# EDGAR Filing Document

**Accession Number:** 0000707800
**File Stem:** 0001752724-23-036451
**Filing Date:** 2023-2
**Character Count:** 35716
**Document Hash:** 7af273479efa2cca340ad1b0593ac6a0
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-036451.hdr.sgml**: 20230223

**ACCESSION NUMBER**: 0001752724-23-036451

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221230

**FILED AS OF DATE**: 20230223

**DATE AS OF CHANGE**: 20230223

**PERIOD START**: 20221231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** AQUILA FUNDS TRUST
- **CENTRAL INDEX KEY:** 0000707800
- **IRS NUMBER:** 136818961
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-03578
- **FILM NUMBER:** 23658100

**BUSINESS ADDRESS:**
- **STREET 1:** 120 WEST 45TH STREET
- **STREET 2:** SUITE 3600
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10036
- **BUSINESS PHONE:** 2126976666

**MAIL ADDRESS:**
- **STREET 1:** 120 WEST 45TH STREET
- **STREET 2:** SUITE 3600
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10036

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** AQUILA THREE PEAKS HIGH INCOME FUND
- **DATE OF NAME CHANGE:** 20060316

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PRIME CASH FUND
- **DATE OF NAME CHANGE:** 19920703

## Series and Classes Contracts Data

### Aquila Opportunity Growth Fund (Series ID: S000041644)

| Class ID   | Class Name                             | Ticker Symbol   |
|:---|:---|:---|
| C000129287 | Aquila Opportunity Growth Fund Class A | ATGAX           |
| C000129288 | Aquila Opportunity Growth Fund Class C | ATGCX           |
| C000129289 | Aquila Opportunity Growth Fund Class I | ATRIX           |
| C000129290 | Aquila Opportunity Growth Fund Class Y | ATGYX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Aquila Funds Trust

