# EDGAR Filing Document

**Accession Number:** 0000836267
**File Stem:** 0002000324-25-004601
**Filing Date:** 2025-12
**Character Count:** 57747
**Document Hash:** 582a29f4dfc89e1e16e105b08446b540
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002000324-25-004601.hdr.sgml**: 20251201

**ACCESSION NUMBER**: 0002000324-25-004601

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251201

**DATE AS OF CHANGE**: 20251201

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** SCM Trust
- **CENTRAL INDEX KEY:** 0000836267

**ORGANIZATION NAME:**
- **EIN:** 526400931
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-05617
- **FILM NUMBER:** 251540276

**BUSINESS ADDRESS:**
- **STREET 1:** 1875 LAWRENCE STREET
- **STREET 2:** SUITE 300
- **CITY:** DENVER
- **STATE:** CO
- **ZIP:** 80202-1805
- **BUSINESS PHONE:** 800-955-9988

**MAIL ADDRESS:**
- **STREET 1:** 1875 LAWRENCE STREET
- **STREET 2:** SUITE 300
- **CITY:** DENVER
- **STATE:** CO
- **ZIP:** 80202-1805

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** SHELTON GREATER CHINA FUND
- **DATE OF NAME CHANGE:** 20110614

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** TAIWAN GREATER CHINA FUND
- **DATE OF NAME CHANGE:** 20040105

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** R O C TAIWAN FUND
- **DATE OF NAME CHANGE:** 19920703

## Series and Classes Contracts Data

### Shelton Equity Premium Income ETF (Series ID: S000092397)

| Class ID   | Class Name                        | Ticker Symbol   |
|:---|:---|:---|
| C000260372 | Shelton Equity Premium Income ETF |  |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **SHELTON EQUITY PREMIUM INCOME ETF** | **SHELTON EQUITY PREMIUM INCOME ETF** | |
| **Portfolio of Investments** | | |
| **9/30/2025** | | |
| **Security Description** | **Shares** |<br><br>**Value** |
| **Common Stock (96.54%)** |  |  |
| **Basic Materials (2.04%)** |  |  |
| Newmont Corp<sup>(a)</sup> | 4650 | $392042 |
| **Communications (18.96%)** |  |  |
| Alphabet Inc<sup>(a)</sup> | 3000 | 729300 |
| Amazon.com Inc\*<sup>,(a)</sup> | 3360 | 737755 |
| Arista Networks Inc\*<sup>,(a)</sup> | 2670 | 389046 |
| eBay Inc<sup>(a)</sup> | 4800 | 436560 |
| Meta Platforms Inc<sup>(a)</sup> | 900 | 660942 |
| Netflix Inc\*<sup>,(a)</sup> | 420 | 503546 |
| Verizon Communications Inc<sup>(a)</sup> | 4200 | 184590 |
| **Total Communications** |  | 3641739 |
