# EDGAR Filing Document

**Accession Number:** 0000878719
**File Stem:** 0002048251-25-000367
**Filing Date:** 2025-9
**Character Count:** 84187
**Document Hash:** 9af047aa8f3288779b23d18a65e58fe1
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002048251-25-000367.hdr.sgml**: 20250926

**ACCESSION NUMBER**: 0002048251-25-000367

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250731

**FILED AS OF DATE**: 20250926

**DATE AS OF CHANGE**: 20250926

**PERIOD START**: 20251031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** ADVISORS' INNER CIRCLE FUND
- **CENTRAL INDEX KEY:** 0000878719

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-06400
- **FILM NUMBER:** 251348328

**BUSINESS ADDRESS:**
- **STREET 1:** 1 FREEDOM VALLEY DRIVE
- **CITY:** OAKS
- **STATE:** PA
- **ZIP:** 19087
- **BUSINESS PHONE:** 8009327781

**MAIL ADDRESS:**
- **STREET 1:** 1 FREEDOM VALLEY DRIVE
- **CITY:** OAKS
- **STATE:** PA
- **ZIP:** 19087

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ADVISORS INNER CIRCLE FUND
- **DATE OF NAME CHANGE:** 19920929

## Series and Classes Contracts Data

### LSV CONSERVATIVE VALUE EQUITY FUND (Series ID: S000016708)

| Class ID   | Class Name                 | Ticker Symbol   |
|:---|:---|:---|
| C000046678 | Institutional Class Shares | LSVVX           |
| C000142890 | Investor Class Shares      | LVAVX           |

## Nport-Ex

**Schedule of Investments**<br> July 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **LSV Conservative Value Equity Fund** | | |
|  | Shares | Value (000) |
| **Common Stock (99.8%)** |  |  |
| **Communication Services (8.1%)** |  |  |
| &nbsp;&nbsp;&nbsp;Alphabet, Cl C | 3600 | $694 |
| &nbsp;&nbsp;&nbsp;Alphabet, Cl A | 9600 | 1843 |
| &nbsp;&nbsp;&nbsp;AT&T | 58000 | 1590 |
| &nbsp;&nbsp;&nbsp;Comcast, Cl A | 37400 | 1243 |
| &nbsp;&nbsp;&nbsp;Electronic Arts | 4100 | 625 |
| &nbsp;&nbsp;&nbsp;Fox | 9300 | 518 |
| &nbsp;&nbsp;&nbsp;Meta Platforms, Cl A | 700 | 541 |
| &nbsp;&nbsp;&nbsp;Nexstar Media Group, Cl A | 2500 | 468 |
| &nbsp;&nbsp;&nbsp;TEGNA | 15800 | 264 |
| &nbsp;&nbsp;&nbsp;T-Mobile US | 1600 | 381 |
| &nbsp;&nbsp;&nbsp;Verizon Communications | 36500 | 1561 |
| &nbsp;&nbsp;&nbsp;Walt Disney | 5600 | 667 |
|  |  | 10395 |
| **Consumer Discretionary (8.6%)** |  |  |
| &nbsp;&nbsp;&nbsp;Amazon.com\* | 8700 | 2036 |
| &nbsp;&nbsp;&nbsp;AutoNation\* | 2300 | 443 |
| &nbsp;&nbsp;&nbsp;Best Buy | 4500 | 293 |
| &nbsp;&nbsp;&nbsp;Bloomin' Brands | 17500 | 159 |
| &nbsp;&nbsp;&nbsp;BorgWarner | 10200 | 375 |
| &nbsp;&nbsp;&nbsp;Dick's Sporting Goods | 1700 | 360 |
| &nbsp;&nbsp;&nbsp;DR Horton | 2200 | 314 |
| &nbsp;&nbsp;&nbsp;eBay | 10000 | 918 |
| &nbsp;&nbsp;&nbsp;Ford Motor | 76100 | 842 |
| &nbsp;&nbsp;&nbsp;General Motors | 16200 | 865 |
| &nbsp;&nbsp;&nbsp;Goodyear Tire & Rubber\* | 17465 | 180 |
| &nbsp;&nbsp;&nbsp;Guess? | 18400 | 239 |
| &nbsp;&nbsp;&nbsp;H&R Block | 5400 | 293 |
| &nbsp;&nbsp;&nbsp;Harley-Davidson | 8400 | 204 |
| &nbsp;&nbsp;&nbsp;Lear | 2400 | 226 |
| &nbsp;&nbsp;&nbsp;Lennar, Cl A | 3400 | 382 |
| &nbsp;&nbsp;&nbsp;Lowe's | 1100 | 246 |
| &nbsp;&nbsp;&nbsp;McDonald's | 2400 | 720 |
| &nbsp;&nbsp;&nbsp;Phinia | 2040 | 103 |
| &nbsp;&nbsp;&nbsp;PulteGroup | 5500 | 620 |
| &nbsp;&nbsp;&nbsp;PVH | 2900 | 213 |
| &nbsp;&nbsp;&nbsp;Signet Jewelers | 4300 | 340 |
| &nbsp;&nbsp;&nbsp;Toll Brothers | 3200 | 379 |
| &nbsp;&nbsp;&nbsp;Whirlpool | 2300 | 191 |
|  |  | 10941 |
| **Consumer Staples (9.3%)** |  |  |
| &nbsp;&nbsp;&nbsp;Albertsons, Cl A | 17700 | 340 |
| &nbsp;&nbsp;&nbsp;Altria Group | 20000 | 1240 |
| &nbsp;&nbsp;&nbsp;Archer-Daniels-Midland | 9900 | 536 |
| &nbsp;&nbsp;&nbsp;Bunge Global | 6000 | 479 |
| &nbsp;&nbsp;&nbsp;Campbell Soup | 8900 | 284 |
| &nbsp;&nbsp;&nbsp;Coca-Cola | 4300 | 292 |
| &nbsp;&nbsp;&nbsp;Conagra Brands | 15900 | 290 |
| &nbsp;&nbsp;&nbsp;Energizer Holdings | 9800 | 221 |
| &nbsp;&nbsp;&nbsp;General Mills | 9600 | 470 |
| &nbsp;&nbsp;&nbsp;Ingredion | 3500 | 460 |
| &nbsp;&nbsp;&nbsp;JM Smucker | 4000 | 429 |

---

---

| | | |
|:---|:---|:---|
| **LSV Conservative Value Equity Fund** | | |
|  | Shares | Value (000) |
| **Consumer Staples (continued)** |  |  |
| &nbsp;&nbsp;&nbsp;Kraft Heinz | 21860 | $600 |
| &nbsp;&nbsp;&nbsp;Kroger | 11000 | 771 |
| &nbsp;&nbsp;&nbsp;Molson Coors Beverage, Cl B | 11000 | 536 |
| &nbsp;&nbsp;&nbsp;PepsiCo | 2000 | 276 |
| &nbsp;&nbsp;&nbsp;Philip Morris International | 6800 | 1116 |
| &nbsp;&nbsp;&nbsp;Procter & Gamble | 8100 | 1219 |
| &nbsp;&nbsp;&nbsp;Target | 7000 | 704 |
| &nbsp;&nbsp;&nbsp;Walmart | 16600 | 1626 |
|  |  | 11889 |
| **Energy (7.3%)** |  |  |
| &nbsp;&nbsp;&nbsp;APA | 14300 | 276 |
| &nbsp;&nbsp;&nbsp;Chevron | 8300 | 1259 |
| &nbsp;&nbsp;&nbsp;ConocoPhillips | 13300 | 1268 |
| &nbsp;&nbsp;&nbsp;Coterra Energy | 14300 | 349 |
| &nbsp;&nbsp;&nbsp;Devon Energy | 6100 | 203 |
| &nbsp;&nbsp;&nbsp;EOG Resources | 5700 | 683 |
| &nbsp;&nbsp;&nbsp;ExxonMobil | 25900 | 2891 |
| &nbsp;&nbsp;&nbsp;Halliburton | 10900 | 244 |
| &nbsp;&nbsp;&nbsp;HF Sinclair | 6220 | 273 |
| &nbsp;&nbsp;&nbsp;Marathon Petroleum | 4300 | 732 |
| &nbsp;&nbsp;&nbsp;Phillips 66 | 3000 | 371 |
| &nbsp;&nbsp;&nbsp;Scorpio Tankers | 4300 | 194 |
| &nbsp;&nbsp;&nbsp;Valero Energy | 4200 | 577 |
|  |  | 9320 |
| **Financials (24.2%)** |  |  |
| &nbsp;&nbsp;&nbsp;Aflac | 3800 | 378 |
| &nbsp;&nbsp;&nbsp;Ally Financial | 10200 | 386 |
| &nbsp;&nbsp;&nbsp;American International Group | 8700 | 675 |
| &nbsp;&nbsp;&nbsp;Ameriprise Financial | 900 | 466 |
| &nbsp;&nbsp;&nbsp;Bank of America | 36200 | 1711 |
| &nbsp;&nbsp;&nbsp;Bank of New York Mellon | 10900 | 1106 |
| &nbsp;&nbsp;&nbsp;Berkshire Hathaway, Cl B\* | 8700 | 4105 |
| &nbsp;&nbsp;&nbsp;BlackRock Funding | 300 | 332 |
| &nbsp;&nbsp;&nbsp;Chubb | 1300 | 346 |
| &nbsp;&nbsp;&nbsp;Citigroup | 15500 | 1452 |
| &nbsp;&nbsp;&nbsp;Citizens Financial Group | 9500 | 453 |
| &nbsp;&nbsp;&nbsp;Fidelity National Financial | 7300 | 412 |
| &nbsp;&nbsp;&nbsp;Fiserv\* | 1900 | 264 |
| &nbsp;&nbsp;&nbsp;FS KKR Capital | 12100 | 253 |
| &nbsp;&nbsp;&nbsp;Global Payments | 2100 | 168 |
| &nbsp;&nbsp;&nbsp;Goldman Sachs Group | 1300 | 941 |
| &nbsp;&nbsp;&nbsp;Hartford Financial Services Group | 6000 | 746 |
| &nbsp;&nbsp;&nbsp;JPMorgan Chase | 13500 | 4000 |
| &nbsp;&nbsp;&nbsp;M&T Bank | 2100 | 396 |
| &nbsp;&nbsp;&nbsp;MetLife | 9900 | 753 |
| &nbsp;&nbsp;&nbsp;MGIC Investment | 16100 | 417 |
| &nbsp;&nbsp;&nbsp;Morgan Stanley | 10400 | 1483 |
| &nbsp;&nbsp;&nbsp;Navient | 17400 | 225 |
| &nbsp;&nbsp;&nbsp;Old Republic International | 11600 | 420 |
| &nbsp;&nbsp;&nbsp;PayPal Holdings\* | 14200 | 976 |