- **b. Investment Company Act file number:** 811-03578

- **c. CIK number of Registrant:** 0000707800

- **d. LEI of Registrant:** 5493002RAE6QXG2F2J66

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

  - **Street Address 1:** 120 West 45th Street

  - **City:** New York

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10036

  - **Telephone number:** 212-697-6666

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

- **a. Name of Series:** Aquila Opportunity Growth Fund

- **b. EDGAR series identifier (if any):** S000041644

- **c. LEI of Series:** 549300QQRQT16ZV7EA07

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

- **a. Date of fiscal year-end:** 2022-12-31

- **b. Date as of which information is reported:** 2022-12-30

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $131455913.64

**Total Liabilities:** $390748.48

**Net Assets:** $131065165.16

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000129287 | 7.36%                | 4.01%                | -5.26%               |
| Class ID C000129288 | 7.29%                | 3.94%                | -5.29%               |
| Class ID C000129290 | 7.37%                | 4.04%                | -5.22%               |
| Class ID C000129289 | 7.35%                | 4.02%                | -5.25%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-6416436.40             | $16497954.22                               |
| Month 2  | $2902995.97              | $2543916.37                                |
| Month 3  | $-696050.19              | $-6784329.64                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Republic Services Inc                             | Republic Services Inc                             | CUSIP: 760759100<br>LEI: NKNQHM6BLECKVOQP7O46 | Long             | EC               | CORP              | US        |     18000 | NS      | $2321820.00   | 1.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Shoals Technologies Group Inc                     | Shoals Technologies Group Inc                     | CUSIP: 82489W107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     64000 | NS      | $1578880.00   | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| CMS Energy Corp                                   | CMS Energy Corp                                   | CUSIP: 125896100<br>LEI: 549300IA9XFBAGNIBW29 | Long             | EC               | CORP              | US        |     41000 | NS      | $2596530.00   | 1.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Netflix Inc                                       | Netflix Inc                                       | CUSIP: 64110L106<br>LEI: 549300Y7VHGU0I7CE873 | Long             | EC               | CORP              | US        |      8000 | NS      | $2359040.00   | 1.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Ford Motor Co                                     | Ford Motor Co                                     | CUSIP: 345370860<br>LEI: 20S05OYHG0MQM4VUIC57 | Long             | EC               | CORP              | US        |    134000 | NS      | $1558420.00   | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Conagra Brands Inc                                | Conagra Brands Inc                                | CUSIP: 205887102<br>LEI: 54930035UDEIH090K650 | Long             | EC               | CORP              | US        |     58000 | NS      | $2244600.00   | 1.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Church & Dwight Co Inc                            | Church & Dwight Co Inc                            | CUSIP: 171340102<br>LEI: POOXSI30AWAQGYJZC921 | Long             | EC               | CORP              | US        |     21000 | NS      | $1692810.00   | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Allstate Corp/The                                 | Allstate Corp/The                                 | CUSIP: 020002101<br>LEI: OBT0W1ED8G0NWVOLOJ77 | Long             | EC               | CORP              | US        |     15000 | NS      | $2034000.00   | 1.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Guardant Health Inc                               | Guardant Health Inc                               | CUSIP: 40131M109<br>LEI: 254900M8C3E5VC8BR186 | Long             | EC               | CORP              | US        |     30000 | NS      | $816000.00    | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| FedEx Corp                                        | FedEx Corp                                        | CUSIP: 31428X106<br>LEI: 549300E707U7WNPZN687 | Long             | EC               | CORP              | US        |     10000 | NS      | $1732000.00   | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Veeva Systems Inc                                 | Veeva Systems Inc                                 | CUSIP: 922475108<br>LEI: 549300YZEXPDB92M2F02 | Long             | EC               | CORP              | US        |      3000 | NS      | $484140.00    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| WEC Energy Group Inc                              | WEC Energy Group Inc                              | CUSIP: 92939U106<br>LEI: 549300IGLYTZUK3PVP70 | Long             | EC               | CORP              | US        |     38000 | NS      | $3562880.00   | 2.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Pioneer Natural Resources Co                      | Pioneer Natural Resources Co                      | CUSIP: 723787107<br>LEI: FY8JBF7CCL2VE4F1B628 | Long             | EC               | CORP              | US        |      7000 | NS      | $1598730.00   | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Zimmer Biomet Holdings Inc                        | Zimmer Biomet Holdings Inc                        | CUSIP: 98956P102<br>LEI: 2P2YLDVPES3BXQ1FRB91 | Long             | EC               | CORP              | US        |      7000 | NS      | $892500.00    | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Ambarella Inc                                     | Ambarella Inc                                     | CUSIP: 000000000<br>LEI: 254900XN7F4DG0CEKC02 | Long             | EC               | CORP              | US        |     28000 | NS      | $2302440.00   | 1.