%** |  |
| 630 | Ameriprise Financial, Inc. | &nbsp;&nbsp;&nbsp; 309488 |
| 2650 | Apollo Global Management, Inc. | &nbsp;&nbsp;&nbsp; 353166 |
| 1059 | Ares Management Corporation, Class A | &nbsp;&nbsp;&nbsp; 169324 |
| 1142 | Blackrock, Inc. | &nbsp;&nbsp;&nbsp; 1331423 |
| 5070 | Blackstone, Inc. | &nbsp;&nbsp;&nbsp; 866210 |
| 11056 | Charles Schwab Corporation (The) | &nbsp;&nbsp;&nbsp; 1055515 |
| 4448 | KKR & Company, Inc. | &nbsp;&nbsp;&nbsp; 578018 |
| 514 | LPL Financial Holdings, Inc. | &nbsp;&nbsp;&nbsp; 171003 |
| 1209 | Raymond James Financial, Inc. | &nbsp;&nbsp;&nbsp; 208673 |
| 1433 | T Rowe Price Group, Inc. | &nbsp;&nbsp;&nbsp; 147083 |
|  |  | &nbsp;&nbsp; 5189903 |
|  | **AUTOMOTIVE - 2.1%** |  |
| 25974 | Ford Motor Company | &nbsp;&nbsp;&nbsp; 310649 |
| 7526 | General Motors Company | &nbsp;&nbsp;&nbsp; 458860 |

---

---

| | | |
|:---|:---|:---|
| **HCM DEFENDER 500 INDEX ETF** | **HCM DEFENDER 500 INDEX ETF** | **HCM DEFENDER 500 INDEX ETF** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **September 30, 2025** | **September 30, 2025** | **September 30, 2025** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 80.4% (Continued)** |  |
|  | **AUTOMOTIVE - 2.1% (Continued)** |  |
| 25158 | Tesla, Inc.<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; $11188266 |
|  |  | &nbsp;&nbsp; 11957775 |
|  | **BANKING - 2.7%** |  |
| 47941 | Bank of America Corporation | &nbsp;&nbsp;&nbsp; 2473276 |
| 13650 | Citigroup, Inc. | &nbsp;&nbsp;&nbsp; 1385475 |
| 3416 | Citizens Financial Group, Inc. | &nbsp;&nbsp;&nbsp; 181595 |
| 4781 | Fifth Third Bancorp | &nbsp;&nbsp;&nbsp; 212994 |
| 8780 | Huntington Bancshares, Inc. | &nbsp;&nbsp;&nbsp; 151631 |
| 20675 | JPMorgan Chase & Company | &nbsp;&nbsp;&nbsp; 6521515 |
| 8594 | KeyCorporation | &nbsp;&nbsp;&nbsp; 160622 |
| 995 | M&T Bank Corporation | &nbsp;&nbsp;&nbsp; 196632 |
| 2666 | PNC Financial Services Group, Inc. (The) | &nbsp;&nbsp;&nbsp; 535679 |
| 6270 | Regions Financial Corporation | &nbsp;&nbsp;&nbsp; 165340 |
| 9012 | Truist Financial Corporation | &nbsp;&nbsp;&nbsp; 412029 |
| 9543 | US Bancorp | &nbsp;&nbsp;&nbsp; 461213 |
| 24293 | Wells Fargo & Company | &nbsp;&nbsp;&nbsp; 2036239 |
|  |  | &nbsp;&nbsp; 14894240 |
|  | **BEVERAGES - 0.7%** |  |
| 29970 | Coca-Cola Company (The) | &nbsp;&nbsp;&nbsp; 1987610 |
| 934 | Constellation Brands, Inc., Class A | &nbsp;&nbsp;&nbsp; 125782 |
| 7854 | Keurig Dr Pepper, Inc. | &nbsp;&nbsp;&nbsp; 200356 |
| 4426 | Monster Beverage Corporation<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 297914 |
| 10854 | PepsiCo, Inc. | &nbsp;&nbsp;&nbsp; 1524336 |
|  |  | &nbsp;&nbsp; 4135998 |
|  | **BIOTECH & PHARMA - 3.9%** |  |
| 14201 | AbbVie, Inc. | &nbsp;&nbsp;&nbsp; 3288100 |
| 854 | Alnylam Pharmaceuticals, Inc.<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 389424 |
| 4416 | Amgen, Inc. | &nbsp;&nbsp;&nbsp; 1246195 |
| 1131 | Biogen, Inc.<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 158430 |
| 16123 | Bristol-Myers Squibb Company | &nbsp;&nbsp;&nbsp; 727147 |
| 8824 | Eli Lilly & Company | &nbsp;&nbsp;&nbsp; 6732712 |
| 10082 | Gilead Sciences, Inc. | &nbsp;&nbsp;&nbsp; 1119102 |
| 18621 | Johnson & Johnson | &nbsp;&nbsp;&nbsp; 3452706 |
| 21183 | Merck & Company, Inc. | &nbsp;&nbsp;&nbsp; 1777889 |

---

---

| | | |
|:---|:---|:---|
| **HCM DEFENDER 500 INDEX ETF** | **HCM DEFENDER 500 INDEX ETF** | **HCM DEFENDER 500 INDEX ETF** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **September 30, 2025** | **September 30, 2025** | **September 30, 2025** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 80.4% (Continued)** |  |
|  | **BIOTECH & PHARMA - 3.9% (Continued)** |  |
| 44885 | Pfizer, Inc. | &nbsp;&nbsp;&nbsp; $1143670 |
| 724 | Regeneron Pharmaceuticals, Inc. | &nbsp;&nbsp;&nbsp; 407083 |
| 2300 | Vertex Pharmaceuticals, Inc.<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 900772 |
| 3050 | Zoetis, Inc. | &nbsp;&nbsp;&nbsp; 446276 |
|  |  | &nbsp;&nbsp; 21789506 |
|  | **CABLE & SATELLITE - 0.2%** |  |
| 651 | Charter Communications, Inc., Class A<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 179093 |
| 28431 | Comcast Corporation, Class A | &nbsp;&nbsp;&nbsp; 893302 |
|  |  | &nbsp;&nbsp; 1072395 |
|  | **CHEMICALS - 0.7%** |  |
| 1492 | Air Products and Chemicals, Inc. | &nbsp;&nbsp;&nbsp; 406898 |
| 504 | Avery Dennison Corporation | &nbsp;&nbsp;&nbsp; 81734 |
| 4029 | Corteva, Inc. | &nbsp;&nbsp;&nbsp; 272481 |
| 4565 | Dow, Inc. | &nbsp;&nbsp;&nbsp; 104675 |
| 2676 | DuPont de Nemours, Inc. | &nbsp;&nbsp;&nbsp; 208460 |
| 1570 | Ecolab, Inc. | &nbsp;&nbsp;&nbsp; 429960 |
| 1785 | International Flavors & Fragrances, Inc. | &nbsp;&nbsp;&nbsp; 109849 |
| 3630 | Linde PLC | &nbsp;&nbsp;&nbsp; 1724251 |
| 1553 | LyondellBasell Industries N.V., Class A | &nbsp;&nbsp;&nbsp; 76159 |
| 1628 | PPG Industries, Inc. | &nbsp;&nbsp;&nbsp; 171119 |
| 1512 | Sherwin-Williams Company (The) | &nbsp;&nbsp;&nbsp; 523545 |
|  |  | &nbsp;&nbsp; 4109131 |
|  | **COMMERCIAL SUPPORT SERVICES - 0.2%** |  |
| 2262 | Cintas Corporation | &nbsp;&nbsp;&nbsp; 464298 |
| 1412 | Republic Services, Inc. | &nbsp;&nbsp;&nbsp; 324026 |
| 2652 | Waste Management, Inc. | &nbsp;&nbsp;&nbsp; 585641 |
|  |  | &nbsp;&nbsp; 1373965 |
|  | **CONSTRUCTION MATERIALS - 0.2%** |  |
| 333 | Carlisle Companies, Inc. | &nbsp;&nbsp;&nbsp; 109544 |
| 4741 | CRH PLC | &nbsp;&nbsp;&nbsp; 568445 |
| 409 | Martin Marietta Materials, Inc. | &nbsp;&nbsp;&nbsp; 257785 |
| 825 | Vulcan Materials Company | &nbsp;&nbsp;&nbsp; 253787 |
|  |  | &nbsp;&nbsp; 1189561 |

---

---

| | | |
|:---|:---|:---|
| **HCM DEFENDER 500 INDEX ETF** | **HCM DEFENDER 500 INDEX ETF** | **HCM DEFENDER 500 INDEX ETF** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **September 30, 2025** | **September 30, 2025** | **September 30, 2025** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 80.4% (Continued)** |  |
|  | **CONTAINERS & PACKAGING - 0.1%** |  |
| 1717 | Ball Corporation | &nbsp;&nbsp;&nbsp; $86571 |
| 1979 | International Paper Company | &nbsp;&nbsp;&nbsp; 91826 |
| 722 | Packaging Corporation of America | &nbsp;&nbsp;&nbsp; 157345 |
|  |  | &nbsp;&nbsp; 335742 |
|  | **DATA CENTER REIT - 0.2%** |  |
| 2124 | Digital Realty Trust, Inc. | &nbsp;&nbsp;&nbsp; 367197 |
| 661 | Equinix, Inc. | &nbsp;&nbsp;&nbsp; 517722 |
|  |  | &nbsp;&nbsp; 884919 |
|  | **DIVERSIFIED INDUSTRIALS - 1.1%** |  |
| 3463 | 3M Company | &nbsp;&nbsp;&nbsp; 537388 |
| 1011 | Dover Corporation | &nbsp;&nbsp;&nbsp; 168665 |
| 2884 | Eaton Corporation PLC | &nbsp;&nbsp;&nbsp; 1079337 |
| 3568 | Emerson Electric Company | &nbsp;&nbsp;&nbsp; 468050 |
| 7669 | General Electric Company | &nbsp;&nbsp;&nbsp; 2306989 |
| 4967 | Honeywell International, Inc. | &nbsp;&nbsp;&nbsp; 1045554 |
| 2001 | Illinois Tool Works, Inc. | &nbsp;&nbsp;&nbsp; 521781 |
|  |  | &nbsp;&nbsp; 6127764 |
|  | **E-COMMERCE DISCRETIONARY - 3.7%** |  |
| 92616 | Amazon.com, Inc.<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 20335696 |
| 3136 | eBay, Inc. | &nbsp;&nbsp;&nbsp; 285219 |
|  |  | &nbsp;&nbsp; 20620915 |
|  | **ELECTRIC UTILITIES - 1.4%** |  |
| 1443 | Alliant Energy Corporation | &nbsp;&nbsp;&nbsp; 97273 |
| 1803 | Ameren Corporation | &nbsp;&nbsp;&nbsp; 188197 |
| 3781 | American Electric Power Company, Inc. | &nbsp;&nbsp;&nbsp; 425363 |
| 4673 | CenterPoint Energy, Inc. | &nbsp;&nbsp;&nbsp; 181312 |
| 1820 | CMS Energy Corporation | &nbsp;&nbsp;&nbsp; 133333 |
| 2471 | Consolidated Edison, Inc. | &nbsp;&nbsp;&nbsp; 248385 |
| 1802 | Constellation Energy Corporation | &nbsp;&nbsp;&nbsp; 592984 |
| 5659 | Dominion Energy, Inc. | &nbsp;&nbsp;&nbsp; 346161 |
| 1306 | DTE Energy Company | &nbsp;&nbsp;&nbsp; 184708 |
| 5165 | Duke Energy Corporation | &nbsp;&nbsp;&nbsp; 639168 |
| 2359 | Edison International | &nbsp;&nbsp;&nbsp; 130406 |
| 2673 | Entergy Corporation | &nbsp;&nbsp;&nbsp; 249097 |

---

---

| | | |
|:---|:---|:---|
| **HCM DEFENDER 500 INDEX ETF** | **HCM DEFENDER 500 INDEX ETF** | **HCM DEFENDER 500 INDEX ETF** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **September 30, 2025** | **September 30, 2025** | **September 30, 2025** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 80.4% (Continued)** |  |
|  | **ELECTRIC UTILITIES - 1.4% (Continued)** |  |
| 2118 | Eversource Energy | &nbsp;&nbsp;&nbsp; $150675 |
| 6858 | Exelon Corporation | &nbsp;&nbsp;&nbsp; 308679 |
| 4183 | FirstEnergy Corporation | &nbsp;&nbsp;&nbsp; 191665 |
| 15547 | NextEra Energy, Inc. | &nbsp;&nbsp;&nbsp; 1173642 |
| 15509 | PG&E Corporation | &nbsp;&nbsp;&nbsp; 233876 |
| 4969 | PPL Corporation | &nbsp;&nbsp;&nbsp; 184648 |
| 3362 | Public Service Enterprise Group, Inc. | &nbsp;&nbsp;&nbsp; 280593 |
| 4112 | Sempra | &nbsp;&nbsp;&nbsp; 369998 |
| 8333 | Southern Company (The) | &nbsp;&nbsp;&nbsp; 789717 |
| 2058 | WEC Energy Group, Inc. | &nbsp;&nbsp;&nbsp; 235826 |
| 3797 | Xcel Energy, Inc. | &nbsp;&nbsp;&nbsp; 306228 |
|  |  | &nbsp;&nbsp; 7641934 |
|  | **ELECTRICAL EQUIPMENT - 0.9%** |  |
| 1549 | AMETEK, Inc. | &nbsp;&nbsp;&nbsp; 291212 |
| 7707 | Amphenol Corporation, Class A | &nbsp;&nbsp;&nbsp; 953741 |
| 4996 | Carrier Global Corporation | &nbsp;&nbsp;&nbsp; 298261 |
| 2545 | Fortive Corporation | &nbsp;&nbsp;&nbsp; 124680 |
| 2001 | GE Vernova, LLC | &nbsp;&nbsp;&nbsp; 1230414 |
| 376 | Hubbell, Inc. | &nbsp;&nbsp;&nbsp; 161797 |
| 3885 | Johnson Controls International plc | &nbsp;&nbsp;&nbsp; 427156 |
| 1165 | Keysight Technologies, Inc.<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 203782 |
| 2746 | Otis Worldwide Corporation | &nbsp;&nbsp;&nbsp; 251067 |
| 822 | Ralliant Corporation | &nbsp;&nbsp;&nbsp; 35946 |
| 608 | Rockwell Automation, Inc. | &nbsp;&nbsp;&nbsp; 212514 |
| 1302 | Trane Technologies PLC | &nbsp;&nbsp;&nbsp; 549392 |
| 1325 | Trimble, Inc.<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 108186 |
| 1837 | Vertiv Holdings Company | &nbsp;&nbsp;&nbsp; 277130 |
|  |  | &nbsp;&nbsp; 5125278 |
|  | **ENGINEERING & CONSTRUCTION - 0.1%** |  |
| 713 | Jacobs Solutions, Inc. | &nbsp;&nbsp;&nbsp; 106850 |
| 949 | Quanta Services, Inc. | &nbsp;&nbsp;&nbsp; 393285 |
|  |  | &nbsp;&nbsp; 500135 |
|  | **ENTERTAINMENT CONTENT - 0.5%** |  |
| 1427 | Electronic Arts, Inc. | &nbsp;&nbsp;&nbsp; 287826 |

---

---

| | | |
|:---|:---|:---|
| **HCM DEFENDER 500 INDEX ETF** | **HCM DEFENDER 500 INDEX ETF** | **HCM DEFENDER 500 INDEX ETF** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **September 30, 2025** | **September 30, 2025** | **September 30, 2025** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 80.4% (Continued)** |  |
|  | **ENTERTAINMENT CONTENT - 0.5% (Continued)** |  |
| 3141 | ROBLOX Corporation, Class A<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; $435091 |
| 1181 | Take-Two Interactive Software, Inc.<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 305123 |
| 11797 | Walt Disney Company (The) | &nbsp;&nbsp;&nbsp; 1350757 |
| 14819 | Warner Bros Discovery, Inc.<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 289415 |
|  |  | &nbsp;&nbsp; 2668212 |
|  | **FOOD - 0.3%** |  |
| 4054 | General Mills, Inc. | &nbsp;&nbsp;&nbsp; 204403 |
| 1045 | Hershey Company (The) | &nbsp;&nbsp;&nbsp; 195467 |
| 1615 | Kellanova | &nbsp;&nbsp;&nbsp; 132462 |
| 1741 | McCormick & Company, Inc. | &nbsp;&nbsp;&nbsp; 116490 |
| 8620 | Mondelez International, Inc., Class A | &nbsp;&nbsp;&nbsp; 538492 |
| 4709 | The Kraft Heinz Company | &nbsp;&nbsp;&nbsp; 122622 |
| 2362 | Tyson Foods, Inc., Class A | &nbsp;&nbsp;&nbsp; 128257 |
|  |  | &nbsp;&nbsp; 1438193 |
|  | **GAMING REIT - 0.0%<sup>(a)</sup>** |  |
| 7036 | VICI Properties, Inc. | &nbsp;&nbsp;&nbsp; 229444 |
|  | **GAS & WATER UTILITIES - 0.1%** |  |
| 1219 | American Water Works Company, Inc. | &nbsp;&nbsp;&nbsp; 169673 |
| 1087 | Atmos Energy Corporation | &nbsp;&nbsp;&nbsp; 185605 |
|  |  | &nbsp;&nbsp; 355278 |
|  | **HEALTH CARE FACILITIES & SERVICES - 1.3%** |  |
| 1502 | Cardinal Health, Inc. | &nbsp;&nbsp;&nbsp; 235754 |
| 1227 | Cencora, Inc. | &nbsp;&nbsp;&nbsp; 383474 |
| 3564 | Centene Corporation<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 127164 |
| 1860 | Cigna Group (The) | &nbsp;&nbsp;&nbsp; 536145 |
| 7848 | CVS Health Corporation | &nbsp;&nbsp;&nbsp; 591661 |
| 1713 | Elevance Health, Inc. | &nbsp;&nbsp;&nbsp; 553505 |
| 1230 | HCA Healthcare, Inc. | &nbsp;&nbsp;&nbsp; 524226 |
| 868 | Humana, Inc. | &nbsp;&nbsp;&nbsp; 225828 |
| 1152 | IQVIA Holdings, Inc.<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 218811 |
| 523 | Labcorp Holdings, Inc. | &nbsp;&nbsp;&nbsp; 150132 |
| 882 | McKesson Corporation | &nbsp;&nbsp;&nbsp; 681380 |
| 407 | Molina Healthcare, Inc.<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 77884 |

