# EDGAR Filing Document

**Accession Number:** 0001484018
**File Stem:** 0002000324-25-002138
**Filing Date:** 2025-6
**Character Count:** 110871
**Document Hash:** df8cf07c26836a43970e4242c04cc8ca
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002000324-25-002138.hdr.sgml**: 20250625

**ACCESSION NUMBER**: 0002000324-25-002138

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250430

**FILED AS OF DATE**: 20250625

**DATE AS OF CHANGE**: 20250625

**PERIOD START**: 20251031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Spinnaker ETF Series
- **CENTRAL INDEX KEY:** 0001484018

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0831

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22398
- **FILM NUMBER:** 251072461

**BUSINESS ADDRESS:**
- **STREET 1:** 116 SOUTH FRANKLIN STREET
- **STREET 2:** POST OFFICE BOX 69
- **CITY:** ROCKY MOUNT
- **STATE:** NC
- **ZIP:** 27802-0069
- **BUSINESS PHONE:** 252-972-9922

**MAIL ADDRESS:**
- **STREET 1:** 116 SOUTH FRANKLIN STREET
- **STREET 2:** POST OFFICE BOX 69
- **CITY:** ROCKY MOUNT
- **STATE:** NC
- **ZIP:** 27802-0069

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Spinnaker ETF Trust
- **DATE OF NAME CHANGE:** 20100212

## Series and Classes Contracts Data

### Indexperts Quality Earnings Focused ETF (Series ID: S000088673)

| Class ID   | Class Name                              | Ticker Symbol   |
|:---|:---|:---|
| C000255013 | Indexperts Quality Earnings Focused ETF | QIDX            |