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Arista Networks Inc                               | Arista Networks Inc                               | CUSIP: 040413106<br>LEI: 635400H1WKBLOQERUU95 | Long             | EC               | CORP              | US        |     20000 | NS      | $2427000.00   | 1.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Ball Corp                                         | Ball Corp                                         | CUSIP: 058498106<br>LEI: 0BGI85ALH27ZJP15DY16 | Long             | EC               | CORP              | US        |     20000 | NS      | $1022800.00   | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Etsy Inc                                          | Etsy Inc                                          | CUSIP: 29786A106<br>LEI: 54930089Q7XT501AEA40 | Long             | EC               | CORP              | US        |     10000 | NS      | $1197800.00   | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| AvalonBay Communities Inc                         | AvalonBay Communities Inc                         | CUSIP: 053484101<br>LEI: K9G90K85RBWD2LAGQX17 | Long             | EC               | CORP              | US        |      7000 | NS      | $1130640.00   | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Cullen/Frost Bankers Inc                          | Cullen/Frost Bankers Inc                          | CUSIP: 229899109<br>LEI: 529900V2E9G9AY665O34 | Long             | EC               | CORP              | US        |      8000 | NS      | $1069600.00   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Verisk Analytics Inc                              | Verisk Analytics Inc                              | CUSIP: 92345Y106<br>LEI: 549300I1YSWNIRKBWP67 | Long             | EC               | CORP              | US        |      9000 | NS      | $1587780.00   | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Rockwell Automation Inc                           | Rockwell Automation Inc                           | CUSIP: 773903109<br>LEI: VH3R4HHBHH12O0EXZJ88 | Long             | EC               | CORP              | US        |      5000 | NS      | $1287850.00   | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| HubSpot Inc                                       | HubSpot Inc                                       | CUSIP: 443573100<br>LEI: 529900BLNVEW0MVKJB37 | Long             | EC               | CORP              | US        |      5000 | NS      | $1445650.00   | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Kraft Heinz Co/The                                | Kraft Heinz Co/The                                | CUSIP: 500754106<br>LEI: 9845007488EC87F5AF14 | Long             | EC               | CORP              | US        |     39000 | NS      | $1587690.00   | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Biogen Inc                                        | Biogen Inc                                        | CUSIP: 09062X103<br>LEI: W8J5WZB5IY3K0NDQT671 | Long             | EC               | CORP              | US        |      3000 | NS      | $830760.00    | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Newmont Corp                                      | Newmont Corp                                      | CUSIP: 651639106<br>LEI: 549300VSP3RIX7FGDZ51 | Long             | EC               | CORP              | US        |     31000 | NS      | $1463200.00   | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| PDF Solutions Inc                                 | PDF Solutions Inc                                 | CUSIP: 693282105<br>LEI: 549300GMSP6MROFBI160 | Long             | EC               | CORP              | US        |     37000 | NS      | $1055240.00   | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Celanese Corp                                     | Celanese Corp                                     | CUSIP: 150870103<br>LEI: 549300FHJQTDPPN41627 | Long             | EC               | CORP              | US        |      7000 | NS      | $715680.00    | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Splunk Inc                                        | Splunk Inc                                        | CUSIP: 848637104<br>LEI: 549300XGDSGBP6UEI867 | Long             | EC               | CORP              | US        |     13000 | NS      | $1119170.00   | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| McKesson Corp                                     | McKesson Corp                                     | CUSIP: 58155Q103<br>LEI: 549300WZWOM80UCFSF54 | Long             | EC               | CORP              | US        |      5000 | NS      | $1875600.00   | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Seagen Inc                                        | Seagen Inc                                        | CUSIP: 81181C104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      7000 | NS      | $899570.00    | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Northrop Grumman Corp                             | Northrop Grumman Corp                             | CUSIP: 666807102<br>LEI: RIMU48P07456QXSO0R61 | Long             | EC               | CORP              | US        |      3000 | NS      | $1636830.00   | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| LPL Financial Holdings Inc                        | LPL Financial Holdings Inc                        | CUSIP: 50212V100<br>LEI: 549300XROQ4Y8G2L7682 | Long             | EC               | CORP              | US        |      6000 | NS      | $1297020.00   | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Horizon Therapeutics Plc                          | Horizon Therapeutics Plc                          | CUSIP: 000000000<br>LEI: 529900P0GSQ79OOZEV53 | Long             | EC               | CORP              | US        |      8000 | NS      | $910400.00    | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Crown Castle Inc                                  | Crown Castle Inc                                  | CUSIP: 22822V101<br>LEI: 54930012H97VSM0I2R19 | Long             | EC               | CORP              | US        |     15000 | NS      | $2034600.00   | 1.55%             |  |  |  | No            |                  1 | On Loan: No      |
