# EDGAR Filing Document

**Accession Number:** 0001518042
**File Stem:** 0000910472-25-002703
**Filing Date:** 2025-10
**Character Count:** 263506
**Document Hash:** a5a467ea481b9d69e3e683c770337f72
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-25-002703.hdr.sgml**: 20251029

**ACCESSION NUMBER**: 0000910472-25-002703

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250831

**FILED AS OF DATE**: 20251029

**DATE AS OF CHANGE**: 20251029

**PERIOD START**: 20260531

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** NORTHERN LIGHTS FUND TRUST II
- **CENTRAL INDEX KEY:** 0001518042

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22549
- **FILM NUMBER:** 251430798

**BUSINESS ADDRESS:**
- **STREET 1:** 225 PICTORIA DRIVE
- **STREET 2:** SUITE 450
- **CITY:** CINCINNATI
- **STATE:** OH
- **ZIP:** 45246
- **BUSINESS PHONE:** 631-470-2600

**MAIL ADDRESS:**
- **STREET 1:** 4221 NORTH 203RD STREET, SUITE 100
- **CITY:** ELKHORN
- **STATE:** NE
- **ZIP:** 68022

## Series and Classes Contracts Data

### Longboard Fund (Series ID: S000047502)

| Class ID   | Class Name             | Ticker Symbol   |
|:---|:---|:---|
| C000149141 | Longboard Fund Class A | LONAX           |
| C000149143 | Longboard Fund Class I | LONGX           |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **LONGBOARD FUND** | **LONGBOARD FUND** | **LONGBOARD FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited)** | **SCHEDULE OF INVESTMENTS (Unaudited)** | **SCHEDULE OF INVESTMENTS (Unaudited)** |
| **August 31, 2025** | **August 31, 2025** | **August 31, 2025** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 84.3%** |  |
|  | **ADVERTISING & MARKETING - 0.1%** |  |
| 5868 | Magnite, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; $152275 |
|  | **AEROSPACE & DEFENSE - 2.6%** |  |
| 1684 | AAR Corporation<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 127411 |
| 574 | AeroVironment, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 138535 |
| 2302 | Astronics Corporation<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 83724 |
| 2302 | Ducommun, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 209988 |
| 799 | General Dynamics Corporation | &nbsp;&nbsp;&nbsp; 259331 |
| 785 | HEICO Corporation | &nbsp;&nbsp;&nbsp; 244936 |
| 991 | HEICO Corporation, Class A | &nbsp;&nbsp;&nbsp; 242805 |
| 1405 | Howmet Aerospace, Inc. | &nbsp;&nbsp;&nbsp; 244611 |
| 1736 | Kratos Defense & Security Solutions, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 114298 |
| 939 | L3Harris Technologies, Inc. | &nbsp;&nbsp;&nbsp; 260685 |
| 3171 | Leonardo DRS, Inc. | &nbsp;&nbsp;&nbsp; 132104 |
| 412 | Northrop Grumman Corporation | &nbsp;&nbsp;&nbsp; 243096 |
| 8221 | Park Aerospace Corporation | &nbsp;&nbsp;&nbsp; 154062 |
| 1720 | RTX Corporation | &nbsp;&nbsp;&nbsp; 272792 |
| 6142 | Spirit AeroSystems Holdings, Inc., Class A<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 255446 |
| 425 | Teledyne Technologies, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 228722 |
| 152 | TransDigm Group, Inc. | &nbsp;&nbsp;&nbsp; 212630 |
| 830 | Woodward, Inc. | &nbsp;&nbsp;&nbsp; 204861 |
|  |  | &nbsp;&nbsp; 3630037 |
|  | **APPAREL & TEXTILE PRODUCTS - 0.2%** |  |
| 499 | Ralph Lauren Corporation | &nbsp;&nbsp;&nbsp; 148168 |
| 2013 | Tapestry, Inc. | &nbsp;&nbsp;&nbsp; 204964 |
|  |  | &nbsp;&nbsp; 353132 |
|  | **ASSET MANAGEMENT - 2.0%** |  |
| 3081 | Acadian Asset Management, Inc. | &nbsp;&nbsp;&nbsp; 157039 |
| 1225 | Affiliated Managers Group, Inc. | &nbsp;&nbsp;&nbsp; 275406 |
| 4960 | Artisan Partners Asset Management, Inc., Class A | &nbsp;&nbsp;&nbsp; 232078 |
| 3343 | Brookfield Asset Management Ltd. | &nbsp;&nbsp;&nbsp; 201115 |
| 4987 | Brookfield Business Corporation | &nbsp;&nbsp;&nbsp; 164571 |
| 3250 | Carlyle Group, Inc. (The) | &nbsp;&nbsp;&nbsp; 209820 |
| 2167 | Charles Schwab Corporation (The) | &nbsp;&nbsp;&nbsp; 207685 |

---

---

| | | |
|:---|:---|:---|
| **LONGBOARD FUND** | **LONGBOARD FUND** | **LONGBOARD FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **August 31, 2025** | **August 31, 2025** | **August 31, 2025** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 84.3% (Continued)** |  |
|  | **ASSET MANAGEMENT - 2.0% (Continued)** |  |
| 13567 | GCM Grosvenor, Inc. | &nbsp;&nbsp;&nbsp; $175828 |
| 8978 | Invesco Ltd. | &nbsp;&nbsp;&nbsp; 196528 |
| 4282 | Janus Henderson Group plc | &nbsp;&nbsp;&nbsp; 189778 |
| 392 | LPL Financial Holdings, Inc. | &nbsp;&nbsp;&nbsp; 142876 |
| 3507 | Victory Capital Holdings, Inc. | &nbsp;&nbsp;&nbsp; 249979 |
| 5386 | Vitesse Energy, Inc. | &nbsp;&nbsp;&nbsp; 143321 |
| 18560 | WisdomTree, Inc. | &nbsp;&nbsp;&nbsp; 252602 |
|  |  | &nbsp;&nbsp; 2798626 |
|  | **AUTOMOTIVE - 0.4%** |  |
| 1408 | Dorman Products, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 227800 |
| 11632 | Garrett Motion, Inc. | &nbsp;&nbsp;&nbsp; 151100 |
| 2865 | Phinia, Inc. | &nbsp;&nbsp;&nbsp; 167545 |
|  |  | &nbsp;&nbsp; 546445 |
|  | **BANKING - 11.5%** |  |
| 2982 | 1st Source Corporation | &nbsp;&nbsp;&nbsp; 192100 |
| 3422 | ACNB Corporation | &nbsp;&nbsp;&nbsp; 155085 |
| 4896 | Amalgamated Financial Corporation | &nbsp;&nbsp;&nbsp; 141445 |
| 2544 | Ameris Bancorp | &nbsp;&nbsp;&nbsp; 186424 |
| 4105 | Arrow Financial Corporation | &nbsp;&nbsp;&nbsp; 122042 |
| 6971 | Associated Banc-Corporation | &nbsp;&nbsp;&nbsp; 188008 |
| 1876 | Axos Financial, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 171110 |
| 1399 | BancFirst Corporation | &nbsp;&nbsp;&nbsp; 186025 |
| 5665 | Banco Latinoamericano de Comercio Exterior S.A., Class E | &nbsp;&nbsp;&nbsp; 261326 |
| 2834 | Bancorp, Inc. (The)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 216064 |
| 1518 | Bank First Corporation | &nbsp;&nbsp;&nbsp; 197219 |
| 4742 | Bank of NT Butterfield & Son Ltd. (The) | &nbsp;&nbsp;&nbsp; 213959 |
| 4225 | Bank OZK | &nbsp;&nbsp;&nbsp; 221686 |
| 2431 | Banner Corporation | &nbsp;&nbsp;&nbsp; 162950 |
| 3358 | Bar Harbor Bankshares | &nbsp;&nbsp;&nbsp; 108363 |
| 6527 | Business First Bancshares, Inc. | &nbsp;&nbsp;&nbsp; 163240 |
| 3649 | Camden National Corporation | &nbsp;&nbsp;&nbsp; 149208 |
| 3484 | Capital City Bank Group, Inc. | &nbsp;&nbsp;&nbsp; 152808 |
| 5604 | Central Pacific Financial Corporation | &nbsp;&nbsp;&nbsp; 175517 |
| 3373 | Citigroup, Inc. | &nbsp;&nbsp;&nbsp; 325732 |

---

---

| | | |
|:---|:---|:---|
| **LONGBOARD FUND** | **LONGBOARD FUND** | **LONGBOARD FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **August 31, 2025** | **August 31, 2025** | **August 31, 2025** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 84.3% (Continued)** |  |
|  | **BANKING - 11.5% (Continued)** |  |
| 5352 | Citizens Financial Group, Inc. | &nbsp;&nbsp;&nbsp; $279803 |
| 1778 | City Holding Company | &nbsp;&nbsp;&nbsp; 228437 |
| 1752 | Coastal Financial Corporation<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 200604 |
| 2640 | Community Financial System, Inc. | &nbsp;&nbsp;&nbsp; 158110 |
| 3341 | Community Trust Bancorp, Inc. | &nbsp;&nbsp;&nbsp; 195181 |
| 2449 | Enterprise Financial Services Corporation | &nbsp;&nbsp;&nbsp; 149977 |
| 2458 | Esquire Financial Holdings, Inc. | &nbsp;&nbsp;&nbsp; 241130 |
| 3165 | FB Financial Corporation | &nbsp;&nbsp;&nbsp; 169897 |
| 6333 | Financial Institutions, Inc. | &nbsp;&nbsp;&nbsp; 175234 |
| 3794 | First Bancorp | &nbsp;&nbsp;&nbsp; 207114 |
| 9255 | First BanCorporation | &nbsp;&nbsp;&nbsp; 205739 |
| 1317 | First Business Financial Services, Inc. | &nbsp;&nbsp;&nbsp; 68905 |
| 3382 | First Community Bankshares, Inc. | &nbsp;&nbsp;&nbsp; 128448 |
| 6239 | First Financial Bancorp | &nbsp;&nbsp;&nbsp; 165209 |
| 3458 | First Financial Corporation | &nbsp;&nbsp;&nbsp; 204022 |
| 9785 | First Horizon Corporation | &nbsp;&nbsp;&nbsp; 221141 |
| 4265 | First Merchants Corporation | &nbsp;&nbsp;&nbsp; 177083 |
| 4555 | First Mid Bancshares, Inc. | &nbsp;&nbsp;&nbsp; 184204 |
| 4232 | Five Star Bancorp | &nbsp;&nbsp;&nbsp; 138683 |
| 3203 | German American Bancorp, Inc. | &nbsp;&nbsp;&nbsp; 133821 |
| 2004 | Great Southern Bancorp, Inc. | &nbsp;&nbsp;&nbsp; 126833 |
| 3477 | Guaranty Bancshares, Inc. | &nbsp;&nbsp;&nbsp; 170860 |
| 2830 | Hancock Whitney Corporation | &nbsp;&nbsp;&nbsp; 178064 |
| 6799 | Hanmi Financial Corporation | &nbsp;&nbsp;&nbsp; 171063 |
| 2816 | HBT Financial, Inc. | &nbsp;&nbsp;&nbsp; 74596 |
| 5786 | Hilltop Holdings, Inc. | &nbsp;&nbsp;&nbsp; 202973 |
| 1163 | Home Bancorp, Inc. | &nbsp;&nbsp;&nbsp; 65436 |
| 5441 | Home BancShares, Inc. | &nbsp;&nbsp;&nbsp; 161924 |
| 4022 | HomeTrust Bancshares, Inc. | &nbsp;&nbsp;&nbsp; 166350 |
| 10440 | Huntington Bancshares, Inc. | &nbsp;&nbsp;&nbsp; 185936 |
| 4361 | Independent Bank Corporation (MI) | &nbsp;&nbsp;&nbsp; 143433 |
| 2598 | International Bancshares Corporation | &nbsp;&nbsp;&nbsp; 185861 |
| 9710 | KeyCorporation | &nbsp;&nbsp;&nbsp; 187986 |
| 3188 | Mercantile Bank Corporation | &nbsp;&nbsp;&nbsp; 157009 |

---

---

| | | |
|:---|:---|:---|
| **LONGBOARD FUND** | **LONGBOARD FUND** | **LONGBOARD FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **August 31, 2025** | **August 31, 2025** | **August 31, 2025** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 84.3% (Continued)** |  |
|  | **BANKING - 11.5% (Continued)** |  |
| 4263 | Metrocity Bankshares, Inc. | &nbsp;&nbsp;&nbsp; $127634 |
| 1825 | Metropolitan Bank Holding Corporation | &nbsp;&nbsp;&nbsp; 144887 |
| 5833 | Mid Penn Bancorp, Inc. | &nbsp;&nbsp;&nbsp; 175807 |
| 5886 | MidWestOne Financial Group, Inc. | &nbsp;&nbsp;&nbsp; 177993 |
| 6210 | MVB Financial Corporation | &nbsp;&nbsp;&nbsp; 151524 |
| 2964 | NBT Bancorp, Inc. | &nbsp;&nbsp;&nbsp; 131216 |
| 1372 | Nicolet Bankshares, Inc. | &nbsp;&nbsp;&nbsp; 189734 |
| 2162 | Northeast Bank | &nbsp;&nbsp;&nbsp; 239031 |
| 10717 | Northwest Bancshares, Inc. | &nbsp;&nbsp;&nbsp; 135570 |
| 4087 | OFG Bancorp | &nbsp;&nbsp;&nbsp; 182893 |
| 9070 | Old National Bancorp | &nbsp;&nbsp;&nbsp; 207612 |
| 9298 | Old Second Bancorp, Inc. | &nbsp;&nbsp;&nbsp; 171641 |
| 3923 | Origin Bancorp, Inc. | &nbsp;&nbsp;&nbsp; 152565 |
| 1139 | Park National Corporation | &nbsp;&nbsp;&nbsp; 195646 |
| 2300 | Pathward Financial, Inc. | &nbsp;&nbsp;&nbsp; 182781 |
| 4859 | Peoples Bancorp, Inc. | &nbsp;&nbsp;&nbsp; 150337 |
| 1727 | Popular, Inc. | &nbsp;&nbsp;&nbsp; 216980 |
| 1606 | Preferred Bank | &nbsp;&nbsp;&nbsp; 151606 |
| 7094 | Regions Financial Corporation | &nbsp;&nbsp;&nbsp; 194305 |
| 5846 | Renasant Corporation | &nbsp;&nbsp;&nbsp; 228754 |
| 1534 | Republic Bancorp, Inc., Class A | &nbsp;&nbsp;&nbsp; 117719 |
| 3984 | S&T Bancorp, Inc. | &nbsp;&nbsp;&nbsp; 157408 |
| 4551 | SmartFinancial, Inc. | &nbsp;&nbsp;&nbsp; 167704 |
| 4048 | South Plains Financial, Inc. | &nbsp;&nbsp;&nbsp; 164470 |
| 1585 | SouthState Corporation | &nbsp;&nbsp;&nbsp; 161765 |
| 4110 | Stellar Bancorp, Inc. | &nbsp;&nbsp;&nbsp; 127081 |
| 2197 | Stock Yards Bancorp, Inc. | &nbsp;&nbsp;&nbsp; 177320 |
| 2949 | Synovus Financial Corporation | &nbsp;&nbsp;&nbsp; 152198 |
| 1735 | Texas Capital Bancshares, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 150199 |
| 17384 | TFS Financial Corporation | &nbsp;&nbsp;&nbsp; 244419 |
| 4164 | Third Coast Bancshares, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 165852 |
| 4621 | Towne Bank | &nbsp;&nbsp;&nbsp; 169544 |
| 4183 | Truist Financial Corporation | &nbsp;&nbsp;&nbsp; 195848 |
| 5226 | TrustCompany Bank Corporation | &nbsp;&nbsp;&nbsp; 207943 |

---

---

| | | |
|:---|:---|:---|
| **LONGBOARD FUND** | **LONGBOARD FUND** | **LONGBOARD FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **August 31, 2025** | **August 31, 2025** | **August 31, 2025** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 84.3% (Continued)** |  |
|  | **BANKING - 11.5% (Continued)** |  |
| 4669 | Trustmark Corporation | &nbsp;&nbsp;&nbsp; $188021 |
| 4959 | Univest Financial Corporation | &nbsp;&nbsp;&nbsp; 157052 |
| 4433 | Veritex Holdings, Inc. | &nbsp;&nbsp;&nbsp; 152274 |
| 2792 | Webster Financial Corporation | &nbsp;&nbsp;&nbsp; 173718 |
| 1226 | Wintrust Financial Corporation | &nbsp;&nbsp;&nbsp; 168318 |
| 2840 | WSFS Financial Corporation | &nbsp;&nbsp;&nbsp; 165544 |
|  |  | &nbsp;&nbsp; 16374290 |
|  | **BEVERAGES - 0.2%** |  |
| 4584 | Monster Beverage Corporation<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 286087 |
|  | **BIOTECH & PHARMA - 2.3%** |  |
| 4760 | Alkermes plc<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 137897 |
| 500 | Alnylam Pharmaceuticals, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 223255 |
| 1861 | ANI Pharmaceuticals, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 174004 |
| 1104 | Axsome Therapeutics, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 133893 |
| 3585 | Bridgebio Pharma, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 185560 |
| 3660 | Catalyst Pharmaceuticals, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 75359 |
| 7995 | Elanco Animal Health, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 146708 |
| 3450 | Exelixis, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 129099 |
| 2205 | Gilead Sciences, Inc. | &nbsp;&nbsp;&nbsp; 249099 |
| 2554 | Halozyme Therapeutics, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 186825 |
| 1877 | Incyte Corporation<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 158813 |
| 8077 | Innoviva, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 165013 |
| 867 | Insmed, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 117999 |
| 1282 | Ligand Pharmaceuticals, Inc., Class B<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 207312 |
| 5048 | Liquidia Corporation<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 139729 |
| 2920 | Mirum Pharmaceuticals, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 215700 |
| 1093 | Nuvalent, Inc., Class A<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 83702 |
| 1389 | Rhythm Pharmaceuticals, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 143275 |
| 3464 | Supernus Pharmaceuticals, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 156296 |
| 13102 | Theravance Biopharma, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 181856 |
|  |  | &nbsp;&nbsp; 3211394 |
|  | **CHEMICALS - 1.2%** |  |
| 923 | Balchem Corporation | &nbsp;&nbsp;&nbsp; 149609 |

---

---

| | | |
|:---|:---|:---|
| **LONGBOARD FUND** | **LONGBOARD FUND** | **LONGBOARD FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **August 31, 2025** | **August 31, 2025** | **August 31, 2025** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 84.3% (Continued)** |  |
|  | **CHEMICALS - 1.2% (Continued)** |  |
| 2562 | Corteva, Inc. | &nbsp;&nbsp;&nbsp; $190075 |
| 882 | Ecolab, Inc. | &nbsp;&nbsp;&nbsp; 244349 |
| 832 | Hawkins, Inc. | &nbsp;&nbsp;&nbsp; 139219 |
| 389 | NewMarket Corporation | &nbsp;&nbsp;&nbsp; 321687 |
| 2812 | Oil-Dri Corp of America | &nbsp;&nbsp;&nbsp; 166977 |
| 10319 | Perimeter Solutions, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 231042 |
| 2045 | Sensient Technologies Corporation | &nbsp;&nbsp;&nbsp; 232026 |
|  |  | &nbsp;&nbsp; 1674984 |
|  | **COMMERCIAL SUPPORT SERVICES - 2.0%** |  |
| 6349 | Aramark | &nbsp;&nbsp;&nbsp; 248310 |
| 4984 | Barrett Business Services, Inc. | &nbsp;&nbsp;&nbsp; 243219 |
| 2086 | Casella Waste Systems, Inc., Class A<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 205596 |
| 1074 | Cintas Corporation | &nbsp;&nbsp;&nbsp; 225572 |
| 6722 | CoreCivic, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 136322 |
| 1040 | CRA International, Inc. | &nbsp;&nbsp;&nbsp; 201510 |
| 8816 | Ennis, Inc. | &nbsp;&nbsp;&nbsp; 161068 |
| 2011 | GEO Group, Inc. (The)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 41708 |
| 3047 | H&R Block, Inc. | &nbsp;&nbsp;&nbsp; 153416 |
| 3129 | Heidrick & Struggles International, Inc. | &nbsp;&nbsp;&nbsp; 158984 |
| 1436 | Huron Consulting Group, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 196675 |
| 1103 | Republic Services, Inc. | &nbsp;&nbsp;&nbsp; 258070 |
| 3885 | Rollins, Inc. | &nbsp;&nbsp;&nbsp; 219658 |
| 851 | UniFirst Corporation | &nbsp;&nbsp;&nbsp; 151325 |
| 974 | Waste Management, Inc. | &nbsp;&nbsp;&nbsp; 220504 |
| 722 | Willdan Group, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 79319 |
|  |  | &nbsp;&nbsp; 2901256 |
|  | **CONSTRUCTION MATERIALS - 0.6%** |  |
| 1649 | CRH PLC | &nbsp;&nbsp;&nbsp; 186255 |
| 2045 | Knife River Corporation<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 165645 |
| 327 | Martin Marietta Materials, Inc. | &nbsp;&nbsp;&nbsp; 201563 |
| 8510 | MDU Resources Group, Inc. | &nbsp;&nbsp;&nbsp; 138628 |
| 743 | Vulcan Materials Company | &nbsp;&nbsp;&nbsp; 216331 |
|  |  | &nbsp;&nbsp; 908422 |

---

---

| | | |
|:---|:---|:---|
| **LONGBOARD FUND** | **LONGBOARD FUND** | **LONGBOARD FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **August 31, 2025** | **August 31, 2025** | **August 31, 2025** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 84.3% (Continued)** |  |
|  | **CONSUMER SERVICES - 1.2%** |  |
| 855 | Adtalem Global Education, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; $111962 |
| 5224 | Carriage Services, Inc. | &nbsp;&nbsp;&nbsp; 228707 |
| 262 | Graham Holdings Company, Class B | &nbsp;&nbsp;&nbsp; 284544 |
| 1395 | Grand Canyon Education, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 281190 |
| 6474 | Laureate Education, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 177906 |
| 3977 | Perdoceo Education Corporation | &nbsp;&nbsp;&nbsp; 130207 |
| 2446 | Service Corp International | &nbsp;&nbsp;&nbsp; 193846 |
| 835 | Stride, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 136264 |
| 6312 | Universal Technical Institute, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 167836 |
|  |  | &nbsp;&nbsp; 1712462 |
|  | **CONTAINERS & PACKAGING - 0.3%** |  |
| 2263 | Crown Holdings, Inc. | &nbsp;&nbsp;&nbsp; 224897 |
| 5607 | TriMas Corporation | &nbsp;&nbsp;&nbsp; 216823 |
|  |  | &nbsp;&nbsp; 441720 |
|  | **DIVERSIFIED INDUSTRIALS - 1.0%** |  |
| 1111 | 3M Company | &nbsp;&nbsp;&nbsp; 172794 |
| 556 | Eaton Corporation plc | &nbsp;&nbsp;&nbsp; 194122 |
| 2134 | Emerson Electric Company | &nbsp;&nbsp;&nbsp; 281688 |
| 1279 | Honeywell International, Inc. | &nbsp;&nbsp;&nbsp; 280741 |
| 1801 | ITT, Inc. | &nbsp;&nbsp;&nbsp; 306620 |
| 1836 | Pentair PLC | &nbsp;&nbsp;&nbsp; 197425 |
|  |  | &nbsp;&nbsp; 1433390 |
|  | **E-COMMERCE DISCRETIONARY - 0.3%** |  |
| 6938 | Coupang, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 198288 |
| 2053 | eBay, Inc. | &nbsp;&nbsp;&nbsp; 186022 |
|  |  | &nbsp;&nbsp; 384310 |
|  | **ELECTRIC UTILITIES - 3.8%** |  |
| 3522 | Alliant Energy Corporation | &nbsp;&nbsp;&nbsp; 229177 |
| 2147 | Ameren Corporation | &nbsp;&nbsp;&nbsp; 214228 |
| 1862 | American Electric Power Company, Inc. | &nbsp;&nbsp;&nbsp; 206719 |
| 5506 | Avista Corporation | &nbsp;&nbsp;&nbsp; 201189 |
| 5111 | Brookfield Renewable Corporation | &nbsp;&nbsp;&nbsp; 172241 |
| 5516 | CenterPoint Energy, Inc. | &nbsp;&nbsp;&nbsp; 208008 |
| 2982 | CMS Energy Corporation | &nbsp;&nbsp;&nbsp; 213422 |

---

---

| | | |
|:---|:---|:---|
| **LONGBOARD FUND** | **LONGBOARD FUND** | **LONGBOARD FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **August 31, 2025** | **August 31, 2025** | **August 31, 2025** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 84.3% (Continued)** |  |
|  | **ELECTRIC UTILITIES - 3.8% (Continued)** |  |
| 1824 | Consolidated Edison, Inc. | &nbsp;&nbsp;&nbsp; $179172 |
| 1666 | DTE Energy Company | &nbsp;&nbsp;&nbsp; 227659 |
| 2101 | Duke Energy Corporation | &nbsp;&nbsp;&nbsp; 257351 |
| 3150 | Entergy Corporation | &nbsp;&nbsp;&nbsp; 277483 |
| 3396 | Evergy, Inc. | &nbsp;&nbsp;&nbsp; 241999 |
| 4366 | Exelon Corporation | &nbsp;&nbsp;&nbsp; 190707 |
| 4979 | FirstEnergy Corporation | &nbsp;&nbsp;&nbsp; 217184 |
| 1949 | IDACORP, Inc. | &nbsp;&nbsp;&nbsp; 243820 |
| 3833 | Northwestern Energy Group, Inc. | &nbsp;&nbsp;&nbsp; 220436 |
| 815 | NRG Energy, Inc. | &nbsp;&nbsp;&nbsp; 118631 |
| 4913 | OGE Energy Corporation | &nbsp;&nbsp;&nbsp; 219415 |
| 2387 | Pinnacle West Capital Corporation | &nbsp;&nbsp;&nbsp; 213302 |
| 7247 | PPL Corporation | &nbsp;&nbsp;&nbsp; 264297 |
| 2669 | Public Service Enterprise Group, Inc. | &nbsp;&nbsp;&nbsp; 219739 |
| 2573 | Southern Company (The) | &nbsp;&nbsp;&nbsp; 237488 |
| 2430 | Unitil Corporation | &nbsp;&nbsp;&nbsp; 114113 |
| 623 | Vistra Corporation | &nbsp;&nbsp;&nbsp; 117816 |
| 2177 | WEC Energy Group, Inc. | &nbsp;&nbsp;&nbsp; 231872 |
| 2872 | Xcel Energy, Inc. | &nbsp;&nbsp;&nbsp; 207904 |
|  |  | &nbsp;&nbsp; 5445372 |
|  | **ELECTRICAL EQUIPMENT - 3.3%** |  |
| 1321 | Advanced Energy Industries, Inc. | &nbsp;&nbsp;&nbsp; 197727 |
| 1836 | Allegion plc | &nbsp;&nbsp;&nbsp; 311752 |
| 3602 | Allient, Inc. | &nbsp;&nbsp;&nbsp; 163459 |
| 1980 | Amphenol Corporation, Class A | &nbsp;&nbsp;&nbsp; 215543 |
| 6760 | API Group Corporation<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 241197 |
| 644 | Argan, Inc. | &nbsp;&nbsp;&nbsp; 146974 |
| 3405 | Atmus Filtration Technologies, Inc. | &nbsp;&nbsp;&nbsp; 151591 |
| 686 | Badger Meter, Inc. | &nbsp;&nbsp;&nbsp; 125483 |
| 861 | Bel Fuse, Inc., Class B | &nbsp;&nbsp;&nbsp; 115856 |
| 1182 | Belden, Inc. | &nbsp;&nbsp;&nbsp; 153896 |
| 582 | BWX Technologies, Inc. | &nbsp;&nbsp;&nbsp; 94307 |
| 264 | GE Vernova, LLC | &nbsp;&nbsp;&nbsp; 161824 |
| 1940 | Itron, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 238504 |

