# EDGAR Filing Document

**Accession Number:** 0000916622
**File Stem:** 0001410368-25-032241
**Filing Date:** 2025-11
**Character Count:** 678055
**Document Hash:** 85cce98dbef2ae63aa36d3914ae0d77c
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-25-032241.hdr.sgml**: 20251126

**ACCESSION NUMBER**: 0001410368-25-032241

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251126

**DATE AS OF CHANGE**: 20251126

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** TIFF INVESTMENT PROGRAM
- **CENTRAL INDEX KEY:** 0000916622

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-08234
- **FILM NUMBER:** 251525977

**BUSINESS ADDRESS:**
- **STREET 1:** 170 N. RADNOR CHESTER ROAD
- **STREET 2:** SUITE 300
- **CITY:** RADNOR
- **STATE:** PA
- **ZIP:** 19087
- **BUSINESS PHONE:** 610-684-8000

**MAIL ADDRESS:**
- **STREET 1:** 170 N. RADNOR CHESTER ROAD
- **STREET 2:** SUITE 300
- **CITY:** RADNOR
- **STATE:** PA
- **ZIP:** 19087

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** TIFF INVESTMENT PROGRAM INC
- **DATE OF NAME CHANGE:** 19931228

## Series and Classes Contracts Data

### TIFF Multi-Asset Fund (Series ID: S000006387)

| Class ID   | Class Name            | Ticker Symbol   |
|:---|:---|:---|
| C000017543 | TIFF Multi-Asset Fund |  |

## Nport-Ex

**TIFF MULTI-ASSET FUND / SCHEDULE OF INVESTMENTS (UNAUDITED)**

**September 30, 2025**

---

| | | |
|:---|:---|:---|
|  | **Number of<br> Shares** | **Value** |
| **Investments — 106.7% of net assets** |  |  |
| **Common Stocks — 73.3%** |  |  |
| **U.S. Common Stocks — 54.7%** |  |  |
| **Aerospace & Defense — 2.5%** |  |  |
| Axon Enterprise, Inc. (a) (b) | 24508 | $17587921 |
| Boeing Co. (a) (b) | 1460 | 315112 |
| Cadre Holdings, Inc. | 71718 | 2618424 |
| Curtiss-Wright Corp. | 40 | 21718 |
| General Dynamics Corp. (b) | 2895 | 987195 |
| General Electric Co. (b) | 21762 | 6546445 |
| HEICO Corp. (b) | 129 | 41644 |
| Leonardo DRS, Inc. | 399 | 18115 |
| Lockheed Martin Corp. (b) | 35 | 17472 |
| MDA Space Ltd. (a) (b) | 81500 | 2029741 |
| Northrop Grumman Corp. (b) | 92 | 56057 |
| TAT Technologies Ltd. (a) (b) | 20115 | 885663 |
| Textron, Inc. | 200 | 16898 |
| TransDigm Group, Inc. | 4578 | 6033895 |
|  |  | 37176300 |
| **Air Freight & Logistics — 0.1%** |  |  |
| FedEx Corp. (b) | 6864 | 1618600 |
| United Parcel Service, Inc., Class B (b) | 181 | 15119 |
|  |  | 1633719 |
| **Automobile Components — 0.1%** |  |  |
| BorgWarner, Inc. | 7122 | 313083 |
| Goodyear Tire & Rubber Co. (a) (b) | 197810 | 1479619 |
| Modine Manufacturing Co. (a) (b) | 813 | 115576 |
|  |  | 1908278 |
| **Automobiles — 0.5%** |  |  |
| General Motors Co. | 35847 | 2185592 |
| Tesla, Inc. (a) (b) | 11907 | 5295208 |
|  |  | 7480800 |
| **Banks — 0.9%** |  |  |
| Associated Banc-Corp. | 654 | 16814 |
| Axos Financial, Inc. (a) | 2961 | 250649 |
| Bank of America Corp. (b) | 22366 | 1153862 |
| Business First Bancshares, Inc. | 5603 | 132287 |
| Capital Bancorp, Inc. | 4573 | 145879 |
| Citigroup, Inc. (b) | 11030 | 1119545 |
| Citizens Financial Group, Inc. | 10401 | 552917 |
| ConnectOne Bancorp, Inc. | 6694 | 166078 |

---

**TIFF MULTI-ASSET FUND / SCHEDULE OF INVESTMENTS (UNAUDITED)**

**September 30, 2025**

---

| | | |
|:---|:---|:---|
|  | **Number of<br> Shares** | **Value** |
| Customers Bancorp, Inc. (a) | 3106 | $203039 |
| Dime Community Bancshares, Inc. | 1932 | 57632 |
| East West Bancorp, Inc. | 169 | 17990 |
| Esquire Financial Holdings, Inc. | 519 | 52966 |
| First Citizens BancShares, Inc., Class A | 115 | 205753 |
| First Financial Bancorp | 1771 | 44718 |
| JPMorgan Chase & Co. (b) | 9192 | 2899433 |
| Live Oak Bancshares, Inc. | 18227 | 641955 |
| Mechanics Bancorp,Class A (a) | 15183 | 202086 |
| Northeast Bank | 720 | 72115 |
| Old Second Bancorp, Inc. | 2957 | 51112 |
| Pinnacle Financial Partners, Inc. | 9002 | 844298 |
| PNC Financial Services Group, Inc. (b) | 13255 | 2663327 |
| Prosperity Bancshares, Inc. | 3657 | 242642 |
| Synovus Financial Corp. | 3289 | 161424 |
| Texas Capital Bancshares, Inc. (a) | 8377 | 708108 |
| Truist Financial Corp. | 17578 | 803666 |
| Unity Bancorp, Inc. | 1465 | 71594 |
| Zions Bancorp NA | 1538 | 87020 |
|  |  | 13568909 |
| **Beverages — 0.1%** |  |  |
| Celsius Holdings, Inc. (a) | 5779 | 332235 |
| Coca-Cola Consolidated, Inc. | 137 | 16051 |
| PepsiCo, Inc. (b) | 2727 | 382980 |
|  |  | 731266 |
| **Biotechnology — 1.2%** |  |  |
| AbbVie, Inc. (b) | 81 | 18755 |
| Akero Therapeutics, Inc. (a) (b) | 20387 | 967975 |
| Alnylam Pharmaceuticals, Inc. (a) (b) | 2257 | 1029192 |
| ARS Pharmaceuticals, Inc. (a) | 41237 | 414432 |
| Biogen, Inc. (a) | 5748 | 805180 |
| BioMarin Pharmaceutical, Inc. (a) | 15084 | 816949 |
| CG oncology, Inc. (a) | 46528 | 1874148 |
| Exact Sciences Corp. (a) | 6684 | 365682 |
| Exelixis, Inc. (a) | 21596 | 891915 |
| Humacyte, Inc. (a) | 6563 | 11420 |
| Incyte Corp. (a) | 22324 | 1893298 |
| Legend Biotech Corp.- ADR (a) (b) | 5171 | 168626 |
| Lite Strategy, Inc. (a) | 34100 | 82522 |
| Natera, Inc. (a) (b) | 10730 | 1727208 |
| Neurocrine Biosciences, Inc. (a) | 6054 | 849860 |
| Regeneron Pharmaceuticals, Inc. (b) | 8830 | 4964844 |
| Sarepta Therapeutics, Inc. (a) | 12587 | 242551 |
| United Therapeutics Corp. (a) | 833 | 349202 |
| Vericel Corp. (a) (b) | 24685 | 776837 |
|  |  | 18250596 |

---

**TIFF MULTI-ASSET FUND / SCHEDULE OF INVESTMENTS (UNAUDITED)**

**September 30, 2025**

---

| | | |
|:---|:---|:---|
|  | **Number of<br> Shares** | **Value** |
| **Broadline Retail — 1.8%** |  |  |
| Amazon.com, Inc. (a) (b) | 122340 | $26862194 |
| Etsy, Inc. (a) | 1126 | 74755 |
|  |  | 26936949 |
| **Building Products — 0.2%** |  |  |
| Armstrong World Industries, Inc. (b) | 578 | 113294 |
| Builders FirstSource, Inc. (a) (b) | 108 | 13095 |
| Hayward Holdings, Inc. (a) | 144465 | 2184311 |
| Tecnoglass, Inc. (b) | 11545 | 772476 |
| Trane Technologies PLC (b) | 115 | 48525 |
|  |  | 3131701 |
| **Capital Markets — 1.7%** |  |  |
| Ameriprise Financial, Inc. | 273 | 134111 |
| Bank of New York Mellon Corp. (b) | 8204 | 893971 |
| Blackstone, Inc. (b) | 2976 | 508450 |
| Charles Schwab Corp. (b) | 30747 | 2935416 |
| CME Group, Inc. (b) | 2153 | 581719 |
| Evercore, Inc., Class A | 1650 | 556578 |
| Federated Hermes, Inc. | 1782 | 92539 |
| Franklin Resources, Inc. | 54496 | 1260493 |
| Goldman Sachs Group, Inc. | 160 | 128659 |
| Intercontinental Exchange, Inc. (b) | 7647 | 1288367 |
| Invesco Ltd. | 26111 | 598986 |
| Janus Henderson Group PLC | 7581 | 337430 |
| KKR & Co., Inc. | 24074 | 3128416 |
| LPL Financial Holdings, Inc. | 9000 | 2994210 |
| MarketAxess Holdings, Inc. | 134 | 23350 |
| Moody's Corp. (b) | 3673 | 1750111 |
| Morgan Stanley (b) | 3440 | 546823 |
| Morningstar, Inc. | 234 | 54290 |
| MSCI, Inc. | 1384 | 785296 |
| Nasdaq, Inc. | 12840 | 1135698 |
| Northern Trust Corp. | 892 | 120063 |
| Raymond James Financial, Inc. | 101 | 17433 |
| Robinhood Markets, Inc., Class A (a) (b) | 3143 | 450015 |
| S&P Global, Inc. (b) | 8020 | 3903414 |
| State Street Corp. | 1145 | 132832 |
| Stifel Financial Corp. | 177 | 20084 |
| Tradeweb Markets, Inc., Class A | 130 | 14427 |
| Victory Capital Holdings, Inc., Class A | 6590 | 426768 |
| Virtu Financial, Inc., Class A | 432 | 15336 |
| Virtus Investment Partners, Inc. | 1410 | 267942 |
|  |  | 25103227 |
| **Chemicals — 0.5%** |  |  |
| AdvanSix, Inc. | 5923 | 114788 |

---

**TIFF MULTI-ASSET FUND / SCHEDULE OF INVESTMENTS (UNAUDITED)**

**September 30, 2025**

---

| | | |
|:---|:---|:---|
|  | **Number of<br> Shares** | **Value** |
| Arq, Inc. (a) | 32616 | $233531 |
| Ashland, Inc. | 2912 | 139514 |
| CF Industries Holdings, Inc. | 186 | 16684 |
| DuPont de Nemours, Inc. (b) | 215 | 16748 |
| Ecolab, Inc. (b) | 58 | 15884 |
| Flotek Industries, Inc. (a) | 24040 | 350984 |
| Huntsman Corp. | 1533 | 13766 |
| Ingevity Corp. (a) | 10016 | 552783 |
| Linde PLC (b) | 6665 | 3165875 |
| Mosaic Co. | 15439 | 535424 |
| Sherwin-Williams Co. (b) | 2456 | 850415 |
| Stepan Co. | 10730 | 511821 |
| Tronox Holdings PLC | 170158 | 684035 |
|  |  | 7202252 |
| **Commercial Services & Supplies — 0.2%** |  |  |
| ACV Auctions, Inc., Class A (a) | 56971 | 564582 |
| Brink's Co. | 6600 | 771276 |
| Cintas Corp. (b) | 76 | 15600 |
| Civeo Corp. | 4575 | 105225 |
| Copart, Inc. (a) | 693 | 31164 |
| Montrose Environmental Group, Inc. (a) | 4195 | 115195 |
| OPENLANE, Inc. (a) | 2615 | 75260 |
| Tetra Tech, Inc. | 13384 | 446758 |
| Veralto Corp. | 4912 | 523668 |
|  |  | 2648728 |
| **Communications Equipment — 0.2%** |  |  |
| Arista Networks, Inc. (a) (b) | 11550 | 1682951 |
| BK Technologies Corp. (a) | 1251 | 105684 |
| Ciena Corp. (a) | 1622 | 236277 |
| Cisco Systems, Inc. | 17060 | 1167245 |
| Extreme Networks, Inc. (a) | 7554 | 155990 |
| F5, Inc. (a) | 53 | 17129 |
| Motorola Solutions, Inc. (b) | 37 | 16920 |
|  |  | 3382196 |
| **Construction & Engineering — 0.5%** |  |  |
| Comfort Systems USA, Inc. | 1323 | 1091713 |
| Dycom Industries, Inc. (a) (b) | 445 | 129833 |
| EMCOR Group, Inc. (b) | 1055 | 685265 |
| Fluor Corp. (a) (b) | 41784 | 1757853 |
| Granite Construction, Inc. (b) | 673 | 73795 |
| Great Lakes Dredge & Dock Corp. (a) (b) | 59618 | 714820 |
| Matrix Service Co. (a) | 53026 | 693580 |
| NWPX Infrastructure, Inc. (a) (b) | 3573 | 189119 |
| Orion Group Holdings, Inc. (a) | 73085 | 608067 |
| Valmont Industries, Inc. | 4851 | 1880878 |
|  |  | 7824923 |

---

**TIFF MULTI-ASSET FUND / SCHEDULE OF INVESTMENTS (UNAUDITED)**

**September 30, 2025**

---

| | | |
|:---|:---|:---|
|  | **Number of<br> Shares** | **Value** |
| **Construction Materials — 0.1%** |  |  |
| CRH PLC (b) | 6287 | $753811 |
| **Consumer Finance — 0.2%** |  |  |
| American Express Co. | 162 | 55454 |
| Capital One Financial Corp. (b) | 4418 | 939178 |
| FirstCash Holdings, Inc. | 368 | 58299 |
| Green Dot Corp.,Class A (a) | 15247 | 204767 |
| Oportun Financial Corp. (a) | 97585 | 602099 |
| SLM Corp. | 5854 | 162039 |
| SoFi Technologies, Inc. (a) | 842 | 22246 |
| Synchrony Financial | 2342 | 166399 |
|  |  | 2210481 |
| **Consumer Staples Distribution & Retail — 1.0%** |  |  |
| Chefs' Warehouse, Inc. (a) | 4859 | 283425 |
| Costco Wholesale Corp. (b) | 6876 | 6364632 |
| Dollar General Corp. | 2752 | 284419 |
| Dollar Tree, Inc. (a) | 28775 | 2715497 |
| Grocery Outlet Holding Corp. (a) | 6876 | 110360 |
| Natural Grocers by Vitamin Cottage, Inc. | 6966 | 278640 |
| Sprouts Farmers Market, Inc. (a) | 2919 | 317587 |
| Sysco Corp. | 3831 | 315444 |
| Walgreens Boots Alliance, Inc. (a) | 67537 | 35795 |
| Walmart, Inc. (b) | 34327 | 3537741 |
|  |  | 14243540 |
| **Containers & Packaging — 0.0%** |  |  |
| Amcor PLC (b) | 1808 | 14789 |
| Crown Holdings, Inc. (b) | 3269 | 315753 |
|  |  | 330542 |
| **Distributors — 0.0%** |  |  |
| A-Mark Precious Metals, Inc. | 24470 | 633039 |
| **Diversified Consumer Services — 0.4%** |  |  |
| ADT, Inc. | 134635 | 1172671 |
| American Public Education, Inc. (a) (b) | 10290 | 406146 |
| Bright Horizons Family Solutions, Inc. (a) | 1422 | 154387 |
| Duolingo, Inc. (a) | 3446 | 1109061 |
| European Wax Center, Inc., Class A (a) | 1627 | 6492 |
| Graham Holdings Co., Class B | 17 | 20014 |
| Matthews International Corp., Class A (b) | 13586 | 329868 |
| Mister Car Wash, Inc. (a) | 442053 | 2356142 |
| WW International, Inc. (a) | 10209 | 279318 |
|  |  | 5834099 |

---

**TIFF MULTI-ASSET FUND / SCHEDULE OF INVESTMENTS (UNAUDITED)**

**September 30, 2025**

---

| | | |
|:---|:---|:---|
|  | **Number of<br> Shares** | **Value** |
| **Diversified Telecommunication Services — 0.2%** |  |  |
| Cogent Communications Holdings, Inc. | 5998 | $230023 |
| Globalstar, Inc. (a) | 54327 | 1976960 |
| Verizon Communications, Inc. (b) | 1582 | 69529 |
|  |  | 2276512 |
| **Electric Utilities — 0.1%** |  |  |
| Edison International (b) | 5549 | 306749 |
| NRG Energy, Inc. (b) | 1167 | 188996 |
| PG&E Corp. (b) | 50306 | 758614 |
|  |  | 1254359 |
| **Electrical Equipment — 0.4%** |  |  |
| Acuity, Inc. | 948 | 326482 |
| AMETEK, Inc. (b) | 780 | 146640 |
| Bloom Energy Corp., Class A (a) (b) | 466 | 39410 |
| EnerSys | 995 | 112395 |
| Enovix Corp. (a) (b) | 88747 | 884808 |
| Fluence Energy, Inc. (a) (b) | 134877 | 1456672 |
| GE Vernova, Inc. (b) | 2483 | 1526797 |
| Net Power, Inc. (a) (b) | 156531 | 471158 |
| NEXTracker, Inc., Class A (a) | 13550 | 1002564 |
| Regal Rexnord Corp. (b) | 276 | 39589 |
| Vertiv Holdings Co., Class A | 3050 | 460123 |
|  |  | 6466638 |
| **Electronic Equipment, Instruments & Components — 1.0%** |  |  |
| Advanced Energy Industries, Inc. | 2575 | 438111 |
| Amphenol Corp., Class A (b) | 53398 | 6608003 |
| Arrow Electronics, Inc. (a) | 3770 | 456170 |
| Bel Fuse, Inc., Class B | 598 | 84330 |
| Corning, Inc. | 497 | 40769 |
| Evolv Technologies Holdings, Inc. (a) | 13466 | 101668 |
| Napco Security Technologies, Inc. | 16415 | 705024 |
| PAR Technology Corp. (a) | 13698 | 542167 |
| Powerfleet, Inc. NJ (a) | 546483 | 2863571 |
| Rogers Corp. (a) | 5135 | 413162 |
| Teledyne Technologies, Inc. (a) | 3482 | 2040591 |
| Zebra Technologies Corp., Class A (a) | 58 | 17235 |
|  |  | 14310801 |
| **Energy Equipment & Services — 0.7%** |  |  |
| Atlas Energy Solutions, Inc. (b) | 10818 | 123001 |
| Bristow Group, Inc. (a) (b) | 12077 | 435738 |
| Halliburton Co. | 2605 | 64083 |
| Helix Energy Solutions Group, Inc. (a) | 115975 | 760796 |
| Innovex International, Inc. (a) | 19200 | 355968 |

---

**TIFF MULTI-ASSET FUND / SCHEDULE OF INVESTMENTS (UNAUDITED)**

**September 30, 2025**

---

| | | |
|:---|:---|:---|
|  | **Number of<br> Shares** | **Value** |
| National Energy Services Reunited Corp. (a) (b) | 54971 | $564003 |
| Oceaneering International, Inc. (a) | 65187 | 1615334 |
| Schlumberger NV | 31452 | 1081005 |
| Select Water Solutions, Inc. (b) | 23149 | 247463 |
| Solaris Energy Infrastructure, Inc. | 53831 | 2151625 |
| TETRA Technologies, Inc. (a) | 176249 | 1013432 |
| Tidewater, Inc. (a) | 24868 | 1326210 |
| Weatherford International PLC | 1198 | 81979 |
|  |  | 9820637 |
| **Entertainment — 1.0%** |  |  |
| Electronic Arts, Inc. | 6330 | 1276761 |
| Liberty Media Corp.-Liberty Formula One, Class C (a) | 388 | 40527 |
| Live Nation Entertainment, Inc. (a) | 25 | 4085 |
| Madison Square Garden Sports Corp. (a) | 10593 | 2404611 |
| Netflix, Inc. (a) (b) | 5105 | 6120487 |
| ROBLOX Corp., Class A (a) | 19654 | 2722472 |
| Roku, Inc. (a) | 12450 | 1246618 |
| Spotify Technology SA (a) (b) | 1296 | 904608 |
| TKO Group Holdings, Inc. | 1305 | 263558 |
| Walt Disney Co. (b) | 156 | 17862 |
|  |  | 15001589 |
| **Financial Services — 2.4%** |  |  |
| Affirm Holdings, Inc. (a) | 2312 | 168961 |
| Alerus Financial Corp. | 2545 | 56346 |
| American Bitcoin Corp. (a) | 12250 | 245000 |
| Berkshire Hathaway, Inc., Class B (a) (b) | 16082 | 8085065 |
| Chime Financial, Inc., Class A (a) | 60504 | 1220366 |
| Corebridge Financial, Inc. | 2738 | 87753 |
| Corpay, Inc. (a) | 2330 | 671180 |
| Euronet Worldwide, Inc. (a) | 171 | 15015 |
| Fidelity National Information Services, Inc. | 10084 | 664939 |
| Fiserv, Inc. (a) | 1003 | 129317 |
| Global Payments, Inc. | 8550 | 710334 |
| Jackson Financial, Inc., Class A | 69 | 6985 |
| Mastercard, Inc., Class A (b) | 28 | 15927 |
| MGIC Investment Corp. | 597 | 16937 |
| Paymentus Holdings, Inc., Class A (a) | 3519 | 107681 |
| PayPal Holdings, Inc. (a) | 15340 | 1028700 |
| Repay Holdings Corp. (a) | 114224 | 597392 |
| Shift4 Payments, Inc., Class A (a) | 12944 | 1001866 |
| Swiftmerge Acquisition Corp. (a) (f) (g) (h) | 1728 | 7266 |
| Visa, Inc., Class A (b) | 60351 | 20602624 |
|  |  | 35439654 |
| **Food Products — 0.2%** |  |  |
| Darling Ingredients, Inc. (a) | 49435 | 1526058 |
| Freshpet, Inc. (a) | 368 | 20281 |
| Kellanova | 682 | 55938 |

---

**TIFF MULTI-ASSET FUND / SCHEDULE OF INVESTMENTS (UNAUDITED)**

**September 30, 2025**

---

| | | |
|:---|:---|:---|
|  | **Number of<br> Shares** | **Value** |
| Lifeway Foods, Inc. (a) | 3666 | $101768 |
| Mama's Creations, Inc. (a) | 23046 | 242213 |
| Pilgrim's Pride Corp. | 1496 | 60917 |
| Tyson Foods, Inc., Class A | 4869 | 264387 |
|  |  | 2271562 |
| **Ground Transportation — 0.5%** |  |  |
| JB Hunt Transport Services, Inc. (b) | 3588 | 481402 |
| Knight-Swift Transportation Holdings, Inc. (b) | 357 | 14105 |
| Lyft, Inc., Class A (a) (b) | 65837 | 1449072 |
| Norfolk Southern Corp. (b) | 55 | 16523 |
| Saia, Inc. (a) | 2620 | 784323 |
| Uber Technologies, Inc. (a) (b) | 52959 | 5188393 |
| Union Pacific Corp. (b) | 143 | 33801 |
|  |  | 7967619 |
| **Health Care Equipment & Supplies — 1.4%** |  |  |
| Boston Scientific Corp. (a) (b) | 8138 | 794513 |
| Ceribell, Inc. (a) | 58444 | 671522 |
| Dentsply Sirona, Inc. | 15747 | 199829 |
| Dexcom, Inc. (a) | 770 | 51813 |
| Haemonetics Corp. (a) | 17633 | 859432 |
| IDEXX Laboratories, Inc. (a) | 7728 | 4937342 |
| Insulet Corp. (a) | 46 | 14202 |
| Intuitive Surgical, Inc. (a) (b) | 1661 | 742849 |
| LivaNova PLC (a) | 1967 | 103031 |
| Medtronic PLC (b) | 2345 | 223338 |
| Merit Medical Systems, Inc. (a) | 21226 | 1766640 |
| SANUWAVE Health, Inc. (a) | 11302 | 423599 |
| Stryker Corp. (b) | 22871 | 8454723 |
| Treace Medical Concepts, Inc. (a) | 91602 | 614649 |
| Zimvie, Inc. (a) (b) | 34455 | 652578 |
|  |  | 20510060 |
| **Health Care Providers & Services — 1.5%** |  |  |
| agilon health, Inc. (a) | 1517997 | 1563537 |
| AirSculpt Technologies, Inc. (a) | 36741 | 294663 |
| Centene Corp. (a) | 79032 | 2819862 |
| CVS Health Corp. (b) | 10991 | 828611 |
| HCA Healthcare, Inc. (b) | 47 | 20031 |
| HealthEquity, Inc. (a) | 38734 | 3670821 |
| McKesson Corp. (b) | 5539 | 4279099 |
| Molina Healthcare, Inc. (a) | 8518 | 1630004 |
| NeoGenomics, Inc. (a) | 213229 | 1646128 |
| Oncology Institute, Inc. (a) | 364495 | 1272088 |
| Progyny, Inc. (a) (b) | 48182 | 1036877 |
| Talkspace, Inc. (a) | 218918 | 604214 |
| Tenet Healthcare Corp. (a) | 5280 | 1072051 |
| UnitedHealth Group, Inc. (b) | 3044 | 1051093 |

---

**TIFF MULTI-ASSET FUND / SCHEDULE OF INVESTMENTS (UNAUDITED)**

**September 30, 2025**

---

| | | |
|:---|:---|:---|
|  | **Number of<br> Shares** | **Value** |
| Universal Health Services, Inc., Class B | 464 | $94860 |
|  |  | 21883939 |
| **Health Care REITs — 0.0%** |  |  |
| Ventas, Inc. (b) | 241 | 16868 |
| Welltower, Inc. (b) | 101 | 17992 |
|  |  | 34860 |
| **Health Care Technology — 0.3%** |  |  |
| OptimizeRx Corp. (a) | 40185 | 823793 |
| Phreesia, Inc. (a) | 98208 | 2309852 |
| Veeva Systems, Inc., Class A (a) | 2400 | 714984 |
|  |  | 3848629 |
| **Hotels, Restaurants & Leisure — 1.7%** |  |  |
| Airbnb, Inc., Class A (a) (b) | 8139 | 988237 |
| Aramark (b) | 4811 | 184742 |
| Booking Holdings, Inc. (b) | 1169 | 6311747 |
| Carnival Corp. (a) (b) | 25381 | 733765 |
| Chipotle Mexican Grill, Inc. (a) (b) | 6619 | 259399 |
| Darden Restaurants, Inc. | 1034 | 196832 |
| Domino's Pizza, Inc. (b) | 1056 | 455886 |
| DoorDash, Inc., Class A (a) (b) | 6847 | 1862315 |
| DraftKings, Inc., Class A (a) (b) | 19624 | 733938 |
| Expedia Group, Inc. (b) | 5863 | 1253216 |
| Hilton Worldwide Holdings, Inc. (b) | 2479 | 643152 |
| Las Vegas Sands Corp. (b) | 288 | 15491 |
| Marriott International, Inc., Class A | 19575 | 5098113 |
| MGM Resorts International (a) | 14541 | 503991 |
| Nathan's Famous, Inc. | 2775 | 307303 |
| Norwegian Cruise Line Holdings Ltd. (a) | 129849 | 3198181 |
| Sweetgreen, Inc., Class A (a) | 105188 | 839400 |
| Texas Roadhouse, Inc. (b) | 5967 | 991417 |
| Viking Holdings Ltd. (a) (b) | 325 | 20202 |
| Wendy's Co. | 68774 | 629970 |
| Wingstop, Inc. | 867 | 218207 |
|  |  | 25445504 |
| **Household Durables — 0.2%** |  |  |
| Champion Homes, Inc. (a) (b) | 2042 | 155947 |
| DR Horton, Inc. (b) | 507 | 85921 |
| Garmin Ltd. (b) | 4074 | 1003100 |
| Mohawk Industries, Inc. (a) (b) | 1955 | 252039 |
| Toll Brothers, Inc. (b) | 7391 | 1020993 |
|  |  | 2518000 |

---

**TIFF MULTI-ASSET FUND / SCHEDULE OF INVESTMENTS (UNAUDITED)**

**September 30, 2025**

---

| | | |
|:---|:---|:---|
|  | **Number of<br> Shares** | **Value** |
| **Household Products — 0.7%** |  |  |
| Church & Dwight Co., Inc. | 49901 | $4372824 |
| Procter & Gamble Co. (b) | 40678 | 6250175 |
|  |  | 10622999 |
| **Independent Power & Renewable Electricity Producers — 0.0%** |  |  |
| Vistra Corp. (b) | 2835 | 555433 |
| **Industrial Conglomerates — 0.2%** |  |  |
| 3M Co. (b) | 4447 | 690085 |
| Honeywell International, Inc. (b) | 14010 | 2949105 |
|  |  | 3639190 |
| **Insurance — 0.8%** |  |  |
| Allstate Corp. | 79 | 16957 |
| American International Group, Inc. | 2223 | 174594 |
| Axis Capital Holdings Ltd. | 16049 | 1537494 |
| Brown & Brown, Inc. | 13000 | 1219270 |
| Chubb Ltd. (b) | 614 | 173302 |
| Cincinnati Financial Corp. | 550 | 86955 |
| CNA Financial Corp. | 2245 | 104303 |
| Everest Group Ltd. | 1650 | 577879 |
| Fidelity National Financial, Inc. | 56332 | 3407523 |
| Globe Life, Inc. | 3346 | 478378 |
| Hartford Insurance Group, Inc. | 2343 | 312533 |
| Kemper Corp. | 8549 | 440701 |
| MetLife, Inc. | 852 | 70179 |
| Old Republic International Corp. | 412 | 17498 |
| Primerica, Inc. | 58 | 16100 |
| Progressive Corp. (b) | 7236 | 1786930 |
| Reinsurance Group of America, Inc. | 1872 | 359667 |
| Selective Insurance Group, Inc. | 10015 | 811916 |
| Travelers Cos., Inc. | 63 | 17591 |
| Unum Group | 202 | 15712 |
|  |  | 11625482 |
| **Interactive Media & Services — 3.5%** |  |  |
| Alphabet, Inc., Class A (b) | 64378 | 15650292 |
| Alphabet, Inc., Class C | 12204 | 2972284 |
| Match Group, Inc. | 20273 | 716042 |
| Meta Platforms, Inc., Class A (b) | 37110 | 27252842 |
| Pinterest, Inc., Class A (a) | 55470 | 1784470 |
| ZoomInfo Technologies, Inc. (a) | 268979 | 2934561 |
|  |  | 51310491 |
| **IT Services — 1.7%** |  |  |
| Akamai Technologies, Inc. (a) | 4308 | 326374 |

---

**TIFF MULTI-ASSET FUND / SCHEDULE OF INVESTMENTS (UNAUDITED)**

**September 30, 2025**

---

| | | |
|:---|:---|:---|
|  | **Number of<br> Shares** | **Value** |
| Cloudflare, Inc., Class A (a) | 64120 | $13759511 |
| Commerce.com, Inc. (a) | 153362 | 765276 |
| Gartner, Inc. (a) | 815 | 214239 |
| GoDaddy, Inc., Class A (a) | 555 | 75941 |
| Grid Dynamics Holdings, Inc. (a) | 133243 | 1027303 |
| Kyndryl Holdings, Inc. (a) | 8589 | 257928 |
| MongoDB, Inc. (a) | 1924 | 597171 |
| Okta, Inc. (a) | 7331 | 672253 |
| Snowflake, Inc. (a) (b) | 28915 | 6521778 |
| VeriSign, Inc. | 3249 | 908323 |
|  |  | 25126097 |
| **Leisure Products — 0.2%** |  |  |
| Clarus Corp. | 166802 | 583807 |
| Hasbro, Inc. (b) | 7292 | 553098 |
| Latham Group, Inc. (a) (b) | 139839 | 1064175 |
|  |  | 2201080 |
| **Life Sciences Tools & Services — 1.1%** |  |  |
| Agilent Technologies, Inc. (b) | 133 | 17071 |
| Charles River Laboratories International, Inc. (a) (b) | 166 | 25972 |
| Danaher Corp. (b) | 79 | 15662 |
| Illumina, Inc. (a) | 3941 | 374277 |
| IQVIA Holdings, Inc. (a) (b) | 5924 | 1125205 |
| Maravai LifeSciences Holdings, Inc., Class A (a) | 218197 | 626225 |
| Medpace Holdings, Inc. (a) | 2528 | 1299796 |
| Mettler-Toledo International, Inc. (a) | 3606 | 4426762 |
| Repligen Corp. (a) (b) | 1603 | 214273 |
| Thermo Fisher Scientific, Inc. (b) | 37 | 17946 |
| Waters Corp. (a) | 23283 | 6980476 |
| West Pharmaceutical Services, Inc. | 1108 | 290662 |
|  |  | 15414327 |
| **Machinery — 0.5%** |  |  |
| Allison Transmission Holdings, Inc. | 2058 | 174683 |
| Chart Industries, Inc. (a) (b) | 804 | 160921 |
| Cummins, Inc. | 620 | 261869 |
| Deere & Co. (b) | 186 | 85050 |
| Enerpac Tool Group Corp. (b) | 10848 | 444768 |
| Flowserve Corp. | 8403 | 446535 |
| Lincoln Electric Holdings, Inc. (b) | 8 | 1887 |
| Mayville Engineering Co., Inc. (a) | 21647 | 297863 |
| Mueller Industries, Inc. | 3898 | 394127 |
| PACCAR, Inc. | 157 | 15436 |
| RBC Bearings, Inc. (a) | 5887 | 2297637 |
| Standex International Corp. (b) | 658 | 139430 |
| Stanley Black & Decker, Inc. (b) | 14819 | 1101496 |
| Toro Co. | 936 | 71323 |
| Wabash National Corp. | 38627 | 381249 |
| Westinghouse Air Brake Technologies Corp. (b) | 82 | 16439 |

---

**TIFF MULTI-ASSET FUND / SCHEDULE OF INVESTMENTS (UNAUDITED)**

**September 30, 2025**

---

| | | |
|:---|:---|:---|
|  | **Number of<br> Shares** | **Value** |
| Xylem, Inc. (b) | 2237 | $329958 |
|  |  | 6620671 |
| **Media — 0.4%** |  |  |
| Charter Communications, Inc., Class A (a) | 2586 | 711421 |
| DoubleVerify Holdings, Inc. (a) | 1655 | 19827 |
| EchoStar Corp., Class A (a) | 31639 | 2415954 |
| Integral Ad Science Holding Corp. (a) | 49498 | 503395 |
| Liberty Broadband Corp., Class C (a) | 246 | 15631 |
| Magnite, Inc. (a) | 1417 | 30862 |
| New York Times Co., Class A | 1740 | 99876 |
| News Corp., Class A | 3925 | 120537 |
| PubMatic, Inc., Class A (a) | 96076 | 795509 |
| Thryv Holdings, Inc. (a) | 112526 | 1357064 |
|  |  | 6070076 |
| **Metals & Mining — 0.6%** |  |  |
| Carpenter Technology Corp. | 1991 | 488870 |
| Coeur Mining, Inc. (a) (b) | 59000 | 1106836 |
| Constellium SE (a) | 5475 | 81468 |
| Ferroglobe PLC | 115544 | 525725 |
| Freeport-McMoRan, Inc. (b) | 45197 | 1772626 |
| Ivanhoe Electric, Inc. (a) | 26247 | 329400 |
| Metallus, Inc. (a) | 893 | 14761 |
| Newmont Corp. (b) | 2814 | 237248 |
| Newmont Corp.CDI | 19541 | 1678669 |
| Nucor Corp. | 773 | 104687 |
| Perpetua Resources Corp. (a) (b) | 62800 | 1270444 |
| Ramaco Resources, Inc., Class A (a) | 2208 | 73284 |
| Reliance, Inc. | 51 | 14322 |
| Royal Gold, Inc. | 2249 | 451104 |
| Ryerson Holding Corp. | 19468 | 445039 |
|  |  | 8594483 |
| **Oil, Gas & Consumable Fuels — 0.9%** |  |  |
| Antero Resources Corp. (a) | 14940 | 501386 |
| Cheniere Energy, Inc. (b) | 3890 | 914072 |
| Chevron Corp. (b) | 3595 | 558268 |
| Chord Energy Corp. | 161 | 15999 |
| CNX Resources Corp. (a) | 508 | 16317 |
| ConocoPhillips (b) | 4786 | 452708 |
| Devon Energy Corp. | 11604 | 406836 |
| Energy Fuels, Inc. (a) | 20145 | 309226 |
| EQT Corp. | 1159 | 63084 |
| Excelerate Energy, Inc., Class A (b) | 11555 | 291071 |
| Expand Energy Corp. (b) | 16901 | 1795562 |
| Exxon Mobil Corp. (b) | 6224 | 701756 |
| Kinder Morgan, Inc. | 557 | 15769 |
| Marathon Petroleum Corp. | 698 | 134533 |
| Matador Resources Co. | 4988 | 224111 |

---

**TIFF MULTI-ASSET FUND / SCHEDULE OF INVESTMENTS (UNAUDITED)**

**September 30, 2025**

---

| | | |
|:---|:---|:---|
|  | **Number of<br> Shares** | **Value** |
| Nordic American Tankers Ltd. | 192295 | $603806 |
| Ovintiv, Inc. | 12214 | 493201 |
| PBF Energy, Inc., Class A | 3647 | 110030 |
| Range Resources Corp. | 89824 | 3380975 |
| Shell PLC- ADR (b) | 7592 | 543056 |
| Targa Resources Corp. | 148 | 24796 |
| Ur-Energy, Inc. (a) | 437795 | 783653 |
| Uranium Energy Corp. (a) (b) | 45100 | 601634 |
| Valero Energy Corp. | 745 | 126844 |
| Venture Global, Inc., Class A (b) | 2470 | 35049 |
| Williams Cos., Inc. (b) | 264 | 16724 |
|  |  | 13120466 |
| **Paper & Forest Products — 0.0%** |  |  |
| Louisiana-Pacific Corp. | 511 | 45397 |
| **Passenger Airlines — 0.0%** |  |  |
| Delta Air Lines, Inc. (b) | 1787 | 101412 |
| United Airlines Holdings, Inc. (a) (b) | 614 | 59251 |
|  |  | 160663 |
| **Personal Care Products — 0.0%** |  |  |
| BellRing Brands, Inc. (a) | 10964 | 398541 |
| Upexi, Inc. (a) | 61900 | 284740 |
|  |  | 683281 |
| **Pharmaceuticals — 0.8%** |  |  |
| Bristol-Myers Squibb Co. (b) | 7789 | 351284 |
| Corcept Therapeutics, Inc. (a) | 4640 | 385630 |
| Eli Lilly & Co. (b) | 1239 | 945357 |
| Johnson & Johnson (b) | 10699 | 1983809 |
| Liquidia Corp. (a) | 43778 | 995512 |
| Merck & Co., Inc. (b) | 18435 | 1547250 |
| Mind Medicine MindMed, Inc. (a) | 3133 | 36938 |
| Perrigo Co. PLC (b) | 12312 | 274188 |
| Pfizer, Inc. (b) | 95221 | 2426231 |
| scPharmaceuticals, Inc. (a) | 9831 | 55742 |
| Xeris Biopharma Holdings, Inc. (a) | 89546 | 728904 |
| Zoetis, Inc. (b) | 18459 | 2700921 |
|  |  | 12431766 |
| **Professional Services — 1.2%** |  |  |
| Amentum Holdings, Inc. (a) | 34419 | 824335 |
| Automatic Data Processing, Inc. (b) | 36527 | 10720675 |
| Booz Allen Hamilton Holding Corp. | 6163 | 615992 |
| CBIZ, Inc. (a) | 6290 | 333118 |
| Clarivate PLC (a) | 22382 | 85723 |
| Concentrix Corp. | 13251 | 611534 |

---

**TIFF MULTI-ASSET FUND / SCHEDULE OF INVESTMENTS (UNAUDITED)**

**September 30, 2025**

---

| | | |
|:---|:---|:---|
|  | **Number of<br> Shares** | **Value** |
| Equifax, Inc. | 8034 | $2060962 |
| First Advantage Corp. (a) | 42834 | 659215 |
| Huron Consulting Group, Inc. (a) | 2581 | 378813 |
| Leidos Holdings, Inc. | 114 | 21541 |
| ManpowerGroup, Inc. | 3357 | 127230 |
| Paylocity Holding Corp. (a) | 1240 | 197495 |
| Robert Half, Inc. | 13880 | 471642 |
| Science Applications International Corp. | 148 | 14707 |
| SS&C Technologies Holdings, Inc. | 3717 | 329921 |
| Verra Mobility Corp. (a) | 1305 | 32234 |
|  |  | 17485137 |
| **Real Estate Management & Development — 0.1%** |  |  |
| Anywhere Real Estate, Inc. (a) (b) | 67827 | 718288 |
| Compass, Inc.,Class A (a) (b) | 507 | 4071 |
| CoStar Group, Inc. (a) (b) | 2149 | 181311 |
| Seaport Entertainment Group, Inc. (a) | 9622 | 220537 |
|  |  | 1124207 |
| **Semiconductors & Semiconductor Equipment — 7.1%** |  |  |
| Advanced Micro Devices, Inc. (a) (b) | 33171 | 5366736 |
| Analog Devices, Inc. (b) | 3219 | 790908 |
| Astera Labs, Inc. (a) | 7831 | 1533310 |
| Broadcom, Inc. | 12062 | 3979374 |
| Cirrus Logic, Inc. (a) | 755 | 94594 |
| Enphase Energy, Inc. (a) | 13270 | 469625 |
| First Solar, Inc. (a) | 15314 | 3377196 |
| GLOBALFOUNDRIES, Inc. (a) | 474 | 16988 |
| Intel Corp. (a) (b) | 82198 | 2757743 |
| KLA Corp. (b) | 526 | 567344 |
| Lam Research Corp. (b) | 8720 | 1167608 |
| Microchip Technology, Inc. | 9635 | 618760 |
| Micron Technology, Inc. (b) | 15042 | 2516827 |
| Monolithic Power Systems, Inc. | 4 | 3683 |
| NVIDIA Corp. (b) | 354520 | 66146342 |
| PDF Solutions, Inc. (a) | 13429 | 346737 |
| QUALCOMM, Inc. (b) | 3623 | 602722 |
| Silicon Laboratories, Inc. (a) | 1436 | 188303 |
| SiTime Corp. (a) | 157 | 47306 |
| Synaptics, Inc. (a) | 521 | 35605 |
| Texas Instruments, Inc. (b) | 57224 | 10513765 |
| Universal Display Corp. | 17600 | 2527888 |
|  |  | 103669364 |
| **Software — 6.5%** |  |  |
| Adobe, Inc. (a) (b) | 6762 | 2385295 |
| Atlassian Corp., Class A (a) | 5396 | 861741 |
| AvePoint, Inc. (a) | 20376 | 305844 |
| Bill Holdings, Inc. (a) | 78394 | 4152530 |
| Blackbaud, Inc. (a) | 21086 | 1356041 |

---

**TIFF MULTI-ASSET FUND / SCHEDULE OF INVESTMENTS (UNAUDITED)**

**September 30, 2025**

---

| | | |
|:---|:---|:---|
|  | **Number of<br> Shares** | **Value** |
| Box, Inc., Class A (a) | 9294 | $299917 |
| Cadence Design Systems, Inc. (a) (b) | 360 | 126454 |
| Cerence, Inc. (a) | 4872 | 60705 |
| Circle Internet Group, Inc. (a) | 6141 | 814174 |
| Commvault Systems, Inc. (a) | 2969 | 560488 |
| Confluent, Inc., Class A (a) | 93838 | 1857992 |
| Crowdstrike Holdings, Inc., Class A (a) | 8466 | 4151557 |
| Datadog, Inc., Class A (a) | 44238 | 6299491 |
| Docusign, Inc. (a) | 3166 | 228237 |
| Dolby Laboratories, Inc., Class A | 213 | 15415 |
| Elastic NV (a) | 6408 | 541412 |
| Fair Isaac Corp. (a) | 75 | 112240 |
| Fortinet, Inc. (a) | 55789 | 4690739 |
| Freshworks, Inc., Class A (a) | 2715 | 31956 |
| Gen Digital, Inc. | 6809 | 193307 |
| Gitlab, Inc., Class A (a) | 27001 | 1217205 |
| Guidewire Software, Inc. (a) | 4182 | 961274 |
| HubSpot, Inc. (a) | 1675 | 783565 |
| Informatica, Inc., Class A (a) | 4283 | 106390 |
| Intuit, Inc. (b) | 6488 | 4430720 |
| Manhattan Associates, Inc. (a) | 3509 | 719275 |
| Meridianlink, Inc. (a) | 26206 | 522286 |
| Microsoft Corp. (b) | 56261 | 29140385 |
| Monday.com Ltd. (a) | 13583 | 2630891 |
| N-able, Inc. (a) | 102122 | 796552 |
| NCR Voyix Corp. (a) | 462967 | 5810236 |
| Netskope, Inc., Class A (a) (b) | 16900 | 384137 |
| Nutanix, Inc., Class A (a) | 13833 | 1029037 |
| Oracle Corp. | 7603 | 2138268 |
| Palantir Technologies, Inc., Class A (a) (b) | 31542 | 5753892 |
| Palo Alto Networks, Inc. (a) (b) | 6522 | 1328010 |
| Qualys, Inc. (a) | 518 | 68547 |
| Rimini Street, Inc. (a) | 44199 | 206851 |
| Roper Technologies, Inc. (b) | 98 | 48872 |
| Rubrik, Inc., Class A (a) | 4229 | 347835 |
| Salesforce, Inc. (b) | 12807 | 3035259 |
| ServiceNow, Inc. (a) | 510 | 469343 |
| Sprinklr, Inc., Class A (a) | 58399 | 450840 |
| Sprout Social, Inc., Class A (a) | 35164 | 454319 |
| UiPath, Inc., Class A (a) | 17044 | 228049 |
| Weave Communications, Inc. (a) | 121868 | 814078 |
| Workday, Inc., Class A (a) | 1688 | 406352 |
| Xperi, Inc. (a) | 18164 | 117703 |
| Zoom Communications, Inc. (a) | 10781 | 889432 |
| Zscaler, Inc. (a) | 4161 | 1246860 |
|  |  | 95581998 |
| **Specialized REITs — 0.1%** |  |  |
| Extra Space Storage, Inc. (b) | 7630 | 1075372 |
| SBA Communications Corp. | 77 | 14888 |
|  |  | 1090260 |

---

**TIFF MULTI-ASSET FUND / SCHEDULE OF INVESTMENTS (UNAUDITED)**

**September 30, 2025**

---

| | | |
|:---|:---|:---|
|  | **Number of<br> Shares** | **Value** |
| **Specialty Retail — 0.9%** |  |  |
| Abercrombie & Fitch Co., Class A (a) | 6588 | $563603 |
| Arhaus, Inc. (a) | 121855 | 1295319 |
| Bath & Body Works, Inc. | 1762 | 45389 |
| Best Buy Co., Inc. (b) | 13082 | 989261 |
| CarMax, Inc. (a) | 13786 | 618578 |
| Chewy, Inc., Class A (a) | 49610 | 2006725 |
| Dick's Sporting Goods, Inc. | 1852 | 411551 |
| Gap, Inc. | 23766 | 508355 |
| MarineMax, Inc. (a) | 34296 | 868718 |
| ODP Corp. (a) | 1665 | 46370 |
| Ross Stores, Inc. (b) | 432 | 65832 |
| TJX Cos., Inc. (b) | 39230 | 5670304 |
|  |  | 13090005 |
| **Technology Hardware, Storage & Peripherals — 2.5%** |  |  |
| Apple, Inc. (b) | 130144 | 33138567 |
| Dell Technologies, Inc., Class C | 4128 | 585227 |
| HP, Inc. | 610 | 16610 |
| NetApp, Inc. | 765 | 90622 |
| Pure Storage, Inc., Class A (a) | 3805 | 318897 |
| Sandisk Corp. (a) | 3767 | 422657 |
| Seagate Technology Holdings PLC | 3979 | 939283 |
| Western Digital Corp. | 5100 | 612306 |
|  |  | 36124169 |
| **Textiles, Apparel & Luxury Goods — 0.3%** |  |  |
| Crocs, Inc. (a) | 2612 | 218233 |
| Deckers Outdoor Corp. (a) (b) | 4161 | 421800 |
| NIKE, Inc., Class B (b) | 34315 | 2392785 |
| Tapestry, Inc. (b) | 9781 | 1107405 |
| VF Corp. | 3845 | 55483 |
|  |  | 4195706 |
| **Tobacco — 0.7%** |  |  |
| Altria Group, Inc. (b) | 9086 | 600221 |
| Philip Morris International, Inc. (b) | 61355 | 9951781 |
|  |  | 10552002 |
| **Trading Companies & Distributors — 0.1%** |  |  |
| Air Lease Corp. | 7195 | 457962 |
| Ferguson Enterprises, Inc. (b) | 1440 | 323395 |
|  |  | 781357 |
| **Water Utilities — 0.0%** |  |  |
| Consolidated Water Co. Ltd. (b) | 3506 | 123692 |

---

**TIFF MULTI-ASSET FUND / SCHEDULE OF INVESTMENTS (UNAUDITED)**

**September 30, 2025**

---

| | | |
|:---|:---|:---|
|  | **Number of<br> Shares** | **Value** |
| H2O America (b) | 993 | $48359 |
|  |  | 172051 |
| **Wireless Telecommunication Services — 0.0%** |  |  |
| T-Mobile U.S., Inc. (b) | 1138 | 272414 |
| Telephone & Data Systems, Inc. (b) | 5995 | 235244 |
|  |  | 507658 |
| Total U.S. Common Stocks <br> (Cost $656,600,884) |  | 802631535 |
| **Foreign Common Stocks — 18.6%** |  |  |
| **Argentina — 0.1%** |  |  |
| Cresud SACIF y A - SPADR (a) (c) | 87952 | 809158 |
| **Australia — 0.5%** |  |  |
| Deterra Royalties Ltd. (c) | 184702 | 487662 |
| Glencore PLC (a) | 472176 | 2182043 |
| Meteoric Resources NL (a) | 6114077 | 584731 |
| Paladin Energy Ltd. (a) (c) | 294777 | 1584344 |
| Paladin Energy Ltd. (a) (c) | 444182 | 2459614 |
| Rio Tinto PLC - SPADR (b) | 3138 | 207139 |
| Silex Systems Ltd. (a) | 35376 | 154852 |
|  |  | 7660385 |
| **Brazil — 0.8%** |  |  |
| BrasilAgro - Co. Brasileira de Propriedades Agricolas | 120600 | 458857 |
| Centrais Eletricas Brasileiras SA | 203202 | 2005199 |
| Itau Unibanco Holding SA - ADR | 4773 | 35034 |
| MercadoLibre, Inc. (a) | 2438 | 5697460 |
| NU Holdings Ltd., Class A (a) | 21878 | 350267 |
| Petroleo Brasileiro SA - Petrobras - SPADR (b) | 3055 | 38676 |
| Sigma Lithium Corp. (a) | 75943 | 486794 |
| Vale SA | 187391 | 2027333 |
| Vale SA - SPADR | 636 | 6907 |
|  |  | 11106527 |
| **Burkina Faso — 0.1%** |  |  |
| IAMGOLD Corp. (a) | 103000 | 1330704 |
| **Cameroon, United Republic Of — 0.1%** |  |  |
| Golar LNG Ltd. | 23523 | 950564 |
| **Canada — 5.6%** |  |  |
| AG Growth International, Inc. | 35000 | 914673 |
| Algoma Steel Group, Inc. | 41391 | 146922 |
| Algoma Steel Group, Inc. | 9873 | 35098 |

---

**TIFF MULTI-ASSET FUND / SCHEDULE OF INVESTMENTS (UNAUDITED)**

**September 30, 2025**

---

| | | |
|:---|:---|:---|
|  | **Number of<br> Shares** | **Value** |
| Altus Group Ltd. (b) | 20300 | $867020 |
| Americas Gold & Silver Corp. (a) (b) | 1097212 | 4091778 |
| Asante Gold Corp. (a) (f) | 450000 | 759862 |
| Barrick Mining Corp. | 54271 | 1778461 |
| Barrick Mining Corp. (b) | 58900 | 1934554 |
| Bear Creek Mining Corp. (a) | 424151 | 198102 |
| Bitcoin Treasury Corp. (a) | 73700 | 390821 |
| BlackBerry Ltd. (a) (b) | 291219 | 1420836 |
| Boralex, Inc.,Class A (b) | 24000 | 468549 |
| Brookfield Corp. (b) | 1548 | 106162 |
| Cameco Corp. - TSX Shares (b) | 17300 | 1451922 |
| Canaccord Genuity Group, Inc. (b) | 121400 | 936866 |
| Capstone Copper Corp. (a) (b) | 336176 | 2855213 |
| Champion Iron Ltd. (c) | 53402 | 165672 |
| Cineplex, Inc. (a) (b) | 73400 | 629731 |
| Culico Metals, Inc. (a) (f) | 58650 | 8218 |
| Definity Financial Corp. (b) | 20200 | 1038231 |
| Denison Mines Corp. (a) | 549495 | 1511111 |
| Dominion Lending Centres, Inc. (b) | 37000 | 284472 |
| Dye & Durham Ltd. | 125700 | 668377 |
| ECN Capital Corp. (b) | 480251 | 980034 |
| Enerflex Ltd. (b) | 94200 | 1015982 |
| Equinox Gold Corp. (a) | 36515 | 409046 |
| Equinox Gold Corp. (a) | 99472 | 1116076 |
| Foran Mining Corp. (a) | 260503 | 728143 |
| Global Atomic Corp. (a) | 138100 | 75416 |
| Highlander Silver Corp. (a) | 884600 | 2726833 |
| Hudbay Minerals, Inc. | 12296 | 186407 |
| Hudbay Minerals, Inc. | 79815 | 1208953 |
| i-80 Gold Corp. (a) | 1083800 | 1035462 |
| i-80 Gold Corp. (a) | 100 | 96 |
| International Tower Hill Mines Ltd. (a) | 376174 | 616925 |
| Keyera Corp. (b) | 23400 | 763354 |
| Kraken Robotics, Inc. (a) (b) | 239200 | 780318 |
| Lithium Argentina AG (a) | 606128 | 2024467 |
| MEG Energy Corp. | 74041 | 1493908 |
| Minera Alamos, Inc. (a) (f) | 3532200 | 1294274 |
| Mx2 Mining, Inc. (a) (f) | 198300 | 71244 |
| Neo Performance Materials, Inc. | 192558 | 2746480 |
| NexGen Energy Ltd. (a) | 139226 | 1246073 |
| NGEx Minerals Ltd. (a) | 22900 | 426999 |
| North American Construction Group Ltd. | 41600 | 590955 |
| Northern Dynasty Minerals Ltd. (a) (c) | 588789 | 706547 |
| Northern Dynasty Minerals Ltd. (a) (c) | 752336 | 913593 |
| Novagold Resources, Inc. (a) | 360002 | 3168018 |
| Nutrien Ltd. | 20369 | 1195864 |
| NuVista Energy Ltd. (a) (b) | 80100 | 925493 |
| Pasofino Gold Ltd. (a) | 61000 | 21477 |
| Power Metallic Mines, Inc. (a) | 337470 | 351607 |
| Propel Holdings, Inc. (b) | 45900 | 968989 |
| Sandstorm Gold Ltd. | 37008 | 463340 |
| Seabridge Gold, Inc. (a) (c) | 101511 | 2448605 |
| Seabridge Gold, Inc. (a) | 104006 | 2511745 |

---

**TIFF MULTI-ASSET FUND / SCHEDULE OF INVESTMENTS (UNAUDITED)**

**September 30, 2025**

---

| | | |
|:---|:---|:---|
|  | **Number of<br> Shares** | **Value** |
| Shopify, Inc., Class A (a) | 99895 | $14845396 |
| Silver Tiger Metals, Inc. (a) | 1388900 | 758471 |
| Solaris Resources, Inc. (a) (b) | 226000 | 1442035 |
| Somerset Energy Partners Corp. (a) (f) (g) (h) | 130200 | 32744 |
| Sprott Physical Uranium Trust | 183261 | 3664693 |
| Tamarack Valley Energy Ltd. (b) | 212600 | 924215 |
| Taseko Mines Ltd. (a) | 84585 | 357795 |
| Teck Resources Ltd., Class B | 7855 | 344756 |
| Uranium Royalty Corp. (a) | 16032 | 68938 |
| Victoria Gold Corp./Vancouver (a) (f) | 225800 | 1622 |
| Vox Royalty Corp. | 158400 | 681120 |
| Well Health Technologies Corp. (a) (b) | 63700 | 235265 |
| Western Copper & Gold Corp. (a) | 341385 | 677030 |
|  |  | 81909454 |
| **Cayman Islands — 0.1%** |  |  |
| Accelerant Holdings, Class A (a) | 45715 | 680696 |
| XTAO, Inc. (a) | 99000 | 94050 |
|  |  | 774746 |
| **Chile — 0.2%** |  |  |
| Empresa Nacional de Telecomunicaciones SA | 418605 | 1476000 |
| Lundin Mining Corp. | 45918 | 684959 |
| Sociedad Quimica y Minera de Chile SA - SPADR (a) | 14724 | 632838 |
|  |  | 2793797 |
| **China — 0.4%** |  |  |
| Baidu, Inc., Class A (a) | 128150 | 2123955 |
| CGN Power Co. Ltd., Class H (d) (c) | 3978000 | 1478265 |
| Changgang Dunxin Enterprise Co. Ltd. (a) (f) (g) | 4640000 |  |
| China Communications Services Corp. Ltd., Class H | 1802000 | 1067015 |
| China Gas Holdings Ltd. (c) | 333200 | 326262 |
| China Reinsurance Group Corp., Class H | 459000 | 91518 |
| Guangshen Railway Co. Ltd., Class H | 2272000 | 730504 |
| JD.com, Inc. - ADR (b) | 7574 | 264939 |
|  |  | 6082458 |
| **Colombia — 0.1%** |  |  |
| Aris Mining Corp. (a) | 90862 | 890535 |
| **Congo — 0.2%** |  |  |
| Ivanhoe Mines Ltd., Class A (a) (c) | 209240 | 2219144 |
| **Costa Rica — 0.1%** |  |  |
| Establishment Labs Holdings, Inc. (a) | 27970 | 1146490 |
| **Denmark — 0.6%** |  |  |
| Coloplast AS, Class B | 39459 | 3377453 |

---

**TIFF MULTI-ASSET FUND / SCHEDULE OF INVESTMENTS (UNAUDITED)**

**September 30, 2025**

---

| | | |
|:---|:---|:---|
|  | **Number of<br> Shares** | **Value** |
| Novo Nordisk AS, Class B | 87151 | $4810362 |
|  |  | 8187815 |
| **Finland — 0.0%** |  |  |
| Nanoform Finland PLC (a) | 261974 | 396447 |
| **France — 1.6%** |  |  |
| Amundi SA (d) | 8934 | 711514 |
| Carrefour SA | 131723 | 1994480 |
| Eramet SA (c) | 21382 | 1409542 |
| EssilorLuxottica SA | 11974 | 3905631 |
| Euroapi SA (a) | 150952 | 548762 |
| L'Oreal SA | 20524 | 8893103 |
| LVMH Moet Hennessy Louis Vuitton SE | 8891 | 5440262 |
| Sequans Communications SA - ADR (a) | 13698 | 129583 |
| Sequans Communications SA - ADR (a) | 11 | 101 |
| Teleperformance SE (c) | 6803 | 507167 |
|  |  | 23540145 |
| **Germany — 0.5%** |  |  |
| ATAI Life Sciences NV (a) (b) | 29186 | 154394 |
| BASF SE | 6476 | 322789 |
| BioNTech SE - ADR (a) (b) | 23859 | 2352975 |
| K&S AG | 238822 | 3233830 |
| Orion SA | 52672 | 399254 |
| SAP SE - SPADR (b) | 1463 | 390928 |
|  |  | 6854170 |
| **Hong Kong — 0.1%** |  |  |
| Bank of East Asia Ltd. | 117800 | 183388 |
| CECEP COSTIN New Materials Group Ltd. (a) (f) (g) | 1736000 |  |
| Futu Holdings Ltd. - ADR | 2617 | 455123 |
| Hi Sun Technology China Ltd. (a) | 4344000 | 295859 |
| Hua Han Health Industry Holdings Ltd. (a) (f) (g) | 6984000 |  |
| Luks Group Vietnam Holdings Co. Ltd. | 1682000 | 210865 |
| PAX Global Technology Ltd. | 189000 | 140117 |
|  |  | 1285352 |
| **India — 0.0%** |  |  |
| HDFC Bank Ltd. - ADR (b) | 7293 | 249129 |
| ICICI Bank Ltd. - SPADR (b) | 15609 | 471860 |
|  |  | 720989 |
| **Indonesia — 0.4%** |  |  |
| First Pacific Co. Ltd. | 473000 | 396739 |
| First Resources Ltd. | 658400 | 857631 |
| Golden Agri-Resources Ltd. | 16155300 | 3692343 |
| Indah Kiat Pulp & Paper Tbk. PT | 653600 | 288584 |
| Media Nusantara Citra Tbk. PT (a) | 18001800 | 324368 |