| MetLife Inc                                       | MetLife Inc                                       | CUSIP: 59156R108<br>LEI: C4BXATY60WC6XEOZDX54 | Long             | EC               | CORP              | US        |     54000 | NS      | $3907980.00   | 2.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Valero Energy Corp                                | Valero Energy Corp                                | CUSIP: 91913Y100<br>LEI: 549300XTO5VR8SKV1V74 | Long             | EC               | CORP              | US        |     10000 | NS      | $1268600.00   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Albemarle Corp                                    | Albemarle Corp                                    | CUSIP: 012653101<br>LEI: HDBLS2Q6GV1LSKQPBS54 | Long             | EC               | CORP              | US        |      4000 | NS      | $867440.00    | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Centene Corp                                      | Centene Corp                                      | CUSIP: 15135B101<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | EC               | CORP              | US        |     20000 | NS      | $1640200.00   | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| BioMarin Pharmaceutical Inc                       | BioMarin Pharmaceutical Inc                       | CUSIP: 09061G101<br>LEI: NSLL8ITTRR0J5HEMR848 | Long             | EC               | CORP              | US        |     11000 | NS      | $1138390.00   | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| FirstEnergy Corp                                  | FirstEnergy Corp                                  | CUSIP: 337932107<br>LEI: 549300SVYJS666PQJH88 | Long             | EC               | CORP              | US        |     84000 | NS      | $3522960.00   | 2.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Rogers Corp                                       | Rogers Corp                                       | CUSIP: 775133101<br>LEI: PW0CN80KNFR7RUOOKJ84 | Long             | EC               | CORP              | US        |      6000 | NS      | $716040.00    | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Kroger Co/The                                     | Kroger Co/The                                     | CUSIP: 501044101<br>LEI: 6CPEOKI6OYJ13Q6O7870 | Long             | EC               | CORP              | US        |     29000 | NS      | $1292820.00   | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Cameco Corp                                       | Cameco Corp                                       | CUSIP: 13321L108<br>LEI: N4BHALMXL3GMZKCUON55 | Long             | EC               | CORP              | CA        |     20000 | NS      | $453400.00    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Micron Technology Inc                             | Micron Technology Inc                             | CUSIP: 595112103<br>LEI: B3DXGBC8GAIYWI2Z0172 | Long             | EC               | CORP              | US        |      7000 | NS      | $349860.00    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Take-Two Interactive Software                     | Take-Two Interactive Software Inc                 | CUSIP: 874054109<br>LEI: BOMSTHHJK882EWYX3334 | Long             | EC               | CORP              | US        |      8000 | NS      | $833040.00    | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| CommVault Systems Inc                             | CommVault Systems Inc                             | CUSIP: 204166102<br>LEI: 65T5VRP62VXG39YFML83 | Long             | EC               | CORP              | US        |     16000 | NS      | $1005440.00   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Workday Inc                                       | Workday Inc                                       | CUSIP: 98138H101<br>LEI: 549300J0DYC0N31V7G13 | Long             | EC               | CORP              | US        |     14000 | NS      | $2342620.00   | 1.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Synopsys Inc                                      | Synopsys Inc                                      | CUSIP: 871607107<br>LEI: QG7T915N9S0NY5UKNE63 | Long             | EC               | CORP              | US        |      4500 | NS      | $1436805.00   | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Jacobs Solutions Inc                              | Jacobs Solutions Inc                              | CUSIP: 46982L108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4000 | NS      | $480280.00    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| VICI Properties Inc                               | VICI Properties Inc                               | CUSIP: 925652109<br>LEI: 254900RKH6RY9KCJQH63 | Long             | EC               | CORP              | US        |     90000 | NS      | $2916000.00   | 2.22%             |  |  |  | No            |                  1 | On Loan: No      |
