# EDGAR Filing Document

**Accession Number:** 0001760588
**File Stem:** 0000910472-26-000947
**Filing Date:** 2026-1
**Character Count:** 35738
**Document Hash:** f84443be30a969d5b160c195780289da
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-26-000947.hdr.sgml**: 20260128

**ACCESSION NUMBER**: 0000910472-26-000947

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251130

**FILED AS OF DATE**: 20260128

**DATE AS OF CHANGE**: 20260128

**PERIOD START**: 20251130

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Zacks Trust
- **CENTRAL INDEX KEY:** 0001760588

**ORGANIZATION NAME:**
- **EIN:** 836534641
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23435
- **FILM NUMBER:** 26572288

**BUSINESS ADDRESS:**
- **STREET 1:** 227 WEST MONROE STREET
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60606
- **BUSINESS PHONE:** 312-265-9359

**MAIL ADDRESS:**
- **STREET 1:** 227 WEST MONROE STREET
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60606

## Series and Classes Contracts Data

### Zacks Small-Cap Core Fund (Series ID: S000081341)

| Class ID   | Class Name                                           | Ticker Symbol   |
|:---|:---|:---|
| C000244049 | Zacks Small-Cap Core Fund Investor Class Shares      |  |
| C000244050 | Zacks Small-Cap Core Fund Institutional Class Shares |  |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Zacks Trust

