# EDGAR Filing Document

**Accession Number:** 0001547580
**File Stem:** 0001004726-26-001283
**Filing Date:** 2026-2
**Character Count:** 101395
**Document Hash:** 54c0ef34f8355fbf7a666ebcedf3bc5b
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001004726-26-001283.hdr.sgml**: 20260227

**ACCESSION NUMBER**: 0001004726-26-001283

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260227

**DATE AS OF CHANGE**: 20260227

**PERIOD START**: 20260630

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Victory Portfolios II
- **CENTRAL INDEX KEY:** 0001547580

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0630

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22696
- **FILM NUMBER:** 26694446

**BUSINESS ADDRESS:**
- **STREET 1:** 4900 TIEDEMAN ROAD, 4TH FLOOR
- **CITY:** BROOKLYN
- **STATE:** OH
- **ZIP:** 44144
- **BUSINESS PHONE:** 216-898-2411

**MAIL ADDRESS:**
- **STREET 1:** 4900 TIEDEMAN ROAD, 4TH FLOOR
- **CITY:** BROOKLYN
- **STATE:** OH
- **ZIP:** 44144

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Compass EMP Funds Trust
- **DATE OF NAME CHANGE:** 20120417

## Series and Classes Contracts Data

### VictoryShares US Small Mid Cap Value Momentum ETF formerly VictoryShares USAA MSCI USA Small Cap Value Momentum ETF (Series ID: S000065161)

| Class ID   | Class Name                                                                                                          | Ticker Symbol   |
|:---|:---|:---|
| C000210930 | VictoryShares US Small Mid Cap Value Momentum ETF formerly VictoryShares USAA MSCI USA Small Cap Value Momentum ETF | USVM            |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Victory Portfolios II

