# EDGAR Filing Document

**Accession Number:** 0001643174
**File Stem:** 0000894189-25-012156
**Filing Date:** 2025-10
**Character Count:** 124027
**Document Hash:** ed34e4b8955080d050c5b6925a07117d
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000894189-25-012156.hdr.sgml**: 20251028

**ACCESSION NUMBER**: 0000894189-25-012156

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250831

**FILED AS OF DATE**: 20251028

**DATE AS OF CHANGE**: 20251028

**PERIOD START**: 20251130

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Horizon Funds
- **CENTRAL INDEX KEY:** 0001643174

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1130

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23063
- **FILM NUMBER:** 251423690

**BUSINESS ADDRESS:**
- **STREET 1:** 6210 ARDREY KELL ROAD
- **STREET 2:** SUITE 300
- **CITY:** CHARLOTTE
- **STATE:** NC
- **ZIP:** 28277
- **BUSINESS PHONE:** 704-544-2399

**MAIL ADDRESS:**
- **STREET 1:** 6210 ARDREY KELL ROAD
- **STREET 2:** SUITE 300
- **CITY:** CHARLOTTE
- **STATE:** NC
- **ZIP:** 28277

## Series and Classes Contracts Data

### Horizon Defensive Core Fund (Series ID: S000065863)

| Class ID   | Class Name     | Ticker Symbol   |
|:---|:---|:---|
| C000212785 | Investor Class | HESGX           |
| C000212787 | Advisor Class  | HESAX           |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **Horizon Defensive Core Fund** | **Horizon Defensive Core Fund** | **Horizon Defensive Core Fund** |
| **Schedule of Investments** | **Schedule of Investments** | **Schedule of Investments** |
| **August 31, 2025 (Unaudited)** | **August 31, 2025 (Unaudited)** | **August 31, 2025 (Unaudited)** |
| **COMMON STOCKS - 99.9%** | **Shares** | **Value**  |
| **Aerospace & Defense - 0.6%** | **Aerospace & Defense - 0.6%** | |
| Axon Enterprise, Inc. <sup>(a)</sup> | 758 | $566446 |
| General Dynamics Corp. | 1968 | 638754 |
| Howmet Aerospace, Inc. | 3105 | 540580 |
| L3Harris Technologies, Inc. | 1914 | 531365 |
| TransDigm Group, Inc. | 419 | 586131 |
|  |  | 2863276 |
| **Air Freight & Logistics - 0.3%** | **Air Freight & Logistics - 0.3%** |  |
| Expeditors International of Washington, Inc. | 3306 | 398505 |
| FedEx Corp. | 1665 | 384731 |
| United Parcel Service, Inc. - Class B | 6822 | 596516 |
|  |  | 1379752 |
| **Automobile Components - 0.1%** | **Automobile Components - 0.1%** |  |
| Aptiv PLC <sup>(a)</sup> | 6838 | 543826 |
| **Automobiles - 2.4%** | **Automobiles - 2.4%** |  |
| Ford Motor Co. | 40426 | 475814 |
| General Motors Co. | 8585 | 502995 |
| Tesla, Inc. <sup>(a)</sup> | 30743 | 10264166 |
|  |  | 11242975 |
| **Banks - 3.6%** | **Banks - 3.6%** |  |
| Bank of America Corp. | 70979 | 3601474 |
| Fifth Third Bancorp | 10389 | 475505 |
| JPMorgan Chase & Co. | 26729 | 8056655 |
| M&T Bank Corp. | 2283 | 460390 |
| PNC Financial Services Group, Inc. | 2938 | 609459 |
| Regions Financial Corp. | 18727 | 512932 |
| US Bancorp | 11807 | 576536 |
| Wells Fargo & Co. | 29932 | 2459812 |
|  |  | 16752763 |
| **Beverages - 1.2%** | **Beverages - 1.2%** |  |
| Coca-Cola Co. | 37706 | 2601337 |
| Constellation Brands, Inc. - Class A | 2177 | 352543 |
| Keurig Dr Pepper, Inc. | 11600 | 337444 |
| Monster Beverage Corp. <sup>(a)</sup> | 6856 | 427883 |
| PepsiCo, Inc. | 11864 | 1763584 |
|  |  | 5482791 |
| **Biotechnology - 1.3%** | **Biotechnology - 1.3%** |  |
| AbbVie, Inc. | 15347 | 3229009 |
| Biogen, Inc. <sup>(a)</sup> | 2943 | 389123 |
| Gilead Sciences, Inc. | 10183 | 1150373 |
| Regeneron Pharmaceuticals, Inc. | 811 | 470948 |
| Vertex Pharmaceuticals, Inc. <sup>(a)</sup> | 2177 | 851251 |
|  |  | 6090704 |
| **Broadline Retail - 4.7%** | **Broadline Retail - 4.7%** |  |
| Amazon.com, Inc. <sup>(a)</sup> | 95341 | 21833089 |
| **Building Products - 0.3%** | **Building Products - 0.3%** |  |
| Builders FirstSource, Inc. <sup>(a)</sup> | 3217 | 446134 |
| Masco Corp. | 5812 | 426543 |
| Trane Technologies PLC | 1764 | 733118 |
|  |  | 1605795 |
| **Capital Markets - 1.8%** | **Capital Markets - 1.8%** |  |
| Blackrock, Inc. | 1349 | 1520512 |
| Blackstone, Inc. | 6141 | 1052567 |
| CBOE Global Markets, Inc. | 1783 | 420699 |
| CME Group, Inc. | 2820 | 751558 |
| FactSet Research Systems, Inc. | 880 | 328521 |
| Intercontinental Exchange, Inc. | 4676 | 825782 |
| Moody's Corp. | 1384 | 705508 |
| MSCI, Inc. | 706 | 400810 |
| Nasdaq, Inc. | 5313 | 503354 |
| S&P Global, Inc. | 2660 | 1458850 |
| T. Rowe Price Group, Inc. | 4377 | 471053 |
|  |  | 8439214 |
| **Chemicals - 1.1%** | **Chemicals - 1.1%** |  |
| Air Products & Chemicals, Inc. | 1609 | 473223 |
| Corteva, Inc. | 6398 | 474668 |
| DuPont de Nemours, Inc. | 5419 | 416829 |
| Ecolab, Inc. | 2074 | 574581 |
| Linde PLC | 4113 | 1967207 |
| PPG Industries, Inc. | 3692 | 410661 |
| Sherwin-Williams Co. | 1914 | 700199 |
|  |  | 5017368 |
| **Commercial Services & Supplies - 0.7%** | **Commercial Services & Supplies - 0.7%** |  |
| Cintas Corp. | 3057 | 642062 |
| Copart, Inc. <sup>(a)</sup> | 7128 | 347918 |
| Republic Services, Inc. | 2264 | 529708 |
| Rollins, Inc. | 7427 | 419923 |
| Veralto Corp. | 4113 | 436759 |
| Waste Management, Inc. | 3096 | 700903 |
|  |  | 3077273 |
| **Communications Equipment - 1.1%** | **Communications Equipment - 1.1%** |  |
| Arista Networks, Inc. <sup>(a)</sup> | 10672 | 1457261 |
| Cisco Systems, Inc. | 35341 | 2441710 |
| F5, Inc. <sup>(a)</sup> | 1501 | 470023 |
| Motorola Solutions, Inc. | 1204 | 568842 |
|  |  | 4937836 |
| **Construction & Engineering - 0.1%** | **Construction & Engineering - 0.1%** |  |
| Quanta Services, Inc. | 1587 | 599823 |
| **Construction Materials - 0.2%** | **Construction Materials - 0.2%** |  |
| Martin Marietta Materials, Inc. | 847 | 522091 |
| Vulcan Materials Co. | 1735 | 505162 |
|  |  | 1027253 |
| **Consumer Finance - 0.6%** | **Consumer Finance - 0.6%** |  |
| American Express Co. | 6282 | 2081101 |
| Synchrony Financial | 7695 | 587436 |
|  |  | 2668537 |
| **Consumer Staples Distribution & Retail - 2.6%** | **Consumer Staples Distribution & Retail - 2.6%** |  |
| Costco Wholesale Corp. | 3918 | 3695928 |
| Dollar Tree, Inc. <sup>(a)</sup> | 5276 | 575981 |
| Sysco Corp. | 5343 | 429951 |
| Target Corp. | 3809 | 365588 |
| Walmart, Inc. | 70815 | 6867638 |
|  |  | 11935086 |
| **Containers & Packaging - 0.3%** | **Containers & Packaging - 0.3%** |  |
| Avery Dennison Corp. | 2254 | 386899 |
| Packaging Corp. of America | 2033 | 443113 |
| Smurfit WestRock PLC | 9008 | 426619 |
|  |  | 1256631 |
| **Distributors - 0.1%** | **Distributors - 0.1%** |  |
| Genuine Parts Co. | 3418 | 476230 |
| **Diversified Telecommunication Services - 0.4%** | **Diversified Telecommunication Services - 0.4%** |  |
| AT&T, Inc. | 60516 | 1772514 |
| **Electric Utilities - 1.5%** | **Electric Utilities - 1.5%** |  |
| American Electric Power Co., Inc. | 3699 | 410663 |
| Constellation Energy Corp. | 2440 | 751471 |
| Duke Energy Corp. | 5819 | 712769 |
| Edison International | 6824 | 383031 |
| Evergy, Inc. | 5858 | 417441 |
| Exelon Corp. | 8746 | 382025 |
| NextEra Energy, Inc. | 16941 | 1220599 |
| NRG Energy, Inc. | 4175 | 607713 |
| PG&E Corp. | 23380 | 357247 |
| PPL Corp. | 11182 | 407808 |
| Southern Co. | 8407 | 775966 |
| Xcel Energy, Inc. | 5706 | 413057 |
|  |  | 6839790 |
| **Electrical Equipment - 0.5%** | **Electrical Equipment - 0.5%** |  |
| AMETEK, Inc. | 2343 | 432986 |
| Eaton Corp. PLC | 3322 | 1159843 |
| Hubbell, Inc. | 1224 | 527532 |
|  |  | 2120361 |
| **Electronic Equipment, Instruments & Components - 0.7%** | **Electronic Equipment, Instruments & Components - 0.7%** |  |
| Amphenol Corp. - Class A | 9451 | 1028836 |
| Keysight Technologies, Inc. <sup>(a)</sup> | 2684 | 438646 |
| TE Connectivity PLC | 2840 | 586460 |
| Teledyne Technologies, Inc. <sup>(a)</sup> | 807 | 434303 |
| Trimble, Inc. <sup>(a)</sup> | 6197 | 500842 |
| Zebra Technologies Corp. - Class A <sup>(a)</sup> | 1413 | 448048 |
|  |  | 3437135 |
| **Energy Equipment & Services - 0.2%** | **Energy Equipment & Services - 0.2%** |  |
| Baker Hughes & GE Co., Class A | 9115 | 413821 |
| Halliburton Co. | 15854 | 360361 |
| Schlumberger, Ltd. | 9601 | 353701 |
|  |  | 1127883 |
| **Entertainment - 1.7%** | **Entertainment - 1.7%** |  |
| Electronic Arts, Inc. | 2768 | 475957 |
| Live Nation Entertainment, Inc. <sup>(a)</sup> | 3076 | 512123 |
| Netflix, Inc. <sup>(a)</sup> | 4095 | 4947784 |
| Walt Disney Co. | 16049 | 1899881 |
|  |  | 7835745 |
| **Financial Services - 4.9%** | **Financial Services - 4.9%** |  |
| Berkshire Hathaway, Inc. - Class B <sup>(a)</sup> | 20232 | 10176291 |
| Corpay, Inc. <sup>(a)</sup> | 1153 | 375498 |
| Global Payments, Inc. | 4100 | 364162 |
| MasterCard, Inc. - Class A | 8362 | 4977815 |
| PayPal Holdings, Inc. <sup>(a)</sup> | 7679 | 538989 |
| Visa, Inc. - Class A | 17957 | 6316913 |
|  |  | 22749668 |
| **Food Products - 0.6%** | **Food Products - 0.6%** |  |
| Archer-Daniels-Midland Co. | 8414 | 527053 |
| General Mills, Inc. | 6686 | 329820 |
| Hershey Co. | 2360 | 433650 |
| McCormick & Co., Inc. | 4897 | 344602 |
| Mondelez International, Inc. - Class A | 9723 | 597381 |
| Tyson Foods, Inc., - Class A | 6341 | 360042 |
|  |  | 2592548 |
| **Gas Utilities - 0.1%** | **Gas Utilities - 0.1%** |  |
| Atmos Energy Corp. | 2604 | 432603 |
| **Ground Transportation - 0.9%** | **Ground Transportation - 0.9%** |  |
| CSX Corp. | 13717 | 445940 |
| JB Hunt Transport Services, Inc. | 2735 | 396548 |
| Old Dominion Freight Line, Inc. | 2428 | 366555 |
| Uber Technologies, Inc. <sup>(a)</sup> | 18242 | 1710187 |
| Union Pacific Corp. | 5070 | 1133500 |
|  |  | 4052730 |
| **Health Care - 0.0%<sup>(b)</sup>** | **Health Care - 0.0%<sup>(b)</sup>** |  |
| ABIOMED INC <sup>(a)(c)</sup> | 239 | 0 |
| **Health Care Equipment & Supplies - 2.5%** | **Health Care Equipment & Supplies - 2.5%** |  |
| Abbott Laboratories | 14598 | 1936571 |
| Becton Dickinson & Co. | 2055 | 396574 |
| Boston Scientific Corp. <sup>(a)</sup> | 12772 | 1347446 |
| Cooper Cos., Inc. <sup>(a)</sup> | 4878 | 328753 |
| Dexcom, Inc. <sup>(a)</sup> | 6009 | 452718 |
| Edwards Lifesciences Corp. <sup>(a)</sup> | 5602 | 455667 |
| Hologic, Inc. <sup>(a)</sup> | 6532 | 438428 |
| IDEXX Laboratories, Inc. <sup>(a)</sup> | 954 | 617324 |
| Insulet Corp. <sup>(a)</sup> | 1535 | 521716 |
| Intuitive Surgical, Inc. <sup>(a)</sup> | 3202 | 1515491 |
| Medtronic PLC | 10318 | 957613 |
| ResMed, Inc. | 1812 | 497412 |
| STERIS PLC | 1774 | 434736 |
| Stryker Corp. | 3164 | 1238421 |
