# EDGAR Filing Document

**Accession Number:** 0001635073
**File Stem:** 0001635073-25-000036
**Filing Date:** 2025-9
**Character Count:** 271288
**Document Hash:** 7c1ff563d649ad967d65d55ba29d3522
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001635073-25-000036.hdr.sgml**: 20250926

**ACCESSION NUMBER**: 0001635073-25-000036

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250731

**FILED AS OF DATE**: 20250926

**DATE AS OF CHANGE**: 20250926

**PERIOD START**: 20251031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Nushares ETF Trust
- **CENTRAL INDEX KEY:** 0001635073

**ORGANIZATION NAME:**
- **EIN:** 000000000

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23161
- **FILM NUMBER:** 251346143

**BUSINESS ADDRESS:**
- **STREET 1:** 333 W. WACKER DR.
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60606
- **BUSINESS PHONE:** 312-917-8146

**MAIL ADDRESS:**
- **STREET 1:** 333 W. WACKER DR.
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60606

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** NuShares ETF Trust
- **DATE OF NAME CHANGE:** 20160614

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Nuveen ETF Trust
- **DATE OF NAME CHANGE:** 20150226

## Series and Classes Contracts Data

### Nuveen ESG Small-Cap ETF (Series ID: S000055815)

| Class ID   | Class Name               | Ticker Symbol   |
|:---|:---|:---|
| C000175727 | Nuveen ESG Small-Cap ETF | NUSC            |

## Nport-Ex

Portfolio

of

Investments

July

31,

2025

NUDV

(Unaudited)

SHARES

DESCRIPTION

VALUE

LONG-TERM

INVESTMENTS

-

99.8%

COMMON

STOCKS

-

99.8%

COMMUNICATION

SERVICES

-

3.6%

13,227

Comcast

Corp,

Class

A

$

439,533

15,597

Verizon

Communications

Inc

666,928

TOTAL

COMMUNICATION

SERVICES

1,106,461

CONSUMER

DISCRETIONARY

-

6.3%

833

Genuine

Parts

Co

107,357

1,599

Home

Depot

Inc/The

587,648

1,471

LKQ

Corp

43,350

1,452

Lowe's

Cos

Inc

324,624

2,368

McDonald's

Corp

710,566

3,203

Tractor

Supply

Co

182,411

TOTAL

CONSUMER

DISCRETIONARY

1,955,956

CONSUMER

STAPLES

-

11.1%

2,918

Archer-Daniels-Midland

Co

158,097

845

Bunge

Global

SA

67,397

12,000

Coca-Cola

Co/The

814,680

2,853

Conagra

Brands

Inc

52,096

1,204

General

Mills

Inc

58,972

638

J

M

Smucker

Co/The

68,483

1,666

Kellanova

132,997

11,499

Kenvue

Inc

246,538

1,390

Kimberly-Clark

Corp

173,222

11,721

Kraft

Heinz

Co/The

321,859

1,515

McCormick

&

Co

Inc/MD

107,004

6,115

Procter

&

Gamble

Co/The

920,124

2,748

Target

Corp

276,174

1,142

The

Campbell's

Company

36,453

TOTAL

CONSUMER

STAPLES

3,434,096

ENERGY

-

4.2%

12,024

Baker

Hughes

Co

541,681

13,854

Halliburton

Co

310,330

5,657

ONEOK

Inc

464,496

TOTAL

ENERGY

1,316,507

FINANCIALS

-

23.5%

3,165

Aflac

Inc

314,474

1,475

Allstate

Corp/The

299,794

3,367

Annaly

Capital

Management

Inc

68,451

17,672

Bank

of

America

Corp

835,355

5,476

Bank

of

New

York

Mellon

Corp/The

555,540

8,159

Citigroup

Inc

764,498

1,887

Equitable

Holdings

Inc

96,897

5,696

Fidelity

National

Information

Services

Inc

452,319

790

Goldman

Sachs

Group

Inc/The

571,636

1,113

Jack

Henry

&

Associates

Inc

189,004

2,049

Marsh

&

McLennan

Cos

Inc

408,161

4,306

Morgan

Stanley

613,433

3,417

Nasdaq

Inc

328,784

2,291

PNC

Financial

Services

Group

Inc/The

435,909

2,134

Prudential

Financial

Inc

221,040

1,167

Raymond

James

Financial

Inc

195,041

State

Street

Corp

7,264

1,365

Travelers

Cos

Inc/The

355,228

3,707

Truist

Financial

Corp

162,033

9,372

US

Bancorp

421,365

TOTAL

FINANCIALS

7,296,226

HEALTH

CARE

-

12.2%

3,116

AbbVie

Inc

588,986

Amgen

Inc

28,920

8,904

Bristol-Myers

Squibb

Co

385,632

Portfolio

of

Investments

July

31,

2025

(continued)

NUDV

SHARES

DESCRIPTION

VALUE

HEALTH

CARE

(continued)

2,905

Cardinal

Health

Inc

$

450,914

812

Cigna

Group/The

217,113

1,194

Elevance

Health

Inc

337,998

4,581

Gilead

Sciences

Inc

514,400

587

Humana

Inc

146,674

6,603

Merck

&

Co

Inc

515,826

671

Quest

Diagnostics

Inc

112,332

2,277

Royalty

Pharma

PLC

83,794

2,706

Zoetis

Inc

394,508

TOTAL

HEALTH

CARE

3,777,097

INDUSTRIALS

-

15.5%

3,392

3M

Co

506,154

1,587

Automatic

Data

Processing

Inc

491,176

701

Broadridge

Financial

Solutions

Inc

173,504

1,429

Caterpillar

Inc

625,931

CH

Robinson

Worldwide

Inc

5,305

2,557

CSX

Corp

90,876

823

Cummins

Inc

302,551

1,152

Deere

&

Co

604,074

1,199

Ferguson

Enterprises

Inc

267,773

Hubbell

Inc

53,810

1,275

Illinois

Tool

Works

Inc

326,362

3,980

Johnson

Controls

International

plc

417,900

1,943

Paychex

Inc

280,433

677

Rockwell

Automation

Inc

238,108

1,971

Union

Pacific

Corp

437,503

TOTAL

INDUSTRIALS

4,821,460

INFORMATION

TECHNOLOGY

-

8.9%

2,224

Accenture

PLC,

Class

A

594,030

1,663

Analog

Devices

Inc

373,560

7,600

Hewlett

Packard

Enterprise

Co

157,244

2,946

International

Business

Machines

Corp

745,780

1,529

NXP

Semiconductors

NV

326,854

Seagate

Technology

Holdings

PLC

63,432

2,711

Texas

Instruments

Inc

490,854

TOTAL

INFORMATION

TECHNOLOGY

2,751,754

MATERIALS

-

3.2%

2,940

International

Flavors

&

Fragrances

Inc

208,828

2,990

International

Paper

Co

139,753

3,184

Newmont

Corp

197,726

1,392

PPG

Industries

Inc

146,856

Smurfit

WestRock

PLC

15,844

2,289

Steel

Dynamics

Inc

291,985

TOTAL

MATERIALS

1,000,992

REAL

ESTATE

-

5.4%

2,463

American

Tower

Corp

513,265

Equinix

Inc

385,518

1,760

Iron

Mountain

Inc

171,354

3,622

Welltower

Inc

597,883

TOTAL

REAL

ESTATE

1,668,020

UTILITIES

-

5.9%

2,543

Atmos

Energy

Corp

396,505

4,193

Essential

Utilities

Inc

154,302

4,541

Eversource

Energy

300,160

10,445

Exelon

Corp

469,398

Part

F

of

Form

N-PORT

was

prepared

in

accordance

with

U.S.

generally

accepted

accounting

principles

("U.S.

GAAP")

and

in

conformity

with

the

applicable

rules

and

regulations

of

the

U.S.

Securities

and

Exchange

Commission

("SEC")

related

to

interim

filings.

Part

F

of

Form

N-PORT

does

not

include

all

information

and

footnotes

required

by

U.S.

GAAP

for

complete

financial

statements.

Certain

footnote

disclosures

normally

included

in

financial

statements

prepared

in

accordance

with

U.S.

GAAP

have

been

condensed

or

omitted

from

this

report

pursuant

to

the

rules

of

the

SEC.

For

a

full

set

of

the

Fund's

notes

to

financial

statements,

please

refer

to

the

Fund's

most

recently

filed

annual

or

semi-annual

report.

Fair

Value

Measurements

The

Fund's

investments

in

securities

are

recorded

at

their

estimated

fair

value

utilizing

valuation

methods

approved

by

the

Board

of

Directors/

Trustees.

Fair

value

is

defined

as

the

price

that

would

be

received

upon

selling

an

investment

or

transferring

a

liability

in

an

orderly

transaction

to

an

independent

buyer

in

the

principal

or

most

advantageous

market

for

the

investment.

U.S.

GAAP

establishes

the

three-tier

hierarchy

which

is

used

to

maximize

the

use

of

observable

market

data

and

minimize

the

use

of

unobservable

inputs

and

to

establish

classification

of

fair

value

measurements

for

disclosure

purposes.

Observable

inputs

reflect

the

assumptions

market

participants

would

use

in

pricing

the

asset

or

liability.

Observable

inputs

are

based

on

market

data

obtained

from

sources

independent

of

the

reporting

entity.

Unobservable

inputs

reflect

management's

assumptions

about

the

assumptions

market

participants

would

use

in

pricing

the

asset

or

liability.

Unobservable

inputs

are

based

on

the

best

information

available

in

the

circumstances.

The

following

is

a

summary

of

the

three-tiered

hierarchy

of

valuation

input

levels.

Level

–

Inputs

are

unadjusted

and

prices

are

determined

using

quoted

prices

in

active

markets

for

identical

securities.

Level

–

Prices

are

determined

using

other

significant

observable

inputs

(including

quoted

prices

for

similar

securities,

interest

rates,

credit

spreads,

etc.).

Level

–

Prices

are

determined

using

significant

unobservable

inputs

(including

management's

assumptions

in

determining

the

fair

value

of

investments).

The

following

table

summarizes

the

market

value

of

the

Fund's

investments

as

of

the

end

of

the

reporting

period,

based

on

the

inputs

used

to

value

them:

SHARES

DESCRIPTION

VALUE

UTILITIES

(continued)

6,038

Sempra

$

493,184

TOTAL

UTILITIES

1,813,549

TOTAL

COMMON

STOCKS

(Cost

$29,745,180)

30,942,118

TOTAL

LONG-TERM

INVESTMENTS

(Cost

$29,745,180)

30,942,118

OTHER

ASSETS

&

LIABILITIES,

NET

-

0.2%

72,993

NET

ASSETS

-

100%

$

31,015,111

NUDV

Level

Level

Level

Total

Long-Term

Investments:

Common

Stocks

$

30,942,118

$

–

$

–

$

30,942,118

Total

$

30,942,118

$

–

$

–

$

30,942,118

a

Portfolio

of

Investments

July

31,

2025

NUEM

(Unaudited)

SHARES

DESCRIPTION

VALUE

LONG-TERM

INVESTMENTS

-

99.8%

COMMON

STOCKS

-

99.8%

COMMUNICATION

SERVICES

-

12.0%

22,300

Autohome

Inc,

ADR

$

604,107

171,960

Bharti

Airtel

Ltd

3,757,851

79,764

(a) Bilibili

Inc

1,823,903

18,009

CD

Projekt

SA

1,211,532

121,360

Info

Edge

India

Ltd

1,928,904

35,000

International

Games

System

Co

Ltd

921,685

4,426

(a),(b)

Krafton

Inc

1,048,414

651,386

(a),(b)

Kuaishou

Technology

6,389,391

668,675

Mobile

Telecommunications

Co

KSCP

1,162,533

31,730

NAVER

Corp

5,376,803

207,163

NetEase

Inc

5,394,155

272,690

Ooredoo

QPSC

1,008,077

195,279

Saudi

Telecom

Co

2,188,566

279,200

Telefonica

Brasil

SA

1,569,909

4,943,802

Telkom

Indonesia

Persero

Tbk

PT

865,278

89,700

Tencent

Music

Entertainment

Group,

ADR

1,882,803

TOTAL

COMMUNICATION

SERVICES

37,133,911

CONSUMER

DISCRETIONARY

-

13.3%

51,043

(a),(b)

Allegro.eu

SA

505,987

101,968

ANTA

Sports

Products

Ltd

1,169,060

314,175

BYD

Co

Ltd

4,618,573

10,960

BYD

Co

Ltd,

Class

A

159,972

40,083

China

Tourism

Group

Duty

Free

Corp

Ltd,

Class

A

361,126

16,085

Coway

Co

Ltd

1,263,092

44,612

Eicher

Motors

Ltd

2,784,980

131,146

Empresas

Copec

SA

862,492

(a),(c)

FF

Group

145,054,940

(a) GoTo

Gojek

Tokopedia

Tbk

PT

572,991

55,131

Haier

Smart

Home

Co

Ltd

173,470

17,343

Hero

MotoCorp

Ltd

843,543

234,792

JD.com

Inc,

Class

A

3,675,916

36,227

LG

Electronics

Inc

2,021,899

LPP

SA

98,334

131,580

Mahindra

&

Mahindra

Ltd

4,811,300

312,870

(a),(b)

Meituan,

Class

B

4,846,496

12,362

Naspers

Ltd

3,859,460

64,602

(b) Pop

Mart

International

Group

Ltd

2,024,470

33,600

Seres

Group

Co

Ltd,

Class

A

591,409

43,459

Trent

Ltd

2,489,502

21,948

Trip.com

Group

Ltd

1,375,594

57,866

TVS

Motor

Co

Ltd

1,850,814

TOTAL

CONSUMER

DISCRETIONARY

40,960,485

CONSUMER

STAPLES

-

4.1%

171,900

BRF

SA

615,623

126,724

Cencosud

SA

379,235

208,700

CP

ALL

PCL

301,746

102,642

Hindustan

Unilever

Ltd

2,954,163

13,420

(a),(b)

JD

Health

International

Inc

85,991

292,508

(b) Nongfu

Spring

Co

Ltd

1,693,565

60,672

Raia

Drogasil

SA

145,976

52,422

Tata

Consumer

Products

Ltd

642,238

396,332

Varun

Beverages

Ltd

2,364,453

1,135,061

Wal-Mart

de

Mexico

SAB

de

CV

3,352,404

TOTAL

CONSUMER

STAPLES

12,535,394

ENERGY

-

1.7%

72,900

COSCO

SHIPPING

Energy

Transportation

Co

Ltd,

Class

A

101,815

10,629

HD

Hyundai

Co

Ltd

1,092,944

101,400

Petronas

Dagangan

Bhd

513,063

SHARES

DESCRIPTION

VALUE

ENERGY

(continued)

203,146

Qatar

Fuel

QSC

$

848,069

15,403

S-Oil

Corp

696,400

328,076

Turkiye

Petrol

Rafinerileri

AS

1,365,064

247,272

Ultrapar

Participacoes

SA

758,350

TOTAL

ENERGY

5,375,705

FINANCIALS

-

24.5%

72,079

Abu

Dhabi

Islamic

Bank

PJSC

474,103

6,498,097

Agricultural

Bank

of

China

Ltd

4,263,083

173,564

Agricultural

Bank

of

China

Ltd,

Class

A

151,654

51,230

Akbank

TAS

85,188

1,477,274

B3

SA

-

Brasil

Bolsa

Balcao

3,319,450

57,050

Bajaj

Finance

Ltd

573,895

8,380,434

Bank

of

China

Ltd

4,846,773

9,649

Capitec

Bank

Holdings

Ltd

1,884,747

119,010

Cathay

Financial

Holding

Co

Ltd

242,825

7,156,709

China

Construction

Bank

Corp

7,339,045

134,498

China

Construction

Bank

Corp,

Class

A

175,533

706,378

China

Merchants

Bank

Co

Ltd

4,589,207

43,438

China

Merchants

Bank

Co

Ltd,

Class

A

267,971

196,120

CITIC

Securities

Co

Ltd

689,543

249,100

CITIC

Securities

Co

Ltd,

Class

A

1,002,591

256,497

Commercial

International

Bank

-

Egypt

(CIB)

496,940

4,399

Credicorp

Ltd

1,042,563

3,136,652

CTBC

Financial

Holding

Co

Ltd

4,334,932

425,730

FirstRand

Ltd

1,823,699

1,616,272

Fubon

Financial

Holding

Co

Ltd

4,462,044

47,749

Grupo

Cibest

SA

525,051

45,100

Guotai

Haitong

Securities

Co

Ltd

126,977

312,851

HDFC

Bank

Ltd

7,207,818

7,190,248

Industrial

&

Commercial

Bank

of

China

Ltd

5,514,050

129,880

Industrial

&

Commercial

Bank

of

China

Ltd,

Class

A

136,181

427,004

Industrial

Bank

Co

Ltd,

Class

A

1,340,791

8,175

KakaoBank

Corp

165,646

145,600

Kasikornbank

PCL

721,762

36,696

KB

Financial

Group

Inc

2,934,516

10,171

Komercni

Banka

AS

487,122

5,050

(a) mBank

SA

1,201,776

2,970,836

People's

Insurance

Co

Group

of

China

Ltd/The

2,285,841

178,600

People's

Insurance

Co

Group

of

China

Ltd/The,

Class

A

202,622

266,420

PICC

Property

&

Casualty

Co

Ltd

553,882

787,169

Ping

An

Insurance

Group

Co

of

China

Ltd

5,409,907

105,527

Piraeus

Financial

Holdings

SA

817,683

78,584

(b) Postal

Savings

Bank

of

China

Co

Ltd

55,559

532,000

Postal

Savings

Bank

of

China

Co

Ltd,

Class

A

423,522

729,036

Public

Bank

Bhd

719,635

3,076

Santander

Bank

Polska

SA

452,585

25,717

Shinhan

Financial

Group

Co

Ltd

1,261,001

515,914

Union

Bank

of

India

Ltd

771,291

237,000

Yuanta

Financial

Holding

Co

Ltd

247,739

TOTAL

FINANCIALS

75,628,743

HEALTH

CARE

-

3.0%

58,500

Bangkok

Dusit

Medical

Services

PCL

38,129

2,074

(a) BeOne

Medicines

Ltd

47,927

20,333

Celltrion

Inc

2,622,983

74,557

Cipla

Ltd/India

1,323,150

9,701

Dr

Sulaiman

Al

Habib

Medical

Services

Group

Co

678,095

131,200

Jiangsu

Hengrui

Pharmaceuticals

Co

Ltd,

Class

A

1,144,556

690,768

Kalbe

Farma

Tbk

PT

60,030

24,700

Shenzhen

Mindray

Bio-Medical

Electronics

Co

Ltd,

Class

A

792,022

5,978

(b),(d)

WuXi

AppTec

Co

Ltd

80,494

19,900

WuXi

AppTec

Co

Ltd,

Class

A

265,703

241,254

(a),(b)

Wuxi

Biologics

Cayman

Inc

989,602

Portfolio

of

Investments

July

31,

2025

(continued)

NUEM

SHARES

DESCRIPTION

VALUE

HEALTH

CARE

(continued)

14,504

Yuhan

Corp

$

1,235,162

2,840

Zhangzhou

Pientzehuang

Pharmaceutical

Co

Ltd,

Class

A

78,380

TOTAL

HEALTH

CARE

9,356,233

INDUSTRIALS

-

9.3%

10,483

ABB

India

Ltd

659,385

1,486,448

Airports

of

Thailand

PCL

1,864,883

59,061

Contemporary

Amperex

Technology

Co

Ltd,

Class

A

2,167,585

15,446

(a) Doosan

Enerbility

Co

Ltd

730,644

118,800

Embraer

SA

1,711,588

49,000

Evergreen

Marine

Corp

Taiwan

Ltd

325,052

754,027

(a) GMR

Airports

Ltd

775,213

19,325

Grupo

Aeroportuario

del

Pacifico

SAB

de

CV,

Class

B

444,818

5,083

Havells

India

Ltd

87,074

2,472

HD

Hyundai

Electric

Co

Ltd

893,043

5,659

(a),(b)

InterGlobe

Aviation

Ltd

381,826

99,730

(a) Kanzhun

Ltd,

ADR

1,890,881

43,700

Kuang-Chi

Technologies

Co

Ltd,

Class

A

247,647

1,964,752

Latam

Airlines

Group

SA

42,683

23,040

LG

Corp

1,315,812

14,056

(a) LG

Energy

Solution

Ltd

3,876,853

5,109

LS

Electric

Co

Ltd

1,143,888

23,000

Metlen

Energy

&

Metals

SA

1,273,581

455,900

MISC

Bhd

797,424

244,963

Rumo

SA

723,703

98,472

SF

Holding

Co

Ltd,

Class

A

628,237

31,915

(a) SK

Square

Co

Ltd

3,500,340

51,566

SM

Investments

Corp

721,345

1,083,576

(a) Suzlon

Energy

Ltd

761,978

66,161

Turk

Hava

Yollari

AO

469,400

78,845

Voltas

Ltd

1,195,023

8,578

ZTO

Express

Cayman

Inc

165,987

TOTAL

INDUSTRIALS

28,795,893

INFORMATION

TECHNOLOGY

-

20.4%

988,898

Acer

Inc

1,065,184

113,000

Asia

Vital

Components

Co

Ltd

3,494,397

363,000

Delta

Electronics

Inc

6,895,753

209,499

HCL

Technologies

Ltd

3,510,593

66,545

Infosys

Ltd

1,146,322

2,754,397

Lenovo

Group

Ltd

3,550,892

242,364

Sunny

Optical

Technology

Group

Co

Ltd

2,258,462

951,124

Taiwan

Semiconductor

Manufacturing

Co

Ltd

36,964,699

80,500

TOTVS

SA

627,056

2,635,000

United

Microelectronics

Corp

3,668,121

TOTAL

INFORMATION

TECHNOLOGY

63,181,479

MATERIALS

-

7.1%

2,218,980

(a) Amman

Mineral

Internasional

PT

1,132,752

22,855

Anglogold

Ashanti

Plc

1,043,007

19,377

APL

Apollo

Tubes

Ltd

354,188

14,115

Asian

Paints

Ltd

386,089

1,719,335

Cemex

SAB

de

CV

1,503,967

1,390,640

Chandra

Asri

Pacific

Tbk

PT

783,846

454,358

Gerdau

SA

1,366,673

44,627

Gold

Fields

Ltd

1,087,880

21,989

Jindal

Stainless

Ltd

174,233

61,050

Klabin

SA

202,826

968

Korea

Zinc

Co

Ltd

558,408

3,509

PI

Industries

Ltd

170,281

51,961

Pidilite

Industries

Ltd

1,702,281

1,196,423

Press

Metal

Aluminium

Holdings

Bhd

1,497,983

27,363

SABIC

Agri-Nutrients

Co

869,523

297,642

(a) Saudi

Arabian

Mining

Co

4,126,092

Part

F

of

Form

N-PORT

was

prepared

in

accordance

with

U.S.

generally

accepted

accounting

principles

("U.S.

GAAP")

and

in

conformity

with

the

applicable

rules

and

regulations

of

the

U.S.

Securities

and

Exchange

Commission

("SEC")

related

to

interim

filings.

Part

F

of

Form

N-PORT

does

not

include

all

information

and

footnotes

required

by

U.S.

GAAP

for

complete

financial

statements.

Certain

footnote

disclosures

normally

included

in

financial

statements

prepared

in

accordance

with

U.S.

GAAP

have

been

condensed

or

omitted

from

this

report

pursuant

to

the

rules

of

the

SEC.

For

a

full

set

of

the

Fund's

notes

to

financial

statements,

please

refer

to

the

Fund's

most

recently

filed

annual

or

semi-annual

report.

Fair

Value

Measurements

The

Fund's

investments

in

securities

are

recorded

at

their

estimated

fair

value

utilizing

valuation

methods

approved

by

the

Board

of

Directors/

Trustees.

Fair

value

is

defined

as

the

price

that

would

be

received

upon

selling

an

investment

or

transferring

a

liability

in

an

orderly

transaction

to

an

independent

buyer

in

the

principal

or

most

advantageous

market

for

the

investment.

U.S.

GAAP

establishes

the

three-tier

hierarchy

which

is

used

to

SHARES

DESCRIPTION

VALUE

MATERIALS

(continued)

211,902

Saudi

Basic

Industries

Corp

$

3,087,213

6,532

SKC

Co

Ltd

476,665

17,006

Supreme

Industries

Ltd

836,121

8,944

Valterra

Platinum

Ltd

406,342

22,900

Zangge

Mining

Co

Ltd,

Class

A

145,940

TOTAL

MATERIALS

21,912,310

REAL

ESTATE

-

2.1%

991,776

Emaar

Properties

PJSC

4,117,662

102,433

(b) Lodha

Developers

Ltd

1,440,163

43,271

Oberoi

Realty

Ltd

805,217

TOTAL

REAL

ESTATE

6,363,042

UTILITIES

-

2.3%

369,200

China

Yangtze

Power

Co

Ltd,

Class

A

1,425,554

34,900

Engie

Brasil

Energia

SA

248,914

243,798

ENN

Energy

Holdings

Ltd

1,989,205

82,530

Manila

Electric

Co

759,758

670,681

Power

Grid

Corp

of

India

Ltd

2,227,979

169,852

Tenaga

Nasional

Bhd

518,517

TOTAL

UTILITIES

7,169,927

TOTAL

COMMON

STOCKS

(Cost

$236,136,656)

308,413,122

TOTAL

LONG-TERM

INVESTMENTS

(Cost

$236,136,656)

308,413,122

SHARES

DESCRIPTION

RATE

VALUE

INVESTMENTS

PURCHASED

WITH

COLLATERAL

FROM

SECURITIES

LENDING

-

0.0%

48,073

(e) State

Street

Navigator

Securities

Lending

Government

Money

Market

Portfolio

4.320 %

(f) $

48,073

TOTAL

INVESTMENTS

PURCHASED

WITH

COLLATERAL

FROM

SECURITIES

LENDING

(Cost

$48,073)

48,073

TOTAL

INVESTMENTS

-

99.8%

(Cost

$236,184,729)

308,461,195

OTHER

ASSETS

&

LIABILITIES,

NET

-

0.2%

743,525

NET

ASSETS

-

100%

$

309,204,720

ADR

American

Depositary

Receipt

(a) Non-income

producing;

issuer

has

not

declared

an

ex-dividend

date

within

the

past

twelve

months.

(b) Security

is

exempt

from

registration

under

Rule

144A

of

the

Securities

Act

of

1933,

as

amended.

These

securities

are

deemed

liquid

and

may

be

resold

in

transactions

exempt

from

registration,

which

are

normally

those

transactions

with

qualified

institutional

buyers.

As

of

the

end

of

the

reporting

period,

the

aggregate

value

of

these

securities

is

$19,541,960

or

6.3%

of

Total

Investments.

(c) For

fair

value

measurement

disclosure

purposes,

investment

classified

as

Level

3. (d) Investment,

or

a

portion

of

investment,

is

out

on

loan

for

securities

lending.

The

total

value

of

the

securities

out

on

loan

as

of

the

end

of

the

reporting

period

was

$43,021.

(e) The

Fund

may

loan

securities

representing

up

to

one

third

of

the

value

of

its

total

assets

(which

includes

collateral

for

securities

on

loan)

to

broker

dealers,

banks,

and

other

institutions.

The

collateral

maintained

by

the

Fund

shall

have

a

value,

at

the

inception

of

each

loan,

equal

to

not

less

than

100%

of

the

value

of

the

loaned

securities.

The

cash

collateral

received

by

the

Fund

is

invested

in

this

money

market

fund.

(f) The

rate

shown

is

the

one-day

yield

as

of

the

end

of

the

reporting

period.

Portfolio

of

Investments

July

31,

2025

(continued)

NUEM

maximize

the

use

of

observable

market

data

and

minimize

the

use

of

unobservable

inputs

and

to

establish

classification

of

fair

value

measurements

for

disclosure

purposes.

Observable

inputs

reflect

the

assumptions

market

participants

would

use

in

pricing

the

asset

or

liability.

Observable

inputs

are

based

on

market

data

obtained

from

sources

independent

of

the

reporting

entity.

Unobservable

inputs

reflect

management's

assumptions

about

the

assumptions

market

participants

would

use

in

pricing

the

asset

or

liability.

Unobservable

inputs

are

based

on

the

best

information

available

in

the

circumstances.

The

following

is

a

summary

of

the

three-tiered

hierarchy

of

valuation

input

levels.

Level

–

Inputs

are

unadjusted

and

prices

are

determined

using

quoted

prices

in

active

markets

for

identical

securities.