## Nport-Ex

---

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| XTR_FUND | XTR_FNDDSC | XTR_TKR | XTR_DESC1 | XTR_DESC2 | OCC_ID | XTR_CUSIP | XTR_GROUP | XTR_GROUP1 | XTR_GROUP2 | XTR_CATGRY | XTR_CATDSC | XTR_SECTOR | XTR_SECTR1 | XTR_SECTR2 | XTR_CONTRY | XTR_CONDSC | XTR_STATE | XTR_STNAME | XTR_CURNCY | XTR_CURDSC | XTR_MATDAT | XTR_SUBUNT | XTR_SUBDSC | XTR_PRICE | SECTYPE | SECTYPE2 | RPT_ID | INCLUD_CAT | LEGAL1 | LEGAL2 | LEGAL3 | LEGAL4 | LEGAL5 | LEGAL6 | BAS_Q_DECS | BAS_M_DECS | LCL_P_DECS | LCL_Q_DECS | ISBASCURR | POS_INCOM | CLASS | QTYINDIC | FAS_LEVEL | PROCESS_DATE | SECTOR | FUNDCURR | BASECURR | POS_QTY | POS_ORGCST | POS_AMORT | POS_MKTVAL | RND_MKTVAL | POS_GL | RNDPOS_GL | POS_YIELD | YIELDTOCALL | POS_YTM | POS_YTM_NA | POS_PC_PRT | POS_PC_AST | POS_PC_NAS | POS_ORGFAC | FAS_TODAY_ONLY | LEI | PRICE_ID | PRICINGMETHOD |
| 449 | INDEXPERTS QUALITY EARNINGS | DXCM | DEXCOM INC COM |  |  | 252131107 |  | UNGROUPED SECURITIES |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES |  |  | USD | US DOLLAR | 1/0/1900 |  |  | 71.38 |  |  |  |  | DEXCOM INC COM |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 | L<br> N |  |  | 4/30/2025<br> C |  | 449;USD | USD | 1361.00 | 113695.35 | 113695.35 | 97148.18 | 97148.18 | -16547.17 | -16547.17 | 0.00 | False | 0.00 | N/A | 0.39 | 0.39 | 0.39 | 0.00 |  |  | DXCM<br> N | MP |
| 449 | INDEXPERTS QUALITY EARNINGS | CW | Curtiss-Wright Corp |  |  | 231561101 | 1002 | Defense |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | NC | NORTH CAROLINA | USD | US DOLLAR | 1/0/1900 |  |  | 344.89 |  |  |  |  | Curtiss-Wright Corp |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 381.84 | L<br> N |  |  | 4/30/2025<br> C |  | 449;USD | USD | 516.00 | 177878.01 | 177878.01 | 177963.24 | 177963.24 | 85.23 | 85.23 | 0.21 | False | 0.00 | N/A | 0.72 | 0.72 | 0.72 | 0.00 |  |  | CW<br> N | MP |
| 449 | INDEXPERTS QUALITY EARNINGS | LHX | L3Harris Technologie | s Inc |  | 502431109 | 1002 | Defense |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | FL | FLORIDA | USD | US DOLLAR | 1/0/1900 |  |  | 220.02 |  |  |  |  | L3Harris Technologie | s Inc |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 | L<br> N |  |  | 4/30/2025<br> C |  | 449;USD | USD | 789.00 | 164707.75 | 164707.75 | 173595.78 | 173595.78 | 8888.03 | 8888.03 | 0.00 | False | 0.00 | N/A | 0.70 | 0.70 | 0.70 | 0.00 |  | 549300UTE50ZMDBG8A20 | LHX<br> N | MP |
| 449 | INDEXPERTS QUALITY EARNINGS | TPB | Turning Point Brands | Inc |  | 90041L105 | 1006 | Agriculture |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | KY | KENTUCKY | USD | US DOLLAR | 1/0/1900 |  |  | 61.38 |  |  |  |  | Turning Point Brands | Inc |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 | L<br> N |  |  | 4/30/2025<br> C |  | 449;USD | USD | 3109.00 | 197073.74 | 197073.74 | 190830.42 | 190830.42 | -6243.32 | -6243.32 | 0.00 | False | 0.00 | N/A | 0.77 | 0.77 | 0.77 | 0.00 |  |  | TPB<br> N | MP |
| 449 | INDEXPERTS QUALITY EARNINGS | DECK | Deckers Outdoor Corp |  |  | 243537107 | 1009 | Apparel |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | CA | CALIFORNIA | USD | US DOLLAR | 1/0/1900 |  |  | 110.83 |  |  |  |  | Deckers Outdoor Corp |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 | L<br> N |  |  | 4/30/2025<br> C |  | 449;USD | USD | 1131.00 | 197242.41 | 197242.41 | 125348.73 | 125348.73 | -71893.68 | -71893.68 | 0.00 | False | 0.00 | N/A | 0.51 | 0.50 | 0.51 | 0.00 |  |  | DECK<br> N | MP |
| 449 | INDEXPERTS QUALITY EARNINGS | RL | Ralph Lauren Corp |  |  | 751212101 | 1009 | Apparel |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | NY | NEW YORK | USD | US DOLLAR | 1/0/1900 |  |  | 224.95 |  |  |  |  | Ralph Lauren Corp |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 1833.00 | L<br> N |  |  | 4/30/2025<br> C |  | 449;USD | USD | 611.00 | 154652.70 | 154652.70 | 137444.45 | 137444.45 | -17208.25 | -17208.25 | 1.33 | False | 0.00 | N/A | 0.55 | 0.55 | 0.55 | 0.00 |  |  | RL<br> N | MP |
| 449 | INDEXPERTS QUALITY EARNINGS | PCAR | PACCAR Inc |  |  | 693718108 | 1012 | Auto Manufacturers |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | WA | WASHINGTON | USD | US DOLLAR | 1/0/1900 |  |  | 90.21 |  |  |  |  | PACCAR Inc |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 5936.00 | L<br> N |  |  | 4/30/2025<br> C |  | 449;USD | USD | 1400.00 | 147902.83 | 147902.83 | 126294.00 | 126294.00 | -21608.83 | -21608.83 | 4.70 | False | 0.00 | N/A | 0.51 | 0.51 | 0.51 | 0.00 |  |  | PCAR<br> N | MP |
| 449 | INDEXPERTS QUALITY EARNINGS | ALSN | Allison Transmission | Holdings Inc |  | 01973R101 | 1013 | Auto Parts |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | IN | INDIANA | USD | US DOLLAR | 1/0/1900 |  |  | 92.24 |  |  |  |  | Allison Transmission | Holdings Inc |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 | L<br> N |  |  | 4/30/2025<br> C |  | 449;USD | USD | 1495.00 | 160491.72 | 160491.72 | 137898.80 | 137898.80 | -22592.92 | -22592.92 | 0.00 | False | 0.00 | N/A | 0.56 | 0.56 | 0.56 | 0.00 |  |  | ALSN | MP |
| 449 | INDEXPERTS QUALITY EARNINGS | ALV | AUTOLIV INC |  |  | 052800109 | 1013 | Auto Parts |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES |  |  | USD | US DOLLAR | 1/0/1900 |  |  | 93.23 |  |  |  |  | AUTOLIV INC |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 2606.80 | L<br> N |  |  | 4/30/2025<br> C |  | 449;USD | USD | 980.00 | 92796.65 | 92796.65 | 91365.40 | 91365.40 | -1431.25 | -1431.25 | 2.85 | False | 0.00 | N/A | 0.37 | 0.37 | 0.37 | 0.00 |  |  | ALV<br> N | MP |
| 449 | INDEXPERTS QUALITY EARNINGS | THRM | Gentherm Inc |  |  | 37253A103 | 1013 | Auto Parts |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | MI | MICHIGAN | USD | US DOLLAR | 1/0/1900 |  |  | 26.01 |  |  |  |  | Gentherm Inc |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 | L<br> N |  |  | 4/30/2025<br> C |  | 449;USD | USD | 1372.00 | 49044.41 | 49044.41 | 35685.72 | 35685.72 | -13358.69 | -13358.69 | 0.00 | False | 0.00 | N/A | 0.14 | 0.14 | 0.14 | 0.00 |  |  | THRM<br> N | MP |
| 449 | INDEXPERTS QUALITY EARNINGS | REGN | Regeneron Pharmaceut | icals Inc |  | 75886F107 | 1017 | Biotech |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | NY | NEW YORK | USD | US DOLLAR | 1/0/1900 |  |  | 598.76 |  |  |  |  | Regeneron Pharmaceut | icals Inc |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 | L<br> N |  |  | 4/30/2025<br> C |  | 449;USD | USD | 164.00 | 113170.01 | 113170.01 | 98196.64 | 98196.64 | -14973.37 | -14973.37 | 0.00 | False | 0.00 | N/A | 0.40 | 0.40 | 0.40 | 0.00 |  |  | REGN | MP |
| 449 | INDEXPERTS QUALITY EARNINGS | VRTX | Vertex Pharmaceutica | ls Inc |  | 92532F100 | 1017 | Biotech |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | MA | MASSACHUSETTS | USD | US DOLLAR | 1/0/1900 |  |  | 509.50 |  |  |  |  | Vertex Pharmaceutica | ls Inc |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 | L<br> N |  |  | 4/30/2025<br> C |  | 449;USD | USD | 367.00 | 166222.07 | 166222.07 | 186986.50 | 186986.50 | 20764.43 | 20764.43 | 0.00 | False | 0.00 | N/A | 0.75 | 0.75 | 0.75 | 0.00 |  |  | VRTX<br> N | MP |
| 449 | INDEXPERTS QUALITY EARNINGS | TGLS | Tecnoglass Inc |  |  | G87264100 | 1020 | UNKNOWN - AUTOLOADED |  | COMMSTCK | COMMON STOCK |  |  |  | CO | COLUMBIA |  |  | USD | US DOLLAR | 1/0/1900 |  |  | 71.27 |  |  |  |  | Tecnoglass Inc |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 | L<br> N |  |  | 4/30/2025<br> C |  | 449;USD | USD | 1708.00 | 129162.58 | 129162.58 | 121729.16 | 121729.16 | -7433.42 | -7433.42 | 0.00 | False | 0.00 | N/A | 0.49 | 0.49 | 0.49 | 0.00 |  |  | TGLS<br> N | MP |
| 449 | INDEXPERTS QUALITY EARNINGS | CF | CF Industries Holdin | gs Inc |  | 125269100 | 1021 | Specialty Chemicals |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | IL | ILLINOIS | USD | US DOLLAR | 1/0/1900 |  |  | 78.37 |  |  |  |  | CF Industries Holdin | gs Inc |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 3184.00 | L<br> N |  |  | 4/30/2025<br> C |  | 449;USD | USD | 1990.00 | 167678.29 | 167678.29 | 155956.30 | 155956.30 | -11721.99 | -11721.99 | 2.04 | False | 0.00 | N/A | 0.63 | 0.63 | 0.63 | 0.00 |  |  | CF<br> N | MP |
| 449 | INDEXPERTS QUALITY EARNINGS | HWKN | Hawkins Inc |  |  | 420261109 | 1021 | Specialty Chemicals |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | MN | MINNESOTA | USD | US DOLLAR | 1/0/1900 |  |  | 121.78 |  |  |  |  | Hawkins Inc |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 687.58 | L<br> N |  |  | 4/30/2025<br> C |  | 449;USD | USD | 1109.00 | 125631.04 | 125631.04 | 135054.02 | 135054.02 | 9422.98 | 9422.98 | 0.51 | False | 0.00 | N/A | 0.54 | 0.54 | 0.54 | 0.00 |  |  | HWKN | MP |
| 449 | INDEXPERTS QUALITY EARNINGS | ROG | Rogers Corp |  |  | 775133101 | 1021 | Specialty Chemicals |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | AZ | ARIZONA | USD | US DOLLAR | 1/0/1900 |  |  | 61.81 |  |  |  |  | Rogers Corp |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 | L<br> N |  |  | 4/30/2025<br> C |  | 449;USD | USD | 712.00 | 63195.12 | 63195.12 | 44008.72 | 44008.72 | -19186.40 | -19186.40 | 0.00 | False | 0.00 | N/A | 0.18 | 0.18 | 0.18 | 0.00 |  |  | ROG<br> N | MP |
| 449 | INDEXPERTS QUALITY EARNINGS | SXT | Sensient Technologie | s Corp |  | 81725T100 | 1021 | Specialty Chemicals |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | WI | WISCONSIN | USD | US DOLLAR | 1/0/1900 |  |  | 93.95 |  |  |  |  | Sensient Technologie | s Corp |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 1902.40 | L<br> N |  |  | 4/30/2025<br> C |  | 449;USD | USD | 1160.00 | 84094.21 | 84094.21 | 108982.00 | 108982.00 | 24887.79 | 24887.79 | 1.75 | False | 0.00 | N/A | 0.44 | 0.44 | 0.44 | 0.00 |  |  | SXT<br> N | MP |
| 449 | INDEXPERTS QUALITY EARNINGS | CRVL | CorVel Corp |  |  | 221006109 | 1025 | Commercial Services |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | CA | CALIFORNIA | USD | US DOLLAR | 1/0/1900 |  |  | 108.76 |  |  |  |  | CorVel Corp |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 | L<br> N |  |  | 4/30/2025<br> C |  | 449;USD | USD | 1000.00 | 114409.14 | 114409.14 | 108760.00 | 108760.00 | -5649.14 | -5649.14 | 0.00 | False | 0.00 | N/A | 0.44 | 0.44 | 0.44 | 0.00 |  |  | CRVL<br> N | MP |
| 449 | INDEXPERTS QUALITY EARNINGS | PMTS | CPI Card Group Inc |  |  | 12634H200 | 1025 | Commercial Services |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | CO | COLORADO | USD | US DOLLAR | 1/0/1900 |  |  | 26.14 |  |  |  |  | CPI Card Group Inc |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 | L<br> N |  |  | 4/30/2025<br> C |  | 449;USD | USD | 4248.00 | 125507.41 | 125507.41 | 111042.72 | 111042.72 | -14464.69 | -14464.69 | 0.00 | False | 0.00 | N/A | 0.45 | 0.45 | 0.45 | 0.00 |  | 54930087HHJ1VWIJK062 | PMTS<br> N | MP |
| 449 | INDEXPERTS QUALITY EARNINGS | GPN | Global Payments Inc |  |  | 37940X102 | 1025 | Commercial Services |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | GA | GEORGIA | USD | US DOLLAR | 1/0/1900 |  |  | 76.31 |  |  |  |  | Global Payments Inc |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 1185.00 | L<br> N |  |  | 4/30/2025<br> C |  | 449;USD | USD | 1185.00 | 126450.11 | 126450.11 | 90427.35 | 90427.35 | -36022.76 | -36022.76 | 1.31 | False | 0.00 | N/A | 0.36 | 0.36 | 0.36 | 0.00 |  |  | GPN | MP |
| 449 | INDEXPERTS QUALITY EARNINGS | HCKT | Hackett Group Inc/Th | e |  | 404609109 | 1025 | Commercial Services |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | FL | FLORIDA | USD | US DOLLAR | 1/0/1900 |  |  | 25.54 |  |  |  |  | Hackett Group Inc/Th | e |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 | L<br> N |  |  | 4/30/2025<br> C |  | 449;USD | USD | 3231.00 | 97545.95 | 97545.95 | 82519.74 | 82519.74 | -15026.21 | -15026.21 | 0.00 | False | 0.00 | N/A | 0.33 | 0.33 | 0.33 | 0.00 |  |  | HCKT<br> N | MP |
| 449 | INDEXPERTS QUALITY EARNINGS | MAN | ManpowerGroup Inc |  |  | 56418H100 | 1025 | Commercial Services |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | WI | WISCONSIN | USD | US DOLLAR | 1/0/1900 |  |  | 43.07 |  |  |  |  | ManpowerGroup Inc |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 4565.82 | L<br> N |  |  | 4/30/2025<br> C |  | 449;USD | USD | 1553.00 | 87391.52 | 87391.52 | 66887.71 | 66887.71 | -20503.81 | -20503.81 | 6.83 | False | 0.00 | N/A | 0.27 | 0.27 | 0.27 | 0.00 |  |  | MAN | MP |
| 449 | INDEXPERTS QUALITY EARNINGS | MCO | Moody's Corp |  |  | 615369105 | 1025 | Commercial Services |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | NY | NEW YORK | USD | US DOLLAR | 1/0/1900 |  |  | 453.12 |  |  |  |  | Moody's Corp |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 2947.56 | L<br> N |  |  | 4/30/2025<br> C |  | 449;USD | USD | 957.00 | 464062.16 | 464062.16 | 433635.84 | 433635.84 | -30426.32 | -30426.32 | 0.68 | False | 0.00 | N/A | 1.75 | 1.75 | 1.75 | 0.00 |  |  | MCO<br> N | MP |
| 449 | INDEXPERTS QUALITY EARNINGS | SPGI | S&P Global Inc |  |  | 78409V104 | 1025 | Commercial Services |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | NY | NEW YORK | USD | US DOLLAR | 1/0/1900 |  |  | 500.05 |  |  |  |  | S&P Global Inc |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 2959.20 | L<br> N |  |  | 4/30/2025<br> C |  | 449;USD | USD | 822.00 | 419960.24 | 419960.24 | 411041.10 | 411041.10 | -8919.14 | -8919.14 | 0.72 | False | 0.00 | N/A | 1.66 | 1.66 | 1.66 | 0.00 |  |  | SPGI<br> N | MP |
| 449 | INDEXPERTS QUALITY EARNINGS | SCI | Service Corp Interna | tional/US |  | 817565104 | 1025 | Commercial Services |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | TX | TEXAS | USD | US DOLLAR | 1/0/1900 |  |  | 79.90 |  |  |  |  | Service Corp Interna | tional/US |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 1708.00 | L<br> N |  |  | 4/30/2025<br> C |  | 449;USD | USD | 1525.00 | 119002.16 | 119002.16 | 121847.50 | 121847.50 | 2845.34 | 2845.34 | 1.40 | False | 0.00 | N/A | 0.49 | 0.49 | 0.49 | 0.00 |  |  | SCI<br> N | MP |