---

---

| | | |
|:---|:---|:---|
| **HCM DEFENDER 500 INDEX ETF** | **HCM DEFENDER 500 INDEX ETF** | **HCM DEFENDER 500 INDEX ETF** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **September 30, 2025** | **September 30, 2025** | **September 30, 2025** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 80.4% (Continued)** |  |
|  | **HEALTH CARE FACILITIES & SERVICES - 1.3% (Continued)** |  |
| 757 | Quest Diagnostics, Inc. | &nbsp;&nbsp;&nbsp; $144269 |
| 7496 | UnitedHealth Group, Inc. | &nbsp;&nbsp;&nbsp; 2588368 |
|  |  | &nbsp;&nbsp; 7038601 |
|  | **HEALTH CARE REIT - 0.2%** |  |
| 2698 | Ventas, Inc. | &nbsp;&nbsp;&nbsp; 188833 |
| 4180 | Welltower, Inc. | &nbsp;&nbsp;&nbsp; 744624 |
|  |  | &nbsp;&nbsp; 933457 |
|  | **HOME CONSTRUCTION - 0.1%** |  |
| 1796 | DR Horton, Inc. | &nbsp;&nbsp;&nbsp; 304368 |
| 1626 | Lennar Corporation, Class A | &nbsp;&nbsp;&nbsp; 204941 |
| 17 | NVR, Inc.<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 136589 |
| 1285 | PulteGroup, Inc. | &nbsp;&nbsp;&nbsp; 169787 |
|  |  | &nbsp;&nbsp; 815685 |
|  | **HOUSEHOLD PRODUCTS - 0.7%** |  |
| 1920 | Church & Dwight Company, Inc. | &nbsp;&nbsp;&nbsp; 168250 |
| 968 | Clorox Company (The) | &nbsp;&nbsp;&nbsp; 119354 |
| 5857 | Colgate-Palmolive Company | &nbsp;&nbsp;&nbsp; 468209 |
| 1441 | Estee Lauder Companies, Inc. (The), Class A | &nbsp;&nbsp;&nbsp; 126981 |
| 12957 | Kenvue, Inc. | &nbsp;&nbsp;&nbsp; 210292 |
| 2325 | Kimberly-Clark Corporation | &nbsp;&nbsp;&nbsp; 289091 |
| 18247 | Procter & Gamble Company (The) | &nbsp;&nbsp;&nbsp; 2803651 |
|  |  | &nbsp;&nbsp; 4185828 |
|  | **INDUSTRIAL REIT - 0.1%** |  |
| 6329 | Prologis, Inc. | &nbsp;&nbsp;&nbsp; 724797 |
|  | **INDUSTRIAL SUPPORT SERVICES - 0.2%** |  |
| 7840 | Fastenal Company | &nbsp;&nbsp;&nbsp; 384474 |
| 395 | United Rentals, Inc. | &nbsp;&nbsp;&nbsp; 377091 |
| 290 | WW Grainger, Inc. | &nbsp;&nbsp;&nbsp; 276358 |
|  |  | &nbsp;&nbsp; 1037923 |
|  | **INFRASTRUCTURE REIT - 0.2%** |  |
| 3668 | American Tower Corporation | &nbsp;&nbsp;&nbsp; 705430 |
| 2999 | Crown Castle, Inc. | &nbsp;&nbsp;&nbsp; 289374 |
| 750 | SBA Communications Corporation, Class A | &nbsp;&nbsp;&nbsp; 145013 |

---

---

| | | |
|:---|:---|:---|
| **HCM DEFENDER 500 INDEX ETF** | **HCM DEFENDER 500 INDEX ETF** | **HCM DEFENDER 500 INDEX ETF** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **September 30, 2025** | **September 30, 2025** | **September 30, 2025** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 80.4% (Continued)** |  |
|  | **INFRASTRUCTURE REIT - 0.2% (Continued)** |  |
| 160 | Texas Pacific Land Corporation | &nbsp;&nbsp;&nbsp; $149382 |
|  |  | &nbsp;&nbsp; 1289199 |
|  | **INSTITUTIONAL FINANCIAL SERVICES - 1.0%** |  |
| 4691 | Bank of New York Mellon Corporation (The) | &nbsp;&nbsp;&nbsp; 511131 |
| 579 | Cboe Global Markets, Inc. | &nbsp;&nbsp;&nbsp; 142000 |
| 2677 | CME Group, Inc. | &nbsp;&nbsp;&nbsp; 723299 |
| 2272 | Goldman Sachs Group, Inc. (The) | &nbsp;&nbsp;&nbsp; 1809308 |
| 3509 | Intercontinental Exchange, Inc. | &nbsp;&nbsp;&nbsp; 591196 |
| 9114 | Morgan Stanley | &nbsp;&nbsp;&nbsp; 1448761 |
| 2818 | Nasdaq, Inc. | &nbsp;&nbsp;&nbsp; 249252 |
| 1329 | Northern Trust Corporation | &nbsp;&nbsp;&nbsp; 178883 |
| 1894 | State Street Corporation | &nbsp;&nbsp;&nbsp; 219723 |
|  |  | &nbsp;&nbsp; 5873553 |
|  | **INSURANCE - 2.4%** |  |
| 3313 | Aflac, Inc. | &nbsp;&nbsp;&nbsp; 370062 |
| 1739 | Allstate Corporation (The) | &nbsp;&nbsp;&nbsp; 373276 |
| 4335 | American International Group, Inc. | &nbsp;&nbsp;&nbsp; 340471 |
| 1228 | Aon PLC, Class A | &nbsp;&nbsp;&nbsp; 437880 |
| 2349 | Arch Capital Group Ltd. | &nbsp;&nbsp;&nbsp; 213125 |
| 1562 | Arthur J. Gallagher & Company | &nbsp;&nbsp;&nbsp; 483814 |
| 12111 | Berkshire Hathaway, Inc., Class B<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 6088683 |
| 1582 | Brown & Brown, Inc. | &nbsp;&nbsp;&nbsp; 148376 |
| 3060 | Chubb Ltd. | &nbsp;&nbsp;&nbsp; 863685 |
| 897 | Cincinnati Financial Corporation | &nbsp;&nbsp;&nbsp; 141816 |
| 1728 | Hartford Insurance Group, Inc. (The) | &nbsp;&nbsp;&nbsp; 230498 |
| 88 | Markel Group, Inc.<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 168200 |
| 3676 | Marsh & McLennan Companies, Inc. | &nbsp;&nbsp;&nbsp; 740824 |
| 3983 | MetLife, Inc. | &nbsp;&nbsp;&nbsp; 328080 |
| 1692 | Principal Financial Group, Inc. | &nbsp;&nbsp;&nbsp; 140284 |
| 4387 | Progressive Corporation (The) | &nbsp;&nbsp;&nbsp; 1083370 |
| 2560 | Prudential Financial, Inc. | &nbsp;&nbsp;&nbsp; 265574 |
| 1465 | Travelers Companies, Inc. (The) | &nbsp;&nbsp;&nbsp; 409057 |
| 1826 | W R Berkley Corporation | &nbsp;&nbsp;&nbsp; 139908 |

---

---

| | | |
|:---|:---|:---|
| **HCM DEFENDER 500 INDEX ETF** | **HCM DEFENDER 500 INDEX ETF** | **HCM DEFENDER 500 INDEX ETF** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **September 30, 2025** | **September 30, 2025** | **September 30, 2025** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 80.4% (Continued)** |  |
|  | **INSURANCE - 2.4% (Continued)** |  |
| 704 | Willis Towers Watson PLC | &nbsp;&nbsp;&nbsp; $243197 |
|  |  | &nbsp;&nbsp; 13210180 |
|  | **INTERNET MEDIA & SERVICES - 8.6%** |  |
| 2821 | Airbnb, Inc., Class A<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 342526 |
| 53352 | Alphabet, Inc., Class A | &nbsp;&nbsp;&nbsp; 12969872 |
| 49473 | Alphabet, Inc., Class C | &nbsp;&nbsp;&nbsp; 12049149 |
| 237 | Booking Holdings, Inc. | &nbsp;&nbsp;&nbsp; 1279627 |
| 2443 | DoorDash, Inc., Class A<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 664472 |
| 782 | Expedia Group, Inc. | &nbsp;&nbsp;&nbsp; 167153 |
| 974 | GoDaddy, Inc., Class A<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 133272 |
| 20543 | Meta Platforms, Inc., Class A | &nbsp;&nbsp;&nbsp; 15086369 |
| 3137 | Netflix, Inc.<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 3761012 |
| 3147 | Pinterest, Inc., Class A<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 101239 |
| 15017 | Uber Technologies, Inc.<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 1471215 |
| 620 | VeriSign, Inc. | &nbsp;&nbsp;&nbsp; 173333 |
|  |  | &nbsp;&nbsp; 48199239 |
|  | **LEISURE FACILITIES & SERVICES - 0.8%** |  |
| 8594 | Chipotle Mexican Grill, Inc.<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 336799 |
| 883 | Darden Restaurants, Inc. | &nbsp;&nbsp;&nbsp; 168088 |
| 275 | Domino's Pizza, Inc. | &nbsp;&nbsp;&nbsp; 118720 |
| 1453 | Hilton Worldwide Holdings, Inc. | &nbsp;&nbsp;&nbsp; 376966 |
| 2196 | Las Vegas Sands Corporation | &nbsp;&nbsp;&nbsp; 118123 |
| 1536 | Marriott International, Inc., Class A | &nbsp;&nbsp;&nbsp; 400036 |
| 5525 | McDonald's Corporation | &nbsp;&nbsp;&nbsp; 1678992 |
| 1526 | Royal Caribbean Cruises Ltd. | &nbsp;&nbsp;&nbsp; 493783 |
| 7601 | Starbucks Corporation | &nbsp;&nbsp;&nbsp; 643045 |
| 1797 | Yum! Brands, Inc. | &nbsp;&nbsp;&nbsp; 273144 |
|  |  | &nbsp;&nbsp; 4607696 |
|  | **LEISURE PRODUCTS - 0.1%** |  |
| 448 | Axon Enterprise, Inc.<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 321503 |
|  | **MACHINERY - 0.7%** |  |
| 3409 | Caterpillar, Inc. | &nbsp;&nbsp;&nbsp; 1626603 |
| 1810 | Deere & Company | &nbsp;&nbsp;&nbsp; 827641 |

---

---

| | | |
|:---|:---|:---|
| **HCM DEFENDER 500 INDEX ETF** | **HCM DEFENDER 500 INDEX ETF** | **HCM DEFENDER 500 INDEX ETF** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **September 30, 2025** | **September 30, 2025** | **September 30, 2025** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 80.4% (Continued)** |  |
|  | **MACHINERY - 0.7% (Continued)** |  |
| 2813 | Ingersoll Rand, Inc. | &nbsp;&nbsp;&nbsp; $232410 |
| 827 | Parker-Hannifin Corporation | &nbsp;&nbsp;&nbsp; 626990 |
| 1367 | Veralto Corporation | &nbsp;&nbsp;&nbsp; 145736 |
| 1433 | Xylem, Inc. | &nbsp;&nbsp;&nbsp; 211368 |
|  |  | &nbsp;&nbsp; 3670748 |
|  | **MEDICAL EQUIPMENT & DEVICES - 2.0%** |  |
| 12933 | Abbott Laboratories | &nbsp;&nbsp;&nbsp; 1732245 |
| 2030 | Agilent Technologies, Inc. | &nbsp;&nbsp;&nbsp; 260551 |
| 483 | Align Technology, Inc.<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 60481 |
| 2808 | Baxter International, Inc. | &nbsp;&nbsp;&nbsp; 63938 |
| 2362 | Becton Dickinson and Company | &nbsp;&nbsp;&nbsp; 442096 |
| 11107 | Boston Scientific Corporation<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 1084376 |
| 1063 | Cooper Companies, Inc. (The)<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 72879 |
| 5023 | Danaher Corporation | &nbsp;&nbsp;&nbsp; 995860 |
| 2089 | DexCom, Inc.<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 140569 |
| 4136 | Edwards Lifesciences Corporation<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 321657 |
| 3133 | GE HealthCare Technologies, Inc. | &nbsp;&nbsp;&nbsp; 235288 |
| 1607 | Hologic, Inc.<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 108456 |
| 448 | IDEXX Laboratories, Inc.<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 286223 |
| 505 | Insulet Corporation<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 155909 |
| 2537 | Intuitive Surgical, Inc.<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 1134623 |
| 10090 | Medtronic PLC | &nbsp;&nbsp;&nbsp; 960972 |
| 112 | Mettler-Toledo International, Inc.<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 137492 |
| 898 | ResMed, Inc. | &nbsp;&nbsp;&nbsp; 245810 |
| 588 | STERIS PLC | &nbsp;&nbsp;&nbsp; 145495 |
| 2310 | Stryker Corporation | &nbsp;&nbsp;&nbsp; 853938 |
| 3038 | Thermo Fisher Scientific, Inc. | &nbsp;&nbsp;&nbsp; 1473490 |
| 378 | Waters Corporation<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 113328 |
| 406 | West Pharmaceutical Services, Inc. | &nbsp;&nbsp;&nbsp; 106506 |
| 1397 | Zimmer Biomet Holdings, Inc. | &nbsp;&nbsp;&nbsp; 137605 |
|  |  | &nbsp;&nbsp; 11269787 |
|  | **METALS & MINING - 0.2%** |  |
| 9501 | Freeport-McMoRan, Inc. | &nbsp;&nbsp;&nbsp; 372629 |

---

---

| | | |
|:---|:---|:---|
| **HCM DEFENDER 500 INDEX ETF** | **HCM DEFENDER 500 INDEX ETF** | **HCM DEFENDER 500 INDEX ETF** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **September 30, 2025** | **September 30, 2025** | **September 30, 2025** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 80.4% (Continued)** |  |
|  | **METALS & MINING - 0.2% (Continued)** |  |
| 7556 | Newmont Corporation | &nbsp;&nbsp;&nbsp; $637047 |
|  |  | &nbsp;&nbsp; 1009676 |
|  | **OFFICE REIT - 0.0%<sup>(a)</sup>** |  |
| 1194 | Alexandria Real Estate Equities, Inc. | &nbsp;&nbsp;&nbsp; 99508 |
|  | **OIL & GAS PRODUCERS - 2.1%** |  |
| 1488 | Cheniere Energy, Inc. | &nbsp;&nbsp;&nbsp; 349650 |
| 15004 | Chevron Corporation | &nbsp;&nbsp;&nbsp; 2329971 |
| 9998 | ConocoPhillips | &nbsp;&nbsp;&nbsp; 945711 |
| 5820 | Coterra Energy, Inc. | &nbsp;&nbsp;&nbsp; 137643 |
| 4185 | Devon Energy Corporation | &nbsp;&nbsp;&nbsp; 146726 |
| 1320 | Diamondback Energy, Inc. | &nbsp;&nbsp;&nbsp; 188892 |
| 4031 | EOG Resources, Inc. | &nbsp;&nbsp;&nbsp; 451956 |
| 3324 | EQT Corporation | &nbsp;&nbsp;&nbsp; 180925 |
| 34352 | Exxon Mobil Corporation | &nbsp;&nbsp;&nbsp; 3873188 |
| 13098 | Kinder Morgan, Inc. | &nbsp;&nbsp;&nbsp; 370804 |
| 2078 | Marathon Petroleum Corporation | &nbsp;&nbsp;&nbsp; 400514 |
| 5414 | Occidental Petroleum Corporation | &nbsp;&nbsp;&nbsp; 255812 |
| 4346 | ONEOK, Inc. | &nbsp;&nbsp;&nbsp; 317128 |
| 2851 | Phillips 66 | &nbsp;&nbsp;&nbsp; 387793 |
| 1654 | Targa Resources Corporation | &nbsp;&nbsp;&nbsp; 277111 |
| 2191 | Valero Energy Corporation | &nbsp;&nbsp;&nbsp; 373040 |
| 8556 | Williams Companies, Inc. (The) | &nbsp;&nbsp;&nbsp; 542023 |
|  |  | &nbsp;&nbsp; 11528887 |
|  | **OIL & GAS SERVICES & EQUIPMENT - 0.1%** |  |
| 6079 | Baker Hughes Company | &nbsp;&nbsp;&nbsp; 296169 |
| 6601 | Halliburton Company | &nbsp;&nbsp;&nbsp; 162385 |
| 9059 | Schlumberger Limited | &nbsp;&nbsp;&nbsp; 311357 |
|  |  | &nbsp;&nbsp; 769911 |
|  | **REAL ESTATE SERVICES - 0.1%** |  |
| 2114 | CBRE Group, Inc., Class A<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 333082 |

---

---

| | | |
|:---|:---|:---|
| **HCM DEFENDER 500 INDEX ETF** | **HCM DEFENDER 500 INDEX ETF** | **HCM DEFENDER 500 INDEX ETF** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **September 30, 2025** | **September 30, 2025** | **September 30, 2025** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 80.4% (Continued)** |  |
|  | **RENEWABLE ENERGY - 0.0%<sup>(a)</sup>** |  |
| 663 | First Solar, Inc.<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; $146211 |
|  | **RESIDENTIAL REIT - 0.1%** |  |
| 859 | AvalonBay Communities, Inc. | &nbsp;&nbsp;&nbsp; 165933 |
| 2530 | Equity Residential | &nbsp;&nbsp;&nbsp; 163767 |
| 465 | Essex Property Trust, Inc. | &nbsp;&nbsp;&nbsp; 124462 |
| 3844 | Invitation Homes, Inc. | &nbsp;&nbsp;&nbsp; 112745 |
| 814 | Mid-America Apartment Communities, Inc. | &nbsp;&nbsp;&nbsp; 113740 |
| 706 | Sun Communities, Inc. | &nbsp;&nbsp;&nbsp; 91074 |
|  |  | &nbsp;&nbsp; 771721 |
|  | **RETAIL - CONSUMER STAPLES - 1.3%** |  |
| 3380 | Costco Wholesale Corporation | &nbsp;&nbsp;&nbsp; 3128629 |
| 1446 | Dollar General Corporation | &nbsp;&nbsp;&nbsp; 149444 |
| 1044 | Dollar Tree, Inc.<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 98522 |
| 4328 | Kroger Company (The) | &nbsp;&nbsp;&nbsp; 291750 |
| 3203 | Target Corporation | &nbsp;&nbsp;&nbsp; 287309 |
| 32722 | Walmart, Inc. | &nbsp;&nbsp;&nbsp; 3372330 |
|  |  | &nbsp;&nbsp; 7327984 |
|  | **RETAIL - DISCRETIONARY - 1.3%** |  |
| 102 | AutoZone, Inc.<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 437604 |
| 1272 | Best Buy Company, Inc. | &nbsp;&nbsp;&nbsp; 96189 |
| 758 | Genuine Parts Company | &nbsp;&nbsp;&nbsp; 105059 |
| 7449 | Home Depot, Inc. (The) | &nbsp;&nbsp;&nbsp; 3018260 |
| 4369 | Lowe's Companies, Inc. | &nbsp;&nbsp;&nbsp; 1097973 |
| 5856 | O'Reilly Automotive, Inc.<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 631335 |
| 2172 | Ross Stores, Inc. | &nbsp;&nbsp;&nbsp; 330991 |
| 8701 | TJX Companies, Inc. (The) | &nbsp;&nbsp;&nbsp; 1257643 |
| 3465 | Tractor Supply Company | &nbsp;&nbsp;&nbsp; 197055 |
| 332 | Ulta Beauty, Inc.<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 181521 |
|  |  | &nbsp;&nbsp; 7353630 |
|  | **RETAIL REIT - 0.1%** |  |
| 6331 | Realty Income Corporation | &nbsp;&nbsp;&nbsp; 384861 |
| 2175 | Simon Property Group, Inc. | &nbsp;&nbsp;&nbsp; 408182 |
|  |  | &nbsp;&nbsp; 793043 |