Level

–

Prices

are

determined

using

other

significant

observable

inputs

(including

quoted

prices

for

similar

securities,

interest

rates,

credit

spreads,

etc.).

Level

–

Prices

are

determined

using

significant

unobservable

inputs

(including

management's

assumptions

in

determining

the

fair

value

of

investments).

The

following

table

summarizes

the

market

value

of

the

Fund's

investments

as

of

the

end

of

the

reporting

period,

based

on

the

inputs

used

to

value

them:

NUEM

Level

Level

Level

Total

Long-Term

Investments:

Common

Stocks

$

305,486,597

$

2,926,520

$

$

308,413,122

Investments

Purchased

with

Collateral

from

Securities

Lending

48,073

–

–

48,073

Total

$

305,534,670

$

2,926,520

$

$

308,461,195

a

Portfolio

of

Investments

July

31,

2025

NUDM

(Unaudited)

SHARES

DESCRIPTION

VALUE

LONG-TERM

INVESTMENTS

-

99.6%

COMMON

STOCKS

-

99.6%

COMMUNICATION

SERVICES

-

6.0%

11,027

CAR

Group

Ltd

$

271,067

1,138,499

HKT

Trust

&

HKT

Ltd

1,792,592

6,400

Nintendo

Co

Ltd

539,659

32,284

Publicis

Groupe

SA

2,963,428

6,782

REA

Group

Ltd

1,045,709

1,464,937

SoftBank

Corp

2,127,880

159,305

SoftBank

Group

Corp

12,501,359

184,198

Telenor

ASA

2,839,886

69,639

Telstra

Group

Ltd

222,840

39,187

Universal

Music

Group

NV

1,138,325

5,983,908

Vodafone

Group

PLC

6,494,986

324,741

WPP

PLC

1,761,954

TOTAL

COMMUNICATION

SERVICES

33,699,685

CONSUMER

DISCRETIONARY

-

10.6%

59,926

Amadeus

IT

Group

SA

4,829,965

4,200

Bandai

Namco

Holdings

Inc

136,972

169,714

Bridgestone

Corp

6,913,961

192,590

Cie

Generale

des

Etablissements

Michelin

SCA

6,890,574

6,452

D'ieteren

Group

1,283,444

653

Hermes

International

SCA

1,607,631

8,385

Industria

de

Diseno

Textil

SA

402,210

123,600

Isuzu

Motors

Ltd

1,599,462

16,107

Kering

SA

3,991,216

276,312

Oriental

Land

Co

Ltd/Japan

5,719,206

691,947

Panasonic

Holdings

Corp

6,623,141

78,323

Prosus

NV

4,503,723

29,800

Sanrio

Co

Ltd

1,232,236

33,400

Sekisui

House

Ltd

707,305

447,722

Sony

Group

Corp

10,953,935

276,900

Yamaha

Motor

Co

Ltd

2,011,961

TOTAL

CONSUMER

DISCRETIONARY

59,406,942

CONSUMER

STAPLES

-

9.4%

241,688

Ajinomoto

Co

Inc

6,431,845

97,970

Associated

British

Foods

PLC

2,849,669

1,082

Barry

Callebaut

AG

1,327,767

21,948

Coca-Cola

Europacific

Partners

PLC

2,127,200

56,771

Coca-Cola

HBC

AG

2,964,539

100,432

Danone

SA

8,262,527

31,099

Henkel

AG

&

Co

KGaA

2,217,518

17,490

Kerry

Group

PLC,

Class

A

1,624,467

87,504

Mowi

ASA

1,644,932

54,225

Reckitt

Benckiser

Group

PLC

4,070,140

1,155,447

Tesco

PLC

6,504,607

183,997

Unilever

PLC

10,733,118

578,024

Wilmar

International

Ltd

1,314,349

31,099

Woolworths

Group

Ltd

630,926

TOTAL

CONSUMER

STAPLES

52,703,604

ENERGY

-

0.4%

127,567

Neste

Oyj

2,019,995

TOTAL

ENERGY

2,019,995

FINANCIALS

-

25.9%

156,701

3i

Group

PLC

8,607,917

29,100

Allianz

SE

11,563,929

199,514

AXA

SA

9,746,091

1,162,715

Banco

Santander

SA

10,028,751

8,999

Banque

Cantonale

Vaudoise

1,044,463

269,980

Credit

Agricole

SA

4,990,417

189,925

Deutsche

Bank

AG

6,300,690

Portfolio

of

Investments

July

31,

2025

(continued)

NUDM

SHARES

DESCRIPTION

VALUE

FINANCIALS

(continued)

268,786

DNB

Bank

ASA

$

6,849,265

12,133

Eurazeo

SE

717,251

208,242

Generali

7,798,558

113,546

Hong

Kong

Exchanges

&

Clearing

Ltd

6,176,324

422,335

Insurance

Australia

Group

Ltd

2,384,737

1,693,566

Intesa

Sanpaolo

SpA

10,263,625

27,048

KBC

Group

NV

2,840,673

5,219,459

Lloyds

Banking

Group

PLC

5,373,765

8,045

London

Stock

Exchange

Group

PLC

985,849

78,137

Mediobanca

Banca

di

Credito

Finanziario

SpA

1,729,601

282,963

Mizuho

Financial

Group

Inc

8,427,125

165,250

Sompo

Holdings

Inc

4,910,449

162,700

Sumitomo

Mitsui

Financial

Group

Inc

4,167,637

144,635

Suncorp

Group

Ltd

1,951,859

436,781

Svenska

Handelsbanken

AB

5,356,942

234,743

Swedbank

AB

6,279,985

60,443

Tokio

Marine

Holdings

Inc

2,459,570

204,201

UBS

Group

AG

7,654,551

9,019

Zurich

Insurance

Group

AG

6,181,855

TOTAL

FINANCIALS

144,791,879

HEALTH

CARE

-

10.1%

1,219

(a) Argenx

SE

829,307

285,023

Astellas

Pharma

Inc

2,989,527

121,700

Chugai

Pharmaceutical

Co

Ltd

5,951,772

34,740

CSL

Ltd

6,059,302

148,753

Daiichi

Sankyo

Co

Ltd

3,676,940

30,025

EssilorLuxottica

SA

8,955,506

14,352

Eurofins

Scientific

SE

1,105,832

Lonza

Group

AG

321,202

32,058

Merck

KGaA

4,047,106

3,701

(a),(b)

NMC

Health

PLC

–

118,294

Novartis

AG

13,720,968

134,774

Novo

Nordisk

A/S,

Class

B

6,501,135

1,116,989

Sigma

Healthcare

Ltd

2,078,407

TOTAL

HEALTH

CARE

56,237,004

INDUSTRIALS

-

20.5%

166,492

ABB

Ltd

10,973,034

6,029

ACS

Actividades

de

Construccion

y

Servicios

SA

416,770

55,123

AerCap

Holdings

NV

5,911,942

68,686

Alstom

SA

1,622,597

57,094

Bouygues

SA

2,362,281

411,308

Brambles

Ltd

6,331,849

98,175

Bunzl

PLC

2,928,386

158,076

Computershare

Ltd

4,289,902

34,030

Dai

Nippon

Printing

Co

Ltd

526,974

29,623

DCC

PLC

1,865,991

20,636

Eiffage

SA

2,778,754

2,570

Ferrovial

SE

132,072

711,744

(a) Grab

Holdings

Ltd

3,480,428

44,200

IHI

Corp

4,988,451

436,151

Keppel

Ltd

2,847,496

1,689

Knorr-

Bremse

AG

169,826

142,411

Komatsu

Ltd

4,603,671

11,971

Kone

Oyj

,

Class

B

739,050

12,342

Kuehne

+

Nagel

International

AG

2,526,763

395,024

Mitsubishi

Electric

Corp

8,772,187

465,894

MTR

Corp

Ltd

1,676,625

57,400

Recruit

Holdings

Co

Ltd

3,452,505

109,235

RELX

PLC

5,689,714

24,075

Schneider

Electric

SE

6,289,408

30,440

SGS

SA

3,103,789

50,225

Siemens

AG

12,928,320

SHARES

DESCRIPTION

VALUE

INDUSTRIALS

(continued)

100,426

Smiths

Group

PLC

$

3,125,770

107,259

Swire

Pacific

Ltd

970,796

429,776

Transurban

Group

3,824,142

5,185

(c) VAT

Group

AG

1,835,709

153,768

Vestas

Wind

Systems

A/S

2,830,151

21,755

Wartsila

OYJ

Abp

603,566

TOTAL

INDUSTRIALS

114,598,919

INFORMATION

TECHNOLOGY

-

6.4%

18,125

ASML

Holding

NV

12,718,680

39,723

Infineon

Technologies

AG

1,574,671

18,026

Logitech

International

SA

1,690,166

163,200

Ricoh

Co

Ltd

1,442,823

54,173

SAP

SE

15,550,455

10,038

Temenos

AG

904,230

11,600

Tokyo

Electron

Ltd

2,106,568

TOTAL

INFORMATION

TECHNOLOGY

35,987,593

MATERIALS

-

4.8%

118,586

Antofagasta

PLC

2,945,583

2,158

Arkema

SA

147,949

85,499

Boliden

AB

2,635,981

18,370

(a) Covestro

AG

1,248,902

4,576

Croda

International

PLC

158,173

19,050

Evonik

Industries

AG

380,908

392,266

Fortescue

Ltd

4,487,990

1,346

Givaudan

SA

5,653,847

31,883

(a) James

Hardie

Industries

PLC

848,005

117,200

Shin-Etsu

Chemical

Co

Ltd

3,422,665

81,242

SIG

Group

AG

1,320,601

73,871

Sumitomo

Metal

Mining

Co

Ltd

1,646,814

21,930

Syensqo

SA

1,755,986

TOTAL

MATERIALS

26,653,404

REAL

ESTATE

-

2.6%

917,500

CapitaLand

Ascendas

REIT

1,973,118

698,500

CapitaLand

Investment

Ltd/Singapore

1,496,767

110,500

Daiwa

House

Industry

Co

Ltd

3,674,155

264,077

Goodman

Group

5,981,502

1,080,882

Sino

Land

Co

Ltd

1,246,112

TOTAL

REAL

ESTATE

14,371,654

UTILITIES

-

2.9%

344,219

EDP

SA

1,491,585

148,084

Iberdrola

SA

2,602,492

3,773

(a) Iberdrola

SA

66,309

392,187

Meridian

Energy

Ltd

1,319,708

520,948

National

Grid

PLC

7,307,584

69,706

SSE

PLC

1,705,152

20,377

Verbund

AG

1,524,118

TOTAL

UTILITIES

16,016,948

TOTAL

COMMON

STOCKS

(Cost

$461,016,004)

556,487,627

TOTAL

LONG-TERM

INVESTMENTS

(Cost

$461,016,004)

556,487,627

OTHER

ASSETS

&

LIABILITIES,

NET

-

0.4%

2,487,061

NET

ASSETS

-

100%

$

558,974,688

REIT

Real

Estate

Investment

Trust

(a) Non-income

producing;

issuer

has

not

declared

an

ex-dividend

date

within

the

past

twelve

months.

(b) For

fair

value

measurement

disclosure

purposes,

investment

classified

as

Level

3. (c) Security

is

exempt

from

registration

under

Rule

144A

of

the

Securities

Act

of

1933,

as

amended.

These

securities

are

deemed

liquid

and

may

be

resold

in

transactions

exempt

from

registration,

which

are

normally

those

tran

sactions

with

qualified

institutional

buyers.

As

of

the

end

of

the

reporting

period,

the

aggregate

value

of

these

securities

is

$1,835,709

or

0.3%

of

Total

Investments.

Portfolio

of

Investments

July

31,

2025

(continued)

NUDM

Part

F

of

Form

N-PORT

was

prepared

in

accordance

with

U.S.

generally

accepted

accounting

principles

("U.S.

GAAP")

and

in

conformity

with

the

applicable

rules

and

regulations

of

the

U.S.

Securities

and

Exchange

Commission

("SEC")

related

to

interim

filings.

Part

F

of

Form

N-PORT

does

not

include

all

information

and

footnotes

required

by

U.S.

GAAP

for

complete

financial

statements.

Certain

footnote

disclosures

normally

included

in

financial

statements

prepared

in

accordance

with

U.S.

GAAP

have

been

condensed

or

omitted

from

this

report

pursuant

to

the

rules

of

the

SEC.

For

a

full

set

of

the

Fund's

notes

to

financial

statements,

please

refer

to

the

Fund's

most

recently

filed

annual

or

semi-annual

report.

Fair

Value

Measurements

The

Fund's

investments

in

securities

are

recorded

at

their

estimated

fair

value

utilizing

valuation

methods

approved

by

the

Board

of

Directors/

Trustees.

Fair

value

is

defined

as

the

price

that

would

be

received

upon

selling

an

investment

or

transferring

a

liability

in

an

orderly

transaction

to

an

independent

buyer

in

the

principal

or

most

advantageous

market

for

the

investment.

U.S.

GAAP

establishes

the

three-tier

hierarchy

which

is

used

to

maximize

the

use

of

observable

market

data

and

minimize

the

use

of

unobservable

inputs

and

to

establish

classification

of

fair

value

measurements

for

disclosure

purposes.

Observable

inputs

reflect

the

assumptions

market

participants

would

use

in

pricing

the

asset

or

liability.

Observable

inputs

are

based

on

market

data

obtained

from

sources

independent

of

the

reporting

entity.

Unobservable

inputs

reflect

management's

assumptions

about

the

assumptions

market

participants

would

use

in

pricing

the

asset

or

liability.

Unobservable

inputs

are

based

on

the

best

information

available

in

the

circumstances.

The

following

is

a

summary

of

the

three-tiered

hierarchy

of

valuation

input

levels.

Level

–

Inputs

are

unadjusted

and

prices

are

determined

using

quoted

prices

in

active

markets

for

identical

securities.

Level

–

Prices

are

determined

using

other

significant

observable

inputs

(including

quoted

prices

for

similar

securities,

interest

rates,

credit

spreads,

etc.).

Level

–

Prices

are

determined

using

significant

unobservable

inputs

(including

management's

assumptions

in

determining

the

fair

value

of

investments).

The

following

table

summarizes

the

market

value

of

the

Fund's

investments

as

of

the

end

of

the

reporting

period,

based

on

the

inputs

used

to

value

them:

NUDM

Level

Level

Level

Total

Long-Term

Investments:

Common

Stocks

$

556,421,318

$

66,309

$

–\*

$

556,487,627

Total

$

556,421,318

$

66,309

$

–

$

556,487,627

a

\*

Value

equals

zero

as

of

the

end

of

the

reporting

period.

Portfolio

of

Investments

July

31,

2025

NULC

(Unaudited)

SHARES

DESCRIPTION

VALUE

LONG-TERM

INVESTMENTS

-

99.8%

COMMON

STOCKS

-

99.8%

COMMUNICATION

SERVICES

-

8.6%

7,853

Alphabet

Inc,

Class

A

$

1,506,991

5,590

Alphabet

Inc,

Class

C

1,078,087

7,385

Comcast

Corp,

Class

A

245,403

1,873

(a) Liberty

Media

Corp-Liberty

Formula

One,

Class

C

187,956

10,533

Verizon

Communications

Inc

450,391

6,917

Walt

Disney

Co/The

823,884

TOTAL

COMMUNICATION

SERVICES

4,292,712

CONSUMER

DISCRETIONARY

-

8.1%

2,104

(a) Aptiv

PLC

144,419

Booking

Holdings

Inc

484,357

794

(a) Carvana

Co

309,795

877

(a) Deckers

Outdoor

Corp

93,111

2,494

(a) DoorDash

Inc,

Class

A

624,124

1,158

eBay

Inc

106,246

1,404

(a) Garmin

Ltd

307,139

Home

Depot

Inc/The

128,996

586

Lowe's

Cos

Inc

131,012

998

McDonald's

Corp

299,470

(a) MercadoLibre

Inc

643,324

7,173

(a) Rivian

Automotive

Inc,

Class

A

92,317

5,089

TJX

Cos

Inc/The

633,733

Williams-Sonoma

Inc

70,518

TOTAL

CONSUMER

DISCRETIONARY

4,068,561

CONSUMER

STAPLES

-

6.3%

Albertsons

Cos

Inc,

Class

A

4,901

11,968

Coca-Cola

Co/The

812,508

1,864

(a) Dollar

Tree

Inc

211,657

3,695

PepsiCo

Inc

509,614

5,630

Procter

&

Gamble

Co/The

847,146

4,463

Sysco

Corp

355,255

4,158

Target

Corp

417,879

TOTAL

CONSUMER

STAPLES

3,158,960

ENERGY

-

2.6%

7,615

Baker

Hughes

Co

343,056

1,992

Cheniere

Energy

Inc

469,873

5,700

ONEOK

Inc

468,027

TOTAL

ENERGY

1,280,956

FINANCIALS

-

15.8%

4,693

Aflac

Inc

466,296

American

Express

Co

133,193

13,400

Bank

of

America

Corp

633,418

933

Cboe

Global

Markets

Inc

224,890

9,499

Citigroup

Inc

890,056

Fidelity

National

Information

Services

Inc

38,196

Goldman

Sachs

Group

Inc/The

41,245

3,008

Marsh

&

McLennan

Cos

Inc

599,194

1,759

Mastercard

Inc,

Class

A

996,421

876

Moody's

Corp

451,779

5,323

Morgan

Stanley

758,315

745

PNC

Financial

Services

Group

Inc/The

141,751

1,416

S&P

Global

Inc

780,358

898

Travelers

Cos

Inc/The

233,696

2,131

Truist

Financial

Corp

93,146

7,422

US

Bancorp

333,693

3,186

Visa

Inc,

Class

A

1,100,667

Willis

Towers

Watson

PLC

10,738

TOTAL

FINANCIALS

7,927,052

Portfolio

of

Investments

July

31,

2025

(continued)

NULC

SHARES

DESCRIPTION

VALUE

HEALTH

CARE

-

8.9%

2,393

AbbVie

Inc

$

452,325

3,091

Danaher

Corp

609,422

2,166

(a) Dexcom

Inc

174,948

5,246

(a) Edwards

Lifesciences

Corp

416,060

Elevance

Health

Inc

47,274

1,416

Eli

Lilly

&

Co

1,047,939

1,619

HCA

Healthcare

Inc

573,110

(a) IDEXX

Laboratories

Inc

51,294

McKesson

Corp

75,596

1,373

(a) Veeva

Systems

Inc,

Class

A

390,207

942

(a) Vertex

Pharmaceuticals

Inc

430,371

1,322

Zoetis

Inc

192,734

TOTAL

HEALTH

CARE

4,461,280

INDUSTRIALS

-

11.2%

4,323

3M

Co

645,078

1,507

Automatic

Data

Processing

Inc

466,416

666

(a) Axon

Enterprise

Inc

503,156

2,089

Carrier

Global

Corp

143,347

Caterpillar

Inc

174,332

Cintas

Corp

5,341

6,228

(a) Copart

Inc

282,315

1,222

Cummins

Inc

449,232

1,557

Ferguson

Enterprises

Inc

347,725

1,562

GE

Vernova

Inc

1,031,373

2,544

Illinois

Tool

Works

Inc

651,188

Old

Dominion

Freight

Line

Inc

36,865

Parker-Hannifin

Corp

339,602

2,149

Union

Pacific

Corp

477,013

United

Rentals

Inc

45,913

TOTAL

INDUSTRIALS

5,598,896

INFORMATION

TECHNOLOGY

-

32.3%

2,421

Accenture

PLC,

Class

A

646,649

1,807

(a) Adobe

Inc

646,346

1,977

(a) Advanced

Micro

Devices

Inc

348,565

1,333

(a) Akamai

Technologies

Inc

101,721

2,057

Applied

Materials

Inc

370,383

3,597

(a) Arista

Networks

Inc

443,222

934

(a) Atlassian

Corp,

Class

A

179,123

5,717

Broadcom

Inc

1,679,083

2,098

(a) Cadence

Design

Systems

Inc

764,868

1,289

(a) GoDaddy

Inc,

Class

A

208,277

11,987

Hewlett

Packard

Enterprise

Co

248,011

8,603

HP

Inc

213,354

8,596

Intel

Corp

170,201

3,065

International

Business

Machines

Corp

775,905

1,577

(a) Keysight

Technologies

Inc

258,486

1,405

Lam

Research

Corp

133,250

741

(a) MongoDB

Inc

176,276

864

Motorola

Solutions

Inc

379,279

1,883

NetApp

Inc

196,077

25,791

NVIDIA

Corp

4,587,445

1,514

(a) Okta

Inc

148,069

(a) Palo

Alto

Networks

Inc

75,863

2,826

(a) Pure

Storage

Inc,

Class

A

168,204

2,926

Salesforce

Inc

755,874

1,932

Seagate

Technology

Holdings

PLC

303,343

767

(a) ServiceNow

Inc

723,373

1,289

(a) Synopsys

Inc

816,543

Texas

Instruments

Inc

84,736

2,243

(a) Trimble

Inc

188,165

1,328

(a) Twilio

Inc,

Class

A

171,312

Part

F

of

Form

N-PORT

was

prepared

in

accordance

with

U.S.

generally

accepted

accounting

principles

("U.S.

GAAP")

and

in

conformity

with

the

applicable

rules

and

regulations

of

the

U.S.

Securities

and

Exchange

Commission

("SEC")

related

to

interim

filings.

Part

F

of

Form

N-PORT

does

not

include

all

information

and

footnotes

required

by

U.S.

GAAP

for

complete

financial

statements.

Certain

footnote

disclosures

normally

included

in

financial

statements

prepared

in

accordance

with

U.S.

GAAP

have

been

condensed

or

omitted

from

this

report

pursuant

to

the

rules

of

the

SEC.

For

a

full

set

of

the

Fund's

notes

to

financial

statements,

please

refer

to

the

Fund's

most

recently

filed

annual

or

semi-annual

report.

Fair

Value

Measurements

The

Fund's

investments

in

securities

are

recorded

at

their

estimated

fair

value

utilizing

valuation

methods

approved

by

the

Board

of

Directors/

Trustees.

Fair

value

is

defined

as

the

price

that

would

be

received

upon

selling

an

investment

or

transferring

a

liability

in

an

orderly

transaction

to

an

independent

buyer

in

the

principal

or

most

advantageous

market

for

the

investment.

U.S.

GAAP

establishes

the

three-tier

hierarchy

which

is

used

to

maximize

the

use

of

observable

market

data

and

minimize

the

use

of

unobservable

inputs

and

to

establish

classification

of

fair

value

measurements

for

disclosure

purposes.

Observable

inputs

reflect

the

assumptions

market

participants

would

use

in

pricing

the

asset

or

liability.

Observable

inputs

are

based

on

market

data

obtained

from

sources

independent

of

the

reporting

entity.

Unobservable

inputs

reflect

management's

assumptions

about

the

assumptions

market

participants

would

use

in

pricing

the

asset

or

liability.

Unobservable

inputs

are

based

on

the

best

information

available

in

the

circumstances.

The

following

is

a

summary

of

the

three-tiered

hierarchy

of

valuation

input

levels.

Level

–

Inputs

are

unadjusted

and

prices

are

determined

using

quoted

prices

in

active

markets

for

identical

securities.

Level

–

Prices

are

determined

using

other

significant

observable

inputs

(including

quoted

prices

for

similar

securities,

interest

rates,

credit

spreads,

etc.).

Level

–

Prices

are

determined

using

significant

unobservable

inputs

(including

management's

assumptions

in

determining

the

fair

value

of

investments).

The

following

table

summarizes

the

market

value

of

the

Fund's

investments

as

of

the

end

of

the

reporting

period,

based

on

the

inputs

used

to

value

them:

SHARES

DESCRIPTION

VALUE

INFORMATION

TECHNOLOGY

(continued)

3,155

Western

Digital

Corp

$

248,267

TOTAL

INFORMATION

TECHNOLOGY

16,210,270

MATERIALS

-

2.2%

2,329

Ecolab

Inc

609,639

4,418

International

Paper

Co

206,497

1,280

Newmont

Corp

79,488

PPG

Industries

Inc

22,577

624

Steel

Dynamics

Inc

79,597

Vulcan

Materials

Co

105,199

TOTAL

MATERIALS

1,102,997

REAL

ESTATE

-

1.8%

Equinix

Inc

167,241

4,503

Welltower

Inc

743,310

TOTAL

REAL

ESTATE

910,551

UTILITIES

-

2.0%

American

Water

Works

Co

Inc

54,413

3,082

Consolidated

Edison

Inc

318,987

3,459

Exelon

Corp

155,448

5,891

Sempra

481,177

TOTAL

UTILITIES

1,010,025

TOTAL

COMMON

STOCKS

(Cost

$39,799,385)

50,022,260

TOTAL

LONG-TERM

INVESTMENTS

(Cost

$39,799,385)

50,022,260

OTHER

ASSETS

&

LIABILITIES,

NET

-

0.2%

120,355

NET

ASSETS

-

100%

$

50,142,615

S&P

Standard

&

Poor's

(a) Non-income

producing;

issuer

has

not

declared

an

ex-dividend

date

within

the

past

twelve

months.

Portfolio

of

Investments

July

31,

2025

(continued)

NULC

NULC

Level

Level

Level

Total

Long-Term

Investments:

Common

Stocks

$

50,022,260

$

–

$

–

$

50,022,260

Total

$

50,022,260

$

–

$

–

$

50,022,260

a

Portfolio

of

Investments

July

31,

2025

NULG

(Unaudited)

SHARES

DESCRIPTION

VALUE

LONG-TERM

INVESTMENTS

-

99.6%

COMMON

STOCKS

-

99.6%

COMMUNICATION

SERVICES

-

10.0%

366,688

Alphabet

Inc,

Class

A

$

70,367,427

385,423

Alphabet

Inc,

Class

C

74,332,680

73,852

(a) Live

Nation

Entertainment

Inc

10,907,941

1,391,931

(a) Warner

Bros

Discovery

Inc

18,331,731

TOTAL

COMMUNICATION

SERVICES

173,939,779

CONSUMER

DISCRETIONARY

-

11.0%

3,135

(a) AutoZone

Inc

11,813,871

5,692

Booking

Holdings

Inc

31,329,110

13,999

(a) Burlington

Stores

Inc

3,821,167

64,521

(a) Carvana

Co

25,174,159

260,861

(a) Chipotle

Mexican

Grill

Inc

11,185,720

84,806

(a) Deckers

Outdoor

Corp

9,003,853

59,655

(a) DoorDash

Inc,

Class

A

14,928,664

47,797

Expedia

Group

Inc

8,613,975

23,409

Hyatt

Hotels

Corp

3,299,967

28,749

(a) Lululemon

Athletica

Inc

5,765,037

10,027

(a) MercadoLibre

Inc

23,802,995

126,484

(a) O'Reilly

Automotive

Inc

12,435,907

164,673

(a) Rivian

Automotive

Inc,

Class

A

2,119,341

90,389

Royal

Caribbean

Cruises

Ltd

28,731,951

TOTAL

CONSUMER

DISCRETIONARY

192,025,717

CONSUMER

STAPLES

-

2.5%

33,779

Colgate-Palmolive

Co

2,832,369

43,691

Costco

Wholesale

Corp

41,053,811

TOTAL

CONSUMER

STAPLES

43,886,180

ENERGY

-

0.7%

48,155

Cheniere

Energy

Inc

11,358,801

TOTAL

ENERGY

11,358,801

FINANCIALS

-

8.7%

7,394

FactSet

Research

Systems

Inc

2,979,042

82,419

Mastercard

Inc,

Class

A

46,687,891

50,478

Moody's

Corp

26,033,019

42,847

S&P

Global

Inc

23,612,982

152,629

Visa

Inc,

Class

A

52,728,741

TOTAL

FINANCIALS

152,041,675

HEALTH

CARE

-

6.1%

115,243

(a) Edwards

Lifesciences

Corp

9,139,922

63,958

Eli

Lilly

&

Co

47,333,397

65,061

Gilead

Sciences

Inc

7,305,700

31,363

(a) IDEXX

Laboratories

Inc

16,757,564

5,604

(a) Mettler-Toledo

International

Inc

6,913,543

10,128

(a) Veeva

Systems

Inc,

Class

A

2,878,378

8,253

(a) Vertex

Pharmaceuticals

Inc

3,770,548

14,893

West

Pharmaceutical

Services

Inc

3,563,299

62,976

Zoetis

Inc

9,181,271

TOTAL

HEALTH

CARE

106,843,622

INDUSTRIALS

-

9.4%

27,377

(a) Axon

Enterprise

Inc

20,683,050

54,773

Cintas

Corp

12,189,731

351,047

(a) Copart

Inc

15,912,961

33,446

GE

Vernova

Inc

22,084,059

16,720

Old

Dominion

Freight

Line

Inc

2,495,460

81,773

Otis

Worldwide

Corp

7,007,128

65,985

Quanta

Services

Inc

26,798,488

32,452

Trane

Technologies

PLC

14,216,572

181,904

(a) Uber

Technologies

Inc

15,962,076

73,493

Veralto

Corp

7,704,271

Portfolio

of

Investments

July

31,

2025

(continued)

NULG

Investments

in

Derivatives

SHARES

DESCRIPTION

VALUE

INDUSTRIALS

(continued)

19,248

WW

Grainger

Inc

$

20,009,066

TOTAL

INDUSTRIALS

165,062,862

INFORMATION

TECHNOLOGY

-

48.8%

72,897

(a) Adobe

Inc

26,074,528

271,539

(a) Advanced

Micro

Devices

Inc

47,875,041

271,600

(a) Arista

Networks

Inc

33,466,552

72,470

(a) Atlassian

Corp,

Class

A

13,898,297

79,930

(a) Autodesk

Inc

24,227,582

95,061

Bentley

Systems

Inc,

Class

B

5,511,637

350,019

Broadcom

Inc

102,800,580

78,363

(a) Cadence

Design

Systems

Inc

28,568,799

53,788

(a) Dynatrace

Inc

2,829,787

11,837

(a) F5

Inc

3,709,953

30,184

(a) First

Solar

Inc

5,274,050

45,399

(a) Gartner

Inc

15,374,371

11,646

(a) HubSpot

Inc

6,051,844

42,874

Intuit

Inc

33,661,664

27,516

KLA

Corp

24,187,389

217,396

Marvell

Technology

Inc

17,472,117

56,970

Motorola

Solutions

Inc

25,008,691

141,420

(a) Nutanix

Inc,

Class

A

10,630,541

1,509,614

NVIDIA

Corp

268,515,042

77,177

(a) Palo

Alto

Networks

Inc

13,397,927

71,111

(a) PTC

Inc

15,275,354

183,453

(a) Pure

Storage

Inc,

Class

A

10,919,123

31,524

(a) ServiceNow

Inc

29,730,915

56,584

(a) Synopsys

Inc

35,844,266

25,495

(a) Tyler

Technologies

Inc

14,903,357

32,475

VeriSign

Inc

8,731,553

62,418

(a) Workday

Inc,

Class

A

14,317,441

48,947

(a) Zscaler

Inc

13,977,305

TOTAL

INFORMATION

TECHNOLOGY

852,235,706

MATERIALS

-

1.6%

85,729

Ecolab

Inc

22,440,423

22,733

Vulcan

Materials

Co

6,244,073

TOTAL

MATERIALS

28,684,496

REAL

ESTATE

-

0.8%

43,076

(a) CBRE

Group

Inc,

Class

A

6,708,656

10,331

Equinix

Inc

8,111,592

TOTAL

REAL

ESTATE

14,820,248

TOTAL

COMMON

STOCKS

(Cost

$1,365,064,243)

1,740,899,086

TOTAL

LONG-TERM

INVESTMENTS

(Cost

$1,365,064,243)

1,740,899,086

OTHER

ASSETS

&

LIABILITIES,

NET

-

0.4%

6,680,037

NET

ASSETS

-

100%

$

1,747,579,123

S&P

Standard

&

Poor's

(a) Non-income

producing;

issuer

has

not

declared

an

ex-dividend

date

within

the

past

twelve

months.