| **Consumer, Cyclical (8.94%)** |  |  |
| DR Horton Inc<sup>(a)</sup> | 780 | 132187 |
| Fastenal Co<sup>(a)</sup> | 8700 | 426648 |
| General Motors Co<sup>(a)</sup> | 6570 | 400573 |
| Hilton Worldwide Holdings Inc<sup>(a)</sup> | 1230 | 319111 |
| Walmart Inc<sup>(a)</sup> | 4260 | 439036 |
| **Total Consumer, Cyclical** |  | 1717555 |
| **Consumer, Non-Cyclical (12.38%)** |  |  |
| CVS Health Corp<sup>(a)</sup> | 4260 | 321161 |
| Cardinal Health Inc<sup>(a)</sup> | 2580 | 404957 |
| The Hershey Co<sup>(a)</sup> | 2070 | 387194 |
| Johnson & Johnson<sup>(a)</sup> | 3330 | 617449 |
| Merck & Co Inc<sup>(a)</sup> | 5460 | 458258 |
| The Procter & Gamble Co<sup>(a)</sup> | 1230 | 188990 |
| **Total Consumer, Non-Cyclical** |  | 2378009 |
| **Energy (3.08%)** |  |  |
| Exxon Mobil Corp<sup>(a)</sup> | 5250 | 591938 |
| **Financial (15.56%)** |  |  |
| Berkshire Hathaway Inc\*<sup>,(a)</sup> | 810 | 407219 |
| CBRE Group Inc\*<sup>,(a)</sup> | 2490 | 392324 |
| The Goldman Sachs Group Inc<sup>(a)</sup> | 840 | 668934 |
| JPMorgan Chase & Co<sup>(a)</sup> | 1230 | 387979 |
| Mastercard Inc<sup>(a)</sup> | 840 | 477800 |
| The Travelers Cos Inc<sup>(a)</sup> | 1230 | 343441 |
| Wells Fargo & Co<sup>(a)</sup> | 3720 | 311810 |
| **Total Financial** |  | 2989507 |
| **Industrial (5.49%)** |  |  |
| Caterpillar Inc<sup>(a)</sup> | 1680 | 801612 |
| Norfolk Southern Corp<sup>(a)</sup> | 840 | 252344 |
| **Total Industrial** |  | 1053956 |
| **Technology (27.46%)** |  |  |
| Advanced Micro Devices Inc\*<sup>,(a)</sup> | 2310 | 373735 |
| Apple Inc<sup>(a)</sup> | 3930 | 1000694 |
| Broadcom Inc<sup>(a)</sup> | 2160 | 712606 |
| International Business Machines Corp<sup>(a)</sup> | 1530 | 431705 |
| Intuit Inc<sup>(a)</sup> | 570 | 389259 |
| Leidos Holdings Inc<sup>(a)</sup> | 1290 | 243758 |
| Microsoft Corp<sup>(a)</sup> | 1470 | 761387 |
| NVIDIA Corp<sup>(a)</sup> | 4380 | 817220 |
| Oracle Corp<sup>(a)</sup> | 1080 | 303739 |
| Texas Instruments Inc<sup>(a)</sup> | 1320 | 242524 |
| **Total Technology** |  | 5276627 |
| **Utilities (2.63%)** |  |  |
| NRG Energy Inc<sup>(a)</sup> | 3120 | 505284 |
| **Total Common Stock (Cost $18,271,053)** |  | 18546657 |
| **Total Investments (Cost $18,271,053) (96.54%)** |  | $18546657 |
| **Other Net Assets (3.46%)** |  | 665023 |
| **Net Assets (100.00%)** |  | $19211680 |