---

---

| | | |
|:---|:---|:---|
| **HCM DEFENDER 500 INDEX ETF** | **HCM DEFENDER 500 INDEX ETF** | **HCM DEFENDER 500 INDEX ETF** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **September 30, 2025** | **September 30, 2025** | **September 30, 2025** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 80.4% (Continued)** |  |
|  | **SELF-STORAGE REIT - 0.1%** |  |
| 1504 | Extra Space Storage, Inc. | &nbsp;&nbsp;&nbsp; $211974 |
| 1030 | Public Storage | &nbsp;&nbsp;&nbsp; 297516 |
|  |  | &nbsp;&nbsp; 509490 |
|  | **SEMICONDUCTORS - 12.2%** |  |
| 11688 | Advanced Micro Devices, Inc.<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 1891002 |
| 3487 | Analog Devices, Inc. | &nbsp;&nbsp;&nbsp; 856756 |
| 5956 | Applied Materials, Inc. | &nbsp;&nbsp;&nbsp; 1219431 |
| 42354 | Broadcom, Inc. | &nbsp;&nbsp;&nbsp; 13973008 |
| 27607 | Intel Corporation<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 926215 |
| 877 | KLA Corporation | &nbsp;&nbsp;&nbsp; 945932 |
| 8244 | Lam Research Corporation | &nbsp;&nbsp;&nbsp; 1103872 |
| 6107 | Marvell Technology, Inc. | &nbsp;&nbsp;&nbsp; 513415 |
| 3603 | Microchip Technology, Inc. | &nbsp;&nbsp;&nbsp; 231385 |
| 6776 | Micron Technology, Inc. | &nbsp;&nbsp;&nbsp; 1133760 |
| 269 | Monolithic Power Systems, Inc. | &nbsp;&nbsp;&nbsp; 247652 |
| 229220 | NVIDIA Corporation | &nbsp;&nbsp;&nbsp; 42767868 |
| 3382 | ON Semiconductor Corporation<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 166766 |
| 8523 | QUALCOMM, Inc. | &nbsp;&nbsp;&nbsp; 1417886 |
| 6701 | Texas Instruments, Inc. | &nbsp;&nbsp;&nbsp; 1231175 |
|  |  | &nbsp;&nbsp; 68626123 |
|  | **SOFTWARE - 9.9%** |  |
| 3237 | Adobe, Inc.<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 1141852 |
| 1263 | Atlassian Corporation, Class A<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 201701 |
| 1384 | Autodesk, Inc.<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 439655 |
| 1874 | Cadence Design Systems, Inc.<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 658261 |
| 2142 | Cloudflare, Inc., Class A<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 459652 |
| 1759 | Crowdstrike Holdings, Inc., Class A<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 862578 |
| 2032 | Datadog, Inc., Class A<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 289357 |
| 4568 | Fortinet, Inc.<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 384077 |
| 3132 | Gen Digital, Inc. | &nbsp;&nbsp;&nbsp; 88917 |
| 326 | HubSpot, Inc.<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 152503 |
| 1965 | Intuit, Inc. | &nbsp;&nbsp;&nbsp; 1341918 |
| 71422 | Microsoft Corporation | &nbsp;&nbsp;&nbsp; 36993026 |
| 488 | MongoDB, Inc.<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 151465 |

---

---

| | | |
|:---|:---|:---|
| **HCM DEFENDER 500 INDEX ETF** | **HCM DEFENDER 500 INDEX ETF** | **HCM DEFENDER 500 INDEX ETF** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **September 30, 2025** | **September 30, 2025** | **September 30, 2025** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 80.4% (Continued)** |  |
|  | **SOFTWARE - 9.9% (Continued)** |  |
| 11801 | Oracle Corporation | &nbsp;&nbsp;&nbsp; $3318913 |
| 14995 | Palantir Technologies, Inc., Class A<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 2735388 |
| 4988 | Palo Alto Networks, Inc.<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 1015657 |
| 807 | PTC, Inc.<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 163837 |
| 685 | Roper Technologies, Inc. | &nbsp;&nbsp;&nbsp; 341603 |
| 6802 | Salesforce, Inc. | &nbsp;&nbsp;&nbsp; 1612074 |
| 1502 | ServiceNow, Inc.<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 1382261 |
| 2031 | Snowflake, Inc., Class A<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 458092 |
| 1146 | SS&C Technologies Holdings, Inc. | &nbsp;&nbsp;&nbsp; 101719 |
| 1177 | Synopsys, Inc.<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 580720 |
| 234 | Tyler Technologies, Inc.<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 122419 |
| 931 | Veeva Systems, Inc., Class A<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 277354 |
| 1375 | Workday, Inc., Class A<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 331004 |
| 1652 | Zoom Video Communications, Inc.<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 136290 |
|  |  | &nbsp;&nbsp; 55742293 |
|  | **SPECIALTY FINANCE - 0.4%** |  |
| 3929 | American Express Company | &nbsp;&nbsp;&nbsp; 1305056 |
| 4224 | Capital One Financial Corporation | &nbsp;&nbsp;&nbsp; 897938 |
| 2395 | Synchrony Financial | &nbsp;&nbsp;&nbsp; 170165 |
|  |  | &nbsp;&nbsp; 2373159 |
|  | **SPECIALTY REIT - 0.0%<sup>(a)</sup>** |  |
| 1815 | Iron Mountain, Inc. | &nbsp;&nbsp;&nbsp; 185021 |
|  | **STEEL - 0.1%** |  |
| 1531 | Nucor Corporation | &nbsp;&nbsp;&nbsp; 207343 |
| 291 | Reliance, Inc. | &nbsp;&nbsp;&nbsp; 81722 |
| 1016 | Steel Dynamics, Inc. | &nbsp;&nbsp;&nbsp; 141661 |
|  |  | &nbsp;&nbsp; 430726 |
|  | **TECHNOLOGY HARDWARE - 7.5%** |  |
| 142221 | Apple, Inc. | &nbsp;&nbsp;&nbsp; 36213732 |
| 6560 | Arista Networks, Inc.<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 955858 |
| 29063 | Cisco Systems, Inc. | &nbsp;&nbsp;&nbsp; 1988490 |
| 4906 | Corning, Inc. | &nbsp;&nbsp;&nbsp; 402439 |
| 1837 | Dell Technologies, Inc., Class C | &nbsp;&nbsp;&nbsp; 260431 |

---

---

| | | |
|:---|:---|:---|
| **HCM DEFENDER 500 INDEX ETF** | **HCM DEFENDER 500 INDEX ETF** | **HCM DEFENDER 500 INDEX ETF** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **September 30, 2025** | **September 30, 2025** | **September 30, 2025** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 80.4% (Continued)** |  |
|  | **TECHNOLOGY HARDWARE - 7.5% (Continued)** |  |
| 4386 | Fiserv, Inc.<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; $565487 |
| 1166 | Garmin Ltd. | &nbsp;&nbsp;&nbsp; 287093 |
| 7893 | Hewlett Packard Enterprise Company | &nbsp;&nbsp;&nbsp; 193852 |
| 6760 | HP, Inc. | &nbsp;&nbsp;&nbsp; 184075 |
| 574 | Jabil, Inc. | &nbsp;&nbsp;&nbsp; 124656 |
| 1182 | Motorola Solutions, Inc. | &nbsp;&nbsp;&nbsp; 540517 |
| 1407 | NetApp, Inc. | &nbsp;&nbsp;&nbsp; 166673 |
| 914 | Seagate Technology Holdings PLC | &nbsp;&nbsp;&nbsp; 215759 |
| 4141 | Super Micro Computer, Inc.<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 198520 |
| 1993 | Western Digital Corporation | &nbsp;&nbsp;&nbsp; 239280 |
|  |  | &nbsp;&nbsp; 42536862 |
|  | **TECHNOLOGY SERVICES - 3.2%** |  |
| 4579 | Accenture PLC, Class A | &nbsp;&nbsp;&nbsp; 1129180 |
| 41 | Amentum Holdings, Inc.<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 982 |
| 3042 | Automatic Data Processing, Inc. | &nbsp;&nbsp;&nbsp; 892827 |
| 4439 | Block, Inc.<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 320807 |
| 709 | Booz Allen Hamilton Holding Corporation | &nbsp;&nbsp;&nbsp; 70865 |
| 751 | Broadridge Financial Solutions, Inc. | &nbsp;&nbsp;&nbsp; 178866 |
| 727 | CDW Corporation | &nbsp;&nbsp;&nbsp; 115797 |
| 3365 | Cognizant Technology Solutions Corporation, Class A | &nbsp;&nbsp;&nbsp; 225691 |
| 1284 | Coinbase Global, Inc., Class A<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 433337 |
| 406 | Corpay, Inc.<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 116952 |
| 2914 | CoStar Group, Inc.<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 245854 |
| 815 | Equifax, Inc. | &nbsp;&nbsp;&nbsp; 209072 |
| 197 | FactSet Research Systems, Inc. | &nbsp;&nbsp;&nbsp; 56439 |
| 138 | Fair Isaac Corporation<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 206521 |
| 3423 | Fidelity National Information Services, Inc. | &nbsp;&nbsp;&nbsp; 225713 |
| 499 | Gartner, Inc.<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 131172 |
| 1657 | Global Payments, Inc. | &nbsp;&nbsp;&nbsp; 137664 |
| 6630 | International Business Machines Corporation | &nbsp;&nbsp;&nbsp; 1870720 |
| 852 | Leidos Holdings, Inc. | &nbsp;&nbsp;&nbsp; 160994 |
| 5931 | Mastercard, Inc., Class A | &nbsp;&nbsp;&nbsp; 3373611 |
| 1027 | Moody's Corporation | &nbsp;&nbsp;&nbsp; 489345 |
| 473 | MSCI, Inc. | &nbsp;&nbsp;&nbsp; 268385 |

---

---

| | | |
|:---|:---|:---|
| **HCM DEFENDER 500 INDEX ETF** | **HCM DEFENDER 500 INDEX ETF** | **HCM DEFENDER 500 INDEX ETF** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **September 30, 2025** | **September 30, 2025** | **September 30, 2025** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 80.4% (Continued)** |  |
|  | **TECHNOLOGY SERVICES - 3.2% (Continued)** |  |
| 2060 | Paychex, Inc. | &nbsp;&nbsp;&nbsp; $261126 |
| 6346 | PayPal Holdings, Inc.<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 425563 |
| 2267 | S&P Global, Inc. | &nbsp;&nbsp;&nbsp; 1103372 |
| 1022 | TransUnion | &nbsp;&nbsp;&nbsp; 85623 |
| 856 | Verisk Analytics, Inc. | &nbsp;&nbsp;&nbsp; 215293 |
| 12891 | Visa, Inc., Class A | &nbsp;&nbsp;&nbsp; 4400729 |
|  |  | &nbsp;&nbsp; 17352500 |
|  | **TELECOMMUNICATIONS - 0.7%** |  |
| 54836 | AT&T, Inc. | &nbsp;&nbsp;&nbsp; 1548568 |
| 3570 | T-Mobile US, Inc. | &nbsp;&nbsp;&nbsp; 854587 |
| 31644 | Verizon Communications, Inc. | &nbsp;&nbsp;&nbsp; 1390754 |
|  |  | &nbsp;&nbsp; 3793909 |
|  | **TIMBER REIT - 0.0%<sup>(a)</sup>** |  |
| 5134 | Weyerhaeuser Company | &nbsp;&nbsp;&nbsp; 127272 |
|  | **TOBACCO & CANNABIS - 0.5%** |  |
| 12564 | Altria Group, Inc. | &nbsp;&nbsp;&nbsp; 829978 |
| 11651 | Philip Morris International, Inc. | &nbsp;&nbsp;&nbsp; 1889792 |
|  |  | &nbsp;&nbsp; 2719770 |
|  | **TRANSPORTATION & LOGISTICS - 0.6%** |  |
| 12284 | CSX Corporation | &nbsp;&nbsp;&nbsp; 436205 |
| 3694 | Delta Air Lines, Inc. | &nbsp;&nbsp;&nbsp; 209635 |
| 805 | Expeditors International of Washington, Inc. | &nbsp;&nbsp;&nbsp; 98685 |
| 1415 | FedEx Corporation | &nbsp;&nbsp;&nbsp; 333671 |
| 645 | JB Hunt Transport Services, Inc. | &nbsp;&nbsp;&nbsp; 86540 |
| 1580 | Norfolk Southern Corporation | &nbsp;&nbsp;&nbsp; 474647 |
| 1120 | Old Dominion Freight Line, Inc. | &nbsp;&nbsp;&nbsp; 157674 |
| 2859 | Southwest Airlines Company | &nbsp;&nbsp;&nbsp; 91231 |
| 4517 | Union Pacific Corporation | &nbsp;&nbsp;&nbsp; 1067682 |
| 1678 | United Airlines Holdings, Inc.<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 161927 |
| 5069 | United Parcel Service, Inc., Class B | &nbsp;&nbsp;&nbsp; 423414 |
|  |  | &nbsp;&nbsp; 3541311 |
|  | **TRANSPORTATION EQUIPMENT - 0.2%** |  |
| 863 | Cummins, Inc. | &nbsp;&nbsp;&nbsp; 364506 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **HCM DEFENDER 500 INDEX ETF** | **HCM DEFENDER 500 INDEX ETF** | **HCM DEFENDER 500 INDEX ETF** | **HCM DEFENDER 500 INDEX ETF** | **HCM DEFENDER 500 INDEX ETF** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **September 30, 2025** | **September 30, 2025** | **September 30, 2025** | **September 30, 2025** | **September 30, 2025** |
| **Shares** |  |  |  | **Fair Value** |
|  | **COMMON STOCKS — 80.4% (Continued)** |  |  |  |
|  | **TRANSPORTATION EQUIPMENT - 0.2% (Continued)** |  |  |  |
| 3420 | PACCAR, Inc. |  |  | &nbsp;&nbsp;&nbsp; $336254 |
| 1156 | Westinghouse Air Brake Technologies Corporation |  |  | &nbsp;&nbsp;&nbsp; 231743 |
|  |  |  |  | &nbsp;&nbsp; 932503 |
|  | **WHOLESALE - CONSUMER STAPLES - 0.1%** |  |  |  |
| 2804 | Archer-Daniels-Midland Company |  |  | &nbsp;&nbsp;&nbsp; 167511 |
| 3101 | Sysco Corporation |  |  | &nbsp;&nbsp;&nbsp; 255336 |
|  |  |  |  | &nbsp;&nbsp; 422847 |
|  | **WHOLESALE - DISCRETIONARY - 0.0%<sup>(a)</sup>** |  |  |  |
| 5752 | Copart, Inc.<sup>(b)</sup> |  |  | &nbsp;&nbsp;&nbsp; 258667 |
|  | **TOTAL COMMON STOCKS (Cost $325,738,780)** |  |  | &nbsp;&nbsp; 451612496 |
|  | **EXCHANGE-TRADED FUND — 19.5%** |  |  |  |
|  | **EQUITY - 19.5%** |  |  |  |
| 516730 | Direxion Daily S&P 500 Bull 3X **(Cost $69,451,457)** |  |  | &nbsp;&nbsp;&nbsp; 109495087 |
|  | **RIGHT — 0.0%<sup>(a)</sup>** | **Expiration Date** | **Exercise Price** |  |
|  | **MEDICAL EQUIPMENT & DEVICES – 0.0%** **<sup>(a)</sup>** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;143 | ABIOMED, Inc. - CVR<sup>(b)(c)(d)</sup> **(Cost $0)** | 12/31/2029 | $35 | &nbsp;&nbsp;&nbsp; -<sup>(e)</sup> |
|  | **TOTAL INVESTMENTS - 99.9% (Cost $395,190,237)** |  |  | &nbsp;&nbsp;&nbsp; $561107583 |
|  | **OTHER ASSETS IN EXCESS OF LIABILITIES - 0.1%** |  |  | &nbsp;&nbsp; 588384 |
|  | **NET ASSETS - 100.0%** |  |  | &nbsp;&nbsp; $561695967 |

---

---

| | |
|:---|:---|
| CVR | - Contingent Value Right |
| ETF | - Exchange-Traded Fund |
| LLC | - Limited Liability Company |
| LTD | - Limited Company |
| MSCI | - Morgan Stanley Capital International |
| NV | - Naamioze Vennootschap |
| PLC | - Public Limited Company |
| REIT | - Real Estate Investment Trust |
| <sup>(a)</sup> | Percentage rounds to less than 0.1%. |
| <sup>(b)</sup> | Non-income producing security. |
| <sup>(c)</sup> | Illiquid security. The total fair value of these securities as of September 30, 2025 was $0, representing 0.0% of net assets. |
| <sup>(d)</sup> | The fair value of this investment is determined using significant unobservable inputs. |
| <sup>(e)</sup> | Amount represents less than $1. |

---

## 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 III

- **b. Investment Company Act file number:** 811-22655

- **c. CIK number of Registrant:** 0001537140

- **d. LEI of Registrant:** 549300PPUECJSQFBYV98

- **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:** HCM Defender 500 Index ETF