Futures

Contracts

-

Long

Description

Number

of

Contracts

Expiration

Date

Notional

Amount

Value

Unrealized

Appreciation

(Depreciation)

E-mini

9/25

$

5,576,640

$

5,607,600

$

30,960

Total

$5,576,640

$5,607,600

$30,960

Part

F

of

Form

N-PORT

was

prepared

in

accordance

with

U.S.

generally

accepted

accounting

principles

("U.S.

GAAP")

and

in

conformity

with

the

applicable

rules

and

regulations

of

the

U.S.

Securities

and

Exchange

Commission

("SEC")

related

to

interim

filings.

Part

F

of

Form

N-PORT

does

not

include

all

information

and

footnotes

required

by

U.S.

GAAP

for

complete

financial

statements.

Certain

footnote

disclosures

normally

included

in

financial

statements

prepared

in

accordance

with

U.S.

GAAP

have

been

condensed

or

omitted

from

this

report

pursuant

to

the

rules

of

the

SEC.

For

a

full

set

of

the

Fund's

notes

to

financial

statements,

please

refer

to

the

Fund's

most

recently

filed

annual

or

semi-annual

report.

Fair

Value

Measurements

The

Fund's

investments

in

securities

are

recorded

at

their

estimated

fair

value

utilizing

valuation

methods

approved

by

the

Board

of

Directors/

Trustees.

Fair

value

is

defined

as

the

price

that

would

be

received

upon

selling

an

investment

or

transferring

a

liability

in

an

orderly

transaction

to

an

independent

buyer

in

the

principal

or

most

advantageous

market

for

the

investment.

U.S.

GAAP

establishes

the

three-tier

hierarchy

which

is

used

to

maximize

the

use

of

observable

market

data

and

minimize

the

use

of

unobservable

inputs

and

to

establish

classification

of

fair

value

measurements

for

disclosure

purposes.

Observable

inputs

reflect

the

assumptions

market

participants

would

use

in

pricing

the

asset

or

liability.

Observable

inputs

are

based

on

market

data

obtained

from

sources

independent

of

the

reporting

entity.

Unobservable

inputs

reflect

management's

assumptions

about

the

assumptions

market

participants

would

use

in

pricing

the

asset

or

liability.

Unobservable

inputs

are

based

on

the

best

information

available

in

the

circumstances.

The

following

is

a

summary

of

the

three-tiered

hierarchy

of

valuation

input

levels.

Level

–

Inputs

are

unadjusted

and

prices

are

determined

using

quoted

prices

in

active

markets

for

identical

securities.

Level

–

Prices

are

determined

using

other

significant

observable

inputs

(including

quoted

prices

for

similar

securities,

interest

rates,

credit

spreads,

etc.).

Level

–

Prices

are

determined

using

significant

unobservable

inputs

(including

management's

assumptions

in

determining

the

fair

value

of

investments).

The

following

table

summarizes

the

market

value

of

the

Fund's

investments

as

of

the

end

of

the

reporting

period,

based

on

the

inputs

used

to

value

them:

NULG

Level

Level

Level

Total

Long-Term

Investments:

Common

Stocks

$

1,740,899,086

$

–

$

–

$

1,740,899,086

Investments

in

Derivatives:

Futures

Contracts\*

30,960

–

–

30,960

Total

$

1,740,930,046

$

–

$

–

$

1,740,930,046

a

\*

Represents

net

unrealized

appreciation

(depreciation).

Portfolio

of

Investments

July

31,

2025

NULV

(Unaudited)

SHARES

DESCRIPTION

VALUE

LONG-TERM

INVESTMENTS

-

99.7%

COMMON

STOCKS

-

99.7%

COMMUNICATION

SERVICES

-

7.8%

404,173

Comcast

Corp,

Class

A

$

13,430,669

159,016

Electronic

Arts

Inc

24,248,350

130,202

(a) ROBLOX

Corp,

Class

A

17,940,533

42,840

(a) Take-Two

Interactive

Software

Inc

9,541,753

780,379

Verizon

Communications

Inc

33,369,006

317,351

Walt

Disney

Co/The

37,799,678

TOTAL

COMMUNICATION

SERVICES

136,329,989

CONSUMER

DISCRETIONARY

-

5.0%

323,671

eBay

Inc

29,696,814

55,536

Home

Depot

Inc/The

20,410,035

119,691

Lowe's

Cos

Inc

26,759,317

64,118

PulteGroup

Inc

7,240,205

131,010

(a) Rivian

Automotive

Inc,

Class

A

1,686,099

2,515

Williams-Sonoma

Inc

470,431

TOTAL

CONSUMER

DISCRETIONARY

86,262,901

CONSUMER

STAPLES

-

10.2%

333,567

Archer-Daniels-Midland

Co

18,072,660

93,314

Bunge

Global

SA

7,442,725

584,555

Coca-Cola

Co/The

39,685,439

49,436

General

Mills

Inc

2,421,375

120,797

Hormel

Foods

Corp

3,393,188

971,005

Kenvue

Inc

20,818,347

365,040

Keurig

Dr

Pepper

Inc

11,918,556

146,583

Kraft

Heinz

Co/The

4,025,169

288,945

Procter

&

Gamble

Co/The

43,477,554

251,151

Target

Corp

25,240,676

TOTAL

CONSUMER

STAPLES

176,495,689

ENERGY

-

4.1%

614,141

Baker

Hughes

Co

27,667,052

77,398

Cheniere

Energy

Inc

18,256,640

300,770

ONEOK

Inc

24,696,225

TOTAL

ENERGY

70,619,917

FINANCIALS

-

22.1%

71,160

Aflac

Inc

7,070,458

111,705

American

Express

Co

33,434,424

52,753

Arthur

J

Gallagher

&

Co

15,153,299

889,581

Bank

of

America

Corp

42,050,494

288,967

Bank

of

New

York

Mellon

Corp/The

29,315,702

12,063

Capital

One

Financial

Corp

2,593,545

72,746

Cboe

Global

Markets

Inc

17,534,696

414,509

Citigroup

Inc

38,839,493

304,026

Fidelity

National

Information

Services

Inc

24,142,705

30,133

Goldman

Sachs

Group

Inc/The

21,803,937

22,794

Intercontinental

Exchange

Inc

4,213,015

31,191

Jack

Henry

&

Associates

Inc

5,296,700

115,583

Marsh

&

McLennan

Cos

Inc

23,024,134

203,616

Morgan

Stanley

29,007,135

133,739

PNC

Financial

Services

Group

Inc/The

25,446,519

9,805

Regions

Financial

Corp

248,361

55,372

S&P

Global

Inc

30,515,509

94,425

Travelers

Cos

Inc/The

24,573,162

62,918

Truist

Financial

Corp

2,750,146

126,557

US

Bancorp

5,690,003

4,492

Willis

Towers

Watson

PLC

1,418,618

TOTAL

FINANCIALS

384,122,055

SHARES

DESCRIPTION

VALUE

HEALTH

CARE

-

13.9%

165,759

AbbVie

Inc

$

31,331,766

400,274

Bristol-Myers

Squibb

Co

17,335,867

111,301

Cardinal

Health

Inc

17,276,141

56,235

Cencora

Inc

16,087,709

80,843

Cigna

Group/The

21,615,801

137,925

Danaher

Corp

27,193,293

203,471

(a) Edwards

Lifesciences

Corp

16,137,285

124,482

Gilead

Sciences

Inc

13,978,084

58,899

HCA

Healthcare

Inc

20,849,657

451,113

Merck

&

Co

Inc

35,240,948

3,084

Regeneron

Pharmaceuticals

Inc

1,682,199

101,201

(a) Solventum

Corp

7,221,703

38,123

STERIS

PLC

8,634,478

24,593

West

Pharmaceutical

Services

Inc

5,884,121

TOTAL

HEALTH

CARE

240,469,052

INDUSTRIALS

-

14.5%

177,207

3M

Co

26,442,829

79,498

Automatic

Data

Processing

Inc

24,604,631

40,626

Broadridge

Financial

Solutions

Inc

10,055,341

41,430

Caterpillar

Inc

18,147,169

58,842

Deere

&

Co

30,854,980

8,598

Expeditors

International

of

Washington

Inc

999,432

110,052

Ferguson

Enterprises

Inc

24,577,913

227,469

Fortive

Corp

10,902,589

72,389

Jacobs

Solutions

Inc

10,269,827

129,312

Johnson

Controls

International

plc

13,577,760

46,586

Old

Dominion

Freight

Line

Inc

6,952,961

40,625

Parker-Hannifin

Corp

29,733,437

53,471

Rockwell

Automation

Inc

18,806,285

100,832

Union

Pacific

Corp

22,381,679

3,313

United

Rentals

Inc

2,925,180

TOTAL

INDUSTRIALS

251,232,013

INFORMATION

TECHNOLOGY

-

12.5%

101,633

(a) Akamai

Technologies

Inc

7,755,614

27,372

Analog

Devices

Inc

6,148,572

153,705

Applied

Materials

Inc

27,676,122

26,085

(a) F5

Inc

8,175,561

35,366

(a) First

Solar

Inc

6,179,501

240,654

Hewlett

Packard

Enterprise

Co

4,979,131

1,104,615

Intel

Corp

21,871,377

145,132

International

Business

Machines

Corp

36,740,166

19,887

(a) MongoDB

Inc

4,730,919

23,987

NXP

Semiconductors

NV

5,127,701

141,561

Salesforce

Inc

36,569,453

167,649

Texas

Instruments

Inc

30,354,528

101,264

(a) Twilio

Inc,

Class

A

13,063,056

101,924

Western

Digital

Corp

8,020,400

TOTAL

INFORMATION

TECHNOLOGY

217,392,101

MATERIALS

-

1.9%

28,205

Ball

Corp

1,615,018

62,063

Ecolab

Inc

16,245,611

86,887

Newmont

Corp

5,395,683

71,965

Steel

Dynamics

Inc

9,179,855

TOTAL

MATERIALS

32,436,167

REAL

ESTATE

-

3.5%

35,056

American

Tower

Corp

7,305,320

39,888

(a) CBRE

Group

Inc,

Class

A

6,212,157

11,945

Equinix

Inc

9,378,856

4,050

Iron

Mountain

Inc

394,308

58,861

Prologis

Inc

6,285,177

Portfolio

of

Investments

July

31,

2025

(continued)

NULV

Part

F

of

Form

N-PORT

was

prepared

in

accordance

with

U.S.

generally

accepted

accounting

principles

("U.S.

GAAP")

and

in

conformity

with

the

applicable

rules

and

regulations

of

the

U.S.

Securities

and

Exchange

Commission

("SEC")

related

to

interim

filings.

Part

F

of

Form

N-PORT

does

not

include

all

information

and

footnotes

required

by

U.S.

GAAP

for

complete

financial

statements.

Certain

footnote

disclosures

normally

included

in

financial

statements

prepared

in

accordance

with

U.S.

GAAP

have

been

condensed

or

omitted

from

this

report

pursuant

to

the

rules

of

the

SEC.

For

a

full

set

of

the

Fund's

notes

to

financial

statements,

please

refer

to

the

Fund's

most

recently

filed

annual

or

semi-annual

report.

Fair

Value

Measurements

The

Fund's

investments

in

securities

are

recorded

at

their

estimated

fair

value

utilizing

valuation

methods

approved

by

the

Board

of

Directors/

Trustees.

Fair

value

is

defined

as

the

price

that

would

be

received

upon

selling

an

investment

or

transferring

a

liability

in

an

orderly

transaction

to

an

independent

buyer

in

the

principal

or

most

advantageous

market

for

the

investment.

U.S.

GAAP

establishes

the

three-tier

hierarchy

which

is

used

to

maximize

the

use

of

observable

market

data

and

minimize

the

use

of

unobservable

inputs

and

to

establish

classification

of

fair

value

measurements

for

disclosure

purposes.

Observable

inputs

reflect

the

assumptions

market

participants

would

use

in

pricing

the

asset

or

liability.

Observable

inputs

are

based

on

market

data

obtained

from

sources

independent

of

the

reporting

entity.

Unobservable

inputs

reflect

management's

assumptions

about

the

assumptions

market

participants

would

use

in

pricing

the

asset

or

liability.

Unobservable

inputs

are

based

on

the

best

information

available

in

the

circumstances.

The

following

is

a

summary

of

the

three-tiered

hierarchy

of

valuation

input

levels.

Level

–

Inputs

are

unadjusted

and

prices

are

determined

using

quoted

prices

in

active

markets

for

identical

securities.

Level

–

Prices

are

determined

using

other

significant

observable

inputs

(including

quoted

prices

for

similar

securities,

interest

rates,

credit

spreads,

etc.).

Level

–

Prices

are

determined

using

significant

unobservable

inputs

(including

management's

assumptions

in

determining

the

fair

value

of

investments).

The

following

table

summarizes

the

market

value

of

the

Fund's

investments

as

of

the

end

of

the

reporting

period,

based

on

the

inputs

used

to

value

them:

SHARES

DESCRIPTION

VALUE

REAL

ESTATE

(continued)

187,517

Welltower

Inc

$

30,953,431

TOTAL

REAL

ESTATE

60,529,249

UTILITIES

-

4.2%

5,652

American

Water

Works

Co

Inc

792,636

49,072

Atmos

Energy

Corp

7,651,306

228,794

Consolidated

Edison

Inc

23,680,179

336,606

Exelon

Corp

15,127,074

319,814

Sempra

26,122,408

TOTAL

UTILITIES

73,373,603

TOTAL

COMMON

STOCKS

(Cost

$1,634,548,994)

1,729,262,736

TOTAL

LONG-TERM

INVESTMENTS

(Cost

$1,634,548,994)

1,729,262,736

OTHER

ASSETS

&

LIABILITIES,

NET

-

0.3%

4,678,517

NET

ASSETS

-

100%

$

1,733,941,253

S&P

Standard

&

Poor's

(a) Non-income

producing;

issuer

has

not

declared

an

ex-dividend

date

within

the

past

twelve

months.

NULV

Level

Level

Level

Total

Long-Term

Investments:

Common

Stocks

$

1,729,262,736

$

–

$

–

$

1,729,262,736

Total

$

1,729,262,736

$

–

$

–

$

1,729,262,736

a

Portfolio

of

Investments

July

31,

2025

NUMG

(Unaudited)

SHARES

DESCRIPTION

VALUE

LONG-TERM

INVESTMENTS

-

99.9%

COMMON

STOCKS

-

99.9%

COMMUNICATION

SERVICES

-

10.2%

92,813

(a) Liberty

Media

Corp-Liberty

Formula

One,

Class

C

$

9,313,785

65,531

(a) Live

Nation

Entertainment

Inc

9,678,929

43,214

(a) Take-Two

Interactive

Software

Inc

9,625,054

998,173

(a) Warner

Bros

Discovery

Inc

13,145,938

TOTAL

COMMUNICATION

SERVICES

41,763,706

CONSUMER

DISCRETIONARY

-

11.7%

30,977

(a) Burlington

Stores

Inc

8,455,482

39,771

(a) Carvana

Co

15,517,451

68,372

(a) Deckers

Outdoor

Corp

7,259,055

36,374

(a) Lululemon

Athletica

Inc

7,294,078

354,127

(a) Rivian

Automotive

Inc,

Class

A

4,557,615

9,278

(a) Ulta

Beauty

Inc

4,778,263

TOTAL

CONSUMER

DISCRETIONARY

47,861,944

ENERGY

-

3.0%

72,708

Targa

Resources

Corp

12,099,338

TOTAL

ENERGY

12,099,338

FINANCIALS

-

10.3%

69,330

Ares

Management

Corp,

Class

A

12,862,795

132,882

Equitable

Holdings

Inc

6,823,491

13,384

FactSet

Research

Systems

Inc

5,392,413

28,426

LPL

Financial

Holdings

Inc

11,249,021

2,961

(a) Markel

Group

Inc

5,946,547

TOTAL

FINANCIALS

42,274,267

HEALTH

CARE

-

13.7%

25,207

(a) IDEXX

Laboratories

Inc

13,468,352

89,165

(a) Incyte

Corp

6,677,567

6,871

(a) Mettler-Toledo

International

Inc

8,476,615

50,454

(a) Veeva

Systems

Inc,

Class

A

14,339,027

21,429

(a) Waters

Corp

6,187,838

28,512

West

Pharmaceutical

Services

Inc

6,821,781

TOTAL

HEALTH

CARE

55,971,180

INDUSTRIALS

-

21.8%

20,662

(a) Axon

Enterprise

Inc

15,609,934

108,026

Delta

Air

Lines

Inc

5,748,064

19,416

EMCOR

Group

Inc

12,183,346

14,597

Lennox

International

Inc

8,889,573

53,649

Old

Dominion

Freight

Line

Inc

8,007,113

42,839

Quanta

Services

Inc

17,398,203

73,555

Veralto

Corp

7,710,771

13,336

WW

Grainger

Inc

13,863,305

TOTAL

INDUSTRIALS

89,410,309

INFORMATION

TECHNOLOGY

-

25.2%

95,254

(a) Docusign

Inc

7,205,013

152,595

(a) Dynatrace

Inc

8,028,023

16,120

(a) F5

Inc

5,052,330

7,139

(a) Fair

Isaac

Corp

10,256,744

40,200

(a) First

Solar

Inc

7,024,146

24,955

(a) Gartner

Inc

8,451,011

53,895

(a) GoDaddy

Inc,

Class

A

8,708,354

17,333

(a) HubSpot

Inc

9,007,094

37,033

(a) MongoDB

Inc

8,809,780

110,681

(a) Nutanix

Inc,

Class

A

8,319,891

52,257

(a) PTC

Inc

11,225,326

39,304

(a) Zscaler

Inc

11,223,650

TOTAL

INFORMATION

TECHNOLOGY

103,311,362

Portfolio

of

Investments

July

31,

2025

(continued)

NUMG

Part

F

of

Form

N-PORT

was

prepared

in

accordance

with

U.S.

generally

accepted

accounting

principles

("U.S.

GAAP")

and

in

conformity

with

the

applicable

rules

and

regulations

of

the

U.S.

Securities

and

Exchange

Commission

("SEC")

related

to

interim

filings.

Part

F

of

Form

N-PORT

does

not

include

all

information

and

footnotes

required

by

U.S.

GAAP

for

complete

financial

statements.

Certain

footnote

disclosures

normally

included

in

financial

statements

prepared

in

accordance

with

U.S.

GAAP

have

been

condensed

or

omitted

from

this

report

pursuant

to

the

rules

of

the

SEC.

For

a

full

set

of

the

Fund's

notes

to

financial

statements,

please

refer

to

the

Fund's

most

recently

filed

annual

or

semi-annual

report.

Fair

Value

Measurements

The

Fund's

investments

in

securities

are

recorded

at

their

estimated

fair

value

utilizing

valuation

methods

approved

by

the

Board

of

Directors/

Trustees.

Fair

value

is

defined

as

the

price

that

would

be

received

upon

selling

an

investment

or

transferring

a

liability

in

an

orderly

transaction

to

an

independent

buyer

in

the

principal

or

most

advantageous

market

for

the

investment.

U.S.

GAAP

establishes

the

three-tier

hierarchy

which

is

used

to

maximize

the

use

of

observable

market

data

and

minimize

the

use

of

unobservable

inputs

and

to

establish

classification

of

fair

value

measurements

for

disclosure

purposes.

Observable

inputs

reflect

the

assumptions

market

participants

would

use

in

pricing

the

asset

or

liability.

Observable

inputs

are

based

on

market

data

obtained

from

sources

independent

of

the

reporting

entity.

Unobservable

inputs

reflect

management's

assumptions

about

the

assumptions

market

participants

would

use

in

pricing

the

asset

or

liability.

Unobservable

inputs

are

based

on

the

best

information

available

in

the

circumstances.

The

following

is

a

summary

of

the

three-tiered

hierarchy

of

valuation

input

levels.

Level

–

Inputs

are

unadjusted

and

prices

are

determined

using

quoted

prices

in

active

markets

for

identical

securities.

Level

–

Prices

are

determined

using

other

significant

observable

inputs

(including

quoted

prices

for

similar

securities,

interest

rates,

credit

spreads,

etc.).

Level

–

Prices

are

determined

using

significant

unobservable

inputs

(including

management's

assumptions

in

determining

the

fair

value

of

investments).

The

following

table

summarizes

the

market

value

of

the

Fund's

investments

as

of

the

end

of

the

reporting

period,

based

on

the

inputs

used

to

value

them:

SHARES

DESCRIPTION

VALUE

MATERIALS

-

1.7%

25,243

Vulcan

Materials

Co

$

6,933,495

TOTAL

MATERIALS

6,933,495

REAL

ESTATE

-

2.3%

59,679

(a) CBRE

Group

Inc,

Class

A

9,294,407

TOTAL

REAL

ESTATE

9,294,407

TOTAL

COMMON

STOCKS

(Cost

$393,930,820)

408,920,008

TOTAL

LONG-TERM

INVESTMENTS

(Cost

$393,930,820)

408,920,008

OTHER

ASSETS

&

LIABILITIES,

NET

-

0.1%

290,907

NET

ASSETS

-

100%

$

409,210,915

(a) Non-income

producing;

issuer

has

not

declared

an

ex-dividend

date

within

the

past

twelve

months.

NUMG

Level

Level

Level

Total

Long-Term

Investments:

Common

Stocks

$

408,920,008

$

–

$

–

$

408,920,008

Total

$

408,920,008

$

–

$

–

$

408,920,008

a

Portfolio

of

Investments

July

31,

2025

NUMV

(Unaudited)

SHARES

DESCRIPTION

VALUE

LONG-TERM

INVESTMENTS

-

99.8%

COMMON

STOCKS

-

99.8%

COMMUNICATION

SERVICES

-

2.9%

76,077

Omnicom

Group

Inc

$

5,481,348

24,645

(a) Take-Two

Interactive

Software

Inc

5,489,181

TOTAL

COMMUNICATION

SERVICES

10,970,529

CONSUMER

DISCRETIONARY

-

6.3%

1,187

Best

Buy

Co

Inc

77,226

47,682

Genuine

Parts

Co

6,145,256

74,290

LKQ

Corp

2,189,326

7,078

Pool

Corp

2,181,015

55,517

PulteGroup

Inc

6,268,980

158,455

(a) Rivian

Automotive

Inc,

Class

A

2,039,316

90,404

Tractor

Supply

Co

5,148,508

596

Williams-Sonoma

Inc

111,482

TOTAL

CONSUMER

DISCRETIONARY

24,161,109

CONSUMER

STAPLES

-

8.8%

131,917

Archer-Daniels-Midland

Co

7,147,263

68,920

Bunge

Global

SA

5,497,059

62,657

Church

&

Dwight

Co

Inc

5,875,347

5,115

Clorox

Co/The

642,239

109,691

General

Mills

Inc

5,372,665

53,512

Kellanova

4,271,863

68,123

McCormick

&

Co

Inc/MD

4,811,528

1,859

The

Campbell's

Company

59,339

TOTAL

CONSUMER

STAPLES

33,677,303

ENERGY

-

2.4%

205,016

Baker

Hughes

Co

9,235,971

TOTAL

ENERGY

9,235,971

FINANCIALS

-

15.2%

258,356

Annaly

Capital

Management

Inc

5,252,378

6,957

Arch

Capital

Group

Ltd

598,719

29,123

Cboe

Global

Markets

Inc

7,019,808

28,287

Citizens

Financial

Group

Inc

1,349,856

83,624

Equitable

Holdings

Inc

4,294,092

8,146

Everest

Group

Ltd

2,735,427

48,061

Hartford

Insurance

Group

Inc/The

5,978,308

306,585

Huntington

Bancshares

Inc/OH

5,037,192

778

Jack

Henry

&

Associates

Inc

132,116

(a) Markel

Group

Inc

835,449

42,874

Nasdaq

Inc

4,125,336

18,585

Raymond

James

Financial

Inc

3,106,111

28,399

State

Street

Corp

3,173,588

29,281

Synchrony

Financial

2,040,007

50,789

T

Rowe

Price

Group

Inc

5,152,544

22,804

Willis

Towers

Watson

PLC

7,201,731

TOTAL

FINANCIALS

58,032,662

HEALTH

CARE

-

10.8%

10,015

Agilent

Technologies

Inc

1,149,822

238,921

(a) Avantor

Inc

3,211,098

23,016

(a) Biogen

Inc

2,946,048

49,665

Cardinal

Health

Inc

7,709,001

7,574

(a) Centene

Corp

197,454

18,087

Humana

Inc

4,519,399

21,747

Labcorp

Holdings

Inc

5,655,960

1,873

(a) Mettler-Toledo

International

Inc

2,310,682

10,166

Quest

Diagnostics

Inc

1,701,890

26,585

STERIS

PLC

6,021,237

25,414

West

Pharmaceutical

Services

Inc

6,080,554

TOTAL

HEALTH

CARE

41,503,145

Portfolio

of

Investments

July

31,

2025

(continued)

NUMV

SHARES

DESCRIPTION

VALUE

INDUSTRIALS

-

19.6%

25,672

Allegion

plc

$

4,259,498

23,961

Broadridge

Financial

Solutions

Inc

5,930,587

5,627

CH

Robinson

Worldwide

Inc

648,906

298,446

CNH

Industrial

NV

3,867,860

26,194

Expeditors

International

of

Washington

Inc

3,044,791

40,119

Ferguson

Enterprises

Inc

8,959,776

92,231

Fortive

Corp

4,420,632

3,827

Hubbell

Inc

1,674,236

550

IDEX

Corp

89,930

15,409

Jacobs

Solutions

Inc

2,186,075

23,497

JB

Hunt

Transport

Services

Inc

3,384,743

32,868

Owens

Corning

4,582,785

18,990

Pentair

PLC

1,940,778

67,386

TransUnion

6,414,473

11,760

United

Rentals

Inc

10,383,374

48,579

Veralto

Corp

5,092,537

56,417

Xylem

Inc/NY

8,159,027

TOTAL

INDUSTRIALS

75,040,008

INFORMATION

TECHNOLOGY

-

9.6%

12,328

(a) Akamai

Technologies

Inc

940,750

11,983

(a) F5

Inc

3,755,712

32,049

(a) First

Solar

Inc

5,599,922

312,629

Hewlett

Packard

Enterprise

Co

6,468,294

3,842

HP

Inc

95,281

25,512

(a) Keysight

Technologies

Inc

4,181,672

(a) MongoDB

Inc

78,028

1,883

NetApp

Inc

196,077

605

Seagate

Technology

Holdings

PLC

94,991

83,558

(a) Trimble

Inc

7,009,680

19,460

(a) Twilio

Inc,

Class

A

2,510,340

74,872

Western

Digital

Corp

5,891,678

TOTAL

INFORMATION

TECHNOLOGY

36,822,425

MATERIALS

-

7.0%

Avery

Dennison

Corp

59,055

103,428

Ball

Corp

5,922,287

27,682

Crown

Holdings

Inc

2,750,483

81,989

International

Paper

Co

3,832,166

3,978

Martin

Marietta

Materials

Inc

2,286,873

59,376

PPG

Industries

Inc

6,264,168

44,377

Steel

Dynamics

Inc

5,660,730

TOTAL

MATERIALS

26,775,762

REAL

ESTATE

-

10.6%

77,190

Alexandria

Real

Estate

Equities

Inc

5,899,632

28,402

AvalonBay

Communities

Inc

5,290,725

79,620

BXP

Inc

5,209,537

36,591

(a) CBRE

Group

Inc,

Class

A

5,698,682

85,870

Equity

Residential

5,426,984

163,945

Healthpeak

Properties

Inc

2,777,228

70,142

Iron

Mountain

Inc

6,829,025

29,064

Kimco

Realty

Corp

617,029

695

Regency

Centers

Corp

49,623

23,244

Ventas

Inc

1,561,532

20,521

WP

Carey

Inc

1,316,627

TOTAL

REAL

ESTATE

40,676,624

UTILITIES

-

6.6%

42,199

Atmos

Energy

Corp

6,579,668

177,387

CenterPoint

Energy

Inc

6,886,163

140,160

Essential

Utilities

Inc

5,157,888

Part

F

of

Form

N-PORT

was

prepared

in

accordance

with

U.S.

generally

accepted

accounting

principles

("U.S.