---

**TIFF MULTI-ASSET FUND / SCHEDULE OF INVESTMENTS (UNAUDITED)**

**September 30, 2025**

---

| | | |
|:---|:---|:---|
|  | **Number of<br> Shares** | **Value** |
| United Tractors Tbk. PT | 247700 | $398789 |
|  |  | 5958454 |
| **Ireland — 0.1%** |  |  |
| Accenture PLC, Class A | 5712 | 1408579 |
| AerCap Holdings NV | 1662 | 201102 |
| GH Research PLC (a) | 22734 | 325096 |
|  |  | 1934777 |
| **Israel — 0.2%** |  |  |
| Global-e Online Ltd. (a) | 28836 | 1031175 |
| Nice Ltd. - SPADR (a) | 1493 | 216157 |
| SimilarWeb Ltd. (a) | 178838 | 1663193 |
|  |  | 2910525 |
| **Italy — 0.1%** |  |  |
| Prysmian SpA | 18021 | 1800012 |
| Stevanato Group SpA (b) | 5906 | 152080 |
|  |  | 1952092 |
| **Japan — 0.4%** |  |  |
| Electric Power Development Co. Ltd. | 37000 | 694572 |
| Fukuda Corp. | 8600 | 409607 |
| Inpex Corp. | 47900 | 861526 |
| Japan Petroleum Exploration Co. Ltd. (c) | 94600 | 827743 |
| Kamigumi Co. Ltd. | 23700 | 719439 |
| Kato Sangyo Co. Ltd. | 8800 | 346860 |
| Kyorin Pharmaceutical Co. Ltd. | 116000 | 1161147 |
| Suzuken Co. Ltd. | 6100 | 240027 |
| West Japan Railway Co. (c) | 46200 | 1012791 |
|  |  | 6273712 |
| **Kazakhstan — 0.2%** |  |  |
| Halyk Savings Bank of Kazakhstan JSC - GDR (e) | 18848 | 474299 |
| NAC Kazatomprom JSC - GDR, 144A Shares (d) | 57345 | 3056488 |
|  |  | 3530787 |
| **Lebanon — 0.0%** |  |  |
| Solidere - ADR (a) (e) (f) (g) | 38451 | 490539 |
| **Macau — 0.0%** |  |  |
| SJM Holdings Ltd. (a) (c) | 1587000 | 677093 |
| **Malaysia — 0.1%** |  |  |
| Genting Plantations Bhd. | 550400 | 634191 |
| Hong Leong Financial Group Bhd. | 13100 | 53552 |

---

**TIFF MULTI-ASSET FUND / SCHEDULE OF INVESTMENTS (UNAUDITED)**

**September 30, 2025**

---

| | | |
|:---|:---|:---|
|  | **Number of<br> Shares** | **Value** |
| Oriental Holdings Bhd. | 371500 | $606182 |
|  |  | 1293925 |
| **Mexico — 0.1%** |  |  |
| Borr Drilling Ltd. (a) (c) | 115314 | 310195 |
| Coca-Cola Femsa SAB de CV - SPADR | 3472 | 288523 |
| Nemak SAB de CV (a) (d) | 1791588 | 418707 |
| Orbia Advance Corp. SAB de CV | 538395 | 523005 |
|  |  | 1540430 |
| **Myanmar — 0.0%** |  |  |
| Yoma Strategic Holdings Ltd. (a) | 3695700 | 250037 |
| **Netherlands — 0.1%** |  |  |
| Argenx SE - ADR (a) (b) | 20 | 14751 |
| ASML Holding NV (b) | 583 | 564397 |
| NXP Semiconductors NV | 1603 | 365051 |
|  |  | 944199 |
| **Peru — 0.0%** |  |  |
| Credicorp Ltd. | 410 | 109175 |
| **Philippines — 0.1%** |  |  |
| Puregold Price Club, Inc. | 587400 | 423935 |
| TaskUS, Inc.,Class A (a) | 20109 | 358946 |
|  |  | 782881 |
| **Poland — 0.0%** |  |  |
| KGHM Polska Miedz SA (a) | 7364 | 324880 |
| **Puerto Rico — 0.1%** |  |  |
| OFG Bancorp | 8493 | 369361 |
| Popular, Inc. | 5044 | 640638 |
|  |  | 1009999 |
| **Russia — 0.0%** |  |  |
| Etalon Group PLC - GDR (a) (e) (f) (g) | 599848 |  |
| Etalon Group PLC - GDR - LSE Shares (a) (e) (f) (g) | 84223 |  |
| Federal Grid Co-Rosseti PJSC (a) (f) (g) | 1019443892 |  |
| Gazprom PJSC (a) (f) (g) | 1409587 |  |
| Lenta International Co. PJSC - GDR (a) (f) (g) | 351208 |  |
| LSR Group PJSC (a) (f) (g) | 96020 |  |
| Moscow Exchange MICEX-RTS PJSC (a) (f) (g) | 798487 |  |
| Polyus PJSC - GDR (a) (e) (f) (g) | 34231 |  |
| RusHydro PJSC (a) (f) (g) | 354557380 |  |
| Sberbank of Russia PJSC (a) (f) (g) | 688194 |  |

---

**TIFF MULTI-ASSET FUND / SCHEDULE OF INVESTMENTS (UNAUDITED)**

**September 30, 2025**

---

| | | |
|:---|:---|:---|
|  | **Number of<br> Shares** | **Value** |
| VTB Bank PJSC (a) (f) (g) | 530060 | $— |
| **South Africa — 0.8%** |  |  |
| Impala Platinum Holdings Ltd. | 404773 | 5190816 |
| Sibanye Stillwater Ltd. (a) | 202000 | 572983 |
| Valterra Platinum Ltd. | 85552 | 6107919 |
|  |  | 11871718 |
| **South Korea — 1.4%** |  |  |
| Chong Kun Dang Pharmaceutical Corp. | 11876 | 696066 |
| DL E&C Co. Ltd. | 57917 | 1735683 |
| GS Holdings Corp. | 23911 | 782661 |
| Hankook & Co. Co. Ltd. | 54784 | 898850 |
| Hankook Tire & Technology Co. Ltd. | 11422 | 313460 |
| Hyundai Department Store Co. Ltd. | 19253 | 1209369 |
| Korea Electric Power Corp. | 48952 | 1262184 |
| Korea Electric Power Corp. - SPADR (c) | 66802 | 871766 |
| Korean Air Lines Co. Ltd. | 20635 | 335729 |
| Korean Reinsurance Co. | 55540 | 432600 |
| KT Corp. - SPADR | 134222 | 2617329 |
| LG Corp. | 44404 | 2289209 |
| LG Uplus Corp. | 491107 | 5381448 |
| Lotte Chemical Corp. | 18782 | 906195 |
| LX Holdings Corp. | 57257 | 316690 |
| LX International Corp. | 9726 | 221831 |
| Pan Ocean Co. Ltd. | 221746 | 609531 |
| PHA Co. Ltd. | 27869 | 219507 |
|  |  | 21100108 |
| **Spain — 0.2%** |  |  |
| Amadeus IT Group SA | 44560 | 3526782 |
| **Sri Lanka — 0.0%** |  |  |
| Hemas Holdings PLC | 2963448 | 320542 |
| **Sweden — 0.3%** |  |  |
| Atlas Copco AB, Class A | 251200 | 4277474 |
| Greater Than AB (a) | 278882 | 735159 |
|  |  | 5012633 |
| **Switzerland — 0.3%** |  |  |
| Garrett Motion, Inc. (b) | 6736 | 91744 |
| Sportradar Group AG, Class A (a) (b) | 158289 | 4257974 |
| TE Connectivity PLC | 1498 | 328856 |
|  |  | 4678574 |
| **Taiwan — 1.0%** |  |  |
| Taiwan Semiconductor Manufacturing Co. Ltd. - SPADR (b) | 51306 | 14329253 |

---

**TIFF MULTI-ASSET FUND / SCHEDULE OF INVESTMENTS (UNAUDITED)**

**September 30, 2025**

---

| | | |
|:---|:---|:---|
|  | **Number of<br> Shares** | **Value** |
| **Thailand — 0.1%** |  |  |
| Fabrinet (a) | 97 | $35368 |
| Kasikornbank PCL | 118000 | 608488 |
| Valeura Energy, Inc. (a) | 170100 | 882462 |
|  |  | 1526318 |
| **Turkey — 0.0%** |  |  |
| Trillion Energy International, Inc. (a) | 903135 | 8955 |
| **Ukraine — 0.1%** |  |  |
| Astarta Holding PLC | 44444 | 539251 |
| MHP SE GDR (a) (e) | 162326 | 995296 |
|  |  | 1534547 |
| **United Arab Emirates — 0.1%** |  |  |
| Kyivstar Group Ltd. (a) | 109780 | 1372250 |
| **United Kingdom — 1.2%** |  |  |
| AstraZeneca PLC - SPADR (b) | 7586 | 581998 |
| Barclays PLC - SPADR | 805 | 16639 |
| British American Tobacco PLC - SPADR (b) | 18341 | 973540 |
| CK Hutchison Holdings Ltd. | 398000 | 2626650 |
| Close Brothers Group PLC (a) | 49380 | 328978 |
| Compass Pathways PLC - ADR (a) | 48618 | 278581 |
| Flutter Entertainment PLC (a) (b) | 1963 | 498602 |
| Gabriel Resources Ltd. (a) | 193400 | 14592 |
| Indivior PLC (a) (b) | 15089 | 363796 |
| Man Group PLC | 139332 | 334261 |
| Schroders PLC | 254442 | 1288910 |
| TechnipFMC PLC | 35162 | 1387141 |
| Unilever PLC | 102133 | 6037300 |
| Vodafone Group PLC | 870108 | 1008973 |
| Yellow Cake PLC (a) (d) | 240389 | 1845638 |
|  |  | 17585599 |
| **Zambia — 0.1%** |  |  |
| First Quantum Minerals Ltd. (a) | 65596 | 1483770 |
| Total Foreign Common Stocks <br> (Cost $233,338,693) |  | 272993434 |
| Total Common Stocks <br> (Cost $889,939,577) |  | 1075624969 |

---

---

| | | |
|:---|:---|:---|
|  | **Number of<br> Contracts** | **Value** |
| **Rights — 0.0%** |  |  |
| Orsted AS, Expiring 10/02/25 (Denmark) (a) | 353700 | $352140 |

---

**TIFF MULTI-ASSET FUND / SCHEDULE OF INVESTMENTS (UNAUDITED)**

**September 30, 2025**

---

| | | |
|:---|:---|:---|
|  | **Number of<br> Contracts** | **Value** |
| Pan American Silver Corp., Expiring 02/22/29 (Canada) (a) (f) | 346146 | $121116 |
| Total Rights <br> (Cost $419,704) |  | 473256 |
| **Warrants — 0.1%** |  |  |
| Awale Resources Ltd., Expiring 05/08/26 (Canada) (a) (f) | 89000 | 3900 |
| EBET, Inc., Expiring 08/02/28 (United States) (a) (f) | 266 |  |
| Encore Energy Corp., Expiring 02/08/26 (Canada) (a) (f) | 49400 | 36828 |
| Esports Technologies, Inc., Expiring 11/30/26 (United States) (a) (f) (h) | 1005 | 1 |
| Global Atomic Corp., Expiring 01/31/28 (Canada) (a) (f) | 130700 | 34050 |
| Heliostar Metals Ltd., Expiring 03/09/26 (Canada) (a) (f) | 131700 | 144396 |
| Hive Digital Technologies Ltd., Expiring 12/28/26 (Canada) (a) (f) | 44900 | 58737 |
| i-80 Gold Corp., Expiring 11/16/27 (Canada) (a) | 1046300 | 470835 |
| i-80 Gold Corp., Expiring 05/01/28 (Canada) (a) | 310750 | 62521 |
| Ivanhoe Electric, Inc., Expiring 02/14/26 (United States) (a) (f) (g) | 15775 | 89444 |
| Organigram Global, Inc., Expiring 04/02/28 (Canada) (a) (f) | 337500 | 189676 |
| Sequans Communications SA, Expiring 10/01/25 (United States) (a) | 42589 | 4685 |
| U.S. Gold Corp., Expiring 11/30/27 (United States) (a) (f) | 18150 | 167952 |
| Ur-Energy, Inc., Expiring 02/21/26 (Canada) (a) (f) | 50000 | 25342 |
| Total Warrants <br> (Cost $321,740) |  | 1288367 |

---

---

| | | |
|:---|:---|:---|
|  | **Principal <br> Amount** | **Value** |
| **Corporate Bonds — 0.0%** |  |  |
| **Oil, Gas & Consumable Fuels — 0.0%** |  |  |
| Trillion Energy International, Inc., 12.000%, (Canada)(f) (g) (h) <br> (Cost $337,084) | $453800 | $211949 |
| **Convertible Bonds — 0.1%** |  |  |
| **Movies & Entertainment — 0.0%** |  |  |
| Cineplex, Inc., 7.750%, 03/01/30 (Canada)(a) (d) | 650000 | 637035 |
| **Software — 0.1%** |  |  |
| Dye & Durham Ltd., 3.750%, 03/01/26 (Canada)(a) (d) | 1085000 | 773385 |
| Total Convertible Bonds <br> (Cost $1,278,891) |  | 1410420 |
| **U.S. Treasury Bonds/Notes — 2.8%** |  |  |
| U.S. Treasury Notes, 2.750%, 08/15/32 | 13699000 | 12736859 |
| U.S. Treasury Notes, 3.375%, 05/15/33 | 15891000 | 15267775 |
| U.S. Treasury Notes, 3.875%, 08/15/33 | 12374000 | 12274428 |
| Total U.S. Treasury Bonds/Notes <br> (Cost $39,649,772) |  | 40279062 |

---

**TIFF MULTI-ASSET FUND / SCHEDULE OF INVESTMENTS (UNAUDITED)**

**September 30, 2025**

---

| | | |
|:---|:---|:---|
|  | **Number of<br> Shares** | **Value** |
| **Acquired Funds — 17.9%** |  |  |
| **Exchange-Traded Funds (ETFs) — 9.1%** |  |  |
| Financial Select Sector SPDR Fund | 1122025 | $60443487 |
| iShares Biotechnology ETF (c) | 55000 | 7940350 |
| SPDR S&P Biotech ETF (c) | 104112 | 10432022 |
| Technology Select Sector SPDR Fund | 96003 | 27059406 |
| Vanguard Financials ETF | 213451 | 28013309 |
|  |  | 133888574 |
| **Private Investment Funds (i) — 8.8%** |  |  |
| Bellus Ventures II LP (a) (f) (g) (h) | 96174 | 15847372 |
| Blackstone Diversified Trading Strategies Fund (a) (f) (g) (h) |  | 15242533 |
| Eversept Global Healthcare Fund LP (a) (f) (g) (h) |  | 23667184 |
| Farallon Capital Institutional Partners (a) (f) (g) (h) |  | 515490 |
| Helikon Long Short Equity Fund ICAV (a) (f) (g) (h) | 3314 | 36216430 |
| Voloridge Fund LP (a) (f) (g) (h) |  | 6437443 |
| Voloridge Trading Aggressive Fund (a) (f) (g) (h) |  | 31272541 |
|  |  | 129198993 |
| Total Acquired Funds <br> (Cost $183,534,909) |  | 263087567 |
| **Preferred Stocks — 0.2%** |  |  |
| Draegerwerk AG & Co. KGaA, 3.24% (Germany) | 12562 | 931294 |
| Petroleo Brasileiro SA - Petrobras, 9.59% (Brazil) | 198200 | 1171567 |
| Total Preferred Stocks <br> (Cost $1,619,242) |  | 2102861 |

---

---

| | | |
|:---|:---|:---|
|  | **Number of<br> Contracts** | **Value** |
| **Purchased Option Contracts — 0.0%** |  |  |
| **Calls — 0.0%** |  |  |
| ADT, Inc., Notional Amount $288,000, Strike Price $10 Expiring 02/20/2026 (United States) | 288 | $6912 |
| Bill Holdings, Inc., Notional Amount $725,000, Strike Price $50 Expiring 01/16/2026 (United States) | 145 | 104400 |
| Centerra Gold, Inc., Notional Amount $1,274,100, Strike Price $15.5 Expiring 11/21/2025 (Canada) | 822 | 38392 |
| Confluent, Inc., Notional Amount $613,200, Strike Price $21 Expiring 01/16/2026 (United States) | 292 | 65116 |
| Global Payments, Inc., Notional Amount $2,180,000, Strike Price $100 Expiring 01/16/2026 (United States) | 218 | 44690 |
| iShares Silver Trust, Notional Amount $2,373,000, Strike Price $42 Expiring 10/17/2025 (United States) | 565 | 74015 |
| NCR Voyix Corp., Notional Amount $139,000, Strike Price $10 Expiring 10/17/2025 (United States) | 139 | 34750 |
| Norwegian Cruise Line Holdings Ltd., Notional Amount $746,200, Strike Price $26 Expiring 10/03/2025 (United States) | 287 | 1722 |
| ZoomInfo Technologies, Inc., Notional Amount $398,750, Strike Price $12.5 Expiring 12/19/2025 (United States) | 319 | 17545 |
| Total Calls <br> (Cost $275,095) |  | 387542 |

---

**TIFF MULTI-ASSET FUND / SCHEDULE OF INVESTMENTS (UNAUDITED)**

**September 30, 2025**

---

| | | |
|:---|:---|:---|
|  | **Number of<br> Contracts** | **Value** |
| **Puts — 0.0%** |  |  |
| Invesco QQQ Trust, Notional Amount $6,783,000, Strike Price $595 Expiring 10/01/2025 (United States) | 114 | $7410 |
| iShares S&P/TSX 60 Index ETF, Notional Amount $12,451,950, Strike Price $44.25 Expiring 10/17/2025 (Canada) | 2814 | 2022 |
| S&P 500 Index, Notional Amount $52,890,000, Strike Price $6,150 Expiring 10/17/2025 (United States) | 86 | 49020 |
| S&P 500 Index, Notional Amount $26,620,000, Strike Price $6,050 Expiring 10/17/2025 (United States) | 44 | 20240 |
| SPDR S&P 500 ETF Trust, Notional Amount $7,458,000, Strike Price $660 Expiring 10/17/2025 (United States) | 113 | 54805 |
| Total Puts <br> (Cost $743,725) |  | 133497 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Purchased Option Contracts <br> (Cost $1,018,820) |  | 521039 |

---

---

| | | |
|:---|:---|:---|
|  | **Principal <br> Amount** | **Value** |
| **Short-Term Investments — 12.3%** |  |  |
| **Repurchase Agreement — 11.1%** |  |  |
| Fixed Income Clearing Corp. issued on 09/30/2025 (proceeds at maturity $163,141,974) (collateralized by U.S. Treasury Note, due 03/31/2027 with a total par value of $169,295,600 and a total market value of 166,398,990), 1.260%, 10/01/2025 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Cost $163,136,264) | $163136264 | $163136264 |
| **Unaffiliated Investment Company — 1.2%** |  |  |
| State Street Navigator Securities Lending Government Money Market Portfolio, 4.180%, (j) (k) <br> (Cost $17,252,844) | 17252844 | 17252844 |
| Total Short-Term Investments <br> (Cost $180,389,108) |  | 180389108 |
| Total Investments — 106.7% <br> (Cost $1,298,508,847) |  | $1565388598 |
| Liabilities in Excess of Other Assets — (6.7)% |  | (98063876) |
| Net Assets — 100.0% |  | $1467324722 |
| **Securities Sold Short — (10.4)%** |  |  |

---

**TIFF MULTI-ASSET FUND / SCHEDULE OF INVESTMENTS (UNAUDITED)**

**September 30, 2025**

---

| | | |
|:---|:---|:---|
|  | **Number of<br> Shares** | **Value** |
| **Common Stocks — (10.4)%** |  |  |
| **U.S. Common Stocks — (9.8)%** |  |  |
| **Aerospace & Defense — (0.3)%** |  |  |
| AeroVironment, Inc. (a) | (10986) | $(3459381) |
| Astronics Corp. (a) | (1880) | (85747) |
| BWX Technologies, Inc. | (544) | (100297) |
| Cadre Holdings, Inc. | (1035) | (37788) |
| Ducommun, Inc. (a) | (1467) | (141023) |
| Karman Holdings, Inc. (a) | (650) | (46930) |
| National Presto Industries, Inc. | (22) | (2467) |
|  |  | (3873633) |
| **Air Freight & Logistics — (0.0)%** |  |  |
| GXO Logistics, Inc. (a) | (383) | (20257) |
| **Automobile Components — (0.2)%** |  |  |
| Dorman Products, Inc. (a) | (7129) | (1111269) |
| Patrick Industries, Inc. | (1150) | (118944) |
| Phinia, Inc. | (9570) | (550084) |
| QuantumScape Corp. (a) | (49000) | (603680) |
|  |  | (2383977) |
| **Automobiles — (0.0)%** |  |  |
| Thor Industries, Inc. | (4225) | (438090) |
| Winnebago Industries, Inc. | (787) | (26318) |
|  |  | (464408) |
| **Banks — (0.2)%** |  |  |
| Amalgamated Financial Corp. | (2848) | (77323) |
| City Holding Co. | (886) | (109749) |
| First Citizens BancShares, Inc., Class A | (367) | (656622) |
| First Financial Bankshares, Inc. | (3811) | (128240) |
| Firstsun Capital Bancorp (a) | (201) | (7797) |
| Flagstar Financial, Inc. | (24054) | (277823) |
| Glacier Bancorp, Inc. | (615) | (29932) |
| HarborOne Bancorp, Inc. | (450) | (6120) |
| Hingham Institution For Savings | (1127) | (297280) |
| Northpointe Bancshares, Inc. | (650) | (11102) |
| Park National Corp. | (2470) | (401449) |

---

------

**TIFF MULTI-ASSET FUND / SCHEDULE OF INVESTMENTS (UNAUDITED)**

**September 30, 2025**

---

| | | |
|:---|:---|:---|
|  | **Number of <br> Shares** | **Value** |
| Renasant Corp. | (6772) | $(249819) |
| Triumph Financial, Inc. (a) | (468) | (23419) |
|  |  | (2276675) |
| **Beverages — (0.1)%** |  |  |
| Brown-Forman Corp., Class B | (2569) | (69568) |
| Coca-Cola Consolidated, Inc. | (5399) | (632547) |
| Constellation Brands, Inc.,Class A | (6458) | (869699) |
| National Beverage Corp. (a) | (905) | (33413) |
| Vita Coco Co., Inc. (a) | (5379) | (228446) |
|  |  | (1833673) |
| **Biotechnology — (0.9)%** |  |  |
| Agios Pharmaceuticals, Inc. (a) | (3805) | (152733) |
| Arrowhead Pharmaceuticals, Inc. (a) | (2400) | (81072) |
| Cytokinetics, Inc. (a) | (14609) | (802911) |
| Day One Biopharmaceuticals, Inc. (a) | (4157) | (29307) |
| Disc Medicine, Inc. (a) | (2722) | (179870) |
| Exelixis, Inc. (a) | (56922) | (2350879) |
| Ionis Pharmaceuticals, Inc. (a) | (12675) | (829198) |
| Madrigal Pharmaceuticals, Inc. (a) | (2053) | (941629) |
| MannKind Corp. (a) | (19061) | (102357) |
| Moderna, Inc. (a) | (145725) | (3764077) |
| Neurocrine Biosciences, Inc. (a) | (2824) | (396433) |
| Nuvalent, Inc., Class A (a) | (2839) | (245517) |
| Protagonist Therapeutics, Inc. (a) | (2677) | (177833) |
| Revolution Medicines, Inc. (a) | (23004) | (1074287) |
| Roivant Sciences Ltd. (a) | (37165) | (562306) |
| Vaxcyte, Inc. (a) | (16407) | (590980) |
| Vera Therapeutics, Inc. (a) | (13101) | (380715) |
| Viking Therapeutics, Inc. (a) | (36038) | (947079) |
| Zymeworks, Inc. (a) | (6867) | (117288) |
|  |  | (13726471) |
| **Broadline Retail — (0.1)%** |  |  |
| Etsy, Inc. (a) | (3725) | (247303) |
| Ollie's Bargain Outlet Holdings, Inc. (a) | (13105) | (1682682) |
|  |  | (1929985) |
| **Building Products — (0.2)%** |  |  |
| AAON, Inc. | (13624) | (1273027) |
| Advanced Drainage Systems, Inc. | (8762) | (1215289) |
| American Woodmark Corp. (a) | (767) | (51205) |
| Builders FirstSource, Inc. (a) | (3610) | (437713) |
| Masterbrand, Inc. (a) | (5284) | (69590) |
| Resideo Technologies, Inc. (a) | (984) | (42489) |
|  |  | (3089313) |

---

------

**TIFF MULTI-ASSET FUND / SCHEDULE OF INVESTMENTS (UNAUDITED)**

**September 30, 2025**

---

| | | |
|:---|:---|:---|
|  | **Number of <br> Shares** | **Value** |
| **Capital Markets — (0.1)%** | | |
| Coinbase Global, Inc., Class A (a) | (1365) | $(460674) |
| Hamilton Lane, Inc., Class A | (918) | (123737) |
| Perella Weinberg Partners | (4349) | (92721) |
| StepStone Group, Inc., Class A | (39) | (2547) |
| TPG, Inc. | (9626) | (553014) |
|  |  | (1232693) |
| **Chemicals — (0.1)%** |  |  |
| Air Products & Chemicals, Inc. | (1470) | (400898) |
| Celanese Corp. | (6524) | (274530) |
| Chemours Co. | (13200) | (209088) |
| Minerals Technologies, Inc. | (216) | (13418) |
| Quaker Chemical Corp. | (46) | (6061) |
| Westlake Corp. | (3039) | (234185) |
|  |  | (1138180) |
| **Commercial Services & Supplies — (0.0)%** |  |  |
| Enviri Corp. (a) | (18436) | (233953) |
| HNI Corp. | (644) | (30171) |
| Interface, Inc. | (14086) | (407649) |
|  |  | (671773) |
| **Communications Equipment — (0.0)%** |  |  |
| Aviat Networks, Inc. (a) | (254) | (5824) |
| **Construction & Engineering — (0.4)%** |  |  |
| Argan, Inc. | (3326) | (898186) |
| Centuri Holdings, Inc. (a) | (479) | (10140) |
| Construction Partners, Inc., Class A (a) | (8745) | (1110615) |
| Everus Construction Group, Inc. (a) | (5546) | (475569) |
| IES Holdings, Inc. (a) | (2735) | (1087573) |
| Limbach Holdings, Inc. (a) | (1405) | (136454) |
| Sterling Infrastructure, Inc. (a) | (6489) | (2204184) |
| WillScot Holdings Corp. | (4943) | (104347) |
|  |  | (6027068) |
| **Consumer Finance — (0.0)%** |  |  |
| American Express Co. | (186) | (61782) |
| EZCORP, Inc., Class A (a) | (233) | (4436) |
|  |  | (66218) |
| **Consumer Staples Distribution & Retail — (0.0)%** |  |  |
| Albertsons Cos., Inc., Class A | (823) | (14411) |
| Guardian Pharmacy Services, Inc., Class A (a) | (462) | (12118) |

---

------

**TIFF MULTI-ASSET FUND / SCHEDULE OF INVESTMENTS (UNAUDITED)**

**September 30, 2025**

---

| | | |
|:---|:---|:---|
|  | **Number of <br> Shares** | **Value** |
| Ingles Markets, Inc., Class A | (82) | $(5704) |
| Maplebear, Inc. (a) | (3675) | (135093) |
| PriceSmart, Inc. | (86) | (10422) |
| Weis Markets, Inc. | (234) | (16818) |
|  |  | (194566) |
| **Containers & Packaging — (0.0)%** |  |  |
| International Paper Co. | (2343) | (108715) |
| Myers Industries, Inc. | (590) | (9995) |
| O-I Glass, Inc. (a) | (1790) | (23216) |
| Sealed Air Corp. | (11116) | (392951) |
| TriMas Corp. | (156) | (6028) |
|  |  | (540905) |
| **Distributors — (0.0)%** |  |  |
| Pool Corp. | (1549) | (480298) |
| **Diversified Consumer Services — (0.2)%** |  |  |
| Adtalem Global Education, Inc. (a) | (10744) | (1659411) |
| Coursera, Inc. (a) | (4572) | (53538) |
| Frontdoor, Inc. (a) | (14955) | (1006322) |
| KinderCare Learning Cos., Inc. (a) | (1351) | (8971) |
| Lincoln Educational Services Corp. (a) | (200) | (4700) |
| Mister Car Wash, Inc. (a) | (1235) | (6582) |
|  |  | (2739524) |
| **Diversified Telecommunication Services — (0.0)%** |  |  |
| Anterix, Inc. (a) | (1055) | (22651) |
| Bandwidth, Inc.,Class A (a) | (1166) | (19437) |
| Iridium Communications, Inc. | (17067) | (297990) |
|  |  | (340078) |
| **Electric Utilities — (0.2)%** |  |  |
| Oklo, Inc. (a) | (13304) | (1485126) |
| Otter Tail Corp. | (7139) | (585184) |
| Southern Co. | (963) | (91263) |
|  |  | (2161573) |
| **Electrical Equipment — (0.1)%** |  |  |
| American Superconductor Corp. (a) | (3385) | (201035) |
| NEXTracker, Inc., Class A (a) | (10269) | (759803) |
| Plug Power, Inc. (a) | (114078) | (265802) |
| Powell Industries, Inc. | (1407) | (428868) |
| Preformed Line Products Co. | (107) | (20988) |
| Sensata Technologies Holding PLC | (891) | (27220) |
|  |  | (1703716) |

---

------

**TIFF MULTI-ASSET FUND / SCHEDULE OF INVESTMENTS (UNAUDITED)**

**September 30, 2025**

---

| | | |
|:---|:---|:---|
|  | **Number of <br> Shares** | **Value** |
| **Electronic Equipment, Instruments & Components — (0.1)%** |  |  |
| Arlo Technologies, Inc. (a) | (48141) | $(815990) |
| Climb Global Solutions, Inc. | (63) | (8495) |
| Crane NXT Co. | (10112) | (678212) |
| Frequency Electronics, Inc. (a) | (1384) | (46931) |
| Littelfuse, Inc. | (1839) | (476319) |
| Mirion Technologies, Inc. (a) | (321) | (7467) |
| Vishay Precision Group, Inc. (a) | (469) | (15031) |
|  |  | (2048445) |
| **Energy Equipment & Services — (0.1)%** |  |  |
| Core Laboratories, Inc. | (11618) | (143598) |
| Flowco Holdings, Inc., Class A | (649) | (9638) |
| Helmerich & Payne, Inc. | (15976) | (352910) |
| NOV, Inc. | (2460) | (32595) |
| RPC, Inc. | (7737) | (36828) |
| Valaris Ltd. (a) | (8084) | (394257) |
|  |  | (969826) |
| **Entertainment — (0.1)%** |  |  |
| AMC Entertainment Holdings, Inc., Class A (a) | (50482) | (146398) |
| IMAX Corp. (a) | (596) | (19519) |
| Sphere Entertainment Co. (a) | (9035) | (561254) |
| Warner Bros Discovery, Inc. (a) | (28306) | (552816) |
| Warner Music Group Corp., Class A | (4140) | (141009) |
|  |  | (1420996) |
| **Financial Services — (0.3)%** |  |  |
| Block, Inc. (a) | (901) | (65115) |
| Cannae Holdings, Inc. | (2485) | (45500) |
| Cantaloupe, Inc. (a) | (736) | (7780) |
| Federal National Mortgage Association (a) | (76577) | (922753) |
| International Money Express, Inc. (a) | (328) | (4582) |
| M3-Brigade Acquisition V Corp., Class A (a) | (49550) | (522752) |
| Merchants Bancorp | (391) | (12434) |
| NMI Holdings, Inc. (a) | (2405) | (92208) |
| PennyMac Financial Services, Inc. | (3954) | (489822) |
| Radian Group, Inc. | (709) | (25680) |
| Rocket Cos., Inc.,Class A | (29330) | (568415) |
| Shift4 Payments, Inc., Class A (a) | (22607) | (1749782) |
| Western Union Co. | (9373) | (74890) |
| WEX, Inc. (a) | (626) | (98614) |
|  |  | (4680327) |
| **Food Products — (0.1)%** |  |  |
| Archer-Daniels-Midland Co. | (328) | (19595) |
| Fresh Del Monte Produce, Inc. | (235) | (8159) |

---

------

**TIFF MULTI-ASSET FUND / SCHEDULE OF INVESTMENTS (UNAUDITED)**

**September 30, 2025**

---

| | | |
|:---|:---|:---|
|  | **Number of <br> Shares** | **Value** |
| Hershey Co. | (349) | $(65280) |
| J&J Snack Foods Corp. | (8480) | (814843) |
| John B Sanfilippo & Son, Inc. | (38) | (2443) |
| Marzetti Co. | (192) | (33176) |
| Mission Produce, Inc. (a) | (19708) | (236890) |
| Seaboard Corp. | (2) | (7294) |
| Tootsie Roll Industries, Inc. | (3444) | (144373) |
| TreeHouse Foods, Inc. (a) | (2671) | (53981) |
| Utz Brands, Inc. | (3441) | (41808) |
| Westrock Coffee Co. (a) | (5890) | (28625) |
|  |  | (1456467) |
| **Ground Transportation — (0.4)%** |  |  |
| Avis Budget Group, Inc. (a) | (11696) | (1878085) |
| Heartland Express, Inc. | (14818) | (124175) |
| RXO, Inc. (a) | (17217) | (264798) |
| Saia, Inc. (a) | (6040) | (1808134) |
| Werner Enterprises, Inc. | (906) | (23846) |
| XPO, Inc. (a) | (9351) | (1208804) |
|  |  | (5307842) |
| **Health Care Equipment & Supplies — (0.1)%** |  |  |
| Baxter International, Inc. | (5218) | (118814) |
| CONMED Corp. | (1004) | (47218) |
| ICU Medical, Inc. (a) | (984) | (118041) |
| Lantheus Holdings, Inc. (a) | (10320) | (529313) |
| Masimo Corp. (a) | (566) | (83513) |
| OrthoPediatrics Corp. (a) | (512) | (9488) |
| STAAR Surgical Co. (a) | (1228) | (32996) |
| Teleflex, Inc. | (20) | (2447) |
|  |  | (941830) |
| **Health Care Providers & Services — (0.3)%** |  |  |
| Acadia Healthcare Co., Inc. (a) | (22838) | (565469) |
| AdaptHealth Corp. (a) | (1856) | (16611) |
| BrightSpring Health Services, Inc. (a) | (173) | (5114) |
| Cross Country Healthcare, Inc. (a) | (1724) | (24481) |
| DaVita, Inc. (a) | (119) | (15811) |
| Henry Schein, Inc. (a) | (226) | (15000) |
| Hims & Hers Health, Inc. (a) | (50348) | (2855738) |
| OPKO Health, Inc. (a) | (16564) | (25674) |
| Performant Healthcare, Inc. (a) | (3791) | (29304) |
| RadNet, Inc. (a) | (5818) | (443390) |
| Select Medical Holdings Corp. | (2971) | (38148) |
| Surgery Partners, Inc. (a) | (187) | (4047) |
| Universal Health Services, Inc.,Class B | (568) | (116122) |
|  |  | (4154909) |

---

------

**TIFF MULTI-ASSET FUND / SCHEDULE OF INVESTMENTS (UNAUDITED)**

**September 30, 2025**

---

| | | |
|:---|:---|:---|
|  | **Number of <br> Shares** | **Value** |
| **Health Care REITs — (0.0)%** |  |  |
| Diversified Healthcare Trust | (6661) | $(29375) |
| Medical Properties Trust, Inc. | (39651) | (201031) |
|  |  | (230406) |
| **Health Care Technology — (0.0)%** |  |  |
| Certara, Inc. (a) | (24754) | (302494) |
| HealthStream, Inc. | (354) | (9997) |
| Teladoc Health, Inc. (a) | (17965) | (138869) |
|  |  | (451360) |
| **Hotel & Resort REITs — (0.0)%** |  |  |
| Pebblebrook Hotel Trust | (16712) | (190350) |
| RLJ Lodging Trust | (2741) | (19735) |
| Summit Hotel Properties, Inc. | (12387) | (68005) |
| Sunstone Hotel Investors, Inc. | (1190) | (11150) |
|  |  | (289240) |
| **Hotels, Restaurants & Leisure — (0.8)%** |  |  |
| BJ's Restaurants, Inc. (a) | (3296) | (100627) |
| Brinker International, Inc. (a) | (5465) | (692306) |
| Carnival Corp. (a) | (6390) | (184735) |
| Cava Group, Inc. (a) | (2777) | (167759) |
| Cheesecake Factory, Inc. | (5335) | (291504) |
| Choice Hotels International, Inc. | (7639) | (816685) |
| Cracker Barrel Old Country Store, Inc. | (20992) | (924908) |
| Denny's Corp. (a) | (2823) | (15583) |
| First Watch Restaurant Group, Inc. (a) | (14119) | (220821) |
| Golden Entertainment, Inc. | (135) | (3183) |
| Hilton Grand Vacations, Inc. (a) | (10340) | (432315) |
| Hyatt Hotels Corp., Class A | (714) | (101338) |
| Norwegian Cruise Line Holdings Ltd. (a) | (1433) | (35295) |
| Penn Entertainment, Inc. (a) | (14926) | (287475) |
| Planet Fitness, Inc., Class A (a) | (365) | (37887) |
| Shake Shack, Inc., Class A (a) | (12292) | (1150654) |
| Starbucks Corp. | (24330) | (2058318) |
| Target Hospitality Corp. (a) | (314) | (2663) |
| United Parks & Resorts, Inc. (a) | (575) | (29728) |
| Vail Resorts, Inc. | (9716) | (1453222) |
| Wingstop, Inc. | (6296) | (1584577) |
| Wynn Resorts Ltd. | (4965) | (636861) |
|  |  | (11228444) |
| **Household Durables — (0.1)%** |  |  |
| Cricut, Inc., Class A | (5451) | (34287) |
| Leggett & Platt, Inc. | (10202) | (90594) |
| LGI Homes, Inc. (a) | (916) | (47366) |

---

------

**TIFF MULTI-ASSET FUND / SCHEDULE OF INVESTMENTS (UNAUDITED)**

**September 30, 2025**

---

| | | |
|:---|:---|:---|
|  | **Number of <br> Shares** | **Value** |
| SharkNinja, Inc. (a) | (1747) | $(180203) |
| Somnigroup International, Inc. | (1846) | (155673) |
| Sonos, Inc. (a) | (6908) | (109146) |
| TopBuild Corp. (a) | (338) | (132111) |
| Whirlpool Corp. | (13558) | (1065659) |
|  |  | (1815039) |
| **Household Products — (0.0)%** |  |  |
| Reynolds Consumer Products, Inc. | (1777) | (43483) |
| Spectrum Brands Holdings, Inc. | (4378) | (229976) |
|  |  | (273459) |
| **Independent Power & Renewable Electricity Producers — (0.1)%** |  |  |
| Clearway Energy, Inc., Class C | (544) | (15368) |
| Ormat Technologies, Inc. | (843) | (81139) |
| Vistra Corp. | (3179) | (622829) |
|  |  | (719336) |
| **Industrial REITs — (0.0)%** |  |  |
| Industrial Logistics Properties Trust | (4332) | (25256) |
| Lineage, Inc. | (4705) | (181801) |
| Plymouth Industrial REIT, Inc. | (1515) | (33830) |
|  |  | (240887) |
| **Insurance — (0.2)%** |  |  |
| Assurant, Inc. | (36) | (7798) |
| Baldwin Insurance Group, Inc. (a) | (5039) | (142150) |
| Donegal Group, Inc., Class A | (1143) | (22163) |
| Employers Holdings, Inc. | (97) | (4121) |
| Erie Indemnity Co., Class A | (195) | (62041) |
| Goosehead Insurance, Inc., Class A | (24057) | (1790322) |
| Hippo Holdings, Inc. (a) | (422) | (15260) |
| Investors Title Co. | (127) | (34014) |
| Kinsale Capital Group, Inc. | (482) | (204975) |
| Lemonade, Inc. (a) | (6469) | (346286) |
| Mercury General Corp. | (7872) | (667388) |
| Stewart Information Services Corp. | (214) | (15690) |
| TWFG, Inc. (a) | (121) | (3320) |
| Universal Insurance Holdings, Inc. | (78) | (2051) |
| White Mountains Insurance Group Ltd. | (1) | (1672) |
|  |  | (3319251) |
| **Interactive Media & Services — (0.0)%** |  |  |
| Cars.com, Inc. (a) | (248) | (3031) |
| IAC, Inc. (a) | (5832) | (198696) |
| Shutterstock, Inc. | (337) | (7026) |
| Snap, Inc., Class A (a) | (56612) | (436478) |

---

------

**TIFF MULTI-ASSET FUND / SCHEDULE OF INVESTMENTS (UNAUDITED)**

**September 30, 2025**

---

| | | |
|:---|:---|:---|
|  | **Number of <br> Shares** | **Value** |
| Vimeo, Inc. (a) | (1625) | $(12594) |
|  |  | (657825) |
| **IT Services — (0.3)%** |  |  |
| Backblaze, Inc.,Class A (a) | (3148) | (29213) |
| CoreWeave, Inc., Class A (a) | (12783) | (1749354) |
| DigitalOcean Holdings, Inc. (a) | (32562) | (1112318) |
| Fastly, Inc., Class A (a) | (4728) | (40424) |
| Globant SA (a) | (9834) | (564275) |
| Twilio, Inc., Class A (a) | (3001) | (300370) |
| Unisys Corp. (a) | (1753) | (6837) |
|  |  | (3802791) |
| **Leisure Products — (0.0)%** |  |  |
| Polaris, Inc. | (3799) | (220836) |
| YETI Holdings, Inc. (a) | (14186) | (470691) |
|  |  | (691527) |
| **Life Sciences Tools & Services — (0.3)%** |  |  |
| Bio-Rad Laboratories, Inc.,Class A (a) | (385) | (107950) |
| Bio-Techne Corp. | (304) | (16911) |
| Bruker Corp. | (15119) | (491216) |
| ICON PLC (a) | (628) | (109900) |
| Mesa Laboratories, Inc. | (586) | (39268) |
| Revvity, Inc. | (10143) | (889034) |
| Tempus AI, Inc. (a) | (27601) | (2227677) |
|  |  | (3881956) |
| **Machinery — (0.3)%** |  |  |
| AGCO Corp. | (567) | (60709) |
| Alamo Group, Inc. | (13) | (2482) |
| Atmus Filtration Technologies, Inc. | (3586) | (161693) |
| Blue Bird Corp. (a) | (26441) | (1521679) |
| Deere & Co. | (33) | (15090) |
| Esab Corp. | (569) | (63580) |
| Federal Signal Corp. | (392) | (46644) |
| Graham Corp. (a) | (3392) | (186221) |
| Helios Technologies, Inc. | (140) | (7298) |
| Hillenbrand, Inc. | (1463) | (39559) |
| Ingersoll Rand, Inc. | (1180) | (97492) |
| Kadant, Inc. | (2798) | (832629) |
| Lindsay Corp. | (1070) | (150399) |
| REV Group, Inc. | (15237) | (863481) |
| Stratasys Ltd. (a) | (5174) | (57949) |
| Symbotic, Inc. (a) | (2257) | (121652) |
| Timken Co. | (216) | (16239) |

---

------

**TIFF MULTI-ASSET FUND / SCHEDULE OF INVESTMENTS (UNAUDITED)**

**September 30, 2025**

---

| | | |
|:---|:---|:---|
|  | **Number of <br> Shares** | **Value** |
| Titan International, Inc. (a) | (1776) | $(13426) |
|  |  | (4258222) |
| **Marine Transportation — (0.0)%** |  |  |
| Genco Shipping & Trading Ltd. | (1141) | (20310) |
| Matson, Inc. | (500) | (49295) |
|  |  | (69605) |
| **Media — (0.4)%** |  |  |
| Altice USA, Inc., Class A (a) | (14070) | (33909) |
| EchoStar Corp., Class A (a) | (21448) | (1637769) |
| Gannett Co., Inc. (a) | (2384) | (9846) |
| Liberty Broadband Corp., Class C (a) | (8837) | (561503) |
| Scholastic Corp. | (1291) | (35347) |
| Trade Desk, Inc., Class A (a) | (75378) | (3694276) |
| WideOpenWest, Inc. (a) | (10073) | (51977) |
|  |  | (6024627) |
| **Metals & Mining — (0.2)%** |  |  |
| Cleveland-Cliffs, Inc. (a) | (35026) | (427317) |
| Coeur Mining, Inc. (a) | (59000) | (1106836) |
| Compass Minerals International, Inc. (a) | (27641) | (530707) |
| Dakota Gold Corp. (a) | (19642) | (89371) |
| MP Materials Corp. (a) | (2131) | (142926) |
| Warrior Met Coal, Inc. | (1668) | (106152) |
|  |  | (2403309) |
| **Multi-Utilities — (0.0)%** |  |  |
| Unitil Corp. | (64) | (3063) |
| **Office REITs — (0.1)%** |  |  |
| BXP, Inc. | (5096) | (378837) |
| Empire State Realty Trust, Inc., Class A | (2419) | (18529) |
| JBG SMITH Properties | (19572) | (435477) |
| Kilroy Realty Corp. | (327) | (13816) |
| Piedmont Realty Trust, Inc. | (4527) | (40743) |
| SL Green Realty Corp. | (554) | (33135) |
| Vornado Realty Trust | (15786) | (639806) |
|  |  | (1560343) |
| **Oil, Gas & Consumable Fuels — (0.2)%** |  |  |
| CNX Resources Corp. (a) | (512) | (16445) |
| Comstock Resources, Inc. (a) | (12910) | (256005) |
| Diamondback Energy, Inc. | (2520) | (360612) |
| Gulfport Energy Corp. (a) | (30) | (5429) |
| International Seaways, Inc. | (423) | (19492) |
| Murphy Oil Corp. | (19380) | (550586) |

---

------

**TIFF MULTI-ASSET FUND / SCHEDULE OF INVESTMENTS (UNAUDITED)**

**September 30, 2025**

---

| | | |
|:---|:---|:---|
|  | **Number of <br> Shares** | **Value** |
| Peabody Energy Corp. | (20935) | $(555196) |
| SandRidge Energy, Inc. | (943) | (10637) |
| Talos Energy, Inc. (a) | (4255) | (40806) |
| Texas Pacific Land Corp. | (985) | (919635) |
| VAALCO Energy, Inc. | (4623) | (18585) |
|  |  | (2753428) |
| **Passenger Airlines — (0.1)%** |  |  |
| American Airlines Group, Inc. (a) | (82621) | (928660) |
| **Personal Care Products — (0.3)%** |  |  |
| BellRing Brands, Inc. (a) | (13531) | (491852) |
| Coty, Inc., Class A (a) | (32472) | (131187) |
| Edgewell Personal Care Co. | (841) | (17123) |
| elf Beauty, Inc. (a) | (21748) | (2881175) |
| Honest Co., Inc. (a) | (8399) | (30908) |
| Nu Skin Enterprises, Inc.Class A | (3377) | (41165) |
| Upexi, Inc. (a) (f) | (114500) | (660665) |
|  |  | (4254075) |
| **Pharmaceuticals — (0.1)%** |  |  |
| Bausch Health Cos., Inc. (a) | (1871) | (12068) |
| Elanco Animal Health, Inc. (a) | (13306) | (267983) |
| Eton Pharmaceuticals, Inc. (a) | (93) | (2021) |
| Harrow, Inc. (a) | (11981) | (577244) |
| Organon & Co. | (12447) | (132934) |
| Prestige Consumer Healthcare, Inc. (a) | (1152) | (71885) |
|  |  | (1064135) |
| **Professional Services — (0.1)%** |  |  |
| Conduent, Inc. (a) | (8973) | (25124) |
| Fiverr International Ltd. (a) | (3848) | (93930) |
| ICF International, Inc. | (404) | (37491) |
| Legalzoom.com, Inc. (a) | (8434) | (87545) |
| Paycom Software, Inc. | (114) | (23728) |
| Upwork, Inc. (a) | (475) | (8821) |
| Willdan Group, Inc. (a) | (8488) | (820705) |
|  |  | (1097344) |
| **Real Estate Management & Development — (0.1)%** |  |  |
| eXp World Holdings, Inc. | (14687) | (156563) |
| Landbridge Co. LLCClass A | (12828) | (684374) |
|  |  | (840937) |
| **Residential REITs — (0.0)%** |  |  |
| Apartment Investment & Management Co., Class A | (1446) | (11467) |
| Elme Communities | (970) | (16354) |

---

------

**TIFF MULTI-ASSET FUND / SCHEDULE OF INVESTMENTS (UNAUDITED)**

**September 30, 2025**

---

| | | |
|:---|:---|:---|
|  | **Number of <br> Shares** | **Value** |
| Independence Realty Trust, Inc. | (896) | $(14685) |
| Veris Residential, Inc. | (379) | (5761) |
|  |  | (48267) |
| **Retail REITs — (0.0)%** |  |  |
| Acadia Realty Trust | (597) | (12030) |
| Alexander's, Inc. | (327) | (76678) |
|  |  | (88708) |
| **Semiconductors & Semiconductor Equipment — (0.3)%** |  |  |
| Alpha & Omega Semiconductor Ltd. (a) | (468) | (13085) |
| Axcelis Technologies, Inc. (a) | (33) | (3222) |
| CEVA, Inc. (a) | (413) | (10907) |
| Enphase Energy, Inc. (a) | (10721) | (379416) |
| Entegris, Inc. | (5080) | (469697) |
| First Solar, Inc. (a) | (3500) | (771855) |
| FormFactor, Inc. (a) | (380) | (13840) |
| Impinj, Inc. (a) | (2898) | (523814) |
| Kopin Corp. (a) | (14402) | (34997) |
| Lattice Semiconductor Corp. (a) | (10291) | (754536) |
| MACOM Technology Solutions Holdings, Inc. (a) | (122) | (15188) |
| SolarEdge Technologies, Inc. (a) | (36853) | (1363561) |
| Veeco Instruments, Inc. (a) | (626) | (19049) |
|  |  | (4373167) |
| **Software — (0.6)%** |  |  |
| American Bitcoin Corp.,Class A (a) | (62400) | (420576) |
| AppLovin Corp., Class A (a) | (1017) | (730755) |
| Asana, Inc., Class A (a) | (151179) | (2019751) |
| Bentley Systems, Inc., Class B | (1895) | (97555) |
| Bill Holdings, Inc. (a) | (9876) | (523132) |
| CCC Intelligent Solutions Holdings, Inc. (a) | (31915) | (290746) |
| Clear Secure, Inc., Class A | (7494) | (250150) |
| Daily Journal Corp. (a) | (132) | (61398) |
| Gen Digital, Inc. | (7288) | (206906) |
| Gitlab, Inc., Class A (a) | (2218) | (99987) |
| I3 Verticals, Inc., Class A (a) | (1031) | (33466) |
| Jamf Holding Corp. (a) | (1564) | (16735) |
| Klaviyo, Inc., Class A (a) | (101) | (2797) |
| nCino, Inc. (a) | (43839) | (1188475) |
| Procore Technologies, Inc. (a) | (4079) | (297441) |
| PROS Holdings, Inc. (a) | (2023) | (46347) |
| RingCentral, Inc., Class A (a) | (23426) | (663893) |
| SailPoint, Inc. (a) | (3647) | (80526) |
| Strategy, Inc. (a) | (868) | (279678) |
| Synopsys, Inc. (a) | (442) | (218078) |
| UiPath, Inc., Class A (a) | (12452) | (166608) |
| Unity Software, Inc. (a) | (17850) | (714714) |
|  |  | (8409714) |

---

------

**TIFF MULTI-ASSET FUND / SCHEDULE OF INVESTMENTS (UNAUDITED)**

**September 30, 2025**

---

| | | |
|:---|:---|:---|
|  | **Number of <br> Shares** | **Value** |
| **Specialized REITs — (0.0)%** |  |  |
| Farmland Partners, Inc. | (594) | $(6463) |
| National Storage Affiliates Trust | (7012) | (211903) |
| Smartstop Self Storage REIT, Inc. | (207) | (7791) |
|  |  | (226157) |
| **Specialty Retail — (0.3)%** |  |  |
| Academy Sports & Outdoors, Inc. | (42) | (2101) |
| American Eagle Outfitters, Inc. | (12120) | (207373) |
| Boot Barn Holdings, Inc. (a) | (5601) | (928198) |
| Build-A-Bear Workshop, Inc. | (485) | (31627) |
| Caleres, Inc. | (1365) | (17799) |
| Floor & Decor Holdings, Inc., Class A (a) | (19813) | (1460218) |
| Guess?, Inc. | (1847) | (30863) |
| Lands' End, Inc. (a) | (3087) | (43527) |
| Monro, Inc. | (26305) | (472701) |
| National Vision Holdings, Inc. (a) | (2076) | (60598) |
| RH (a) | (1443) | (293160) |
| Sally Beauty Holdings, Inc. (a) | (9954) | (162051) |
| Shoe Carnival, Inc. | (7772) | (161580) |
| Tractor Supply Co. | (302) | (17175) |
| Williams-Sonoma, Inc. | (1669) | (326206) |
| Zumiez, Inc. (a) | (1351) | (26493) |
|  |  | (4241670) |
| **Technology Hardware, Storage & Peripherals — (0.0)%** |  |  |
| Eastman Kodak Co. (a) | (1057) | (6775) |
| Super Micro Computer, Inc. (a) | (9959) | (477435) |
|  |  | (484210) |
| **Textiles, Apparel & Luxury Goods — (0.2)%** |  |  |
| Columbia Sportswear Co. | (158) | (8263) |
| Movado Group, Inc. | (584) | (11078) |
| NIKE, Inc., Class B | (23083) | (1609578) |
| PVH Corp. | (2603) | (218053) |
| Steven Madden Ltd. | (16591) | (555467) |
| Under Armour, Inc., Class A (a) | (58912) | (293971) |
| VF Corp. | (37392) | (539567) |
|  |  | (3235977) |
| **Trading Companies & Distributors — (0.1)%** |  |  |
| BlueLinx Holdings, Inc. (a) | (282) | (20609) |
| Core & Main, Inc., Class A (a) | (38) | (2046) |
| FTAI Aviation Ltd. | (962) | (160519) |
| Herc Holdings, Inc. | (53) | (6183) |
| NPK International, Inc. (a) | (242) | (2737) |
| QXO, Inc. (a) | (37286) | (710671) |

---

------

**TIFF MULTI-ASSET FUND / SCHEDULE OF INVESTMENTS (UNAUDITED)**

**September 30, 2025**

---

| | | |
|:---|:---|:---|
|  | **Number of <br> Shares** | **Value** |
| Rush Enterprises, Inc., Class A | (118) | $(6309) |
| Xometry, Inc., Class A (a) | (7484) | (407653) |
|  |  | (1316727) |
| **Water Utilities — (0.0)%** |  |  |
| WaterBridge Infrastructure LLC, Class A (a) | (919) | (23177) |
| Total U.S. Common Stocks<br> (Proceeds $(136714731)) |  | (143188493) |
| **Foreign Common Stocks — (0.6)%** |  |  |
| **Argentina — (0.0)%** |  |  |
| Central Puerto SA - SPADR (a) | (360) | (2884) |
| Cresud SACIF y A - SPADR (a) | (1042) | (9586) |
| Loma Negra Cia Industrial Argentina SA - SPADR (a) | (5049) | (37211) |
|  |  | (49681) |
| **Canada — (0.4)%** |  |  |
| 5N Plus, Inc. (a) | (28600) | (349562) |
| Aecon Group, Inc. | (11300) | (193408) |
| Alamos Gold, Inc.,Class A | (37700) | (1314096) |
| Algonquin Power & Utilities Corp. | (72300) | (388592) |
| Americas Gold & Silver Corp. (a) | (31640) | (117701) |
| Diversified Royalty Corp. | (22900) | (61376) |
| Global Atomic Corp. (a) | (138100) | (75416) |
| Gold Royalty Corp. (a) | (3350) | (12931) |
| Hammond Power Solutions, Inc. | (9000) | (798405) |
| i-80 Gold Corp. (a) | (1083900) | (1035846) |
| Keyera Corp. | (23400) | (785044) |
| KITS Eyecare Ltd. (a) | (18800) | (219381) |
| Saputo, Inc. | (11300) | (274441) |
| Teekay Tankers Ltd., Class A | (281) | (14205) |
| TerraVest Industries, Inc. | (6400) | (640598) |
| Victoria Gold Corp./Vancouver (a) (g) | (1261221) | (9062) |
|  |  | (6290064) |
| **China — (0.0)%** |  |  |
| Full Truck Alliance Co. Ltd. - ADR | (3455) | (44811) |
| HUYA, Inc. - ADR | (12668) | (42185) |
|  |  | (86996) |
| **France — (0.0)%** |  |  |
| Sequans Communications SA - ADR (a) | (10) | (95) |
| **Greece — (0.0)%** |  |  |
| Danaos Corp. | (2225) | (199827) |

---

------

**TIFF MULTI-ASSET FUND / SCHEDULE OF INVESTMENTS (UNAUDITED)**

**September 30, 2025**

---

| | | |
|:---|:---|:---|
|  | **Number of <br> Shares** | **Value** |
| **Hong Kong — (0.0)%** |  |  |
| Melco Resorts & Entertainment Ltd. - ADR (a) | (5117) | $(46923) |
| **India — (0.0)%** |  |  |
| MakeMyTrip Ltd. (a) | (4499) | (421106) |
| **Israel — (0.1)%** |  |  |
| Cellebrite DI Ltd. (a) | (733) | (13582) |
| Gilat Satellite Networks Ltd. (a) | (1275) | (16600) |
| Kornit Digital Ltd. (a) | (2566) | (34641) |
| Mobileye Global, Inc., Class A (a) | (20706) | (292369) |
| Teva Pharmaceutical Industries Ltd. - SPADR (a) | (5048) | (101970) |
|  |  | (459162) |
| **Netherlands — (0.0)%** |  |  |
| NXP Semiconductors NV | (1438) | (327476) |
| **Norway — (0.0)%** |  |  |
| FLEX LNG Ltd. (a) | (190) | (4788) |
| Opera Ltd. - ADR | (443) | (9144) |
| Seadrill Ltd. (a) | (2572) | (77700) |
|  |  | (91632) |
| **Singapore — (0.0)%** |  |  |
| Grindr, Inc. (a) | (3102) | (46592) |
| **South Africa — (0.0)%** |  |  |
| Caledonia Mining Corp. PLC | (1328) | (48087) |
| DRDGOLD Ltd. - SPADR | (854) | (23570) |
| Sibanye Stillwater Ltd. - ADR (a) | (9058) | (101812) |
|  |  | (173469) |
| **South Korea — (0.1)%** |  |  |
| Webtoon Entertainment, Inc. (a) | (23416) | (454504) |
| **Thailand — (0.0)%** |  |  |
| BKV Corp. (a) | (368) | (8512) |
| **United Kingdom — (0.0)%** |  |  |
| Endava PLC - SPADR (a) | (9880) | (89908) |
| Fidelis Insurance Holdings Ltd. | (787) | (14284) |
| Genius Sports Ltd. (a) | (2176) | (26939) |

---

------

**TIFF MULTI-ASSET FUND / SCHEDULE OF INVESTMENTS (UNAUDITED)**

**September 30, 2025**

---

| | | |
|:---|:---|:---|
|  | **Number of <br> Shares** | **Value** |
| Soho House & Co., Inc. (a) | (525) | $(4646) |
|  |  | (135777) |
| Total Foreign Common Stocks <br> (Proceeds $(10088628)) |  | (8791816) |
| Total Common Stocks<br> (Proceeds $146,803,359) |  | (151980309) |
| Total Securities Sold Short —(10.4)% <br> (Proceeds $146,803,359) |  | $(151980309) |