---

\* Non-income producing security.

(a) A portion of these securities, a total of $8,143,188, have been pledged or segregated in connection with obligations for written call options.

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Written Call Options** | **Expiration Date** | **Contracts** | **Strike Price** | **Notional Amount** | **Value** |
| Advanced Micro Devices Inc | 10/17/2025 | (2) | 165.00 | $33000 | $(1016) |
| Advanced Micro Devices Inc | 10/17/2025 | (2) | 170.00 | 34000 | (668) |
| Advanced Micro Devices Inc | 10/17/2025 | (5) | 175.00 | 87500 | (1080) |
| Alphabet Inc | 10/17/2025 | (3) | 245.00 | 73500 | (1740) |
| Alphabet Inc | 10/17/2025 | (7) | 260.00 | 182000 | (1078) |
| Alphabet Inc | 10/17/2025 | (1) | 265.00 | 26500 | (96) |
| Amazon.com Inc | 10/17/2025 | (2) | 235.00 | 47000 | (234) |
| Amazon.com Inc | 10/17/2025 | (10) | 245.00 | 245000 | (420) |
| Apple Inc | 10/17/2025 | (9) | 245.00 | 220500 | (10665) |
| Apple Inc | 10/17/2025 | (4) | 250.00 | 100000 | (3176) |
| Apple Inc | 10/17/2025 | (2) | 260.00 | 52000 | (556) |
| Arista Networks Inc | 10/17/2025 | (11) | 155.00 | 170500 | (2640) |
| Berkshire Hathaway Inc | 10/17/2025 | (3) | 505.00 | 151500 | (1686) |
| Berkshire Hathaway Inc | 10/17/2025 | (1) | 520.00 | 52000 | (124) |
| Broadcom Inc | 10/17/2025 | (2) | 360.00 | 72000 | (552) |
| Broadcom Inc | 10/17/2025 | (2) | 370.00 | 74000 | (350) |
| Broadcom Inc | 10/17/2025 | (4) | 390.00 | 156000 | (276) |
| Cardinal Health Inc | 10/17/2025 | (12) | 155.00 | 186000 | (5640) |
| Caterpillar Inc | 10/17/2025 | (2) | 440.00 | 88000 | (7840) |
| Caterpillar Inc | 10/17/2025 | (4) | 450.00 | 180000 | (11696) |
| Caterpillar Inc | 10/17/2025 | (2) | 480.00 | 96000 | (1560) |
| CBRE Group Inc | 10/17/2025 | (1) | 165.00 | 16500 | (90) |
| CBRE Group Inc | 10/17/2025 | (11) | 170.00 | 187000 | (385) |
| CVS Health Corp | 10/17/2025 | (18) | 77.50 | 139500 | (2502) |
| CVS Health Corp | 10/17/2025 | (1) | 80.00 | 8000 | (81) |
| DR Horton Inc | 10/17/2025 | (2) | 185.00 | 37000 | (102) |
| DR Horton Inc | 10/17/2025 | (1) | 190.00 | 19000 | (25) |
| eBay Inc | 10/17/2025 | (12) | 92.50 | 111000 | (2232) |
| eBay Inc | 10/17/2025 | (8) | 95.00 | 76000 | (840) |
| Exxon Mobil Corp | 10/17/2025 | (6) | 115.00 | 69000 | (726) |
| Exxon Mobil Corp | 10/17/2025 | (18) | 120.00 | 216000 | (486) |
| Fastenal Co | 10/17/2025 | (41) | 50.00 | 205000 | (4100) |
| General Motors Co | 10/17/2025 | (15) | 60.00 | 90000 | (2985) |
| General Motors Co | 10/17/2025 | (9) | 62.50 | 56250 | (756) |
| The Goldman Sachs Group Inc | 10/17/2025 | (1) | 770.00 | 77000 | (3600) |
| The Goldman Sachs Group Inc | 10/17/2025 | (2) | 810.00 | 162000 | (3380) |
| The Goldman Sachs Group Inc | 10/17/2025 | (1) | 850.00 | 85000 | (600) |
| The Hershey Co | 10/17/2025 | (1) | 195.00 | 19500 | (129) |
| The Hershey Co | 10/17/2025 | (7) | 200.00 | 140000 | (294) |
| Hilton Worldwide Holdings Inc | 10/17/2025 | (1) | 270.00 | 27000 | (215) |
| Hilton Worldwide Holdings Inc | 10/17/2025 | (3) | 290.00 | 87000 | (75) |
| International Business Machines Corp | 10/17/2025 | (2) | 255.00 | 51000 | (6150) |
| International Business Machines Corp | 10/17/2025 | (4) | 270.00 | 108000 | (6540) |
| International Business Machines Corp | 10/17/2025 | (1) | 275.00 | 27500 | (1183) |
| Intuit Inc | 10/17/2025 | (2) | 680.00 | 136000 | (3386) |