| 449 | INDEXPERTS QUALITY EARNINGS | TNET | TriNet Group Inc |  |  | 896288107 | 1025 | Commercial Services |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | CA | CALIFORNIA | USD | US DOLLAR | 1/0/1900 |  |  | 78.33 |  |  |  |  | TriNet Group Inc |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 | L<br> N |  |  | 4/30/2025<br> C |  | 449;USD | USD | 888.00 | 74995.36 | 74995.36 | 69557.04 | 69557.04 | -5438.32 | -5438.32 | 0.00 | False | 0.00 | N/A | 0.28 | 0.28 | 0.28 | 0.00 |  |  | TNET<br> N | MP |
| 449 | INDEXPERTS QUALITY EARNINGS | VRSK | Verisk Analytics Inc |  |  | 92345Y106 | 1025 | Commercial Services |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | NJ | NEW JERSEY | USD | US DOLLAR | 1/0/1900 |  |  | 296.43 |  |  |  |  | Verisk Analytics Inc |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 878.56 | L<br> N |  |  | 4/30/2025<br> C |  | 449;USD | USD | 646.00 | 185590.79 | 185590.79 | 191493.78 | 191493.78 | 5902.99 | 5902.99 | 0.46 | False | 0.00 | N/A | 0.77 | 0.77 | 0.77 | 0.00 |  |  | VRSK<br> N | MP |
| 449 | INDEXPERTS QUALITY EARNINGS | CTSH | Cognizant Technology | Solutions Corp |  | 192446102 | 1027 | IT Services |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | NJ | NEW JERSEY | USD | US DOLLAR | 1/0/1900 |  |  | 73.57 |  |  |  |  | Cognizant Technology | Solutions Corp |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 5310.48 | L<br> N |  |  | 4/30/2025<br> C |  | 449;USD | USD | 4578.00 | 372968.53 | 372968.53 | 336803.46 | 336803.46 | -36165.07 | -36165.07 | 1.58 | False | 0.00 | N/A | 1.36 | 1.36 | 1.36 | 0.00 |  |  | CTSH<br> N | MP |
| 449 | INDEXPERTS QUALITY EARNINGS | EXLS | ExlService Holdings | Inc |  | 302081104 | 1027 | IT Services |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | NY | NEW YORK | USD | US DOLLAR | 1/0/1900 |  |  | 48.48 |  |  |  |  | ExlService Holdings | Inc |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 | L<br> N |  |  | 4/30/2025<br> C |  | 449;USD | USD | 2530.00 | 122038.60 | 122038.60 | 122654.40 | 122654.40 | 615.80 | 615.80 | 0.00 | False | 0.00 | N/A | 0.49 | 0.49 | 0.49 | 0.00 |  |  | EXLS<br> N | MP |
| 449 | INDEXPERTS QUALITY EARNINGS | AVNT | Avient Corp |  |  | 05368V106 | 1032 | Distribution/Wholesa | le | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | OH | OHIO | USD | US DOLLAR | 1/0/1900 |  |  | 33.31 |  |  |  |  | Avient Corp |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 1927.00 | L<br> N |  |  | 4/30/2025<br> C |  | 449;USD | USD | 1927.00 | 79181.31 | 79181.31 | 64188.37 | 64188.37 | -14992.94 | -14992.94 | 3.00 | False | 0.00 | N/A | 0.26 | 0.26 | 0.26 | 0.00 |  | SM8L9RZYIB34LNTWO040 | AVNT<br> N | MP |
| 449 | INDEXPERTS QUALITY EARNINGS | LKQ | LKQ Corp |  |  | 501889208 | 1032 | Distribution/Wholesa | le | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | IL | ILLINOIS | USD | US DOLLAR | 1/0/1900 |  |  | 38.21 |  |  |  |  | LKQ Corp |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 2460.38 | L<br> N |  |  | 4/30/2025<br> C |  | 449;USD | USD | 2187.00 | 85677.40 | 85677.40 | 83565.27 | 83565.27 | -2112.13 | -2112.13 | 2.94 | False | 0.00 | N/A | 0.34 | 0.34 | 0.34 | 0.00 |  |  | LKQ<br> N | MP |
| 449 | INDEXPERTS QUALITY EARNINGS | GWW | WW Grainger Inc |  |  | 384802104 | 1032 | Distribution/Wholesa | le | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | IL | ILLINOIS | USD | US DOLLAR | 1/0/1900 |  |  | 1024.31 |  |  |  |  | WW Grainger Inc |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 2635.30 | L<br> N |  |  | 4/30/2025<br> C |  | 449;USD | USD | 361.00 | 376515.89 | 376515.89 | 369775.91 | 369775.91 | -6739.98 | -6739.98 | 0.71 | False | 0.00 | N/A | 1.49 | 1.49 | 1.49 | 0.00 |  |  | GWW<br> N | MP |
| 449 | INDEXPERTS QUALITY EARNINGS | AAMI | ACADIAN ASSET | MANAGEMENT INC |  | 10948W103 | 1033 | Diversified Finan Se | rv | COMMSTCK | COMMON STOCK |  |  |  | UKS | UNITED KINGDOM |  |  | USD | US DOLLAR | 1/0/1900 |  |  | 26.94 |  |  |  |  | BrightSphere Investm | ent Group PLC |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 146.44 | L<br> N |  |  | 4/30/2025<br> C |  | 449;USD | USD | 3661.00 | 93525.28 | 93525.28 | 98627.34 | 98627.34 | 5102.06 | 5102.06 | 0.15 | False | 0.00 | N/A | 0.40 | 0.40 | 0.40 | 0.00 |  |  | AAMI<br> N | MP |
| 449 | INDEXPERTS QUALITY EARNINGS | AXP | American Express Co |  |  | 025816109 | 1033 | Diversified Finan Se | rv | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | NY | NEW YORK | USD | US DOLLAR | 1/0/1900 |  |  | 266.41 |  |  |  |  | American Express Co |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 5461.28 | L<br> N |  |  | 4/30/2025<br> C |  | 449;USD | USD | 2354.00 | 711978.54 | 711978.54 | 627129.14 | 627129.14 | -84849.40 | -84849.40 | 0.87 | False | 0.00 | N/A | 2.53 | 2.53 | 2.53 | 0.00 |  |  | AXP<br> N | MP |
| 449 | INDEXPERTS QUALITY EARNINGS | HLI | Houlihan Lokey Inc |  |  | 441593100 | 1033 | Diversified Finan Se | rv | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | CA | CALIFORNIA | USD | US DOLLAR | 1/0/1900 |  |  | 162.08 |  |  |  |  | Houlihan Lokey Inc |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 1883.52 | L<br> N |  |  | 4/30/2025<br> C |  | 449;USD | USD | 864.00 | 151541.95 | 151541.95 | 140037.12 | 140037.12 | -11504.83 | -11504.83 | 1.35 | False | 0.00 | N/A | 0.56 | 0.56 | 0.56 | 0.00 |  |  | HLI<br> N | MP |
| 449 | INDEXPERTS QUALITY EARNINGS | MA | Mastercard Inc |  |  | 57636Q104 | 1033 | Diversified Finan Se | rv | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | NY | NEW YORK | USD | US DOLLAR | 1/0/1900 |  |  | 548.06 |  |  |  |  | Mastercard Inc |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 747.84 | L<br> N |  |  | 4/30/2025<br> C |  | 449;USD | USD | 328.00 | 177633.14 | 177633.14 | 179763.68 | 179763.68 | 2130.54 | 2130.54 | 0.42 | False | 0.00 | N/A | 0.72 | 0.72 | 0.72 | 0.00 |  |  | MA<br> N | MP |
| 449 | INDEXPERTS QUALITY EARNINGS | OTTR | Otter Tail Corp |  |  | 689648103 | 1034 | Electric |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | MN | MINNESOTA | USD | US DOLLAR | 1/0/1900 |  |  | 79.38 |  |  |  |  | Otter Tail Corp |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 1503.25 | L<br> N |  |  | 4/30/2025<br> C |  | 449;USD | USD | 859.00 | 67423.24 | 67423.24 | 68187.42 | 68187.42 | 764.18 | 764.18 | 2.20 | False | 0.00 | N/A | 0.27 | 0.27 | 0.27 | 0.00 |  |  | OTTR<br> N | MP |
| 449 | INDEXPERTS QUALITY EARNINGS | AYI | Acuity Brands Inc |  |  | 00508Y102 | 1035 | Electrical Compo&Equ | ip | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | GA | GEORGIA | USD | US DOLLAR | 1/0/1900 |  |  | 243.61 |  |  |  |  | Acuity Brands Inc |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 263.12 | L<br> N |  |  | 4/30/2025<br> C |  | 449;USD | USD | 506.00 | 157443.47 | 157443.47 | 123266.66 | 123266.66 | -34176.81 | -34176.81 | 0.21 | False | 0.00 | N/A | 0.50 | 0.50 | 0.50 | 0.00 |  |  | AYI<br> N | MP |
| 449 | INDEXPERTS QUALITY EARNINGS | IIIN | Insteel Industries I | nc |  | 45774W108 | 1035 | Electrical Compo&Equ | ip | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | NC | NORTH CAROLINA | USD | US DOLLAR | 1/0/1900 |  |  | 33.91 |  |  |  |  | Insteel Industries I | nc |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 5627.76 | L<br> N |  |  | 4/30/2025<br> C |  | 449;USD | USD | 2148.00 | 60157.62 | 60157.62 | 72838.68 | 72838.68 | 12681.06 | 12681.06 | 7.73 | False | 0.00 | N/A | 0.29 | 0.29 | 0.29 | 0.00 |  |  | IIIN | MP |
| 449 | INDEXPERTS QUALITY EARNINGS | KE | KIMBALL ELECTRONICS |  |  | 49428J109 | 1035 | Electrical Compo&Equ | ip | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | IN | INDIANA | USD | US DOLLAR | 1/0/1900 |  |  | 14.34 |  |  |  |  | KIMBALL ELECTRONICS |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 | L<br> N |  |  | 4/30/2025<br> C |  | 449;USD | USD | 3494.00 | 61664.33 | 61664.33 | 50103.96 | 50103.96 | -11560.37 | -11560.37 | 0.00 | False | 0.00 | N/A | 0.20 | 0.20 | 0.20 | 0.00 |  |  | KE<br> N | MP |
| 449 | INDEXPERTS QUALITY EARNINGS | ATKR | Atkore International | Group Inc |  | 047649108 | 1036 | Electronics |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | IL | ILLINOIS | USD | US DOLLAR | 1/0/1900 |  |  | 63.87 |  |  |  |  | Atkore International | Group Inc |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 | L<br> N |  |  | 4/30/2025<br> C |  | 449;USD | USD | 503.00 | 37099.11 | 37099.11 | 32126.61 | 32126.61 | -4972.50 | -4972.50 | 0.00 | False | 0.00 | N/A | 0.13 | 0.13 | 0.13 | 0.00 |  |  | ATKR<br> N | MP |
| 449 | INDEXPERTS QUALITY EARNINGS | NSSC | Napco Security Techn | ologies Inc |  | 630402105 | 1036 | Electronics |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | NY | NEW YORK | USD | US DOLLAR | 1/0/1900 |  |  | 22.85 |  |  |  |  | Napco Security Techn | ologies Inc |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 | L<br> N |  |  | 4/30/2025<br> C |  | 449;USD | USD | 2011.00 | 57485.01 | 57485.01 | 45951.35 | 45951.35 | -11533.66 | -11533.66 | 0.00 | False | 0.00 | N/A | 0.19 | 0.19 | 0.19 | 0.00 |  |  | NSSC<br> N | MP |
| 449 | INDEXPERTS QUALITY EARNINGS | REZI | Resideo Technologies | Inc |  | 76118Y104 | 1036 | Electronics |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | MN | MINNESOTA | USD | US DOLLAR | 1/0/1900 |  |  | 16.78 |  |  |  |  | Resideo Technologies | Inc |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 | L<br> N |  |  | 4/30/2025<br> C |  | 449;USD | USD | 3537.00 | 75546.99 | 75546.99 | 59350.86 | 59350.86 | -16196.13 | -16196.13 | 0.00 | False | 0.00 | N/A | 0.24 | 0.24 | 0.24 | 0.00 |  |  | REZI<br> N | MP |
| 449 | INDEXPERTS QUALITY EARNINGS | TRNS | Transcat Inc |  |  | 893529107 | 1036 | Electronics |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | NY | NEW YORK | USD | US DOLLAR | 1/0/1900 |  |  | 79.33 |  |  |  |  | Transcat Inc |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 | L<br> N |  |  | 4/30/2025<br> C |  | 449;USD | USD | 780.00 | 69641.68 | 69641.68 | 61877.40 | 61877.40 | -7764.28 | -7764.28 | 0.00 | False | 0.00 | N/A | 0.25 | 0.25 | 0.25 | 0.00 |  |  | TRNS<br> N | MP |
| 449 | INDEXPERTS QUALITY EARNINGS | WTS | Watts Water Technolo | gies Inc |  | 942749102 | 1036 | Electronics |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | MA | MASSACHUSETTS | USD | US DOLLAR | 1/0/1900 |  |  | 207.75 |  |  |  |  | Watts Water Technolo | gies Inc |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 539.58 | L<br> N |  |  | 4/30/2025<br> C |  | 449;USD | USD | 391.00 | 80840.21 | 80840.21 | 81230.25 | 81230.25 | 390.04 | 390.04 | 0.66 | False | 0.00 | N/A | 0.33 | 0.33 | 0.33 | 0.00 |  |  | WTS<br> N | MP |
| 449 | INDEXPERTS QUALITY EARNINGS | FIX | Comfort Systems USA | Inc |  | 199908104 | 1038 | Engineering&Construc | tion | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | TX | TEXAS | USD | US DOLLAR | 1/0/1900 |  |  | 397.55 |  |  |  |  | Comfort Systems USA | Inc |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 221.00 | L<br> N |  |  | 4/30/2025<br> C |  | 449;USD | USD | 260.00 | 111341.59 | 111341.59 | 103363.00 | 103363.00 | -7978.59 | -7978.59 | 0.21 | False | 0.00 | N/A | 0.42 | 0.42 | 0.42 | 0.00 |  |  | FIX<br> N | MP |
| 449 | INDEXPERTS QUALITY EARNINGS | BYD | BOYD GAMING CORP |  |  | 103304101 | 1039 | Entertainment |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | NV | NEVADA | USD | US DOLLAR | 1/0/1900 |  |  | 69.14 |  |  |  |  | BOYD GAMING CORP |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 | L<br> N |  |  | 4/30/2025<br> C |  | 449;USD | USD | 1670.00 | 125151.81 | 125151.81 | 115463.80 | 115463.80 | -9688.01 | -9688.01 | 0.00 | False | 0.00 | N/A | 0.47 | 0.47 | 0.47 | 0.00 |  |  | BYD<br> N | MP |
| 449 | INDEXPERTS QUALITY EARNINGS | HRL | Hormel Foods Corp |  |  | 440452100 | 1047 | Food & Drug Stores |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | MN | MINNESOTA | USD | US DOLLAR | 1/0/1900 |  |  | 29.90 |  |  |  |  | Hormel Foods Corp |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 11244.20 | L<br> N |  |  | 4/30/2025<br> C |  | 449;USD | USD | 10222.00 | 305036.80 | 305036.80 | 305637.80 | 305637.80 | 601.00 | 601.00 | 3.68 | False | 0.00 | N/A | 1.23 | 1.23 | 1.23 | 0.00 |  |  | HRL<br> N | MP |
| 449 | INDEXPERTS QUALITY EARNINGS | IMKTA | Ingles Markets Inc |  |  | 457030104 | 1047 | Food & Drug Stores |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | NC | NORTH CAROLINA | USD | US DOLLAR | 1/0/1900 |  |  | 61.69 |  |  |  |  | Ingles Markets Inc |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 678.48 | L<br> N |  |  | 4/30/2025<br> C |  | 449;USD | USD | 1028.00 | 66076.47 | 66076.47 | 63417.32 | 63417.32 | -2659.15 | -2659.15 | 1.07 | False | 0.00 | N/A | 0.26 | 0.26 | 0.26 | 0.00 |  |  | IMKTA<br> N | MP |
| 449 | INDEXPERTS QUALITY EARNINGS | KR | Kroger Co/The |  |  | 501044101 | 1047 | Food & Drug Stores |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | OH | OHIO | USD | US DOLLAR | 1/0/1900 |  |  | 72.21 |  |  |  |  | Kroger Co/The |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 7959.60 | L<br> N |  |  | 4/30/2025<br> C |  | 449;USD | USD | 7236.00 | 461441.93 | 461441.93 | 522511.56 | 522511.56 | 61069.63 | 61069.63 | 1.52 | False | 0.00 | N/A | 2.11 | 2.10 | 2.11 | 0.00 |  |  | KR<br> N | MP |
| 449 | INDEXPERTS QUALITY EARNINGS | CPK | Chesapeake Utilities | Corp |  | 165303108 | 1052 | UNKNOWN - AUTOLOADED |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | DE | DELAWARE | USD | US DOLLAR | 1/0/1900 |  |  | 131.67 |  |  |  |  | Chesapeake Utilities | Corp |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 1800.21 | L<br> N |  |  | 4/30/2025<br> C |  | 449;USD | USD | 781.00 | 96483.26 | 96483.26 | 102834.27 | 102834.27 | 6351.01 | 6351.01 | 1.75 | False | 0.00 | N/A | 0.41 | 0.41 | 0.41 | 0.00 |  |  | CPK<br> N | MP |