---

**Schedule of Investments**<br> July 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **LSV Conservative Value Equity Fund** | | |
|  | Shares | Value (000) |
| **Financials (continued)** |  |  |
| &nbsp;&nbsp;&nbsp;PNC Financial Services Group | 2100 | $400 |
| &nbsp;&nbsp;&nbsp;Prudential Financial | 3400 | 352 |
| &nbsp;&nbsp;&nbsp;Radian Group | 11200 | 365 |
| &nbsp;&nbsp;&nbsp;Regions Financial | 17900 | 453 |
| &nbsp;&nbsp;&nbsp;S&P Global | 500 | 276 |
| &nbsp;&nbsp;&nbsp;State Street | 6800 | 760 |
| &nbsp;&nbsp;&nbsp;Synchrony Financial | 10800 | 752 |
| &nbsp;&nbsp;&nbsp;Synovus Financial | 5700 | 269 |
| &nbsp;&nbsp;&nbsp;Travelers | 1900 | 494 |
| &nbsp;&nbsp;&nbsp;Truist Financial | 9100 | 398 |
| &nbsp;&nbsp;&nbsp;Unum Group | 7600 | 546 |
| &nbsp;&nbsp;&nbsp;US Bancorp | 9300 | 418 |
| &nbsp;&nbsp;&nbsp;Wells Fargo | 27400 | 2210 |
| &nbsp;&nbsp;&nbsp;Western Union | 10800 | 87 |
| &nbsp;&nbsp;&nbsp;Zions Bancorp | 7200 | 386 |
|  |  | 31030 |
| **Health Care (14.3%)** |  |  |
| &nbsp;&nbsp;&nbsp;Abbott Laboratories | 4400 | 555 |
| &nbsp;&nbsp;&nbsp;Baxter International | 12200 | 265 |
| &nbsp;&nbsp;&nbsp;Boston Scientific<sup>\*</sup> | 4200 | 441 |
| &nbsp;&nbsp;&nbsp;Bristol-Myers Squibb | 23000 | 996 |
| &nbsp;&nbsp;&nbsp;Cardinal Health | 2900 | 450 |
| &nbsp;&nbsp;&nbsp;Centene\* | 12500 | 326 |
| &nbsp;&nbsp;&nbsp;Cigna Group | 3300 | 882 |
| &nbsp;&nbsp;&nbsp;CVS Health | 16200 | 1006 |
| &nbsp;&nbsp;&nbsp;DaVita\* | 2300 | 323 |
| &nbsp;&nbsp;&nbsp;Elevance Health | 900 | 255 |
| &nbsp;&nbsp;&nbsp;Exelixis\* | 10000 | 362 |
| &nbsp;&nbsp;&nbsp;Gilead Sciences | 9900 | 1112 |
| &nbsp;&nbsp;&nbsp;Harmony Biosciences Holdings\* | 12200 | 429 |
| &nbsp;&nbsp;&nbsp;HCA Healthcare | 2200 | 779 |
| &nbsp;&nbsp;&nbsp;Incyte\* | 8100 | 607 |
| &nbsp;&nbsp;&nbsp;Jazz Pharmaceuticals\* | 3800 | 436 |
| &nbsp;&nbsp;&nbsp;Johnson & Johnson | 14200 | 2340 |
| &nbsp;&nbsp;&nbsp;McKesson | 500 | 347 |
| &nbsp;&nbsp;&nbsp;Medtronic | 10700 | 966 |
| &nbsp;&nbsp;&nbsp;Merck | 13100 | 1023 |
| &nbsp;&nbsp;&nbsp;Organon | 17000 | 165 |
| &nbsp;&nbsp;&nbsp;Pfizer | 53600 | 1249 |
| &nbsp;&nbsp;&nbsp;Solventum\* | 2150 | 153 |
| &nbsp;&nbsp;&nbsp;Thermo Fisher Scientific | 900 | 421 |
| &nbsp;&nbsp;&nbsp;United Therapeutics\* | 1500 | 412 |
| &nbsp;&nbsp;&nbsp;UnitedHealth Group | 3500 | 873 |
| &nbsp;&nbsp;&nbsp;Universal Health Services, Cl B | 2200 | 366 |
| &nbsp;&nbsp;&nbsp;Viatris, Cl W | 35900 | 314 |
| &nbsp;&nbsp;&nbsp;Zimmer Biomet Holdings | 3900 | 357 |
|  |  | 18210 |
| **Industrials (11.2%)** |  |  |
| &nbsp;&nbsp;&nbsp;3M | 3100 | 463 |
| &nbsp;&nbsp;&nbsp;AGCO | 3900 | 460 |

---

---

| | | |
|:---|:---|:---|
| **LSV Conservative Value Equity Fund** | | |
|  | Shares | Value (000) |
| **Industrials (continued)** |  |  |
| &nbsp;&nbsp;&nbsp;Allison Transmission |  |  |
| &nbsp;&nbsp;&nbsp;Holdings | 5600 | $504 |
| &nbsp;&nbsp;&nbsp;ArcBest | 3300 | 241 |
| &nbsp;&nbsp;&nbsp;Brink's | 3700 | 323 |
| &nbsp;&nbsp;&nbsp;Builders FirstSource\* | 3300 | 420 |
| &nbsp;&nbsp;&nbsp;Caterpillar | 2800 | 1226 |
| &nbsp;&nbsp;&nbsp;CNH Industrial | 39300 | 509 |
| &nbsp;&nbsp;&nbsp;Cummins | 2300 | 846 |
| &nbsp;&nbsp;&nbsp;Deere | 1100 | 577 |
| &nbsp;&nbsp;&nbsp;Delta Air Lines | 15600 | 830 |
| &nbsp;&nbsp;&nbsp;FedEx | 3600 | 805 |
| &nbsp;&nbsp;&nbsp;General Electric | 2300 | 623 |
| &nbsp;&nbsp;&nbsp;Honeywell International | 1900 | 422 |
| &nbsp;&nbsp;&nbsp;Lockheed Martin | 1600 | 674 |
| &nbsp;&nbsp;&nbsp;Oshkosh | 3600 | 456 |
| &nbsp;&nbsp;&nbsp;Owens Corning | 3300 | 460 |
| &nbsp;&nbsp;&nbsp;PACCAR | 4600 | 454 |
| &nbsp;&nbsp;&nbsp;RTX | 3900 | 615 |
| &nbsp;&nbsp;&nbsp;Ryder System | 4100 | 729 |
| &nbsp;&nbsp;&nbsp;Science Applications International | 2301 | 257 |
| &nbsp;&nbsp;&nbsp;Snap-on | 1500 | 482 |
| &nbsp;&nbsp;&nbsp;SS&C Technologies Holdings | 4500 | 385 |
| &nbsp;&nbsp;&nbsp;Textron | 7000 | 544 |
| &nbsp;&nbsp;&nbsp;United Airlines Holdings\* | 7100 | 627 |
| &nbsp;&nbsp;&nbsp;Upwork\* | 20100 | 240 |
|  |  | 14172 |
| **Information Technology (9.9%)** |  |  |
| &nbsp;&nbsp;&nbsp;Accenture, Cl A | 1000 | 267 |
| &nbsp;&nbsp;&nbsp;Amdocs | 5000 | 427 |
| &nbsp;&nbsp;&nbsp;Amkor Technology | 9700 | 219 |
| &nbsp;&nbsp;&nbsp;Applied Materials | 4600 | 828 |
| &nbsp;&nbsp;&nbsp;Arrow Electronics\* | 3500 | 406 |
| &nbsp;&nbsp;&nbsp;Cirrus Logic\* | 3900 | 393 |
| &nbsp;&nbsp;&nbsp;Cisco Systems | 33100 | 2254 |
| &nbsp;&nbsp;&nbsp;Cognizant Technology Solutions, Cl A | 6500 | 466 |
| &nbsp;&nbsp;&nbsp;Dell Technologies, Cl C | 3900 | 517 |
| &nbsp;&nbsp;&nbsp;Dropbox, Cl A\* | 14100 | 383 |
| &nbsp;&nbsp;&nbsp;DXC Technology\* | 12508 | 170 |
| &nbsp;&nbsp;&nbsp;Flex\* | 14200 | 708 |
| &nbsp;&nbsp;&nbsp;Hewlett Packard Enterprise | 34600 | 715 |
| &nbsp;&nbsp;&nbsp;HP | 19100 | 474 |
| &nbsp;&nbsp;&nbsp;International Business Machines | 1800 | 456 |
| &nbsp;&nbsp;&nbsp;Jabil | 2600 | 580 |
| &nbsp;&nbsp;&nbsp;Micron Technology | 7300 | 797 |
| &nbsp;&nbsp;&nbsp;NetApp | 3100 | 323 |
| &nbsp;&nbsp;&nbsp;QUALCOMM | 4000 | 587 |
| &nbsp;&nbsp;&nbsp;Salesforce | 1200 | 310 |
| &nbsp;&nbsp;&nbsp;Skyworks Solutions | 4200 | 288 |
| &nbsp;&nbsp;&nbsp;TD SYNNEX | 3500 | 505 |