| Zimmer Biomet Holdings, Inc. | 3564 | 378140 |
|  |  | 11517010 |
| **Health Care Providers & Services - 0.4%** | **Health Care Providers & Services - 0.4%** |  |
| Elevance Health, Inc. | 1774 | 565285 |
| HCA Healthcare, Inc. | 1826 | 737631 |
| Quest Diagnostics, Inc. | 2366 | 429760 |
|  |  | 1732676 |
| **Hotels, Restaurants & Leisure - 1.8%** | **Hotels, Restaurants & Leisure - 1.8%** |  |
| Airbnb, Inc. - Class A <sup>(a)</sup> | 5058 | 660221 |
| Booking Holdings, Inc. | 289 | 1618125 |
| Chipotle Mexican Grill, Inc. <sup>(a)</sup> | 9662 | 407157 |
| Darden Restaurants, Inc. | 1939 | 401257 |
| Domino's Pizza, Inc. | 865 | 396429 |
| Expedia Group, Inc. | 2440 | 524112 |
| Hilton Worldwide Holdings, Inc. | 1783 | 492215 |
| Las Vegas Sands Corp. | 10273 | 592033 |
| McDonald's Corp. | 6282 | 1969658 |
| Starbucks Corp. | 9178 | 809408 |
| Yum! Brands, Inc. | 2545 | 374039 |
|  |  | 8244654 |
| **Household Durables - 0.4%** | **Household Durables - 0.4%** |  |
| DR Horton, Inc. | 3182 | 539285 |
| Garmin, Ltd. | 1873 | 452929 |
| Lennar Corp., - Class A | 3526 | 469452 |
| NVR, Inc. <sup>(a)</sup> | 50 | 405882 |
|  |  | 1867548 |
| **Household Products - 1.0%** | **Household Products - 1.0%** |  |
| Church & Dwight Co., Inc. | 3644 | 339475 |
| Clorox Co. | 2722 | 321740 |
| Colgate-Palmolive Co. | 5892 | 495340 |
| Kimberly-Clark Corp. | 2811 | 363013 |
| Procter & Gamble Co. | 20794 | 3265490 |
|  |  | 4785058 |
| **Independent Power and Renewable Electricity Producers - 0.1%** | **Independent Power and Renewable Electricity Producers - 0.1%** |  |
| Vistra Corp. | 3404 | 643730 |
| **Industrial Conglomerates - 0.3%** | **Industrial Conglomerates - 0.3%** |  |
| Honeywell International, Inc. | 5466 | 1199787 |
| **Insurance - 1.6%** | **Insurance - 1.6%** |  |
| Allstate Corp. | 1930 | 392658 |
| Aon PLC - Class A | 1650 | 605550 |
| Arch Capital Group Ltd. | 4205 | 384884 |
| Brown & Brown, Inc. | 3237 | 313827 |
| Chubb Ltd. | 3213 | 883800 |
| Cincinnati Financial Corp. | 2740 | 420864 |
| Erie Indemnity Co. - Class A | 964 | 341622 |
| Everest Group Ltd. | 1103 | 377094 |
| Hartford Insurance Group, Inc. | 3251 | 430140 |
| Marsh & McLennan Cos., Inc. | 3931 | 809039 |
| Progressive Corp. | 4805 | 1187123 |
| Travelers Cos., Inc. | 1559 | 423284 |
| Willis Towers Watson PLC | 1188 | 388227 |
| WR Berkley Corp. | 5680 | 407199 |
|  |  | 7365311 |
| **Interactive Media & Services - 8.7%** | **Interactive Media & Services - 8.7%** |  |
| Alphabet, Inc. - Class A | 102924 | 21913549 |
| Meta Platforms, Inc. - Class A | 25047 | 18502219 |
|  |  | 40415768 |
| **IT Services - 0.1%** | **IT Services - 0.1%** |  |
| VeriSign, Inc. | 1560 | 426457 |
| **Life Sciences Tools & Services - 1.1%** | **Life Sciences Tools & Services - 1.1%** |  |
| Agilent Technologies, Inc. | 3480 | 437297 |
| Danaher Corp. | 6256 | 1287610 |
| IQVIA Holdings, Inc. <sup>(a)</sup> | 2299 | 438672 |
| Mettler-Toledo International, Inc. <sup>(a)</sup> | 342 | 444956 |
| Thermo Fisher Scientific, Inc. | 3409 | 1679682 |
| Waters Corp. <sup>(a)</sup> | 1098 | 331376 |
| West Pharmaceutical Services, Inc. | 1801 | 444757 |
|  |  | 5064350 |
| **Machinery - 1.6%** | **Machinery - 1.6%** |  |
| Caterpillar, Inc. | 4251 | 1781339 |
| Cummins, Inc. | 1294 | 515581 |
| Dover Corp. | 2292 | 409947 |
| Fortive Corp. | 5501 | 263278 |
| IDEX Corp. | 2222 | 365519 |
| Illinois Tool Works, Inc. | 2242 | 593345 |
| Ingersoll Rand, Inc. | 5060 | 401916 |
| PACCAR, Inc. | 4147 | 414617 |
| Parker-Hannifin Corp. | 1031 | 782890 |
| Pentair PLC | 4628 | 497649 |
| Snap-on, Inc. | 1194 | 388337 |
| Wabtec Corp. | 2209 | 427441 |
| Xylem, Inc. | 3371 | 477199 |
|  |  | 7319058 |
| **Media - 0.5%** | **Media - 0.5%** |  |
| Comcast Corp. - Class A | 32170 | 1092815 |
| Fox Corp. - Class A | 7212 | 430557 |
| News Corp., - Class A | 14898 | 438150 |
| Omnicom Group, Inc. | 5037 | 394548 |
|  |  | 2356070 |
| **Metals & Mining - 0.4%** | **Metals & Mining - 0.4%** |  |
| Freeport-McMoRan, Inc. | 10960 | 486624 |
| Newmont Goldcorp Corp. | 8249 | 613726 |
| Nucor Corp. | 3341 | 496907 |
| Steel Dynamics, Inc. | 3231 | 423002 |
|  |  | 2020259 |
| **Multi-Utilities - 0.4%** | **Multi-Utilities - 0.4%** |  |
| Ameren Corp. | 4001 | 399220 |
| CMS Energy Corp. | 5368 | 384188 |
| Consolidated Edison, Inc. | 3644 | 357950 |
| DTE Energy Co. | 2922 | 399291 |
| WEC Energy Group, Inc. | 3687 | 392702 |
|  |  | 1933351 |
| **Oil, Gas & Consumable Fuels - 1.8%** | **Oil, Gas & Consumable Fuels - 1.8%** |  |
| ConocoPhillips | 10353 | 1024636 |
| Coterra Energy, Inc. | 13857 | 338665 |
| Devon Energy Corp. | 10761 | 388472 |
| Diamondback Energy, Inc. | 2507 | 372941 |
| EOG Resources, Inc. | 4074 | 508517 |
| Exxon Mobil Corp. | 39575 | 4523027 |
| Targa Resources Corp. | 2022 | 339211 |
| Texas Pacific Land Corp. | 303 | 282845 |
| Williams Cos., Inc. | 9031 | 522714 |
|  |  | 8301028 |
| **Passenger Airlines - 0.1%** | **Passenger Airlines - 0.1%** |  |
| United Airlines Holdings, Inc. <sup>(a)</sup> | 6127 | 643335 |
| **Pharmaceuticals - 2.8%** | **Pharmaceuticals - 2.8%** |  |
| Eli Lilly & Co. | 8955 | 6560254 |
| Johnson & Johnson | 22404 | 3969317 |
| Merck & Co., Inc. | 22146 | 1862921 |
| Zoetis, Inc. | 3254 | 508926 |
|  |  | 12901418 |
| **Professional Services - 0.5%** | **Professional Services - 0.5%** |  |
| Automatic Data Processing, Inc. | 3314 | 1007622 |
| Broadridge Financial Solutions, Inc. | 1650 | 421773 |
| Leidos Holdings, Inc. | 3000 | 542760 |
| Verisk Analytics, Inc. | 1349 | 361694 |
|  |  | 2333849 |
| **Real Estate - 1.9%** | **Real Estate - 1.9%** |  |
| Alexandria Real Estate Equities, Inc. | 4411 | 363643 |
| American Tower Corp. | 3544 | 722444 |
| AvalonBay Communities, Inc. | 1881 | 368394 |
| Equinix, Inc. | 752 | 591215 |
| Equity Residential | 5654 | 373842 |
| Essex Property Trust, Inc. | 1314 | 355056 |
| Extra Space Storage, Inc. | 2725 | 391255 |
| Healthpeak Properties, Inc. | 19981 | 358459 |
| Invitation Homes, Inc. | 11660 | 364841 |
| Kimco Realty Corp. | 19046 | 428345 |
| Mid-America Apartment Communities, Inc. | 2417 | 352447 |
| Prologis, Inc. | 7392 | 841062 |
| Public Storage | 1350 | 397697 |
| Regency Centers Corp. | 5485 | 397663 |
| SBA Communications Corp. | 1830 | 374875 |
| Simon Property Group, Inc. | 2428 | 438642 |
| UDR, Inc. | 8966 | 354785 |
| VICI Properties, Inc. | 12483 | 421676 |
| Welltower, Inc. | 4954 | 833659 |
|  |  | 8730000 |
| **Real Estate Management & Development - 0.2%** | **Real Estate Management & Development - 0.2%** |  |
| CBRE Group, Inc. - Class A <sup>(a)</sup> | 3105 | 503383 |
| CoStar Group, Inc. <sup>(a)</sup> | 5098 | 456220 |
|  |  | 959603 |
| **Semiconductors & Semiconductor Equipment - 14.2%** | **Semiconductors & Semiconductor Equipment - 14.2%** |  |
| Advanced Micro Devices, Inc. <sup>(a)</sup> | 15063 | 2449696 |
| Applied Materials, Inc. | 7013 | 1127410 |
| Broadcom, Inc. | 47228 | 14045135 |
| KLA Corp. | 1094 | 953968 |
| Lam Research Corp. | 10795 | 1081119 |
| Micron Technology, Inc. | 9433 | 1122621 |
| Monolithic Power Systems, Inc. | 697 | 582525 |
| NVIDIA Corp. | 238984 | 41626233 |
| NXP Semiconductors NV | 2152 | 505397 |
| QUALCOMM, Inc. | 9933 | 1596531 |
| Teradyne, Inc. | 4939 | 583988 |
|  |  | 65674623 |
| **Software - 12.2%** | **Software - 12.2%** |  |
| Adobe, Inc. <sup>(a)</sup> | 3918 | 1397551 |
| Autodesk, Inc. <sup>(a)</sup> | 1531 | 481806 |
| Cadence Design Systems, Inc. <sup>(a)</sup> | 2093 | 733450 |
| Crowdstrike Holdings, Inc. - Class A <sup>(a)</sup> | 2018 | 855027 |
| Fair Isaac Corp. <sup>(a)</sup> | 218 | 331717 |
| Fortinet, Inc. <sup>(a)</sup> | 6084 | 479237 |
| Intuit, Inc. | 2405 | 1604135 |
| Microsoft Corp. | 70812 | 35879732 |
| Oracle Corp. | 26981 | 6101213 |
| Palantir Technologies, Inc. - Class A <sup>(a)</sup> | 22641 | 3548071 |
| Roper Technologies, Inc. | 745 | 392101 |
| Salesforce, Inc. | 8961 | 2296256 |
| ServiceNow, Inc. <sup>(a)</sup> | 1856 | 1702806 |
| Synopsys, Inc. <sup>(a)</sup> | 1180 | 712154 |
|  |  | 56515256 |
| **Specialty Retail - 1.6%** | **Specialty Retail - 1.6%** |  |
| Home Depot, Inc. | 8933 | 3633676 |
| O'Reilly Automotive, Inc. <sup>(a)</sup> | 6193 | 642090 |
| Ross Stores, Inc. | 3110 | 457668 |
| TJX Cos., Inc. | 9172 | 1252987 |
| Tractor Supply Co. | 7337 | 453133 |
| Ulta Beauty, Inc. <sup>(a)</sup> | 1076 | 530177 |
| Williams-Sonoma, Inc. | 2545 | 478944 |
|  |  | 7448675 |
| **Technology Hardware, Storage & Peripherals - 7.1%** | **Technology Hardware, Storage & Peripherals - 7.1%** |  |
| Apple, Inc. | 138328 | 32111462 |
| NetApp, Inc. | 4520 | 509811 |
| Super Micro Computer, Inc. <sup>(a)</sup> | 11578 | 480950 |
|  |  | 33102223 |
| **Textiles, Apparel & Luxury Goods - 0.4%** | **Textiles, Apparel & Luxury Goods - 0.4%** |  |
| Deckers Outdoor Corp. <sup>(a)</sup> | 3572 | 427318 |
| Lululemon Athletica, Inc. <sup>(a)</sup> | 1413 | 285709 |
| Nike, Inc. - Class B | 12054 | 932618 |
|  |  | 1645645 |
| **Tobacco - 0.7%** | **Tobacco - 0.7%** |  |
| Altria Group, Inc. | 12924 | 868622 |
| Philip Morris International, Inc. | 13425 | 2243720 |
|  |  | 3112342 |
| **Trading Companies & Distributors - 0.3%** | **Trading Companies & Distributors - 0.3%** |  |
| Fastenal Co. | 10452 | 519046 |
| United Rentals, Inc. | 643 | 614927 |
| WW Grainger, Inc. | 404 | 409454 |
|  |  | 1543427 |
| **Water Utilities - 0.1%** | **Water Utilities - 0.1%** |  |
| American Water Works Co., Inc. | 2733 | 392213 |
| **Wireless Telecommunication Services - 0.5%** | **Wireless Telecommunication Services - 0.5%** |  |
| T-Mobile US, Inc. | 10115 | 2548879 |
| **TOTAL COMMON STOCKS** (Cost $403,166,946) | **TOTAL COMMON STOCKS** (Cost $403,166,946) | 462934802 |
| **SHORT-TERM INVESTMENTS** | **SHORT-TERM INVESTMENTS** | **SHORT-TERM INVESTMENTS** |
| **MONEY MARKET FUNDS - 0.1%** | **Shares** | **Value**  |
| First American Government Obligations Fund - Class X, 4.22%<sup>(d)</sup> | 646364 | 646364 |
| **TOTAL MONEY MARKET FUNDS** (Cost $646,364) | **TOTAL MONEY MARKET FUNDS** (Cost $646,364) | 646364 |
| **TOTAL INVESTMENTS - 100.0% (**Cost $403,813,310**)** | **TOTAL INVESTMENTS - 100.0% (**Cost $403,813,310**)** | 463581166 |
| Liabilities in Excess of Other Assets - (0.0)% | Liabilities in Excess of Other Assets - (0.0)% | (146730) |
| **TOTAL NET ASSETS - 100.0%** |  | $463434436 |
| two | two | –% |
| Percentages are stated as a percent of net assets. | Percentages are stated as a percent of net assets. | –% |