GAAP")

and

in

conformity

with

the

applicable

rules

and

regulations

of

the

U.S.

Securities

and

Exchange

Commission

("SEC")

related

to

interim

filings.

Part

F

of

Form

N-PORT

does

not

include

all

information

and

footnotes

required

by

U.S.

GAAP

for

complete

financial

statements.

Certain

footnote

disclosures

normally

included

in

financial

statements

prepared

in

accordance

with

U.S.

GAAP

have

been

condensed

or

omitted

from

this

report

pursuant

to

the

rules

of

the

SEC.

For

a

full

set

of

the

Fund's

notes

to

financial

statements,

please

refer

to

the

Fund's

most

recently

filed

annual

or

semi-annual

report.

Fair

Value

Measurements

The

Fund's

investments

in

securities

are

recorded

at

their

estimated

fair

value

utilizing

valuation

methods

approved

by

the

Board

of

Directors/

Trustees.

Fair

value

is

defined

as

the

price

that

would

be

received

upon

selling

an

investment

or

transferring

a

liability

in

an

orderly

transaction

to

an

independent

buyer

in

the

principal

or

most

advantageous

market

for

the

investment.

U.S.

GAAP

establishes

the

three-tier

hierarchy

which

is

used

to

maximize

the

use

of

observable

market

data

and

minimize

the

use

of

unobservable

inputs

and

to

establish

classification

of

fair

value

measurements

for

disclosure

purposes.

Observable

inputs

reflect

the

assumptions

market

participants

would

use

in

pricing

the

asset

or

liability.

Observable

inputs

are

based

on

market

data

obtained

from

sources

independent

of

the

reporting

entity.

Unobservable

inputs

reflect

management's

assumptions

about

the

assumptions

market

participants

would

use

in

pricing

the

asset

or

liability.

Unobservable

inputs

are

based

on

the

best

information

available

in

the

circumstances.

The

following

is

a

summary

of

the

three-tiered

hierarchy

of

valuation

input

levels.

Level

–

Inputs

are

unadjusted

and

prices

are

determined

using

quoted

prices

in

active

markets

for

identical

securities.

Level

–

Prices

are

determined

using

other

significant

observable

inputs

(including

quoted

prices

for

similar

securities,

interest

rates,

credit

spreads,

etc.).

Level

–

Prices

are

determined

using

significant

unobservable

inputs

(including

management's

assumptions

in

determining

the

fair

value

of

investments).

The

following

table

summarizes

the

market

value

of

the

Fund's

investments

as

of

the

end

of

the

reporting

period,

based

on

the

inputs

used

to

value

them:

SHARES

DESCRIPTION

VALUE

UTILITIES

(continued)

100,978

Eversource

Energy

$

6,674,646

TOTAL

UTILITIES

25,298,365

TOTAL

COMMON

STOCKS

(Cost

$362,620,487)

382,193,903

TOTAL

LONG-TERM

INVESTMENTS

(Cost

$362,620,487)

382,193,903

OTHER

ASSETS

&

LIABILITIES,

NET

-

0.2%

614,369

NET

ASSETS

-

100%

$

382,808,272

(a) Non-income

producing;

issuer

has

not

declared

an

ex-dividend

date

within

the

past

twelve

months.

NUMV

Level

Level

Level

Total

Long-Term

Investments:

Common

Stocks

$

382,193,903

$

–

$

–

$

382,193,903

Total

$

382,193,903

$

–

$

–

$

382,193,903

a

Portfolio

of

Investments

July

31,

2025

NUSC

(Unaudited)

SHARES

DESCRIPTION

VALUE

LONG-TERM

INVESTMENTS

-

99.9%

COMMON

STOCK

RIGHTS

-

0.0%

HEALTH

CARE

-

0.0%

26,689

(a) Bristol-Myers

Squibb

Co

$

18,682

23,934

(a) CinCor

Pharma

Inc

73,238

44,361

(a) Zimmer

Biomet

Holdings

Inc

3,993

TOTAL

HEALTH

CARE

95,913

TOTAL

COMMON

STOCK

RIGHTS

(Cost

$0)

95,913

SHARES

DESCRIPTION

VALUE

COMMON

STOCKS

-

99.9%

COMMUNICATION

SERVICES

-

3.5%

469,697

(b) AMC

Entertainment

Holdings

Inc,

Class

A

1,362,121

7,085

(b) Atlanta

Braves

Holdings

Inc,

Class

A

333,704

49,851

(b) Atlanta

Braves

Holdings

Inc,

Class

C

2,221,361

64,867

(b) Cars.com

Inc

834,838

114,583

Cinemark

Holdings

Inc

3,078,845

284,316

(b) Clear

Channel

Outdoor

Holdings

Inc

301,375

110,701

(b) DoubleVerify

Holdings

Inc

1,695,939

48,542

(b) Frontier

Communications

Parent

Inc

1,783,433

376,253

(b) fuboTV

Inc

1,497,487

138,299

(b) Gannett

Co

Inc

526,919

55,250

(b) Globalstar

Inc

1,297,823

71,909

(b) Gogo

Inc

1,140,477

14,148

(b) Ibotta

Inc,

Class

A

514,280

48,892

(b) IMAX

Corp

1,260,925

14,771

Interpublic

Group

of

Cos

Inc/The

363,367

11,477

Iridium

Communications

Inc

280,727

1,055,820

(b) Lumen

Technologies

Inc

4,698,399

153,613

(b) Magnite

Inc

3,534,635

25,096

Marcus

Corp/The

410,822

90,444

New

York

Times

Co/The,

Class

A

4,693,139

48,675

Paramount

Global,

Class

B

611,845

57,327

(b) QuinStreet

Inc

940,736

154,744

Sirius

XM

Holdings

Inc

3,268,193

14,991

TEGNA

Inc

250,350

157,965

(b) Vimeo

Inc

598,687

45,627

(b) Ziff

Davis

Inc

1,419,912

47,951

(b) ZoomInfo

Technologies

Inc

519,309

TOTAL

COMMUNICATION

SERVICES

39,439,648

CONSUMER

DISCRETIONARY

-

14.2%

37,751

(b) Abercrombie

&

Fitch

Co,

Class

A

3,624,851

361,355

ADT

Inc

3,017,314

43,471

Advance

Auto

Parts

Inc

2,307,006

212,011

Aramark

9,023,188

60,772

Arko

Corp

253,419

60,196

(b) Bright

Horizons

Family

Solutions

Inc

6,808,168

48,093

(b) Brinker

International

Inc

7,579,457

27,703

Camping

World

Holdings

Inc,

Class

A

383,410

125,034

(b) Capri

Holdings

Ltd

2,274,369

10,947

Carter's

Inc

265,355

149,224

(b) Coursera

Inc

1,886,191

50,792

(b) Crocs

Inc

5,065,486

29,432

(b) Dave

&

Buster's

Entertainment

Inc

860,592

15,585

(b) Five

Below

Inc

2,127,664

23,344

(b) Foot

Locker

Inc

584,534

77,525

(b) Frontdoor

Inc

4,535,213

389,037

(b) GameStop

Corp,

Class

A

8,733,881

43,950

Gap

Inc/The

855,267

102,433

(b) Global

Business

Travel

Group

I

658,644

SHARES

DESCRIPTION

VALUE

CONSUMER

DISCRETIONARY

(continued)

160,458

(b) Goodyear

Tire

&

Rubber

Co/The

1,649,508

6,578

Group

Automotive

Inc

2,711,123

323,299

(b) Hanesbrands

Inc

1,322,293

98,678

Harley-Davidson

Inc

2,400,836

79,146

Hasbro

Inc

5,948,613

24,427

(b) Helen

of

Troy

Ltd

536,905

66,678

(b) Hilton

Grand

Vacations

Inc

2,988,508

4,361

KB

Home

240,989

31,437

(b) KinderCare

Learning

Cos

Inc

302,110

22,707

Kohl's

Corp

246,144

18,455

Kontoor

Brands

Inc

1,027,205

26,968

LCI

Industries

2,561,960

58,186

Leggett

&

Platt

Inc

555,676

102,208

Levi

Strauss

&

Co,

Class

A

2,012,476

21,516

Lithia

Motors

Inc

6,196,608

1,323,931

(b),(c)

Lucid

Group

Inc

3,256,870

49,079

Macy's

Inc

619,868

21,321

(b) MarineMax

Inc

483,560

3,919

Marriott

Vacations

Worldwide

Corp

291,848

2,724

Meritage

Homes

Corp

183,434

54,219

(b) Modine

Manufacturing

Co

7,295,709

11,231

Murphy

USA

Inc

4,071,013

80,822

(b) National

Vision

Holdings

Inc

1,960,742

452,895

Newell

Brands

Inc

2,540,741

65,511

(b) Norwegian

Cruise

Line

Holdings

Ltd

1,674,461

14,163

Oxford

Industries

Inc

540,743

114,038

(b) Petco

Health

&

Wellness

Co

Inc

343,254

50,600

(b) Planet

Fitness

Inc

5,525,014

20,368

PVH

Corp

1,495,419

94,673

(b) RealReal

Inc/The

497,980

33,797

(b),(c)

Savers

Value

Village

Inc

351,827

74,713

Service

Corp

International/US

5,701,349

114,625

(b) Sonos

Inc

1,239,096

19,831

Standard

Motor

Products

Inc

602,069

47,267

(b) Stride

Inc

6,061,047

81,077

Tapestry

Inc

8,758,748

13,240

(b) TopBuild

Corp

4,904,493

147,348

(b) Topgolf

Callaway

Brands

Corp

1,362,969

5,598

(b) Tri

Pointe

Homes

Inc

172,418

28,713

Vail

Resorts

Inc

4,314,415

231,670

VF

Corp

2,715,172

76,857

(b) Victoria's

Secret

&

Co

1,444,912

17,573

(c) Whirlpool

Corp

1,459,262

29,998

Winnebago

Industries

Inc

891,541

8,074

(b) XPEL

Inc

263,939

TOTAL

CONSUMER

DISCRETIONARY

162,568,876

CONSUMER

STAPLES

-

4.0%

36,634

Andersons

Inc/The

1,315,893

20,656

Casey's

General

Stores

Inc

10,743,805

171,651

(b) Darling

Ingredients

Inc

5,558,059

9,479

Edgewell

Personal

Care

Co

239,155

50,140

(b) Freshpet

Inc

3,425,565

15,730

Ingredion

Inc

2,069,124

145,108

Lamb

Weston

Holdings

Inc

8,281,314

25,935

(b) Sprouts

Farmers

Market

Inc

3,930,190

66,006

(b) United

Natural

Foods

Inc

1,824,406

62,656

(b) US

Foods

Holding

Corp

5,221,125

38,910

(b) Vital

Farms

Inc

1,447,452

111,973

Walgreens

Boots

Alliance

Inc

1,303,366

1,845

Co

395,568

TOTAL

CONSUMER

STAPLES

45,755,022

Portfolio

of

Investments

July

31,

2025

(continued)

NUSC

SHARES

DESCRIPTION

VALUE

ENERGY

-

2.6%

181,385

Archrock

Inc

4,237,153

41,473

Core

Laboratories

Inc

453,715

66,431

Delek

US

Holdings

Inc

1,486,061

109,201

(b) Expro

Group

Holdings

NV

1,177,187

37,130

(b) Innovex

International

Inc

609,675

196,723

NOV

Inc

2,474,775

367,532

TechnipFMC

PLC

13,367,139

78,683

Weatherford

International

PLC

4,449,524

62,154

World

Kinect

Corp

1,694,939

TOTAL

ENERGY

29,950,168

FINANCIALS

-

18.4%

14,488

Affiliated

Managers

Group

Inc

3,040,597

993,740

AGNC

Investment

Corp

9,370,968

24,681

Ally

Financial

Inc

934,176

20,406

Amalgamated

Financial

Corp

591,570

189,932

(b) AvidXchange

Holdings

Inc

1,872,730

73,884

(b) Baldwin

Insurance

Group

Inc/The

2,721,887

154,337

Banc

of

California

Inc

2,240,973

49,503

(b) Bancorp

Inc/The

3,126,609

85,976

Bank

OZK

4,238,617

2,265

Banner

Corp

140,600

32,526

Berkshire

Hills

Bancorp

Inc

801,441

27,978

Bread

Financial

Holdings

Inc

1,715,051

11,994

Cadence

Bank

417,991

13,690

Cass

Information

Systems

Inc

547,737

9,046

Central

Pacific

Financial

Corp

241,166

111,476

Commerce

Bancshares

Inc/MO

6,822,322

20,789

Crawford

&

Co,

Class

A

198,951

29,428

(b) Donnelley

Financial

Solutions

Inc

1,558,507

119,640

East

West

Bancorp

Inc

11,993,910

24,231

(b) Encore

Capital

Group

Inc

893,639

12,574

Essent

Group

Ltd

704,018

111,248

First

American

Financial

Corp

6,680,442

176,309

First

BanCorp/Puerto

Rico

3,672,516

119,655

(b) Flywire

Corp

1,303,043

232,943

Franklin

Resources

Inc

5,590,632

43,401

Glacier

Bancorp

Inc

1,902,266

12,515

Globe

Life

Inc

1,757,982

130,716

HA

Sustainable

Infrastructure

Capital

Inc

3,394,695

33,053

Hanmi

Financial

Corp

753,939

23,415

Independent

Bank

Corp/MI

715,328

172,044

Invesco

Ltd

3,614,644

26,289

Invesco

Mortgage

Capital

Inc

198,482

78,191

Jackson

Financial

Inc,

Class

A

6,846,404

12,883

Kinsale

Capital

Group

Inc

5,677,409

62,479

KKR

Real

Estate

Finance

Trust

Inc

564,810

7,720

Lazard

Inc

401,286

112,582

Lincoln

National

Corp

4,290,500

14,542

MarketAxess

Holdings

Inc

2,988,381

53,915

MGIC

Investment

Corp

1,396,399

23,843

Morningstar

Inc

6,591,636

3,998

(b) NMI

Holdings

Inc

149,205

257,285

Old

National

Bancorp/IN

5,431,286

28,834

(b) Palomar

Holdings

Inc

3,820,217

25,869

Pathward

Financial

Inc

1,956,343

29,017

PennyMac

Financial

Services

Inc

2,702,643

23,917

PJT

Partners

Inc,

Class

A

4,272,055

39,051

(b) PRA

Group

Inc

593,575

11,939

Primerica

Inc

3,171,357

36,907

PROG

Holdings

Inc

1,175,119

11,205

Reinsurance

Group

of

America

Inc

2,156,402

5,291

Renasant

Corp

193,862

SHARES

DESCRIPTION

VALUE

FINANCIALS

(continued)

113,358

Ryan

Specialty

Holdings

Inc

6,936,376

136,189

SLM

Corp

4,330,810

52,778

SouthState

Corp

4,970,104

304,697

Starwood

Property

Trust

Inc

5,929,404

12,794

Stewart

Information

Services

Corp

830,714

44,574

Synovus

Financial

Corp

2,105,676

4,299

UMB

Financial

Corp

472,847

25,455

Unum

Group

1,827,924

457,920

Valley

National

Bancorp

4,244,918

47,154

Victory

Capital

Holdings

Inc,

Class

A

3,249,382

61,997

Voya

Financial

Inc

4,339,790

36,791

Walker

&

Dunlop

Inc

2,759,693

173,247

Webster

Financial

Corp

9,987,690

113,257

Western

Alliance

Bancorp

8,784,213

29,207

Western

Union

Co/The

235,116

35,287

(b) WEX

Inc

5,987,498

135,044

WisdomTree

Inc

1,792,034

62,326

Zions

Bancorp

NA

3,341,920

TOTAL

FINANCIALS

210,262,427

HEALTH

CARE

-

10.3%

112,050

(b) 89bio

Inc

1,064,475

84,062

(b) AdaptHealth

Corp

754,036

112,756

(b) Alignment

Healthcare

Inc

1,553,778

164,387

(b) Alkermes

PLC

4,354,612

126,215

(b) Alphatec

Holdings

Inc

1,335,355

16,548

(b) AMN

Healthcare

Services

Inc

303,490

152,772

(b) Arbutus

Biopharma

Corp

501,092

27,793

(b) Arrowhead

Pharmaceuticals

Inc

439,129

93,272

(b),(c)

Avadel

Pharmaceuticals

PLC

980,289

42,457

(b) Axogen

Inc

555,762

44,060

(b) Azenta

Inc

1,440,762

94,851

(b) Biohaven

Ltd

1,432,250

38,867

(b) Bioventus

Inc,

Class

A

253,413

70,129

(b) BrightSpring

Health

Services

Inc

1,448,164

111,232

(b) Brookdale

Senior

Living

Inc

862,048

28,045

Bruker

Corp

1,077,769

58,410

(b) CareDx

Inc

717,567

30,473

(b) Castle

Biosciences

Inc

461,666

125,499

(b) Catalyst

Pharmaceuticals

Inc

2,676,894

62,969

(b) Celldex

Therapeutics

Inc

1,384,059

26,987

(b) Charles

River

Laboratories

International

Inc

4,578,075

6,584

Chemed

Corp

2,714,583

81,552

(b) Crinetics

Pharmaceuticals

Inc

2,331,572

31,312

(b) Cross

Country

Healthcare

Inc

421,146

49,053

(b) Cytokinetics

Inc

1,846,355

214,758

(b) Elanco

Animal

Health

Inc

2,937,889

12,328

Embecta

Corp

125,252

26,243

(b) Enliven

Therapeutics

Inc

493,631

29,388

(b) Enovis

Corp

787,598

10,324

Ensign

Group

Inc/The

1,548,600

20,212

(b),(c)

Establishment

Labs

Holdings

Inc

847,994

86,763

(b) Exact

Sciences

Corp

4,073,523

98,642

(b) Fortrea

Holdings

Inc

566,205

557,554

(b) Geron

Corp

641,187

28,845

(b) Glaukos

Corp

2,483,266

6,789

(b) Guardant

Health

Inc

278,213

23,749

(b) Haemonetics

Corp

1,758,376

36,868

(b) HealthEquity

Inc

3,576,196

128,635

(b) Hims

&

Hers

Health

Inc

8,513,064

16,587

(b) ICU

Medical

Inc

2,129,937

1,870

(b) Integer

Holdings

Corp

202,914

36,427

(b) Integra

LifeSciences

Holdings

Corp

478,651

Portfolio

of

Investments

July

31,

2025

(continued)

NUSC

SHARES

DESCRIPTION

VALUE

VALUE

HEALTH

CARE

(continued)

8,604

(b) iRhythm

Technologies

Inc

$

1,206,109

16,867

(b) Jazz

Pharmaceuticals

PLC

1,933,464

47,085

(b) MannKind

Corp

177,981

52,413

(b) Merus

NV

3,471,837

5,826

Mesa

Laboratories

Inc

445,572

68,795

(b) Mind

Medicine

MindMed

Inc

625,347

199,300

(b) Moderna

Inc

5,891,308

23,759

(b) MoonLake

Immunotherapeutics

1,198,404

101,181

(b) Myriad

Genetics

Inc

388,535

134,401

(b) NeoGenomics

Inc

650,501

114,086

(b) Novocure

Ltd

1,319,975

47,937

(b) Omnicell

Inc

1,486,526

323,565

(b) OPKO

Health

Inc

414,163

120,959

Organon

&

Co

1,173,302

76,439

(b) Owens

&

Minor

Inc

529,722

18,234

(b) Pediatrix

Medical

Group

Inc

223,367

16,632

(b) Pennant

Group

Inc/The

368,731

5,475

(b) Penumbra

Inc

1,381,178

89,054

Perrigo

Co

PLC

2,375,070

21,751

Phibro

Animal

Health

Corp,

Class

A

576,402

48,382

(b) PROCEPT

BioRobotics

Corp

2,347,011

31,270

(b) Prothena

Corp

PLC

214,825

54,550

(b) QuidelOrtho

Corp

1,255,741

7,009

(b) RadNet

Inc

383,603

29,089

(b) Repligen

Corp

3,405,449

29,725

(b) Rocket

Pharmaceuticals

Inc

90,661

36,864

(b) RxSight

Inc

286,802

83,138

(b),(c)

Savara

Inc

215,327

9,821

(b) SI-BONE

Inc

167,252

114,247

(b) Sotera

Health

Co

1,312,698

38,756

(b),(c)

Spyre

Therapeutics

Inc

657,689

15,499

(b) STAAR

Surgical

Co

277,665

91,762

(b) Syndax

Pharmaceuticals

Inc

910,279

12,359

(b) Tourmaline

Bio

Inc

273,505

8,345

(b) UFP

Technologies

Inc

1,889,225

125,488

(b) Vaxcyte

Inc

4,260,318

85,019

(b) Veracyte

Inc

1,998,797

61,147

(b) Viridian

Therapeutics

Inc

1,071,295

50,136

(b) Waystar

Holding

Corp

1,854,029

69,753

(b) Xenon

Pharmaceuticals

Inc

2,130,257

TOTAL

HEALTH

CARE

117,770,759

INDUSTRIALS

-

19.2%

53,160

AAON

Inc

4,438,860

3,765

Acuity

Inc

1,172,233

1,953

AGCO

Corp

230,395

115,109

Air

Lease

Corp

6,377,039

11,869

Allison

Transmission

Holdings

Inc

1,069,041

16,037

Applied

Industrial

Technologies

Inc

4,354,046

1,675

Arcosa

Inc

143,849

89,960

(b) ATI

Inc

6,921,522

37,306

Atkore

Inc

2,873,308

12,826

AZZ

Inc

1,404,447

47,524

Brady

Corp

3,353,769

5,167

(b) CACI

International

Inc,

Class

A

2,379,765

340,616

(b) Clarivate

PLC

1,311,372

24,331

Comfort

Systems

USA

Inc

17,111,992

175,646

(b) Core

&

Main

Inc,

Class

A

11,178,112

32,408

Crane

Co

6,344,514

31,366

CSG

Systems

International

Inc

1,959,120

2,917

(b) Dayforce

Inc

168,223

119,070

(b) DNOW

Inc

1,852,729

10,746

Douglas

Dynamics

Inc

307,336

SHARES

DESCRIPTION

VALUE

VALUE

INDUSTRIALS

(continued)

58,511

(b) Energy

Recovery

Inc

$

786,973

58,291

Enerpac

Tool

Group

Corp

2,244,786

1,008

Enpro

Inc

214,109

50,643

(b) Everus

Construction

Group

Inc

3,760,749

175,609

(b) ExlService

Holdings

Inc

7,626,699

70,451

(b) First

Advantage

Corp

1,218,098

33,712

(b) FTI

Consulting

Inc

5,607,991

1,292

GATX

Corp

197,276

28,355

(b) Generac

Holdings

Inc

5,520,435

58,994

(b) Great

Lakes

Dredge

&

Dock

Corp

653,654

33,645

Greenbrier

Cos

Inc/The

1,530,848

29,220

Herc

Holdings

Inc

3,413,188

50,773

Hexcel

Corp

3,041,810

74,290

Hillenbrand

Inc

1,538,546

50,641

HNI

Corp

2,604,973

19,471

(b) Huron

Consulting

Group

Inc

2,571,730

62,842

Interface

Inc

1,295,802

22,224

JBT

Marel

Corp

3,062,467

72,798

KBR

Inc

3,402,579

96,294

(b) Kratos

Defense

&

Security

Solutions

Inc

5,652,458

6,308

Lindsay

Corp

861,105

11,516

McGrath

RentCorp

1,437,082

54,967

(b) Mercury

Systems

Inc

2,890,715

72,210

MillerKnoll

Inc

1,370,546

28,933

Moog

Inc,

Class

A

5,600,850

91,771

(b) MRC

Global

Inc

1,347,198

29,282

Mueller

Water

Products

Inc,

Class

A

725,022

2,941

(b) MYR

Group

Inc

569,084

82,194

(b) NEXTracker

Inc,

Class

A

4,788,622

65,589

nVent

Electric

PLC

5,143,489

103,238

(b) OPENLANE

Inc

2,543,784

189,678

Pitney

Bowes

Inc

2,154,742

43,772

Primoris

Services

Corp

4,122,009

11,274

(b) Resideo

Technologies

Inc

307,780

19,216

Robert

Half

Inc

709,263

8,533

Rush

Enterprises

Inc

463,427

64,081

Rush

Enterprises

Inc,

Class

A

3,469,345

96,343

(b) RXO

Inc

1,488,499

26,915

Ryder

System

Inc

4,783,065

14,247

(b) Saia

Inc

4,306,013

183,778

(b) Shoals

Technologies

Group

Inc,

Class

A

990,563

15,168

(b) SiteOne

Landscape

Supply

Inc

2,090,606

37,557

(b) SPX

Technologies

Inc

6,850,021

233,889

(b) Sunrun

Inc

2,399,701

17,778

TriNet

Group

Inc

1,205,526

19,743

Trinity

Industries

Inc

460,012

140,352

(b) Upwork

Inc

1,678,610

18,534

(b) V2X

Inc

878,141

20,156

Valmont

Industries

Inc

7,335,776

45,165

Wabash

National

Corp

449,843

12,219

WESCO

International

Inc

2,528,844

52,369

WillScot

Holdings

Corp

1,537,030

31,495

(b) WNS

Holdings

Ltd

2,355,511

17,944

Woodward

Inc

4,613,044

25,948

(b) XPO

Inc

3,121,285

TOTAL

INDUSTRIALS

218,472,996

INFORMATION

TECHNOLOGY

-

12.8%

114,162

(b) ACI

Worldwide

Inc

4,858,735

118,656

Adeia

Inc

1,536,595

17,161

Advanced

Energy

Industries

Inc

2,384,006

7,394

(b) Appfolio

Inc,

Class

A

1,977,008

111,928

(b) Arlo

Technologies

Inc

1,813,234

Portfolio

of

Investments

July

31,

2025

(continued)