- **b. EDGAR series identifier (if any):** S000066142

- **c. LEI of Series:** 549300EDDAIZBPZQ5F37

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

- **a. Date of fiscal year-end:** 2026-06-30

- **b. Date as of which information is reported:** 2025-09-30

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $562096459.34

**Total Liabilities:** $400492.47

**Net Assets:** $561695966.87

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000213733 | 3.18%                | 2.46%                | 5.01%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $1879396.99              | $13843566.28                               |
| Month 2  | $0.00                    | $12288856.57                               |
| Month 3  | $3363181.19              | $23326392.75                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| UnitedHealth Group Inc.                      | UNITEDHEALTH GRP  | CUSIP: 91324P102<br>LEI: 549300GHBMY8T5GXDE41 | Long             | EC               | CORP              | US        |      7496 | NS      | $2588368.80   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Amazon.com, Inc.                             | AMAZON.COM INC    | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |     92616 | NS      | $20335695.12  | 3.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Cboe Global Markets Inc                      | CBOE GLOBAL MARK  | CUSIP: 12503M108<br>LEI: 529900RLNSGA90UPEH54 | Long             | EC               | CORP              | US        |       579 | NS      | $141999.75    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Microchip Technology Incorporated            | MICROCHIP TECH    | CUSIP: 595017104<br>LEI: 5493007PTFULNYZJ1R12 | Long             | EC               | CORP              | US        |      3603 | NS      | $231384.66    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Honeywell International Inc.                 | HONEYWELL INTL    | CUSIP: 438516106<br>LEI: ISRPG12PN4EIEOEMW547 | Long             | EC               | CORP              | US        |      4967 | NS      | $1045553.50   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| West Pharmaceutical Services Incorporated    | WEST PHARMACEUT   | CUSIP: 955306105<br>LEI: 5493007NKRGM1RJQ1P16 | Long             | EC               | CORP              | US        |       406 | NS      | $106505.98    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Direxion Shares ETF Trust                    | DIREXION DAILY S  | CUSIP: 25459W862<br>LEI: 549300M501IVJM50FG12 | Long             | EC               | RF                | US        |    516730 | NS      | $109495087.00 | 19.49%            |  |  |  | No            |                  1 | On Loan: No      |
| Carlisle Companies Inc.                      | CARLISLE COS INC  | CUSIP: 142339100<br>LEI: XR64VGX1ZPX6G7ZN7Z11 | Long             | EC               | CORP              | US        |       333 | NS      | $109543.68    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Marriott International, Inc.                 | MARRIOTT INTL-A   | CUSIP: 571903202<br>LEI: 225YDZ14ZO8E1TXUSU86 | Long             | EC               | CORP              | US        |      1536 | NS      | $400035.84    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Lennar Corp.                                 | LENNAR CORP-A     | CUSIP: 526057104<br>LEI: 529900G61XVRLX5TJX09 | Long             | EC               | CORP              | US        |      1626 | NS      | $204941.04    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Accenture PLC                                | ACCENTURE PLC-A   | CUSIP: G1151C101<br>LEI: 5493000EWHDSR3MZWH98 | Long             | EC               | CORP              | IE        |      4579 | NS      | $1129181.40   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Freeport-McMoRan Inc.                        | FREEPORT-MCMORAN  | CUSIP: 35671D857<br>LEI: 549300IRDTHJQ1PVET45 | Long             | EC               | CORP              | US        |      9501 | NS      | $372629.22    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| American Express Company                     | AMERICAN EXPRESS  | CUSIP: 025816109<br>LEI: R4PP93JZOLY261QX3811 | Long             | EC               | CORP              | US        |      3929 | NS      | $1305056.64   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| The TJX Companies Inc.                       | TJX COS INC       | CUSIP: 872540109<br>LEI: V167QI9I69W364E2DY52 | Long             | EC               | CORP              | US        |      8701 | NS      | $1257642.54   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Price T Rowe Group Inc.                      | T ROWE PRICE GRP  | CUSIP: 74144T108<br>LEI: 549300SIV6FPS9Y7IH33 | Long             | EC               | CORP              | US        |      1433 | NS      | $147083.12    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Autozone, Inc.                               | AUTOZONE INC      | CUSIP: 053332102<br>LEI: GA3JGKJ41LJKXDN23E90 | Long             | EC               | CORP              | US        |       102 | NS      | $437604.48    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Roper Technologies Inc                       | ROPER TECHNOLOGI  | CUSIP: 776696106<br>LEI: 54930003T4SXCIWVXY35 | Long             | EC               | CORP              | US        |       685 | NS      | $341602.65    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| AvalonBay Communities, Inc.                  | AVALONBAY COMMUN  | CUSIP: 053484101<br>LEI: K9G90K85RBWD2LAGQX17 | Long             | EC               | CORP              | US        |       859 | NS      | $165933.03    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Nasdaq Inc                                   | NASDAQ INC        | CUSIP: 631103108<br>LEI: 549300L8X1Q78ERXFD06 | Long             | EC               | CORP              | US        |      2818 | NS      | $249252.10    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Genuine Parts Co                             | GENUINE PARTS CO  | CUSIP: 372460105<br>LEI: 549300D46DQVEU651W04 | Long             | EC               | CORP              | US        |       758 | NS      | $105058.80    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| CMS Energy Corporation                       | CMS ENERGY CORP   | CUSIP: 125896100<br>LEI: 549300IA9XFBAGNIBW29 | Long             | EC               | CORP              | US        |      1820 | NS      | $133333.20    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Corpay Inc                                   | CORPAY INC        | CUSIP: 219948106<br>LEI: 549300DG6RR0NQSFLN74 | Long             | EC               | CORP              | US        |       406 | NS      | $116952.36    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Yum! Brands Inc.                             | YUM! BRANDS INC   | CUSIP: 988498101<br>LEI: 549300JE8XHZZ7OHN517 | Long             | EC               | CORP              | US        |      1797 | NS      | $273144.00    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Citigroup Inc.                               | CITIGROUP INC     | CUSIP: 172967424<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | EC               | CORP              | US        |     13650 | NS      | $1385475.00   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Hilton Worldwide Holdings Inc                | HILTON WORLDWIDE  | CUSIP: 43300A203<br>LEI: 549300HVGPK36ICB0B89 | Long             | EC               | CORP              | US        |      1453 | NS      | $376966.32    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| United Rentals, Inc.                         | UNITED RENTALS    | CUSIP: 911363109<br>LEI: 5323X5O7RN0NKFCDRY08 | Long             | EC               | CORP              | US        |       395 | NS      | $377090.70    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Verizon Communications Inc.                  | VERIZON COMMUNIC  | CUSIP: 92343V104<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | EC               | CORP              | US        |     31644 | NS      | $1390753.80   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Southern Co.                                 | SOUTHERN CO       | CUSIP: 842587107<br>LEI: 549300FC3G3YU2FBZD92 | Long             | EC               | CORP              | US        |      8333 | NS      | $789718.41    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Williams Companies Inc. (The)                | WILLIAMS COS INC  | CUSIP: 969457100<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | EC               | CORP              | US        |      8556 | NS      | $542022.60    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Waste Management, Inc.                       | WASTE MANAGEMENT  | CUSIP: 94106L109<br>LEI: 549300YX8JIID70NFS41 | Long             | EC               | CORP              | US        |      2652 | NS      | $585641.16    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Monolithic Power Systems Inc.                | MONOLITHIC POWER  | CUSIP: 609839105<br>LEI: 529900TB7O85LSZ1XU31 | Long             | EC               | CORP              | US        |       269 | NS      | $247652.16    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Gilead Sciences Inc.                         | GILEAD SCIENCES   | CUSIP: 375558103<br>LEI: 549300WTZWR07K8MNV44 | Long             | EC               | CORP              | US        |     10082 | NS      | $1119102.00   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| CBRE Group Inc.                              | CBRE GROUP INC-A  | CUSIP: 12504L109<br>LEI: 52990016II9MJ2OSWA10 | Long             | EC               | CORP              | US        |      2114 | NS      | $333081.84    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| The Clorox Company                           | CLOROX CO         | CUSIP: 189054109<br>LEI: 54930044KVSC06Z79I06 | Long             | EC               | CORP              | US        |       968 | NS      | $119354.40    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Philip Morris International Inc.             | PHILIP MORRIS IN  | CUSIP: 718172109<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | EC               | CORP              | US        |     11651 | NS      | $1889792.20   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| FedEx Corporation                            | FEDEX CORP        | CUSIP: 31428X106<br>LEI: 549300E707U7WNPZN687 | Long             | EC               | CORP              | US        |      1415 | NS      | $333671.15    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Coterra Energy Inc                           | COTERRA ENERGY I  | CUSIP: 127097103<br>LEI: FCNMH6O7VWU7LHXMK351 | Long             | EC               | CORP              | US        |      5820 | NS      | $137643.00    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Fifth Third Bancorp                          | FIFTH THIRD BANC  | CUSIP: 316773100<br>LEI: THRNG6BD57P9QWTQLG42 | Long             | EC               | CORP              | US        |      4781 | NS      | $212993.55    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| International Flavors & Fragrances Inc.      | INTL FLVR & FRAG  | CUSIP: 459506101<br>LEI: BZLRL03D3GPGMOGFO832 | Long             | EC               | CORP              | US        |      1785 | NS      | $109848.90    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Moodys Corp.                                 | MOODY'S CORP      | CUSIP: 615369105<br>LEI: 549300GCEDD8YCF5WU84 | Long             | EC               | CORP              | US        |      1027 | NS      | $489344.96    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Blackrock Inc.                               | BLACKROCK INC     | CUSIP: 09290D101<br>LEI: 529900VBK42Y5HHRMD23 | Long             | EC               | CORP              | US        |      1142 | NS      | $1331423.54   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Dow Inc                                      | DOW INC           | CUSIP: 260557103<br>LEI: 5493003S21INSLK2IP73 | Long             | EC               | CORP              | US        |      4565 | NS      | $104675.45    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Pinterest Inc                                | PINTEREST INC -A  | CUSIP: 72352L106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3147 | NS      | $101238.99    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| GE Aerospace                                 | GENERAL ELECTRIC  | CUSIP: 369604301<br>LEI: 3C7474T6CDKPR9K6YT90 | Long             | EC               | CORP              | US        |      7669 | NS      | $2306988.58   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA Corp.                                 | NVIDIA CORP       | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |    229220 | NS      | $42767867.60  | 7.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Trimble Inc                                  | TRIMBLE INC       | CUSIP: 896239100<br>LEI: 549300E2MI7NSZFQWS19 | Long             | EC               | CORP              | US        |      1325 | NS      | $108186.25    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| AbbVie Inc.                                  | ABBVIE INC        | CUSIP: 00287Y109<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | EC               | CORP              | US        |     14201 | NS      | $3288099.54   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Meta Platforms Inc                           | META PLATFORMS-A  | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |     20543 | NS      | $15086368.34  | 2.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Intel Corporation                            | INTEL CORP        | CUSIP: 458140100<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | EC               | CORP              | US        |     27607 | NS      | $926214.85    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Welltower OP LLC                             | WELLTOWER INC     | CUSIP: 95040Q104<br>LEI: T6IZ0MBEG5ACZDTR7D06 | Long             | EC               | CORP              | US        |      4180 | NS      | $744625.20    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Ametek, Inc.                                 | AMETEK INC        | CUSIP: 031100100<br>LEI: 549300WZDEF9KKE40E98 | Long             | EC               | CORP              | US        |      1549 | NS      | $291212.00    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Garmin Ltd                                   | GARMIN LTD        | CUSIP: H2906T109<br>LEI: 2549001E0HIPIJQ0W046 | Long             | EC               | CORP              | CH        |      1166 | NS      | $287092.52    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Gartner Inc.                                 | GARTNER INC       | CUSIP: 366651107<br>LEI: PP55B5R38BFB8O8HH686 | Long             | EC               | CORP              | US        |       499 | NS      | $131172.13    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Western Digital Corp.                        | WESTERN DIGITAL   | CUSIP: 958102105<br>LEI: 549300QQXOOYEF89IC56 | Long             | EC               | CORP              | US        |      1993 | NS      | $239279.58    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Exxon Mobil Corp.                            | EXXON MOBIL CORP  | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |     34352 | NS      | $3873188.00   | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Blackstone Inc                               | BLACKSTONE INC    | CUSIP: 09260D107<br>LEI: 5299004LW4QWGZUB8Y96 | Long             | EC               | CORP              | US        |      5070 | NS      | $866209.50    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Leidos Holdings Inc                          | LEIDOS HOLDINGS   | CUSIP: 525327102<br>LEI: 549300IUTGTP6EJP8124 | Long             | EC               | CORP              | US        |       852 | NS      | $160993.92    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| The Cigna Group                              | THE CIGNA GROUP   | CUSIP: 125523100<br>LEI: 549300VIWYMSIGT1U456 | Long             | EC               | CORP              | US        |      1860 | NS      | $536145.00    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| State Street Corp.                           | STATE ST CORP     | CUSIP: 857477103<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | EC               | CORP              | US        |      1894 | NS      | $219722.94    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Walmart Inc                                  | WALMART INC       | CUSIP: 931142103<br>LEI: Y87794H0US1R65VBXU25 | Long             | EC               | CORP              | US        |     32722 | NS      | $3372329.32   | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Corning Incorporated                         | CORNING INC       | CUSIP: 219350105<br>LEI: 549300X2937PB0CJ7I56 | Long             | EC               | CORP              | US        |      4906 | NS      | $402439.18    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| U.S. Bancorp.                                | US BANCORP        | CUSIP: 902973304<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | EC               | CORP              | US        |      9543 | NS      | $461213.19    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Xylem, Inc.                                  | XYLEM INC         | CUSIP: 98419M100<br>LEI: 549300DF5MV96DRYLQ48 | Long             | EC               | CORP              | US        |      1433 | NS      | $211367.50    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| The Cooper Companies, Inc.                   | COOPER COS INC    | CUSIP: 216648501<br>LEI: QJKMVPIGLH7530PCUE20 | Long             | EC               | CORP              | US        |      1063 | NS      | $72879.28     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Omnicom Group Inc                            | OMNICOM GROUP     | CUSIP: 681919106<br>LEI: HKUPACFHSSASQK8HLS17 | Long             | EC               | CORP              | US        |      1158 | NS      | $94411.74     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corp.                              | MICROSOFT CORP    | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |     71422 | NS      | $36993024.90  | 6.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Netflix, Inc.                                | NETFLIX INC       | CUSIP: 64110L106<br>LEI: 549300Y7VHGU0I7CE873 | Long             | EC               | CORP              | US        |      3137 | NS      | $3761012.04   | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Dupont De Nemours Inc                        | DUPONT DE NEMOUR  | CUSIP: 26614N102<br>LEI: 5493004JF0SDFLM8GD76 | Long             | EC               | CORP              | US        |      2676 | NS      | $208460.40    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Cardinal Health, Inc.                        | CARDINAL HEALTH   | CUSIP: 14149Y108<br>LEI: CCU46N3GJMF4OK4N7U60 | Long             | EC               | CORP              | US        |      1502 | NS      | $235753.92    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Dell Technologies Inc                        | DELL TECHN-C      | CUSIP: 24703L202<br>LEI: 549300TJB5YBRUPOG437 | Long             | EC               | CORP              | US        |      1837 | NS      | $260431.49    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| The Estee Lauder Companies Inc.              | ESTEE LAUDER      | CUSIP: 518439104<br>LEI: 549300VFZ8XJ9NUPU221 | Long             | EC               | CORP              | US        |      1441 | NS      | $126980.92    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| DoorDash Inc                                 | DOORDASH INC-A    | CUSIP: 25809K105<br>LEI: 549300NUQ43FGGSK5051 | Long             | EC               | CORP              | US        |      2443 | NS      | $664471.57    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| The Allstate Corporation                     | ALLSTATE CORP     | CUSIP: 020002101<br>LEI: OBT0W1ED8G0NWVOLOJ77 | Long             | EC               | CORP              | US        |      1739 | NS      | $373276.35    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| DTE Energy Co.                               | DTE ENERGY CO     | CUSIP: 233331107<br>LEI: 549300IX8SD6XXD71I78 | Long             | EC               | CORP              | US        |      1306 | NS      | $184707.58    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Cummins Inc.                                 | CUMMINS INC       | CUSIP: 231021106<br>LEI: ZUNI8PYC725B6H8JU438 | Long             | EC               | CORP              | US        |       863 | NS      | $364505.31    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| United Parcel Service, Inc.                  | UNITED PARCEL-B   | CUSIP: 911312106<br>LEI: D01LMJZU09ULLNCY6Z23 | Long             | EC               | CORP              | US        |      5069 | NS      | $423413.57    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Visa Inc                                     | VISA INC-CLASS A  | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |     12891 | NS      | $4400729.58   | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Keurig Dr Pepper Inc                         | KEURIG DR PEPPER  | CUSIP: 49271V100<br>LEI: DYTQ8KRTKO7Y2BVU5K74 | Long             | EC               | CORP              | US        |      7854 | NS      | $200355.54    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Norfolk Southern Corporation                 | NORFOLK SOUTHERN  | CUSIP: 655844108<br>LEI: 54930036C8MWP850MI84 | Long             | EC               | CORP              | US        |      1580 | NS      | $474647.80    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Xcel Energy Inc                              | XCEL ENERGY INC   | CUSIP: 98389B100<br>LEI: LGJNMI9GH8XIDG5RCM61 | Long             | EC               | CORP              | US        |      3797 | NS      | $306228.05    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Tyler Technologies Inc.                      | TYLER TECHNOLOG   | CUSIP: 902252105<br>LEI: 25490040SMU4Z8LBCW70 | Long             | EC               | CORP              | US        |       234 | NS      | $122419.44    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| CVS Health Corp                              | CVS HEALTH CORP   | CUSIP: 126650100<br>LEI: 549300EJG376EN5NQE29 | Long             | EC               | CORP              | US        |      7848 | NS      | $591660.72    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Axon Enterprise Inc                          | AXON ENTERPRISE   | CUSIP: 05464C101<br>LEI: 549300QP2IEEGFE16681 | Long             | EC               | CORP              | US        |       448 | NS      | $321502.72    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Tesla Inc                                    | TESLA INC         | CUSIP: 88160R101<br>LEI: 54930043XZGB27CTOV49 | Long             | EC               | CORP              | US        |     25158 | NS      | $11188265.76  | 1.99%             |  |  |  | No            |                  1 | On Loan: No      |