| State Street Corp                                 | State Street Corp                                 | CUSIP: 857477103<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | EC               | CORP              | US        |     17000 | NS      | $1318690.00   | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| ZoomInfo Technologies Inc                         | ZoomInfo Technologies Inc                         | CUSIP: 98980F104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     30000 | NS      | $903300.00    | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Steel Dynamics Inc                                | Steel Dynamics Inc                                | CUSIP: 858119100<br>LEI: 549300HGGKEL4FYTTQ83 | Long             | EC               | CORP              | US        |     10000 | NS      | $977000.00    | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| DocuSign Inc                                      | DocuSign Inc                                      | CUSIP: 256163106<br>LEI: 549300Q7PVDWRZ39JG09 | Long             | EC               | CORP              | US        |     14000 | NS      | $775880.00    | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| IDEXX Laboratories Inc                            | IDEXX Laboratories Inc                            | CUSIP: 45168D104<br>LEI: OGMTXK0LUU1HKV2P0J84 | Long             | EC               | CORP              | US        |      4000 | NS      | $1631840.00   | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Cadence Design Systems Inc                        | Cadence Design Systems Inc                        | CUSIP: 127387108<br>LEI: GCT7RXJOGLXPV0NXZY22 | Long             | EC               | CORP              | US        |     10000 | NS      | $1606400.00   | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| AeroVironment Inc                                 | AeroVironment Inc                                 | CUSIP: 008073108<br>LEI: 529900PGHVI29YLZ6221 | Long             | EC               | CORP              | US        |     17000 | NS      | $1456220.00   | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Caesars Entertainment Inc                         | Caesars Entertainment Inc                         | CUSIP: 12769G100<br>LEI: 549300FA4CTCW903Y781 | Long             | EC               | CORP              | US        |     16000 | NS      | $665600.00    | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| IQVIA Holdings Inc                                | IQVIA Holdings Inc                                | CUSIP: 46266C105<br>LEI: 549300W3R20NM4KQPH86 | Long             | EC               | CORP              | US        |      6000 | NS      | $1229340.00   | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Alnylam Pharmaceuticals Inc                       | Alnylam Pharmaceuticals Inc                       | CUSIP: 02043Q107<br>LEI: 529900S3ZI14OWRJII50 | Long             | EC               | CORP              | US        |      2000 | NS      | $475300.00    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Lithium Americas Corp                             | Lithium Americas Corp                             | CUSIP: 53680Q207<br>LEI: 529900Q9ENG7EHHZ5R75 | Long             | EC               | CORP              | CA        |     81000 | NS      | $1534950.00   | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Halliburton Co                                    | Halliburton Co                                    | CUSIP: 406216101<br>LEI: ENYF8GB5SMQZ25S06U51 | Long             | EC               | CORP              | US        |     18000 | NS      | $708300.00    | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Dreyfus Treasury Obligations Cash Management Fund | Dreyfus Treasury Obligations Cash Management Fund | CUSIP: 261908107<br>LEI: 549300MKKM9KT7BF6329 | Long             | STIV             | RF                | US        |   2106928 | NS      | $2106927.84   | 1.61%             |  |  |  | No            |                  1 | On Loan: No      |
| ON Semiconductor Corp                             | ON Semiconductor Corp                             | CUSIP: 682189105<br>LEI: ZV20P4CNJVT8V1ZGJ064 | Long             | EC               | CORP              | US        |     21000 | NS      | $1309770.00   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Corteva Inc                                       | Corteva Inc                                       | CUSIP: 22052L104<br>LEI: 549300WZN9I2QKLS0O94 | Long             | EC               | CORP              | US        |     23000 | NS      | $1351940.00   | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| T Rowe Price Group Inc                            | T Rowe Price Group Inc                            | CUSIP: 74144T108<br>LEI: 549300SIV6FPS9Y7IH33 | Long             | EC               | CORP              | US        |      4000 | NS      | $436240.00    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Dexcom Inc                                        | Dexcom Inc                                        | CUSIP: 252131107<br>LEI: 549300YSK3QDSFR5EU59 | Long             | EC               | CORP              | US        |     18000 | NS      | $2038320.00   | 1.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Avantor Inc                                       | Avantor Inc                                       | CUSIP: 05352A100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     28000 | NS      | $590520.00    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Kellogg Co                                        | Kellogg Co                                        | CUSIP: 487836108<br>LEI: LONOZNOJYIBXOHXWDB86 | Long             | EC               | CORP              | US        |     28000 | NS      | $1994720.00   | 1.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Occidental Petroleum Corp                         | Occidental Petroleum Corp                         | CUSIP: 674599105<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | EC               | CORP              | US        |     24000 | NS      | $1511760.00   | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Illumina Inc                                      | Illumina Inc                                      | CUSIP: 452327109<br>LEI: SQ95QG8SR5Q56LSNF682 | Long             | EC               | CORP              | US        |      4000 | NS      | $808800.00    | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Quest Diagnostics Inc                             | Quest Diagnostics Inc                             | CUSIP: 74834L100<br>LEI: 8MCWUBXQ0WE04KMXBX50 | Long             | EC               | CORP              | US        |     13000 | NS      | $2033720.00   | 1.