| Johnson & Johnson | 10/17/2025 | (3) | 180.00 | 54000 | (2100) |
| Johnson & Johnson | 10/17/2025 | (9) | 185.00 | 166500 | (3312) |
| JPMorgan Chase & Co | 10/17/2025 | (1) | 315.00 | 31500 | (815) |
| JPMorgan Chase & Co | 10/17/2025 | (2) | 320.00 | 64000 | (1126) |
| JPMorgan Chase & Co | 10/17/2025 | (1) | 330.00 | 33000 | (245) |
| Leidos Holdings Inc | 10/17/2025 | (2) | 185.00 | 37000 | (1402) |
| Leidos Holdings Inc | 10/17/2025 | (2) | 190.00 | 38000 | (730) |
| Mastercard Inc | 10/17/2025 | (1) | 585.00 | 58500 | (423) |
| Mastercard Inc | 10/17/2025 | (3) | 610.00 | 183000 | (186) |
| Merck & Co Inc | 10/17/2025 | (2) | 80.00 | 16000 | (958) |
| Merck & Co Inc | 10/17/2025 | (17) | 85.00 | 144500 | (2890) |
| Merck & Co Inc | 10/17/2025 | (6) | 90.00 | 54000 | (228) |
| Meta Platforms Inc | 10/17/2025 | (1) | 780.00 | 78000 | (457) |
| Meta Platforms Inc | 10/17/2025 | (2) | 790.00 | 158000 | (616) |
| Meta Platforms Inc | 10/17/2025 | (1) | 810.00 | 81000 | (158) |
| Microsoft Corp | 10/17/2025 | (2) | 520.00 | 104000 | (1690) |
| Microsoft Corp | 10/17/2025 | (5) | 530.00 | 265000 | (2190) |
| Netflix Inc | 10/17/2025 | (1) | 1250.00 | 125000 | (1140) |
| Netflix Inc | 10/17/2025 | (2) | 1280.00 | 256000 | (1194) |
| Netflix Inc | 10/17/2025 | (1) | 1340.00 | 134000 | (148) |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| Newmont Corp | 10/17/2025 | (6) | 80.0 | 48000 | (3330) |
| Newmont Corp | 10/17/2025 | (14) | 82.5 | 115500 | (5390) |
| Newmont Corp | 10/17/2025 | (2) | 88.0 | 17600 | (268) |
| Newmont Corp | 10/17/2025 | (1) | 90.0 | 9000 | (96) |
| Norfolk Southern Corp | 10/17/2025 | (3) | 290.0 | 87000 | (3720) |
| Norfolk Southern Corp | 10/17/2025 | (1) | 300.0 | 30000 | (516) |
| NRG Energy Inc | 10/17/2025 | (3) | 160.0 | 48000 | (2145) |
| NRG Energy Inc | 10/17/2025 | (1) | 175.0 | 17500 | (172) |
| NRG Energy Inc | 10/17/2025 | (9) | 180.0 | 162000 | (900) |
| NVIDIA Corp | 10/17/2025 | (5) | 180.0 | 90000 | (5100) |
| NVIDIA Corp | 10/17/2025 | (2) | 185.0 | 37000 | (1400) |
| NVIDIA Corp | 10/17/2025 | (14) | 190.0 | 266000 | (6300) |
| Oracle Corp | 10/17/2025 | (1) | 250.0 | 25000 | (3316) |
| Oracle Corp | 10/17/2025 | (1) | 320.0 | 32000 | (305) |
| Oracle Corp | 10/17/2025 | (5) | 330.0 | 165000 | (1050) |
| The Procter & Gamble Co | 10/17/2025 | (1) | 155.0 | 15500 | (189) |
| The Procter & Gamble Co | 10/17/2025 | (2) | 160.0 | 32000 | (108) |
| The Procter & Gamble Co | 10/17/2025 | (1) | 165.0 | 16500 | (17) |
| Texas Instruments Inc | 10/17/2025 | (3) | 190.0 | 57000 | (720) |
| Texas Instruments Inc | 10/17/2025 | (1) | 195.0 | 19500 | (128) |
| The Travelers Cos Inc | 10/17/2025 | (1) | 280.0 | 28000 | (726) |
| The Travelers Cos Inc | 10/17/2025 | (3) | 290.0 | 87000 | (855) |
| Verizon Communications Inc | 10/17/2025 | (3) | 44.0 | 13200 | (141) |
| Verizon Communications Inc | 10/17/2025 | (18) | 45.0 | 81000 | (216) |
| Walmart Inc | 10/17/2025 | (20) | 105.0 | 210000 | (2100) |
| Walmart Inc | 10/17/2025 | (1) | 110.0 | 11000 | (18) |
| Wells Fargo & Co | 10/17/2025 | (14) | 85.0 | 119000 | (2772) |
| Wells Fargo & Co | 10/17/2025 | (1) | 87.5 | 8750 | (107) |
| Wells Fargo & Co | 10/17/2025 | (1) | 90.0 | 9000 | (52) |
| **Total Written Call Options** |  |  |  | $8415300 | $(158120) |
| **(Premiums Received $120,083)** |  |  |  |  |  |