- **b. Investment Company Act file number:** 811-22696

- **c. CIK number of Registrant:** 0001547580

- **d. LEI of Registrant:** 5493002SUQLUY3T5P040

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

  - **Street Address 1:** 15935 La Cantera Parkway Building Two

  - **City:** San Antonio

  - **State:** TX

  - **Foreign country:** US

  - **Zip / Postal Code:** 78256

  - **Telephone number:** 800-539-3863

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

- **a. Name of Series:** VictoryShares US Small Mid Cap Value Momentum ETF

- **b. EDGAR series identifier (if any):** S000065161

- **c. LEI of Series:** 549300DR31EXT2WMIN31

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

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

- **b. Date as of which information is reported:** 2025-12-31

**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:** $1229698159.64

**Total Liabilities:** $48348992.84

**Net Assets:** $1181349166.80

**Cash Not Reported:** $4972689.56

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000210930 | -1.48%               | 3.67%                | -0.69%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $5823.22                 | $-17440341.01                              |
| Month 2  | $1217652.82              | $38603998.99                               |
| Month 3  | $34490612.07             | $-44803751.27                              |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| KOHL'S CORPORATION                             | KOHL S CORP                           | CUSIP: 500255104<br>LEI: 549300JF6LPRTRJ0FH50 | Long             | EC               | CORP              | US        |     85126 | NS      | $1737421.66   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| HF SINCLAIR CORPORATION                        | HF SINCLAIR CORP                      | CUSIP: 403949100<br>LEI: 2549009G116AM01XHN24 | Long             | EC               | CORP              | US        |     82280 | NS      | $3791462.40   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| UNIVERSAL HEALTH SERVICES, INC.                | UNIVERSAL HEALTH SERVICES             | CUSIP: 913903100<br>LEI: 549300YGMGQDO0NMJD09 | Long             | EC               | CORP              | US        |     20385 | NS      | $4444337.70   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERICAN HEALTHCARE REIT, INC.                 | AMERICAN HEALTHCARE REIT INC          | CUSIP: 398182303<br>LEI: 2549004GGE2APGNT6O92 | Long             | EC               | CORP              | US        |    129432 | NS      | $6091069.92   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Rhythm Pharmaceuticals Inc                     | RHYTHM PHARMACEUTICALS INC            | CUSIP: 76243J105<br>LEI: 529900JPNWXQ8DPLA551 | Long             | EC               | CORP              | US        |     24893 | NS      | $2664546.72   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| CAL-MAINE FOODS, INC.                          | CAL MAINE FOODS INC                   | CUSIP: 128030202<br>LEI: 549300NHE5WMIEIEMF53 | Long             | EC               | CORP              | US        |     52141 | NS      | $4148859.37   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| KRATOS DEFENSE & SECURITY SOLUTIONS, INC.      | KRATOS DEFENSE SECURITY SOLUTIONS INC | CUSIP: 50077B207<br>LEI: 5493000EKBN0UY1F3F88 | Long             | EC               | CORP              | US        |     37737 | NS      | $2864615.67   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| SALLY BEAUTY HOLDINGS, INC.                    | SALLY BEAUTY HOLDINGS INC             | CUSIP: 79546E104<br>LEI: 529900VXW6E8ONDIQ271 | Long             | EC               | CORP              | US        |    185361 | NS      | $2643247.86   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| NewMarket Corporation                          | NEWMARKET CORP                        | CUSIP: 651587107<br>LEI: 54930082CG88ERDREQ47 | Long             | EC               | CORP              | US        |      8448 | NS      | $5805972.48   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| ARGAN, INC.                                    | ARGAN INC                             | CUSIP: 04010E109<br>LEI: 529900E4KZWBV9KGBS83 | Long             | EC               | CORP              | US        |      6315 | NS      | $1978615.80   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| ALBERTSONS COMPANIES, INC.                     | ALBERTSONS COS INC                    | CUSIP: 013091103<br>LEI: 549300YKWOC0AOR16R51 | Long             | EC               | CORP              | US        |    298246 | NS      | $5120883.82   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| THE ANDERSONS, INC                             | THE ANDERSONS INC                     | CUSIP: 034164103<br>LEI: L38MWB8MVRFV7HVJPU11 | Long             | EC               | CORP              | US        |     86303 | NS      | $4588730.51   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| PRIMORIS SERVICES CORPORATION                  | PRIMORIS SERVICES CORP                | CUSIP: 74164F103<br>LEI: 549300UF3OLBJ8D5K349 | Long             | EC               | CORP              | US        |     28596 | NS      | $3549907.44   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| VENTURE GLOBAL, INC.                           | VENTURE GLOBAL INC                    | CUSIP: 92333F101<br>LEI: 2549007XC91CAB3E0N98 | Long             | EC               | CORP              | US        |    279522 | NS      | $1906340.04   | 0.16%             |  |  |  | No            |                  1 | On Loan: —       |
| SPECTRUM BRANDS HOLDINGS, INC.                 | SPECTRUM BRANDS HOLDINGS INC          | CUSIP: 84790A105<br>LEI: 549300JM0MJETDD30O20 | Long             | EC               | CORP              | US        |     70875 | NS      | $4187295.00   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| NETSCOUT SYSTEMS, INC.                         | NETSCOUT SYSTEMS INC                  | CUSIP: 64115T104<br>LEI: 5493005HZXZ3SPNVCV76 | Long             | EC               | CORP              | US        |    201338 | NS      | $5448206.28   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| ALASKA AIR GROUP, INC.                         | ALASKA AIR GROUP INC                  | CUSIP: 011659109<br>LEI: 529900G48RT4KWLC6C27 | Long             | EC               | CORP              | US        |     71182 | NS      | $3580454.60   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| TTM TECHNOLOGIES, INC.                         | TTM TECHNOLOGIES                      | CUSIP: 87305R109<br>LEI: 549300SC4BDOIS008048 | Long             | EC               | CORP              | US        |     39063 | NS      | $2695347.00   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| INVESCO LTD                                    | INVESCO LIMITED                       | CUSIP: G491BT108<br>LEI: ECPGFXU8A2SHKVVGJI15 | Long             | EC               | CORP              | BM        |    164094 | NS      | $4310749.38   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| GUARDANT HEALTH, INC.                          | GUARDANT HEALTH INC                   | CUSIP: 40131M109<br>LEI: 254900M8C3E5VC8BR186 | Long             | EC               | CORP              | US        |     25127 | NS      | $2566471.78   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| DELEK US HOLDINGS, INC.                        | DELEK US HOLDINGS INC                 | CUSIP: 24665A103<br>LEI: 5493003O53JMENV1N385 | Long             | EC               | CORP              | US        |     67391 | NS      | $1998817.06   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| AVIS BUDGET GROUP, INC.                        | AVIS BUDGET GROUP INC                 | CUSIP: 053774105<br>LEI: 529900E95812SYWMCE44 | Long             | EC               | CORP              | US        |     19074 | NS      | $2447575.68   | 0.21%             |  |  |  | No            |                  1 | On Loan: —       |
| HERC HOLDINGS INC.                             | HERC HOLDINGS INC                     | CUSIP: 42704L104<br>LEI: 549300TP80QLITMSBP82 | Long             | EC               | CORP              | US        |     19720 | NS      | $2926053.60   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| BROOKDALE SENIOR LIVING INC.                   | BROOKDALE SENIOR LIVING INC           | CUSIP: 112463104<br>LEI: LH7MQB13NWY7CJ9VC445 | Long             | EC               | CORP              | US        |    349934 | NS      | $3775787.86   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| ALKERMES PUBLIC LIMITED COMPANY                | ALKERMES PLC                          | CUSIP: G01767105<br>LEI: N/A                  | Long             | EC               | CORP              | IE        |    152912 | NS      | $4278477.76   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Nextpower Inc                                  | NEXTPOWER INC CL A                    | CUSIP: 65290E101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     30941 | NS      | $2695270.51   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| AXOS FINANCIAL, INC.                           | AXOS FINANCIAL INC                    | CUSIP: 05465C100<br>LEI: 529900D8M56422GK9O25 | Long             | EC               | CORP              | US        |     58976 | NS      | $5081372.16   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| JACKSON FINANCIAL INC.                         | JACKSON FINANCIAL INC                 | CUSIP: 46817M107<br>LEI: 213800WXW2KG1N4CO374 | Long             | EC               | CORP              | US        |     43694 | NS      | $4659965.10   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| DOLBY LABORATORIES, INC.                       | DOLBY LABORATORIES INC                | CUSIP: 25659T107<br>LEI: 549300X04FB2QPCJ5J24 | Long             | EC               | CORP              | US        |     99651 | NS      | $6399587.22   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| CLEARWAY ENERGY, INC.                          | CLEARWAY ENERGY INC                   | CUSIP: 18539C204<br>LEI: 549300LHAZ9HA9G3XC48 | Long             | EC               | CORP              | US        |    154855 | NS      | $5150477.30   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| CELCUITY INC.                                  | CELCUITY INC                          | CUSIP: 15102K100<br>LEI: 25490070W7UU7W2SEY87 | Long             | EC               | CORP              | US        |     20722 | NS      | $2066812.28   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Dave Inc                                       | DAVE INC                              | CUSIP: 23834J201<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      9569 | NS      | $2118672.29   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| ARCBEST CORPORATION                            | ARCBEST CORP                          | CUSIP: 03937C105<br>LEI: 5493006S3KBNE8ZS3J23 | Long             | EC               | CORP              | US        |     43896 | NS      | $3256644.24   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| SIRIUSPOINT LTD.                               | SIRIUSPOINT LTD                       | CUSIP: G8192H106<br>LEI: 549300OGXFI85N3YZZ51 | Long             | EC               | CORP              | BM        |    250050 | NS      | $5473594.50   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| ARROW ELECTRONICS, INC.                        | ARROW ELECTRONICS INC                 | CUSIP: 042735100<br>LEI: 549300YNNLBXT8N8R512 | Long             | EC               | CORP              | US        |     46892 | NS      | $5166560.56   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| nLIGHT Inc                                     | NLIGHT INC                            | CUSIP: 65487K100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     59066 | NS      | $2215565.66   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Dorian LPG Ltd.                                | DORIAN LPG LTD                        | CUSIP: Y2106R110<br>LEI: 549300WP1W2WGMC7F395 | Long             | EC               | CORP              | MH        |    141069 | NS      | $3433619.46   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| HARLEY-DAVIDSON, INC.                          | HARLEY DAVIDSON INC                   | CUSIP: 412822108<br>LEI: ZDNAWZWXIKMWI51R2A08 | Long             | EC               | CORP              | US        |    144302 | NS      | $2956747.98   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| WEBSTER FINANCIAL CORPORATION                  | WEBSTER FINANCIAL CORP                | CUSIP: 947890109<br>LEI: KMRURHT0VWKYS6Z5KU67 | Long             | EC               | CORP              | US        |     72680 | NS      | $4574479.20   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| PHINIA INC.                                    | PHINIA INC                            | CUSIP: 71880K101<br>LEI: 254900HG6MORZE1FFM18 | Long             | EC               | CORP              | US        |     89764 | NS      | $5627305.16   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Post Holdings, Inc.                            | POST HOLDINGS INC                     | CUSIP: 737446104<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | EC               | CORP              | US        |     70001 | NS      | $6933599.05   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| AMKOR TECHNOLOGY, INC.                         | AMKOR TECHNOLOGY INC                  | CUSIP: 031652100<br>LEI: 529900VHLRTKPWZJBM84 | Long             | EC               | CORP              | US        |     74307 | NS      | $2933640.36   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| DAVITA INC.                                    | DAVITA INC                            | CUSIP: 23918K108<br>LEI: M2XHYMU3TZNEZURC6H66 | Long             | EC               | CORP              | US        |     47758 | NS      | $5425786.38   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| ATKORE INC                                     | ATKORE INC                            | CUSIP: 047649108<br>LEI: 52990002TI38AM4RPV48 | Long             | EC               | CORP              | US        |     46645 | NS      | $2950296.25   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| AXIS CAPITAL HOLDINGS LIMITED                  | AXIS CAPITAL HOLDINGS LTD             | CUSIP: G0692U109<br>LEI: 635400VD2NQBYAHMEM55 | Long             | EC               | CORP              | BM        |     62172 | NS      | $6657999.48   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| ESSENT GROUP LTD                               | ESSENT GROUP LTD                      | CUSIP: G3198U102<br>LEI: 254900QUO860OUT6ZF83 | Long             | EC               | CORP              | BM        |    121456 | NS      | $7895854.56   | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| TD SYNNEX CORPORATION                          | TD SYNNEX CORP                        | CUSIP: 87162W100<br>LEI: 5493004HI6PFLF46NS53 | Long             | EC               | CORP              | US        |     31615 | NS      | $4749521.45   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| SOLARIS ENERGY INFRASTRUCTURE, INC.            | SOLARIS ENERGY INFRASTRUCTURE INC     | CUSIP: 83418M103<br>LEI: 529900MTK3C8Y8TIIC10 | Long             | EC               | CORP              | US        |     43452 | NS      | $1997488.44   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| FLAGSTAR BANK, NATIONAL ASSOCIATION            | FLAGSTAR FINANCIAL INC                | CUSIP: 649445400<br>LEI: SS1TRMSN6BRNMOREEV51 | Long             | EC               | CORP              | US        |    383187 | NS      | $4824324.33   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Spire Inc.                                     | SPIRE INC                             | CUSIP: 84857L101<br>LEI: 549300NXSY15DRY2R511 | Long             | EC               | CORP              | US        |    102360 | NS      | $8465172.00   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| DOUGLAS EMMETT, INC.                           | DOUGLAS EMMETT INC                    | CUSIP: 25960P109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    395422 | NS      | $4345687.78   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| ASTRONICS CORPORATION                          | ASTRONICS CORPORATION                 | CUSIP: 046433108<br>LEI: 549300NNXCF8H4MSMK17 | Long             | EC               | CORP              | US        |     55495 | NS      | $3010048.80   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| RALPH LAUREN CORPORATION                       | RALPH LAUREN CORP                     | CUSIP: 751212101<br>LEI: HO1QNWM0IXBZ0QSMMO20 | Long             | EC               | CORP              | US        |     11119 | NS      | $3931789.59   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| MOHAWK INDUSTRIES, INC.                        | MOHAWK INDUSTRIES INC                 | CUSIP: 608190104<br>LEI: 549300JI1115MG3Q6322 | Long             | EC               | CORP              | US        |     36947 | NS      | $4038307.10   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| NATIONAL FUEL GAS COMPANY                      | NATIONAL FUEL GAS CO                  | CUSIP: 636180101<br>LEI: 8JB38FFW1Y3C1HM8E841 | Long             | EC               | CORP              | US        |     92766 | NS      | $7426845.96   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| HILLTOP HOLDINGS INC.                          | HILLTOP HOLDINGS INC                  | CUSIP: 432748101<br>LEI: 54930010TA543US0PM65 | Long             | EC               | CORP              | US        |    198075 | NS      | $6722665.50   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| NATIONAL VISION HOLDINGS, INC.                 | NATIONAL VISION HOLDINGS INC          | CUSIP: 63845R107<br>LEI: 549300JHURCBLI5ROA42 | Long             | EC               | CORP              | US        |    117743 | NS      | $3040124.26   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERICAN SUPERCONDUCTOR CORPORATION            | AMERICAN SUPERCONDUCTOR CORP          | CUSIP: 030111207<br>LEI: 549300S9YT8Z8LOK4452 | Long             | EC               | CORP              | US        |     67083 | NS      | $1930648.74   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| DILLARD'S, INC.                                | DILLARD S INC                         | CUSIP: 254067101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5543 | NS      | $3360942.62   | 0.28%             |  |  |  | No            |                  1 | On Loan: —       |
| TRANSMEDICS GROUP, INC.                        | TRANSMEDICS GROUP INC                 | CUSIP: 89377M109<br>LEI: 549300060GVOSMWARH50 | Long             | EC               | CORP              | US        |     19350 | NS      | $2353927.50   | 0.20%             |  |  |  | No            |                  1 | On Loan: —       |
| PAR PACIFIC HOLDINGS, INC.                     | PAR PACIFIC HOLDINGS INC              | CUSIP: 69888T207<br>LEI: 549300BTNS7MHSHRLR55 | Long             | EC               | CORP              | US        |     61468 | NS      | $2159985.52   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| POWER SOLUTIONS INTERNATIONAL, INC.            | POWER SOLUTIONS INTERNATIONAL INC     | CUSIP: 73933G202<br>LEI: 549300JWGWDXC70SNH31 | Long             | EC               | CORP              | US        |     38570 | NS      | $2203889.80   | 0.19%             |  |  |  | No            |                  1 | On Loan: —       |
| ELANCO ANIMAL HEALTH INCORPORATED              | ELANCO ANIMAL HEALTH INC              | CUSIP: 28414H103<br>LEI: 549300SHPNDCE059M934 | Long             | EC               | CORP              | US        |    131783 | NS      | $2982249.29   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| VALLEY NATIONAL BANCORP                        | VALLEY NATIONAL BANCORP               | CUSIP: 919794107<br>LEI: 549300ET52S1UBIB9762 | Long             | EC               | CORP              | US        |    436235 | NS      | $5095224.80   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| THE ENSIGN GROUP, INC.                         | ENSIGN GROUP INC THE                  | CUSIP: 29358P101<br>LEI: 5493003K4HEEA8Q0BC72 | Long             | EC               | CORP              | US        |     36360 | NS      | $6333912.00   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| THE WESTERN UNION COMPANY                      | WESTERN UNION CO                      | CUSIP: 959802109<br>LEI: 28ID94QU1140NC23S047 | Long             | EC               | CORP              | US        |    570567 | NS      | $5311978.77   | 0.45%             |  |  |  | No            |                  1 | On Loan: —       |
| DIODES INCORPORATED                            | DIODES INC                            | CUSIP: 254543101<br>LEI: 549300XP2X1ARVH3BX23 | Long             | EC               | CORP              | US        |     65933 | NS      | $3253134.22   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Protagonist Therapeutics Inc                   | PROTAGONIST THERAPEUTICS INC          | CUSIP: 74366E102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     34305 | NS      | $2996198.70   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| CORECIVIC, INC.                                | CORECIVIC INC                         | CUSIP: 21871N101<br>LEI: 529900JFA3K6PTLT8B15 | Long             | EC               | CORP              | US        |    283472 | NS      | $5417149.92   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| KENNAMETAL INC.                                | KENNAMETAL INC                        | CUSIP: 489170100<br>LEI: 549300GZDSG25XUV0Y08 | Long             | EC               | CORP              | US        |    140809 | NS      | $4000383.69   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Grail Inc                                      | GRAIL INC                             | CUSIP: 384747101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     18851 | NS      | $1613457.09   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Matson Inc                                     | MATSON INC                            | CUSIP: 57686G105<br>LEI: 549300OI5H3Y0I9I4I12 | Long             | EC               | CORP              | US        |     31353 | NS      | $3873663.15   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| OPENDOOR TECHNOLOGIES INC.                     | OPENDOOR TECHNOLOGIES INC             | CUSIP: 683712103<br>LEI: 254900KX11YZ4HV5BQ47 | Long             | EC               | CORP              | US        |    270245 | NS      | $1575528.35   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| MGIC INVESTMENT CORPORATION                    | MGIC INVESTMENT CORP                  | CUSIP: 552848103<br>LEI: 254900S8483WM4M98R28 | Long             | EC               | CORP              | US        |    243441 | NS      | $7113346.02   | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| TELEPHONE AND DATA SYSTEMS, INC.               | TELEPHONE DATA SYSTEMS INC            | CUSIP: 879433829<br>LEI: 5299003YZW5BE2NNLO37 | Long             | EC               | CORP              | US        |    120874 | NS      | $4955834.00   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Navitas Semiconductor Corp                     | NAVITAS SEMICONDUCTOR CORP            | CUSIP: 63942X106<br>LEI: 529900T4K9WALWC76S49 | Long             | EC               | CORP              | US        |    239376 | NS      | $1709144.64   | 0.14%             |  |  |  | No            |                  1 | On Loan: —       |