NUSC

SHARES

DESCRIPTION

VALUE

VALUE

INFORMATION

TECHNOLOGY

(continued)

81,518

(b) Asana

Inc

$

1,196,684

31,855

Badger

Meter

Inc

6,012,950

30,738

Belden

Inc

3,800,754

38,367

Benchmark

Electronics

Inc

1,477,129

27,829

(b) BILL

Holdings

Inc

1,192,473

39,479

(b) Blackbaud

Inc

2,661,674

41,955

(b) Calix

Inc

2,378,429

30,351

(b) Ciena

Corp

2,817,787

55,097

(b) Cirrus

Logic

Inc

5,548,819

225,126

(b) CommScope

Holding

Co

Inc

1,846,033

38,166

(b) Commvault

Systems

Inc

7,249,632

74,957

(b) Confluent

Inc,

Class

A

1,328,613

33,667

Dolby

Laboratories

Inc,

Class

A

2,536,472

223,729

(b) D-Wave

Quantum

Inc

3,845,902

42,730

(b) DXC

Technology

Co

581,555

165,569

(b) E2open

Parent

Holdings

Inc

546,378

16,519

(b) Elastic

NV

1,382,640

70,078

(b) Enphase

Energy

Inc

2,267,724

28,871

(b) ePlus

Inc

1,870,263

34,008

(b) Gitlab

Inc,

Class

A

1,489,890

38,078

(b) Guidewire

Software

Inc

8,614,005

124,533

(b) Harmonic

Inc

1,059,776

23,369

(b) Insight

Enterprises

Inc

2,771,096

58,731

(b) Intapp

Inc

2,352,177

27,867

InterDigital

Inc

7,195,259

46,058

(b) Itron

Inc

5,736,063

43,282

(b) Knowles

Corp

879,057

129,422

(b) Lattice

Semiconductor

Corp

6,449,098

7,986

(b) Lumentum

Holdings

Inc

879,099

30,898

(b) Meridianlink

Inc

493,750

80,483

(b) N-able

Inc/US

650,303

141,301

(b) NCR

Voyix

Corp

1,924,520

29,371

(b) NETGEAR

Inc

682,876

80,270

(b) NextNav

Inc

1,187,193

27,521

(b) Novanta

Inc

3,385,633

28,633

(b) Onto

Innovation

Inc

2,712,977

43,965

(b) PAR

Technology

Corp

2,672,193

17,896

Pegasystems

Inc

1,050,674

29,155

(b) Plexus

Corp

3,717,262

120,931

(b) Procore

Technologies

Inc

8,662,288

17,246

(b) Q2

Holdings

Inc

1,400,375

74,535

(b) Rambus

Inc

5,510,373

92,952

(b) Ribbon

Communications

Inc

349,500

17,040

(b) Rogers

Corp

1,117,483

34,243

(b) Silicon

Laboratories

Inc

4,512,200

64,706

(b) SolarEdge

Technologies

Inc

1,660,356

27,348

(b) SPS

Commerce

Inc

2,977,240

12,076

(b) UiPath

Inc,

Class

A

141,893

133,967

Xerox

Holdings

Corp

542,566

TOTAL

INFORMATION

TECHNOLOGY

145,888,664

MATERIALS

-

5.1%

4,655

AptarGroup

Inc

731,487

99,259

Avient

Corp

3,133,607

233,516

(b) Axalta

Coating

Systems

Ltd

6,613,173

32,773

Balchem

Corp

4,996,899

41,287

Carpenter

Technology

Corp

10,296,565

20,926

Commercial

Metals

Co

1,085,222

37,872

(b) Compass

Minerals

International

Inc

754,789

140,490

(b) Constellium

SE

1,926,118

135,526

FMC

Corp

5,290,935

47,490

Graphic

Packaging

Holding

Co

1,061,876

57,646

HB

Fuller

Co

3,239,705

SHARES

DESCRIPTION

VALUE

VALUE

MATERIALS

(continued)

415,083

Hecla

Mining

Co

$

2,382,576

13,797

(b) Knife

River

Corp

1,137,977

21,883

Koppers

Holdings

Inc

719,075

55,843

Louisiana-Pacific

Corp

5,048,766

35,447

(b),(c)

Magnera

Corp

441,313

4,569

Minerals

Technologies

Inc

265,687

18,055

Royal

Gold

Inc

2,733,888

20,571

Ryerson

Holding

Corp

423,763

39,061

Sensient

Technologies

Corp

4,386,160

22,970

Stepan

Co

1,166,187

TOTAL

MATERIALS

57,835,768

REAL

ESTATE

-

6.5%

60,423

Armada

Hoffler

Properties

Inc

412,689

184,980

Brandywine

Realty

Trust

739,920

200,106

CareTrust

REIT

Inc

6,363,371

15,865

CBL

&

Associates

Properties

Inc

429,307

30,041

Community

Healthcare

Trust

Inc

461,730

74,980

CubeSmart

2,917,472

29,918

EastGroup

Properties

Inc

4,883,814

96,922

Empire

State

Realty

Trust

Inc,

Class

A

701,715

107,869

Essential

Properties

Realty

Trust

Inc

3,288,926

81,296

(c) eXp

World

Holdings

Inc

876,371

683,847

Host

Hotels

&

Resorts

Inc

10,750,075

12,609

(b) Jones

Lang

LaSalle

Inc

3,408,969

106,386

Kennedy-Wilson

Holdings

Inc

778,746

45,862

Kilroy

Realty

Corp

1,690,473

132,969

Macerich

Co/The

2,221,912

17,563

Outfront

Media

Inc

307,880

216,523

Park

Hotels

&

Resorts

Inc

2,308,135

127,016

Pebblebrook

Hotel

Trust

1,273,970

21,652

Piedmont

Realty

Trust

Inc

163,689

255,142

Rexford

Industrial

Realty

Inc

9,320,337

61,923

Ryman

Hospitality

Properties

Inc

5,886,400

70,828

Sabra

Health

Care

REIT

Inc

1,277,029

12,759

SL

Green

Realty

Corp

730,453

41,158

St

Joe

Co/The

2,078,479

204,905

Sunstone

Hotel

Investors

Inc

1,792,919

111,880

Terreno

Realty

Corp

6,208,221

268,908

Uniti

Group

Inc

1,430,591

108,487

Xenia

Hotels

&

Resorts

Inc

1,378,870

TOTAL

REAL

ESTATE

74,082,463

UTILITIES

-

3.3%

24,982

Chesapeake

Utilities

Corp

2,994,842

210,381

MDU

Resources

Group

Inc

3,629,072

108,945

New

Jersey

Resources

Corp

5,001,665

64,800

ONE

Gas

Inc

4,710,960

56,987

Ormat

Technologies

Inc

5,095,208

40,931

Southwest

Gas

Holdings

Inc

3,198,348

63,404

Spire

Inc

4,721,696

233,323

UGI

Corp

8,441,626

TOTAL

UTILITIES

37,793,417

TOTAL

COMMON

STOCKS

(Cost

$1,124,283,725)

1,139,820,208

TOTAL

LONG-TERM

INVESTMENTS

(Cost

$1,124,283,725)

1,139,916,121

Portfolio

of

Investments

July

31,

2025

(continued)

NUSC

Part

F

of

Form

N-PORT

was

prepared

in

accordance

with

U.S.

generally

accepted

accounting

principles

("U.S.

GAAP")

and

in

conformity

with

the

applicable

rules

and

regulations

of

the

U.S.

Securities

and

Exchange

Commission

("SEC")

related

to

interim

filings.

Part

F

of

Form

N-PORT

does

not

include

all

information

and

footnotes

required

by

U.S.

GAAP

for

complete

financial

statements.

Certain

footnote

disclosures

normally

included

in

financial

statements

prepared

in

accordance

with

U.S.

GAAP

have

been

condensed

or

omitted

from

this

report

pursuant

to

the

rules

of

the

SEC.

For

a

full

set

of

the

Fund's

notes

to

financial

statements,

please

refer

to

the

Fund's

most

recently

filed

annual

or

semi-annual

report.

Fair

Value

Measurements

The

Fund's

investments

in

securities

are

recorded

at

their

estimated

fair

value

utilizing

valuation

methods

approved

by

the

Board

of

Directors/

Trustees.

Fair

value

is

defined

as

the

price

that

would

be

received

upon

selling

an

investment

or

transferring

a

liability

in

an

orderly

transaction

to

an

independent

buyer

in

the

principal

or

most

advantageous

market

for

the

investment.

U.S.

GAAP

establishes

the

three-tier

hierarchy

which

is

used

to

maximize

the

use

of

observable

market

data

and

minimize

the

use

of

unobservable

inputs

and

to

establish

classification

of

fair

value

measurements

for

disclosure

purposes.

Observable

inputs

reflect

the

assumptions

market

participants

would

use

in

pricing

the

asset

or

liability.

Observable

inputs

are

based

on

market

data

obtained

from

sources

independent

of

the

reporting

entity.

Unobservable

inputs

reflect

management's

assumptions

about

the

assumptions

market

participants

would

use

in

pricing

the

asset

or

liability.

Unobservable

inputs

are

based

on

the

best

information

available

in

the

circumstances.

The

following

is

a

summary

of

the

three-tiered

hierarchy

of

valuation

input

levels.

Level

–

Inputs

are

unadjusted

and

prices

are

determined

using

quoted

prices

in

active

markets

for

identical

securities.

Level

–

Prices

are

determined

using

other

significant

observable

inputs

(including

quoted

prices

for

similar

securities,

interest

rates,

credit

spreads,

etc.).

Level

–

Prices

are

determined

using

significant

unobservable

inputs

(including

management's

assumptions

in

determining

the

fair

value

of

investments).

The

following

table

summarizes

the

market

value

of

the

Fund's

investments

as

of

the

end

of

the

reporting

period,

based

on

the

inputs

used

to

value

them:

SHARES

DESCRIPTION

RATE

VALUE

INVESTMENTS

PURCHASED

WITH

COLLATERAL

FROM

SECURITIES

LENDING

-

0.2%

2,627,298

(d) State

Street

Navigator

Securities

Lending

Government

Money

Market

Portfolio

4.320 %

(e) $

2,627,298

TOTAL

INVESTMENTS

PURCHASED

WITH

COLLATERAL

FROM

SECURITIES

LENDING

(Cost

$2,627,298)

$

2,627,298

TOTAL

INVESTMENTS

-

100.1%

(Cost

$

1,126,911,023)

1,142,543,419

OTHER

ASSETS

&

LIABILITIES,

NET

-

(0.1)%

(1,663,694)

NET

ASSETS

-

100%

$

1,140,879,725

REIT

Real

Estate

Investment

Trust

(a) For

fair

value

measurement

disclosure

purposes,

investment

classified

as

Level

3. (b) Non-income

producing;

issuer

has

not

declared

an

ex-dividend

date

within

the

past

twelve

months.

(c) Investment,

or

a

portion

of

investment,

is

out

on

loan

for

securities

lending.

The

total

value

of

the

securities

out

on

loan

as

of

the

end

of

the

reporting

period

was

$2,529,879.

(d) The

Fund

may

loan

securities

representing

up

to

one

third

of

the

value

of

its

total

assets

(which

includes

collateral

for

securities

on

loan)

to

broker

dealers,

banks,

and

other

institutions.

The

collateral

maintained

by

the

Fund

shall

have

a

value,

at

the

inception

of

each

loan,

equal

to

not

less

than

100%

of

the

value

of

the

loaned

securities.

The

cash

collateral

received

by

the

Fund

is

invested

in

this

money

market

fund.

(e) The

rate

shown

is

the

one-day

yield

as

of

the

end

of

the

reporting

period.

NUSC

Level

Level

Level

Total

Long-Term

Investments:

Common

Stock

Rights

$

–

$

–

$

95,913

$

95,913

Common

Stocks

1,139,820,208

–

–

1,139,820,208

Investments

Purchased

with

Collateral

from

Securities

Lending

2,627,298

–

–

2,627,298

Total

$

1,142,447,506

$

–

$

95,913

$

1,142,543,419

a

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** NuShares ETF Trust

- **b. Investment Company Act file number:** 811-23161

- **c. CIK number of Registrant:** 0001635073

- **d. LEI of Registrant:** 549300UWO63YZ5POLH71

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

  - **Street Address 1:** 333 W. Wacker Dr

  - **City:** Chicago

  - **State:** IL

  - **Foreign country:** US

  - **Zip / Postal Code:** 60606

  - **Telephone number:** 312-917-7700

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

- **a. Name of Series:** Nuveen ESG Small-Cap ETF

- **b. EDGAR series identifier (if any):** S000055815

- **c. LEI of Series:** 549300T7N6LQJ3QY4W14

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

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

- **b. Date as of which information is reported:** 2025-07-31

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $1141211351.00

**Total Liabilities:** $331626.00

**Net Assets:** $1140879725.00

**Cash Not Reported:** $1015352.00

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000175727 | 5.49%                | 3.32%                | 0.81%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $1515017.91              | $55347294.50                               |
| Month 2  | $-13286325.85            | $48157297.00                               |
| Month 3  | $1175189.63              | $7845162.66                                |