---

PLC - Public Limited Company<br>

(a) Non-income producing security.

(b) Represents less than 0.05% of net assets.

(c) Fair value determined using significant unobservable inputs in accordance with procedures established by and under the supervision of the Adviser, acting as Valuation Designee. These securities
 represented $0 or 0.0% of net assets as of August 31, 2025.

(d) The rate shown represents the 7-day annualized yield as of August 31, 2025.

------

#### <br>

#### Summary of Fair Value Disclosure as of August 31, 2025 (Unaudited)
Horizon Defensive Core Fund (the "Fund") has adopted fair value accounting standards which establish a definition of fair value and set out a hierarchy for measuring fair value. These standards require additional disclosures about the various inputs and valuation techniques used to develop the measurements of fair value, a discussion of changes in valuation techniques and related inputs during the period, and expanded disclosure of valuation levels for major security types. These inputs are summarized in the three broad levels listed below. The inputs or valuation methodology used for valuing securities are not an indication of the risk associated with investing in those securities.

Level 1 - Unadjusted quoted prices in active markets for identical assets or liabilities that the Fund has the ability to access.

Level 2 - Observable inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. These inputs may include quoted prices for the identical instrument on an inactive market, prices for similar instruments, interest rates, prepayment speeds, credit risk, yield curves, default rates and similar data.

Level 3 - Unobservable inputs for the asset or liability, to the extent relevant observable inputs are not available, representing the Fund's own assumptions about the assumptions a market participant would use in valuing the asset or liability, and based on the best information available.

The following is a summary of the fair valuation hierarchy of the Fund's securities as of August 31, 2025:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **<u>Level 1</u>** | **<u>Level 2</u>** | **<u>Level 3</u>** | **<u>Total</u>** |
| <u>Investments:</u> |  |  |  |  |
|  &nbsp;&nbsp;&nbsp;&nbsp;Common Stocks | $462934802 | $– | $0 | $462934802 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Money Market Funds | 646364 | – | – | 646364 |
| Total Investments | $463581166 | $– | $0 | $463581166 |
| Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. |
| Changes in valuation techniques may result in transfers into or out of assigned levels within the fair value hierarchy. There were no transfers into or out of Level 3 during the reporting period as compared to the security classifications from the prior year's annual report. | Changes in valuation techniques may result in transfers into or out of assigned levels within the fair value hierarchy. There were no transfers into or out of Level 3 during the reporting period as compared to the security classifications from the prior year's annual report. | Changes in valuation techniques may result in transfers into or out of assigned levels within the fair value hierarchy. There were no transfers into or out of Level 3 during the reporting period as compared to the security classifications from the prior year's annual report. | Changes in valuation techniques may result in transfers into or out of assigned levels within the fair value hierarchy. There were no transfers into or out of Level 3 during the reporting period as compared to the security classifications from the prior year's annual report. | Changes in valuation techniques may result in transfers into or out of assigned levels within the fair value hierarchy. There were no transfers into or out of Level 3 during the reporting period as compared to the security classifications from the prior year's annual report. |

---

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Horizon Funds

- **b. Investment Company Act file number:** 811-23063

- **c. CIK number of Registrant:** 0001643174

- **d. LEI of Registrant:** 549300Q2NFSH0QP87Y93

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

  - **Street Address 1:** 6210 Ardrey Kell Road

  - **City:** Charlotte

  - **State:** NC

  - **Foreign country:** US

  - **Zip / Postal Code:** 28277

  - **Telephone number:** 866-371-2399

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

- **a. Name of Series:** Horizon Defensive Core Fund

- **b. EDGAR series identifier (if any):** S000065863

- **c. LEI of Series:** 549300CPVEA74RHWCX71

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

- **a. Date of fiscal year-end:** 2025-11-30

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $464189958.63

**Total Liabilities:** $786125.41

**Net Assets:** $463403833.22

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000212785 | 4.79%                | 2.94%                | 1.76%                |
| Class ID C000212787 | 4.78%                | 2.93%                | 1.72%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $15733.70                | $22850537.46                               |
| Month 2  | $3654739.91              | $10078079.83                               |
| Month 3  | $1643225.99              | $6443241.48                                |