---

**Financial Futures Contracts**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Number of<br> Contracts** | **Expiration<br> Date** | **Type** | **Initial Notional<br> Value/ (Proceeds)** | **Notional Value at<br> September 30, 2025** | **Unrealized<br> Appreciation/<br> (Depreciation)** |
| |  | **Long Financial Futures Contracts** | **Long Financial Futures Contracts** | | |
|  |  | **Interest Rate-Related** |  |  |  |
| 573 | 12/19/2025 | U.S. Treasury Note 10 Year Futures | $64078499 | $64462500 | $384001 |
| 393 | 12/19/2025 | Ultra U.S. Treasury Note 10 Year Futures | 44600625 | 45225703 | 625078 |
|  |  |  |  |  | 1009079 |
|  |  | **Foreign Currency-Related** |  |  |  |
| 121 | 12/15/2025 | Australian Dollar Currency Futures | 7991622 | 8012620 | 20998 |
| 128 | 12/15/2025 | British Pound Currency Futures | 10816734 | 10760800 | (55934) |
| 55 | 12/16/2025 | Canadian Dollar Currency Futures | 3980044 | 3965500 | (14544) |
| 161 | 12/15/2025 | Euro Foreign Exchange Currency Futures | 23730052 | 23731400 | 1348 |
| 63 | 12/15/2025 | Swiss Franc Currency Futures | 10003332 | 9979988 | (23344) |
|  |  |  |  |  | (71476) |
|  |  | **Equity-Related** |  |  |  |
| 480 | 12/19/2025 | Eurex EURO STOXX 50 Index Futures | 30441168 | 31225991 | 784823 |
| 590 | 12/19/2025 | MSCI China Index Futures | 20688572 | 21299000 | 610428 |
| 347 | 12/19/2025 | MSCI Japan Index Futures | 36279343 | 35949200 | (330143) |
| 322 | 12/19/2025 | U.S. MSCI EAFE Index Futures | 44667940 | 44843330 | 175390 |
| 90 | 12/19/2025 | U.S. MSCI Emerging Markets Index Futures | 6079635 | 6118650 | 39015 |
|  |  |  |  |  | 1279513 |
|  |  | **Short Financial Futures Contracts** |  |  |  |
|  |  | **Foreign Currency-Related** |  |  |  |
| (45) | 12/15/2025 | Japanese Yen Currency Futures | (3859969) | (3832875) | 27094 |
|  |  | **Equity-Related** |  |  |  |
| (108) | 12/19/2025 | EURO STOXX 600 Index Futures | (3542519) | (3547159) | (4640) |
| (3) | 12/19/2025 | FTSE MIB Index Futures | (752831) | (748352) | 4479 |
| (3) | 12/30/2025 | HKG Hang Seng Index Futures | (512558) | (521110) | (8552) |
| (10) | 12/18/2025 | Montreal Exchange S&P/TSX 60 Index Futures | (2487814) | (2547676) | (59862) |
| (37) | 12/19/2025 | NASDAQ-100 Index Futures | (1802216) | (1842730) | (40514) |
| (109) | 12/19/2025 | Russell 2000 Value Index Futures | (13277281) | (13382475) | (105194) |
| (525) | 12/19/2025 | S&P 500 Index Futures | (174518803) | (176892188) | (2373385) |

---

------

**TIFF MULTI-ASSET FUND / SCHEDULE OF INVESTMENTS (UNAUDITED)**

**September 30, 2025**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Number of<br> Contracts** | **Expiration<br> Date** | **Type** | **Initial Notional<br> Value/ (Proceeds)** | **Notional Value at<br> September 30, 2025** | **Unrealized<br> Appreciation/<br> (Depreciation)** |
| (12) | 12/18/2025 | S&P ASX Share Price 200 Index Futures | $(1769419) | $(1761379) | $8040 |
|  |  |  |  |  | (2579628) |
|  |  |  |  |  | $(335418) |

---

**Forward Currency Contracts**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| | |  |  | **Contract Amount** | **Contract Amount** | |
| **Contract<br> Settlement Date** | **Counterparty** | **Receive** | **Receive** |  | **Deliver** | **Unrealized<br> Appreciation/<br> (Depreciation)** |
| 10/20/2025 | Morgan Stanley Capital Services, Inc. | USD | 41386822 | CAD | 57000000 | $433101 |

---

**Total Return Basket Swap Agreements**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Reference Entity** | **Counterparty** | **Maturity<br> Date** | **Notional<br> Amount** | **Net Unrealized<br> Appreciation<br> (Depreciation)** |
| **Contracts for Difference ("CFD")** |  |  |  |  |
| **Long Position Contracts** |  |  |  |  |
| Antofagasta PLC | Morgan Stanley Capital Services, Inc. | 8/4/2026 | $217129 | $64796 |
| Calb Ord H | Morgan Stanley Capital Services, Inc. | 10/6/2026 | 234759 | 132381 |
| Engie Ord | Morgan Stanley Capital Services, Inc. | 8/4/2026 | 1388727 | 39446 |
| Iberdrola Sa | Morgan Stanley Capital Services, Inc. | 8/4/2026 | 1674066 | 14216 |
| Jlmag Ord H | Morgan Stanley Capital Services, Inc. | 10/6/2026 | 574846 | (6346) |
| Kghm Polska Miedz Ord | Morgan Stanley Capital Services, Inc. | 2/2/2027 | 437237 | 111210 |
| Legrand Sa | Morgan Stanley Capital Services, Inc. | 8/4/2026 | 458394 | 42532 |
| Nexans Sa | Morgan Stanley Capital Services, Inc. | 8/4/2026 | 1071622 | (25363) |
| Nexgen Energy (canada) CDI | Morgan Stanley Capital Services, Inc. | 8/4/2026 | 219134 | 33542 |
| Peninsula Energy Ord | Morgan Stanley Capital Services, Inc. | 8/4/2026 | 189187 | 107093 |
| Rept Battero Ord H | Morgan Stanley Capital Services, Inc. | 10/6/2026 | 227507 | 59121 |
| Sse Ord | Morgan Stanley Capital Services, Inc. | 8/4/2026 | 1387119 | 82499 |
| Yellow Cake Ord | Morgan Stanley Capital Services, Inc. | 8/4/2026 | 1987513 | 205701 |
|  |  |  |  | 860828 |
| **Short Position Contracts** |  |  |  |  |
| Centrus Energy Corp. Class A | Morgan Stanley Capital Services, Inc. | 8/3/2026 | 431590 | (7160) |
| Edp Renovaveis Sa | Morgan Stanley Capital Services, Inc. | 8/4/2026 | 915001 | (116682) |
| LS Electric, Ltd. | Morgan Stanley Capital Services, Inc. | 9/3/2027 | 68911 | (25) |
| Mp Materials Cl A Ord | Morgan Stanley Capital Services, Inc. | 8/3/2026 | 502010 | 16356 |
| Nordex Ord | Morgan Stanley Capital Services, Inc. | 8/4/2026 | 944222 | (85059) |
| Nuscale Power Corp. Class A | Morgan Stanley Capital Services, Inc. | 8/3/2026 | 559174 | 58198 |
| Oklo Class A Ord | Morgan Stanley Capital Services, Inc. | 8/3/2026 | 437577 | 66630 |
| Sanil Electric Ord | Morgan Stanley Capital Services, Inc. | 9/3/2027 | 232953 | 4198 |
| Solaria Energia Y Medio Ambiente Ord | Morgan Stanley Capital Services, Inc. | 8/4/2026 | 224858 | 24959 |
|  |  |  |  | (38585) |
|  |  |  |  | $822243 |

---

------

**TIFF MULTI-ASSET FUND / SCHEDULE OF INVESTMENTS (UNAUDITED)**

**September 30, 2025**

**Over-the-Counter Swap contracts**

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Expiration<br> Date** | **Counterparty** | **Floating Rate** | **Reference Entity** | **Currency** | **Payment<br> Frequency<br> Paid/Received** | **Notional<br> Amount** | **Unrealized<br> Appreciation/<br> (Depreciation)** |
| ***Long Total Return Swap Contracts*** | ***Long Total Return Swap Contracts*** | ***Long Total Return Swap Contracts*** | ***Long Total Return Swap Contracts*** |  |  |  |  |
| 10/06/2026 | Goldman Sachs International | 0.400 %<sup>(l)</sup> | GSCBMI5N Index | USD | Quarterly | 9845520 | 148030 |

---

---

| | | |
|:---|:---|:---|
|  | **Number of<br> Contracts** | **Value** |
| **Written Option Contracts — (0.0)%** |  |  |
| **Calls — (0.0)%** |  |  |
| Astera Labs, Inc., Notional Amount $(735000), Strike Price $175 Expiring 10/17/2025 (United States) | (42) | $(94500) |
| Bill Holdings, Inc., Notional Amount $(942500), Strike Price $65 Expiring 01/16/2026 (United States) | (145) | (28855) |
| Confluent, Inc., Notional Amount $(817600), Strike Price $28 Expiring 01/16/2026 (United States) | (292) | (23360) |
| iShares Silver Trust, Notional Amount $(2599000), Strike Price $46 Expiring 10/17/2025 (United States) | (565) | (11865) |
| &nbsp;&nbsp;&nbsp;&nbsp;Total Calls<br> (Premiums received $122,719) |  | $(158580) |
| **Puts — (0.0)%** |  |  |
| Bill Holdings, Inc., Notional Amount $(471250), Strike Price $32.5 Expiring 01/16/2026 (United States) | (145) | (5800) |
| Confluent, Inc., Notional Amount $(379600), Strike Price $13 Expiring 01/16/2026 (United States) | (292) | (10220) |
| Invesco QQQ Trust, Notional Amount $(6726000), Strike Price $590 Expiring 10/01/2025 (United States) | (114) | (2964) |
| iShares S&P/TSX 60 Index ETF, Notional Amount $(12100200), Strike Price $43 Expiring 10/17/2025 (Canada) | (2814) | (20220) |
| NCR Voyix Corp., Notional Amount $(151000), Strike Price $10 Expiring 10/17/2025 (United States) | (151) | (755) |
| SPDR S&P 500 ETF Trust, Notional Amount $(7232000), Strike Price $640 Expiring 10/17/2025 (United States) | (113) | (20227) |
| ZoomInfo Technologies, Inc., Notional Amount $(288000), Strike Price $10 Expiring 10/17/2025 (United States) | (288) | (4320) |
| &nbsp;&nbsp;&nbsp;&nbsp;Total Puts<br> (Premiums received $147,603) |  | $(64506) |
| &nbsp;&nbsp;&nbsp;&nbsp;Total Written Options<br> (Premiums received $270,322) |  | $(223086) |

---

------

**TIFF MULTI-ASSET FUND / SCHEDULE OF INVESTMENTS (UNAUDITED)**

**September 30, 2025**

---

| | |
|:---|:---|
| ADR | American Depositary Receipt |
| ASX | Australian Securities Exchange |
| CAD | Canadian Dollar |
| CME | Chicago Mercantile Exchange |
| EAFE | Europe, Australasia, and Far East |
| ETF | Financial Times Stock Exchange |
| FTSE | Financial Times Stock Exchange |
| GDR | Global Depositary Receipt |
| LSE | London Stock Exchange |
| MSCI | Morgan Stanley Capital International |
| REIT | Real Estate Investment Trust |
| SPADR | Sponsored ADR |
| TSX | Toronto Stock Exchange |
| USD | US Dollar |

---

(a) Non income-producing security.

(b) Security or a portion thereof is pledged as collateral for securities sold short.

(c) Security or a portion thereof was held on loan. As of September 30, 2025, the aggregate
 market value of securities on loan was $25,260,035; the total market value of collateral held by the Fund was $26,179,298. The market
 value of the collateral held included non-cash collateral in the form of U.S. Treasury securities with a value of $8,926,454.

(d) Security exempt from registration under Rule 144A of the Securities Act of 1933. These
 securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. These securities are
 generally determined to be liquid in accordance with TAS's fair valuation procedures for TIP. At September 30, 2025 the aggregate
 value of these securities was $8,921,032, which represents 0.6% of net assets.

(e) Security exempt from registration under Regulation S of the Securities Act of 1933. These
 securities may be resold in transactions exempt from registration, normally to investors outside the United States.

(f) Security is valued in good faith under TAS's fair valuation procedures for TIP. The aggregate
 amount of securities fair valued amounts to $132,287,490, which represents 9.0% of the fund's net assets.

(g) Security in which significant unobservable inputs (Level 3) were used in determining fair value.

------

**TIFF MULTI-ASSET FUND / SCHEDULE OF INVESTMENTS (UNAUDITED)**

**September 30, 2025**

(h) Restricted Securities.
 The following restricted securities were held by the fund as of September 30, 2025, and were
 valued in accordance with the Valuation of Investments as described in Note 2. Such securities
 generally may be sold only in a privately negotiated transaction with a limited number of
 purchasers. The fund will bear any costs incurred in connection with the disposition of such
 securities. The fund monitors the acquisition of restricted securities and, to the extent
 that a restricted security is illiquid, will limit the purchase of such a restricted security,
 together with other illiquid securities held by the fund, to no more than 15% of the fund's
 net assets. All of the below securities are illiquid. The below list does not include securities
 eligible for resale without registration pursuant to Rule 144A under the Securities Act of
 1933 that may also be deemed restricted.

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Investment Strategy** | **Date of <br> Acquisition** | **Cost** | **Value** |
| **U.S. Common Stocks** |  |  |  |  |
| Swiftmerge Acquisition Corp. |  | 12/15/21 | $5 | $7266 |
|  |  |  |  | 7266 |
| **Foreign Common Stocks** |  |  |  |  |
| Somerset Energy Partners Corp. |  | 04/08/22 | 31072 | 32744 |
|  |  |  |  | 32744 |
| **Warrants** |  |  |  |  |
| Esports Technologies, Inc. |  | 11/18/21 |  | 1 |
|  |  |  |  | 1 |
| **Corporate Bonds** |  |  |  |  |
| Trillion Energy International, Inc. |  | 04/05/23 | 337084 | 211949 |
|  |  |  |  | 211949 |
| **Private Investment Funds** |  |  |  |  |
| Bellus Ventures II LP | California Carbon Allowances | 10/01/21-12/02/24 | 15701545 | 15847372 |
| Blackstone Diversified Trading Strategies Fund | Multi-Strategy & Credit Long/Short | 07/01/25 | 15000000 | 15242533 |
| Eversept Global Healthcare Fund LP | Long-Short Global Healthcare | 02/01/19 | 13581077 | 23667184 |
| Farallon Capital Institutional Partners LP | Multi-Strategy | 01/01/13 | 580749 | 515490 |
| Helikon Long Short Equity Fund ICAV | Long-Short European | 01/01/21 | 5370671 | 36216430 |
| Voloridge Fund LP | Directional | 01/01/23 | 5015363 | 6437443 |
| Voloridge Trading Aggressive Fund | Directional | 12/01/23-09/02/25 | 27000000 | 31272541 |
|  |  |  |  | 129198993 |
| Total (8.8% of Net Assets) |  |  |  | $**129450953** |

---

(i) Portfolio
 holdings information of the Private Investment Funds is not available as of September 30, 2025. These positions are therefore
 grouped into their own industry classification. For any private investment funds structured as a limited partnership, no share value
 is included as these investments are not unitized.

(j) Current yield as of
 September 30, 2025.

(k) Represents a security
 purchased with cash collateral received for securities on loan.

(l) The fund pays the floating
 rate.

---

| | |
|:---|:---|
| **TIFF MULTI-ASSET FUND<br> NOTES TO SCHEDULE OF INVESTMENTS<br> (UNAUDITED)** | **September 30, 2025** |

---

**1. Organization**

TIFF Investment Program ("TIP") is a no-load, open-end management investment company that seeks to improve the net investment returns of its shareholders. TIP was originally incorporated under Maryland law on December 23, 1993, and was reorganized, effective December 16, 2014, as a Delaware statutory trust. As of September 30, 2025, TIP consisted of one mutual fund, TIFF Multi-Asset Fund ("MAF" or the "fund") which is diversified, as defined in the Investment Company Act of 1940, as amended (the "1940 Act").

*Investment Objective* 

 

The fund's investment objective is to attain a growing stream of current income and appreciation of principal that at least offset inflation.

**2. Summary of Significant Accounting Policies**

The fund operates as a diversified investment company and, accordingly, follows the investment company accounting and reporting guidance of the Financial Accounting Standards Board ("FASB") Accounting Standards Codification Topic 946 Financial Services – Investment Companies.

The preparation of financial statements in conformity with US generally accepted accounting principles ("GAAP") requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the reported amounts of increases and decreases in net assets from operations during the reported period, and disclosure of contingent assets and liabilities at the date of the financial statements. Actual results could differ from these estimates.

*Valuation of Investments*

Fair value is defined as the price that the fund could reasonably expect to receive upon selling an asset or pay to transfer a liability in a timely transaction to an independent buyer in the principal or most advantageous market for the asset or liability, respectively. A three-tier fair value hierarchy is utilized to maximize the use of observable market data and minimize the use of unobservable inputs and to establish classification of fair value measurements for disclosure purposes. Inputs refer broadly to the assumptions that market participants would use in pricing the asset or liability, including assumptions about risk, for example, the risk inherent in a particular valuation technique used to measure fair value and/or the risk inherent in the inputs to the valuation technique. Inputs may be observable or unobservable. Observable inputs are inputs that reflect the assumptions market participants would use in pricing the asset or liability developed based on market data obtained from sources independent of the reporting entity. Unobservable inputs are inputs that reflect the reporting entity's own assumptions about the assumptions market participants would use in pricing the asset or liability developed based on the best information available in the circumstances. The three-tier fair value hierarchy of inputs is summarized in the three broad levels listed below.

Level 1 – quoted prices in active markets for identical assets and liabilities

Level 2 – other significant observable inputs (including quoted prices for similar assets and liabilities, interest rates, prepayment speeds, credit risk, etc.)

Level 3 – significant unobservable inputs (including the fund's own assumptions in determining

the fair value of assets and liabilities)

The fund has established a pricing hierarchy to determine the order of pricing sources utilized in valuing its portfolio holdings. The pricing hierarchy has been approved by the TIFF Advisory Services, LLC ("TAS") Valuation Committee.

Generally, the following valuation policies are applied to securities for which market quotations are readily available. Securities listed on a securities exchange or traded on the National Association of Securities Dealers Automated Quotations (''NASDAQ'') for which market quotations are readily available are valued at their last quoted sales price on the principal exchange on which they are traded or at the NASDAQ official closing price, respectively, on the valuation date or, if there is no such reported sale on the valuation date, at the most recently quoted bid price, or asked price in the case of securities sold short. The fund employs an international fair value pricing model using other observable market-based inputs to adjust prices to reflect events affecting the values of certain portfolio securities that occur between the close of trading on the principal market for such securities (foreign exchanges and OTC markets) and the time at which the net asset value of the fund is determined. If the TAS Valuation Committee believes that a particular event would materially affect net asset value, further adjustment is considered. Securities which use the international pricing model are typically categorized as Level 2 for the fair value hierarchy and securities that do not use the international pricing model are typically categorized as Level 1.

Debt securities are valued at prices that reflect broker/dealer-supplied valuations or are obtained from independent pricing services, which consider such factors as security prices, yields, maturities, and ratings, and are deemed representative of market values at the close of the market. Debt securities valuations are typically categorized as Level 2 for the fair value hierarchy.

Over-the-counter ("OTC") stocks not quoted on NASDAQ and foreign stocks that are traded OTC are normally valued at prices supplied by independent pricing services if those prices are deemed representative of market values at the close of the first session of the New York Stock Exchange and are typically categorized as Level 2 in the valuation hierarchy.

Short-term debt securities having a remaining maturity of 60 days or less are valued at amortized cost, which approximates fair value, and short-term debt securities having a remaining maturity of greater than 60 days are valued at their market value. Short-term debt securities, which include repurchase agreements and US Treasury Bills, are typically categorized as Level 2 in the fair value hierarchy.

Exchange-traded option contracts are valued at the last quoted sales price or, if there were no sales that day for a particular position, at the closing bid price (closing ask price in the case of open written option contracts). Future contracts are valued at the last posted settlement price or, if there were no sales that day for a particular position, at the closing bid price (closing ask price in the case of open short futures contracts). OTC open options contracts are normally valued at prices supplied by independent pricing services if those prices are deemed representative of market values at the close of the actively quoted markets. Exchange-traded contracts are typically categorized as Level 1 in the fair value hierarchy and OTC contracts are typically categorized as Level 2 in the fair value hierarchy.

Forward foreign currency contracts are valued at their respective fair market values and are typically categorized as Level 2 in the fair value hierarchy.

Investments in other open-end funds or trusts are valued at their closing net asset value per share on valuation date, which represents their redeemable value and are typically categorized as Level 1 in the fair value hierarchy.

Periodically, MAF invests in both total return equity index and total return basket swaps. The total return equity index swaps are valued at the last traded price of the reference entity net of interest and are typically categorized as Level 2 in the fair value hierarchy. The total return basket swaps are valued at the net value of the reference entity provided by the broker and are typically categorized as Level 2 in the fair value hierarchy.

MAF invests in private investment funds that pursue certain alternative investment strategies. Private investment fund interests held by MAF are generally securities for which market quotations are not readily available. Rather, such interests generally can be sold back to the private investment fund only at specified intervals or on specified dates. The board has approved valuation procedures pursuant to which MAF values its interests in private investment funds at ''fair value''. MAF determines the fair value of that private investment fund based on the most recent estimated value provided by the management of the private investment fund, as well as any other relevant information reasonably available at the time MAF values its portfolio including, for example, total returns of indices or exchange-traded funds that track markets to which the private investment fund may be exposed. The fair values of the private investment funds are based on available information and do not necessarily represent the amounts that might ultimately be realized, which depend on future circumstances and cannot be reasonably determined until the investment is actually liquidated. Fair value is intended to represent a good faith approximation of the amount that MAF could reasonably expect to receive from the private investment fund if MAF's interest in the private investment fund was sold at the time of valuation, based on information reasonably available at the time valuation is made and that MAF believes is reliable. Private investment fund valuations are categorized as Level 3 in the valuation hierarchy.

*Segment Reporting*

 

The Chief Financial Officer acts as the Fund's Chief Operating Decision Maker ("CODM') and is responsible for assessing performance and allocating resources with respect to the Fund. The CODM has concluded that the Fund operates as a single operating segment since the Fund has a single investment strategy as disclosed in its prospectus, against which the CODM assesses performance. The financial information provided to and reviewed by the CODM is presented within the Fund's financial statements.

**3. Investment Valuation and Fair Value Measurements**

The following is a summary of the inputs used as of September 30, 2025, in valuing the fund's assets and liabilities carried at fair value:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **TIFF Multi-Asset Fund** | | | | |
| **Valuation Inputs** | **Level 1** | **Level 2** | **Level 3** | **Total** |
| **Assets** | **Assets** | **Assets** | **Assets** | **Assets** |
| &nbsp;&nbsp;&nbsp;Common Stocks\*<sup>+</sup> | $957372314 | $117720484 | $532171 | $1075624969 |
| &nbsp;&nbsp;&nbsp;Rights | 352140 | 121116 |  | 473256 |
| &nbsp;&nbsp;&nbsp;Warrants | 723032 | 475891 | 89444 | 1288367 |
| &nbsp;&nbsp;&nbsp;Corporate Bonds |  |  | 211949 | 211949 |
| &nbsp;&nbsp;&nbsp;Convertible Bonds |  | 1410420 |  | 1410420 |
| &nbsp;&nbsp;&nbsp;U.S. Treasury Bonds/Notes |  | 40279062 |  | 40279062 |
| &nbsp;&nbsp;&nbsp;Exchange-Traded Funds and Mutual Funds | 133888574 |  |  | 133888574 |
| &nbsp;&nbsp;&nbsp;Private Investment Funds |  |  | 129198993 | 129198993 |
| &nbsp;&nbsp;&nbsp;Preferred Stocks\* |  | 2102861 |  | 2102861 |
| &nbsp;&nbsp;&nbsp;Purchased Options | 521039 |  |  | 521039 |
| &nbsp;&nbsp;&nbsp;Short-Term Investments |  | 163136264 |  | 163136264 |
| &nbsp;&nbsp;&nbsp;Unaffiliated Investment Company | 17252844 |  |  | 17252844 |
| **Total Investments in Securities** | **1110109943** | **325246098** | **130032557** | **1565388598** |
| &nbsp;&nbsp;&nbsp;Financial Futures Contracts - Interest Rate Risk | 1009079 |  |  | 1009079 |
| &nbsp;&nbsp;&nbsp;Financial Futures Contracts - Equity Risk | 1622175 |  |  | 1622175 |
| &nbsp;&nbsp;&nbsp;Financial Futures Contracts - Foreign Currency Risk | 49440 |  |  | 49440 |
| &nbsp;&nbsp;&nbsp;Forward Currency Contracts - Foreign Currency Risk |  | 433101 |  | 433101 |
| &nbsp;&nbsp;&nbsp;Total Return Equity Swap Contracts - Equity Risk |  | 148030 |  | 148030 |
| &nbsp;&nbsp;&nbsp;Total Return Swap Contracts (CFD) – Equity Risk |  | 1062878 |  | 1062878 |
| **Total Other Financial Instruments** | **2680694** | 1644009 | **—** | **4324703** |
| **Total Assets** | $**1112790637** | $**326890107** | $**130032557** | $**1569713301** |
| **Liabilities** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Common Stocks Sold Short | (151971247) |  | (9062) | (151980309) |
| &nbsp;&nbsp;&nbsp;Financial Futures Contracts - Equity Risk | (2922290) |  |  | (2922290) |
| &nbsp;&nbsp;&nbsp;Financial Futures Contracts - Foreign Currency Risk | (93822) |  |  | (93822) |
| &nbsp;&nbsp;&nbsp;Written Options - Equity Risk | (223086) |  |  | (223086) |
| &nbsp;&nbsp;&nbsp;Total Return Swap Contracts (CFD) – Equity Risk |  | (240635) |  | (240635) |
| **Total Other Financial Instruments** | **(3239198)** | **(240635)** | **—** | **(3479833)** |
| **Total Liabilities** | $**(155210445)** | $**(240635)** | $**(9062)** | $(155460142) |

---

\* Securities categorized as Level 2 primarily include listed foreign equities whose value has been adjusted with factors to reflect changes to foreign markets after market close. <br> + There are securities in this category that have a market value of zero and are categorized as Level 3.

The following is a reconciliation of investments in securities for which significant unobservable inputs (Level 3) were used in determining value:

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Investments in Securities** | **Balance as of<br> December 31,<br> 2024** | **Realized Gain<br> (Loss)** | **Change in<br> Unrealized<br> Appreciation<br> (Depreciation)** | **Purchases** | **Sales** | **Transfers in to <br> Level 3** | **Transfers out of <br> Level 3** | **Balance as of<br> September 30, 2025** | **Net Change in<br> Unrealized<br> Appreciation<br> (Depreciation)<br> from Investments still<br> held as of 9/30/25 for<br> the period ended<br> 9/30/25** |
| **Common Stocks\*** | $559875 | $(342938) | $(1036578) | $1351812 | $— | $— | $— | $532171 | $(1036578) |
| **Warrants** |  |  | 89287 | 157 |  |  |  | 89444 | 89287 |
| **Private Investment Funds** | 164571727 | 31962545 | (14712088) | 17000000 | (69623191) |  |  | 129198993 | 4430825 |
| **Preferred Stocks** | 57942 | (129998) | 72056 |  |  |  |  |  |  |
| **Corporate Bonds** | 315698 |  | (103749) |  |  |  |  | 211949 | (103749) |
| **Convertible Bonds** | 448445 | (319565) | (8880) |  | (120000) |  |  |  |  |
| **Common Stocks Sold Short** |  | (551742) | 1894492 |  | (1351812) |  |  | (9062) | 1894492 |
| **Total** | $165953687 | $30618302 | $(13805460) | $18351969 | $(71095003) | $— | $— | $130023495 | $5274277 |

---

\* There are securities categorized as Level 3 that have a market value of zero.

Securities designated as Level 3 in the fair value hierarchy are valued using TAS's fair valuation procedures for TIP. Management is responsible for the execution of these valuation procedures. Transfers to/from, or additions to, Level 3 require a determination of the valuation methodology, including the use of unobservable inputs, by the TAS Valuation Committee.

The TAS Valuation Committee meets no less than quarterly to review the methodologies and significant unobservable inputs currently in use, and to adjust the pricing models as necessary. Any adjustments to the pricing models are documented in the minutes of the TAS Valuation Committee meetings.

The following is a summary of the procedures and significant unobservable inputs used in Level 3 investments:

*Common Stocks, Warrants, Preferred Stocks, Convertible Bonds and Corporate Bonds.* Securities for which market quotations are not readily available or for which available prices are deemed unreliable are valued at their fair value as determined in good faith under TAS's fair valuation procedures for TIP. Such procedures use fundamental valuation methods, which may include, but are not limited to, an analysis of the effect of any restrictions on the resale of the security, industry analysis and trends, significant changes in the issuer's financial position, and any other event which could have a significant impact on the value of the security. On a quarterly basis, the TAS Valuation Committee reviews the valuations in light of current information available about the issuer, security, or market trends to adjust the pricing models, if deemed necessary.

*Private Investment Funds.* Private investment funds are valued at fair value using net asset values received on monthly statements, adjusted for the most recent estimated value or performance provided by the management of the private investment fund. In most cases, values are adjusted further by the total returns of indices or exchange-traded funds that track markets to which the private investment fund is fully or partially exposed, as determined by the TAS Valuation Committee upon review of information provided by the private investment fund. On a quarterly basis, the TAS Valuation Committee compares the valuations as determined by the pricing models at each month-end during the quarter to statements provided by management of the private investment funds in order to recalibrate the market exposures, the indices, or exchange-traded funds used in the pricing models as necessary.

The valuation techniques and significant unobservable inputs used in recurring Level 3 fair value measurements of assets were as follows:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **As of September 30, 2025** | **Fair Value** | **Valuation Methodology** | **Significant <br> Unobservable Inputs** | **Range** | **Weighted<br> Average\*** |
| Common Stocks | $490365 | Last market price | Discount(%) | 20%-100% | 83.81% |
|  | 32744 | Recent transaction price | Recent transaction price | $0.35 | $0.35 |
| Warrants | 89444 | Black- Scholes pricing model | Volatility | 55% | 55% |
| Private Investment Funds | 129198993 | Adjusted net asset value | Manager estimated returns | (2.67)% - 7.91% | 1.37% |
|  |  |  | Market returns\*\* | (0.09)% - 1.43% | 0.31% |
| Corporate bonds | 211949 | Recent transaction price | Recent transaction price | $65.00 | $65.00 |

---

\* Weighted by market value of investments as a percentage of the total market value of Level 3 investments within each valuation methodology.

\*\* Weighted by estimated exposure to chosen indices, exchange-traded funds, other marketable securities or other proxy.

The following are descriptions of the measurement uncertainty of the Level 3 recurring fair value measurements to changes in the significant unobservable inputs presented in the table above:

*Common Stocks, Preferred Stocks, Convertible Bonds and Corporate Bonds.* The chart above reflects the methodology and significant unobservable inputs of securities held at period ended September 30, 2025. The discounts or estimates for lack of marketability and estimate of future claims or comparable share ratio used to determine fair value may include other factors such as liquidity, volatility, or credit risk. An increase (decrease) in the discount or decrease (increase) estimate of future claims or dividends would result in a lower (higher) fair value measurement.

 

*Private Investment Funds.* The range of manager estimates and market returns reflected in the above chart identify the range of estimates and returns used in valuing the private investment funds at period ended September 30, 2025. A significant increase (decrease) in the estimates received from the manager of the private investment funds would result in a significantly higher (lower) fair value measurement. A significant increase (decrease) in the market return weighted by estimated exposures to chosen indices would result in a significantly higher (lower) fair value measurement.

The table below details the fund's ability to redeem from private investment funds that are classified as Level 3 assets. The private investment funds in this category generally impose a "lockup" or "gating" provision, which may restrict the timing, amount, or frequency of redemptions. All or a portion of the interests in these privately offered funds generally are deemed to be illiquid.

---

| | | | |
|:---|:---|:---|:---|
|  | **Fair Value** | &nbsp;&nbsp;&nbsp;**Redemption**<br> **Frequency** | **Redemption**<br> **Notice Period** |
| California Carbon Allowances (a) | $15847372 | quarterly | 90 days |
| Multi-Strategy (b) | 515490 | illiquid | &nbsp;&nbsp;&nbsp;&nbsp;N/A |
| Long-Short Global Healthcare (c) | 23667184 | quarterly | 45 days |
| Long-Short European (d) | 36216430 | monthly | 60 days |
| Directional (e) | 37709984 | monthly | 30 days |
| Multi-Strategy & Credit Long/Short (f) | 15242533 | monthly | 35 days |
| Total | $129198993 |  |  |

---

(a) This strategy is primarily comprised of investments in California
Carbon Allowances.

(b) This strategy is primarily comprised of capital allocated to
various strategies based on risk and return profiles. This strategy includes $515,490 of redemption residuals.

(c) This strategy is primarily comprised of long and short positions
in global healthcare securities.

(d) This strategy is primarily comprised of long and short positions
in small and mid-cap European equities.

(e) This strategy is primarily comprised of global futures, US equities,
ETFS, and ADRs selected using quantitative analysis to predict likely short-term price changes.

(f) This strategy is primarily comprised of multi-strategy and credit
long/short managers investing across macro and quantitative strategies.

**4. Derivative and Other Financial Instruments**

During the period ended September 30, 2025, the fund invested in derivatives, such as but not limited to futures, currency forwards, purchased and written options, total return basket swaps and total return equity swaps for hedging, liquidity, index exposure, and active management strategies. Derivatives are used for ''hedging'' when TAS or a money manager seeks to protect the fund's investments from a decline in value. Derivative strategies are also used when TAS or a money manager seeks to increase liquidity, implement a cash management strategy, invest in a particular stock, bond or segment of the market in a more efficient or less expensive way, modify the effective duration of the fund's portfolio investments and/or for purposes of total return. Depending on the purpose for which the derivative instruments are being used, the successful use of derivative instruments may depend on, among other factors, TAS's or the money manager's general understanding of how derivative instruments act in relation to referenced securities or markets as well as on market conditions, all of which are out of the control of TAS or the money manager.

*Financial Futures Contracts*

The fund may use futures contracts, generally in one of three ways: (1) to gain exposures, both long and short, to the total returns of broad equity indices, globally; (2) to gain exposures, both long and short, to the returns of non-dollar currencies relative to the US dollar; and (3) to manage the duration of the fund's fixed income holdings to targeted levels.

Futures contracts involve varying degrees of risk. Such risks include the imperfect correlation between the price of a derivative and that of the underlying security and the possibility of an illiquid secondary market for these securities. Futures contracts are valued at the settlement price established each day by the board of trade or exchange on which they are traded.

A financial futures contract is an agreement to purchase (long) or sell (short) an agreed amount of securities or other instrument at a set price for delivery at a future date. At the time a futures contract is purchased or sold, the fund must allocate cash or securities as a deposit payment (''initial margin''). An outstanding futures contract is valued daily, and the payment in cash of ''variation margin'' will be required, a process known as ''marking to the market''. Each day, the fund will be required to provide (or will be entitled to receive) variation margin in an amount equal to any decline (in the case of a long futures position) or increase (in the case of a short futures position) in the contract's value since the preceding day. The daily variation margin is recorded as a receivable or payable on the Statement of Assets and Liabilities. When the contracts are closed, a realized gain or loss is recorded as net realized gain (loss) from financial futures contracts in the Statement of Operations, equal to the difference between the opening and closing values of the contracts.

US futures contracts have been designed by exchanges that have been designated as ''contract markets'' by the Commodity Futures Trading Commission and such contracts must be executed through a futures commission merchant or brokerage firm that is a member of the relevant contract market. Futures contracts may trade on a number of exchange markets, and through their clearing corporations, the exchanges guarantee performance of the contracts as between the clearing members of the exchange, thereby reducing the risk of counterparty default. Periodically, securities can be designated as collateral for market value on futures contracts are noted in the Schedule of Investments.

*Swap Contracts*

The fund may use swaps and generally uses them in the following ways: (1) to gain exposures, both long and short, to the total returns of broad equity indices; (2) to gain exposure, both long and short, to the total returns of individual equities and bonds; and (3) to gain long-term exposures to the total returns of selected investment strategies. While swaps falling into the first and third categories are often held for multiple quarters, if not years, swaps in the second category can at times be held for shorter time periods or adjusted frequently based on the managers' evolving views of the expected risk/reward of the trade.

At the end of the period, the fund maintained one total return basket swap contract to obtain exposure to a portfolio of long and/or short securities.

Generally, swap agreements are contracts between a fund and another party (the swap counterparty) involving the exchange of payments on specified terms over periods ranging from a few days to multiple years. A swap agreement may be negotiated bilaterally and traded OTC between the two parties (for an uncleared swap) or, in some instances, must be transacted through a Futures Commission Merchant and cleared through a clearinghouse that serves as a central counterparty (for a cleared swap). In a basic swap transaction, the fund agrees with the swap counterparty to exchange the returns (or differentials in rates of return) and/or cash flows earned or realized on a particular ''notional amount'' or value of predetermined underlying reference instruments. The notional amount is the set dollar or other value selected by the parties to use as the basis on which to calculate the obligations that the parties to a swap agreement have agreed to exchange. The parties typically do not actually exchange the notional amount. Instead they agree to exchange the returns that would be earned or realized if the notional amount were invested in given investments or at given interest rates. Examples of returns that may be exchanged in a swap agreement are those of a particular security, a particular fixed or variable interest rate, a particular non-US currency, or a ''basket'' of securities representing a particular index or portfolio of securities and other instruments. Swaps can also be based on credit and other events.

A fund will generally enter into swap agreements on a net basis, which means that the two payment streams that are to be made by the fund and its counterparty with respect to a particular swap agreement are netted out, with the fund receiving or paying, as the case may be, only the net difference in the two payments. The fund's obligations (or rights) under a swap agreement that is entered into on a net basis will generally be the net amount to be paid or received under the agreement based on the relative values of the obligations of each party upon termination of the agreement or at set valuation dates. The fund will accrue its obligations under a swap agreement daily (offset by any amounts the counterparty owes the fund). If the swap agreement does not provide for that type of netting, the full amount of the fund's obligations will be accrued on a daily basis.

Cleared swaps are subject to mandatory central clearing. Central clearing is designed to reduce counterparty credit risk and increase liquidity compared to bilateral swaps because central clearing interposes the central clearinghouse as the counterparty to each participant's swap, but it does not eliminate those risks completely and may involve additional costs and risks not involved with uncleared swaps.

Upon entering into a swap agreement, the fund may be required to pledge to the swap counterparty an amount of cash and/or other assets equal to the total net amount (if any) that would be payable by the fund to the counterparty if the swap were terminated on the date in question, including any early termination payments. In certain circumstances, the fund may be required to pledge an additional amount, known as an independent amount, which is typically equal to a specified percentage of the notional amount of the trade. In some instances, the independent amount can be a significant percentage of the notional amount. Likewise, the counterparty may be required to pledge cash or other assets to cover its obligations to the fund, net of the independent amount, if any. However, the amount pledged may not always be equal to or more than the amount due to the other party. Therefore, if a counterparty defaults in its obligations to the fund, the amount pledged by the counterparty and available to the fund may not be sufficient to cover all the amounts due to the fund and the fund may sustain a loss. Other risks may apply if an independent amount has been posted.

The fund records a net receivable or payable for the amount expected to be received or paid in the period. Fluctuations in the value of swap contracts are recorded for financial statement purposes as unrealized appreciation (depreciation) on investments. The swap is valued at fair market value as determined by valuation models developed and approved in accordance with the fund's valuation procedures. In addition, the fund could be exposed to risk if the counterparties are unable to meet the terms of the contract or if the value of foreign currencies change unfavorably to the US dollar.

*Options*

The fund generally uses options to hedge a portion (but not all) of the downside risk in its long or short equity positions and also opportunistically to generate total returns. The fund may also engage in writing options, for example, to express a long view on a security. When writing a put option, the risk to the fund is equal to the notional value of the position.

Generally, an option is a contract that gives the purchaser of the option, in return for the premium paid, the right to buy a specified security, currency or other instrument (an ''underlying instrument'') from the writer of the option (in the case of a call option), or to sell a specified security, currency, or other instrument to the writer of the option (in the case of a put option) at a designated price during the term of the option or at the expiration date of the option. Put and call options that the fund purchases may be traded on a national securities exchange or in the OTC market. All option positions entered into on a national securities exchange are cleared and guaranteed by the Options Clearing Corporation, thereby reducing the risk of counterparty default. There can be no assurance that a liquid secondary market will exist for any option purchased.

As the buyer of a call option, the fund has a right to buy the underlying instrument (e.g., a security) at the exercise price at any time during the option period (for American style options) or at the expiration date (for European style options). The fund may enter into closing sale transactions with respect to call options, exercise them, or permit them to expire unexercised. As the buyer of a put option, the fund has the right to sell the underlying instrument at the exercise price at any time during the option period (for American style options) or at the expiration date (for European style options). Like a call option, the fund may enter into closing sale transactions with respect to put options, exercise them or permit them to expire unexercised. When buying options, the fund's potential loss is limited to the cost (premium plus transaction costs) of the option.

As the writer of a put option, the fund retains the risk of loss should the underlying instrument decline in value. If the value of the underlying instrument declines below the exercise price of the put option and the put option is exercised, the fund, as the writer of the put option, will be required to buy the instrument at the exercise price. The fund will incur a loss to the extent that the current market value of the underlying instrument is less than the exercise price of the put option net of the premium received by the fund for the sale of the put option. If a put option written by the fund expires unexercised, the fund will realize a gain in the amount of the premium received. As the writer of a put option, the fund may be required to pledge cash and/or other liquid assets at least equal to the value of the fund's obligation under the written put.

The fund may write ''covered'' call options, meaning that the fund owns the underlying instrument that is subject to the call, or has cash and/or liquid securities with a value at all times sufficient to cover its potential obligations under the option. When the fund writes a covered call option covered by the underlying instrument that is subject to the call, the underlying instruments that are held by the fund and are subject to the call option will be earmarked as segregated on the books of the fund or the fund's custodian. A fund will be unable to sell the underlying instruments that are subject to the written call option until it either effects a closing transaction with respect to the written call, or otherwise satisfies the conditions for release of the underlying instruments from segregation, for example, by segregating sufficient cash and/or liquid assets necessary to enable the fund to purchase the underlying instrument in the event the call option is exercised by the buyer.

When the fund writes an option, an amount equal to the premium received by the fund is included in the fund's Statement of Assets and Liabilities as a liability and subsequently marked to market to reflect the current value of the option written. These contracts may also involve market risk in excess of the amounts stated in the Statement of Assets and Liabilities. In addition, the fund could be exposed to risk if the counter-parties are unable to meet the terms of the contract or if the value of foreign currencies change unfavorably to the US dollar. The current market value of a written option is the last sale price on the market on which it is principally traded. If the written option expires unexercised, the fund realizes a gain in the amount of the premium received. If the fund enters into a closing transaction, it recognizes a gain or loss, depending on whether the cost of the purchase is less than or greater than the premium received.

*Forward Currency Contracts*

At times, the fund enters into forward currency contracts to manage the foreign currency exchange risk to which it is subject in the normal course of pursuing international investment objectives. The primary objective of such transactions is to protect (hedge) against a decrease in the US dollar equivalent value of its foreign securities or the payments thereon that may result from an adverse change in foreign currency exchange rates in advance of pending transaction settlements.

A forward currency contract is an agreement between two parties to buy or sell a specific currency for another at a set price on a future date, which is individually negotiated and privately traded by currency traders and their customers in the interbank market. The market value of a forward currency contract fluctuates with changes in forward currency exchange rates. Forward currency contracts are marked-to-market daily, and the change in value is recorded by the fund as an unrealized gain or loss. The fund may either exchange the currencies specified at the maturity of a forward contract or, prior to maturity, enter into a closing transaction involving the purchase or sale of an offsetting forward contract. Closing transactions with respect to forward contracts are usually performed with the counterparty to the original forward contract. The gain or loss arising from the difference between the US dollar cost of the original contract and the value of the foreign currency in US dollars upon closing a contract is included in net realized gain (loss) from forward currency contracts on the Statement of Operations. These contracts may involve market risk in excess of the unrealized gain or loss reflected in the fund's Statement of Assets and Liabilities. In addition, the fund could be exposed to risk if the counterparties are unable to meet the terms of the contracts or if the value of the currency changes unfavorably to the US dollar.

Forward currency contracts held by the fund are fully collateralized by other securities, as disclosed in the accompanying Schedule of Investments, when applicable. The collateral is evaluated daily to ensure its market value equals or exceeds the current market value of the corresponding forward currency contracts.

*Short Selling*

At times, the fund sells securities it does not own in anticipation of a decline in the market price of such securities or in order to hedge portfolio positions. The fund generally will borrow the security sold in order to make delivery to the buyer. Upon entering into a short position, the fund records the proceeds as a deposit with broker for securities sold short in its Statement of Assets and Liabilities and establishes an offsetting liability for the securities or foreign currencies sold under the short sale agreement. The fund is required to pledge cash or securities to the broker as collateral for the securities sold short. Collateral requirements are calculated daily based on the current market value of the short positions. Cash collateral deposited at the fund's custodian for the benefit of the broker is recorded as Deposits with broker for securities sold short on the Statements of Assets and Liabilities. Securities segregated as collateral are denoted on the Schedule of Investments. The liability is marked-to-market while it remains open to reflect the current settlement obligation. Until the security or currency is replaced, the fund is required to pay the lender any dividend or interest earned. Such payments are recorded as expenses to the fund. When a closing purchase is entered into by the fund, a gain or loss equal to the difference between the proceeds originally received and the purchase cost is recorded in the Statement of Operations.

In ''short selling,'' the fund sells borrowed securities or currencies which must at some date be repurchased and returned to the lender. If the market value of securities or currencies sold short increases, the fund may realize losses upon repurchase in amounts which may exceed the liability on the Statement of Assets and Liabilities. Further, in unusual circumstances, the fund may be unable to repurchase securities to close its short position except at prices significantly above those previously quoted in the market.

**Derivative Disclosure**

The following tables provide quantitative disclosure about fair value amounts of and gains and losses on the fund's derivative instruments grouped by contract type and primary risk exposure category as of September 30, 2025. These derivatives are not accounted for as hedging instruments.

The following table lists the fair values of the fund's derivative holdings as of September 30, 2025, grouped by contract type and risk exposure category:

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Derivative Type** | **Statement of Assets <br> and Liability and <br> Location** | **Foreign Currency Risk** | **Quarterly Average %\*** | **Equity Risk** | **Quarterly Average %\*** | **Interest Rate Risk** | **Quarterly Average %\*** | **Total** |
| **Asset Derivatives** | **Asset Derivatives** | **Asset Derivatives** | **Asset Derivatives** | **Asset Derivatives** | **Asset Derivatives** | **Asset Derivatives** | **Asset Derivatives** | **Asset Derivatives** |
| Purchased Options | Investments in securities, at value |  | —% | 114940200 | 6.06% |  | —% | 114940200 |
| Total Return Swap Contracts | Unrealized appreciation on swap contracts |  | —% | 148030 | 0.00% |  | —% | 148030 |
| Total Return Swap Agreements (CFD) | Unrealized appreciation on swap contracts |  | —% | 1062878 | 0.04% |  | —% | 1062878 |
| Forward Currency Contracts | Unrealized appreciation on forward currency contracts | 433101 | 0.03% |  | —% |  | —% | 433101 |
| Financial Futures Contracts | Due from broker for futures variation margin\*\* | 49440 | 0.02% | 1622175 | 0.19% | 1009079 | 0.09% | 2680694 |
| **Total Value - Assets** |  | **482541** |  | **117773283** |  | **1009079** |  | **119264903** |
| **Liability Derivatives** | **Liability Derivatives** | **Liability Derivatives** | **Liability Derivatives** | **Liability Derivatives** | **Liability Derivatives** | **Liability Derivatives** | **Liability Derivatives** | **Liability Derivatives** |
| Written Options | Written option, at value |  | —% | (32442150) | -4.07% |  | —% | (32442150) |
| Total Return Basket Swap Contracts | Unrealized depreciation on swap contracts |  | —% |  | —% |  | —% |  |
| Total Return Swap Agreements (CFD) | Unrealized depreciation on swap contracts |  | —% | (240635) | -0.02% |  | —% | (240635) |
| Forward Currency Contracts | Unrealized depreciation on forward currency contracts |  | —% |  | —% |  | —% |  |
| Financial Futures Contracts | Due to broker for futures variation margin\*\* | (93822) | -0.05% | (2922290) | -0.28% |  | -0.02% | (3016112) |
| **Total Value - Liabilities** |  | **(93822)** |  | **(35605075)** |  |  |  | **(35698897)** |

---

\* The Quarterly Average % is a representation of the volume of derivative activity. Quarterly Average % was calculated as follows: At each quarter end from and including December 31, 2024 to and including September 30, 2025, the absolute value of the applicable fair value amount was divided by net assets to derive a percentage of net assets for each quarter end. The Quarterly Average % amount represents the average of these four percentages.

\*\* Includes appreciation (depreciation) on the date the contracts are opened through September 30, 2025.

**5. Federal Tax Information**

The cost of investments, the aggregate gross unrealized appreciation/(depreciation), and the net unrealized appreciation/(depreciation) on investments at September 30, 2025, are as follows:

---

| | | | |
|:---|:---|:---|:---|
| **Gross<br> Unrealized<br> Appreciation** | **Gross Unrealized<br> Depreciation** | **Net Unrealized<br> Appreciation/ <br> (Depreciation)** | **Tax Cost of <br> Investments** |
| $327617379 | $(217227938) | $110389441 | $1376791937 |

---

The difference between the tax cost of investments and the cost of investments for GAAP purposes is primarily due to the tax treatment of wash sale losses, mark to market on derivatives, mark to market on passive foreign investment companies, partnerships, and tax adjustments related to holding offsetting positions such as constructive sales.

Dividends and distributions from net investment income and net realized capital gains are determined in accordance with federal income tax regulations, which may differ from GAAP. These "book/tax" differences are considered either temporary or permanent in nature. To the extent these differences are permanent in nature, such amounts are reclassified within the capital accounts based on their federal tax-basis treatment; temporary differences do not require reclassification.

The amount and character of tax-basis distributions and composition of net assets are finalized at fiscal year-end; accordingly, tax-basis balances have not been determined as of September 30, 2025.

**6. Repurchase and Reverse Repurchase Agreements**

The fund will engage in repurchase and reverse repurchase transactions under the terms of master repurchase agreements with parties approved by TAS or the relevant money manager.

In a repurchase agreement, the fund buys securities from a counterparty (e.g., typically a member bank of the Federal Reserve system or a securities firm that is a primary or reporting dealer in US Government securities) with the agreement that the counterparty will repurchase them at the same price plus interest at a later date. In certain instances, the fund may enter into repurchase agreements with one counterparty, but face another counterparty at settlement. Repurchase agreements may be characterized as loans secured by the underlying securities. Such transactions afford an opportunity for the fund to earn a return on available cash at minimal market risk, although the fund may be subject to various delays and risks of loss if the counterparty becomes subject to a proceeding under the US Bankruptcy Code or is otherwise unable to meet its obligation to repurchase the securities. In transactions that are considered to be collateralized fully, the securities underlying a repurchase agreement will be marked to market every business day so that the value of such securities is at least equal to the repurchase price thereof, including accrued interest.

In a reverse repurchase agreement, the fund sells US Government securities and simultaneously agrees to repurchase them at an agreed-upon price and date. The difference between the amount the fund receives for the securities and the additional amount it pays on repurchase is deemed to be a payment of interest. Reverse repurchase agreements create leverage, a speculative factor, but will not be considered borrowings for the purposes of limitations on borrowings. When a fund enters into a reverse repurchase agreement, it must segregate on its or its custodian's books cash and/or liquid securities in an amount equal to the amount of the fund's obligation (cost) to repurchase the securities, including accrued interest.

The following table presents the fund's repurchase agreements net of amounts available for offset and net of the related collateral received as of September 30, 2025:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Counterparty** | **Assets Subject<br> to a Netting<br> Provision or<br> Similar<br> Arrangement** | **Liabilities<br> Available for<br> Offset** | **Collateral<br> Received\*** | **Net Amount** |
| Fixed Income Clearing Corp. | $163136264 | $— | $(163136264) | $— |
| Total | $163136264 | $— | $(163136264) | $— |

---

\* Excess of collateral received from the individual counterparty may not be shown for financial reporting purposes.

Please see Note 4, Derivatives and Other Financial Instruments, for further discussion of netting provisions and similar arrangements.

**7. Concentration of Risks**

MAF may engage in transactions with counterparties, including but not limited to repurchase and reverse repurchase agreements, forward contracts, futures and options, and total return, credit default, interest rate, and currency swaps. The fund may be subject to various delays and risks of loss if the counterparty becomes insolvent or is otherwise unable to meet its obligations.

The fund engages multiple external money managers, each of which manages a portion of the fund's assets. A multi-manager fund entails the risk, among others, that the advisor may not be able to (1) identify and retain money managers who achieve superior investment returns relative to similar investments; (2) combine money managers in the fund such that their investment styles are complementary; or (3) allocate cash among the money managers to enhance returns and reduce volatility or risk of loss relative to a fund with a single manager.

The fund invests in private investment funds that entail liquidity risk to the extent they are difficult to sell or convert to cash quickly at favorable prices.

The fund invests in fixed income securities issued by banks and other financial companies, the market values of which may change in response to interest rate fluctuations. Although the fund generally maintains a diversified portfolio, the ability of the issuers of the fund's portfolio securities to meet their obligations may be affected by changing business and economic conditions in a specific industry, state, or region.

The fund invests in US Government securities. Because of the rising US Government debt burden, it is possible that the US Government may not be able to meet its financial obligations or that securities issued or backed by the US Government may experience credit downgrades. Such a credit event may adversely affect the financial markets.

The fund invests in securities of foreign issuers in various countries. These investments may involve certain considerations and risks not typically associated with investments in the US, a result of, among other factors, the possibility of future political and economic developments and the level of governmental supervision and regulation of securities markets in the respective countries.

The fund invests in small capitalization stocks. These investments may entail different risks than larger capitalizations stocks, including potentially lesser degrees of liquidity.

The fund may engage in short sales in which it sells a security it does not own. To complete such a transaction, the fund must borrow or otherwise obtain the security to make delivery to the buyer. The fund then is obligated to replace the borrowed security by purchasing the security at the market price at the time of replacement. The price at such time may be more or less than the price at which the security was sold by the fund. The fund's investment performance will suffer if a security that it has sold short appreciates in value.

**8. Subsequent Events**

Management has evaluated the possibility of subsequent events and has determined that there are no material events that would require disclosure.