### Schedule of Portfolio Investments

| Name                                         | Title                                                                       | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Mueller Water Products Inc                   | Mueller Water Products Inc                                                  | CUSIP: 624758108<br>LEI: 549300F7ZU4P1F8V8L60 | Long             | EC               | CORP              | US        |     29282 | NS      | $725022.32    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Myriad Genetics Inc                          | Myriad Genetics Inc                                                         | CUSIP: 62855J104<br>LEI: 52990044IHUOUMETT163 | Long             | EC               | CORP              | US        |    101181 | NS      | $388535.04    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Amalgamated Financial Corp                   | Amalgamated Financial Corp                                                  | CUSIP: 022671101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     20406 | NS      | $591569.94    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Ciena Corp                                   | Ciena Corp                                                                  | CUSIP: 171779309<br>LEI: W0CZ7N0GH8UIGXDM1H41 | Long             | EC               | CORP              | US        |     30351 | NS      | $2817786.84   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Sotera Health Co                             | Sotera Health Co                                                            | CUSIP: 83601L102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    114247 | NS      | $1312698.03   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Vaxcyte Inc                                  | Vaxcyte Inc                                                                 | CUSIP: 92243G108<br>LEI: 254900M7NMHTGASX8D95 | Long             | EC               | CORP              | US        |    125488 | NS      | $4260317.60   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Norwegian Cruise Line Holdings Ltd           | Norwegian Cruise Line Holdings Ltd                                          | CUSIP: G66721104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     65511 | NS      | $1674461.16   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Expro Group Holdings NV                      | Expro Group Holdings NV                                                     | CUSIP: N3144W105<br>LEI: 724500LJYA8QIT73H017 | Long             | EC               | CORP              | US        |    109201 | NS      | $1177186.78   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Penumbra Inc                                 | Penumbra Inc                                                                | CUSIP: 70975L107<br>LEI: 549300RGE06P3ECANU72 | Long             | EC               | CORP              | US        |      5475 | NS      | $1381178.25   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| New Jersey Resources Corp                    | New Jersey Resources Corp                                                   | CUSIP: 646025106<br>LEI: 549300QKBSQBIX4DQ583 | Long             | EC               | CORP              | US        |    108945 | NS      | $5001664.95   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Syndax Pharmaceuticals Inc                   | Syndax Pharmaceuticals Inc                                                  | CUSIP: 87164F105<br>LEI: 529900OF94TRHKZVBS87 | Long             | EC               | CORP              | US        |     91762 | NS      | $910279.04    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Organon & Co                                 | Organon & Co                                                                | CUSIP: 68622V106<br>LEI: 549300AMCKY57OK2CO56 | Long             | EC               | CORP              | US        |    120959 | NS      | $1173302.30   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Newell Brands Inc                            | Newell Brands Inc                                                           | CUSIP: 651229106<br>LEI: 549300LWGYFM1TVO1Z12 | Long             | EC               | CORP              | US        |    452895 | NS      | $2540740.95   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| NeoGenomics Inc                              | NeoGenomics Inc                                                             | CUSIP: 64049M209<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    134401 | NS      | $650500.84    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| St Joe Co/The                                | St Joe Co/The                                                               | CUSIP: 790148100<br>LEI: 529900XVHOT3BF8PWG49 | Long             | EC               | CORP              | US        |     41158 | NS      | $2078479.00   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Flywire Corp                                 | Flywire Corp                                                                | CUSIP: 302492103<br>LEI: 54930055DSV7NNY4VY66 | Long             | EC               | CORP              | US        |    119655 | NS      | $1303042.95   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| NextNav Inc                                  | NextNav Inc                                                                 | CUSIP: 65345N106<br>LEI: 549300X9CM76JRB02P70 | Long             | EC               | CORP              | US        |     80270 | NS      | $1187193.30   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Kratos Defense & Security Solutions Inc      | Kratos Defense & Security Solutions Inc                                     | CUSIP: 50077B207<br>LEI: 5493000EKBN0UY1F3F88 | Long             | EC               | CORP              | US        |     96294 | NS      | $5652457.80   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| AdaptHealth Corp                             | AdaptHealth Corp                                                            | CUSIP: 00653Q102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     84062 | NS      | $754036.14    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| NCR Voyix Corp                               | NCR Voyix Corp                                                              | CUSIP: 62886E108<br>LEI: 549300YKTY8JX1DV2R67 | Long             | EC               | CORP              | US        |    141301 | NS      | $1924519.62   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Haemonetics Corp                             | Haemonetics Corp                                                            | CUSIP: 405024100<br>LEI: 549300ZEL6TXZS6F5F95 | Long             | EC               | CORP              | US        |     23749 | NS      | $1758375.96   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Bristol-Myers Squibb Co                      | Bristol-Myers Squibb Co                                                     | CUSIP: 604CVR027<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | EC               | CORP              | US        |     26689 | NC      | $18682.30     | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Savara Inc                                   | Savara Inc                                                                  | CUSIP: 805111101<br>LEI: 5493002JO0WM3YMJXG33 | Long             | EC               | CORP              | US        |     83138 | NS      | $215327.42    | 0.02%             |  |  |  | No            |                  1 | On Loan: —       |
| Zions Bancorp NA                             | Zions Bancorp NA                                                            | CUSIP: 989701107<br>LEI: 8WH0EE09O9V05QJZ3V89 | Long             | EC               | CORP              | US        |     62326 | NS      | $3341920.12   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| MarineMax Inc                                | MarineMax Inc                                                               | CUSIP: 567908108<br>LEI: 254900TIXTN8WY3FNN63 | Long             | EC               | CORP              | US        |     21321 | NS      | $483560.28    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Carpenter Technology Corp                    | Carpenter Technology Corp                                                   | CUSIP: 144285103<br>LEI: DX6I6ZD3X5WNNCDJKP85 | Long             | EC               | CORP              | US        |     41287 | NS      | $10296564.93  | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Guidewire Software Inc                       | Guidewire Software Inc                                                      | CUSIP: 40171V100<br>LEI: 549300WXSG0J8IXZCK32 | Long             | EC               | CORP              | US        |     38078 | NS      | $8614005.16   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Petco Health & Wellness Co Inc               | Petco Health & Wellness Co Inc                                              | CUSIP: 71601V105<br>LEI: 2549007TYGV6RVSE9M61 | Long             | EC               | CORP              | US        |    114038 | NS      | $343254.38    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| MannKind Corp                                | MannKind Corp                                                               | CUSIP: 56400P706<br>LEI: 213800GFBCNY1ZFST722 | Long             | EC               | CORP              | US        |     47085 | NS      | $177981.30    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Mercury Systems Inc                          | Mercury Systems Inc                                                         | CUSIP: 589378108<br>LEI: 549300P3B84SGK7HH679 | Long             | EC               | CORP              | US        |     54967 | NS      | $2890714.53   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Pitney Bowes Inc                             | Pitney Bowes Inc                                                            | CUSIP: 724479100<br>LEI: 549300N2O26NW4ST6W55 | Long             | EC               | CORP              | US        |    189678 | NS      | $2154742.08   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Knowles Corp                                 | Knowles Corp                                                                | CUSIP: 49926D109<br>LEI: 5493003EO323TDZQU148 | Long             | EC               | CORP              | US        |     43282 | NS      | $879057.42    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Brandywine Realty Trust                      | Brandywine Realty Trust                                                     | CUSIP: 105368203<br>LEI: 5UZ46ZCYUFYYAC0DS831 | Long             | EC               | CORP              | US        |    184980 | NS      | $739920.00    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Waystar Holding Corp                         | Waystar Holding Corp                                                        | CUSIP: 946784105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     50136 | NS      | $1854029.28   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Clear Channel Outdoor Holdings Inc           | Clear Channel Outdoor Holdings Inc                                          | CUSIP: 18453H106<br>LEI: 254900XBEE6V1ENYS150 | Long             | EC               | CORP              | US        |    284316 | NS      | $301374.96    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Air Lease Corp                               | Air Lease Corp                                                              | CUSIP: 00912X302<br>LEI: 5493004NW4M4P8TMMK63 | Long             | EC               | CORP              | US        |    115109 | NS      | $6377038.60   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Geron Corp                                   | Geron Corp                                                                  | CUSIP: 374163103<br>LEI: 549300T282D7Z2YESL90 | Long             | EC               | CORP              | US        |    557554 | NS      | $641187.10    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| PJT Partners Inc                             | PJT Partners Inc                                                            | CUSIP: 69343T107<br>LEI: 549300W3WBEQUBKYTN87 | Long             | EC               | CORP              | US        |     23917 | NS      | $4272054.54   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Allison Transmission Holdings Inc            | Allison Transmission Holdings Inc                                           | CUSIP: 01973R101<br>LEI: 529900RP7DJ882LI9T83 | Long             | EC               | CORP              | US        |     11869 | NS      | $1069040.83   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Woodward Inc                                 | Woodward Inc                                                                | CUSIP: 980745103<br>LEI: YPYKXXTR8TFDH54ZMB45 | Long             | EC               | CORP              | US        |     17944 | NS      | $4613043.52   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| N-able Inc/US                                | N-able Inc/US                                                               | CUSIP: 62878D100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     80483 | NS      | $650302.64    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Harmonic Inc                                 | Harmonic Inc                                                                | CUSIP: 413160102<br>LEI: 549300LRGRD8XC9BTL66 | Long             | EC               | CORP              | US        |    124533 | NS      | $1059775.83   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Sunrun Inc                                   | Sunrun Inc                                                                  | CUSIP: 86771W105<br>LEI: 54930007SJ77CI66U531 | Long             | EC               | CORP              | US        |    233889 | NS      | $2399701.14   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Graphic Packaging Holding Co                 | Graphic Packaging Holding Co                                                | CUSIP: 388689101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     47490 | NS      | $1061876.40   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Essential Properties Realty Trust Inc        | Essential Properties Realty Trust Inc                                       | CUSIP: 29670E107<br>LEI: 2549009LXQLVYCGLZO50 | Long             | EC               | CORP              | US        |    107869 | NS      | $3288925.81   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Southwest Gas Holdings Inc                   | Southwest Gas Holdings Inc                                                  | CUSIP: 844895102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     40931 | NS      | $3198348.34   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Dayforce Inc                                 | Dayforce Inc                                                                | CUSIP: 15677J108<br>LEI: 549300T64GVCHFJ8L449 | Long             | EC               | CORP              | US        |      2917 | NS      | $168223.39    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Macy's Inc                                   | Macy's Inc                                                                  | CUSIP: 55616P104<br>LEI: 529900NZQ81TIOW3CW52 | Long             | EC               | CORP              | US        |     49079 | NS      | $619867.77    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Azenta Inc                                   | Azenta Inc                                                                  | CUSIP: 114340102<br>LEI: 35ZN6X1ANPH25YN32Y17 | Long             | EC               | CORP              | US        |     44060 | NS      | $1440762.00   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Ziff Davis Inc                               | Ziff Davis Inc                                                              | CUSIP: 48123V102<br>LEI: 5493008OJYGLHD7MXA18 | Long             | EC               | CORP              | US        |     45627 | NS      | $1419912.24   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| ADT Inc                                      | ADT Inc                                                                     | CUSIP: 00090Q103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    361355 | NS      | $3017314.25   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| AMN Healthcare Services Inc                  | AMN Healthcare Services Inc                                                 | CUSIP: 001744101<br>LEI: 529900W3ARRTCNFH2I39 | Long             | EC               | CORP              | US        |     16548 | NS      | $303490.32    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Edgewell Personal Care Co                    | Edgewell Personal Care Co                                                   | CUSIP: 28035Q102<br>LEI: 549300CY8QZDL4Z3RU59 | Long             | EC               | CORP              | US        |      9479 | NS      | $239155.17    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| UiPath Inc                                   | UiPath Inc                                                                  | CUSIP: 90364P105<br>LEI: 5493000YP61KBELDHT53 | Long             | EC               | CORP              | US        |     12076 | NS      | $141893.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Planet Fitness Inc                           | Planet Fitness Inc                                                          | CUSIP: 72703H101<br>LEI: 549300LLE5HUPF6H8G33 | Long             | EC               | CORP              | US        |     50600 | NS      | $5525014.00   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Establishment Labs Holdings Inc              | Establishment Labs Holdings Inc                                             | CUSIP: G31249108<br>LEI: 549300BCBQ714JNJ7V58 | Long             | EC               | CORP              | US        |     20212 | NS      | $847994.46    | 0.07%             |  |  |  | No            |                  1 | On Loan: —       |
| Voya Financial Inc                           | Voya Financial Inc                                                          | CUSIP: 929089100<br>LEI: 549300T065Z4KJ686G75 | Long             | EC               | CORP              | US        |     61997 | NS      | $4339790.00   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| KB Home                                      | KB Home                                                                     | CUSIP: 48666K109<br>LEI: 549300LGUCWQURMWLG09 | Long             | EC               | CORP              | US        |      4361 | NS      | $240988.86    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Invesco Mortgage Capital Inc                 | Invesco Mortgage Capital Inc                                                | CUSIP: 46131B704<br>LEI: PV3BDP2HFZL2FNXQBL39 | Long             | EC               | CORP              | US        |     26289 | NS      | $198481.95    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Primoris Services Corp                       | Primoris Services Corp                                                      | CUSIP: 74164F103<br>LEI: 549300UF3OLBJ8D5K349 | Long             | EC               | CORP              | US        |     43772 | NS      | $4122009.24   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Cars.com Inc                                 | Cars.com Inc                                                                | CUSIP: 14575E105<br>LEI: 5493002G6J07LNGX4M98 | Long             | EC               | CORP              | US        |     64867 | NS      | $834838.29    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| AGNC Investment Corp                         | AGNC Investment Corp                                                        | CUSIP: 00123Q104<br>LEI: 5TRACI5HRMELWV32OF39 | Long             | EC               | CORP              | US        |    993740 | NS      | $9370968.20   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| AMC Entertainment Holdings Inc               | AMC Entertainment Holdings Inc                                              | CUSIP: 00165C302<br>LEI: 549300ZO77UNR6NRBR11 | Long             | EC               | CORP              | US        |    469697 | NS      | $1362121.30   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Hanesbrands Inc                              | Hanesbrands Inc                                                             | CUSIP: 410345102<br>LEI: GX5LWVWZLL5S4W1L2F20 | Long             | EC               | CORP              | US        |    323299 | NS      | $1322292.91   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| AvidXchange Holdings Inc                     | AvidXchange Holdings Inc                                                    | CUSIP: 05368X102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    189932 | NS      | $1872729.52   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Shoals Technologies Group Inc                | Shoals Technologies Group Inc                                               | CUSIP: 82489W107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    183778 | NS      | $990563.42    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Castle Biosciences Inc                       | Castle Biosciences Inc                                                      | CUSIP: 14843C105<br>LEI: 2549007M2Q4HLR1XD252 | Long             | EC               | CORP              | US        |     30473 | NS      | $461665.95    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| V2X Inc                                      | V2X Inc                                                                     | CUSIP: 92242T101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     18534 | NS      | $878140.92    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Aramark                                      | Aramark                                                                     | CUSIP: 03852U106<br>LEI: 549300MR6PG2DWZUIL39 | Long             | EC               | CORP              | US        |    212011 | NS      | $9023188.16   | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Everus Construction Group Inc                | Everus Construction Group Inc                                               | CUSIP: 300426103<br>LEI: 2549006JMMHR0KILT425 | Long             | EC               | CORP              | US        |     50643 | NS      | $3760749.18   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| InterDigital Inc                             | InterDigital Inc                                                            | CUSIP: 45867G101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     27867 | NS      | $7195259.40   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| XPEL Inc                                     | XPEL Inc                                                                    | CUSIP: 98379L100<br>LEI: 549300KWSE3IGXLJNW66 | Long             | EC               | CORP              | US        |      8074 | NS      | $263939.06    | 0.02%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Alkermes PLC                                 | Alkermes PLC                                                                | CUSIP: G01767105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    164387 | NS      | $4354611.63   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Terreno Realty Corp                          | Terreno Realty Corp                                                         | CUSIP: 88146M101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    111880 | NS      | $6208221.20   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Valley National Bancorp                      | Valley National Bancorp                                                     | CUSIP: 919794107<br>LEI: 549300ET52S1UBIB9762 | Long             | EC               | CORP              | US        |    457920 | NS      | $4244918.40   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Rexford Industrial Realty Inc                | Rexford Industrial Realty Inc                                               | CUSIP: 76169C100<br>LEI: 549300MSLO0DF0EMX355 | Long             | EC               | CORP              | US        |    255142 | NS      | $9320337.26   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| iRhythm Technologies Inc                     | iRhythm Technologies Inc                                                    | CUSIP: 450056106<br>LEI: 549300FJI72RJGDQS384 | Long             | EC               | CORP              | US        |      8604 | NS      | $1206108.72   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Hilton Grand Vacations Inc                   | Hilton Grand Vacations Inc                                                  | CUSIP: 43283X105<br>LEI: 549300O9K6MFD8D07574 | Long             | EC               | CORP              | US        |     66678 | NS      | $2988507.96   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Interface Inc                                | Interface Inc                                                               | CUSIP: 458665304<br>LEI: 549300VXZWQOIDFPU355 | Long             | EC               | CORP              | US        |     62842 | NS      | $1295802.04   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| SolarEdge Technologies Inc                   | SolarEdge Technologies Inc                                                  | CUSIP: 83417M104<br>LEI: 5493000K6Y58XXPDF853 | Long             | EC               | CORP              | US        |     64706 | NS      | $1660355.96   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Embecta Corp                                 | Embecta Corp                                                                | CUSIP: 29082K105<br>LEI: 549300RPG8GXVDHNXZ62 | Long             | EC               | CORP              | US        |     12328 | NS      | $125252.48    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Koppers Holdings Inc                         | Koppers Holdings Inc                                                        | CUSIP: 50060P106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     21883 | NS      | $719075.38    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Guardant Health Inc                          | Guardant Health Inc                                                         | CUSIP: 40131M109<br>LEI: 254900M8C3E5VC8BR186 | Long             | EC               | CORP              | US        |      6789 | NS      | $278213.22    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Energy Recovery Inc                          | Energy Recovery Inc                                                         | CUSIP: 29270J100<br>LEI: 549300ZEQL52Z525WJ22 | Long             | EC               | CORP              | US        |     58511 | NS      | $786972.95    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Central Pacific Financial Corp               | Central Pacific Financial Corp                                              | CUSIP: 154760409<br>LEI: 549300W3YEAOZ4KGG849 | Long             | EC               | CORP              | US        |      9046 | NS      | $241166.36    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Crinetics Pharmaceuticals Inc                | Crinetics Pharmaceuticals Inc                                               | CUSIP: 22663K107<br>LEI: 549300Q1CNFXK5P31D28 | Long             | EC               | CORP              | US        |     81552 | NS      | $2331571.68   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Gogo Inc                                     | Gogo Inc                                                                    | CUSIP: 38046C109<br>LEI: 549300VL3DIHSFHYTO04 | Long             | EC               | CORP              | US        |     71909 | NS      | $1140476.74   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Ormat Technologies Inc                       | Ormat Technologies Inc                                                      | CUSIP: 686688102<br>LEI: 5493000TSHHWY24VHM09 | Long             | EC               | CORP              | US        |     56987 | NS      | $5095207.67   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| HealthEquity Inc                             | HealthEquity Inc                                                            | CUSIP: 42226A107<br>LEI: 529900LRJU1RAFQHM467 | Long             | EC               | CORP              | US        |     36868 | NS      | $3576196.00   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Jazz Pharmaceuticals PLC                     | Jazz Pharmaceuticals PLC                                                    | CUSIP: G50871105<br>LEI: 635400GAUMJCLEZRRV50 | Long             | EC               | CORP              | US        |     16867 | NS      | $1933464.21   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Webster Financial Corp                       | Webster Financial Corp                                                      | CUSIP: 947890109<br>LEI: KMRURHT0VWKYS6Z5KU67 | Long             | EC               | CORP              | US        |    173247 | NS      | $9987689.55   | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Avient Corp                                  | Avient Corp                                                                 | CUSIP: 05368V106<br>LEI: SM8L9RZYIB34LNTWO040 | Long             | EC               | CORP              | US        |     99259 | NS      | $3133606.63   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Enliven Therapeutics Inc                     | Enliven Therapeutics Inc                                                    | CUSIP: 29337E102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     26243 | NS      | $493630.83    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Innovex International Inc                    | Innovex International Inc                                                   | CUSIP: 457651107<br>LEI: 5299007REICYIJNMW197 | Long             | EC               | CORP              | US        |     37130 | NS      | $609674.60    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Rogers Corp                                  | Rogers Corp                                                                 | CUSIP: 775133101<br>LEI: PW0CN80KNFR7RUOOKJ84 | Long             | EC               | CORP              | US        |     17040 | NS      | $1117483.20   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Jones Lang LaSalle Inc                       | Jones Lang LaSalle Inc                                                      | CUSIP: 48020Q107<br>LEI: 6SYKCME112RT8TQUO411 | Long             | EC               | CORP              | US        |     12609 | NS      | $3408969.24   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| United Natural Foods Inc                     | United Natural Foods Inc                                                    | CUSIP: 911163103<br>LEI: 549300GKGW6WPZ282D40 | Long             | EC               | CORP              | US        |     66006 | NS      | $1824405.84   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Axogen Inc                                   | Axogen Inc                                                                  | CUSIP: 05463X106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     42457 | NS      | $555762.13    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| MRC Global Inc                               | MRC Global Inc                                                              | CUSIP: 55345K103<br>LEI: 529900TSBPOLCLI2L582 | Long             | EC               | CORP              | US        |     91771 | NS      | $1347198.28   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Renasant Corp                                | Renasant Corp                                                               | CUSIP: 75970E107<br>LEI: 549300OVE6OZHW2UUH81 | Long             | EC               | CORP              | US        |      5291 | NS      | $193862.24    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Applied Industrial Technologies Inc          | Applied Industrial Technologies Inc                                         | CUSIP: 03820C105<br>LEI: 549300NU173IJRC6PO38 | Long             | EC               | CORP              | US        |     16037 | NS      | $4354045.50   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| QuinStreet Inc                               | QuinStreet Inc                                                              | CUSIP: 74874Q100<br>LEI: 549300TP8MFBFPOS4Y78 | Long             | EC               | CORP              | US        |     57327 | NS      | $940736.07    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Fortrea Holdings Inc                         | Fortrea Holdings Inc                                                        | CUSIP: 34965K107<br>LEI: 5493000FIVFABOVCDU97 | Long             | EC               | CORP              | US        |     98642 | NS      | $566205.08    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Sabra Health Care REIT Inc                   | Sabra Health Care REIT Inc                                                  | CUSIP: 78573L106<br>LEI: 549300E3BC7GU7TAZ621 | Long             | EC               | CORP              | US        |     70828 | NS      | $1277028.84   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Intapp Inc                                   | Intapp Inc                                                                  | CUSIP: 45827U109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     58731 | NS      | $2352176.55   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Merus NV                                     | Merus NV                                                                    | CUSIP: N5749R100<br>LEI: 549300W8GPUWU8QNU293 | Long             | EC               | CORP              | US        |     52413 | NS      | $3471837.12   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Crawford & Co                                | Crawford & Co                                                               | CUSIP: 224633206<br>LEI: 7TZZFJ2GPOGLWIKIXY82 | Long             | EC               | CORP              | US        |     20789 | NS      | $198950.73    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Xenon Pharmaceuticals Inc                    | Xenon Pharmaceuticals Inc                                                   | CUSIP: 98420N105<br>LEI: 549300XV44Q9Z1MIPQ03 | Long             | EC               | CORP              | US        |     69753 | NS      | $2130256.62   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Ingredion Inc                                | Ingredion Inc                                                               | CUSIP: 457187102<br>LEI: PKSTQ48QDN0XSVS7YK88 | Long             | EC               | CORP              | US        |     15730 | NS      | $2069124.20   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Badger Meter Inc                             | Badger Meter Inc                                                            | CUSIP: 056525108<br>LEI: 5493002JENE20OGTUG20 | Long             | EC               | CORP              | US        |     31855 | NS      | $6012949.80   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| MYR Group Inc                                | MYR Group Inc                                                               | CUSIP: 55405W104<br>LEI: 529900G1IMMZHOQ17I54 | Long             | EC               | CORP              | US        |      2941 | NS      | $569083.50    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Lumen Technologies Inc                       | Lumen Technologies Inc                                                      | CUSIP: 550241103<br>LEI: 8M3THTGWLTYZVE6BBY25 | Long             | EC               | CORP              | US        |   1055820 | NS      | $4698399.00   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Blackbaud Inc                                | Blackbaud Inc                                                               | CUSIP: 09227Q100<br>LEI: 54930056X3HKFMNG3754 | Long             | EC               | CORP              | US        |     39479 | NS      | $2661674.18   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| SouthState Corp                              | SouthState Corp                                                             | CUSIP: 840441109<br>LEI: 549300JZUANXM0YQ4W53 | Long             | EC               | CORP              | US        |     52778 | NS      | $4970104.26   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| JBT Marel Corp                               | JBT Marel Corp                                                              | CUSIP: 477839104<br>LEI: 5493007CT6ATBZ2L6826 | Long             | EC               | CORP              | US        |     22224 | NS      | $3062467.20   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Sonos Inc                                    | Sonos Inc                                                                   | CUSIP: 83570H108<br>LEI: 549300WEPU6075I77M08 | Long             | EC               | CORP              | US        |    114625 | NS      | $1239096.25   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Cytokinetics Inc                             | Cytokinetics Inc                                                            | CUSIP: 23282W605<br>LEI: 549300BE5DY1HW7IHA64 | Long             | EC               | CORP              | US        |     49053 | NS      | $1846354.92   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| WEX Inc                                      | WEX Inc                                                                     | CUSIP: 96208T104<br>LEI: T9M5IGROL1TL1G5OV478 | Long             | EC               | CORP              | US        |     35287 | NS      | $5987498.16   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Five Below Inc                               | Five Below Inc                                                              | CUSIP: 33829M101<br>LEI: 529900AAXP5Z6BGI7418 | Long             | EC               | CORP              | US        |     15585 | NS      | $2127664.20   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| PennyMac Financial Services Inc              | PennyMac Financial Services Inc                                             | CUSIP: 70932M107<br>LEI: 549300W1D516HBDEU871 | Long             | EC               | CORP              | US        |     29017 | NS      | $2702643.38   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Paramount Global                             | Paramount Global                                                            | CUSIP: 92556H206<br>LEI: 5KYC8KF17ROCY24M3H09 | Long             | EC               | CORP              | US        |     48675 | NS      | $611844.75    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Lucid Group Inc                              | Lucid Group Inc                                                             | CUSIP: 549498103<br>LEI: 529900MRL9Z13ZCRVD74 | Long             | EC               | CORP              | US        |   1323931 | NS      | $3256870.26   | 0.29%             |  |  |  | No            |                  1 | On Loan: —       |
| Belden Inc                                   | Belden Inc                                                                  | CUSIP: 077454106<br>LEI: 68BKYO1JC791TTJHUE82 | Long             | EC               | CORP              | US        |     30738 | NS      | $3800753.70   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| New York Times Co/The                        | New York Times Co/The                                                       | CUSIP: 650111107<br>LEI: 529900J1WEMMIW7BOH57 | Long             | EC               | CORP              | US        |     90444 | NS      | $4693139.16   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Iridium Communications Inc                   | Iridium Communications Inc                                                  | CUSIP: 46269C102<br>LEI: 549300U620NVQ4J1CT96 | Long             | EC               | CORP              | US        |     11477 | NS      | $280727.42    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Walker & Dunlop Inc                          | Walker & Dunlop Inc                                                         | CUSIP: 93148P102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     36791 | NS      | $2759692.91   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Ibotta Inc                                   | Ibotta Inc                                                                  | CUSIP: 451051106<br>LEI: 54930026OZD4IQ7YR615 | Long             | EC               | CORP              | US        |     14148 | NS      | $514279.80    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Dolby Laboratories Inc                       | Dolby Laboratories Inc                                                      | CUSIP: 25659T107<br>LEI: 549300X04FB2QPCJ5J24 | Long             | EC               | CORP              | US        |     33667 | NS      | $2536471.78   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Great Lakes Dredge & Dock Corp               | Great Lakes Dredge & Dock Corp                                              | CUSIP: 390607109<br>LEI: 549300H65E3MZ1CX0P05 | Long             | EC               | CORP              | US        |     58994 | NS      | $653653.52    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| UFP Technologies Inc                         | UFP Technologies Inc                                                        | CUSIP: 902673102<br>LEI: 549300RJ8LY41HS70C91 | Long             | EC               | CORP              | US        |      8345 | NS      | $1889224.55   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Service Corp International/US                | Service Corp International/US                                               | CUSIP: 817565104<br>LEI: 549300RKVM2ME20JHZ15 | Long             | EC               | CORP              | US        |     74713 | NS      | $5701349.03   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Gannett Co Inc                               | Gannett Co Inc                                                              | CUSIP: 36472T109<br>LEI: 549300JQ2PU0RI3ZBA32 | Long             | EC               | CORP              | US        |    138299 | NS      | $526919.19    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Park Hotels & Resorts Inc                    | Park Hotels & Resorts Inc                                                   | CUSIP: 700517105<br>LEI: 5493005UZ5TQN0H6HS73 | Long             | EC               | CORP              | US        |    216523 | NS      | $2308135.18   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| NOV Inc                                      | NOV Inc                                                                     | CUSIP: 62955J103<br>LEI: 549300EHF3IW1AR6U008 | Long             | EC               | CORP              | US        |    196723 | NS      | $2474775.34   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Coursera Inc                                 | Coursera Inc                                                                | CUSIP: 22266M104<br>LEI: 984500573CA1QB7DAC30 | Long             | EC               | CORP              | US        |    149224 | NS      | $1886191.36   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Spire Inc                                    | Spire Inc                                                                   | CUSIP: 84857L101<br>LEI: 549300NXSY15DRY2R511 | Long             | EC               | CORP              | US        |     63404 | NS      | $4721695.88   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| CareTrust REIT Inc                           | CareTrust REIT Inc                                                          | CUSIP: 14174T107<br>LEI: 5493001NVXE2B9GPLU96 | Long             | EC               | CORP              | US        |    200106 | NS      | $6363370.80   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Freshpet Inc                                 | Freshpet Inc                                                                | CUSIP: 358039105<br>LEI: 549300S4ZK8ZQ6HNPN59 | Long             | EC               | CORP              | US        |     50140 | NS      | $3425564.80   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Valmont Industries Inc                       | Valmont Industries Inc                                                      | CUSIP: 920253101<br>LEI: 5493009ZGZJJ8F77JN08 | Long             | EC               | CORP              | US        |     20156 | NS      | $7335776.20   | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Resideo Technologies Inc                     | Resideo Technologies Inc                                                    | CUSIP: 76118Y104<br>LEI: 5493006TKFPYISY2DS54 | Long             | EC               | CORP              | US        |     11274 | NS      | $307780.20    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| MillerKnoll Inc                              | MillerKnoll Inc                                                             | CUSIP: 600544100<br>LEI: U98HXD3PNK7HYU2MU887 | Long             | EC               | CORP              | US        |     72210 | NS      | $1370545.80   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Crane Co                                     | Crane Co                                                                    | CUSIP: 224408104<br>LEI: 5493000CQRQOTHUODL75 | Long             | EC               | CORP              | US        |     32408 | NS      | $6344514.16   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Victory Capital Holdings Inc                 | Victory Capital Holdings Inc                                                | CUSIP: 92645B103<br>LEI: 549300BN5LH2CIPPHS71 | Long             | EC               | CORP              | US        |     47154 | NS      | $3249382.14   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Donnelley Financial Solutions Inc            | Donnelley Financial Solutions Inc                                           | CUSIP: 25787G100<br>LEI: 549300O1NPY4J56QCU04 | Long             | EC               | CORP              | US        |     29428 | NS      | $1558506.88   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| EastGroup Properties Inc                     | EastGroup Properties Inc                                                    | CUSIP: 277276101<br>LEI: 31TIGQQZC4P6JMHKSW85 | Long             | EC               | CORP              | US        |     29918 | NS      | $4883814.32   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Affiliated Managers Group Inc                | Affiliated Managers Group Inc                                               | CUSIP: 008252108<br>LEI: 2JE75BUE3T1BLCYYGK54 | Long             | EC               | CORP              | US        |     14488 | NS      | $3040596.56   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Community Healthcare Trust Inc               | Community Healthcare Trust Inc                                              | CUSIP: 20369C106<br>LEI: 549300FATSRCMKOV9536 | Long             | EC               | CORP              | US        |     30041 | NS      | $461730.17    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Victoria's Secret & Co                       | Victoria's Secret & Co                                                      | CUSIP: 926400102<br>LEI: 5493006T3O70U3UWVF17 | Long             | EC               | CORP              | US        |     76857 | NS      | $1444911.60   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Frontier Communications Parent Inc           | Frontier Communications Parent Inc                                          | CUSIP: 35909D109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     48542 | NS      | $1783433.08   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Kontoor Brands Inc                           | Kontoor Brands Inc                                                          | CUSIP: 50050N103<br>LEI: 549300M0CPXV65RFF271 | Long             | EC               | CORP              | US        |     18455 | NS      | $1027205.30   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| GameStop Corp                                | GameStop Corp                                                               | CUSIP: 36467W109<br>LEI: 549300505KLOET039L77 | Long             | EC               | CORP              | US        |    389037 | NS      | $8733880.65   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Hillenbrand Inc                              | Hillenbrand Inc                                                             | CUSIP: 431571108<br>LEI: U246OE781574J2BUD366 | Long             | EC               | CORP              | US        |     74290 | NS      | $1538545.90   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Armada Hoffler Properties Inc                | Armada Hoffler Properties Inc                                               | CUSIP: 04208T108<br>LEI: 549300WQRSIV6XZT9313 | Long             | EC               | CORP              | US        |     60423 | NS      | $412689.09    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Ribbon Communications Inc                    | Ribbon Communications Inc                                                   | CUSIP: 762544104<br>LEI: 549300L1E8Z8RL7CUL52 | Long             | EC               | CORP              | US        |     92952 | NS      | $349499.52    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Vail Resorts Inc                             | Vail Resorts Inc                                                            | CUSIP: 91879Q109<br>LEI: 529900PSZHRNU9HKH870 | Long             | EC               | CORP              | US        |     28713 | NS      | $4314415.38   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Avadel Pharmaceuticals PLC                   | Avadel Pharmaceuticals PLC                                                  | CUSIP: G29687103<br>LEI: 549300E27PTSG2RHC762 | Long             | EC               | CORP              | US        |     93272 | NS      | $980288.72    | 0.09%             |  |  |  | No            |                  1 | On Loan: —       |