| LAUREATE EDUCATION, INC.                       | LAUREATE EDUCATION INC                | CUSIP: 518613203<br>LEI: 5JL7TMOH5TY3IUYSUP91 | Long             | EC               | CORP              | US        |    171892 | NS      | $5787603.64   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| JAZZ PHARMACEUTICALS PUBLIC LIMITED COMPANY    | JAZZ PHARMACEUTICALS PLC              | CUSIP: G50871105<br>LEI: 635400GAUMJCLEZRRV50 | Long             | EC               | CORP              | IE        |     21726 | NS      | $3693420.00   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| AFFILIATED MANAGERS GROUP, INC.                | AFFILIATED MANAGERS GROUP INC         | CUSIP: 008252108<br>LEI: 2JE75BUE3T1BLCYYGK54 | Long             | EC               | CORP              | US        |     19777 | NS      | $5701313.56   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| BRIGHTSPRING HEALTH SERVICES, INC.             | BRIGHTSPRING HEALTH SERVICES INC      | CUSIP: 10950A106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    102797 | NS      | $3849747.65   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| PVH CORP.                                      | PVH CORP                              | CUSIP: 693656100<br>LEI: 123WALMHY1GZXG2YDL90 | Long             | EC               | CORP              | US        |     34714 | NS      | $2326532.28   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| LIGAND PHARMACEUTICALS INCORPORATED            | LIGAND PHARMACEUTICALS                | CUSIP: 53220K504<br>LEI: 5493008K7TB0IKP37H79 | Long             | EC               | CORP              | US        |     23888 | NS      | $4516504.16   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| WILLDAN GROUP, INC.                            | WILLDAN GROUP INC                     | CUSIP: 96924N100<br>LEI: 529900YQO0LF5VAEKN05 | Long             | EC               | CORP              | US        |     30666 | NS      | $3178837.56   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| LEVI STRAUSS & CO.                             | LEVI STRAUSS CO                       | CUSIP: 52736R102<br>LEI: MB0UERO0RDFKU8258G77 | Long             | EC               | CORP              | US        |    160427 | NS      | $3327255.98   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| TEREX CORPORATION                              | TEREX CORPORATION                     | CUSIP: 880779103<br>LEI: YAWJZJYEQ7M1SYMOS462 | Long             | EC               | CORP              | US        |     70917 | NS      | $3785549.46   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| PERIMETER SOLUTIONS, INC.                      | PERIMETER SOLUTIONS INC               | CUSIP: 71385M107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    117091 | NS      | $3223515.23   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Olin Corporation                               | OLIN CORP                             | CUSIP: 680665205<br>LEI: 549300GKK294V7W57P06 | Long             | EC               | CORP              | US        |    125779 | NS      | $2619976.57   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| BEL FUSE INC.                                  | BEL FUSE INC                          | CUSIP: 077347300<br>LEI: 2549009L4XYDBRRY6X39 | Long             | EC               | CORP              | US        |     20518 | NS      | $3480468.34   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| LINCOLN NATIONAL CORPORATION                   | LINCOLN NATIONAL CORP                 | CUSIP: 534187109<br>LEI: EFQMQROEDSNBRIP7LE47 | Long             | EC               | CORP              | US        |     97529 | NS      | $4342966.37   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| ANI PHARMACEUTICALS, INC.                      | ANI PHARMACEUTICALS INC               | CUSIP: 00182C103<br>LEI: 5493000T6CXTND40YH31 | Long             | EC               | CORP              | US        |     53179 | NS      | $4197950.26   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| TUTOR PERINI CORPORATION                       | TUTOR PERINI CORP                     | CUSIP: 901109108<br>LEI: 549300FHXYVPW8LJ6D98 | Long             | EC               | CORP              | US        |     43822 | NS      | $2936950.44   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| WORTHINGTON ENTERPRISES, INC.                  | WORTHINGTON ENTERPRISES INC           | CUSIP: 981811102<br>LEI: 1WRCIANKYOIK6KYE5E82 | Long             | EC               | CORP              | US        |     71800 | NS      | $3702726.00   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Praxis Precision Medicines Inc                 | PRAXIS PRECISION MEDICINES I          | CUSIP: 74006W207<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     10592 | NS      | $3121886.08   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| JBG SMITH PROPERTIES                           | JBG SMITH PROPERTIES                  | CUSIP: 46590V100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    265495 | NS      | $4516069.95   | 0.38%             |  |  |  | No            |                  1 | On Loan: —       |
| ASGN INCORPORATED                              | ASGN INC                              | CUSIP: 00191U102<br>LEI: LZBNYYCBUKY537072438 | Long             | EC               | CORP              | US        |     86143 | NS      | $4149508.31   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| HARMONY BIOSCIENCES HOLDINGS, INC.             | HARMONY BIOSCIENCES HOLDINGS INC      | CUSIP: 413197104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    116591 | NS      | $4362835.22   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| PARK HOTELS & RESORTS INC.                     | PARK HOTELS RESORTS INC               | CUSIP: 700517105<br>LEI: 5493005UZ5TQN0H6HS73 | Long             | EC               | CORP              | US        |    387211 | NS      | $4050227.06   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| BLACK HILLS CORPORATION                        | BLACK HILLS CORP                      | CUSIP: 092113109<br>LEI: 3MGELCRSTNSAMJ962671 | Long             | EC               | CORP              | US        |    115939 | NS      | $8048485.38   | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| GARRETT MOTION INC.                            | GARRETT MOTION INC                    | CUSIP: 366505105<br>LEI: 549300LS5WT7EMBNV724 | Long             | EC               | CORP              | US        |    204956 | NS      | $3572383.08   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| ARTIVION, INC.                                 | ARTIVION INC                          | CUSIP: 228903100<br>LEI: 549300YTKV8DMSMG6K81 | Long             | EC               | CORP              | US        |     78796 | NS      | $3593885.56   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| FRESH DEL MONTE PRODUCE INC.                   | FRESH DEL MONTE PRODUCE INC           | CUSIP: G36738105<br>LEI: 529900I72V9F0FEZR228 | Long             | EC               | CORP              | KY        |    174362 | NS      | $6212518.06   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| ADT INC.                                       | ADT INC                               | CUSIP: 00090Q103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    769799 | NS      | $6212277.93   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| FIRST INTERSTATE BANCSYSTEM, INC.              | FIRST INTERSTATE BANCSYS A            | CUSIP: 32055Y201<br>LEI: 549300WRWYTYX0RCNJ43 | Long             | EC               | CORP              | US        |    141782 | NS      | $4905657.20   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| VIASAT, INC.                                   | VIASAT INC                            | CUSIP: 92552V100<br>LEI: UFC8NYMNFSYIHNSM2I38 | Long             | EC               | CORP              | US        |     60614 | NS      | $2088758.44   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| CNX RESOURCES CORPORATION                      | CNX RESOURCES CORP                    | CUSIP: 12653C108<br>LEI: 549300JK3KH8PWM3B226 | Long             | EC               | CORP              | US        |    140504 | NS      | $5166332.08   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| ORGANON & CO.                                  | ORGANON CO                            | CUSIP: 68622V106<br>LEI: 549300AMCKY57OK2CO56 | Long             | EC               | CORP              | US        |    323667 | NS      | $2320692.39   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| CENTRUS ENERGY CORP.                           | CENTRUS ENERGY CORP                   | CUSIP: 15643U104<br>LEI: 549300G6VDK9G8276661 | Long             | EC               | CORP              | US        |      8062 | NS      | $1957131.12   | 0.17%             |  |  |  | No            |                  1 | On Loan: —       |
| KNIGHT-SWIFT TRANSPORTATION HOLDINGS INC.      | KNIGHT SWIFT TRANSPORTATION           | CUSIP: 499049104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     87069 | NS      | $4551967.32   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Oklo Inc                                       | OKLO INC                              | CUSIP: 02156V109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     22772 | NS      | $1634118.72   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| InterDigital, Inc.                             | INTERDIGITAL INC                      | CUSIP: 45867G101<br>LEI: 529900HQAUTC3VI47G64 | Long             | EC               | CORP              | US        |     11690 | NS      | $3721862.20   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple Hospitality REIT, Inc.                   | APPLE HOSPITALITY REIT INC            | CUSIP: 03784Y200<br>LEI: 549300EVZAR0FBZO4F16 | Long             | EC               | CORP              | US        |    440448 | NS      | $5219308.80   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| THE MOSAIC COMPANY                             | THE MOSAIC CO                         | CUSIP: 61945C103<br>LEI: 2YD5STGSJNMUB7H76907 | Long             | EC               | CORP              | US        |    175045 | NS      | $4216834.05   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| ACADEMY SPORTS AND OUTDOORS, INC.              | ACADEMY SPORTS OUTDOORS INC           | CUSIP: 00402L107<br>LEI: 529900HST589BD301M91 | Long             | EC               | CORP              | US        |     61851 | NS      | $3090075.96   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Doximity Inc                                   | DOXIMITY INC                          | CUSIP: 26622P107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     66880 | NS      | $2961446.40   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| HUNTINGTON INGALLS INDUSTRIES, INC.            | HUNTINGTON INGALLS INDUSTRIES INC     | CUSIP: 446413106<br>LEI: 5TZLZ6WJTBVJ0QWBG121 | Long             | EC               | CORP              | US        |     18198 | NS      | $6188593.86   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| PLANET LABS PBC                                | PLANET LABS PBC                       | CUSIP: 72703X106<br>LEI: 254900Q7PVI3HTQBRB44 | Long             | EC               | CORP              | US        |    174865 | NS      | $3448337.80   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| DAVE & BUSTER'S ENTERTAINMENT, INC.            | DAVE N BUSTERS                        | CUSIP: 238337109<br>LEI: 529900WTVU85QZLYHR86 | Long             | EC               | CORP              | US        |    133969 | NS      | $2171637.49   | 0.18%             |  |  |  | No            |                  1 | On Loan: —       |
| ARRAY DIGITAL INFRASTRUCTURE, INC.             | ARRAY DIGITAL INFRASTRUCTURE INC      | CUSIP: 911684108<br>LEI: 549300B164AZXESI6E03 | Long             | EC               | CORP              | US        |     72083 | NS      | $3865090.46   | 0.33%             |  |  |  | No            |                  1 | On Loan: —       |
| BOYD GAMING CORPORATION                        | BOYD GAMING CORP                      | CUSIP: 103304101<br>LEI: 254900787YGRYS2A1Z35 | Long             | EC               | CORP              | US        |     66556 | NS      | $5673233.44   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| BANKUNITED, INC.                               | BANKUNITED INC                        | CUSIP: 06652K103<br>LEI: 96OVUWEW5D4YX6PFXD91 | Long             | EC               | CORP              | US        |    106685 | NS      | $4754950.45   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| ALEXANDRIA REAL ESTATE EQUITIES, INC.          | ALEXANDRIA REAL ESTATE EQUITIES INC   | CUSIP: 015271109<br>LEI: MGCJBT4MKTQBVLNUIS88 | Long             | EC               | CORP              | US        |     74526 | NS      | $3647302.44   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| SUPERNUS PHARMACEUTICALS, INC.                 | SUPERNUS PHARMACEUTICALS INC          | CUSIP: 868459108<br>LEI: 549300GRM36VBKISYJ58 | Long             | EC               | CORP              | US        |     98434 | NS      | $4892169.80   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| GROCERY OUTLET HOLDING CORP.                   | GROCERY OUTLET HOLDING CORP           | CUSIP: 39874R101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    229264 | NS      | $2315566.40   | 0.20%             |  |  |  | No            |                  1 | On Loan: —       |