---

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** SCM Trust

- **b. Investment Company Act file number:** 811-05617

- **c. CIK number of Registrant:** 0000836267

- **d. LEI of Registrant:** 254900SUSEM61EA08I06

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

  - **Street Address 1:** 1125 17th Street, Ste. 2550

  - **City:** Denver

  - **State:** CO

  - **Foreign country:** US

  - **Zip / Postal Code:** 80202

  - **Telephone number:** 8009559988

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

- **a. Name of Series:** Shelton Equity Premium Income ETF

- **b. EDGAR series identifier (if any):** S000092397

- **c. LEI of Series:** 529900FUWHL0BZDWBN75

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

- **a. Date of fiscal year-end:** 2025-12-31

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $19373811.76

**Total Liabilities:** $162131.50

**Net Assets:** $19211680.26

**Cash Not Reported:** $825805.33

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000260372 |  |  | 2.50%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  |  |  |
| Month 2  |  |  |
| Month 3  | $-5.40                   | $237567.05                                 |

**Designated Index Information**

- **Index Name:** S&P 500

- **Index Identifier:** SPX

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Alphabet Inc.                         | Alphabet Inc. CAP STK CL A                | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |      3000 | NS      | $729300.00    | 3.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Arista Networks Inc                   | Arista Networks Inc COM SHS               | CUSIP: 040413205<br>LEI: 635400H1WKBLOQERUU95 | Long             | EC               | CORP              | US        |      2670 | NS      | $389045.70    | 2.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Berkshire Hathaway Inc.               | Berkshire Hathaway Inc. CL B NEW          | CUSIP: 084670702<br>LEI: 5493000C01ZX7D35SD85 | Long             | EC               | CORP              | US        |       810 | NS      | $407219.40    | 2.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple Inc.                            | Apple Inc. COM                            | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |      3930 | NS      | $1000695.90   | 5.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Netflix, Inc.                         | Netflix, Inc. COM                         | CUSIP: 64110L106<br>LEI: 549300Y7VHGU0I7CE873 | Long             | EC               | CORP              | US        |       420 | NS      | $503546.40    | 2.62%             |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA Corp.                          | NVIDIA Corp. COM                          | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |      4380 | NS      | $817220.40    | 4.25%             |  |  |  | No            |                  1 | On Loan: No      |
| NRG Energy, Inc.                      | NRG Energy, Inc. COM NEW                  | CUSIP: 629377508<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | EC               | CORP              | US        |      3120 | NS      | $505284.00    | 2.63%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase & Co.                  | JPMorgan Chase & Co. COM                  | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |      1230 | NS      | $387978.90    | 2.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Meta Platforms Inc                    | Meta Platforms Inc CL A                   | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |       900 | NS      | $660942.00    | 3.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Advanced Micro Devices Inc.           | Advanced Micro Devices Inc. COM           | CUSIP: 007903107<br>LEI: R2I72C950HOYXII45366 | Long             | EC               | CORP              | US        |      2310 | NS      | $373734.90    | 1.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Amazon.com, Inc.                      | Amazon.com, Inc. COM                      | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |      3360 | NS      | $737755.20    | 3.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadcom Inc                          | Broadcom Inc COM                          | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |      2160 | NS      | $712605.60    | 3.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Cardinal Health, Inc.                 | Cardinal Health, Inc. COM                 | CUSIP: 14149Y108<br>LEI: CCU46N3GJMF4OK4N7U60 | Long             | EC               | CORP              | US        |      2580 | NS      | $404956.80    | 2.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Caterpillar Inc                       | Caterpillar Inc COM                       | CUSIP: 149123101<br>LEI: WRJR7GS4GTRECRRTVX92 | Long             | EC               | CORP              | US        |      1680 | NS      | $801612.00    | 4.17%             |  |  |  | No            |                  1 | On Loan: No      |
| CBRE Group Inc.                       | CBRE Group Inc. CL A                      | CUSIP: 12504L109<br>LEI: 52990016II9MJ2OSWA10 | Long             | EC               | CORP              | US        |      2490 | NS      | $392324.40    | 2.04%             |  |  |  | No            |                  1 | On Loan: No      |
| CVS Health Corp                       | CVS Health Corp COM                       | CUSIP: 126650100<br>LEI: 549300EJG376EN5NQE29 | Long             | EC               | CORP              | US        |      4260 | NS      | $321161.40    | 1.67%             |  |  |  | No            |                  1 | On Loan: No      |
| D.R. Horton, Inc.                     | D.R. Horton, Inc. COM                     | CUSIP: 23331A109<br>LEI: 529900ZIUEYVSB8QDD25 | Long             | EC               | CORP              | US        |       780 | NS      | $132186.60    | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| eBay Inc.                             | eBay Inc. COM                             | CUSIP: 278642103<br>LEI: OML71K8X303XQONU6T67 | Long             | EC               | CORP              | US        |      4800 | NS      | $436560.00    | 2.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Fastenal Co.                          | Fastenal Co. COM                          | CUSIP: 311900104<br>LEI: 529900PP0C7H2HHPSJ32 | Long             | EC               | CORP              | US        |      8700 | NS      | $426648.00    | 2.22%             |  |  |  | No            |                  1 | On Loan: No      |
| General Motors Company                | General Motors Company COM                | CUSIP: 37045V100<br>LEI: 54930070NSV60J38I987 | Long             | EC               | CORP              | US        |      6570 | NS      | $400572.90    | 2.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs Group, Inc.             | Goldman Sachs Group, Inc. COM             | CUSIP: 38141G104<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | EC               | CORP              | US        |       840 | NS      | $668934.00    | 3.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Hilton Worldwide Holdings Inc         | Hilton Worldwide Holdings Inc COM         | CUSIP: 43300A203<br>LEI: 549300HVGPK36ICB0B89 | Long             | EC               | CORP              | US        |      1230 | NS      | $319111.20    | 1.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Hershey Co. (The)                     | Hershey Co. (The) COM                     | CUSIP: 427866108<br>LEI: 21X2CX66SU2BR6QTAD08 | Long             | EC               | CORP              | US        |      2070 | NS      | $387193.50    | 2.02%             |  |  |  | No            |                  1 | On Loan: No      |