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Barrick Gold Corp                                 | Barrick Gold Corp                                 | CUSIP: 067901108<br>LEI: 0O4KBQCJZX82UKGCBV73 | Long             | EC               | CORP              | CA        |    124000 | NS      | $2130320.00   | 1.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Elastic NV                                        | Elastic NV                                        | CUSIP: 000000000<br>LEI: 2549003I48WHHH937I59 | Long             | EC               | CORP              | US        |     12000 | NS      | $618000.00    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Zscaler Inc                                       | Zscaler Inc                                       | CUSIP: 98980G102<br>LEI: 529900MZ0RTK1BWRNF46 | Long             | EC               | CORP              | US        |      3000 | NS      | $335700.00    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Dick's Sporting Goods Inc                         | Dick's Sporting Goods Inc                         | CUSIP: 253393102<br>LEI: 529900SSBV5I4LWSK313 | Long             | EC               | CORP              | US        |     20000 | NS      | $2405800.00   | 1.84%             |  |  |  | No            |                  1 | On Loan: No      |
| General Dynamics Corp                             | General Dynamics Corp                             | CUSIP: 369550108<br>LEI: 9C1X8XOOTYY2FNYTVH06 | Long             | EC               | CORP              | US        |      4000 | NS      | $992440.00    | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Hess Corp                                         | Hess Corp                                         | CUSIP: 42809H107<br>LEI: UASVRYNXNK17ULIGK870 | Long             | EC               | CORP              | US        |     12000 | NS      | $1701840.00   | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Cheniere Energy Inc                               | Cheniere Energy Inc                               | CUSIP: 16411R208<br>LEI: MIHC87W9WTYSYZWV1J40 | Long             | EC               | CORP              | US        |      7000 | NS      | $1049720.00   | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Enphase Energy Inc                                | Enphase Energy Inc                                | CUSIP: 29355A107<br>LEI: 5493008U7KIGMI59Z314 | Long             | EC               | CORP              | US        |      2000 | NS      | $529920.00    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| WESCO International Inc                           | WESCO International Inc                           | CUSIP: 95082P105<br>LEI: 529900TXOGREY3WNJ434 | Long             | EC               | CORP              | US        |     12000 | NS      | $1502400.00   | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Xylem Inc/NY                                      | Xylem Inc/NY                                      | CUSIP: 98419M100<br>LEI: 549300DF5MV96DRYLQ48 | Long             | EC               | CORP              | US        |     16000 | NS      | $1769120.00   | 1.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Entergy Corp                                      | Entergy Corp                                      | CUSIP: 29364G103<br>LEI: 4XM3TW50JULSLG8BNC79 | Long             | EC               | CORP              | US        |     31000 | NS      | $3487500.00   | 2.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Nordson Corp                                      | Nordson Corp                                      | CUSIP: 655663102<br>LEI: 14OS6Q5N55N95WM84M53 | Long             | EC               | CORP              | US        |      4000 | NS      | $950880.00    | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Mattel Inc                                        | Mattel Inc                                        | CUSIP: 577081102<br>LEI: 549300VELLG24KHTJ564 | Long             | EC               | CORP              | US        |     80000 | NS      | $1427200.00   | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Campbell Soup Co                                  | Campbell Soup Co                                  | CUSIP: 134429109<br>LEI: 5493007JDSMX8Z5Z1902 | Long             | EC               | CORP              | US        |     24000 | NS      | $1362000.00   | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Huntington Bancshares Inc/OH                      | Huntington Bancshares Inc/OH                      | CUSIP: 446150104<br>LEI: 549300XTVCVV9I7B5T19 | Long             | EC               | CORP              | US        |    187000 | NS      | $2636700.00   | 2.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Wolfspeed Inc                                     | Wolfspeed Inc                                     | CUSIP: 977852102<br>LEI: 549300OGU88P3AW3TO93 | Long             | EC               | CORP              | US        |     14000 | NS      | $966560.00    | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Martin Marietta Materials Inc                     | Martin Marietta Materials Inc                     | CUSIP: 573284106<br>LEI: 5299005MZ4WZECVATV08 | Long             | EC               | CORP              | US        |      4000 | NS      | $1351880.00   | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2023-02-22

**Name of Applicant:** Aquila Funds Trust

**Signature:** Joseph DiMaggio

**Name of Signer:** Joseph DiMaggio

**Title:** Chief Financial Officer & Treasurer