| GLOBE LIFE INC.                                | GLOBE LIFE INC                        | CUSIP: 37959E102<br>LEI: 5493001JFHKQOPP6XA71 | Long             | EC               | CORP              | US        |     45088 | NS      | $6306007.68   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| DIAMONDROCK HOSPITALITY COMPANY                | DIAMONDROCK HOSPITALITY CO            | CUSIP: 252784301<br>LEI: 529900KKD4BPVBUAQ734 | Long             | EC               | CORP              | US        |    541533 | NS      | $4852135.68   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| RUSSELL 2000 MINI INDEX FUTURE MAR26           | RUSSELL 2000 MINI INDEX FUTURE MAR26  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        40 | NC      | $-118412.19   | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| GOLDMAN SACHS FINANCIAL SQUARE GOVERNMENT FUND | GLDMN SCHS FIN SQ GV-FST              | CUSIP: 38141W273<br>LEI: N/A                  | Long             | STIV             | RF                | US        |  12017246 | NS      | $12017246.26  | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| AGNC INVESTMENT CORP.                          | AGNC INVESTMENT CORP                  | CUSIP: 00123Q104<br>LEI: 5TRACI5HRMELWV32OF39 | Long             | EC               | CORP              | US        |    694903 | NS      | $7449360.16   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| THE AES CORPORATION                            | AES CORP                              | CUSIP: 00130H105<br>LEI: 2NUNNB7D43COUIRE5295 | Long             | EC               | CORP              | US        |    226809 | NS      | $3252441.06   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| TURNING POINT BRANDS, INC.                     | TURNING POINT BRANDS INC              | CUSIP: 90041L105<br>LEI: 549300IYG00QF0VVP302 | Long             | EC               | CORP              | US        |     35524 | NS      | $3850801.60   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Signet Jewelers Limited                        | SIGNET JEWELERS LTD                   | CUSIP: G81276100<br>LEI: 549300N3XPGE91WV7M22 | Long             | EC               | CORP              | BM        |     31229 | NS      | $2588259.52   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| URBAN OUTFITTERS, INC.                         | URBAN OUTFITTERS INC                  | CUSIP: 917047102<br>LEI: 549300N3DUFR5U6NRN38 | Long             | EC               | CORP              | US        |     36983 | NS      | $2783340.58   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Arlo Technologies Inc                          | ARLO TECHNOLOGIES INC                 | CUSIP: 04206A101<br>LEI: 549300T4EUX2OQ75HV52 | Long             | EC               | CORP              | US        |    224394 | NS      | $3139272.06   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| IAC INC.                                       | IAC INC                               | CUSIP: 44891N208<br>LEI: 549300TO56L57RP6P031 | Long             | EC               | CORP              | US        |    125860 | NS      | $4921126.00   | 0.42%             |  |  |  | No            |                  1 | On Loan: —       |
| MANPOWERGROUP INC.                             | MANPOWER INC                          | CUSIP: 56418H100<br>LEI: ERO1WSFOSR0JJ6CRQ987 | Long             | EC               | CORP              | US        |    115935 | NS      | $3446747.55   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| TAYLOR MORRISON HOME CORPORATION               | TAYLOR MORRISON HOME CORP             | CUSIP: 87724P106<br>LEI: 5299009UDLLGLKOOJE30 | Long             | EC               | CORP              | US        |     76119 | NS      | $4481125.53   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| UL SOLUTIONS INC.                              | UL SOLUTIONS INC                      | CUSIP: 903731107<br>LEI: 549300F7CUV5ESKV9P71 | Long             | EC               | CORP              | US        |     50204 | NS      | $3959087.44   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| SPHERE ENTERTAINMENT CO.                       | SPHERE ENTERTAINMENT CO               | CUSIP: 55826T102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     34511 | NS      | $3281305.88   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| BANK OZK                                       | BANK OZK                              | CUSIP: 06417N103<br>LEI: 549300VYK2WBD7SST478 | Long             | EC               | CORP              | US        |    113335 | NS      | $5215676.70   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| BORGWARNER INC.                                | BORGWARNER INC                        | CUSIP: 099724106<br>LEI: 549300DSFX2IE88NSX47 | Long             | EC               | CORP              | US        |    123565 | NS      | $5567838.90   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| ELLINGTON FINANCIAL INC.                       | ELLINGTON FINANCIAL INC               | CUSIP: 28852N109<br>LEI: 60GS1D1R1YY5G1W7IT74 | Long             | EC               | CORP              | US        |    571973 | NS      | $7767393.34   | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| IONQ Inc                                       | IONQ INC                              | CUSIP: 46222L108<br>LEI: 529900RB2VEFGLQS7G28 | Long             | EC               | CORP              | US        |     42386 | NS      | $1901859.82   | 0.16%             |  |  |  | No            |                  1 | On Loan: —       |
| G-III APPAREL GROUP, LTD.                      | G III APPAREL GROUP LTD               | CUSIP: 36237H101<br>LEI: 529900O5KABM3R3SFM87 | Long             | EC               | CORP              | US        |    132072 | NS      | $3824805.12   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| RUSH ENTERPRISES, INC.                         | RUSH ENTERPRISES INC CLASS A          | CUSIP: 781846209<br>LEI: 529900V3XHTN7A6DFT17 | Long             | EC               | CORP              | US        |     97480 | NS      | $5258071.20   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| BIO-RAD LABORATORIES, INC.                     | BIO RAD LABORATORIES INC              | CUSIP: 090572207<br>LEI: 549300ZC1GPV35XYDK53 | Long             | EC               | CORP              | US        |     11135 | NS      | $3373793.65   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| CARGURUS, INC.                                 | CARGURUS INC                          | CUSIP: 141788109<br>LEI: 54930027BKQN6B7X7G78 | Long             | EC               | CORP              | US        |    125443 | NS      | $4810739.05   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| UNDER ARMOUR, INC.                             | UNDER ARMOUR INC                      | CUSIP: 904311107<br>LEI: 549300D4549QKWETZ406 | Long             | EC               | CORP              | US        |    665039 | NS      | $3305243.83   | 0.28%             |  |  |  | No            |                  1 | On Loan: —       |
| EPR PROPERTIES                                 | EPR PROPERTIES                        | CUSIP: 26884U109<br>LEI: 549300YSSXFHMPOWZ492 | Long             | EC               | CORP              | US        |    126833 | NS      | $6328966.70   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| F.N.B. CORPORATION                             | FNB CORP                              | CUSIP: 302520101<br>LEI: PCYSKIGYNYFDTBLVZU83 | Long             | EC               | CORP              | US        |    308123 | NS      | $5268903.30   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| SELECT MEDICAL HOLDINGS CORPORATION            | SELECT MEDICAL HOLDINGS CORP          | CUSIP: 81619Q105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    229415 | NS      | $3406812.75   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| PBF ENERGY INC.                                | PBF ENERGY INC                        | CUSIP: 69318G106<br>LEI: 2549003PBEDCSZMZIY02 | Long             | EC               | CORP              | US        |     71569 | NS      | $1940951.28   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| ECHOSTAR CORPORATION                           | ECHOSTAR CORP                         | CUSIP: 278768106<br>LEI: 549300EE20907QZ9GT38 | Long             | EC               | CORP              | US        |     28515 | NS      | $3099580.50   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| LEAR CORPORATION                               | LEAR CORP                             | CUSIP: 521865204<br>LEI: 549300UPNBTXA1SYTQ33 | Long             | EC               | CORP              | US        |     42369 | NS      | $4855487.40   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| CELANESE CORPORATION                           | CELANESE CORPORATION                  | CUSIP: 150870103<br>LEI: 549300FHJQTDPPN41627 | Long             | EC               | CORP              | US        |     61662 | NS      | $2607069.36   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| SCHNEIDER NATIONAL, INC.                       | SCHNEIDER NATIONAL INC                | CUSIP: 80689H102<br>LEI: 529900V6GZ6G6E3BLV72 | Long             | EC               | CORP              | US        |    198738 | NS      | $5272519.14   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| APPLIED DIGITAL CORPORATION                    | APPLIED DIGITAL CORP                  | CUSIP: 038169207<br>LEI: 2549004NE2B6RYXINZ02 | Long             | EC               | CORP              | US        |     77258 | NS      | $1894366.16   | 0.16%             |  |  |  | No            |                  1 | On Loan: —       |
| FEDERATED HERMES, INC.                         | FEDERATED HERMES INC                  | CUSIP: 314211103<br>LEI: R05X5UQ874RGFF7HHD84 | Long             | EC               | CORP              | US        |    140098 | NS      | $7294902.86   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| ADIENT PUBLIC LIMITED COMPANY                  | ADIENT PLC                            | CUSIP: G0084W101<br>LEI: 5493002QLDY8O75RTR78 | Long             | EC               | CORP              | IE        |    156250 | NS      | $2995312.50   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| AVISTA CORPORATION                             | AVISTA CORP                           | CUSIP: 05379B107<br>LEI: Q0IK63NITJD6RJ47SW96 | Long             | EC               | CORP              | US        |    225069 | NS      | $8674159.26   | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Bunge Global SA                                | BUNGE GLOBAL SA                       | CUSIP: H11356104<br>LEI: 254900IVXSV9K0B7PO26 | Long             | EC               | CORP              | CH        |     50256 | NS      | $4476804.48   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| AGCO CORPORATION                               | AGCO CORP                             | CUSIP: 001084102<br>LEI: LYOM0B2GCF1JWXK5ZG04 | Long             | EC               | CORP              | US        |     38488 | NS      | $4015068.16   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Edgewell Personal Care Company                 | EDGEWELL PERSONAL CARE CO             | CUSIP: 28035Q102<br>LEI: 549300CY8QZDL4Z3RU59 | Long             | EC               | CORP              | US        |    222158 | NS      | $3787793.90   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Popular, Inc.                                  | POPULAR INC                           | CUSIP: 733174700<br>LEI: 5493008CARDZMVQ3LO89 | Long             | EC               | CORP              | PR        |     51476 | NS      | $6409791.52   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| NEXSTAR MEDIA GROUP, INC.                      | NEXSTAR MEDIA GROUP INC               | CUSIP: 65336K103<br>LEI: 52990083ZRR5UT591988 | Long             | EC               | CORP              | US        |     26053 | NS      | $5290061.65   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| BRIDGEBIO PHARMA, INC.                         | BRIDGEBIO PHARMA INC                  | CUSIP: 10806X102<br>LEI: 54930028YG89VTY2J114 | Long             | EC               | CORP              | US        |     49607 | NS      | $3794439.43   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| MOLSON COORS BEVERAGE COMPANY                  | MOLSON COORS BEVERAGE CO              | CUSIP: 60871R209<br>LEI: 54930073LBBH6ZCBE225 | Long             | EC               | CORP              | US        |    154945 | NS      | $7232832.60   | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| WAYFAIR INC.                                   | WAYFAIR INC                           | CUSIP: 94419L101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     18781 | NS      | $1885800.21   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| ASSURED GUARANTY LTD.                          | ASSURED GUARANTY LTD                  | CUSIP: G0585R106<br>LEI: 549300BBOQUJEPH87M14 | Long             | EC               | CORP              | BM        |     78513 | NS      | $7055963.31   | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| PERDOCEO EDUCATION CORPORATION                 | PERDOCEO EDUCATION CORP               | CUSIP: 71363P106<br>LEI: 529900X5PCA184O9LY90 | Long             | EC               | CORP              | US        |    147821 | NS      | $4335589.93   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| MURPHY OIL CORPORATION                         | MURPHY OIL CORP                       | CUSIP: 626717102<br>LEI: QBKYQD0ODE7DC7PDIN91 | Long             | EC               | CORP              | US        |     92373 | NS      | $2886656.25   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| HSBC US GOVERNMENT MONEY MARKET FUND           | HSBC US GOVT MMKT-I                   | CUSIP: 40428X107<br>LEI: N/A                  | Long             | STIV             | RF                | US        |  12017246 | NS      | $12017246.27  | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| FMC CORPORATION                                | FMC CORP                              | CUSIP: 302491303<br>LEI: CKDHZ2X64EEBQCSP7013 | Long             | EC               | CORP              | US        |    166642 | NS      | $2311324.54   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| INNODATA INC.                                  | INNODATA INC                          | CUSIP: 457642205<br>LEI: L9O7MPYIT56T6KBE0R95 | Long             | EC               | CORP              | US        |     36408 | NS      | $1854987.60   | 0.16%             |  |  |  | No            |                  1 | On Loan: —       |
| XENIA HOTELS & RESORTS, INC.                   | XENIA HOTELS RESORTS INC              | CUSIP: 984017103<br>LEI: 54930075IWIPHF5IQL62 | Long             | EC               | CORP              | US        |    315258 | NS      | $4457748.12   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| OSHKOSH CORPORATION                            | OSHKOSH CORP                          | CUSIP: 688239201<br>LEI: 549300FEKNPCFSA2B506 | Long             | EC               | CORP              | US        |     33390 | NS      | $4194785.70   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| ZIFF DAVIS, INC.                               | ZIFF DAVIS INC                        | CUSIP: 48123V102<br>LEI: 5493008OJYGLHD7MXA18 | Long             | EC               | CORP              | US        |     94235 | NS      | $3312360.25   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| SKYWEST, INC.                                  | SKYWEST INC                           | CUSIP: 830879102<br>LEI: 529900UYS2KGS6Z42P09 | Long             | EC               | CORP              | US        |     42096 | NS      | $4226859.36   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| VISTEON CORPORATION                            | VISTEON CORP                          | CUSIP: 92839U206<br>LEI: 549300MOVLYHRW4GGW78 | Long             | EC               | CORP              | US        |     44257 | NS      | $4208840.70   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| SharpLink Gaming Inc                           | SHARPLINK GAMING INC                  | CUSIP: 820014405<br>LEI: 254900CZRMKT24A29H69 | Long             | EC               | CORP              | US        |    196366 | NS      | $1755512.04   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| AVNET, INC.                                    | AVNET INC                             | CUSIP: 053807103<br>LEI: XJI53DCPL7QABOWK4Z75 | Long             | EC               | CORP              | US        |    104468 | NS      | $5022821.44   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| SANMINA CORPORATION                            | SANMINA CORP                          | CUSIP: 801056102<br>LEI: X5K24XLM8QYRXF00EB42 | Long             | EC               | CORP              | US        |     17585 | NS      | $2638980.95   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| CENTENE CORPORATION                            | CENTENE CORP                          | CUSIP: 15135B101<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | EC               | CORP              | US        |     64320 | NS      | $2646768.00   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Cidara Therapeutics Inc                        | CIDARA THERAPEUTICS INC               | CUSIP: 171757206<br>LEI: 549300IHQ9Z7RI1X2D22 | Long             | EC               | CORP              | US        |      9579 | NS      | $2115905.31   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| MICROVAST HOLDINGS, INC.                       | MICROVAST HOLDINGS INC                | CUSIP: 59516C106<br>LEI: 549300J4UX9OMHSTKS35 | Long             | EC               | CORP              | US        |    593990 | NS      | $1663172.00   | 0.14%             |  |  |  | No            |                  1 | On Loan: —       |
| Symbotic Inc                                   | SYMBOTIC INC                          | CUSIP: 87151X101<br>LEI: 529900UN9QT55OG9I235 | Long             | EC               | CORP              | US        |     24841 | NS      | $1478039.50   | 0.13%             |  |  |  | No            |                  1 | On Loan: —       |
| PHOTRONICS, INC.                               | PHOTRONICS INC                        | CUSIP: 719405102<br>LEI: 549300OK5JVNIBNY6F63 | Long             | EC               | CORP              | US        |    142872 | NS      | $4571904.00   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| THE BUCKLE, INC.                               | BUCKLE INC THE                        | CUSIP: 118440106<br>LEI: 5299007IU0461T3GDL34 | Long             | EC               | CORP              | US        |     89038 | NS      | $4756409.96   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| INVESCO GOVERNMENT & AGENCY PORTFOLIO          | INVESCO GVT & AGNCY-INST              | CUSIP: 825252885<br>LEI: N/A                  | Long             | STIV             | RF                | US        |  12017246 | NS      | $12017246.26  | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| TERAWULF INC.                                  | TERAWULF INC                          | CUSIP: 88080T104<br>LEI: 254900CVMW1SX2T78A64 | Long             | EC               | CORP              | US        |    134165 | NS      | $1541555.85   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| MDU RESOURCES GROUP, INC.                      | MDU RESOURCES GROUP INC               | CUSIP: 552690109<br>LEI: 549300MA0UV6AI6SNV27 | Long             | EC               | CORP              | US        |    332250 | NS      | $6485520.00   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| COMMERCIAL METALS COMPANY                      | COMMERCIAL METALS COMPANY             | CUSIP: 201723103<br>LEI: 549300OQS2LO07ZJ7N73 | Long             | EC               | CORP              | US        |     67363 | NS      | $4662866.86   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| OMNICELL, INC.                                 | OMNICELL INC                          | CUSIP: 68213N109<br>LEI: 5493008RH0GTKHHPZI77 | Long             | EC               | CORP              | US        |    104663 | NS      | $4741233.90   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| UGI CORPORATION                                | UGI CORP                              | CUSIP: 902681105<br>LEI: DX6GCWD4Q1JO9CRE5I40 | Long             | EC               | CORP              | US        |    197138 | NS      | $7378875.34   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| RADIAN GROUP INC.                              | RADIAN GROUP INC                      | CUSIP: 750236101<br>LEI: 54930005OUP720S5U385 | Long             | EC               | CORP              | US        |    189122 | NS      | $6806500.78   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Roivant Sciences Ltd                           | ROIVANT SCIENCES LTD                  | CUSIP: G76279101<br>LEI: 549300DL466NY5J6U724 | Long             | EC               | CORP              | BM        |    245004 | NS      | $5316586.80   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| UNUM GROUP                                     | UNUM GROUP                            | CUSIP: 91529Y106<br>LEI: 549300E32YFDO6TZ8R31 | Long             | EC               | CORP              | US        |     68871 | NS      | $5337502.50   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| RYDER SYSTEM, INC.                             | RYDER SYSTEM INC                      | CUSIP: 783549108<br>LEI: ZXJ6Y2OSPZXIVGRILD15 | Long             | EC               | CORP              | US        |     26904 | NS      | $5149156.56   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| BLACKSTONE MORTGAGE TRUST, INC.                | BLACKSTONE MORTGAGE TRUST INC         | CUSIP: 09257W100<br>LEI: 549300OLDJ20R2Y2UW20 | Long             | EC               | CORP              | US        |    351442 | NS      | $6723085.46   | 0.57%             |  |  |  | No            |                  1 | On Loan: —       |
| POLARIS INC.                                   | POLARIS INC                           | CUSIP: 731068102<br>LEI: 549300QJSN8UVWN1EI78 | Long             | EC               | CORP              | US        |     40748 | NS      | $2577311.00   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| OVINTIV INC.                                   | OVINTIV INC                           | CUSIP: 69047Q102<br>LEI: 2549003MEX7YMKLGI239 | Long             | EC               | CORP              | US        |     85154 | NS      | $3337185.26   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| THE GREENBRIER COMPANIES, INC.                 | GREENBRIER COS INC THE                | CUSIP: 393657101<br>LEI: 5493001GAGGFR30BP390 | Long             | EC               | CORP              | US        |     87630 | NS      | $4095826.20   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| THOR INDUSTRIES, INC.                          | THOR INDUSTRIES INC                   | CUSIP: 885160101<br>LEI: 254900XZO1228PDSG060 | Long             | EC               | CORP              | US        |     39491 | NS      | $4054540.97   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| ENVISTA HOLDINGS CORPORATION                   | ENVISTA HOLDINGS CORP                 | CUSIP: 29415F104<br>LEI: 549300BX623VURJZ5269 | Long             | EC               | CORP              | US        |    197516 | NS      | $4288072.36   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| CVR ENERGY, INC.                               | CVR ENERGY INC                        | CUSIP: 12662P108<br>LEI: 529900SOYZIXZBTXB558 | Long             | EC               | CORP              | US        |     97609 | NS      | $2483172.96   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| STERLING INFRASTRUCTURE, INC.                  | STERLING INFRASTRUCTURE               | CUSIP: 859241101<br>LEI: 549300RZIK6K1215XU51 | Long             | EC               | CORP              | US        |      8281 | NS      | $2535890.63   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| MARRIOTT VACATIONS WORLDWIDE CORPORATION       | MARRIOTT VACATIONS WORLDWIDE CORP     | CUSIP: 57164Y107<br>LEI: 549300WA6BT5H4F7IO94 | Long             | EC               | CORP              | US        |     51013 | NS      | $2942939.97   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| GENWORTH FINANCIAL, INC.                       | GENWORTH FINANCIAL INC                | CUSIP: 37247D106<br>LEI: 549300EMCG286BDNKJ33 | Long             | EC               | CORP              | US        |    539565 | NS      | $4872271.95   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| SKYWORKS SOLUTIONS, INC.                       | SKYWORKS SOLUTIONS INC                | CUSIP: 83088M102<br>LEI: 549300WZ3ORQ2BVKBD96 | Long             | EC               | CORP              | US        |     52124 | NS      | $3305182.84   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| HERTZ GLOBAL HOLDINGS, INC.                    | HERTZ GLOBAL HOLDINGS INC             | CUSIP: 42806J700<br>LEI: 549300NBK3K85MH1EX16 | Long             | EC               | CORP              | US        |    398436 | NS      | $2047961.04   | 0.17%             |  |  |  | No            |                  1 | On Loan: —       |