---

---

| | | |
|:---|:---|:---|
| **LONGBOARD FUND** | **LONGBOARD FUND** | **LONGBOARD FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **August 31, 2025** | **August 31, 2025** | **August 31, 2025** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 84.3% (Continued)** |  |
|  | **ELECTRICAL EQUIPMENT - 3.3% (Continued)** |  |
| 2081 | Johnson Controls International plc | &nbsp;&nbsp;&nbsp; $222438 |
| 6666 | LSI Industries, Inc. | &nbsp;&nbsp;&nbsp; 152851 |
| 11594 | Mirion Technologies, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 237677 |
| 2231 | NEXTracker, Inc., Class A<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 150057 |
| 7633 | nLight, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 219830 |
| 1540 | nVent Electric PLC | &nbsp;&nbsp;&nbsp; 139201 |
| 505 | OSI Systems, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 116175 |
| 773 | Rockwell Automation, Inc. | &nbsp;&nbsp;&nbsp; 265471 |
| 1073 | SPX Technologies, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 200769 |
| 461 | Trane Technologies PLC | &nbsp;&nbsp;&nbsp; 191592 |
| 3556 | Trimble, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 287396 |
| 736 | Watts Water Technologies, Inc., Class A | &nbsp;&nbsp;&nbsp; 203798 |
|  |  | &nbsp;&nbsp; 4705368 |
|  | **ENGINEERING & CONSTRUCTION - 1.9%** |  |
| 1836 | AECOM | &nbsp;&nbsp;&nbsp; 229298 |
| 312 | Comfort Systems USA, Inc. | &nbsp;&nbsp;&nbsp; 219455 |
| 924 | Construction Partners, Inc., Class A<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 110788 |
| 612 | Dycom Industries, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 154512 |
| 386 | EMCOR Group, Inc. | &nbsp;&nbsp;&nbsp; 239320 |
| 1794 | Granite Construction, Inc. | &nbsp;&nbsp;&nbsp; 193304 |
| 326 | IES Holdings, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 113875 |
| 1580 | Jacobs Solutions, Inc. | &nbsp;&nbsp;&nbsp; 231043 |
| 880 | MasTec, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 159887 |
| 944 | MYR Group, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 176783 |
| 1743 | Primoris Services Corporation | &nbsp;&nbsp;&nbsp; 206633 |
| 489 | Quanta Services, Inc. | &nbsp;&nbsp;&nbsp; 184822 |
| 703 | Sterling Infrastructure, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 195807 |
| 1973 | Tutor Perini Corporation<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 116289 |
| 1486 | VSE Corporation | &nbsp;&nbsp;&nbsp; 241325 |
|  |  | &nbsp;&nbsp; 2773141 |
|  | **ENTERTAINMENT CONTENT - 0.8%** |  |
| 993 | Electronic Arts, Inc. | &nbsp;&nbsp;&nbsp; 170746 |
| 4775 | Fox Corporation, Class A | &nbsp;&nbsp;&nbsp; 285068 |
| 2988 | Fox Corporation, Class B | &nbsp;&nbsp;&nbsp; 162995 |

---

---

| | | |
|:---|:---|:---|
| **LONGBOARD FUND** | **LONGBOARD FUND** | **LONGBOARD FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **August 31, 2025** | **August 31, 2025** | **August 31, 2025** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 84.3% (Continued)** |  |
|  | **ENTERTAINMENT CONTENT - 0.8% (Continued)** |  |
| 5645 | IMAX Corporation<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; $161221 |
| 1184 | ROBLOX Corporation, Class A<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 147515 |
| 900 | Take-Two Interactive Software, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 209943 |
|  |  | &nbsp;&nbsp; 1137488 |
|  | **FOOD - 0.9%** |  |
| 1066 | Cal-Maine Foods, Inc. | &nbsp;&nbsp;&nbsp; 123272 |
| 4519 | Fresh Del Monte Produce, Inc. | &nbsp;&nbsp;&nbsp; 163949 |
| 831 | Ingredion, Inc. | &nbsp;&nbsp;&nbsp; 107648 |
| 2112 | Phibro Animal Health Corporation, Class A | &nbsp;&nbsp;&nbsp; 78292 |
| 2212 | Pilgrim's Pride Corporation | &nbsp;&nbsp;&nbsp; 98323 |
| 2031 | Post Holdings, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 229808 |
| 2223 | Seneca Foods Corporation, Class A<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 251644 |
| 7752 | Smithfield Foods, Inc. | &nbsp;&nbsp;&nbsp; 197133 |
|  |  | &nbsp;&nbsp; 1250069 |
|  | **GAMING REIT - 0.3%** |  |
| 3665 | Gaming and Leisure Properties, Inc. | &nbsp;&nbsp;&nbsp; 175957 |
| 6080 | VICI Properties, Inc. | &nbsp;&nbsp;&nbsp; 205382 |
|  |  | &nbsp;&nbsp; 381339 |
|  | **GAS & WATER UTILITIES - 1.2%** |  |
| 2307 | Aris Water Solutions, Inc., Class A | &nbsp;&nbsp;&nbsp; 55991 |
| 1678 | Atmos Energy Corporation | &nbsp;&nbsp;&nbsp; 278766 |
| 1543 | Chesapeake Utilities Corporation | &nbsp;&nbsp;&nbsp; 190684 |
| 2725 | National Fuel Gas Company | &nbsp;&nbsp;&nbsp; 236367 |
| 7200 | NiSource, Inc. | &nbsp;&nbsp;&nbsp; 304344 |
| 3222 | ONE Gas, Inc. | &nbsp;&nbsp;&nbsp; 246483 |
| 3071 | Southwest Gas Holdings, Inc. | &nbsp;&nbsp;&nbsp; 245311 |
| 2532 | Spire, Inc. | &nbsp;&nbsp;&nbsp; 193951 |
|  |  | &nbsp;&nbsp; 1751897 |
|  | **HEALTH CARE FACILITIES & SERVICES - 1.4%** |  |
| 1667 | Cardinal Health, Inc. | &nbsp;&nbsp;&nbsp; 248016 |
| 859 | Cencora, Inc. | &nbsp;&nbsp;&nbsp; 250493 |
| 2036 | Encompass Health Corporation | &nbsp;&nbsp;&nbsp; 247903 |
| 1188 | Ensign Group, Inc. (The) | &nbsp;&nbsp;&nbsp; 204075 |
| 767 | Labcorp Holdings, Inc. | &nbsp;&nbsp;&nbsp; 213218 |

---

---

| | | |
|:---|:---|:---|
| **LONGBOARD FUND** | **LONGBOARD FUND** | **LONGBOARD FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **August 31, 2025** | **August 31, 2025** | **August 31, 2025** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 84.3% (Continued)** |  |
|  | **HEALTH CARE FACILITIES & SERVICES - 1.4% (Continued)** |  |
| 255 | McKesson Corporation | &nbsp;&nbsp;&nbsp; $175093 |
| 301 | Medpace Holdings, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 143129 |
| 1036 | Quest Diagnostics, Inc. | &nbsp;&nbsp;&nbsp; 188179 |
| 2367 | RadNet, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 169856 |
| 655 | Tenet Healthcare Corporation<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 120736 |
|  |  | &nbsp;&nbsp; 1960698 |
|  | **HEALTH CARE REIT - 1.1%** |  |
| 4807 | American Healthcare REIT, Inc. | &nbsp;&nbsp;&nbsp; 205692 |
| 7246 | CareTrust REIT, Inc. | &nbsp;&nbsp;&nbsp; 249335 |
| 4622 | LTC Properties, Inc. | &nbsp;&nbsp;&nbsp; 168703 |
| 5293 | Omega Healthcare Investors, Inc. | &nbsp;&nbsp;&nbsp; 225323 |
| 12806 | Sabra Health Care REIT, Inc. | &nbsp;&nbsp;&nbsp; 244723 |
| 3165 | Ventas, Inc. | &nbsp;&nbsp;&nbsp; 215473 |
| 1106 | Welltower, Inc. | &nbsp;&nbsp;&nbsp; 186118 |
|  |  | &nbsp;&nbsp; 1495367 |
|  | **HOME & OFFICE PRODUCTS - 0.3%** |  |
| 1407 | SharkNinja, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 164563 |
| 2494 | Somnigroup International, Inc. | &nbsp;&nbsp;&nbsp; 209371 |
|  |  | &nbsp;&nbsp; 373934 |
|  | **HOME CONSTRUCTION - 0.6%** |  |
| 1603 | Armstrong World Industries, Inc. | &nbsp;&nbsp;&nbsp; 313819 |
| 1981 | Griffon Corporation | &nbsp;&nbsp;&nbsp; 150873 |
| 1759 | Patrick Industries, Inc. | &nbsp;&nbsp;&nbsp; 196744 |
| 2575 | Taylor Morrison Home Corporation<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 173478 |
|  |  | &nbsp;&nbsp; 834914 |
|  | **HOTEL OWNERS & DEVELOPERS - 0.2%** |  |
| 6527 | Millrose Properties, Inc. | &nbsp;&nbsp;&nbsp; 230468 |
|  | **HOUSEHOLD PRODUCTS - 0.3%** |  |
| 1923 | Church & Dwight Company, Inc. | &nbsp;&nbsp;&nbsp; 179147 |
| 1462 | Kimberly-Clark Corporation | &nbsp;&nbsp;&nbsp; 188802 |
|  |  | &nbsp;&nbsp; 367949 |
|  | **INDUSTRIAL INTERMEDIATE PRODUCTS - 1.0%** |  |
| 1925 | AZZ, Inc. | &nbsp;&nbsp;&nbsp; 217313 |

---

---

| | | |
|:---|:---|:---|
| **LONGBOARD FUND** | **LONGBOARD FUND** | **LONGBOARD FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **August 31, 2025** | **August 31, 2025** | **August 31, 2025** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 84.3% (Continued)** |  |
|  | **INDUSTRIAL INTERMEDIATE PRODUCTS - 1.0% (Continued)** |  |
| 941 | Enpro, Inc. | &nbsp;&nbsp;&nbsp; $205863 |
| 5629 | Insteel Industries, Inc. | &nbsp;&nbsp;&nbsp; 216041 |
| 2011 | Mueller Industries, Inc. | &nbsp;&nbsp;&nbsp; 192935 |
| 3462 | Proto Labs, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 172442 |
| 661 | RBC Bearings, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 257764 |
| 501 | Valmont Industries, Inc. | &nbsp;&nbsp;&nbsp; 183927 |
|  |  | &nbsp;&nbsp; 1446285 |
|  | **INDUSTRIAL SUPPORT SERVICES - 1.1%** |  |
| 3485 | Core & Main, Inc., Class A<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 225549 |
| 1316 | DXP Enterprises, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 164342 |
| 4824 | Fastenal Company | &nbsp;&nbsp;&nbsp; 239560 |
| 2564 | RB Global, Inc. | &nbsp;&nbsp;&nbsp; 293681 |
| 5643 | Resideo Technologies, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 192144 |
| 235 | United Rentals, Inc. | &nbsp;&nbsp;&nbsp; 224740 |
| 888 | WESCO International, Inc. | &nbsp;&nbsp;&nbsp; 195218 |
|  |  | &nbsp;&nbsp; 1535234 |
|  | **INSTITUTIONAL FINANCIAL SERVICES - 2.9%** |  |
| 3474 | Bank of New York Mellon Corporation (The) | &nbsp;&nbsp;&nbsp; 366853 |
| 1022 | Cboe Global Markets, Inc. | &nbsp;&nbsp;&nbsp; 241141 |
| 984 | CME Group, Inc. | &nbsp;&nbsp;&nbsp; 262246 |
| 505 | Evercore, Inc., Class A | &nbsp;&nbsp;&nbsp; 162383 |
| 386 | Goldman Sachs Group, Inc. (The) | &nbsp;&nbsp;&nbsp; 287667 |
| 1458 | Houlihan Lokey, Inc. | &nbsp;&nbsp;&nbsp; 290507 |
| 3204 | Interactive Brokers Group, Inc., Class A | &nbsp;&nbsp;&nbsp; 199417 |
| 1561 | Intercontinental Exchange, Inc. | &nbsp;&nbsp;&nbsp; 275673 |
| 1796 | Morgan Stanley | &nbsp;&nbsp;&nbsp; 270262 |
| 2753 | Nasdaq, Inc. | &nbsp;&nbsp;&nbsp; 260819 |
| 1871 | Northern Trust Corporation | &nbsp;&nbsp;&nbsp; 245625 |
| 607 | PJT Partners, Inc., Class A | &nbsp;&nbsp;&nbsp; 108653 |
| 3270 | SEI Investments Company | &nbsp;&nbsp;&nbsp; 288676 |
| 2594 | State Street Corporation | &nbsp;&nbsp;&nbsp; 298231 |
| 1537 | StoneX Group, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 157035 |
| 1733 | Tradeweb Markets, Inc., Class A | &nbsp;&nbsp;&nbsp; 213783 |

---

---

| | | |
|:---|:---|:---|
| **LONGBOARD FUND** | **LONGBOARD FUND** | **LONGBOARD FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **August 31, 2025** | **August 31, 2025** | **August 31, 2025** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 84.3% (Continued)** |  |
|  | **INSTITUTIONAL FINANCIAL SERVICES - 2.9% (Continued)** |  |
| 4315 | Virtu Financial, Inc., Class A | &nbsp;&nbsp;&nbsp; $180885 |
|  |  | &nbsp;&nbsp; 4109856 |
|  | **INSURANCE - 4.6%** |  |
| 2302 | Aflac, Inc. | &nbsp;&nbsp;&nbsp; 245992 |
| 1301 | Allstate Corporation (The) | &nbsp;&nbsp;&nbsp; 264688 |
| 2987 | American International Group, Inc. | &nbsp;&nbsp;&nbsp; 242903 |
| 439 | Arthur J. Gallagher & Company | &nbsp;&nbsp;&nbsp; 132907 |
| 1685 | Axis Capital Holdings LTD. | &nbsp;&nbsp;&nbsp; 166107 |
| 794 | Chubb Ltd. | &nbsp;&nbsp;&nbsp; 218406 |
| 4071 | CNA Financial Corporation | &nbsp;&nbsp;&nbsp; 201718 |
| 3303 | CNO Financial Group, Inc. | &nbsp;&nbsp;&nbsp; 130369 |
| 9126 | Donegal Group, Inc., Class A | &nbsp;&nbsp;&nbsp; 163264 |
| 4608 | Equitable Holdings, Inc. | &nbsp;&nbsp;&nbsp; 245422 |
| 1354 | Globe Life, Inc. | &nbsp;&nbsp;&nbsp; 189492 |
| 1281 | Goosehead Insurance, Inc., Class A | &nbsp;&nbsp;&nbsp; 108514 |
| 7606 | Hamilton Insurance Group Ltd.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 181327 |
| 1074 | Hanover Insurance Group, Inc. (The) | &nbsp;&nbsp;&nbsp; 186318 |
| 2073 | Hartford Insurance Group, Inc. (The) | &nbsp;&nbsp;&nbsp; 274279 |
| 1131 | HCI Group, Inc. | &nbsp;&nbsp;&nbsp; 188549 |
| 4310 | Horace Mann Educators Corporation | &nbsp;&nbsp;&nbsp; 198174 |
| 2733 | Loews Corporation | &nbsp;&nbsp;&nbsp; 264554 |
| 2081 | Mercury General Corporation | &nbsp;&nbsp;&nbsp; 160924 |
| 5171 | NMI Holdings, Inc., Class A<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 203479 |
| 6985 | Old Republic International Corporation | &nbsp;&nbsp;&nbsp; 279190 |
| 1037 | Palomar Holdings, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 127572 |
| 1090 | Progressive Corporation (The) | &nbsp;&nbsp;&nbsp; 269295 |
| 5168 | Radian Group, Inc. | &nbsp;&nbsp;&nbsp; 180260 |
| 654 | RenaissanceRe Holdings Ltd. | &nbsp;&nbsp;&nbsp; 158915 |
| 1483 | Ryan Specialty Holdings, Inc. | &nbsp;&nbsp;&nbsp; 83834 |
| 12931 | SiriusPoint Ltd.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 242068 |
| 6926 | Tiptree, Inc. | &nbsp;&nbsp;&nbsp; 162415 |
| 1074 | Travelers Companies, Inc. (The) | &nbsp;&nbsp;&nbsp; 291603 |
| 4872 | United Fire Group, Inc. | &nbsp;&nbsp;&nbsp; 149765 |
| 5944 | Universal Insurance Holdings, Inc. | &nbsp;&nbsp;&nbsp; 144974 |

---

---

| | | |
|:---|:---|:---|
| **LONGBOARD FUND** | **LONGBOARD FUND** | **LONGBOARD FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **August 31, 2025** | **August 31, 2025** | **August 31, 2025** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 84.3% (Continued)** |  |
|  | **INSURANCE - 4.6% (Continued)** |  |
| 1799 | Unum Group | &nbsp;&nbsp;&nbsp; $125678 |
| 1960 | W R Berkley Corporation | &nbsp;&nbsp;&nbsp; 140512 |
| 782 | Willis Towers Watson PLC | &nbsp;&nbsp;&nbsp; 255550 |
|  |  | &nbsp;&nbsp; 6579017 |
|  | **INTERNET MEDIA & SERVICES - 0.8%** |  |
| 902 | DoorDash, Inc., Class A<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 221216 |
| 3943 | EverQuote, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 91675 |
| 684 | Expedia Group, Inc. | &nbsp;&nbsp;&nbsp; 146923 |
| 6116 | HealthStream, Inc. | &nbsp;&nbsp;&nbsp; 171737 |
| 150 | Spotify Technology S.A.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 102282 |
| 1552 | Uber Technologies, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 145500 |
| 789 | VeriSign, Inc. | &nbsp;&nbsp;&nbsp; 215689 |
|  |  | &nbsp;&nbsp; 1095022 |
|  | **LEISURE FACILITIES & SERVICES - 3.9%** |  |
| 18539 | Accel Entertainment, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 214867 |
| 5012 | Atlanta Braves Holdings, Inc., Series A<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 238095 |
| 6744 | Atlanta Braves Holdings, Inc., Series C<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 303345 |
| 4558 | BJ's Restaurants, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 152966 |
| 3358 | Boyd Gaming Corporation | &nbsp;&nbsp;&nbsp; 288318 |
| 640 | Brinker International, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 99827 |
| 6438 | Carnival Corporation<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 205308 |
| 3034 | Cheesecake Factory, Inc. (The) | &nbsp;&nbsp;&nbsp; 186470 |
| 438 | Churchill Downs, Inc. | &nbsp;&nbsp;&nbsp; 45434 |
| 989 | Darden Restaurants, Inc. | &nbsp;&nbsp;&nbsp; 204664 |
| 654 | Flutter Entertainment plc<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 200889 |
| 3579 | Hilton Grand Vacations, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 170074 |
| 983 | Hilton Worldwide Holdings, Inc. | &nbsp;&nbsp;&nbsp; 271367 |
| 2469 | Liberty Media Corporation Liberty Live - Class A<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 233617 |
| 2236 | Liberty Media Corporation Liberty Live - Class C<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 217742 |
| 4699 | Life Time Group Holdings, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 131196 |
| 1021 | Live Nation Entertainment, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 169986 |
| 1371 | Monarch Casino & Resort, Inc. | &nbsp;&nbsp;&nbsp; 143036 |
| 6464 | OneSpaWorld Holdings Ltd. | &nbsp;&nbsp;&nbsp; 145892 |
| 1536 | Planet Fitness, Inc., Class A<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 160973 |

---

---

| | | |
|:---|:---|:---|
| **LONGBOARD FUND** | **LONGBOARD FUND** | **LONGBOARD FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **August 31, 2025** | **August 31, 2025** | **August 31, 2025** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 84.3% (Continued)** |  |
|  | **LEISURE FACILITIES & SERVICES - 3.9% (Continued)** |  |
| 2818 | Red Rock Resorts, Inc., Class A | &nbsp;&nbsp;&nbsp; $174350 |
| 558 | Royal Caribbean Cruises Ltd. | &nbsp;&nbsp;&nbsp; 202677 |
| 1166 | Shake Shack, Inc., Class A<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 123596 |
| 16989 | Super Group SGHC Ltd. | &nbsp;&nbsp;&nbsp; 197582 |
| 1141 | TKO Group Holdings, Inc. | &nbsp;&nbsp;&nbsp; 216288 |
| 4212 | Travel + Leisure Company | &nbsp;&nbsp;&nbsp; 266241 |
| 3163 | Viking Holdings Ltd.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 201230 |
| 1422 | Wynn Resorts Ltd. | &nbsp;&nbsp;&nbsp; 180239 |
| 1519 | Yum! Brands, Inc. | &nbsp;&nbsp;&nbsp; 223247 |
|  |  | &nbsp;&nbsp; 5569516 |
|  | **LEISURE PRODUCTS - 0.4%** |  |
| 2500 | Acushnet Holdings Corporation | &nbsp;&nbsp;&nbsp; 191625 |
| 126 | Axon Enterprise, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 94159 |
| 2764 | Hasbro, Inc. | &nbsp;&nbsp;&nbsp; 224353 |
|  |  | &nbsp;&nbsp; 510137 |
|  | **MACHINERY - 2.6%** |  |
| 1147 | Alamo Group, Inc. | &nbsp;&nbsp;&nbsp; 242545 |
| 650 | Caterpillar, Inc. | &nbsp;&nbsp;&nbsp; 272375 |
| 987 | Crane Company | &nbsp;&nbsp;&nbsp; 182891 |
| 451 | Curtiss-Wright Corporation | &nbsp;&nbsp;&nbsp; 215646 |
| 348 | Deere & Company | &nbsp;&nbsp;&nbsp; 166567 |
| 2091 | Donaldson Company, Inc. | &nbsp;&nbsp;&nbsp; 166590 |
| 1331 | ESAB Corporation | &nbsp;&nbsp;&nbsp; 153557 |
| 791 | ESCO Technologies, Inc. | &nbsp;&nbsp;&nbsp; 158920 |
| 2127 | Federal Signal Corporation | &nbsp;&nbsp;&nbsp; 261600 |
| 8918 | Gates Industrial Corporation plc<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 227944 |
| 4617 | Gorman-Rupp Company (The) | &nbsp;&nbsp;&nbsp; 197469 |
| 1299 | John Bean Technologies Corporation | &nbsp;&nbsp;&nbsp; 186134 |
| 6680 | Mueller Water Products, Inc., Class A - Series A | &nbsp;&nbsp;&nbsp; 176085 |
| 1807 | Oshkosh Corporation | &nbsp;&nbsp;&nbsp; 251842 |
| 349 | Parker-Hannifin Corporation | &nbsp;&nbsp;&nbsp; 265012 |
| 734 | Standex International Corporation | &nbsp;&nbsp;&nbsp; 149787 |
| 1845 | Xylem, Inc. | &nbsp;&nbsp;&nbsp; 261178 |

---

---

| | | |
|:---|:---|:---|
| **LONGBOARD FUND** | **LONGBOARD FUND** | **LONGBOARD FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **August 31, 2025** | **August 31, 2025** | **August 31, 2025** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 84.3% (Continued)** |  |
|  | **MACHINERY - 2.6% (Continued)** |  |
| 4075 | Zurn Elkay Water Solutions Corporation | &nbsp;&nbsp;&nbsp; $184842 |
|  |  | &nbsp;&nbsp; 3720984 |
|  | **MEDICAL EQUIPMENT & DEVICES - 1.7%** |  |
| 6010 | Artivion, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 264019 |
| 3328 | Boston Scientific Corporation<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 351104 |
| 511 | Insulet Corporation<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 173679 |
| 2666 | iRadimed Corporation | &nbsp;&nbsp;&nbsp; 193125 |
| 835 | iRhythm Technologies, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 141933 |
| 1758 | LeMaitre Vascular, Inc. | &nbsp;&nbsp;&nbsp; 167652 |
| 905 | Natera, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 152266 |
| 5478 | QIAGEN N.V. | &nbsp;&nbsp;&nbsp; 254727 |
| 1286 | ResMed, Inc. | &nbsp;&nbsp;&nbsp; 353021 |
| 622 | STERIS PLC | &nbsp;&nbsp;&nbsp; 152427 |
| 549 | Stryker Corporation | &nbsp;&nbsp;&nbsp; 214884 |
|  |  | &nbsp;&nbsp; 2418837 |
|  | **METALS & MINING - 0.3%** |  |
| 3368 | Newmont Corporation | &nbsp;&nbsp;&nbsp; 250579 |
| 1024 | Royal Gold, Inc. | &nbsp;&nbsp;&nbsp; 183890 |
|  |  | &nbsp;&nbsp; 434469 |
|  | **MORTGAGE FINANCE - 1.2%** |  |
| 14503 | Annaly Capital Management, Inc. | &nbsp;&nbsp;&nbsp; 307319 |
| 21927 | Apollo Commercial Real Estate Finance, Inc. | &nbsp;&nbsp;&nbsp; 232207 |
| 14799 | Ellington Financial, Inc. | &nbsp;&nbsp;&nbsp; 201858 |
| 14330 | Ladder Capital Corporation | &nbsp;&nbsp;&nbsp; 166515 |
| 12684 | PennyMac Mortgage Investment Trust | &nbsp;&nbsp;&nbsp; 156140 |
| 28240 | Rithm Capital Corporation | &nbsp;&nbsp;&nbsp; 349611 |
| 17349 | Starwood Property Trust, Inc. | &nbsp;&nbsp;&nbsp; 351664 |
|  |  | &nbsp;&nbsp; 1765314 |
|  | **MULTI ASSET CLASS REIT - 0.3%** |  |
| 11346 | Alexander & Baldwin, Inc. | &nbsp;&nbsp;&nbsp; 219432 |
| 11766 | Broadstone Net Lease, Inc. | &nbsp;&nbsp;&nbsp; 218730 |
|  |  | &nbsp;&nbsp; 438162 |