---

**Schedule of Investments**<br> July 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **LSV Conservative Value Equity Fund** | | |
|  | Shares | Value (000) |
| **Information Technology (continued)** |  |  |
| &nbsp;&nbsp;&nbsp;Zoom Video |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Communications, Cl A\* | 6100 | $452 |
|  |  | 12525 |
| **Materials (2.9%)** |  |  |
| &nbsp;&nbsp;&nbsp;Eastman Chemical | 4700 | 341 |
| &nbsp;&nbsp;&nbsp;Linde | 1200 | 552 |
| &nbsp;&nbsp;&nbsp;LyondellBasell Industries, Cl A | 4300 | 249 |
| &nbsp;&nbsp;&nbsp;Mosaic | 9500 | 342 |
| &nbsp;&nbsp;&nbsp;NewMarket | 700 | 481 |
| &nbsp;&nbsp;&nbsp;Newmont | 17100 | 1062 |
| &nbsp;&nbsp;&nbsp;Steel Dynamics | 3200 | 408 |
| &nbsp;&nbsp;&nbsp;Sylvamo | 5500 | 253 |
|  |  | 3688 |
| **Real Estate (1.5%)** |  |  |
| &nbsp;&nbsp;&nbsp;Brixmor Property Group‡ | 13900 | 363 |
| &nbsp;&nbsp;&nbsp;BXP | 5600 | 366 |
| &nbsp;&nbsp;&nbsp;Host Hotels & Resorts‡ | 24500 | 385 |
| &nbsp;&nbsp;&nbsp;Innovative Industrial Properties, Cl A‡ | 3300 | 171 |
| &nbsp;&nbsp;&nbsp;MILLROSE PROPERTIES-CL A W/I | 2250 | 67 |
| &nbsp;&nbsp;&nbsp;Sabra Health Care REIT‡ | 25700 | 463 |
|  |  | 1815 |
| **Utilities (2.5%)** |  |  |
| &nbsp;&nbsp;&nbsp;American Electric Power | 5700 | 645 |
| &nbsp;&nbsp;&nbsp;Edison International | 6500 | 339 |
| &nbsp;&nbsp;&nbsp;Entergy | 2900 | 262 |
| &nbsp;&nbsp;&nbsp;Evergy | 6300 | 446 |
| &nbsp;&nbsp;&nbsp;Exelon | 9100 | 409 |
| &nbsp;&nbsp;&nbsp;NRG Energy | 3700 | 619 |
| &nbsp;&nbsp;&nbsp;UGI | 11900 | 431 |
|  |  | 3151 |
| **TOTAL COMMON STOCK** |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $106,199) |  | 127136 |

---

---

| | | |
|:---|:---|:---|
| **LSV Conservative Value Equity Fund** | | |
|  | Face<br> Amount<br> (000) | Value (000) |
| **Repurchase Agreement (0.1%)** |  |  |
| &nbsp;&nbsp;&nbsp;South Street Securities 4.000%, dated 07/31/2025, to be repurchased on 08/01/2025, repurchase price $73 (collateralized by various U.S. Treasury obligations, ranging in par value $0 - $20, 0.625% - 4.625%, 07/31/2026 – 01/31/2032; total market value $75) | $73 | $73 |
| **TOTAL REPURCHASE AGREEMENT** |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $73) |  | 73 |
| **Total Investments – 99.9%** |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $106,272) |  | $127209 |

---

*Percentages are based on Net Assets of $127,378 (000).*

*\** *Non-income producing security.*

&nbsp;&nbsp;&nbsp;&nbsp;*‡* *Real Estate Investment Trust.* 

*Cl — Class*

*REIT — Real Estate Investment Trust*

*LSV-QH-002-3800*

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** ADVISORS' INNER CIRCLE FUND