| International Business Machines Corp. | International Business Machines Corp. COM | CUSIP: 459200101<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | EC               | CORP              | US        |      1530 | NS      | $431704.80    | 2.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Intuit Inc                            | Intuit Inc COM                            | CUSIP: 461202103<br>LEI: VI90HBPH7XSFMB9E4M29 | Long             | EC               | CORP              | US        |       570 | NS      | $389258.70    | 2.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Johnson & Johnson                     | Johnson & Johnson COM                     | CUSIP: 478160104<br>LEI: 549300G0CFPGEF6X2043 | Long             | EC               | CORP              | US        |      3330 | NS      | $617448.60    | 3.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Leidos Holdings Inc                   | Leidos Holdings Inc COM                   | CUSIP: 525327102<br>LEI: 549300IUTGTP6EJP8124 | Long             | EC               | CORP              | US        |      1290 | NS      | $243758.40    | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| MasterCard Incorporated               | MasterCard Incorporated CL A              | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               | CORP              | US        |       840 | NS      | $477800.40    | 2.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Merck & Co., Inc                      | Merck & Co., Inc COM                      | CUSIP: 58933Y105<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | EC               | CORP              | US        |      5460 | NS      | $458257.80    | 2.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corp.                       | Microsoft Corp. COM                       | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |      1470 | NS      | $761386.50    | 3.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Newmont Corporation                   | Newmont Corporation COM                   | CUSIP: 651639106<br>LEI: 549300VSP3RIX7FGDZ51 | Long             | EC               | CORP              | US        |      4650 | NS      | $392041.50    | 2.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Norfolk Southern Corporation          | Norfolk Southern Corporation COM          | CUSIP: 655844108<br>LEI: 54930036C8MWP850MI84 | Long             | EC               | CORP              | US        |       840 | NS      | $252344.40    | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Oracle Corp.                          | Oracle Corp. COM                          | CUSIP: 68389X105<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | EC               | CORP              | US        |      1080 | NS      | $303739.20    | 1.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Travelers Companies, Inc.             | Travelers Companies, Inc. COM             | CUSIP: 89417E109<br>LEI: 549300Y650407RU8B149 | Long             | EC               | CORP              | US        |      1230 | NS      | $343440.60    | 1.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Wells Fargo & Co.                     | Wells Fargo & Co. COM                     | CUSIP: 949746101<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | EC               | CORP              | US        |      3720 | NS      | $311810.40    | 1.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Exxon Mobil Corp.                     | Exxon Mobil Corp. COM                     | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |      5250 | NS      | $591937.50    | 3.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Instruments Inc.                | Texas Instruments Inc. COM                | CUSIP: 882508104<br>LEI: WDJNR2L6D8RWOEB8T652 | Long             | EC               | CORP              | US        |      1320 | NS      | $242523.60    | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Walmart Inc                           | Walmart Inc COM                           | CUSIP: 931142103<br>LEI: Y87794H0US1R65VBXU25 | Long             | EC               | CORP              | US        |      4260 | NS      | $439035.60    | 2.29%             |  |  |  | No            |                  1 | On Loan: No      |
| The Procter & Gamble Co.              | The Procter & Gamble Co. COM              | CUSIP: 742718109<br>LEI: 2572IBTT8CCZW6AU4141 | Long             | EC               | CORP              | US        |      1230 | NS      | $188989.50    | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Verizon Communications Inc.           | Verizon Communications Inc. COM           | CUSIP: 92343V104<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | EC               | CORP              | US        |      4200 | NS      | $184590.00    | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                   | AAPL US 10/17/25 C245                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |        -9 | NS      | $-10665.00    | -0.06%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                   | AAPL US 10/17/25 C250                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |        -4 | NS      | $-3176.00     | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                   | AAPL US 10/17/25 C260                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |        -2 | NS      | $-556.00      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                   | AMD US 10/17/25 C165                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |        -2 | NS      | $-1016.00     | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                   | AMD US 10/17/25 C170                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |        -2 | NS      | $-668.00      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                   | AMD US 10/17/25 C175                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |        -5 | NS      | $-1080.00     | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                   | AMZN US 10/17/25 C235                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |        -2 | NS      | $-234.00      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                   | AMZN US 10/17/25 C245                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |       -10 | NS      | $-420.00      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                   | ANET US 10/17/25 C155                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |       -11 | NS      | $-2640.00     | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                   | AVGO US 10/17/25 C360                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |        -2 | NS      | $-552.00      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                   | AVGO US 10/17/25 C370                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |        -2 | NS      | $-350.00      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                   | AVGO US 10/17/25 C390                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |        -4 | NS      | $-276.00      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                   | BRKB US 10/17/25 C505                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |        -3 | NS      | $-1686.00     | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                   | BRKB US 10/17/25 C520                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |        -1 | NS      | $-124.00      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                   | CAH US 10/17/25 C155                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |       -12 | NS      | $-5640.00     | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                   | CAT US 10/17/25 C440                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |        -2 | NS      | $-7840.00     | -0.04%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                   | CAT US 10/17/25 C450                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |        -4 | NS      | $-11696.00    | -0.06%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                   | CAT US 10/17/25 C480                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |        -2 | NS      | $-1560.00     | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                   | CBRE US 10/17/25 C165                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |        -1 | NS      | $-90.00       | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                   | CBRE US 10/17/25 C170                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |       -11 | NS      | $-385.00      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                   | CVS US 10/17/25 C77.5                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |       -18 | NS      | $-2502.00     | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                   | CVS US 10/17/25 C80                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |        -1 | NS      | $-81.00       | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                   | DHI US 10/17/25 C185                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |        -2 | NS      | $-102.00      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                   | DHI US 10/17/25 C190                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |        -1 | NS      | $-25.00       | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                   | EBAY US 10/17/25 C92.5                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |       -12 | NS      | $-2232.00     | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                   | EBAY US 10/17/25 C95                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |        -8 | NS      | $-840.00      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                   | FAST US 10/17/25 C50                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |       -41 | NS      | $-4100.00     | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                   | GM US 10/17/25 C60                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |       -15 | NS      | $-2985.00     | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                   | GM US 10/17/25 C62.5                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |        -9 | NS      | $-756.00      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                   | GOOGL US 10/17/25 C245                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |        -3 | NS      | $-1740.00     | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                   | GOOGL US 10/17/25 C260                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |        -7 | NS      | $-1078.00     | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                   | GOOGL US 10/17/25 C265                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |        -1 | NS      | $-96.00       | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                   | GS US 10/17/25 C770                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |        -1 | NS      | $-3600.00     | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                   | GS US 10/17/25 C810                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |        -2 | NS      | $-3380.00     | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                   | GS US 10/17/25 C850                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |        -1 | NS      | $-600.00      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                   | HLT US 10/17/25 C270                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |        -1 | NS      | $-215.00      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                   | HLT US 10/17/25 C290                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |        -3 | NS      | $-75.00       | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                   | HSY US 10/17/25 C195                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |        -1 | NS      | $-129.00      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                   | HSY US 10/17/25 C200                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |        -7 | NS      | $-294.00      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                   | IBM US 10/17/25 C255                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |        -2 | NS      | $-6150.00     | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                   | IBM US 10/17/25 C270                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |        -4 | NS      | $-6540.00     | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                   | IBM US 10/17/25 C275                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |        -1 | NS      | $-1183.00     | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                   | INTU US 10/17/25 C680                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |        -2 | NS      | $-3386.00     | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                   | JNJ US 10/17/25 C180                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |        -3 | NS      | $-2100.00     | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                   | JNJ US 10/17/25 C185                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |        -9 | NS      | $-3312.00     | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                   | JPM US 10/17/25 C315                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |        -1 | NS      | $-815.00      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                   | JPM US 10/17/25 C320                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |        -2 | NS      | $-1126.00     | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                   | JPM US 10/17/25 C330                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |        -1 | NS      | $-245.00      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                   | LDOS US 10/17/25 C185                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |        -2 | NS      | $-1402.00     | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                   | LDOS US 10/17/25 C190                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |        -2 | NS      | $-730.00      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                   | MA US 10/17/25 C585                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |        -1 | NS      | $-423.00      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                   | MA US 10/17/25 C610                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |        -3 | NS      | $-186.00      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                   | META US 10/17/25 C780                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |        -1 | NS      | $-457.00      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                   | META US 10/17/25 C790                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |        -2 | NS      | $-616.00      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                   | META US 10/17/25 C810                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |        -1 | NS      | $-158.00      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                   | MRK US 