**Designated Index Information**

- **Index Name:** N/A

- **Index Identifier:** N/A

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Blackstone Inc                 | Blackstone Inc                             | CUSIP: 09260D107<br>LEI: 5299004LW4QWGZUB8Y96 | Long             | EC               | CORP              | US        |      6038 | NS      | $1034913.20   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Booking Holdings Inc           | Booking Holdings Inc                       | CUSIP: 09857L108<br>LEI: FXM8FAOHMYDIPD38UZ17 | Long             | EC               | CORP              | US        |       285 | NS      | $1595729.25   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Boston Scientific Corp         | Boston Scientific Corp                     | CUSIP: 101137107<br>LEI: Y6ZDD9FP4P8JSSJMW954 | Long             | EC               | CORP              | US        |     12557 | NS      | $1324763.50   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadcom Inc                   | Broadcom Inc                               | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |     46433 | NS      | $13808709.87  | 2.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Coterra Energy Inc             | Coterra Energy Inc                         | CUSIP: 127097103<br>LEI: FCNMH6O7VWU7LHXMK351 | Long             | EC               | CORP              | US        |     13624 | NS      | $332970.56    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Cooper Cos Inc/The             | Cooper Cos Inc/The                         | CUSIP: 216648501<br>LEI: QJKMVPIGLH7530PCUE20 | Long             | EC               | CORP              | US        |      4796 | NS      | $323226.42    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Copart Inc                     | Copart Inc                                 | CUSIP: 217204106<br>LEI: 549300KVYX3JWMYEHU61 | Long             | EC               | CORP              | US        |      7008 | NS      | $342060.48    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Corpay Inc                     | Corpay Inc                                 | CUSIP: 219948106<br>LEI: 549300DG6RR0NQSFLN74 | Long             | EC               | CORP              | US        |      1134 | NS      | $369309.78    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Corteva Inc                    | Corteva Inc                                | CUSIP: 22052L104<br>LEI: 549300WZN9I2QKLS0O94 | Long             | EC               | CORP              | US        |      6291 | NS      | $466729.29    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Costco Wholesale Corp          | Costco Wholesale Corp                      | CUSIP: 22160K105<br>LEI: 29DX7H14B9S6O3FD6V18 | Long             | EC               | CORP              | US        |      3853 | NS      | $3634611.96   | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| CoStar Group Inc               | CoStar Group Inc                           | CUSIP: 22160N109<br>LEI: 984500Q1D53D08E2E698 | Long             | EC               | CORP              | US        |      5013 | NS      | $448613.37    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Crowdstrike Holdings Inc       | Crowdstrike Holdings Inc                   | CUSIP: 22788C105<br>LEI: 549300YBY08K9KM4HX32 | Long             | EC               | CORP              | US        |      1985 | NS      | $841044.50    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| AT&T Inc                       | AT&T Inc                                   | CUSIP: 00206R102<br>LEI: 549300Z40J86GGSTL398 | Long             | EC               | CORP              | US        |     59498 | NS      | $1742696.42   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Amphenol Corp                  | Amphenol Corp                              | CUSIP: 032095101<br>LEI: 549300D3L3G0R4U4VT04 | Long             | EC               | CORP              | US        |      9292 | NS      | $1011527.12   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple Inc                      | Apple Inc                                  | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |    138328 | NS      | $32111461.92  | 6.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Applied Materials Inc          | Applied Materials Inc                      | CUSIP: 038222105<br>LEI: 41BNNE1AFPNAZELZ6K07 | Long             | EC               | CORP              | US        |      6895 | NS      | $1108440.20   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Archer-Daniels-Midland Co      | Archer-Daniels-Midland Co                  | CUSIP: 039483102<br>LEI: 549300LO13MQ9HYSTR83 | Long             | EC               | CORP              | US        |      8273 | NS      | $518220.72    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Arista Networks Inc            | Arista Networks Inc                        | CUSIP: 040413205<br>LEI: 635400H1WKBLOQERUU95 | Long             | EC               | CORP              | US        |     10493 | NS      | $1432819.15   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Atmos Energy Corp              | Atmos Energy Corp                          | CUSIP: 049560105<br>LEI: QVLWEGTD2S8GJMO8D383 | Long             | EC               | CORP              | US        |      2561 | NS      | $425458.93    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Autodesk Inc                   | Autodesk Inc                               | CUSIP: 052769106<br>LEI: FRKKVKAIQEF3FCSTPG55 | Long             | EC               | CORP              | US        |      1506 | NS      | $473938.20    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Automatic Data Processing Inc  | Automatic Data Processing Inc              | CUSIP: 053015103<br>LEI: HGBOLILQXWER4SAL2I23 | Long             | EC               | CORP              | US        |      3259 | NS      | $990898.95    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| AvalonBay Communities Inc      | AvalonBay Communities Inc                  | CUSIP: 053484101<br>LEI: K9G90K85RBWD2LAGQX17 | Long             | EC               | CORP              | US        |      1850 | NS      | $362322.50    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Avery Dennison Corp            | Avery Dennison Corp                        | CUSIP: 053611109<br>LEI: 549300PW7VPFCYKLIV37 | Long             | EC               | CORP              | US        |      2217 | NS      | $380548.05    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Axon Enterprise Inc            | Axon Enterprise Inc                        | CUSIP: 05464C101<br>LEI: 549300QP2IEEGFE16681 | Long             | EC               | CORP              | US        |       746 | NS      | $557478.34    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Baker Hughes Co                | Baker Hughes Co                            | CUSIP: 05722G100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      8962 | NS      | $406874.80    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of America Corp           | Bank of America Corp                       | CUSIP: 060505104<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EC               | CORP              | US        |     69784 | NS      | $3540840.16   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Becton Dickinson & Co          | Becton Dickinson & Co                      | CUSIP: 075887109<br>LEI: ICE2EP6D98PQUILVRZ91 | Long             | EC               | CORP              | US        |      2021 | NS      | $390012.58    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Berkshire Hathaway Inc         | Berkshire Hathaway Inc                     | CUSIP: 084670702<br>LEI: 5493000C01ZX7D35SD85 | Long             | EC               | CORP              | US        |     19892 | NS      | $10005278.16  | 2.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Meta Platforms Inc             | Meta Platforms Inc                         | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |     24626 | NS      | $18191226.20  | 3.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Lennar Corp                    | Lennar Corp                                | CUSIP: 526057104<br>LEI: 529900G61XVRLX5TJX09 | Long             | EC               | CORP              | US        |      3467 | NS      | $461596.38    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Live Nation Entertainment Inc  | Live Nation Entertainment Inc              | CUSIP: 538034109<br>LEI: 5493007B9BM9ZXJINO78 | Long             | EC               | CORP              | US        |      3025 | NS      | $503632.25    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Lululemon Athletica Inc        | Lululemon Athletica Inc                    | CUSIP: 550021109<br>LEI: 549300D9GZ4BMLDW5T40 | Long             | EC               | CORP              | CA        |      1390 | NS      | $281058.00    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| M&T Bank Corp                  | M&T Bank Corp                              | CUSIP: 55261F104<br>LEI: 549300WYXDDBYRASEG81 | Long             | EC               | CORP              | US        |      2245 | NS      | $452726.70    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| MSCI Inc                       | MSCI Inc                                   | CUSIP: 55354G100<br>LEI: 549300HTIN2PD78UB763 | Long             | EC               | CORP              | US        |       695 | NS      | $394565.40    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Marsh & McLennan Cos Inc       | Marsh & McLennan Cos Inc                   | CUSIP: 571748102<br>LEI: 549300XMP3KDCKJXIU47 | Long             | EC               | CORP              | US        |      3865 | NS      | $795455.65    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Martin Marietta Materials Inc  | Martin Marietta Materials Inc              | CUSIP: 573284106<br>LEI: 5299005MZ4WZECVATV08 | Long             | EC               | CORP              | US        |       833 | NS      | $513461.20    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Masco Corp                     | Masco Corp                                 | CUSIP: 574599106<br>LEI: 5GCSNMQXHEYA1JO8QN11 | Long             | EC               | CORP              | US        |      5715 | NS      | $419423.85    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Mastercard Inc                 | Mastercard Inc                             | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               | CORP              | US        |      8222 | NS      | $4894474.38   | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| McCormick & Co Inc/MD          | McCormick & Co Inc/MD                      | CUSIP: 579780206<br>LEI: 549300JQQA6MQ4OJP259 | Long             | EC               | CORP              | US        |      4815 | NS      | $338831.55    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| McDonald's Corp                | McDonald's Corp                            | CUSIP: 580135101<br>LEI: UE2136O97NLB5BYP9H04 | Long             | EC               | CORP              | US        |      6177 | NS      | $1936736.58   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Merck & Co Inc                 | Merck & Co Inc                             | CUSIP: 58933Y105<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | EC               | CORP              | US        |     21774 | NS      | $1831628.88   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Mettler-Toledo International I | Mettler-Toledo International Inc           | CUSIP: 592688105<br>LEI: 5493000BD5GJNUDIUG10 | Long             | EC               | CORP              | US        |       337 | NS      | $438450.48    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corp                 | Microsoft Corp                             | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |     70812 | NS      | $35879732.28  | 7.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Micron Technology Inc          | Micron Technology Inc                      | CUSIP: 595112103<br>LEI: B3DXGBC8GAIYWI2Z0172 | Long             | EC               | CORP              | US        |      9275 | NS      | $1103817.75   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Mid-America Apartment Communit | Mid-America Apartment Communities Inc      | CUSIP: 59522J103<br>LEI: 549300FQZKFR5YNSHZ21 | Long             | EC               | CORP              | US        |      2377 | NS      | $346614.14    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Mondelez International Inc     | Mondelez International Inc                 | CUSIP: 609207105<br>LEI: 549300DV9GIB88LZ5P30 | Long             | EC               | CORP              | US        |      9560 | NS      | $587366.40    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Motorola Solutions Inc         | Motorola Solutions Inc                     | CUSIP: 620076307<br>LEI: 6S552MUG6KGJVEBSEC55 | Long             | EC               | CORP              | US        |      1184 | NS      | $559392.64    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| NRG Energy Inc                 | NRG Energy Inc                             | CUSIP: 629377508<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | EC               | CORP              | US        |      4105 | NS      | $597523.80    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| NVR Inc                        | NVR Inc                                    | CUSIP: 62944T105<br>LEI: 529900RWXR4JI3JYTV70 | Long             | EC               | CORP              | US        |        50 | NS      | $405882.50    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Nasdaq Inc                     | Nasdaq Inc                                 | CUSIP: 631103108<br>LEI: 549300L8X1Q78ERXFD06 | Long             | EC               | CORP              | US        |      5224 | NS      | $494921.76    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| NetApp Inc                     | NetApp Inc                                 | CUSIP: 64110D104<br>LEI: QTX3D84DZDD5JYOCYH15 | Long             | EC               | CORP              | US        |      4444 | NS      | $501238.76    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Netflix Inc                    | Netflix Inc                                | CUSIP: 64110L106<br>LEI: 549300Y7VHGU0I7CE873 | Long             | EC               | CORP              | US        |      4027 | NS      | $4865622.75   | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Newmont Corp                   | Newmont Corp                               | CUSIP: 651639106<br>LEI: 549300VSP3RIX7FGDZ51 | Long             | EC               | CORP              | US        |      8111 | NS      | $603458.40    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| News Corp                      | News Corp                                  | CUSIP: 65249B109<br>LEI: 549300ITS31QK8VRBQ14 | Long             | EC               | CORP              | US        |     14648 | NS      | $430797.68    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| NextEra Energy Inc             | NextEra Energy Inc                         | CUSIP: 65339F101<br>LEI: 254900RHL9MEUS5NKX63 | Long             | EC               | CORP              | US        |     16656 | NS      | $1200064.80   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| NIKE Inc                       | NIKE Inc                                   | CUSIP: 654106103<br>LEI: 787RXPR0UX0O0XUXPZ81 | Long             | EC               | CORP              | US        |     11852 | NS      | $916989.24    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Nucor Corp                     | Nucor Corp                                 | CUSIP: 670346105<br>LEI: 549300GGJCRSI2TIEJ46 | Long             | EC               | CORP              | US        |      3285 | NS      | $488578.05    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA Corp                    | NVIDIA Corp                                | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |    238984 | NS      | $41626233.12  | 8.98%             |  |  |  | No            |                  1 | On Loan: No      |