---

---

| | | |
|:---|:---|:---|
| **LONGBOARD FUND** | **LONGBOARD FUND** | **LONGBOARD FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **August 31, 2025** | **August 31, 2025** | **August 31, 2025** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 84.3% (Continued)** |  |
|  | **OFFICE REIT - 0.2%** |  |
| 7561 | NET Lease Office Properties | &nbsp;&nbsp;&nbsp; $223957 |
|  | **OIL & GAS PRODUCERS - 1.3%** |  |
| 7924 | Antero Midstream Corporation | &nbsp;&nbsp;&nbsp; 140968 |
| 4061 | Antero Resources Corporation<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 129627 |
| 995 | Cheniere Energy, Inc. | &nbsp;&nbsp;&nbsp; 240610 |
| 3362 | Coterra Energy, Inc. | &nbsp;&nbsp;&nbsp; 82167 |
| 1610 | DT Midstream, Inc. | &nbsp;&nbsp;&nbsp; 167730 |
| 2877 | EQT Corporation | &nbsp;&nbsp;&nbsp; 149144 |
| 5240 | Excelerate Energy, Inc., Class A | &nbsp;&nbsp;&nbsp; 127961 |
| 1049 | Expand Energy Corporation | &nbsp;&nbsp;&nbsp; 101522 |
| 952 | Gulfport Energy Corporation<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 165677 |
| 5394 | Kinder Morgan, Inc. | &nbsp;&nbsp;&nbsp; 145530 |
| 1398 | Ovintiv, Inc. | &nbsp;&nbsp;&nbsp; 58884 |
| 4333 | Range Resources Corporation | &nbsp;&nbsp;&nbsp; 148492 |
| 2914 | Williams Companies, Inc. (The) | &nbsp;&nbsp;&nbsp; 168662 |
|  |  | &nbsp;&nbsp; 1826974 |
|  | **OIL & GAS SERVICES & EQUIPMENT - 0.3%** |  |
| 9438 | DNOW, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 151008 |
| 13764 | Newpark Resources, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 143146 |
| 5679 | TechnipFMC plc | &nbsp;&nbsp;&nbsp; 208760 |
|  |  | &nbsp;&nbsp; 502914 |
|  | **PUBLISHING & BROADCASTING - 1.0%** |  |
| 2867 | Liberty Media Corp-Liberty Formula One, Series A<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 258373 |
| 2302 | Liberty Media Corp-Liberty Formula One, Series C<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 229970 |
| 2577 | New York Times Company (The), Class A | &nbsp;&nbsp;&nbsp; 154208 |
| 7254 | News Corporation, Class A | &nbsp;&nbsp;&nbsp; 213340 |
| 6049 | News Corporation, Class B | &nbsp;&nbsp;&nbsp; 204880 |
| 720 | Nexstar Media Group, Inc. | &nbsp;&nbsp;&nbsp; 147262 |
| 7751 | TEGNA, Inc. | &nbsp;&nbsp;&nbsp; 164321 |
|  |  | &nbsp;&nbsp; 1372354 |
|  | **REAL ESTATE OWNERS & DEVELOPERS - 0.1%** |  |
| 1189 | McGrath RentCorporation | &nbsp;&nbsp;&nbsp; 144452 |

---

---

| | | |
|:---|:---|:---|
| **LONGBOARD FUND** | **LONGBOARD FUND** | **LONGBOARD FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **August 31, 2025** | **August 31, 2025** | **August 31, 2025** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 84.3% (Continued)** |  |
|  | **REAL ESTATE SERVICES - 0.4%** |  |
| 1415 | CBRE Group, Inc., Class A<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; $229399 |
| 508 | Jones Lang LaSalle, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 155230 |
| 9739 | Newmark Group, Inc., Class A | &nbsp;&nbsp;&nbsp; 177347 |
|  |  | &nbsp;&nbsp; 561976 |
|  | **RENEWABLE ENERGY - 0.1%** |  |
| 1827 | Cleanspark, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 17302 |
| 2816 | REX American Resources Corporation<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 176197 |
|  |  | &nbsp;&nbsp; 193499 |
|  | **RETAIL - CONSUMER STAPLES - 0.8%** |  |
| 1731 | BJ's Wholesale Club Holdings, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 169084 |
| 583 | Casey's General Stores, Inc. | &nbsp;&nbsp;&nbsp; 288306 |
| 2668 | Kroger Company (The) | &nbsp;&nbsp;&nbsp; 180997 |
| 1210 | Ollie's Bargain Outlet Holdings, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 153476 |
| 1617 | PriceSmart, Inc. | &nbsp;&nbsp;&nbsp; 173439 |
| 925 | Sprouts Farmers Market, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 130000 |
|  |  | &nbsp;&nbsp; 1095302 |
|  | **RETAIL - DISCRETIONARY - 2.3%** |  |
| 513 | Asbury Automotive Group, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 129040 |
| 793 | AutoNation, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 173730 |
| 3765 | Buckle, Inc. (The) | &nbsp;&nbsp;&nbsp; 213061 |
| 1413 | Build-A-Bear Workshop, Inc. | &nbsp;&nbsp;&nbsp; 85925 |
| 632 | Burlington Stores, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 183710 |
| 317 | Dillard's, Inc., Class A | &nbsp;&nbsp;&nbsp; 168923 |
| 1184 | Ferguson Enterprises, Inc. | &nbsp;&nbsp;&nbsp; 273683 |
| 467 | Group 1 Automotive, Inc. | &nbsp;&nbsp;&nbsp; 217052 |
| 2153 | O'Reilly Automotive, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 223223 |
| 891 | Penske Automotive Group, Inc. | &nbsp;&nbsp;&nbsp; 164309 |
| 3033 | Rush Enterprises, Inc., Class A | &nbsp;&nbsp;&nbsp; 174094 |
| 2611 | Rush Enterprises, Inc., Class B | &nbsp;&nbsp;&nbsp; 151542 |
| 2491 | Sonic Automotive, Inc., Class A | &nbsp;&nbsp;&nbsp; 204735 |
| 2359 | TJX Companies, Inc. (The) | &nbsp;&nbsp;&nbsp; 322264 |
| 2726 | Tractor Supply Company | &nbsp;&nbsp;&nbsp; 168358 |
| 2730 | Urban Outfitters, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 183128 |

---

---

| | | |
|:---|:---|:---|
| **LONGBOARD FUND** | **LONGBOARD FUND** | **LONGBOARD FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **August 31, 2025** | **August 31, 2025** | **August 31, 2025** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 84.3% (Continued)** |  |
|  | **RETAIL - DISCRETIONARY - 2.3% (Continued)** |  |
| 423 | Winmark Corporation | &nbsp;&nbsp;&nbsp; $196204 |
|  |  | &nbsp;&nbsp; 3232981 |
|  | **RETAIL REIT - 1.6%** |  |
| 2990 | Agree Realty Corporation | &nbsp;&nbsp;&nbsp; 217493 |
| 615 | Alexander's, Inc. | &nbsp;&nbsp;&nbsp; 141659 |
| 5742 | CBL & Associates Properties, Inc. | &nbsp;&nbsp;&nbsp; 182883 |
| 10758 | CTO Realty Growth, Inc. | &nbsp;&nbsp;&nbsp; 185898 |
| 6241 | Essential Properties Realty Trust, Inc. | &nbsp;&nbsp;&nbsp; 195468 |
| 7275 | Four Corners Property Trust, Inc. | &nbsp;&nbsp;&nbsp; 188350 |
| 5753 | Getty Realty Corporation | &nbsp;&nbsp;&nbsp; 164478 |
| 7572 | InvenTrust Properties Corporation | &nbsp;&nbsp;&nbsp; 225418 |
| 11827 | NETSTREIT Corporation | &nbsp;&nbsp;&nbsp; 216316 |
| 9055 | Phillips Edison & Company, Inc. | &nbsp;&nbsp;&nbsp; 318644 |
| 2803 | Regency Centers Corporation | &nbsp;&nbsp;&nbsp; 203218 |
|  |  | &nbsp;&nbsp; 2239825 |
|  | **SEMICONDUCTORS - 0.5%** |  |
| 881 | Analog Devices, Inc. | &nbsp;&nbsp;&nbsp; 221405 |
| 221 | KLA Corporation | &nbsp;&nbsp;&nbsp; 192712 |
| 6042 | Penguin Solutions, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 145793 |
| 1890 | Rambus, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 139425 |
|  |  | &nbsp;&nbsp; 699335 |
|  | **SOFTWARE - 2.8%** |  |
| 539 | Appfolio, Inc., Class A<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 149508 |
| 8522 | AvePoint, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 139420 |
| 4942 | Bentley Systems, Inc., Class B | &nbsp;&nbsp;&nbsp; 275022 |
| 8096 | Box, Inc., Class A<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 264172 |
| 661 | Cadence Design Systems, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 231634 |
| 833 | Cloudflare, Inc., Class A<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 173855 |
| 515 | CommVault Systems, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 96122 |
| 328 | Crowdstrike Holdings, Inc., Class A<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 138974 |
| 389 | Duolingo, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 115868 |
| 5861 | Gen Digital, Inc. | &nbsp;&nbsp;&nbsp; 177002 |
| 898 | Guidewire Software, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 194884 |
| 1929 | Life360, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 174468 |

---

---

| | | |
|:---|:---|:---|
| **LONGBOARD FUND** | **LONGBOARD FUND** | **LONGBOARD FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **August 31, 2025** | **August 31, 2025** | **August 31, 2025** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 84.3% (Continued)** |  |
|  | **SOFTWARE - 2.8% (Continued)** |  |
| 320 | MicroStrategy, Inc., Class A<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; $107011 |
| 2376 | Nutanix, Inc., Class A<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 159691 |
| 1151 | Okta, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 106778 |
| 903 | Palo Alto Networks, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 172040 |
| 2577 | Pegasystems, Inc. | &nbsp;&nbsp;&nbsp; 139699 |
| 949 | PTC, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 202612 |
| 554 | Roper Technologies, Inc. | &nbsp;&nbsp;&nbsp; 291575 |
| 2869 | SS&C Technologies Holdings, Inc. | &nbsp;&nbsp;&nbsp; 254366 |
| 268 | Tyler Technologies, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 150852 |
| 522 | Veeva Systems, Inc., Class A<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 140522 |
| 671 | Zscaler, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 185901 |
|  |  | &nbsp;&nbsp; 4041976 |
|  | **SPECIALTY FINANCE - 2.4%** |  |
| 3164 | Air Lease Corporation | &nbsp;&nbsp;&nbsp; 190504 |
| 858 | American Express Company | &nbsp;&nbsp;&nbsp; 284239 |
| 1009 | Capital One Financial Corporation | &nbsp;&nbsp;&nbsp; 229265 |
| 5877 | Enact Holdings, Inc. | &nbsp;&nbsp;&nbsp; 221269 |
| 2104 | Enova International, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 255216 |
| 1678 | FirstCash Holdings, Inc. | &nbsp;&nbsp;&nbsp; 247119 |
| 1369 | GATX Corporation | &nbsp;&nbsp;&nbsp; 230416 |
| 7856 | MGIC Investment Corporation | &nbsp;&nbsp;&nbsp; 218632 |
| 885 | Mr Cooper Group, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 166849 |
| 1292 | Nelnet, Inc., Class A | &nbsp;&nbsp;&nbsp; 166164 |
| 3948 | OneMain Holdings, Inc. | &nbsp;&nbsp;&nbsp; 244223 |
| 1719 | PennyMac Financial Services, Inc. | &nbsp;&nbsp;&nbsp; 189262 |
| 6325 | SLM Corporation | &nbsp;&nbsp;&nbsp; 197846 |
| 8043 | SoFi Technologies, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 205418 |
| 3251 | Synchrony Financial | &nbsp;&nbsp;&nbsp; 248182 |
| 984 | World Acceptance Corporation<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 168687 |
|  |  | &nbsp;&nbsp; 3463291 |
|  | **SPECIALTY REIT - 0.4%** |  |
| 3919 | EPR Properties | &nbsp;&nbsp;&nbsp; 212606 |
| 7508 | OUTFRONT Media Inc. | &nbsp;&nbsp;&nbsp; 140249 |

---

---

| | | |
|:---|:---|:---|
| **LONGBOARD FUND** | **LONGBOARD FUND** | **LONGBOARD FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **August 31, 2025** | **August 31, 2025** | **August 31, 2025** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 84.3% (Continued)** |  |
|  | **SPECIALTY REIT - 0.4% (Continued)** |  |
| 17143 | Postal Realty Trust, Inc., Class A | &nbsp;&nbsp;&nbsp; $271545 |
|  |  | &nbsp;&nbsp; 624400 |
|  | **STEEL - 0.5%** |  |
| 479 | Carpenter Technology Corporation | &nbsp;&nbsp;&nbsp; 115382 |
| 693 | Reliance, Inc. | &nbsp;&nbsp;&nbsp; 204891 |
| 1328 | Steel Dynamics, Inc. | &nbsp;&nbsp;&nbsp; 173862 |
| 2462 | Worthington Enterprises, Inc. | &nbsp;&nbsp;&nbsp; 162000 |
|  |  | &nbsp;&nbsp; 656135 |
|  | **TECHNOLOGY HARDWARE - 2.4%** |  |
| 9452 | Arlo Technologies, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 164559 |
| 4695 | Corning, Inc. | &nbsp;&nbsp;&nbsp; 314707 |
| 634 | Credo Technology Group Holding Ltd.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 78017 |
| 2755 | Diebold Nixdorf, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 168358 |
| 653 | F5, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 204480 |
| 463 | Fabrinet<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 153387 |
| 3774 | Flex Ltd.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 202362 |
| 526 | Garmin Ltd. | &nbsp;&nbsp;&nbsp; 127197 |
| 710 | InterDigital, Inc. | &nbsp;&nbsp;&nbsp; 192914 |
| 920 | Jabil, Inc. | &nbsp;&nbsp;&nbsp; 188444 |
| 9164 | Knowles Corporation<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 195651 |
| 4644 | NETGEAR, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 126177 |
| 11692 | Pitney Bowes, Inc. | &nbsp;&nbsp;&nbsp; 141707 |
| 2032 | Sanmina Corporation<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 238801 |
| 1652 | TD SYNNEX Corporation | &nbsp;&nbsp;&nbsp; 244612 |
| 3360 | TTM Technologies, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 149755 |
| 374 | Ubiquiti, Inc. | &nbsp;&nbsp;&nbsp; 197521 |
| 3185 | Western Digital Corporation | &nbsp;&nbsp;&nbsp; 255883 |
|  |  | &nbsp;&nbsp; 3344532 |
|  | **TECHNOLOGY SERVICES - 1.1%** |  |
| 589 | Automatic Data Processing, Inc. | &nbsp;&nbsp;&nbsp; 179085 |
| 1022 | Broadridge Financial Solutions, Inc. | &nbsp;&nbsp;&nbsp; 261244 |
| 10207 | CompoSecure, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 195158 |
| 2314 | CSG Systems International, Inc. | &nbsp;&nbsp;&nbsp; 148466 |
| 251 | MSCI, Inc. | &nbsp;&nbsp;&nbsp; 142498 |

---

---

| | | |
|:---|:---|:---|
| **LONGBOARD FUND** | **LONGBOARD FUND** | **LONGBOARD FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **August 31, 2025** | **August 31, 2025** | **August 31, 2025** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 84.3% (Continued)** |  |
|  | **TECHNOLOGY SERVICES - 1.1% (Continued)** |  |
| 1375 | Paychex, Inc. | &nbsp;&nbsp;&nbsp; $191751 |
| 469 | S&P Global, Inc. | &nbsp;&nbsp;&nbsp; 257218 |
| 790 | Verisk Analytics, Inc. | &nbsp;&nbsp;&nbsp; 211815 |
|  |  | &nbsp;&nbsp; 1587235 |
|  | **TELECOMMUNICATIONS - 0.7%** |  |
| 10254 | AT&T, Inc. | &nbsp;&nbsp;&nbsp; 300339 |
| 3182 | IDT Corporation, Class B | &nbsp;&nbsp;&nbsp; 203871 |
| 4332 | Millicom International Cellular S.A. | &nbsp;&nbsp;&nbsp; 209279 |
| 10350 | Spok Holdings, Inc. | &nbsp;&nbsp;&nbsp; 187956 |
| 3711 | Telephone and Data Systems, Inc. | &nbsp;&nbsp;&nbsp; 148774 |
|  |  | &nbsp;&nbsp; 1050219 |
|  | **TOBACCO & CANNABIS - 0.4%** |  |
| 4667 | Altria Group, Inc. | &nbsp;&nbsp;&nbsp; 313669 |
| 1247 | Turning Point Brands, Inc. | &nbsp;&nbsp;&nbsp; 124077 |
| 2938 | Universal Corporation | &nbsp;&nbsp;&nbsp; 164381 |
|  |  | &nbsp;&nbsp; 602127 |
|  | **TRANSPORTATION & LOGISTICS - 0.9%** |  |
| 1653 | CH Robinson Worldwide, Inc. | &nbsp;&nbsp;&nbsp; 212741 |
| 17226 | DHT Holdings, Inc. | &nbsp;&nbsp;&nbsp; 201889 |
| 3475 | Golar LNG Ltd. | &nbsp;&nbsp;&nbsp; 152275 |
| 973 | Norfolk Southern Corporation | &nbsp;&nbsp;&nbsp; 272420 |
| 1286 | Ryder System, Inc. | &nbsp;&nbsp;&nbsp; 241151 |
| 1715 | SkyWest, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 208201 |
|  |  | &nbsp;&nbsp; 1288677 |
|  | **TRANSPORTATION EQUIPMENT - 0.5%** |  |
| 554 | Cummins, Inc. | &nbsp;&nbsp;&nbsp; 220736 |
| 4649 | REV Group, Inc. | &nbsp;&nbsp;&nbsp; 247373 |
| 1539 | Westinghouse Air Brake Technologies Corporation | &nbsp;&nbsp;&nbsp; 297797 |
|  |  | &nbsp;&nbsp; 765906 |
|  | **WHOLESALE - CONSUMER STAPLES - 0.6%** |  |
| 2667 | Chefs' Warehouse, Inc. (The)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 168394 |
| 2049 | Performance Food Group Company<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 207769 |
| 3602 | Sysco Corporation | &nbsp;&nbsp;&nbsp; 289853 |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **LONGBOARD FUND** | **LONGBOARD FUND** | **LONGBOARD FUND** | **LONGBOARD FUND** | **LONGBOARD FUND** | **LONGBOARD FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **August 31, 2025** | **August 31, 2025** | **August 31, 2025** | **August 31, 2025** | **August 31, 2025** | **August 31, 2025** |
| **Shares** |  |  |  |  | **Fair Value** |
|  | **COMMON STOCKS — 84.3% (Continued)** | **COMMON STOCKS — 84.3% (Continued)** |  |  |  |
|  | **WHOLESALE - CONSUMER STAPLES - 0.6% (Continued)** | **WHOLESALE - CONSUMER STAPLES - 0.6% (Continued)** |  |  |  |
| 3225 | US Foods Holding Corporation<sup>(a)</sup> |  |  |  | &nbsp;&nbsp;&nbsp; $250260 |
|  |  |  |  |  | &nbsp;&nbsp; 916276 |
|  | **WHOLESALE - DISCRETIONARY - 0.2%** | **WHOLESALE - DISCRETIONARY - 0.2%** |  |  |  |
| 7037 | OPENLANE, Inc.<sup>(a)</sup> |  |  |  | &nbsp;&nbsp;&nbsp; 203510 |
| 2106 | PC Connection, Inc. |  |  |  | &nbsp;&nbsp;&nbsp; 135226 |
|  |  |  |  |  | &nbsp;&nbsp; 338736 |
|  | **TOTAL COMMON STOCKS (Cost $101,727,011)** | **TOTAL COMMON STOCKS (Cost $101,727,011)** |  |  | &nbsp;&nbsp; 119912746 |
|  | **PREFERRED STOCK** — **0.0%<sup>(c)</sup>** | **PREFERRED STOCK** — **0.0%<sup>(c)</sup>** |  |  |  |
|  | **REAL ESTATE OWNERS & DEVELOPERS** — **0.0%<sup>(c)</sup>** | **REAL ESTATE OWNERS & DEVELOPERS** — **0.0%<sup>(c)</sup>** |  |  |  |
| 313 | Brookfield Property Preferred, L.P. **(Cost $4,758)** | Brookfield Property Preferred, L.P. **(Cost $4,758)** |  |  | 4917 |
| **Principal Amount ($)** |  |  | **Yield Rate (%)** | **Maturity** | **Fair Value** |
|  | **U.S. GOVERNMENT & AGENCIES — 13.9%** | **U.S. GOVERNMENT & AGENCIES — 13.9%** |  |  |  |
|  | **U.S. TREASURY BILL** — **13.9%** | **U.S. TREASURY BILL** — **13.9%** |  |  |  |
| 20000000 | United States Treasury Bill<sup>(d)</sup> **(Cost $19,832,254)** | United States Treasury Bill<sup>(d)</sup> **(Cost $19,832,254)** | 4.0400 | 11/13/25 | 19837400 |
|  |  | **Expiration Date** | **Exercise Price** |  |  |
|  | **RIGHT — 0.0%<sup>(c)</sup>** | **RIGHT — 0.0%<sup>(c)</sup>** |  |  |  |
|  | **BIOTECH & PHARMA - 0.0% <sup>(c)</sup>** | **BIOTECH & PHARMA - 0.0% <sup>(c)</sup>** |  |  |  |
| 2093 | Novartis A.G. – CVR <sup>(a)(b)</sup> **(Cost $0)** | 12/31/2029 | $4 |  | &nbsp;&nbsp;&nbsp; – |
|  | **TOTAL INVESTMENTS - 98.2% (Cost $121,564,023)** | **TOTAL INVESTMENTS - 98.2% (Cost $121,564,023)** |  |  | &nbsp;&nbsp;&nbsp; $139755063 |
|  | **OTHER ASSETS IN EXCESS OF LIABILITIES - 1.8%** | **OTHER ASSETS IN EXCESS OF LIABILITIES - 1.8%** |  |  | &nbsp;&nbsp; 2492778 |
|  | **NET ASSETS - 100.0%** |  |  |  | &nbsp;&nbsp; $142247841 |

---

---

| | |
|:---|:---|
| A.G. | - Aktiengesellschaft |
| CVR | - Contingent Value Right |
| LLC | - Limited Liability Company |
| LP | - Limited Partnership |
| LTD | - Limited Company |
| MSCI | - Morgan Stanley Capital International |
| NV | - Naamioze Vennootschap |
| PLC | - Public Limited Company |
| REIT | - Real Estate Investment Trust |
| S/A | - Société Anonyme |
| <sup>(a)</sup> | Non-income producing security. |
| <sup>(b)</sup> | Illiquid security. The total fair value of these securities as of August 31, 2025 was $0, representing 0.0% of net assets. |
| <sup>(c)</sup> | Percentage rounds to less than 0.1%. |
| <sup>(d)</sup> | Zero coupon bond. |

---

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** NORTHERN LIGHTS FUND TRUST II