10/17/25 C80                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |        -2 | NS      | $-958.00      | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                   | MRK US 10/17/25 C85                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |       -17 | NS      | $-2890.00     | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                   | MRK US 10/17/25 C90                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |        -6 | NS      | $-228.00      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                   | MSFT US 10/17/25 C520                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |        -2 | NS      | $-1690.00     | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                   | MSFT US 10/17/25 C530                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |        -5 | NS      | $-2190.00     | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                   | NEM US 10/17/25 C80                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |        -6 | NS      | $-3330.00     | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                   | NEM US 10/17/25 C82.5                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |       -14 | NS      | $-5390.00     | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                   | NEM US 10/17/25 C88                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |        -2 | NS      | $-268.00      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                   | NEM US 10/17/25 C90                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |        -1 | NS      | $-96.00       | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                   | NFLX US 10/17/25 C1250                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |        -1 | NS      | $-1140.00     | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                   | NFLX US 10/17/25 C1280                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |        -2 | NS      | $-1194.00     | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                   | NFLX US 10/17/25 C1340                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |        -1 | NS      | $-148.00      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                   | NRG US 10/17/25 C160                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |        -3 | NS      | $-2145.00     | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                   | NRG US 10/17/25 C175                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |        -1 | NS      | $-172.00      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                   | NRG US 10/17/25 C180                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |        -9 | NS      | $-900.00      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                   | NSC US 10/17/25 C290                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |        -3 | NS      | $-3720.00     | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                   | NSC US 10/17/25 C300                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |        -1 | NS      | $-516.00      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                   | NVDA US 10/17/25 C180                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |        -5 | NS      | $-5100.00     | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                   | NVDA US 10/17/25 C185                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |        -2 | NS      | $-1400.00     | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                   | NVDA US 10/17/25 C190                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |       -14 | NS      | $-6300.00     | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                   | ORCL US 10/17/25 C250                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |        -1 | NS      | $-3316.00     | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                   | ORCL US 10/17/25 C320                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |        -1 | NS      | $-305.00      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                   | ORCL US 10/17/25 C330                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |        -5 | NS      | $-1050.00     | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                   | PG US 10/17/25 C155                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |        -1 | NS      | $-189.00      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                   | PG US 10/17/25 C160                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |        -2 | NS      | $-108.00      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                   | PG US 10/17/25 C165                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |        -1 | NS      | $-17.00       | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                   | TRV US 10/17/25 C280                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |        -1 | NS      | $-726.00      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                   | TRV US 10/17/25 C290                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |        -3 | NS      | $-855.00      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                   | TXN US 10/17/25 C190                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |        -3 | NS      | $-720.00      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                   | TXN US 10/17/25 C195                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |        -1 | NS      | $-128.00      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                   | VZ US 10/17/25 C44                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |        -3 | NS      | $-141.00      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                   | VZ US 10/17/25 C45                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |       -18 | NS      | $-216.00      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                   | WFC US 10/17/25 C85                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |       -14 | NS      | $-2772.00     | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                   | WFC US 10/17/25 C87.5                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |        -1 | NS      | $-107.00      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                   | WFC US 10/17/25 C90                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |        -1 | NS      | $-52.00       | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                   | WMT US 10/17/25 C105                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |       -20 | NS      | $-2100.00     | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                   | WMT US 10/17/25 C110                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |        -1 | NS      | $-18.00       | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                   | XOM US 10/17/25 C115                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |        -6 | NS      | $-726.00      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                   | XOM US 10/17/25 C120                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |       -18 | NS      | $-486.00      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-12-01

**Name of Applicant:** SCM Trust

**Signature:** /s/ Gregory Pusch

**Name of Signer:** Gregory Pusch

**Title:** General Counsel and CCO