| O'Reilly Automotive Inc        | O'Reilly Automotive Inc                    | CUSIP: 67103H107<br>LEI: 549300K2RLMQL149Q332 | Long             | EC               | CORP              | US        |      6089 | NS      | $631307.52    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Old Dominion Freight Line Inc  | Old Dominion Freight Line Inc              | CUSIP: 679580100<br>LEI: 5299009TWK32WE417T96 | Long             | EC               | CORP              | US        |      2388 | NS      | $360516.36    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Omnicom Group Inc              | Omnicom Group Inc                          | CUSIP: 681919106<br>LEI: HKUPACFHSSASQK8HLS17 | Long             | EC               | CORP              | US        |      4953 | NS      | $387968.49    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Oracle Corp                    | Oracle Corp                                | CUSIP: 68389X105<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | EC               | CORP              | US        |     26527 | NS      | $5998550.51   | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| PG&E Corp                      | PG&E Corp                                  | CUSIP: 69331C108<br>LEI: 8YQ2GSDWYZXO2EDN3511 | Long             | EC               | CORP              | US        |     22987 | NS      | $351241.36    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| PNC Financial Services Group I | PNC Financial Services Group Inc/The       | CUSIP: 693475105<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | EC               | CORP              | US        |      2889 | NS      | $599294.16    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| PPG Industries Inc             | PPG Industries Inc                         | CUSIP: 693506107<br>LEI: 549300BKPEP01R3V6C59 | Long             | EC               | CORP              | US        |      3630 | NS      | $403764.90    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| PPL Corp                       | PPL Corp                                   | CUSIP: 69351T106<br>LEI: 9N3UAJSNOUXFKQLF3V18 | Long             | EC               | CORP              | US        |     10994 | NS      | $400951.18    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| PACCAR Inc                     | PACCAR Inc                                 | CUSIP: 693718108<br>LEI: KDTEY8BWE486IKZ3CC07 | Long             | EC               | CORP              | US        |      4078 | NS      | $407718.44    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| PepsiCo Inc                    | PepsiCo Inc                                | CUSIP: 713448108<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | EC               | CORP              | US        |     11665 | NS      | $1734002.25   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Philip Morris International In | Philip Morris International Inc            | CUSIP: 718172109<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | EC               | CORP              | US        |     13199 | NS      | $2205948.87   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| T Rowe Price Group Inc         | T Rowe Price Group Inc                     | CUSIP: 74144T108<br>LEI: 549300SIV6FPS9Y7IH33 | Long             | EC               | CORP              | US        |      4304 | NS      | $463196.48    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Procter & Gamble Co/The        | Procter & Gamble Co/The                    | CUSIP: 742718109<br>LEI: 2572IBTT8CCZW6AU4141 | Long             | EC               | CORP              | US        |     20444 | NS      | $3210525.76   | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Progressive Corp/The           | Progressive Corp/The                       | CUSIP: 743315103<br>LEI: 529900TACNVLY9DCR586 | Long             | EC               | CORP              | US        |      4725 | NS      | $1167358.50   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Prologis Inc                   | Prologis Inc                               | CUSIP: 74340W103<br>LEI: 529900DFH19P073LZ636 | Long             | EC               | CORP              | US        |      7268 | NS      | $826953.04    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Public Storage                 | Public Storage                             | CUSIP: 74460D109<br>LEI: 254900GLQZAD4N7N5Q19 | Long             | EC               | CORP              | US        |      1328 | NS      | $391215.52    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| QUALCOMM Inc                   | QUALCOMM Inc                               | CUSIP: 747525103<br>LEI: H1J8DDZKZP6H7RWC0H53 | Long             | EC               | CORP              | US        |      9766 | NS      | $1569689.18   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Quanta Services Inc            | Quanta Services Inc                        | CUSIP: 74762E102<br>LEI: SHVRXXEACT60MMH07S24 | Long             | EC               | CORP              | US        |      1561 | NS      | $589995.56    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Quest Diagnostics Inc          | Quest Diagnostics Inc                      | CUSIP: 74834L100<br>LEI: 8MCWUBXQ0WE04KMXBX50 | Long             | EC               | CORP              | US        |      2327 | NS      | $422676.28    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Regency Centers Corp           | Regency Centers Corp                       | CUSIP: 758849103<br>LEI: 529900053A7X7FJ97S58 | Long             | EC               | CORP              | US        |      5393 | NS      | $390992.50    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Regeneron Pharmaceuticals Inc  | Regeneron Pharmaceuticals Inc              | CUSIP: 75886F107<br>LEI: 549300RCBFWIRX3HYQ56 | Long             | EC               | CORP              | US        |       798 | NS      | $463398.60    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Regions Financial Corp         | Regions Financial Corp                     | CUSIP: 7591EP100<br>LEI: CW05CS5KW59QTC0DG824 | Long             | EC               | CORP              | US        |     18412 | NS      | $504304.68    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Republic Services Inc          | Republic Services Inc                      | CUSIP: 760759100<br>LEI: NKNQHM6BLECKVOQP7O46 | Long             | EC               | CORP              | US        |      2226 | NS      | $520817.22    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| ResMed Inc                     | ResMed Inc                                 | CUSIP: 761152107<br>LEI: 529900T3QE5253CCXF22 | Long             | EC               | CORP              | US        |      1782 | NS      | $489176.82    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Rollins Inc                    | Rollins Inc                                | CUSIP: 775711104<br>LEI: 549300F2A0BXT4SGWD84 | Long             | EC               | CORP              | US        |      7302 | NS      | $412855.08    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Roper Technologies Inc         | Roper Technologies Inc                     | CUSIP: 776696106<br>LEI: 54930003T4SXCIWVXY35 | Long             | EC               | CORP              | US        |       733 | NS      | $385785.23    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Ross Stores Inc                | Ross Stores Inc                            | CUSIP: 778296103<br>LEI: 549300ENZFLPGRDFZQ60 | Long             | EC               | CORP              | US        |      3058 | NS      | $450015.28    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| S&P Global Inc                 | S&P Global Inc                             | CUSIP: 78409V104<br>LEI: Y6X4K52KMJMZE7I7MY94 | Long             | EC               | CORP              | US        |      2616 | NS      | $1434719.04   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| SBA Communications Corp        | SBA Communications Corp                    | CUSIP: 78410G104<br>LEI: 5299001HX8ZN8Y8QIT49 | Long             | EC               | CORP              | US        |      1800 | NS      | $368730.00    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Salesforce Inc                 | Salesforce Inc                             | CUSIP: 79466L302<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | EC               | CORP              | US        |      8811 | NS      | $2257818.75   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Schlumberger NV                | Schlumberger NV                            | CUSIP: 806857108<br>LEI: 213800ZUA17OK3QLGM62 | Long             | EC               | CORP              | US        |      9440 | NS      | $347769.60    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| ServiceNow Inc                 | ServiceNow Inc                             | CUSIP: 81762P102<br>LEI: 549300HJTQM36M0E1G39 | Long             | EC               | CORP              | US        |      1825 | NS      | $1674364.50   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Sherwin-Williams Co/The        | Sherwin-Williams Co/The                    | CUSIP: 824348106<br>LEI: Z15BMIOX8DDH0X2OBP21 | Long             | EC               | CORP              | US        |      1882 | NS      | $688492.06    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Simon Property Group Inc       | Simon Property Group Inc                   | CUSIP: 828806109<br>LEI: 529900GQL5X8H7AO3T64 | Long             | EC               | CORP              | US        |      2388 | NS      | $431416.08    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Snap-on Inc                    | Snap-on Inc                                | CUSIP: 833034101<br>LEI: HHWAT5TDOYZMM26KKQ73 | Long             | EC               | CORP              | US        |      1174 | NS      | $381831.76    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Southern Co/The                | Southern Co/The                            | CUSIP: 842587107<br>LEI: 549300FC3G3YU2FBZD92 | Long             | EC               | CORP              | US        |      8266 | NS      | $762951.80    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Starbucks Corp                 | Starbucks Corp                             | CUSIP: 855244109<br>LEI: OQSJ1DU9TAOC51A47K68 | Long             | EC               | CORP              | US        |      9024 | NS      | $795826.56    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Steel Dynamics Inc             | Steel Dynamics Inc                         | CUSIP: 858119100<br>LEI: 549300HGGKEL4FYTTQ83 | Long             | EC               | CORP              | US        |      3177 | NS      | $415932.84    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Stryker Corp                   | Stryker Corp                               | CUSIP: 863667101<br>LEI: 5493002F0SC4JTBU5137 | Long             | EC               | CORP              | US        |      3111 | NS      | $1217676.51   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Super Micro Computer Inc       | Super Micro Computer Inc                   | CUSIP: 86800U302<br>LEI: 54930022CZO1N2UGVW07 | Long             | EC               | CORP              | US        |     11384 | NS      | $472891.36    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Synopsys Inc                   | Synopsys Inc                               | CUSIP: 871607107<br>LEI: QG7T915N9S0NY5UKNE63 | Long             | EC               | CORP              | US        |      1161 | NS      | $700686.72    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Synchrony Financial            | Synchrony Financial                        | CUSIP: 87165B103<br>LEI: 549300RS7EWPM9MA6C78 | Long             | EC               | CORP              | US        |      7566 | NS      | $577588.44    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Sysco Corp                     | Sysco Corp                                 | CUSIP: 871829107<br>LEI: 5RGWIFLMGH3YS7KWI652 | Long             | EC               | CORP              | US        |      5254 | NS      | $422789.38    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| TJX Cos Inc/The                | TJX Cos Inc/The                            | CUSIP: 872540109<br>LEI: V167QI9I69W364E2DY52 | Long             | EC               | CORP              | US        |      9018 | NS      | $1231948.98   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| T-Mobile US Inc                | T-Mobile US Inc                            | CUSIP: 872590104<br>LEI: 549300QHIJYOHPACPG31 | Long             | EC               | CORP              | US        |      9945 | NS      | $2506040.55   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Targa Resources Corp           | Targa Resources Corp                       | CUSIP: 87612G101<br>LEI: 5493003QENHHS261UR94 | Long             | EC               | CORP              | US        |      1988 | NS      | $333506.88    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Tesla Inc                      | Tesla Inc                                  | CUSIP: 88160R101<br>LEI: 54930043XZGB27CTOV49 | Long             | EC               | CORP              | US        |     30226 | NS      | $10091554.62  | 2.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Pacific Land Corp        | Texas Pacific Land Corp                    | CUSIP: 88262P102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       298 | NS      | $278177.04    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Thermo Fisher Scientific Inc   | Thermo Fisher Scientific Inc               | CUSIP: 883556102<br>LEI: HCHV7422L5HDJZCRFL38 | Long             | EC               | CORP              | US        |      3352 | NS      | $1651597.44   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Tractor Supply Co              | Tractor Supply Co                          | CUSIP: 892356106<br>LEI: 549300OJ9VZHZRO6I137 | Long             | EC               | CORP              | US        |      7214 | NS      | $445536.64    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| TransDigm Group Inc            | TransDigm Group Inc                        | CUSIP: 893641100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       412 | NS      | $576338.56    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Travelers Cos Inc/The          | Travelers Cos Inc/The                      | CUSIP: 89417E109<br>LEI: 549300Y650407RU8B149 | Long             | EC               | CORP              | US        |      1533 | NS      | $416224.83    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Trimble Inc                    | Trimble Inc                                | CUSIP: 896239100<br>LEI: 549300E2MI7NSZFQWS19 | Long             | EC               | CORP              | US        |      6093 | NS      | $492436.26    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Tyson Foods Inc                | Tyson Foods Inc                            | CUSIP: 902494103<br>LEI: WD6L6041MNRW1JE49D58 | Long             | EC               | CORP              | US        |      6235 | NS      | $354023.30    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| UDR Inc                        | UDR Inc                                    | CUSIP: 902653104<br>LEI: P3CH2EG5X6Z1XWU1OO74 | Long             | EC               | CORP              | US        |      8816 | NS      | $348849.12    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| US Bancorp                     | US Bancorp                                 | CUSIP: 902973304<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | EC               | CORP              | US        |     11609 | NS      | $566867.47    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Uber Technologies Inc          | Uber Technologies Inc                      | CUSIP: 90353T100<br>LEI: 549300B2FTG34FILDR98 | Long             | EC               | CORP              | US        |     17935 | NS      | $1681406.25   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Ulta Beauty Inc                | Ulta Beauty Inc                            | CUSIP: 90384S303<br>LEI: 529900CIV6HN8M28YM82 | Long             | EC               | CORP              | US        |      1058 | NS      | $521308.34    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Union Pacific Corp             | Union Pacific Corp                         | CUSIP: 907818108<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | EC               | CORP              | US        |      4985 | NS      | $1114496.45   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| United Airlines Holdings Inc   | United Airlines Holdings Inc               | CUSIP: 910047109<br>LEI: 98450079DA0B78DD6764 | Long             | EC               | CORP              | US        |      6024 | NS      | $632520.00    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| United Parcel Service Inc      | United Parcel Service Inc                  | CUSIP: 911312106<br>LEI: D01LMJZU09ULLNCY6Z23 | Long             | EC               | CORP              | US        |      6708 | NS      | $586547.52    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| United Rentals Inc             | United Rentals