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** TIFF INVESTMENT PROGRAM

- **b. Investment Company Act file number:** 811-08234

- **c. CIK number of Registrant:** 0000916622

- **d. LEI of Registrant:** 549300V46PV65WKNGG62

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

  - **Street Address 1:** 170 N. RADNOR CHESTER ROAD,

  - **City:** RADNOR

  - **State:** PA

  - **Foreign country:** US

  - **Zip / Postal Code:** 19087-5279

  - **Telephone number:** 610-684-8000

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

- **a. Name of Series:** TIFF Multi-Asset Fund

- **b. EDGAR series identifier (if any):** S000006387

- **c. LEI of Series:** 01PZ5A1XH5933KUUB187

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

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

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $1636221156.10

**Total Liabilities:** $175782776.75

**Net Assets:** $1460438379.35

**Delayed Delivery Securities:** $741769.58

**Cash Not Reported:** $67301358.15

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000017543 | -0.06%               | 3.24%                | 2.97%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $37828936.64             | $-30448655.05                              |
| Month 2  | $11973793.00             | $29125835.10                               |
| Month 3  | $32307888.69             | $9514256.19                                |

**Designated Index Information**

- **Index Name:** Securities Portfolio VaR

- **Index Identifier:** Designated Reference Portfolio is the Fund's Securities Portfolio