| 449 | INDEXPERTS QUALITY EARNINGS | NFG | National Fuel Gas Co |  |  | 636180101 | 1052 | UNKNOWN - AUTOLOADED |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | NJ | NEW JERSEY | USD | US DOLLAR | 1/0/1900 |  |  | 76.78 |  |  |  |  | National Fuel Gas Co |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 4515.84 | L<br> N |  |  | 4/30/2025<br> C |  | 449;USD | USD | 2304.00 | 162625.44 | 162625.44 | 176901.12 | 176901.12 | 14275.68 | 14275.68 | 2.55 | False | 0.00 | N/A | 0.71 | 0.71 | 0.71 | 0.00 |  |  | NFG<br> N | MP |
| 449 | INDEXPERTS QUALITY EARNINGS | ABT | Abbott Laboratories |  |  | 002824100 | 1054 | Healthcare-Products |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | IL | ILLINOIS | USD | US DOLLAR | 1/0/1900 |  |  | 130.75 |  |  |  |  | Abbott Laboratories |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 6256.68 | L<br> N |  |  | 4/30/2025<br> C |  | 449;USD | USD | 3067.00 | 384894.25 | 384894.25 | 401010.25 | 401010.25 | 16116.00 | 16116.00 | 1.56 | False | 0.00 | N/A | 1.62 | 1.62 | 1.62 | 0.00 |  |  | ABT<br> N | MP |
| 449 | INDEXPERTS QUALITY EARNINGS | LMAT | LeMaitre Vascular In | c |  | 525558201 | 1054 | Healthcare-Products |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | MA | MASSACHUSETTS | USD | US DOLLAR | 1/0/1900 |  |  | 90.74 |  |  |  |  | LeMaitre Vascular In | c |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 624.40 | L<br> N |  |  | 4/30/2025<br> C |  | 449;USD | USD | 1115.00 | 106754.14 | 106754.14 | 101175.10 | 101175.10 | -5579.04 | -5579.04 | 0.62 | False | 0.00 | N/A | 0.41 | 0.41 | 0.41 | 0.00 |  | 549300FZUBUB7MHY8R17 | LMAT<br> N | MP |
| 449 | INDEXPERTS QUALITY EARNINGS | OMI | OWENS & MINOR | INC |  | 690732102 | 1054 | Healthcare-Products |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES |  |  | USD | US DOLLAR | 1/0/1900 |  |  | 7.06 |  |  |  |  | OWENS & MINOR | INC |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 10.04 | L<br> N |  |  | 4/30/2025<br> C |  | 449;USD | USD | 4014.00 | 40068.96 | 40068.96 | 28338.84 | 28338.84 | -11730.12 | -11730.12 | 0.04 | False | 0.00 | N/A | 0.11 | 0.11 | 0.11 | 0.00 |  |  | OMI<br> N | MP |
| 449 | INDEXPERTS QUALITY EARNINGS | SYK | Stryker Corp |  |  | 863667101 | 1054 | Healthcare-Products |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | MI | MICHIGAN | USD | US DOLLAR | 1/0/1900 |  |  | 373.92 |  |  |  |  | Stryker Corp |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 3205.55 | L<br> N |  |  | 4/30/2025<br> C |  | 449;USD | USD | 1051.00 | 398099.16 | 398099.16 | 392989.92 | 392989.92 | -5109.24 | -5109.24 | 0.82 | False | 0.00 | N/A | 1.58 | 1.58 | 1.58 | 0.00 |  |  | SYK<br> N | MP |
| 449 | INDEXPERTS QUALITY EARNINGS | TMO | Thermo Fisher Scient | ific Inc |  | 883556102 | 1054 | Healthcare-Products |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | MA | MASSACHUSETTS | USD | US DOLLAR | 1/0/1900 |  |  | 429.00 |  |  |  |  | Thermo Fisher Scient | ific Inc |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 1274.00 | L<br> N |  |  | 4/30/2025<br> C |  | 449;USD | USD | 910.00 | 486149.18 | 486149.18 | 390390.00 | 390390.00 | -95759.18 | -95759.18 | 0.33 | False | 0.00 | N/A | 1.57 | 1.57 | 1.57 | 0.00 |  |  | TMO<br> N | MP |
| 449 | INDEXPERTS QUALITY EARNINGS | CNC | Centene Corp |  |  | 15135B101 | 1055 | UNKNOWN - AUTOLOADED |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | MO | MISSOURI | USD | US DOLLAR | 1/0/1900 |  |  | 59.85 |  |  |  |  | Centene Corp |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 | L<br> N |  |  | 4/30/2025<br> C |  | 449;USD | USD | 2047.00 | 124429.48 | 124429.48 | 122512.95 | 122512.95 | -1916.53 | -1916.53 | 0.00 | False | 0.00 | N/A | 0.49 | 0.49 | 0.49 | 0.00 |  |  | CNC<br> N | MP |
| 449 | INDEXPERTS QUALITY EARNINGS | CI | Cigna Corp |  |  | 125523100 | 1055 | UNKNOWN - AUTOLOADED |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | CT | CONNECTICUT | USD | US DOLLAR | 1/0/1900 |  |  | 340.04 |  |  |  |  | Cigna Corp |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 2538.72 | L<br> N |  |  | 4/30/2025<br> C |  | 449;USD | USD | 516.00 | 153298.79 | 153298.79 | 175460.64 | 175460.64 | 22161.85 | 22161.85 | 1.45 | False | 0.00 | N/A | 0.71 | 0.71 | 0.71 | 0.00 |  |  | CI<br> N | MP |
| 449 | INDEXPERTS QUALITY EARNINGS | SEM | Select Medical Holdi | ngs Corp |  | 81619Q105 | 1055 | UNKNOWN - AUTOLOADED |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | PA | PENNSYLVANIA | USD | US DOLLAR | 1/0/1900 |  |  | 18.24 |  |  |  |  | Select Medical Holdi | ngs Corp |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 1466.50 | L<br> N |  |  | 4/30/2025<br> C |  | 449;USD | USD | 2933.00 | 54576.97 | 54576.97 | 53497.92 | 53497.92 | -1079.05 | -1079.05 | 2.74 | False | 0.00 | N/A | 0.22 | 0.22 | 0.22 | 0.00 |  |  | SEM<br> N | MP |
| 449 | INDEXPERTS QUALITY EARNINGS | ETD | Ethan Allen Interior | s Inc |  | 297602104 | 1059 | Home Furnishings |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | CT | CONNECTICUT | USD | US DOLLAR | 1/0/1900 |  |  | 28.43 |  |  |  |  | Ethan Allen Interior | s Inc |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 4539.10 | L<br> N |  |  | 4/30/2025<br> C |  | 449;USD | USD | 2389.00 | 68160.79 | 68160.79 | 67919.27 | 67919.27 | -241.52 | -241.52 | 6.68 | False | 0.00 | N/A | 0.27 | 0.27 | 0.27 | 0.00 |  |  | ETD<br> N | MP |
| 449 | INDEXPERTS QUALITY EARNINGS | AFG | American Financial | Group Inc/OH |  | 025932104 | 1062 | Insurance |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | OH | OHIO | USD | US DOLLAR | 1/0/1900 |  |  | 126.66 |  |  |  |  | American Financial | Group Inc/OH |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 7136.10 | L<br> N |  |  | 4/30/2025<br> C |  | 449;USD | USD | 881.00 | 113611.88 | 113611.88 | 111587.46 | 111587.46 | -2024.42 | -2024.42 | 6.40 | False | 0.00 | N/A | 0.45 | 0.45 | 0.45 | 0.00 |  |  | AFG<br> N | MP |
| 449 | INDEXPERTS QUALITY EARNINGS | BRK/B | Berkshire Hathaway I | nc |  | 084670702 | 1062 | Insurance |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | NE | NEBRASKA | USD | US DOLLAR | 1/0/1900 |  |  | 533.25 |  |  |  |  | Berkshire Hathaway I | nc |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 | L<br> N |  |  | 4/30/2025<br> C |  | 449;USD | USD | 888.00 | 426198.86 | 426198.86 | 473526.00 | 473526.00 | 47327.14 | 47327.14 | 0.00 | False | 0.00 | N/A | 1.91 | 1.91 | 1.91 | 0.00 |  |  | BRK/B<br> N | MP |
| 449 | INDEXPERTS QUALITY EARNINGS | FAF | First American Finan | cial Corp |  | 31847R102 | 1062 | Insurance |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | CA | CALIFORNIA | USD | US DOLLAR | 1/0/1900 |  |  | 60.81 |  |  |  |  | First American Finan | cial Corp |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 3990.00 | L<br> N |  |  | 4/30/2025<br> C |  | 449;USD | USD | 1900.00 | 119066.19 | 119066.19 | 115539.00 | 115539.00 | -3527.19 | -3527.19 | 3.45 | False | 0.00 | N/A | 0.47 | 0.47 | 0.47 | 0.00 |  |  | FAF<br> N | MP |
| 449 | INDEXPERTS QUALITY EARNINGS | THG | Hanover Insurance Gr | oup Inc/The |  | 410867105 | 1062 | Insurance |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | MA | MASSACHUSETTS | USD | US DOLLAR | 1/0/1900 |  |  | 166.10 |  |  |  |  | Hanover Insurance Gr | oup Inc/The |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 2889.68 | L<br> N |  |  | 4/30/2025<br> C |  | 449;USD | USD | 881.00 | 139603.07 | 139603.07 | 146334.10 | 146334.10 | 6731.03 | 6731.03 | 1.97 | False | 0.00 | N/A | 0.59 | 0.59 | 0.59 | 0.00 |  |  | THG<br> N | MP |
| 449 | INDEXPERTS QUALITY EARNINGS | PGR | Progressive Corp/The |  |  | 743315103 | 1062 | Insurance |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | OH | OHIO | USD | US DOLLAR | 1/0/1900 |  |  | 281.74 |  |  |  |  | Progressive Corp/The |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 341.60 | L<br> N |  |  | 4/30/2025<br> C |  | 449;USD | USD | 854.00 | 219807.62 | 219807.62 | 240605.96 | 240605.96 | 20798.34 | 20798.34 | 0.14 | False | 0.00 | N/A | 0.97 | 0.97 | 0.97 | 0.00 |  |  | PGR<br> N | MP |
| 449 | INDEXPERTS QUALITY EARNINGS | TRV | Travelers Cos Inc/Th | e |  | 89417E109 | 1062 | Insurance |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | NY | NEW YORK | USD | US DOLLAR | 1/0/1900 |  |  | 264.13 |  |  |  |  | Travelers Cos Inc/Th | e |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 2735.28 | L<br> N |  |  | 4/30/2025<br> C |  | 449;USD | USD | 696.00 | 169888.11 | 169888.11 | 183834.48 | 183834.48 | 13946.37 | 13946.37 | 1.49 | False | 0.00 | N/A | 0.74 | 0.74 | 0.74 | 0.00 |  |  | TRV<br> N | MP |
| 449 | INDEXPERTS QUALITY EARNINGS | GOOGL | Alphabet Inc |  |  | 02079K305 | 1063 | Internet |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | CA | CALIFORNIA | USD | US DOLLAR | 1/0/1900 |  |  | 158.80 |  |  |  |  | Alphabet Inc |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 | L<br> N |  |  | 4/30/2025<br> C |  | 449;USD | USD | 2568.00 | 478939.29 | 478939.29 | 407798.40 | 407798.40 | -71140.89 | -71140.89 | 0.00 | False | 0.00 | N/A | 1.64 | 1.64 | 1.64 | 0.00 |  |  | GOOGL<br> N | MP |
| 449 | INDEXPERTS QUALITY EARNINGS | NFLX | Netflix Inc |  |  | 64110L106 | 1063 | Internet |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | CA | CALIFORNIA | USD | US DOLLAR | 1/0/1900 |  |  | 1131.72 |  |  |  |  | Netflix Inc |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 | L<br> N |  |  | 4/30/2025<br> C |  | 449;USD | USD | 261.00 | 252294.30 | 252294.30 | 295378.92 | 295378.92 | 43084.62 | 43084.62 | 0.00 | False | 0.00 | N/A | 1.19 | 1.19 | 1.19 | 0.00 |  |  | NFLX<br> N | MP |
| 449 | INDEXPERTS QUALITY EARNINGS | SSTK | Shutterstock Inc |  |  | 825690100 | 1063 | Internet |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | NY | NEW YORK | USD | US DOLLAR | 1/0/1900 |  |  | 15.96 |  |  |  |  | Shutterstock Inc |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 1733.40 | L<br> N |  |  | 4/30/2025<br> C |  | 449;USD | USD | 1605.00 | 44526.42 | 44526.42 | 25615.80 | 25615.80 | -18910.62 | -18910.62 | 6.77 | False | 0.00 | N/A | 0.10 | 0.10 | 0.10 | 0.00 |  |  | SSTK<br> N | MP |
| 449 | INDEXPERTS QUALITY EARNINGS | ARCC | Ares Capital Corp |  |  | 04010L103 | 1064 | Investment Companies |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | NY | NEW YORK | USD | US DOLLAR | 1/0/1900 |  |  | 20.66 |  |  |  |  | Ares Capital Corp |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 10686.72 | L<br> N |  |  | 4/30/2025<br> C |  | 449;USD | USD | 5566.00 | 125721.59 | 125721.59 | 114993.56 | 114993.56 | -10728.03 | -10728.03 | 9.29 | False | 0.00 | N/A | 0.46 | 0.46 | 0.46 | 0.00 |  |  | ARCC<br> N | MP |
| 449 | INDEXPERTS QUALITY EARNINGS | RS | Reliance Inc |  |  | 759509102 | 1065 | Iron/Steel |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | CA | CALIFORNIA | USD | US DOLLAR | 1/0/1900 |  |  | 288.23 |  |  |  |  | Reliance Steel & Alu | minum Co |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 1416.00 | L<br> N |  |  | 4/30/2025<br> C |  | 449;USD | USD | 354.00 | 100756.84 | 100756.84 | 102033.42 | 102033.42 | 1276.58 | 1276.58 | 1.39 | False | 0.00 | N/A | 0.41 | 0.41 | 0.41 | 0.00 |  |  | RS<br> N | MP |
| 449 | INDEXPERTS QUALITY EARNINGS | HLT | Hilton Worldwide Hol | dings Inc |  | 43300A203 | 1067 | Lodging |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | VA | VIRGINIA | USD | US DOLLAR | 1/0/1900 |  |  | 225.48 |  |  |  |  | Hilton Worldwide Hol | dings Inc |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 457.20 | L<br> N |  |  | 4/30/2025<br> C |  | 449;USD | USD | 762.00 | 192906.07 | 192906.07 | 171815.76 | 171815.76 | -21090.31 | -21090.31 | 0.27 | False | 0.00 | N/A | 0.69 | 0.69 | 0.69 | 0.00 |  |  | HLT<br> N | MP |
| 449 | INDEXPERTS QUALITY EARNINGS | CAT | Caterpillar Inc |  |  | 149123101 | 1070 | Machinery-Constr&Min |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | IL | ILLINOIS | USD | US DOLLAR | 1/0/1900 |  |  | 309.27 |  |  |  |  | Caterpillar Inc |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 5295.00 | L<br> N |  |  | 4/30/2025<br> C |  | 449;USD | USD | 1059.00 | 376743.13 | 376743.13 | 327516.93 | 327516.93 | -49226.20 | -49226.20 | 1.62 | False | 0.00 | N/A | 1.32 | 1.32 | 1.32 | 0.00 |  |  | CAT<br> N | MP |
| 449 | INDEXPERTS QUALITY EARNINGS | AIN | Albany International | Corp |  | 012348108 | 1071 | Machinery-Diversifie |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | NH | NEW HAMPSHIRE | USD | US DOLLAR | 1/0/1900 |  |  | 65.76 |  |  |  |  | Albany International | Corp |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 838.30 | L<br> N |  |  | 4/30/2025<br> C |  | 449;USD | USD | 830.00 | 65729.27 | 65729.27 | 54580.80 | 54580.80 | -11148.47 | -11148.47 | 1.54 | False | 0.00 | N/A | 0.22 | 0.22 | 0.22 | 0.00 |  |  | AIN | MP |
| 449 | INDEXPERTS QUALITY EARNINGS | AIT | Applied Industrial T | echnologies Inc |  | 03820C105 | 1071 | Machinery-Diversifie |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | OH | OHIO | USD | US DOLLAR | 1/0/1900 |  |  | 243.28 |  |  |  |  | Applied Industrial T | echnologies Inc |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 585.20 | L<br> N |  |  | 4/30/2025<br> C |  | 449;USD | USD | 418.00 | 105108.00 | 105108.00 | 101691.04 | 101691.04 | -3416.96 | -3416.96 | 0.58 | False | 0.00 | N/A | 0.41 | 0.41 | 0.41 | 0.00 |  |  | AIT<br> N | MP |
| 449 | INDEXPERTS QUALITY EARNINGS | ICHR | Ichor Holdings Ltd |  |  | G4740B105 | 1071 | Machinery-Diversifie |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | CA | CALIFORNIA | USD | US DOLLAR | 1/0/1900 |  |  | 19.78 |  |  |  |  | Ichor Holdings Ltd |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 | L<br> N |  |  | 4/30/2025<br> C |  | 449;USD | USD | 1858.00 | 57439.97 | 57439.97 | 36751.24 | 36751.24 | -20688.73 | -20688.73 | 0.00 | False | 0.00 | N/A | 0.15 | 0.15 | 0.15 | 0.00 |  |  | ICHR<br> N | MP |
| 449 | INDEXPERTS QUALITY EARNINGS | KAI | Kadant Inc |  |  | 48282T104 | 1071 | Machinery-Diversifie |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | MA | MASSACHUSETTS | USD | US DOLLAR | 1/0/1900 |  |  | 295.00 |  |  |  |  | Kadant Inc |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 284.76 | L<br> N |  |  | 4/30/2025<br> C |  | 449;USD | USD | 252.00 | 91418.90 | 91418.90 | 74340.00 | 74340.00 | -17078.90 | -17078.90 | 0.38 | False | 0.00 | N/A | 0.30 | 0.30 | 0.30 | 0.00 |  |  | KAI<br> N | MP |