- **b. Investment Company Act file number:** 811-23435

- **c. CIK number of Registrant:** 0001760588

- **d. LEI of Registrant:** 549300OYEV0F3420ER30

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

  - **Street Address 1:** 227 West Monroe Street

  - **City:** Chicago

  - **State:** IL

  - **Foreign country:** US

  - **Zip / Postal Code:** 60606

  - **Telephone number:** 312-265-9359

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

- **a. Name of Series:** Zacks Small-Cap Core Fund

- **b. EDGAR series identifier (if any):** S000081341

- **c. LEI of Series:** 529900M99CAU3KTPVB41

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

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

- **b. Date as of which information is reported:** 2025-11-30

**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:** $30173095.71

**Total Liabilities:** $301678.53

**Net Assets:** $29871417.18

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000244049 | 0.43%                | -0.39%               | 1.86%                |
| Class ID C000244050 | 0.47%                | -0.38%               | 1.90%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-0.01                   | $142650.96                                 |
| Month 2  | $5016.24                 | $-108159.68                                |
| Month 3  | $163785.56               | $369921.50                                 |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| LifeStance Health Group Inc                | LIFESTANCE HEALT          | CUSIP: 53228F101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     45289 | NS      | $294378.50    | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Southwest Gas Holdings Inc                 | SOUTHWEST GAS HO          | CUSIP: 844895102<br>LEI: 254900LKF9EV0CUKNE09 | Long             | EC               | CORP              | US        |      2968 | NS      | $246492.40    | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Great Lakes Dredge & Dock Corporation      | GREAT LAKES DRED          | CUSIP: 390607109<br>LEI: 549300H65E3MZ1CX0P05 | Long             | EC               | CORP              | US        |     48574 | NS      | $620289.98    | 2.08%             |  |  |  | No            |                  1 | On Loan: No      |
| One Liberty Properties Inc.                | ONE LIBERTY PROPERTIES IN | CUSIP: 682406103<br>LEI: 549300QII1CQZGZBZR14 | Long             | EC               | CORP              | US        |     19958 | NS      | $415924.72    | 1.39%             |  |  |  | No            |                  1 | On Loan: No      |
| SI-BONE Inc.                               | SI-BONE INC               | CUSIP: 825704109<br>LEI: 549300J8JGYVJJHV9C31 | Long             | EC               | CORP              | US        |      7482 | NS      | $145599.72    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Spok Hldgs Inc                             | SPOK HOLDINGS IN          | CUSIP: 84863T106<br>LEI: 549300HXXANIVN2ICC89 | Long             | EC               | CORP              | US        |      4360 | NS      | $57900.80     | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| NPK International Inc.                     | NPK INTERNATIONA          | CUSIP: 651718504<br>LEI: 54930073OHWDQW4DJN26 | Long             | EC               | CORP              | US        |     17862 | NS      | $219881.22    | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Mission Produce Inc                        | MISSION PRODUCE           | CUSIP: 60510V108<br>LEI: 54930016JOKVFT59L825 | Long             | EC               | CORP              | US        |      5880 | NS      | $70677.60     | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Capital City Bank Group Inc.               | CAP CITY BANK             | CUSIP: 139674105<br>LEI: 254900NVLVUJQZKTQE82 | Long             | EC               | CORP              | US        |      9943 | NS      | $416810.56    | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Aveanna Healthcare Holdings Inc            | AVEANNA HEALTHCA          | CUSIP: 05356F105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     61264 | NS      | $572205.76    | 1.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Proto Labs Inc                             | PROTO LABS INC            | CUSIP: 743713109<br>LEI: 529900QHG5MGWT2WQQ09 | Long             | EC               | CORP              | US        |      6400 | NS      | $325248.00    | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| OppFi Inc                                  | OPPFI INC                 | CUSIP: 68386H103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     38585 | NS      | $381991.50    | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| StoneX Group Inc                           | STONEX GROUP INC          | CUSIP: 861896108<br>LEI: 549300JUF07L8VF02M60 | Long             | EC               | CORP              | US        |      1854 | NS      | $167990.94    | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Pangaea Logistics Solutions Ltd            | PANGAEA LOGISTIC          | CUSIP: G6891L105<br>LEI: N/A                  | Long             | EC               | CORP              | BM        |     10121 | NS      | $71049.42     | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Intapp Inc                                 | INTAPP INC                | CUSIP: 45827U109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      8027 | NS      | $346686.13    | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| California BanCorp                         | CALIFORNIA BANCO          | CUSIP: 84252A106<br>LEI: 549300Z6CP542EI9L684 | Long             | EC               | CORP              | US        |     30618 | NS      | $594295.38    | 1.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Varex Imaging Corporation                  | VAREX IMAGIN              | CUSIP: 92214X106<br>LEI: 549300CWYWPVCT8E9W67 | Long             | EC               | CORP              | US        |     27701 | NS      | $320500.57    | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Horizon Bancorp Inc.                       | HORIZON BANCORP           | CUSIP: 440407104<br>LEI: 549300U2OQ2EIT5MXG39 | Long             | EC               | CORP              | US        |      6380 | NS      | $109353.20    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Community West Bancshares                  | COMMUNITY WEST B          | CUSIP: 203937107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     20696 | NS      | $468764.40    | 1.57%             |  |  |  | No            |                  1 | On Loan: No      |