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Honeywell International Inc                          | Honeywell International Inc                                                 | CUSIP: 438516106<br>LEI: ISRPG12PN4EIEOEMW547 | Long             | EC               | CORP              | US        |      13630 | NS      | $2869115.00   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Bitcoin Treasury Corp                                | Bitcoin Treasury Corp                                                       | CUSIP: 09175U103<br>LEI: 894500NV0CWYM8VEDM38 | Long             | EC               | CORP              | CA        |      73700 | NS      | $390821.30    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Paladin Energy Ltd                                   | Paladin Energy Ltd                                                          | CUSIP: 000000000<br>LEI: 549300M44UTJAP8J6B37 | Long             | EC               | CORP              | AU        |     444182 | NS      | $2459613.83   | 0.17%             |  |  |  | No            |                  1 | On Loan: —       |
| Uranium Royalty Corp                                 | Uranium Royalty Corp                                                        | CUSIP: 91702V101<br>LEI: 5493005KEPCD7QSX6305 | Long             | EC               | CORP              | CA        |      30509 | NS      | $131188.70    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Warrior Met Coal Inc                                 | Warrior Met Coal Inc                                                        | CUSIP: 93627C101<br>LEI: 549300152B1S9YKBYV79 | Short            | EC               | CORP              | US        |      -1606 | NS      | $-102205.84   | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Disc Medicine Inc                                    | Disc Medicine Inc                                                           | CUSIP: 254604101<br>LEI: N/A                  | Short            | EC               | CORP              | US        |      -2608 | NS      | $-172336.64   | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| SANUWAVE Health Inc                                  | SANUWAVE Health Inc                                                         | CUSIP: 80303D305<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      11302 | NS      | $423598.96    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Dime Community Bancshares Inc                        | Dime Community Bancshares Inc                                               | CUSIP: 25432X102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       2232 | NS      | $66580.56     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Culico Metals Inc                                    | Culico Metals Inc                                                           | CUSIP: 22989Q101<br>LEI: 2549005B5ATUIJJB6L88 | Long             | EC               | CORP              | CA        |      58650 | NS      | $8217.83      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| OPENLANE Inc                                         | OPENLANE Inc                                                                | CUSIP: 48238T109<br>LEI: 5493004HKD20LBSG7D03 | Long             | EC               | CORP              | US        |       2922 | NS      | $84095.16     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Solidere                                             | Solidere                                                                    | CUSIP: 522386507<br>LEI: N/A                  | Long             | EC               | CORP              | LB        |      38451 | NS      | $490538.63    | 0.03%             |  |  |  | No            |                  3 | On Loan: No      |
| British American Tobacco PLC                         | British American Tobacco PLC                                                | CUSIP: 110448107<br>LEI: 213800FKA5MF17RJKT63 | Long             | EC               | CORP              | GB        |      18156 | NS      | $963720.48    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| AdvanSix Inc                                         | AdvanSix Inc                                                                | CUSIP: 00773T101<br>LEI: 5493009TPRODMCAZLF67 | Long             | EC               | CORP              | US        |       5923 | NS      | $114787.74    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| IVANHOE ELEC INC                                     | IVANHOE ELEC INC                                                            | CUSIP: 46578C116<br>LEI: N/A                  | N/A              | DE               |  | US        |      15775 | NS      | $89444.25     | 0.01%             |  |  |  | No            |                  3 | On Loan: No      |
| Mechanics Bancorp                                    | Mechanics Bancorp                                                           | CUSIP: 43785V102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      12185 | NS      | $162182.35    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Albertsons Cos Inc                                   | Albertsons Cos Inc                                                          | CUSIP: 013091103<br>LEI: 549300YKWOC0AOR16R51 | Short            | EC               | CORP              | US        |       -823 | NS      | $-14410.73    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| EQT Corp                                             | EQT Corp                                                                    | CUSIP: 26884L109<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | EC               | CORP              | US        |       1159 | NS      | $63084.37     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Acadia Realty Trust                                  | Acadia Realty Trust                                                         | CUSIP: 004239109<br>LEI: 254900C5XLB1YYJQSH07 | Short            | EC               |  | US        |       -115 | NS      | $-2317.25     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Charles River Laboratories International Inc         | Charles River Laboratories International Inc                                | CUSIP: 159864107<br>LEI: 549300BSQ0R4UZ5KX287 | Long             | EC               | CORP              | US        |        129 | NS      | $20183.34     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Pure Storage Inc                                     | Pure Storage Inc                                                            | CUSIP: 74624M102<br>LEI: 549300NPDB0BZTK3WO90 | Long             | EC               | CORP              | US        |       2858 | NS      | $239528.98    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Plug Power Inc                                       | Plug Power Inc                                                              | CUSIP: 72919P202<br>LEI: 549300JPDKRSJ8JSM954 | Short            | EC               | CORP              | US        |    -114078 | NS      | $-265801.74   | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| AGCO Corp                                            | AGCO Corp                                                                   | CUSIP: 001084102<br>LEI: LYOM0B2GCF1JWXK5ZG04 | Short            | EC               | CORP              | US        |       -451 | NS      | $-48288.57    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Gitlab Inc                                           | Gitlab Inc                                                                  | CUSIP: 37637K108<br>LEI: 9845004Y40FACG81ED49 | Short            | EC               | CORP              | US        |      -2302 | NS      | $-103774.16   | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| LVMH Moet Hennessy Louis Vuitton SE                  | LVMH Moet Hennessy Louis Vuitton SE                                         | CUSIP: 000000000<br>LEI: IOG4E947OATN0KJYSD45 | Long             | EC               | CORP              | FR        |       8891 | NS      | $5440261.75   | 0.37%             |  |  |  | No            |                  2 | On Loan: No      |
| Northpointe Bancshares Inc                           | Northpointe Bancshares Inc                                                  | CUSIP: 66661N886<br>LEI: 549300EYMKMD4WKEKP72 | Short            | EC               | CORP              | US        |       -650 | NS      | $-11102.00    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| ENCORE ENERGY CORP                                   | ENCORE ENERGY CORP                                                          | CUSIP: 000000000<br>LEI: 5299007FNX2NVNJM3O59 | N/A              | DE               |  | CA        |      49400 | NS      | $36828.36     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Shell PLC                                            | Shell PLC                                                                   | CUSIP: 780259305<br>LEI: 21380068P1DRHMJ8KU70 | Long             | EC               | CORP              | GB        |       7653 | NS      | $547419.09    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| International Tower Hill Mines Ltd                   | International Tower Hill Mines Ltd                                          | CUSIP: 46050R102<br>LEI: 529900QWPB33AJTGMU33 | Long             | EC               | CORP              | CA        |     376174 | NS      | $616925.36    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Cisco Systems Inc                                    | Cisco Systems Inc                                                           | CUSIP: 17275R102<br>LEI: 549300LKFJ962MZ46593 | Long             | EC               | CORP              | US        |      17060 | NS      | $1167245.20   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Compass Pathways Plc                                 | Compass Pathways Plc                                                        | CUSIP: 20451W101<br>LEI: 213800N7CUZIC6QSTZ31 | Long             | EC               | CORP              | GB        |      46757 | NS      | $267917.61    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Select Medical Holdings Corp                         | Select Medical Holdings Corp                                                | CUSIP: 81619Q105<br>LEI: N/A                  | Short            | EC               | CORP              | US        |      -2262 | NS      | $-29044.08    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| GH Research PLC                                      | GH Research PLC                                                             | CUSIP: 000000000<br>LEI: 875500HKJS7QQG6EWH62 | Long             | EC               | CORP              | IE        |      20777 | NS      | $297111.10    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Carpenter Technology Corp                            | Carpenter Technology Corp                                                   | CUSIP: 144285103<br>LEI: DX6I6ZD3X5WNNCDJKP85 | Long             | EC               | CORP              | US        |       1991 | NS      | $488870.14    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| BJ's Restaurants Inc                                 | BJ's Restaurants Inc                                                        | CUSIP: 09180C106<br>LEI: 5299000EOW66I1OJNQ23 | Short            | EC               | CORP              | US        |      -3296 | NS      | $-100626.88   | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Salesforce Inc                                       | Salesforce Inc                                                              | CUSIP: 79466L302<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | EC               | CORP              | US        |      12307 | NS      | $2916759.00   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Baldwin Insurance Group Inc/The                      | Baldwin Insurance Group Inc/The                                             | CUSIP: 05589G102<br>LEI: N/A                  | Short            | EC               | CORP              | US        |      -5260 | NS      | $-148384.60   | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Intuit Inc                                           | Intuit Inc                                                                  | CUSIP: 461202103<br>LEI: VI90HBPH7XSFMB9E4M29 | Long             | EC               | CORP              | US        |       6488 | NS      | $4430720.08   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| i-80 Gold Corp                                       | i-80 Gold Corp                                                              | CUSIP: 44955L106<br>LEI: 549300LFFIWIGUEXPK11 | Short            | EC               | CORP              | CA        |   -1083900 | NS      | $-1035846.09  | -0.07%            |  |  |  | No            |                  1 | On Loan: No      |
| Globalstar Inc                                       | Globalstar Inc                                                              | CUSIP: 378973507<br>LEI: 549300NEX8I0MSOW0R64 | Long             | EC               | CORP              | US        |      54327 | NS      | $1976959.53   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Bio-Rad Laboratories Inc                             | Bio-Rad Laboratories Inc                                                    | CUSIP: 090572207<br>LEI: 549300ZC1GPV35XYDK53 | Short            | EC               | CORP              | US        |       -385 | NS      | $-107950.15   | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| VF Corp                                              | VF Corp                                                                     | CUSIP: 918204108<br>LEI: CWAJJ9DJ5Z7P057HV541 | Short            | EC               | CORP              | US        |     -37392 | NS      | $-539566.56   | -0.04%            |  |  |  | No            |                  1 | On Loan: No      |
| Graham Corp                                          | Graham Corp                                                                 | CUSIP: 384556106<br>LEI: 254900EI9P4LTY524J77 | Short            | EC               | CORP              | US        |      -3392 | NS      | $-186220.80   | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Zebra Technologies Corp                              | Zebra Technologies Corp                                                     | CUSIP: 989207105<br>LEI: PO0I32GKZ3HZMMDPZZ08 | Long             | EC               | CORP              | US        |         58 | NS      | $17235.28     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Astera Labs Inc                                      | Astera Labs Inc                                                             | CUSIP: 04626A103<br>LEI: 529900LJL8TUEGF7HG20 | Long             | EC               | CORP              | US        |       7831 | NS      | $1533309.80   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Biotechnology ETF                            | iShares Biotechnology ETF                                                   | CUSIP: 464287556<br>LEI: 549300S7IVD88MPK0066 | Long             | EC               | RF                | US        |      55000 | NS      | $7940350.00   | 0.54%             |  |  |  | No            |                  1 | On Loan: —       |
| United Parcel Service Inc                            | United Parcel Service Inc                                                   | CUSIP: 911312106<br>LEI: D01LMJZU09ULLNCY6Z23 | Long             | EC               | CORP              | US        |        181 | NS      | $15118.93     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Dollar General Corp                                  | Dollar General Corp                                                         | CUSIP: 256677105<br>LEI: OPX52SQVOZI8IVSWYU66 | Long             | EC               | CORP              | US        |       2752 | NS      | $284419.20    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | ISHARES SILVER TRUST                                                        | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |        565 | NC      | $74015.00     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Diamondback Energy Inc                               | Diamondback Energy Inc                                                      | CUSIP: 25278X109<br>LEI: 549300R22LSX6OHWEN64 | Short            | EC               | CORP              | US        |      -2520 | NS      | $-360612.00   | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| Willdan Group Inc                                    | Willdan Group Inc                                                           | CUSIP: 96924N100<br>LEI: 529900YQO0LF5VAEKN05 | Short            | EC               | CORP              | US        |      -8886 | NS      | $-859187.34   | -0.06%            |  |  |  | No            |                  1 | On Loan: No      |
| Accenture PLC                                        | Accenture PLC                                                               | CUSIP: 000000000<br>LEI: 5493000EWHDSR3MZWH98 | Long             | EC               | CORP              | IE        |       5258 | NS      | $1296622.80   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Champion Homes Inc                                   | Champion Homes Inc                                                          | CUSIP: 830830105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       2248 | NS      | $171679.76    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| DENTSPLY SIRONA Inc                                  | DENTSPLY SIRONA Inc                                                         | CUSIP: 24906P109<br>LEI: 9NHEHR1SOZCYXDO8HO28 | Long             | EC               | CORP              | US        |      15747 | NS      | $199829.43    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| L'Oreal SA                                           | L'Oreal SA                                                                  | CUSIP: 000000000<br>LEI: 529900JI1GG6F7RKVI53 | Long             | EC               | CORP              | FR        |      20524 | NS      | $8893103.24   | 0.61%             |  |  |  | No            |                  2 | On Loan: No      |
| AMETEK Inc                                           | AMETEK Inc                                                                  | CUSIP: 031100100<br>LEI: 549300WZDEF9KKE40E98 | Long             | EC               | CORP              | US        |        874 | NS      | $164312.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| NMI Holdings Inc                                     | NMI Holdings Inc                                                            | CUSIP: 629209305<br>LEI: 529900KNNGFXJX1C3Z08 | Short            | EC               | CORP              | US        |      -2278 | NS      | $-87338.52    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Media Nusantara Citra Tbk PT                         | Media Nusantara Citra Tbk PT                                                | CUSIP: 000000000<br>LEI: 254900Y0ZF75CIA04X94 | Long             | EC               | CORP              | ID        |   18001800 | NS      | $324368.13    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Fidelity National Financial Inc                      | Fidelity National Financial Inc                                             | CUSIP: 31620R303<br>LEI: 549300CAZYIH39SYQ287 | Long             | EC               | CORP              | US        |      56332 | NS      | $3407522.68   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Weis Markets Inc                                     | Weis Markets Inc                                                            | CUSIP: 948849104<br>LEI: N/A                  | Short            | EC               | CORP              | US        |        -27 | NS      | $-1940.49     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Stifel Financial Corp                                | Stifel Financial Corp                                                       | CUSIP: 860630102<br>LEI: 549300E5F07FE5GHJX84 | Long             | EC               | CORP              | US        |        177 | NS      | $20084.19     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Brinker International Inc                            | Brinker International Inc                                                   | CUSIP: 109641100<br>LEI: 52990067JY6PBGJNTG76 | Short            | EC               | CORP              | US        |      -5510 | NS      | $-698006.80   | -0.05%            |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley & Co. LLC                             | NEXANS ORD                                                                  | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               |  | FR        |     918821 | OU      | $-17369.47    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Shift4 Payments Inc                                  | Shift4 Payments Inc                                                         | CUSIP: 82452J109<br>LEI: N/A                  | Short            | EC               | CORP              | US        |     -22607 | NS      | $-1749781.80  | -0.12%            |  |  |  | No            |                  1 | On Loan: No      |
| Wingstop Inc                                         | Wingstop Inc                                                                | CUSIP: 974155103<br>LEI: 549300SSH3F8HPIM3Q47 | Short            | EC               | CORP              | US        |      -6513 | NS      | $-1639191.84  | -0.11%            |  |  |  | No            |                  1 | On Loan: No      |
| General Motors Co                                    | General Motors Co                                                           | CUSIP: 37045V100<br>LEI: 54930070NSV60J38I987 | Long             | EC               | CORP              | US        |      35847 | NS      | $2185591.59   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Western Digital Corp                                 | Western Digital Corp                                                        | CUSIP: 958102105<br>LEI: 549300QQXOOYEF89IC56 | Long             | EC               | CORP              | US        |       5100 | NS      | $612306.00    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Sealed Air Corp                                      | Sealed Air Corp                                                             | CUSIP: 81211K100<br>LEI: Q0M0CZB4YN6JZ65WXI09 | Short            | EC               | CORP              | US        |     -11116 | NS      | $-392950.60   | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| Coinbase Global Inc                                  | Coinbase Global Inc                                                         | CUSIP: 19260Q107<br>LEI: 5493004G3J2SC154DU06 | Short            | EC               | CORP              | US        |      -1365 | NS      | $-460673.85   | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| Alnylam Pharmaceuticals Inc                          | Alnylam Pharmaceuticals Inc                                                 | CUSIP: 02043Q107<br>LEI: 529900S3ZI14OWRJII50 | Long             | EC               | CORP              | US        |       2257 | NS      | $1029192.00   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| DoubleVerify Holdings Inc                            | DoubleVerify Holdings Inc                                                   | CUSIP: 25862V105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       1655 | NS      | $19826.90     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Atmus Filtration Technologies Inc                    | Atmus Filtration Technologies Inc                                           | CUSIP: 04956D107<br>LEI: N/A                  | Short            | EC               | CORP              | US        |      -3586 | NS      | $-161692.74   | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Barrick Mining Corp                                  | Barrick Mining Corp                                                         | CUSIP: 06849F108<br>LEI: 0O4KBQCJZX82UKGCBV73 | Long             | EC               | CORP              | CA        |      58900 | NS      | $1934554.14   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Rogers Corp                                          | Rogers Corp                                                                 | CUSIP: 775133101<br>LEI: PW0CN80KNFR7RUOOKJ84 | Long             | EC               | CORP              | US        |       5808 | NS      | $467311.68    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| RLJ Lodging Trust                                    | RLJ Lodging Trust                                                           | CUSIP: 74965L101<br>LEI: N/A                  | Short            | EC               |  | US        |      -2741 | NS      | $-19735.20    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| NEXTracker Inc                                       | NEXTracker Inc                                                              | CUSIP: 65290E101<br>LEI: N/A                  | Short            | EC               | CORP              | US        |     -11179 | NS      | $-827134.21   | -0.06%            |  |  |  | No            |                  1 | On Loan: No      |
| Tamarack Valley Energy Ltd                           | Tamarack Valley Energy Ltd                                                  | CUSIP: 87505Y409<br>LEI: 549300TLKPX8BE14MH06 | Long             | EC               | CORP              | CA        |     212600 | NS      | $924214.99    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Amundi SA                                            | Amundi SA                                                                   | CUSIP: 000000000<br>LEI: 96950010FL2T1TJKR531 | Long             | EC               | CORP              | FR        |       8934 | NS      | $711513.53    | 0.05%             |  |  |  | Yes           |                  2 | On Loan: No      |
| BioNTech SE                                          | BioNTech SE                                                                 | CUSIP: 09075V102<br>LEI: 894500UZJ5LG1F8J1U58 | Long             | EC               | CORP              | DE        |      23738 | NS      | $2341041.56   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Teledyne Technologies Inc                            | Teledyne Technologies Inc                                                   | CUSIP: 879360105<br>LEI: 549300VSMO9KYQWDND94 | Long             | EC               | CORP              | US        |       3482 | NS      | $2040591.28   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Vistra Corp                                          | Vistra Corp                                                                 | CUSIP: 92840M102<br>LEI: 549300KP43CPCUJOOG15 | Long             | EC               | CORP              | US        |       2703 | NS      | $529571.76    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of East Asia Ltd/The                            | Bank of East Asia Ltd/The                                                   | CUSIP: 000000000<br>LEI: CO6GC26LCGGRTUESIP55 | Long             | EC               | CORP              | HK        |     117800 | NS      | $183388.15    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Esquire Financial Holdings Inc                       | Esquire Financial Holdings Inc                                              | CUSIP: 29667J101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |        677 | NS      | $69091.24     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Welltower Inc                                        | Welltower Inc                                                               | CUSIP: 95040Q104<br>LEI: 254900F33BIAR82QTA19 | Long             | EC               |  | US        |        101 | NS      | $17992.14     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| YETI Holdings Inc                                    | YETI Holdings Inc                                                           | CUSIP: 98585X104<br>LEI: 549300DSQICIGNT5GO63 | Short            | EC               | CORP              | US        |     -14186 | NS      | $-470691.48   | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| Pan Ocean Co Ltd                                     | Pan Ocean Co Ltd                                                            | CUSIP: 000000000<br>LEI: 988400HGOJIHDWPIAT45 | Long             | EC               | CORP              | KR        |     221746 | NS      | $609531.09    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Hamilton Lane Inc                                    | Hamilton Lane Inc                                                           | CUSIP: 407497106<br>LEI: 5493006OKN3V1NORM833 | Short            | EC               | CORP              | US        |       -918 | NS      | $-123737.22   | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury                               | U.S. Treasury Notes                                                         | CUSIP: 91282CFF3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   13699000 | PA      | $12736859.23  | 0.87%             | 2032-08-15      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| MSCI Inc                                             | MSCI Inc                                                                    | CUSIP: 55354G100<br>LEI: 549300HTIN2PD78UB763 | Long             | EC               | CORP              | US        |       1384 | NS      | $785295.44    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Chipotle Mexican Grill Inc                           | Chipotle Mexican Grill Inc                                                  | CUSIP: 169656105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       6619 | NS      | $259398.61    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Arq Inc                                              | Arq Inc                                                                     | CUSIP: 00770C101<br>LEI: 52990086HRJSW2EZQH40 | Long             | EC               | CORP              | US        |      31098 | NS      | $222661.68    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| EchoStar Corp                                        | EchoStar Corp                                                               | CUSIP: 278768106<br>LEI: 549300EE20907QZ9GT38 | Long             | EC               | CORP              | US        |      31154 | NS      | $2378919.44   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Progressive Corp/The                                 | Progressive Corp/The                                                        | CUSIP: 743315103<br>LEI: 529900TACNVLY9DCR586 | Long             | EC               | CORP              | US        |       7236 | NS      | $1786930.20   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Live Oak Bancshares Inc                              | Live Oak Bancshares Inc                                                     | CUSIP: 53803X105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      18227 | NS      | $641954.94    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Rio Tinto PLC                                        | Rio Tinto PLC                                                               | CUSIP: 767204100<br>LEI: 213800YOEO5OQ72G2R82 | Long             | EC               | CORP              | GB        |       3138 | NS      | $207139.38    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| The Montreal Exchange / Bourse De Montreal           | S+P/TSX 60 IX FUT DEC25                                                     | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | CA        |        -10 | NC      | $-59862.04    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Atlassian Corp                                       | Atlassian Corp                                                              | CUSIP: 049468101<br>LEI: 549300V7ZY5P02D2MY38 | Long             | EC               | CORP              | US        |       5396 | NS      | $861741.20    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| US Physical Therapy Inc                              | US Physical Therapy Inc                                                     | CUSIP: 90337L108<br>LEI: 529900KL1UXQYFIOMY96 | Short            | EC               | CORP              | US        |       -852 | NS      | $-72377.40    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Evercore Inc                                         | Evercore Inc                                                                | CUSIP: 29977A105<br>LEI: 529900P6KLPT95DW3W58 | Long             | EC               | CORP              | US        |       1650 | NS      | $556578.00    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Treace Medical Concepts Inc                          | Treace Medical Concepts Inc                                                 | CUSIP: 89455T109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      93490 | NS      | $627317.90    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Liberty Broadband Corp                               | Liberty Broadband Corp                                                      | CUSIP: 530307305<br>LEI: 549300MIX43II8JLN536 | Long             | EC               | CORP              | US        |        246 | NS      | $15630.84     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | GLOBAL PAYMENTS INC                                                         | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |        218 | NC      | $44690.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Okta Inc                                             | Okta Inc                                                                    | CUSIP: 679295105<br>LEI: 549300N8J06I8MRHU620 | Long             | EC               | CORP              | US        |       7331 | NS      | $672252.70    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Cadre Holdings Inc                                   | Cadre Holdings Inc                                                          | CUSIP: 12763L105<br>LEI: 2549006IKQEWJ8M7CB97 | Long             | EC               | CORP              | US        |      71718 | NS      | $2618424.18   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Core Laboratories Inc                                | Core Laboratories Inc                                                       | CUSIP: 21867A105<br>LEI: N/A                  | Short            | EC               | CORP              | US        |     -11618 | NS      | $-143598.48   | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Jackson Financial Inc                                | Jackson Financial Inc                                                       | CUSIP: 46817M107<br>LEI: 213800WXW2KG1N4CO374 | Long             | EC               | CORP              | US        |        545 | NS      | $55170.35     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Sigma Lithium Corp                                   | Sigma Lithium Corp                                                          | CUSIP: 826599102<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |      75943 | NS      | $486794.63    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Union Pacific Corp                                   | Union Pacific Corp                                                          | CUSIP: 907818108<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | EC               | CORP              | US        |        469 | NS      | $110857.53    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Toro Co/The                                          | Toro Co/The                                                                 | CUSIP: 891092108<br>LEI: YJKE4YIT6BWQHVEW0D14 | Long             | EC               | CORP              | US        |        936 | NS      | $71323.20     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| EnerSys                                              | EnerSys                                                                     | CUSIP: 29275Y102<br>LEI: 7ZS3DE5PN30BYUJFWP05 | Long             | EC               | CORP              | US        |        995 | NS      | $112395.20    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Johnson & Johnson                                    | Johnson & Johnson                                                           | CUSIP: 478160104<br>LEI: 549300G0CFPGEF6X2043 | Long             | EC               | CORP              | US        |      10726 | NS      | $1988814.92   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| First Resources Ltd                                  | First Resources Ltd                                                         | CUSIP: 000000000<br>LEI: 5493007RRD817HUP4O49 | Long             | EC               | CORP              | SG        |     658400 | NS      | $857631.40    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Westrock Coffee Co                                   | Westrock Coffee Co                                                          | CUSIP: 96145W103<br>LEI: N/A                  | Short            | EC               | CORP              | US        |      -5009 | NS      | $-24343.74    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Suzuken Co Ltd/Aichi Japan                           | Suzuken Co Ltd/Aichi Japan                                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |       6100 | NS      | $240027.31    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| AAON Inc                                             | AAON Inc                                                                    | CUSIP: 000360206<br>LEI: N/A                  | Short            | EC               | CORP              | US        |     -13624 | NS      | $-1273026.56  | -0.09%            |  |  |  | No            |                  1 | On Loan: No      |
| MEG Energy Corp                                      | MEG Energy Corp                                                             | CUSIP: 552704108<br>LEI: 5493002WXPTG5ZC1T326 | Long             | EC               | CORP              | CA        |      74041 | NS      | $1493907.65   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Cerence Inc                                          | Cerence Inc                                                                 | CUSIP: 156727109<br>LEI: 5493002WL2W5WMS89568 | Long             | EC               | CORP              | US        |        242 | NS      | $3015.32      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Metallus Inc                                         | Metallus Inc                                                                | CUSIP: 887399103<br>LEI: 549300QZTZWHDE9HJL14 | Long             | EC               | CORP              | US        |       1895 | NS      | $31324.35     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| RXO Inc                                              | RXO Inc                                                                     | CUSIP: 74982T103<br>LEI: 549300KL8CA6GP8XPM30 | Short            | EC               | CORP              | US        |     -16921 | NS      | $-260244.98   | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| NetApp Inc                                           | NetApp Inc                                                                  | CUSIP: 64110D104<br>LEI: QTX3D84DZDD5JYOCYH15 | Long             | EC               | CORP              | US        |        765 | NS      | $90621.90     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Excelerate Energy Inc                                | Excelerate Energy Inc                                                       | CUSIP: 30069T101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      11555 | NS      | $291070.45    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| FormFactor Inc                                       | FormFactor Inc                                                              | CUSIP: 346375108<br>LEI: 549300YCEEO6SZD1ZR61 | Short            | EC               | CORP              | US        |       -380 | NS      | $-13839.60    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| European Wax Center Inc                              | European Wax Center Inc                                                     | CUSIP: 29882P106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       2529 | NS      | $10090.71     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Close Brothers Group PLC                             | Close Brothers Group PLC                                                    | CUSIP: 000000000<br>LEI: 213800W73SYHR14I3X91 | Long             | EC               | CORP              | GB        |      45618 | NS      | $303914.72    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Tootsie Roll Industries Inc                          | Tootsie Roll Industries Inc                                                 | CUSIP: 890516107<br>LEI: 529900SBKOV9XX4M4Q35 | Short            | EC               | CORP              | US        |      -2938 | NS      | $-123160.96   | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Oklo Inc                                             | Oklo Inc                                                                    | CUSIP: 02156V109<br>LEI: N/A                  | Short            | EC               | CORP              | US        |     -13782 | NS      | $-1538484.66  | -0.11%            |  |  |  | No            |                  1 | On Loan: No      |
| Pan American Silver Corp                             | Pan American Silver Corp                                                    | CUSIP: 697900132<br>LEI: 549300MKTF5851TYIB83 | N/A              | DE               |  | CA        |     346146 | NS      | $121116.53    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Virtu Financial Inc                                  | Virtu Financial Inc                                                         | CUSIP: 928254101<br>LEI: 5493001OPW2K42CH3884 | Long             | EC               | CORP              | US        |        432 | NS      | $15336.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| UnitedHealth Group Inc                               | UnitedHealth Group Inc                                                      | CUSIP: 91324P102<br>LEI: 549300GHBMY8T5GXDE41 | Long             | EC               | CORP              | US        |       3044 | NS      | $1051093.20   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Exact Sciences Corp                                  | Exact Sciences Corp                                                         | CUSIP: 30063P105<br>LEI: 549300VM3X1FYD4N9Z14 | Long             | EC               | CORP              | US        |       6684 | NS      | $365681.64    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Industrial Logistics Properties Trust                | Industrial Logistics Properties Trust                                       | CUSIP: 456237106<br>LEI: 5493004XH9PJW009HR47 | Short            | EC               |  | US        |      -4332 | NS      | $-25255.56    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Fresh Del Monte Produce Inc                          | Fresh Del Monte Produce Inc                                                 | CUSIP: 000000000<br>LEI: 529900I72V9F0FEZR228 | Short            | EC               | CORP              | KY        |       -235 | NS      | $-8159.20     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury                               | U.S. Treasury Notes                                                         | CUSIP: 91282CHC8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   15891000 | PA      | $15267774.84  | 1.05%             | 2033-05-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| Aviat Networks Inc                                   | Aviat Networks Inc                                                          | CUSIP: 05366Y201<br>LEI: 549300Z3X8Z4MK52CI65 | Short            | EC               | CORP              | US        |       -254 | NS      | $-5824.22     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Goodyear Tire & Rubber Co/The                        | Goodyear Tire & Rubber Co/The                                               | CUSIP: 382550101<br>LEI: 5493002BI0S2ZQUY3437 | Long             | EC               | CORP              | US        |     192085 | NS      | $1436795.80   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| RBC Bearings Inc                                     | RBC Bearings Inc                                                            | CUSIP: 75524B104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       5887 | NS      | $2297637.23   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Hi Sun Technology China Ltd                          | Hi Sun Technology China Ltd                                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BM        |    4344000 | NS      | $295859.45    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Philip Morris International Inc                      | Philip Morris International Inc                                             | CUSIP: 718172109<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | EC               | CORP              | US        |      61355 | NS      | $9951781.00   | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Astarta Holding PLC                                  | Astarta Holding PLC                                                         | CUSIP: 000000000<br>LEI: 724500R38HLH2G58KQ51 | Long             | EC               | CORP              | CY        |      44444 | NS      | $539250.88    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Synaptics Inc                                        | Synaptics Inc                                                               | CUSIP: 87157D109<br>LEI: 549300AJ3LI4FWNRQX29 | Long             | EC               | CORP              | US        |        521 | NS      | $35605.14     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| HNI Corp                                             | HNI Corp                                                                    | CUSIP: 404251100<br>LEI: 549300SKRADLC4O5HV93 | Short            | EC               | CORP              | US        |       -537 | NS      | $-25158.45    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley & Co. LLC                             | OKLO CL A ORD                                                               | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               |  | US        |     437577 | OU      | $66630.26     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| IES Holdings Inc                                     | IES Holdings Inc                                                            | CUSIP: 44951W106<br>LEI: 549300687T8E6LN6EN72 | Short            | EC               | CORP              | US        |      -2758 | NS      | $-1096718.70  | -0.08%            |  |  |  | No            |                  1 | On Loan: No      |
| Oceaneering International Inc                        | Oceaneering International Inc                                               | CUSIP: 675232102<br>LEI: 549300L6PH74701W0R30 | Long             | EC               | CORP              | US        |      65187 | NS      | $1615333.86   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Karman Holdings Inc                                  | Karman Holdings Inc                                                         | CUSIP: 485924104<br>LEI: N/A                  | Short            | EC               | CORP              | US        |       -650 | NS      | $-46930.00    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Nemak SAB de CV                                      | Nemak SAB de CV                                                             | CUSIP: 000000000<br>LEI: 5493000MY3DAIB0BP706 | Long             | EC               | CORP              | MX        |    1791588 | NS      | $418707.33    | 0.03%             |  |  |  | Yes           |                  1 | On Loan: No      |
| IAMGOLD Corp                                         | IAMGOLD Corp                                                                | CUSIP: 450913108<br>LEI: 254900E7II30XAB9LA72 | Long             | EC               | CORP              | CA        |     103000 | NS      | $1330703.46   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Tecnoglass Inc                                       | Tecnoglass Inc                                                              | CUSIP: 000000000<br>LEI: 529900YRWTPOC2E6IO67 | Long             | EC               | CORP              | KY        |      11187 | NS      | $748522.17    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Uranium Energy Corp                                  | Uranium Energy Corp                                                         | CUSIP: 916896103<br>LEI: 549300VD69WD2USLIP04 | Long             | EC               | CORP              | US        |      45100 | NS      | $601634.00    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Mind Medicine MindMed Inc                            | Mind Medicine MindMed Inc                                                   | CUSIP: 60255C885<br>LEI: 549300QY8KN1O6RPFJ13 | Long             | EC               | CORP              | CA        |       3133 | NS      | $36938.07     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Ivanhoe Electric Inc / US                            | Ivanhoe Electric Inc / US                                                   | CUSIP: 46578C108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      26247 | NS      | $329399.85    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Algoma Steel Group Inc                               | Algoma Steel Group Inc                                                      | CUSIP: 015658107<br>LEI: 549300Q5EU337A1XCX27 | Long             | EC               | CORP              | CA        |       9873 | NS      | $35098.52     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Mayville Engineering Co Inc                          | Mayville Engineering Co Inc                                                 | CUSIP: 578605107<br>LEI: 9845008D43E42A7FC362 | Long             | EC               | CORP              | US        |      22891 | NS      | $314980.16    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Repligen Corp                                        | Repligen Corp                                                               | CUSIP: 759916109<br>LEI: 54930006QJ0T5AUO1E71 | Long             | EC               | CORP              | US        |       1644 | NS      | $219753.48    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Americas Gold & Silver Corp                          | Americas Gold & Silver Corp                                                 | CUSIP: 03062D803<br>LEI: 5493005AKGOT669Z4P51 | Short            | EC               | CORP              | CA        |     -31640 | NS      | $-117700.80   | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Enovix Corp                                          | Enovix Corp                                                                 | CUSIP: 293594107<br>LEI: 549300EC7NZGWORHYJ53 | Long             | EC               | CORP              | US        |      88134 | NS      | $878695.98    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Lemonade Inc                                         | Lemonade Inc                                                                | CUSIP: 52567D107<br>LEI: 5493009BKR06OXXU6853 | Short            | EC               | CORP              | US        |      -6469 | NS      | $-346285.57   | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| Ferroglobe PLC                                       | Ferroglobe PLC                                                              | CUSIP: 000000000<br>LEI: 2138005GCFJACFTZUD90 | Long             | EC               | CORP              | GB        |     123390 | NS      | $561424.50    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Coca-Cola Consolidated Inc                           | Coca-Cola Consolidated Inc                                                  | CUSIP: 191098102<br>LEI: 57VG5X0E00X0QJU7CQ58 | Long             | EC               | CORP              | US        |        137 | NS      | $16050.92     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Asana Inc                                            | Asana Inc                                                                   | CUSIP: 04342Y104<br>LEI: 254900X7UAJNMLPLZ510 | Short            | EC               | CORP              | US        |    -155537 | NS      | $-2077974.32  | -0.14%            |  |  |  | No            |                  1 | On Loan: No      |
| Draegerwerk AG & Co KGaA                             | Draegerwerk AG & Co KGaA                                                    | CUSIP: 000000000<br>LEI: 5493005UFVHY0PPNKD75 | Long             | EP               | CORP              | DE        |      12562 | NS      | $931294.29    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| GLOBALFOUNDRIES Inc                                  | GLOBALFOUNDRIES Inc                                                         | CUSIP: 000000000<br>LEI: 549300BA76VK784VMX48 | Long             | EC               | CORP              | KY        |        474 | NS      | $16988.16     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Valero Energy Corp                                   | Valero Energy Corp                                                          | CUSIP: 91913Y100<br>LEI: 549300XTO5VR8SKV1V74 | Long             | EC               | CORP              | US        |        745 | NS      | $126843.70    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Royal Gold Inc                                       | Royal Gold Inc                                                              | CUSIP: 780287108<br>LEI: 5493001NGRU6SFL04184 | Long             | EC               | CORP              | US        |       2249 | NS      | $451104.42    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Amphenol Corp                                        | Amphenol Corp                                                               | CUSIP: 032095101<br>LEI: 549300D3L3G0R4U4VT04 | Long             | EC               | CORP              | US        |      52666 | NS      | $6517417.50   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Northern Trust Corp                                  | Northern Trust Corp                                                         | CUSIP: 665859104<br>LEI: 549300GLF98S992BC502 | Long             | EC               | CORP              | US        |        892 | NS      | $120063.20    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| News Corp                                            | News Corp                                                                   | CUSIP: 65249B109<br>LEI: 549300ITS31QK8VRBQ14 | Long             | EC               | CORP              | US        |       3925 | NS      | $120536.75    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| FirstCash Holdings Inc                               | FirstCash Holdings Inc                                                      | CUSIP: 33768G107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |        368 | NS      | $58298.56     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Marathon Petroleum Corp                              | Marathon Petroleum Corp                                                     | CUSIP: 56585A102<br>LEI: 3BNYRYQHD39K4LCKQF12 | Long             | EC               | CORP              | US        |        698 | NS      | $134532.52    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Honest Co Inc/The                                    | Honest Co Inc/The                                                           | CUSIP: 438333106<br>LEI: N/A                  | Short            | EC               | CORP              | US        |      -8399 | NS      | $-30908.32    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Ashland Inc                                          | Ashland Inc                                                                 | CUSIP: 044186104<br>LEI: 529900E4L9R04SB8HB11 | Long             | EC               | CORP              | US        |       2912 | NS      | $139513.92    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| ManpowerGroup Inc                                    | ManpowerGroup Inc                                                           | CUSIP: 56418H100<br>LEI: ERO1WSFOSR0JJ6CRQ987 | Long             | EC               | CORP              | US        |       3357 | NS      | $127230.30    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Cleveland-Cliffs Inc                                 | Cleveland-Cliffs Inc                                                        | CUSIP: 185899101<br>LEI: 549300TM2WLI2BJMDD86 | Short            | EC               | CORP              | US        |     -35026 | NS      | $-427317.20   | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| FARALLON CAPITAL INST PARTNERS                       | FARALLON CAPITAL INST PARTNERS L P                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | PF                | US        |        336 | NS      | $515489.74    | 0.04%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Loma Negra Cia Industrial Argentina SA               | Loma Negra Cia Industrial Argentina SA                                      | CUSIP: 54150E104<br>LEI: 529900VKOQQJ8U9DDK92 | Short            | EC               | CORP              | AR        |      -5049 | NS      | $-37211.13    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Hilton Worldwide Holdings Inc                        | Hilton Worldwide Holdings Inc                                               | CUSIP: 43300A203<br>LEI: 549300HVGPK36ICB0B89 | Long             | EC               | CORP              | US        |       2479 | NS      | $643151.76    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Northeast Bank                                       | Northeast Bank                                                              | CUSIP: 66405S100<br>LEI: 549300F0LV9TSW34E306 | Long             | EC               | CORP              | US        |        720 | NS      | $72115.20     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Vistra Corp                                          | Vistra Corp                                                                 | CUSIP: 92840M102<br>LEI: 549300KP43CPCUJOOG15 | Short            | EC               | CORP              | US        |      -3179 | NS      | $-622829.68   | -0.04%            |  |  |  | No            |                  1 | On Loan: No      |
| Powell Industries Inc                                | Powell Industries Inc                                                       | CUSIP: 739128106<br>LEI: 549300V08RO7MX2UBN26 | Short            | EC               | CORP              | US        |      -1407 | NS      | $-428867.67   | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| Etalon Group PLC                                     | Etalon Group PLC                                                            | CUSIP: 29760G103<br>LEI: 213800U2O9SKHOYSDY32 | Long             | EC               | CORP              | CY        |     599848 | NS      | $0.00         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Guangshen Railway Co Ltd                             | Guangshen Railway Co Ltd                                                    | CUSIP: 000000000<br>LEI: 529900YIR2NSEPF1UU41 | Long             | EC               | CORP              | CN        |    2272000 | NS      | $730503.49    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Deterra Royalties Ltd                                | Deterra Royalties Ltd                                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | AU        |     184702 | NS      | $487662.32    | 0.03%             |  |  |  | No            |                  1 | On Loan: —       |
| JBG SMITH Properties                                 | JBG SMITH Properties                                                        | CUSIP: 46590V100<br>LEI: N/A                  | Short            | EC               |  | US        |     -19572 | NS      | $-435477.00   | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| DR Horton Inc                                        | DR Horton Inc                                                               | CUSIP: 23331A109<br>LEI: 529900ZIUEYVSB8QDD25 | Long             | EC               | CORP              | US        |        507 | NS      | $85921.29     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Westlake Corp                                        | Westlake Corp                                                               | CUSIP: 960413102<br>LEI: GOXNEVUM0LL78B1OS344 | Short            | EC               | CORP              | US        |      -3242 | NS      | $-249828.52   | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| Kinsale Capital Group Inc                            | Kinsale Capital Group Inc                                                   | CUSIP: 49714P108<br>LEI: 529900QTUQHNZ6HOA508 | Short            | EC               | CORP              | US        |       -516 | NS      | $-219434.16   | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| MarketAxess Holdings Inc                             | MarketAxess Holdings Inc                                                    | CUSIP: 57060D108<br>LEI: 5493002U1CA1XJOVID83 | Long             | EC               | CORP              | US        |        134 | NS      | $23349.50     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Ormat Technologies Inc                               | Ormat Technologies Inc                                                      | CUSIP: 686688102<br>LEI: 5493000TSHHWY24VHM09 | Short            | EC               | CORP              | US        |       -843 | NS      | $-81138.75    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Hillenbrand Inc                                      | Hillenbrand Inc                                                             | CUSIP: 431571108<br>LEI: U246OE781574J2BUD366 | Short            | EC               | CORP              | US        |      -1606 | NS      | $-43426.24    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Build-A-Bear Workshop Inc                            | Build-A-Bear Workshop Inc                                                   | CUSIP: 120076104<br>LEI: 529900S9MWZC1UBF3D13 | Short            | EC               | CORP              | US        |       -485 | NS      | $-31626.85    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Changgang Dunxin Enterprise Co Ltd                   | Changgang Dunxin Enterprise Co Ltd                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |    4640000 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Sprott Physical Uranium Trust                        | Sprott Physical Uranium Trust                                               | CUSIP: 85210A104<br>LEI: N/A                  | Long             | EC               | RF                | CA        |     195361 | NS      | $3906658.50   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Reinsurance Group of America Inc                     | Reinsurance Group of America Inc                                            | CUSIP: 759351604<br>LEI: LORM1GNEU1DKEW527V90 | Long             | EC               | CORP              | US        |       1872 | NS      | $359667.36    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Entegris Inc                                         | Entegris Inc                                                                | CUSIP: 29362U104<br>LEI: IYX6OWO7BT5DKO3BYG52 | Short            | EC               | CORP              | US        |      -5080 | NS      | $-469696.80   | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| Flotek Industries Inc                                | Flotek Industries Inc                                                       | CUSIP: 343389409<br>LEI: 549300TF60OEK4FPPC44 | Long             | EC               | CORP              | US        |      18990 | NS      | $277254.00    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| LX Holdings Corp                                     | LX Holdings Corp                                                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |      57257 | NS      | $316689.64    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Orion Group Holdings Inc                             | Orion Group Holdings Inc                                                    | CUSIP: 68628V308<br>LEI: 549300KBVXPV9Q3CT222 | Long             | EC               | CORP              | US        |      71914 | NS      | $598324.48    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Schlumberger NV                                      | Schlumberger NV                                                             | CUSIP: 806857108<br>LEI: 213800ZUA17OK3QLGM62 | Long             | EC               | CORP              | CW        |      31452 | NS      | $1081005.24   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| HELIKON LONG SH EQ FUND ICAV                         | HELIKON LONG SH EQ FUND ICAV HELIKON LONG SH EQ FUND ICAV                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | PF                | US        |      53707 | NS      | $36216430.34  | 2.48%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Zscaler Inc                                          | Zscaler Inc                                                                 | CUSIP: 98980G102<br>LEI: 529900MZ0RTK1BWRNF46 | Long             | EC               | CORP              | US        |       4152 | NS      | $1244188.32   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Xperi Inc                                            | Xperi Inc                                                                   | CUSIP: 98423J101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      16360 | NS      | $106012.80    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Wynn Resorts Ltd                                     | Wynn Resorts Ltd                                                            | CUSIP: 983134107<br>LEI: 254900CEKKWIHTEAB172 | Short            | EC               | CORP              | US        |      -4965 | NS      | $-636860.55   | -0.04%            |  |  |  | No            |                  1 | On Loan: No      |
| AbbVie Inc                                           | AbbVie Inc                                                                  | CUSIP: 00287Y109<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | EC               | CORP              | US        |         81 | NS      | $18754.74     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Indah Kiat Pulp & Paper Tbk PT                       | Indah Kiat Pulp & Paper Tbk PT                                              | CUSIP: 000000000<br>LEI: 529900F19DXXA9HNCB51 | Long             | EC               | CORP              | ID        |     653600 | NS      | $288583.81    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Argan Inc                                            | Argan Inc                                                                   | CUSIP: 04010E109<br>LEI: 529900E4KZWBV9KGBS83 | Short            | EC               | CORP              | US        |      -3279 | NS      | $-885493.95   | -0.06%            |  |  |  | No            |                  1 | On Loan: No      |
| Sibanye Stillwater Ltd                               | Sibanye Stillwater Ltd                                                      | CUSIP: 82575P107<br>LEI: 378900F238434B74D281 | Short            | EC               | CORP              | ZA        |      -8207 | NS      | $-92246.68    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Customers Bancorp Inc                                | Customers Bancorp Inc                                                       | CUSIP: 23204G100<br>LEI: 549300WLBCHYKZ53FN68 | Long             | EC               | CORP              | US        |       2972 | NS      | $194279.64    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| agilon health Inc                                    | agilon health Inc                                                           | CUSIP: 00857U107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    1498438 | NS      | $1543391.14   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Universal Health Services Inc                        | Universal Health Services Inc                                               | CUSIP: 913903100<br>LEI: 549300YGMGQDO0NMJD09 | Long             | EC               | CORP              | US        |        464 | NS      | $94860.16     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| ConnectOne Bancorp Inc                               | ConnectOne Bancorp Inc                                                      | CUSIP: 20786W107<br>LEI: 549300E2M5ZYAZKUK134 | Long             | EC               | CORP              | US        |       7479 | NS      | $185553.99    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | ASTERA LABS INC                                                             | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |        -42 | NC      | $-94500.00    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| OFG Bancorp                                          | OFG Bancorp                                                                 | CUSIP: 67103X102<br>LEI: 549300Q4QEXJ37LEXQ06 | Long             | EC               | CORP              | PR        |       8908 | NS      | $387408.92    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Fukuda Corp                                          | Fukuda Corp                                                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |       8600 | NS      | $409606.83    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Sequans Communications SA                            | Sequans Communications SA                                                   | CUSIP: 817323405<br>LEI: 969500G8ZIY1D601KJ66 | Long             | EC               | CORP              | FR        |         11 | NS      | $101.22       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Seagate Technology Holdings PLC                      | Seagate Technology Holdings PLC                                             | CUSIP: 000000000<br>LEI: 635400RUXIFEZSRU8X70 | Long             | EC               | CORP              | IE        |       3979 | NS      | $939282.74    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| CONMED Corp                                          | CONMED Corp                                                                 | CUSIP: 207410101<br>LEI: Z6C0YCECH9DCU5ZIQW84 | Short            | EC               | CORP              | US        |      -1004 | NS      | $-47218.12    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Unilever PLC                                         | Unilever PLC                                                                | CUSIP: 000000000<br>LEI: 549300MKFYEKVRWML317 | Long             | EC               | CORP              | GB        |     102133 | NS      | $6037300.24   | 0.41%             |  |  |  | No            |                  2 | On Loan: No      |
| Southern Copper Corp                                 | Southern Copper Corp                                                        | CUSIP: 84265V105<br>LEI: 2549007U6NAP46Q9TU15 | Long             | EC               | CORP              | US        |         53 | NS      | $6432.08      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| BK Technologies Corp                                 | BK Technologies Corp                                                        | CUSIP: 05587G203<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       1046 | NS      | $88366.08     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Ventas Inc                                           | Ventas Inc                                                                  | CUSIP: 92276F100<br>LEI: ORQTRC074CWLT3DKHT41 | Long             | EC               |  | US        |        241 | NS      | $16867.59     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| China Communications Services Corp Ltd               | China Communications Services Corp Ltd                                      | CUSIP: 000000000<br>LEI: 529900JCDRVQE6YZKT86 | Long             | EC               | CORP              | CN        |    1782000 | NS      | $1055172.44   | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Tradeweb Markets Inc                                 | Tradeweb Markets Inc                                                        | CUSIP: 892672106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |        130 | NS      | $14427.40     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Amadeus IT Group SA                                  | Amadeus IT Group SA                                                         | CUSIP: 000000000<br>LEI: 9598004A3FTY3TEHHN09 | Long             | EC               | CORP              | ES        |      44560 | NS      | $3526782.44   | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Powerfleet Inc NJ                                    | Powerfleet Inc NJ                                                           | CUSIP: 73931J109<br>LEI: 2549007NKEFPYEH4MF81 | Long             | EC               | CORP              | US        |     536709 | NS      | $2812355.16   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Pool Corp                                            | Pool Corp                                                                   | CUSIP: 73278L105<br>LEI: 5493005VZK1KMN6CO617 | Short            | EC               | CORP              | US        |      -1549 | NS      | $-480298.43   | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Mercantile Exchange                          | CAD CURRENCY FUT DEC25                                                      | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DFE              |  | US        |         27 | NC      | $-14287.59    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Minerals Technologies Inc                            | Minerals Technologies Inc                                                   | CUSIP: 603158106<br>LEI: 549300D3I1QU67GP6403 | Short            | EC               | CORP              | US        |       -216 | NS      | $-13417.92    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Primerica Inc                                        | Primerica Inc                                                               | CUSIP: 74164M108<br>LEI: 254900621R686KJR7022 | Long             | EC               | CORP              | US        |         58 | NS      | $16100.22     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Vail Resorts Inc                                     | Vail Resorts Inc                                                            | CUSIP: 91879Q109<br>LEI: 529900PSZHRNU9HKH870 | Short            | EC               | CORP              | US        |      -9716 | NS      | $-1453222.12  | -0.10%            |  |  |  | No            |                  1 | On Loan: No      |
| VAALCO Energy Inc                                    | VAALCO Energy Inc                                                           | CUSIP: 91851C201<br>LEI: 549300CFHFVIWB8M6T24 | Short            | EC               | CORP              | US        |      -4623 | NS      | $-18584.46    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Mesa Laboratories Inc                                | Mesa Laboratories Inc                                                       | CUSIP: 59064R109<br>LEI: 549300ZCG738WLX8ZW79 | Short            | EC               | CORP              | US        |       -460 | NS      | $-30824.60    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Thermo Fisher Scientific Inc                         | Thermo Fisher Scientific Inc                                                | CUSIP: 883556102<br>LEI: HCHV7422L5HDJZCRFL38 | Long             | EC               | CORP              | US        |         37 | NS      | $17945.74     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Consolidated Water Co Ltd                            | Consolidated Water Co Ltd                                                   | CUSIP: 000000000<br>LEI: 5299001BMEW8X9VIJA73 | Long             | EC               | CORP              | KY        |       4425 | NS      | $156114.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Costco Wholesale Corp                                | Costco Wholesale Corp                                                       | CUSIP: 22160K105<br>LEI: 29DX7H14B9S6O3FD6V18 | Long             | EC               | CORP              | US        |       6871 | NS      | $6360003.73   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Expedia Group Inc                                    | Expedia Group Inc                                                           | CUSIP: 30212P303<br>LEI: CI7MUJI4USF3V0NJ1H64 | Long             | EC               | CORP              | US        |       5863 | NS      | $1253216.25   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Sprouts Farmers Market Inc                           | Sprouts Farmers Market Inc                                                  | CUSIP: 85208M102<br>LEI: 529900P8F4G77Q52XE24 | Long             | EC               | CORP              | US        |       2919 | NS      | $317587.20    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Spectrum Brands Holdings Inc                         | Spectrum Brands Holdings Inc                                                | CUSIP: 84790A105<br>LEI: 549300JM0MJETDD30O20 | Short            | EC               | CORP              | US        |      -3763 | NS      | $-197670.39   | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| MP Materials Corp                                    | MP Materials Corp                                                           | CUSIP: 553368101<br>LEI: 89450063PHPS61USMT84 | Short            | EC               | CORP              | US        |      -2131 | NS      | $-142926.17   | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Kornit Digital Ltd                                   | Kornit Digital Ltd                                                          | CUSIP: 000000000<br>LEI: 5299006DPCQWP3VTFK34 | Short            | EC               | CORP              | IL        |      -2566 | NS      | $-34641.00    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Cloudflare Inc                                       | Cloudflare Inc                                                              | CUSIP: 18915M107<br>LEI: 5493007DY18BGNLDWU14 | Long             | EC               | CORP              | US        |      64120 | NS      | $13759510.80  | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Everest Group Ltd                                    | Everest Group Ltd                                                           | CUSIP: 000000000<br>LEI: 549300N24XF2VV0B3570 | Long             | EC               | CORP              | BM        |       1650 | NS      | $577879.50    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Carrefour SA                                         | Carrefour SA                                                                | CUSIP: 000000000<br>LEI: 549300B8P6MUJ1YWTS08 | Long             | EC               | CORP              | FR        |     131723 | NS      | $1994480.11   | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Williams-Sonoma Inc                                  | Williams-Sonoma Inc                                                         | CUSIP: 969904101<br>LEI: 549300IARG6YWVTZ1I92 | Short            | EC               | CORP              | US        |      -1669 | NS      | $-326206.05   | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| Plymouth Industrial REIT Inc                         | Plymouth Industrial REIT Inc                                                | CUSIP: 729640102<br>LEI: N/A                  | Short            | EC               |  | US        |      -1515 | NS      | $-33829.95    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| MACOM Technology Solutions Holdings Inc              | MACOM Technology Solutions Holdings Inc                                     | CUSIP: 55405Y100<br>LEI: N/A                  | Short            | EC               | CORP              | US        |       -122 | NS      | $-15187.78    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Veris Residential Inc                                | Veris Residential Inc                                                       | CUSIP: 554489104<br>LEI: 254900KTVBRYJCQU2J23 | Short            | EC               |  | US        |       -379 | NS      | $-5760.80     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Uber Technologies Inc                                | Uber Technologies Inc                                                       | CUSIP: 90353T100<br>LEI: 549300B2FTG34FILDR98 | Long             | EC               | CORP              | US        |      53602 | NS      | $5251387.94   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Unity Software Inc                                   | Unity Software Inc                                                          | CUSIP: 91332U101<br>LEI: 549300D1ESJMGNQNG432 | Short            | EC               | CORP              | US        |     -17850 | NS      | $-714714.00   | -0.05%            |  |  |  | No            |                  1 | On Loan: No      |
| Dakota Gold Corp                                     | Dakota Gold Corp                                                            | CUSIP: 46655E100<br>LEI: N/A                  | Short            | EC               | CORP              | US        |     -18614 | NS      | $-84693.70    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| SolarEdge Technologies Inc                           | SolarEdge Technologies Inc                                                  | CUSIP: 83417M104<br>LEI: 5493000K6Y58XXPDF853 | Short            | EC               | CORP              | US        |     -36530 | NS      | $-1351610.00  | -0.09%            |  |  |  | No            |                  1 | On Loan: No      |
| MHP SE                                               | MHP SE                                                                      | CUSIP: 55302T204<br>LEI: 213800D7DXFXGA292757 | Long             | EC               | CORP              | CY        |     162326 | NS      | $995295.70    | 0.07%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Masimo Corp                                          | Masimo Corp                                                                 | CUSIP: 574795100<br>LEI: 549300Q4A8JK0PIYCU29 | Short            | EC               | CORP              | US        |       -566 | NS      | $-83513.30    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| NXP Semiconductors NV                                | NXP Semiconductors NV                                                       | CUSIP: 000000000<br>LEI: 724500M9BY5293JDF951 | Short            | EC               | CORP              | NL        |      -1438 | NS      | $-327475.74   | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | SPDR S+P 500 ETF TRUST                                                      | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |       -113 | NC      | $-20227.00    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| 3M Co                                                | 3M Co                                                                       | CUSIP: 88579Y101<br>LEI: LUZQVYP4VS22CLWDAR65 | Long             | EC               | CORP              | US        |       4447 | NS      | $690085.46    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| NIKE Inc                                             | NIKE Inc                                                                    | CUSIP: 654106103<br>LEI: 787RXPR0UX0O0XUXPZ81 | Long             | EC               | CORP              | US        |      34410 | NS      | $2399409.30   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Agilent Technologies Inc                             | Agilent Technologies Inc                                                    | CUSIP: 00846U101<br>LEI: QUIX8Y7A2WP0XRMW7G29 | Long             | EC               | CORP              | US        |        133 | NS      | $17070.55     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Stewart Information Services Corp                    | Stewart Information Services Corp                                           | CUSIP: 860372101<br>LEI: 529900TV1XI0PLKENU10 | Short            | EC               | CORP              | US        |       -214 | NS      | $-15690.48    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Rimini Street Inc                                    | Rimini Street Inc                                                           | CUSIP: 76674Q107<br>LEI: 54930042ITIRGVM4HY55 | Long             | EC               | CORP              | US        |      44199 | NS      | $206851.32    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| OptimizeRx Corp                                      | OptimizeRx Corp                                                             | CUSIP: 68401U204<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      43218 | NS      | $885969.00    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| BioMarin Pharmaceutical Inc                          | BioMarin Pharmaceutical Inc                                                 | CUSIP: 09061G101<br>LEI: NSLL8ITTRR0J5HEMR848 | Long             | EC               | CORP              | US        |      15084 | NS      | $816949.44    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| BELLUS VENTURES II LP                                | BELLUS VENTURES II LP                                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | PF                | US        |     128215 | NS      | $15847372.59  | 1.09%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Agios Pharmaceuticals Inc                            | Agios Pharmaceuticals Inc                                                   | CUSIP: 00847X104<br>LEI: 529900ONJHY8EOGYT555 | Short            | EC               | CORP              | US        |      -3805 | NS      | $-152732.70   | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Aramark                                              | Aramark                                                                     | CUSIP: 03852U106<br>LEI: 549300MR6PG2DWZUIL39 | Long             | EC               | CORP              | US        |       9801 | NS      | $376358.40    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| State Street Global Advisors                         | State Street Navigator Securities Lending Government Money Market Portfolio | CUSIP: 857509301<br>LEI: 5493008BJIBKQ5KTIF74 | Long             | STIV             | RF                | US        |   17252844 | NS      | $17252844.35  | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Nutrien Ltd                                          | Nutrien Ltd                                                                 | CUSIP: 67077M108<br>LEI: 5493002QQ7GD21OWF963 | Long             | EC               | CORP              | CA        |      20369 | NS      | $1195863.99   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Micron Technology Inc                                | Micron Technology Inc                                                       | CUSIP: 595112103<br>LEI: B3DXGBC8GAIYWI2Z0172 | Long             | EC               | CORP              | US        |      15175 | NS      | $2539081.00   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Williams Cos Inc/The                                 | Williams Cos Inc/The                                                        | CUSIP: 969457100<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | EC               | CORP              | US        |        264 | NS      | $16724.40     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Golar LNG Ltd                                        | Golar LNG Ltd                                                               | CUSIP: 000000000<br>LEI: 213800C2VSFZG3EZLO34 | Long             | EC               | CORP              | BM        |      23523 | NS      | $950564.43    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| HubSpot Inc                                          | HubSpot Inc                                                                 | CUSIP: 443573100<br>LEI: 529900BLNVEW0MVKJB37 | Long             | EC               | CORP              | US        |       1675 | NS      | $783565.00    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| CNA Financial Corp                                   | CNA Financial Corp                                                          | CUSIP: 126117100<br>LEI: 549300YX2GSZD7YG1R84 | Long             | EC               | CORP              | US        |       2245 | NS      | $104302.70    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Merit Medical Systems Inc                            | Merit Medical Systems Inc                                                   | CUSIP: 589889104<br>LEI: 549300OYTY138SP2CE83 | Long             | EC               | CORP              | US        |      21226 | NS      | $1766639.98   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Quaker Chemical Corp                                 | Quaker Chemical Corp                                                        | CUSIP: 747316107<br>LEI: 549300PJQ1R3WCWCPS54 | Short            | EC               | CORP              | US        |        -76 | NS      | $-10013.00    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Citigroup Inc                                        | Citigroup Inc                                                               | CUSIP: 172967424<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | EC               | CORP              | US        |      11030 | NS      | $1119545.00   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| National Presto Industries Inc                       | National Presto Industries Inc                                              | CUSIP: 637215104<br>LEI: N/A                  | Short            | EC               | CORP              | US        |        -22 | NS      | $-2467.30     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Taseko Mines Ltd                                     | Taseko Mines Ltd                                                            | CUSIP: 876511106<br>LEI: 549300XKUO1JSLU7KX54 | Long             | EC               | CORP              | CA        |      83398 | NS      | $352773.54    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Neo Performance Materials Inc                        | Neo Performance Materials Inc                                               | CUSIP: 64046G106<br>LEI: 984500E2A5I396CB6D96 | Long             | EC               | CORP              | CA        |     190929 | NS      | $2723245.42   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| The Montreal Exchange / Bourse De Montreal           | CENTERRA GOLD INC                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | CA        |        822 | NC      | $38391.89     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Chubb Ltd                                            | Chubb Ltd                                                                   | CUSIP: 000000000<br>LEI: E0JAN6VLUDI1HITHT809 | Long             | EC               | CORP              | CH        |        614 | NS      | $173301.50    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Hippo Holdings Inc                                   | Hippo Holdings Inc                                                          | CUSIP: 433539202<br>LEI: N/A                  | Short            | EC               | CORP              | US        |       -422 | NS      | $-15259.52    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Power Metallic Mines Inc                             | Power Metallic Mines Inc                                                    | CUSIP: 73929R105<br>LEI: 549300CR9SP6YYGW5003 | Long             | EC               | CORP              | CA        |     337470 | NS      | $351607.03    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Associated Banc-Corp                                 | Associated Banc-Corp                                                        | CUSIP: 045487105<br>LEI: 549300N3CIN473IW5094 | Long             | EC               | CORP              | US        |        654 | NS      | $16814.34     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Empresa Nacional de Telecomunicaciones SA            | Empresa Nacional de Telecomunicaciones SA                                   | CUSIP: 000000000<br>LEI: 529900N4SUIP0URJT330 | Long             | EC               | CORP              | CL        |     418605 | NS      | $1476000.28   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Backblaze Inc                                        | Backblaze Inc                                                               | CUSIP: 05637B105<br>LEI: N/A                  | Short            | EC               | CORP              | US        |      -3148 | NS      | $-29213.44    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Cirrus Logic Inc                                     | Cirrus Logic Inc                                                            | CUSIP: 172755100<br>LEI: 549300NKSJEM5ZZSSV18 | Long             | EC               | CORP              | US        |        755 | NS      | $94593.95     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Amcor PLC                                            | Amcor PLC                                                                   | CUSIP: 000000000<br>LEI: 549300GSODGFCDQ3DI89 | Long             | EC               | CORP              | JE        |       1808 | NS      | $14789.44     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Keyera Corp                                          | Keyera Corp                                                                 | CUSIP: 493271118<br>LEI: 254900LXI62FUHZGH122 | Long             | EC               | CORP              | CA        |      23400 | NS      | $763354.17    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| PNC Financial Services Group Inc/The                 | PNC Financial Services Group Inc/The                                        | CUSIP: 693475105<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | EC               | CORP              | US        |      12851 | NS      | $2582151.43   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Vita Coco Co Inc/The                                 | Vita Coco Co Inc/The                                                        | CUSIP: 92846Q107<br>LEI: 54930020WXOAWHR85Y25 | Short            | EC               | CORP              | US        |      -5379 | NS      | $-228446.13   | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| Meridianlink Inc                                     | Meridianlink Inc                                                            | CUSIP: 58985J105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      29687 | NS      | $591661.91    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Spotify Technology SA                                | Spotify Technology SA                                                       | CUSIP: 000000000<br>LEI: 549300B4X0JHWV0DTD60 | Long             | EC               | CORP              | LU        |       1688 | NS      | $1178224.00   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| General Dynamics Corp                                | General Dynamics Corp                                                       | CUSIP: 369550108<br>LEI: 9C1X8XOOTYY2FNYTVH06 | Long             | EC               | CORP              | US        |       3002 | NS      | $1023682.00   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Robinhood Markets Inc                                | Robinhood Markets Inc                                                       | CUSIP: 770700102<br>LEI: 213800FS5AO3YWIE6F63 | Long             | EC               | CORP              | US        |       3143 | NS      | $450014.74    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Universal Health Services Inc                        | Universal Health Services Inc                                               | CUSIP: 913903100<br>LEI: 549300YGMGQDO0NMJD09 | Short            | EC               | CORP              | US        |        -72 | NS      | $-14719.68    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Prosperity Bancshares Inc                            | Prosperity Bancshares Inc                                                   | CUSIP: 743606105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       3657 | NS      | $242641.95    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Japan Petroleum Exploration Co Ltd                   | Japan Petroleum Exploration Co Ltd                                          | CUSIP: 000000000<br>LEI: 549300WXUNBZ356DMN17 | Long             | EC               | CORP              | JP        |      94600 | NS      | $827743.40    | 0.06%             |  |  |  | No            |                  2 | On Loan: —       |
| Hyundai Department Store Co Ltd                      | Hyundai Department Store Co Ltd                                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |      19253 | NS      | $1209369.39   | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Titan International Inc                              | Titan International Inc                                                     | CUSIP: 88830M102<br>LEI: 254900CXRGBE7C4B5A06 | Short            | EC               | CORP              | US        |      -1776 | NS      | $-13426.56    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley & Co. LLC                             | ENGIE ORD                                                                   | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               |  | FR        |    1182847 | OU      | $40564.16     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Steven Madden Ltd                                    | Steven Madden Ltd                                                           | CUSIP: 556269108<br>LEI: 549300Z9GZ7GYJWSGF43 | Short            | EC               | CORP              | US        |     -16591 | NS      | $-555466.68   | -0.04%            |  |  |  | No            |                  1 | On Loan: No      |
| Reynolds Consumer Products Inc                       | Reynolds Consumer Products Inc                                              | CUSIP: 76171L106<br>LEI: 894500ZQLNYY77S80A06 | Short            | EC               | CORP              | US        |       -107 | NS      | $-2618.29     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Vale SA                                              | Vale SA                                                                     | CUSIP: 000000000<br>LEI: 254900SMTWBX7RU2SR20 | Long             | EC               | CORP              | BR        |     187391 | NS      | $2027333.14   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Cheniere Energy Inc                                  | Cheniere Energy Inc                                                         | CUSIP: 16411R208<br>LEI: MIHC87W9WTYSYZWV1J40 | Long             | EC               | CORP              | US        |       3986 | NS      | $936630.28    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Air Products and Chemicals Inc                       | Air Products and Chemicals Inc                                              | CUSIP: 009158106<br>LEI: 7QEON6Y1RL5XR3R1W237 | Short            | EC               | CORP              | US        |      -1470 | NS      | $-400898.40   | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| Mosaic Co/The                                        | Mosaic Co/The                                                               | CUSIP: 61945C103<br>LEI: 2YD5STGSJNMUB7H76907 | Long             | EC               | CORP              | US        |      16046 | NS      | $556475.28    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Nordic American Tankers Ltd                          | Nordic American Tankers Ltd                                                 | CUSIP: 000000000<br>LEI: 213800W4T8AMPKIPIU94 | Long             | EC               | CORP              | BM        |     172646 | NS      | $542108.44    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Transocean Ltd                                       | Transocean Ltd                                                              | CUSIP: 000000000<br>LEI: 529900QO4W5DQGBGEF32 | Short            | EC               | CORP              | CH        |    -153477 | NS      | $-478848.24   | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| TopBuild Corp                                        | TopBuild Corp                                                               | CUSIP: 89055F103<br>LEI: 5493007YSKHOL4RWII46 | Short            | EC               | CORP              | US        |       -338 | NS      | $-132110.68   | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| CNX Resources Corp                                   | CNX Resources Corp                                                          | CUSIP: 12653C108<br>LEI: 549300JK3KH8PWM3B226 | Short            | EC               | CORP              | US        |       -124 | NS      | $-3982.88     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Adtalem Global Education Inc                         | Adtalem Global Education Inc                                                | CUSIP: 00737L103<br>LEI: 549300Z467EZLMODV621 | Short            | EC               | CORP              | US        |     -10422 | NS      | $-1609677.90  | -0.11%            |  |  |  | No            |                  1 | On Loan: No      |
| Sibanye Stillwater Ltd                               | Sibanye Stillwater Ltd                                                      | CUSIP: 000000000<br>LEI: 378900F238434B74D281 | Long             | EC               | CORP              | ZA        |     202000 | NS      | $572983.01    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Klaviyo Inc                                          | Klaviyo Inc                                                                 | CUSIP: 49845K101<br>LEI: N/A                  | Short            | EC               | CORP              | US        |       -101 | NS      | $-2796.69     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| i-80 Gold Corp                                       | i-80 Gold Corp                                                              | CUSIP: 44955L155<br>LEI: 549300LFFIWIGUEXPK11 | N/A              | DE               |  | CA        |    1046300 | NS      | $470835.00    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| MakeMyTrip Ltd                                       | MakeMyTrip Ltd                                                              | CUSIP: 000000000<br>LEI: 529900DNT8HNJ7RYUO60 | Short            | EC               | CORP              | MU        |      -4574 | NS      | $-428126.40   | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| Invesco Ltd                                          | Invesco Ltd                                                                 | CUSIP: 000000000<br>LEI: ECPGFXU8A2SHKVVGJI15 | Long             | EC               | CORP              | BM        |      26111 | NS      | $598986.34    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| eXp World Holdings Inc                               | eXp World Holdings Inc                                                      | CUSIP: 30212W100<br>LEI: 549300TWVVZC283VEC32 | Short            | EC               | CORP              | US        |     -14687 | NS      | $-156563.42   | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Granite Construction Inc                             | Granite Construction Inc                                                    | CUSIP: 387328107<br>LEI: 549300OM4BWMCIXVCZ39 | Long             | EC               | CORP              | US        |        673 | NS      | $73794.45     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| AirSculpt Technologies Inc                           | AirSculpt Technologies Inc                                                  | CUSIP: 009496100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      42520 | NS      | $341010.40    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Sprinklr Inc                                         | Sprinklr Inc                                                                | CUSIP: 85208T107<br>LEI: 254900AR04RJ2BQO5S78 | Long             | EC               | CORP              | US        |      58399 | NS      | $450840.28    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Marriott International Inc/MD                        | Marriott International Inc/MD                                               | CUSIP: 571903202<br>LEI: 225YDZ14ZO8E1TXUSU86 | Long             | EC               | CORP              | US        |      19575 | NS      | $5098113.00   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Sportradar Group AG                                  | Sportradar Group AG                                                         | CUSIP: 000000000<br>LEI: 549300H1P33YOAT7Z533 | Long             | EC               | CORP              | CH        |     158448 | NS      | $4262251.20   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Moody's Corp                                         | Moody's Corp                                                                | CUSIP: 615369105<br>LEI: 549300GCEDD8YCF5WU84 | Long             | EC               | CORP              | US        |       3681 | NS      | $1753922.88   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Constellation Brands Inc                             | Constellation Brands Inc                                                    | CUSIP: 21036P108<br>LEI: 5493005GKEG8QCVY7037 | Short            | EC               | CORP              | US        |      -6458 | NS      | $-869698.86   | -0.06%            |  |  |  | No            |                  1 | On Loan: No      |
| Seabridge Gold Inc                                   | Seabridge Gold Inc                                                          | CUSIP: 811916105<br>LEI: 9845003FEO1A66376A92 | Long             | EC               | CORP              | CA        |     101511 | NS      | $2448605.50   | 0.17%             |  |  |  | No            |                  1 | On Loan: —       |
| BILL Holdings Inc                                    | BILL Holdings Inc                                                           | CUSIP: 090043100<br>LEI: 549300IBF9VZZIGOZW63 | Long             | EC               | CORP              | US        |      78394 | NS      | $4152530.18   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Compass Minerals International Inc                   | Compass Minerals International Inc                                          | CUSIP: 20451N101<br>LEI: 2549008X9G8XP7YJGC47 | Short            | EC               | CORP              | US        |     -27248 | NS      | $-523161.60   | -0.04%            |  |  |  | No            |                  1 | On Loan: No      |
| Energy Fuels Inc/Canada                              | Energy Fuels Inc/Canada                                                     | CUSIP: 292671708<br>LEI: 529900P0GCATXMGK8I62 | Long             | EC               | CORP              | CA        |      20145 | NS      | $309225.75    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Bristow Group Inc                                    | Bristow Group Inc                                                           | CUSIP: 11040G103<br>LEI: 5493005Q24EN3UC1PV68 | Long             | EC               | CORP              | US        |      12077 | NS      | $435738.16    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Capstone Copper Corp                                 | Capstone Copper Corp                                                        | CUSIP: 14071L108<br>LEI: 549300III6KGKKC42W63 | Long             | EC               | CORP              | CA        |     336176 | NS      | $2855213.28   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Petroleo Brasileiro SA - Petrobras                   | Petroleo Brasileiro SA - Petrobras                                          | CUSIP: 000000000<br>LEI: 5493000J801JZRCMFE49 | Long             | EP               | CORP              | BR        |     198200 | NS      | $1171566.91   | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Hankook Tire & Technology Co Ltd                     | Hankook Tire & Technology Co Ltd                                            | CUSIP: 000000000<br>LEI: 9884001BIEVM09M7AH02 | Long             | EC               | CORP              | KR        |      11422 | NS      | $313460.17    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Natural Grocers by Vitamin Cottage Inc               | Natural Grocers by Vitamin Cottage Inc                                      | CUSIP: 63888U108<br>LEI: 529900P4OTXDGBUS3O87 | Long             | EC               | CORP              | US        |       8393 | NS      | $335720.00    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Air Lease Corp                                       | Air Lease Corp                                                              | CUSIP: 00912X302<br>LEI: 5493004NW4M4P8TMMK63 | Long             | EC               | CORP              | US        |       7195 | NS      | $457961.75    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| UNTRADE HUA HAN HEALTH                               | UNTRADE HUA HAN HEALTH                                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | HK        |    6984000 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Technology Select Sector SPDR Fund                   | Technology Select Sector SPDR Fund                                          | CUSIP: 81369Y803<br>LEI: 549300BR5T0JNM2MW070 | Long             | EC               | RF                | US        |      96003 | NS      | $27059405.58  | 1.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Nucor Corp                                           | Nucor Corp                                                                  | CUSIP: 670346105<br>LEI: 549300GGJCRSI2TIEJ46 | Long             | EC               | CORP              | US        |        804 | NS      | $108885.72    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Tetra Tech Inc                                       | Tetra Tech Inc                                                              | CUSIP: 88162G103<br>LEI: 549300UJ1LP7JGJC5P32 | Long             | EC               | CORP              | US        |      12628 | NS      | $421522.64    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Telephone and Data Systems Inc                       | Telephone and Data Systems Inc                                              | CUSIP: 879433829<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       7230 | NS      | $283705.20    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Acadia Healthcare Co Inc                             | Acadia Healthcare Co Inc                                                    | CUSIP: 00404A109<br>LEI: 5493005CW985Y9D0NC11 | Short            | EC               | CORP              | US        |     -22838 | NS      | $-565468.88   | -0.04%            |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley & Co. LLC                             | JLMAG ORD H                                                                 | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               |  | CN        |    4486185 | OU      | $-4590.77     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Perpetua Resources Corp                              | Perpetua Resources Corp                                                     | CUSIP: 714266103<br>LEI: 529900BQBMS383SEPY05 | Long             | EC               | CORP              | CA        |      62800 | NS      | $1270444.00   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| MDA Space Ltd                                        | MDA Space Ltd                                                               | CUSIP: 55293N109<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |      64500 | NS      | $1606359.13   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Veeco Instruments Inc                                | Veeco Instruments Inc                                                       | CUSIP: 922417100<br>LEI: 5493004201F72ADDZW04 | Short            | EC               | CORP              | US        |       -310 | NS      | $-9433.30     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Cintas Corp                                          | Cintas Corp                                                                 | CUSIP: 172908105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |         76 | NS      | $15599.76     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Greater Than AB                                      | Greater Than AB                                                             | CUSIP: 000000000<br>LEI: 549300NZXXE5X4QTK642 | Long             | EC               | CORP              | SE        |     278882 | NS      | $735158.95    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| National Energy Services Reunited Corp               | National Energy Services Reunited Corp                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | VG        |      60134 | NS      | $616974.84    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Medtronic PLC                                        | Medtronic PLC                                                               | CUSIP: 000000000<br>LEI: 549300GX3ZBSQWUXY261 | Long             | EC               | CORP              | IE        |       2345 | NS      | $223337.80    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Shake Shack Inc                                      | Shake Shack Inc                                                             | CUSIP: 819047101<br>LEI: 529900J74GJAHYP80N79 | Short            | EC               | CORP              | US        |     -13311 | NS      | $-1246042.71  | -0.09%            |  |  |  | No            |                  1 | On Loan: No      |