| ROGERS CORPORATION                             | ROGERS CORP                           | CUSIP: 775133101<br>LEI: PW0CN80KNFR7RUOOKJ84 | Long             | EC               | CORP              | US        |     44932 | NS      | $4114423.24   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| TEXAS CAPITAL BANCSHARES, INC.                 | TEXAS CAPITAL BANCSHARES INC          | CUSIP: 88224Q107<br>LEI: 549300466Q2SXRX0YM48 | Long             | EC               | CORP              | US        |     54517 | NS      | $4935969.18   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| BROADSTONE NET LEASE, INC.                     | BROADSTONE NET LEASE INC              | CUSIP: 11135E203<br>LEI: 549300U8D7PT70B49V21 | Long             | EC               | CORP              | US        |    438309 | NS      | $7613427.33   | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| DXP ENTERPRISES, INC.                          | DXP ENTERPRISE INC                    | CUSIP: 233377407<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     33567 | NS      | $3685320.93   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| INNOVATIVE INDUSTRIAL PROPERTIES, INC.         | INNOVATIVE INDUSTRIAL PROPERTIES INC  | CUSIP: 45781V101<br>LEI: 5493008BQ0545EZXRR30 | Long             | EC               | CORP              | US        |     74822 | NS      | $3543569.92   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| VIATRIS INC.                                   | VIATRIS INC                           | CUSIP: 92556V106<br>LEI: 254900ZZTSW7NL773X71 | Long             | EC               | CORP              | US        |    439796 | NS      | $5475460.20   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| IONIS PHARMACEUTICALS, INC.                    | IONIS PHARMACEUTICALS INC             | CUSIP: 462222100<br>LEI: 549300SI4ZGLG0BLUZ92 | Long             | EC               | CORP              | US        |     35324 | NS      | $2794481.64   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| COEUR MINING, INC.                             | COEUR MINING INC                      | CUSIP: 192108504<br>LEI: 5493003AVK173D48DR70 | Long             | EC               | CORP              | US        |    137262 | NS      | $2447381.46   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| WERNER ENTERPRISES, INC.                       | WERNER ENTERPRISES INC                | CUSIP: 950755108<br>LEI: 549300P6XRGOCHHJST37 | Long             | EC               | CORP              | US        |    164907 | NS      | $4948859.07   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| DANA INCORPORATED                              | DANA INC                              | CUSIP: 235825205<br>LEI: KVWHW7YLZPFJM8QYNJ51 | Long             | EC               | CORP              | US        |    158511 | NS      | $3766221.36   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| FIRST HORIZON CORPORATION                      | FIRST HORIZON CORP                    | CUSIP: 320517105<br>LEI: TF3RXI1ZB1TQ30H9JV10 | Long             | EC               | CORP              | US        |    219051 | NS      | $5235318.90   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| QUANTUMSCAPE CORPORATION                       | QUANTUMSCAPE CORP                     | CUSIP: 74767V109<br>LEI: 529900JQVOM1M73BJE28 | Long             | EC               | CORP              | US        |    170285 | NS      | $1774369.70   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| CIPHER MINING INC.                             | CIPHER MINING INC                     | CUSIP: 17253J106<br>LEI: 254900QABG5HCQZ28A17 | Long             | EC               | CORP              | US        |    102255 | NS      | $1509283.80   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| TRI POINTE HOMES, INC.                         | TRI POINTE HOMES INC                  | CUSIP: 87265H109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    137329 | NS      | $4321743.63   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| EASTERLY GOVERNMENT PROPERTIES, INC.           | EASTERLY GOVERNMENT PROPERTIES INC    | CUSIP: 27616P301<br>LEI: 549300ERMCEFC6S8HL77 | Long             | EC               | CORP              | US        |    253164 | NS      | $5364545.16   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| RIOT PLATFORMS, INC.                           | RIOT PLATFORMS INC                    | CUSIP: 767292105<br>LEI: 5299005LKZAJQDQZDF73 | Long             | EC               | CORP              | US        |    129007 | NS      | $1634518.69   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| PERRIGO COMPANY PUBLIC LIMITED COMPANY         | PERRIGO CO PLC                        | CUSIP: G97822103<br>LEI: 549300IFOQS6R1QLY196 | Long             | EC               | CORP              | IE        |    280794 | NS      | $3908652.48   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Ouster Inc                                     | OUSTER INC                            | CUSIP: 68989M202<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     90631 | NS      | $1961254.84   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| ACM Research Inc                               | ACM RESEARCH INC                      | CUSIP: 00108J109<br>LEI: 549300MCTENUWL2GJL61 | Long             | EC               | CORP              | US        |     68535 | NS      | $2703705.75   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| STARWOOD PROPERTY TRUST, INC.                  | STARWOOD PROPERTY TRUST INC           | CUSIP: 85571B105<br>LEI: BUGSFQZERKRBFWIG5267 | Long             | EC               | CORP              | US        |    411129 | NS      | $7404433.29   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| TKO GROUP HOLDINGS, INC.                       | TKO GROUP HOLDINGS INC                | CUSIP: 87256C101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     26073 | NS      | $5449257.00   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| HCI GROUP, INC.                                | HCI GROUP INC                         | CUSIP: 40416E103<br>LEI: 549300CZF7EZJH0MPH74 | Long             | EC               | CORP              | US        |     27506 | NS      | $5272625.14   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| BENCHMARK ELECTRONICS, INC.                    | BENCHMARK ELECTRONICS INC             | CUSIP: 08160H101<br>LEI: 549300W18RHYZOZKOP53 | Long             | EC               | CORP              | US        |     89150 | NS      | $3812054.00   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| FRANKLIN RESOURCES, INC.                       | FRANKLIN RESOURCES INC                | CUSIP: 354613101<br>LEI: RIFQSET379FOGTEFKS80 | Long             | EC               | CORP              | US        |    239360 | NS      | $5718310.40   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Quantum Computing Inc                          | QUANTUM COMPUTING INC                 | CUSIP: 74766W108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    178335 | NS      | $1829717.10   | 0.15%             |  |  |  | No            |                  1 | On Loan: —       |
| OPENLANE, INC.                                 | OPENLANE INC                          | CUSIP: 48238T109<br>LEI: 5493004HKD20LBSG7D03 | Long             | EC               | CORP              | US        |    177056 | NS      | $5272727.68   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| NETSTREIT CORP.                                | NETSTREIT CORP                        | CUSIP: 64119V303<br>LEI: 254900CJL0EDMEQ25Q84 | Long             | EC               | CORP              | US        |    455629 | NS      | $8037295.56   | 0.68%             |  |  |  | No            |                  1 | On Loan: —       |
| KILROY REALTY CORPORATION                      | KILROY REALTY CORP                    | CUSIP: 49427F108<br>LEI: 549300CXXI18B214UN80 | Long             | EC               | CORP              | US        |    128754 | NS      | $4811536.98   | 0.41%             |  |  |  | No            |                  1 | On Loan: —       |
| FLUOR CORPORATION.                             | FLUOR CORP                            | CUSIP: 343412102<br>LEI: CQ7WZ4NOFWT7FAE6Q943 | Long             | EC               | CORP              | US        |     69072 | NS      | $2737323.36   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| ARROWHEAD PHARMACEUTICALS, INC.                | ARROWHEAD PHARMACEUTICALS INC         | CUSIP: 04280A100<br>LEI: 549300O3CSB8T7OZ3D66 | Long             | EC               | CORP              | US        |     42012 | NS      | $2789176.68   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| BREAD FINANCIAL HOLDINGS, INC.                 | BREAD FINANCIAL HOLDINGS              | CUSIP: 018581108<br>LEI: 549300G8S4PO686J7H97 | Long             | EC               | CORP              | US        |     56432 | NS      | $4177660.96   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| RENAISSANCERE HOLDINGS LTD.                    | RENAISSANCERE HOLDINGS LTD            | CUSIP: G7496G103<br>LEI: EK6GB9U3U58PDI411C94 | Long             | EC               | CORP              | BM        |     23549 | NS      | $6621036.84   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| AZZ INC.                                       | AZZ INC                               | CUSIP: 002474104<br>LEI: 549300HD1X2NFLWPYC83 | Long             | EC               | CORP              | US        |     48379 | NS      | $5185261.22   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| RLJ LODGING TRUST                              | RLJ LODGING TRUST                     | CUSIP: 74965L101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    568409 | NS      | $4234647.05   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| O-I GLASS, INC.                                | O I GLASS INC                         | CUSIP: 67098H104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    287859 | NS      | $4248798.84   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| ONE GAS, INC.                                  | ONE GAS INC                           | CUSIP: 68235P108<br>LEI: 549300HXDWI0LATTX840 | Long             | EC               | CORP              | US        |    103456 | NS      | $7991976.00   | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| MACY'S, INC.                                   | MACY S INC                            | CUSIP: 55616P104<br>LEI: 529900NZQ81TIOW3CW52 | Long             | EC               | CORP              | US        |    134510 | NS      | $2965945.50   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| SOLVENTUM CORPORATION                          | SOLVENTUM CORP                        | CUSIP: 83444M101<br>LEI: 254900I70403OSGY4M28 | Long             | EC               | CORP              | US        |     60620 | NS      | $4803528.80   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| MSILF Government Portfolio                     | MSILF GOVERNMENT-INST                 | CUSIP: 61747C707<br>LEI: N/A                  | Long             | STIV             | RF                | US        |  12017246 | NS      | $12017246.26  | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Rigetti Computing Inc                          | RIGETTI COMPUTING INC                 | CUSIP: 76655K103<br>LEI: 52990024JHY459DH8W71 | Long             | EC               | CORP              | US        |     81845 | NS      | $1812866.75   | 0.15%             |  |  |  | No            |                  1 | On Loan: —       |
| ACADIA PHARMACEUTICALS INC.                    | ACADIA PHARMACEUTICALS INC            | CUSIP: 004225108<br>LEI: 529900O3044NO0PEA039 | Long             | EC               | CORP              | US        |    130128 | NS      | $3475718.88   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| LIFE360, INC.                                  | LIFE360 INC                           | CUSIP: 532206109<br>LEI: 254900VO9VDOQBQAHF07 | Long             | EC               | CORP              | US        |     32682 | NS      | $2096223.48   | 0.18%             |  |  |  | No            |                  1 | On Loan: —       |