| 449 | INDEXPERTS QUALITY EARNINGS | AMCX | AMC Networks Inc |  |  | 00164V103 | 1073 | MEDIA |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | NY | NEW YORK | USD | US DOLLAR | 1/0/1900 |  |  | 6.40 |  |  |  |  | AMC Networks Inc |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 | L<br> N |  |  | 4/30/2025<br> C |  | 449;USD | USD | 6172.00 | 53174.76 | 53174.76 | 39500.80 | 39500.80 | -13673.96 | -13673.96 | 0.00 | False | 0.00 | N/A | 0.16 | 0.16 | 0.16 | 0.00 |  |  | AMCX<br> N | MP |
| 449 | INDEXPERTS QUALITY EARNINGS | GTN | GRAY MEDIA INC |  |  | 389375106 | 1073 | MEDIA |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | GA | GEORGIA | USD | US DOLLAR | 1/0/1900 |  |  | 3.35 |  |  |  |  | GRAY TELEVISION |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 | L<br> N |  |  | 4/30/2025<br> C |  | 449;USD | USD | 13989.00 | 52649.87 | 52649.87 | 46863.15 | 46863.15 | -5786.72 | -5786.72 | 0.00 | False | 0.00 | N/A | 0.19 | 0.19 | 0.19 | 0.00 |  |  | GTN | MP |
| 449 | INDEXPERTS QUALITY EARNINGS | TGNA | TEGNA Inc |  |  | 87901J105 | 1073 | MEDIA |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | VA | VIRGINIA | USD | US DOLLAR | 1/0/1900 |  |  | 16.23 |  |  |  |  | TEGNA Inc |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 2383.02 | L<br> N |  |  | 4/30/2025<br> C |  | 449;USD | USD | 5701.00 | 101875.82 | 101875.82 | 92527.23 | 92527.23 | -9348.59 | -9348.59 | 2.58 | False | 0.00 | N/A | 0.37 | 0.37 | 0.37 | 0.00 |  |  | TGNA<br> N | MP |
| 449 | INDEXPERTS QUALITY EARNINGS | AZZ | AZZ Inc |  |  | 002474104 | 1074 | Metal Fabricate/Hard |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | TX | TEXAS | USD | US DOLLAR | 1/0/1900 |  |  | 86.76 |  |  |  |  | AZZ Inc |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 765.00 | L<br> N |  |  | 4/30/2025<br> C |  | 449;USD | USD | 1125.00 | 101296.57 | 101296.57 | 97605.00 | 97605.00 | -3691.57 | -3691.57 | 0.78 | False | 0.00 | N/A | 0.39 | 0.39 | 0.39 | 0.00 |  |  | AZZ<br> N | MP |
| 449 | INDEXPERTS QUALITY EARNINGS | TKR | Timken Co/The |  |  | 887389104 | 1074 | Metal Fabricate/Hard |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | OH | OHIO | USD | US DOLLAR | 1/0/1900 |  |  | 64.25 |  |  |  |  | Timken Co/The |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 1725.10 | L<br> N |  |  | 4/30/2025<br> C |  | 449;USD | USD | 1327.00 | 102091.63 | 102091.63 | 85259.75 | 85259.75 | -16831.88 | -16831.88 | 2.02 | False | 0.00 | N/A | 0.34 | 0.34 | 0.34 | 0.00 |  |  | TKR<br> N | MP |
| 449 | INDEXPERTS QUALITY EARNINGS | MUSA | Murphy USA Inc |  |  | 626755102 | 1083 | Exploration and Prod | uction | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | AR | ARKANSAS | USD | US DOLLAR | 1/0/1900 |  |  | 498.57 |  |  |  |  | Murphy USA Inc |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 413.85 | L<br> N |  |  | 4/30/2025<br> C |  | 449;USD | USD | 267.00 | 129896.13 | 129896.13 | 133118.19 | 133118.19 | 3222.06 | 3222.06 | 0.31 | False | 0.00 | N/A | 0.54 | 0.54 | 0.54 | 0.00 |  |  | MUSA<br> N | MP |
| 449 | INDEXPERTS QUALITY EARNINGS | AMCR | Amcor PLC |  |  | G0250X107 | 1087 | Packaging&Containers |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES |  |  | USD | US DOLLAR | 1/0/1900 |  |  | 9.20<br> M |  |  |  |  | Amcor PLC |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 | L<br> N |  |  | 4/30/2025<br> C |  | 449;USD | USD | 14478.25 | 136931.55 | 136931.55 | 133199.90 | 133199.90 | -3731.65 | -3731.65 | 0.00 | False | 0.00 | N/A | 0.54 | 0.54 | 0.54 | 0.00 |  |  | AMCR<br> N | MP |
| 449 | INDEXPERTS QUALITY EARNINGS | PKG | Packaging Corp of Am | erica |  | 695156109 | 1087 | Packaging&Containers |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | IL | ILLINOIS | USD | US DOLLAR | 1/0/1900 |  |  | 185.61 |  |  |  |  | Packaging Corp of Am | erica |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 3135.00 | L<br> N |  |  | 4/30/2025<br> C |  | 449;USD | USD | 627.00 | 135390.98 | 135390.98 | 116377.47 | 116377.47 | -19013.51 | -19013.51 | 2.69 | False | 0.00 | N/A | 0.47 | 0.47 | 0.47 | 0.00 |  |  | PKG<br> N | MP |
| 449 | INDEXPERTS QUALITY EARNINGS | COR | AmerisourceBergen Co | rp |  | 03073E105 | 1088 | Private Equity |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | PA | PENNSYLVANIA | USD | US DOLLAR | 1/0/1900 |  |  | 292.67 |  |  |  |  | AmerisourceBergen Co | rp |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 2926.12 | L<br> N |  |  | 4/30/2025<br> C |  | 449;USD | USD | 1528.00 | 382054.81 | 382054.81 | 447199.76 | 447199.76 | 65144.95 | 65144.95 | 0.65 | False | 0.00 | N/A | 1.80 | 1.80 | 1.80 | 0.00 |  |  | COR<br> N | MP |
| 449 | INDEXPERTS QUALITY EARNINGS | LLY | Eli Lilly & Co |  |  | 532457108 | 1088 | Private Equity |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | IN | INDIANA | USD | US DOLLAR | 1/0/1900 |  |  | 898.95 |  |  |  |  | Eli Lilly & Co |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 2287.12 | L<br> N |  |  | 4/30/2025<br> C |  | 449;USD | USD | 506.00 | 409603.88 | 409603.88 | 454868.70 | 454868.70 | 45264.82 | 45264.82 | 0.50 | False | 0.00 | N/A | 1.83 | 1.83 | 1.83 | 0.00 |  |  | LLY<br> N | MP |
| 449 | INDEXPERTS QUALITY EARNINGS | NGVC | Natural Grocers by V | itamin Cottage Inc |  | 63888U108 | 1088 | Private Equity |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | CO | COLORADO | USD | US DOLLAR | 1/0/1900 |  |  | 50.16 |  |  |  |  | Natural Grocers by V | itamin Cottage Inc |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 | L<br> N |  |  | 4/30/2025<br> C |  | 449;USD | USD | 4758.00 | 213377.93 | 213377.93 | 238661.28 | 238661.28 | 25283.35 | 25283.35 | 0.00 | False | 0.00 | N/A | 0.96 | 0.96 | 0.96 | 0.00 |  |  | NGVC<br> N | MP |
| 449 | INDEXPERTS QUALITY EARNINGS | WMB | Williams Cos Inc/The |  |  | 969457100 | 1089 | Pipelines |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | OK | OKLAHOMA | USD | US DOLLAR | 1/0/1900 |  |  | 58.57 |  |  |  |  | Williams Cos Inc/The |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 18259.79 | L<br> N |  |  | 4/30/2025<br> C |  | 449;USD | USD | 10201.00 | 579599.55 | 579599.55 | 597472.57 | 597472.57 | 17873.02 | 17873.02 | 3.06 | False | 0.00 | N/A | 2.41 | 2.41 | 2.41 | 0.00 |  |  | WMB<br> N | MP |
| 449 | INDEXPERTS QUALITY EARNINGS | JLL | Jones Lang LaSalle I | nc |  | 48020Q107 | 1091 | Real Estate |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | IL | ILLINOIS | USD | US DOLLAR | 1/0/1900 |  |  | 227.41 |  |  |  |  | Jones Lang LaSalle I | nc |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 | L<br> N |  |  | 4/30/2025<br> C |  | 449;USD | USD | 580.00 | 152377.04 | 152377.04 | 131897.80 | 131897.80 | -20479.24 | -20479.24 | 0.00 | False | 0.00 | N/A | 0.53 | 0.53 | 0.53 | 0.00 |  |  | JLL<br> N | MP |
| 449 | INDEXPERTS QUALITY EARNINGS | AZO | AutoZone Inc |  |  | 053332102 | 1095 | Retail |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | TN | TENNESSEE | USD | US DOLLAR | 1/0/1900 |  |  | 3762.60 |  |  |  |  | AutoZone Inc |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 | L<br> N |  |  | 4/30/2025<br> C |  | 449;USD | USD | 119.00 | 399974.64 | 399974.64 | 447749.40 | 447749.40 | 47774.76 | 47774.76 | 0.00 | False | 0.00 | N/A | 1.80 | 1.80 | 1.80 | 0.00 |  |  | AZO<br> N | MP |
| 449 | INDEXPERTS QUALITY EARNINGS | BJ | BJ'S WHOLESALE CLUB | HOLDINGS |  | 05550J101 | 1095 | Retail |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | DE | DELAWARE | USD | US DOLLAR | 1/0/1900 |  |  | 117.56 |  |  |  |  | BJ'S WHOLESALE CLUB | HOLDINGS |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 | L<br> N |  |  | 4/30/2025<br> C |  | 449;USD | USD | 1529.00 | 158371.15 | 158371.15 | 179749.24 | 179749.24 | 21378.09 | 21378.09 | 0.00 | False | 0.00 | N/A | 0.72 | 0.72 | 0.72 | 0.00 |  |  | BJ<br> N | MP |
| 449 | INDEXPERTS QUALITY EARNINGS | COST | Costco Wholesale Cor | p |  | 22160K105 | 1095 | Retail |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | WA | WASHINGTON | USD | US DOLLAR | 1/0/1900 |  |  | 994.50 |  |  |  |  | Costco Wholesale Cor | p |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 9972.96 | L<br> N |  |  | 4/30/2025<br> C |  | 449;USD | USD | 526.00 | 520675.88 | 520675.88 | 523107.00 | 523107.00 | 2431.12 | 2431.12 | 1.91 | False | 0.00 | N/A | 2.11 | 2.11 | 2.11 | 0.00 |  |  | COST<br> N | MP |
| 449 | INDEXPERTS QUALITY EARNINGS | LOW | Lowe's Cos Inc |  |  | 548661107 | 1095 | Retail |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | NC | NORTH CAROLINA | USD | US DOLLAR | 1/0/1900 |  |  | 223.56 |  |  |  |  | Lowe's Cos Inc |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 2790.70 | L<br> N |  |  | 4/30/2025<br> C |  | 449;USD | USD | 649.00 | 160855.10 | 160855.10 | 145090.44 | 145090.44 | -15764.66 | -15764.66 | 1.92 | False | 0.00 | N/A | 0.58 | 0.58 | 0.58 | 0.00 |  |  | LOW<br> N | MP |
| 449 | INDEXPERTS QUALITY EARNINGS | LULU | Lululemon Athletica | Inc |  | 550021109 | 1095 | Retail |  | COMMSTCK | COMMON STOCK |  |  |  | CAD | CANADA |  |  | USD | US DOLLAR | 1/0/1900 |  |  | 270.77 |  |  |  |  | Lululemon Athletica | Inc |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 | L<br> N |  |  | 4/30/2025<br> C |  | 449;USD | USD | 333.00 | 124465.01 | 124465.01 | 90166.41 | 90166.41 | -34298.60 | -34298.60 | 0.00 | False | 0.00 | N/A | 0.36 | 0.36 | 0.36 | 0.00 |  |  | LULU<br> N | MP |
| 449 | INDEXPERTS QUALITY EARNINGS | EYE | National Vision Hold | ings Inc |  | 63845R107 | 1095 | Retail |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | GA | GEORGIA | USD | US DOLLAR | 1/0/1900 |  |  | 12.35 |  |  |  |  | National Vision Hold | ings Inc |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 | L<br> N |  |  | 4/30/2025<br> C |  | 449;USD | USD | 3371.00 | 39520.68 | 39520.68 | 41631.85 | 41631.85 | 2111.17 | 2111.17 | 0.00 | False | 0.00 | N/A | 0.17 | 0.17 | 0.17 | 0.00 |  |  | EYE<br> N | MP |
| 449 | INDEXPERTS QUALITY EARNINGS | ORLY | O'Reilly Automotive | Inc |  | 67103H107 | 1095 | Retail |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | MO | MISSOURI | USD | US DOLLAR | 1/0/1900 |  |  | 1415.20 |  |  |  |  | O'Reilly Automotive | Inc |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 | L<br> N |  |  | 4/30/2025<br> C |  | 449;USD | USD | 145.00 | 184782.72 | 184782.72 | 205204.00 | 205204.00 | 20421.28 | 20421.28 | 0.00 | False | 0.00 | N/A | 0.83 | 0.83 | 0.83 | 0.00 |  |  | ORLY<br> N | MP |
| 449 | INDEXPERTS QUALITY EARNINGS | TJX | TJX Cos Inc/The |  |  | 872540109 | 1095 | Retail |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | MA | MASSACHUSETTS | USD | US DOLLAR | 1/0/1900 |  |  | 128.68 |  |  |  |  | TJX Cos Inc/The |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 2036.48 | L<br> N |  |  | 4/30/2025<br> C |  | 449;USD | USD | 1575.00 | 194441.76 | 194441.76 | 202671.00 | 202671.00 | 8229.24 | 8229.24 | 1.00 | False | 0.00 | N/A | 0.82 | 0.82 | 0.82 | 0.00 |  |  | TJX<br> N | MP |
| 449 | INDEXPERTS QUALITY EARNINGS | WMT | Walmart Inc |  |  | 931142103 | 1095 | Retail |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | AR | ARKANSAS | USD | US DOLLAR | 1/0/1900 |  |  | 97.25 |  |  |  |  | Walmart Inc |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 14193.00 | L<br> N |  |  | 4/30/2025<br> C |  | 449;USD | USD | 6225.00 | 598602.20 | 598602.20 | 605381.25 | 605381.25 | 6779.05 | 6779.05 | 2.34 | False | 0.00 | N/A | 2.44 | 2.44 | 2.44 | 0.00 |  |  | WMT<br> N | MP |
| 449 | INDEXPERTS QUALITY EARNINGS | KLAC | KLA-Tencor Corp |  |  | 482480100 | 1097 | Semiconductor Device |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | CA | CALIFORNIA | USD | US DOLLAR | 1/0/1900 |  |  | 702.69 |  |  |  |  | KLA-Tencor Corp |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 4114.15 | L<br> N |  |  | 4/30/2025<br> C |  | 449;USD | USD | 769.00 | 559359.30 | 559359.30 | 540368.61 | 540368.61 | -18990.69 | -18990.69 | 0.76 | False | 0.00 | N/A | 2.18 | 2.18 | 2.18 | 0.00 |  |  | KLAC<br> N | MP |
| 449 | INDEXPERTS QUALITY EARNINGS | ADBE | Adobe Systems Inc |  |  | 00724F101 | 1099 | Application Software |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | CA | CALIFORNIA | USD | US DOLLAR | 1/0/1900 |  |  | 374.98 |  |  |  |  | Adobe Systems Inc |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 | L<br> N |  |  | 4/30/2025<br> C |  | 449;USD | USD | 625.00 | 271024.45 | 271024.45 | 234362.50 | 234362.50 | -36661.95 | -36661.95 | 0.00 | False | 0.00 | N/A | 0.94 | 0.94 | 0.94 | 0.00 |  |  | ADBE<br> N | MP |
| 449 | INDEXPERTS QUALITY EARNINGS | BR | Broadridge Financial | Solutions Inc |  | 11133T103 | 1099 | Application Software |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | NY | NEW YORK | USD | US DOLLAR | 1/0/1900 |  |  | 242.40 |  |  |  |  | Broadridge Financial | Solutions Inc |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 5392.40 | L<br> N |  |  | 4/30/2025<br> C |  | 449;USD | USD | 1768.00 | 414124.25 | 414124.25 | 428563.20 | 428563.20 | 14438.95 | 14438.95 | 1.26 | False | 0.00 | N/A | 1.73 | 1.73 | 1.73 | 0.00 |  |  | BR<br> N | MP |
| 449 | INDEXPERTS QUALITY EARNINGS | CDNS | Cadence Design Syste | ms Inc |  | 127387108 | 1099 | Application Software |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | CA | CALIFORNIA | USD | US DOLLAR | 1/0/1900 |  |  | 297.74 |  |  |  |  | Cadence Design Syste | ms Inc |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 | L<br> N |  |  | 4/30/2025<br> C |  | 449;USD | USD | 520.00 | 151403.77 | 151403.77 | 154824.80 | 154824.80 | 3421.03 | 3421.03 | 0.00 | False | 0.00 | N/A | 0.62 | 0.62 | 0.62 | 0.00 |  |  | CDNS<br> N | MP |