| Madison Square Garden Sports Corp                    | Madison Square Garden Sports Corp                                           | CUSIP: 55825T103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      10593 | NS      | $2404611.00   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Qualys Inc                                           | Qualys Inc                                                                  | CUSIP: 74758T303<br>LEI: 549300EMBXYOW9W1XA17 | Long             | EC               | CORP              | US        |        518 | NS      | $68546.94     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Truist Financial Corp                                | Truist Financial Corp                                                       | CUSIP: 89832Q109<br>LEI: 549300DRQQI75D2JP341 | Long             | EC               | CORP              | US        |      17240 | NS      | $788212.80    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| ZoomInfo Technologies Inc                            | ZoomInfo Technologies Inc                                                   | CUSIP: 98980F104<br>LEI: 2549008GSAHW4UWFEM58 | Long             | EC               | CORP              | US        |     267221 | NS      | $2915381.11   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Corteva Inc                                          | Corteva Inc                                                                 | CUSIP: 22052L104<br>LEI: 549300WZN9I2QKLS0O94 | Long             | EC               | CORP              | US        |        143 | NS      | $9671.09      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| LGI Homes Inc                                        | LGI Homes Inc                                                               | CUSIP: 50187T106<br>LEI: 549300W02B4WNV8CV109 | Short            | EC               | CORP              | US        |       -916 | NS      | $-47366.36    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Advanced Energy Industries Inc                       | Advanced Energy Industries Inc                                              | CUSIP: 007973100<br>LEI: 549300756XI3QLFT2U27 | Long             | EC               | CORP              | US        |       2614 | NS      | $444745.96    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Arlo Technologies Inc                                | Arlo Technologies Inc                                                       | CUSIP: 04206A101<br>LEI: 549300T4EUX2OQ75HV52 | Short            | EC               | CORP              | US        |     -45812 | NS      | $-776513.40   | -0.05%            |  |  |  | No            |                  1 | On Loan: No      |
| Viking Holdings Ltd                                  | Viking Holdings Ltd                                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BM        |        245 | NS      | $15229.20     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Harrow Inc                                           | Harrow Inc                                                                  | CUSIP: 415858109<br>LEI: N/A                  | Short            | EC               | CORP              | US        |     -12350 | NS      | $-595023.00   | -0.04%            |  |  |  | No            |                  1 | On Loan: No      |
| Advanced Micro Devices Inc                           | Advanced Micro Devices Inc                                                  | CUSIP: 007903107<br>LEI: R2I72C950HOYXII45366 | Long             | EC               | CORP              | US        |      32974 | NS      | $5334863.46   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Enphase Energy Inc                                   | Enphase Energy Inc                                                          | CUSIP: 29355A107<br>LEI: 5493008U7KIGMI59Z314 | Long             | EC               | CORP              | US        |      10236 | NS      | $362252.04    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| AWALE RESOURCES LTD                                  | AWALE RESOURCES LTD                                                         | CUSIP: 000000000<br>LEI: 894500976UL6A1P7D659 | N/A              | DE               |  | CA        |      89000 | NS      | $3900.03      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| PepsiCo Inc                                          | PepsiCo Inc                                                                 | CUSIP: 713448108<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | EC               | CORP              | US        |       2727 | NS      | $382979.88    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley & Co. LLC                             | IBERDROLA ORD                                                               | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               |  | ES        |    1433701 | OU      | $24748.57     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. LLC                             | SSE ORD                                                                     | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               |  | GB        |    1024751 | OU      | $74951.04     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Hims & Hers Health Inc                               | Hims & Hers Health Inc                                                      | CUSIP: 433000106<br>LEI: 254900V041EIVTSB6D58 | Short            | EC               | CORP              | US        |     -50152 | NS      | $-2844621.44  | -0.19%            |  |  |  | No            |                  1 | On Loan: No      |
| Federal Signal Corp                                  | Federal Signal Corp                                                         | CUSIP: 313855108<br>LEI: 549300RTXZRPTNP6G884 | Short            | EC               | CORP              | US        |       -617 | NS      | $-73416.83    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Modine Manufacturing Co                              | Modine Manufacturing Co                                                     | CUSIP: 607828100<br>LEI: Z35SZFYJR8GZZRSIUU09 | Long             | EC               | CORP              | US        |        813 | NS      | $115576.08    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Instruments Inc                                | Texas Instruments Inc                                                       | CUSIP: 882508104<br>LEI: WDJNR2L6D8RWOEB8T652 | Long             | EC               | CORP              | US        |      56921 | NS      | $10458095.33  | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Leonardo DRS Inc                                     | Leonardo DRS Inc                                                            | CUSIP: 52661A108<br>LEI: 549300HMMEWVG3PPQU18 | Long             | EC               | CORP              | US        |        399 | NS      | $18114.60     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Venture Global Inc                                   | Venture Global Inc                                                          | CUSIP: 92333F101<br>LEI: 2549007XC91CAB3E0N98 | Long             | EC               | CORP              | US        |       3313 | NS      | $47011.47     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| CME Group Inc                                        | CME Group Inc                                                               | CUSIP: 12572Q105<br>LEI: LCZ7XYGSLJUHFXXNXD88 | Long             | EC               | CORP              | US        |       2153 | NS      | $581719.07    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Manhattan Associates Inc                             | Manhattan Associates Inc                                                    | CUSIP: 562750109<br>LEI: 529900Q1GJP7KD52SW51 | Long             | EC               | CORP              | US        |       3509 | NS      | $719274.82    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| LSR Group PJSC                                       | LSR Group PJSC                                                              | CUSIP: 000000000<br>LEI: 25340067LEEMJ79K8X43 | Long             | EC               | CORP              | RU        |      96020 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| MGIC Investment Corp                                 | MGIC Investment Corp                                                        | CUSIP: 552848103<br>LEI: 254900S8483WM4M98R28 | Long             | EC               | CORP              | US        |        597 | NS      | $16936.89     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| PayPal Holdings Inc                                  | PayPal Holdings Inc                                                         | CUSIP: 70450Y103<br>LEI: 5493005X2GO78EFZ3E94 | Long             | EC               | CORP              | US        |      17167 | NS      | $1151219.02   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | CONFLUENT INC                                                               | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |       -292 | NC      | $-23360.00    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Centene Corp                                         | Centene Corp                                                                | CUSIP: 15135B101<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | EC               | CORP              | US        |      79032 | NS      | $2819861.76   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Lincoln Electric Holdings Inc                        | Lincoln Electric Holdings Inc                                               | CUSIP: 533900106<br>LEI: BIMGBY40SIN95O01BN93 | Long             | EC               | CORP              | US        |          8 | NS      | $1886.64      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Timken Co/The                                        | Timken Co/The                                                               | CUSIP: 887389104<br>LEI: B0I35MLPFXZSE70ASS73 | Short            | EC               | CORP              | US        |       -216 | NS      | $-16238.88    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| US GOLDCORP                                          | US GOLDCORP                                                                 | CUSIP: 000000000<br>LEI: 5299003C2TFXIV9QAV34 | N/A              | DE               |  | US        |      18150 | NS      | $167952.01    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Victory Capital Holdings Inc                         | Victory Capital Holdings Inc                                                | CUSIP: 92645B103<br>LEI: 549300BN5LH2CIPPHS71 | Long             | EC               | CORP              | US        |       6590 | NS      | $426768.40    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Dell Technologies Inc                                | Dell Technologies Inc                                                       | CUSIP: 24703L202<br>LEI: 549300TJB5YBRUPOG437 | Long             | EC               | CORP              | US        |       4128 | NS      | $585226.56    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc                                         | Alphabet Inc                                                                | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |      63863 | NS      | $15525095.30  | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Webtoon Entertainment Inc                            | Webtoon Entertainment Inc                                                   | CUSIP: 94845U105<br>LEI: N/A                  | Short            | EC               | CORP              | US        |     -22759 | NS      | $-441752.19   | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| Under Armour Inc                                     | Under Armour Inc                                                            | CUSIP: 904311107<br>LEI: 549300D4549QKWETZ406 | Short            | EC               | CORP              | US        |     -58912 | NS      | $-293970.88   | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| Snap Inc                                             | Snap Inc                                                                    | CUSIP: 83304A106<br>LEI: 549300JNC0L6VP8A2Q35 | Short            | EC               | CORP              | US        |     -57841 | NS      | $-445954.11   | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| American Eagle Outfitters Inc                        | American Eagle Outfitters Inc                                               | CUSIP: 02553E106<br>LEI: 5299001Z9HXK01DHW793 | Short            | EC               | CORP              | US        |      -9639 | NS      | $-164923.29   | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Latham Group Inc                                     | Latham Group Inc                                                            | CUSIP: 51819L107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     139839 | NS      | $1064174.79   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| The Montreal Exchange / Bourse De Montreal           | ISHARES S+P/TSX 60 INDEX ETF                                                | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | CA        |      -2814 | NC      | $-20219.87    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Sonos Inc                                            | Sonos Inc                                                                   | CUSIP: 83570H108<br>LEI: 549300WEPU6075I77M08 | Short            | EC               | CORP              | US        |      -6908 | NS      | $-109146.40   | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | NORWEGIAN CRUISE LINE HOLDINGS                                              | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | BM        |        287 | NC      | $1722.00      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Synovus Financial Corp                               | Synovus Financial Corp                                                      | CUSIP: 87161C501<br>LEI: 549300EIUS8UN5JTLE54 | Long             | EC               | CORP              | US        |       3289 | NS      | $161424.12    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Lattice Semiconductor Corp                           | Lattice Semiconductor Corp                                                  | CUSIP: 518415104<br>LEI: 549300LRBBPZDQ2II567 | Short            | EC               | CORP              | US        |     -10291 | NS      | $-754536.12   | -0.05%            |  |  |  | No            |                  1 | On Loan: No      |
| Microchip Technology Inc                             | Microchip Technology Inc                                                    | CUSIP: 595017104<br>LEI: 5493007PTFULNYZJ1R12 | Long             | EC               | CORP              | US        |       8704 | NS      | $558970.88    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Valaris Ltd                                          | Valaris Ltd                                                                 | CUSIP: 000000000<br>LEI: N/A                  | Short            | EC               | CORP              | BM        |      -8084 | NS      | $-394256.68   | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| Enviri Corp                                          | Enviri Corp                                                                 | CUSIP: 415864107<br>LEI: KAO98FK89NPNNPQGUZ43 | Short            | EC               | CORP              | US        |     -18436 | NS      | $-233952.84   | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| Civeo Corp                                           | Civeo Corp                                                                  | CUSIP: 17878Y207<br>LEI: 254900H0BM0N0O4MSY43 | Long             | EC               | CORP              | CA        |       5019 | NS      | $115437.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Synopsys Inc                                         | Synopsys Inc                                                                | CUSIP: 871607107<br>LEI: QG7T915N9S0NY5UKNE63 | Short            | EC               | CORP              | US        |       -442 | NS      | $-218078.38   | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Visa Inc                                             | Visa Inc                                                                    | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |      60470 | NS      | $20643248.60  | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Kemper Corp                                          | Kemper Corp                                                                 | CUSIP: 488401100<br>LEI: 549300FNI1JKTRY2PV09 | Long             | EC               | CORP              | US        |       8549 | NS      | $440700.95    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Eurex Deutschland                                    | MSCI JAPAN INDEX DEC25                                                      | CUSIP: 000000000<br>LEI: 529900LN3S50JPU47S06 | N/A              | DE               |  | DE        |        347 | NC      | $-330142.74   | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| Tejon Ranch Co                                       | Tejon Ranch Co                                                              | CUSIP: 879080109<br>LEI: 549300TMNDO77VJ6J111 | Long             | EC               | CORP              | US        |         69 | NS      | $1102.62      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Crown Holdings Inc                                   | Crown Holdings Inc                                                          | CUSIP: 228368106<br>LEI: NYLWZIOY8PUNIT4JOE22 | Long             | EC               | CORP              | US        |       3269 | NS      | $315752.71    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Flagstar Financial Inc                               | Flagstar Financial Inc                                                      | CUSIP: 649445400<br>LEI: 529900HVXOTLY61GL030 | Short            | EC               | CORP              | US        |     -24054 | NS      | $-277823.70   | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| Range Resources Corp                                 | Range Resources Corp                                                        | CUSIP: 75281A109<br>LEI: H3Y3WLYCX0BTO1TRW162 | Long             | EC               | CORP              | US        |      89824 | NS      | $3380975.36   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Performant Healthcare Inc                            | Performant Healthcare Inc                                                   | CUSIP: 71377E105<br>LEI: N/A                  | Short            | EC               | CORP              | US        |      -3791 | NS      | $-29304.43    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Kamigumi Co Ltd                                      | Kamigumi Co Ltd                                                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |      23700 | NS      | $719438.63    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Zoetis Inc                                           | Zoetis Inc                                                                  | CUSIP: 98978V103<br>LEI: 549300HD9Q1LOC9KLJ48 | Long             | EC               | CORP              | US        |      18459 | NS      | $2700920.88   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Allison Transmission Holdings Inc                    | Allison Transmission Holdings Inc                                           | CUSIP: 01973R101<br>LEI: 529900RP7DJ882LI9T83 | Long             | EC               | CORP              | US        |       2058 | NS      | $174683.04    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| NRG Energy Inc                                       | NRG Energy Inc                                                              | CUSIP: 629377508<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | EC               | CORP              | US        |       1103 | NS      | $178630.85    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| ASML Holding NV                                      | ASML Holding NV                                                             | CUSIP: 000000000<br>LEI: 724500Y6DUVHQD6OXN27 | Long             | EC               | CORP              | NL        |        590 | NS      | $571173.10    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Algoma Steel Group Inc                               | Algoma Steel Group Inc                                                      | CUSIP: 015658107<br>LEI: 549300Q5EU337A1XCX27 | Long             | EC               | CORP              | CA        |      99491 | NS      | $353154.80    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Axos Financial Inc                                   | Axos Financial Inc                                                          | CUSIP: 05465C100<br>LEI: 529900D8M56422GK9O25 | Long             | EC               | CORP              | US        |       2880 | NS      | $243792.00    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley & Co. LLC                             | NUSCALE POWER CL A ORD                                                      | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               |  | US        |     559174 | OU      | $58197.93     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Cracker Barrel Old Country Store Inc                 | Cracker Barrel Old Country Store Inc                                        | CUSIP: 22410J106<br>LEI: 8P4PHQIUWPIECBFBW745 | Short            | EC               | CORP              | US        |     -22179 | NS      | $-977206.74   | -0.07%            |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | BILL HOLDINGS INC                                                           | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |       -145 | NC      | $-5800.00     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Boston Scientific Corp                               | Boston Scientific Corp                                                      | CUSIP: 101137107<br>LEI: Y6ZDD9FP4P8JSSJMW954 | Long             | EC               | CORP              | US        |       8053 | NS      | $786214.39    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Monro Inc                                            | Monro Inc                                                                   | CUSIP: 610236101<br>LEI: N/A                  | Short            | EC               | CORP              | US        |     -25861 | NS      | $-464722.17   | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| Futu Holdings Ltd                                    | Futu Holdings Ltd                                                           | CUSIP: 36118L106<br>LEI: 213800X4W4ZRESFPTQ37 | Long             | EC               | CORP              | KY        |       2934 | NS      | $510251.94    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Hemas Holdings PLC                                   | Hemas Holdings PLC                                                          | CUSIP: 000000000<br>LEI: 254900TV1ZINS66XKY23 | Long             | EC               | CORP              | LK        |    2963448 | NS      | $320541.74    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| EchoStar Corp                                        | EchoStar Corp                                                               | CUSIP: 278768106<br>LEI: 549300EE20907QZ9GT38 | Short            | EC               | CORP              | US        |     -21448 | NS      | $-1637769.28  | -0.11%            |  |  |  | No            |                  1 | On Loan: No      |
| Boralex Inc                                          | Boralex Inc                                                                 | CUSIP: 09950M300<br>LEI: 5493004UT7HNQU2SVR90 | Long             | EC               | CORP              | CA        |      24000 | NS      | $468549.26    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Sunstone Hotel Investors Inc                         | Sunstone Hotel Investors Inc                                                | CUSIP: 867892101<br>LEI: 529900ZQ2V52V96ATF67 | Short            | EC               |  | US        |       -718 | NS      | $-6727.66     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Wabash National Corp                                 | Wabash National Corp                                                        | CUSIP: 929566107<br>LEI: 5299004ZAWHQZI5XO485 | Long             | EC               | CORP              | US        |      36897 | NS      | $364173.39    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Lam Research Corp                                    | Lam Research Corp                                                           | CUSIP: 512807306<br>LEI: 549300I4GMO6D34U1T02 | Long             | EC               | CORP              | US        |       8797 | NS      | $1177918.30   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Brink's Co/The                                       | Brink's Co/The                                                              | CUSIP: 109696104<br>LEI: XFP140TFNOQMIVFTVQ13 | Long             | EC               | CORP              | US        |       6637 | NS      | $775599.82    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Upwork Inc                                           | Upwork Inc                                                                  | CUSIP: 91688F104<br>LEI: 5493004QJ6WWBXVE2S70 | Short            | EC               | CORP              | US        |       -865 | NS      | $-16063.05    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| NXP Semiconductors NV                                | NXP Semiconductors NV                                                       | CUSIP: 000000000<br>LEI: 724500M9BY5293JDF951 | Long             | EC               | CORP              | NL        |       1470 | NS      | $334763.10    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Danaos Corp                                          | Danaos Corp                                                                 | CUSIP: 000000000<br>LEI: 734IM3DNDNT36T7YTD24 | Short            | EC               | CORP              | MH        |      -2136 | NS      | $-191834.16   | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Leidos Holdings Inc                                  | Leidos Holdings Inc                                                         | CUSIP: 525327102<br>LEI: 549300IUTGTP6EJP8124 | Long             | EC               | CORP              | US        |        114 | NS      | $21541.44     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| MannKind Corp                                        | MannKind Corp                                                               | CUSIP: 56400P706<br>LEI: 213800GFBCNY1ZFST722 | Short            | EC               | CORP              | US        |     -19896 | NS      | $-106841.52   | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Raymond James Financial Inc                          | Raymond James Financial Inc                                                 | CUSIP: 754730109<br>LEI: RGUZHJ05YTITL6D76949 | Long             | EC               | CORP              | US        |        101 | NS      | $17432.60     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelis Insurance Holdings Ltd                       | Fidelis Insurance Holdings Ltd                                              | CUSIP: 000000000<br>LEI: 549300CDMGCAGJQ7DX03 | Short            | EC               | CORP              | BM        |       -547 | NS      | $-9928.05     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| TaskUS Inc                                           | TaskUS Inc                                                                  | CUSIP: 87652V109<br>LEI: 549300VFPOK2Y6GLWE32 | Long             | EC               | CORP              | US        |      18937 | NS      | $338025.45    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Biogen Inc                                           | Biogen Inc                                                                  | CUSIP: 09062X103<br>LEI: W8J5WZB5IY3K0NDQT671 | Long             | EC               | CORP              | US        |       5748 | NS      | $805179.84    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Esab Corp                                            | Esab Corp                                                                   | CUSIP: 29605J106<br>LEI: 549300ZNV0SWBXEIWT04 | Short            | EC               | CORP              | US        |       -569 | NS      | $-63580.06    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Cytokinetics Inc                                     | Cytokinetics Inc                                                            | CUSIP: 23282W605<br>LEI: 549300BE5DY1HW7IHA64 | Short            | EC               | CORP              | US        |     -14609 | NS      | $-802910.64   | -0.05%            |  |  |  | No            |                  1 | On Loan: No      |
| Net Power Inc                                        | Net Power Inc                                                               | CUSIP: 64107A105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     156531 | NS      | $471158.31    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Floor & Decor Holdings Inc                           | Floor & Decor Holdings Inc                                                  | CUSIP: 339750101<br>LEI: 549300M5FR3N688XGQ36 | Short            | EC               | CORP              | US        |     -21194 | NS      | $-1561997.80  | -0.11%            |  |  |  | No            |                  1 | On Loan: No      |
| Murphy Oil Corp                                      | Murphy Oil Corp                                                             | CUSIP: 626717102<br>LEI: QBKYQD0ODE7DC7PDIN91 | Short            | EC               | CORP              | US        |     -18655 | NS      | $-529988.55   | -0.04%            |  |  |  | No            |                  1 | On Loan: No      |
| Fiserv Inc                                           | Fiserv Inc                                                                  | CUSIP: 337738108<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | EC               | CORP              | US        |       2475 | NS      | $319101.75    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Masterbrand Inc                                      | Masterbrand Inc                                                             | CUSIP: 57638P104<br>LEI: 549300E0Y4BR5Z9RDZ64 | Short            | EC               | CORP              | US        |      -4254 | NS      | $-56025.18    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Edison International                                 | Edison International                                                        | CUSIP: 281020107<br>LEI: 549300I7ROF15MAEVP56 | Long             | EC               | CORP              | US        |       5549 | NS      | $306748.72    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Procter & Gamble Co/The                              | Procter & Gamble Co/The                                                     | CUSIP: 742718109<br>LEI: 2572IBTT8CCZW6AU4141 | Long             | EC               | CORP              | US        |      41038 | NS      | $6305488.70   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| First Financial Bancorp                              | First Financial Bancorp                                                     | CUSIP: 320209109<br>LEI: 549300D3F5B3EZMY7P77 | Long             | EC               | CORP              | US        |       1563 | NS      | $39465.75     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Heartland Express Inc                                | Heartland Express Inc                                                       | CUSIP: 422347104<br>LEI: 5299005V45FZIQGLOG39 | Short            | EC               | CORP              | US        |     -13915 | NS      | $-116607.70   | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| TKO Group Holdings Inc                               | TKO Group Holdings Inc                                                      | CUSIP: 87256C101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       1788 | NS      | $361104.48    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Akamai Technologies Inc                              | Akamai Technologies Inc                                                     | CUSIP: 00971T101<br>LEI: OC1LZNN2LF5WTJ5RIL89 | Long             | EC               | CORP              | US        |       4308 | NS      | $326374.08    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley & Co. LLC                             | LS ELECTRIC ORD                                                             | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               |  | KR        |      68911 | OU      | $-25.40       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Novo Nordisk A/S                                     | Novo Nordisk A/S                                                            | CUSIP: 000000000<br>LEI: 549300DAQ1CVT6CXN342 | Long             | EC               | CORP              | DK        |      87151 | NS      | $4810361.61   | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| Toll Brothers Inc                                    | Toll Brothers Inc                                                           | CUSIP: 889478103<br>LEI: 529900JB6IS9MSZGVR44 | Long             | EC               | CORP              | US        |       7391 | NS      | $1020992.74   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| State Street Corp                                    | State Street Corp                                                           | CUSIP: 857477103<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | EC               | CORP              | US        |       1145 | NS      | $132831.45    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Teva Pharmaceutical Industries Ltd                   | Teva Pharmaceutical Industries Ltd                                          | CUSIP: 881624209<br>LEI: 549300BAFGM4RC74ZJ94 | Short            | EC               | CORP              | IL        |      -5447 | NS      | $-110029.40   | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Lockheed Martin Corp                                 | Lockheed Martin Corp                                                        | CUSIP: 539830109<br>LEI: DPRBOZP0K5RM2YE8UU08 | Long             | EC               | CORP              | US        |         35 | NS      | $17472.35     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| National Vision Holdings Inc                         | National Vision Holdings Inc                                                | CUSIP: 63845R107<br>LEI: 549300JHURCBLI5ROA42 | Short            | EC               | CORP              | US        |       -692 | NS      | $-20199.48    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Utz Brands Inc                                       | Utz Brands Inc                                                              | CUSIP: 918090101<br>LEI: 5299009BHBU2NH5HRN16 | Short            | EC               | CORP              | US        |      -2957 | NS      | $-35927.55    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Dolby Laboratories Inc                               | Dolby Laboratories Inc                                                      | CUSIP: 25659T107<br>LEI: 549300X04FB2QPCJ5J24 | Long             | EC               | CORP              | US        |        213 | NS      | $15414.81     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Caledonia Mining Corp PLC                            | Caledonia Mining Corp PLC                                                   | CUSIP: 000000000<br>LEI: 21380093ZBI4BFM75Y51 | Short            | EC               | CORP              | JE        |      -1328 | NS      | $-48086.88    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Mercantile Exchange                          | E-MINI RUSS 2000 DEC25                                                      | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DE               |  | US        |       -109 | NC      | $-105194.34   | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Solaris Energy Infrastructure Inc                    | Solaris Energy Infrastructure Inc                                           | CUSIP: 83418M103<br>LEI: 529900MTK3C8Y8TIIC10 | Long             | EC               | CORP              | US        |      54346 | NS      | $2172209.62   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Ceribell Inc                                         | Ceribell Inc                                                                | CUSIP: 15678C102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      57726 | NS      | $663271.74    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| United Therapeutics Corp                             | United Therapeutics Corp                                                    | CUSIP: 91307C102<br>LEI: 5299005C4HZL4UWROC14 | Long             | EC               | CORP              | US        |        833 | NS      | $349201.93    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Darling Ingredients Inc                              | Darling Ingredients Inc                                                     | CUSIP: 237266101<br>LEI: L1N0SPPKS7EXZYUMZ898 | Long             | EC               | CORP              | US        |      49611 | NS      | $1531491.57   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Upexi Inc                                            | Upexi Inc                                                                   | CUSIP: 39959A205<br>LEI: N/A                  | Short            | EC               | CORP              | US        |    -101100 | NS      | $-583347.00   | -0.04%            |  |  |  | No            |                  1 | On Loan: No      |
| Armstrong World Industries Inc                       | Armstrong World Industries Inc                                              | CUSIP: 04247X102<br>LEI: KXMRXXOJ88Q45Y45MG74 | Long             | EC               | CORP              | US        |        638 | NS      | $125054.38    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Hasbro Inc                                           | Hasbro Inc                                                                  | CUSIP: 418056107<br>LEI: 549300NUB6D2R1ITYR45 | Long             | EC               | CORP              | US        |       7292 | NS      | $553098.20    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Propel Holdings Inc                                  | Propel Holdings Inc                                                         | CUSIP: 74349D106<br>LEI: 549300WJ8RJGUJCB3938 | Long             | EC               | CORP              | CA        |      45900 | NS      | $968989.01    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| First Watch Restaurant Group Inc                     | First Watch Restaurant Group Inc                                            | CUSIP: 33748L101<br>LEI: N/A                  | Short            | EC               | CORP              | US        |     -13506 | NS      | $-211233.84   | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Cummins Inc                                          | Cummins Inc                                                                 | CUSIP: 231021106<br>LEI: ZUNI8PYC725B6H8JU438 | Long             | EC               | CORP              | US        |        620 | NS      | $261869.40    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Workday Inc                                          | Workday Inc                                                                 | CUSIP: 98138H101<br>LEI: 549300J0DYC0N31V7G13 | Long             | EC               | CORP              | US        |       1688 | NS      | $406352.24    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| AMC Entertainment Holdings Inc                       | AMC Entertainment Holdings Inc                                              | CUSIP: 00165C302<br>LEI: 549300ZO77UNR6NRBR11 | Short            | EC               | CORP              | US        |     -46991 | NS      | $-136273.90   | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                               | US 10YR ULTRA FUT DEC25                                                     | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |        393 | NC      | $625078.29    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Archer-Daniels-Midland Co                            | Archer-Daniels-Midland Co                                                   | CUSIP: 039483102<br>LEI: 549300LO13MQ9HYSTR83 | Short            | EC               | CORP              | US        |       -328 | NS      | $-19594.72    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Elanco Animal Health Inc                             | Elanco Animal Health Inc                                                    | CUSIP: 28414H103<br>LEI: 549300SHPNDCE059M934 | Short            | EC               | CORP              | US        |     -13306 | NS      | $-267982.84   | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| Chefs' Warehouse Inc/The                             | Chefs' Warehouse Inc/The                                                    | CUSIP: 163086101<br>LEI: 549300JYEDC8C547E980 | Long             | EC               | CORP              | US        |       4859 | NS      | $283425.47    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Norfolk Southern Corp                                | Norfolk Southern Corp                                                       | CUSIP: 655844108<br>LEI: 54930036C8MWP850MI84 | Long             | EC               | CORP              | US        |         55 | NS      | $16522.55     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| LG Uplus Corp                                        | LG Uplus Corp                                                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |     490547 | NS      | $5375311.88   | 0.37%             |  |  |  | No            |                  2 | On Loan: No      |
| First Citizens BancShares Inc/NC                     | First Citizens BancShares Inc/NC                                            | CUSIP: 31946M103<br>LEI: 549300N3Z00ZHE2XC526 | Short            | EC               | CORP              | US        |       -367 | NS      | $-656621.72   | -0.04%            |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corp                                       | Microsoft Corp                                                              | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |      56379 | NS      | $29201503.05  | 2.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Jamf Holding Corp                                    | Jamf Holding Corp                                                           | CUSIP: 47074L105<br>LEI: 254900IHLXZU4Z5ANA12 | Short            | EC               | CORP              | US        |     -12137 | NS      | $-129865.90   | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Full Truck Alliance Co Ltd                           | Full Truck Alliance Co Ltd                                                  | CUSIP: 35969L108<br>LEI: 984500884LB1DP8DAC57 | Short            | EC               | CORP              | KY        |      -6479 | NS      | $-84032.63    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| RusHydro PJSC                                        | RusHydro PJSC                                                               | CUSIP: 000000000<br>LEI: 2534005TJN9DX4YWVT97 | Long             | EC               | CORP              | RU        |  354557380 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| N-able Inc/US                                        | N-able Inc/US                                                               | CUSIP: 62878D100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     105933 | NS      | $826277.40    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | BILL HOLDINGS INC                                                           | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |        145 | NC      | $104400.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Targa Resources Corp                                 | Targa Resources Corp                                                        | CUSIP: 87612G101<br>LEI: 5493003QENHHS261UR94 | Long             | EC               | CORP              | US        |        148 | NS      | $24795.92     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Nanoform Finland Plc                                 | Nanoform Finland Plc                                                        | CUSIP: 000000000<br>LEI: 743700JJO2NU8LBS1592 | Long             | EC               | CORP              | FI        |     261974 | NS      | $396447.01    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Tyson Foods Inc                                      | Tyson Foods Inc                                                             | CUSIP: 902494103<br>LEI: WD6L6041MNRW1JE49D58 | Long             | EC               | CORP              | US        |       4869 | NS      | $264386.70    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Vertiv Holdings Co                                   | Vertiv Holdings Co                                                          | CUSIP: 92537N108<br>LEI: 549300KTTIRAOGXCRV69 | Long             | EC               | CORP              | US        |       3050 | NS      | $460123.00    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Teladoc Health Inc                                   | Teladoc Health Inc                                                          | CUSIP: 87918A105<br>LEI: 549300I2PVFBC9MFAC61 | Short            | EC               | CORP              | US        |     -16727 | NS      | $-129299.71   | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Dollar Tree Inc                                      | Dollar Tree Inc                                                             | CUSIP: 256746108<br>LEI: 549300PMSTQITB1WHR43 | Long             | EC               | CORP              | US        |      33259 | NS      | $3138651.83   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley & Co. LLC                             | EDP RENOVAVEIS ORD                                                          | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               |  | XX        |     779648 | OU      | $-117767.55   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Comfort Systems USA Inc                              | Comfort Systems USA Inc                                                     | CUSIP: 199908104<br>LEI: 5299009DT1ZA5HTU6R38 | Long             | EC               | CORP              | US        |       1323 | NS      | $1091713.14   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Helmerich & Payne Inc                                | Helmerich & Payne Inc                                                       | CUSIP: 423452101<br>LEI: 254900NAOGHJ88RZ4C73 | Short            | EC               | CORP              | US        |     -15976 | NS      | $-352909.84   | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| Clear Secure Inc                                     | Clear Secure Inc                                                            | CUSIP: 18467V109<br>LEI: N/A                  | Short            | EC               | CORP              | US        |      -7879 | NS      | $-263001.02   | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| IQVIA Holdings Inc                                   | IQVIA Holdings Inc                                                          | CUSIP: 46266C105<br>LEI: 549300W3R20NM4KQPH86 | Long             | EC               | CORP              | US        |       5835 | NS      | $1108299.90   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Regal Rexnord Corp                                   | Regal Rexnord Corp                                                          | CUSIP: 758750103<br>LEI: QH78R09VCJGQKPBPYU33 | Long             | EC               | CORP              | US        |        546 | NS      | $78318.24     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Veeva Systems Inc                                    | Veeva Systems Inc                                                           | CUSIP: 922475108<br>LEI: 549300YZEXPDB92M2F02 | Long             | EC               | CORP              | US        |       2400 | NS      | $714984.00    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Novagold Resources Inc                               | Novagold Resources Inc                                                      | CUSIP: 66987E206<br>LEI: 529900587LVZTJ2BHS60 | Long             | EC               | CORP              | CA        |     360002 | NS      | $3168017.60   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Bausch Health Cos Inc                                | Bausch Health Cos Inc                                                       | CUSIP: 071734107<br>LEI: B3BS7ACMDUWISF18KY76 | Short            | EC               | CORP              | CA        |      -1871 | NS      | $-12067.95    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Axon Enterprise Inc                                  | Axon Enterprise Inc                                                         | CUSIP: 05464C101<br>LEI: 549300QP2IEEGFE16681 | Long             | EC               | CORP              | US        |      24481 | NS      | $17568544.84  | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Intercontinental Exchange Inc                        | Intercontinental Exchange Inc                                               | CUSIP: 45866F104<br>LEI: 5493000F4ZO33MV32P92 | Long             | EC               | CORP              | US        |       8853 | NS      | $1491553.44   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Silex Systems Ltd                                    | Silex Systems Ltd                                                           | CUSIP: 000000000<br>LEI: 5493003U7WMXGIEUEF14 | Long             | EC               | CORP              | AU        |      35376 | NS      | $154851.53    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Oncology Institute Inc/The                           | Oncology Institute Inc/The                                                  | CUSIP: 68236X100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     361918 | NS      | $1263093.82   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury                               | U.S. Treasury Notes                                                         | CUSIP: 91282CHT1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   12374000 | PA      | $12274427.91  | 0.84%             | 2033-08-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Lands' End Inc                                       | Lands' End Inc                                                              | CUSIP: 51509F105<br>LEI: 54930016WOL7P2P67Q43 | Short            | EC               | CORP              | US        |      -3087 | NS      | $-43526.70    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Farmland Partners Inc                                | Farmland Partners Inc                                                       | CUSIP: 31154R109<br>LEI: 549300LB188CHPZ4IL37 | Short            | EC               |  | US        |       -195 | NS      | $-2121.60     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Lundin Mining Corp                                   | Lundin Mining Corp                                                          | CUSIP: 550372106<br>LEI: 549300FQDIM6C8HTN269 | Long             | EC               | CORP              | CA        |      45918 | NS      | $684959.17    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Bandwidth Inc                                        | Bandwidth Inc                                                               | CUSIP: 05988J103<br>LEI: 549300QC70JB7MUGXM66 | Short            | EC               | CORP              | US        |      -1166 | NS      | $-19437.22    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Kellanova                                            | Kellanova                                                                   | CUSIP: 487836108<br>LEI: LONOZNOJYIBXOHXWDB86 | Long             | EC               | CORP              | US        |        682 | NS      | $55937.64     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Commerce.com Inc                                     | Commerce.com Inc                                                            | CUSIP: 08975P108<br>LEI: 549300MOVEFQ78DMPG58 | Long             | EC               | CORP              | US        |     154952 | NS      | $773210.48    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Stryker Corp                                         | Stryker Corp                                                                | CUSIP: 863667101<br>LEI: 5493002F0SC4JTBU5137 | Long             | EC               | CORP              | US        |      23037 | NS      | $8516087.79   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Mercantile Exchange                          | AUDUSD CRNCY FUT DEC25                                                      | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DFE              |  | US        |         91 | NC      | $20823.53     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Huron Consulting Group Inc                           | Huron Consulting Group Inc                                                  | CUSIP: 447462102<br>LEI: 549300NGVB9H6TKTLE36 | Long             | EC               | CORP              | US        |       2860 | NS      | $419762.20    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Trane Technologies PLC                               | Trane Technologies PLC                                                      | CUSIP: 000000000<br>LEI: 549300BURLR9SLYY2705 | Long             | EC               | CORP              | IE        |         49 | NS      | $20676.04     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Newmont Corp                                         | Newmont Corp                                                                | CUSIP: 651639106<br>LEI: 549300VSP3RIX7FGDZ51 | Long             | EC               | CORP              | US        |       2572 | NS      | $216845.32    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Sequans Communications SA                            | Sequans Communications SA                                                   | CUSIP: 817323405<br>LEI: 969500G8ZIY1D601KJ66 | Short            | EC               | CORP              | FR        |        -10 | NS      | $-94.60       | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Zions Bancorp NA                                     | Zions Bancorp NA                                                            | CUSIP: 989701107<br>LEI: 8WH0EE09O9V05QJZ3V89 | Long             | EC               | CORP              | US        |       1538 | NS      | $87020.04     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Electric Power Development Co Ltd                    | Electric Power Development Co Ltd                                           | CUSIP: 000000000<br>LEI: 549300KMHPUAQI8VEH90 | Long             | EC               | CORP              | JP        |      37000 | NS      | $694572.55    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Grid Dynamics Holdings Inc                           | Grid Dynamics Holdings Inc                                                  | CUSIP: 39813G109<br>LEI: 9845007E77EEC65AZE29 | Long             | EC               | CORP              | US        |     133243 | NS      | $1027303.53   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA Corp                                          | NVIDIA Corp                                                                 | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |     355294 | NS      | $66290754.52  | 4.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Monday.com Ltd                                       | Monday.com Ltd                                                              | CUSIP: 000000000<br>LEI: 984500MDAFVD86E3B328 | Long             | EC               | CORP              | IL        |      13583 | NS      | $2630891.27   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Best Buy Co Inc                                      | Best Buy Co Inc                                                             | CUSIP: 086516101<br>LEI: HL5XPTVRV0O8TUN5LL90 | Long             | EC               | CORP              | US        |      13082 | NS      | $989260.84    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Deere & Co                                           | Deere & Co                                                                  | CUSIP: 244199105<br>LEI: PWFTNG3EI0Y73OXWDH08 | Short            | EC               | CORP              | US        |        -33 | NS      | $-15089.58    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Wingstop Inc                                         | Wingstop Inc                                                                | CUSIP: 974155103<br>LEI: 549300SSH3F8HPIM3Q47 | Long             | EC               | CORP              | US        |        867 | NS      | $218206.56    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Chevron Corp                                         | Chevron Corp                                                                | CUSIP: 166764100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       3497 | NS      | $543049.13    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Rubrik Inc                                           | Rubrik Inc                                                                  | CUSIP: 781154109<br>LEI: 254900TRGK2WTBYMYU27 | Long             | EC               | CORP              | US        |       4229 | NS      | $347835.25    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| IAC Inc                                              | IAC Inc                                                                     | CUSIP: 44891N208<br>LEI: 549300TO56L57RP6P031 | Short            | EC               | CORP              | US        |      -6050 | NS      | $-206123.50   | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| GLOBAL ATOMIC CORP                                   | GLOBAL ATOMIC CORP                                                          | CUSIP: 000000000<br>LEI: 529900EY4VQEZUOEO166 | Long             | EC               | CORP              | CA        |     138100 | NS      | $75415.68     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| FTAI Aviation Ltd                                    | FTAI Aviation Ltd                                                           | CUSIP: 000000000<br>LEI: N/A                  | Short            | EC               | CORP              | KY        |       -962 | NS      | $-160519.32   | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Lithium Argentina AG                                 | Lithium Argentina AG                                                        | CUSIP: 000000000<br>LEI: 25490091H0GF6CS01G98 | Long             | EC               | CORP              | CH        |     588204 | NS      | $1964601.36   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Wendy's Co/The                                       | Wendy's Co/The                                                              | CUSIP: 95058W100<br>LEI: 529900M0JIUCMWVKHG76 | Long             | EC               | CORP              | US        |      68774 | NS      | $629969.84    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Adobe Inc                                            | Adobe Inc                                                                   | CUSIP: 00724F101<br>LEI: FU4LY2G4933NH2E1CP29 | Long             | EC               | CORP              | US        |       6762 | NS      | $2385295.50   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Weave Communications Inc                             | Weave Communications Inc                                                    | CUSIP: 94724R108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     125789 | NS      | $840270.52    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Standex International Corp                           | Standex International Corp                                                  | CUSIP: 854231107<br>LEI: RCX52GR0JW2LRRMH9Z54 | Long             | EC               | CORP              | US        |        658 | NS      | $139430.20    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Ag Growth International Inc                          | Ag Growth International Inc                                                 | CUSIP: 001181106<br>LEI: 549300ZCF9VG3Z4PHL09 | Long             | EC               | CORP              | CA        |      35000 | NS      | $914672.70    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| TriMas Corp                                          | TriMas Corp                                                                 | CUSIP: 896215209<br>LEI: 75G1WUQ8QK4P5MZOYD78 | Short            | EC               | CORP              | US        |       -156 | NS      | $-6027.84     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Sweetgreen Inc                                       | Sweetgreen Inc                                                              | CUSIP: 87043Q108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     105188 | NS      | $839400.24    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Empire State Realty Trust Inc                        | Empire State Realty Trust Inc                                               | CUSIP: 292104106<br>LEI: 549300VOKY1DUEQSB456 | Short            | EC               |  | US        |      -1233 | NS      | $-9444.78     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Astronics Corp                                       | Astronics Corp                                                              | CUSIP: 046433108<br>LEI: 549300NNXCF8H4MSMK17 | Short            | EC               | CORP              | US        |      -1545 | NS      | $-70467.45    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Duolingo Inc                                         | Duolingo Inc                                                                | CUSIP: 26603R106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       3446 | NS      | $1109060.64   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Triumph Financial Inc                                | Triumph Financial Inc                                                       | CUSIP: 89679E300<br>LEI: 5493003RNRMEVYDZ1Q52 | Short            | EC               | CORP              | US        |       -607 | NS      | $-30374.28    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Advanced Drainage Systems Inc                        | Advanced Drainage Systems Inc                                               | CUSIP: 00790R104<br>LEI: 6QQTOZ5MF5DHM7K92I60 | Short            | EC               | CORP              | US        |      -8762 | NS      | $-1215289.40  | -0.08%            |  |  |  | No            |                  1 | On Loan: No      |
| Saia Inc                                             | Saia Inc                                                                    | CUSIP: 78709Y105<br>LEI: 549300WNPG4N9GBOYB29 | Long             | EC               | CORP              | US        |       2620 | NS      | $784323.20    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Twilio Inc                                           | Twilio Inc                                                                  | CUSIP: 90138F102<br>LEI: 5493004W8TRGD63APX93 | Short            | EC               | CORP              | US        |      -3001 | NS      | $-300370.09   | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| Veracyte Inc                                         | Veracyte Inc                                                                | CUSIP: 92337F107<br>LEI: 529900ESWZRHXOW27Z37 | Short            | EC               | CORP              | US        |       -336 | NS      | $-11534.88    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| ATAI Life Sciences NV                                | ATAI Life Sciences NV                                                       | CUSIP: 000000000<br>LEI: 391200Z8UWPJSNBNCA11 | Long             | EC               | CORP              | NL        |      27892 | NS      | $147548.68    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Constellium SE                                       | Constellium SE                                                              | CUSIP: 000000000<br>LEI: 724500KRJEMC79KAAU28 | Long             | EC               | CORP              | FR        |       5475 | NS      | $81468.00     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc                                         | Alphabet Inc                                                                | CUSIP: 02079K107<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |      12204 | NS      | $2972284.20   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Fluor Corp                                           | Fluor Corp                                                                  | CUSIP: 343412102<br>LEI: CQ7WZ4NOFWT7FAE6Q943 | Long             | EC               | CORP              | US        |      43236 | NS      | $1818938.52   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| AstraZeneca PLC                                      | AstraZeneca PLC                                                             | CUSIP: 046353108<br>LEI: PY6ZZQWO2IZFZC3IOL08 | Long             | EC               | CORP              | GB        |       7586 | NS      | $581997.92    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Revvity Inc                                          | Revvity Inc                                                                 | CUSIP: 714046109<br>LEI: 549300IKL1SDPFI7N655 | Short            | EC               | CORP              | US        |      -9544 | NS      | $-836531.60   | -0.06%            |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | CONFLUENT INC                                                               | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |       -292 | NC      | $-10220.00    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley & Co. LLC                             | KGHM POLSKA MIEDZ ORD                                                       | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               |  | PL        |    1596288 | OU      | $113981.63    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Warner Music Group Corp                              | Warner Music Group Corp                                                     | CUSIP: 934550203<br>LEI: N/A                  | Short            | EC               | CORP              | US        |      -4140 | NS      | $-141008.40   | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| City Holding Co                                      | City Holding Co                                                             | CUSIP: 177835105<br>LEI: N/A                  | Short            | EC               | CORP              | US        |       -834 | NS      | $-103307.58   | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Establishment Labs Holdings Inc                      | Establishment Labs Holdings Inc                                             | CUSIP: 000000000<br>LEI: 549300BCBQ714JNJ7V58 | Long             | EC               | CORP              | VG        |      28744 | NS      | $1178216.56   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Orthofix Medical Inc                                 | Orthofix Medical Inc                                                        | CUSIP: 68752M108<br>LEI: N/A                  | Short            | EC               | CORP              | US        |      -1120 | NS      | $-16396.80    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| International Seaways Inc                            | International Seaways Inc                                                   | CUSIP: 000000000<br>LEI: 549300YUFDGFRNGBWF46 | Short            | EC               | CORP              | MH        |       -423 | NS      | $-19491.84    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Bloom Energy Corp                                    | Bloom Energy Corp                                                           | CUSIP: 093712107<br>LEI: 549300XB5J9BFW5JXV97 | Long             | EC               | CORP              | US        |        880 | NS      | $74421.60     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Cresud SACIF y A                                     | Cresud SACIF y A                                                            | CUSIP: 226406106<br>LEI: 529900OJF9C0NUFNN613 | Long             | EC               | CORP              | AR        |      86791 | NS      | $798477.20    | 0.05%             |  |  |  | No            |                  1 | On Loan: —       |
| Barclays PLC                                         | Barclays PLC                                                                | CUSIP: 06738E204<br>LEI: 213800LBQA1Y9L22JB70 | Long             | EC               | CORP              | GB        |       1508 | NS      | $31170.36     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | CONFLUENT INC                                                               | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |        292 | NC      | $65116.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Peabody Energy Corp                                  | Peabody Energy Corp                                                         | CUSIP: 704551100<br>LEI: EJCO258LNNVSKAR2JX59 | Short            | EC               | CORP              | US        |     -22732 | NS      | $-602852.64   | -0.04%            |  |  |  | No            |                  1 | On Loan: No      |
| Gabriel Resources Ltd                                | Gabriel Resources Ltd                                                       | CUSIP: 361970502<br>LEI: 529900SJTRA2V9AI4361 | Long             | EC               | CORP              | CA        |     193400 | NS      | $14591.51     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley & Co. LLC                             | REPT BATTERO ORD H                                                          | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               |  | CN        |    1772598 | OU      | $59442.50     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CVS Health Corp                                      | CVS Health Corp                                                             | CUSIP: 126650100<br>LEI: 549300EJG376EN5NQE29 | Long             | EC               | CORP              | US        |      10991 | NS      | $828611.49    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Limbach Holdings Inc                                 | Limbach Holdings Inc                                                        | CUSIP: 53263P105<br>LEI: 254900EW8KXT5ZTWQI30 | Short            | EC               | CORP              | US        |      -1533 | NS      | $-148884.96   | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Innovex International Inc                            | Innovex International Inc                                                   | CUSIP: 457651107<br>LEI: 5299007REICYIJNMW197 | Long             | EC               | CORP              | US        |      19200 | NS      | $355968.00    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Altice USA Inc                                       | Altice USA Inc                                                              | CUSIP: 02156K103<br>LEI: 54930064K3612MGCER95 | Short            | EC               | CORP              | US        |     -14070 | NS      | $-33908.70    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| The Montreal Exchange / Bourse De Montreal           | ISHARES S+P/TSX 60 INDEX ETF                                                | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | CA        |       2814 | NC      | $2021.99      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Hyatt Hotels Corp                                    | Hyatt Hotels Corp                                                           | CUSIP: 448579102<br>LEI: T27JQIMTYSH41TCD5186 | Short            | EC               | CORP              | US        |       -714 | NS      | $-101338.02   | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Perella Weinberg Partners                            | Perella Weinberg Partners                                                   | CUSIP: 71367G102<br>LEI: N/A                  | Short            | EC               | CORP              | US        |      -4349 | NS      | $-92720.68    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| DuPont de Nemours Inc                                | DuPont de Nemours Inc                                                       | CUSIP: 26614N102<br>LEI: 5493004JF0SDFLM8GD76 | Long             | EC               | CORP              | US        |        215 | NS      | $16748.50     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Hammond Power Solutions Inc                          | Hammond Power Solutions Inc                                                 | CUSIP: 408549103<br>LEI: 549300OLI26OOKEG5V73 | Short            | EC               | CORP              | CA        |      -6400 | NS      | $-567754.54   | -0.04%            |  |  |  | No            |                  1 | On Loan: No      |
| Kasikornbank PCL                                     | Kasikornbank PCL                                                            | CUSIP: 000000000<br>LEI: 5493004COSQ54937AW41 | Long             | EC               | CORP              | TH        |     118000 | NS      | $608488.20    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| EMCOR Group Inc                                      | EMCOR Group Inc                                                             | CUSIP: 29084Q100<br>LEI: 529900X0SQJB2J7YDU43 | Long             | EC               | CORP              | US        |       1007 | NS      | $654086.78    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Illumina Inc                                         | Illumina Inc                                                                | CUSIP: 452327109<br>LEI: SQ95QG8SR5Q56LSNF682 | Long             | EC               | CORP              | US        |       3941 | NS      | $374276.77    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Mercury General Corp                                 | Mercury General Corp                                                        | CUSIP: 589400100<br>LEI: 5493001Q9EXPCEL4W527 | Short            | EC               | CORP              | US        |      -7872 | NS      | $-667388.16   | -0.05%            |  |  |  | No            |                  1 | On Loan: No      |
| Park National Corp                                   | Park National Corp                                                          | CUSIP: 700658107<br>LEI: 984500Q3E941TDF87712 | Short            | EC               | CORP              | US        |      -2470 | NS      | $-401449.10   | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| PROS Holdings Inc                                    | PROS Holdings Inc                                                           | CUSIP: 74346Y103<br>LEI: 549300LPE1KNL5RWKQ48 | Short            | EC               | CORP              | US        |      -1762 | NS      | $-40367.42    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Walt Disney Co/The                                   | Walt Disney Co/The                                                          | CUSIP: 254687106<br>LEI: 549300GZKULIZ0WOW665 | Long             | EC               | CORP              | US        |        156 | NS      | $17862.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Kopin Corp                                           | Kopin Corp                                                                  | CUSIP: 500600101<br>LEI: 52990031GUBB61RXCD89 | Short            | EC               | CORP              | US        |     -14402 | NS      | $-34996.86    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Linde PLC                                            | Linde PLC                                                                   | CUSIP: 000000000<br>LEI: 5299003QR1WT0EF88V51 | Long             | EC               | CORP              | IE        |       6960 | NS      | $3306000.00   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Nuvalent Inc                                         | Nuvalent Inc                                                                | CUSIP: 670703107<br>LEI: N/A                  | Short            | EC               | CORP              | US        |      -2904 | NS      | $-251137.92   | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| Silver Tiger Metals Inc                              | Silver Tiger Metals Inc                                                     | CUSIP: 82831T109<br>LEI: 2549009QDIU00MWT6U57 | Long             | EC               | CORP              | CA        |    1388900 | NS      | $758470.93    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Garmin Ltd                                           | Garmin Ltd                                                                  | CUSIP: 000000000<br>LEI: 2549001E0HIPIJQ0W046 | Long             | EC               | CORP              | CH        |       4074 | NS      | $1003100.28   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| nCino Inc                                            | nCino Inc                                                                   | CUSIP: 63947X101<br>LEI: 549300WVRR2WR3L6MZ46 | Short            | EC               | CORP              | US        |     -45910 | NS      | $-1244620.10  | -0.09%            |  |  |  | No            |                  1 | On Loan: No      |
| Fixed Income Clearing Corp                           | FIXED INC CLEARING CORP.REPO                                                | CUSIP: 000000000<br>LEI: 549300H47WTHXPU08X20 | Long             | RA               | CORP              | US        |  163136264 | PA      | $163136264.32 | 11.17%            |  |  |  | No            |                  2 | On Loan: No      |
| Dick's Sporting Goods Inc                            | Dick's Sporting Goods Inc                                                   | CUSIP: 253393102<br>LEI: 529900SSBV5I4LWSK313 | Long             | EC               | CORP              | US        |       1852 | NS      | $411551.44    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Leggett & Platt Inc                                  | Leggett & Platt Inc                                                         | CUSIP: 524660107<br>LEI: DKOVQUCDW4ZLYCUD4T55 | Short            | EC               | CORP              | US        |     -10866 | NS      | $-96490.08    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Global Atomic Corp                                   | Global Atomic Corp                                                          | CUSIP: 37957M106<br>LEI: 529900EY4VQEZUOEO166 | Short            | EC               | CORP              | CA        |    -138100 | NS      | $-75415.68    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Gartner Inc                                          | Gartner Inc                                                                 | CUSIP: 366651107<br>LEI: PP55B5R38BFB8O8HH686 | Long             | EC               | CORP              | US        |        815 | NS      | $214239.05    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Borsa Italiana SpA                                   | FTSE/MIB IDX FUT DEC25                                                      | CUSIP: 000000000<br>LEI: 8156005391EE905D3124 | N/A              | DE               |  | IT        |         -3 | NC      | $4479.00      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Pilgrim's Pride Corp                                 | Pilgrim's Pride Corp                                                        | CUSIP: 72147K108<br>LEI: 549300ZSLGV64ZL3HD75 | Long             | EC               | CORP              | US        |       1496 | NS      | $60917.12     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Walmart Inc                                          | Walmart Inc                                                                 | CUSIP: 931142103<br>LEI: Y87794H0US1R65VBXU25 | Long             | EC               | CORP              | US        |      34327 | NS      | $3537740.62   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| LivaNova PLC                                         | LivaNova PLC                                                                | CUSIP: 000000000<br>LEI: 2138001K2FX6SHK2B339 | Long             | EC               | CORP              | GB        |       1967 | NS      | $103031.46    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Mister Car Wash Inc                                  | Mister Car Wash Inc                                                         | CUSIP: 60646V105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     440321 | NS      | $2346910.93   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Kraken Robotics Inc                                  | Kraken Robotics Inc                                                         | CUSIP: 50077N102<br>LEI: 529900IX6H61N726FS70 | Long             | EC               | CORP              | CA        |     239200 | NS      | $780317.60    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| APA Corp                                             | APA Corp                                                                    | CUSIP: 03743Q108<br>LEI: 549300VCIWLRHYVSHC79 | Short            | EC               | CORP              | US        |       -179 | NS      | $-4346.12     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Box Inc                                              | Box Inc                                                                     | CUSIP: 10316T104<br>LEI: 549300KQUCPD8687YS68 | Long             | EC               | CORP              | US        |       9294 | NS      | $299917.38    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Universal Display Corp                               | Universal Display Corp                                                      | CUSIP: 91347P105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      17600 | NS      | $2527888.00   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Brown-Forman Corp                                    | Brown-Forman Corp                                                           | CUSIP: 115637209<br>LEI: 549300873K3LXF7ARU34 | Short            | EC               | CORP              | US        |      -2569 | NS      | $-69568.52    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Fortinet Inc                                         | Fortinet Inc                                                                | CUSIP: 34959E109<br>LEI: 549300O0QJWDBAS0QX03 | Long             | EC               | CORP              | US        |      55789 | NS      | $4690739.12   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Lyft Inc                                             | Lyft Inc                                                                    | CUSIP: 55087P104<br>LEI: 549300H7I5VN334XVZ52 | Long             | EC               | CORP              | US        |      65837 | NS      | $1449072.37   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Chemours Co/The                                      | Chemours Co/The                                                             | CUSIP: 163851108<br>LEI: 549300M1BOLNXL8DOV14 | Short            | EC               | CORP              | US        |     -14755 | NS      | $-233719.20   | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| O-I Glass Inc                                        | O-I Glass Inc                                                               | CUSIP: 67098H104<br>LEI: N/A                  | Short            | EC               | CORP              | US        |      -1225 | NS      | $-15888.25    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| GoDaddy Inc                                          | GoDaddy Inc                                                                 | CUSIP: 380237107<br>LEI: 549300J8H1TB0I2CB447 | Long             | EC               | CORP              | US        |        555 | NS      | $75940.65     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Kato Sangyo Co Ltd                                   | Kato Sangyo Co Ltd                                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |       8800 | NS      | $346859.58    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Iridium Communications Inc                           | Iridium Communications Inc                                                  | CUSIP: 46269C102<br>LEI: 549300U620NVQ4J1CT96 | Short            | EC               | CORP              | US        |     -17067 | NS      | $-297989.82   | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| Robert Half Inc                                      | Robert Half Inc                                                             | CUSIP: 770323103<br>LEI: 529900VPCUY9H3HLIC08 | Long             | EC               | CORP              | US        |      13880 | NS      | $471642.40    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Strategy Inc                                         | Strategy Inc                                                                | CUSIP: 594972408<br>LEI: 549300WQTWEJUEHXQX21 | Short            | EC               | CORP              | US        |       -868 | NS      | $-279678.28   | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| DaVita Inc                                           | DaVita Inc                                                                  | CUSIP: 23918K108<br>LEI: M2XHYMU3TZNEZURC6H66 | Short            | EC               | CORP              | US        |       -119 | NS      | $-15811.53    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Coca-Cola Consolidated Inc                           | Coca-Cola Consolidated Inc                                                  | CUSIP: 191098102<br>LEI: 57VG5X0E00X0QJU7CQ58 | Short            | EC               | CORP              | US        |      -4891 | NS      | $-573029.56   | -0.04%            |  |  |  | No            |                  1 | On Loan: No      |
| Alerus Financial Corp                                | Alerus Financial Corp                                                       | CUSIP: 01446U103<br>LEI: 5493008BXLBPPELQ3G57 | Long             | EC               | CORP              | US        |       2368 | NS      | $52427.52     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Whirlpool Corp                                       | Whirlpool Corp                                                              | CUSIP: 963320106<br>LEI: WHENKOULSSK7WUM60H03 | Short            | EC               | CORP              | US        |     -13558 | NS      | $-1065658.80  | -0.07%            |  |  |  | No            |                  1 | On Loan: No      |
| MongoDB Inc                                          | MongoDB Inc                                                                 | CUSIP: 60937P106<br>LEI: 549300TPTG69WKWE1Z37 | Long             | EC               | CORP              | US        |       1898 | NS      | $589101.24    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| SEQUANS COMMUNICATIONS                               | SEQUANS COMMUNICATIONS                                                      | CUSIP: 000000000<br>LEI: 969500G8ZIY1D601KJ66 | N/A              | DE               |  | US        |      42589 | NS      | $4684.79      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| KT Corp                                              | KT Corp                                                                     | CUSIP: 48268K101<br>LEI: 9884005ACF8449EANY26 | Long             | EC               | CORP              | KR        |     134222 | NS      | $2617329.00   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| GXO Logistics Inc                                    | GXO Logistics Inc                                                           | CUSIP: 36262G101<br>LEI: 5493007CNWMXN78JRN66 | Short            | EC               | CORP              | US        |       -383 | NS      | $-20256.87    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Eramet SA                                            | Eramet SA                                                                   | CUSIP: 000000000<br>LEI: 549300LUH78PG2MP6N64 | Long             | EC               | CORP              | FR        |      21382 | NS      | $1409541.40   | 0.10%             |  |  |  | No            |                  1 | On Loan: —       |
| Victoria Gold Corp/Vancouver                         | Victoria Gold Corp/Vancouver                                                | CUSIP: 92625W507<br>LEI: 9845005Q1367V3D4N057 | Long             | EC               | CORP              | CA        |     225800 | NS      | $1622.48      | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Huntsman Corp                                        | Huntsman Corp                                                               | CUSIP: 447011107<br>LEI: 5299000V56320A7RIQ67 | Long             | EC               | CORP              | US        |       1533 | NS      | $13766.34     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley & Co. LLC                             | SOLARIA ENERGIA Y MEDIO AMBIENTE ORD                                        | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               |  | ES        |     191564 | OU      | $24728.46     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Stanley Black & Decker Inc                           | Stanley Black & Decker Inc                                                  | CUSIP: 854502101<br>LEI: 549300DJ09SMTO561131 | Long             | EC               | CORP              | US        |      14764 | NS      | $1097408.12   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Merchants Bancorp/IN                                 | Merchants Bancorp/IN                                                        | CUSIP: 58844R108<br>LEI: 54930008Y0GPVLF81889 | Short            | EC               | CORP              | US        |       -391 | NS      | $-12433.80    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Nice Ltd                                             | Nice Ltd                                                                    | CUSIP: 653656108<br>LEI: 254900YTY4EF5Z4W0A51 | Long             | EC               | CORP              | IL        |       1493 | NS      | $216156.54    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Airbnb Inc                                           | Airbnb Inc                                                                  | CUSIP: 009066101<br>LEI: 549300HMUDNO0RY56D37 | Long             | EC               | CORP              | US        |       8139 | NS      | $988237.38    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| PACCAR Inc                                           | PACCAR Inc                                                                  | CUSIP: 693718108<br>LEI: KDTEY8BWE486IKZ3CC07 | Long             | EC               | CORP              | US        |        157 | NS      | $15436.24     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Exxon Mobil Corp                                     | Exxon Mobil Corp                                                            | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |       6224 | NS      | $701756.00    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Hershey Co/The                                       | Hershey Co/The                                                              | CUSIP: 427866108<br>LEI: 21X2CX66SU2BR6QTAD08 | Short            | EC               | CORP              | US        |       -349 | NS      | $-65280.45    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Akero Therapeutics Inc                               | Akero Therapeutics Inc                                                      | CUSIP: 00973Y108<br>LEI: 549300SI3KG74LBE2955 | Long             | EC               | CORP              | US        |      20702 | NS      | $982930.96    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Corning Inc                                          | Corning Inc                                                                 | CUSIP: 219350105<br>LEI: 549300X2937PB0CJ7I56 | Long             | EC               | CORP              | US        |       1139 | NS      | $93432.17     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| ICF International Inc                                | ICF International Inc                                                       | CUSIP: 44925C103<br>LEI: 5493003KYFDDC5B3WY64 | Short            | EC               | CORP              | US        |       -307 | NS      | $-28489.60    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Guidewire Software Inc                               | Guidewire Software Inc                                                      | CUSIP: 40171V100<br>LEI: 549300WXSG0J8IXZCK32 | Long             | EC               | CORP              | US        |       4131 | NS      | $949551.66    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| SharkNinja Inc                                       | SharkNinja Inc                                                              | CUSIP: 000000000<br>LEI: N/A                  | Short            | EC               | CORP              | KY        |      -2435 | NS      | $-251170.25   | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| Franklin Resources Inc                               | Franklin Resources Inc                                                      | CUSIP: 354613101<br>LEI: RIFQSET379FOGTEFKS80 | Long             | EC               | CORP              | US        |      54496 | NS      | $1260492.48   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley & Co. LLC                             | ANTOFAGASTA ORD                                                             | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               |  | GB        |     162055 | OU      | $64580.29     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Etsy Inc                                             | Etsy Inc                                                                    | CUSIP: 29786A106<br>LEI: 54930089Q7XT501AEA40 | Long             | EC               | CORP              | US        |       1126 | NS      | $74755.14     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| CONTRA WALGREENS BOOTS                               | CONTRA WALGREENS BOOTS                                                      | CUSIP: 931CVR013<br>LEI: 549300RPTUOIXG4LIH86 | N/A              | DE               |  | US        |      67537 | NS      | $35794.61     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Axis Capital Holdings Ltd                            | Axis Capital Holdings Ltd                                                   | CUSIP: 000000000<br>LEI: 635400VD2NQBYAHMEM55 | Long             | EC               | CORP              | BM        |      16049 | NS      | $1537494.20   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Sandisk Corp/DE                                      | Sandisk Corp/DE                                                             | CUSIP: 80004C200<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       3767 | NS      | $422657.40    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Luks Group Vietnam Holdings Co Ltd                   | Luks Group Vietnam Holdings Co Ltd                                          | CUSIP: 000000000<br>LEI: 5299004B24AHX4THUB34 | Long             | EC               | CORP              | BM        |    1682000 | NS      | $210865.41    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. LLC                             | PURCHASED USD / SOLD CAD                                                    | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              |  | US        |          1 | NC      | $433100.59    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Builders FirstSource Inc                             | Builders FirstSource Inc                                                    | CUSIP: 12008R107<br>LEI: 549300W0SKP6L3H7DP63 | Short            | EC               | CORP              | US        |      -3610 | NS      | $-437712.50   | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| Nutanix Inc                                          | Nutanix Inc                                                                 | CUSIP: 67059N108<br>LEI: 549300X7J6E8TKVIXW09 | Long             | EC               | CORP              | US        |      13833 | NS      | $1029036.87   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| TerraVest Industries Inc                             | TerraVest Industries Inc                                                    | CUSIP: 88105G103<br>LEI: 254900H4S2STHU44PM25 | Short            | EC               | CORP              | CA        |      -6400 | NS      | $-640597.83   | -0.04%            |  |  |  | No            |                  1 | On Loan: No      |
| Well Health Technologies Corp                        | Well Health Technologies Corp                                               | CUSIP: 94947L102<br>LEI: 254900HK2IQLCK4I7B82 | Long             | EC               | CORP              | CA        |      63700 | NS      | $235264.78    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| CoreWeave Inc                                        | CoreWeave Inc                                                               | CUSIP: 21873S108<br>LEI: 984500511DP2B6186053 | Short            | EC               | CORP              | US        |     -12730 | NS      | $-1742100.50  | -0.12%            |  |  |  | No            |                  1 | On Loan: No      |
| DL E&C Co Ltd                                        | DL E&C Co Ltd                                                               | CUSIP: 000000000<br>LEI: 988400UU0MCCBS1YP242 | Long             | EC               | CORP              | KR        |      57447 | NS      | $1721597.66   | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Valeura Energy Inc                                   | Valeura Energy Inc                                                          | CUSIP: 919144402<br>LEI: 2549003ZBCOPPO06GY48 | Long             | EC               | CORP              | CA        |     170100 | NS      | $882461.74    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| ICE Futures U.S., Inc.                               | MSCI EMGMKT DEC25                                                           | CUSIP: 000000000<br>LEI: 5493004R83R1LVX2IL36 | N/A              | DE               |  | US        |         31 | NC      | $38585.39     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Hilton Grand Vacations Inc                           | Hilton Grand Vacations Inc                                                  | CUSIP: 43283X105<br>LEI: 549300O9K6MFD8D07574 | Short            | EC               | CORP              | US        |     -10340 | NS      | $-432315.40   | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| Flowserve Corp                                       | Flowserve Corp                                                              | CUSIP: 34354P105<br>LEI: 6Y0GK87T6V7NJKZJVM41 | Long             | EC               | CORP              | US        |       8403 | NS      | $446535.42    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Guess? Inc                                           | Guess? Inc                                                                  | CUSIP: 401617105<br>LEI: 549300QVH3ZK2DW0KP86 | Short            | EC               | CORP              | US        |      -2110 | NS      | $-35258.10    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Halyk Savings Bank of Kazakhstan JSC                 | Halyk Savings Bank of Kazakhstan JSC                                        | CUSIP: 46627J302<br>LEI: 213800NYDTVQM4SDUD67 | Long             | EC               | CORP              | KZ        |      18848 | NS      | $474298.80    | 0.03%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Grocery Outlet Holding Corp                          | Grocery Outlet Holding Corp                                                 | CUSIP: 39874R101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       7159 | NS      | $114901.95    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Federal Grid Co - Rosseti PJSC                       | Federal Grid Co - Rosseti PJSC                                              | CUSIP: 000000000<br>LEI: 253400FZQ7Z49QZNSG30 | Long             | EC               | CORP              | RU        | 1019443892 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Helios Technologies Inc                              | Helios Technologies Inc                                                     | CUSIP: 42328H109<br>LEI: 5493000BCJSMIDRNTI78 | Short            | EC               | CORP              | US        |       -140 | NS      | $-7298.20     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Selective Insurance Group Inc                        | Selective Insurance Group Inc                                               | CUSIP: 816300107<br>LEI: 549300R3WGJWLE40R258 | Long             | EC               | CORP              | US        |      10015 | NS      | $811916.05    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| American Bitcoin Corp                                | American Bitcoin Corp                                                       | CUSIP: 02462A104<br>LEI: 25490076V1MQTR95P592 | Short            | EC               | CORP              | US        |     -54600 | NS      | $-368004.00   | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| Enerflex Ltd                                         | Enerflex Ltd                                                                | CUSIP: 29269R105<br>LEI: 54930014N7872VUS3F89 | Long             | EC               | CORP              | CA        |      94200 | NS      | $1015981.89   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Amentum Holdings Inc                                 | Amentum Holdings Inc                                                        | CUSIP: 023939101<br>LEI: 2549009FJIBLW40CU216 | Long             | EC               | CORP              | US        |      33890 | NS      | $811665.50    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Magnite Inc                                          | Magnite Inc                                                                 | CUSIP: 55955D100<br>LEI: 54930018FR2YX1HHSB02 | Long             | EC               | CORP              | US        |       1156 | NS      | $25177.68     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| American Woodmark Corp                               | American Woodmark Corp                                                      | CUSIP: 030506109<br>LEI: 5299007PFSDWMA74RB56 | Short            | EC               | CORP              | US        |       -767 | NS      | $-51204.92    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Darden Restaurants Inc                               | Darden Restaurants Inc                                                      | CUSIP: 237194105<br>LEI: CY1NFSCCB5GUXC7WZC70 | Long             | EC               | CORP              | US        |       1034 | NS      | $196832.24    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Tronox Holdings PLC                                  | Tronox Holdings PLC                                                         | CUSIP: 000000000<br>LEI: 549300NRVC84SGJSXV06 | Long             | EC               | CORP              | GB        |     171248 | NS      | $688416.96    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Independence Realty Trust Inc                        | Independence Realty Trust Inc                                               | CUSIP: 45378A106<br>LEI: 549300Z3L8NU44NQEB29 | Short            | EC               |  | US        |       -896 | NS      | $-14685.44    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Palantir Technologies Inc                            | Palantir Technologies Inc                                                   | CUSIP: 69608A108<br>LEI: 549300UVN46B3BBDHO85 | Long             | EC               | CORP              | US        |      27718 | NS      | $5056317.56   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Evolv Technologies Holdings Inc                      | Evolv Technologies Holdings Inc                                             | CUSIP: 30049H102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       7718 | NS      | $58270.90     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Kadant Inc                                           | Kadant Inc                                                                  | CUSIP: 48282T104<br>LEI: 549300K06LNJYBMPYP15 | Short            | EC               | CORP              | US        |      -2769 | NS      | $-823999.02   | -0.06%            |  |  |  | No            |                  1 | On Loan: No      |
| Baxter International Inc                             | Baxter International Inc                                                    | CUSIP: 071813109<br>LEI: J5OIVXX3P24RJRW5CK77 | Short            | EC               | CORP              | US        |      -5218 | NS      | $-118813.86   | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Tempus AI Inc                                        | Tempus AI Inc                                                               | CUSIP: 88023B103<br>LEI: 2549009LA0KWRAGQBX50 | Short            | EC               | CORP              | US        |      -9377 | NS      | $-756817.67   | -0.05%            |  |  |  | No            |                  1 | On Loan: No      |
| International Money Express Inc                      | International Money Express Inc                                             | CUSIP: 46005L101<br>LEI: N/A                  | Short            | EC               | CORP              | US        |       -328 | NS      | $-4582.16     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Indivior PLC                                         | Indivior PLC                                                                | CUSIP: 000000000<br>LEI: 213800V3NCQTY7IED471 | Long             | EC               | CORP              | GB        |      15601 | NS      | $376140.11    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Herc Holdings Inc                                    | Herc Holdings Inc                                                           | CUSIP: 42704L104<br>LEI: 549300TP80QLITMSBP82 | Short            | EC               | CORP              | US        |       -139 | NS      | $-16215.74    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Bentley Systems Inc                                  | Bentley Systems Inc                                                         | CUSIP: 08265T208<br>LEI: 549300WVEHPGE0Z56F71 | Short            | EC               | CORP              | US        |      -1895 | NS      | $-97554.60    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Gen Digital Inc                                      | Gen Digital Inc                                                             | CUSIP: 668771108<br>LEI: YF6ZV0M6AU4FY94MK914 | Short            | EC               | CORP              | US        |      -7288 | NS      | $-206906.32   | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Hong Kong Futures Exchange Ltd.                      | HANG SENG IDX FUT DEC25                                                     | CUSIP: 000000000<br>LEI: 213800YTVSXYQN17BW16 | N/A              | DE               |  | HK        |         -3 | NC      | $-8551.84     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Thryv Holdings Inc                                   | Thryv Holdings Inc                                                          | CUSIP: 886029206<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     114528 | NS      | $1381207.68   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Shift4 Payments Inc                                  | Shift4 Payments Inc                                                         | CUSIP: 82452J109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      12590 | NS      | $974466.00    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley & Co. LLC                             | CENTRUS ENERGY CL A ORD                                                     | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               |  | US        |     431590 | OU      | $-7159.52     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| PBF Energy Inc                                       | PBF Energy Inc                                                              | CUSIP: 69318G106<br>LEI: 2549003PBEDCSZMZIY02 | Long             | EC               | CORP              | US        |       3647 | NS      | $110029.99    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| UPEXI INC.                                           | UPEXI INC.                                                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      61900 | NS      | $284740.00    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Baidu Inc                                            | Baidu Inc                                                                   | CUSIP: 000000000<br>LEI: 254900AL64IANZYI1E02 | Long             | EC               | CORP              | KY        |     128150 | NS      | $2123954.59   | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| CoStar Group Inc                                     | CoStar Group Inc                                                            | CUSIP: 22160N109<br>LEI: 984500Q1D53D08E2E698 | Long             | EC               | CORP              | US        |       2088 | NS      | $176164.56    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Perrigo Co PLC                                       | Perrigo Co PLC                                                              | CUSIP: 000000000<br>LEI: 549300IFOQS6R1QLY196 | Long             | EC               | CORP              | IE        |      18003 | NS      | $400926.81    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| TJX Cos Inc/The                                      | TJX Cos Inc/The                                                             | CUSIP: 872540109<br>LEI: V167QI9I69W364E2DY52 | Long             | EC               | CORP              | US        |      39274 | NS      | $5676663.96   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Incyte Corp                                          | Incyte Corp                                                                 | CUSIP: 45337C102<br>LEI: 549300Z4WN6JVZ3T4680 | Long             | EC               | CORP              | US        |      22324 | NS      | $1893298.44   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Ur-Energy Inc                                        | Ur-Energy Inc                                                               | CUSIP: 91688R108<br>LEI: 5493004ZEMNWEC7T6X93 | Long             | EC               | CORP              | CA        |     447043 | NS      | $800206.97    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Movado Group Inc                                     | Movado Group Inc                                                            | CUSIP: 624580106<br>LEI: 549300WCGCGPWGHVXM59 | Short            | EC               | CORP              | US        |       -584 | NS      | $-11078.48    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| United Tractors Tbk PT                               | United Tractors Tbk PT                                                      | CUSIP: 000000000<br>LEI: 529900N9ELYOWQV4FW14 | Long             | EC               | CORP              | ID        |     247700 | NS      | $398788.47    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Select Water Solutions Inc                           | Select Water Solutions Inc                                                  | CUSIP: 81617J301<br>LEI: 54930094OK8LA3QDW486 | Long             | EC               | CORP              | US        |      25080 | NS      | $268105.20    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| WaterBridge Infrastructure LLC                       | WaterBridge Infrastructure LLC                                              | CUSIP: 940923105<br>LEI: N/A                  | Short            | EC               | CORP              | US        |       -919 | NS      | $-23177.18    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| ICU Medical Inc                                      | ICU Medical Inc                                                             | CUSIP: 44930G107<br>LEI: 5493003NRW7LS2QZRH60 | Short            | EC               | CORP              | US        |      -1033 | NS      | $-123918.68   | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Old Second Bancorp Inc                               | Old Second Bancorp Inc                                                      | CUSIP: 680277100<br>LEI: 549300XVJC1MPUT81C04 | Long             | EC               | CORP              | US        |       3498 | NS      | $60462.93     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Seaboard Corp                                        | Seaboard Corp                                                               | CUSIP: 811543107<br>LEI: 87Q3KOXT29OW9W9YPT70 | Short            | EC               | CORP              | US        |         -2 | NS      | $-7294.00     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Berkshire Hathaway Inc                               | Berkshire Hathaway Inc                                                      | CUSIP: 084670702<br>LEI: 5493000C01ZX7D35SD85 | Long             | EC               | CORP              | US        |      16036 | NS      | $8061938.64   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Freshworks Inc                                       | Freshworks Inc                                                              | CUSIP: 358054104<br>LEI: 254900ULRGCUEIK0K191 | Long             | EC               | CORP              | US        |       2168 | NS      | $25517.36     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| HealthStream Inc                                     | HealthStream Inc                                                            | CUSIP: 42222N103<br>LEI: 529900OJ88H8635JNH64 | Short            | EC               | CORP              | US        |       -354 | NS      | $-9996.96     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Texas Roadhouse Inc                                  | Texas Roadhouse Inc                                                         | CUSIP: 882681109<br>LEI: 5299002Y1CNRPDGXTQ75 | Long             | EC               | CORP              | US        |       5967 | NS      | $991417.05    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| DoorDash Inc                                         | DoorDash Inc                                                                | CUSIP: 25809K105<br>LEI: 549300NUQ43FGGSK5051 | Long             | EC               | CORP              | US        |       6847 | NS      | $1862315.53   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Janus Henderson Group PLC                            | Janus Henderson Group PLC                                                   | CUSIP: 000000000<br>LEI: 2138009WPYMWJN3RVF44 | Long             | EC               | CORP              | JE        |       7581 | NS      | $337430.31    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| First Solar Inc                                      | First Solar Inc                                                             | CUSIP: 336433107<br>LEI: 549300NPYMLM4NHTOF27 | Short            | EC               | CORP              | US        |      -3500 | NS      | $-771855.00   | -0.05%            |  |  |  | No            |                  1 | On Loan: No      |