- **b. Investment Company Act file number:** 811-06400

- **c. CIK number of Registrant:** 0000878719

- **d. LEI of Registrant:** 549300LRWL70Z8CGWD77

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

  - **Street Address 1:** ONE FREEDOM VALLEY DRIVE

  - **City:** OAKS

  - **State:** PA

  - **Foreign country:** US

  - **Zip / Postal Code:** 19456

  - **Telephone number:** 8774463863

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

- **a. Name of Series:** LSV Conservative Value Equity Fund

- **b. EDGAR series identifier (if any):** S000016708

- **c. LEI of Series:** 5493005K841J4T5WW174

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

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

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $127464332.66

**Total Liabilities:** $85961.17

**Net Assets:** $127378371.49

**Cash Not Reported:** $36667.99

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000142890 | -0.07%               | 3.56%                | 2.98%                |
| Class ID C000046678 | -0.07%               | 3.60%                | 3.02%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $3052361.83              | $-3303457.11                               |
| Month 2  | $285545.99               | $3964027.22                                |
| Month 3  | $3800.52                 | $3395223.63                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| FLEX LTD.                                      | FLEX LTD COMMON STOCK                         | CUSIP: Y2573F102<br>LEI: 549300EAQH74YHD07T53 | Long             | EC               |  | US        |     14200 | NS      | $708154.00    | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| THE J. M. SMUCKER COMPANY                      | JM SMUCKER CO/THE COMMON STOCK                | CUSIP: 832696405<br>LEI: 5493000WDH6A0LHDJD55 | Long             | EC               |  | US        |      4000 | NS      | $429360.00    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| STATE STREET CORPORATION                       | STATE STREET CORP COMMON STOCK                | CUSIP: 857477103<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | EC               |  | US        |      6800 | NS      | $759900.00    | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| DXC TECHNOLOGY COMPANY                         | DXC TECHNOLOGY CO COMMON STOCK                | CUSIP: 23355L106<br>LEI: 549300DOVZ3EDJB7O259 | Long             | EC               |  | US        |     12508 | NS      | $170233.88    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| LOWE'S COMPANIES, INC.                         | LOWE'S COS INC COMMON STOCK                   | CUSIP: 548661107<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | EC               |  | US        |      1100 | NS      | $245927.00    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Bunge Global SA                                | BUNGE GLOBAL SA COMMON STOCK                  | CUSIP: H11356104<br>LEI: 254900IVXSV9K0B7PO26 | Long             | EC               |  | US        |      6000 | NS      | $478560.00    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| ARCBEST CORPORATION                            | ARCBEST CORP COMMON STOCK                     | CUSIP: 03937C105<br>LEI: 5493006S3KBNE8ZS3J23 | Long             | EC               |  | US        |      3300 | NS      | $241329.00    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| NewMarket Corporation                          | NEWMARKET CORP COMMON STOCK                   | CUSIP: 651587107<br>LEI: 54930082CG88ERDREQ47 | Long             | EC               |  | US        |       700 | NS      | $480900.00    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| GENERAL MOTORS COMPANY                         | GENERAL MOTORS CO COMMON STOCK                | CUSIP: 37045V100<br>LEI: 54930070NSV60J38I987 | Long             | EC               |  | US        |     16200 | NS      | $864108.00    | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| TOLL BROTHERS, INC.                            | TOLL BROTHERS INC COMMON STOCK                | CUSIP: 889478103<br>LEI: 529900JB6IS9MSZGVR44 | Long             | EC               |  | US        |      3200 | NS      | $378752.00    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| REGIONS FINANCIAL CORPORATION                  | REGIONS FINANCIAL CORP COMMON STOCK           | CUSIP: 7591EP100<br>LEI: CW05CS5KW59QTC0DG824 | Long             | EC               |  | US        |     17900 | NS      | $453407.00    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| THERMO FISHER SCIENTIFIC INCORPORATED          | THERMO FISHER SCIENTIFIC INC COMMON STOCK     | CUSIP: 883556102<br>LEI: HCHV7422L5HDJZCRFL38 | Long             | EC               |  | US        |       900 | NS      | $420912.00    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| FORD MOTOR COMPANY                             | FORD MOTOR CO COMMON STOCK                    | CUSIP: 345370860<br>LEI: 20S05OYHG0MQM4VUIC57 | Long             | EC               |  | US        |     76100 | NS      | $842427.00    | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| OWENS CORNING                                  | OWENS CORNING COMMON STOCK                    | CUSIP: 690742101<br>LEI: JO5M6676RDJIZ2U8X907 | Long             | EC               |  | US        |      3300 | NS      | $460119.00    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| HOST HOTELS & RESORTS, INC.                    | HOST HOTELS & RESORTS INC REIT                | CUSIP: 44107P104<br>LEI: N6EL63S0K3PB1YFTDI24 | Long             | EC               |  | US        |     24500 | NS      | $385140.00    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| NRG ENERGY, INC.                               | NRG ENERGY INC COMMON STOCK                   | CUSIP: 629377508<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | EC               |  | US        |      3700 | NS      | $618640.00    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| BUILDERS FIRSTSOURCE, INC.                     | BUILDERS FIRSTSOURCE INC COMMON STOCK         | CUSIP: 12008R107<br>LEI: 549300W0SKP6L3H7DP63 | Long             | EC               |  | US        |      3300 | NS      | $419529.00    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| HF SINCLAIR CORPORATION                        | HF SINCLAIR CORP COMMON STOCK                 | CUSIP: 403949100<br>LEI: 2549009G116AM01XHN24 | Long             | EC               |  | US        |      6220 | NS      | $273306.80    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| UPWORK INC.                                    | UPWORK INC COMMON STOCK                       | CUSIP: 91688F104<br>LEI: 5493004QJ6WWBXVE2S70 | Long             | EC               |  | US        |     20100 | NS      | $240396.00    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERICAN ELECTRIC POWER COMPANY, INC.          | AMERICAN ELECTRIC POWER COMMON STOCK          | CUSIP: 025537101<br>LEI: 1B4S6S7G0TW5EE83BO58 | Long             | EC               |  | US        |      5700 | NS      | $644898.00    | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| APPLIED MATERIALS, INC.                        | APPLIED MATERIALS INC COMMON STOCK            | CUSIP: 038222105<br>LEI: 41BNNE1AFPNAZELZ6K07 | Long             | EC               |  | US        |      4600 | NS      | $828276.00    | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| META PLATFORMS, INC.                           | META PLATFORMS INC COMMON STOCK               | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               |  | US        |       700 | NS      | $541408.00    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| SS&C TECHNOLOGIES HOLDINGS, INC.               | SS&C TECHNOLOGIES HOLDINGS COMMON STOCK       | CUSIP: 78467J100<br>LEI: 529900POY8H7NPPNKK71 | Long             | EC               |  | US        |      4500 | NS      | $384660.00    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| AUTONATION, INC.                               | AUTONATION INC COMMON STOCK                   | CUSIP: 05329W102<br>LEI: N/A                  | Long             | EC               |  | US        |      2300 | NS      | $443072.00    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Chubb Limited                                  | CHUBB LTD COMMON STOCK                        | CUSIP: H1467J104<br>LEI: E0JAN6VLUDI1HITHT809 | Long             | EC               |  | US        |      1300 | NS      | $345852.00    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERIPRISE FINANCIAL, INC.                     | AMERIPRISE FINANCIAL INC COMMON STOCK         | CUSIP: 03076C106<br>LEI: 6ZLKQF7QB6JAEKQS5388 | Long             | EC               |  | US        |       900 | NS      | $466371.00    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| ENTERGY CORPORATION                            | ENTERGY CORP COMMON STOCK                     | CUSIP: 29364G103<br>LEI: 4XM3TW50JULSLG8BNC79 | Long             | EC               |  | US        |      2900 | NS      | $262247.00    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| ZOOM COMMUNICATIONS, INC.                      | ZOOM COMMUNICATIONS INC COMMON STOCK          | CUSIP: 98980L101<br>LEI: 549300T9GCHU0ODOM055 | Long             | EC               |  | US        |      6100 | NS      | $451705.00    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| DELTA AIR LINES, INC.                          | DELTA AIR LINES INC COMMON STOCK              | CUSIP: 247361702<br>LEI: Q2CCMS6R0AS67HJMBN42 | Long             | EC               |  | US        |     15600 | NS      | $830076.00    | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| TARGET CORPORATION                             | TARGET CORP COMMON STOCK                      | CUSIP: 87612E106<br>LEI: 8WDDFXB5T1Z6J0XC1L66 | Long             | EC               |  | US        |      7000 | NS      | $703500.00    | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Philip Morris International Inc.               | PHILIP MORRIS INTERNATIONAL COMMON STOCK      | CUSIP: 718172109<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | EC               |  | US        |      6800 | NS      | $1115540.00   | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| MARATHON PETROLEUM CORPORATION                 | MARATHON PETROLEUM CORP COMMON STOCK          | CUSIP: 56585A102<br>LEI: 3BNYRYQHD39K4LCKQF12 | Long             | EC               |  | US        |      4300 | NS      | $731817.00    | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| THE CAMPBELL'S COMPANY                         | THE CAMPBELL'S COMPANY COMMON STOCK           | CUSIP: 134429109<br>LEI: 5493007JDSMX8Z5Z1902 | Long             | EC               |  | US        |      8900 | NS      | $284088.00    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| CITIZENS FINANCIAL GROUP, INC.                 | CITIZENS FINANCIAL GROUP COMMON STOCK         | CUSIP: 174610105<br>LEI: 2138004JDDA4ZQUPFW65 | Long             | EC               |  | US        |      9500 | NS      | $453340.00    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| CIRRUS LOGIC, INC.                             | CIRRUS LOGIC INC COMMON STOCK                 | CUSIP: 172755100<br>LEI: 549300NKSJEM5ZZSSV18 | Long             | EC               |  | US        |      3900 | NS      | $392769.00    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| HCA HEALTHCARE, INC.                           | HCA HEALTHCARE INC COMMON STOCK               | CUSIP: 40412C101<br>LEI: 529900PH4ZGUH2MNEU89 | Long             | EC               |  | US        |      2200 | NS      | $778778.00    | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| JAZZ PHARMACEUTICALS PUBLIC LIMITED COMPANY    | JAZZ PHARMACEUTICALS PLC COMMON STOCK         | CUSIP: G50871105<br>LEI: 635400GAUMJCLEZRRV50 | Long             | EC               |  | US        |      3800 | NS      | $435594.00    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| UGI CORPORATION                                | UGI CORP COMMON STOCK                         | CUSIP: 902681105<br>LEI: DX6GCWD4Q1JO9CRE5I40 | Long             | EC               |  | US        |     11900 | NS      | $430542.00    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| ARCHER-DANIELS-MIDLAND COMPANY.                | ARCHER-DANIELS-MIDLAND CO COMMON STOCK        | CUSIP: 039483102<br>LEI: 549300LO13MQ9HYSTR83 | Long             | EC               |  | US        |      9900 | NS      | $536382.00    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| RYDER SYSTEM, INC.                             | RYDER SYSTEM INC COMMON STOCK                 | CUSIP: 783549108<br>LEI: ZXJ6Y2OSPZXIVGRILD15 | Long             | EC               |  | US        |      4100 | NS      | $728611.00    | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| DEERE & COMPANY                                | DEERE & CO COMMON STOCK                       | CUSIP: 244199105<br>LEI: PWFTNG3EI0Y73OXWDH08 | Long             | EC               |  | US        |      1100 | NS      | $576807.00    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| LyondellBasell Industries N.V.                 | LYONDELLBASELL INDU-CL A COMMON STOCK         | CUSIP: N53745100<br>LEI: BN6WCCZ8OVP3ITUUVN49 | Long             | EC               |  | US        |      4300 | NS      | $249099.00    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| THE WESTERN UNION COMPANY                      | WESTERN UNION CO COMMON STOCK                 | CUSIP: 959802109<br>LEI: 28ID94QU1140NC23S047 | Long             | EC               |  | US        |     10800 | NS      | $86940.00     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| SKYWORKS SOLUTIONS, INC.                       | SKYWORKS SOLUTIONS INC COMMON STOCK           | CUSIP: 83088M102<br>LEI: 549300WZ3ORQ2BVKBD96 | Long             | EC               |  | US        |      4200 | NS      | $287868.00    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| DEVON ENERGY CORPORATION                       | DEVON ENERGY CORP COMMON STOCK                | CUSIP: 25179M103<br>LEI: 54930042348RKR3ZPN35 | Long             | EC               |  | US        |      6100 | NS      | $202642.00    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| BANK OF AMERICA CORPORATION                    | BANK OF AMERICA CORP COMMON STOCK             | CUSIP: 060505104<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EC               |  | US        |     36200 | NS      | $1711174.00   | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| MOLSON COORS BEVERAGE COMPANY                  | MOLSON COORS BEVERAGE CO - B COMMON STOCK     | CUSIP: 60871R209<br>LEI: 54930073LBBH6ZCBE225 | Long             | EC               |  | US        |     11000 | NS      | $535920.00    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITEDHEALTH GROUP INCORPORATED                | UNITEDHEALTH GROUP INC COMMON STOCK           | CUSIP: 91324P102<br>LEI: 549300GHBMY8T5GXDE41 | Long             | EC               |  | US        |      3500 | NS      | $873460.00    | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| ALLISON TRANSMISSION HOLDINGS, INC.            | ALLISON TRANSMISSION HOLDING COMMON STOCK     | CUSIP: 01973R101<br>LEI: 529900RP7DJ882LI9T83 | Long             | EC               |  | US        |      5600 | NS      | $504392.00    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| JOHNSON & JOHNSON                              | JOHNSON & JOHNSON COMMON STOCK                | CUSIP: 478160104<br>LEI: 549300G0CFPGEF6X2043 | Long             | EC               |  | US        |     14200 | NS      | $2339308.00   | 1.84%             |  |  |  | No            |                  1 | On Loan: No      |
| PHINIA INC.                                    | PHINIA INC COMMON STOCK                       | CUSIP: 71880K101<br>LEI: 254900HG6MORZE1FFM18 | Long             | EC               |  | US        |      2040 | NS      | $103428.00    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| AMKOR TECHNOLOGY, INC.                         | AMKOR TECHNOLOGY INC COMMON STOCK             | CUSIP: 031652100<br>LEI: 529900VHLRTKPWZJBM84 | Long             | EC               |  | US        |      9700 | NS      | $218832.00    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| WELLS FARGO & COMPANY                          | WELLS FARGO & CO COMMON STOCK                 | CUSIP: 949746101<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | EC               |  | US        |     27400 | NS      | $2209262.00   | 1.73%             |  |  |  | No            |                  1 | On Loan: No      |
| PVH CORP.                                      | PVH CORP COMMON STOCK                         | CUSIP: 693656100<br>LEI: 123WALMHY1GZXG2YDL90 | Long             | EC               |  | US        |      2900 | NS      | $212918.00    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| GENERAL ELECTRIC COMPANY                       | GE AEROSPACE COMMON STOCK                     | CUSIP: 369604301<br>LEI: 3C7474T6CDKPR9K6YT90 | Long             | EC               |  | US        |      2300 | NS      | $623484.00    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| MGIC INVESTMENT CORPORATION                    | MGIC INVESTMENT CORP COMMON STOCK             | CUSIP: 552848103<br>LEI: 254900S8483WM4M98R28 | Long             | EC               |  | US        |     16100 | NS      | $416990.00    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Coterra Energy Inc.                            | COTERRA ENERGY INC COMMON STOCK               | CUSIP: 127097103<br>LEI: FCNMH6O7VWU7LHXMK351 | Long             | EC               |  | US        |     14300 | NS      | $348777.00    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| PACCAR INC                                     | PACCAR INC COMMON STOCK                       | CUSIP: 693718108<br>LEI: KDTEY8BWE486IKZ3CC07 | Long             | EC               |  | US        |      4600 | NS      | $454296.00    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| LOCKHEED MARTIN CORPORATION                    | LOCKHEED MARTIN CORP COMMON STOCK             | CUSIP: 539830109<br>LEI: DPRBOZP0K5RM2YE8UU08 | Long             | EC               |  | US        |      1600 | NS      | $673568.00    | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| LENNAR CORPORATION                             | LENNAR CORP-A COMMON STOCK                    | CUSIP: 526057104<br>LEI: 529900G61XVRLX5TJX09 | Long             | EC               |  | US        |      3400 | NS      | $381412.00    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| BAXTER INTERNATIONAL INC.                      | BAXTER INTERNATIONAL INC COMMON STOCK         | CUSIP: 071813109<br>LEI: J5OIVXX3P24RJRW5CK77 | Long             | EC               |  | US        |     12200 | NS      | $265472.00    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| BEST BUY CO., INC.                             | BEST BUY CO INC COMMON STOCK                  | CUSIP: 086516101<br>LEI: HL5XPTVRV0O8TUN5LL90 | Long             | EC               |  | US        |      4500 | NS      | $292770.00    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| GENERAL MILLS, INC.                            | GENERAL MILLS INC COMMON STOCK                | CUSIP: 370334104<br>LEI: 2TGYMUGI08PO8X8L6150 | Long             | EC               |  | US        |      9600 | NS      | $470208.00    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| THE COCA-COLA COMPANY                          | COCA-COLA CO/THE COMMON STOCK                 | CUSIP: 191216100<br>LEI: UWJKFUJFZ02DKWI3RY53 | Long             | EC               |  | US        |      4300 | NS      | $291927.00    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| MCKESSON CORPORATION                           | MCKESSON CORP COMMON STOCK                    | CUSIP: 58155Q103<br>LEI: 549300WZWOM80UCFSF54 | Long             | EC               |  | US        |       500 | NS      | $346770.00    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| EXXON MOBIL CORPORATION                        | EXXON MOBIL CORP COMMON STOCK                 | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               |  | US        |     25900 | NS      | $2891476.00   | 2.27%             |  |  |  | No            |                  1 | On Loan: No      |
| THE GOLDMAN SACHS GROUP, INC.                  | GOLDMAN SACHS GROUP INC COMMON STOCK          | CUSIP: 38141G104<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | EC               |  | US        |      1300 | NS      | $940667.00    | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| ARROW ELECTRONICS, INC.                        | ARROW ELECTRONICS INC COMMON STOCK            | CUSIP: 042735100<br>LEI: 549300YNNLBXT8N8R512 | Long             | EC               |  | US        |      3500 | NS      | $406000.00    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| ALPHABET INC.                                  | ALPHABET INC-CL A COMMON STOCK                | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               |  | US        |      9600 | NS      | $1842240.00   | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| JABIL INC.                                     | JABIL INC COMMON STOCK                        | CUSIP: 466313103<br>LEI: 5493000CGCQY2OQU7669 | Long             | EC               |  | US        |      2600 | NS      | $580242.00    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| PULTEGROUP, INC.                               | PULTEGROUP INC COMMON STOCK                   | CUSIP: 745867101<br>LEI: N/A                  | Long             | EC               |  | US        |      5500 | NS      | $621060.00    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| FIDELITY NATIONAL FINANCIAL, INC               | FIDELITY NATIONAL FINANCIAL COMMON STOCK      | CUSIP: 31620R303<br>LEI: N/A                  | Long             | EC               |  | US        |      7300 | NS      | $411939.00    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| H & R BLOCK, INC.                              | H&R BLOCK INC COMMON STOCK                    | CUSIP: 093671105<br>LEI: 549300CE3KUCWLZBG404 | Long             | EC               |  | US        |      5400 | NS      | $293436.00    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| INGREDION INCORPORATED                         | INGREDION INC COMMON STOCK                    | CUSIP: 457187102<br>LEI: PKSTQ48QDN0XSVS7YK88 | Long             | EC               |  | US        |      3500 | NS      | $460390.00    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| FISERV, INC.                                   | FISERV INC COMMON STOCK                       | CUSIP: 337738108<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | EC               |  | US        |      1900 | NS      | $263986.00    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| The Travelers Companies, Inc.                  | TRAVELERS COS INC/THE COMMON STOCK            | CUSIP: 89417E109<br>LEI: 549300Y650407RU8B149 | Long             | EC               |  | US        |      1900 | NS      | $494456.00    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| SCORPIO TANKERS INC.                           | SCORPIO TANKERS INC COMMON STOCK              | CUSIP: Y7542C130<br>LEI: 549300NVJUH16NXG8K87 | Long             | EC               |  | US        |      4300 | NS      | $194403.00    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| ALLY FINANCIAL INC.                            | ALLY FINANCIAL INC COMMON STOCK               | CUSIP: 02005N100<br>LEI: 549300JBN1OSM8YNAI90 | Long             | EC               |  | US        |     10200 | NS      | $386070.00    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Truist Financial Corporation                   | TRUIST FINANCIAL CORP COMMON STOCK            | CUSIP: 89832Q109<br>LEI: 549300DRQQI75D2JP341 | Long             | EC               |  | US        |      9100 | NS      | $397761.00    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| ORGANON & CO.                                  | ORGANON & CO COMMON STOCK                     | CUSIP: 68622V106<br>LEI: 549300AMCKY57OK2CO56 | Long             | EC               |  | US        |     17000 | NS      | $164900.00    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| UNUM GROUP                                     | UNUM GROUP COMMON STOCK                       | CUSIP: 91529Y106<br>LEI: 549300E32YFDO6TZ8R31 | Long             | EC               |  | US        |      7600 | NS      | $545756.00    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| ELEVANCE HEALTH, INC.                          | ELEVANCE HEALTH INC COMMON STOCK              | CUSIP: 036752103<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | EC               |  | US        |       900 | NS      | $254772.00    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| RTX CORPORATION                                | RTX CORPORATION COMMON STOCK                  | CUSIP: 75513E101<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | EC               |  | US        |      3900 | NS      | $614523.00    | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| EXELIXIS, INC.                                 | EXELIXIS INC COMMON STOCK                     | CUSIP: 30161Q104<br>LEI: 254900PJQB59O2O95R37 | Long             | EC               |  | US        |     10000 | NS      | $362200.00    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| CHEVRON CORPORATION                            | CHEVRON CORP COMMON STOCK                     | CUSIP: 166764100<br>LEI: N/A                  | Long             | EC               |  | US        |      8300 | NS      | $1258612.00   | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| DAVITA INC.                                    | DAVITA INC COMMON STOCK                       | CUSIP: 23918K108<br>LEI: M2XHYMU3TZNEZURC6H66 | Long             | EC               |  | US        |      2300 | NS      | $322851.00    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| TD SYNNEX CORPORATION                          | TD SYNNEX CORP COMMON STOCK                   | CUSIP: 87162W100<br>LEI: 5493004HI6PFLF46NS53 | Long             | EC               |  | US        |      3500 | NS      | $505365.00    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| SYNOVUS FINANCIAL CORP.                        | SYNOVUS FINANCIAL CORP COMMON STOCK           | CUSIP: 87161C501<br>LEI: 549300EIUS8UN5JTLE54 | Long             | EC               |  | US        |      5700 | NS      | $269268.00    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| THE WALT DISNEY COMPANY                        | WALT DISNEY CO/THE COMMON STOCK               | CUSIP: 254687106<br>LEI: 549300GZKULIZ0WOW665 | Long             | EC               |  | US        |      5600 | NS      | $667016.00    | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| METLIFE, INC.                                  | METLIFE INC COMMON STOCK                      | CUSIP: 59156R108<br>LEI: C4BXATY60WC6XEOZDX54 | Long             | EC               |  | US        |      9900 | NS      | $751905.00    | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| BRIXMOR PROPERTY GROUP INC.                    | BRIXMOR PROPERTY GROUP INC REIT               | CUSIP: 11120U105<br>LEI: 5299007UXW6Y0W2EGZ95 | Long             | EC               |  | US        |     13900 | NS      | $363207.00    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| The Bank of New York Mellon Corporation        | BANK OF NEW YORK MELLON CORP COMMON STOCK     | CUSIP: 064058100<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | EC               |  | US        |     10900 | NS      | $1105805.00   | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| AT&T INC.                                      | AT&T INC COMMON STOCK                         | CUSIP: 00206R102<br>LEI: 549300Z40J86GGSTL398 | Long             | EC               |  | US        |     58000 | NS      | $1589780.00   | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| STEEL DYNAMICS, INC.                           | STEEL DYNAMICS INC COMMON STOCK               | CUSIP: 858119100<br>LEI: 549300HGGKEL4FYTTQ83 | Long             | EC               |  | US        |      3200 | NS      | $408192.00    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| EASTMAN CHEMICAL COMPANY                       | EASTMAN CHEMICAL CO COMMON STOCK              | CUSIP: 277432100<br>LEI: FDPVHDGJ1IQZFK9KH630 | Long             | EC               |  | US        |      4700 | NS      | $341267.00    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| HONEYWELL INTERNATIONAL INCORPORATION          | HONEYWELL INTERNATIONAL INC COMMON STOCK      | CUSIP: 438516106<br>LEI: ISRPG12PN4EIEOEMW547 | Long             | EC               |  | US        |      1900 | NS      | $422465.00    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| HEWLETT PACKARD ENTERPRISE COMPANY             | HEWLETT PACKARD ENTERPRISE COMMON STOCK       | CUSIP: 42824C109<br>LEI: 549300BX44RGX6ANDV88 | Long             | EC               |  | US        |     34600 | NS      | $715874.00    | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| THE GOODYEAR TIRE & RUBBER COMPANY             | GOODYEAR TIRE & RUBBER CO COMMON STOCK        | CUSIP: 382550101<br>LEI: 5493002BI0S2ZQUY3437 | Long             | EC               |  | US        |     17465 | NS      | $179540.20    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| VALERO ENERGY CORPORATION                      | VALERO ENERGY CORP COMMON STOCK               | CUSIP: 91913Y100<br>LEI: 549300XTO5VR8SKV1V74 | Long             | EC               |  | US        |      4200 | NS      | $576702.00    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| QUALCOMM INCORPORATED                          | QUALCOMM INC COMMON STOCK                     | CUSIP: 747525103<br>LEI: H1J8DDZKZP6H7RWC0H53 | Long             | EC               |  | US        |      4000 | NS      | $587040.00    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| TEXTRON INC.                                   | TEXTRON INC COMMON STOCK                      | CUSIP: 883203101<br>LEI: 3PPKBHUG1HD6BO7RNR87 | Long             | EC               |  | US        |      7000 | NS      | $544390.00    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| SYLVAMO CORPORATION                            | SYLVAMO CORP COMMON STOCK                     | CUSIP: 871332102<br>LEI: 5493001AOYU1ZOWOC971 | Long             | EC               |  | US        |      5500 | NS      | $253385.00    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| D.R. HORTON, INC.                              | DR HORTON INC COMMON STOCK                    | CUSIP: 23331A109<br>LEI: 529900ZIUEYVSB8QDD25 | Long             | EC               |  | US        |      2200 | NS      | $314248.00    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| GUESS ?, INC.                                  | GUESS? INC COMMON STOCK                       | CUSIP: 401617105<br>LEI: 549300QVH3ZK2DW0KP86 | Long             | EC               |  | US        |     18400 | NS      | $239200.00    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| BERKSHIRE HATHAWAY INC.                        | BERKSHIRE HATHAWAY INC-CL B COMMON STOCK      | CUSIP: 084670702<br>LEI: 5493000C01ZX7D35SD85 | Long             | EC               |  | US        |      8700 | NS      | $4105356.00   | 3.22%             |  |  |  | No            |                  1 | On Loan: No      |
| OLD REPUBLIC INTERNATIONAL CORPORATION         | OLD REPUBLIC INTL CORP COMMON STOCK           | CUSIP: 680223104<br>LEI: 549300IV6O2YY2A1KH37 | Long             | EC               |  | US        |     11600 | NS      | $419572.00    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| COGNIZANT TECHNOLOGY SOLUTIONS CORPORATION     | COGNIZANT TECH SOLUTIONS-A COMMON STOCK       | CUSIP: 192446102<br>LEI: 5493006IEVQEFQO40L83 | Long             | EC               |  | US        |      6500 | NS      | $466440.00    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| ACCENTURE PUBLIC LIMITED COMPANY               | ACCENTURE PLC-CL A COMMON STOCK               | CUSIP: G1151C101<br>LEI: 5493000EWHDSR3MZWH98 | Long             | EC               |  | US        |      1000 | NS      | $267100.00    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| OSHKOSH CORPORATION                            | OSHKOSH CORP COMMON STOCK                     | CUSIP: 688239201<br>LEI: 549300FEKNPCFSA2B506 | Long             | EC               |  | US        |      3600 | NS      | $455508.00    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Altria Group, Inc.                             | ALTRIA GROUP INC COMMON STOCK                 | CUSIP: 02209S103<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | EC               |  | US        |     20000 | NS      | $1238800.00   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| INTERNATIONAL BUSINESS MACHINES CORPORATION    | INTL BUSINESS MACHINES CORP COMMON STOCK      | CUSIP: 459200101<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | EC               |  | US        |      1800 | NS      | $455670.00    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| VIATRIS INC.                                   | VIATRIS INC COMMON STOCK                      | CUSIP: 92556V106<br>LEI: 254900ZZTSW7NL773X71 | Long             | EC               |  | US        |     35900 | NS      | $313766.00    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| SABRA HEALTH CARE REIT, INC.                   | SABRA HEALTH CARE REIT INC REIT               | CUSIP: 78573L106<br>LEI: 549300E3BC7GU7TAZ621 | Long             | EC               |  | US        |     25700 | NS      | $463371.00    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY                                 | MORGAN STANLEY COMMON STOCK                   | CUSIP: 617446448<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EC               |  | US        |     10400 | NS      | $1481584.00   | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| SALESFORCE, INC.                               | SALESFORCE INC COMMON STOCK                   | CUSIP: 79466L302<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | EC               |  | US        |      1200 | NS      | $309996.00    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| RADIAN GROUP INC.                              | RADIAN GROUP INC COMMON STOCK                 | CUSIP: 750236101<br>LEI: 54930005OUP720S5U385 | Long             | EC               |  | US        |     11200 | NS      | $365232.00    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| M&T BANK CORPORATION                           | M & T BANK CORP COMMON STOCK                  | CUSIP: 55261F104<br>LEI: 549300WYXDDBYRASEG81 | Long             | EC               |  | US        |      2100 | NS      | $396270.00    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| WHIRLPOOL CORPORATION                          | WHIRLPOOL CORP COMMON STOCK                   | CUSIP: 963320106<br>LEI: WHENKOULSSK7WUM60H03 | Long             | EC               |  | US        |      2300 | NS      | $190992.00    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| INNOVATIVE INDUSTRIAL PROPERTIES, INC.         | INNOVATIVE INDUSTRIAL PROPER REIT             | CUSIP: 45781V101<br>LEI: 5493008BQ0545EZXRR30 | Long             | EC               |  | US        |      3300 | NS      | $170610.00    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| EOG RESOURCES, INC.                            | EOG RESOURCES INC COMMON STOCK                | CUSIP: 26875P101<br>LEI: XWTZDRYZPBUHIQBKDB46 | Long             | EC               |  | US        |      5700 | NS      | $684114.00    | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| EXELON CORPORATION                             | EXELON CORP COMMON STOCK                      | CUSIP: 30161N101<br>LEI: 3SOUA6IRML7435B56G12 | Long             | EC               |  | US        |      9100 | NS      | $408954.00    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                            | LSV TRI-PARTY REPO MORGAN STANLEY             | CUSIP: N/A<br>LEI: N/A                        | Long             | RA               |  | US        |     73049 | PA      | $73048.81     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| ELECTRONIC ARTS INC.                           | ELECTRONIC ARTS INC COMMON STOCK              | CUSIP: 285512109<br>LEI: 549300O7A67PUEYKDL45 | Long             | EC               |  | US        |      4100 | NS      | $625209.00    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| SCIENCE APPLICATIONS INTERNATIONAL CORPORATION | SCIENCE APPLICATIONS INTE COMMON STOCK        | CUSIP: 808625107<br>LEI: 549300LZPNZIXQGZPZ48 | Long             | EC               |  | US        |      2301 | NS      | $256515.48    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| BRISTOL-MYERS SQUIBB CO                        | BRISTOL-MYERS SQUIBB CO COMMON STOCK          | CUSIP: 110122108<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | EC               |  | US        |     23000 | NS      | $996130.00    | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| AMAZON.COM, INC.                               | AMAZON.COM INC COMMON STOCK                   | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               |  | US        |      8700 | NS      | $2036757.00   | 1.60%             |  |  |  | No            |                  1 | On Loan: No      |