Inc                         | CUSIP: 911363109<br>LEI: 5323X5O7RN0NKFCDRY08 | Long             | EC               | CORP              | US        |       633 | NS      | $605363.22    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Veralto Corp                   | Veralto Corp                               | CUSIP: 92338C103<br>LEI: 635400FJE6GSOJUSNY27 | Long             | EC               | CORP              | US        |      4044 | NS      | $429432.36    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| CSX Corp                       | CSX Corp                                   | CUSIP: 126408103<br>LEI: 549300JVQR4N1MMP3Q88 | Long             | EC               | CORP              | US        |     13487 | NS      | $438462.37    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| VeriSign Inc                   | VeriSign Inc                               | CUSIP: 92343E102<br>LEI: LMPL4N8ZOJRMF0KOF759 | Long             | EC               | CORP              | US        |      1534 | NS      | $419349.58    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Verisk Analytics Inc           | Verisk Analytics Inc                       | CUSIP: 92345Y106<br>LEI: 549300I1YSWNIRKBWP67 | Long             | EC               | CORP              | US        |      1327 | NS      | $355795.24    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Cummins Inc                    | Cummins Inc                                | CUSIP: 231021106<br>LEI: ZUNI8PYC725B6H8JU438 | Long             | EC               | CORP              | US        |      1273 | NS      | $507214.12    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| DR Horton Inc                  | DR Horton Inc                              | CUSIP: 23331A109<br>LEI: 529900ZIUEYVSB8QDD25 | Long             | EC               | CORP              | US        |      3129 | NS      | $530302.92    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Vertex Pharmaceuticals Inc     | Vertex Pharmaceuticals Inc                 | CUSIP: 92532F100<br>LEI: 54930015RAQRRZ5ZGJ91 | Long             | EC               | CORP              | US        |      2141 | NS      | $837173.82    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| VICI Properties Inc            | VICI Properties Inc                        | CUSIP: 925652109<br>LEI: 254900RKH6RY9KCJQH63 | Long             | EC               | CORP              | US        |     12273 | NS      | $414581.94    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| DTE Energy Co                  | DTE Energy Co                              | CUSIP: 233331107<br>LEI: 549300IX8SD6XXD71I78 | Long             | EC               | CORP              | US        |      2873 | NS      | $392595.45    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Danaher Corp                   | Danaher Corp                               | CUSIP: 235851102<br>LEI: S4BKK9OTCEWQ3YHPFM11 | Long             | EC               | CORP              | US        |      6151 | NS      | $1265998.82   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Visa Inc                       | Visa Inc                                   | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |     17655 | NS      | $6210675.90   | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Vistra Corp                    | Vistra Corp                                | CUSIP: 92840M102<br>LEI: 549300KP43CPCUJOOG15 | Long             | EC               | CORP              | US        |      3347 | NS      | $632951.17    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Darden Restaurants Inc         | Darden Restaurants Inc                     | CUSIP: 237194105<br>LEI: CY1NFSCCB5GUXC7WZC70 | Long             | EC               | CORP              | US        |      1907 | NS      | $394634.58    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Deckers Outdoor Corp           | Deckers Outdoor Corp                       | CUSIP: 243537107<br>LEI: 5493008LG4W3I6K8J118 | Long             | EC               | CORP              | US        |      3512 | NS      | $420140.56    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Devon Energy Corp              | Devon Energy Corp                          | CUSIP: 25179M103<br>LEI: 54930042348RKR3ZPN35 | Long             | EC               | CORP              | US        |     10580 | NS      | $381938.00    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Dexcom Inc                     | Dexcom Inc                                 | CUSIP: 252131107<br>LEI: 549300YSK3QDSFR5EU59 | Long             | EC               | CORP              | US        |      5908 | NS      | $445108.72    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Diamondback Energy Inc         | Diamondback Energy Inc                     | CUSIP: 25278X109<br>LEI: 549300R22LSX6OHWEN64 | Long             | EC               | CORP              | US        |      2465 | NS      | $366693.40    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Dollar Tree Inc                | Dollar Tree Inc                            | CUSIP: 256746108<br>LEI: 549300PMSTQITB1WHR43 | Long             | EC               | CORP              | US        |      5188 | NS      | $566373.96    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Vulcan Materials Co            | Vulcan Materials Co                        | CUSIP: 929160109<br>LEI: 549300Q8LSNHAVWBNI21 | Long             | EC               | CORP              | US        |      1706 | NS      | $496718.96    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Aon PLC                        | Aon PLC                                    | CUSIP: N/A<br>LEI: 635400FALWQYX5E6QC64       | Long             | EC               | CORP              | GB        |      1623 | NS      | $595641.00    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Domino's Pizza Inc             | Domino's Pizza Inc                         | CUSIP: 25754A201<br>LEI: 25490005ZWM1IF9UXU57 | Long             | EC               | CORP              | US        |       851 | NS      | $390013.30    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Dover Corp                     | Dover Corp                                 | CUSIP: 260003108<br>LEI: 549300FMC2ALGA7N9E80 | Long             | EC               | CORP              | US        |      2254 | NS      | $403150.44    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Arch Capital Group Ltd         | Arch Capital Group Ltd                     | CUSIP: N/A<br>LEI: 549300AYR4P8AFKDCE43       | Long             | EC               | CORP              | BM        |      4135 | NS      | $378476.55    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Aptiv PLC                      | Aptiv PLC                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | IE        |      6723 | NS      | $534680.19    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Duke Energy Corp               | Duke Energy Corp                           | CUSIP: 26441C204<br>LEI: I1BZKREC126H0VB1BL91 | Long             | EC               | CORP              | US        |      5722 | NS      | $700887.78    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| DuPont de Nemours Inc          | DuPont de Nemours Inc                      | CUSIP: 26614N102<br>LEI: 5493004JF0SDFLM8GD76 | Long             | EC               | CORP              | US        |      5328 | NS      | $409829.76    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Linde PLC                      | Linde PLC                                  | CUSIP: N/A<br>LEI: 5299003QR1WT0EF88V51       | Long             | EC               | CORP              | US        |      4044 | NS      | $1934204.76   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Medtronic PLC                  | Medtronic PLC                              | CUSIP: N/A<br>LEI: 549300GX3ZBSQWUXY261       | Long             | EC               | CORP              | IE        |     10145 | NS      | $941557.45    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| FedEx Corp                     | FedEx Corp                                 | CUSIP: 31428X106<br>LEI: 549300E707U7WNPZN687 | Long             | EC               | CORP              | US        |      1637 | NS      | $378261.59    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Fifth Third Bancorp            | Fifth Third Bancorp                        | CUSIP: 316773100<br>LEI: THRNG6BD57P9QWTQLG42 | Long             | EC               | CORP              | US        |     10215 | NS      | $467540.55    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Pentair PLC                    | Pentair PLC                                | CUSIP: N/A<br>LEI: 549300EVR9D56WPSRP15       | Long             | EC               | CORP              | GB        |      4551 | NS      | $489369.03    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Smurfit WestRock PLC           | Smurfit WestRock PLC                       | CUSIP: N/A<br>LEI: 635400EGSEOPDW2EXS14       | Long             | EC               | CORP              | IE        |      8857 | NS      | $419467.52    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Government Obli | First American Government Obligations Fund | CUSIP: 31846V336<br>LEI: 549300R5MYM6VZF1RM44 | Long             | STIV             | RF                | US        |    784333 | NS      | $784332.98    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Ford Motor Co                  | Ford Motor Co                              | CUSIP: 345370860<br>LEI: 20S05OYHG0MQM4VUIC57 | Long             | EC               | CORP              | US        |     39746 | NS      | $467810.42    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| STERIS PLC                     | STERIS PLC                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |      1745 | NS      | $427629.70    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Trane Technologies PLC         | Trane Technologies PLC                     | CUSIP: N/A<br>LEI: 549300BURLR9SLYY2705       | Long             | EC               | CORP              | IE        |      1735 | NS      | $721066.00    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Fortinet Inc                   | Fortinet Inc                               | CUSIP: 34959E109<br>LEI: 549300O0QJWDBAS0QX03 | Long             | EC               | CORP              | US        |      5982 | NS      | $471202.14    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Fortive Corp                   | Fortive Corp                               | CUSIP: 34959J108<br>LEI: 549300MU9YQJYHDQEF63 | Long             | EC               | CORP              | US        |      5409 | NS      | $258874.74    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| NXP Semiconductors NV          | NXP Semiconductors NV                      | CUSIP: N/A<br>LEI: 724500M9BY5293JDF951       | Long             | EC               | CORP              | NL        |      2116 | NS      | $496942.60    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Fox Corp                       | Fox Corp                                   | CUSIP: 35137L105<br>LEI: 549300DDU6FDRBIELS05 | Long             | EC               | CORP              | US        |      7091 | NS      | $423332.70    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Freeport-McMoRan Inc           | Freeport-McMoRan Inc                       | CUSIP: 35671D857<br>LEI: 549300IRDTHJQ1PVET45 | Long             | EC               | CORP              | US        |     10776 | NS      | $478454.40    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| General Dynamics Corp          | General Dynamics Corp                      | CUSIP: 369550108<br>LEI: 9C1X8XOOTYY2FNYTVH06 | Long             | EC               | CORP              | US        |      1935 | NS      | $628042.95    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| General Mills Inc              | General Mills Inc                          | CUSIP: 370334104<br>LEI: 2TGYMUGI08PO8X8L6150 | Long             | EC               | CORP              | US        |      6574 | NS      | $324295.42    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| General Motors Co              | General Motors Co                          | CUSIP: 37045V100<br>LEI: 54930070NSV60J38I987 | Long             | EC               | CORP              | US        |      8441 | NS      | $494558.19    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Genuine Parts Co               | Genuine Parts Co                           | CUSIP: 372460105<br>LEI: 549300D46DQVEU651W04 | Long             | EC               | CORP              | US        |      3361 | NS      | $468288.13    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Gilead Sciences Inc            | Gilead Sciences Inc                        | CUSIP: 375558103<br>LEI: 549300WTZWR07K8MNV44 | Long             | EC               | CORP              | US        |     10012 | NS      | $1131055.64   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Global Payments Inc            | Global Payments Inc                        | CUSIP: 37940X102<br>LEI: 549300NOMHGVQBX6S778 | Long             | EC               | CORP              | US        |      4031 | NS      | $358033.42    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| HCA Healthcare Inc             | HCA Healthcare Inc                         | CUSIP: 40412C101<br>LEI: 529900PH4ZGUH2MNEU89 | Long             | EC               | CORP              | US        |      1796 | NS      | $725512.16    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Halliburton Co                 | Halliburton Co                             | CUSIP: 406216101<br>LEI: ENYF8GB5SMQZ25S06U51 | Long             | EC               | CORP              | US        |     15588 | NS      | $354315.24    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Hartford Insurance Group Inc/T | Hartford Insurance Group Inc/The           | CUSIP: 416515104<br>LEI: IU7C3FTM7Y3BQM112U94 | Long             | EC               | CORP              | US        |      3197 | NS      | $422995.07    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Healthpeak Properties Inc      | Healthpeak Properties Inc                  | CUSIP: 42250P103<br>LEI: 254900M6MTMZM0I22L81 | Long             | EC               | CORP              | US        |     19645 | NS      | $352431.30    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Garmin Ltd                     | Garmin Ltd                                 | CUSIP: N/A<br>LEI: 2549001E0HIPIJQ0W046       | Long             | EC               | CORP              | CH        |      1842 | NS      | $445432.44    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Abbott Laboratories            | Abbott Laboratories                        | CUSIP: 002824100<br>LEI: HQD377W2YR662HK5JX27 | Long             | EC               | CORP              | US        |     14353 | NS      | $1904068.98   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| AbbVie Inc                     | AbbVie Inc                                 | CUSIP: 00287Y109<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | EC               | CORP              | US        |     15089 | NS      | $3174725.60   | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| ABIOMED INC                    | ABIOMED INC                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |       239 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Adobe Inc                      | Adobe Inc                                  | CUSIP: 00724F101<br>LEI: FU4LY2G4933NH2E1CP29 | Long             | EC               | CORP              | US        |      3853 | NS      | $1374365.10   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Advanced Micro Devices Inc     | Advanced Micro Devices Inc                 | CUSIP: 007903107<br>LEI: R2I72C950HOYXII45366 | Long             | EC               | CORP              | US        |     14810 | NS      | $2408550.30   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Agilent Technologies Inc       | Agilent Technologies Inc                   | CUSIP: 00846U101<br>LEI: QUIX8Y7A2WP0XRMW7G29 | Long             | EC               | CORP              | US        |      3422 | NS      | $430008.52    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Airbnb Inc                     | Airbnb Inc                                 | CUSIP: 009066101<br>LEI: 549300HMUDNO0RY56D37 | Long             | EC               | CORP              | US        |      4973 | NS      | $649125.69    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Air Products and Chemicals Inc | Air Products and Chemicals Inc             | CUSIP: 009158106<br>LEI: 7QEON6Y1RL5XR3R1W237 | Long             | EC               | CORP              | US        |      1582 | NS      | $465282.02    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Alexandria Real Estate Equitie | Alexandria Real Estate Equities Inc        | CUSIP: 015271109<br>LEI: MGCJBT4MKTQBVLNUIS88 | Long             | EC               | CORP              | US        |      4337 | NS      | $357542.28    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Allstate Corp/The              | Allstate Corp/The                          | CUSIP: 020002101<br>LEI: OBT0W1ED8G0NWVOLOJ77 | Long             | EC               | CORP              | US        |      1898 | NS      | $386148.10    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc                   | Alphabet Inc                               | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |    118747 | NS      | $25282423.77  | 5.