| Coeur Mining Inc                                     | Coeur Mining Inc                                                            | CUSIP: 192108504<br>LEI: 5493003AVK173D48DR70 | Long             | EC               | CORP              | US        |      59000 | NS      | $1106835.50   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Mercantile Exchange                          | JPN YEN CURR FUT DEC25                                                      | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DFE              |  | US        |        -68 | NC      | $40941.44     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Legalzoom.com Inc                                    | Legalzoom.com Inc                                                           | CUSIP: 52466B103<br>LEI: 5493000L8EBF74Y9JZ48 | Short            | EC               | CORP              | US        |      -8434 | NS      | $-87544.92    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Nathan's Famous Inc                                  | Nathan's Famous Inc                                                         | CUSIP: 632347100<br>LEI: 54930034SKNSF1JIE673 | Long             | EC               | CORP              | US        |       2815 | NS      | $311733.10    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| CEVA Inc                                             | CEVA Inc                                                                    | CUSIP: 157210105<br>LEI: 529900G9T7CVU2J2VU73 | Short            | EC               | CORP              | US        |       -413 | NS      | $-10907.33    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| First Citizens BancShares Inc/NC                     | First Citizens BancShares Inc/NC                                            | CUSIP: 31946M103<br>LEI: 549300N3Z00ZHE2XC526 | Long             | EC               | CORP              | US        |        136 | NS      | $243325.76    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Atlas Copco AB                                       | Atlas Copco AB                                                              | CUSIP: 000000000<br>LEI: 213800T8PC8Q4FYJZR07 | Long             | EC               | CORP              | SE        |     251200 | NS      | $4277474.05   | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Penn Entertainment Inc                               | Penn Entertainment Inc                                                      | CUSIP: 707569109<br>LEI: N/A                  | Short            | EC               | CORP              | US        |     -14926 | NS      | $-287474.76   | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| MX2 MINING INC                                       | MX2 MINING INC                                                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |     198300 | NS      | $71243.80     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Shoe Carnival Inc                                    | Shoe Carnival Inc                                                           | CUSIP: 824889109<br>LEI: N/A                  | Short            | EC               | CORP              | US        |      -7998 | NS      | $-166278.42   | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| TransDigm Group Inc                                  | TransDigm Group Inc                                                         | CUSIP: 893641100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       4578 | NS      | $6033895.56   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| RH                                                   | RH                                                                          | CUSIP: 74967X103<br>LEI: 5493008MTS3OGGMHGK69 | Short            | EC               | CORP              | US        |      -1443 | NS      | $-293159.88   | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| Cellebrite DI Ltd                                    | Cellebrite DI Ltd                                                           | CUSIP: 000000000<br>LEI: 254900G03462YGP1IO36 | Short            | EC               | CORP              | IL        |       -325 | NS      | $-6022.25     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Netflix Inc                                          | Netflix Inc                                                                 | CUSIP: 64110L106<br>LEI: 549300Y7VHGU0I7CE873 | Long             | EC               | CORP              | US        |       5071 | NS      | $6079723.32   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Cadence Design Systems Inc                           | Cadence Design Systems Inc                                                  | CUSIP: 127387108<br>LEI: GCT7RXJOGLXPV0NXZY22 | Long             | EC               | CORP              | US        |        360 | NS      | $126453.60    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Axcelis Technologies Inc                             | Axcelis Technologies Inc                                                    | CUSIP: 054540208<br>LEI: 529900HF9B6NL1QG9F05 | Short            | EC               | CORP              | US        |        -33 | NS      | $-3222.12     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Ollie's Bargain Outlet Holdings Inc                  | Ollie's Bargain Outlet Holdings Inc                                         | CUSIP: 681116109<br>LEI: 529900YO5DSQCPEFDZ05 | Short            | EC               | CORP              | US        |     -13192 | NS      | $-1693852.80  | -0.12%            |  |  |  | No            |                  1 | On Loan: No      |
| Resideo Technologies Inc                             | Resideo Technologies Inc                                                    | CUSIP: 76118Y104<br>LEI: 5493006TKFPYISY2DS54 | Short            | EC               | CORP              | US        |       -984 | NS      | $-42489.12    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Paymentus Holdings Inc                               | Paymentus Holdings Inc                                                      | CUSIP: 70439P108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       3345 | NS      | $102357.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| American Superconductor Corp                         | American Superconductor Corp                                                | CUSIP: 030111207<br>LEI: 549300S9YT8Z8LOK4452 | Short            | EC               | CORP              | US        |      -3273 | NS      | $-194383.47   | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Hankook & Co Co Ltd                                  | Hankook & Co Co Ltd                                                         | CUSIP: 000000000<br>LEI: 549300ET8LEWSPTMRK47 | Long             | EC               | CORP              | KR        |      54784 | NS      | $898849.47    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| National Storage Affiliates Trust                    | National Storage Affiliates Trust                                           | CUSIP: 637870106<br>LEI: 529900FS06O8GOYNR108 | Short            | EC               |  | US        |      -7012 | NS      | $-211902.64   | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Intuitive Surgical Inc                               | Intuitive Surgical Inc                                                      | CUSIP: 46120E602<br>LEI: 54930052SRG011710797 | Long             | EC               | CORP              | US        |       1661 | NS      | $742849.03    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Nu Skin Enterprises Inc                              | Nu Skin Enterprises Inc                                                     | CUSIP: 67018T105<br>LEI: 54930050DETB6CP71D38 | Short            | EC               | CORP              | US        |      -3377 | NS      | $-41165.63    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Organon & Co                                         | Organon & Co                                                                | CUSIP: 68622V106<br>LEI: 549300AMCKY57OK2CO56 | Short            | EC               | CORP              | US        |     -12447 | NS      | $-132933.96   | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| 5N Plus Inc                                          | 5N Plus Inc                                                                 | CUSIP: 33833X101<br>LEI: 5493005GU1NFX4YB2S73 | Short            | EC               | CORP              | CA        |     -28600 | NS      | $-349562.41   | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| Dycom Industries Inc                                 | Dycom Industries Inc                                                        | CUSIP: 267475101<br>LEI: 549300F56EKTHQI3WT60 | Long             | EC               | CORP              | US        |        750 | NS      | $218820.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Etalon Group PLC                                     | Etalon Group PLC                                                            | CUSIP: 29760G103<br>LEI: 213800U2O9SKHOYSDY32 | Long             | EC               | CORP              | CY        |      84223 | NS      | $0.00         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Dominion Lending Centres Inc                         | Dominion Lending Centres Inc                                                | CUSIP: 257414102<br>LEI: 549300F0HTI23F102S08 | Long             | EC               | CORP              | CA        |      37000 | NS      | $284472.23    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| KGHM Polska Miedz SA                                 | KGHM Polska Miedz SA                                                        | CUSIP: 000000000<br>LEI: G30CO71KTT9JDYJESN22 | Long             | EC               | CORP              | PL        |       7364 | NS      | $324880.32    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Centuri Holdings Inc                                 | Centuri Holdings Inc                                                        | CUSIP: 155923105<br>LEI: N/A                  | Short            | EC               | CORP              | US        |       -479 | NS      | $-10140.43    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| First Advantage Corp                                 | First Advantage Corp                                                        | CUSIP: 31846B108<br>LEI: 549300RNJ0PXU8FP7D06 | Long             | EC               | CORP              | US        |      42834 | NS      | $659215.26    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Xylem Inc/NY                                         | Xylem Inc/NY                                                                | CUSIP: 98419M100<br>LEI: 549300DF5MV96DRYLQ48 | Long             | EC               | CORP              | US        |       2518 | NS      | $371405.00    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Ecolab Inc                                           | Ecolab Inc                                                                  | CUSIP: 278865100<br>LEI: 82DYEISM090VG8LTLS26 | Long             | EC               | CORP              | US        |         58 | NS      | $15883.88     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Mastercard Inc                                       | Mastercard Inc                                                              | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               | CORP              | US        |         28 | NS      | $15926.68     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Schroders PLC                                        | Schroders PLC                                                               | CUSIP: 000000000<br>LEI: 2138001YYBULX5SZ2H24 | Long             | EC               | CORP              | GB        |     254442 | NS      | $1288910.34   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| M3-Brigade Acquisition V Corp                        | M3-Brigade Acquisition V Corp                                               | CUSIP: 000000000<br>LEI: N/A                  | Short            | EC               | CORP              | KY        |     -49550 | NS      | $-522752.50   | -0.04%            |  |  |  | No            |                  1 | On Loan: No      |
| First Pacific Co Ltd                                 | First Pacific Co Ltd                                                        | CUSIP: 000000000<br>LEI: 254900VS1MDQSDM9DE09 | Long             | EC               | CORP              | BM        |     473000 | NS      | $396738.81    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Popular Inc                                          | Popular Inc                                                                 | CUSIP: 733174700<br>LEI: 5493008CARDZMVQ3LO89 | Long             | EC               | CORP              | PR        |       5044 | NS      | $640638.44    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Booz Allen Hamilton Holding Corp                     | Booz Allen Hamilton Holding Corp                                            | CUSIP: 099502106<br>LEI: 529900JPV47PIUWMA015 | Long             | EC               | CORP              | US        |       6163 | NS      | $615991.85    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Sally Beauty Holdings Inc                            | Sally Beauty Holdings Inc                                                   | CUSIP: 79546E104<br>LEI: 529900VXW6E8ONDIQ271 | Short            | EC               | CORP              | US        |      -7401 | NS      | $-120488.28   | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Tidewater Inc                                        | Tidewater Inc                                                               | CUSIP: 88642R109<br>LEI: 2549000JA5GRUPLMUH98 | Long             | EC               | CORP              | US        |      24984 | NS      | $1332396.72   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadcom Inc                                         | Broadcom Inc                                                                | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |      12062 | NS      | $3979374.42   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of America Corp                                 | Bank of America Corp                                                        | CUSIP: 060505104<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EC               | CORP              | US        |      22366 | NS      | $1153861.94   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Eurex Deutschland                                    | STOXX EUROPE 600 DEC25                                                      | CUSIP: 000000000<br>LEI: 529900LN3S50JPU47S06 | N/A              | DE               |  | DE        |       -108 | NC      | $-4639.85     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Korea Electric Power Corp                            | Korea Electric Power Corp                                                   | CUSIP: 500631106<br>LEI: 988400QG33WS7JEIV602 | Long             | EC               | CORP              | KR        |      66802 | NS      | $871766.10    | 0.06%             |  |  |  | No            |                  1 | On Loan: —       |
| Arhaus Inc                                           | Arhaus Inc                                                                  | CUSIP: 04035M102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     113911 | NS      | $1210873.93   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| UR ENERGY INC                                        | UR ENERGY INC                                                               | CUSIP: 91688R132<br>LEI: 5493004ZEMNWEC7T6X93 | N/A              | DE               |  | CA        |      50000 | NS      | $25341.40     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Kyndryl Holdings Inc                                 | Kyndryl Holdings Inc                                                        | CUSIP: 50155Q100<br>LEI: 549300LQ4LWX2R8ZV130 | Long             | EC               | CORP              | US        |       8589 | NS      | $257927.67    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | ISHARES SILVER TRUST                                                        | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |       -565 | NC      | $-11865.00    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Unum Group                                           | Unum Group                                                                  | CUSIP: 91529Y106<br>LEI: 549300E32YFDO6TZ8R31 | Long             | EC               | CORP              | US        |        202 | NS      | $15711.56     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Liberty Broadband Corp                               | Liberty Broadband Corp                                                      | CUSIP: 530307305<br>LEI: 549300MIX43II8JLN536 | Short            | EC               | CORP              | US        |      -8907 | NS      | $-565950.78   | -0.04%            |  |  |  | No            |                  1 | On Loan: No      |
| Assurant Inc                                         | Assurant Inc                                                                | CUSIP: 04621X108<br>LEI: H3F39CAXWQRVWURFXL38 | Short            | EC               | CORP              | US        |        -14 | NS      | $-3032.40     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| HEICO Corp                                           | HEICO Corp                                                                  | CUSIP: 422806109<br>LEI: 529900O1DTDLCJ7L0I14 | Long             | EC               | CORP              | US        |        129 | NS      | $41643.78     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| SoFi Technologies Inc                                | SoFi Technologies Inc                                                       | CUSIP: 83406F102<br>LEI: 549300SW81JCMVZDDY09 | Long             | EC               | CORP              | US        |        842 | NS      | $22245.64     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Paycom Software Inc                                  | Paycom Software Inc                                                         | CUSIP: 70432V102<br>LEI: 254900LSB0HNJUDC6Q18 | Short            | EC               | CORP              | US        |       -114 | NS      | $-23727.96    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Norwegian Cruise Line Holdings Ltd                   | Norwegian Cruise Line Holdings Ltd                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BM        |     129849 | NS      | $3198180.87   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Erie Indemnity Co                                    | Erie Indemnity Co                                                           | CUSIP: 29530P102<br>LEI: 549300WA5KP94KRUFZ80 | Short            | EC               | CORP              | US        |       -161 | NS      | $-51223.76    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| EBET INC.                                            | EBET INC.                                                                   | CUSIP: 000000000<br>LEI: 549300SFUTRB5C1ZRU05 | N/A              | DE               |  | US        |        266 | NS      | $0.27         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. LLC                             | CALB ORD H                                                                  | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               |  | CN        |    1832094 | OU      | $133097.41    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Options Clearing Corp.                               | SPDR S+P 500 ETF TRUST                                                      | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |        113 | NC      | $54805.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Tesla Inc                                            | Tesla Inc                                                                   | CUSIP: 88160R101<br>LEI: 54930043XZGB27CTOV49 | Long             | EC               | CORP              | US        |      11859 | NS      | $5273934.48   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Thor Industries Inc                                  | Thor Industries Inc                                                         | CUSIP: 885160101<br>LEI: 254900XZO1228PDSG060 | Short            | EC               | CORP              | US        |      -4225 | NS      | $-438090.25   | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| Zumiez Inc                                           | Zumiez Inc                                                                  | CUSIP: 989817101<br>LEI: 549300J0PDF58P6HZD25 | Short            | EC               | CORP              | US        |      -1351 | NS      | $-26493.11    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Inpex Corp                                           | Inpex Corp                                                                  | CUSIP: 000000000<br>LEI: 353800VHYYADPR6MXQ47 | Long             | EC               | CORP              | JP        |      47900 | NS      | $861525.91    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| DRDGOLD Ltd                                          | DRDGOLD Ltd                                                                 | CUSIP: 26152H301<br>LEI: 529900Z0P3GRRN23MG34 | Short            | EC               | CORP              | ZA        |       -854 | NS      | $-23570.40    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Oriental Holdings BHD                                | Oriental Holdings BHD                                                       | CUSIP: 000000000<br>LEI: 549300WBMDZXMUQT2I82 | Long             | EC               | CORP              | MY        |     370600 | NS      | $604712.91    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| ASANTE GOLD CORPORATION                              | ASANTE GOLD CORPORATION                                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |     450000 | NS      | $759862.04    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley & Co. LLC                             | NORDEX ORD                                                                  | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               |  | DE        |     807222 | OU      | $-89322.87    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Mister Car Wash Inc                                  | Mister Car Wash Inc                                                         | CUSIP: 60646V105<br>LEI: N/A                  | Short            | EC               | CORP              | US        |       -363 | NS      | $-1934.79     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Landbridge Co LLC                                    | Landbridge Co LLC                                                           | CUSIP: 514952100<br>LEI: N/A                  | Short            | EC               | CORP              | US        |     -13361 | NS      | $-712809.35   | -0.05%            |  |  |  | No            |                  1 | On Loan: No      |
| Puregold Price Club Inc                              | Puregold Price Club Inc                                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | PH        |     587400 | NS      | $423935.06    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | ZOOMINFO TECHNOLOGIES INC                                                   | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |        319 | NC      | $17545.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Intel Corp                                           | Intel Corp                                                                  | CUSIP: 458140100<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | EC               | CORP              | US        |      82694 | NS      | $2774383.70   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Medpace Holdings Inc                                 | Medpace Holdings Inc                                                        | CUSIP: 58506Q109<br>LEI: 549300H8TYEUVTW14A54 | Long             | EC               | CORP              | US        |       2528 | NS      | $1299796.48   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Knight-Swift Transportation Holdings Inc             | Knight-Swift Transportation Holdings Inc                                    | CUSIP: 499049104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |        357 | NS      | $14105.07     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| KITS Eyecare Ltd                                     | KITS Eyecare Ltd                                                            | CUSIP: 49804N104<br>LEI: 254900QPUEPAYH33G850 | Short            | EC               | CORP              | CA        |     -18800 | NS      | $-219380.61   | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| Green Dot Corp                                       | Green Dot Corp                                                              | CUSIP: 39304D102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      14153 | NS      | $190074.79    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Corebridge Financial Inc                             | Corebridge Financial Inc                                                    | CUSIP: 21871X109<br>LEI: 549300XY1661QCIA7J65 | Long             | EC               | CORP              | US        |       2738 | NS      | $87752.90     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Crocs Inc                                            | Crocs Inc                                                                   | CUSIP: 227046109<br>LEI: 549300B0J6YCXD63OG72 | Long             | EC               | CORP              | US        |       2612 | NS      | $218232.60    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Central Puerto SA                                    | Central Puerto SA                                                           | CUSIP: 155038201<br>LEI: 2549005JLIWQ6B7VNR38 | Short            | EC               | CORP              | AR        |       -360 | NS      | $-2883.60     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Golden Agri-Resources Ltd                            | Golden Agri-Resources Ltd                                                   | CUSIP: 000000000<br>LEI: 529900GAK9LTNC3IFY40 | Long             | EC               | CORP              | MU        |   16155300 | NS      | $3692343.01   | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| Gazprom PJSC                                         | Gazprom PJSC                                                                | CUSIP: 000000000<br>LEI: 213800FD9J2IHTA7YX78 | Long             | EC               | CORP              | RU        |    1409587 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Protagonist Therapeutics Inc                         | Protagonist Therapeutics Inc                                                | CUSIP: 74366E102<br>LEI: N/A                  | Short            | EC               | CORP              | US        |      -2539 | NS      | $-168665.77   | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| SS&C Technologies Holdings Inc                       | SS&C Technologies Holdings Inc                                              | CUSIP: 78467J100<br>LEI: 529900POY8H7NPPNKK71 | Long             | EC               | CORP              | US        |       3776 | NS      | $335157.76    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Hong Leong Financial Group Bhd                       | Hong Leong Financial Group Bhd                                              | CUSIP: 000000000<br>LEI: 549300EGI40XD5GGWS62 | Long             | EC               | CORP              | MY        |      13100 | NS      | $53551.83     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Bright Horizons Family Solutions Inc                 | Bright Horizons Family Solutions Inc                                        | CUSIP: 109194100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       1422 | NS      | $154386.54    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Liquidia Corp                                        | Liquidia Corp                                                               | CUSIP: 53635D202<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      49500 | NS      | $1125630.00   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Phreesia Inc                                         | Phreesia Inc                                                                | CUSIP: 71944F106<br>LEI: 5493000HHF8NU4QOCG53 | Long             | EC               | CORP              | US        |      98208 | NS      | $2309852.16   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| SailPoint Inc                                        | SailPoint Inc                                                               | CUSIP: 78781J109<br>LEI: N/A                  | Short            | EC               | CORP              | US        |      -3647 | NS      | $-80525.76    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Carnival Corp                                        | Carnival Corp                                                               | CUSIP: 143658300<br>LEI: F1OF2ZSX47CR0BCWA982 | Short            | EC               | CORP              | PA        |      -6390 | NS      | $-184734.90   | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Rocket Cos Inc                                       | Rocket Cos Inc                                                              | CUSIP: 77311W101<br>LEI: N/A                  | Short            | EC               | CORP              | US        |     -29330 | NS      | $-568415.40   | -0.04%            |  |  |  | No            |                  1 | On Loan: No      |
| DYE & DURHAM LIMITED                                 | Dye & Durham Ltd                                                            | CUSIP: 267488AA2<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |    1085000 | PA      | $773385.07    | 0.05%             | 2026-03-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| GS Holdings Corp                                     | GS Holdings Corp                                                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |      23911 | NS      | $782661.17    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| SandRidge Energy Inc                                 | SandRidge Energy Inc                                                        | CUSIP: 80007P869<br>LEI: W1MKPVGS6I5155L7VV67 | Short            | EC               | CORP              | US        |       -943 | NS      | $-10637.04    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Cheesecake Factory Inc/The                           | Cheesecake Factory Inc/The                                                  | CUSIP: 163072101<br>LEI: 529900872XMLK10SY247 | Short            | EC               | CORP              | US        |      -4004 | NS      | $-218778.56   | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| BlackBerry Ltd                                       | BlackBerry Ltd                                                              | CUSIP: 09228F103<br>LEI: 549300HJD8NEGT71RF07 | Long             | EC               | CORP              | CA        |     262819 | NS      | $1282274.20   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| PVH Corp                                             | PVH Corp                                                                    | CUSIP: 693656100<br>LEI: 123WALMHY1GZXG2YDL90 | Short            | EC               | CORP              | US        |      -2603 | NS      | $-218053.31   | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Nextdoor Holdings Inc                                | Nextdoor Holdings Inc                                                       | CUSIP: 65345M108<br>LEI: N/A                  | Short            | EC               | CORP              | US        |      -6401 | NS      | $-13378.09    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Seabridge Gold Inc                                   | Seabridge Gold Inc                                                          | CUSIP: 811916105<br>LEI: 9845003FEO1A66376A92 | Long             | EC               | CORP              | CA        |     104006 | NS      | $2511744.90   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Anywhere Real Estate Inc                             | Anywhere Real Estate Inc                                                    | CUSIP: 75605Y106<br>LEI: 5493004HBTOTE9DI9P12 | Long             | EC               | CORP              | US        |      67827 | NS      | $718287.93    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Myers Industries Inc                                 | Myers Industries Inc                                                        | CUSIP: 628464109<br>LEI: 549300I2H9XMVTCW4Q51 | Short            | EC               | CORP              | US        |       -358 | NS      | $-6064.52     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Mercantile Exchange                          | CHF CURRENCY FUT DEC25                                                      | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DFE              |  | US        |         57 | NC      | $-23393.94    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Denison Mines Corp                                   | Denison Mines Corp                                                          | CUSIP: 248356107<br>LEI: 529900JWGSW17LJK6586 | Long             | EC               | CORP              | CA        |     549495 | NS      | $1511111.25   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | S+P 500 INDEX                                                               | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |         44 | NC      | $20240.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Helix Energy Solutions Group Inc                     | Helix Energy Solutions Group Inc                                            | CUSIP: 42330P107<br>LEI: 416AP2JOUTCWEGSOZW41 | Long             | EC               | CORP              | US        |     113381 | NS      | $743779.36    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Matrix Service Co                                    | Matrix Service Co                                                           | CUSIP: 576853105<br>LEI: 529900VYBKSX6HD2YW58 | Long             | EC               | CORP              | US        |      52464 | NS      | $686229.12    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Lineage Inc                                          | Lineage Inc                                                                 | CUSIP: 53566V106<br>LEI: N/A                  | Short            | EC               |  | US        |      -4705 | NS      | $-181801.20   | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| PG&E Corp                                            | PG&E Corp                                                                   | CUSIP: 69331C108<br>LEI: 8YQ2GSDWYZXO2EDN3511 | Long             | EC               | CORP              | US        |      50306 | NS      | $758614.48    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Eurex Deutschland                                    | EURO STOXX 50 DEC25                                                         | CUSIP: 000000000<br>LEI: 529900LN3S50JPU47S06 | N/A              | DE               |  | DE        |        480 | NC      | $784822.59    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Tactile Systems Technology Inc                       | Tactile Systems Technology Inc                                              | CUSIP: 87357P100<br>LEI: 54930069VDTITHOTKJ98 | Short            | EC               | CORP              | US        |       -154 | NS      | $-2131.36     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| BorgWarner Inc                                       | BorgWarner Inc                                                              | CUSIP: 099724106<br>LEI: 549300DSFX2IE88NSX47 | Long             | EC               | CORP              | US        |       7122 | NS      | $313083.12    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| VOLORIDGE TRADING AGGRESS FUND                       | VOLORIDGE TRADING AGGRESS FUND                                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     267805 | NS      | $31272541.20  | 2.14%             |  |  |  | No            |                  3 | On Loan: No      |
| Medical Properties Trust Inc                         | Medical Properties Trust Inc                                                | CUSIP: 58463J304<br>LEI: 254900U6E39J1MQCCY14 | Short            | EC               |  | US        |     -37140 | NS      | $-188299.80   | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Mission Produce Inc                                  | Mission Produce Inc                                                         | CUSIP: 60510V108<br>LEI: 54930016JOKVFT59L825 | Short            | EC               | CORP              | US        |     -18721 | NS      | $-225026.42   | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| East West Bancorp Inc                                | East West Bancorp Inc                                                       | CUSIP: 27579R104<br>LEI: 254900O4X656YXFOYB11 | Long             | EC               | CORP              | US        |        169 | NS      | $17990.05     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| H2O America                                          | H2O America                                                                 | CUSIP: 784305104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |        993 | NS      | $48359.10     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Pinnacle Financial Partners Inc                      | Pinnacle Financial Partners Inc                                             | CUSIP: 72346Q104<br>LEI: 54930098EZ8JMSAZGS24 | Long             | EC               | CORP              | US        |       9002 | NS      | $844297.58    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Western Copper & Gold Corp                           | Western Copper & Gold Corp                                                  | CUSIP: 95805V108<br>LEI: 529900DF4NXAM6X99014 | Long             | EC               | CORP              | CA        |     341385 | NS      | $677029.96    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Chime Financial Inc                                  | Chime Financial Inc                                                         | CUSIP: 16935C109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      60504 | NS      | $1220365.68   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| VOLORIDGE FUND, LP                                   | VOLORIDGE FUND, LP                                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | PF                | US        |      40083 | NS      | $6437443.07   | 0.44%             |  |  |  | Yes           |                  3 | On Loan: No      |
| ICE Futures U.S., Inc.                               | MSCI EAFE DEC25                                                             | CUSIP: 000000000<br>LEI: 5493004R83R1LVX2IL36 | N/A              | DE               |  | US        |        344 | NC      | $187373.36    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Brookfield Corp                                      | Brookfield Corp                                                             | CUSIP: 11271J107<br>LEI: C6J3FGIWG6MBDGTE8F80 | Long             | EC               | CORP              | CA        |       1445 | NS      | $99098.10     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| RPC Inc                                              | RPC Inc                                                                     | CUSIP: 749660106<br>LEI: N/A                  | Short            | EC               | CORP              | US        |      -7737 | NS      | $-36828.12    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Kyivstar Group Ltd                                   | Kyivstar Group Ltd                                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BM        |     105465 | NS      | $1318312.50   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| FedEx Corp                                           | FedEx Corp                                                                  | CUSIP: 31428X106<br>LEI: 549300E707U7WNPZN687 | Long             | EC               | CORP              | US        |       6864 | NS      | $1618599.84   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Veralto Corp                                         | Veralto Corp                                                                | CUSIP: 92338C103<br>LEI: 635400FJE6GSOJUSNY27 | Long             | EC               | CORP              | US        |       5177 | NS      | $551919.97    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Clarivate PLC                                        | Clarivate PLC                                                               | CUSIP: 000000000<br>LEI: 549300WDHIIODXFO0R55 | Long             | EC               | CORP              | JE        |      20455 | NS      | $78342.65     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Neurocrine Biosciences Inc                           | Neurocrine Biosciences Inc                                                  | CUSIP: 64125C109<br>LEI: 549300FECER0XBN49756 | Short            | EC               | CORP              | US        |      -3353 | NS      | $-470694.14   | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| WillScot Holdings Corp                               | WillScot Holdings Corp                                                      | CUSIP: 971378104<br>LEI: 549300HJ4VIXF476Q166 | Short            | EC               | CORP              | US        |      -4943 | NS      | $-104346.73   | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Abeona Therapeutics Inc                              | Abeona Therapeutics Inc                                                     | CUSIP: 00289Y206<br>LEI: 54930002Z8PIJRCB4576 | Short            | EC               | CORP              | US        |      -1701 | NS      | $-8981.28     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Synchrony Financial                                  | Synchrony Financial                                                         | CUSIP: 87165B103<br>LEI: 549300RS7EWPM9MA6C78 | Long             | EC               | CORP              | US        |       2342 | NS      | $166399.10    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Humacyte Inc                                         | Humacyte Inc                                                                | CUSIP: 44486Q103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      10469 | NS      | $18216.06     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Coty Inc                                             | Coty Inc                                                                    | CUSIP: 222070203<br>LEI: 549300BO9IWPF3S48F93 | Short            | EC               | CORP              | US        |     -32472 | NS      | $-131186.88   | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Pebblebrook Hotel Trust                              | Pebblebrook Hotel Trust                                                     | CUSIP: 70509V100<br>LEI: 5493004Q1NNH6JXCSI52 | Short            | EC               |  | US        |     -14985 | NS      | $-170679.15   | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Compass Inc                                          | Compass Inc                                                                 | CUSIP: 20464U100<br>LEI: 254900DMGQSTC3I2IM78 | Long             | EC               | CORP              | US        |        507 | NS      | $4071.21      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| West Japan Railway Co                                | West Japan Railway Co                                                       | CUSIP: 000000000<br>LEI: 353800QGUXHZ7EBCR121 | Long             | EC               | CORP              | JP        |      46200 | NS      | $1012790.74   | 0.07%             |  |  |  | No            |                  2 | On Loan: —       |
| Bel Fuse Inc                                         | Bel Fuse Inc                                                                | CUSIP: 077347300<br>LEI: 2549009L4XYDBRRY6X39 | Long             | EC               | CORP              | US        |        840 | NS      | $118456.80    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Goosehead Insurance Inc                              | Goosehead Insurance Inc                                                     | CUSIP: 38267D109<br>LEI: 549300WH5MBIWHJ9XY95 | Short            | EC               | CORP              | US        |     -24057 | NS      | $-1790321.94  | -0.12%            |  |  |  | No            |                  1 | On Loan: No      |
| Paylocity Holding Corp                               | Paylocity Holding Corp                                                      | CUSIP: 70438V106<br>LEI: 549300VH75FTB4DIEE07 | Long             | EC               | CORP              | US        |       1240 | NS      | $197494.80    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Mercantile Exchange                          | EURO FX CURR FUT DEC25                                                      | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DFE              |  | US        |        154 | NC      | $1282.82      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Hingham Institution For Savings The                  | Hingham Institution For Savings The                                         | CUSIP: 433323102<br>LEI: 2549009GDCGUR2T6KU55 | Short            | EC               | CORP              | US        |      -1160 | NS      | $-305984.80   | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| Match Group Inc                                      | Match Group Inc                                                             | CUSIP: 57667L107<br>LEI: 15OMOPB0A8K0EFUVD031 | Long             | EC               | CORP              | US        |      20273 | NS      | $716042.36    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| SBA Communications Corp                              | SBA Communications Corp                                                     | CUSIP: 78410G104<br>LEI: 5299001HX8ZN8Y8QIT49 | Long             | EC               |  | US        |         77 | NS      | $14887.95     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | S+P 500 INDEX                                                               | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |         86 | NC      | $49020.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Stratasys Ltd                                        | Stratasys Ltd                                                               | CUSIP: 000000000<br>LEI: 529900MU215GIP9SZ741 | Short            | EC               | CORP              | IL        |      -4620 | NS      | $-51744.00    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Arista Networks Inc                                  | Arista Networks Inc                                                         | CUSIP: 040413205<br>LEI: 635400H1WKBLOQERUU95 | Long             | EC               | CORP              | US        |      11467 | NS      | $1670856.57   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Tractor Supply Co                                    | Tractor Supply Co                                                           | CUSIP: 892356106<br>LEI: 549300OJ9VZHZRO6I137 | Short            | EC               | CORP              | US        |       -302 | NS      | $-17174.74    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Marzetti Company/The                                 | Marzetti Company/The                                                        | CUSIP: 513847103<br>LEI: 529900X4O13HED1ZAS58 | Short            | EC               | CORP              | US        |       -132 | NS      | $-22808.28    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| BASF SE                                              | BASF SE                                                                     | CUSIP: 000000000<br>LEI: 529900PM64WH8AF1E917 | Long             | EC               | CORP              | DE        |       6476 | NS      | $322789.11    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Domino's Pizza Inc                                   | Domino's Pizza Inc                                                          | CUSIP: 25754A201<br>LEI: 25490005ZWM1IF9UXU57 | Long             | EC               | CORP              | US        |       1056 | NS      | $455885.76    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Parker-Hannifin Corp                                 | Parker-Hannifin Corp                                                        | CUSIP: 701094104<br>LEI: 5493002CONDB4N2HKI23 | Long             | EC               | CORP              | US        |        100 | NS      | $75815.00     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Mercantile Exchange                          | NASD100 MICRO EMINDEC25                                                     | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DE               |  | US        |        -37 | NC      | $-40514.32    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Netskope Inc                                         | Netskope Inc                                                                | CUSIP: 64119N608<br>LEI: 254900CS525VJG6KO570 | Long             | EC               | CORP              | US        |      16900 | NS      | $384137.00    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Talkspace Inc                                        | Talkspace Inc                                                               | CUSIP: 87427V103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     220608 | NS      | $608878.08    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Fluence Energy Inc                                   | Fluence Energy Inc                                                          | CUSIP: 34379V103<br>LEI: 25490043LHZ97BT5PP29 | Long             | EC               | CORP              | US        |     151397 | NS      | $1635087.60   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| SLM Corp                                             | SLM Corp                                                                    | CUSIP: 78442P106<br>LEI: 4K8SLPBF5DXXGPW03H93 | Long             | EC               | CORP              | US        |       5854 | NS      | $162038.72    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Cross Country Healthcare Inc                         | Cross Country Healthcare Inc                                                | CUSIP: 227483104<br>LEI: 54930037L0NBIPZ5S663 | Short            | EC               | CORP              | US        |       -832 | NS      | $-11814.40    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Super Micro Computer Inc                             | Super Micro Computer Inc                                                    | CUSIP: 86800U302<br>LEI: 54930022CZO1N2UGVW07 | Short            | EC               | CORP              | US        |      -9959 | NS      | $-477434.46   | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| Alpha & Omega Semiconductor Ltd                      | Alpha & Omega Semiconductor Ltd                                             | CUSIP: 000000000<br>LEI: 5493001FE7J03YOV2V35 | Short            | EC               | CORP              | BM        |       -608 | NS      | $-16999.68    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Comstock Resources Inc                               | Comstock Resources Inc                                                      | CUSIP: 205768302<br>LEI: I03QQGEA4SS774AURI46 | Short            | EC               | CORP              | US        |     -10373 | NS      | $-205696.59   | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Hudbay Minerals Inc                                  | Hudbay Minerals Inc                                                         | CUSIP: 443628102<br>LEI: 894500LX3TMESP27BE29 | Long             | EC               | CORP              | CA        |      79815 | NS      | $1208953.22   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| LG Corp                                              | LG Corp                                                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |      44404 | NS      | $2289208.89   | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Verra Mobility Corp                                  | Verra Mobility Corp                                                         | CUSIP: 92511U102<br>LEI: 549300XX5EKGLR0M4152 | Long             | EC               | CORP              | US        |       2014 | NS      | $49745.80     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Grindr Inc                                           | Grindr Inc                                                                  | CUSIP: 39854F101<br>LEI: 254900J9EDQSYT0ERQ67 | Short            | EC               | CORP              | US        |      -3102 | NS      | $-46592.04    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Revolution Medicines Inc                             | Revolution Medicines Inc                                                    | CUSIP: 76155X100<br>LEI: 549300JU3X0LBCQ65892 | Short            | EC               | CORP              | US        |     -22910 | NS      | $-1069897.00  | -0.07%            |  |  |  | No            |                  1 | On Loan: No      |
| Opera Ltd                                            | Opera Ltd                                                                   | CUSIP: 68373M107<br>LEI: 5493001ULS7KDNNZ3W51 | Short            | EC               | CORP              | KY        |       -114 | NS      | $-2352.96     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | BILL HOLDINGS INC                                                           | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |       -145 | NC      | $-28855.00    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Corpay Inc                                           | Corpay Inc                                                                  | CUSIP: 219948106<br>LEI: 549300DG6RR0NQSFLN74 | Long             | EC               | CORP              | US        |       2489 | NS      | $716981.34    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| XPO Inc                                              | XPO Inc                                                                     | CUSIP: 983793100<br>LEI: 54930096DB9LCLPN7H13 | Short            | EC               | CORP              | US        |      -9447 | NS      | $-1221213.69  | -0.08%            |  |  |  | No            |                  1 | On Loan: No      |
| Hudbay Minerals Inc                                  | Hudbay Minerals Inc                                                         | CUSIP: 443628102<br>LEI: 894500LX3TMESP27BE29 | Long             | EC               | CORP              | CA        |      12036 | NS      | $182465.76    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Clearway Energy Inc                                  | Clearway Energy Inc                                                         | CUSIP: 18539C204<br>LEI: 549300LHAZ9HA9G3XC48 | Short            | EC               | CORP              | US        |       -544 | NS      | $-15368.00    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| TechnipFMC PLC                                       | TechnipFMC PLC                                                              | CUSIP: 000000000<br>LEI: 549300D5I93QWCJTCK36 | Long             | EC               | CORP              | GB        |      35162 | NS      | $1387140.90   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Kinder Morgan Inc                                    | Kinder Morgan Inc                                                           | CUSIP: 49456B101<br>LEI: 549300WR7IX8XE0TBO16 | Long             | EC               | CORP              | US        |        557 | NS      | $15768.67     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Construction Partners Inc                            | Construction Partners Inc                                                   | CUSIP: 21044C107<br>LEI: 549300MHLFL4E8JLZU44 | Short            | EC               | CORP              | US        |      -8417 | NS      | $-1068959.00  | -0.07%            |  |  |  | No            |                  1 | On Loan: No      |
| Certara Inc                                          | Certara Inc                                                                 | CUSIP: 15687V109<br>LEI: N/A                  | Short            | EC               | CORP              | US        |     -24754 | NS      | $-302493.88   | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| Cincinnati Financial Corp                            | Cincinnati Financial Corp                                                   | CUSIP: 172062101<br>LEI: 254900Q4WEDMZBOZ0002 | Long             | EC               | CORP              | US        |        550 | NS      | $86955.00     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Cresud SACIF y A                                     | Cresud SACIF y A                                                            | CUSIP: 226406106<br>LEI: 529900OJF9C0NUFNN613 | Short            | EC               | CORP              | AR        |      -1042 | NS      | $-9586.40     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Ciena Corp                                           | Ciena Corp                                                                  | CUSIP: 171779309<br>LEI: W0CZ7N0GH8UIGXDM1H41 | Long             | EC               | CORP              | US        |       1622 | NS      | $236276.74    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Acuity Inc                                           | Acuity Inc                                                                  | CUSIP: 00508Y102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |        948 | NS      | $326481.72    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Freeport-McMoRan Inc                                 | Freeport-McMoRan Inc                                                        | CUSIP: 35671D857<br>LEI: 549300IRDTHJQ1PVET45 | Long             | EC               | CORP              | US        |      36629 | NS      | $1436589.38   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| ServiceNow Inc                                       | ServiceNow Inc                                                              | CUSIP: 81762P102<br>LEI: 549300HJTQM36M0E1G39 | Long             | EC               | CORP              | US        |        510 | NS      | $469342.80    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| American Airlines Group Inc                          | American Airlines Group Inc                                                 | CUSIP: 02376R102<br>LEI: IWUQB36BXD6OWD6X4T14 | Short            | EC               | CORP              | US        |     -82621 | NS      | $-928660.04   | -0.06%            |  |  |  | No            |                  1 | On Loan: No      |
| Curtiss-Wright Corp                                  | Curtiss-Wright Corp                                                         | CUSIP: 231561101<br>LEI: TEL51ETZWP7D0ZM4X325 | Long             | EC               | CORP              | US        |         40 | NS      | $21717.60     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Sysco Corp                                           | Sysco Corp                                                                  | CUSIP: 871829107<br>LEI: 5RGWIFLMGH3YS7KWI652 | Long             | EC               | CORP              | US        |       4065 | NS      | $334712.10    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| MINERA ALAMOS INC                                    | MINERA ALAMOS INC                                                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |    3532200 | NS      | $1294274.53   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| BWX Technologies Inc                                 | BWX Technologies Inc                                                        | CUSIP: 05605H100<br>LEI: 549300NP85N265KWMS58 | Short            | EC               | CORP              | US        |       -133 | NS      | $-24521.21    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Affirm Holdings Inc                                  | Affirm Holdings Inc                                                         | CUSIP: 00827B106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       2312 | NS      | $168960.96    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Endava PLC                                           | Endava PLC                                                                  | CUSIP: 29260V105<br>LEI: 213800JJ6CRPCWCQVZ25 | Short            | EC               | CORP              | GB        |      -9391 | NS      | $-85458.10    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Diversified Royalty Corp                             | Diversified Royalty Corp                                                    | CUSIP: 255331100<br>LEI: 529900H2BDVJK7VFU363 | Short            | EC               | CORP              | CA        |     -33700 | NS      | $-90321.91    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity National Information Services Inc           | Fidelity National Information Services Inc                                  | CUSIP: 31620M106<br>LEI: 6WQI0GK1PRFVBA061U48 | Long             | EC               | CORP              | US        |      10084 | NS      | $664938.96    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| DraftKings Inc                                       | DraftKings Inc                                                              | CUSIP: 26142V105<br>LEI: 2549006G33IUL6IVOD83 | Long             | EC               | CORP              | US        |      19624 | NS      | $733937.60    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Vale SA                                              | Vale SA                                                                     | CUSIP: 91912E105<br>LEI: 254900SMTWBX7RU2SR20 | Long             | EC               | CORP              | BR        |        636 | NS      | $6906.96      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| AppLovin Corp                                        | AppLovin Corp                                                               | CUSIP: 03831W108<br>LEI: 549300LLVXMUAOL3SQ07 | Short            | EC               | CORP              | US        |      -1017 | NS      | $-730755.18   | -0.05%            |  |  |  | No            |                  1 | On Loan: No      |
| Sherwin-Williams Co/The                              | Sherwin-Williams Co/The                                                     | CUSIP: 824348106<br>LEI: Z15BMIOX8DDH0X2OBP21 | Long             | EC               | CORP              | US        |       2344 | NS      | $811633.44    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Fabrinet                                             | Fabrinet                                                                    | CUSIP: 000000000<br>LEI: 5493004TETZ6IYF7CV44 | Long             | EC               | CORP              | KY        |         97 | NS      | $35368.14     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Louisiana-Pacific Corp                               | Louisiana-Pacific Corp                                                      | CUSIP: 546347105<br>LEI: 549300C7E2UAO5BVRR75 | Long             | EC               | CORP              | US        |        914 | NS      | $81199.76     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| G-III Apparel Group Ltd                              | G-III Apparel Group Ltd                                                     | CUSIP: 36237H101<br>LEI: 529900O5KABM3R3SFM87 | Long             | EC               | CORP              | US        |        855 | NS      | $22751.55     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Dexcom Inc                                           | Dexcom Inc                                                                  | CUSIP: 252131107<br>LEI: 549300YSK3QDSFR5EU59 | Long             | EC               | CORP              | US        |        770 | NS      | $51813.30     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| International Paper Co                               | International Paper Co                                                      | CUSIP: 460146103<br>LEI: 824LMFJDH41EY779Q875 | Short            | EC               | CORP              | US        |      -2343 | NS      | $-108715.20   | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Zimvie Inc                                           | Zimvie Inc                                                                  | CUSIP: 98888T107<br>LEI: 549300GFKURT1J6XR665 | Long             | EC               | CORP              | US        |      36939 | NS      | $699624.66    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Glacier Bancorp Inc                                  | Glacier Bancorp Inc                                                         | CUSIP: 37637Q105<br>LEI: 549300SMJAUKZB5D7V74 | Short            | EC               | CORP              | US        |       -615 | NS      | $-29932.05    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Polaris Inc                                          | Polaris Inc                                                                 | CUSIP: 731068102<br>LEI: 549300QJSN8UVWN1EI78 | Short            | EC               | CORP              | US        |      -3799 | NS      | $-220835.87   | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| Itau Unibanco Holding SA                             | Itau Unibanco Holding SA                                                    | CUSIP: 465562106<br>LEI: 5493002W2IVG62O3ZJ94 | Long             | EC               | CORP              | BR        |       4773 | NS      | $35033.82     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Mercantile Exchange                          | BP CURRENCY FUT DEC25                                                       | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DFE              |  | US        |        104 | NC      | $-55683.68    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| General Electric Co                                  | General Electric Co                                                         | CUSIP: 369604301<br>LEI: 3C7474T6CDKPR9K6YT90 | Long             | EC               | CORP              | US        |      20319 | NS      | $6112361.58   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| PHA Co Ltd                                           | PHA Co Ltd                                                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |      27869 | NS      | $219506.99    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Trade Desk Inc/The                                   | Trade Desk Inc/The                                                          | CUSIP: 88339J105<br>LEI: 549300GXPD31VT3E0P46 | Short            | EC               | CORP              | US        |     -79228 | NS      | $-3882964.28  | -0.27%            |  |  |  | No            |                  1 | On Loan: No      |
| American Express Co                                  | American Express Co                                                         | CUSIP: 025816109<br>LEI: R4PP93JZOLY261QX3811 | Short            | EC               | CORP              | US        |       -186 | NS      | $-61781.76    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| SOMERSET ENERGY PARTNERS CORP                        | SOMERSET ENERGY PARTNERS CORP                                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |     130200 | NS      | $32744.13     | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Chong Kun Dang Pharmaceutical Corp                   | Chong Kun Dang Pharmaceutical Corp                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |      11841 | NS      | $694014.13    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Sterling Infrastructure Inc                          | Sterling Infrastructure Inc                                                 | CUSIP: 859241101<br>LEI: 549300RZIK6K1215XU51 | Short            | EC               | CORP              | US        |      -6606 | NS      | $-2243926.08  | -0.15%            |  |  |  | No            |                  1 | On Loan: No      |
| Deere & Co                                           | Deere & Co                                                                  | CUSIP: 244199105<br>LEI: PWFTNG3EI0Y73OXWDH08 | Long             | EC               | CORP              | US        |        188 | NS      | $85964.88     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| i-80 Gold Corp                                       | i-80 Gold Corp                                                              | CUSIP: 44955L106<br>LEI: 549300LFFIWIGUEXPK11 | Long             | EC               | CORP              | CA        |        100 | NS      | $95.57        | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Madrigal Pharmaceuticals Inc                         | Madrigal Pharmaceuticals Inc                                                | CUSIP: 558868105<br>LEI: 549300CHIMT2EUSNJB60 | Short            | EC               | CORP              | US        |      -2153 | NS      | $-987494.98   | -0.07%            |  |  |  | No            |                  1 | On Loan: No      |
| DigitalOcean Holdings Inc                            | DigitalOcean Holdings Inc                                                   | CUSIP: 25402D102<br>LEI: 549300EPISPY3RE3DL21 | Short            | EC               | CORP              | US        |     -34858 | NS      | $-1190749.28  | -0.08%            |  |  |  | No            |                  1 | On Loan: No      |
| Analog Devices Inc                                   | Analog Devices Inc                                                          | CUSIP: 032654105<br>LEI: GYVOE5EZ4GDAVTU4CQ61 | Long             | EC               | CORP              | US        |       3189 | NS      | $783537.30    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Integral Ad Science Holding Corp                     | Integral Ad Science Holding Corp                                            | CUSIP: 45828L108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      64178 | NS      | $652690.26    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| NuVista Energy Ltd                                   | NuVista Energy Ltd                                                          | CUSIP: 67072Q104<br>LEI: 549300MG32TDSM60SX75 | Long             | EC               | CORP              | CA        |      80100 | NS      | $925492.56    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Hayward Holdings Inc                                 | Hayward Holdings Inc                                                        | CUSIP: 421298100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     144465 | NS      | $2184310.80   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Charles Schwab Corp/The                              | Charles Schwab Corp/The                                                     | CUSIP: 808513105<br>LEI: 549300VSGCJ7E698NM85 | Long             | EC               | CORP              | US        |      28519 | NS      | $2722708.93   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| MetLife Inc                                          | MetLife Inc                                                                 | CUSIP: 59156R108<br>LEI: C4BXATY60WC6XEOZDX54 | Long             | EC               | CORP              | US        |        852 | NS      | $70179.24     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Chord Energy Corp                                    | Chord Energy Corp                                                           | CUSIP: 674215207<br>LEI: 529900FA4V2YNIKZ0M71 | Long             | EC               | CORP              | US        |        161 | NS      | $15998.57     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Vornado Realty Trust                                 | Vornado Realty Trust                                                        | CUSIP: 929042109<br>LEI: N/A                  | Short            | EC               |  | US        |     -16135 | NS      | $-653951.55   | -0.04%            |  |  |  | No            |                  1 | On Loan: No      |
| AdaptHealth Corp                                     | AdaptHealth Corp                                                            | CUSIP: 00653Q102<br>LEI: N/A                  | Short            | EC               | CORP              | US        |      -1309 | NS      | $-11715.55    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Blue Bird Corp                                       | Blue Bird Corp                                                              | CUSIP: 095306106<br>LEI: 5493004ZXJUUWQ65ER59 | Short            | EC               | CORP              | US        |     -28016 | NS      | $-1612320.80  | -0.11%            |  |  |  | No            |                  1 | On Loan: No      |
| Prestige Consumer Healthcare Inc                     | Prestige Consumer Healthcare Inc                                            | CUSIP: 74112D101<br>LEI: N/A                  | Short            | EC               | CORP              | US        |      -1152 | NS      | $-71884.80    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| MGM Resorts International                            | MGM Resorts International                                                   | CUSIP: 552953101<br>LEI: 54930066VBP7DZEGGJ87 | Long             | EC               | CORP              | US        |      14541 | NS      | $503991.06    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Business First Bancshares Inc                        | Business First Bancshares Inc                                               | CUSIP: 12326C105<br>LEI: 549300ILTC50KHDX4A08 | Long             | EC               | CORP              | US        |       5946 | NS      | $140385.06    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| F5 Inc                                               | F5 Inc                                                                      | CUSIP: 315616102<br>LEI: 54930015FPK9KT966303 | Long             | EC               | CORP              | US        |         53 | NS      | $17129.07     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Graham Holdings Co                                   | Graham Holdings Co                                                          | CUSIP: 384637104<br>LEI: 529900BOSCEEEMAFQJ29 | Long             | EC               | CORP              | US        |         17 | NS      | $20014.27     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Korean Air Lines Co Ltd                              | Korean Air Lines Co Ltd                                                     | CUSIP: 000000000<br>LEI: 988400C2UFBF4B660C58 | Long             | EC               | CORP              | KR        |      20635 | NS      | $335729.10    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Snowflake Inc                                        | Snowflake Inc                                                               | CUSIP: 833445109<br>LEI: 254900CJNSY1K7T53Z16 | Long             | EC               | CORP              | US        |      28990 | NS      | $6538694.50   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| AerCap Holdings NV                                   | AerCap Holdings NV                                                          | CUSIP: 000000000<br>LEI: 549300SZYINBBLJQU475 | Long             | EC               | CORP              | NL        |       1662 | NS      | $201102.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Meta Platforms Inc                                   | Meta Platforms Inc                                                          | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |      36906 | NS      | $27103028.28  | 1.86%             |  |  |  | No            |                  1 | On Loan: No      |
| First Financial Bankshares Inc                       | First Financial Bankshares Inc                                              | CUSIP: 32020R109<br>LEI: 549300XN3GTGOENGNV49 | Short            | EC               | CORP              | US        |      -3811 | NS      | $-128240.15   | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Pfizer Inc                                           | Pfizer Inc                                                                  | CUSIP: 717081103<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | EC               | CORP              | US        |      95221 | NS      | $2426231.08   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| VeriSign Inc                                         | VeriSign Inc                                                                | CUSIP: 92343E102<br>LEI: LMPL4N8ZOJRMF0KOF759 | Long             | EC               | CORP              | US        |       3249 | NS      | $908322.93    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Ross Stores Inc                                      | Ross Stores Inc                                                             | CUSIP: 778296103<br>LEI: 549300ENZFLPGRDFZQ60 | Long             | EC               | CORP              | US        |        432 | NS      | $65832.48     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Aecon Group Inc                                      | Aecon Group Inc                                                             | CUSIP: 00762V109<br>LEI: 549300VROCXVWXFR8B83 | Short            | EC               | CORP              | CA        |     -11300 | NS      | $-193408.06   | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| China Reinsurance Group Corp                         | China Reinsurance Group Corp                                                | CUSIP: 000000000<br>LEI: 300300F3000111000079 | Long             | EC               | CORP              | CN        |     459000 | NS      | $91518.18     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Gold Royalty Corp                                    | Gold Royalty Corp                                                           | CUSIP: 38071H106<br>LEI: 984500FC5D5B5YDB4B90 | Short            | EC               | CORP              | CA        |      -3350 | NS      | $-12931.00    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| First Solar Inc                                      | First Solar Inc                                                             | CUSIP: 336433107<br>LEI: 549300NPYMLM4NHTOF27 | Long             | EC               | CORP              | US        |      15126 | NS      | $3335736.78   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Verizon Communications Inc                           | Verizon Communications Inc                                                  | CUSIP: 92343V104<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | EC               | CORP              | US        |       1354 | NS      | $59508.30     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Angi Inc                                             | Angi Inc                                                                    | CUSIP: 00183L201<br>LEI: 5493003ENY577E6SZL06 | Short            | EC               | CORP              | US        |       -179 | NS      | $-2910.54     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Molina Healthcare Inc                                | Molina Healthcare Inc                                                       | CUSIP: 60855R100<br>LEI: 549300NQQCEQ46YHZ591 | Long             | EC               | CORP              | US        |       8518 | NS      | $1630004.48   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Sarepta Therapeutics Inc                             | Sarepta Therapeutics Inc                                                    | CUSIP: 803607100<br>LEI: 549300IKDPIED8J8IG21 | Long             | EC               | CORP              | US        |      12587 | NS      | $242551.49    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Oracle Corp                                          | Oracle Corp                                                                 | CUSIP: 68389X105<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | EC               | CORP              | US        |       7603 | NS      | $2138267.72   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Block Inc                                            | Block Inc                                                                   | CUSIP: 852234103<br>LEI: 549300OHIIUWSTIZME52 | Short            | EC               | CORP              | US        |       -901 | NS      | $-65115.27    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| CarMax Inc                                           | CarMax Inc                                                                  | CUSIP: 143130102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      13786 | NS      | $618577.82    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Bath & Body Works Inc                                | Bath & Body Works Inc                                                       | CUSIP: 070830104<br>LEI: GR3KVMWVCR54YWQNXU90 | Long             | EC               | CORP              | US        |       1762 | NS      | $45389.12     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Etsy Inc                                             | Etsy Inc                                                                    | CUSIP: 29786A106<br>LEI: 54930089Q7XT501AEA40 | Short            | EC               | CORP              | US        |      -3725 | NS      | $-247302.75   | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| Napco Security Technologies Inc                      | Napco Security Technologies Inc                                             | CUSIP: 630402105<br>LEI: 529900KV21J4YY9YST76 | Long             | EC               | CORP              | US        |      16178 | NS      | $694845.10    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Radian Group Inc                                     | Radian Group Inc                                                            | CUSIP: 750236101<br>LEI: 54930005OUP720S5U385 | Short            | EC               | CORP              | US        |       -557 | NS      | $-20174.54    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| KKR & Co Inc                                         | KKR & Co Inc                                                                | CUSIP: 48251W104<br>LEI: 54930013V5I303TF9571 | Long             | EC               | CORP              | US        |      24000 | NS      | $3118800.00   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Highlander Silver Corp                               | Highlander Silver Corp                                                      | CUSIP: 43087N204<br>LEI: 875500NW47V6ALTUO315 | Long             | EC               | CORP              | CA        |     865300 | NS      | $2667339.94   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Globe Life Inc                                       | Globe Life Inc                                                              | CUSIP: 37959E102<br>LEI: 5493001JFHKQOPP6XA71 | Long             | EC               | CORP              | US        |       3346 | NS      | $478377.62    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Seaport Entertainment Group Inc                      | Seaport Entertainment Group Inc                                             | CUSIP: 812215200<br>LEI: 2549006G3SN205YAST27 | Long             | EC               | CORP              | US        |      10011 | NS      | $229452.12    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Day One Biopharmaceuticals Inc                       | Day One Biopharmaceuticals Inc                                              | CUSIP: 23954D109<br>LEI: N/A                  | Short            | EC               | CORP              | US        |      -4157 | NS      | $-29306.85    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Orbia Advance Corp SAB de CV                         | Orbia Advance Corp SAB de CV                                                | CUSIP: 000000000<br>LEI: 549300MVHZ20SBIOEQ79 | Long             | EC               | CORP              | MX        |     538395 | NS      | $523004.73    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Man Group PLC/Jersey                                 | Man Group PLC/Jersey                                                        | CUSIP: 000000000<br>LEI: 2549003YWC1DW6LALB09 | Long             | EC               | CORP              | JE        |     139332 | NS      | $334261.13    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Henry Schein Inc                                     | Henry Schein Inc                                                            | CUSIP: 806407102<br>LEI: VGO3WGL8H45T73F4RR92 | Short            | EC               | CORP              | US        |       -226 | NS      | $-14999.62    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Argenx SE                                            | Argenx SE                                                                   | CUSIP: 04016X101<br>LEI: 7245009C5FZE6G9ODQ71 | Long             | EC               | CORP              | NL        |         20 | NS      | $14751.20     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Brown & Brown Inc                                    | Brown & Brown Inc                                                           | CUSIP: 115236101<br>LEI: 549300PC8KTJ71XKFY89 | Long             | EC               | CORP              | US        |      13000 | NS      | $1219270.00   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| JD.com Inc                                           | JD.com Inc                                                                  | CUSIP: 47215P106<br>LEI: 549300HVTWB0GJZ16V92 | Long             | EC               | CORP              | KY        |       7234 | NS      | $253045.32    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Boeing Co/The                                        | Boeing Co/The                                                               | CUSIP: 097023105<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | EC               | CORP              | US        |        777 | NS      | $167699.91    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Gitlab Inc                                           | Gitlab Inc                                                                  | CUSIP: 37637K108<br>LEI: 9845004Y40FACG81ED49 | Long             | EC               | CORP              | US        |      27001 | NS      | $1217205.08   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley & Co. LLC                             | LEGRAND ORD                                                                 | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               |  | FR        |     393032 | OU      | $45951.04     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Caleres Inc                                          | Caleres Inc                                                                 | CUSIP: 129500104<br>LEI: JFU6RQQJ8Z1CPOLBXQ18 | Short            | EC               | CORP              | US        |       -564 | NS      | $-7354.56     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Prysmian SpA                                         | Prysmian SpA                                                                | CUSIP: 000000000<br>LEI: 529900X0H1IO3RS1A464 | Long             | EC               | CORP              | IT        |      18021 | NS      | $1800012.10   | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Crowdstrike Holdings Inc                             | Crowdstrike Holdings Inc                                                    | CUSIP: 22788C105<br>LEI: 549300YBY08K9KM4HX32 | Long             | EC               | CORP              | US        |       8466 | NS      | $4151557.08   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| ICON PLC                                             | ICON PLC                                                                    | CUSIP: 000000000<br>LEI: 6354008SRQGEMC4XFI67 | Short            | EC               | CORP              | IE        |       -897 | NS      | $-156975.00   | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Lite Strategy Inc                                    | Lite Strategy Inc                                                           | CUSIP: 55279B301<br>LEI: 529900A43X33ON524197 | Long             | EC               | CORP              | US        |      34100 | NS      | $82522.00     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| GE Vernova Inc                                       | GE Vernova Inc                                                              | CUSIP: 36828A101<br>LEI: 254900DP080RU6OK2553 | Long             | EC               | CORP              | US        |       2483 | NS      | $1526796.70   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Guardian Pharmacy Services Inc                       | Guardian Pharmacy Services Inc                                              | CUSIP: 40145W101<br>LEI: N/A                  | Short            | EC               | CORP              | US        |       -462 | NS      | $-12118.26    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Blackstone Inc                                       | Blackstone Inc                                                              | CUSIP: 09260D107<br>LEI: 5299004LW4QWGZUB8Y96 | Long             | EC               | CORP              | US        |       2074 | NS      | $354342.90    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Gen Digital Inc                                      | Gen Digital Inc                                                             | CUSIP: 668771108<br>LEI: YF6ZV0M6AU4FY94MK914 | Long             | EC               | CORP              | US        |       7242 | NS      | $205600.38    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Ivanhoe Mines Ltd                                    | Ivanhoe Mines Ltd                                                           | CUSIP: 46579R104<br>LEI: 5299006XZISURYIA4G32 | Long             | EC               | CORP              | CA        |     209240 | NS      | $2219143.78   | 0.15%             |  |  |  | No            |                  1 | On Loan: —       |
| Elastic NV                                           | Elastic NV                                                                  | CUSIP: 000000000<br>LEI: 2549003I48WHHH937I59 | Long             | EC               | CORP              | NL        |       6408 | NS      | $541411.92    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Alamos Gold Inc                                      | Alamos Gold Inc                                                             | CUSIP: 011532108<br>LEI: 894500GIHFJZW7YS9660 | Short            | EC               | CORP              | CA        |     -37700 | NS      | $-1314095.71  | -0.09%            |  |  |  | No            |                  1 | On Loan: No      |
| Legend Biotech Corp                                  | Legend Biotech Corp                                                         | CUSIP: 52490G102<br>LEI: 254900EIUFZTW136H859 | Long             | EC               | CORP              | KY        |       5171 | NS      | $168626.31    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| SL Green Realty Corp                                 | SL Green Realty Corp                                                        | CUSIP: 78440X887<br>LEI: 549300VQZPJU97H3GT17 | Short            | EC               |  | US        |       -873 | NS      | $-52214.13    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Allstate Corp/The                                    | Allstate Corp/The                                                           | CUSIP: 020002101<br>LEI: OBT0W1ED8G0NWVOLOJ77 | Long             | EC               | CORP              | US        |         79 | NS      | $16957.35     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| ORGANIGRAM GLOBAL INC                                | ORGANIGRAM GLOBAL INC                                                       | CUSIP: 000000000<br>LEI: 529900J3EQ1VWW76L728 | N/A              | DE               |  | CA        |     337500 | NS      | $189676.36    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| American Public Education Inc                        | American Public Education Inc                                               | CUSIP: 02913V103<br>LEI: 254900GZNX6TJQGM4S17 | Long             | EC               | CORP              | US        |      10838 | NS      | $427775.86    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Firstsun Capital Bancorp                             | Firstsun Capital Bancorp                                                    | CUSIP: 33767U107<br>LEI: N/A                  | Short            | EC               | CORP              | US        |        -74 | NS      | $-2870.46     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| elf Beauty Inc                                       | elf Beauty Inc                                                              | CUSIP: 26856L103<br>LEI: 549300U2K9TCON25C029 | Short            | EC               | CORP              | US        |     -22202 | NS      | $-2941320.96  | -0.20%            |  |  |  | No            |                  1 | On Loan: No      |
| Progyny Inc                                          | Progyny Inc                                                                 | CUSIP: 74340E103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      46084 | NS      | $991727.68    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Impinj Inc                                           | Impinj Inc                                                                  | CUSIP: 453204109<br>LEI: 549300M26VGKSMMWWN17 | Short            | EC               | CORP              | US        |      -3436 | NS      | $-621057.00   | -0.04%            |  |  |  | No            |                  1 | On Loan: No      |
| Cencora Inc                                          | Cencora Inc                                                                 | CUSIP: 03073E105<br>LEI: AI8GXW8LG5WK7E9UD086 | Long             | EC               | CORP              | US        |        983 | NS      | $307216.99    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| ACV Auctions Inc                                     | ACV Auctions Inc                                                            | CUSIP: 00091G104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      60609 | NS      | $600635.19    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Mueller Industries Inc                               | Mueller Industries Inc                                                      | CUSIP: 624756102<br>LEI: 5493005IZFE4VJLLYG84 | Long             | EC               | CORP              | US        |       3898 | NS      | $394126.78    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| TETRA Technologies Inc                               | TETRA Technologies Inc                                                      | CUSIP: 88162F105<br>LEI: 549300T5W131705EK832 | Long             | EC               | CORP              | US        |     175380 | NS      | $1008435.00   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Mama's Creations Inc                                 | Mama's Creations Inc                                                        | CUSIP: 56146T103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      23046 | NS      | $242213.46    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Elme Communities                                     | Elme Communities                                                            | CUSIP: 939653101<br>LEI: 549300DI34BGS8LVKW95 | Short            | EC               |  | US        |       -521 | NS      | $-8784.06     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Oportun Financial Corp                               | Oportun Financial Corp                                                      | CUSIP: 68376D104<br>LEI: 549300351Y4J4FKIOR78 | Long             | EC               | CORP              | US        |      90541 | NS      | $558637.97    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| China Gas Holdings Ltd                               | China Gas Holdings Ltd                                                      | CUSIP: 000000000<br>LEI: 254900KTSZLZ21VV8T33 | Long             | EC               | CORP              | BM        |     333200 | NS      | $326262.48    | 0.02%             |  |  |  | No            |                  2 | On Loan: —       |
| Xeris Biopharma Holdings Inc                         | Xeris Biopharma Holdings Inc                                                | CUSIP: 98422E103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      87206 | NS      | $709856.84    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Atlas Energy Solutions Inc                           | Atlas Energy Solutions Inc                                                  | CUSIP: 642045108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      12473 | NS      | $141818.01    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Trillion Energy International Inc                    | Trillion Energy International Inc                                           | CUSIP: 89624B302<br>LEI: 529900M7WG804HT7TR70 | Long             | EC               | CORP              | CA        |     903135 | NS      | $8955.42      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Paladin Energy Ltd                                   | Paladin Energy Ltd                                                          | CUSIP: 000000000<br>LEI: 549300M44UTJAP8J6B37 | Long             | EC               | CORP              | AU        |     294777 | NS      | $1584344.30   | 0.11%             |  |  |  | No            |                  1 | On Loan: —       |
| Federated Hermes Inc                                 | Federated Hermes Inc                                                        | CUSIP: 314211103<br>LEI: R05X5UQ874RGFF7HHD84 | Long             | EC               | CORP              | US        |       1782 | NS      | $92539.26     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Phinia Inc                                           | Phinia Inc                                                                  | CUSIP: 71880K101<br>LEI: 254900HG6MORZE1FFM18 | Short            | EC               | CORP              | US        |      -9671 | NS      | $-555889.08   | -0.04%            |  |  |  | No            |                  1 | On Loan: No      |
| Sequans Communications SA                            | Sequans Communications SA                                                   | CUSIP: 817323306<br>LEI: 969500G8ZIY1D601KJ66 | Long             | EC               | CORP              | FR        |      13698 | NS      | $129583.08    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Eversept Global Healthcare Fund, LP                  | Eversept Global Healthcare Fund, LP                                         | CUSIP: 000000000<br>LEI: 549300PRAW2SZ10BKU31 | Long             | EC               | PF                | US        |     135811 | NS      | $23667183.64  | 1.62%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Donegal Group Inc                                    | Donegal Group Inc                                                           | CUSIP: 257701201<br>LEI: N/A                  | Short            | EC               | CORP              | US        |      -1143 | NS      | $-22162.77    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| LPL Financial Holdings Inc                           | LPL Financial Holdings Inc                                                  | CUSIP: 50212V100<br>LEI: 549300XROQ4Y8G2L7682 | Long             | EC               | CORP              | US        |       9000 | NS      | $2994210.00   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Roper Technologies Inc                               | Roper Technologies Inc                                                      | CUSIP: 776696106<br>LEI: 54930003T4SXCIWVXY35 | Long             | EC               | CORP              | US        |        151 | NS      | $75302.19     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Devon Energy Corp                                    | Devon Energy Corp                                                           | CUSIP: 25179M103<br>LEI: 54930042348RKR3ZPN35 | Long             | EC               | CORP              | US        |      11604 | NS      | $406836.24    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| NeoGenomics Inc                                      | NeoGenomics Inc                                                             | CUSIP: 64049M209<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     213229 | NS      | $1646127.88   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Northern Dynasty Minerals Ltd                        | Northern Dynasty Minerals Ltd                                               | CUSIP: 66510M204<br>LEI: 529900HEIYP56LE0EJ17 | Long             | EC               | CORP              | CA        |     752336 | NS      | $913593.33    | 0.06%             |  |  |  | No            |                  1 | On Loan: —       |
| Diversified Healthcare Trust                         | Diversified Healthcare Trust                                                | CUSIP: 25525P107<br>LEI: N/A                  | Short            | EC               |  | US        |      -5075 | NS      | $-22380.75    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Alexander's Inc                                      | Alexander's Inc                                                             | CUSIP: 014752109<br>LEI: 549300TZM28P04U5R635 | Short            | EC               |  | US        |       -327 | NS      | $-76678.23    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Valterra Platinum Ltd                                | Valterra Platinum Ltd                                                       | CUSIP: 000000000<br>LEI: 529900RORCZ0E5S5FX81 | Long             | EC               | CORP              | ZA        |      85552 | NS      | $6107919.02   | 0.42%             |  |  |  | No            |                  2 | On Loan: No      |
| Altria Group Inc                                     | Altria Group Inc                                                            | CUSIP: 02209S103<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | EC               | CORP              | US        |       9086 | NS      | $600221.16    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| TRILLION ENERGY INTERNATIONAL                        | TRILLION ENERGY INTERNATIONAL                                               | CUSIP: 89624BAA2<br>LEI: 529900M7WG804HT7TR70 | Long             | DBT              | CORP              | CA        |     453800 | PA      | $211949.41    | 0.01%             | 2025-07-31      | Fixed         | 12.00%                | Yes           |                  3 | On Loan: No      |
| Palo Alto Networks Inc                               | Palo Alto Networks Inc                                                      | CUSIP: 697435105<br>LEI: 549300QXR2YVZV231H43 | Long             | EC               | CORP              | US        |       6522 | NS      | $1328009.64   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Mercantile Exchange                          | S+P500 EMINI FUT DEC25                                                      | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DE               |  | US        |       -567 | NC      | $-2563167.85  | -0.18%            |  |  |  | No            |                  1 | On Loan: No      |
| Kilroy Realty Corp                                   | Kilroy Realty Corp                                                          | CUSIP: 49427F108<br>LEI: 549300CXXI18B214UN80 | Short            | EC               |  | US        |       -327 | NS      | $-13815.75    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Celanese Corp                                        | Celanese Corp                                                               | CUSIP: 150870103<br>LEI: 549300FHJQTDPPN41627 | Short            | EC               | CORP              | US        |      -6524 | NS      | $-274529.92   | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                               | US 10YR NOTE (CBT)DEC25                                                     | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |        475 | NC      | $385845.50    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| RadNet Inc                                           | RadNet Inc                                                                  | CUSIP: 750491102<br>LEI: 529900RECG94V2IZJ970 | Short            | EC               | CORP              | US        |      -6239 | NS      | $-475474.19   | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| TE Connectivity PLC                                  | TE Connectivity PLC                                                         | CUSIP: 000000000<br>LEI: 6367003TB6K484NFHE54 | Long             | EC               | CORP              | IE        |       1542 | NS      | $338515.26    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Concentrix Corp                                      | Concentrix Corp                                                             | CUSIP: 20602D101<br>LEI: 5493000EAJN1KMPVA737 | Long             | EC               | CORP              | US        |      13251 | NS      | $611533.65    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Cameco Corp                                          | Cameco Corp                                                                 | CUSIP: 13321L108<br>LEI: N4BHALMXL3GMZKCUON55 | Long             | EC               | CORP              | CA        |      17300 | NS      | $1451922.11   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| JB Hunt Transport Services Inc                       | JB Hunt Transport Services Inc                                              | CUSIP: 445658107<br>LEI: 549300XCD1MPI1C5GK90 | Long             | EC               | CORP              | US        |       3588 | NS      | $481401.96    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| North American Construction Group Ltd                | North American Construction Group Ltd                                       | CUSIP: 656811106<br>LEI: 549300DQ6060LO4XGI15 | Long             | EC               | CORP              | CA        |      41600 | NS      | $590954.95    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Fiverr International Ltd                             | Fiverr International Ltd                                                    | CUSIP: 000000000<br>LEI: 549300Z8OREY6THCPF67 | Short            | EC               | CORP              | IL        |      -3848 | NS      | $-93929.68    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Seadrill Ltd                                         | Seadrill Ltd                                                                | CUSIP: 000000000<br>LEI: 213800EQ6L456U2JCO89 | Short            | EC               | CORP              | BM        |      -2572 | NS      | $-77700.12    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Citizens Financial Group Inc                         | Citizens Financial Group Inc                                                | CUSIP: 174610105<br>LEI: 2138004JDDA4ZQUPFW65 | Long             | EC               | CORP              | US        |      10401 | NS      | $552917.16    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Discovery Silver Corp                                | Discovery Silver Corp                                                       | CUSIP: 254677107<br>LEI: 98450041CCB3E8QD3F53 | Long             | EC               | CORP              | CA        |      34300 | NS      | $127173.96    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Euronet Worldwide Inc                                | Euronet Worldwide Inc                                                       | CUSIP: 298736109<br>LEI: YG3575C4DSHJPA5KET68 | Long             | EC               | CORP              | US        |        171 | NS      | $15015.51     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | NCR VOYIX CORP                                                              | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |        139 | NC      | $34750.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Orion SA                                             | Orion SA                                                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | LU        |      51243 | NS      | $388421.94    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Science Applications International Corp              | Science Applications International Corp                                     | CUSIP: 808625107<br>LEI: 549300LZPNZIXQGZPZ48 | Long             | EC               | CORP              | US        |        148 | NS      | $14706.76     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Garrett Motion Inc                                   | Garrett Motion Inc                                                          | CUSIP: 366505105<br>LEI: 549300LS5WT7EMBNV724 | Long             | EC               | CORP              | US        |       8282 | NS      | $112800.84    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| PDF Solutions Inc                                    | PDF Solutions Inc                                                           | CUSIP: 693282105<br>LEI: 549300GMSP6MROFBI160 | Long             | EC               | CORP              | US        |      14832 | NS      | $382962.24    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Sociedad Quimica y Minera de Chile SA                | Sociedad Quimica y Minera de Chile SA                                       | CUSIP: 833635105<br>LEI: TJ88LXZZW5PWIN93ZC81 | Long             | EC               | CORP              | CL        |      14724 | NS      | $632837.52    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Dorman Products Inc                                  | Dorman Products Inc                                                         | CUSIP: 258278100<br>LEI: 2549000O0BBUX740XR59 | Short            | EC               | CORP              | US        |      -7036 | NS      | $-1096771.68  | -0.08%            |  |  |  | No            |                  1 | On Loan: No      |
| Piedmont Realty Trust Inc                            | Piedmont Realty Trust Inc                                                   | CUSIP: 720190206<br>LEI: N/A                  | Short            | EC               |  | US        |      -4527 | NS      | $-40743.00    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Zoom Communications Inc                              | Zoom Communications Inc                                                     | CUSIP: 98980L101<br>LEI: 549300T9GCHU0ODOM055 | Long             | EC               | CORP              | US        |      10781 | NS      | $889432.50    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| WideOpenWest Inc                                     | WideOpenWest Inc                                                            | CUSIP: 96758W101<br>LEI: 549300RM6J2BWWOFU889 | Short            | EC               | CORP              | US        |      -8927 | NS      | $-46063.32    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Live Nation Entertainment Inc                        | Live Nation Entertainment Inc                                               | CUSIP: 538034109<br>LEI: 5493007B9BM9ZXJINO78 | Long             | EC               | CORP              | US        |         25 | NS      | $4085.00      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Renasant Corp                                        | Renasant Corp                                                               | CUSIP: 75970E107<br>LEI: 549300OVE6OZHW2UUH81 | Short            | EC               | CORP              | US        |      -6772 | NS      | $-249819.08   | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs & Co. LLC                              | EQUITYTRS--USD-SOFR-COMPOUND-20260715                                       | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DE               |  | US        |    9845520 | OU      | $148030.29    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Unisys Corp                                          | Unisys Corp                                                                 | CUSIP: 909214306<br>LEI: 549300T21W22FIJJOW08 | Short            | EC               | CORP              | US        |      -1753 | NS      | $-6836.70     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Datadog Inc                                          | Datadog Inc                                                                 | CUSIP: 23804L103<br>LEI: 549300F6JNO0KRPO1K63 | Long             | EC               | CORP              | US        |      44238 | NS      | $6299491.20   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | ADT INC                                                                     | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |        245 | NC      | $5880.00      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| AvePoint Inc                                         | AvePoint Inc                                                                | CUSIP: 053604104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      20376 | NS      | $305843.76    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Docusign Inc                                         | Docusign Inc                                                                | CUSIP: 256163106<br>LEI: 549300Q7PVDWRZ39JG09 | Long             | EC               | CORP              | US        |       3166 | NS      | $228236.94    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| 1911 Gold Corp                                       | 1911 Gold Corp                                                              | CUSIP: 65442J107<br>LEI: 894500ZSR9NP4YEJ6343 | Short            | EC               | CORP              | CA        |   -1000000 | NS      | $-653876.55   | -0.04%            |  |  |  | No            |                  1 | On Loan: No      |