| HARLEY-DAVIDSON, INC.                          | HARLEY-DAVIDSON INC COMMON STOCK              | CUSIP: 412822108<br>LEI: ZDNAWZWXIKMWI51R2A08 | Long             | EC               |  | US        |      8400 | NS      | $204372.00    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| NAVIENT CORPORATION                            | NAVIENT CORP COMMON STOCK                     | CUSIP: 63938C108<br>LEI: 54930067J0ZNOEBRW338 | Long             | EC               |  | US        |     17400 | NS      | $225156.00    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| MCDONALD'S CORPORATION                         | MCDONALD'S CORP COMMON STOCK                  | CUSIP: 580135101<br>LEI: UE2136O97NLB5BYP9H04 | Long             | EC               |  | US        |      2400 | NS      | $720168.00    | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| SYNCHRONY FINANCIAL                            | SYNCHRONY FINANCIAL COMMON STOCK              | CUSIP: 87165B103<br>LEI: 549300RS7EWPM9MA6C78 | Long             | EC               |  | US        |     10800 | NS      | $752436.00    | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMORGAN CHASE & CO.                           | JPMORGAN CHASE & CO COMMON STOCK              | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               |  | US        |     13500 | NS      | $3999240.00   | 3.14%             |  |  |  | No            |                  1 | On Loan: No      |
| LINDE PUBLIC LIMITED COMPANY                   | LINDE PLC COMMON STOCK                        | CUSIP: G54950103<br>LEI: 5299003QR1WT0EF88V51 | Long             | EC               |  | US        |      1200 | NS      | $552312.00    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| BORGWARNER INC.                                | BORGWARNER INC COMMON STOCK                   | CUSIP: 099724106<br>LEI: 549300DSFX2IE88NSX47 | Long             | EC               |  | US        |     10200 | NS      | $375360.00    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| SOLVENTUM CORPORATION                          | SOLVENTUM CORP COMMON STOCK                   | CUSIP: 83444M101<br>LEI: 254900I70403OSGY4M28 | Long             | EC               |  | US        |      2150 | NS      | $153424.00    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| THE PROCTER & GAMBLE COMPANY                   | PROCTER & GAMBLE CO/THE COMMON STOCK          | CUSIP: 742718109<br>LEI: 2572IBTT8CCZW6AU4141 | Long             | EC               |  | US        |      8100 | NS      | $1218807.00   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| MICRON TECHNOLOGY, INC.                        | MICRON TECHNOLOGY INC COMMON STOCK            | CUSIP: 595112103<br>LEI: B3DXGBC8GAIYWI2Z0172 | Long             | EC               |  | US        |      7300 | NS      | $796722.00    | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| SNAP-ON INCORPORATED                           | SNAP-ON INC COMMON STOCK                      | CUSIP: 833034101<br>LEI: HHWAT5TDOYZMM26KKQ73 | Long             | EC               |  | US        |      1500 | NS      | $481785.00    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| BOSTON SCIENTIFIC CORPORATION                  | BOSTON SCIENTIFIC CORP COMMON STOCK           | CUSIP: 101137107<br>LEI: Y6ZDD9FP4P8JSSJMW954 | Long             | EC               |  | US        |      4200 | NS      | $440664.00    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| APA CORPORATION                                | APA CORP COMMON STOCK                         | CUSIP: 03743Q108<br>LEI: 549300VCIWLRHYVSHC79 | Long             | EC               |  | US        |     14300 | NS      | $275847.00    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| CITIGROUP INC.                                 | CITIGROUP INC COMMON STOCK                    | CUSIP: 172967424<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | EC               |  | US        |     15500 | NS      | $1452350.00   | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| THE BRINK'S COMPANY                            | BRINK'S CO/THE COMMON STOCK                   | CUSIP: 109696104<br>LEI: XFP140TFNOQMIVFTVQ13 | Long             | EC               |  | US        |      3700 | NS      | $323158.00    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| FEDEX CORPORATION                              | FEDEX CORP COMMON STOCK                       | CUSIP: 31428X106<br>LEI: 549300E707U7WNPZN687 | Long             | EC               |  | US        |      3600 | NS      | $804564.00    | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| CNH Industrial N.V.                            | CNH INDUSTRIAL NV COMMON STOCK                | CUSIP: N20944109<br>LEI: 549300WGC2HZ5J67V817 | Long             | EC               |  | US        |     39300 | NS      | $509328.00    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| THE PNC FINANCIAL SERVICES GROUP, INC.         | PNC FINANCIAL SERVICES GROUP COMMON STOCK     | CUSIP: 693475105<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | EC               |  | US        |      2100 | NS      | $399567.00    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| NEWMONT CORPORATION                            | NEWMONT CORP COMMON STOCK                     | CUSIP: 651639106<br>LEI: 549300VSP3RIX7FGDZ51 | Long             | EC               |  | US        |     17100 | NS      | $1061910.00   | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Pepsico, Inc.                                  | PEPSICO INC COMMON STOCK                      | CUSIP: 713448108<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | EC               |  | US        |      2000 | NS      | $275840.00    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| ABBOTT LABORATORIES                            | ABBOTT LABORATORIES COMMON STOCK              | CUSIP: 002824100<br>LEI: HQD377W2YR662HK5JX27 | Long             | EC               |  | US        |      4400 | NS      | $555236.00    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERICAN INTERNATIONAL GROUP, INC.             | AMERICAN INTERNATIONAL GROUP COMMON STOCK     | CUSIP: 026874784<br>LEI: ODVCVCQG2BP6VHV36M30 | Long             | EC               |  | US        |      8700 | NS      | $675381.00    | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| HARMONY BIOSCIENCES HOLDINGS, INC.             | HARMONY BIOSCIENCES HOLDINGS COMMON STOCK     | CUSIP: 413197104<br>LEI: N/A                  | Long             | EC               |  | US        |     12200 | NS      | $429196.00    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| THE HARTFORD INSURANCE GROUP, INC.             | HARTFORD INSURANCE GROUP INC/THE COMMON STOCK | CUSIP: 416515104<br>LEI: IU7C3FTM7Y3BQM112U94 | Long             | EC               |  | US        |      6000 | NS      | $746340.00    | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| CVS HEALTH CORPORATION                         | CVS HEALTH CORP COMMON STOCK                  | CUSIP: 126650100<br>LEI: 549300EJG376EN5NQE29 | Long             | EC               |  | US        |     16200 | NS      | $1006020.00   | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| AFLAC INCORPORATED                             | AFLAC INC COMMON STOCK                        | CUSIP: 001055102<br>LEI: 549300N0B7DOGLXWPP39 | Long             | EC               |  | US        |      3800 | NS      | $377568.00    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| EDISON INTERNATIONAL                           | EDISON INTERNATIONAL COMMON STOCK             | CUSIP: 281020107<br>LEI: 549300I7ROF15MAEVP56 | Long             | EC               |  | US        |      6500 | NS      | $338780.00    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| MILLROSE PROPERTIES, INC.                      | MILLROSE PROPERTIES REIT                      | CUSIP: 601137102<br>LEI: N/A                  | Long             | EC               |  | US        |      2250 | NS      | $67477.50     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| LEAR CORPORATION                               | LEAR CORP COMMON STOCK                        | CUSIP: 521865204<br>LEI: 549300UPNBTXA1SYTQ33 | Long             | EC               |  | US        |      2400 | NS      | $226296.00    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| MERCK & CO., INC.                              | MERCK & CO. INC. COMMON STOCK                 | CUSIP: 58933Y105<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | EC               |  | US        |     13100 | NS      | $1023372.00   | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| DICK'S SPORTING GOODS, INC.                    | DICK'S SPORTING GOODS INC COMMON STOCK        | CUSIP: 253393102<br>LEI: 529900SSBV5I4LWSK313 | Long             | EC               |  | US        |      1700 | NS      | $359567.00    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| DELL TECHNOLOGIES INC.                         | DELL TECHNOLOGIES -C COMMON STOCK             | CUSIP: 24703L202<br>LEI: 549300TJB5YBRUPOG437 | Long             | EC               |  | US        |      3900 | NS      | $517491.00    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| PFIZER INC.                                    | PFIZER INC COMMON STOCK                       | CUSIP: 717081103<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | EC               |  | US        |     53600 | NS      | $1248344.00   | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| THE KROGER CO.                                 | KROGER CO COMMON STOCK                        | CUSIP: 501044101<br>LEI: 6CPEOKI6OYJ13Q6O7870 | Long             | EC               |  | US        |     11000 | NS      | $771100.00    | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| CONOCOPHILLIPS                                 | CONOCOPHILLIPS COMMON STOCK                   | CUSIP: 20825C104<br>LEI: WPTL2Z3FIYTHSP5V2253 | Long             | EC               |  | US        |     13300 | NS      | $1268022.00   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| ZIMMER BIOMET HOLDINGS, INC.                   | ZIMMER BIOMET HOLDINGS INC COMMON STOCK       | CUSIP: 98956P102<br>LEI: 2P2YLDVPES3BXQ1FRB91 | Long             | EC               |  | US        |      3900 | NS      | $357435.00    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| GLOBAL PAYMENTS INC.                           | GLOBAL PAYMENTS INC COMMON STOCK              | CUSIP: 37940X102<br>LEI: 549300NOMHGVQBX6S778 | Long             | EC               |  | US        |      2100 | NS      | $167895.00    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| CATERPILLAR INC.                               | CATERPILLAR INC COMMON STOCK                  | CUSIP: 149123101<br>LEI: WRJR7GS4GTRECRRTVX92 | Long             | EC               |  | US        |      2800 | NS      | $1226456.00   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| MEDTRONIC PUBLIC LIMITED COMPANY               | MEDTRONIC PLC COMMON STOCK                    | CUSIP: G5960L103<br>LEI: 549300GX3ZBSQWUXY261 | Long             | EC               |  | US        |     10700 | NS      | $965568.00    | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Amdocs Limited                                 | AMDOCS LTD COMMON STOCK                       | CUSIP: G02602103<br>LEI: 549300HQV672RJ7RQV66 | Long             | EC               |  | US        |      5000 | NS      | $426800.00    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Evergy, Inc.                                   | EVERGY INC COMMON STOCK                       | CUSIP: 30034W106<br>LEI: 549300PGTHDQY6PSUI61 | Long             | EC               |  | US        |      6300 | NS      | $446040.00    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| ALPHABET INC.                                  | ALPHABET INC-CL C COMMON STOCK                | CUSIP: 02079K107<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               |  | US        |      3600 | NS      | $694296.00    | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| ALBERTSONS COMPANIES, INC.                     | ALBERTSONS COS INC - CLASS A COMMON STOCK     | CUSIP: 013091103<br>LEI: 549300YKWOC0AOR16R51 | Long             | EC               |  | US        |     17700 | NS      | $340194.00    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| HALLIBURTON COMPANY                            | HALLIBURTON CO COMMON STOCK                   | CUSIP: 406216101<br>LEI: ENYF8GB5SMQZ25S06U51 | Long             | EC               |  | US        |     10900 | NS      | $244160.00    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| HP INC.                                        | HP INC COMMON STOCK                           | CUSIP: 40434L105<br>LEI: WHKXQACZ14C5XRO8LW03 | Long             | EC               |  | US        |     19100 | NS      | $473680.00    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Energizer Holdings, Inc.                       | ENERGIZER HOLDINGS INC COMMON STOCK           | CUSIP: 29272W109<br>LEI: 5493000D6NN0V57UME20 | Long             | EC               |  | US        |      9800 | NS      | $220696.00    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| PHILLIPS 66                                    | PHILLIPS 66 COMMON STOCK                      | CUSIP: 718546104<br>LEI: 5493005JBO5YSIGK1814 | Long             | EC               |  | US        |      3000 | NS      | $370740.00    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITED AIRLINES HOLDINGS, INC.                 | UNITED AIRLINES HOLDINGS INC COMMON STOCK     | CUSIP: 910047109<br>LEI: 98450079DA0B78DD6764 | Long             | EC               |  | US        |      7100 | NS      | $627001.00    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| INCYTE CORPORATION                             | INCYTE CORP COMMON STOCK                      | CUSIP: 45337C102<br>LEI: 549300Z4WN6JVZ3T4680 | Long             | EC               |  | US        |      8100 | NS      | $606609.00    | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| TEGNA INC.                                     | TEGNA INC COMMON STOCK                        | CUSIP: 87901J105<br>LEI: 549300YC5EDBGX85AO10 | Long             | EC               |  | US        |     15800 | NS      | $263860.00    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| AGCO CORPORATION                               | AGCO CORP COMMON STOCK                        | CUSIP: 001084102<br>LEI: LYOM0B2GCF1JWXK5ZG04 | Long             | EC               |  | US        |      3900 | NS      | $460083.00    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| NEXSTAR MEDIA GROUP, INC.                      | Nexstar Media Group Inc COMMON STOCK          | CUSIP: 65336K103<br>LEI: 52990083ZRR5UT591988 | Long             | EC               |  | US        |      2500 | NS      | $467775.00    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| THE KRAFT HEINZ COMPANY                        | KRAFT HEINZ CO/THE COMMON STOCK               | CUSIP: 500754106<br>LEI: 9845007488EC87F5AF14 | Long             | EC               |  | US        |     21860 | NS      | $600275.60    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| T-MOBILE US, INC.                              | T-MOBILE US INC COMMON STOCK                  | CUSIP: 872590104<br>LEI: 549300QHIJYOHPACPG31 | Long             | EC               |  | US        |      1600 | NS      | $381456.00    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| EBAY INC.                                      | EBAY INC COMMON STOCK                         | CUSIP: 278642103<br>LEI: OML71K8X303XQONU6T67 | Long             | EC               |  | US        |     10000 | NS      | $917500.00    | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| BXP, INC.                                      | BXP INC REIT                                  | CUSIP: 101121101<br>LEI: 549300OF70FSEUQBT254 | Long             | EC               |  | US        |      5600 | NS      | $366408.00    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| DROPBOX, INC.                                  | DROPBOX INC-CLASS A COMMON STOCK              | CUSIP: 26210C104<br>LEI: 549300JCDF7UAR6TJR51 | Long             | EC               |  | US        |     14100 | NS      | $383097.00    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| CUMMINS INC.                                   | CUMMINS INC COMMON STOCK                      | CUSIP: 231021106<br>LEI: ZUNI8PYC725B6H8JU438 | Long             | EC               |  | US        |      2300 | NS      | $845526.00    | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| FOX CORPORATION                                | FOX CORP - CLASS A COMMON STOCK               | CUSIP: 35137L105<br>LEI: 549300DDU6FDRBIELS05 | Long             | EC               |  | US        |      9300 | NS      | $518568.00    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| GILEAD SCIENCES, INC.                          | GILEAD SCIENCES INC COMMON STOCK              | CUSIP: 375558103<br>LEI: 549300WTZWR07K8MNV44 | Long             | EC               |  | US        |      9900 | NS      | $1111671.00   | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITED THERAPEUTICS CORPORATION                | UNITED THERAPEUTICS CORP COMMON STOCK         | CUSIP: 91307C102<br>LEI: 5299005C4HZL4UWROC14 | Long             | EC               |  | US        |      1500 | NS      | $412050.00    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| THE CIGNA GROUP                                | THE CIGNA GROUP COMMON STOCK                  | CUSIP: 125523100<br>LEI: 549300VIWYMSIGT1U456 | Long             | EC               |  | US        |      3300 | NS      | $882354.00    | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| 3M COMPANY                                     | 3M CO COMMON STOCK                            | CUSIP: 88579Y101<br>LEI: LUZQVYP4VS22CLWDAR65 | Long             | EC               |  | US        |      3100 | NS      | $462582.00    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| CARDINAL HEALTH, INC.                          | CARDINAL HEALTH INC COMMON STOCK              | CUSIP: 14149Y108<br>LEI: CCU46N3GJMF4OK4N7U60 | Long             | EC               |  | US        |      2900 | NS      | $450138.00    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| WALMART INC.                                   | WALMART INC COMMON STOCK                      | CUSIP: 931142103<br>LEI: Y87794H0US1R65VBXU25 | Long             | EC               |  | US        |     16600 | NS      | $1626468.00   | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| S&P GLOBAL INC.                                | S&P GLOBAL INC COMMON STOCK                   | CUSIP: 78409V104<br>LEI: Y6X4K52KMJMZE7I7MY94 | Long             | EC               |  | US        |       500 | NS      | $275550.00    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| PRUDENTIAL FINANCIAL, INC.                     | PRUDENTIAL FINANCIAL INC COMMON STOCK         | CUSIP: 744320102<br>LEI: 5PRBRS5FEH7NREC8OR45 | Long             | EC               |  | US        |      3400 | NS      | $352172.00    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| BLACKROCK, INC.                                | BLACKROCK INC COMMON STOCK                    | CUSIP: 09290D101<br>LEI: 529900VBK42Y5HHRMD23 | Long             | EC               |  | US        |       300 | NS      | $331803.00    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Signet Jewelers Limited                        | SIGNET JEWELERS LTD COMMON STOCK              | CUSIP: G81276100<br>LEI: 549300N3XPGE91WV7M22 | Long             | EC               |  | US        |      4300 | NS      | $340130.00    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| FS KKR CAPITAL CORP.                           | FS KKR CAPITAL CORP COMMON STOCK              | CUSIP: 302635206<br>LEI: 549300TYRSI1T21B1360 | Long             | EC               |  | US        |     12100 | NS      | $253011.00    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| ZIONS BANCORPORATION, NATIONAL ASSOCIATION     | ZIONS BANCORP NA COMMON STOCK                 | CUSIP: 989701107<br>LEI: 8WH0EE09O9V05QJZ3V89 | Long             | EC               |  | US        |      7200 | NS      | $386064.00    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| VERIZON COMMUNICATIONS INC.                    | VERIZON COMMUNICATIONS INC COMMON STOCK       | CUSIP: 92343V104<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | EC               |  | US        |     36500 | NS      | $1560740.00   | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| THE MOSAIC COMPANY                             | MOSAIC CO/THE COMMON STOCK                    | CUSIP: 61945C103<br>LEI: 2YD5STGSJNMUB7H76907 | Long             | EC               |  | US        |      9500 | NS      | $342095.00    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| UNIVERSAL HEALTH SERVICES, INC.                | UNIVERSAL HEALTH SERVICES-B COMMON STOCK      | CUSIP: 913903100<br>LEI: 549300YGMGQDO0NMJD09 | Long             | EC               |  | US        |      2200 | NS      | $366190.00    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| U.S. BANCORP                                   | US BANCORP COMMON STOCK                       | CUSIP: 902973304<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | EC               |  | US        |      9300 | NS      | $418128.00    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| CISCO SYSTEMS, INC.                            | CISCO SYSTEMS INC COMMON STOCK                | CUSIP: 17275R102<br>LEI: 549300LKFJ962MZ46593 | Long             | EC               |  | US        |     33100 | NS      | $2253448.00   | 1.77%             |  |  |  | No            |                  1 | On Loan: No      |
| NETAPP, INC.                                   | NETAPP INC COMMON STOCK                       | CUSIP: 64110D104<br>LEI: QTX3D84DZDD5JYOCYH15 | Long             | EC               |  | US        |      3100 | NS      | $322803.00    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| CONAGRA BRANDS, INC.                           | CONAGRA BRANDS INC COMMON STOCK               | CUSIP: 205887102<br>LEI: 54930035UDEIH090K650 | Long             | EC               |  | US        |     15900 | NS      | $290334.00    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| CENTENE CORPORATION                            | CENTENE CORP COMMON STOCK                     | CUSIP: 15135B101<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | EC               |  | US        |     12500 | NS      | $325875.00    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| PAYPAL HOLDINGS, INC.                          | PAYPAL HOLDINGS INC COMMON STOCK              | CUSIP: 70450Y103<br>LEI: 5493005X2GO78EFZ3E94 | Long             | EC               |  | US        |     14200 | NS      | $976392.00    | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| COMCAST CORPORATION                            | COMCAST CORP-CLASS A COMMON STOCK             | CUSIP: 20030N101<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | EC               |  | US        |     37400 | NS      | $1242802.00   | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| BLOOMIN' BRANDS, INC.                          | BLOOMIN' BRANDS INC COMMON STOCK              | CUSIP: 094235108<br>LEI: E1UJ2GO305B5FXGV7N04 | Long             | EC               |  | US        |     17500 | NS      | $159425.00    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

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

**Name of Applicant:** THE ADVISORS' INNER CIRCLE FUND

**Signature:** Andrew Metzger

**Name of Signer:** Andrew Metzger

**Title:** Treasurer, Controller and Chief Financial Officer