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Altria Group Inc               | Altria Group Inc                           | CUSIP: 02209S103<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | EC               | CORP              | US        |     12707 | NS      | $854037.47    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Amazon.com Inc                 | Amazon.com Inc                             | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |    103462 | NS      | $23692798.00  | 5.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Ameren Corp                    | Ameren Corp                                | CUSIP: 023608102<br>LEI: XRZQ5S7HYJFPHJ78L959 | Long             | EC               | CORP              | US        |      3934 | NS      | $392534.52    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| American Electric Power Co Inc | American Electric Power Co Inc             | CUSIP: 025537101<br>LEI: 1B4S6S7G0TW5EE83BO58 | Long             | EC               | CORP              | US        |      3637 | NS      | $403779.74    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| W R Berkley Corp               | W R Berkley Corp                           | CUSIP: 084423102<br>LEI: SQOAGCLKBDWNVYV1OV80 | Long             | EC               | CORP              | US        |      5585 | NS      | $400388.65    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Biogen Inc                     | Biogen Inc                                 | CUSIP: 09062X103<br>LEI: W8J5WZB5IY3K0NDQT671 | Long             | EC               | CORP              | US        |      2894 | NS      | $382644.68    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Blackrock Inc                  | Blackrock Inc                              | CUSIP: 09290D101<br>LEI: 529900VBK42Y5HHRMD23 | Long             | EC               | CORP              | US        |      1327 | NS      | $1495714.78   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Walt Disney Co/The             | Walt Disney Co/The                         | CUSIP: 254687106<br>LEI: 549300GZKULIZ0WOW665 | Long             | EC               | CORP              | US        |     15779 | NS      | $1867918.02   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| WW Grainger Inc                | WW Grainger Inc                            | CUSIP: 384802104<br>LEI: 549300TWZSP6O1IH2V34 | Long             | EC               | CORP              | US        |       398 | NS      | $403373.00    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Honeywell International Inc    | Honeywell International Inc                | CUSIP: 438516106<br>LEI: ISRPG12PN4EIEOEMW547 | Long             | EC               | CORP              | US        |      5374 | NS      | $1179593.00   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Howmet Aerospace Inc           | Howmet Aerospace Inc                       | CUSIP: 443201108<br>LEI: 549300HO5WFZUT5N2T22 | Long             | EC               | CORP              | US        |      3053 | NS      | $531527.30    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Hubbell Inc                    | Hubbell Inc                                | CUSIP: 443510607<br>LEI: 54930088VDQ6840Y6597 | Long             | EC               | CORP              | US        |      1204 | NS      | $518911.96    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| JB Hunt Transport Services Inc | JB Hunt Transport Services Inc             | CUSIP: 445658107<br>LEI: 549300XCD1MPI1C5GK90 | Long             | EC               | CORP              | US        |      2689 | NS      | $389878.11    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| IDEX Corp                      | IDEX Corp                                  | CUSIP: 45167R104<br>LEI: 549300U5Y5EL6PHYLF13 | Long             | EC               | CORP              | US        |      2185 | NS      | $359432.50    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| IDEXX Laboratories Inc         | IDEXX Laboratories Inc                     | CUSIP: 45168D104<br>LEI: OGMTXK0LUU1HKV2P0J84 | Long             | EC               | CORP              | US        |       938 | NS      | $606970.42    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Illinois Tool Works Inc        | Illinois Tool Works Inc                    | CUSIP: 452308109<br>LEI: 76NA4I14SZCFAYMNSV04 | Long             | EC               | CORP              | US        |      2205 | NS      | $583553.25    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Ingersoll Rand Inc             | Ingersoll Rand Inc                         | CUSIP: 45687V106<br>LEI: 5299004C02FMZCUOIR50 | Long             | EC               | CORP              | US        |      4975 | NS      | $395164.25    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Insulet Corp                   | Insulet Corp                               | CUSIP: 45784P101<br>LEI: 549300TZTYD2PYN92D43 | Long             | EC               | CORP              | US        |      1510 | NS      | $513218.80    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Intercontinental Exchange Inc  | Intercontinental Exchange Inc              | CUSIP: 45866F104<br>LEI: 5493000F4ZO33MV32P92 | Long             | EC               | CORP              | US        |      4598 | NS      | $812006.80    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Intuit Inc                     | Intuit Inc                                 | CUSIP: 461202103<br>LEI: VI90HBPH7XSFMB9E4M29 | Long             | EC               | CORP              | US        |      2365 | NS      | $1577455.00   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Intuitive Surgical Inc         | Intuitive Surgical Inc                     | CUSIP: 46120E602<br>LEI: 54930052SRG011710797 | Long             | EC               | CORP              | US        |      3149 | NS      | $1490405.96   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Invitation Homes Inc           | Invitation Homes Inc                       | CUSIP: 46187W107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     11464 | NS      | $358708.56    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| IQVIA Holdings Inc             | IQVIA Holdings Inc                         | CUSIP: 46266C105<br>LEI: 549300W3R20NM4KQPH86 | Long             | EC               | CORP              | US        |      2261 | NS      | $431421.41    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase & Co            | JPMorgan Chase & Co                        | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |     26279 | NS      | $7921016.18   | 1.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Johnson & Johnson              | Johnson & Johnson                          | CUSIP: 478160104<br>LEI: 549300G0CFPGEF6X2043 | Long             | EC               | CORP              | US        |     22027 | NS      | $3902523.59   | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| KLA Corp                       | KLA Corp                                   | CUSIP: 482480100<br>LEI: 549300H0BF5JCG96TJ81 | Long             | EC               | CORP              | US        |      1076 | NS      | $938272.00    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Keurig Dr Pepper Inc           | Keurig Dr Pepper Inc                       | CUSIP: 49271V100<br>LEI: DYTQ8KRTKO7Y2BVU5K74 | Long             | EC               | CORP              | US        |     11405 | NS      | $331771.45    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Keysight Technologies Inc      | Keysight Technologies Inc                  | CUSIP: 49338L103<br>LEI: 549300GLKVIO8YRCYN02 | Long             | EC               | CORP              | US        |      2639 | NS      | $431291.77    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Kimberly-Clark Corp            | Kimberly-Clark Corp                        | CUSIP: 494368103<br>LEI: MP3J6QPYPGN75NVW2S34 | Long             | EC               | CORP              | US        |      2764 | NS      | $356942.96    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Kimco Realty Corp              | Kimco Realty Corp                          | CUSIP: 49446R109<br>LEI: 254900ARY41P4V1JL861 | Long             | EC               | CORP              | US        |     18726 | NS      | $421147.74    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| L3Harris Technologies Inc      | L3Harris Technologies Inc                  | CUSIP: 502431109<br>LEI: 549300UTE50ZMDBG8A20 | Long             | EC               | CORP              | US        |      1882 | NS      | $522480.84    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Lam Research Corp              | Lam Research Corp                          | CUSIP: 512807306<br>LEI: 549300I4GMO6D34U1T02 | Long             | EC               | CORP              | US        |     10614 | NS      | $1062992.10   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Las Vegas Sands Corp           | Las Vegas Sands Corp                       | CUSIP: 517834107<br>LEI: 549300DUOO1KXOHPM605 | Long             | EC               | CORP              | US        |     10101 | NS      | $582120.63    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Leidos Holdings Inc            | Leidos Holdings Inc                        | CUSIP: 525327102<br>LEI: 549300IUTGTP6EJP8124 | Long             | EC               | CORP              | US        |      2950 | NS      | $533714.00    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Monolithic Power Systems Inc   | Monolithic Power Systems Inc               | CUSIP: 609839105<br>LEI: 529900TB7O85LSZ1XU31 | Long             | EC               | CORP              | US        |       686 | NS      | $573331.36    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Monster Beverage Corp          | Monster Beverage Corp                      | CUSIP: 61174X109<br>LEI: 52990090AP0E7HCB6F33 | Long             | EC               | CORP              | US        |      6741 | NS      | $420705.81    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Moody's Corp                   | Moody's Corp                               | CUSIP: 615369105<br>LEI: 549300GCEDD8YCF5WU84 | Long             | EC               | CORP              | US        |      1361 | NS      | $693783.36    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| WEC Energy Group Inc           | WEC Energy Group Inc                       | CUSIP: 92939U106<br>LEI: 549300IGLYTZUK3PVP70 | Long             | EC               | CORP              | US        |      3625 | NS      | $386098.75    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Westinghouse Air Brake Technol | Westinghouse Air Brake Technologies Corp   | CUSIP: 929740108<br>LEI: 06BTX5UWZD0GQ5N5Y745 | Long             | EC               | CORP              | US        |      2172 | NS      | $420282.00    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Walmart Inc                    | Walmart Inc                                | CUSIP: 931142103<br>LEI: Y87794H0US1R65VBXU25 | Long             | EC               | CORP              | US        |     69623 | NS      | $6752038.54   | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Waste Management Inc           | Waste Management Inc                       | CUSIP: 94106L109<br>LEI: 549300YX8JIID70NFS41 | Long             | EC               | CORP              | US        |      3044 | NS      | $689131.16    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Waters Corp                    | Waters Corp                                | CUSIP: 941848103<br>LEI: 5T547R1474YC9HOD8Q74 | Long             | EC               | CORP              | US        |      1080 | NS      | $325944.00    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Wells Fargo & Co               | Wells Fargo & Co                           | CUSIP: 949746101<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | EC               | CORP              | US        |     29429 | NS      | $2418475.22   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Welltower Inc                  | Welltower Inc                              | CUSIP: 95040Q104<br>LEI: 254900F33BIAR82QTA19 | Long             | EC               | CORP              | US        |      4871 | NS      | $819691.88    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| West Pharmaceutical Services I | West Pharmaceutical Services Inc           | CUSIP: 955306105<br>LEI: 5493007NKRGM1RJQ1P16 | Long             | EC               | CORP              | US        |      1771 | NS      | $437348.45    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Williams Cos Inc/The           | Williams Cos Inc/The                       | CUSIP: 969457100<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | EC               | CORP              | US        |      8879 | NS      | $513916.52    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Williams-Sonoma Inc            | Williams-Sonoma Inc                        | CUSIP: 969904101<br>LEI: 549300IARG6YWVTZ1I92 | Long             | EC               | CORP              | US        |      2503 | NS      | $471039.57    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Xcel Energy Inc                | Xcel Energy Inc                            | CUSIP: 98389B100<br>LEI: LGJNMI9GH8XIDG5RCM61 | Long             | EC               | CORP              | US        |      5610 | NS      | $406107.90    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Xylem Inc/NY                   | Xylem Inc/NY                               | CUSIP: 98419M100<br>LEI: 549300DF5MV96DRYLQ48 | Long             | EC               | CORP              | US        |      3315 | NS      | $469271.40    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Yum! Brands Inc                | Yum! Brands Inc                            | CUSIP: 988498101<br>LEI: 549300JE8XHZZ7OHN517 | Long             | EC               | CORP              | US        |      2503 | NS      | $367865.91    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Zebra Technologies Corp        | Zebra Technologies Corp                    | CUSIP: 989207105<br>LEI: PO0I32GKZ3HZMMDPZZ08 | Long             | EC               | CORP              | US        |      1390 | NS      | $440755.10    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Zimmer Biomet Holdings Inc     | Zimmer Biomet Holdings Inc                 | CUSIP: 98956P102<br>LEI: 2P2YLDVPES3BXQ1FRB91 | Long             | EC               | CORP              | US        |      3504 | NS      | $371774.40    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Zoetis Inc                     | Zoetis Inc                                 | CUSIP: 98978V103<br>LEI: 549300HD9Q1LOC9KLJ48 | Long             | EC               | CORP              | US        |      3200 | NS      | $500480.00    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Willis Towers Watson PLC       | Willis Towers Watson PLC                   | CUSIP: N/A<br>LEI: 549300WHC56FF48KL350       | Long             | EC               | CORP              | GB        |      1168 | NS      | $381690.72    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Elevance Health Inc            | Elevance Health Inc                        | CUSIP: 036752103<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | EC               | CORP              | US        |      1745 | NS      | $556044.25    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| EOG Resources Inc              | EOG Resources Inc                          | CUSIP: 26875P101<br>LEI: XWTZDRYZPBUHIQBKDB46 | Long             | EC               | CORP              | US        |      4006 | NS      | $500028.92    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Ecolab Inc                     | Ecolab Inc                                 | CUSIP: 278865100<br>LEI: 82DYEISM090VG8LTLS26 | Long             | EC               | CORP              | US        |      2040 | NS      | $565161.60    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Edison International           | Edison International                       | CUSIP: 281020107<br>LEI: 549300I7ROF15MAEVP56 | Long             | EC               | CORP              | US        |      6710 | NS      | $376632.30    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Edwards Lifesciences Corp      | Edwards Lifesciences Corp                  | CUSIP: 28176E108<br>LEI: YA13X31F3V31L8TMPR58 | Long             | EC               | CORP              | US        |      5508 | NS      | $448020.72    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Electronic Arts Inc            | Electronic Arts Inc                        | CUSIP: 285512109<br>LEI: 549300O7A67PUEYKDL45 | Long             | EC               | CORP              | US        |      2722 | NS      | $468047.90    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Equinix Inc                    | Equinix Inc                                | CUSIP: 29444U700<br>LEI: 549300EVUN2BTLJ3GT74 | Long             | EC               | CORP              | US        |       740 | NS      | $581780.60    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Equity Residential             | Equity Residential                         | CUSIP: 29476L107<br>LEI: 5493008RACSH5EP3PI59 | Long             | EC               | CORP              | US        |      5559 | NS      | $367561.08    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Erie Indemnity Co              | Erie Indemnity Co                          | CUSIP: 29530P102<br>LEI: 549300WA5KP94KRUFZ80 | Long             | EC               | CORP              | US        |       948 | NS      | $335952.24    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Essex Property Trust Inc       | Essex Property Trust Inc                   | CUSIP: 297178105<br>LEI: 549300TR2H2VEFX0NC60 | Long             | EC               | CORP              | US        |      1292 | NS      | $349111.32    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Evergy Inc                     | Evergy Inc                                 | CUSIP: 30034W106<br>LEI: 549300PGTHDQY6PSUI61 | Long             | EC               | CORP              | US        |      5760 | NS      | $410457.60    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Exelon Corp                    | Exelon Corp                                | CUSIP: 30161N101<br>LEI: 3SOUA6IRML7435B56G12 | Long             | EC               | CORP              | US        |      8599 | NS      | $375604.32    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Expedia Group Inc              | Expedia Group Inc                          | CUSIP: 30212P303<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2399 | NS      | $515305.20    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Expeditors International of Wa | Expeditors International of Washington Inc | CUSIP: 302130109<br>LEI: 984500B055A804AB6E40 | Long             | EC               | CORP              | US        |      3251 | NS      | $391875.54    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Extra Space Storage Inc        | Extra Space Storage Inc                    | CUSIP: 30225T102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2680 | NS      | $384794.40    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Exxon Mobil Corp               | Exxon Mobil Corp                           | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |     38909 | NS      | $4446909.61   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Hershey Co/The                 | Hershey Co/The                             | CUSIP: 427866108<br>LEI: 21X2CX66SU2BR6QTAD08 | Long             | EC               | CORP              | US        |      2321 | NS      | $426483.75    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Hilton Worldwide Holdings Inc  | Hilton Worldwide Holdings Inc              | CUSIP: 43300A203<br>LEI: 549300HVGPK36ICB0B89 | Long             | EC               | CORP              | US        |      1753 | NS      | $483933.18    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Hologic Inc                    | Hologic Inc                                | CUSIP: 436440101<br>LEI: 549300DYP6F5ZJL0LB74 | Long             | EC               | CORP              | US        |      6423 | NS      | $431111.76    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Home Depot Inc/The             | Home Depot Inc/The                         | CUSIP: 437076102<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | EC               | CORP              | US        |      8783 | NS      | $3572660.91   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Eli Lilly & Co                 | Eli Lilly & Co                             | CUSIP: 532457108<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | EC               | CORP              | US        |      8805 | NS      | $6450366.90   | 1.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Eaton Corp PLC                 | Eaton Corp PLC                             | CUSIP: N/A<br>LEI: 549300VDIGTMXUNT7H71       | Long             | EC               | CORP              | IE        |      3267 | NS      | $1140640.38   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Everest Group Ltd              | Everest Group Ltd                          | CUSIP: N/A<br>LEI: 549300N24XF2VV0B3570       | Long             | EC               | CORP              | BM        |      1085 | NS      | $370939.80    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| American Express Co            | American Express Co                        | CUSIP: 025816109<br>LEI: R4PP93JZOLY261QX3811 | Long             | EC               | CORP              | US        |      6177 | NS      | $2046316.56   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| American Tower Corp            | American Tower Corp                        | CUSIP: 03027X100<br>LEI: 5493006ORUSIL88JOE18 | Long             | EC               | CORP              | US        |      3485 | NS      | $710417.25    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| American Water Works Co Inc    | American Water Works Co Inc                | CUSIP: 030420103<br>LEI: 549300DXHIJQMD5WFW18 | Long             | EC               | CORP              | US        |      2687 | NS      | $385611.37    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| AMETEK Inc                     | AMETEK Inc                                 | CUSIP: 031100100<br>LEI: 549300WZDEF9KKE40E98 | Long             | EC               | CORP              | US        |      2304 | NS      | $425779.20    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadridge Financial Solutions | Broadridge Financial Solutions Inc         | CUSIP: 11133T103<br>LEI: 549300KZDJZQ2YIHRC28 | Long             | EC               | CORP              | US        |      1623 | NS      | $414871.26    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Brown & Brown Inc              | Brown & Brown Inc                          | CUSIP: 115236101<br>LEI: 549300PC8KTJ71XKFY89 | Long             | EC               | CORP              | US        |      3183 | NS      | $308591.85    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Builders FirstSource Inc       | Builders FirstSource Inc                   | CUSIP: 12008R107<br>LEI: 549300W0SKP6L3H7DP63 | Long             | EC               | CORP              | US        |      3163 | NS      | $438644.84    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Cboe Global Markets Inc        | Cboe Global Markets Inc                    | CUSIP: 12503M108<br>LEI: 529900RLNSGA90UPEH54 | Long             | EC               | CORP              | US        |      1753 | NS      | $413620.35    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| CBRE Group Inc                 | CBRE Group Inc                             | CUSIP: 12504L109<br>LEI: 52990016II9MJ2OSWA10 | Long             | EC               | CORP              | US        |      3053 | NS      | $494952.36    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| CME Group Inc                  | CME Group Inc                              | CUSIP: 12572Q105<br>LEI: LCZ7XYGSLJUHFXXNXD88 | Long             | EC               | CORP              | US        |      2773 | NS      | $739032.23    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| CMS Energy Corp                | CMS Energy Corp                            | CUSIP: 125896100<br>LEI: 549300IA9XFBAGNIBW29 | Long             | EC               | CORP              | US        |      5278 | NS      | $377746.46    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Cadence Design Systems Inc     | Cadence Design Systems Inc                 | CUSIP: 127387108<br>LEI: GCT7RXJOGLXPV0NXZY22 | Long             | EC               | CORP              | US        |      2058 | NS      | $721184.94    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Caterpillar Inc                | Caterpillar Inc                            | CUSIP: 149123101<br>LEI: WRJR7GS4GTRECRRTVX92 | Long             | EC               | CORP              | US        |      4180 | NS      | $1751587.20   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Chipotle Mexican Grill Inc     | Chipotle Mexican Grill Inc                 | CUSIP: 169656105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      9500 | NS      | $400330.00    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Church & Dwight Co Inc         | Church & Dwight Co Inc                     | CUSIP: 171340102<br>LEI: POOXSI30AWAQGYJZC921 | Long             | EC               | CORP              | US        |      3583 | NS      | $333792.28    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Cincinnati Financial Corp      | Cincinnati Financial Corp                  | CUSIP: 172062101<br>LEI: 254900Q4WEDMZBOZ0002 | Long             | EC               | CORP              | US        |      2694 | NS      | $413798.40    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Cisco Systems Inc              | Cisco Systems Inc                          | CUSIP: 17275R102<br>LEI: 549300LKFJ962MZ46593 | Long             | EC               | CORP              | US        |     34746 | NS      | $2400601.14   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Cintas Corp                    | Cintas Corp                                | CUSIP: 172908105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3006 | NS      | $631350.18    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Clorox Co/The                  | Clorox Co/The                              | CUSIP: 189054109<br>LEI: 54930044KVSC06Z79I06 | Long             | EC               | CORP              | US        |      2677 | NS      | $316421.40    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Coca-Cola Co/The               | Coca-Cola Co/The                           | CUSIP: 191216100<br>LEI: UWJKFUJFZ02DKWI3RY53 | Long             | EC               | CORP              | US        |     37072 | NS      | $2557597.28   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Colgate-Palmolive Co           | Colgate-Palmolive Co                       | CUSIP: 194162103<br>LEI: YMEGZFW4SBUSS5BQXF88 | Long             | EC               | CORP              | US        |      5793 | NS      | $487017.51    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Comcast Corp                   | Comcast Corp                               | CUSIP: 20030N101<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | EC               | CORP              | US        |     31629 | NS      | $1074437.13   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| ConocoPhillips                 | ConocoPhillips                             | CUSIP: 20825C104<br>LEI: WPTL2Z3FIYTHSP5V2253 | Long             | EC               | CORP              | US        |     10179 | NS      | $1007415.63   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Consolidated Edison Inc        | Consolidated Edison Inc                    | CUSIP: 209115104<br>LEI: 54930033SBW53OO8T749 | Long             | EC               | CORP              | US        |      3583 | NS      | $351958.09    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Constellation Brands Inc       | Constellation Brands Inc                   | CUSIP: 21036P108<br>LEI: 5493005GKEG8QCVY7037 | Long             | EC               | CORP              | US        |      2141 | NS      | $346713.54    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Constellation Energy Corp      | Constellation Energy Corp                  | CUSIP: 21037T109<br>LEI: 549300F8Y20RYGNGV346 | Long             | EC               | CORP              | US        |      2399 | NS      | $738844.02    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| FactSet Research Systems Inc   | FactSet Research Systems Inc               | CUSIP: 303075105<br>LEI: 549300ZSJE7NBK6K9P30 | Long             | EC               | CORP              | US        |       866 | NS      | $323295.12    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Fair Isaac Corp                | Fair Isaac Corp                            | CUSIP: 303250104<br>LEI: RI6HET5SJUEY30V1PS26 | Long             | EC               | CORP              | US        |       215 | NS      | $327152.60    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Fastenal Co                    | Fastenal Co                                | CUSIP: 311900104<br>LEI: 529900PP0C7H2HHPSJ32 | Long             | EC               | CORP              | US        |     10277 | NS      | $510355.82    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| F5 Inc                         | F5 Inc                                     | CUSIP: 315616102<br>LEI: 54930015FPK9KT966303 | Long             | EC               | CORP              | US        |      1476 | NS      | $462194.64    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Packaging Corp of America      | Packaging Corp of America                  | CUSIP: 695156109<br>LEI: 549300XZP8MFZFY8TJ84 | Long             | EC               | CORP              | US        |      1999 | NS      | $435702.04    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Palantir Technologies Inc      | Palantir Technologies Inc                  | CUSIP: 69608A108<br>LEI: 549300UVN46B3BBDHO85 | Long             | EC               | CORP              | US        |     22260 | NS      | $3488364.60   | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Parker-Hannifin Corp           | Parker-Hannifin Corp                       | CUSIP: 701094104<br>LEI: 5493002CONDB4N2HKI23 | Long             | EC               | CORP              | US        |      1014 | NS      | $769980.90    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| PayPal Holdings Inc            | PayPal Holdings Inc                        | CUSIP: 70450Y103<br>LEI: 5493005X2GO78EFZ3E94 | Long             | EC               | CORP              | US        |      7550 | NS      | $529934.50    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Target Corp                    | Target Corp                                | CUSIP: 87612E106<br>LEI: 8WDDFXB5T1Z6J0XC1L66 | Long             | EC               | CORP              | US        |      3745 | NS      | $359445.10    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Teledyne Technologies Inc      | Teledyne Technologies Inc                  | CUSIP: 879360105<br>LEI: 549300VSMO9KYQWDND94 | Long             | EC               | CORP              | US        |       794 | NS      | $427306.98    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Teradyne Inc                   | Teradyne Inc                               | CUSIP: 880770102<br>LEI: C3X4YJ278QNZHRJULN75 | Long             | EC               | CORP              | US        |      4856 | NS      | $574173.44    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| TE Connectivity PLC            | TE Connectivity PLC                        | CUSIP: N/A<br>LEI: 6367003TB6K484NFHE54       | Long             | EC               | CORP              | IE        |      2793 | NS      | $576754.50    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Chubb Ltd                      | Chubb Ltd                                  | CUSIP: N/A<br>LEI: E0JAN6VLUDI1HITHT809       | Long             | EC               | CORP              | CH        |      3159 | NS      | $868946.13    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-10-28

**Name of Applicant:** Horizon Funds

**Signature:** /s/ Matt Chambers

**Name of Signer:** Matt Chambers

**Title:** Chief Compliance Officer