| SJM Holdings Ltd                                     | SJM Holdings Ltd                                                            | CUSIP: 000000000<br>LEI: 529900XEAB40COT5ZL30 | Long             | EC               | CORP              | HK        |    1587000 | NS      | $677092.94    | 0.05%             |  |  |  | No            |                  2 | On Loan: —       |
| Abercrombie & Fitch Co                               | Abercrombie & Fitch Co                                                      | CUSIP: 002896207<br>LEI: 5493000J7LL72TOGT983 | Long             | EC               | CORP              | US        |       6588 | NS      | $563603.40    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| CK Hutchison Holdings Ltd                            | CK Hutchison Holdings Ltd                                                   | CUSIP: 000000000<br>LEI: 254900Z8HM1VEPOQ2G79 | Long             | EC               | CORP              | KY        |     398000 | NS      | $2626649.74   | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Kyorin Pharmaceutical Co Ltd                         | Kyorin Pharmaceutical Co Ltd                                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     116000 | NS      | $1161147.00   | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Texas Pacific Land Corp                              | Texas Pacific Land Corp                                                     | CUSIP: 88262P102<br>LEI: N/A                  | Short            | EC               | CORP              | US        |       -879 | NS      | $-820669.56   | -0.06%            |  |  |  | No            |                  1 | On Loan: No      |
| Vera Therapeutics Inc                                | Vera Therapeutics Inc                                                       | CUSIP: 92337R101<br>LEI: N/A                  | Short            | EC               | CORP              | US        |     -11543 | NS      | $-335439.58   | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| Otter Tail Corp                                      | Otter Tail Corp                                                             | CUSIP: 689648103<br>LEI: N/A                  | Short            | EC               | CORP              | US        |      -7139 | NS      | $-585183.83   | -0.04%            |  |  |  | No            |                  1 | On Loan: No      |
| WW International Inc                                 | WW International Inc                                                        | CUSIP: 98262P200<br>LEI: SGT8R1MU6ESIC7UJC518 | Long             | EC               | CORP              | US        |       8986 | NS      | $245856.96    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| NCR Voyix Corp                                       | NCR Voyix Corp                                                              | CUSIP: 62886E108<br>LEI: 549300YKTY8JX1DV2R67 | Long             | EC               | CORP              | US        |     462967 | NS      | $5810235.85   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Zymeworks Inc                                        | Zymeworks Inc                                                               | CUSIP: 98985Y108<br>LEI: 894500AHOYAGYLYZJL67 | Short            | EC               | CORP              | US        |      -6427 | NS      | $-109773.16   | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Ferguson Enterprises Inc                             | Ferguson Enterprises Inc                                                    | CUSIP: 31488V107<br>LEI: 2138003JYQMRP3SLX189 | Long             | EC               | CORP              | US        |       1422 | NS      | $319352.76    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Saputo Inc                                           | Saputo Inc                                                                  | CUSIP: 802912105<br>LEI: 549300HH4U1DPY0TBT90 | Short            | EC               | CORP              | CA        |     -11300 | NS      | $-274441.33   | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| Vericel Corp                                         | Vericel Corp                                                                | CUSIP: 92346J108<br>LEI: 54930076YM3PLTDR4B91 | Long             | EC               | CORP              | US        |      24685 | NS      | $776836.95    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Sberbank of Russia PJSC                              | Sberbank of Russia PJSC                                                     | CUSIP: 000000000<br>LEI: 549300WE6TAF5EEWQS81 | Long             | EC               | CORP              | RU        |     688194 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Texas Capital Bancshares Inc                         | Texas Capital Bancshares Inc                                                | CUSIP: 88224Q107<br>LEI: 549300466Q2SXRX0YM48 | Long             | EC               | CORP              | US        |       8377 | NS      | $708107.81    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of New York Mellon Corp/The                     | Bank of New York Mellon Corp/The                                            | CUSIP: 064058100<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | EC               | CORP              | US        |       8124 | NS      | $885191.04    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Vaxcyte Inc                                          | Vaxcyte Inc                                                                 | CUSIP: 92243G108<br>LEI: 254900M7NMHTGASX8D95 | Short            | EC               | CORP              | US        |     -15401 | NS      | $-554744.02   | -0.04%            |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                       | Morgan Stanley                                                              | CUSIP: 617446448<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EC               | CORP              | US        |       1901 | NS      | $302182.96    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Carnival Corp                                        | Carnival Corp                                                               | CUSIP: 143658300<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | EC               | CORP              | PA        |      24230 | NS      | $700489.30    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| scPharmaceuticals Inc                                | scPharmaceuticals Inc                                                       | CUSIP: 810648105<br>LEI: 549300F55SN4ZR2OA180 | Long             | EC               | CORP              | US        |       7568 | NS      | $42910.56     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Montrose Environmental Group Inc                     | Montrose Environmental Group Inc                                            | CUSIP: 615111101<br>LEI: 254900ASI8K3LUB8Q958 | Long             | EC               | CORP              | US        |       3267 | NS      | $89711.82     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Employers Holdings Inc                               | Employers Holdings Inc                                                      | CUSIP: 292218104<br>LEI: N/A                  | Short            | EC               | CORP              | US        |        -97 | NS      | $-4120.56     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| LX INTERNATIONAL CORP                                | LX INTERNATIONAL CORP                                                       | CUSIP: 000000000<br>LEI: 988400KZJVVPCZ6BC265 | Long             | EC               | CORP              | KR        |       9726 | NS      | $221831.30    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                | Federal National Mortgage Association                                       | CUSIP: 313586109<br>LEI: B1V7KEBTPIMZEU4LTD58 | Short            | EC               | USGSE             | US        |     -75906 | NS      | $-914667.30   | -0.06%            |  |  |  | No            |                  1 | On Loan: No      |
| SAP SE                                               | SAP SE                                                                      | CUSIP: 803054204<br>LEI: 529900D6BF99LW9R2E68 | Long             | EC               | CORP              | DE        |       1463 | NS      | $390928.23    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Barrick Mining Corp                                  | Barrick Mining Corp                                                         | CUSIP: 06849F108<br>LEI: 0O4KBQCJZX82UKGCBV73 | Long             | EC               | CORP              | CA        |      54271 | NS      | $1778460.67   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Roivant Sciences Ltd                                 | Roivant Sciences Ltd                                                        | CUSIP: 000000000<br>LEI: 549300DL466NY5J6U724 | Short            | EC               | CORP              | BM        |     -37165 | NS      | $-562306.45   | -0.04%            |  |  |  | No            |                  1 | On Loan: No      |
| Champion Iron Ltd                                    | Champion Iron Ltd                                                           | CUSIP: 000000000<br>LEI: 894500WQI96G4T75O202 | Long             | EC               | CORP              | AU        |      53402 | NS      | $165671.71    | 0.01%             |  |  |  | No            |                  1 | On Loan: —       |
| Enphase Energy Inc                                   | Enphase Energy Inc                                                          | CUSIP: 29355A107<br>LEI: 5493008U7KIGMI59Z314 | Short            | EC               | CORP              | US        |     -10721 | NS      | $-379416.19   | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| Petroleo Brasileiro SA - Petrobras                   | Petroleo Brasileiro SA - Petrobras                                          | CUSIP: 71654V408<br>LEI: 5493000J801JZRCMFE49 | Long             | EC               | CORP              | BR        |       3055 | NS      | $38676.30     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Tenet Healthcare Corp                                | Tenet Healthcare Corp                                                       | CUSIP: 88033G407<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | EC               | CORP              | US        |       5280 | NS      | $1072051.20   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| CF Industries Holdings Inc                           | CF Industries Holdings Inc                                                  | CUSIP: 125269100<br>LEI: 529900CG8YAQFZ2JMV97 | Long             | EC               | CORP              | US        |        186 | NS      | $16684.20     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Global-e Online Ltd                                  | Global-e Online Ltd                                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | IL        |      29400 | NS      | $1051344.00   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| United Parks & Resorts Inc                           | United Parks & Resorts Inc                                                  | CUSIP: 81282V100<br>LEI: 529900G0H4NV3IIK3269 | Short            | EC               | CORP              | US        |       -500 | NS      | $-25850.00    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| QUALCOMM Inc                                         | QUALCOMM Inc                                                                | CUSIP: 747525103<br>LEI: H1J8DDZKZP6H7RWC0H53 | Long             | EC               | CORP              | US        |       3623 | NS      | $602722.28    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| HarborOne Bancorp Inc                                | HarborOne Bancorp Inc                                                       | CUSIP: 41165Y100<br>LEI: 549300CNOEY2QUB7F917 | Short            | EC               | CORP              | US        |       -450 | NS      | $-6120.00     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Natera Inc                                           | Natera Inc                                                                  | CUSIP: 632307104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       9977 | NS      | $1605997.69   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| K+S AG                                               | K+S AG                                                                      | CUSIP: 000000000<br>LEI: 529900YURAYD4IJX2J91 | Long             | EC               | CORP              | DE        |     238822 | NS      | $3233829.87   | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Centrais Eletricas Brasileiras SA                    | Centrais Eletricas Brasileiras SA                                           | CUSIP: 000000000<br>LEI: 254900I8KYDELP4B4Z08 | Long             | EC               | CORP              | BR        |     203202 | NS      | $2005198.75   | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Shopify Inc                                          | Shopify Inc                                                                 | CUSIP: 82509L107<br>LEI: 549300HGQ43STJLLP808 | Long             | EC               | CORP              | CA        |      99895 | NS      | $14845395.95  | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Eastman Kodak Co                                     | Eastman Kodak Co                                                            | CUSIP: 277461406<br>LEI: 549300P7J8F3SSMY3E81 | Short            | EC               | CORP              | US        |      -1057 | NS      | $-6775.37     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Cava Group Inc                                       | Cava Group Inc                                                              | CUSIP: 148929102<br>LEI: N/A                  | Short            | EC               | CORP              | US        |      -3204 | NS      | $-193553.64   | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| WEX Inc                                              | WEX Inc                                                                     | CUSIP: 96208T104<br>LEI: T9M5IGROL1TL1G5OV478 | Short            | EC               | CORP              | US        |       -626 | NS      | $-98613.78    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Choice Hotels International Inc                      | Choice Hotels International Inc                                             | CUSIP: 169905106<br>LEI: 5493003CYRY5RFGTIR97 | Short            | EC               | CORP              | US        |      -7275 | NS      | $-777770.25   | -0.05%            |  |  |  | No            |                  1 | On Loan: No      |
| CBIZ Inc                                             | CBIZ Inc                                                                    | CUSIP: 124805102<br>LEI: 529900D5X8CFM8O1N813 | Long             | EC               | CORP              | US        |       5593 | NS      | $296205.28    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Virtus Investment Partners Inc                       | Virtus Investment Partners Inc                                              | CUSIP: 92828Q109<br>LEI: 549300HWF93HB8BDM648 | Long             | EC               | CORP              | US        |       1437 | NS      | $273073.11    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Textron Inc                                          | Textron Inc                                                                 | CUSIP: 883203101<br>LEI: 3PPKBHUG1HD6BO7RNR87 | Long             | EC               | CORP              | US        |        200 | NS      | $16898.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Definity Financial Corp                              | Definity Financial Corp                                                     | CUSIP: 24477T100<br>LEI: 984500D5F3FC49D00C44 | Long             | EC               | CORP              | CA        |      20200 | NS      | $1038230.94   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Neurocrine Biosciences Inc                           | Neurocrine Biosciences Inc                                                  | CUSIP: 64125C109<br>LEI: 549300FECER0XBN49756 | Long             | EC               | CORP              | US        |       6054 | NS      | $849860.52    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Bear Creek Mining Corp                               | Bear Creek Mining Corp                                                      | CUSIP: 07380N104<br>LEI: 549300C9IY653M7KMK88 | Long             | EC               | CORP              | CA        |     424151 | NS      | $198101.71    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Genco Shipping & Trading Ltd                         | Genco Shipping & Trading Ltd                                                | CUSIP: 000000000<br>LEI: 5493003MBZ5GU8QHXZ58 | Short            | EC               | CORP              | MH        |      -1141 | NS      | $-20309.80    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| NEXTracker Inc                                       | NEXTracker Inc                                                              | CUSIP: 65290E101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      13550 | NS      | $1002564.50   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Exelixis Inc                                         | Exelixis Inc                                                                | CUSIP: 30161Q104<br>LEI: 254900PJQB59O2O95R37 | Long             | EC               | CORP              | US        |      21596 | NS      | $891914.80    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| TAT Technologies Ltd                                 | TAT Technologies Ltd                                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | IL        |      20686 | NS      | $910804.58    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Frontdoor Inc                                        | Frontdoor Inc                                                               | CUSIP: 35905A109<br>LEI: 5493008RB0JZJI3QGZ06 | Short            | EC               | CORP              | US        |     -15284 | NS      | $-1028460.36  | -0.07%            |  |  |  | No            |                  1 | On Loan: No      |
| NU Holdings Ltd/Cayman Islands                       | NU Holdings Ltd/Cayman Islands                                              | CUSIP: 000000000<br>LEI: 5493002DG1RHWK9W2X27 | Long             | EC               | CORP              | KY        |      11314 | NS      | $181137.14    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| EssilorLuxottica SA                                  | EssilorLuxottica SA                                                         | CUSIP: 000000000<br>LEI: 549300M3VH1A3ER1TB49 | Long             | EC               | CORP              | FR        |      11974 | NS      | $3905631.25   | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| ADT Inc                                              | ADT Inc                                                                     | CUSIP: 00090Q103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     134635 | NS      | $1172670.85   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| PubMatic Inc                                         | PubMatic Inc                                                                | CUSIP: 74467Q103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      93532 | NS      | $774444.96    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| IMAX Corp                                            | IMAX Corp                                                                   | CUSIP: 45245E109<br>LEI: 894500GS1ESLAPZCEI74 | Short            | EC               | CORP              | CA        |       -596 | NS      | $-19519.00    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| HealthEquity Inc                                     | HealthEquity Inc                                                            | CUSIP: 42226A107<br>LEI: 529900LRJU1RAFQHM467 | Long             | EC               | CORP              | US        |      38734 | NS      | $3670821.18   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| QuantumScape Corp                                    | QuantumScape Corp                                                           | CUSIP: 74767V109<br>LEI: N/A                  | Short            | EC               | CORP              | US        |     -49000 | NS      | $-603680.00   | -0.04%            |  |  |  | No            |                  1 | On Loan: No      |
| SPDR S&P Biotech ETF                                 | SPDR S&P Biotech ETF                                                        | CUSIP: 78464A870<br>LEI: 549300Y3ODFMPD5XXL58 | Long             | EC               | RF                | US        |     104112 | NS      | $10432022.40  | 0.71%             |  |  |  | No            |                  1 | On Loan: —       |
| Ameriprise Financial Inc                             | Ameriprise Financial Inc                                                    | CUSIP: 03076C106<br>LEI: 6ZLKQF7QB6JAEKQS5388 | Long             | EC               | CORP              | US        |        273 | NS      | $134111.25    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| HCA Healthcare Inc                                   | HCA Healthcare Inc                                                          | CUSIP: 40412C101<br>LEI: 529900PH4ZGUH2MNEU89 | Long             | EC               | CORP              | US        |         47 | NS      | $20031.40     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Matson Inc                                           | Matson Inc                                                                  | CUSIP: 57686G105<br>LEI: 549300OI5H3Y0I9I4I12 | Short            | EC               | CORP              | US        |       -500 | NS      | $-49295.00    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Silicon Laboratories Inc                             | Silicon Laboratories Inc                                                    | CUSIP: 826919102<br>LEI: 4PRDF8Q9TDHRVZKZSZ47 | Long             | EC               | CORP              | US        |       1436 | NS      | $188302.68    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Lotte Chemical Corp                                  | Lotte Chemical Corp                                                         | CUSIP: 000000000<br>LEI: 988400TPNFJZDPI94Y56 | Long             | EC               | CORP              | KR        |      18782 | NS      | $906195.17    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Steelcase Inc                                        | Steelcase Inc                                                               | CUSIP: 858155203<br>LEI: GIE4CCPBJDI8SMV1OX95 | Short            | EC               | CORP              | US        |       -590 | NS      | $-10148.00    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Liberty Media Corp-Liberty Formula One               | Liberty Media Corp-Liberty Formula One                                      | CUSIP: 531229755<br>LEI: N/A                  | Long             | EC               | CORP              | US        |        900 | NS      | $94005.00     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Interface Inc                                        | Interface Inc                                                               | CUSIP: 458665304<br>LEI: 549300VXZWQOIDFPU355 | Short            | EC               | CORP              | US        |     -13387 | NS      | $-387419.78   | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley & Co. LLC                             | SANIL ELECTRIC ORD                                                          | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               |  | KR        |     232953 | OU      | $4198.15      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Weatherford International PLC                        | Weatherford International PLC                                               | CUSIP: 000000000<br>LEI: 529900LPBDSCQDJKHQ39 | Long             | EC               | CORP              | IE        |       1198 | NS      | $81979.14     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Eurex Deutschland                                    | MSCI CHINA FUTURE DEC25                                                     | CUSIP: 000000000<br>LEI: 529900LN3S50JPU47S06 | N/A              | DE               |  | DE        |        590 | NC      | $610427.86    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| BlueLinx Holdings Inc                                | BlueLinx Holdings Inc                                                       | CUSIP: 09624H208<br>LEI: 549300YSX7GU28F5I540 | Short            | EC               | CORP              | US        |       -282 | NS      | $-20608.56    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Otis Worldwide Corp                                  | Otis Worldwide Corp                                                         | CUSIP: 68902V107<br>LEI: 549300ZLBKR8VSU25153 | Long             | EC               | CORP              | US        |        227 | NS      | $20754.61     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Coursera Inc                                         | Coursera Inc                                                                | CUSIP: 22266M104<br>LEI: 984500573CA1QB7DAC30 | Short            | EC               | CORP              | US        |      -4572 | NS      | $-53538.12    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| KLA Corp                                             | KLA Corp                                                                    | CUSIP: 482480100<br>LEI: 549300H0BF5JCG96TJ81 | Long             | EC               | CORP              | US        |        526 | NS      | $567343.60    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Glencore PLC                                         | Glencore PLC                                                                | CUSIP: 000000000<br>LEI: 2138002658CPO9NBH955 | Long             | EC               | CORP              | JE        |     472176 | NS      | $2182043.06   | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Capital Bancorp Inc                                  | Capital Bancorp Inc                                                         | CUSIP: 139737100<br>LEI: 549300LQKYGWQ7VP0C75 | Long             | EC               | CORP              | US        |       5027 | NS      | $160361.30    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Copart Inc                                           | Copart Inc                                                                  | CUSIP: 217204106<br>LEI: 549300KVYX3JWMYEHU61 | Long             | EC               | CORP              | US        |        402 | NS      | $18077.94     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Cineplex Inc                                         | Cineplex Inc                                                                | CUSIP: 172454100<br>LEI: 549300WDU0AS30W35T75 | Long             | EC               | CORP              | CA        |      73400 | NS      | $629730.55    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Northrop Grumman Corp                                | Northrop Grumman Corp                                                       | CUSIP: 666807102<br>LEI: RIMU48P07456QXSO0R61 | Long             | EC               | CORP              | US        |         92 | NS      | $56057.44     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley & Co. LLC                             | PENINSULA ENERGY PVT PL ORD                                                 | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               |  | AU        |     290030 | OU      | $110123.26    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Foran Mining Corp                                    | Foran Mining Corp                                                           | CUSIP: 344911201<br>LEI: 529900LRYPIWB6RISB58 | Long             | EC               | CORP              | CA        |     260503 | NS      | $728143.04    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Hartford Insurance Group Inc/The                     | Hartford Insurance Group Inc/The                                            | CUSIP: 416515104<br>LEI: IU7C3FTM7Y3BQM112U94 | Long             | EC               | CORP              | US        |       2343 | NS      | $312532.77    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Unity Bancorp Inc                                    | Unity Bancorp Inc                                                           | CUSIP: 913290102<br>LEI: 549300Q90ZRNUR65PL93 | Long             | EC               | CORP              | US        |       1465 | NS      | $71594.55     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Climb Global Solutions Inc                           | Climb Global Solutions Inc                                                  | CUSIP: 946760105<br>LEI: 549300LKM16VX2FG7J68 | Short            | EC               | CORP              | US        |        -63 | NS      | $-8494.92     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Bruker Corp                                          | Bruker Corp                                                                 | CUSIP: 116794108<br>LEI: LEBZ6VLQ6I8XB1NHVY15 | Short            | EC               | CORP              | US        |     -14664 | NS      | $-476433.36   | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| Electronic Arts Inc                                  | Electronic Arts Inc                                                         | CUSIP: 285512109<br>LEI: 549300O7A67PUEYKDL45 | Long             | EC               | CORP              | US        |       8425 | NS      | $1699322.50   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| SiTime Corp                                          | SiTime Corp                                                                 | CUSIP: 82982T106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |        107 | NS      | $32240.17     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| McKesson Corp                                        | McKesson Corp                                                               | CUSIP: 58155Q103<br>LEI: 549300WZWOM80UCFSF54 | Long             | EC               | CORP              | US        |       5544 | NS      | $4282961.76   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| ECN Capital Corp                                     | ECN Capital Corp                                                            | CUSIP: 26829L107<br>LEI: 549300E2G773NN59KY61 | Long             | EC               | CORP              | CA        |     480251 | NS      | $980033.66    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Antero Resources Corp                                | Antero Resources Corp                                                       | CUSIP: 03674X106<br>LEI: APVBKPOULHUX7YZLKU17 | Long             | EC               | CORP              | US        |      14940 | NS      | $501386.40    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Northern Dynasty Minerals Ltd                        | Northern Dynasty Minerals Ltd                                               | CUSIP: 66510M204<br>LEI: 529900HEIYP56LE0EJ17 | Long             | EC               | CORP              | CA        |     621596 | NS      | $745915.20    | 0.05%             |  |  |  | No            |                  1 | On Loan: —       |
| Victoria Gold Corp/Vancouver                         | Victoria Gold Corp/Vancouver                                                | CUSIP: 92625W507<br>LEI: 9845005Q1367V3D4N057 | Short            | EC               | CORP              | CA        |   -1261221 | NS      | $-9062.45     | -0.00%            |  |  |  | No            |                  3 | On Loan: No      |
| Algonquin Power & Utilities Corp                     | Algonquin Power & Utilities Corp                                            | CUSIP: 015857105<br>LEI: 549300K5VIUTJXQL7X75 | Short            | EC               | CORP              | CA        |     -72300 | NS      | $-388592.37   | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| ODP Corp/The                                         | ODP Corp/The                                                                | CUSIP: 88337F105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       3151 | NS      | $87755.35     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Lindsay Corp                                         | Lindsay Corp                                                                | CUSIP: 535555106<br>LEI: 549300ZFO0QG5H8TPI61 | Short            | EC               | CORP              | US        |      -1019 | NS      | $-143230.64   | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Tapestry Inc                                         | Tapestry Inc                                                                | CUSIP: 876030107<br>LEI: 549300LJNVY5SW3VTN33 | Long             | EC               | CORP              | US        |       9781 | NS      | $1107404.82   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| i-80 Gold Corp                                       | i-80 Gold Corp                                                              | CUSIP: 44955L106<br>LEI: 549300LFFIWIGUEXPK11 | Long             | EC               | CORP              | CA        |    1083800 | NS      | $1035462.52   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Viking Therapeutics Inc                              | Viking Therapeutics Inc                                                     | CUSIP: 92686J106<br>LEI: 529900IVC72YPFA25M37 | Short            | EC               | CORP              | US        |     -36038 | NS      | $-947078.64   | -0.06%            |  |  |  | No            |                  1 | On Loan: No      |
| Matador Resources Co                                 | Matador Resources Co                                                        | CUSIP: 576485205<br>LEI: 549300CI3Q2UUK5R4G79 | Long             | EC               | CORP              | US        |       4988 | NS      | $224110.84    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Daily Journal Corp                                   | Daily Journal Corp                                                          | CUSIP: 233912104<br>LEI: 2549004ASTNVLR8YWZ33 | Short            | EC               | CORP              | US        |       -132 | NS      | $-61398.48    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Pinterest Inc                                        | Pinterest Inc                                                               | CUSIP: 72352L106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      52628 | NS      | $1693042.76   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| United Airlines Holdings Inc                         | United Airlines Holdings Inc                                                | CUSIP: 910047109<br>LEI: 98450079DA0B78DD6764 | Long             | EC               | CORP              | US        |        614 | NS      | $59251.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| ROBLOX Corp                                          | ROBLOX Corp                                                                 | CUSIP: 771049103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      19654 | NS      | $2722472.08   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Church & Dwight Co Inc                               | Church & Dwight Co Inc                                                      | CUSIP: 171340102<br>LEI: POOXSI30AWAQGYJZC921 | Long             | EC               | CORP              | US        |      49901 | NS      | $4372824.63   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| PAX Global Technology Ltd                            | PAX Global Technology Ltd                                                   | CUSIP: 000000000<br>LEI: 5299008CRGPD1WZXCD36 | Long             | EC               | CORP              | BM        |     189000 | NS      | $140116.79    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| ESPORTS TECHNOLOGY WARRANT                           | ESPORTS TECHNOLOGY WARRANT                                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |       1005 | NS      | $1.01         | 0.00%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Lantheus Holdings Inc                                | Lantheus Holdings Inc                                                       | CUSIP: 516544103<br>LEI: 5299005HUB5IOJGO7S39 | Short            | EC               | CORP              | US        |     -10320 | NS      | $-529312.80   | -0.04%            |  |  |  | No            |                  1 | On Loan: No      |
| CG oncology Inc                                      | CG oncology Inc                                                             | CUSIP: 156944100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      48404 | NS      | $1949713.12   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Southern Co/The                                      | Southern Co/The                                                             | CUSIP: 842587107<br>LEI: 549300FC3G3YU2FBZD92 | Short            | EC               | CORP              | US        |       -963 | NS      | $-91263.51    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Ovintiv Inc                                          | Ovintiv Inc                                                                 | CUSIP: 69047Q102<br>LEI: 2549003MEX7YMKLGI239 | Long             | EC               | CORP              | US        |      12214 | NS      | $493201.32    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| TPG Inc                                              | TPG Inc                                                                     | CUSIP: 872657101<br>LEI: 549300NLO4R8MX77XJ02 | Short            | EC               | CORP              | US        |      -9626 | NS      | $-553013.70   | -0.04%            |  |  |  | No            |                  1 | On Loan: No      |
| Sphere Entertainment Co                              | Sphere Entertainment Co                                                     | CUSIP: 55826T102<br>LEI: 254900ZW4JWKYRZZ9A91 | Short            | EC               | CORP              | US        |      -9498 | NS      | $-590015.76   | -0.04%            |  |  |  | No            |                  1 | On Loan: No      |
| Apple Inc                                            | Apple Inc                                                                   | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |     130090 | NS      | $33124816.70  | 2.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Cogent Communications Holdings Inc                   | Cogent Communications Holdings Inc                                          | CUSIP: 19239V302<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       5308 | NS      | $203561.80    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Danaher Corp                                         | Danaher Corp                                                                | CUSIP: 235851102<br>LEI: S4BKK9OTCEWQ3YHPFM11 | Long             | EC               | CORP              | US        |         79 | NS      | $15662.54     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Haemonetics Corp                                     | Haemonetics Corp                                                            | CUSIP: 405024100<br>LEI: 549300ZEL6TXZS6F5F95 | Long             | EC               | CORP              | US        |      17633 | NS      | $859432.42    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Korea Electric Power Corp                            | Korea Electric Power Corp                                                   | CUSIP: 000000000<br>LEI: 988400QG33WS7JEIV602 | Long             | EC               | CORP              | KR        |      48952 | NS      | $1262183.60   | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| GLOBAL ATOMIC CORP.                                  | GLOBAL ATOMIC CORP.                                                         | CUSIP: 000000000<br>LEI: 529900EY4VQEZUOEO166 | N/A              | DE               |  | CA        |     130700 | NS      | $34049.90     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Sprout Social Inc                                    | Sprout Social Inc                                                           | CUSIP: 85209W109<br>LEI: 254900QE3QH8EBRDOB65 | Long             | EC               | CORP              | US        |      35768 | NS      | $462122.56    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| NWPX Infrastructure Inc                              | NWPX Infrastructure Inc                                                     | CUSIP: 667746101<br>LEI: 54930056VW2CRCZ9RE54 | Long             | EC               | CORP              | US        |       3769 | NS      | $199493.17    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Vox Royalty Corp                                     | Vox Royalty Corp                                                            | CUSIP: 92919F103<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |     158400 | NS      | $681120.00    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| HIVE DIGITAL TECHNOLOGIES LTD                        | HIVE DIGITAL TECHNOLOGIES LTD                                               | CUSIP: 000000000<br>LEI: 5493004QCZ1QBI9FS784 | N/A              | DE               |  | CA        |      44900 | NS      | $58736.73     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Roku Inc                                             | Roku Inc                                                                    | CUSIP: 77543R102<br>LEI: 549300KR6ITU0YIR1T71 | Long             | EC               | CORP              | US        |      12450 | NS      | $1246618.50   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Norwegian Cruise Line Holdings Ltd                   | Norwegian Cruise Line Holdings Ltd                                          | CUSIP: 000000000<br>LEI: N/A                  | Short            | EC               | CORP              | BM        |      -1433 | NS      | $-35294.79    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Financial Select Sector SPDR Fund                    | Financial Select Sector SPDR Fund                                           | CUSIP: 81369Y605<br>LEI: 549300Y12KQ6ZG08NY28 | Long             | EC               | RF                | US        |    1122025 | NS      | $60443486.75  | 4.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Regeneron Pharmaceuticals Inc                        | Regeneron Pharmaceuticals Inc                                               | CUSIP: 75886F107<br>LEI: 549300RCBFWIRX3HYQ56 | Long             | EC               | CORP              | US        |       8871 | NS      | $4987897.17   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| OrthoPediatrics Corp                                 | OrthoPediatrics Corp                                                        | CUSIP: 68752L100<br>LEI: 5493000KUTPFGOPAT717 | Short            | EC               | CORP              | US        |       -240 | NS      | $-4447.20     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Vishay Precision Group Inc                           | Vishay Precision Group Inc                                                  | CUSIP: 92835K103<br>LEI: N/A                  | Short            | EC               | CORP              | US        |       -469 | NS      | $-15031.45    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| MarineMax Inc                                        | MarineMax Inc                                                               | CUSIP: 567908108<br>LEI: 254900TIXTN8WY3FNN63 | Long             | EC               | CORP              | US        |      33354 | NS      | $844856.82    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Meteoric Resources NL                                | Meteoric Resources NL                                                       | CUSIP: 000000000<br>LEI: 5299009OXXZHFU8BYE49 | Long             | EC               | CORP              | AU        |    6114077 | NS      | $584730.86    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Equinox Gold Corp                                    | Equinox Gold Corp                                                           | CUSIP: 29446Y502<br>LEI: 5493005IN4V1SNP9PN75 | Long             | EC               | CORP              | CA        |      99472 | NS      | $1116075.84   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Builders FirstSource Inc                             | Builders FirstSource Inc                                                    | CUSIP: 12008R107<br>LEI: 549300W0SKP6L3H7DP63 | Long             | EC               | CORP              | US        |        108 | NS      | $13095.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Vodafone Group PLC                                   | Vodafone Group PLC                                                          | CUSIP: 000000000<br>LEI: 213800TB53ELEUKM7Q61 | Long             | EC               | CORP              | GB        |     870108 | NS      | $1008973.05   | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Credicorp Ltd                                        | Credicorp Ltd                                                               | CUSIP: 000000000<br>LEI: 529900UYAEYQCQ2BKB17 | Long             | EC               | CORP              | BM        |        410 | NS      | $109174.80    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| XTAO Inc                                             | XTAO Inc                                                                    | CUSIP: 000000000<br>LEI: 254900JJUD4X8PHAKB45 | Long             | EC               | CORP              | KY        |      99000 | NS      | $94050.00     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Gilat Satellite Networks Ltd                         | Gilat Satellite Networks Ltd                                                | CUSIP: 000000000<br>LEI: 529900RVHDCYJ5YWHP12 | Short            | EC               | CORP              | IL        |       -483 | NS      | $-6288.66     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Chewy Inc                                            | Chewy Inc                                                                   | CUSIP: 16679L109<br>LEI: 254900NPQSTG9I422879 | Long             | EC               | CORP              | US        |      49610 | NS      | $2006724.50   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Boot Barn Holdings Inc                               | Boot Barn Holdings Inc                                                      | CUSIP: 099406100<br>LEI: 529900QE1BFMYA3N4E71 | Short            | EC               | CORP              | US        |      -5672 | NS      | $-939963.84   | -0.06%            |  |  |  | No            |                  1 | On Loan: No      |
| Clarus Corp                                          | Clarus Corp                                                                 | CUSIP: 18270P109<br>LEI: 549300PKSLI6PT0ULL72 | Long             | EC               | CORP              | US        |     166802 | NS      | $583807.00    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Procore Technologies Inc                             | Procore Technologies Inc                                                    | CUSIP: 74275K108<br>LEI: 5493005PTWY0RHYRAH22 | Short            | EC               | CORP              | US        |      -4237 | NS      | $-308962.04   | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| HELIOSTAR METALS LTD                                 | HELIOSTAR METALS LTD                                                        | CUSIP: 000000000<br>LEI: 529900BF6RCFL9WNSB18 | N/A              | DE               |  | CA        |     131700 | NS      | $144395.89    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Options Clearing Corp.                               | NCR VOYIX CORP                                                              | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |       -151 | NC      | $-755.00      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Taiwan Semiconductor Manufacturing Co Ltd            | Taiwan Semiconductor Manufacturing Co Ltd                                   | CUSIP: 874039100<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |      51201 | NS      | $14299927.29  | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Soho House & Co Inc                                  | Soho House & Co Inc                                                         | CUSIP: 586001109<br>LEI: 213800XNSPPBRF2E5A41 | Short            | EC               | CORP              | US        |       -525 | NS      | $-4646.25     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard Financials ETF                              | Vanguard Financials ETF                                                     | CUSIP: 92204A405<br>LEI: N/A                  | Long             | EC               | RF                | US        |     213451 | NS      | $28013309.24  | 1.92%             |  |  |  | No            |                  1 | On Loan: No      |
| CINEPLEX INC                                         | Cineplex Inc                                                                | CUSIP: 172454AC4<br>LEI: 549300WDU0AS30W35T75 | Long             | DBT              | CORP              | CA        |     650000 | PA      | $637034.56    | 0.04%             | 2030-03-01      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| Ducommun Inc                                         | Ducommun Inc                                                                | CUSIP: 264147109<br>LEI: 549300Z71HMWF90S2214 | Short            | EC               | CORP              | US        |      -1424 | NS      | $-136889.12   | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Winnebago Industries Inc                             | Winnebago Industries Inc                                                    | CUSIP: 974637100<br>LEI: 549300B7OYKYJLTE3G11 | Short            | EC               | CORP              | US        |       -787 | NS      | $-26317.28    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Patrick Industries Inc                               | Patrick Industries Inc                                                      | CUSIP: 703343103<br>LEI: 549300FZ5ZTCCJ3Z5W14 | Short            | EC               | CORP              | US        |      -1150 | NS      | $-118944.50   | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Automatic Data Processing Inc                        | Automatic Data Processing Inc                                               | CUSIP: 053015103<br>LEI: HGBOLILQXWER4SAL2I23 | Long             | EC               | CORP              | US        |      36638 | NS      | $10753253.00  | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Teekay Tankers Ltd                                   | Teekay Tankers Ltd                                                          | CUSIP: 000000000<br>LEI: 549300DE8ZAIYS2T6Q22 | Short            | EC               | CORP              | BM        |       -281 | NS      | $-14204.55    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Newmont Corp                                         | Newmont Corp                                                                | CUSIP: 000000000<br>LEI: 549300VSP3RIX7FGDZ51 | Long             | EC               | CORP              | US        |      19541 | NS      | $1678668.51   | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Altus Group Ltd/Canada                               | Altus Group Ltd/Canada                                                      | CUSIP: 02215R107<br>LEI: 54930041VO1EIY4IV355 | Long             | EC               | CORP              | CA        |      20300 | NS      | $867020.19    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| New York Times Co/The                                | New York Times Co/The                                                       | CUSIP: 650111107<br>LEI: 529900J1WEMMIW7BOH57 | Long             | EC               | CORP              | US        |       1740 | NS      | $99876.00     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Investors Title Co                                   | Investors Title Co                                                          | CUSIP: 461804106<br>LEI: N/A                  | Short            | EC               | CORP              | US        |       -127 | NS      | $-34014.41    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| PennyMac Financial Services Inc                      | PennyMac Financial Services Inc                                             | CUSIP: 70932M107<br>LEI: 549300W1D516HBDEU871 | Short            | EC               | CORP              | US        |      -3729 | NS      | $-461948.52   | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| Cricut Inc                                           | Cricut Inc                                                                  | CUSIP: 22658D100<br>LEI: 254900R3DKAJ28MC0Q39 | Short            | EC               | CORP              | US        |      -5451 | NS      | $-34286.79    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| MercadoLibre Inc                                     | MercadoLibre Inc                                                            | CUSIP: 58733R102<br>LEI: 549300DKPDN9M5S8GB14 | Long             | EC               | CORP              | US        |       2435 | NS      | $5690448.90   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Great Lakes Dredge & Dock Corp                       | Great Lakes Dredge & Dock Corp                                              | CUSIP: 390607109<br>LEI: 549300H65E3MZ1CX0P05 | Long             | EC               | CORP              | US        |      57073 | NS      | $684305.27    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Circle Internet Group Inc                            | Circle Internet Group Inc                                                   | CUSIP: 172573107<br>LEI: 254900HFVVR6NPMQVN93 | Long             | EC               | CORP              | US        |       6099 | NS      | $808605.42    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Moscow Exchange MICEX-RTS PJSC                       | Moscow Exchange MICEX-RTS PJSC                                              | CUSIP: 000000000<br>LEI: 253400M5M1222KPNWE87 | Long             | EC               | CORP              | RU        |     798487 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Nasdaq Inc                                           | Nasdaq Inc                                                                  | CUSIP: 631103108<br>LEI: 549300L8X1Q78ERXFD06 | Long             | EC               | CORP              | US        |      12840 | NS      | $1135698.00   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| ICICI Bank Ltd                                       | ICICI Bank Ltd                                                              | CUSIP: 45104G104<br>LEI: R7RX8ER1V4666J8D1I38 | Long             | EC               | CORP              | IN        |      15609 | NS      | $471860.07    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Exelixis Inc                                         | Exelixis Inc                                                                | CUSIP: 30161Q104<br>LEI: 254900PJQB59O2O95R37 | Short            | EC               | CORP              | US        |     -56922 | NS      | $-2350878.60  | -0.16%            |  |  |  | No            |                  1 | On Loan: No      |
| UiPath Inc                                           | UiPath Inc                                                                  | CUSIP: 90364P105<br>LEI: 5493000YP61KBELDHT53 | Short            | EC               | CORP              | US        |     -14155 | NS      | $-189393.90   | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Stevanato Group SpA                                  | Stevanato Group SpA                                                         | CUSIP: 000000000<br>LEI: 81560033F7E1CD477507 | Long             | EC               | CORP              | IT        |       6080 | NS      | $156560.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| BellRing Brands Inc                                  | BellRing Brands Inc                                                         | CUSIP: 07831C103<br>LEI: 549300S3BOK5CMTS8054 | Short            | EC               | CORP              | US        |     -13879 | NS      | $-504501.65   | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| Commvault Systems Inc                                | Commvault Systems Inc                                                       | CUSIP: 204166102<br>LEI: 65T5VRP62VXG39YFML83 | Long             | EC               | CORP              | US        |       2969 | NS      | $560487.82    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Crane NXT Co                                         | Crane NXT Co                                                                | CUSIP: 224441105<br>LEI: 549300EXNPSXEWUD3N21 | Short            | EC               | CORP              | US        |      -9558 | NS      | $-641055.06   | -0.04%            |  |  |  | No            |                  1 | On Loan: No      |
| Genius Sports Ltd                                    | Genius Sports Ltd                                                           | CUSIP: 000000000<br>LEI: N/A                  | Short            | EC               | CORP              | GG        |      -2176 | NS      | $-26938.88    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Enerpac Tool Group Corp                              | Enerpac Tool Group Corp                                                     | CUSIP: 292765104<br>LEI: IZW37BPZKUJE1QXGB081 | Long             | EC               | CORP              | US        |      10848 | NS      | $444768.00    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Matthews International Corp                          | Matthews International Corp                                                 | CUSIP: 577128101<br>LEI: 549300ZVC5O0ATML6U61 | Long             | EC               | CORP              | US        |      13586 | NS      | $329868.08    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| AeroVironment Inc                                    | AeroVironment Inc                                                           | CUSIP: 008073108<br>LEI: 529900PGHVI29YLZ6221 | Short            | EC               | CORP              | US        |     -11515 | NS      | $-3625958.35  | -0.25%            |  |  |  | No            |                  1 | On Loan: No      |
| RingCentral Inc                                      | RingCentral Inc                                                             | CUSIP: 76680R206<br>LEI: 549300C8EH0H1614VE84 | Short            | EC               | CORP              | US        |     -22587 | NS      | $-640115.58   | -0.04%            |  |  |  | No            |                  1 | On Loan: No      |
| Talos Energy Inc                                     | Talos Energy Inc                                                            | CUSIP: 87484T108<br>LEI: 549300OKFHZ84SFJFT95 | Short            | EC               | CORP              | US        |      -4255 | NS      | $-40805.45    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Equifax Inc                                          | Equifax Inc                                                                 | CUSIP: 294429105<br>LEI: 5493004MCF8JDC86VS77 | Long             | EC               | CORP              | US        |       8034 | NS      | $2060962.02   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Preformed Line Products Co                           | Preformed Line Products Co                                                  | CUSIP: 740444104<br>LEI: 549300EYH53XDJID2098 | Short            | EC               | CORP              | US        |       -107 | NS      | $-20988.05    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Americas Gold & Silver Corp                          | Americas Gold & Silver Corp                                                 | CUSIP: 03062D803<br>LEI: 5493005AKGOT669Z4P51 | Long             | EC               | CORP              | CA        |    1118312 | NS      | $4170465.76   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| NOV Inc                                              | NOV Inc                                                                     | CUSIP: 62955J103<br>LEI: 549300EHF3IW1AR6U008 | Short            | EC               | CORP              | US        |      -2460 | NS      | $-32595.00    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Columbia Sportswear Co                               | Columbia Sportswear Co                                                      | CUSIP: 198516106<br>LEI: 549300OTMCIEUXAH5Z60 | Short            | EC               | CORP              | US        |       -158 | NS      | $-8263.40     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| T-Mobile US Inc                                      | T-Mobile US Inc                                                             | CUSIP: 872590104<br>LEI: 549300QHIJYOHPACPG31 | Long             | EC               | CORP              | US        |       1138 | NS      | $272414.44    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Informatica Inc                                      | Informatica Inc                                                             | CUSIP: 45674M101<br>LEI: 984500E0DEFFE6DE9588 | Long             | EC               | CORP              | US        |       4283 | NS      | $106389.72    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Mettler-Toledo International Inc                     | Mettler-Toledo International Inc                                            | CUSIP: 592688105<br>LEI: 5493000BD5GJNUDIUG10 | Long             | EC               | CORP              | US        |       3606 | NS      | $4426761.66   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Gap Inc/The                                          | Gap Inc/The                                                                 | CUSIP: 364760108<br>LEI: T2ZG1WRWZ4BUCMQL9224 | Long             | EC               | CORP              | US        |      23766 | NS      | $508354.74    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Lenta International Co PJSC                          | Lenta International Co PJSC                                                 | CUSIP: 52634T200<br>LEI: 213800OMCE8QATH73N15 | Long             | EC               | CORP              | RU        |     351208 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Avis Budget Group Inc                                | Avis Budget Group Inc                                                       | CUSIP: 053774105<br>LEI: 529900E95812SYWMCE44 | Short            | EC               | CORP              | US        |     -11696 | NS      | $-1878085.20  | -0.13%            |  |  |  | No            |                  1 | On Loan: No      |
| Keyera Corp                                          | Keyera Corp                                                                 | CUSIP: 493271100<br>LEI: 254900LXI62FUHZGH122 | Short            | EC               | CORP              | CA        |     -23400 | NS      | $-785044.19   | -0.05%            |  |  |  | No            |                  1 | On Loan: No      |
| Aris Mining Corp                                     | Aris Mining Corp                                                            | CUSIP: 04040Y109<br>LEI: 5493001GJ5TILX6L1F82 | Long             | EC               | CORP              | CA        |      92722 | NS      | $908764.88    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Coeur Mining Inc                                     | Coeur Mining Inc                                                            | CUSIP: 192108504<br>LEI: 5493003AVK173D48DR70 | Short            | EC               | CORP              | US        |     -59000 | NS      | $-1106835.50  | -0.08%            |  |  |  | No            |                  1 | On Loan: No      |
| Genting Plantations Bhd                              | Genting Plantations Bhd                                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | MY        |     549100 | NS      | $632693.41    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Ingersoll Rand Inc                                   | Ingersoll Rand Inc                                                          | CUSIP: 45687V106<br>LEI: 5299004C02FMZCUOIR50 | Short            | EC               | CORP              | US        |      -1180 | NS      | $-97491.60    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| OPKO Health Inc                                      | OPKO Health Inc                                                             | CUSIP: 68375N103<br>LEI: 529900A4S2D4OGOJLL02 | Short            | EC               | CORP              | US        |     -13621 | NS      | $-21112.55    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Scholastic Corp                                      | Scholastic Corp                                                             | CUSIP: 807066105<br>LEI: N/A                  | Short            | EC               | CORP              | US        |      -1094 | NS      | $-29953.72    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Travelers Cos Inc/The                                | Travelers Cos Inc/The                                                       | CUSIP: 89417E109<br>LEI: 549300Y650407RU8B149 | Long             | EC               | CORP              | US        |         63 | NS      | $17590.86     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Charter Communications Inc                           | Charter Communications Inc                                                  | CUSIP: 16119P108<br>LEI: 0J0XRGZE3PBRFEZ7MV65 | Long             | EC               | CORP              | US        |       2586 | NS      | $711421.53    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Deckers Outdoor Corp                                 | Deckers Outdoor Corp                                                        | CUSIP: 243537107<br>LEI: 5493008LG4W3I6K8J118 | Long             | EC               | CORP              | US        |       3618 | NS      | $366756.66    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Western Union Co/The                                 | Western Union Co/The                                                        | CUSIP: 959802109<br>LEI: 28ID94QU1140NC23S047 | Short            | EC               | CORP              | US        |      -9373 | NS      | $-74890.27    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley & Co. LLC                             | NEXGEN ENERGY (CANADA) CDI                                                  | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               |  | CA        |     332349 | OU      | $34671.41     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Extra Space Storage Inc                              | Extra Space Storage Inc                                                     | CUSIP: 30225T102<br>LEI: N/A                  | Long             | EC               |  | US        |       7630 | NS      | $1075372.20   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| BXP Inc                                              | BXP Inc                                                                     | CUSIP: 101121101<br>LEI: 549300OF70FSEUQBT254 | Short            | EC               |  | US        |      -5096 | NS      | $-378836.64   | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| Accelerant Holdings                                  | Accelerant Holdings                                                         | CUSIP: 000000000<br>LEI: 213800VS4CX9ZONTD965 | Long             | EC               | CORP              | KY        |      44050 | NS      | $655904.50    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Ramaco Resources Inc                                 | Ramaco Resources Inc                                                        | CUSIP: 75134P600<br>LEI: 5493001BYUI4TCQOPF70 | Long             | EC               | CORP              | US        |        758 | NS      | $25158.02     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| National Beverage Corp                               | National Beverage Corp                                                      | CUSIP: 635017106<br>LEI: 549300O9MZIQJI8TGV17 | Short            | EC               | CORP              | US        |       -697 | NS      | $-25733.24    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Korean Reinsurance Co                                | Korean Reinsurance Co                                                       | CUSIP: 000000000<br>LEI: 988400GFST66YNV5UF89 | Long             | EC               | CORP              | KR        |      56338 | NS      | $438815.58    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Delta Air Lines Inc                                  | Delta Air Lines Inc                                                         | CUSIP: 247361702<br>LEI: Q2CCMS6R0AS67HJMBN42 | Long             | EC               | CORP              | US        |       1787 | NS      | $101412.25    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | ZOOMINFO TECHNOLOGIES INC                                                   | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |       -288 | NC      | $-4320.00     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Flowco Holdings Inc                                  | Flowco Holdings Inc                                                         | CUSIP: 342909108<br>LEI: N/A                  | Short            | EC               | CORP              | US        |       -649 | NS      | $-9637.65     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Yellow Cake PLC                                      | Yellow Cake PLC                                                             | CUSIP: 000000000<br>LEI: 213800CVMYUGOA9EZY95 | Long             | EC               | CORP              | JE        |     240389 | NS      | $1845638.24   | 0.13%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Teck Resources Ltd                                   | Teck Resources Ltd                                                          | CUSIP: 878742204<br>LEI: T8KI5SQ2JRWHL7XY0E11 | Long             | EC               | CORP              | CA        |       7855 | NS      | $344755.95    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Freshpet Inc                                         | Freshpet Inc                                                                | CUSIP: 358039105<br>LEI: 549300S4ZK8ZQ6HNPN59 | Long             | EC               | CORP              | US        |        368 | NS      | $20280.48     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| CNX Resources Corp                                   | CNX Resources Corp                                                          | CUSIP: 12653C108<br>LEI: 549300JK3KH8PWM3B226 | Long             | EC               | CORP              | US        |        508 | NS      | $16316.96     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Saia Inc                                             | Saia Inc                                                                    | CUSIP: 78709Y105<br>LEI: 549300WNPG4N9GBOYB29 | Short            | EC               | CORP              | US        |      -6065 | NS      | $-1815618.40  | -0.12%            |  |  |  | No            |                  1 | On Loan: No      |
| Frequency Electronics Inc                            | Frequency Electronics Inc                                                   | CUSIP: 358010106<br>LEI: 549300S56SO2JB5JBE31 | Short            | EC               | CORP              | US        |      -1384 | NS      | $-46931.44    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Extreme Networks Inc                                 | Extreme Networks Inc                                                        | CUSIP: 30226D106<br>LEI: 549300WRECW11X94UB57 | Long             | EC               | CORP              | US        |       7253 | NS      | $149774.45    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Cadre Holdings Inc                                   | Cadre Holdings Inc                                                          | CUSIP: 12763L105<br>LEI: 2549006IKQEWJ8M7CB97 | Short            | EC               | CORP              | US        |       -793 | NS      | $-28952.43    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| QXO Inc                                              | QXO Inc                                                                     | CUSIP: 82846H405<br>LEI: 549300HDXQWWCBOYXP31 | Short            | EC               | CORP              | US        |     -37286 | NS      | $-710671.16   | -0.05%            |  |  |  | No            |                  1 | On Loan: No      |
| AMERICAN BITCOIN CORP                                | AMERICAN BITCOIN CORP                                                       | CUSIP: 000000000<br>LEI: 25490076V1MQTR95P592 | Long             | EC               | CORP              | US        |      12250 | NS      | $245000.00    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| KinderCare Learning Cos Inc                          | KinderCare Learning Cos Inc                                                 | CUSIP: 49456W105<br>LEI: N/A                  | Short            | EC               | CORP              | US        |      -1351 | NS      | $-8970.64     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Apartment Investment and Management Co               | Apartment Investment and Management Co                                      | CUSIP: 03748R747<br>LEI: 549300O8FT5GJ4RU1D57 | Short            | EC               |  | US        |       -887 | NS      | $-7033.91     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| TreeHouse Foods Inc                                  | TreeHouse Foods Inc                                                         | CUSIP: 89469A104<br>LEI: 5493007M7EVHE470Q576 | Short            | EC               | CORP              | US        |      -2671 | NS      | $-53980.91    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Rush Enterprises Inc                                 | Rush Enterprises Inc                                                        | CUSIP: 781846209<br>LEI: 529900V3XHTN7A6DFT17 | Short            | EC               | CORP              | US        |        -37 | NS      | $-1978.39     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Las Vegas Sands Corp                                 | Las Vegas Sands Corp                                                        | CUSIP: 517834107<br>LEI: 549300DUOO1KXOHPM605 | Long             | EC               | CORP              | US        |        288 | NS      | $15491.52     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Symbotic Inc                                         | Symbotic Inc                                                                | CUSIP: 87151X101<br>LEI: N/A                  | Short            | EC               | CORP              | US        |      -2545 | NS      | $-137175.50   | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Xometry Inc                                          | Xometry Inc                                                                 | CUSIP: 98423F109<br>LEI: 5493006JFRGU7YRRXE44 | Short            | EC               | CORP              | US        |      -7247 | NS      | $-394744.09   | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| BKV Corp                                             | BKV Corp                                                                    | CUSIP: 05603J108<br>LEI: 549300S3T4Z01TRFU656 | Short            | EC               | CORP              | US        |       -368 | NS      | $-8511.84     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Canaccord Genuity Group Inc                          | Canaccord Genuity Group Inc                                                 | CUSIP: 134801109<br>LEI: 5493002DR5KW4JP7YS87 | Long             | EC               | CORP              | CA        |     121400 | NS      | $936865.70    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Booking Holdings Inc                                 | Booking Holdings Inc                                                        | CUSIP: 09857L108<br>LEI: FXM8FAOHMYDIPD38UZ17 | Long             | EC               | CORP              | US        |       1148 | NS      | $6198361.96   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| NAC Kazatomprom JSC                                  | NAC Kazatomprom JSC                                                         | CUSIP: 63253R102<br>LEI: 5493008JG5TXJP2JSY44 | Long             | EC               | CORP              | KZ        |      61987 | NS      | $3303907.10   | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Lifeway Foods Inc                                    | Lifeway Foods Inc                                                           | CUSIP: 531914109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       3666 | NS      | $101768.16    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Cars.com Inc                                         | Cars.com Inc                                                                | CUSIP: 14575E105<br>LEI: 5493002G6J07LNGX4M98 | Short            | EC               | CORP              | US        |       -248 | NS      | $-3030.56     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Valmont Industries Inc                               | Valmont Industries Inc                                                      | CUSIP: 920253101<br>LEI: 5493009ZGZJJ8F77JN08 | Long             | EC               | CORP              | US        |       4851 | NS      | $1880878.23   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Celsius Holdings Inc                                 | Celsius Holdings Inc                                                        | CUSIP: 15118V207<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       5779 | NS      | $332234.71    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Euroapi SA                                           | Euroapi SA                                                                  | CUSIP: 000000000<br>LEI: 9695002FT7GGI3CKKJ14 | Long             | EC               | CORP              | FR        |     151509 | NS      | $550787.24    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Chart Industries Inc                                 | Chart Industries Inc                                                        | CUSIP: 16115Q308<br>LEI: EM7QGKC1GYOF3LSZSL80 | Long             | EC               | CORP              | US        |        804 | NS      | $160920.60    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley & Co. LLC                             | MP MATERIALS CL A ORD                                                       | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               |  | US        |     502010 | OU      | $16356.41     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Pasofino Gold Ltd                                    | Pasofino Gold Ltd                                                           | CUSIP: 702657305<br>LEI: 529900NG4TWSXJFDII02 | Long             | EC               | CORP              | CA        |      61000 | NS      | $21477.33     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Somnigroup International Inc                         | Somnigroup International Inc                                                | CUSIP: 88023U101<br>LEI: 549300HFEKVR3US71V91 | Short            | EC               | CORP              | US        |      -1846 | NS      | $-155673.18   | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Ionis Pharmaceuticals Inc                            | Ionis Pharmaceuticals Inc                                                   | CUSIP: 462222100<br>LEI: 549300SI4ZGLG0BLUZ92 | Short            | EC               | CORP              | US        |     -13241 | NS      | $-866226.22   | -0.06%            |  |  |  | No            |                  1 | On Loan: No      |
| Merck & Co Inc                                       | Merck & Co Inc                                                              | CUSIP: 58933Y105<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | EC               | CORP              | US        |      18435 | NS      | $1547249.55   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Solaris Resources Inc                                | Solaris Resources Inc                                                       | CUSIP: 83419D201<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |     226000 | NS      | $1442034.92   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Conduent Inc                                         | Conduent Inc                                                                | CUSIP: 206787103<br>LEI: 549300SFJ2D2CYY6CQ11 | Short            | EC               | CORP              | US        |      -8973 | NS      | $-25124.40    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| I3 Verticals Inc                                     | I3 Verticals Inc                                                            | CUSIP: 46571Y107<br>LEI: 549300944CYWVP06CJ97 | Short            | EC               | CORP              | US        |       -725 | NS      | $-23533.50    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| HUYA Inc                                             | HUYA Inc                                                                    | CUSIP: 44852D108<br>LEI: 549300WPEZ00T1MABE80 | Short            | EC               | CORP              | KY        |     -12668 | NS      | $-42184.44    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| BrasilAgro - Co Brasileira de Propriedades Agricolas | BrasilAgro - Co Brasileira de Propriedades Agricolas                        | CUSIP: 000000000<br>LEI: HNU7Z5273PRV5T5S5F07 | Long             | EC               | CORP              | BR        |     119600 | NS      | $455051.90    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Options Clearing Corp.                               | BLACKBERRY LTD                                                              | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | CA        |        551 | NC      | $551.00       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| VF Corp                                              | VF Corp                                                                     | CUSIP: 918204108<br>LEI: CWAJJ9DJ5Z7P057HV541 | Long             | EC               | CORP              | US        |       3845 | NS      | $55483.35     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Expand Energy Corp                                   | Expand Energy Corp                                                          | CUSIP: 165167735<br>LEI: X2MT1W32SPAZ9WSKLE78 | Long             | EC               | CORP              | US        |      18274 | NS      | $1941429.76   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Coloplast A/S                                        | Coloplast A/S                                                               | CUSIP: 000000000<br>LEI: 529900NN7SOJ5QG82X67 | Long             | EC               | CORP              | DK        |      39459 | NS      | $3377453.39   | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Forward Air Corp                                     | Forward Air Corp                                                            | CUSIP: 34986A104<br>LEI: N/A                  | Short            | EC               | CORP              | US        |      -1755 | NS      | $-44998.20    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| S&P Global Inc                                       | S&P Global Inc                                                              | CUSIP: 78409V104<br>LEI: Y6X4K52KMJMZE7I7MY94 | Long             | EC               | CORP              | US        |       8020 | NS      | $3903414.20   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Anterix Inc                                          | Anterix Inc                                                                 | CUSIP: 03676C100<br>LEI: 549300QIX2QHFGIEQG40 | Short            | EC               | CORP              | US        |      -1055 | NS      | $-22650.85    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| West Pharmaceutical Services Inc                     | West Pharmaceutical Services Inc                                            | CUSIP: 955306105<br>LEI: 5493007NKRGM1RJQ1P16 | Long             | EC               | CORP              | US        |       1108 | NS      | $290661.64    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| HDFC Bank Ltd                                        | HDFC Bank Ltd                                                               | CUSIP: 40415F101<br>LEI: 335800ZQ6I4E2JXENC50 | Long             | EC               | CORP              | IN        |       7788 | NS      | $266038.08    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| CRH PLC                                              | CRH PLC                                                                     | CUSIP: 000000000<br>LEI: 549300MIDJNNTH068E74 | Long             | EC               | CORP              | IE        |       6287 | NS      | $753811.30    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Dye & Durham Ltd                                     | Dye & Durham Ltd                                                            | CUSIP: 267488104<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |     125700 | NS      | $668376.81    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Morningstar Inc                                      | Morningstar Inc                                                             | CUSIP: 617700109<br>LEI: 529900YGNQPOVAXQ7F29 | Long             | EC               | CORP              | US        |        359 | NS      | $83291.59     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Flutter Entertainment PLC                            | Flutter Entertainment PLC                                                   | CUSIP: 000000000<br>LEI: 635400EG4YIJLJMZJ782 | Long             | EC               | CORP              | IE        |       1941 | NS      | $493014.00    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| BILL Holdings Inc                                    | BILL Holdings Inc                                                           | CUSIP: 090043100<br>LEI: 549300IBF9VZZIGOZW63 | Short            | EC               | CORP              | US        |      -9876 | NS      | $-523131.72   | -0.04%            |  |  |  | No            |                  1 | On Loan: No      |
| Waters Corp                                          | Waters Corp                                                                 | CUSIP: 941848103<br>LEI: 5T547R1474YC9HOD8Q74 | Long             | EC               | CORP              | US        |      23283 | NS      | $6980476.23   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Eli Lilly & Co                                       | Eli Lilly & Co                                                              | CUSIP: 532457108<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | EC               | CORP              | US        |       1239 | NS      | $945357.00    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| CCC Intelligent Solutions Holdings Inc               | CCC Intelligent Solutions Holdings Inc                                      | CUSIP: 12510Q100<br>LEI: N/A                  | Short            | EC               | CORP              | US        |     -29612 | NS      | $-269765.32   | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| J & J Snack Foods Corp                               | J & J Snack Foods Corp                                                      | CUSIP: 466032109<br>LEI: 894500IGP1Y2ZQFQMJ83 | Short            | EC               | CORP              | US        |      -8064 | NS      | $-774869.76   | -0.05%            |  |  |  | No            |                  1 | On Loan: No      |
| Sensata Technologies Holding PLC                     | Sensata Technologies Holding PLC                                            | CUSIP: 000000000<br>LEI: 529900MS7KFYCY9MS037 | Short            | EC               | CORP              | GB        |       -891 | NS      | $-27220.05    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| UNTRADE.CECEP COSTIN                                 | UNTRADE.CECEP COSTIN                                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | HK        |    1736000 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Global Payments Inc                                  | Global Payments Inc                                                         | CUSIP: 37940X102<br>LEI: 549300NOMHGVQBX6S778 | Long             | EC               | CORP              | US        |       8550 | NS      | $710334.00    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase & Co                                  | JPMorgan Chase & Co                                                         | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |       9192 | NS      | $2899432.56   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Halliburton Co                                       | Halliburton Co                                                              | CUSIP: 406216101<br>LEI: ENYF8GB5SMQZ25S06U51 | Long             | EC               | CORP              | US        |       2605 | NS      | $64083.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Amazon.com Inc                                       | Amazon.com Inc                                                              | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |     122102 | NS      | $26809936.14  | 1.84%             |  |  |  | No            |                  1 | On Loan: No      |
| HP Inc                                               | HP Inc                                                                      | CUSIP: 40434L105<br>LEI: WHKXQACZ14C5XRO8LW03 | Long             | EC               | CORP              | US        |        610 | NS      | $16610.30     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| A-Mark Precious Metals Inc                           | A-Mark Precious Metals Inc                                                  | CUSIP: 00181T107<br>LEI: XP6XYFDZQGKLUMOFGT37 | Long             | EC               | CORP              | US        |      24470 | NS      | $633038.90    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| UiPath Inc                                           | UiPath Inc                                                                  | CUSIP: 90364P105<br>LEI: 5493000YP61KBELDHT53 | Long             | EC               | CORP              | US        |      17044 | NS      | $228048.72    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Sandstorm Gold Ltd                                   | Sandstorm Gold Ltd                                                          | CUSIP: 80013R206<br>LEI: 549300QWJPV45VQF1B33 | Long             | EC               | CORP              | CA        |      37008 | NS      | $463340.16    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| REV Group Inc                                        | REV Group Inc                                                               | CUSIP: 749527107<br>LEI: 549300SRD0SIG5ZZ3X20 | Short            | EC               | CORP              | US        |     -16702 | NS      | $-946502.34   | -0.06%            |  |  |  | No            |                  1 | On Loan: No      |
| CGN Power Co Ltd                                     | CGN Power Co Ltd                                                            | CUSIP: 000000000<br>LEI: 529900D2UINCGWQYBK45 | Long             | EC               | CORP              | CN        |    3576000 | NS      | $1328878.08   | 0.09%             |  |  |  | Yes           |                  2 | On Loan: —       |
| Morgan Stanley & Co. LLC                             | YELLOW CAKE PLC                                                             | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               |  | JE        |    1481595 | OU      | $212786.03    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| BLACKSTONE DIV TRADING STRAT                         | BLACKSTONE DIV TRADING STRAT                                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     150000 | NS      | $15242532.60  | 1.04%             |  |  |  | No            |                  3 | On Loan: No      |
| Bio-Techne Corp                                      | Bio-Techne Corp                                                             | CUSIP: 09073M104<br>LEI: 54930073RLKQ51TILZ35 | Short            | EC               | CORP              | US        |       -304 | NS      | $-16911.52    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Westinghouse Air Brake Technologies Corp             | Westinghouse Air Brake Technologies Corp                                    | CUSIP: 929740108<br>LEI: 06BTX5UWZD0GQ5N5Y745 | Long             | EC               | CORP              | US        |         99 | NS      | $19846.53     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Royalty Pharma PLC                                   | Royalty Pharma PLC                                                          | CUSIP: 000000000<br>LEI: 549300FGFN7VOK8BZR03 | Long             | EC               | CORP              | GB        |        145 | NS      | $5115.60      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Amalgamated Financial Corp                           | Amalgamated Financial Corp                                                  | CUSIP: 022671101<br>LEI: N/A                  | Short            | EC               | CORP              | US        |      -2848 | NS      | $-77323.20    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Maplebear Inc                                        | Maplebear Inc                                                               | CUSIP: 565394103<br>LEI: N/A                  | Short            | EC               | CORP              | US        |      -3675 | NS      | $-135093.00   | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Ryerson Holding Corp                                 | Ryerson Holding Corp                                                        | CUSIP: 783754104<br>LEI: 549300JMA41B3ZHOVE45 | Long             | EC               | CORP              | US        |      18926 | NS      | $432648.36    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Werner Enterprises Inc                               | Werner Enterprises Inc                                                      | CUSIP: 950755108<br>LEI: 549300P6XRGOCHHJST37 | Short            | EC               | CORP              | US        |       -906 | NS      | $-23845.92    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Starbucks Corp                                       | Starbucks Corp                                                              | CUSIP: 855244109<br>LEI: OQSJ1DU9TAOC51A47K68 | Short            | EC               | CORP              | US        |     -24330 | NS      | $-2058318.00  | -0.14%            |  |  |  | No            |                  1 | On Loan: No      |
| Blackbaud Inc                                        | Blackbaud Inc                                                               | CUSIP: 09227Q100<br>LEI: 54930056X3HKFMNG3754 | Long             | EC               | CORP              | US        |      21086 | NS      | $1356040.66   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Motorola Solutions Inc                               | Motorola Solutions Inc                                                      | CUSIP: 620076307<br>LEI: 6S552MUG6KGJVEBSEC55 | Long             | EC               | CORP              | US        |         37 | NS      | $16919.73     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Fair Isaac Corp                                      | Fair Isaac Corp                                                             | CUSIP: 303250104<br>LEI: RI6HET5SJUEY30V1PS26 | Long             | EC               | CORP              | US        |         75 | NS      | $112239.75    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| NIKE Inc                                             | NIKE Inc                                                                    | CUSIP: 654106103<br>LEI: 787RXPR0UX0O0XUXPZ81 | Short            | EC               | CORP              | US        |     -23083 | NS      | $-1609577.59  | -0.11%            |  |  |  | No            |                  1 | On Loan: No      |
| Corcept Therapeutics Inc                             | Corcept Therapeutics Inc                                                    | CUSIP: 218352102<br>LEI: 529900EO9LUTFMZ7FF90 | Long             | EC               | CORP              | US        |       4640 | NS      | $385630.40    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| MoonLake Immunotherapeutics                          | MoonLake Immunotherapeutics                                                 | CUSIP: 61559X104<br>LEI: N/A                  | Short            | EC               | CORP              | KY        |      -9067 | NS      | $-65010.39    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| IDEXX Laboratories Inc                               | IDEXX Laboratories Inc                                                      | CUSIP: 45168D104<br>LEI: OGMTXK0LUU1HKV2P0J84 | Long             | EC               | CORP              | US        |       7728 | NS      | $4937341.92   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Shutterstock Inc                                     | Shutterstock Inc                                                            | CUSIP: 825690100<br>LEI: 529900G2TDIS56V0LO22 | Short            | EC               | CORP              | US        |       -337 | NS      | $-7026.45     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| i-80 Gold Corp                                       | i-80 Gold Corp                                                              | CUSIP: 44955L148<br>LEI: 549300LFFIWIGUEXPK11 | N/A              | DE               |  | CA        |     310750 | NS      | $62520.66     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Reliance Inc                                         | Reliance Inc                                                                | CUSIP: 759509102<br>LEI: 549300E287ZOFT3C5Z56 | Long             | EC               | CORP              | US        |        104 | NS      | $29206.32     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Mohawk Industries Inc                                | Mohawk Industries Inc                                                       | CUSIP: 608190104<br>LEI: 549300JI1115MG3Q6322 | Long             | EC               | CORP              | US        |       1955 | NS      | $252038.60    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Old Republic International Corp                      | Old Republic International Corp                                             | CUSIP: 680223104<br>LEI: 549300IV6O2YY2A1KH37 | Long             | EC               | CORP              | US        |        412 | NS      | $17497.64     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Warner Bros Discovery Inc                            | Warner Bros Discovery Inc                                                   | CUSIP: 934423104<br>LEI: 5493006ZCRFWKF6B1K26 | Short            | EC               | CORP              | US        |     -27551 | NS      | $-538071.03   | -0.04%            |  |  |  | No            |                  1 | On Loan: No      |
| Fastly Inc                                           | Fastly Inc                                                                  | CUSIP: 31188V100<br>LEI: 549300E2FZC83FJ3H565 | Short            | EC               | CORP              | US        |      -3654 | NS      | $-31241.70    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Stepan Co                                            | Stepan Co                                                                   | CUSIP: 858586100<br>LEI: IZU1EW9GB3WC7CYCSR17 | Long             | EC               | CORP              | US        |      10730 | NS      | $511821.00    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Bristol-Myers Squibb Co                              | Bristol-Myers Squibb Co                                                     | CUSIP: 110122108<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | EC               | CORP              | US        |       7789 | NS      | $351283.90    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| STAAR Surgical Co                                    | STAAR Surgical Co                                                           | CUSIP: 852312305<br>LEI: 5299006LRHI7OJ8BY308 | Short            | EC               | CORP              | US        |       -900 | NS      | $-24183.00    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| ARS Pharmaceuticals Inc                              | ARS Pharmaceuticals Inc                                                     | CUSIP: 82835W108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      40719 | NS      | $409225.95    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Impala Platinum Holdings Ltd                         | Impala Platinum Holdings Ltd                                                | CUSIP: 000000000<br>LEI: 254900BZFIFB4PD2Z778 | Long             | EC               | CORP              | ZA        |     404773 | NS      | $5190816.36   | 0.36%             |  |  |  | No            |                  2 | On Loan: No      |
| VTB Bank PJSC                                        | VTB Bank PJSC                                                               | CUSIP: 000000000<br>LEI: 253400V1H6ART1UQ0N98 | Long             | EC               | CORP              | RU        |     530060 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Ingevity Corp                                        | Ingevity Corp                                                               | CUSIP: 45688C107<br>LEI: 5493009UTFC4B5IMGF87 | Long             | EC               | CORP              | US        |      10361 | NS      | $571823.59    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Teleperformance SE                                   | Teleperformance SE                                                          | CUSIP: 000000000<br>LEI: 9695004GI61FHFFNRG61 | Long             | EC               | CORP              | FR        |       6803 | NS      | $507167.07    | 0.03%             |  |  |  | No            |                  2 | On Loan: —       |
| NexGen Energy Ltd                                    | NexGen Energy Ltd                                                           | CUSIP: 65340P106<br>LEI: 529900N0IXNXB3IP7F06 | Long             | EC               | CORP              | CA        |     139226 | NS      | $1246072.70   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Equinox Gold Corp                                    | Equinox Gold Corp                                                           | CUSIP: 29446Y502<br>LEI: 5493005IN4V1SNP9PN75 | Long             | EC               | CORP              | CA        |      36515 | NS      | $409045.66    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| SWIFTMERGE ACQUISITION CORP                          | SWIFTMERGE ACQUISITION CORP                                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       1728 | NS      | $7266.24      | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Maravai LifeSciences Holdings Inc                    | Maravai LifeSciences Holdings Inc                                           | CUSIP: 56600D107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     218197 | NS      | $626225.39    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| PAR Technology Corp                                  | PAR Technology Corp                                                         | CUSIP: 698884103<br>LEI: 549300HYPTHBJQINVG57 | Long             | EC               | CORP              | US        |      13698 | NS      | $542166.84    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| PrimeEnergy Resources Corp                           | PrimeEnergy Resources Corp                                                  | CUSIP: 74158E104<br>LEI: 9QMD37QNHRX1B7685Y44 | Short            | EC               | CORP              | US        |       -252 | NS      | $-42091.56    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Capital One Financial Corp                           | Capital One Financial Corp                                                  | CUSIP: 14040H105<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | EC               | CORP              | US        |       4418 | NS      | $939178.44    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| First Quantum Minerals Ltd                           | First Quantum Minerals Ltd                                                  | CUSIP: 335934105<br>LEI: 549300I7UVBGWRYMYZ18 | Long             | EC               | CORP              | CA        |      65596 | NS      | $1483769.55   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| American International Group Inc                     | American International Group Inc                                            | CUSIP: 026874784<br>LEI: ODVCVCQG2BP6VHV36M30 | Long             | EC               | CORP              | US        |       2223 | NS      | $174594.42    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Yoma Strategic Holdings Ltd                          | Yoma Strategic Holdings Ltd                                                 | CUSIP: 000000000<br>LEI: 529900WRBT4SP5D5ZN49 | Long             | EC               | CORP              | SG        |    3695700 | NS      | $250036.69    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Arrow Electronics Inc                                | Arrow Electronics Inc                                                       | CUSIP: 042735100<br>LEI: 549300YNNLBXT8N8R512 | Long             | EC               | CORP              | US        |       4013 | NS      | $485573.00    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| BellRing Brands Inc                                  | BellRing Brands Inc                                                         | CUSIP: 07831C103<br>LEI: 549300S3BOK5CMTS8054 | Long             | EC               | CORP              | US        |      10964 | NS      | $398541.40    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Everus Construction Group Inc                        | Everus Construction Group Inc                                               | CUSIP: 300426103<br>LEI: 2549006JMMHR0KILT425 | Short            | EC               | CORP              | US        |      -5546 | NS      | $-475569.50   | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| SimilarWeb Ltd                                       | SimilarWeb Ltd                                                              | CUSIP: 000000000<br>LEI: 254900GWO7PNBAYCPJ12 | Long             | EC               | CORP              | IL        |     183647 | NS      | $1707917.10   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Gannett Co Inc                                       | Gannett Co Inc                                                              | CUSIP: 36472T109<br>LEI: 549300JQ2PU0RI3ZBA32 | Short            | EC               | CORP              | US        |      -2384 | NS      | $-9845.92     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Moderna Inc                                          | Moderna Inc                                                                 | CUSIP: 60770K107<br>LEI: 549300EI6OKH5K5Q2G38 | Short            | EC               | CORP              | US        |    -149457 | NS      | $-3860474.31  | -0.26%            |  |  |  | No            |                  1 | On Loan: No      |
| Globant SA                                           | Globant SA                                                                  | CUSIP: 000000000<br>LEI: 2221008DCMSPYS42DS88 | Short            | EC               | CORP              | LU        |      -9834 | NS      | $-564274.92   | -0.04%            |  |  |  | No            |                  1 | On Loan: No      |
| ASX Clear (Futures)                                  | SPI 200 FUTURES DEC25                                                       | CUSIP: 000000000<br>LEI: 549300ZD7BBOVZFVHK49 | N/A              | DE               |  | AU        |        -12 | NC      | $8039.65      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Coca-Cola Femsa SAB de CV                            | Coca-Cola Femsa SAB de CV                                                   | CUSIP: 191241108<br>LEI: 5493008KEVFYPMGTXO33 | Long             | EC               | CORP              | MX        |       3750 | NS      | $311625.00    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Confluent Inc                                        | Confluent Inc                                                               | CUSIP: 20717M103<br>LEI: 254900MRZ83YWUV7SN74 | Long             | EC               | CORP              | US        |      93838 | NS      | $1857992.40   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Edgewell Personal Care Co                            | Edgewell Personal Care Co                                                   | CUSIP: 28035Q102<br>LEI: 549300CY8QZDL4Z3RU59 | Short            | EC               | CORP              | US        |       -472 | NS      | $-9609.92     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Littelfuse Inc                                       | Littelfuse Inc                                                              | CUSIP: 537008104<br>LEI: 549300MY7HLQFYTPCX75 | Short            | EC               | CORP              | US        |      -1839 | NS      | $-476319.39   | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| Polyus PJSC                                          | Polyus PJSC                                                                 | CUSIP: 000000000<br>LEI: 549300FUXVT7TF6ZKV71 | Long             | EC               | CORP              | RU        |      34231 | NS      | $0.00         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Repay Holdings Corp                                  | Repay Holdings Corp                                                         | CUSIP: 76029L100<br>LEI: 2549006EJ42T73ZKUI98 | Long             | EC               | CORP              | US        |     114224 | NS      | $597391.52    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Mobileye Global Inc                                  | Mobileye Global Inc                                                         | CUSIP: 60741F104<br>LEI: N/A                  | Short            | EC               | CORP              | US        |     -20706 | NS      | $-292368.72   | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| ConocoPhillips                                       | ConocoPhillips                                                              | CUSIP: 20825C104<br>LEI: WPTL2Z3FIYTHSP5V2253 | Long             | EC               | CORP              | US        |       4786 | NS      | $452707.74    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Summit Hotel Properties Inc                          | Summit Hotel Properties Inc                                                 | CUSIP: 866082100<br>LEI: 254900OBQWJK6X20LS71 | Short            | EC               |  | US        |     -12387 | NS      | $-68004.63    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Surgery Partners Inc                                 | Surgery Partners Inc                                                        | CUSIP: 86881A100<br>LEI: 549300LC82HG33S19I03 | Short            | EC               | CORP              | US        |       -187 | NS      | $-4046.68     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Borr Drilling Ltd                                    | Borr Drilling Ltd                                                           | CUSIP: 000000000<br>LEI: 213800J2JPCTXLHQ5R78 | Long             | EC               | CORP              | BM        |     115314 | NS      | $310194.66    | 0.02%             |  |  |  | No            |                  1 | On Loan: —       |

### Signature

**Date Signed:** 2025-10-27

**Name of Applicant:** TIFF INVESTMENT PROGRAM

**Signature:** Katherine Billings

**Name of Signer:** Katherine Billings

**Title:** Treasurer and Chief Financial Officer