| LCI Industries                               | LCI Industries                                                              | CUSIP: 50189K103<br>LEI: 549300E1B98YNJ1WIQ04 | Long             | EC               | CORP              | US        |     26968 | NS      | $2561960.00   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Kilroy Realty Corp                           | Kilroy Realty Corp                                                          | CUSIP: 49427F108<br>LEI: 549300CXXI18B214UN80 | Long             | EC               | CORP              | US        |     45862 | NS      | $1690473.32   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Vimeo Inc                                    | Vimeo Inc                                                                   | CUSIP: 92719V100<br>LEI: 25490061AWYWC90UIJ68 | Long             | EC               | CORP              | US        |    157965 | NS      | $598687.35    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Global Business Travel Group I               | Global Business Travel Group I                                              | CUSIP: 37890B100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    102433 | NS      | $658644.19    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Knife River Corp                             | Knife River Corp                                                            | CUSIP: 498894104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     13797 | NS      | $1137976.56   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Louisiana-Pacific Corp                       | Louisiana-Pacific Corp                                                      | CUSIP: 546347105<br>LEI: 549300C7E2UAO5BVRR75 | Long             | EC               | CORP              | US        |     55843 | NS      | $5048765.63   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Archrock Inc                                 | Archrock Inc                                                                | CUSIP: 03957W106<br>LEI: 549300K3RIHMHDVFTL28 | Long             | EC               | CORP              | US        |    181385 | NS      | $4237153.60   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| National Vision Holdings Inc                 | National Vision Holdings Inc                                                | CUSIP: 63845R107<br>LEI: 549300JHURCBLI5ROA42 | Long             | EC               | CORP              | US        |     80822 | NS      | $1960741.72   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| GATX Corp                                    | GATX Corp                                                                   | CUSIP: 361448103<br>LEI: 549300IHYHCQP2PIR591 | Long             | EC               | CORP              | US        |      1292 | NS      | $197275.48    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| MarketAxess Holdings Inc                     | MarketAxess Holdings Inc                                                    | CUSIP: 57060D108<br>LEI: 5493002U1CA1XJOVID83 | Long             | EC               | CORP              | US        |     14542 | NS      | $2988381.00   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Brookdale Senior Living Inc                  | Brookdale Senior Living Inc                                                 | CUSIP: 112463104<br>LEI: LH7MQB13NWY7CJ9VC445 | Long             | EC               | CORP              | US        |    111232 | NS      | $862048.00    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| AAON Inc                                     | AAON Inc                                                                    | CUSIP: 000360206<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     53160 | NS      | $4438860.00   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Encore Capital Group Inc                     | Encore Capital Group Inc                                                    | CUSIP: 292554102<br>LEI: 5493000UVC6H49CIH830 | Long             | EC               | CORP              | US        |     24231 | NS      | $893639.28    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| WESCO International Inc                      | WESCO International Inc                                                     | CUSIP: 95082P105<br>LEI: 529900TXOGREY3WNJ434 | Long             | EC               | CORP              | US        |     12219 | NS      | $2528844.24   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Moderna Inc                                  | Moderna Inc                                                                 | CUSIP: 60770K107<br>LEI: 549300EI6OKH5K5Q2G38 | Long             | EC               | CORP              | US        |    199300 | NS      | $5891308.00   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Hasbro Inc                                   | Hasbro Inc                                                                  | CUSIP: 418056107<br>LEI: 549300NUB6D2R1ITYR45 | Long             | EC               | CORP              | US        |     79146 | NS      | $5948613.36   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| 89bio Inc                                    | 89bio Inc                                                                   | CUSIP: 282559103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    112050 | NS      | $1064475.00   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| OPENLANE Inc                                 | OPENLANE Inc                                                                | CUSIP: 48238T109<br>LEI: 5493004HKD20LBSG7D03 | Long             | EC               | CORP              | US        |    103238 | NS      | $2543784.32   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| SiteOne Landscape Supply Inc                 | SiteOne Landscape Supply Inc                                                | CUSIP: 82982L103<br>LEI: 5299008LX7SBD4HIAU03 | Long             | EC               | CORP              | US        |     15168 | NS      | $2090605.44   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| AZZ Inc                                      | AZZ Inc                                                                     | CUSIP: 002474104<br>LEI: 549300HD1X2NFLWPYC83 | Long             | EC               | CORP              | US        |     12826 | NS      | $1404447.00   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Xerox Holdings Corp                          | Xerox Holdings Corp                                                         | CUSIP: 98421M106<br>LEI: 5493000Y33XDVO2CXC18 | Long             | EC               | CORP              | US        |    133967 | NS      | $542566.35    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Leggett & Platt Inc                          | Leggett & Platt Inc                                                         | CUSIP: 524660107<br>LEI: DKOVQUCDW4ZLYCUD4T55 | Long             | EC               | CORP              | US        |     58186 | NS      | $555676.30    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Xenia Hotels & Resorts Inc                   | Xenia Hotels & Resorts Inc                                                  | CUSIP: 984017103<br>LEI: 54930075IWIPHF5IQL62 | Long             | EC               | CORP              | US        |    108487 | NS      | $1378869.77   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Bread Financial Holdings Inc                 | Bread Financial Holdings Inc                                                | CUSIP: 018581108<br>LEI: 549300G8S4PO686J7H97 | Long             | EC               | CORP              | US        |     27978 | NS      | $1715051.40   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Acuity Inc                                   | Acuity Inc                                                                  | CUSIP: 00508Y102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3765 | NS      | $1172232.75   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphatec Holdings Inc                        | Alphatec Holdings Inc                                                       | CUSIP: 02081G201<br>LEI: 549300EZE8CQ8K65FS24 | Long             | EC               | CORP              | US        |    126215 | NS      | $1335354.70   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| DoubleVerify Holdings Inc                    | DoubleVerify Holdings Inc                                                   | CUSIP: 25862V105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    110701 | NS      | $1695939.32   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Capri Holdings Ltd                           | Capri Holdings Ltd                                                          | CUSIP: G1890L107<br>LEI: 549300LPG8W0H1OX3A26 | Long             | EC               | CORP              | US        |    125034 | NS      | $2274368.46   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Phibro Animal Health Corp                    | Phibro Animal Health Corp                                                   | CUSIP: 71742Q106<br>LEI: 549300U24SP4AF2JUX52 | Long             | EC               | CORP              | US        |     21751 | NS      | $576401.50    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Cross Country Healthcare Inc                 | Cross Country Healthcare Inc                                                | CUSIP: 227483104<br>LEI: 54930037L0NBIPZ5S663 | Long             | EC               | CORP              | US        |     31312 | NS      | $421146.40    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Compass Minerals International Inc           | Compass Minerals International Inc                                          | CUSIP: 20451N101<br>LEI: 2549008X9G8XP7YJGC47 | Long             | EC               | CORP              | US        |     37872 | NS      | $754788.96    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Novanta Inc                                  | Novanta Inc                                                                 | CUSIP: 67000B104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     27521 | NS      | $3385633.42   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Q2 Holdings Inc                              | Q2 Holdings Inc                                                             | CUSIP: 74736L109<br>LEI: 549300M9RKR9DZXWS696 | Long             | EC               | CORP              | US        |     17246 | NS      | $1400375.20   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| NETGEAR Inc                                  | NETGEAR Inc                                                                 | CUSIP: 64111Q104<br>LEI: 54930067KX3UNRHDWA78 | Long             | EC               | CORP              | US        |     29371 | NS      | $682875.75    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Levi Strauss & Co                            | Levi Strauss & Co                                                           | CUSIP: 52736R102<br>LEI: MB0UERO0RDFKU8258G77 | Long             | EC               | CORP              | US        |    102208 | NS      | $2012475.52   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Integra LifeSciences Holdings Corp           | Integra LifeSciences Holdings Corp                                          | CUSIP: 457985208<br>LEI: WB7IJCYY8YFTENS4O147 | Long             | EC               | CORP              | US        |     36427 | NS      | $478650.78    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Glacier Bancorp Inc                          | Glacier Bancorp Inc                                                         | CUSIP: 37637Q105<br>LEI: 549300SMJAUKZB5D7V74 | Long             | EC               | CORP              | US        |     43401 | NS      | $1902265.83   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| PROCEPT BioRobotics Corp                     | PROCEPT BioRobotics Corp                                                    | CUSIP: 74276L105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     48382 | NS      | $2347010.82   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| WNS Holdings Ltd                             | WNS Holdings Ltd                                                            | CUSIP: G98196101<br>LEI: 529900RM7QHUD3W9DM42 | Long             | EC               | CORP              | US        |     31495 | NS      | $2355511.05   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Meritage Homes Corp                          | Meritage Homes Corp                                                         | CUSIP: 59001A102<br>LEI: 52990044W9UMFJO2FB97 | Long             | EC               | CORP              | US        |      2724 | NS      | $183434.16    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Saia Inc                                     | Saia Inc                                                                    | CUSIP: 78709Y105<br>LEI: 549300WNPG4N9GBOYB29 | Long             | EC               | CORP              | US        |     14247 | NS      | $4306013.28   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Modine Manufacturing Co                      | Modine Manufacturing Co                                                     | CUSIP: 607828100<br>LEI: Z35SZFYJR8GZZRSIUU09 | Long             | EC               | CORP              | US        |     54219 | NS      | $7295708.64   | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| First Advantage Corp                         | First Advantage Corp                                                        | CUSIP: 31846B108<br>LEI: 549300RNJ0PXU8FP7D06 | Long             | EC               | CORP              | US        |     70451 | NS      | $1218097.79   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Abercrombie & Fitch Co                       | Abercrombie & Fitch Co                                                      | CUSIP: 002896207<br>LEI: 5493000J7LL72TOGT983 | Long             | EC               | CORP              | US        |     37751 | NS      | $3624851.02   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| ONE Gas Inc                                  | ONE Gas Inc                                                                 | CUSIP: 68235P108<br>LEI: 549300HXDWI0LATTX840 | Long             | EC               | CORP              | US        |     64800 | NS      | $4710960.00   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Primerica Inc                                | Primerica Inc                                                               | CUSIP: 74164M108<br>LEI: 254900621R686KJR7022 | Long             | EC               | CORP              | US        |     11939 | NS      | $3171356.57   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Celldex Therapeutics Inc                     | Celldex Therapeutics Inc                                                    | CUSIP: 15117B202<br>LEI: 529900F018DMYWH38923 | Long             | EC               | CORP              | US        |     62969 | NS      | $1384058.62   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| KKR Real Estate Finance Trust Inc            | KKR Real Estate Finance Trust Inc                                           | CUSIP: 48251K100<br>LEI: 549300K23AYZDZ2REL62 | Long             | EC               | CORP              | US        |     62479 | NS      | $564810.16    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Exact Sciences Corp                          | Exact Sciences Corp                                                         | CUSIP: 30063P105<br>LEI: 549300VM3X1FYD4N9Z14 | Long             | EC               | CORP              | US        |     86763 | NS      | $4073522.85   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Vital Farms Inc                              | Vital Farms Inc                                                             | CUSIP: 92847W103<br>LEI: 549300S6NYY7ER3XOT61 | Long             | EC               | CORP              | US        |     38910 | NS      | $1447452.00   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Mesa Laboratories Inc                        | Mesa Laboratories Inc                                                       | CUSIP: 59064R109<br>LEI: 549300ZCG738WLX8ZW79 | Long             | EC               | CORP              | US        |      5826 | NS      | $445572.48    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Calix Inc                                    | Calix Inc                                                                   | CUSIP: 13100M509<br>LEI: 5299002RQRZ4SXSCSJ58 | Long             | EC               | CORP              | US        |     41955 | NS      | $2378428.95   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Robert Half Inc                              | Robert Half Inc                                                             | CUSIP: 770323103<br>LEI: 529900VPCUY9H3HLIC08 | Long             | EC               | CORP              | US        |     19216 | NS      | $709262.56    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Wabash National Corp                         | Wabash National Corp                                                        | CUSIP: 929566107<br>LEI: 5299004ZAWHQZI5XO485 | Long             | EC               | CORP              | US        |     45165 | NS      | $449843.40    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Arbutus Biopharma Corp                       | Arbutus Biopharma Corp                                                      | CUSIP: 03879J100<br>LEI: 25490064CESONAUIAS23 | Long             | EC               | CORP              | US        |    152772 | NS      | $501092.16    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| WD-40 Co                                     | WD-40 Co                                                                    | CUSIP: 929236107<br>LEI: 549300UZHTN0CNKBOB19 | Long             | EC               | CORP              | US        |      1845 | NS      | $395568.00    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Herc Holdings Inc                            | Herc Holdings Inc                                                           | CUSIP: 42704L104<br>LEI: 549300TP80QLITMSBP82 | Long             | EC               | CORP              | US        |     29220 | NS      | $3413188.20   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Balchem Corp                                 | Balchem Corp                                                                | CUSIP: 057665200<br>LEI: 549300VR70OPMHUI3557 | Long             | EC               | CORP              | US        |     32773 | NS      | $4996899.31   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Prothena Corp PLC                            | Prothena Corp PLC                                                           | CUSIP: G72800108<br>LEI: 5299009ZXQ8NIIJ8OL30 | Long             | EC               | CORP              | US        |     31270 | NS      | $214824.90    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Adeia Inc                                    | Adeia Inc                                                                   | CUSIP: 00676P107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    118656 | NS      | $1536595.20   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| E2open Parent Holdings Inc                   | E2open Parent Holdings Inc                                                  | CUSIP: 29788T103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    165569 | NS      | $546377.70    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Arrowhead Pharmaceuticals Inc                | Arrowhead Pharmaceuticals Inc                                               | CUSIP: 04280A100<br>LEI: 549300O3CSB8T7OZ3D66 | Long             | EC               | CORP              | US        |     27793 | NS      | $439129.40    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Trinity Industries Inc                       | Trinity Industries Inc                                                      | CUSIP: 896522109<br>LEI: R1JB4KXN77XFCXOQKV49 | Long             | EC               | CORP              | US        |     19743 | NS      | $460011.90    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Whirlpool Corp                               | Whirlpool Corp                                                              | CUSIP: 963320106<br>LEI: WHENKOULSSK7WUM60H03 | Long             | EC               | CORP              | US        |     17573 | NS      | $1459261.92   | 0.13%             |  |  |  | No            |                  1 | On Loan: —       |
| Enerpac Tool Group Corp                      | Enerpac Tool Group Corp                                                     | CUSIP: 292765104<br>LEI: IZW37BPZKUJE1QXGB081 | Long             | EC               | CORP              | US        |     58291 | NS      | $2244786.41   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| SPS Commerce Inc                             | SPS Commerce Inc                                                            | CUSIP: 78463M107<br>LEI: 2549006XVF9GCCETDQ72 | Long             | EC               | CORP              | US        |     27348 | NS      | $2977240.02   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Cinemark Holdings Inc                        | Cinemark Holdings Inc                                                       | CUSIP: 17243V102<br>LEI: 549300LL2QMPTYIE0K55 | Long             | EC               | CORP              | US        |    114583 | NS      | $3078845.21   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Bioventus Inc                                | Bioventus Inc                                                               | CUSIP: 09075A108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     38867 | NS      | $253412.84    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Stride Inc                                   | Stride Inc                                                                  | CUSIP: 86333M108<br>LEI: 254900BRWS3AFONWU277 | Long             | EC               | CORP              | US        |     47267 | NS      | $6061047.41   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Berkshire Hills Bancorp Inc                  | Berkshire Hills Bancorp Inc                                                 | CUSIP: 084680107<br>LEI: 549300AS2OC6UMMBNO37 | Long             | EC               | CORP              | US        |     32526 | NS      | $801440.64    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Mind Medicine MindMed Inc                    | Mind Medicine MindMed Inc                                                   | CUSIP: 60255C885<br>LEI: 549300QY8KN1O6RPFJ13 | Long             | EC               | CORP              | US        |     68795 | NS      | $625346.55    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Tourmaline Bio Inc                           | Tourmaline Bio Inc                                                          | CUSIP: 89157D105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     12359 | NS      | $273504.67    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| AptarGroup Inc                               | AptarGroup Inc                                                              | CUSIP: 038336103<br>LEI: VNPEQDQFAA7IY1T2PX43 | Long             | EC               | CORP              | US        |      4655 | NS      | $731486.70    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Insight Enterprises Inc                      | Insight Enterprises Inc                                                     | CUSIP: 45765U103<br>LEI: 529900S8991TYW6YP792 | Long             | EC               | CORP              | US        |     23369 | NS      | $2771096.02   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Lazard Inc                                   | Lazard Inc                                                                  | CUSIP: 52110M109<br>LEI: 254900RIBCDJSUFG1A11 | Long             | EC               | CORP              | US        |      7720 | NS      | $401285.60    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Marriott Vacations Worldwide Corp            | Marriott Vacations Worldwide Corp                                           | CUSIP: 57164Y107<br>LEI: 549300WA6BT5H4F7IO94 | Long             | EC               | CORP              | US        |      3919 | NS      | $291847.93    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Enpro Inc                                    | Enpro Inc                                                                   | CUSIP: 29355X107<br>LEI: 549300Y5CFT2LKCFDN54 | Long             | EC               | CORP              | US        |      1008 | NS      | $214109.28    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Reinsurance Group of America Inc             | Reinsurance Group of America Inc                                            | CUSIP: 759351604<br>LEI: LORM1GNEU1DKEW527V90 | Long             | EC               | CORP              | US        |     11205 | NS      | $2156402.25   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Darling Ingredients Inc                      | Darling Ingredients Inc                                                     | CUSIP: 237266101<br>LEI: L1N0SPPKS7EXZYUMZ898 | Long             | EC               | CORP              | US        |    171651 | NS      | $5558059.38   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Alignment Healthcare Inc                     | Alignment Healthcare Inc                                                    | CUSIP: 01625V104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    112756 | NS      | $1553777.68   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Lithia Motors Inc                            | Lithia Motors Inc                                                           | CUSIP: 536797103<br>LEI: SE8N1EZEHPZQBCBVKD53 | Long             | EC               | CORP              | US        |     21516 | NS      | $6196608.00   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Western Union Co/The                         | Western Union Co/The                                                        | CUSIP: 959802109<br>LEI: 28ID94QU1140NC23S047 | Long             | EC               | CORP              | US        |     29207 | NS      | $235116.35    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Lumentum Holdings Inc                        | Lumentum Holdings Inc                                                       | CUSIP: 55024U109<br>LEI: 549300JLWRRC38DWEF52 | Long             | EC               | CORP              | US        |      7986 | NS      | $879098.88    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| CareDx Inc                                   | CareDx Inc                                                                  | CUSIP: 14167L103<br>LEI: 549300NQOFKL9NON0U06 | Long             | EC               | CORP              | US        |     58410 | NS      | $717566.85    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Palomar Holdings Inc                         | Palomar Holdings Inc                                                        | CUSIP: 69753M105<br>LEI: 549300DOI1MUW11BLX74 | Long             | EC               | CORP              | US        |     28834 | NS      | $3820216.66   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Generac Holdings Inc                         | Generac Holdings Inc                                                        | CUSIP: 368736104<br>LEI: 529900S2H2AHJHSFFI84 | Long             | EC               | CORP              | US        |     28355 | NS      | $5520434.95   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| UMB Financial Corp                           | UMB Financial Corp                                                          | CUSIP: 902788108<br>LEI: 549300MGEH3N3CUCV828 | Long             | EC               | CORP              | US        |      4299 | NS      | $472847.01    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Zimmer Biomet Holdings Inc                   | Zimmer Biomet Holdings Inc                                                  | CUSIP: 609CVR022<br>LEI: 2P2YLDVPES3BXQ1FRB91 | Long             | EC               | CORP              | US        |     44361 | NC      | $3992.49      | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Stewart Information Services Corp            | Stewart Information Services Corp                                           | CUSIP: 860372101<br>LEI: 529900TV1XI0PLKENU10 | Long             | EC               | CORP              | US        |     12794 | NS      | $830714.42    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Rambus Inc                                   | Rambus Inc                                                                  | CUSIP: 750917106<br>LEI: 2549000211GDCQSLV833 | Long             | EC               | CORP              | US        |     74535 | NS      | $5510372.55   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| CommScope Holding Co Inc                     | CommScope Holding Co Inc                                                    | CUSIP: 20337X109<br>LEI: 254900AW4CEPCQWSRI58 | Long             | EC               | CORP              | US        |    225126 | NS      | $1846033.20   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Cass Information Systems Inc                 | Cass Information Systems Inc                                                | CUSIP: 14808P109<br>LEI: 549300G7XPIPR7SJ2F38 | Long             | EC               | CORP              | US        |     13690 | NS      | $547736.90    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| ATI Inc                                      | ATI Inc                                                                     | CUSIP: 01741R102<br>LEI: ZW1LRE7C3H17O2ZN9B45 | Long             | EC               | CORP              | US        |     89960 | NS      | $6921522.40   | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Huron Consulting Group Inc                   | Huron Consulting Group Inc                                                  | CUSIP: 447462102<br>LEI: 549300NGVB9H6TKTLE36 | Long             | EC               | CORP              | US        |     19471 | NS      | $2571729.68   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| ZoomInfo Technologies Inc                    | ZoomInfo Technologies Inc                                                   | CUSIP: 98980F104<br>LEI: 2549008GSAHW4UWFEM58 | Long             | EC               | CORP              | US        |     47951 | NS      | $519309.33    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Rush Enterprises Inc                         | Rush Enterprises Inc                                                        | CUSIP: 781846308<br>LEI: 529900V3XHTN7A6DFT17 | Long             | EC               | CORP              | US        |      8533 | NS      | $463427.23    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Pennant Group Inc/The                        | Pennant Group Inc/The                                                       | CUSIP: 70805E109<br>LEI: 5493007H2OYR6BYLDA64 | Long             | EC               | CORP              | US        |     16632 | NS      | $368731.44    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Hecla Mining Co                              | Hecla Mining Co                                                             | CUSIP: 422704106<br>LEI: 5493009Y6HOBZD1QD537 | Long             | EC               | CORP              | US        |    415083 | NS      | $2382576.42   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Walgreens Boots Alliance Inc                 | Walgreens Boots Alliance Inc                                                | CUSIP: 931427108<br>LEI: 549300RPTUOIXG4LIH86 | Long             | EC               | CORP              | US        |    111973 | NS      | $1303365.72   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Host Hotels & Resorts Inc                    | Host Hotels & Resorts Inc                                                   | CUSIP: 44107P104<br>LEI: N6EL63S0K3PB1YFTDI24 | Long             | EC               | CORP              | US        |    683847 | NS      | $10750074.84  | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| TEGNA Inc                                    | TEGNA Inc                                                                   | CUSIP: 87901J105<br>LEI: 549300YC5EDBGX85AO10 | Long             | EC               | CORP              | US        |     14991 | NS      | $250349.70    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| D-Wave Quantum Inc                           | D-Wave Quantum Inc                                                          | CUSIP: 26740W109<br>LEI: 5493001U37G4PRD4GW95 | Long             | EC               | CORP              | US        |    223729 | NS      | $3845901.51   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Atlanta Braves Holdings Inc                  | Atlanta Braves Holdings Inc                                                 | CUSIP: 047726302<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     49851 | NS      | $2221360.56   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Lincoln National Corp                        | Lincoln National Corp                                                       | CUSIP: 534187109<br>LEI: EFQMQROEDSNBRIP7LE47 | Long             | EC               | CORP              | US        |    112582 | NS      | $4290500.02   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Goodyear Tire & Rubber Co/The                | Goodyear Tire & Rubber Co/The                                               | CUSIP: 382550101<br>LEI: 5493002BI0S2ZQUY3437 | Long             | EC               | CORP              | US        |    160458 | NS      | $1649508.24   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Dave & Buster's Entertainment Inc            | Dave & Buster's Entertainment Inc                                           | CUSIP: 238337109<br>LEI: 529900WTVU85QZLYHR86 | Long             | EC               | CORP              | US        |     29432 | NS      | $860591.68    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Marcus Corp/The                              | Marcus Corp/The                                                             | CUSIP: 566330106<br>LEI: 549300NL0OKPNEMP6B79 | Long             | EC               | CORP              | US        |     25096 | NS      | $410821.52    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Arcosa Inc                                   | Arcosa Inc                                                                  | CUSIP: 039653100<br>LEI: 549300WFHLTCZV7D6V29 | Long             | EC               | CORP              | US        |      1675 | NS      | $143849.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Rush Enterprises Inc                         | Rush Enterprises Inc                                                        | CUSIP: 781846209<br>LEI: 529900V3XHTN7A6DFT17 | Long             | EC               | CORP              | US        |     64081 | NS      | $3469345.34   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Interpublic Group of Cos Inc/The             | Interpublic Group of Cos Inc/The                                            | CUSIP: 460690100<br>LEI: 5493008IUOJ5VWTRC333 | Long             | EC               | CORP              | US        |     14771 | NS      | $363366.60    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Gitlab Inc                                   | Gitlab Inc                                                                  | CUSIP: 37637K108<br>LEI: 9845004Y40FACG81ED49 | Long             | EC               | CORP              | US        |     34008 | NS      | $1489890.48   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Biohaven Ltd                                 | Biohaven Ltd                                                                | CUSIP: G1110E107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     94851 | NS      | $1432250.10   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| nVent Electric PLC                           | nVent Electric PLC                                                          | CUSIP: G6700G107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     65589 | NS      | $5143489.38   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| BrightSpring Health Services Inc             | BrightSpring Health Services Inc                                            | CUSIP: 10950A106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     70129 | NS      | $1448163.85   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Moog Inc                                     | Moog Inc                                                                    | CUSIP: 615394202<br>LEI: 549300WM2I4U7OBAHG07 | Long             | EC               | CORP              | US        |     28933 | NS      | $5600850.14   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Bruker Corp                                  | Bruker Corp                                                                 | CUSIP: 116794108<br>LEI: LEBZ6VLQ6I8XB1NHVY15 | Long             | EC               | CORP              | US        |     28045 | NS      | $1077769.35   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Enphase Energy Inc                           | Enphase Energy Inc                                                          | CUSIP: 29355A107<br>LEI: 5493008U7KIGMI59Z314 | Long             | EC               | CORP              | US        |     70078 | NS      | $2267724.08   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| SI-BONE Inc                                  | SI-BONE Inc                                                                 | CUSIP: 825704109<br>LEI: 549300J8JGYVJJHV9C31 | Long             | EC               | CORP              | US        |      9821 | NS      | $167251.63    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Procore Technologies Inc                     | Procore Technologies Inc                                                    | CUSIP: 74275K108<br>LEI: 5493005PTWY0RHYRAH22 | Long             | EC               | CORP              | US        |    120931 | NS      | $8662287.53   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| HNI Corp                                     | HNI Corp                                                                    | CUSIP: 404251100<br>LEI: 549300SKRADLC4O5HV93 | Long             | EC               | CORP              | US        |     50641 | NS      | $2604973.04   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Frontdoor Inc                                | Frontdoor Inc                                                               | CUSIP: 35905A109<br>LEI: 5493008RB0JZJI3QGZ06 | Long             | EC               | CORP              | US        |     77525 | NS      | $4535212.50   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| IMAX Corp                                    | IMAX Corp                                                                   | CUSIP: 45245E109<br>LEI: 5493002KS2T1Q0X7VZ21 | Long             | EC               | CORP              | US        |     48892 | NS      | $1260924.68   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Comfort Systems USA Inc                      | Comfort Systems USA Inc                                                     | CUSIP: 199908104<br>LEI: 5299009DT1ZA5HTU6R38 | Long             | EC               | CORP              | US        |     24331 | NS      | $17111992.30  | 1.50%             |  |  |  | No            |                  1 | On Loan: No      |
| CSG Systems International Inc                | CSG Systems International Inc                                               | CUSIP: 126349109<br>LEI: 549300D7FJZUOHHXUA81 | Long             | EC               | CORP              | US        |     31366 | NS      | $1959120.36   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| WillScot Holdings Corp                       | WillScot Holdings Corp                                                      | CUSIP: 971378104<br>LEI: 549300HJ4VIXF476Q166 | Long             | EC               | CORP              | US        |     52369 | NS      | $1537030.15   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| SPX Technologies Inc                         | SPX Technologies Inc                                                        | CUSIP: 78473E103<br>LEI: P761FCI0CPOG24I8JE10 | Long             | EC               | CORP              | US        |     37557 | NS      | $6850021.23   | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| MGIC Investment Corp                         | MGIC Investment Corp                                                        | CUSIP: 552848103<br>LEI: 254900S8483WM4M98R28 | Long             | EC               | CORP              | US        |     53915 | NS      | $1396398.50   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Murphy USA Inc                               | Murphy USA Inc                                                              | CUSIP: 626755102<br>LEI: 549300Y081F8XIKQIO72 | Long             | EC               | CORP              | US        |     11231 | NS      | $4071012.88   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Morningstar Inc                              | Morningstar Inc                                                             | CUSIP: 617700109<br>LEI: 529900YGNQPOVAXQ7F29 | Long             | EC               | CORP              | US        |     23843 | NS      | $6591635.78   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| RealReal Inc/The                             | RealReal Inc/The                                                            | CUSIP: 88339P101<br>LEI: 549300O00VUGT4H1PE90 | Long             | EC               | CORP              | US        |     94673 | NS      | $497979.98    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| ExlService Holdings Inc                      | ExlService Holdings Inc                                                     | CUSIP: 302081104<br>LEI: 81E3DTNF6OSH489ZOV15 | Long             | EC               | CORP              | US        |    175609 | NS      | $7626698.87   | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Lindsay Corp                                 | Lindsay Corp                                                                | CUSIP: 535555106<br>LEI: 549300ZFO0QG5H8TPI61 | Long             | EC               | CORP              | US        |      6308 | NS      | $861105.08    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Casey's General Stores Inc                   | Casey's General Stores Inc                                                  | CUSIP: 147528103<br>LEI: 549300CAFWSI86V66Q65 | Long             | EC               | CORP              | US        |     20656 | NS      | $10743805.28  | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Catalyst Pharmaceuticals Inc                 | Catalyst Pharmaceuticals Inc                                                | CUSIP: 14888U101<br>LEI: 5299004O0R5XXLA5H544 | Long             | EC               | CORP              | US        |    125499 | NS      | $2676893.67   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Appfolio Inc                                 | Appfolio Inc                                                                | CUSIP: 03783C100<br>LEI: 529900OOUUGT6JFC0S15 | Long             | EC               | CORP              | US        |      7394 | NS      | $1977007.72   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Hims & Hers Health Inc                       | Hims & Hers Health Inc                                                      | CUSIP: 433000106<br>LEI: 254900V041EIVTSB6D58 | Long             | EC               | CORP              | US        |    128635 | NS      | $8513064.30   | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Hexcel Corp                                  | Hexcel Corp                                                                 | CUSIP: 428291108<br>LEI: S6Q7LW43WUBUHXY2QP69 | Long             | EC               | CORP              | US        |     50773 | NS      | $3041810.43   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Kennedy-Wilson Holdings Inc                  | Kennedy-Wilson Holdings Inc                                                 | CUSIP: 489398107<br>LEI: 549300MOI1T78144X610 | Long             | EC               | CORP              | US        |    106386 | NS      | $778745.52    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Baldwin Insurance Group Inc/The              | Baldwin Insurance Group Inc/The                                             | CUSIP: 05589G102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     73884 | NS      | $2721886.56   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Invesco Ltd                                  | Invesco Ltd                                                                 | CUSIP: G491BT108<br>LEI: ECPGFXU8A2SHKVVGJI15 | Long             | EC               | CORP              | US        |    172044 | NS      | $3614644.44   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| SLM Corp                                     | SLM Corp                                                                    | CUSIP: 78442P106<br>LEI: 4K8SLPBF5DXXGPW03H93 | Long             | EC               | CORP              | US        |    136189 | NS      | $4330810.20   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Piedmont Realty Trust Inc                    | Piedmont Realty Trust Inc                                                   | CUSIP: 720190206<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     21652 | NS      | $163689.12    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Tri Pointe Homes Inc                         | Tri Pointe Homes Inc                                                        | CUSIP: 87265H109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5598 | NS      | $172418.40    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Sprouts Farmers Market Inc                   | Sprouts Farmers Market Inc                                                  | CUSIP: 85208M102<br>LEI: 529900P8F4G77Q52XE24 | Long             | EC               | CORP              | US        |     25935 | NS      | $3930189.90   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Arlo Technologies Inc                        | Arlo Technologies Inc                                                       | CUSIP: 04206A101<br>LEI: 549300T4EUX2OQ75HV52 | Long             | EC               | CORP              | US        |    111928 | NS      | $1813233.60   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| HB Fuller Co                                 | HB Fuller Co                                                                | CUSIP: 359694106<br>LEI: JSMX3Z5FOYM8V0Q52357 | Long             | EC               | CORP              | US        |     57646 | NS      | $3239705.20   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Brinker International Inc                    | Brinker International Inc                                                   | CUSIP: 109641100<br>LEI: 52990067JY6PBGJNTG76 | Long             | EC               | CORP              | US        |     48093 | NS      | $7579456.80   | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Rocket Pharmaceuticals Inc                   | Rocket Pharmaceuticals Inc                                                  | CUSIP: 77313F106<br>LEI: 549300R7VV82YUIN4Y93 | Long             | EC               | CORP              | US        |     29725 | NS      | $90661.25     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| STAAR Surgical Co                            | STAAR Surgical Co                                                           | CUSIP: 852312305<br>LEI: 5299006LRHI7OJ8BY308 | Long             | EC               | CORP              | US        |     15499 | NS      | $277664.59    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| MDU Resources Group Inc                      | MDU Resources Group Inc                                                     | CUSIP: 552690109<br>LEI: 0T6SBMK3JTBI1JR36794 | Long             | EC               | CORP              | US        |    210381 | NS      | $3629072.25   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| World Kinect Corp                            | World Kinect Corp                                                           | CUSIP: 981475106<br>LEI: D3W7PCXCBRQLL17DZ313 | Long             | EC               | CORP              | US        |     62154 | NS      | $1694939.58   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Arko Corp                                    | Arko Corp                                                                   | CUSIP: 041242108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     60772 | NS      | $253419.24    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Pediatrix Medical Group Inc                  | Pediatrix Medical Group Inc                                                 | CUSIP: 58502B106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     18234 | NS      | $223366.50    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Andersons Inc/The                            | Andersons Inc/The                                                           | CUSIP: 034164103<br>LEI: L38MWB8MVRFV7HVJPU11 | Long             | EC               | CORP              | US        |     36634 | NS      | $1315893.28   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Integer Holdings Corp                        | Integer Holdings Corp                                                       | CUSIP: 45826H109<br>LEI: 549300SUD2ED5XG6X569 | Long             | EC               | CORP              | US        |      1870 | NS      | $202913.70    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| RadNet Inc                                   | RadNet Inc                                                                  | CUSIP: 750491102<br>LEI: 529900RECG94V2IZJ970 | Long             | EC               | CORP              | US        |      7009 | NS      | $383602.57    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Lattice Semiconductor Corp                   | Lattice Semiconductor Corp                                                  | CUSIP: 518415104<br>LEI: 549300LRBBPZDQ2II567 | Long             | EC               | CORP              | US        |    129422 | NS      | $6449098.26   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| TriNet Group Inc                             | TriNet Group Inc                                                            | CUSIP: 896288107<br>LEI: 5299003FJVBETSFKE990 | Long             | EC               | CORP              | US        |     17778 | NS      | $1205526.18   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Ryerson Holding Corp                         | Ryerson Holding Corp                                                        | CUSIP: 783754104<br>LEI: 549300JMA41B3ZHOVE45 | Long             | EC               | CORP              | US        |     20571 | NS      | $423762.60    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Outfront Media Inc                           | Outfront Media Inc                                                          | CUSIP: 69007J304<br>LEI: 549300RZWDYU5722I639 | Long             | EC               | CORP              | US        |     17563 | NS      | $307879.53    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Stepan Co                                    | Stepan Co                                                                   | CUSIP: 858586100<br>LEI: IZU1EW9GB3WC7CYCSR17 | Long             | EC               | CORP              | US        |     22970 | NS      | $1166186.90   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Topgolf Callaway Brands Corp                 | Topgolf Callaway Brands Corp                                                | CUSIP: 131193104<br>LEI: 5493005UB0KFRKBPCU72 | Long             | EC               | CORP              | US        |    147348 | NS      | $1362969.00   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Franklin Resources Inc                       | Franklin Resources Inc                                                      | CUSIP: 354613101<br>LEI: RIFQSET379FOGTEFKS80 | Long             | EC               | CORP              | US        |    232943 | NS      | $5590632.00   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| CubeSmart                                    | CubeSmart                                                                   | CUSIP: 229663109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     74980 | NS      | $2917471.80   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| DNOW Inc                                     | DNOW Inc                                                                    | CUSIP: 67011P100<br>LEI: 549300AVH5SOCFVVDW91 | Long             | EC               | CORP              | US        |    119070 | NS      | $1852729.20   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Silicon Laboratories Inc                     | Silicon Laboratories Inc                                                    | CUSIP: 826919102<br>LEI: 4PRDF8Q9TDHRVZKZSZ47 | Long             | EC               | CORP              | US        |     34243 | NS      | $4512200.11   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Starwood Property Trust Inc                  | Starwood Property Trust Inc                                                 | CUSIP: 85571B105<br>LEI: BUGSFQZERKRBFWIG5267 | Long             | EC               | CORP              | US        |    304697 | NS      | $5929403.62   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Synovus Financial Corp                       | Synovus Financial Corp                                                      | CUSIP: 87161C501<br>LEI: 549300EIUS8UN5JTLE54 | Long             | EC               | CORP              | US        |     44574 | NS      | $2105675.76   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Jackson Financial Inc                        | Jackson Financial Inc                                                       | CUSIP: 46817M107<br>LEI: 213800WXW2KG1N4CO374 | Long             | EC               | CORP              | US        |     78191 | NS      | $6846403.96   | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| DXC Technology Co                            | DXC Technology Co                                                           | CUSIP: 23355L106<br>LEI: 549300DOVZ3EDJB7O259 | Long             | EC               | CORP              | US        |     42730 | NS      | $581555.30    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Axalta Coating Systems Ltd                   | Axalta Coating Systems Ltd                                                  | CUSIP: G0750C108<br>LEI: 529900AGLPA40GV6H619 | Long             | EC               | CORP              | US        |    233516 | NS      | $6613173.12   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| McGrath RentCorp                             | McGrath RentCorp                                                            | CUSIP: 580589109<br>LEI: 254900EUH6IPWFQ83445 | Long             | EC               | CORP              | US        |     11516 | NS      | $1437081.64   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Sirius XM Holdings Inc                       | Sirius XM Holdings Inc                                                      | CUSIP: 829933100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    154744 | NS      | $3268193.28   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Greenbrier Cos Inc/The                       | Greenbrier Cos Inc/The                                                      | CUSIP: 393657101<br>LEI: 5493001GAGGFR30BP390 | Long             | EC               | CORP              | US        |     33645 | NS      | $1530847.50   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| RxSight Inc                                  | RxSight Inc                                                                 | CUSIP: 78349D107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     36864 | NS      | $286801.92    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| NMI Holdings Inc                             | NMI Holdings Inc                                                            | CUSIP: 629209305<br>LEI: 529900KNNGFXJX1C3Z08 | Long             | EC               | CORP              | US        |      3998 | NS      | $149205.36    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Foot Locker Inc                              | Foot Locker Inc                                                             | CUSIP: 344849104<br>LEI: 549300X383CBNP6MTV94 | Long             | EC               | CORP              | US        |     23344 | NS      | $584533.76    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Sensient Technologies Corp                   | Sensient Technologies Corp                                                  | CUSIP: 81725T100<br>LEI: CMMZHMFZQG86EI7WZU92 | Long             | EC               | CORP              | US        |     39061 | NS      | $4386159.69   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Brady Corp                                   | Brady Corp                                                                  | CUSIP: 104674106<br>LEI: 549300G2LEQOFQC8GY34 | Long             | EC               | CORP              | US        |     47524 | NS      | $3353768.68   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| OPKO Health Inc                              | OPKO Health Inc                                                             | CUSIP: 68375N103<br>LEI: 529900A4S2D4OGOJLL02 | Long             | EC               | CORP              | US        |    323565 | NS      | $414163.20    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Bright Horizons Family Solutions Inc         | Bright Horizons Family Solutions Inc                                        | CUSIP: 109194100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     60196 | NS      | $6808167.60   | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| First BanCorp/Puerto Rico                    | First BanCorp/Puerto Rico                                                   | CUSIP: 318672706<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    176309 | NS      | $3672516.47   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Core Laboratories Inc                        | Core Laboratories Inc                                                       | CUSIP: 21867A105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     41473 | NS      | $453714.62    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Old National Bancorp/IN                      | Old National Bancorp/IN                                                     | CUSIP: 680033107<br>LEI: 549300MMK90CL5KMVX16 | Long             | EC               | CORP              | US        |    257285 | NS      | $5431286.35   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| WisdomTree Inc                               | WisdomTree Inc                                                              | CUSIP: 97717P104<br>LEI: 549300WIU8IS7UFO7871 | Long             | EC               | CORP              | US        |    135044 | NS      | $1792033.88   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Elanco Animal Health Inc                     | Elanco Animal Health Inc                                                    | CUSIP: 28414H103<br>LEI: 549300SHPNDCE059M934 | Long             | EC               | CORP              | US        |    214758 | NS      | $2937889.44   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Globalstar Inc                               | Globalstar Inc                                                              | CUSIP: 378973507<br>LEI: 549300NEX8I0MSOW0R64 | Long             | EC               | CORP              | US        |     55250 | NS      | $1297822.50   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Cadence Bank                                 | Cadence Bank                                                                | CUSIP: 12740C103<br>LEI: Q7C315HKI8VX0SSKBS64 | Long             | EC               | CORP              | US        |     11994 | NS      | $417990.90    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Weatherford International PLC                | Weatherford International PLC                                               | CUSIP: G48833118<br>LEI: 529900LPBDSCQDJKHQ39 | Long             | EC               | CORP              | US        |     78683 | NS      | $4449523.65   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| CACI International Inc                       | CACI International Inc                                                      | CUSIP: 127190304<br>LEI: SYRPI2D1O9WRTS2WX210 | Long             | EC               | CORP              | US        |      5167 | NS      | $2379765.19   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| PVH Corp                                     | PVH Corp                                                                    | CUSIP: 693656100<br>LEI: 123WALMHY1GZXG2YDL90 | Long             | EC               | CORP              | US        |     20368 | NS      | $1495418.56   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| ACI Worldwide Inc                            | ACI Worldwide Inc                                                           | CUSIP: 004498101<br>LEI: 5493003BPVMZUJ6F5C02 | Long             | EC               | CORP              | US        |    114162 | NS      | $4858734.72   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Bancorp Inc/The                              | Bancorp Inc/The                                                             | CUSIP: 05969A105<br>LEI: 894500FP2ICT1B019Y71 | Long             | EC               | CORP              | US        |     49503 | NS      | $3126609.48   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| XPO Inc                                      | XPO Inc                                                                     | CUSIP: 983793100<br>LEI: 54930096DB9LCLPN7H13 | Long             | EC               | CORP              | US        |     25948 | NS      | $3121284.92   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| ePlus Inc                                    | ePlus Inc                                                                   | CUSIP: 294268107<br>LEI: 529900FFY8AAFJ21NE91 | Long             | EC               | CORP              | US        |     28871 | NS      | $1870263.38   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| PAR Technology Corp                          | PAR Technology Corp                                                         | CUSIP: 698884103<br>LEI: 549300HYPTHBJQINVG57 | Long             | EC               | CORP              | US        |     43965 | NS      | $2672192.70   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Gap Inc/The                                  | Gap Inc/The                                                                 | CUSIP: 364760108<br>LEI: T2ZG1WRWZ4BUCMQL9224 | Long             | EC               | CORP              | US        |     43950 | NS      | $855267.00    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank OZK                                     | Bank OZK                                                                    | CUSIP: 06417N103<br>LEI: 549300VYK2WBD7SST478 | Long             | EC               | CORP              | US        |     85976 | NS      | $4238616.80   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| KBR Inc                                      | KBR Inc                                                                     | CUSIP: 48242W106<br>LEI: 254900OFQDXZRKRCV808 | Long             | EC               | CORP              | US        |     72798 | NS      | $3402578.52   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Harley-Davidson Inc                          | Harley-Davidson Inc                                                         | CUSIP: 412822108<br>LEI: ZDNAWZWXIKMWI51R2A08 | Long             | EC               | CORP              | US        |     98678 | NS      | $2400835.74   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Plexus Corp                                  | Plexus Corp                                                                 | CUSIP: 729132100<br>LEI: 549300W7HCBI5YT25I79 | Long             | EC               | CORP              | US        |     29155 | NS      | $3717262.50   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Douglas Dynamics Inc                         | Douglas Dynamics Inc                                                        | CUSIP: 25960R105<br>LEI: 529900CDFLKNQ0QT6580 | Long             | EC               | CORP              | US        |     10746 | NS      | $307335.60    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| CBL & Associates Properties Inc              | CBL & Associates Properties Inc                                             | CUSIP: 124830878<br>LEI: 529900EIVFBRS4PUBZ13 | Long             | EC               | CORP              | US        |     15865 | NS      | $429306.90    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Carter's Inc                                 | Carter's Inc                                                                | CUSIP: 146229109<br>LEI: 5299003WAQK4R3L3ZU36 | Long             | EC               | CORP              | US        |     10947 | NS      | $265355.28    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Kohl's Corp                                  | Kohl's Corp                                                                 | CUSIP: 500255104<br>LEI: 549300JF6LPRTRJ0FH50 | Long             | EC               | CORP              | US        |     22707 | NS      | $246143.88    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| SL Green Realty Corp                         | SL Green Realty Corp                                                        | CUSIP: 78440X887<br>LEI: 549300VQZPJU97H3GT17 | Long             | EC               | CORP              | US        |     12759 | NS      | $730452.75    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Pathward Financial Inc                       | Pathward Financial Inc                                                      | CUSIP: 59100U108<br>LEI: 5493004X52BH1NBLW813 | Long             | EC               | CORP              | US        |     25869 | NS      | $1956343.13   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Oxford Industries Inc                        | Oxford Industries Inc                                                       | CUSIP: 691497309<br>LEI: IDZ20O0XD3GS4UOI2L88 | Long             | EC               | CORP              | US        |     14163 | NS      | $540743.34    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| RXO Inc                                      | RXO Inc                                                                     | CUSIP: 74982T103<br>LEI: 549300KL8CA6GP8XPM30 | Long             | EC               | CORP              | US        |     96343 | NS      | $1488499.35   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Owens & Minor Inc                            | Owens & Minor Inc                                                           | CUSIP: 690732102<br>LEI: 549300LMT5KQQXCEZ733 | Long             | EC               | CORP              | US        |     76439 | NS      | $529722.27    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Magnite Inc                                  | Magnite Inc                                                                 | CUSIP: 55955D100<br>LEI: 54930018FR2YX1HHSB02 | Long             | EC               | CORP              | US        |    153613 | NS      | $3534635.13   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Group 1 Automotive Inc                       | Group 1 Automotive Inc                                                      | CUSIP: 398905109<br>LEI: 549300US8QAZJLWYAF63 | Long             | EC               | CORP              | US        |      6578 | NS      | $2711122.70   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Elastic NV                                   | Elastic NV                                                                  | CUSIP: N14506104<br>LEI: 2549003I48WHHH937I59 | Long             | EC               | CORP              | US        |     16519 | NS      | $1382640.30   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Uniti Group Inc                              | Uniti Group Inc                                                             | CUSIP: 912932100<br>LEI: 549300V3NU625PJUVA84 | Long             | EC               | CORP              | US        |    268908 | NS      | $1430590.56   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| STATE STR NAVIGATOR SECS L TR                | State Street Navigator Securities Lending Government Money Market Portfolio | CUSIP: 857509301<br>LEI: N/A                  | Long             | STIV             | RF                | US        |   2627298 | NS      | $2627297.60   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| TechnipFMC PLC                               | TechnipFMC PLC                                                              | CUSIP: G87110105<br>LEI: 549300D5I93QWCJTCK36 | Long             | EC               | CORP              | US        |    367532 | NS      | $13367138.84  | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| FMC Corp                                     | FMC Corp                                                                    | CUSIP: 302491303<br>LEI: CKDHZ2X64EEBQCSP7013 | Long             | EC               | CORP              | US        |    135526 | NS      | $5290935.04   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| KinderCare Learning Cos Inc                  | KinderCare Learning Cos Inc                                                 | CUSIP: 49456W105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     31437 | NS      | $302109.57    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Commvault Systems Inc                        | Commvault Systems Inc                                                       | CUSIP: 204166102<br>LEI: 65T5VRP62VXG39YFML83 | Long             | EC               | CORP              | US        |     38166 | NS      | $7249631.70   | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Crocs Inc                                    | Crocs Inc                                                                   | CUSIP: 227046109<br>LEI: 549300B0J6YCXD63OG72 | Long             | EC               | CORP              | US        |     50792 | NS      | $5065486.16   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Ryan Specialty Holdings Inc                  | Ryan Specialty Holdings Inc                                                 | CUSIP: 78351F107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    113358 | NS      | $6936376.02   | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Globe Life Inc                               | Globe Life Inc                                                              | CUSIP: 37959E102<br>LEI: 5493001JFHKQOPP6XA71 | Long             | EC               | CORP              | US        |     12515 | NS      | $1757982.05   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| FTI Consulting Inc                           | FTI Consulting Inc                                                          | CUSIP: 302941109<br>LEI: 549300K17GM8EQD0FQ48 | Long             | EC               | CORP              | US        |     33712 | NS      | $5607991.20   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Cirrus Logic Inc                             | Cirrus Logic Inc                                                            | CUSIP: 172755100<br>LEI: 549300NKSJEM5ZZSSV18 | Long             | EC               | CORP              | US        |     55097 | NS      | $5548818.87   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Sunstone Hotel Investors Inc                 | Sunstone Hotel Investors Inc                                                | CUSIP: 867892101<br>LEI: 529900ZQ2V52V96ATF67 | Long             | EC               | CORP              | US        |    204905 | NS      | $1792918.75   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| AGCO Corp                                    | AGCO Corp                                                                   | CUSIP: 001084102<br>LEI: LYOM0B2GCF1JWXK5ZG04 | Long             | EC               | CORP              | US        |      1953 | NS      | $230395.41    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| eXp World Holdings Inc                       | eXp World Holdings Inc                                                      | CUSIP: 30212W100<br>LEI: 549300TWVVZC283VEC32 | Long             | EC               | CORP              | US        |     81296 | NS      | $876370.88    | 0.08%             |  |  |  | No            |                  1 | On Loan: —       |
| Omnicell Inc                                 | Omnicell Inc                                                                | CUSIP: 68213N109<br>LEI: 5493008RH0GTKHHPZI77 | Long             | EC               | CORP              | US        |     47937 | NS      | $1486526.37   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Onto Innovation Inc                          | Onto Innovation Inc                                                         | CUSIP: 683344105<br>LEI: 254900RXZVN73CHOO062 | Long             | EC               | CORP              | US        |     28633 | NS      | $2712976.75   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Veracyte Inc                                 | Veracyte Inc                                                                | CUSIP: 92337F107<br>LEI: 529900ESWZRHXOW27Z37 | Long             | EC               | CORP              | US        |     85019 | NS      | $1998796.69   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Perrigo Co PLC                               | Perrigo Co PLC                                                              | CUSIP: G97822103<br>LEI: 549300IFOQS6R1QLY196 | Long             | EC               | CORP              | US        |     89054 | NS      | $2375070.18   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Lamb Weston Holdings Inc                     | Lamb Weston Holdings Inc                                                    | CUSIP: 513272104<br>LEI: 5493005SMYID1D2OY946 | Long             | EC               | CORP              | US        |    145108 | NS      | $8281313.56   | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Pebblebrook Hotel Trust                      | Pebblebrook Hotel Trust                                                     | CUSIP: 70509V100<br>LEI: 5493004Q1NNH6JXCSI52 | Long             | EC               | CORP              | US        |    127016 | NS      | $1273970.48   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Delek US Holdings Inc                        | Delek US Holdings Inc                                                       | CUSIP: 24665A103<br>LEI: 5493003O53JMENV1N385 | Long             | EC               | CORP              | US        |     66431 | NS      | $1486061.47   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Upwork Inc                                   | Upwork Inc                                                                  | CUSIP: 91688F104<br>LEI: 5493004QJ6WWBXVE2S70 | Long             | EC               | CORP              | US        |    140352 | NS      | $1678609.92   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Constellium SE                               | Constellium SE                                                              | CUSIP: F21107101<br>LEI: 724500KRJEMC79KAAU28 | Long             | EC               | CORP              | US        |    140490 | NS      | $1926117.90   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Banc of California Inc                       | Banc of California Inc                                                      | CUSIP: 05990K106<br>LEI: 549300ZKWUJDP6LJ1X87 | Long             | EC               | CORP              | US        |    154337 | NS      | $2240973.24   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Financial Corp                | First American Financial Corp                                               | CUSIP: 31847R102<br>LEI: 549300B6VEZK3N0A1P55 | Long             | EC               | CORP              | US        |    111248 | NS      | $6680442.40   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Ensign Group Inc/The                         | Ensign Group Inc/The                                                        | CUSIP: 29358P101<br>LEI: 5493003K4HEEA8Q0BC72 | Long             | EC               | CORP              | US        |     10324 | NS      | $1548600.00   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| ICU Medical Inc                              | ICU Medical Inc                                                             | CUSIP: 44930G107<br>LEI: 5493003NRW7LS2QZRH60 | Long             | EC               | CORP              | US        |     16587 | NS      | $2129936.67   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Confluent Inc                                | Confluent Inc                                                               | CUSIP: 20717M103<br>LEI: 254900MRZ83YWUV7SN74 | Long             | EC               | CORP              | US        |     74957 | NS      | $1328612.83   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Royal Gold Inc                               | Royal Gold Inc                                                              | CUSIP: 780287108<br>LEI: 5493001NGRU6SFL04184 | Long             | EC               | CORP              | US        |     18055 | NS      | $2733888.10   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Magnera Corp                                 | Magnera Corp                                                                | CUSIP: 55939A107<br>LEI: 549300LDQLQBT38QDY28 | Long             | EC               | CORP              | US        |     35447 | NS      | $441312.90    | 0.04%             |  |  |  | No            |                  1 | On Loan: —       |
| Western Alliance Bancorp                     | Western Alliance Bancorp                                                    | CUSIP: 957638109<br>LEI: 5493003VJXZ5JXT9S762 | Long             | EC               | CORP              | US        |    113257 | NS      | $8784212.92   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Spyre Therapeutics Inc                       | Spyre Therapeutics Inc                                                      | CUSIP: 00773J202<br>LEI: 52990017AIJPRH3HQH40 | Long             | EC               | CORP              | US        |     38756 | NS      | $657689.32    | 0.06%             |  |  |  | No            |                  1 | On Loan: —       |
| Advanced Energy Industries Inc               | Advanced Energy Industries Inc                                              | CUSIP: 007973100<br>LEI: 549300756XI3QLFT2U27 | Long             | EC               | CORP              | US        |     17161 | NS      | $2384006.12   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Ryder System Inc                             | Ryder System Inc                                                            | CUSIP: 783549108<br>LEI: ZXJ6Y2OSPZXIVGRILD15 | Long             | EC               | CORP              | US        |     26915 | NS      | $4783064.65   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Camping World Holdings Inc                   | Camping World Holdings Inc                                                  | CUSIP: 13462K109<br>LEI: 549300E828QQI7MWI432 | Long             | EC               | CORP              | US        |     27703 | NS      | $383409.52    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| US Foods Holding Corp                        | US Foods Holding Corp                                                       | CUSIP: 912008109<br>LEI: 549300UGOZSO64CFPR97 | Long             | EC               | CORP              | US        |     62656 | NS      | $5221124.48   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Unum Group                                   | Unum Group                                                                  | CUSIP: 91529Y106<br>LEI: 549300E32YFDO6TZ8R31 | Long             | EC               | CORP              | US        |     25455 | NS      | $1827923.55   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| QuidelOrtho Corp                             | QuidelOrtho Corp                                                            | CUSIP: 219798105<br>LEI: 549300YU8CMO9HF53113 | Long             | EC               | CORP              | US        |     54550 | NS      | $1255741.00   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Tapestry Inc                                 | Tapestry Inc                                                                | CUSIP: 876030107<br>LEI: 549300LJNVY5SW3VTN33 | Long             | EC               | CORP              | US        |     81077 | NS      | $8758748.31   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Helen of Troy Ltd                            | Helen of Troy Ltd                                                           | CUSIP: G4388N106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     24427 | NS      | $536905.46    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| PROG Holdings Inc                            | PROG Holdings Inc                                                           | CUSIP: 74319R101<br>LEI: 549300DHYTLBOVRXIG52 | Long             | EC               | CORP              | US        |     36907 | NS      | $1175118.88   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Minerals Technologies Inc                    | Minerals Technologies Inc                                                   | CUSIP: 603158106<br>LEI: 549300D3I1QU67GP6403 | Long             | EC               | CORP              | US        |      4569 | NS      | $265687.35    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Atlanta Braves Holdings Inc                  | Atlanta Braves Holdings Inc                                                 | CUSIP: 047726104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      7085 | NS      | $333703.50    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Ally Financial Inc                           | Ally Financial Inc                                                          | CUSIP: 02005N100<br>LEI: 549300JBN1OSM8YNAI90 | Long             | EC               | CORP              | US        |     24681 | NS      | $934175.85    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| BILL Holdings Inc                            | BILL Holdings Inc                                                           | CUSIP: 090043100<br>LEI: 549300IBF9VZZIGOZW63 | Long             | EC               | CORP              | US        |     27829 | NS      | $1192472.65   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Macerich Co/The                              | Macerich Co/The                                                             | CUSIP: 554382101<br>LEI: 529900PSWCB5KI0JYU46 | Long             | EC               | CORP              | US        |    132969 | NS      | $2221911.99   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| MoonLake Immunotherapeutics                  | MoonLake Immunotherapeutics                                                 | CUSIP: 61559X104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     23759 | NS      | $1198403.96   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Clarivate PLC                                | Clarivate PLC                                                               | CUSIP: G21810109<br>LEI: 549300WDHIIODXFO0R55 | Long             | EC               | CORP              | US        |    340616 | NS      | $1311371.60   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Advance Auto Parts Inc                       | Advance Auto Parts Inc                                                      | CUSIP: 00751Y106<br>LEI: 529900UCNQ5H9FSL0Y70 | Long             | EC               | CORP              | US        |     43471 | NS      | $2307005.97   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Chemed Corp                                  | Chemed Corp                                                                 | CUSIP: 16359R103<br>LEI: 54930020031IDJT2IM79 | Long             | EC               | CORP              | US        |      6584 | NS      | $2714583.20   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Asana Inc                                    | Asana Inc                                                                   | CUSIP: 04342Y104<br>LEI: 254900X7UAJNMLPLZ510 | Long             | EC               | CORP              | US        |     81518 | NS      | $1196684.24   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Commerce Bancshares Inc/MO                   | Commerce Bancshares Inc/MO                                                  | CUSIP: 200525103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    111476 | NS      | $6822322.02   | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Enovis Corp                                  | Enovis Corp                                                                 | CUSIP: 194014502<br>LEI: 635400OP2DYYYMOIYL17 | Long             | EC               | CORP              | US        |     29388 | NS      | $787598.40    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Meridianlink Inc                             | Meridianlink Inc                                                            | CUSIP: 58985J105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     30898 | NS      | $493750.04    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Glaukos Corp                                 | Glaukos Corp                                                                | CUSIP: 377322102<br>LEI: 5299004JA1LHE21M6T14 | Long             | EC               | CORP              | US        |     28845 | NS      | $2483266.05   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Empire State Realty Trust Inc                | Empire State Realty Trust Inc                                               | CUSIP: 292104106<br>LEI: 549300VOKY1DUEQSB456 | Long             | EC               | CORP              | US        |     96922 | NS      | $701715.28    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Charles River Laboratories International Inc | Charles River Laboratories International Inc                                | CUSIP: 159864107<br>LEI: 549300BSQ0R4UZ5KX287 | Long             | EC               | CORP              | US        |     26987 | NS      | $4578074.68   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| UGI Corp                                     | UGI Corp                                                                    | CUSIP: 902681105<br>LEI: DX6GCWD4Q1JO9CRE5I40 | Long             | EC               | CORP              | US        |    233323 | NS      | $8441626.14   | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Core & Main Inc                              | Core & Main Inc                                                             | CUSIP: 21874C102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    175646 | NS      | $11178111.44  | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Chesapeake Utilities Corp                    | Chesapeake Utilities Corp                                                   | CUSIP: 165303108<br>LEI: 254900WW0FDCKAOCKE74 | Long             | EC               | CORP              | US        |     24982 | NS      | $2994842.16   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Winnebago Industries Inc                     | Winnebago Industries Inc                                                    | CUSIP: 974637100<br>LEI: 549300B7OYKYJLTE3G11 | Long             | EC               | CORP              | US        |     29998 | NS      | $891540.56    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| East West Bancorp Inc                        | East West Bancorp Inc                                                       | CUSIP: 27579R104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    119640 | NS      | $11993910.00  | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Hanmi Financial Corp                         | Hanmi Financial Corp                                                        | CUSIP: 410495204<br>LEI: 549300MSZ7RCG7EA6587 | Long             | EC               | CORP              | US        |     33053 | NS      | $753938.93    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| VF Corp                                      | VF Corp                                                                     | CUSIP: 918204108<br>LEI: CWAJJ9DJ5Z7P057HV541 | Long             | EC               | CORP              | US        |    231670 | NS      | $2715172.40   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Repligen Corp                                | Repligen Corp                                                               | CUSIP: 759916109<br>LEI: 54930006QJ0T5AUO1E71 | Long             | EC               | CORP              | US        |     29089 | NS      | $3405449.23   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Pegasystems Inc                              | Pegasystems Inc                                                             | CUSIP: 705573103<br>LEI: 549300FMCOKPL06FYN26 | Long             | EC               | CORP              | US        |     17896 | NS      | $1050674.16   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Independent Bank Corp/MI                     | Independent Bank Corp/MI                                                    | CUSIP: 453838609<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     23415 | NS      | $715328.25    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| PRA Group Inc                                | PRA Group Inc                                                               | CUSIP: 69354N106<br>LEI: 549300Q5HW3JSSB86K27 | Long             | EC               | CORP              | US        |     39051 | NS      | $593575.20    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Viridian Therapeutics Inc                    | Viridian Therapeutics Inc                                                   | CUSIP: 92790C104<br>LEI: 549300C775BNYF550E70 | Long             | EC               | CORP              | US        |     61147 | NS      | $1071295.44   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Savers Value Village Inc                     | Savers Value Village Inc                                                    | CUSIP: 80517M109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     33797 | NS      | $351826.77    | 0.03%             |  |  |  | No            |                  1 | On Loan: —       |
| Atkore Inc                                   | Atkore Inc                                                                  | CUSIP: 047649108<br>LEI: 52990002TI38AM4RPV48 | Long             | EC               | CORP              | US        |     37306 | NS      | $2873308.12   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| TopBuild Corp                                | TopBuild Corp                                                               | CUSIP: 89055F103<br>LEI: 5493007YSKHOL4RWII46 | Long             | EC               | CORP              | US        |     13240 | NS      | $4904493.20   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Commercial Metals Co                         | Commercial Metals Co                                                        | CUSIP: 201723103<br>LEI: 549300OQS2LO07ZJ7N73 | Long             | EC               | CORP              | US        |     20926 | NS      | $1085222.36   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Ryman Hospitality Properties Inc             | Ryman Hospitality Properties Inc                                            | CUSIP: 78377T107<br>LEI: 529900GCCWW9SRMPJR11 | Long             | EC               | CORP              | US        |     61923 | NS      | $5886400.38   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Banner Corp                                  | Banner Corp                                                                 | CUSIP: 06652V208<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2265 | NS      | $140599.88    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Standard Motor Products Inc                  | Standard Motor Products Inc                                                 | CUSIP: 853666105<br>LEI: THGK1EO5B5HK0JHQVZ90 | Long             | EC               | CORP              | US        |     19831 | NS      | $602069.16    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| HA Sustainable Infrastructure Capital Inc    | HA Sustainable Infrastructure Capital Inc                                   | CUSIP: 41068X100<br>LEI: 254900ZZRL7MWL1X8E92 | Long             | EC               | CORP              | US        |    130716 | NS      | $3394694.52   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Essent Group Ltd                             | Essent Group Ltd                                                            | CUSIP: G3198U102<br>LEI: 254900QUO860OUT6ZF83 | Long             | EC               | CORP              | US        |     12574 | NS      | $704018.26    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Kinsale Capital Group Inc                    | Kinsale Capital Group Inc                                                   | CUSIP: 49714P108<br>LEI: 529900QTUQHNZ6HOA508 | Long             | EC               | CORP              | US        |     12883 | NS      | $5677409.27   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Benchmark Electronics Inc                    | Benchmark Electronics Inc                                                   | CUSIP: 08160H101<br>LEI: 549300W18RHYZOZKOP53 | Long             | EC               | CORP              | US        |     38367 | NS      | $1477129.50   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Novocure Ltd                                 | Novocure Ltd                                                                | CUSIP: G6674U108<br>LEI: 213800YPP55UMHWA4826 | Long             | EC               | CORP              | US        |    114086 | NS      | $1319975.02   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Itron Inc                                    | Itron Inc                                                                   | CUSIP: 465741106<br>LEI: 24F6LSZD18II6ICG6S41 | Long             | EC               | CORP              | US        |     46058 | NS      | $5736063.32   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| fuboTV Inc                                   | fuboTV Inc                                                                  | CUSIP: 35953D104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    376253 | NS      | $1497486.94   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| CinCor Pharma Inc                            | CinCor Pharma Inc                                                           | CUSIP: 172CVR011<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     23934 | NC      | $73238.04     | 0.01%             |  |  |  | No            |                  3 | On Loan: No      |
| NEXTracker Inc                               | NEXTracker Inc                                                              | CUSIP: 65290E101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     82194 | NS      | $4788622.44   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-07-31

**Name of Applicant:** Nushares ETF Trust

**Signature:** Gina Spunder

**Name of Signer:** Gina Spunder

**Title:** Director, Fund Financial Reporting