| 449 | INDEXPERTS QUALITY EARNINGS | FICO | Fair Isaac Corp |  |  | 303250104 | 1099 | Application Software |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | CA | CALIFORNIA | USD | US DOLLAR | 1/0/1900 |  |  | 1989.68 |  |  |  |  | Fair Isaac Corp |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 | L<br> N |  |  | 4/30/2025<br> C |  | 449;USD | USD | 89.00 | 164621.83 | 164621.83 | 177081.52 | 177081.52 | 12459.69 | 12459.69 | 0.00 | False | 0.00 | N/A | 0.71 | 0.71 | 0.71 | 0.00 |  |  | FICO<br> N | MP |
| 449 | INDEXPERTS QUALITY EARNINGS | PAYX | Paychex Inc |  |  | 704326107 | 1099 | Application Software |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | NY | NEW YORK | USD | US DOLLAR | 1/0/1900 |  |  | 147.12 |  |  |  |  | Paychex Inc |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 10331.56 | L<br> N |  |  | 4/30/2025<br> C |  | 449;USD | USD | 2986.00 | 436650.42 | 436650.42 | 439300.32 | 439300.32 | 2649.90 | 2649.90 | 2.35 | False | 0.00 | N/A | 1.77 | 1.77 | 1.77 | 0.00 |  |  | PAYX<br> N | MP |
| 449 | INDEXPERTS QUALITY EARNINGS | NOW | ServiceNow Inc |  |  | 81762P102 | 1099 | Application Software |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | CA | CALIFORNIA | USD | US DOLLAR | 1/0/1900 |  |  | 955.01 |  |  |  |  | ServiceNow Inc |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 | L<br> N |  |  | 4/30/2025<br> C |  | 449;USD | USD | 202.00 | 200200.22 | 200200.22 | 192912.02 | 192912.02 | -7288.20 | -7288.20 | 0.00 | False | 0.00 | N/A | 0.78 | 0.78 | 0.78 | 0.00 |  |  | NOW<br> N | MP |
| 449 | INDEXPERTS QUALITY EARNINGS | SNPS | Synopsys Inc |  |  | 871607107 | 1099 | Application Software |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | CA | CALIFORNIA | USD | US DOLLAR | 1/0/1900 |  |  | 459.01 |  |  |  |  | Synopsys Inc |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 | L<br> N |  |  | 4/30/2025<br> C |  | 449;USD | USD | 275.00 | 136652.94 | 136652.94 | 126227.75 | 126227.75 | -10425.19 | -10425.19 | 0.00 | False | 0.00 | N/A | 0.51 | 0.51 | 0.51 | 0.00 |  |  | SNPS<br> N | MP |
| 449 | INDEXPERTS QUALITY EARNINGS | ANET | Arista Networks Inc |  |  | 040413205 | 1104 | Telecommunications |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | CA | CALIFORNIA | USD | US DOLLAR | 1/0/1900 |  |  | 82.27 |  |  |  |  | Arista Networks Inc |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 | L<br> N |  |  | 4/30/2025<br> C |  | 449;USD | USD | 7080.00 | 764006.00 | 764006.00 | 582471.60 | 582471.60 | -181534.40 | -181534.40 | 0.00 | False | 0.00 | N/A | 2.35 | 2.35 | 2.35 | 0.00 |  |  | ANET<br> N | MP |
| 449 | INDEXPERTS QUALITY EARNINGS | CSCO | Cisco Systems Inc |  |  | 17275R102 | 1104 | Telecommunications |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | CA | CALIFORNIA | USD | US DOLLAR | 1/0/1900 |  |  | 57.73 |  |  |  |  | Cisco Systems Inc |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 11801.70 | L<br> N |  |  | 4/30/2025<br> C |  | 449;USD | USD | 7614.00 | 467909.85 | 467909.85 | 439556.22 | 439556.22 | -28353.63 | -28353.63 | 2.68 | False | 0.00 | N/A | 1.77 | 1.77 | 1.77 | 0.00 |  |  | CSCO<br> N | MP |
| 449 | INDEXPERTS QUALITY EARNINGS | TMUS | T-Mobile US Inc |  |  | 872590104 | 1104 | Telecommunications |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | WA | WASHINGTON | USD | US DOLLAR | 1/0/1900 |  |  | 246.95 |  |  |  |  | T-Mobile US Inc |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 2105.35 | L<br> N |  |  | 4/30/2025<br> C |  | 449;USD | USD | 3239.00 | 796888.70 | 796888.70 | 799871.05 | 799871.05 | 2982.35 | 2982.35 | 0.26 | False | 0.00 | N/A | 3.22 | 3.22 | 3.22 | 0.00 |  |  | TMUS<br> N | MP |
| 449 | INDEXPERTS QUALITY EARNINGS | VZ | Verizon Communicatio | ns Inc |  | 92343V104 | 1104 | Telecommunications |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | NY | NEW YORK | USD | US DOLLAR | 1/0/1900 |  |  | 44.06 |  |  |  |  | Verizon Communicatio | ns Inc |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 24136.85 | L<br> N |  |  | 4/30/2025<br> C |  | 449;USD | USD | 9202.00 | 378728.19 | 378728.19 | 405440.12 | 405440.12 | 26711.93 | 26711.93 | 5.95 | False | 0.00 | N/A | 1.63 | 1.63 | 1.63 | 0.00 |  |  | VZ<br> N | MP |
| 449 | INDEXPERTS QUALITY EARNINGS | GNK | Genco Shipping & Tra | ding Ltd |  | Y2685T131 | 1107 | Transportation |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | NY | NEW YORK | USD | US DOLLAR | 1/0/1900 |  |  | 12.96 |  |  |  |  | Genco Shipping & Tra | ding Ltd |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 | L<br> N |  |  | 4/30/2025<br> C |  | 449;USD | USD | 3872.00 | 54785.10 | 54785.10 | 50181.12 | 50181.12 | -4603.98 | -4603.98 | 0.00 | False | 0.00 | N/A | 0.20 | 0.20 | 0.20 | 0.00 |  |  | GNK<br> N | MP |
| 449 | INDEXPERTS QUALITY EARNINGS | KNX | Knight-Swift Transpo | rtation Holdings Inc |  | 499049104 | 1107 | Transportation |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | AZ | ARIZONA | USD | US DOLLAR | 1/0/1900 |  |  | 39.17 |  |  |  |  | Knight-Swift Transpo | rtation Holdings Inc |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 1130.64 | L<br> N |  |  | 4/30/2025<br> C |  | 449;USD | USD | 2019.00 | 106430.90 | 106430.90 | 79084.23 | 79084.23 | -27346.67 | -27346.67 | 1.43 | False | 0.00 | N/A | 0.32 | 0.32 | 0.32 | 0.00 |  |  | KNX<br> N | MP |
| 449 | INDEXPERTS QUALITY EARNINGS | MATX | Matson Inc |  |  | 57686G105 | 1107 | Transportation |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | HI | HAWAII | USD | US DOLLAR | 1/0/1900 |  |  | 109.09 |  |  |  |  | Matson Inc |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 905.94 | L<br> N |  |  | 4/30/2025<br> C |  | 449;USD | USD | 719.00 | 97607.50 | 97607.50 | 78435.71 | 78435.71 | -19171.79 | -19171.79 | 1.16 | False | 0.00 | N/A | 0.32 | 0.32 | 0.32 | 0.00 |  |  | MATX<br> N | MP |
| 449 | INDEXPERTS QUALITY EARNINGS | R | Ryder System Inc |  |  | 783549108 | 1107 | Transportation |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | FL | FLORIDA | USD | US DOLLAR | 1/0/1900 |  |  | 137.67 |  |  |  |  | Ryder System Inc |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 1854.02 | L<br> N |  |  | 4/30/2025<br> C |  | 449;USD | USD | 697.00 | 110750.13 | 110750.13 | 95955.99 | 95955.99 | -14794.14 | -14794.14 | 1.93 | False | 0.00 | N/A | 0.39 | 0.39 | 0.39 | 0.00 |  |  | R<br> N | MP |
| 449 | INDEXPERTS QUALITY EARNINGS | ARCB | ARCBEST CORP |  |  | 03937C105 | 1108 | Trucking&Leasing |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | AR | ARKANSAS | USD | US DOLLAR | 1/0/1900 |  |  | 58.52 |  |  |  |  | ARCBEST CORP |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 262.08 | L<br> N |  |  | 4/30/2025<br> C |  | 449;USD | USD | 546.00 | 49254.29 | 49254.29 | 31951.92 | 31951.92 | -17302.37 | -17302.37 | 0.82 | False | 0.00 | N/A | 0.13 | 0.13 | 0.13 | 0.00 |  |  | ARCB<br> N | MP |
| 449 | INDEXPERTS QUALITY EARNINGS | XOM | Exxon Mobil Corp |  |  | 30231G102 | A60A | Oil&Gas |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | TX | TEXAS | USD | US DOLLAR | 1/0/1900 |  |  | 105.63 |  |  |  |  | Exxon Mobil Corp |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 12828.48 | L<br> N |  |  | 4/30/2025<br> C |  | 449;USD | USD | 3486.00 | 377489.16 | 377489.16 | 368226.18 | 368226.18 | -9262.98 | -9262.98 | 3.48 | False | 0.00 | N/A | 1.48 | 1.48 | 1.48 | 0.00 |  |  | XOM<br> N | MP |
| 449 | INDEXPERTS QUALITY EARNINGS | LIN | LINDE PUBLIC LIMITED | COMPANY |  | G54950103 | B10B | Chemicals |  | COMMSTCK | COMMON STOCK |  |  |  | IEP | IRELAND |  |  | USD | US DOLLAR | 1/0/1900 |  |  | 453.23 |  |  |  |  | LINDE PUBLIC LIMITED | COMPANY |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 1764.60 | L<br> N |  |  | 4/30/2025<br> C |  | 449;USD | USD | 346.00 | 153333.74 | 153333.74 | 156817.58 | 156817.58 | 3483.84 | 3483.84 | 1.13 | False | 0.00 | N/A | 0.63 | 0.63 | 0.63 | 0.00 |  |  | LIN | MP |
| 449 | INDEXPERTS QUALITY EARNINGS | CXT | CRANE NXT CO |  |  | 224441105 | C70C | Machine&Engineering |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | CT | CONNECTICUT | USD | US DOLLAR | 1/0/1900 |  |  | 46.92 |  |  |  |  | CRANE CO |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 1691.00 | L<br> N |  |  | 4/30/2025<br> C |  | 449;USD | USD | 1900.00 | 113021.53 | 113021.53 | 89148.00 | 89148.00 | -23873.53 | -23873.53 | 1.90 | False | 0.00 | N/A | 0.36 | 0.36 | 0.36 | 0.00 |  |  | CXT<br> N | MP |
| 449 | INDEXPERTS QUALITY EARNINGS | IBM | International | Business Machines Co |  | 459200101 | D10D | Computers |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | NY | NEW YORK | USD | US DOLLAR | 1/0/1900 |  |  | 241.82 |  |  |  |  | International | Business Machines Co |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 5648.76 | L<br> N |  |  | 4/30/2025<br> C |  | 449;USD | USD | 852.00 | 206441.67 | 206441.67 | 206030.64 | 206030.64 | -411.03 | -411.03 | 2.74 | False | 0.00 | N/A | 0.83 | 0.83 | 0.83 | 0.00 |  |  | IBM<br> N | MP |
| 449 | INDEXPERTS QUALITY EARNINGS | AMAT | Applied Materials In | c |  | 038222105 | D40D | Semiconductors |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | CA | CALIFORNIA | USD | US DOLLAR | 1/0/1900 |  |  | 150.71 |  |  |  |  | Applied Materials In | c |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 2177.70 | L<br> N |  |  | 4/30/2025<br> C |  | 449;USD | USD | 1785.00 | 307846.88 | 307846.88 | 269017.35 | 269017.35 | -38829.53 | -38829.53 | 0.81 | False | 0.00 | N/A | 1.08 | 1.08 | 1.08 | 0.00 |  |  | AMAT<br> N | MP |
| 449 | INDEXPERTS QUALITY EARNINGS | ASTH | Astrana Health Inc |  |  | 03763A207 | D50D | Software |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | CA | CALIFORNIA | USD | US DOLLAR | 1/0/1900 |  |  | 31.17 |  |  |  |  | Apollo Medical | Holdings, Inc. |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 | L<br> N |  |  | 4/30/2025<br> C |  | 449;USD | USD | 1795.00 | 61903.35 | 61903.35 | 55950.15 | 55950.15 | -5953.20 | -5953.20 | 0.00 | False | 0.00 | N/A | 0.23 | 0.23 | 0.23 | 0.00 |  |  | ASTH<br> N | MP |
| 449 | INDEXPERTS QUALITY EARNINGS | MSFT | Microsoft Corp |  |  | 594918104 | D50D | Software |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | WA | WASHINGTON | USD | US DOLLAR | 1/0/1900 |  |  | 395.26 |  |  |  |  | Microsoft Corp |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 1043.46 | L<br> N |  |  | 4/30/2025<br> C |  | 449;USD | USD | 374.00 | 155185.39 | 155185.39 | 147827.24 | 147827.24 | -7358.15 | -7358.15 | 0.71 | False | 0.00 | N/A | 0.60 | 0.60 | 0.60 | 0.00 |  |  | MSFT<br> N | MP |
| 449 | INDEXPERTS QUALITY EARNINGS | CASY | CASEYS GENERAL STORE |  |  | 147528103 | E30E | Automobile ABS |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | IA | IOWA | USD | US DOLLAR | 1/0/1900 |  |  | 462.59 |  |  |  |  | CASEYS GENERAL STORES |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 604.26 | L<br> N |  |  | 4/30/2025<br> C |  | 449;USD | USD | 373.00 | 155702.89 | 155702.89 | 172546.07 | 172546.07 | 16843.18 | 16843.18 | 0.35 | False | 0.00 | N/A | 0.70 | 0.70 | 0.70 | 0.00 |  |  | CASY<br> N | MP |
| 449 | INDEXPERTS QUALITY EARNINGS | TNK | TEEKAY TANKERS LTD |  |  | G8726X106 | H110 | Trans. - Shipping |  | COMMSTCK | COMMON STOCK |  |  |  | BMD | BERMUDA |  |  | USD | US DOLLAR | 1/0/1900 |  |  | 42.57 |  |  |  |  | TEEKAY TANKERS LTD |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 | L<br> N |  |  | 4/30/2025<br> C |  | 449;USD | USD | 1418.00 | 57800.88 | 57800.88 | 60364.26 | 60364.26 | 2563.38 | 2563.38 | 0.00 | False | 0.00 | N/A | 0.24 | 0.24 | 0.24 | 0.00 |  |  | TNK<br> N | MP |
| 449 | INDEXPERTS QUALITY EARNINGS | CRAI | CRAI INTERNATIONAL |  |  | 12618T105 | H20H | Business & Public | Services | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | DE | DELAWARE | USD | US DOLLAR | 1/0/1900 |  |  | 162.20 |  |  |  |  | CRAI INTERNATIONAL |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 | L<br> N |  |  | 4/30/2025<br> C |  | 449;USD | USD | 594.00 | 112335.50 | 112335.50 | 96346.80 | 96346.80 | -15988.70 | -15988.70 | 0.00 | False | 0.00 | N/A | 0.39 | 0.39 | 0.39 | 0.00 |  |  | CRAI<br> N | MP |
| 449 | INDEXPERTS QUALITY EARNINGS | CSV | CARRIAGE SERVICES |  |  | 143905107 | H30H | Consumer Services |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | TX | TEXAS | USD | US DOLLAR | 1/0/1900 |  |  | 39.96 |  |  |  |  | CARRIAGE SERVICES |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 | L<br> N |  |  | 4/30/2025<br> C |  | 449;USD | USD | 3129.00 | 125439.10 | 125439.10 | 125034.84 | 125034.84 | -404.26 | -404.26 | 0.00 | False | 0.00 | N/A | 0.50 | 0.50 | 0.50 | 0.00 |  |  | CSV<br> N | MP |
| 449 | INDEXPERTS QUALITY EARNINGS | FCFS | FirstCash Inc |  |  | 33768G107 | I10I | Consumer Finance |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | TX | TEXAS | USD | US DOLLAR | 1/0/1900 |  |  | 133.96 |  |  |  |  | FirstCash Inc |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 1350.48 | L<br> N |  |  | 4/30/2025<br> C |  | 449;USD | USD | 993.00 | 112733.87 | 112733.87 | 133022.28 | 133022.28 | 20288.41 | 20288.41 | 1.02 | False | 0.00 | N/A | 0.54 | 0.54 | 0.54 | 0.00 |  |  | FCFS<br> N | MP |
| 449 | INDEXPERTS QUALITY EARNINGS | VICI | VICI Properties Inc |  |  | 925652109 | I402 | REITS |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | NV | NEVADA | USD | US DOLLAR | 1/0/1900 |  |  | 32.02 |  |  |  |  | VICI Properties Inc |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 19643.61 | L<br> N |  |  | 4/30/2025<br> C |  | 449;USD | USD | 12201.00 | 368462.85 | 368462.85 | 390676.02 | 390676.02 | 22213.17 | 22213.17 | 5.03 | False | 0.00 | N/A | 1.57 | 1.57 | 1.57 | 0.00 |  |  | VICI<br> N | MP |
| 449 | INDEXPERTS QUALITY EARNINGS | FGTXX | Goldman Sachs Financ | ial Square Funds - G |  | 38141W273 | 1078 | Money Market Fund |  | MONEYMKT | MONEY MARKET |  |  |  | USA | UNITED STATES | IL | ILLINOIS | USD | US DOLLAR | 5/1/2025 |  |  | 100.00 |  |  |  |  | Goldman Sachs Financ | ial Square Funds - G |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 2830.58 | L<br> N |  |  | 4/30/2025<br> C |  | 449;USD | USD | 66730.51 | 66730.51 | 66730.51 | 66730.51 | 66730.51 | 0.00 | 0.00 | 4.24 | False | 4.23 |  | 0.27 | 0.27 | 0.27 | 0.00 |  |  | FGTXX<br> N | AC |