| eBay Inc.                                    | EBAY INC          | CUSIP: 278642103<br>LEI: OML71K8X303XQONU6T67 | Long             | EC               | CORP              | US        |      3136 | NS      | $285219.20    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| NetApp Inc.                                  | NETAPP INC        | CUSIP: 64110D104<br>LEI: QTX3D84DZDD5JYOCYH15 | Long             | EC               | CORP              | US        |      1407 | NS      | $166673.22    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Hewlett Packard Enterprise Co.               | HEWLETT PACKA     | CUSIP: 42824C109<br>LEI: 549300BX44RGX6ANDV88 | Long             | EC               | CORP              | US        |      7893 | NS      | $193852.08    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Marsh & McLennan Companies, Inc.             | MARSH & MCLENNAN  | CUSIP: 571748102<br>LEI: 549300XMP3KDCKJXIU47 | Long             | EC               | CORP              | US        |      3676 | NS      | $740824.28    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| GE Healthcare Technologies Inc.              | GE HEALTHCARE TE  | CUSIP: 36266G107<br>LEI: 549300OI9J7XOWZMUN85 | Long             | EC               | CORP              | US        |      3133 | NS      | $235288.30    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Synchrony Financial                          | SYNCHRONY FINANC  | CUSIP: 87165B103<br>LEI: 549300RS7EWPM9MA6C78 | Long             | EC               | CORP              | US        |      2395 | NS      | $170164.75    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Mettler-Toledo International Inc             | METTLER-TOLEDO    | CUSIP: 592688105<br>LEI: 5493000BD5GJNUDIUG10 | Long             | EC               | CORP              | US        |       112 | NS      | $137492.32    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Grainger W W Inc                             | WW GRAINGER INC   | CUSIP: 384802104<br>LEI: 549300TWZSP6O1IH2V34 | Long             | EC               | CORP              | US        |       290 | NS      | $276358.40    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Mondelez International, Inc.                 | MONDELEZ INTER-A  | CUSIP: 609207105<br>LEI: 549300DV9GIB88LZ5P30 | Long             | EC               | CORP              | US        |      8620 | NS      | $538491.40    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Invitation Homes Inc.                        | INVITATION HOMES  | CUSIP: 46187W107<br>LEI: 984500FE452E665C9F85 | Long             | EC               | CORP              | US        |      3844 | NS      | $112744.52    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Cadence Design Systems, Inc.                 | CADENCE DESIGN    | CUSIP: 127387108<br>LEI: GCT7RXJOGLXPV0NXZY22 | Long             | EC               | CORP              | US        |      1874 | NS      | $658261.24    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| The Bank of New York Mellon Corp.            | BANK NY MELLON    | CUSIP: 064058100<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | EC               | CORP              | US        |      4691 | NS      | $511131.36    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| CRH PLC                                      | CRH PLC           | CUSIP: G25508105<br>LEI: 549300MIDJNNTH068E74 | Long             | EC               | CORP              | IE        |      4741 | NS      | $568445.90    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Carrier Global Corporation                   | CARRIER GLOB      | CUSIP: 14448C104<br>LEI: 549300JE3W6CWY2NAN77 | Long             | EC               | CORP              | US        |      4996 | NS      | $298261.20    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Monster Beverage Corp                        | MONSTER BEVERAGE  | CUSIP: 61174X109<br>LEI: 52990090AP0E7HCB6F33 | Long             | EC               | CORP              | US        |      4426 | NS      | $297914.06    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Arista Networks Inc                          | ARISTA NETWORKS   | CUSIP: 040413205<br>LEI: 635400H1WKBLOQERUU95 | Long             | EC               | CORP              | US        |      6560 | NS      | $955857.60    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Coinbase Global Inc                          | COINBASE GLOBA-A  | CUSIP: 19260Q107<br>LEI: 5493004G3J2SC154DU06 | Long             | EC               | CORP              | US        |      1284 | NS      | $433337.16    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| HCA Healthcare Inc                           | HCA HEALTHCARE I  | CUSIP: 40412C101<br>LEI: 529900PH4ZGUH2MNEU89 | Long             | EC               | CORP              | US        |      1230 | NS      | $524226.00    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Newmont Corporation                          | NEWMONT CORP      | CUSIP: 651639106<br>LEI: 549300VSP3RIX7FGDZ51 | Long             | EC               | CORP              | US        |      7556 | NS      | $637046.36    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Raymond James Financial Inc.                 | RAYMOND JAMES     | CUSIP: 754730109<br>LEI: RGUZHJ05YTITL6D76949 | Long             | EC               | CORP              | US        |      1209 | NS      | $208673.40    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| O'Reilly Automotive Inc.                     | O'REILLY AUTOMOT  | CUSIP: 67103H107<br>LEI: 549300K2RLMQL149Q332 | Long             | EC               | CORP              | US        |      5856 | NS      | $631335.36    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Vertex Pharmaceuticals Incorporated          | VERTEX PHARM      | CUSIP: 92532F100<br>LEI: 54930015RAQRRZ5ZGJ91 | Long             | EC               | CORP              | US        |      2300 | NS      | $900772.00    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Baker Hughes Company                         | BAKER HUGHES CO   | CUSIP: 05722G100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      6079 | NS      | $296168.88    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| ResMed Inc.                                  | RESMED INC        | CUSIP: 761152107<br>LEI: 529900T3QE5253CCXF22 | Long             | EC               | CORP              | US        |       898 | NS      | $245809.54    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Veralto Corp.                                | VERALTO CORP      | CUSIP: 92338C103<br>LEI: 635400FJE6GSOJUSNY27 | Long             | EC               | CORP              | US        |      1367 | NS      | $145735.87    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Sempra                                       | SEMPRA            | CUSIP: 816851109<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | EC               | CORP              | US        |      4112 | NS      | $369997.76    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Arch Capital Group Ltd.                      | ARCH CAPITAL GRP  | CUSIP: G0450A105<br>LEI: 549300AYR4P8AFKDCE43 | Long             | EC               | CORP              | BM        |      2349 | NS      | $213124.77    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Aon PLC                                      | AON PLC-CLASS A   | CUSIP: G0403H108<br>LEI: 635400FALWQYX5E6QC64 | Long             | EC               | CORP              | IE        |      1228 | NS      | $437880.24    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Applied Materials Inc.                       | APPLIED MATERIAL  | CUSIP: 038222105<br>LEI: 41BNNE1AFPNAZELZ6K07 | Long             | EC               | CORP              | US        |      5956 | NS      | $1219431.44   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Amgen Inc.                                   | AMGEN INC         | CUSIP: 031162100<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | EC               | CORP              | US        |      4416 | NS      | $1246195.20   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| IQVIA Holdings Inc.                          | IQVIA HOLDINGS I  | CUSIP: 46266C105<br>LEI: 549300W3R20NM4KQPH86 | Long             | EC               | CORP              | US        |      1152 | NS      | $218810.88    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Targa Resources Corp.                        | TARGA RESOURCES   | CUSIP: 87612G101<br>LEI: 5493003QENHHS261UR94 | Long             | EC               | CORP              | US        |      1654 | NS      | $277111.16    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Booking Holdings Inc                         | BOOKING HOLDINGS  | CUSIP: 09857L108<br>LEI: FXM8FAOHMYDIPD38UZ17 | Long             | EC               | CORP              | US        |       237 | NS      | $1279626.99   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Steel Dynamics, Inc.                         | STEEL DYNAMICS    | CUSIP: 858119100<br>LEI: 549300HGGKEL4FYTTQ83 | Long             | EC               | CORP              | US        |      1016 | NS      | $141660.88    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Pacific Land Corporation               | TEXAS PACIFIC LA  | CUSIP: 88262P102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       160 | NS      | $149382.40    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Public Service Enterprise Group Incorporated | PUB SERV ENTERP   | CUSIP: 744573106<br>LEI: PUSS41EMO3E6XXNV3U28 | Long             | EC               | CORP              | US        |      3362 | NS      | $280592.52    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Expedia Group Inc                            | EXPEDIA GROUP IN  | CUSIP: 30212P303<br>LEI: CI7MUJI4USF3V0NJ1H64 | Long             | EC               | CORP              | US        |       782 | NS      | $167152.50    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Devon Energy Corporation                     | DEVON ENERGY CO   | CUSIP: 25179M103<br>LEI: 54930042348RKR3ZPN35 | Long             | EC               | CORP              | US        |      4185 | NS      | $146726.10    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Pulte Group Inc                              | PULTEGROUP INC    | CUSIP: 745867101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1285 | NS      | $169787.05    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Sysco Corporation                            | SYSCO CORP        | CUSIP: 871829107<br>LEI: 5RGWIFLMGH3YS7KWI652 | Long             | EC               | CORP              | US        |      3101 | NS      | $255336.34    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Atlassian Corporation                        | ATLASSIAN CORP-A  | CUSIP: 049468101<br>LEI: 549300V7ZY5P02D2MY38 | Long             | EC               | CORP              | US        |      1263 | NS      | $201701.10    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Palantir Technologies Inc                    | PALANTIR TECHN-A  | CUSIP: 69608A108<br>LEI: 549300UVN46B3BBDHO85 | Long             | EC               | CORP              | US        |     14995 | NS      | $2735387.90   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Union Pacific Corporation                    | UNION PAC CORP    | CUSIP: 907818108<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | EC               | CORP              | US        |      4517 | NS      | $1067683.29   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| ON Semiconductor Corp.                       | ON SEMICONDUCTOR  | CUSIP: 682189105<br>LEI: ZV20P4CNJVT8V1ZGJ064 | Long             | EC               | CORP              | US        |      3382 | NS      | $166766.42    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Las Vegas Sands Corp                         | LAS VEGAS SANDS   | CUSIP: 517834107<br>LEI: 549300DUOO1KXOHPM605 | Long             | EC               | CORP              | US        |      2196 | NS      | $118122.84    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Royal Caribbean Group                        | ROYAL CARIBBEAN   | CUSIP: V7780T103<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | EC               | CORP              | LR        |      1526 | NS      | $493783.08    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Howmet Aerospace Inc                         | HOWMET AEROSPACE  | CUSIP: 443201108<br>LEI: 549300HO5WFZUT5N2T22 | Long             | EC               | CORP              | US        |      2263 | NS      | $444068.49    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| American Water Works Company, Inc.           | AMERICAN WATER W  | CUSIP: 030420103<br>LEI: 549300DXHIJQMD5WFW18 | Long             | EC               | CORP              | US        |      1219 | NS      | $169672.61    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Align Technology Inc.                        | ALIGN TECHNOLOGY  | CUSIP: 016255101<br>LEI: 549300N5YSE0U3LCP840 | Long             | EC               | CORP              | US        |       483 | NS      | $60481.26     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Zoetis Inc.                                  | ZOETIS INC        | CUSIP: 98978V103<br>LEI: 549300HD9Q1LOC9KLJ48 | Long             | EC               | CORP              | US        |      3050 | NS      | $446276.00    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Lockheed Martin Corporation                  | LOCKHEED MARTIN   | CUSIP: 539830109<br>LEI: DPRBOZP0K5RM2YE8UU08 | Long             | EC               | CORP              | US        |      1776 | NS      | $886596.96    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc.                                | ALPHABET INC-C    | CUSIP: 02079K107<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |     49473 | NS      | $12049149.15  | 2.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Hubspot Inc                                  | HUBSPOT INC       | CUSIP: 443573100<br>LEI: 529900BLNVEW0MVKJB37 | Long             | EC               | CORP              | US        |       326 | NS      | $152502.80    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Reliance Inc                                 | RELIANCE INC      | CUSIP: 759509102<br>LEI: 549300E287ZOFT3C5Z56 | Long             | EC               | CORP              | US        |       291 | NS      | $81721.53     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Old Dominion Freight Line Inc.               | OLD DOMINION FRT  | CUSIP: 679580100<br>LEI: 5299009TWK32WE417T96 | Long             | EC               | CORP              | US        |      1120 | NS      | $157673.60    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Halliburton Company                          | HALLIBURTON CO    | CUSIP: 406216101<br>LEI: ENYF8GB5SMQZ25S06U51 | Long             | EC               | CORP              | US        |      6601 | NS      | $162384.60    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Tyson Foods, Inc.                            | TYSON FOODS-A     | CUSIP: 902494103<br>LEI: WD6L6041MNRW1JE49D58 | Long             | EC               | CORP              | US        |      2362 | NS      | $128256.60    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| NextEra Energy Inc                           | NEXTERA ENERGY    | CUSIP: 65339F101<br>LEI: 254900RHL9MEUS5NKX63 | Long             | EC               | CORP              | US        |     15547 | NS      | $1173643.03   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Eli Lilly & Co.                              | ELI LILLY & CO    | CUSIP: 532457108<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | EC               | CORP              | US        |      8824 | NS      | $6732712.00   | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Caterpillar Inc                              | CATERPILLAR INC   | CUSIP: 149123101<br>LEI: WRJR7GS4GTRECRRTVX92 | Long             | EC               | CORP              | US        |      3409 | NS      | $1626604.35   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Occidental Petroleum Corp.                   | OCCIDENTAL PETE   | CUSIP: 674599105<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | EC               | CORP              | US        |      5414 | NS      | $255811.50    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| General Motors Company                       | GENERAL MOTORS C  | CUSIP: 37045V100<br>LEI: 54930070NSV60J38I987 | Long             | EC               | CORP              | US        |      7526 | NS      | $458860.22    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| The Boeing Company                           | BOEING CO/THE     | CUSIP: 097023105<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | EC               | CORP              | US        |      5090 | NS      | $1098574.70   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Ecolab Inc.                                  | ECOLAB INC        | CUSIP: 278865100<br>LEI: 82DYEISM090VG8LTLS26 | Long             | EC               | CORP              | US        |      1570 | NS      | $429960.20    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Atmos Energy Corp.                           | ATMOS ENERGY      | CUSIP: 049560105<br>LEI: QVLWEGTD2S8GJMO8D383 | Long             | EC               | CORP              | US        |      1087 | NS      | $185605.25    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| D.R. Horton, Inc.                            | DR HORTON INC     | CUSIP: 23331A109<br>LEI: 529900ZIUEYVSB8QDD25 | Long             | EC               | CORP              | US        |      1796 | NS      | $304368.12    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple Inc.                                   | APPLE INC         | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |    142221 | NS      | $36213733.23  | 6.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Emerson Electric Co.                         | EMERSON ELEC CO   | CUSIP: 291011104<br>LEI: FGLT0EWZSUIRRITFOA30 | Long             | EC               | CORP              | US        |      3568 | NS      | $468050.24    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| HP Inc                                       | HP INC            | CUSIP: 40434L105<br>LEI: WHKXQACZ14C5XRO8LW03 | Long             | EC               | CORP              | US        |      6760 | NS      | $184074.80    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Tractor Supply Co                            | TRACTOR SUPPLY    | CUSIP: 892356106<br>LEI: 549300OJ9VZHZRO6I137 | Long             | EC               | CORP              | US        |      3465 | NS      | $197054.55    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Sun Communities, Inc.                        | SUN COMMUNITIES   | CUSIP: 866674104<br>LEI: 549300H5GEOJYN41ZG57 | Long             | EC               | CORP              | US        |       706 | NS      | $91074.00     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| PNC Financial Services Group Inc.            | PNC FINANCIAL SE  | CUSIP: 693475105<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | EC               | CORP              | US        |      2666 | NS      | $535679.38    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Principal Financial Group Inc.               | PRINCIPAL FINL    | CUSIP: 74251V102<br>LEI: CUMYEZJOAF02RYZ1JJ85 | Long             | EC               | CORP              | US        |      1692 | NS      | $140283.72    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Truist Financial Corp.                       | TRUIST FINANCIAL  | CUSIP: 89832Q109<br>LEI: 549300DRQQI75D2JP341 | Long             | EC               | CORP              | US        |      9012 | NS      | $412028.64    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Cisco Systems, Inc.                          | CISCO SYSTEMS     | CUSIP: 17275R102<br>LEI: 549300LKFJ962MZ46593 | Long             | EC               | CORP              | US        |     29063 | NS      | $1988490.46   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Northrop Grumman Corporation                 | NORTHROP GRUMMAN  | CUSIP: 666807102<br>LEI: RIMU48P07456QXSO0R61 | Long             | EC               | CORP              | US        |      1003 | NS      | $611147.96    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Global Payments Inc                          | GLOBAL PAYMENTS   | CUSIP: 37940X102<br>LEI: 549300NOMHGVQBX6S778 | Long             | EC               | CORP              | US        |      1657 | NS      | $137663.56    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Waters Corporation                           | WATERS CORP       | CUSIP: 941848103<br>LEI: 5T547R1474YC9HOD8Q74 | Long             | EC               | CORP              | US        |       378 | NS      | $113328.18    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| TransUnion                                   | TRANSUNION        | CUSIP: 89400J107<br>LEI: 549300ZS772LUNUMRB03 | Long             | EC               | CORP              | US        |      1022 | NS      | $85623.16     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Centene Corp.                                | CENTENE CORP      | CUSIP: 15135B101<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | EC               | CORP              | US        |      3564 | NS      | $127163.52    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Public Storage                               | PUBLIC STORAGE    | CUSIP: 74460D109<br>LEI: 254900GLQZAD4N7N5Q19 | Long             | EC               | CORP              | US        |      1030 | NS      | $297515.50    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Air Products & Chemicals, Inc.               | AIR PRODS & CHEM  | CUSIP: 009158106<br>LEI: 7QEON6Y1RL5XR3R1W237 | Long             | EC               | CORP              | US        |      1492 | NS      | $406898.24    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Baxter International, Inc.                   | BAXTER INTL INC   | CUSIP: 071813109<br>LEI: J5OIVXX3P24RJRW5CK77 | Long             | EC               | CORP              | US        |      2808 | NS      | $63938.16     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Stryker Corporation                          | STRYKER CORP      | CUSIP: 863667101<br>LEI: 5493002F0SC4JTBU5137 | Long             | EC               | CORP              | US        |      2310 | NS      | $853937.70    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Illinois Tool Works Inc.                     | ILLINOIS TOOL WO  | CUSIP: 452308109<br>LEI: 76NA4I14SZCFAYMNSV04 | Long             | EC               | CORP              | US        |      2001 | NS      | $521780.76    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| MetLife Inc.                                 | METLIFE INC       | CUSIP: 59156R108<br>LEI: C4BXATY60WC6XEOZDX54 | Long             | EC               | CORP              | US        |      3983 | NS      | $328079.71    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Nucor Corporation                            | NUCOR CORP        | CUSIP: 670346105<br>LEI: 549300GGJCRSI2TIEJ46 | Long             | EC               | CORP              | US        |      1531 | NS      | $207343.33    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Intuitive Surgical Inc.                      | INTUITIVE SURGIC  | CUSIP: 46120E602<br>LEI: 54930052SRG011710797 | Long             | EC               | CORP              | US        |      2537 | NS      | $1134622.51   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Alliant Energy Corporation                   | ALLIANT ENERGY    | CUSIP: 018802108<br>LEI: 5493009ML300G373MZ12 | Long             | EC               | CORP              | US        |      1443 | NS      | $97272.63     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Ventas Inc.                                  | VENTAS INC        | CUSIP: 92276F100<br>LEI: ORQTRC074CWLT3DKHT41 | Long             | EC               | CORP              | US        |      2698 | NS      | $188833.02    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Comcast Corporation                          | COMCAST CORP-A    | CUSIP: 20030N101<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | EC               | CORP              | US        |     28431 | NS      | $893302.02    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Chipotle Mexican Grill Inc                   | CHIPOTLE MEXICAN  | CUSIP: 169656105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      8594 | NS      | $336798.86    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Boston Scientific Corporation                | BOSTON SCIENTIFC  | CUSIP: 101137107<br>LEI: Y6ZDD9FP4P8JSSJMW954 | Long             | EC               | CORP              | US        |     11107 | NS      | $1084376.41   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Kinder Morgan, Inc.                          | KINDER MORGAN IN  | CUSIP: 49456B101<br>LEI: 549300WR7IX8XE0TBO16 | Long             | EC               | CORP              | US        |     13098 | NS      | $370804.38    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Extra Space Storage Inc.                     | EXTRA SPACE STOR  | CUSIP: 30225T102<br>LEI: 529900SDJHKRQWED6A16 | Long             | EC               | CORP              | US        |      1504 | NS      | $211973.76    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Lam Research Corporation                     | LAM RESEARCH      | CUSIP: 512807306<br>LEI: 549300I4GMO6D34U1T02 | Long             | EC               | CORP              | US        |      8244 | NS      | $1103871.60   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| The Hartford Insurance Group Inc.            | HARTFORD INSURAN  | CUSIP: 416515104<br>LEI: IU7C3FTM7Y3BQM112U94 | Long             | EC               | CORP              | US        |      1728 | NS      | $230497.92    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Automatic Data Processing, Inc.              | AUTOMATIC DATA    | CUSIP: 053015103<br>LEI: HGBOLILQXWER4SAL2I23 | Long             | EC               | CORP              | US        |      3042 | NS      | $892827.00    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Palo Alto Networks Inc                       | PALO ALTO NETWOR  | CUSIP: 697435105<br>LEI: 549300QXR2YVZV231H43 | Long             | EC               | CORP              | US        |      4988 | NS      | $1015656.56   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| AT&T Inc                                     | AT&T INC          | CUSIP: 00206R102<br>LEI: 549300Z40J86GGSTL398 | Long             | EC               | CORP              | US        |     54836 | NS      | $1548568.64   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| The Kraft Heinz Co.                          | KRAFT HEINZ CO/T  | CUSIP: 500754106<br>LEI: 9845007488EC87F5AF14 | Long             | EC               | CORP              | US        |      4709 | NS      | $122622.36    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadridge Financial Solutions Inc.          | BROADRIDGE FINL   | CUSIP: 11133T103<br>LEI: 549300KZDJZQ2YIHRC28 | Long             | EC               | CORP              | US        |       751 | NS      | $178865.67    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| American Tower Corporation                   | AMERICAN TOWER C  | CUSIP: 03027X100<br>LEI: 5493006ORUSIL88JOE18 | Long             | EC               | CORP              | US        |      3668 | NS      | $705429.76    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Johnson Controls International PLC           | JOHNSON CONTROLS  | CUSIP: G51502105<br>LEI: 549300XQ6S1GYKGBL205 | Long             | EC               | CORP              | IE        |      3885 | NS      | $427155.75    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Trane Technologies PLC                       | TRANE TECHNOLOGI  | CUSIP: G8994E103<br>LEI: 549300BURLR9SLYY2705 | Long             | EC               | CORP              | IE        |      1302 | NS      | $549391.92    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Entergy Corporation                          | ENTERGY CORP      | CUSIP: 29364G103<br>LEI: 4XM3TW50JULSLG8BNC79 | Long             | EC               | CORP              | US        |      2673 | NS      | $249096.87    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| PPL Corporation                              | PPL CORP          | CUSIP: 69351T106<br>LEI: 9N3UAJSNOUXFKQLF3V18 | Long             | EC               | CORP              | US        |      4969 | NS      | $184648.04    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Alexandria Real Estate Equities, Inc.        | ALEXANDRIA REAL   | CUSIP: 015271109<br>LEI: MGCJBT4MKTQBVLNUIS88 | Long             | EC               | CORP              | US        |      1194 | NS      | $99507.96     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Archer-Daniels-Midland Co.                   | ARCHER-DANIELS    | CUSIP: 039483102<br>LEI: 549300LO13MQ9HYSTR83 | Long             | EC               | CORP              | US        |      2804 | NS      | $167510.96    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Oracle Corp.                                 | ORACLE CORP       | CUSIP: 68389X105<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | EC               | CORP              | US        |     11801 | NS      | $3318913.24   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Home Depot Inc.                              | HOME DEPOT INC    | CUSIP: 437076102<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | EC               | CORP              | US        |      7449 | NS      | $3018260.31   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Edwards Lifesciences Corporation             | EDWARDS LIFE      | CUSIP: 28176E108<br>LEI: YA13X31F3V31L8TMPR58 | Long             | EC               | CORP              | US        |      4136 | NS      | $321656.72    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Wabtec Corp                                  | WABTEC CORP       | CUSIP: 929740108<br>LEI: 06BTX5UWZD0GQ5N5Y745 | Long             | EC               | CORP              | US        |      1156 | NS      | $231743.32    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadcom Inc                                 | BROADCOM INC      | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |     42354 | NS      | $13973008.14  | 2.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Quest Diagnostics Incorporated               | QUEST DIAGNOSTIC  | CUSIP: 74834L100<br>LEI: 8MCWUBXQ0WE04KMXBX50 | Long             | EC               | CORP              | US        |       757 | NS      | $144269.06    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Walt Disney Company                          | WALT DISNEY CO/T  | CUSIP: 254687106<br>LEI: 549300GZKULIZ0WOW665 | Long             | EC               | CORP              | US        |     11797 | NS      | $1350756.50   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Packaging Corporation of America             | PACKAGING CORP    | CUSIP: 695156109<br>LEI: 549300XZP8MFZFY8TJ84 | Long             | EC               | CORP              | US        |       722 | NS      | $157345.46    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Godaddy Inc                                  | GODADDY INC-A     | CUSIP: 380237107<br>LEI: 549300J8H1TB0I2CB447 | Long             | EC               | CORP              | US        |       974 | NS      | $133272.42    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Vulcan Materials Company                     | VULCAN MATERIALS  | CUSIP: 929160109<br>LEI: 549300Q8LSNHAVWBNI21 | Long             | EC               | CORP              | US        |       825 | NS      | $253786.50    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Cheniere Energy Inc                          | CHENIERE ENERGY   | CUSIP: 16411R208<br>LEI: MIHC87W9WTYSYZWV1J40 | Long             | EC               | CORP              | US        |      1488 | NS      | $349650.24    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Republic Services, Inc.                      | REPUBLIC SVCS     | CUSIP: 760759100<br>LEI: NKNQHM6BLECKVOQP7O46 | Long             | EC               | CORP              | US        |      1412 | NS      | $324025.76    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Pfizer Inc.                                  | PFIZER INC        | CUSIP: 717081103<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | EC               | CORP              | US        |     44885 | NS      | $1143669.80   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| MongoDB Inc.                                 | MONGODB INC       | CUSIP: 60937P106<br>LEI: 549300TPTG69WKWE1Z37 | Long             | EC               | CORP              | US        |       488 | NS      | $151465.44    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Elevance Health Inc.                         | ELEVANCE HEALTH   | CUSIP: 036752103<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | EC               | CORP              | US        |      1713 | NS      | $553504.56    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Synopsys Inc                                 | SYNOPSYS INC      | CUSIP: 871607107<br>LEI: QG7T915N9S0NY5UKNE63 | Long             | EC               | CORP              | US        |      1177 | NS      | $580720.03    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Cincinnati Financial Corporation             | CINCINNATI FIN    | CUSIP: 172062101<br>LEI: 254900Q4WEDMZBOZ0002 | Long             | EC               | CORP              | US        |       897 | NS      | $141815.70    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Citizens Financial Group Inc                 | CITIZENS FINANCI  | CUSIP: 174610105<br>LEI: 2138004JDDA4ZQUPFW65 | Long             | EC               | CORP              | US        |      3416 | NS      | $181594.56    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| FactSet Research Systems Inc.                | FACTSET RESEARCH  | CUSIP: 303075105<br>LEI: 549300ZSJE7NBK6K9P30 | Long             | EC               | CORP              | US        |       197 | NS      | $56438.53     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of America Corp.                        | BANK OF AMERICA   | CUSIP: 060505104<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EC               | CORP              | US        |     47941 | NS      | $2473276.19   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Lowes Companies, Inc.                        | LOWE'S COS INC    | CUSIP: 548661107<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | EC               | CORP              | US        |      4369 | NS      | $1097973.39   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Ball Corporation                             | BALL CORP         | CUSIP: 058498106<br>LEI: 0BGI85ALH27ZJP15DY16 | Long             | EC               | CORP              | US        |      1717 | NS      | $86571.14     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Ulta Beauty Inc                              | ULTA BEAUTY INC   | CUSIP: 90384S303<br>LEI: 529900CIV6HN8M28YM82 | Long             | EC               | CORP              | US        |       332 | NS      | $181521.00    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| MSCI Inc.                                    | MSCI INC          | CUSIP: 55354G100<br>LEI: 549300HTIN2PD78UB763 | Long             | EC               | CORP              | US        |       473 | NS      | $268384.93    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Constellation Brands, Inc.                   | CONSTELLATION-A   | CUSIP: 21036P108<br>LEI: 5493005GKEG8QCVY7037 | Long             | EC               | CORP              | US        |       934 | NS      | $125781.78    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Schlumberger Limited                         | SCHLUMBERGER LTD  | CUSIP: 806857108<br>LEI: 213800ZUA17OK3QLGM62 | Long             | EC               | CORP              | CW        |      9059 | NS      | $311357.83    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| General Dynamics Corporation                 | GENERAL DYNAMICS  | CUSIP: 369550108<br>LEI: 9C1X8XOOTYY2FNYTVH06 | Long             | EC               | CORP              | US        |      1462 | NS      | $498542.00    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Autodesk Inc                                 | AUTODESK INC      | CUSIP: 052769106<br>LEI: FRKKVKAIQEF3FCSTPG55 | Long             | EC               | CORP              | US        |      1384 | NS      | $439655.28    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Fortive Corporation                          | FORTIVE CORP      | CUSIP: 34959J108<br>LEI: 549300MU9YQJYHDQEF63 | Long             | EC               | CORP              | US        |      2545 | NS      | $124679.55    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Thermo Fisher Scientific Inc                 | THERMO FISHER     | CUSIP: 883556102<br>LEI: HCHV7422L5HDJZCRFL38 | Long             | EC               | CORP              | US        |      3038 | NS      | $1473490.76   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| 3M Company                                   | 3M CO             | CUSIP: 88579Y101<br>LEI: LUZQVYP4VS22CLWDAR65 | Long             | EC               | CORP              | US        |      3463 | NS      | $537388.34    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Labcorp Holdings Inc                         | LABCORP HOLDINGS  | CUSIP: 504922105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       523 | NS      | $150132.38    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Berkshire Hathaway Inc.                      | BERKSHIRE HATH-B  | CUSIP: 084670702<br>LEI: 5493000C01ZX7D35SD85 | Long             | EC               | CORP              | US        |     12111 | NS      | $6088684.14   | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Northern Trust Corporation                   | NORTHERN TRUST    | CUSIP: 665859104<br>LEI: 549300GLF98S992BC502 | Long             | EC               | CORP              | US        |      1329 | NS      | $178883.40    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| The Sherwin-Williams Company                 | SHERWIN-WILLIAMS  | CUSIP: 824348106<br>LEI: Z15BMIOX8DDH0X2OBP21 | Long             | EC               | CORP              | US        |      1512 | NS      | $523545.12    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Humana Inc.                                  | HUMANA INC        | CUSIP: 444859102<br>LEI: 529900YLDW34GJAO4J06 | Long             | EC               | CORP              | US        |       868 | NS      | $225827.56    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| American International Group Inc.            | AMERICAN INTERNA  | CUSIP: 026874784<br>LEI: ODVCVCQG2BP6VHV36M30 | Long             | EC               | CORP              | US        |      4335 | NS      | $340470.90    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Essex Property Trust, Inc.                   | ESSEX PROPERTY    | CUSIP: 297178105<br>LEI: 549300TR2H2VEFX0NC60 | Long             | EC               | CORP              | US        |       465 | NS      | $124461.90    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Pepsico Inc                                  | PEPSICO INC       | CUSIP: 713448108<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | EC               | CORP              | US        |     10854 | NS      | $1524335.76   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| LPL Financial Holdings Inc.                  | LPL FINANCIAL HO  | CUSIP: 50212V100<br>LEI: 549300XROQ4Y8G2L7682 | Long             | EC               | CORP              | US        |       514 | NS      | $171002.66    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Becton, Dickinson and Company                | BECTON DICKINSON  | CUSIP: 075887109<br>LEI: ICE2EP6D98PQUILVRZ91 | Long             | EC               | CORP              | US        |      2362 | NS      | $442095.54    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Ford Motor Company                           | FORD MOTOR CO     | CUSIP: 345370860<br>LEI: 20S05OYHG0MQM4VUIC57 | Long             | EC               | CORP              | US        |     25974 | NS      | $310649.04    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Dover Corporation                            | DOVER CORP        | CUSIP: 260003108<br>LEI: 549300FMC2ALGA7N9E80 | Long             | EC               | CORP              | US        |      1011 | NS      | $168665.13    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Equity Residential                           | EQUITY RESIDENTI  | CUSIP: 29476L107<br>LEI: 5493008RACSH5EP3PI59 | Long             | EC               | CORP              | US        |      2530 | NS      | $163766.90    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Copart Inc                                   | COPART INC        | CUSIP: 217204106<br>LEI: 549300KVYX3JWMYEHU61 | Long             | EC               | CORP              | US        |      5752 | NS      | $258667.44    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Bristol-Myers Squibb Company                 | BRISTOL-MYER SQB  | CUSIP: 110122108<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | EC               | CORP              | US        |     16123 | NS      | $727147.30    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Instruments Inc.                       | TEXAS INSTRUMENT  | CUSIP: 882508104<br>LEI: WDJNR2L6D8RWOEB8T652 | Long             | EC               | CORP              | US        |      6701 | NS      | $1231174.73   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Teledyne Technologies Inc                    | TELEDYNE TECH     | CUSIP: 879360105<br>LEI: 549300VSMO9KYQWDND94 | Long             | EC               | CORP              | US        |       270 | NS      | $158230.80    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Coca-Cola Co (The)                           | COCA-COLA CO/THE  | CUSIP: 191216100<br>LEI: UWJKFUJFZ02DKWI3RY53 | Long             | EC               | CORP              | US        |     29970 | NS      | $1987610.40   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Airbnb Inc                                   | AIRBNB INC-A      | CUSIP: 009066101<br>LEI: 549300HMUDNO0RY56D37 | Long             | EC               | CORP              | US        |      2821 | NS      | $342525.82    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Darden Restaurants, Inc.                     | DARDEN RESTAURAN  | CUSIP: 237194105<br>LEI: CY1NFSCCB5GUXC7WZC70 | Long             | EC               | CORP              | US        |       883 | NS      | $168087.88    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Duke Energy Corp                             | DUKE ENERGY CORP  | CUSIP: 26441C204<br>LEI: I1BZKREC126H0VB1BL91 | Long             | EC               | CORP              | US        |      5165 | NS      | $639168.75    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Gallagher Aj &Co                             | ARTHUR J GALLAGH  | CUSIP: 363576109<br>LEI: 54930049QLLMPART6V29 | Long             | EC               | CORP              | US        |      1562 | NS      | $483813.88    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Expeditors International Of Washington Inc.  | EXPEDITORS INTL   | CUSIP: 302130109<br>LEI: 984500B055A804AB6E40 | Long             | EC               | CORP              | US        |       805 | NS      | $98684.95     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Quanta Services, Inc.                        | QUANTA SERVICES   | CUSIP: 74762E102<br>LEI: SHVRXXEACT60MMH07S24 | Long             | EC               | CORP              | US        |       949 | NS      | $393284.58    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Zimmer Biomet Holdings Inc                   | ZIMMER BIOMET HO  | CUSIP: 98956P102<br>LEI: 2P2YLDVPES3BXQ1FRB91 | Long             | EC               | CORP              | US        |      1397 | NS      | $137604.50    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Colgate-Palmolive Co.                        | COLGATE-PALMOLIV  | CUSIP: 194162103<br>LEI: YMEGZFW4SBUSS5BQXF88 | Long             | EC               | CORP              | US        |      5857 | NS      | $468208.58    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Gen Digital Inc                              | GEN DIGITAL INC   | CUSIP: 668771108<br>LEI: YF6ZV0M6AU4FY94MK914 | Long             | EC               | CORP              | US        |      3132 | NS      | $88917.48     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Advanced Micro Devices Inc.                  | ADV MICRO DEVICE  | CUSIP: 007903107<br>LEI: R2I72C950HOYXII45366 | Long             | EC               | CORP              | US        |     11688 | NS      | $1891001.52   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Insulet Corporation                          | INSULET CORP      | CUSIP: 45784P101<br>LEI: 549300TZTYD2PYN92D43 | Long             | EC               | CORP              | US        |       505 | NS      | $155908.65    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| BBH SWEEP VEHICLE                            | BBH SWEEP VEHICLE | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | US        |    819449 | PA      | $819448.69    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Cloudflare Inc                               | CLOUDFLARE INC-A  | CUSIP: 18915M107<br>LEI: 5493007DY18BGNLDWU14 | Long             | EC               | CORP              | US        |      2142 | NS      | $459651.78    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Consolidated Edison, Inc.                    | CONS EDISON INC   | CUSIP: 209115104<br>LEI: 54930033SBW53OO8T749 | Long             | EC               | CORP              | US        |      2471 | NS      | $248384.92    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| GE Vernova Inc.                              | GE VERNOVA LLC    | CUSIP: 36828A101<br>LEI: 254900DP080RU6OK2553 | Long             | EC               | CORP              | US        |      2001 | NS      | $1230414.90   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Delta Air Lines Inc.                         | DELTA AIR LI      | CUSIP: 247361702<br>LEI: Q2CCMS6R0AS67HJMBN42 | Long             | EC               | CORP              | US        |      3694 | NS      | $209634.50    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| CDW Corp                                     | CDW CORP/DE       | CUSIP: 12514G108<br>LEI: 9845001B052ABF0B6755 | Long             | EC               | CORP              | US        |       727 | NS      | $115796.56    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Markel Group Inc                             | MARKEL GROUP INC  | CUSIP: 570535104<br>LEI: 549300SCNO12JLWIK605 | Long             | EC               | CORP              | US        |        88 | NS      | $168199.68    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Phillips 66                                  | PHILLIPS 66       | CUSIP: 718546104<br>LEI: 5493005JBO5YSIGK1814 | Long             | EC               | CORP              | US        |      2851 | NS      | $387793.02    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| MasterCard Incorporated                      | MASTERCARD INC-A  | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               | CORP              | US        |      5931 | NS      | $3373612.11   | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| The Trade Desk Inc                           | TRADE DESK INC-A  | CUSIP: 88339J105<br>LEI: 549300GXPD31VT3E0P46 | Long             | EC               | CORP              | US        |      2962 | NS      | $145167.62    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| DexCom Inc                                   | DEXCOM            | CUSIP: 252131107<br>LEI: 549300YSK3QDSFR5EU59 | Long             | EC               | CORP              | US        |      2089 | NS      | $140568.81    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| M&T Bank Corporation                         | M&T BANK CORP     | CUSIP: 55261F104<br>LEI: 549300WYXDDBYRASEG81 | Long             | EC               | CORP              | US        |       995 | NS      | $196631.90    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Travelers Companies, Inc.                    | TRAVELERS COS IN  | CUSIP: 89417E109<br>LEI: 549300Y650407RU8B149 | Long             | EC               | CORP              | US        |      1465 | NS      | $409057.30    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Cognizant Technology Solutions Corp.         | COGNIZANT TECH-A  | CUSIP: 192446102<br>LEI: 5493006IEVQEFQO40L83 | Long             | EC               | CORP              | US        |      3365 | NS      | $225690.55    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Micron Technology Inc.                       | MICRON TECH       | CUSIP: 595112103<br>LEI: B3DXGBC8GAIYWI2Z0172 | Long             | EC               | CORP              | US        |      6776 | NS      | $1133760.32   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Merck & Co., Inc                             | MERCK & CO        | CUSIP: 58933Y105<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | EC               | CORP              | US        |     21183 | NS      | $1777889.19   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Parker-Hannifin Corp.                        | PARKER HANNIFIN   | CUSIP: 701094104<br>LEI: 5493002CONDB4N2HKI23 | Long             | EC               | CORP              | US        |       827 | NS      | $626990.05    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Block Inc                                    | BLOCK INC         | CUSIP: 852234103<br>LEI: 549300OHIIUWSTIZME52 | Long             | EC               | CORP              | US        |      4439 | NS      | $320806.53    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Regions Financial Corporation                | REGIONS FINANCIA  | CUSIP: 7591EP100<br>LEI: CW05CS5KW59QTC0DG824 | Long             | EC               | CORP              | US        |      6270 | NS      | $165339.90    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Starbucks Corp.                              | STARBUCKS CORP    | CUSIP: 855244109<br>LEI: OQSJ1DU9TAOC51A47K68 | Long             | EC               | CORP              | US        |      7601 | NS      | $643044.60    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Ameren Corp.                                 | AMEREN CORP       | CUSIP: 023608102<br>LEI: XRZQ5S7HYJFPHJ78L959 | Long             | EC               | CORP              | US        |      1803 | NS      | $188197.14    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Alnylam Pharmaceuticals Inc.                 | ALNYLAM PHARMACE  | CUSIP: 02043Q107<br>LEI: 529900S3ZI14OWRJII50 | Long             | EC               | CORP              | US        |       854 | NS      | $389424.00    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| J. B. Hunt Transport Services, Inc.          | HUNT (JB) TRANS   | CUSIP: 445658107<br>LEI: 549300XCD1MPI1C5GK90 | Long             | EC               | CORP              | US        |       645 | NS      | $86539.65     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Adobe Inc                                    | ADOBE INC         | CUSIP: 00724F101<br>LEI: FU4LY2G4933NH2E1CP29 | Long             | EC               | CORP              | US        |      3237 | NS      | $1141851.75   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Hershey Co. (The)                            | HERSHEY CO/THE    | CUSIP: 427866108<br>LEI: 21X2CX66SU2BR6QTAD08 | Long             | EC               | CORP              | US        |      1045 | NS      | $195467.25    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Dollar Tree Inc                              | DOLLAR TREE INC   | CUSIP: 256746108<br>LEI: 549300PMSTQITB1WHR43 | Long             | EC               | CORP              | US        |      1044 | NS      | $98522.28     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Hologic Inc                                  | HOLOGIC INC       | CUSIP: 436440101<br>LEI: 549300DYP6F5ZJL0LB74 | Long             | EC               | CORP              | US        |      1607 | NS      | $108456.43    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| PG&E Corporation                             | PG&E CORP         | CUSIP: 69331C108<br>LEI: 8YQ2GSDWYZXO2EDN3511 | Long             | EC               | CORP              | US        |     15509 | NS      | $233875.72    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Iron Mountain Inc.                           | IRON MOUNTAIN     | CUSIP: 46284V101<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | EC               | CORP              | US        |      1815 | NS      | $185021.10    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Fair Isaac Corporation                       | FAIR ISAAC CORP   | CUSIP: 303250104<br>LEI: RI6HET5SJUEY30V1PS26 | Long             | EC               | CORP              | US        |       138 | NS      | $206521.14    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Ralliant Corp.                               | RALLIANT CORP     | CUSIP: 750940108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       822 | NS      | $35946.06     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Equinix, Inc.                                | EQUINIX INC       | CUSIP: 29444U700<br>LEI: 549300EVUN2BTLJ3GT74 | Long             | EC               | CORP              | US        |       661 | NS      | $517721.64    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Ingersoll Rand Inc                           | INGERSOLL-RAND I  | CUSIP: 45687V106<br>LEI: 5299004C02FMZCUOIR50 | Long             | EC               | CORP              | US        |      2813 | NS      | $232410.06    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| KeyCorp                                      | KEYCORP           | CUSIP: 493267108<br>LEI: RKPI3RZGV1V1FJTH5T61 | Long             | EC               | CORP              | US        |      8594 | NS      | $160621.86    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Zoom Communications Inc.                     | ZOOM COMMUNICATI  | CUSIP: 98980L101<br>LEI: 549300T9GCHU0ODOM055 | Long             | EC               | CORP              | US        |      1652 | NS      | $136290.00    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Costar Group Inc                             | COSTAR GROUP INC  | CUSIP: 22160N109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2914 | NS      | $245854.18    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| ConocoPhillips                               | CONOCOPHILLIPS    | CUSIP: 20825C104<br>LEI: WPTL2Z3FIYTHSP5V2253 | Long             | EC               | CORP              | US        |      9998 | NS      | $945710.82    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Otis Worldwide Corp.                         | OTIS WORLDWI      | CUSIP: 68902V107<br>LEI: 549300ZLBKR8VSU25153 | Long             | EC               | CORP              | US        |      2746 | NS      | $251066.78    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Diamondback Energy Inc                       | DIAMONDBACK ENER  | CUSIP: 25278X109<br>LEI: 549300R22LSX6OHWEN64 | Long             | EC               | CORP              | US        |      1320 | NS      | $188892.00    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Transdigm Group Inc.                         | TRANSDIGM GROUP   | CUSIP: 893641100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       381 | NS      | $502165.62    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Warner Bros. Discovery Inc.                  | WARNER BROS DISC  | CUSIP: 934423104<br>LEI: 5493006ZCRFWKF6B1K26 | Long             | EC               | CORP              | US        |     14819 | NS      | $289415.07    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| WEC Energy Group Inc.                        | WEC ENERGY GROUP  | CUSIP: 92939U106<br>LEI: 549300IGLYTZUK3PVP70 | Long             | EC               | CORP              | US        |      2058 | NS      | $235826.22    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Johnson & Johnson                            | JOHNSON&JOHNSON   | CUSIP: 478160104<br>LEI: 549300G0CFPGEF6X2043 | Long             | EC               | CORP              | US        |     18621 | NS      | $3452705.82   | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Analog Devices Inc.                          | ANALOG DEVICES    | CUSIP: 032654105<br>LEI: GYVOE5EZ4GDAVTU4CQ61 | Long             | EC               | CORP              | US        |      3487 | NS      | $856755.90    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Crown Castle Inc.                            | CROWN CASTLE INC  | CUSIP: 22822V101<br>LEI: 54930012H97VSM0I2R19 | Long             | EC               | CORP              | US        |      2999 | NS      | $289373.51    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Paccar Inc                                   | PACCAR INC        | CUSIP: 693718108<br>LEI: KDTEY8BWE486IKZ3CC07 | Long             | EC               | CORP              | US        |      3420 | NS      | $336254.40    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Charter Communications, Inc.                 | CHARTER COMMUN-A  | CUSIP: 16119P108<br>LEI: 0J0XRGZE3PBRFEZ7MV65 | Long             | EC               | CORP              | US        |       651 | NS      | $179093.36    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| RTX Corp.                                    | RTX CORP          | CUSIP: 75513E101<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | EC               | CORP              | US        |      9968 | NS      | $1667945.44   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| W.R. Berkley Corporation                     | WR BERKLEY CORP   | CUSIP: 084423102<br>LEI: SQOAGCLKBDWNVYV1OV80 | Long             | EC               | CORP              | US        |      1826 | NS      | $139908.12    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Prologis Inc.                                | PROLOGIS INC      | CUSIP: 74340W103<br>LEI: 529900DFH19P073LZ636 | Long             | EC               | CORP              | US        |      6329 | NS      | $724797.08    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Motorola Solutions Inc                       | MOTOROLA SOLUTIO  | CUSIP: 620076307<br>LEI: 6S552MUG6KGJVEBSEC55 | Long             | EC               | CORP              | US        |      1182 | NS      | $540516.78    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| SS&C Technologies Holdings Inc.              | SS&C TECHNOLOGIE  | CUSIP: 78467J100<br>LEI: 529900POY8H7NPPNKK71 | Long             | EC               | CORP              | US        |      1146 | NS      | $101718.96    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Aflac Incorporated                           | AFLAC INC         | CUSIP: 001055102<br>LEI: 549300N0B7DOGLXWPP39 | Long             | EC               | CORP              | US        |      3313 | NS      | $370062.10    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| S&P Global Inc                               | S&P GLOBAL INC    | CUSIP: 78409V104<br>LEI: Y6X4K52KMJMZE7I7MY94 | Long             | EC               | CORP              | US        |      2267 | NS      | $1103371.57   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Realty Income Corporation                    | REALTY INCOME     | CUSIP: 756109104<br>LEI: 549300CUWDAUZSH43859 | Long             | EC               | CORP              | US        |      6331 | NS      | $384861.49    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| ABIOMED, INC.                                | ABIOMED INC -CVR  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |       143 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Electronic Arts Inc.                         | ELECTRONIC ARTS   | CUSIP: 285512109<br>LEI: 549300O7A67PUEYKDL45 | Long             | EC               | CORP              | US        |      1427 | NS      | $287825.90    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Take-Two Interactive Software Inc.           | TAKE-TWO INTERAC  | CUSIP: 874054109<br>LEI: BOMSTHHJK882EWYX3334 | Long             | EC               | CORP              | US        |      1181 | NS      | $305123.16    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Kimberly-Clark Corporation                   | KIMBERLY-CLARK    | CUSIP: 494368103<br>LEI: MP3J6QPYPGN75NVW2S34 | Long             | EC               | CORP              | US        |      2325 | NS      | $289090.50    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Marathon Petroleum Corp.                     | MARATHON PETROLE  | CUSIP: 56585A102<br>LEI: 3BNYRYQHD39K4LCKQF12 | Long             | EC               | CORP              | US        |      2078 | NS      | $400513.72    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Amentum Holdings, Inc.                       | AMENTUM HOLDINGS  | CUSIP: 023939101<br>LEI: 2549009FJIBLW40CU216 | Long             | EC               | CORP              | US        |        41 | NS      | $981.95       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity National Information Services Inc   | FIDELITY NATIONA  | CUSIP: 31620M106<br>LEI: 6WQI0GK1PRFVBA061U48 | Long             | EC               | CORP              | US        |      3423 | NS      | $225712.62    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Keysight Technologies, Inc.                  | KEYSIGHT TEC      | CUSIP: 49338L103<br>LEI: 549300GLKVIO8YRCYN02 | Long             | EC               | CORP              | US        |      1165 | NS      | $203781.80    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| American Electric Power Co, Inc.             | AMERICAN ELECTRI  | CUSIP: 025537101<br>LEI: 1B4S6S7G0TW5EE83BO58 | Long             | EC               | CORP              | US        |      3781 | NS      | $425362.50    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Super Micro Computer Inc.                    | SUPER MICRO COMP  | CUSIP: 86800U302<br>LEI: 54930022CZO1N2UGVW07 | Long             | EC               | CORP              | US        |      4141 | NS      | $198519.54    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Ameriprise Financial, Inc.                   | AMERIPRISE FINAN  | CUSIP: 03076C106<br>LEI: 6ZLKQF7QB6JAEKQS5388 | Long             | EC               | CORP              | US        |       630 | NS      | $309487.50    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Wells Fargo & Co.                            | WELLS FARGO & CO  | CUSIP: 949746101<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | EC               | CORP              | US        |     24293 | NS      | $2036239.26   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Vertiv Holdings Co                           | VERTIV HOLDING-A  | CUSIP: 92537N108<br>LEI: 549300KTTIRAOGXCRV69 | Long             | EC               | CORP              | US        |      1837 | NS      | $277129.82    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Corteva Inc                                  | CORTEVA INC       | CUSIP: 22052L104<br>LEI: 549300WZN9I2QKLS0O94 | Long             | EC               | CORP              | US        |      4029 | NS      | $272481.27    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Dominion Energy Inc                          | DOMINION ENERGY   | CUSIP: 25746U109<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | EC               | CORP              | US        |      5659 | NS      | $346161.03    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Chevron Corp.                                | CHEVRON CORP      | CUSIP: 166764100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     15004 | NS      | $2329971.16   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Mid-America Apartment Communities, Inc.      | MID-AMERICA APAR  | CUSIP: 59522J103<br>LEI: 549300FQZKFR5YNSHZ21 | Long             | EC               | CORP              | US        |       814 | NS      | $113740.22    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| General Mills, Inc.                          | GENERAL MILLS IN  | CUSIP: 370334104<br>LEI: 2TGYMUGI08PO8X8L6150 | Long             | EC               | CORP              | US        |      4054 | NS      | $204402.68    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| KKR & Co Inc.                                | KKR & CO INC      | CUSIP: 48251W104<br>LEI: 54930013V5I303TF9571 | Long             | EC               | CORP              | US        |      4448 | NS      | $578017.60    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Danaher Corporation                          | DANAHER CORP      | CUSIP: 235851102<br>LEI: S4BKK9OTCEWQ3YHPFM11 | Long             | EC               | CORP              | US        |      5023 | NS      | $995859.98    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Rockwell Automation, Inc.                    | ROCKWELL AUTOMAT  | CUSIP: 773903109<br>LEI: VH3R4HHBHH12O0EXZJ88 | Long             | EC               | CORP              | US        |       608 | NS      | $212514.24    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| CSX Corporation                              | CSX CORP          | CUSIP: 126408103<br>LEI: 549300JVQR4N1MMP3Q88 | Long             | EC               | CORP              | US        |     12284 | NS      | $436204.84    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Target Corp.                                 | TARGET CORP       | CUSIP: 87612E106<br>LEI: 8WDDFXB5T1Z6J0XC1L66 | Long             | EC               | CORP              | US        |      3203 | NS      | $287309.10    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Altria Group, Inc.                           | ALTRIA GROUP INC  | CUSIP: 02209S103<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | EC               | CORP              | US        |     12564 | NS      | $829977.84    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Booz Allen Hamilton Holding Corp.            | BOOZ ALLEN HAMIL  | CUSIP: 099502106<br>LEI: 529900JPV47PIUWMA015 | Long             | EC               | CORP              | US        |       709 | NS      | $70864.55     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Roblox Corporation                           | ROBLOX CORP - A   | CUSIP: 771049103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3141 | NS      | $435091.32    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Salesforce Inc.                              | SALESFORCE INC    | CUSIP: 79466L302<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | EC               | CORP              | US        |      6802 | NS      | $1612074.00   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Intuit Inc                                   | INTUIT INC        | CUSIP: 461202103<br>LEI: VI90HBPH7XSFMB9E4M29 | Long             | EC               | CORP              | US        |      1965 | NS      | $1341918.15   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Martin Marietta Materials Inc                | MARTIN MAR MTLS   | CUSIP: 573284106<br>LEI: 5299005MZ4WZECVATV08 | Long             | EC               | CORP              | US        |       409 | NS      | $257784.52    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Cencora Inc                                  | CENCORA INC       | CUSIP: 03073E105<br>LEI: AI8GXW8LG5WK7E9UD086 | Long             | EC               | CORP              | US        |      1227 | NS      | $383474.31    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| FirstEnergy Corp.                            | FIRSTENERGY CORP  | CUSIP: 337932107<br>LEI: 549300SVYJS666PQJH88 | Long             | EC               | CORP              | US        |      4183 | NS      | $191665.06    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Prudential Financial, Inc.                   | PRUDENTL FINL     | CUSIP: 744320102<br>LEI: 5PRBRS5FEH7NREC8OR45 | Long             | EC               | CORP              | US        |      2560 | NS      | $265574.40    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| United Airlines Holdings Inc                 | UNITED AIRLINES   | CUSIP: 910047109<br>LEI: 98450079DA0B78DD6764 | Long             | EC               | CORP              | US        |      1678 | NS      | $161927.00    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Willis Towers Watson Public Limited Company  | WILLIS TOWERS WA  | CUSIP: G96629103<br>LEI: 549300WHC56FF48KL350 | Long             | EC               | CORP              | IE        |       704 | NS      | $243196.80    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Seagate Technology Holdings PLC              | SEAGATE TECHNOLO  | CUSIP: G7997R103<br>LEI: 635400RUXIFEZSRU8X70 | Long             | EC               | CORP              | IE        |       914 | NS      | $215758.84    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| L3 Harris Technologies Inc                   | L3HARRIS TECHNOL  | CUSIP: 502431109<br>LEI: 549300UTE50ZMDBG8A20 | Long             | EC               | CORP              | US        |      1214 | NS      | $370767.74    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Intercontinental Exchange Inc                | INTERCONTINENTAL  | CUSIP: 45866F104<br>LEI: 5493000F4ZO33MV32P92 | Long             | EC               | CORP              | US        |      3509 | NS      | $591196.32    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| EOG Resources Inc.                           | EOG RESOURCES     | CUSIP: 26875P101<br>LEI: XWTZDRYZPBUHIQBKDB46 | Long             | EC               | CORP              | US        |      4031 | NS      | $451955.72    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Amphenol Corporation                         | AMPHENOL CORP-A   | CUSIP: 032095101<br>LEI: 549300D3L3G0R4U4VT04 | Long             | EC               | CORP              | US        |      7707 | NS      | $953741.25    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| McCormick & Company, Incorporated            | MCCORMICK-N/V     | CUSIP: 579780206<br>LEI: 549300JQQA6MQ4OJP259 | Long             | EC               | CORP              | US        |      1741 | NS      | $116490.31    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Apollo Global Management Inc                 | APOLLO GLOBAL MA  | CUSIP: 03769M106<br>LEI: 254900LMFT1CY9IYB476 | Long             | EC               | CORP              | US        |      2650 | NS      | $353165.50    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Ross Stores Inc                              | ROSS STORES INC   | CUSIP: 778296103<br>LEI: 549300ENZFLPGRDFZQ60 | Long             | EC               | CORP              | US        |      2172 | NS      | $330991.08    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Biogen Inc                                   | BIOGEN INC        | CUSIP: 09062X103<br>LEI: W8J5WZB5IY3K0NDQT671 | Long             | EC               | CORP              | US        |      1131 | NS      | $158430.48    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Avery Dennison Corporation                   | AVERY DENNISON    | CUSIP: 053611109<br>LEI: 549300PW7VPFCYKLIV37 | Long             | EC               | CORP              | US        |       504 | NS      | $81733.68     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Vici Properties Inc                          | VICI PROPERTIES   | CUSIP: 925652109<br>LEI: 254900RKH6RY9KCJQH63 | Long             | EC               | CORP              | US        |      7036 | NS      | $229443.96    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Jacobs Solutions Inc.                        | JACOBS SOLUTIONS  | CUSIP: 46982L108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       713 | NS      | $106850.18    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc.                                | ALPHABET INC-A    | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |     53352 | NS      | $12969871.20  | 2.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Jabil Inc                                    | JABIL INC         | CUSIP: 466313103<br>LEI: 5493000CGCQY2OQU7669 | Long             | EC               | CORP              | US        |       574 | NS      | $124655.58    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| The Progressive Corporation                  | PROGRESSIVE CORP  | CUSIP: 743315103<br>LEI: 529900TACNVLY9DCR586 | Long             | EC               | CORP              | US        |      4387 | NS      | $1083369.65   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Dominos Pizza Inc.                           | DOMINO'S PIZZA    | CUSIP: 25754A201<br>LEI: 25490005ZWM1IF9UXU57 | Long             | EC               | CORP              | US        |       275 | NS      | $118720.25    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| The Kroger Co.                               | KROGER CO         | CUSIP: 501044101<br>LEI: 6CPEOKI6OYJ13Q6O7870 | Long             | EC               | CORP              | US        |      4328 | NS      | $291750.48    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| The Charles Schwab Corporation               | SCHWAB (CHARLES)  | CUSIP: 808513105<br>LEI: 549300VSGCJ7E698NM85 | Long             | EC               | CORP              | US        |     11056 | NS      | $1055516.32   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Ares Management Corporation                  | ARES MANAGEM- A   | CUSIP: 03990B101<br>LEI: 529900JUV61FH7B8VW38 | Long             | EC               | CORP              | US        |      1059 | NS      | $169323.51    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Simon Property Group Inc                     | SIMON PROPERTY    | CUSIP: 828806109<br>LEI: 529900GQL5X8H7AO3T64 | Long             | EC               | CORP              | US        |      2175 | NS      | $408182.25    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Medtronic PLC                                | MEDTRONIC PLC     | CUSIP: G5960L103<br>LEI: 549300GX3ZBSQWUXY261 | Long             | EC               | CORP              | IE        |     10090 | NS      | $960971.60    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Servicenow Inc                               | SERVICENOW INC    | CUSIP: 81762P102<br>LEI: 549300HJTQM36M0E1G39 | Long             | EC               | CORP              | US        |      1502 | NS      | $1382260.56   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Hubbell Incorporated                         | HUBBELL INC       | CUSIP: 443510607<br>LEI: 54930088VDQ6840Y6597 | Long             | EC               | CORP              | US        |       376 | NS      | $161796.56    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Deere & Company                              | DEERE & CO        | CUSIP: 244199105<br>LEI: PWFTNG3EI0Y73OXWDH08 | Long             | EC               | CORP              | US        |      1810 | NS      | $827640.60    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Fastenal Co.                                 | FASTENAL CO       | CUSIP: 311900104<br>LEI: 529900PP0C7H2HHPSJ32 | Long             | EC               | CORP              | US        |      7840 | NS      | $384473.60    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Paypal Holdings Inc.                         | PAYPAL HOLDINGS   | CUSIP: 70450Y103<br>LEI: 5493005X2GO78EFZ3E94 | Long             | EC               | CORP              | US        |      6346 | NS      | $425562.76    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Crowdstrike Holdings Inc                     | CROWDSTRIKE HO-A  | CUSIP: 22788C105<br>LEI: 549300YBY08K9KM4HX32 | Long             | EC               | CORP              | US        |      1759 | NS      | $862578.42    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Abbott Laboratories                          | ABBOTT LABS       | CUSIP: 002824100<br>LEI: HQD377W2YR662HK5JX27 | Long             | EC               | CORP              | US        |     12933 | NS      | $1732246.02   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Paychex Inc                                  | PAYCHEX INC       | CUSIP: 704326107<br>LEI: 529900K900DW6SUBM174 | Long             | EC               | CORP              | US        |      2060 | NS      | $261125.60    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Costco Wholesale Corporation                 | COSTCO WHOLESALE  | CUSIP: 22160K105<br>LEI: 29DX7H14B9S6O3FD6V18 | Long             | EC               | CORP              | US        |      3380 | NS      | $3128629.40   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Edison International                         | EDISON INTL       | CUSIP: 281020107<br>LEI: 549300I7ROF15MAEVP56 | Long             | EC               | CORP              | US        |      2359 | NS      | $130405.52    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| PTC Inc                                      | PTC INC           | CUSIP: 69370C100<br>LEI: 54930050SSMU8SKDJ030 | Long             | EC               | CORP              | US        |       807 | NS      | $163837.14    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Marvell Technology Inc                       | MARVELL TECHNOLO  | CUSIP: 573874104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      6107 | NS      | $513415.49    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Verisign, Inc.                               | VERISIGN INC      | CUSIP: 92343E102<br>LEI: LMPL4N8ZOJRMF0KOF759 | Long             | EC               | CORP              | US        |       620 | NS      | $173333.40    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Workday Inc                                  | WORKDAY INC-A     | CUSIP: 98138H101<br>LEI: 549300J0DYC0N31V7G13 | Long             | EC               | CORP              | US        |      1375 | NS      | $331003.75    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| KLA Corp.                                    | KLA CORP          | CUSIP: 482480100<br>LEI: 549300H0BF5JCG96TJ81 | Long             | EC               | CORP              | US        |       877 | NS      | $945932.20    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Eversource Energy                            | EVERSOURCE ENERG  | CUSIP: 30040W108<br>LEI: SJ7XXD41SQU3ZNWUJ746 | Long             | EC               | CORP              | US        |      2118 | NS      | $150674.52    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Huntington Bancshares Incorporated           | HUNTINGTON BANC   | CUSIP: 446150104<br>LEI: 549300XTVCVV9I7B5T19 | Long             | EC               | CORP              | US        |      8780 | NS      | $151630.60    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Church & Dwight Co Inc.                      | CHURCH & DWIGHT   | CUSIP: 171340102<br>LEI: POOXSI30AWAQGYJZC921 | Long             | EC               | CORP              | US        |      1920 | NS      | $168249.60    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Steris PLC                                   | STERIS PLC        | CUSIP: G8473T100<br>LEI: N/A                  | Long             | EC               | CORP              | IE        |       588 | NS      | $145494.72    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Veeva Systems Inc                            | VEEVA SYSTEMS-A   | CUSIP: 922475108<br>LEI: 549300YZEXPDB92M2F02 | Long             | EC               | CORP              | US        |       931 | NS      | $277354.21    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs Group, Inc.                    | GOLDMAN SACHS GP  | CUSIP: 38141G104<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | EC               | CORP              | US        |      2272 | NS      | $1809307.20   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Nike, Inc.                                   | NIKE INC -CL B    | CUSIP: 654106103<br>LEI: 787RXPR0UX0O0XUXPZ81 | Long             | EC               | CORP              | US        |      7514 | NS      | $523951.22    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| PPG Industries, Inc.                         | PPG INDS INC      | CUSIP: 693506107<br>LEI: 549300BKPEP01R3V6C59 | Long             | EC               | CORP              | US        |      1628 | NS      | $171119.08    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Eaton Corporation PLC                        | EATON CORP PLC    | CUSIP: G29183103<br>LEI: 549300VDIGTMXUNT7H71 | Long             | EC               | CORP              | IE        |      2884 | NS      | $1079337.00   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| International Paper Co.                      | INTL PAPER CO     | CUSIP: 460146103<br>LEI: 824LMFJDH41EY779Q875 | Long             | EC               | CORP              | US        |      1979 | NS      | $91825.60     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Brown & Brown Inc                            | BROWN & BROWN     | CUSIP: 115236101<br>LEI: 549300PC8KTJ71XKFY89 | Long             | EC               | CORP              | US        |      1582 | NS      | $148375.78    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Valero Energy Corp.                          | VALERO ENERGY     | CUSIP: 91913Y100<br>LEI: 549300XTO5VR8SKV1V74 | Long             | EC               | CORP              | US        |      2191 | NS      | $373039.66    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| The Procter & Gamble Co.                     | PROCTER & GAMBLE  | CUSIP: 742718109<br>LEI: 2572IBTT8CCZW6AU4141 | Long             | EC               | CORP              | US        |     18247 | NS      | $2803651.55   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Oneok Inc.                                   | ONEOK INC         | CUSIP: 682680103<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | EC               | CORP              | US        |      4346 | NS      | $317127.62    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Equifax Inc.                                 | EQUIFAX INC       | CUSIP: 294429105<br>LEI: 5493004MCF8JDC86VS77 | Long             | EC               | CORP              | US        |       815 | NS      | $209071.95    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| IDEXX Laboratories Inc.                      | IDEXX LABS        | CUSIP: 45168D104<br>LEI: OGMTXK0LUU1HKV2P0J84 | Long             | EC               | CORP              | US        |       448 | NS      | $286222.72    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Linde PLC                                    | LINDE PLC         | CUSIP: G54950103<br>LEI: 5299003QR1WT0EF88V51 | Long             | EC               | CORP              | IE        |      3630 | NS      | $1724250.00   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Dollar General Corporation                   | DOLLAR GENERAL C  | CUSIP: 256677105<br>LEI: OPX52SQVOZI8IVSWYU66 | Long             | EC               | CORP              | US        |      1446 | NS      | $149444.10    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| First Solar Inc                              | FIRST SOLAR INC   | CUSIP: 336433107<br>LEI: 549300NPYMLM4NHTOF27 | Long             | EC               | CORP              | US        |       663 | NS      | $146211.39    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Chubb Ltd.                                   | CHUBB LTD         | CUSIP: H1467J104<br>LEI: E0JAN6VLUDI1HITHT809 | Long             | EC               | CORP              | CH        |      3060 | NS      | $863685.00    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| QUALCOMM Inc.                                | QUALCOMM INC      | CUSIP: 747525103<br>LEI: H1J8DDZKZP6H7RWC0H53 | Long             | EC               | CORP              | US        |      8523 | NS      | $1417886.28   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Verisk Analytics, Inc.                       | VERISK ANALYTI    | CUSIP: 92345Y106<br>LEI: 549300I1YSWNIRKBWP67 | Long             | EC               | CORP              | US        |       856 | NS      | $215292.56    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| NVR Inc                                      | NVR INC           | CUSIP: 62944T105<br>LEI: 529900RWXR4JI3JYTV70 | Long             | EC               | CORP              | US        |        17 | NS      | $136589.22    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| International Business Machines Corp.        | IBM               | CUSIP: 459200101<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | EC               | CORP              | US        |      6630 | NS      | $1870720.80   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Regeneron Pharmaceuticals, Inc.              | REGENERON PHARM   | CUSIP: 75886F107<br>LEI: 549300RCBFWIRX3HYQ56 | Long             | EC               | CORP              | US        |       724 | NS      | $407083.48    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Weyerhaeuser Company                         | WEYERHAEUSER CO   | CUSIP: 962166104<br>LEI: 08IRJODWFYBI7QWRGS31 | Long             | EC               | CORP              | US        |      5134 | NS      | $127271.86    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| LyondellBasell Industries NV                 | LYONDELLBASELL-A  | CUSIP: N53745100<br>LEI: BN6WCCZ8OVP3ITUUVN49 | Long             | EC               | CORP              | NL        |      1553 | NS      | $76159.12     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Southwest Airlines Co.                       | SOUTHWEST AIR     | CUSIP: 844741108<br>LEI: UDTZ87G0STFETI6HGH41 | Long             | EC               | CORP              | US        |      2859 | NS      | $91230.69     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Mckesson Corp.                               | MCKESSON CORP     | CUSIP: 58155Q103<br>LEI: 549300WZWOM80UCFSF54 | Long             | EC               | CORP              | US        |       882 | NS      | $681380.28    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Uber Technologies Inc                        | UBER TECHNOLOGIE  | CUSIP: 90353T100<br>LEI: 549300B2FTG34FILDR98 | Long             | EC               | CORP              | US        |     15017 | NS      | $1471215.49   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| SBA Communications Corp.                     | SBA COMM CORP     | CUSIP: 78410G104<br>LEI: 5299001HX8ZN8Y8QIT49 | Long             | EC               | CORP              | US        |       750 | NS      | $145012.50    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase & Co.                         | JPMORGAN CHASE    | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |     20675 | NS      | $6521515.25   | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Centerpoint Energy Inc                       | CENTERPOINT ENER  | CUSIP: 15189T107<br>LEI: 21TPXMRRHFKOBHDC8J74 | Long             | EC               | CORP              | US        |      4673 | NS      | $181312.40    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Agilent Technologies Inc.                    | AGILENT TECH INC  | CUSIP: 00846U101<br>LEI: QUIX8Y7A2WP0XRMW7G29 | Long             | EC               | CORP              | US        |      2030 | NS      | $260550.50    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                               | MORGAN STANLEY    | CUSIP: 617446448<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EC               | CORP              | US        |      9114 | NS      | $1448761.44   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Digital Realty Trust Inc.                    | DIGITAL REALTY    | CUSIP: 253868103<br>LEI: 549300HKCZ31D08NEI41 | Long             | EC               | CORP              | US        |      2124 | NS      | $367197.12    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Kenvue Inc.                                  | KENVUE INC        | CUSIP: 49177J102<br>LEI: 5493008HSF8L4M2LIJ82 | Long             | EC               | CORP              | US        |     12957 | NS      | $210292.11    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Constellation Energy Corp.                   | CONSTELLATION EN  | CUSIP: 21037T109<br>LEI: 549300F8Y20RYGNGV346 | Long             | EC               | CORP              | US        |      1802 | NS      | $592984.14    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Deckers Outdoor Corp.                        | DECKERS OUTDOOR   | CUSIP: 243537107<br>LEI: 5493008LG4W3I6K8J118 | Long             | EC               | CORP              | US        |      1049 | NS      | $106337.13    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Kellanova                                    | KELLANOVA         | CUSIP: 487836108<br>LEI: LONOZNOJYIBXOHXWDB86 | Long             | EC               | CORP              | US        |      1615 | NS      | $132462.30    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Capital One Financial Corp.                  | CAPITAL ONE FINA  | CUSIP: 14040H105<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | EC               | CORP              | US        |      4224 | NS      | $897937.92    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Molina Healthcare, Inc.                      | MOLINA HEALTHCAR  | CUSIP: 60855R100<br>LEI: 549300NQQCEQ46YHZ591 | Long             | EC               | CORP              | US        |       407 | NS      | $77883.52     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| EQT Corporation                              | EQT CORP          | CUSIP: 26884L109<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | EC               | CORP              | US        |      3324 | NS      | $180925.32    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Datadog Inc                                  | DATADOG INC-A     | CUSIP: 23804L103<br>LEI: 549300F6JNO0KRPO1K63 | Long             | EC               | CORP              | US        |      2032 | NS      | $289356.80    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| CME Group Inc.                               | CME GROUP INC     | CUSIP: 12572Q105<br>LEI: LCZ7XYGSLJUHFXXNXD88 | Long             | EC               | CORP              | US        |      2677 | NS      | $723298.63    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Cintas Corporation                           | CINTAS CORP       | CUSIP: 172908105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2262 | NS      | $464298.12    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Fiserv Inc.                                  | FISERV INC        | CUSIP: 337738108<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | EC               | CORP              | US        |      4386 | NS      | $565486.98    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Exelon Corp.                                 | EXELON CORP       | CUSIP: 30161N101<br>LEI: 3SOUA6IRML7435B56G12 | Long             | EC               | CORP              | US        |      6858 | NS      | $308678.58    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| McDonald's Corp.                             | MCDONALDS CORP    | CUSIP: 580135101<br>LEI: UE2136O97NLB5BYP9H04 | Long             | EC               | CORP              | US        |      5525 | NS      | $1678992.25   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Snowflake Inc                                | SNOWFLAKE INC     | CUSIP: 833445109<br>LEI: 254900CJNSY1K7T53Z16 | Long             | EC               | CORP              | US        |      2031 | NS      | $458092.05    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Fortinet Inc                                 | FORTINET INC      | CUSIP: 34959E109<br>LEI: 549300O0QJWDBAS0QX03 | Long             | EC               | CORP              | US        |      4568 | NS      | $384077.44    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| T-Mobile US Inc                              | T-MOBILE US INC   | CUSIP: 872590104<br>LEI: 549300QHIJYOHPACPG31 | Long             | EC               | CORP              | US        |      3570 | NS      | $854586.60    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Best Buy Co Inc.                             | BEST BUY CO INC   | CUSIP: 086516101<br>LEI: HL5XPTVRV0O8TUN5LL90 | Long             | EC               | CORP              | US        |      1272 | NS      | $96188.64     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-10-28

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

**Signature:** Rich Gleason

**Name of Signer:** Rich Gleason

**Title:** Treasurer