- **b. Investment Company Act file number:** 811-22549

- **c. CIK number of Registrant:** 0001518042

- **d. LEI of Registrant:** 549300TH7YXW5G2QY588

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

  - **Street Address 1:** 225 PICTORIA DRIVE

  - **City:** CINCINNATI

  - **State:** OH

  - **Foreign country:** US

  - **Zip / Postal Code:** 45246

  - **Telephone number:** 631-470-2600

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

- **a. Name of Series:** Longboard Fund

- **b. EDGAR series identifier (if any):** S000047502

- **c. LEI of Series:** 5493004Y3624YSJ2B135

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

- **a. Date of fiscal year-end:** 2026-05-31

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $142626619.17

**Total Liabilities:** $378778.21

**Net Assets:** $142247840.96

**Cash Not Reported:** $2583178.35

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000149143 | 1.32%                | -0.14%               | 3.16%                |
| Class ID C000149141 | 1.26%                | -0.14%               | 3.11%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $74497.23                | $1743058.24                                |
| Month 2  | $429998.50               | $-506409.07                                |
| Month 3  | $1031360.35              | $3159454.41                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| TowneBank (Portsmouth Virginia)               | TOWNE BANK                | CUSIP: 89214P109<br>LEI: 54930039UO39UJGI7078 | Long             | EC               | CORP              | US        |      4621 | NS      | $169544.49    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Lemaitre Vascular Inc.                        | LEMAITRE VASCULA          | CUSIP: 525558201<br>LEI: 549300FZUBUB7MHY8R17 | Long             | EC               | CORP              | US        |      1758 | NS      | $167651.67    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Fox Corporation                               | FOX CORP - B              | CUSIP: 35137L204<br>LEI: 549300DDU6FDRBIELS05 | Long             | EC               | CORP              | US        |      2988 | NS      | $162995.40    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Travel Plus Leisure Co                        | TRAVEL + LEISURE          | CUSIP: 894164102<br>LEI: T4VNTWMFQ7JQB65L7T35 | Long             | EC               | CORP              | US        |      4212 | NS      | $266240.52    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| SEI Investments Co                            | SEI INVESTMENTS           | CUSIP: 784117103<br>LEI: 5LJTIFADGZ6XH1RVOC11 | Long             | EC               | CORP              | US        |      3270 | NS      | $288675.60    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury Bills                  | B 11/13/25                | CUSIP: 912797QQ3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  20000000 | PA      | $19837400.00  | 13.95%            | 2025-11-13      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Sensient Technologies Corp                    | SENSIENT TECHNOL          | CUSIP: 81725T100<br>LEI: CMMZHMFZQG86EI7WZU92 | Long             | EC               | CORP              | US        |      2045 | NS      | $232025.70    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| DoorDash Inc                                  | DOORDASH INC-A            | CUSIP: 25809K105<br>LEI: 549300NUQ43FGGSK5051 | Long             | EC               | CORP              | US        |       902 | NS      | $221215.50    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Composecure Inc                               | COMPOSECURE IN-A          | CUSIP: 20459V105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     10207 | NS      | $195157.84    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Flutter Entertainment PLC                     | FLUTTER ENTER-DI          | CUSIP: G3643J108<br>LEI: 635400EG4YIJLJMZJ782 | Long             | EC               | CORP              | IE        |       654 | NS      | $200889.18    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| American Express Company                      | AMERICAN EXPRESS          | CUSIP: 025816109<br>LEI: R4PP93JZOLY261QX3811 | Long             | EC               | CORP              | US        |       858 | NS      | $284238.24    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Mueller Water Products, Inc.                  | MUELLER WATER-A           | CUSIP: 624758108<br>LEI: 549300F7ZU4P1F8V8L60 | Long             | EC               | CORP              | US        |      6680 | NS      | $176084.80    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| HCI Group, Inc.                               | HCI GROUP INC             | CUSIP: 40416E103<br>LEI: 549300CZF7EZJH0MPH74 | Long             | EC               | CORP              | US        |      1131 | NS      | $188549.01    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Coterra Energy Inc                            | COTERRA ENERGY I          | CUSIP: 127097103<br>LEI: FCNMH6O7VWU7LHXMK351 | Long             | EC               | CORP              | US        |      3362 | NS      | $82167.28     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Gallagher Aj &Co                              | ARTHUR J GALLAGH          | CUSIP: 363576109<br>LEI: 54930049QLLMPART6V29 | Long             | EC               | CORP              | US        |       439 | NS      | $132907.25    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Unifirst Corp                                 | UNIFIRST CORP/MA          | CUSIP: 904708104<br>LEI: 5493003XBTNWBC8UK019 | Long             | EC               | CORP              | US        |       851 | NS      | $151324.82    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs Group, Inc.                     | GOLDMAN SACHS GP          | CUSIP: 38141G104<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | EC               | CORP              | US        |       386 | NS      | $287666.50    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Crowdstrike Holdings Inc                      | CROWDSTRIKE HO-A          | CUSIP: 22788C105<br>LEI: 549300YBY08K9KM4HX32 | Long             | EC               | CORP              | US        |       328 | NS      | $138973.60    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| C.H. Robinson Worldwide Inc                   | CH ROBINSON               | CUSIP: 12541W209<br>LEI: 529900WNWN5L0OVDHA79 | Long             | EC               | CORP              | US        |      1653 | NS      | $212741.10    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Synchrony Financial                           | SYNCHRONY FINANC          | CUSIP: 87165B103<br>LEI: 549300RS7EWPM9MA6C78 | Long             | EC               | CORP              | US        |      3251 | NS      | $248181.34    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Medpace Holdings Inc.                         | MEDPACE HOLDINGS          | CUSIP: 58506Q109<br>LEI: 549300H8TYEUVTW14A54 | Long             | EC               | CORP              | US        |       301 | NS      | $143128.51    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| ACNB Corp.                                    | ACNB CORP                 | CUSIP: 000868109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3422 | NS      | $155085.04    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Guaranty Bancshares Inc. (Texas)              | GUARANTY BANCSHARES INC   | CUSIP: 400764106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3477 | NS      | $170859.78    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| TD Synnex Corp                                | TD SYNNEX CORP            | CUSIP: 87162W100<br>LEI: 5493004HI6PFLF46NS53 | Long             | EC               | CORP              | US        |      1652 | NS      | $244611.64    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Esquire Financial Holdings Inc                | ESQUIRE FINANCIA          | CUSIP: 29667J101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2458 | NS      | $241129.80    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| QIAGEN NV                                     | QIAGEN NV                 | CUSIP: N72482206<br>LEI: 54930036WK3GMCN17Z57 | Long             | EC               | CORP              | NL        |      5478 | NS      | $254727.00    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| WEC Energy Group Inc.                         | WEC ENERGY GROUP          | CUSIP: 92939U106<br>LEI: 549300IGLYTZUK3PVP70 | Long             | EC               | CORP              | US        |      2177 | NS      | $231872.27    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| GE Vernova Inc.                               | GE VERNOVA LLC            | CUSIP: 36828A101<br>LEI: 254900DP080RU6OK2553 | Long             | EC               | CORP              | US        |       264 | NS      | $161824.08    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| The Charles Schwab Corporation                | SCHWAB (CHARLES)          | CUSIP: 808513105<br>LEI: 549300VSGCJ7E698NM85 | Long             | EC               | CORP              | US        |      2167 | NS      | $207685.28    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| AAR Corp.                                     | AAR CORP                  | CUSIP: 000361105<br>LEI: MP76T5YQX3YK5VVAQ802 | Long             | EC               | CORP              | US        |      1684 | NS      | $127411.44    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Urban Outfitters Inc.                         | URBAN OUTFITTER           | CUSIP: 917047102<br>LEI: 549300N3DUFR5U6NRN38 | Long             | EC               | CORP              | US        |      2730 | NS      | $183128.40    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| AXIS Capital Holdings Limited                 | AXIS CAPITAL              | CUSIP: G0692U109<br>LEI: 635400VD2NQBYAHMEM55 | Long             | EC               | CORP              | BM        |      1685 | NS      | $166107.30    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Houlihan Lokey Inc.                           | HOULIHAN LOKEY I          | CUSIP: 441593100<br>LEI: 549300S3CNGTQ1QZVY46 | Long             | EC               | CORP              | US        |      1458 | NS      | $290506.50    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Paychex Inc                                   | PAYCHEX INC               | CUSIP: 704326107<br>LEI: 529900K900DW6SUBM174 | Long             | EC               | CORP              | US        |      1375 | NS      | $191750.63    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Cboe Global Markets Inc                       | CBOE GLOBAL MARK          | CUSIP: 12503M108<br>LEI: 529900RLNSGA90UPEH54 | Long             | EC               | CORP              | US        |      1022 | NS      | $241140.90    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Block(H&R)Inc                                 | H&R BLOCK INC             | CUSIP: 093671105<br>LEI: 549300CE3KUCWLZBG404 | Long             | EC               | CORP              | US        |      3047 | NS      | $153416.45    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Sonic Automotive, Inc.                        | SONIC AUTOMOTI-A          | CUSIP: 83545G102<br>LEI: 549300NTLRGJ2JCBZU03 | Long             | EC               | CORP              | US        |      2491 | NS      | $204735.29    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Exelixis, Inc.                                | EXELIXIS INC              | CUSIP: 30161Q104<br>LEI: 254900PJQB59O2O95R37 | Long             | EC               | CORP              | US        |      3450 | NS      | $129099.00    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Firstcash Holdings Inc                        | FIRSTCASH HOLDIN          | CUSIP: 33768G107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1678 | NS      | $247119.06    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Spok Hldgs Inc                                | SPOK HOLDINGS IN          | CUSIP: 84863T106<br>LEI: 549300HXXANIVN2ICC89 | Long             | EC               | CORP              | US        |     10350 | NS      | $187956.00    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Life Time Group Holdings Inc                  | LIFE TIME GROUP           | CUSIP: 53190C102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4699 | NS      | $131196.08    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| News Corporation                              | NEWS CORP-CL A            | CUSIP: 65249B109<br>LEI: 549300ITS31QK8VRBQ14 | Long             | EC               | CORP              | US        |      7254 | NS      | $213340.14    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| GATX Corporation                              | GATX CORP                 | CUSIP: 361448103<br>LEI: 549300IHYHCQP2PIR591 | Long             | EC               | CORP              | US        |      1369 | NS      | $230416.39    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Xylem, Inc.                                   | XYLEM INC                 | CUSIP: 98419M100<br>LEI: 549300DF5MV96DRYLQ48 | Long             | EC               | CORP              | US        |      1845 | NS      | $261178.20    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Vici Properties Inc                           | VICI PROPERTIES           | CUSIP: 925652109<br>LEI: 254900RKH6RY9KCJQH63 | Long             | EC               | CORP              | US        |      6080 | NS      | $205382.40    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Willis Towers Watson Public Limited Company   | WILLIS TOWERS WA          | CUSIP: G96629103<br>LEI: 549300WHC56FF48KL350 | Long             | EC               | CORP              | IE        |       782 | NS      | $255549.78    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| HealthStream Inc.                             | HEALTHSTREAM INC          | CUSIP: 42222N103<br>LEI: 529900OJ88H8635JNH64 | Long             | EC               | CORP              | US        |      6116 | NS      | $171737.28    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Acadian Asset Management Inc                  | ACADIAN ASSET MA          | CUSIP: 10948W103<br>LEI: 5493004FTLQNQTBOP608 | Long             | EC               | CORP              | US        |      3081 | NS      | $157038.57    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Entergy Corporation                           | ENTERGY CORP              | CUSIP: 29364G103<br>LEI: 4XM3TW50JULSLG8BNC79 | Long             | EC               | CORP              | US        |      3150 | NS      | $277483.50    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Encompass Health Corporation                  | ENCOMPASS HEALTH          | CUSIP: 29261A100<br>LEI: 549300FVRPM9DRQZRG64 | Long             | EC               | CORP              | US        |      2036 | NS      | $247903.36    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Atmos Energy Corp.                            | ATMOS ENERGY              | CUSIP: 049560105<br>LEI: QVLWEGTD2S8GJMO8D383 | Long             | EC               | CORP              | US        |      1678 | NS      | $278766.14    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Howmet Aerospace Inc                          | HOWMET AEROSPACE          | CUSIP: 443201108<br>LEI: 549300HO5WFZUT5N2T22 | Long             | EC               | CORP              | US        |      1405 | NS      | $244610.50    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Alkermes PLC                                  | ALKERMES PLC              | CUSIP: G01767105<br>LEI: N/A                  | Long             | EC               | CORP              | IE        |      4760 | NS      | $137897.20    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Insmed Inc                                    | INSMED INC                | CUSIP: 457669307<br>LEI: 529900Q55QAG41CCAC11 | Long             | EC               | CORP              | US        |       867 | NS      | $117998.70    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Knife River Corp.                             | KNIFE RIVER               | CUSIP: 498894104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2045 | NS      | $165645.00    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Proto Labs Inc                                | PROTO LABS INC            | CUSIP: 743713109<br>LEI: 529900QHG5MGWT2WQQ09 | Long             | EC               | CORP              | US        |      3462 | NS      | $172442.22    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Casella Waste Systems, Inc.                   | CASELLA WASTE             | CUSIP: 147448104<br>LEI: 8EU0XUFVJ48U37IIDH51 | Long             | EC               | CORP              | US        |      2086 | NS      | $205596.16    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Chefs Warehouse Inc.                          | CHEFS WAREHOUSE           | CUSIP: 163086101<br>LEI: 549300JYEDC8C547E980 | Long             | EC               | CORP              | US        |      2667 | NS      | $168394.38    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Laureate Education, Inc.                      | LAUREATE EDUCATI          | CUSIP: 518613203<br>LEI: 5JL7TMOH5TY3IUYSUP91 | Long             | EC               | CORP              | US        |      6474 | NS      | $177905.52    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Ellington Financial Inc                       | ELLINGTON FINANC          | CUSIP: 28852N109<br>LEI: 60GS1D1R1YY5G1W7IT74 | Long             | EC               | CORP              | US        |     14799 | NS      | $201858.36    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| DXP Enterprises Inc.                          | DXP ENTERPRISES           | CUSIP: 233377407<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1316 | NS      | $164342.08    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| US Foods Holding Corp                         | US FOODS HOLDING          | CUSIP: 912008109<br>LEI: 549300UGOZSO64CFPR97 | Long             | EC               | CORP              | US        |      3225 | NS      | $250260.00    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Aflac Incorporated                            | AFLAC INC                 | CUSIP: 001055102<br>LEI: 549300N0B7DOGLXWPP39 | Long             | EC               | CORP              | US        |      2302 | NS      | $245991.72    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Griffon Corp                                  | GRIFFON CORP              | CUSIP: 398433102<br>LEI: 5493000C2SGNC7ZN3242 | Long             | EC               | CORP              | US        |      1981 | NS      | $150872.96    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Republic Bancorp Inc. (Kentucky)              | REPUBLIC BNCRP-A          | CUSIP: 760281204<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1534 | NS      | $117719.16    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Comfort Systems USA Inc.                      | COMFORT SYSTEMS           | CUSIP: 199908104<br>LEI: 5299009DT1ZA5HTU6R38 | Long             | EC               | CORP              | US        |       312 | NS      | $219454.56    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Mercantile Bank Corp.                         | MERCANTILE BANK           | CUSIP: 587376104<br>LEI: P16VZZCKTJ5IONL6XE37 | Long             | EC               | CORP              | US        |      3188 | NS      | $157009.00    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| MGIC Investment Corp.                         | MGIC INVT CORP            | CUSIP: 552848103<br>LEI: 254900S8483WM4M98R28 | Long             | EC               | CORP              | US        |      7856 | NS      | $218632.48    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Catalyst Pharmaceuticals Inc.                 | CATALYST PHARMAC          | CUSIP: 14888U101<br>LEI: 5299004O0R5XXLA5H544 | Long             | EC               | CORP              | US        |      3660 | NS      | $75359.40     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Trane Technologies PLC                        | TRANE TECHNOLOGI          | CUSIP: G8994E103<br>LEI: 549300BURLR9SLYY2705 | Long             | EC               | CORP              | IE        |       461 | NS      | $191591.60    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Gilead Sciences Inc.                          | GILEAD SCIENCES           | CUSIP: 375558103<br>LEI: 549300WTZWR07K8MNV44 | Long             | EC               | CORP              | US        |      2205 | NS      | $249098.85    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Rambus Inc.                                   | RAMBUS INC                | CUSIP: 750917106<br>LEI: 2549000211GDCQSLV833 | Long             | EC               | CORP              | US        |      1890 | NS      | $139425.30    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Radian Group Inc.                             | RADIAN GROUP INC          | CUSIP: 750236101<br>LEI: 54930005OUP720S5U385 | Long             | EC               | CORP              | US        |      5168 | NS      | $180259.84    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| First Merchants Corporation                   | FIRST MERCHANTS           | CUSIP: 320817109<br>LEI: TZTBT0OTGQ2FEK6XMX94 | Long             | EC               | CORP              | US        |      4265 | NS      | $177082.80    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Jones Lang LaSalle Incorporated               | JONES LANG LASAL          | CUSIP: 48020Q107<br>LEI: 6SYKCME112RT8TQUO411 | Long             | EC               | CORP              | US        |       508 | NS      | $155229.56    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Balchem Corp                                  | BALCHEM CORP              | CUSIP: 057665200<br>LEI: 549300VR70OPMHUI3557 | Long             | EC               | CORP              | US        |       923 | NS      | $149609.07    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Ensign Group Inc                              | ENSIGN GROUP INC          | CUSIP: 29358P101<br>LEI: 5493003K4HEEA8Q0BC72 | Long             | EC               | CORP              | US        |      1188 | NS      | $204074.64    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Badger Meter Inc                              | BADGER METER INC          | CUSIP: 056525108<br>LEI: 5493002JENE20OGTUG20 | Long             | EC               | CORP              | US        |       686 | NS      | $125483.12    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Postal Realty Trust Inc                       | POSTAL REALTY-A           | CUSIP: 73757R102<br>LEI: 5493007B7ZZSIJRGWC41 | Long             | EC               | CORP              | US        |     17143 | NS      | $271545.12    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Okta Inc.                                     | OKTA INC                  | CUSIP: 679295105<br>LEI: 549300N8J06I8MRHU620 | Long             | EC               | CORP              | US        |      1151 | NS      | $106778.27    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Bentley Systems Incorporated                  | BENTLEY SYSTEM-B          | CUSIP: 08265T208<br>LEI: 549300WVEHPGE0Z56F71 | Long             | EC               | CORP              | US        |      4942 | NS      | $275022.30    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Gorman-Rupp Co                                | GORMAN-RUPP CO            | CUSIP: 383082104<br>LEI: 254900WVLPOIWPGJPA07 | Long             | EC               | CORP              | US        |      4617 | NS      | $197469.09    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| SPX Technologies, Inc.                        | SPX TECHNOLOGIES          | CUSIP: 78473E103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1073 | NS      | $200769.03    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| RBC Bearings Inc                              | RBC BEARINGS INC          | CUSIP: 75524B104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       661 | NS      | $257763.56    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| NBT Bancorp Inc                               | NBT BANCORP INC           | CUSIP: 628778102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2964 | NS      | $131216.28    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Hanmi Financial Corp.                         | HANMI FINL CORP           | CUSIP: 410495204<br>LEI: 549300MSZ7RCG7EA6587 | Long             | EC               | CORP              | US        |      6799 | NS      | $171062.84    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| AeroVironment, Inc.                           | AEROVIRONMENT IN          | CUSIP: 008073108<br>LEI: 529900PGHVI29YLZ6221 | Long             | EC               | CORP              | US        |       574 | NS      | $138534.90    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| PennyMac Mortgage Investment Trust            | PENNYMAC MORTGAG          | CUSIP: 70931T103<br>LEI: 549300BSSOQO1ZWDUJ97 | Long             | EC               | CORP              | US        |     12684 | NS      | $156140.04    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| NorthWestern Energy Group Inc                 | NORTHWESTERN ENE          | CUSIP: 668074305<br>LEI: 254900N1WG46G1VMDM34 | Long             | EC               | CORP              | US        |      3833 | NS      | $220435.83    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Build A Bear Workshop Inc                     | BUILD-A-BEAR WOR          | CUSIP: 120076104<br>LEI: 529900S9MWZC1UBF3D13 | Long             | EC               | CORP              | US        |      1413 | NS      | $85924.53     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Idacorp Inc                                   | IDACORP INC               | CUSIP: 451107106<br>LEI: N134NUJDWN8UEFA8B673 | Long             | EC               | CORP              | US        |      1949 | NS      | $243819.90    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Alamo Group Inc                               | ALAMO GROUP               | CUSIP: 011311107<br>LEI: 54930080C93RVZRSDV26 | Long             | EC               | CORP              | US        |      1147 | NS      | $242544.62    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Atlanta Braves Holdings Inc                   | ATLANTA BRAVES H          | CUSIP: 047726302<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      6744 | NS      | $303345.12    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Alliant Energy Corporation                    | ALLIANT ENERGY            | CUSIP: 018802108<br>LEI: 5493009ML300G373MZ12 | Long             | EC               | CORP              | US        |      3522 | NS      | $229176.54    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| NOVARTIS AG-CVR                               | NOVARTIS AG-CVR           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               |  | CH        |      2093 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Standex International Corp                    | STANDEX INTL CO           | CUSIP: 854231107<br>LEI: RCX52GR0JW2LRRMH9Z54 | Long             | EC               | CORP              | US        |       734 | NS      | $149787.38    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| O'Reilly Automotive Inc.                      | O'REILLY AUTOMOT          | CUSIP: 67103H107<br>LEI: 549300K2RLMQL149Q332 | Long             | EC               | CORP              | US        |      2153 | NS      | $223223.04    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Viking Holdings Ltd.                          | VIKING HOLDINGS           | CUSIP: G93A5A101<br>LEI: N/A                  | Long             | EC               | CORP              | BM        |      3163 | NS      | $201230.06    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Ferguson Enterprises Inc                      | FERGUSON ENTERPR          | CUSIP: 31488V107<br>LEI: 2138003JYQMRP3SLX189 | Long             | EC               | CORP              | US        |      1184 | NS      | $273681.60    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Banco Latinoamericano De Comercio Exterior SA | BANCO LATINOAM-E          | CUSIP: P16994132<br>LEI: 549300CN3134K4LC0651 | Long             | EC               | CORP              | PA        |      5665 | NS      | $261326.45    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Atlanta Braves Holdings Inc                   | ATLANTA BRAVES H          | CUSIP: 047726104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5012 | NS      | $238095.06    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| AppFolio Inc.                                 | APPFOLIO INC - A          | CUSIP: 03783C100<br>LEI: 529900OOUUGT6JFC0S15 | Long             | EC               | CORP              | US        |       539 | NS      | $149507.82    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Community Trust Bancorp Inc                   | COMMUNI TRUST BA          | CUSIP: 204149108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3341 | NS      | $195181.22    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Credo Technology Group Holding Ltd            | CREDO TECHNOLOGY          | CUSIP: G25457105<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |       634 | NS      | $78016.87     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Brookfield Business Corp.                     | BROOKFIELD- CL A          | CUSIP: 11259V106<br>LEI: 2549005XWAHF5YCLN502 | Long             | EC               | CORP              | CA        |      4987 | NS      | $164571.00    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Trimble Inc                                   | TRIMBLE INC               | CUSIP: 896239100<br>LEI: 549300E2MI7NSZFQWS19 | Long             | EC               | CORP              | US        |      3556 | NS      | $287395.92    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Old Second Bancorp Inc.                       | OLD SECOND BNCRP          | CUSIP: 680277100<br>LEI: 549300XVJC1MPUT81C04 | Long             | EC               | CORP              | US        |      9298 | NS      | $171641.08    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| The Hanover Insurance Group, Inc.             | HANOVER INSURANC          | CUSIP: 410867105<br>LEI: JJYR6MFKFF6CF8DBZ078 | Long             | EC               | CORP              | US        |      1074 | NS      | $186317.52    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Deere & Company                               | DEERE & CO                | CUSIP: 244199105<br>LEI: PWFTNG3EI0Y73OXWDH08 | Long             | EC               | CORP              | US        |       348 | NS      | $166566.72    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                | MORGAN STANLEY            | CUSIP: 617446448<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EC               | CORP              | US        |      1796 | NS      | $270262.08    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| L3 Harris Technologies Inc                    | L3HARRIS TECHNOL          | CUSIP: 502431109<br>LEI: 549300UTE50ZMDBG8A20 | Long             | EC               | CORP              | US        |       939 | NS      | $260685.18    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Park Aerospace Corporation                    | PARK AEROSPACE C          | CUSIP: 70014A104<br>LEI: 5299004AG0G7IB636095 | Long             | EC               | CORP              | US        |      8221 | NS      | $154061.54    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Third Coast Bancshares Inc.                   | THIRD COAST BANC          | CUSIP: 88422P109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4164 | NS      | $165852.12    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| American Electric Power Co, Inc.              | AMERICAN ELECTRI          | CUSIP: 025537101<br>LEI: 1B4S6S7G0TW5EE83BO58 | Long             | EC               | CORP              | US        |      1862 | NS      | $206719.24    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Barrett Business Services Inc.                | BARRETT BUS SVCS          | CUSIP: 068463108<br>LEI: 529900HXB6TMG0SR9Y34 | Long             | EC               | CORP              | US        |      4984 | NS      | $243219.20    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Leonardo DRS Inc                              | LEONARDO DRS INC          | CUSIP: 52661A108<br>LEI: 549300HMMEWVG3PPQU18 | Long             | EC               | CORP              | US        |      3171 | NS      | $132103.86    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Regions Financial Corporation                 | REGIONS FINANCIA          | CUSIP: 7591EP100<br>LEI: CW05CS5KW59QTC0DG824 | Long             | EC               | CORP              | US        |      7094 | NS      | $194304.66    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Red Rock Resorts Inc                          | RED ROCK RESOR-A          | CUSIP: 75700L108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2818 | NS      | $174349.66    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| General Dynamics Corporation                  | GENERAL DYNAMICS          | CUSIP: 369550108<br>LEI: 9C1X8XOOTYY2FNYTVH06 | Long             | EC               | CORP              | US        |       799 | NS      | $259331.43    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Somnigroup International Inc.                 | SOMNIGROUP INTER          | CUSIP: 88023U101<br>LEI: 549300HFEKVR3US71V91 | Long             | EC               | CORP              | US        |      2494 | NS      | $209371.30    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Allient Inc                                   | ALLIENT INC               | CUSIP: 019330109<br>LEI: 549300I2LHAWYGNBPM97 | Long             | EC               | CORP              | US        |      3602 | NS      | $163458.76    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| WSFS Financial Corporation                    | WSFS FINANCIAL            | CUSIP: 929328102<br>LEI: 549300SU7VQHD6QRG886 | Long             | EC               | CORP              | US        |      2840 | NS      | $165543.60    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Cheniere Energy Inc                           | CHENIERE ENERGY           | CUSIP: 16411R208<br>LEI: MIHC87W9WTYSYZWV1J40 | Long             | EC               | CORP              | US        |       995 | NS      | $240610.90    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Group 1 Automotive, Inc.                      | GROUP 1 AUTOMOTI          | CUSIP: 398905109<br>LEI: 549300US8QAZJLWYAF63 | Long             | EC               | CORP              | US        |       467 | NS      | $217052.26    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| CRH PLC                                       | CRH PLC                   | CUSIP: G25508105<br>LEI: 549300MIDJNNTH068E74 | Long             | EC               | CORP              | IE        |      1649 | NS      | $186254.55    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Post Holdings Inc.                            | POST HOLDINGS IN          | CUSIP: 737446104<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | EC               | CORP              | US        |      2031 | NS      | $229807.65    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Boyd Gaming Corporation                       | BOYD GAMING CORP          | CUSIP: 103304101<br>LEI: 254900787YGRYS2A1Z35 | Long             | EC               | CORP              | US        |      3358 | NS      | $288317.88    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| State Street Corp.                            | STATE ST CORP             | CUSIP: 857477103<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | EC               | CORP              | US        |      2594 | NS      | $298232.18    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Evergy Inc                                    | EVERGY INC                | CUSIP: 30034W106<br>LEI: 549300PGTHDQY6PSUI61 | Long             | EC               | CORP              | US        |      3396 | NS      | $241998.96    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| TFS Financial Corp                            | TFS FINANCIAL CO          | CUSIP: 87240R107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     17384 | NS      | $244419.04    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Johnson Controls International PLC            | JOHNSON CONTROLS          | CUSIP: G51502105<br>LEI: 549300XQ6S1GYKGBL205 | Long             | EC               | CORP              | IE        |      2081 | NS      | $222438.09    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Armstrong World Industries, Inc.              | ARMSTRONG WORLD           | CUSIP: 04247X102<br>LEI: KXMRXXOJ88Q45Y45MG74 | Long             | EC               | CORP              | US        |      1603 | NS      | $313819.31    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Ollies Bargain Outlet Holdings Inc.           | OLLIE'S BARGAIN           | CUSIP: 681116109<br>LEI: 529900YO5DSQCPEFDZ05 | Long             | EC               | CORP              | US        |      1210 | NS      | $153476.40    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Box Inc.                                      | BOX INC- CLASS A          | CUSIP: 10316T104<br>LEI: 549300KQUCPD8687YS68 | Long             | EC               | CORP              | US        |      8096 | NS      | $264172.48    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| S&P Global Inc                                | S&P GLOBAL INC            | CUSIP: 78409V104<br>LEI: Y6X4K52KMJMZE7I7MY94 | Long             | EC               | CORP              | US        |       469 | NS      | $257218.36    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Inventrust Properties Corporation             | INVENTRUST PROPE          | CUSIP: 46124J201<br>LEI: 5493006BQYSOBYVUFA03 | Long             | EC               | CORP              | US        |      7572 | NS      | $225418.44    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Altria Group, Inc.                            | ALTRIA GROUP INC          | CUSIP: 02209S103<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | EC               | CORP              | US        |      4667 | NS      | $313669.07    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| AECOM                                         | AECOM                     | CUSIP: 00766T100<br>LEI: 0EEB8GF0W0NPCIHZX097 | Long             | EC               | CORP              | US        |      1836 | NS      | $229298.04    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Universal Insurance Holdings Inc              | UNIVERSAL INSURA          | CUSIP: 91359V107<br>LEI: 529900GGAZ6WVUCWQM46 | Long             | EC               | CORP              | US        |      5944 | NS      | $144974.16    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Annaly Capital Management, Inc.               | ANNALY CAPITAL M          | CUSIP: 035710839<br>LEI: 2DTL0G3FPRYUT58TI025 | Long             | EC               | CORP              | US        |     14503 | NS      | $307318.57    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Corteva Inc                                   | CORTEVA INC               | CUSIP: 22052L104<br>LEI: 549300WZN9I2QKLS0O94 | Long             | EC               | CORP              | US        |      2562 | NS      | $190074.78    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| CNO Financial Group, Inc.                     | CNO FINANCIAL GR          | CUSIP: 12621E103<br>LEI: 11XPYHB76MPM4Y4P2897 | Long             | EC               | CORP              | US        |      3303 | NS      | $130369.41    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Range Resources Corp.                         | RANGE RESOURCES           | CUSIP: 75281A109<br>LEI: H3Y3WLYCX0BTO1TRW162 | Long             | EC               | CORP              | US        |      4333 | NS      | $148491.91    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Transdigm Group Inc.                          | TRANSDIGM GROUP           | CUSIP: 893641100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       152 | NS      | $212629.76    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Tapestry Inc                                  | TAPESTRY INC              | CUSIP: 876030107<br>LEI: 549300LJNVY5SW3VTN33 | Long             | EC               | CORP              | US        |      2013 | NS      | $204963.66    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Honeywell International Inc.                  | HONEYWELL INTL            | CUSIP: 438516106<br>LEI: ISRPG12PN4EIEOEMW547 | Long             | EC               | CORP              | US        |      1279 | NS      | $280740.50    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Liberty Media Corp Del                        | LIBERTY MEDIA CO          | CUSIP: 531229755<br>LEI: 549300ZKUTPIBZLWLL89 | Long             | EC               | CORP              | US        |      2302 | NS      | $229969.80    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Phinia Inc.                                   | PHINIA INC                | CUSIP: 71880K101<br>LEI: 254900HG6MORZE1FFM18 | Long             | EC               | CORP              | US        |      2865 | NS      | $167545.20    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| PTC Inc                                       | PTC INC                   | CUSIP: 69370C100<br>LEI: 54930050SSMU8SKDJ030 | Long             | EC               | CORP              | US        |       949 | NS      | $202611.50    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Norfolk Southern Corporation                  | NORFOLK SOUTHERN          | CUSIP: 655844108<br>LEI: 54930036C8MWP850MI84 | Long             | EC               | CORP              | US        |       973 | NS      | $272420.54    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| SLM Corp.                                     | SLM CORP                  | CUSIP: 78442P106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      6325 | NS      | $197846.00    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Hilltop Holdings Inc                          | HILLTOP HOLDINGS          | CUSIP: 432748101<br>LEI: 54930010TA543US0PM65 | Long             | EC               | CORP              | US        |      5786 | NS      | $202972.88    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| CMS Energy Corporation                        | CMS ENERGY CORP           | CUSIP: 125896100<br>LEI: 549300IA9XFBAGNIBW29 | Long             | EC               | CORP              | US        |      2982 | NS      | $213421.74    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Verisk Analytics, Inc.                        | VERISK ANALYTI            | CUSIP: 92345Y106<br>LEI: 549300I1YSWNIRKBWP67 | Long             | EC               | CORP              | US        |       790 | NS      | $211814.80    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Southwest Gas Holdings Inc                    | SOUTHWEST GAS HO          | CUSIP: 844895102<br>LEI: 254900LKF9EV0CUKNE09 | Long             | EC               | CORP              | US        |      3071 | NS      | $245311.48    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Bridgebio Pharma Inc                          | BRIDGEBIO PHARMA          | CUSIP: 10806X102<br>LEI: 54930028YG89VTY2J114 | Long             | EC               | CORP              | US        |      3585 | NS      | $185559.60    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Hancock Whitney Corporation                   | HANCOCK WHITNEY           | CUSIP: 410120109<br>LEI: 549300GRNBWY8HIICT41 | Long             | EC               | CORP              | US        |      2830 | NS      | $178063.60    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Kinder Morgan, Inc.                           | KINDER MORGAN IN          | CUSIP: 49456B101<br>LEI: 549300WR7IX8XE0TBO16 | Long             | EC               | CORP              | US        |      5394 | NS      | $145530.12    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Southern Co.                                  | SOUTHERN CO               | CUSIP: 842587107<br>LEI: 549300FC3G3YU2FBZD92 | Long             | EC               | CORP              | US        |      2573 | NS      | $237487.90    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Renasant Corp.                                | RENASANT CORP             | CUSIP: 75970E107<br>LEI: 549300OVE6OZHW2UUH81 | Long             | EC               | CORP              | US        |      5846 | NS      | $228753.98    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Victory Capital Holdings, Inc.                | VICTORY CAPITA-A          | CUSIP: 92645B103<br>LEI: 549300BN5LH2CIPPHS71 | Long             | EC               | CORP              | US        |      3507 | NS      | $249978.96    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Smithfield Foods Inc                          | SMITHFIELD FOODS          | CUSIP: 832248207<br>LEI: CVTIPZRZJC0JQEZLL598 | Long             | EC               | CORP              | US        |      7752 | NS      | $197133.36    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Nextracker Inc.                               | NEXTRACKER-CL A           | CUSIP: 65290E101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2231 | NS      | $150057.06    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Oshkosh Corporation                           | OSHKOSH CORP              | CUSIP: 688239201<br>LEI: 549300FEKNPCFSA2B506 | Long             | EC               | CORP              | US        |      1807 | NS      | $251841.59    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| OneSpaWorld Holdings Ltd.                     | ONESPAWORLD HOLD          | CUSIP: P73684113<br>LEI: 5493007W8PZ8W6UC2X76 | Long             | EC               | CORP              | BS        |      6464 | NS      | $145892.48    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| The Bank of N.T. Butterfield & Son Limited    | BANK NT BUTTERFI          | CUSIP: G0772R208<br>LEI: 549300V8RVM0EMTDPF28 | Long             | EC               | CORP              | BM        |      4742 | NS      | $213959.04    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Garrett Motion Inc                            | GARRETT MOTION INC        | CUSIP: 366505105<br>LEI: 549300LS5WT7EMBNV724 | Long             | EC               | CORP              | US        |     11632 | NS      | $151099.68    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| LSI Industries Inc.                           | LSI INDUSTRIES            | CUSIP: 50216C108<br>LEI: 529900HY42OANH6BVT33 | Long             | EC               | CORP              | US        |      6666 | NS      | $152851.38    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Chesapeake Utilities Corporation              | CHESAPEAKE UTIL           | CUSIP: 165303108<br>LEI: 254900WW0FDCKAOCKE74 | Long             | EC               | CORP              | US        |      1543 | NS      | $190683.94    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Tiptree Inc.                                  | TIPTREE INC               | CUSIP: 88822Q103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      6926 | NS      | $162414.70    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| MSCI Inc.                                     | MSCI INC                  | CUSIP: 55354G100<br>LEI: 549300HTIN2PD78UB763 | Long             | EC               | CORP              | US        |       251 | NS      | $142497.72    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Agree Realty Corp                             | AGREE REALTY              | CUSIP: 008492100<br>LEI: 98450090H010B37OEB68 | Long             | EC               | CORP              | US        |      2990 | NS      | $217492.60    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Capital One Financial Corp.                   | CAPITAL ONE FINA          | CUSIP: 14040H105<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | EC               | CORP              | US        |      1009 | NS      | $229264.98    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Heidrick & Struggles International Inc        | HEIDRICK & STRUG          | CUSIP: 422819102<br>LEI: 5493006284N2J367VB57 | Long             | EC               | CORP              | US        |      3129 | NS      | $158984.49    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Netgear Inc                                   | NETGEAR INC               | CUSIP: 64111Q104<br>LEI: 54930067KX3UNRHDWA78 | Long             | EC               | CORP              | US        |      4644 | NS      | $126177.48    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Valmont Industries, Inc.                      | VALMONT INDS              | CUSIP: 920253101<br>LEI: 5493009ZGZJJ8F77JN08 | Long             | EC               | CORP              | US        |       501 | NS      | $183927.12    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| OneMain Holdings Inc.                         | ONEMAIN HOLDINGS          | CUSIP: 68268W103<br>LEI: 549300E3VEW8SMS5XW09 | Long             | EC               | CORP              | US        |      3948 | NS      | $244223.28    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Enpro Inc                                     | ENPRO INC                 | CUSIP: 29355X107<br>LEI: 549300Y5CFT2LKCFDN54 | Long             | EC               | CORP              | US        |       941 | NS      | $205862.57    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Newmont Corporation                           | NEWMONT CORP              | CUSIP: 651639106<br>LEI: 549300VSP3RIX7FGDZ51 | Long             | EC               | CORP              | US        |      3368 | NS      | $250579.20    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Pentair PLC                                   | PENTAIR PLC               | CUSIP: G7S00T104<br>LEI: 549300EVR9D56WPSRP15 | Long             | EC               | CORP              | IE        |      1836 | NS      | $197425.08    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| PPL Corporation                               | PPL CORP                  | CUSIP: 69351T106<br>LEI: 9N3UAJSNOUXFKQLF3V18 | Long             | EC               | CORP              | US        |      7247 | NS      | $264298.09    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Enova International Inc.                      | ENOVA INTERNATIO          | CUSIP: 29357K103<br>LEI: 549300O8XOCQSB49UO63 | Long             | EC               | CORP              | US        |      2104 | NS      | $255215.20    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Telephone and Data Systems Inc.               | TELEPHONE & DATA          | CUSIP: 879433829<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3711 | NS      | $148773.99    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Wabtec Corp                                   | WABTEC CORP               | CUSIP: 929740108<br>LEI: 06BTX5UWZD0GQ5N5Y745 | Long             | EC               | CORP              | US        |      1539 | NS      | $297796.50    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Watts Water Technologies Inc.                 | WATTS WATER TE-A          | CUSIP: 942749102<br>LEI: 549300REJOO94ERQN318 | Long             | EC               | CORP              | US        |       736 | NS      | $203798.40    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Mirum Pharmaceuticals Inc.                    | MIRUM PHARMACEUT          | CUSIP: 604749101<br>LEI: 254900YZKR40F7F27K81 | Long             | EC               | CORP              | US        |      2920 | NS      | $215700.40    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Roblox Corporation                            | ROBLOX CORP - A           | CUSIP: 771049103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1184 | NS      | $147514.56    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Pinnacle West Capital Corp.                   | PINNACLE WEST             | CUSIP: 723484101<br>LEI: TWSEY0NEDUDCKS27AH81 | Long             | EC               | CORP              | US        |      2387 | NS      | $213302.32    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Newmark Group Inc                             | NEWMARK GROUP-A           | CUSIP: 65158N102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      9739 | NS      | $177347.19    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Vistra Corp                                   | VISTRA CORP               | CUSIP: 92840M102<br>LEI: 549300KP43CPCUJOOG15 | Long             | EC               | CORP              | US        |       623 | NS      | $117815.53    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Natera Inc.                                   | NATERA INC                | CUSIP: 632307104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       905 | NS      | $152266.25    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Perimeter Solutions Inc.                      | PERIMETER SOLUTI          | CUSIP: 71385M107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     10319 | NS      | $231042.41    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Park National Corp                            | PARK NATL CORP            | CUSIP: 700658107<br>LEI: 5493001T01TDELV5OO63 | Long             | EC               | CORP              | US        |      1139 | NS      | $195646.03    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Truist Financial Corp.                        | TRUIST FINANCIAL          | CUSIP: 89832Q109<br>LEI: 549300DRQQI75D2JP341 | Long             | EC               | CORP              | US        |      4183 | NS      | $195848.06    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Pegasystems Inc                               | PEGASYSTEMS INC           | CUSIP: 705573103<br>LEI: 549300FMCOKPL06FYN26 | Long             | EC               | CORP              | US        |      2577 | NS      | $139699.17    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Electronic Arts Inc.                          | ELECTRONIC ARTS           | CUSIP: 285512109<br>LEI: 549300O7A67PUEYKDL45 | Long             | EC               | CORP              | US        |       993 | NS      | $170746.35    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Preferred Bank                                | PREFERRED BANK            | CUSIP: 740367404<br>LEI: 5493007K6HGI9G0ECX16 | Long             | EC               | CORP              | US        |      1606 | NS      | $151606.40    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| ITT Inc                                       | ITT INC                   | CUSIP: 45073V108<br>LEI: 549300KDSERHTJOXUS80 | Long             | EC               | CORP              | US        |      1801 | NS      | $306620.25    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Corecivic Inc                                 | CORECIVIC INC             | CUSIP: 21871N101<br>LEI: 529900JFA3K6PTLT8B15 | Long             | EC               | CORP              | US        |      6722 | NS      | $136322.16    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Gates Industrial Corp PLC                     | GATES INDUSTRIAL CORP PLC | CUSIP: G39108108<br>LEI: 549300S6K4FWUSB9KM27 | Long             | EC               | CORP              | GB        |      8918 | NS      | $227944.08    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Ameris Bancorp                                | AMERIS BANCORP            | CUSIP: 03076K108<br>LEI: PBJHNT51T5V6G5UQFV42 | Long             | EC               | CORP              | US        |      2544 | NS      | $186424.32    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| API Group Corp                                | API GROUP CORP            | CUSIP: 00187Y100<br>LEI: 213800NZT1VX6PZ7BT53 | Long             | EC               | CORP              | US        |      6760 | NS      | $241196.80    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Phibro Animal Health Corporation              | PHIBRO ANIMAL-A           | CUSIP: 71742Q106<br>LEI: 549300U24SP4AF2JUX52 | Long             | EC               | CORP              | US        |      2112 | NS      | $78291.84     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Wynn Resorts Limited                          | WYNN RESORTS LTD          | CUSIP: 983134107<br>LEI: 254900CEKKWIHTEAB172 | Long             | EC               | CORP              | US        |      1422 | NS      | $180238.50    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Fresh Del Monte Produce Inc.                  | FRESH DEL MONTE           | CUSIP: G36738105<br>LEI: 529900I72V9F0FEZR228 | Long             | EC               | CORP              | KY        |      4519 | NS      | $163949.32    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Woodward Inc.                                 | WOODWARD INC              | CUSIP: 980745103<br>LEI: YPYKXXTR8TFDH54ZMB45 | Long             | EC               | CORP              | US        |       830 | NS      | $204860.60    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Heico Corp                                    | HEICO CORP-A              | CUSIP: 422806208<br>LEI: 529900O1DTDLCJ7L0I14 | Long             | EC               | CORP              | US        |       991 | NS      | $242804.91    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Jabil Inc                                     | JABIL INC                 | CUSIP: 466313103<br>LEI: 5493000CGCQY2OQU7669 | Long             | EC               | CORP              | US        |       920 | NS      | $188443.60    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| GEO Group Inc                                 | GEO GROUP INC/TH          | CUSIP: 36162J106<br>LEI: 54930024XOXET7NQVZ63 | Long             | EC               | CORP              | US        |      2011 | NS      | $41708.14     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Northern Trust Corporation                    | NORTHERN TRUST            | CUSIP: 665859104<br>LEI: 549300GLF98S992BC502 | Long             | EC               | CORP              | US        |      1871 | NS      | $245624.88    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Graham Holdings Co                            | GRAHAM HOLDING-B          | CUSIP: 384637104<br>LEI: 529900BOSCEEEMAFQJ29 | Long             | EC               | CORP              | US        |       262 | NS      | $284545.10    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Seneca Foods                                  | SENECA FOODS-A            | CUSIP: 817070501<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2223 | NS      | $251643.60    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Millrose Properties Inc.                      | MILLROSE PROPERT          | CUSIP: 601137102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      6527 | NS      | $230468.37    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Emcor Group Inc                               | EMCOR GROUP INC           | CUSIP: 29084Q100<br>LEI: 529900X0SQJB2J7YDU43 | Long             | EC               | CORP              | US        |       386 | NS      | $239320.00    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| United Fire Group Inc                         | UNITED FIRE GROU          | CUSIP: 910340108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4872 | NS      | $149765.28    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Halozyme Therapeutics Inc                     | HALOZYME THERAPE          | CUSIP: 40637H109<br>LEI: 529900242I3SV9AGM753 | Long             | EC               | CORP              | US        |      2554 | NS      | $186825.10    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Atmus Filtration Technologies Inc.            | ATMUS FILTRATION          | CUSIP: 04956D107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3405 | NS      | $151590.60    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| CBRE Group Inc.                               | CBRE GROUP INC-A          | CUSIP: 12504L109<br>LEI: 52990016II9MJ2OSWA10 | Long             | EC               | CORP              | US        |      1415 | NS      | $229399.80    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| First Business Financial Services Inc.        | FIRST BUSINESS F          | CUSIP: 319390100<br>LEI: 549300BXKLW2T50TKU95 | Long             | EC               | CORP              | US        |      1317 | NS      | $68905.44     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| LTC Properties Inc                            | LTC PROPERTIES            | CUSIP: 502175102<br>LEI: 549300NRZP8IJG2KY677 | Long             | EC               | CORP              | US        |      4622 | NS      | $168703.00    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Loews Corporation                             | LOEWS CORP                | CUSIP: 540424108<br>LEI: R8V1FN4M5ITGZOG7BS19 | Long             | EC               | CORP              | US        |      2733 | NS      | $264554.40    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Insulet Corporation                           | INSULET CORP              | CUSIP: 45784P101<br>LEI: 549300TZTYD2PYN92D43 | Long             | EC               | CORP              | US        |       511 | NS      | $173678.68    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Alexanders Inc                                | ALEXANDER'S INC           | CUSIP: 014752109<br>LEI: 549300TZM28P04U5R635 | Long             | EC               | CORP              | US        |       615 | NS      | $141659.10    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Incyte Corporation.                           | INCYTE CORP               | CUSIP: 45337C102<br>LEI: 549300Z4WN6JVZ3T4680 | Long             | EC               | CORP              | US        |      1877 | NS      | $158812.97    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Monarch Casino & Resort Inc                   | MONARCH CASINO            | CUSIP: 609027107<br>LEI: 549300AK5FF7KY11V997 | Long             | EC               | CORP              | US        |      1371 | NS      | $143036.43    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Rithm Capital Corp.                           | RITHM CAPITAL CO          | CUSIP: 64828T201<br>LEI: 549300WNTHGEO5LP2G31 | Long             | EC               | CORP              | US        |     28240 | NS      | $349611.20    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Gulfport Energy Operating Corp.               | GULFPORT ENERGY           | CUSIP: 402635502<br>LEI: 549300FJX18IDUFPHD40 | Long             | EC               | CORP              | US        |       952 | NS      | $165676.56    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank First Corp.                              | BANK FIRST CORP           | CUSIP: 06211J100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1518 | NS      | $197218.56    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Huntington Bancshares Incorporated            | HUNTINGTON BANC           | CUSIP: 446150104<br>LEI: 549300XTVCVV9I7B5T19 | Long             | EC               | CORP              | US        |     10440 | NS      | $185936.40    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| CME Group Inc.                                | CME GROUP INC             | CUSIP: 12572Q105<br>LEI: LCZ7XYGSLJUHFXXNXD88 | Long             | EC               | CORP              | US        |       984 | NS      | $262245.84    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Nexstar Media Group Inc                       | NEXSTAR MEDIA             | CUSIP: 65336K103<br>LEI: 52990083ZRR5UT591988 | Long             | EC               | CORP              | US        |       720 | NS      | $147261.60    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Carpenter Technology Corporation              | CARPENTER TECH            | CUSIP: 144285103<br>LEI: DX6I6ZD3X5WNNCDJKP85 | Long             | EC               | CORP              | US        |       479 | NS      | $115381.52    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Air Lease Corporation                         | AIR LEASE C               | CUSIP: 00912X302<br>LEI: 5493004NW4M4P8TMMK63 | Long             | EC               | CORP              | US        |      3164 | NS      | $190504.44    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| BEL Fuse Inc                                  | BEL FUSE INC-B            | CUSIP: 077347300<br>LEI: 2549009L4XYDBRRY6X39 | Long             | EC               | CORP              | US        |       861 | NS      | $115856.16    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Mastec, Inc.                                  | MASTEC INC                | CUSIP: 576323109<br>LEI: 549300TMDIT8WREDOF45 | Long             | EC               | CORP              | US        |       880 | NS      | $159887.20    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| South Plains Financial Inc.                   | SOUTH PLAINS FIN          | CUSIP: 83946P107<br>LEI: 549300SNEBP48642N493 | Long             | EC               | CORP              | US        |      4048 | NS      | $164470.24    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Home BancShares Inc.                          | HOME BANCSHARES           | CUSIP: 436893200<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5441 | NS      | $161924.16    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| NPK International Inc.                        | NPK INTERNATIONA          | CUSIP: 651718504<br>LEI: 54930073OHWDQW4DJN26 | Long             | EC               | CORP              | US        |     13764 | NS      | $143145.60    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Donaldson Co Inc                              | DONALDSON CO INC          | CUSIP: 257651109<br>LEI: OZE6KXY9QQPR8EJ8WL20 | Long             | EC               | CORP              | US        |      2091 | NS      | $166589.97    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| MDU Resources Group, Inc.                     | MDU RES GROUP             | CUSIP: 552690109<br>LEI: 549300MA0UV6AI6SNV27 | Long             | EC               | CORP              | US        |      8510 | NS      | $138627.90    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| CNA Financial Corporation                     | CNA FINL CORP             | CUSIP: 126117100<br>LEI: 549300YX2GSZD7YG1R84 | Long             | EC               | CORP              | US        |      4071 | NS      | $201718.05    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Tractor Supply Co                             | TRACTOR SUPPLY            | CUSIP: 892356106<br>LEI: 549300OJ9VZHZRO6I137 | Long             | EC               | CORP              | US        |      2726 | NS      | $168357.76    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Travelers Companies, Inc.                     | TRAVELERS COS IN          | CUSIP: 89417E109<br>LEI: 549300Y650407RU8B149 | Long             | EC               | CORP              | US        |      1074 | NS      | $291601.74    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Rev Group Inc                                 | REV GROUP INC             | CUSIP: 749527107<br>LEI: 549300SRD0SIG5ZZ3X20 | Long             | EC               | CORP              | US        |      4649 | NS      | $247373.29    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| DHT Holdings Inc.                             | DHT HOLDINGS INC          | CUSIP: Y2065G121<br>LEI: 549300SMD6IVZYT74K40 | Long             | EC               | CORP              | MH        |     17226 | NS      | $201888.72    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Horace Mann Educators Corporation             | HORACE MANN EDUC          | CUSIP: 440327104<br>LEI: 254900G5YAV3A2YK8T32 | Long             | EC               | CORP              | US        |      4310 | NS      | $198173.80    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Super Group Sghc Limited                      | SUPER GROUP SGHC          | CUSIP: G8588X103<br>LEI: N/A                  | Long             | EC               | CORP              | GG        |     16989 | NS      | $197582.07    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Webster Financial Corp.                       | WEBSTER FINL              | CUSIP: 947890109<br>LEI: KMRURHT0VWKYS6Z5KU67 | Long             | EC               | CORP              | US        |      2792 | NS      | $173718.24    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Sharkninja Inc.                               | SHARKNINJA INC            | CUSIP: G8068L108<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |      1407 | NS      | $164562.72    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| VSE Corp.                                     | VSE CORP                  | CUSIP: 918284100<br>LEI: 549300QWJYQDH4U5XI15 | Long             | EC               | CORP              | US        |      1486 | NS      | $241326.40    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Popular, Inc.                                 | POPULAR INC               | CUSIP: 733174700<br>LEI: 5493008CARDZMVQ3LO89 | Long             | EC               | CORP              | PR        |      1727 | NS      | $216980.28    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Liberty Media Corp Del                        | LIBERTY MEDIA CO          | CUSIP: 531229748<br>LEI: 549300ZKUTPIBZLWLL89 | Long             | EC               | CORP              | US        |      2469 | NS      | $233616.78    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Carnival Corporation                          | CARNIVAL CORP             | CUSIP: 143658300<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | EC               | CORP              | PA        |      6438 | NS      | $205307.82    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Affiliated Managers Group, Inc.               | AFFIL MANAGERS            | CUSIP: 008252108<br>LEI: 2JE75BUE3T1BLCYYGK54 | Long             | EC               | CORP              | US        |      1225 | NS      | $275404.50    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Veeva Systems Inc                             | VEEVA SYSTEMS-A           | CUSIP: 922475108<br>LEI: 549300YZEXPDB92M2F02 | Long             | EC               | CORP              | US        |       522 | NS      | $140522.40    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Associated Banc-Corp                          | ASSOC BANC-CORP           | CUSIP: 045487105<br>LEI: 549300N3CIN473IW5094 | Long             | EC               | CORP              | US        |      6971 | NS      | $188007.87    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Zurn Elkay Water Solutions Corporation        | ZURN ELKAY WATER          | CUSIP: 98983L108<br>LEI: 549300AM3633XDFU1Q85 | Long             | EC               | CORP              | US        |      4075 | NS      | $184842.00    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Stock Yards Bancorp Inc.                      | STOCK YARDS BANC          | CUSIP: 861025104<br>LEI: 549300YERP9H5TDIQW16 | Long             | EC               | CORP              | US        |      2197 | NS      | $177319.87    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Liquidia Corporation                          | LIQUIDIA CORP             | CUSIP: 53635D202<br>LEI: 549300O826O5VQJTG707 | Long             | EC               | CORP              | US        |      5048 | NS      | $139728.64    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Coastal Financial Corp.                       | COASTAL FINANCIAL CORP/WA | CUSIP: 19046P209<br>LEI: 549300XG5L36T6IU0B47 | Long             | EC               | CORP              | US        |      1752 | NS      | $200604.00    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Excelerate Energy Inc.                        | EXCELERATE ENE-A          | CUSIP: 30069T101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5240 | NS      | $127960.80    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Worthington Enterprises Inc                   | WORTHINGTON ENTE          | CUSIP: 981811102<br>LEI: 1WRCIANKYOIK6KYE5E82 | Long             | EC               | CORP              | US        |      2462 | NS      | $161999.60    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Oil-Dri Corporation Of America                | OIL DRI CORP              | CUSIP: 677864100<br>LEI: 549300RSG5KPUH16WH66 | Long             | EC               | CORP              | US        |      2812 | NS      | $166976.56    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Steris PLC                                    | STERIS PLC                | CUSIP: G8473T100<br>LEI: N/A                  | Long             | EC               | CORP              | IE        |       622 | NS      | $152427.32    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Penguin Solutions Inc                         | PENGUIN SOLUTION          | CUSIP: 706915105<br>LEI: 529900RDGHQY8XKXPN14 | Long             | EC               | CORP              | US        |      6042 | NS      | $145793.46    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Uber Technologies Inc                         | UBER TECHNOLOGIE          | CUSIP: 90353T100<br>LEI: 549300B2FTG34FILDR98 | Long             | EC               | CORP              | US        |      1552 | NS      | $145500.00    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Tenet Healthcare Corporation                  | TENET HEALTHCARE          | CUSIP: 88033G407<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | EC               | CORP              | US        |       655 | NS      | $120736.15    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Tegna Inc                                     | TEGNA INC                 | CUSIP: 87901J105<br>LEI: 549300YC5EDBGX85AO10 | Long             | EC               | CORP              | US        |      7751 | NS      | $164321.20    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Dycom Industries, Inc.                        | DYCOM INDS                | CUSIP: 267475101<br>LEI: 549300F56EKTHQI3WT60 | Long             | EC               | CORP              | US        |       612 | NS      | $154511.64    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Pitney Bowes Inc.                             | PITNEY BOWES INC          | CUSIP: 724479100<br>LEI: 549300N2O26NW4ST6W55 | Long             | EC               | CORP              | US        |     11692 | NS      | $141707.04    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Nutanix Inc                                   | NUTANIX INC - A           | CUSIP: 67059N108<br>LEI: 549300X7J6E8TKVIXW09 | Long             | EC               | CORP              | US        |      2376 | NS      | $159690.96    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Enterprise Financial Services Corp.           | ENTERPRISE FINAN          | CUSIP: 293712105<br>LEI: 5493001XTU5DLD632129 | Long             | EC               | CORP              | US        |      2449 | NS      | $149976.76    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Caterpillar Inc                               | CATERPILLAR INC           | CUSIP: 149123101<br>LEI: WRJR7GS4GTRECRRTVX92 | Long             | EC               | CORP              | US        |       650 | NS      | $272376.00    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Hamilton Insurance Group Ltd.                 | HAMILTON INSUR-B          | CUSIP: G42706104<br>LEI: 549300W92BN1FIEXG871 | Long             | EC               | CORP              | BM        |      7606 | NS      | $181327.04    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Public Service Enterprise Group Incorporated  | PUB SERV ENTERP           | CUSIP: 744573106<br>LEI: PUSS41EMO3E6XXNV3U28 | Long             | EC               | CORP              | US        |      2669 | NS      | $219738.77    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Axon Enterprise Inc                           | AXON ENTERPRISE           | CUSIP: 05464C101<br>LEI: 549300QP2IEEGFE16681 | Long             | EC               | CORP              | US        |       126 | NS      | $94158.54     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| International Bancshares Corp                 | INTL BANCSHARES           | CUSIP: 459044103<br>LEI: 549300Y16R531AU8TX77 | Long             | EC               | CORP              | US        |      2598 | NS      | $185860.92    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Brinker International, Inc.                   | BRINKER INTL              | CUSIP: 109641100<br>LEI: 52990067JY6PBGJNTG76 | Long             | EC               | CORP              | US        |       640 | NS      | $99827.20     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Phillips Edison & Co Inc                      | PHILLIPS EDISON           | CUSIP: 71844V201<br>LEI: 549300JPN4YHYPXTJQ85 | Long             | EC               | CORP              | US        |      9055 | NS      | $318645.45    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Unitil Corp                                   | UNITIL CORP               | CUSIP: 913259107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2430 | NS      | $114112.80    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Avista Corporation                            | AVISTA CORP               | CUSIP: 05379B107<br>LEI: Q0IK63NITJD6RJ47SW96 | Long             | EC               | CORP              | US        |      5506 | NS      | $201189.24    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Burlington Stores Inc.                        | BURLINGTON STORE          | CUSIP: 122017106<br>LEI: 5299003Z37DVGKKC1W09 | Long             | EC               | CORP              | US        |       632 | NS      | $183709.76    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Metrocity Bankshares Inc.                     | METROCITY BANKSH          | CUSIP: 59165J105<br>LEI: 549300TC6QB7YG0P6F52 | Long             | EC               | CORP              | US        |      4263 | NS      | $127634.22    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Pennymac Financial Services Inc               | PENNYMAC FINANCI          | CUSIP: 70932M107<br>LEI: 549300W1D516HBDEU871 | Long             | EC               | CORP              | US        |      1719 | NS      | $189261.90    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Martin Marietta Materials Inc                 | MARTIN MAR MTLS           | CUSIP: 573284106<br>LEI: 5299005MZ4WZECVATV08 | Long             | EC               | CORP              | US        |       327 | NS      | $201562.80    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Churchill Downs Inc                           | CHURCHILL DOWNS           | CUSIP: 171484108<br>LEI: 529900FODTBQC8MIS994 | Long             | EC               | CORP              | US        |       438 | NS      | $45433.74     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Amphenol Corporation                          | AMPHENOL CORP-A           | CUSIP: 032095101<br>LEI: 549300D3L3G0R4U4VT04 | Long             | EC               | CORP              | US        |      1980 | NS      | $215542.80    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Crane Co.                                     | CRANE CO                  | CUSIP: 224408104<br>LEI: 5493000CQRQOTHUODL75 | Long             | EC               | CORP              | US        |       987 | NS      | $182891.10    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| ANI Pharmaceuticals Inc.                      | ANI PHARMACEUTIC          | CUSIP: 00182C103<br>LEI: 5493000T6CXTND40YH31 | Long             | EC               | CORP              | US        |      1861 | NS      | $174003.50    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| MYR Grp Inc                                   | MYR GROUP INC/DE          | CUSIP: 55405W104<br>LEI: 529900G1IMMZHOQ17I54 | Long             | EC               | CORP              | US        |       944 | NS      | $176782.88    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Cadence Design Systems, Inc.                  | CADENCE DESIGN            | CUSIP: 127387108<br>LEI: GCT7RXJOGLXPV0NXZY22 | Long             | EC               | CORP              | US        |       661 | NS      | $231634.23    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Stellar Bancorp Inc                           | STELLAR BANCORP           | CUSIP: 858927106<br>LEI: 54930070P8Z0WHFBB536 | Long             | EC               | CORP              | US        |      4110 | NS      | $127081.20    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Garmin Ltd                                    | GARMIN LTD                | CUSIP: H2906T109<br>LEI: 2549001E0HIPIJQ0W046 | Long             | EC               | CORP              | CH        |       526 | NS      | $127197.32    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Construction Partners Inc.                    | CONSTRUCTION P-A          | CUSIP: 21044C107<br>LEI: 549300MHLFL4E8JLZU44 | Long             | EC               | CORP              | US        |       924 | NS      | $110787.60    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Turning Point Brands Inc                      | TURNING POINT BR          | CUSIP: 90041L105<br>LEI: 549300IYG00QF0VVP302 | Long             | EC               | CORP              | US        |      1247 | NS      | $124076.50    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Strategy Inc.                                 | STRATEGY INC              | CUSIP: 594972408<br>LEI: 549300WQTWEJUEHXQX21 | Long             | EC               | CORP              | US        |       320 | NS      | $107011.20    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Starwood Property Trust, Inc.                 | STARWOOD PROPERT          | CUSIP: 85571B105<br>LEI: BUGSFQZERKRBFWIG5267 | Long             | EC               | CORP              | US        |     17349 | NS      | $351664.23    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Magnite Inc                                   | MAGNITE INC               | CUSIP: 55955D100<br>LEI: 54930018FR2YX1HHSB02 | Long             | EC               | CORP              | US        |      5868 | NS      | $152274.60    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| First Bancorp                                 | FIRST BANCORP/NC          | CUSIP: 318910106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3794 | NS      | $207114.46    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| First Mid Bancshares Inc.                     | FIRST MID BANCSH          | CUSIP: 320866106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4555 | NS      | $184204.20    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Rush Enterprises Inc.                         | RUSH ENTER-CL A           | CUSIP: 781846209<br>LEI: 529900V3XHTN7A6DFT17 | Long             | EC               | CORP              | US        |      3033 | NS      | $174094.20    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Ducommun Incorporated                         | DUCOMMUN INC              | CUSIP: 264147109<br>LEI: 549300Z71HMWF90S2214 | Long             | EC               | CORP              | US        |      2302 | NS      | $209988.44    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| NMI Holdings Inc                              | NMI HOLDINGS INC          | CUSIP: 629209305<br>LEI: 529900KNNGFXJX1C3Z08 | Long             | EC               | CORP              | US        |      5171 | NS      | $203478.85    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| InterDigital, Inc.                            | INTERDIGITAL INC          | CUSIP: 45867G101<br>LEI: 529900HQAUTC3VI47G64 | Long             | EC               | CORP              | US        |       710 | NS      | $192914.10    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| CleanSpark Inc.                               | CLEANSPARK INC            | CUSIP: 18452B209<br>LEI: 254900VO7KBRJQDGY810 | Long             | EC               | CORP              | US        |      1827 | NS      | $17301.69     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Old National Bancorp                          | OLD NATL BANCORP          | CUSIP: 680033107<br>LEI: 549300MMK90CL5KMVX16 | Long             | EC               | CORP              | US        |      9070 | NS      | $207612.30    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Alnylam Pharmaceuticals Inc.                  | ALNYLAM PHARMACE          | CUSIP: 02043Q107<br>LEI: 529900S3ZI14OWRJII50 | Long             | EC               | CORP              | US        |       500 | NS      | $223255.00    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| HBT Financial Inc.                            | HBT FINANCIAL IN          | CUSIP: 404111106<br>LEI: 549300NTXD4Q6UK5BY66 | Long             | EC               | CORP              | US        |      2816 | NS      | $74595.84     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| News Corporation                              | NEWS CORP-CL B            | CUSIP: 65249B208<br>LEI: 549300ITS31QK8VRBQ14 | Long             | EC               | CORP              | US        |      6049 | NS      | $204879.63    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Casey'S General Stores Inc.                   | CASEY'S GENERAL           | CUSIP: 147528103<br>LEI: 549300CAFWSI86V66Q65 | Long             | EC               | CORP              | US        |       583 | NS      | $288305.16    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| First Horizon Corporation                     | FIRST HORIZON CO          | CUSIP: 320517105<br>LEI: TF3RXI1ZB1TQ30H9JV10 | Long             | EC               | CORP              | US        |      9785 | NS      | $221141.00    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Antero Resources Corporation                  | ANTERO RESOURCES          | CUSIP: 03674X106<br>LEI: APVBKPOULHUX7YZLKU17 | Long             | EC               | CORP              | US        |      4061 | NS      | $129627.12    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Kimberly-Clark Corporation                    | KIMBERLY-CLARK            | CUSIP: 494368103<br>LEI: MP3J6QPYPGN75NVW2S34 | Long             | EC               | CORP              | US        |      1462 | NS      | $188802.68    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| BJS Restaurants In                            | BJ'S RESTAURANTS          | CUSIP: 09180C106<br>LEI: 5299000EOW66I1OJNQ23 | Long             | EC               | CORP              | US        |      4558 | NS      | $152966.48    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Parker-Hannifin Corp.                         | PARKER HANNIFIN           | CUSIP: 701094104<br>LEI: 5493002CONDB4N2HKI23 | Long             | EC               | CORP              | US        |       349 | NS      | $265013.15    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| The New York Times Company                    | NEW YORK TIMES-A          | CUSIP: 650111107<br>LEI: 529900J1WEMMIW7BOH57 | Long             | EC               | CORP              | US        |      2577 | NS      | $154207.68    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| 3M Company                                    | 3M CO                     | CUSIP: 88579Y101<br>LEI: LUZQVYP4VS22CLWDAR65 | Long             | EC               | CORP              | US        |      1111 | NS      | $172793.83    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| EPR Properties                                | EPR PROPERTIES            | CUSIP: 26884U109<br>LEI: 549300YSSXFHMPOWZ492 | Long             | EC               | CORP              | US        |      3919 | NS      | $212605.75    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| CTO Realty Growth Inc New                     | CTO REALTY GROWT          | CUSIP: 22948Q101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     10758 | NS      | $185898.24    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadstone Net Lease Inc                      | BROADSTONE NET            | CUSIP: 11135E203<br>LEI: 549300U8D7PT70B49V21 | Long             | EC               | CORP              | US        |     11766 | NS      | $218729.94    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| IES Holdings Inc.                             | IES HOLDINGS INC          | CUSIP: 44951W106<br>LEI: 549300687T8E6LN6EN72 | Long             | EC               | CORP              | US        |       326 | NS      | $113875.06    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| PJT Partners Inc.                             | PJT PARTNERS - A          | CUSIP: 69343T107<br>LEI: 549300W3WBEQUBKYTN87 | Long             | EC               | CORP              | US        |       607 | NS      | $108653.00    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Perdoceo Education Corp.                      | PERDOCEO EDUCATI          | CUSIP: 71363P106<br>LEI: 529900X5PCA184O9LY90 | Long             | EC               | CORP              | US        |      3977 | NS      | $130206.98    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Buckle Inc                                    | THE BUCKLE INC            | CUSIP: 118440106<br>LEI: 5299007IU0461T3GDL34 | Long             | EC               | CORP              | US        |      3765 | NS      | $213061.35    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Ameren Corp.                                  | AMEREN CORP               | CUSIP: 023608102<br>LEI: XRZQ5S7HYJFPHJ78L959 | Long             | EC               | CORP              | US        |      2147 | NS      | $214227.66    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Univest Financial Corp.                       | UNIVEST FINANCIA          | CUSIP: 915271100<br>LEI: 4WII2HCR8UEWNU03U507 | Long             | EC               | CORP              | US        |      4959 | NS      | $157051.53    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Pricesmart Inc                                | PRICESMART INC            | CUSIP: 741511109<br>LEI: 549300JVYOSTGVSDZS46 | Long             | EC               | CORP              | US        |      1617 | NS      | $173439.42    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| RTX Corp.                                     | RTX CORP                  | CUSIP: 75513E101<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | EC               | CORP              | US        |      1720 | NS      | $272792.00    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Chubb Ltd.                                    | CHUBB LTD                 | CUSIP: H1467J104<br>LEI: E0JAN6VLUDI1HITHT809 | Long             | EC               | CORP              | CH        |       794 | NS      | $218405.58    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| OFG Bancorp                                   | OFG BANCORP               | CUSIP: 67103X102<br>LEI: 549300Q4QEXJ37LEXQ06 | Long             | EC               | CORP              | PR        |      4087 | NS      | $182893.25    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| ResMed Inc.                                   | RESMED INC                | CUSIP: 761152107<br>LEI: 529900T3QE5253CCXF22 | Long             | EC               | CORP              | US        |      1286 | NS      | $353019.86    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Rollins Inc                                   | ROLLINS INC               | CUSIP: 775711104<br>LEI: 549300F2A0BXT4SGWD84 | Long             | EC               | CORP              | US        |      3885 | NS      | $219657.90    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Willdan Group Inc.                            | WILLDAN GROUP IN          | CUSIP: 96924N100<br>LEI: 529900YQO0LF5VAEKN05 | Long             | EC               | CORP              | US        |       722 | NS      | $79318.92     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Centerpoint Energy Inc                        | CENTERPOINT ENER          | CUSIP: 15189T107<br>LEI: 21TPXMRRHFKOBHDC8J74 | Long             | EC               | CORP              | US        |      5516 | NS      | $208008.36    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Advanced Energy Industries, Inc.              | ADV ENERGY INDS           | CUSIP: 007973100<br>LEI: 549300756XI3QLFT2U27 | Long             | EC               | CORP              | US        |      1321 | NS      | $197727.28    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Republic Services, Inc.                       | REPUBLIC SVCS             | CUSIP: 760759100<br>LEI: NKNQHM6BLECKVOQP7O46 | Long             | EC               | CORP              | US        |      1103 | NS      | $258068.91    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| DT Midstream Inc                              | DT MIDSTREAM              | CUSIP: 23345M107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1610 | NS      | $167729.80    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Church & Dwight Co Inc.                       | CHURCH & DWIGHT           | CUSIP: 171340102<br>LEI: POOXSI30AWAQGYJZC921 | Long             | EC               | CORP              | US        |      1923 | NS      | $179146.68    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Labcorp Holdings Inc                          | LABCORP HOLDINGS          | CUSIP: 504922105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       767 | NS      | $213218.33    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Iradimed Corp.                                | IRADIMED CORP             | CUSIP: 46266A109<br>LEI: 549300YVHWP0YJ1YW816 | Long             | EC               | CORP              | US        |      2666 | NS      | $193125.04    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Williams Companies Inc. (The)                 | WILLIAMS COS INC          | CUSIP: 969457100<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | EC               | CORP              | US        |      2914 | NS      | $168662.32    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| The Bank of New York Mellon Corp.             | BANK NY MELLON            | CUSIP: 064058100<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | EC               | CORP              | US        |      3474 | NS      | $366854.40    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Theravance Biopharma Inc                      | THERAVANCE B              | CUSIP: G8807B106<br>LEI: 5493007VTSXP4Z6MIW52 | Long             | EC               | CORP              | KY        |     13102 | NS      | $181855.76    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Patrick Industries Inc.                       | PATRICK INDS INC          | CUSIP: 703343103<br>LEI: 549300FZ5ZTCCJ3Z5W14 | Long             | EC               | CORP              | US        |      1759 | NS      | $196744.15    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Metropolitan Bank Holding Corp                | METROPOLITAN BAN          | CUSIP: 591774104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1825 | NS      | $144886.75    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Monster Beverage Corp                         | MONSTER BEVERAGE          | CUSIP: 61174X109<br>LEI: 52990090AP0E7HCB6F33 | Long             | EC               | CORP              | US        |      4584 | NS      | $286087.44    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Corning Incorporated                          | CORNING INC               | CUSIP: 219350105<br>LEI: 549300X2937PB0CJ7I56 | Long             | EC               | CORP              | US        |      4695 | NS      | $314705.85    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Liberty Media Corp Del                        | LIBERTY MEDIA CO          | CUSIP: 531229722<br>LEI: 549300ZKUTPIBZLWLL89 | Long             | EC               | CORP              | US        |      2236 | NS      | $217741.68    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Community Financial System Inc                | COMMUNITY FINANC          | CUSIP: 203607106<br>LEI: 5299008N6YHE6GCP1E80 | Long             | EC               | CORP              | US        |      2640 | NS      | $158109.60    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Veritex Hldgs Inc                             | VERITEX HOLDINGS          | CUSIP: 923451108<br>LEI: 549300F3SMOML02SC814 | Long             | EC               | CORP              | US        |      4433 | NS      | $152273.55    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Nasdaq Inc                                    | NASDAQ INC                | CUSIP: 631103108<br>LEI: 549300L8X1Q78ERXFD06 | Long             | EC               | CORP              | US        |      2753 | NS      | $260819.22    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Consolidated Edison, Inc.                     | CONS EDISON INC           | CUSIP: 209115104<br>LEI: 54930033SBW53OO8T749 | Long             | EC               | CORP              | US        |      1824 | NS      | $179171.52    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Darden Restaurants, Inc.                      | DARDEN RESTAURAN          | CUSIP: 237194105<br>LEI: CY1NFSCCB5GUXC7WZC70 | Long             | EC               | CORP              | US        |       989 | NS      | $204663.66    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Hometrust Bancshares Inc.                     | HOMETRUST BANCSH          | CUSIP: 437872104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4022 | NS      | $166349.92    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Donegal Group Inc.                            | DONEGAL GRP-CL A          | CUSIP: 257701201<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      9126 | NS      | $163264.14    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| MVB Financial Corp.                           | MVB FINANCIAL CO          | CUSIP: 553810102<br>LEI: 549300KSUQ2FUU1X2O74 | Long             | EC               | CORP              | US        |      6210 | NS      | $151524.00    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| City Holding Co                               | CITY HOLDING CO           | CUSIP: 177835105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1778 | NS      | $228437.44    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Brookfield Property Preferred Lp              | BPY 6 1/4                 | CUSIP: G1624R107<br>LEI: 254900N07TR905Y0G344 | Long             | EP               | CORP              | BM        |       313 | NS      | $4917.23      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| World Acceptance Corporation                  | WORLD ACCEPTANCE          | CUSIP: 981419104<br>LEI: 529900M7JQUDCH7Q9153 | Long             | EC               | CORP              | US        |       984 | NS      | $168687.12    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| MidWestOne Financial Group Inc.               | MIDWESTONE FINAN          | CUSIP: 598511103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5886 | NS      | $177992.64    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Unum Group                                    | UNUM GROUP                | CUSIP: 91529Y106<br>LEI: 549300E32YFDO6TZ8R31 | Long             | EC               | CORP              | US        |      1799 | NS      | $125678.14    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Tradeweb Markets Inc                          | TRADEWEB MARKE-A          | CUSIP: 892672106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1733 | NS      | $213782.88    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Resideo Technologies Inc                      | RESIDEO TECHN             | CUSIP: 76118Y104<br>LEI: 5493006TKFPYISY2DS54 | Long             | EC               | CORP              | US        |      5643 | NS      | $192144.15    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| SouthState Corp.                              | SOUTHSTATE CORP           | CUSIP: 840441109<br>LEI: 549300JZUANXM0YQ4W53 | Long             | EC               | CORP              | US        |      1585 | NS      | $161765.10    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| SiriusPoint Ltd                               | SIRIUSPOINT LTD           | CUSIP: G8192H106<br>LEI: 549300OGXFI85N3YZZ51 | Long             | EC               | CORP              | BM        |     12931 | NS      | $242068.32    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| First Community Bankshares Inc.               | FIRST COMMUNI BK          | CUSIP: 31983A103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3382 | NS      | $128448.36    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Spirit Aerosystems Holdings Inc               | SPIRIT AEROSYS-A          | CUSIP: 848574109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      6142 | NS      | $255445.78    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Automatic Data Processing, Inc.               | AUTOMATIC DATA            | CUSIP: 053015103<br>LEI: HGBOLILQXWER4SAL2I23 | Long             | EC               | CORP              | US        |       589 | NS      | $179085.45    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Ladder Capital Corporation                    | LADDER CAPITAL            | CUSIP: 505743104<br>LEI: 549300Q6LLV2QCV67C06 | Long             | EC               | CORP              | US        |     14330 | NS      | $166514.60    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| F5 Inc                                        | F5 INC                    | CUSIP: 315616102<br>LEI: 54930015FPK9KT966303 | Long             | EC               | CORP              | US        |       653 | NS      | $204480.42    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Acushnet Holdings Corp                        | ACUSHNET HOLDING          | CUSIP: 005098108<br>LEI: 529900W5FI106H543E43 | Long             | EC               | CORP              | US        |      2500 | NS      | $191625.00    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Irhythm Technologies Inc                      | IRHYTHM TECHNOLO          | CUSIP: 450056106<br>LEI: 549300FJI72RJGDQS384 | Long             | EC               | CORP              | US        |       835 | NS      | $141933.30    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Aris Water Solutions Inc                      | ARIS WATER SOL-A          | CUSIP: 04041L106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2307 | NS      | $55990.89     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Artivion Inc                                  | ARTIVION INC              | CUSIP: 228903100<br>LEI: 549300YTKV8DMSMG6K81 | Long             | EC               | CORP              | US        |      6010 | NS      | $264019.30    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Alexander & Baldwin Inc                       | ALEXANDER & BALD          | CUSIP: 014491104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     11346 | NS      | $219431.64    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Getty Realty Corp                             | GETTY REALTY              | CUSIP: 374297109<br>LEI: 2549000P1W5SFJWCNP90 | Long             | EC               | CORP              | US        |      5753 | NS      | $164478.27    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadridge Financial Solutions Inc.           | BROADRIDGE FINL           | CUSIP: 11133T103<br>LEI: 549300KZDJZQ2YIHRC28 | Long             | EC               | CORP              | US        |      1022 | NS      | $261243.64    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Ecolab Inc.                                   | ECOLAB INC                | CUSIP: 278865100<br>LEI: 82DYEISM090VG8LTLS26 | Long             | EC               | CORP              | US        |       882 | NS      | $244349.28    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Tutor Perini Corporation                      | TUTOR PERINI COR          | CUSIP: 901109108<br>LEI: 549300FHXYVPW8LJ6D98 | Long             | EC               | CORP              | US        |      1973 | NS      | $116288.62    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Fox Corporation                               | FOX CORP - A              | CUSIP: 35137L105<br>LEI: 549300DDU6FDRBIELS05 | Long             | EC               | CORP              | US        |      4775 | NS      | $285067.50    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Coupang Inc.                                  | COUPANG INC               | CUSIP: 22266T109<br>LEI: 549300XR4L1D80AK4W76 | Long             | EC               | CORP              | US        |      6938 | NS      | $198288.04    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Millicom International Cellular SA            | MILLICOM INTL             | CUSIP: L6388F110<br>LEI: 549300CTHC1CP86P2G96 | Long             | EC               | CORP              | LU        |      4332 | NS      | $209278.92    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| AT&T Inc                                      | AT&T INC                  | CUSIP: 00206R102<br>LEI: 549300Z40J86GGSTL398 | Long             | EC               | CORP              | US        |     10254 | NS      | $300339.66    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Asbury Automotive Group, Inc.                 | ASBURY AUTO GRP           | CUSIP: 043436104<br>LEI: 549300JH4DTA7U42GL91 | Long             | EC               | CORP              | US        |       513 | NS      | $129040.02    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Axos Financial Inc                            | AXOS FINANCIAL I          | CUSIP: 05465C100<br>LEI: 529900D8M56422GK9O25 | Long             | EC               | CORP              | US        |      1876 | NS      | $171109.96    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Brookfield Asset Management Ltd               | BROOKFIELD-A              | CUSIP: 113004105<br>LEI: 549300CZ84WPNJZKY093 | Long             | EC               | CORP              | CA        |      3343 | NS      | $201114.88    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Old Republic International Corporation        | OLD REPUB INTL            | CUSIP: 680223104<br>LEI: 549300IV6O2YY2A1KH37 | Long             | EC               | CORP              | US        |      6985 | NS      | $279190.45    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Federal Signal Corp.                          | FED SIGNAL CORP           | CUSIP: 313855108<br>LEI: 549300RTXZRPTNP6G884 | Long             | EC               | CORP              | US        |      2127 | NS      | $261599.73    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Penske Automotive Group, Inc.                 | PENSKE AUTOMOTIV          | CUSIP: 70959W103<br>LEI: 549300W7UTQ0M4C7LB15 | Long             | EC               | CORP              | US        |       891 | NS      | $164309.31    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Vitesse Energy Inc.                           | VITESSE ENERGY            | CUSIP: 92852X103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5386 | NS      | $143321.46    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| OPENLANE Inc                                  | OPENLANE INC              | CUSIP: 48238T109<br>LEI: 5493004HKD20LBSG7D03 | Long             | EC               | CORP              | US        |      7037 | NS      | $203510.04    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| W.R. Berkley Corporation                      | WR BERKLEY CORP           | CUSIP: 084423102<br>LEI: SQOAGCLKBDWNVYV1OV80 | Long             | EC               | CORP              | US        |      1960 | NS      | $140512.40    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Mckesson Corp.                                | MCKESSON CORP             | CUSIP: 58155Q103<br>LEI: 549300WZWOM80UCFSF54 | Long             | EC               | CORP              | US        |       255 | NS      | $175093.20    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| FB Financial Corp.                            | FB FINANCIAL COR          | CUSIP: 30257X104<br>LEI: 5493000B2LD2C2A6C435 | Long             | EC               | CORP              | US        |      3165 | NS      | $169897.20    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank OZK                                      | BANK OZK                  | CUSIP: 06417N103<br>LEI: 549300VYK2WBD7SST478 | Long             | EC               | CORP              | US        |      4225 | NS      | $221685.75    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Omega Healthcare Investors, Inc.              | OMEGA HEALTHCARE          | CUSIP: 681936100<br>LEI: 549300OJ7ENK42CZ8E73 | Long             | EC               | CORP              | US        |      5293 | NS      | $225323.01    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Virtu Financial Inc                           | VIRTU FINANCIA-A          | CUSIP: 928254101<br>LEI: 5493001OPW2K42CH3884 | Long             | EC               | CORP              | US        |      4315 | NS      | $180884.80    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Goosehead Insurance Inc                       | GOOSEHEAD INSU-A          | CUSIP: 38267D109<br>LEI: 549300WH5MBIWHJ9XY95 | Long             | EC               | CORP              | US        |      1281 | NS      | $108513.51    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Grand Canyon Education Inc                    | GRAND CANYON EDU          | CUSIP: 38526M106<br>LEI: 529900XFER799IYOSW74 | Long             | EC               | CORP              | US        |      1395 | NS      | $281190.15    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Eaton Corporation PLC                         | EATON CORP PLC            | CUSIP: G29183103<br>LEI: 549300VDIGTMXUNT7H71 | Long             | EC               | CORP              | IE        |       556 | NS      | $194121.84    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Teledyne Technologies Inc                     | TELEDYNE TECH             | CUSIP: 879360105<br>LEI: 549300VSMO9KYQWDND94 | Long             | EC               | CORP              | US        |       425 | NS      | $228722.25    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| AZZ Inc                                       | AZZ INC                   | CUSIP: 002474104<br>LEI: 549300HD1X2NFLWPYC83 | Long             | EC               | CORP              | US        |      1925 | NS      | $217313.25    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| CSG Systems International Inc.                | CSG SYSTEMS INTL          | CUSIP: 126349109<br>LEI: 549300D7FJZUOHHXUA81 | Long             | EC               | CORP              | US        |      2314 | NS      | $148466.24    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Nuvalent Inc                                  | NUVALENT INC-A            | CUSIP: 670703107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1093 | NS      | $83701.94     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| American Healthcare REIT Inc.                 | AMERICAN HEALTHC          | CUSIP: 398182303<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4807 | NS      | $205691.53    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Equitable Holdings Inc                        | EQUITABLE HOLDIN          | CUSIP: 29452E101<br>LEI: 549300FIBAKMNHPZ4009 | Long             | EC               | CORP              | US        |      4608 | NS      | $245422.08    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Ralph Lauren Corp.                            | RALPH LAUREN COR          | CUSIP: 751212101<br>LEI: HO1QNWM0IXBZ0QSMMO20 | Long             | EC               | CORP              | US        |       499 | NS      | $148168.07    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Exelon Corp.                                  | EXELON CORP               | CUSIP: 30161N101<br>LEI: 3SOUA6IRML7435B56G12 | Long             | EC               | CORP              | US        |      4366 | NS      | $190706.88    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Home Bancorp Inc.                             | HOME BANCORP INC          | CUSIP: 43689E107<br>LEI: 5493008ATL42O3U2YM84 | Long             | EC               | CORP              | US        |      1163 | NS      | $65436.20     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Carlyle Group Inc                             | CARLYLE GROUP IN          | CUSIP: 14316J108<br>LEI: 529900NGGVF94UK6PG95 | Long             | EC               | CORP              | US        |      3250 | NS      | $209820.00    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Hilton Grand Vacations Inc                    | HILTON GRAND VAC          | CUSIP: 43283X105<br>LEI: 549300O9K6MFD8D07574 | Long             | EC               | CORP              | US        |      3579 | NS      | $170074.08    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Sprouts Farmers Markets Inc                   | SPROUTS FARMERS           | CUSIP: 85208M102<br>LEI: 529900P8F4G77Q52XE24 | Long             | EC               | CORP              | US        |       925 | NS      | $129999.50    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Citigroup Inc.                                | CITIGROUP INC             | CUSIP: 172967424<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | EC               | CORP              | US        |      3373 | NS      | $325730.61    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Nelnet Inc.                                   | NELNET INC-CL A           | CUSIP: 64031N108<br>LEI: 549300T6B0Q52I6OM558 | Long             | EC               | CORP              | US        |      1292 | NS      | $166164.12    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Cal-Maine Foods Inc.                          | CAL-MAINE FOODS           | CUSIP: 128030202<br>LEI: 549300NHE5WMIEIEMF53 | Long             | EC               | CORP              | US        |      1066 | NS      | $123272.24    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Steel Dynamics, Inc.                          | STEEL DYNAMICS            | CUSIP: 858119100<br>LEI: 549300HGGKEL4FYTTQ83 | Long             | EC               | CORP              | US        |      1328 | NS      | $173861.76    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Mueller Industries Inc.                       | MUELLER INDS              | CUSIP: 624756102<br>LEI: 5493005IZFE4VJLLYG84 | Long             | EC               | CORP              | US        |      2011 | NS      | $192935.34    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Janus Henderson Group PLC                     | JANUS HENDERSON           | CUSIP: G4474Y214<br>LEI: 2138009WPYMWJN3RVF44 | Long             | EC               | CORP              | JE        |      4282 | NS      | $189778.24    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Cintas Corporation                            | CINTAS CORP               | CUSIP: 172908105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1074 | NS      | $225572.22    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Sofi Technologies Inc                         | SOFI TECHNOLOGIE          | CUSIP: 83406F102<br>LEI: 549300SW81JCMVZDDY09 | Long             | EC               | CORP              | US        |      8043 | NS      | $205418.22    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Fastenal Co.                                  | FASTENAL CO               | CUSIP: 311900104<br>LEI: 529900PP0C7H2HHPSJ32 | Long             | EC               | CORP              | US        |      4824 | NS      | $239559.84    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| First Financial Bancorp.                      | FIRST FIN BANCRP          | CUSIP: 320209109<br>LEI: 549300D3F5B3EZMY7P77 | Long             | EC               | CORP              | US        |      6239 | NS      | $165208.72    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Astronics Corp.                               | ASTRONICS CORP            | CUSIP: 046433108<br>LEI: 549300NNXCF8H4MSMK17 | Long             | EC               | CORP              | US        |      2302 | NS      | $83723.74     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Palomar Holdings Inc                          | PALOMAR HOLDINGS          | CUSIP: 69753M105<br>LEI: 549300DOI1MUW11BLX74 | Long             | EC               | CORP              | US        |      1037 | NS      | $127571.74    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| SmartFinancial Inc.                           | SMARTFINANCIAL I          | CUSIP: 83190L208<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4551 | NS      | $167704.35    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| United Rentals, Inc.                          | UNITED RENTALS            | CUSIP: 911363109<br>LEI: 5323X5O7RN0NKFCDRY08 | Long             | EC               | CORP              | US        |       235 | NS      | $224739.90    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Enact Holdings Inc                            | ENACT HOLDINGS I          | CUSIP: 29249E109<br>LEI: 9845003CA5664B741N19 | Long             | EC               | CORP              | US        |      5877 | NS      | $221269.05    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| OGE Energy Corporation                        | OGE ENERGY CORP           | CUSIP: 670837103<br>LEI: CE5OG6JPOZMDSA0LAQ19 | Long             | EC               | CORP              | US        |      4913 | NS      | $219414.58    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Pathward Financial Inc                        | PATHWARD FINANCI          | CUSIP: 59100U108<br>LEI: 5493004X52BH1NBLW813 | Long             | EC               | CORP              | US        |      2300 | NS      | $182781.00    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Arrow Financial Corp.                         | ARROW FINL CORP           | CUSIP: 042744102<br>LEI: 2549007Z8GI9ZZIQ1817 | Long             | EC               | CORP              | US        |      4105 | NS      | $122041.65    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Arlo Technologies Inc                         | ARLO TECHNOLOGIE          | CUSIP: 04206A101<br>LEI: 549300T4EUX2OQ75HV52 | Long             | EC               | CORP              | US        |      9452 | NS      | $164559.32    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Caretrust Reit Inc                            | CARETRUST REI             | CUSIP: 14174T107<br>LEI: 5493001NVXE2B9GPLU96 | Long             | EC               | CORP              | US        |      7246 | NS      | $249334.86    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Sanmina Corp                                  | SANMINA CORP              | CUSIP: 801056102<br>LEI: X5K24XLM8QYRXF00EB42 | Long             | EC               | CORP              | US        |      2032 | NS      | $238800.64    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Zscaler Inc                                   | ZSCALER INC               | CUSIP: 98980G102<br>LEI: 529900MZ0RTK1BWRNF46 | Long             | EC               | CORP              | US        |       671 | NS      | $185900.55    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Ventas Inc.                                   | VENTAS INC                | CUSIP: 92276F100<br>LEI: ORQTRC074CWLT3DKHT41 | Long             | EC               | CORP              | US        |      3165 | NS      | $215473.20    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Net Lease Office Properties                   | NET LEASE OFFICE          | CUSIP: 64110Y108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      7561 | NS      | $223956.82    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Mr Cooper Group Inc                           | MR COOPER GROUP           | CUSIP: 62482R107<br>LEI: 549300KD8C6DPXYC2M26 | Long             | EC               | CORP              | US        |       885 | NS      | $166849.05    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| First Financial Corp.                         | FIRST FINANCIAL           | CUSIP: 320218100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3458 | NS      | $204022.00    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Roper Technologies Inc                        | ROPER TECHNOLOGI          | CUSIP: 776696106<br>LEI: 54930003T4SXCIWVXY35 | Long             | EC               | CORP              | US        |       554 | NS      | $291575.74    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Commvault Systems Inc.                        | COMMVAULT SYSTEM          | CUSIP: 204166102<br>LEI: 65T5VRP62VXG39YFML83 | Long             | EC               | CORP              | US        |       515 | NS      | $96122.18     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Rockwell Automation, Inc.                     | ROCKWELL AUTOMAT          | CUSIP: 773903109<br>LEI: VH3R4HHBHH12O0EXZJ88 | Long             | EC               | CORP              | US        |       773 | NS      | $265471.39    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Tyler Technologies Inc.                       | TYLER TECHNOLOG           | CUSIP: 902252105<br>LEI: 25490040SMU4Z8LBCW70 | Long             | EC               | CORP              | US        |       268 | NS      | $150851.84    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Aramark                                       | ARAMARK                   | CUSIP: 03852U106<br>LEI: 549300MR6PG2DWZUIL39 | Long             | EC               | CORP              | US        |      6349 | NS      | $248309.39    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Innoviva Inc                                  | INNOVIVA INC              | CUSIP: 45781M101<br>LEI: 549300ACOX4QTBES6535 | Long             | EC               | CORP              | US        |      8077 | NS      | $165013.11    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Winmark Corp.                                 | WINMARK CORP              | CUSIP: 974250102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       423 | NS      | $196204.32    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| NETSTREIT Corp.                               | NETSTREIT CORP            | CUSIP: 64119V303<br>LEI: 254900CJL0EDMEQ25Q84 | Long             | EC               | CORP              | US        |     11827 | NS      | $216315.83    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Financial Institutions Inc.                   | FINANCIAL INST            | CUSIP: 317585404<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      6333 | NS      | $175234.11    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Jacobs Solutions Inc.                         | JACOBS SOLUTIONS          | CUSIP: 46982L108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1580 | NS      | $231043.40    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Cheesecake Factory Inc                        | CHEESECAKE FACTO          | CUSIP: 163072101<br>LEI: 529900872XMLK10SY247 | Long             | EC               | CORP              | US        |      3034 | NS      | $186469.64    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Interactive Brokers Group Inc                 | INTERACTIVE BROK          | CUSIP: 45841N107<br>LEI: 5493004DT6DCDUZNDM53 | Long             | EC               | CORP              | US        |      3204 | NS      | $199416.96    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| ESAB Corp.                                    | ESAB CORP                 | CUSIP: 29605J106<br>LEI: 549300ZNV0SWBXEIWT04 | Long             | EC               | CORP              | US        |      1331 | NS      | $153557.47    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Northrop Grumman Corporation                  | NORTHROP GRUMMAN          | CUSIP: 666807102<br>LEI: RIMU48P07456QXSO0R61 | Long             | EC               | CORP              | US        |       412 | NS      | $243096.48    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Evercore Inc                                  | EVERCORE INC              | CUSIP: 29977A105<br>LEI: 529900P6KLPT95DW3W58 | Long             | EC               | CORP              | US        |       505 | NS      | $162382.75    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Five Star Bancorp.                            | FIVE STAR BANCOR          | CUSIP: 33830T103<br>LEI: 5493008ZRBIHKWC0JA73 | Long             | EC               | CORP              | US        |      4232 | NS      | $138682.64    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Stride Inc                                    | STRIDE INC                | CUSIP: 86333M108<br>LEI: 254900BRWS3AFONWU277 | Long             | EC               | CORP              | US        |       835 | NS      | $136263.65    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Axsome Therapeutics Inc.                      | AXSOME THERAPEUT          | CUSIP: 05464T104<br>LEI: 549300EXGR0XLRJEIB95 | Long             | EC               | CORP              | US        |      1104 | NS      | $133893.12    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Ligand Pharmaceuticals Incorporated           | LIGAND PHARM              | CUSIP: 53220K504<br>LEI: 5493008K7TB0IKP37H79 | Long             | EC               | CORP              | US        |      1282 | NS      | $207312.22    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Granite Construction Inc                      | GRANITE CONSTR            | CUSIP: 387328107<br>LEI: 549300OM4BWMCIXVCZ39 | Long             | EC               | CORP              | US        |      1794 | NS      | $193303.50    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| BJ Wholesale Club Holdings Inc                | BJ'S WHOLESALE C          | CUSIP: 05550J101<br>LEI: 549300UCIWH1C93V0J03 | Long             | EC               | CORP              | US        |      1731 | NS      | $169084.08    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Performance Food Group Co.                    | PERFORMANCE FOOD          | CUSIP: 71377A103<br>LEI: 549300EUK8GR9IT1YK57 | Long             | EC               | CORP              | US        |      2049 | NS      | $207768.60    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Central Pacific Financial Corp.               | CENTRAL PACIFIC           | CUSIP: 154760409<br>LEI: 549300W3YEAOZ4KGG849 | Long             | EC               | CORP              | US        |      5604 | NS      | $175517.28    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Guidewire Software Inc                        | GUIDEWIRE SOFTWA          | CUSIP: 40171V100<br>LEI: 549300WXSG0J8IXZCK32 | Long             | EC               | CORP              | US        |       898 | NS      | $194883.96    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| 1st Source Corporation                        | 1ST SOURCE CORP           | CUSIP: 336901103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2982 | NS      | $192100.44    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Amalgamated Financial Corp.                   | AMALGAMATED FINA          | CUSIP: 022671101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4896 | NS      | $141445.44    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Everquote Inc                                 | EVERQUOTE INC-A           | CUSIP: 30041R108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3943 | NS      | $91674.75     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| TTM Technologies Inc                          | TTM TECHNOLOGIES          | CUSIP: 87305R109<br>LEI: 549300SC4BDOIS008048 | Long             | EC               | CORP              | US        |      3360 | NS      | $149755.20    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Citizens Financial Group Inc                  | CITIZENS FINANCI          | CUSIP: 174610105<br>LEI: 2138004JDDA4ZQUPFW65 | Long             | EC               | CORP              | US        |      5352 | NS      | $279802.56    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Waste Management, Inc.                        | WASTE MANAGEMENT          | CUSIP: 94106L109<br>LEI: 549300YX8JIID70NFS41 | Long             | EC               | CORP              | US        |       974 | NS      | $220503.86    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Antero Midstream Corporation                  | ANTERO MIDSTREAM          | CUSIP: 03676B102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      7924 | NS      | $140967.96    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| WisdomTree, Inc.                              | WISDOMTREE INC            | CUSIP: 97717P104<br>LEI: 549300WIU8IS7UFO7871 | Long             | EC               | CORP              | US        |     18560 | NS      | $252601.60    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Fabrinet                                      | FABRINET                  | CUSIP: G3323L100<br>LEI: 5493004TETZ6IYF7CV44 | Long             | EC               | CORP              | KY        |       463 | NS      | $153387.27    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| McGrath RentCorp.                             | MCGRATH RENTCORP          | CUSIP: 580589109<br>LEI: 254900EUH6IPWFQ83445 | Long             | EC               | CORP              | US        |      1189 | NS      | $144451.61    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| KeyCorp                                       | KEYCORP                   | CUSIP: 493267108<br>LEI: RKPI3RZGV1V1FJTH5T61 | Long             | EC               | CORP              | US        |      9710 | NS      | $187985.60    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Skywest Inc                                   | SKYWEST INC               | CUSIP: 830879102<br>LEI: 529900UYS2KGS6Z42P09 | Long             | EC               | CORP              | US        |      1715 | NS      | $208201.00    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Quest Diagnostics Incorporated                | QUEST DIAGNOSTIC          | CUSIP: 74834L100<br>LEI: 8MCWUBXQ0WE04KMXBX50 | Long             | EC               | CORP              | US        |      1036 | NS      | $188179.04    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| NVent Electric PLC                            | NVENT ELECTRIC            | CUSIP: G6700G107<br>LEI: N/A                  | Long             | EC               | CORP              | IE        |      1540 | NS      | $139200.60    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Spotify Technology S.A.                       | SPOTIFY TECHNOLO          | CUSIP: L8681T102<br>LEI: 549300B4X0JHWV0DTD60 | Long             | EC               | CORP              | LU        |       150 | NS      | $102282.00    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Wintrust Financial Corporation                | WINTRUST FINL             | CUSIP: 97650W108<br>LEI: Q774KI4AW80FHFW33O61 | Long             | EC               | CORP              | US        |      1226 | NS      | $168317.54    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Life360 Inc.                                  | LIFE360 INC               | CUSIP: 532206109<br>LEI: 254900VO9VDOQBQAHF07 | Long             | EC               | CORP              | US        |      1929 | NS      | $174468.41    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Take-Two Interactive Software Inc.            | TAKE-TWO INTERAC          | CUSIP: 874054109<br>LEI: BOMSTHHJK882EWYX3334 | Long             | EC               | CORP              | US        |       900 | NS      | $209943.00    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Great Southern Bancorp Inc.                   | GREAT SOUTHN BAN          | CUSIP: 390905107<br>LEI: 5493000ZL7DLNMN1AB26 | Long             | EC               | CORP              | US        |      2004 | NS      | $126833.16    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Adtalem Global Education Inc                  | ADTALEM GLOBAL E          | CUSIP: 00737L103<br>LEI: 549300Z467EZLMODV621 | Long             | EC               | CORP              | US        |       855 | NS      | $111962.25    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Cloudflare Inc                                | CLOUDFLARE INC-A          | CUSIP: 18915M107<br>LEI: 5493007DY18BGNLDWU14 | Long             | EC               | CORP              | US        |       833 | NS      | $173855.43    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Four Corners Property Trust Inc.              | FOUR CORNERS PRO          | CUSIP: 35086T109<br>LEI: 549300SVTPZPBDVNER42 | Long             | EC               | CORP              | US        |      7275 | NS      | $188349.75    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Bancorp Inc                                   | BANCORP INC/THE           | CUSIP: 05969A105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2834 | NS      | $216064.16    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Xcel Energy Inc                               | XCEL ENERGY INC           | CUSIP: 98389B100<br>LEI: LGJNMI9GH8XIDG5RCM61 | Long             | EC               | CORP              | US        |      2872 | NS      | $207904.08    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Globe Life Inc                                | GLOBE LIFE INC            | CUSIP: 37959E102<br>LEI: 5493001JFHKQOPP6XA71 | Long             | EC               | CORP              | US        |      1354 | NS      | $189492.30    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| The Allstate Corporation                      | ALLSTATE CORP             | CUSIP: 020002101<br>LEI: OBT0W1ED8G0NWVOLOJ77 | Long             | EC               | CORP              | US        |      1301 | NS      | $264688.45    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Primoris Services Corp.                       | PRIMORIS SERVICE          | CUSIP: 74164F103<br>LEI: 549300UF3OLBJ8D5K349 | Long             | EC               | CORP              | US        |      1743 | NS      | $206632.65    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| LPL Financial Holdings Inc.                   | LPL FINANCIAL HO          | CUSIP: 50212V100<br>LEI: 549300XROQ4Y8G2L7682 | Long             | EC               | CORP              | US        |       392 | NS      | $142876.16    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Apollo Commercial Real Estate Finance, Inc.   | APOLLO COMMERCIA          | CUSIP: 03762U105<br>LEI: 549300E0AN7M2AQHSY29 | Long             | EC               | CORP              | US        |     21927 | NS      | $232206.93    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Wesco International, Inc.                     | WESCO INTL                | CUSIP: 95082P105<br>LEI: 529900TXOGREY3WNJ434 | Long             | EC               | CORP              | US        |       888 | NS      | $195217.92    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Synovus Financial Corp.                       | SYNOVUS FINL              | CUSIP: 87161C501<br>LEI: 549300EIUS8UN5JTLE54 | Long             | EC               | CORP              | US        |      2949 | NS      | $152197.89    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Welltower OP LLC                              | WELLTOWER INC             | CUSIP: 95040Q104<br>LEI: T6IZ0MBEG5ACZDTR7D06 | Long             | EC               | CORP              | US        |      1106 | NS      | $186117.68    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Crown Holdings Inc                            | CROWN HOLDINGS I          | CUSIP: 228368106<br>LEI: NYLWZIOY8PUNIT4JOE22 | Long             | EC               | CORP              | US        |      2263 | NS      | $224896.94    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Sysco Corporation                             | SYSCO CORP                | CUSIP: 871829107<br>LEI: 5RGWIFLMGH3YS7KWI652 | Long             | EC               | CORP              | US        |      3602 | NS      | $289852.94    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| OSI System Inc.                               | OSI SYSTEMS INC           | CUSIP: 671044105<br>LEI: DDX3MPX1Y8YD30050X33 | Long             | EC               | CORP              | US        |       505 | NS      | $116175.25    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Ennis Inc                                     | ENNIS INC                 | CUSIP: 293389102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      8816 | NS      | $161068.32    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Huron Consulting Group Inc.                   | HURON CONSULTING          | CUSIP: 447462102<br>LEI: 549300NGVB9H6TKTLE36 | Long             | EC               | CORP              | US        |      1436 | NS      | $196674.56    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| BancFirst Corp.                               | BANCFIRST CORP            | CUSIP: 05945F103<br>LEI: 549300EJEHGBP4IO2J30 | Long             | EC               | CORP              | US        |      1399 | NS      | $186025.03    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Pilgrims Pride Corporation                    | PILGRIM'S PRIDE           | CUSIP: 72147K108<br>LEI: 549300ZSLGV64ZL3HD75 | Long             | EC               | CORP              | US        |      2212 | NS      | $98323.40     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Sabra Health Care REIT, Inc.                  | SABRA HEALTH CAR          | CUSIP: 78573L106<br>LEI: 549300E3BC7GU7TAZ621 | Long             | EC               | CORP              | US        |     12806 | NS      | $244722.66    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Spire Inc                                     | SPIRE INC                 | CUSIP: 84857L101<br>LEI: 549300NXSY15DRY2R511 | Long             | EC               | CORP              | US        |      2532 | NS      | $193951.20    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Mercury General Corporation                   | MERCURY GEN CORP          | CUSIP: 589400100<br>LEI: 5493001Q9EXPCEL4W527 | Long             | EC               | CORP              | US        |      2081 | NS      | $160923.73    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Argan Inc                                     | ARGAN INC                 | CUSIP: 04010E109<br>LEI: 529900E4KZWBV9KGBS83 | Long             | EC               | CORP              | US        |       644 | NS      | $146973.68    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| DNOW Inc.                                     | DNOW INC                  | CUSIP: 67011P100<br>LEI: 549300AVH5SOCFVVDW91 | Long             | EC               | CORP              | US        |      9438 | NS      | $151008.00    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Core & Main Inc                               | CORE & MAIN IN-A          | CUSIP: 21874C102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3485 | NS      | $225549.20    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| BAR Harbour Banksh                            | BAR HARBOR BNKSH          | CUSIP: 066849100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3358 | NS      | $108362.66    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Camden National Corp.                         | CAMDEN NATIONAL           | CUSIP: 133034108<br>LEI: 549300ZVEDL2L8UW4F28 | Long             | EC               | CORP              | US        |      3649 | NS      | $149207.61    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Boston Scientific Corporation                 | BOSTON SCIENTIFC          | CUSIP: 101137107<br>LEI: Y6ZDD9FP4P8JSSJMW954 | Long             | EC               | CORP              | US        |      3328 | NS      | $351104.00    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Trustmark Corp                                | TRUSTMARK CORP            | CUSIP: 898402102<br>LEI: 5493000HPQ4D2RZ79739 | Long             | EC               | CORP              | US        |      4669 | NS      | $188020.63    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Shake Shack Inc                               | SHAKE SHACK IN-A          | CUSIP: 819047101<br>LEI: 529900J74GJAHYP80N79 | Long             | EC               | CORP              | US        |      1166 | NS      | $123596.00    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| NiSource Inc.                                 | NISOURCE INC              | CUSIP: 65473P105<br>LEI: 549300D8GOWWH0SJB189 | Long             | EC               | CORP              | US        |      7200 | NS      | $304344.00    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Peoples Bancorp Inc. (Ohio)                   | PEOPLES BANC INC          | CUSIP: 709789101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4859 | NS      | $150337.46    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Trustco Bank Corp NY                          | TRUSTCO BANK NY           | CUSIP: 898349204<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5226 | NS      | $207942.54    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| PC Connection Inc.                            | PC CONNECTION             | CUSIP: 69318J100<br>LEI: 5299005WPRNIXDV2KM73 | Long             | EC               | CORP              | US        |      2106 | NS      | $135226.26    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| TKO Group Holdings Inc.                       | TKO GROUP HOLDIN          | CUSIP: 87256C101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1141 | NS      | $216287.96    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| The Hartford Insurance Group Inc.             | HARTFORD INSURAN          | CUSIP: 416515104<br>LEI: IU7C3FTM7Y3BQM112U94 | Long             | EC               | CORP              | US        |      2073 | NS      | $274278.63    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Northeast Bank                                | NORTHEAST BANK            | CUSIP: 66405S100<br>LEI: 549300F0LV9TSW34E306 | Long             | EC               | CORP              | US        |      2162 | NS      | $239030.72    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Newmarket Corporation                         | NEWMARKET CORP            | CUSIP: 651587107<br>LEI: 54930082CG88ERDREQ47 | Long             | EC               | CORP              | US        |       389 | NS      | $321687.44    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Live Nation Entertainment, Inc.               | LIVE NATION ENTE          | CUSIP: 538034109<br>LEI: 5493007B9BM9ZXJINO78 | Long             | EC               | CORP              | US        |      1021 | NS      | $169986.29    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Capital Bancshares, Inc.                | TEXAS CAPITAL BA          | CUSIP: 88224Q107<br>LEI: 549300466Q2SXRX0YM48 | Long             | EC               | CORP              | US        |      1735 | NS      | $150198.95    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| IMAX Corporation                              | IMAX CORP                 | CUSIP: 45245E109<br>LEI: 5493002KS2T1Q0X7VZ21 | Long             | EC               | CORP              | CA        |      5645 | NS      | $161221.20    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Analog Devices Inc.                           | ANALOG DEVICES            | CUSIP: 032654105<br>LEI: GYVOE5EZ4GDAVTU4CQ61 | Long             | EC               | CORP              | US        |       881 | NS      | $221404.11    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| JBT Marel Corp.                               | JBT MAREL CORP            | CUSIP: 477839104<br>LEI: 5493007CT6ATBZ2L6826 | Long             | EC               | CORP              | US        |      1299 | NS      | $186133.71    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| KLA Corp.                                     | KLA CORP                  | CUSIP: 482480100<br>LEI: 549300H0BF5JCG96TJ81 | Long             | EC               | CORP              | US        |       221 | NS      | $192712.00    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Palo Alto Networks Inc                        | PALO ALTO NETWOR          | CUSIP: 697435105<br>LEI: 549300QXR2YVZV231H43 | Long             | EC               | CORP              | US        |       903 | NS      | $172039.56    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Hasbro Inc                                    | HASBRO INC                | CUSIP: 418056107<br>LEI: 549300NUB6D2R1ITYR45 | Long             | EC               | CORP              | US        |      2764 | NS      | $224353.88    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| First Bancorp Puerto Rico                     | FIRST BANCORP PR          | CUSIP: 318672706<br>LEI: N/A                  | Long             | EC               | CORP              | PR        |      9255 | NS      | $205738.65    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Verisign, Inc.                                | VERISIGN INC              | CUSIP: 92343E102<br>LEI: LMPL4N8ZOJRMF0KOF759 | Long             | EC               | CORP              | US        |       789 | NS      | $215688.93    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| GCM Grosvenor Inc                             | GCM GROSVENOR-A           | CUSIP: 36831E108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     13567 | NS      | $175828.32    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Mirion Technologies Inc                       | MIRION TECHNOLOG          | CUSIP: 60471A101<br>LEI: 549300BNTOWVWFNVTJ65 | Long             | EC               | CORP              | US        |     11594 | NS      | $237677.00    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Emerson Electric Co.                          | EMERSON ELEC CO           | CUSIP: 291011104<br>LEI: FGLT0EWZSUIRRITFOA30 | Long             | EC               | CORP              | US        |      2134 | NS      | $281688.00    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Dorman Products Inc.                          | DORMAN PRODUCTS           | CUSIP: 258278100<br>LEI: 2549000O0BBUX740XR59 | Long             | EC               | CORP              | US        |      1408 | NS      | $227800.32    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Flex Ltd.                                     | FLEX LTD                  | CUSIP: Y2573F102<br>LEI: 549300EAQH74YHD07T53 | Long             | EC               | CORP              | SG        |      3774 | NS      | $202361.88    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Independent Bank Corp Michigan                | INDEP BANK/MICH           | CUSIP: 453838609<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4361 | NS      | $143433.29    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Regency Centers Corp.                         | REGENCY CENTERS           | CUSIP: 758849103<br>LEI: 529900053A7X7FJ97S58 | Long             | EC               | CORP              | US        |      2803 | NS      | $203217.50    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Cencora Inc                                   | CENCORA INC               | CUSIP: 03073E105<br>LEI: AI8GXW8LG5WK7E9UD086 | Long             | EC               | CORP              | US        |       859 | NS      | $250492.99    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Mid Penn Bancorp Inc.                         | MID PENN BANCORP          | CUSIP: 59540G107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5833 | NS      | $175806.62    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Yum! Brands Inc.                              | YUM! BRANDS INC           | CUSIP: 988498101<br>LEI: 549300JE8XHZZ7OHN517 | Long             | EC               | CORP              | US        |      1519 | NS      | $223247.43    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| DTE Energy Co.                                | DTE ENERGY CO             | CUSIP: 233331107<br>LEI: 549300IX8SD6XXD71I78 | Long             | EC               | CORP              | US        |      1666 | NS      | $227658.90    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Essential Properties Realty Trust Inc.        | ESSENTIAL PROPER          | CUSIP: 29670E107<br>LEI: 2549009LXQLVYCGLZO50 | Long             | EC               | CORP              | US        |      6241 | NS      | $195468.12    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Heico Corp                                    | HEICO CORP                | CUSIP: 422806109<br>LEI: 529900O1DTDLCJ7L0I14 | Long             | EC               | CORP              | US        |       785 | NS      | $244935.70    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Artisan Partners Asset Management Inc.        | ARTISAN PARTNE-A          | CUSIP: 04316A108<br>LEI: 549300T1FUI6JF63XU51 | Long             | EC               | CORP              | US        |      4960 | NS      | $232078.40    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Insteel Industries Inc.                       | INSTEEL INDS              | CUSIP: 45774W108<br>LEI: 52990026LKY4MOX3L174 | Long             | EC               | CORP              | US        |      5629 | NS      | $216041.02    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| S&T Bancorp Inc                               | S & T BANCORP             | CUSIP: 783859101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3984 | NS      | $157407.84    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Western Digital Corp.                         | WESTERN DIGITAL           | CUSIP: 958102105<br>LEI: 549300QQXOOYEF89IC56 | Long             | EC               | CORP              | US        |      3185 | NS      | $255882.90    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Service Corporation International             | SERVICE CORP INT          | CUSIP: 817565104<br>LEI: 549300RKVM2ME20JHZ15 | Long             | EC               | CORP              | US        |      2446 | NS      | $193845.50    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| SS&C Technologies Holdings Inc.               | SS&C TECHNOLOGIE          | CUSIP: 78467J100<br>LEI: 529900POY8H7NPPNKK71 | Long             | EC               | CORP              | US        |      2869 | NS      | $254365.54    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| eBay Inc.                                     | EBAY INC                  | CUSIP: 278642103<br>LEI: OML71K8X303XQONU6T67 | Long             | EC               | CORP              | US        |      2053 | NS      | $186022.33    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Renaissancere Holdings Ltd.                   | RENAISSANCERE             | CUSIP: G7496G103<br>LEI: EK6GB9U3U58PDI411C94 | Long             | EC               | CORP              | BM        |       654 | NS      | $158915.46    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Allegion PLC                                  | ALLEGION PLC              | CUSIP: G0176J109<br>LEI: 984500560CAC2E6FB757 | Long             | EC               | CORP              | IE        |      1836 | NS      | $311752.80    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Accel Entertainment Inc                       | ACCEL ENTERTAINMENT INC   | CUSIP: 00436Q106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     18539 | NS      | $214867.01    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Expand Energy Corp.                           | EXPAND ENERGY CO          | CUSIP: 165167735<br>LEI: X2MT1W32SPAZ9WSKLE78 | Long             | EC               | CORP              | US        |      1049 | NS      | $101522.22    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Universal Corporation                         | UNIVERSAL CORP            | CUSIP: 913456109<br>LEI: 549300BZXZ66F6DTIF20 | Long             | EC               | CORP              | US        |      2938 | NS      | $164381.10    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Stryker Corporation                           | STRYKER CORP              | CUSIP: 863667101<br>LEI: 5493002F0SC4JTBU5137 | Long             | EC               | CORP              | US        |       549 | NS      | $214884.09    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Knowles Corporation                           | KNOWLES CORP              | CUSIP: 49926D109<br>LEI: 5493003EO323TDZQU148 | Long             | EC               | CORP              | US        |      9164 | NS      | $195651.40    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| ESCO Technologies Inc.                        | ESCO TECH INC             | CUSIP: 296315104<br>LEI: 5493007JJLP5MEWVDH10 | Long             | EC               | CORP              | US        |       791 | NS      | $158919.81    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Diebold Nixdorf Incorporated                  | DIEBOLD NIXDORF           | CUSIP: 253651202<br>LEI: 549300XZK6EWDBAZSY16 | Long             | EC               | CORP              | US        |      2755 | NS      | $168358.05    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Brookfield Renewable Corporation              | BROOKFIELD RENEW          | CUSIP: 11285B108<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |      5111 | NS      | $172240.70    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Sterling Infrastructure Inc                   | STERLING INFRAST          | CUSIP: 859241101<br>LEI: 549300RZIK6K1215XU51 | Long             | EC               | CORP              | US        |       703 | NS      | $195806.59    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Cardinal Health, Inc.                         | CARDINAL HEALTH           | CUSIP: 14149Y108<br>LEI: CCU46N3GJMF4OK4N7U60 | Long             | EC               | CORP              | US        |      1667 | NS      | $248016.26    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| IDT Corp                                      | IDT CORP-CLASS B          | CUSIP: 448947507<br>LEI: 549300JNTN7ZMJDFCL56 | Long             | EC               | CORP              | US        |      3182 | NS      | $203870.74    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| ONE Gas, Inc.                                 | ONE GAS INC               | CUSIP: 68235P108<br>LEI: 549300HXDWI0LATTX840 | Long             | EC               | CORP              | US        |      3222 | NS      | $246483.00    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Belden Inc.                                   | BELDEN INC                | CUSIP: 077454106<br>LEI: 68BKYO1JC791TTJHUE82 | Long             | EC               | CORP              | US        |      1182 | NS      | $153896.40    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Rex American Resources Corp                   | REX AMERICAN RES          | CUSIP: 761624105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2816 | NS      | $176197.12    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| German American Bancorp Inc.                  | GERMAN AMER BNCP          | CUSIP: 373865104<br>LEI: 5493002JDOI3GTNVUD76 | Long             | EC               | CORP              | US        |      3203 | NS      | $133821.34    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Royal Gold, Inc.                              | ROYAL GOLD INC            | CUSIP: 780287108<br>LEI: 5493001NGRU6SFL04184 | Long             | EC               | CORP              | US        |      1024 | NS      | $183889.92    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Origin Bancorp Inc                            | ORIGIN BANCORP I          | CUSIP: 68621T102<br>LEI: 54930055DO2Z4KO3NB45 | Long             | EC               | CORP              | US        |      3923 | NS      | $152565.47    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Ovintiv Inc                                   | OVINTIV INC               | CUSIP: 69047Q102<br>LEI: 2549003MEX7YMKLGI239 | Long             | EC               | CORP              | US        |      1398 | NS      | $58883.76     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Liberty Media Corp Del                        | LIBERTY MEDIA CO          | CUSIP: 531229771<br>LEI: 549300ZKUTPIBZLWLL89 | Long             | EC               | CORP              | US        |      2867 | NS      | $258374.04    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Ingredion Incorporated                        | INGREDION INC             | CUSIP: 457187102<br>LEI: PKSTQ48QDN0XSVS7YK88 | Long             | EC               | CORP              | US        |       831 | NS      | $107647.74    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| TechnipFMC PLC                                | TECHNIPFMC PLC            | CUSIP: G87110105<br>LEI: 549300D5I93QWCJTCK36 | Long             | EC               | CORP              | GB        |      5679 | NS      | $208760.04    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| National Fuel Gas Company                     | NATL FUEL GAS CO          | CUSIP: 636180101<br>LEI: 8JB38FFW1Y3C1HM8E841 | Long             | EC               | CORP              | US        |      2725 | NS      | $236366.50    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Trimas Corporation                            | TRIMAS CORP               | CUSIP: 896215209<br>LEI: 75G1WUQ8QK4P5MZOYD78 | Long             | EC               | CORP              | US        |      5607 | NS      | $216822.69    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Expedia Group Inc                             | EXPEDIA GROUP IN          | CUSIP: 30212P303<br>LEI: CI7MUJI4USF3V0NJ1H64 | Long             | EC               | CORP              | US        |       684 | NS      | $146923.20    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Banner Corp                                   | BANNER CORPORATI          | CUSIP: 06652V208<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2431 | NS      | $162949.93    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| BWX Technologies Inc.                         | BWX TECHNOLOGIES          | CUSIP: 05605H100<br>LEI: 549300NP85N265KWMS58 | Long             | EC               | CORP              | US        |       582 | NS      | $94307.28     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Nicolet Bankshares Inc.                       | NICOLET BANKSHAR          | CUSIP: 65406E102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1372 | NS      | $189733.88    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Rhythm Pharmaceuticals Inc                    | RHYTHM PHARMACEU          | CUSIP: 76243J105<br>LEI: 529900JPNWXQ8DPLA551 | Long             | EC               | CORP              | US        |      1389 | NS      | $143275.35    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Gaming and Leisure Properties Inc             | GAMING AND LEISU          | CUSIP: 36467J108<br>LEI: 5493006GWRDBCZYWTM57 | Long             | EC               | CORP              | US        |      3665 | NS      | $175956.65    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Quanta Services, Inc.                         | QUANTA SERVICES           | CUSIP: 74762E102<br>LEI: SHVRXXEACT60MMH07S24 | Long             | EC               | CORP              | US        |       489 | NS      | $184822.44    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Vulcan Materials Company                      | VULCAN MATERIALS          | CUSIP: 929160109<br>LEI: 549300Q8LSNHAVWBNI21 | Long             | EC               | CORP              | US        |       743 | NS      | $216331.88    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Duke Energy Corp                              | DUKE ENERGY CORP          | CUSIP: 26441C204<br>LEI: I1BZKREC126H0VB1BL91 | Long             | EC               | CORP              | US        |      2101 | NS      | $257351.49    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| StoneX Group Inc                              | STONEX GROUP INC          | CUSIP: 861896108<br>LEI: 549300JUF07L8VF02M60 | Long             | EC               | CORP              | US        |      1537 | NS      | $157035.29    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| OUTFRONT Media Inc                            | OUTFRONT MEDIA I          | CUSIP: 69007J304<br>LEI: 549300RZWDYU5722I639 | Long             | EC               | CORP              | US        |      7508 | NS      | $140249.44    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| CBL & Associates Properties, Inc.             | CBL & ASSOC PROP          | CUSIP: 124830878<br>LEI: 529900EIVFBRS4PUBZ13 | Long             | EC               | CORP              | US        |      5742 | NS      | $182882.70    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Itron, Inc.                                   | ITRON INC                 | CUSIP: 465741106<br>LEI: 24F6LSZD18II6ICG6S41 | Long             | EC               | CORP              | US        |      1940 | NS      | $238503.60    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| American International Group Inc.             | AMERICAN INTERNA          | CUSIP: 026874784<br>LEI: ODVCVCQG2BP6VHV36M30 | Long             | EC               | CORP              | US        |      2987 | NS      | $242902.84    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Duolingo Inc                                  | DUOLINGO                  | CUSIP: 26603R106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       389 | NS      | $115867.54    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Ubiquiti Inc                                  | UBIQUITI INC              | CUSIP: 90353W103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       374 | NS      | $197520.62    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Rush Enterprises Inc.                         | RUSH ENTER-CL B           | CUSIP: 781846308<br>LEI: 529900V3XHTN7A6DFT17 | Long             | EC               | CORP              | US        |      2611 | NS      | $151542.44    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| NRG Energy, Inc.                              | NRG ENERGY                | CUSIP: 629377508<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | EC               | CORP              | US        |       815 | NS      | $118631.40    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| EQT Corporation                               | EQT CORP                  | CUSIP: 26884L109<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | EC               | CORP              | US        |      2877 | NS      | $149143.68    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Taylor Morrison Home Corp                     | TAYLOR MORRISON           | CUSIP: 87724P106<br>LEI: 5299009UDLLGLKOOJE30 | Long             | EC               | CORP              | US        |      2575 | NS      | $173477.75    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| AvePoint Inc.                                 | AVEPOINT INC              | CUSIP: 053604104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      8522 | NS      | $139419.92    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Reliance Inc                                  | RELIANCE INC              | CUSIP: 759509102<br>LEI: 549300E287ZOFT3C5Z56 | Long             | EC               | CORP              | US        |       693 | NS      | $204892.38    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| AutoNation, Inc.                              | AUTONATION INC            | CUSIP: 05329W102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       793 | NS      | $173730.44    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Ryan Specialty Holdings Inc                   | RYAN SPECIALTY H          | CUSIP: 78351F107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1483 | NS      | $83833.99     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Carriage Services, Inc.                       | CARRIAGE SERVICE          | CUSIP: 143905107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5224 | NS      | $228706.72    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Hilton Worldwide Holdings Inc                 | HILTON WORLDWIDE          | CUSIP: 43300A203<br>LEI: 549300HVGPK36ICB0B89 | Long             | EC               | CORP              | US        |       983 | NS      | $271366.98    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Gen Digital Inc                               | GEN DIGITAL INC           | CUSIP: 668771108<br>LEI: YF6ZV0M6AU4FY94MK914 | Long             | EC               | CORP              | US        |      5861 | NS      | $177002.20    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| The Progressive Corporation                   | PROGRESSIVE CORP          | CUSIP: 743315103<br>LEI: 529900TACNVLY9DCR586 | Long             | EC               | CORP              | US        |      1090 | NS      | $269295.40    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Golar LNG Limited                             | GOLAR LNG LTD             | CUSIP: G9456A100<br>LEI: 213800C2VSFZG3EZLO34 | Long             | EC               | CORP              | BM        |      3475 | NS      | $152274.50    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Nlight Inc.                                   | NLIGHT INC                | CUSIP: 65487K100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      7633 | NS      | $219830.40    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Cummins Inc.                                  | CUMMINS INC               | CUSIP: 231021106<br>LEI: ZUNI8PYC725B6H8JU438 | Long             | EC               | CORP              | US        |       554 | NS      | $220735.76    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| FirstEnergy Corp.                             | FIRSTENERGY CORP          | CUSIP: 337932107<br>LEI: 549300SVYJS666PQJH88 | Long             | EC               | CORP              | US        |      4979 | NS      | $217183.98    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| The Kroger Co.                                | KROGER CO                 | CUSIP: 501044101<br>LEI: 6CPEOKI6OYJ13Q6O7870 | Long             | EC               | CORP              | US        |      2668 | NS      | $180997.12    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Universal Technical Institute, Inc.           | UNIVERSAL TECHNI          | CUSIP: 913915104<br>LEI: 2549003YOJGAZ0PVFV48 | Long             | EC               | CORP              | US        |      6312 | NS      | $167836.08    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| CRA International Inc.                        | CRA INTERNATIONA          | CUSIP: 12618T105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1040 | NS      | $201510.40    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Business First Bancshares Inc.                | BUSINESS FIRST B          | CUSIP: 12326C105<br>LEI: 549300ILTC50KHDX4A08 | Long             | EC               | CORP              | US        |      6527 | NS      | $163240.27    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Capital City Bank Group Inc.                  | CAP CITY BANK             | CUSIP: 139674105<br>LEI: 254900NVLVUJQZKTQE82 | Long             | EC               | CORP              | US        |      3484 | NS      | $152808.24    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Royal Caribbean Group                         | ROYAL CARIBBEAN           | CUSIP: V7780T103<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | EC               | CORP              | LR        |       558 | NS      | $202676.76    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Elanco Animal Health Inc                      | ELANCO ANIMAL HE          | CUSIP: 28414H103<br>LEI: 549300SHPNDCE059M934 | Long             | EC               | CORP              | US        |      7995 | NS      | $146708.25    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Planet Fitness Inc.                           | PLANET FITNESS-A          | CUSIP: 72703H101<br>LEI: 549300LLE5HUPF6H8G33 | Long             | EC               | CORP              | US        |      1536 | NS      | $160972.80    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Radnet Inc                                    | RADNET INC                | CUSIP: 750491102<br>LEI: 529900RECG94V2IZJ970 | Long             | EC               | CORP              | US        |      2367 | NS      | $169855.92    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| The TJX Companies Inc.                        | TJX COS INC               | CUSIP: 872540109<br>LEI: V167QI9I69W364E2DY52 | Long             | EC               | CORP              | US        |      2359 | NS      | $322262.99    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Invesco Ltd                                   | INVESCO LTD               | CUSIP: G491BT108<br>LEI: ECPGFXU8A2SHKVVGJI15 | Long             | EC               | CORP              | BM        |      8978 | NS      | $196528.42    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Dillards, Inc.                                | DILLARDS INC-A            | CUSIP: 254067101<br>LEI: 529900FGYKMWL6019P91 | Long             | EC               | CORP              | US        |       317 | NS      | $168922.96    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Curtiss-Wright Corp.                          | CURTISS-WRIGHT            | CUSIP: 231561101<br>LEI: TEL51ETZWP7D0ZM4X325 | Long             | EC               | CORP              | US        |       451 | NS      | $215645.65    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Intercontinental Exchange Inc                 | INTERCONTINENTAL          | CUSIP: 45866F104<br>LEI: 5493000F4ZO33MV32P92 | Long             | EC               | CORP              | US        |      1561 | NS      | $275672.60    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Northwest Bancshares Inc                      | NORTHWEST BANCSH          | CUSIP: 667340103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     10717 | NS      | $135570.05    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Hawkins Inc                                   | HAWKINS INC               | CUSIP: 420261109<br>LEI: 549300VL3IJ23OWX1Y34 | Long             | EC               | CORP              | US        |       832 | NS      | $139218.56    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| RB Global Inc                                 | RB GLOBAL INC             | CUSIP: 74935Q107<br>LEI: 5493002H8U24DJXQ4886 | Long             | EC               | CORP              | CA        |      2564 | NS      | $293680.56    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Kratos Defense & Security Solutions, Inc.     | KRATOS DEFENSE &          | CUSIP: 50077B207<br>LEI: 5493000EKBN0UY1F3F88 | Long             | EC               | CORP              | US        |      1736 | NS      | $114298.24    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Ryder System, Inc.                            | RYDER SYSTEM INC          | CUSIP: 783549108<br>LEI: ZXJ6Y2OSPZXIVGRILD15 | Long             | EC               | CORP              | US        |      1286 | NS      | $241150.72    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Supernus Pharmaceuticals, Inc                 | SUPERNUS PHARMAC          | CUSIP: 868459108<br>LEI: 549300GRM36VBKISYJ58 | Long             | EC               | CORP              | US        |      3464 | NS      | $156295.68    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-09-26

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

**Signature:** Erik Naviloff

**Name of Signer:** Erik Naviloff

**Title:** Treasurer