---

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** SPINNAKER ETF SERIES

- **b. Investment Company Act file number:** 811-22398

- **c. CIK number of Registrant:** 0001484018

- **d. LEI of Registrant:** 54930056GHDI2JOI6X90

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

  - **Street Address 1:** 116 SOUTH FRANKLIN STREET

  - **City:** ROCKY MOUNT

  - **State:** NC

  - **Foreign country:** US

  - **Zip / Postal Code:** 27804-5707

  - **Telephone number:** 252-972-9922

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

- **a. Name of Series:** Indexperts Quality Earnings Focused ETF

- **b. EDGAR series identifier (if any):** S000088673

- **c. LEI of Series:** 529900RHR6KWU6NOXQ08

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

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

- **b. Date as of which information is reported:** 2025-04-30

**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:** $24824038.04

**Total Liabilities:** $9585.60

**Net Assets:** $24814452.44

**Currency Risk Metrics (dv01):**

- 

**Credit Spread Risk - Investment Grade (dv01):**

- **3-Month:** 0 | **1-Year:** 0 | **5-Year:** 0 | **10-Year:** 0 | **30-Year:** 0

**Credit Spread Risk - Non-Investment Grade (dv01):**

- **3-Month:** 0 | **1-Year:** 0 | **5-Year:** 0 | **10-Year:** 0 | **30-Year:** 0