| BOISE CASCADE COMPANY                          | BOISE CASCADE CO                      | CUSIP: 09739D100<br>LEI: 549300Z8B8LSRHC7XA55 | Long             | EC               | CORP              | US        |     56272 | NS      | $4141619.20   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| PATRICK INDUSTRIES, INC.                       | PATRICK INDUSTRIES INC                | CUSIP: 703343103<br>LEI: 549300FZ5ZTCCJ3Z5W14 | Long             | EC               | CORP              | US        |     44082 | NS      | $4779811.26   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| ADAPTHEALTH CORP.                              | ADAPTHEALTH CORP                      | CUSIP: 00653Q102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    355029 | NS      | $3536088.84   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| CONCENTRIX CORPORATION                         | CONCENTRIX CORP                       | CUSIP: 20602D101<br>LEI: 5493000EAJN1KMPVA737 | Long             | EC               | CORP              | US        |     65290 | NS      | $2714758.20   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| PEBBLEBROOK HOTEL TRUST                        | PEBBLEBROOK HOTEL TRUST               | CUSIP: 70509V100<br>LEI: 5493004Q1NNH6JXCSI52 | Long             | EC               | CORP              | US        |    297750 | NS      | $3370530.00   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| RESIDEO TECHNOLOGIES, INC.                     | RESIDEO TECHNOLOGIES INC              | CUSIP: 76118Y104<br>LEI: 5493006TKFPYISY2DS54 | Long             | EC               | CORP              | US        |     86184 | NS      | $3026782.08   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| GRAHAM HOLDINGS COMPANY                        | GRAHAM HOLDINGS CO                    | CUSIP: 384637104<br>LEI: 529900BOSCEEEMAFQJ29 | Long             | EC               | CORP              | US        |      4955 | NS      | $5443563.00   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| FIRSTCASH HOLDINGS, INC.                       | FIRSTCASH HOLDINGS INC                | CUSIP: 33768G107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     35844 | NS      | $5712816.72   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| MERCURY GENERAL CORPORATION                    | MERCURY GENERAL CORP                  | CUSIP: 589400100<br>LEI: 5493001Q9EXPCEL4W527 | Long             | EC               | CORP              | US        |     61220 | NS      | $5758353.20   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| DROPBOX, INC.                                  | DROPBOX INC                           | CUSIP: 26210C104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    198876 | NS      | $5528752.80   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| GCI LIBERTY INC ESCROW                         | GCI LIBERTY INC ESCROW                | CUSIP: 361ESC049<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4908 | NS      | $49.08        | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| RITHM CAPITAL CORP.                            | RITHM CAPITAL CORP                    | CUSIP: 64828T201<br>LEI: 549300WNTHGEO5LP2G31 | Long             | EC               | CORP              | US        |    599403 | NS      | $6533492.70   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| ALLY FINANCIAL INC.                            | ALLY FINANCIAL INC                    | CUSIP: 02005N100<br>LEI: 549300JBN1OSM8YNAI90 | Long             | EC               | CORP              | US        |    114001 | NS      | $5163105.29   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Customers Bancorp, Inc.                        | CUSTOMERS BANCORP INC                 | CUSIP: 23204G100<br>LEI: 549300WLBCHYKZ53FN68 | Long             | EC               | CORP              | US        |     60887 | NS      | $4452057.44   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| OLD REPUBLIC INTERNATIONAL CORPORATION         | OLD REPUBLIC INTERNATIONAL CORP       | CUSIP: 680223104<br>LEI: 549300IV6O2YY2A1KH37 | Long             | EC               | CORP              | US        |    158711 | NS      | $7243570.04   | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| IRHYTHM TECHNOLOGIES, INC.                     | IRHYTHM TECHNOLOGIES INC              | CUSIP: 450056106<br>LEI: 549300FJI72RJGDQS384 | Long             | EC               | CORP              | US        |     19791 | NS      | $3511715.04   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| ACADIA HEALTHCARE COMPANY, INC.                | ACADIA HEALTHCARE CO INC              | CUSIP: 00404A109<br>LEI: 5493005CW985Y9D0NC11 | Long             | EC               | CORP              | US        |    170989 | NS      | $2426333.91   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| KB HOME                                        | KB HOME                               | CUSIP: 48666K109<br>LEI: 549300LGUCWQURMWLG09 | Long             | EC               | CORP              | US        |     69185 | NS      | $3902725.85   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| BRIGHTHOUSE FINANCIAL, INC.                    | BRIGHTHOUSE FINANCIAL INC             | CUSIP: 10922N103<br>LEI: 5493003T8SZSHOGGAW52 | Long             | EC               | CORP              | US        |     35760 | NS      | $2316890.40   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| DXC TECHNOLOGY COMPANY                         | DXC TECHNOLOGY CO                     | CUSIP: 23355L106<br>LEI: 549300DOVZ3EDJB7O259 | Long             | EC               | CORP              | US        |    286859 | NS      | $4202484.35   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| PRICESMART, INC.                               | PRICESMART INC                        | CUSIP: 741511109<br>LEI: 549300JVYOSTGVSDZS46 | Long             | EC               | CORP              | US        |     47751 | NS      | $5857615.17   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Adaptive Biotechnologies Corp                  | ADAPTIVE BIOTECHNOLOGIES              | CUSIP: 00650F109<br>LEI: 549300ZTF7OT1FW66Q96 | Long             | EC               | CORP              | US        |    113677 | NS      | $1846114.48   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| FOX FACTORY HOLDING CORP.                      | FOX FACTORY HOLDING CORP              | CUSIP: 35138V102<br>LEI: 529900GE1HSV0617R721 | Long             | EC               | CORP              | US        |    172449 | NS      | $2950602.39   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| INTERNATIONAL SEAWAYS, INC.                    | INTERNATIONAL SEAWAYS INC             | CUSIP: Y41053102<br>LEI: 549300YUFDGFRNGBWF46 | Long             | EC               | CORP              | MH        |     78884 | NS      | $3829818.20   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITED NATURAL FOODS, INC.                     | UNITED NATURAL FOODS INC              | CUSIP: 911163103<br>LEI: 549300GKGW6WPZ282D40 | Long             | EC               | CORP              | US        |     87277 | NS      | $2938616.59   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| PACIRA BIOSCIENCES, INC.                       | PACIRA BIOSCIENCES INC                | CUSIP: 695127100<br>LEI: 549300P56LERYBDHCF69 | Long             | EC               | CORP              | US        |    174879 | NS      | $4525868.52   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| HIGHWOODS PROPERTIES, INC.                     | HIGHWOODS PROPERTIES INC              | CUSIP: 431284108<br>LEI: ZIIGTYKL9T0X3HLTDX53 | Long             | EC               | CORP              | US        |    239865 | NS      | $6193314.30   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| PEABODY ENERGY CORPORATION                     | PEABODY ENERGY CORP                   | CUSIP: 704551100<br>LEI: EJCO258LNNVSKAR2JX59 | Long             | EC               | CORP              | US        |     94225 | NS      | $2798482.50   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| MP MATERIALS CORP                              | MP MATERIALS CORP                     | CUSIP: 553368101<br>LEI: 89450063PHPS61USMT84 | Long             | EC               | CORP              | US        |     33696 | NS      | $1702321.92   | 0.14%             |  |  |  | No            |                  1 | On Loan: —       |
| GREIF, INC.                                    | GREIF INC CL A                        | CUSIP: 397624107<br>LEI: 54930070FVGKR0Z1FI24 | Long             | EC               | CORP              | US        |     78264 | NS      | $5298472.80   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| BLOOM ENERGY CORPORATION                       | BLOOM ENERGY CORP                     | CUSIP: 093712107<br>LEI: 549300XB5J9BFW5JXV97 | Long             | EC               | CORP              | US        |     19049 | NS      | $1655167.61   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| W.P. CAREY INC.                                | WP CAREY INC                          | CUSIP: 92936U109<br>LEI: 54930042CRNE713E3Q67 | Long             | EC               | CORP              | US        |    134186 | NS      | $8636210.96   | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| SM ENERGY COMPANY                              | SM ENERGY CO                          | CUSIP: 78454L100<br>LEI: 84BUTVXV5ODI6BXNMH43 | Long             | EC               | CORP              | US        |    143146 | NS      | $2676830.20   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| MIRUM PHARMACEUTICALS, INC.                    | MIRUM PHARMACEUTICALS INC             | CUSIP: 604749101<br>LEI: 254900YZKR40F7F27K81 | Long             | EC               | CORP              | US        |     58506 | NS      | $4621388.94   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| ESCO TECHNOLOGIES INC.                         | ESCO TECHNOLOGIES INC                 | CUSIP: 296315104<br>LEI: 5493007JJLP5MEWVDH10 | Long             | EC               | CORP              | US        |     25518 | NS      | $4985962.02   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| FIVE BELOW, INC.                               | FIVE BELOW                            | CUSIP: 33829M101<br>LEI: 529900AAXP5Z6BGI7418 | Long             | EC               | CORP              | US        |     16234 | NS      | $3057836.24   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| MASTERBRAND, INC.                              | MASTERBRAND INC                       | CUSIP: 57638P104<br>LEI: 549300E0Y4BR5Z9RDZ64 | Long             | EC               | CORP              | US        |    279002 | NS      | $3080182.08   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| VISHAY INTERTECHNOLOGY, INC.                   | VISHAY INTERTECHNOLOGY INC            | CUSIP: 928298108<br>LEI: 5493009O8F3QQJTCQR75 | Long             | EC               | CORP              | US        |    189666 | NS      | $2748260.34   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| ARBOR REALTY TRUST, INC.                       | ARBOR REALTY TRUST INC                | CUSIP: 038923108<br>LEI: 549300ASFUWYQO0RW077 | Long             | EC               | CORP              | US        |    473785 | NS      | $3676571.60   | 0.31%             |  |  |  | No            |                  1 | On Loan: —       |
| INNOVIVA, INC.                                 | INNOVIVA INC                          | CUSIP: 45781M101<br>LEI: 549300ACOX4QTBES6535 | Long             | EC               | CORP              | US        |    262855 | NS      | $5254471.45   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| AST SPACEMOBILE, INC.                          | AST SPACEMOBILE INC                   | CUSIP: 00217D100<br>LEI: 254900MBSC9P2UCI6623 | Long             | EC               | CORP              | US        |     37182 | NS      | $2700528.66   | 0.23%             |  |  |  | No            |                  1 | On Loan: —       |
| ZOOMINFO TECHNOLOGIES INC.                     | ZOOMINFO TECHNOLOGIES INC A           | CUSIP: 98980F104<br>LEI: 2549008GSAHW4UWFEM58 | Long             | EC               | CORP              | US        |    316138 | NS      | $3215123.46   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-01-30

**Name of Applicant:** Victory Portfolios II

**Signature:** Carol Trevino

**Name of Signer:** Carol Trevino

**Title:** Treasurer