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000255013 | -0.88%               | -3.83%               | -0.03%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $616.82                  | $-269507.82                                |
| Month 2  | $0.00                    | $-905852.51                                |
| Month 3  | $159346.26               | $-21940.19                                 |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| ACADIAN ASSET        | COMMSTCK | CUSIP: 10948W103<br>LEI: N/A                  | Long             | EC               | CORP              | GB        |      3661 | NS      | $98627.34     | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Abbott Laboratories  | COMMSTCK | CUSIP: 002824100<br>LEI: HQD377W2YR662HK5JX27 | Long             | EC               | CORP              | US        |      3067 | NS      | $401010.25    | 1.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Adobe Systems Inc    | COMMSTCK | CUSIP: 00724F101<br>LEI: FU4LY2G4933NH2E1CP29 | Long             | EC               | CORP              | US        |       625 | NS      | $234362.50    | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| American Financial   | COMMSTCK | CUSIP: 025932104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       881 | NS      | $111587.46    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Albany International | COMMSTCK | CUSIP: 012348108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       830 | NS      | $54580.80     | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Applied Industrial T | COMMSTCK | CUSIP: 03820C105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       418 | NS      | $101691.04    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Allison Transmission | COMMSTCK | CUSIP: 01973R101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1495 | NS      | $137898.80    | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| AUTOLIV INC          | COMMSTCK | CUSIP: 052800109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       980 | NS      | $91365.40     | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Applied Materials In | COMMSTCK | CUSIP: 038222105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1785 | NS      | $269017.35    | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Amcor PLC            | COMMSTCK | CUSIP: G0250X107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     14478 | NS      | $133199.90    | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| AMC Networks Inc     | COMMSTCK | CUSIP: 00164V103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      6172 | NS      | $39500.80     | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Arista Networks Inc  | COMMSTCK | CUSIP: 040413205<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      7080 | NS      | $582471.60    | 2.35%             |  |  |  | No            |                  1 | On Loan: No      |
| ARCBEST CORP         | COMMSTCK | CUSIP: 03937C105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       546 | NS      | $31951.92     | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Ares Capital Corp    | COMMSTCK | CUSIP: 04010L103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5566 | NS      | $114993.56    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Astrana Health Inc   | COMMSTCK | CUSIP: 03763A207<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1795 | NS      | $55950.15     | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Atkore International | COMMSTCK | CUSIP: 047649108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       503 | NS      | $32126.61     | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Avient Corp          | COMMSTCK | CUSIP: 05368V106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1927 | NS      | $64188.37     | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| American Express Co  | COMMSTCK | CUSIP: 025816109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2354 | NS      | $627129.14    | 2.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Acuity Brands Inc    | COMMSTCK | CUSIP: 00508Y102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       506 | NS      | $123266.66    | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| AutoZone Inc         | COMMSTCK | CUSIP: 053332102<br>LEI: GA3JGKJ41LJKXDN23E90 | Long             | EC               | CORP              | US        |       119 | NS      | $447749.40    | 1.80%             |  |  |  | No            |                  1 | On Loan: No      |
| AZZ Inc              | COMMSTCK | CUSIP: 002474104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1125 | NS      | $97605.00     | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| BJ'S WHOLESALE CLUB  | COMMSTCK | CUSIP: 05550J101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1529 | NS      | $179749.24    | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadridge Financial | COMMSTCK | CUSIP: 11133T103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1768 | NS      | $428563.20    | 1.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Berkshire Hathaway I | COMMSTCK | CUSIP: 084670702<br>LEI: 5493000C01ZX7D35SD85 | Long             | EC               | CORP              | US        |       888 | NS      | $473526.00    | 1.91%             |  |  |  | No            |                  1 | On Loan: No      |
| BOYD GAMING CORP     | COMMSTCK | CUSIP: 103304101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1670 | NS      | $115463.80    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| CASEYS GENERAL STORE | COMMSTCK | CUSIP: 147528103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       373 | NS      | $172546.07    | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Caterpillar Inc      | COMMSTCK | CUSIP: 149123101<br>LEI: WRJR7GS4GTRECRRTVX92 | Long             | EC               | CORP              | US        |      1059 | NS      | $327516.93    | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Cadence Design Syste | COMMSTCK | CUSIP: 127387108<br>LEI: GCT7RXJOGLXPV0NXZY22 | Long             | EC               | CORP              | US        |       520 | NS      | $154824.80    | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| CF Industries Holdin | COMMSTCK | CUSIP: 125269100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1990 | NS      | $155956.30    | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Cigna Corp           | COMMSTCK | CUSIP: 125523100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       516 | NS      | $175460.64    | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Centene Corp         | COMMSTCK | CUSIP: 15135B101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2047 | NS      | $122512.95    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| AmerisourceBergen Co | COMMSTCK | CUSIP: 03073E105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1528 | NS      | $447199.76    | 1.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Costco Wholesale Cor | COMMSTCK | CUSIP: 22160K105<br>LEI: 29DX7H14B9S6O3FD6V18 | Long             | EC               | CORP              | US        |       526 | NS      | $523107.00    | 2.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Chesapeake Utilities | COMMSTCK | CUSIP: 165303108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       781 | NS      | $102834.27    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| CRAI INTERNATIONAL   | COMMSTCK | CUSIP: 12618T105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       594 | NS      | $96346.80     | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| CorVel Corp          | COMMSTCK | CUSIP: 221006109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1000 | NS      | $108760.00    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Cisco Systems Inc    | COMMSTCK | CUSIP: 17275R102<br>LEI: 8E6NF1YAL0WT6CWXXV93 | Long             | EC               | CORP              | US        |      7614 | NS      | $439556.22    | 1.77%             |  |  |  | No            |                  1 | On Loan: No      |
| CARRIAGE SERVICES    | COMMSTCK | CUSIP: 143905107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3129 | NS      | $125034.84    | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Cognizant Technology | COMMSTCK | CUSIP: 192446102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4578 | NS      | $336803.46    | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Curtiss-Wright Corp  | COMMSTCK | CUSIP: 231561101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       516 | NS      | $177963.24    | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| CRANE NXT CO         | COMMSTCK | CUSIP: 224441105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1900 | NS      | $89148.00     | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Deckers Outdoor Corp | COMMSTCK | CUSIP: 243537107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1131 | NS      | $125348.73    | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| DEXCOM INC COM       | COMMSTCK | CUSIP: 252131107<br>LEI: 549300YSK3QDSFR5EU59 | Long             | EC               | CORP              | US        |      1361 | NS      | $97148.18     | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Ethan Allen Interior | COMMSTCK | CUSIP: 297602104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2389 | NS      | $67919.27     | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| ExlService Holdings  | COMMSTCK | CUSIP: 302081104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2530 | NS      | $122654.40    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| National Vision Hold | COMMSTCK | CUSIP: 63845R107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3371 | NS      | $41631.85     | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Finan | COMMSTCK | CUSIP: 31847R102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1900 | NS      | $115539.00    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| FirstCash Inc        | COMMSTCK | CUSIP: 33768G107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       993 | NS      | $133022.28    | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Fair Isaac Corp      | COMMSTCK | CUSIP: 303250104<br>LEI: RI6HET5SJUEY30V1PS26 | Long             | EC               | CORP              | US        |        89 | NS      | $177081.52    | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Comfort Systems USA  | COMMSTCK | CUSIP: 199908104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       260 | NS      | $103363.00    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Genco Shipping & Tra | COMMSTCK | CUSIP: Y2685T131<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3872 | NS      | $50181.12     | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc         | COMMSTCK | CUSIP: 02079K305<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2568 | NS      | $407798.40    | 1.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Global Payments Inc  | COMMSTCK | CUSIP: 37940X102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1185 | NS      | $90427.35     | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| GRAY MEDIA INC       | COMMSTCK | CUSIP: 389375106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     13989 | NS      | $46863.15     | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| WW Grainger Inc      | COMMSTCK | CUSIP: 384802104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       361 | NS      | $369775.91    | 1.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Hackett Group Inc/Th | COMMSTCK | CUSIP: 404609109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3231 | NS      | $82519.74     | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Houlihan Lokey Inc   | COMMSTCK | CUSIP: 441593100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       864 | NS      | $140037.12    | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Hilton Worldwide Hol | COMMSTCK | CUSIP: 43300A203<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       762 | NS      | $171815.76    | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Hormel Foods Corp    | COMMSTCK | CUSIP: 440452100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     10222 | NS      | $305637.80    | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Hawkins Inc          | COMMSTCK | CUSIP: 420261109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1109 | NS      | $135054.02    | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| International        | COMMSTCK | CUSIP: 459200101<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | EC               | CORP              | US        |       852 | NS      | $206030.64    | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Ichor Holdings Ltd   | COMMSTCK | CUSIP: G4740B105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1858 | NS      | $36751.24     | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Insteel Industries I | COMMSTCK | CUSIP: 45774W108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2148 | NS      | $72838.68     | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Ingles Markets Inc   | COMMSTCK | CUSIP: 457030104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1028 | NS      | $63417.32     | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Jones Lang LaSalle I | COMMSTCK | CUSIP: 48020Q107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       580 | NS      | $131897.80    | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Kadant Inc           | COMMSTCK | CUSIP: 48282T104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       252 | NS      | $74340.00     | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| KIMBALL ELECTRONICS  | COMMSTCK | CUSIP: 49428J109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3494 | NS      | $50103.96     | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| KLA-Tencor Corp      | COMMSTCK | CUSIP: 482480100<br>LEI: 549300H0BF5JCG96TJ81 | Long             | EC               | CORP              | US        |       769 | NS      | $540368.61    | 2.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Knight-Swift Transpo | COMMSTCK | CUSIP: 499049104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2019 | NS      | $79084.23     | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Kroger Co/The        | COMMSTCK | CUSIP: 501044101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      7236 | NS      | $522511.56    | 2.11%             |  |  |  | No            |                  1 | On Loan: No      |
| L3Harris Technologie | COMMSTCK | CUSIP: 502431109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       789 | NS      | $173595.78    | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| LINDE PUBLIC LIMITED | COMMSTCK | CUSIP: G54950103<br>LEI: N/A                  | Long             | EC               | CORP              | IE        |       346 | NS      | $156817.58    | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| LKQ Corp             | COMMSTCK | CUSIP: 501889208<br>LEI: DS830JTTZQN6GK0I2E41 | Long             | EC               | CORP              | US        |      2187 | NS      | $83565.27     | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Eli Lilly & Co       | COMMSTCK | CUSIP: 532457108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       506 | NS      | $454868.70    | 1.83%             |  |  |  | No            |                  1 | On Loan: No      |
| LeMaitre Vascular In | COMMSTCK | CUSIP: 525558201<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1115 | NS      | $101175.10    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Lowe's Cos Inc       | COMMSTCK | CUSIP: 548661107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       649 | NS      | $145090.44    | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Lululemon Athletica  | COMMSTCK | CUSIP: 550021109<br>LEI: 549300D9GZ4BMLDW5T40 | Long             | EC               | CORP              | CA        |       333 | NS      | $90166.41     | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Mastercard Inc       | COMMSTCK | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               | CORP              | US        |       328 | NS      | $179763.68    | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| ManpowerGroup Inc    | COMMSTCK | CUSIP: 56418H100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1553 | NS      | $66887.71     | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Matson Inc           | COMMSTCK | CUSIP: 57686G105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       719 | NS      | $78435.71     | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Moody's Corp         | COMMSTCK | CUSIP: 615369105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       957 | NS      | $433635.84    | 1.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corp       | COMMSTCK | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |       374 | NS      | $147827.24    | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Murphy USA Inc       | COMMSTCK | CUSIP: 626755102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       267 | NS      | $133118.19    | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| National Fuel Gas Co | COMMSTCK | CUSIP: 636180101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2304 | NS      | $176901.12    | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Netflix Inc          | COMMSTCK | CUSIP: 64110L106<br>LEI: 549300Y7VHGU0I7CE873 | Long             | EC               | CORP              | US        |       261 | NS      | $295378.92    | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Natural Grocers by V | COMMSTCK | CUSIP: 63888U108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4758 | NS      | $238661.28    | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| ServiceNow Inc       | COMMSTCK | CUSIP: 81762P102<br>LEI: 549300HJTQM36M0E1G39 | Long             | EC               | CORP              | US        |       202 | NS      | $192912.02    | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Napco Security Techn | COMMSTCK | CUSIP: 630402105<br>LEI: 529900KV21J4YY9YST76 | Long             | EC               | CORP              | US        |      2011 | NS      | $45951.35     | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| OWENS & MINOR        | COMMSTCK | CUSIP: 690732102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4014 | NS      | $28338.84     | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| O'Reilly Automotive  | COMMSTCK | CUSIP: 67103H107<br>LEI: 549300K2RLMQL149Q332 | Long             | EC               | CORP              | US        |       145 | NS      | $205204.00    | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Otter Tail Corp      | COMMSTCK | CUSIP: 689648103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       859 | NS      | $68187.42     | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Paychex Inc          | COMMSTCK | CUSIP: 704326107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2986 | NS      | $439300.32    | 1.77%             |  |  |  | No            |                  1 | On Loan: No      |
| PACCAR Inc           | COMMSTCK | CUSIP: 693718108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1400 | NS      | $126294.00    | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Progressive Corp/The | COMMSTCK | CUSIP: 743315103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       854 | NS      | $240605.96    | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Packaging Corp of Am | COMMSTCK | CUSIP: 695156109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       627 | NS      | $116377.47    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| CPI Card Group Inc   | COMMSTCK | CUSIP: 12634H200<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4248 | NS      | $111042.72    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Ryder System Inc     | COMMSTCK | CUSIP: 783549108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       697 | NS      | $95955.99     | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Regeneron Pharmaceut | COMMSTCK | CUSIP: 75886F107<br>LEI: 549300RCBFWIRX3HYQ56 | Long             | EC               | CORP              | US        |       164 | NS      | $98196.64     | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Resideo Technologies | COMMSTCK | CUSIP: 76118Y104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3537 | NS      | $59350.86     | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Ralph Lauren Corp    | COMMSTCK | CUSIP: 751212101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       611 | NS      | $137444.45    | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Rogers Corp          | COMMSTCK | CUSIP: 775133101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       712 | NS      | $44008.72     | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Reliance Inc         | COMMSTCK | CUSIP: 759509102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       354 | NS      | $102033.42    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Service Corp Interna | COMMSTCK | CUSIP: 817565104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1525 | NS      | $121847.50    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Select Medical Holdi | COMMSTCK | CUSIP: 81619Q105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2933 | NS      | $53497.92     | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Synopsys Inc         | COMMSTCK | CUSIP: 871607107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       275 | NS      | $126227.75    | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| S&P Global Inc       | COMMSTCK | CUSIP: 78409V104<br>LEI: Y6X4K52KMJMZE7I7MY94 | Long             | EC               | CORP              | US        |       822 | NS      | $411041.10    | 1.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Shutterstock Inc     | COMMSTCK | CUSIP: 825690100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1605 | NS      | $25615.80     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Sensient Technologie | COMMSTCK | CUSIP: 81725T100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1160 | NS      | $108982.00    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Stryker Corp         | COMMSTCK | CUSIP: 863667101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1051 | NS      | $392989.92    | 1.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Tecnoglass Inc       | COMMSTCK | CUSIP: G87264100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1708 | NS      | $121729.16    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| TEGNA Inc            | COMMSTCK | CUSIP: 87901J105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5701 | NS      | $92527.23     | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Hanover Insurance Gr | COMMSTCK | CUSIP: 410867105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       881 | NS      | $146334.10    | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Gentherm Inc         | COMMSTCK | CUSIP: 37253A103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1372 | NS      | $35685.72     | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| TJX Cos Inc/The      | COMMSTCK | CUSIP: 872540109<br>LEI: V167QI9I69W364E2DY52 | Long             | EC               | CORP              | US        |      1575 | NS      | $202671.00    | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Timken Co/The        | COMMSTCK | CUSIP: 887389104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1327 | NS      | $85259.75     | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Thermo Fisher Scient | COMMSTCK | CUSIP: 883556102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       910 | NS      | $390390.00    | 1.57%             |  |  |  | No            |                  1 | On Loan: No      |
| T-Mobile US Inc      | COMMSTCK | CUSIP: 872590104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3239 | NS      | $799871.05    | 3.22%             |  |  |  | No            |                  1 | On Loan: No      |
| TriNet Group Inc     | COMMSTCK | CUSIP: 896288107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       888 | NS      | $69557.04     | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| TEEKAY TANKERS LTD   | COMMSTCK | CUSIP: G8726X106<br>LEI: N/A                  | Long             | EC               | CORP              | BM        |      1418 | NS      | $60364.26     | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Turning Point Brands | COMMSTCK | CUSIP: 90041L105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3109 | NS      | $190830.42    | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Transcat Inc         | COMMSTCK | CUSIP: 893529107<br>LEI: 54930081E40TSSHUOS40 | Long             | EC               | CORP              | US        |       780 | NS      | $61877.40     | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Travelers Cos Inc/Th | COMMSTCK | CUSIP: 89417E109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       696 | NS      | $183834.48    | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| VICI Properties Inc  | COMMSTCK | CUSIP: 925652109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     12201 | NS      | $390676.02    | 1.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Verisk Analytics Inc | COMMSTCK | CUSIP: 92345Y106<br>LEI: 549300I1YSWNIRKBWP67 | Long             | EC               | CORP              | US        |       646 | NS      | $191493.78    | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Vertex Pharmaceutica | COMMSTCK | CUSIP: 92532F100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       367 | NS      | $186986.50    | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Verizon Communicatio | COMMSTCK | CUSIP: 92343V104<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | EC               | CORP              | US        |      9202 | NS      | $405440.12    | 1.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Williams Cos Inc/The | COMMSTCK | CUSIP: 969457100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     10201 | NS      | $597472.57    | 2.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Walmart Inc          | COMMSTCK | CUSIP: 931142103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      6225 | NS      | $605381.25    | 2.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Watts Water Technolo | COMMSTCK | CUSIP: 942749102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       391 | NS      | $81230.25     | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Exxon Mobil Corp     | COMMSTCK | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |      3486 | NS      | $368226.18    | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs Financ | MONEYMKT | CUSIP: 38141W273<br>LEI: N/A                  | Long             | STIV             |  | US        |     66730 | NS      | $66730.51     | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-06-17

**Name of Applicant:** Spinnaker ETF Series

**Signature:** Pete Mccabe

**Name of Signer:** Pete Mccabe

**Title:** Principal Accounting Officer/Principal Financial Officer