| American Coastal Insurance Corp.           | AMERICAN COASTAL          | CUSIP: 910710102<br>LEI: 5299002P9105LJQA8G51 | Long             | EC               | CORP              | US        |      1906 | NS      | $22776.70     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Amneal Pharmaceuticals Inc                 | AMNEAL PHARM INC          | CUSIP: 03168L105<br>LEI: 549300VV176ZO5WQHZ61 | Long             | EC               | CORP              | US        |     43364 | NS      | $542917.28    | 1.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Intrepid Potash Inc.                       | INTREPID POTASH           | CUSIP: 46121Y201<br>LEI: 549300OZ696E2PRRTO45 | Long             | EC               | CORP              | US        |      6716 | NS      | $169914.80    | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Independent Bank Corp Michigan             | INDEP BANK/MICH           | CUSIP: 453838609<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     10433 | NS      | $340637.45    | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Maximus Inc                                | MAXIMUS INC               | CUSIP: 577933104<br>LEI: 549300DQCDS8HJ7QF202 | Long             | EC               | CORP              | US        |      2408 | NS      | $207304.72    | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Pursuit Attractions and Hospitality Inc    | PURSUIT ATTRACTI          | CUSIP: 92552R406<br>LEI: 549300PXU4ZW7LPO5Y40 | Long             | EC               | CORP              | US        |     16099 | NS      | $552678.67    | 1.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Newmark Group Inc                          | NEWMARK GROUP-A           | CUSIP: 65158N102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     31394 | NS      | $545627.72    | 1.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Moog Inc.                                  | MOOG INC-CLASS A          | CUSIP: 615394202<br>LEI: 549300WM2I4U7OBAHG07 | Long             | EC               | CORP              | US        |      1890 | NS      | $434095.20    | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Money Market Obligations Trust             | FH-TR OBL-INS             | CUSIP: 60934N500<br>LEI: 25490005VWJDWX717014 | Long             | STIV             | RF                | US        |    431229 | PA      | $431228.54    | 1.44%             |  |  |  | No            |                  1 | On Loan: No      |
| CRA International Inc.                     | CRA INTERNATIONA          | CUSIP: 12618T105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       918 | NS      | $161880.12    | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Healthcare Services Group Inc.             | HEALTHCARE SERVS          | CUSIP: 421906108<br>LEI: 529900GVZ1D2FBYMS719 | Long             | EC               | CORP              | US        |     27054 | NS      | $508074.12    | 1.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Frontdoor Inc                              | FRONTDOOR INC             | CUSIP: 35905A109<br>LEI: 5493008RB0JZJI3QGZ06 | Long             | EC               | CORP              | US        |      7330 | NS      | $395306.90    | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| HBT Financial Inc.                         | HBT FINANCIAL IN          | CUSIP: 404111106<br>LEI: 549300NTXD4Q6UK5BY66 | Long             | EC               | CORP              | US        |     22009 | NS      | $532617.80    | 1.78%             |  |  |  | No            |                  1 | On Loan: No      |
| TTM Technologies Inc                       | TTM TECHNOLOGIES          | CUSIP: 87305R109<br>LEI: 549300SC4BDOIS008048 | Long             | EC               | CORP              | US        |      6222 | NS      | $436659.96    | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| SmartFinancial Inc.                        | SMARTFINANCIAL I          | CUSIP: 83190L208<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     14192 | NS      | $514601.92    | 1.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Sierra Bancorp                             | SIERRA BANCORP            | CUSIP: 82620P102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3510 | NS      | $109020.60    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Byline Bancorp Inc                         | BYLINE BANCORP I          | CUSIP: 124411109<br>LEI: 549300W7ODP4YL2H4823 | Long             | EC               | CORP              | US        |      2312 | NS      | $64551.04     | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Everquote Inc                              | EVERQUOTE INC-A           | CUSIP: 30041R108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     14278 | NS      | $376796.42    | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Bowman Consulting Group Ltd                | BOWMAN CONSULTIN          | CUSIP: 103002101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4865 | NS      | $176015.70    | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Carpenter Technology Corporation           | CARPENTER TECH            | CUSIP: 144285103<br>LEI: DX6I6ZD3X5WNNCDJKP85 | Long             | EC               | CORP              | US        |      1813 | NS      | $577513.02    | 1.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Telos Corp                                 | TELOS CORP                | CUSIP: 87969B101<br>LEI: 549300P7ZDPL8UWNVI47 | Long             | EC               | CORP              | US        |     13989 | NS      | $80856.42     | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Five Star Bancorp.                         | FIVE STAR BANCOR          | CUSIP: 33830T103<br>LEI: 5493008ZRBIHKWC0JA73 | Long             | EC               | CORP              | US        |      3223 | NS      | $111161.27    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Backblaze Inc                              | BACKBLAZE INC-A           | CUSIP: 05637B105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     19900 | NS      | $94326.00     | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| N-Able Inc.                                | N-ABLE INC                | CUSIP: 62878D100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     69332 | NS      | $499190.40    | 1.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Phibro Animal Health Corporation           | PHIBRO ANIMAL-A           | CUSIP: 71742Q106<br>LEI: 549300U24SP4AF2JUX52 | Long             | EC               | CORP              | US        |     10985 | NS      | $460051.80    | 1.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Enhabit Inc                                | ENHABIT INC               | CUSIP: 29332G102<br>LEI: 549300RFQ78SLDFSHF49 | Long             | EC               | CORP              | US        |     10682 | NS      | $95497.08     | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Materion Corp                              | MATERION CORP             | CUSIP: 576690101<br>LEI: 549300CJ5RI351SUYT02 | Long             | EC               | CORP              | US        |      2244 | NS      | $274194.36    | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| NWPX Infrastructure Inc.                   | NWPX INFRASTRUCT          | CUSIP: 667746101<br>LEI: 54930056VW2CRCZ9RE54 | Long             | EC               | CORP              | US        |      5876 | NS      | $344451.12    | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Accel Entertainment Inc                    | ACCEL ENTERTAINMENT INC   | CUSIP: 00436Q106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     21500 | NS      | $220160.00    | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Sanfilippo(John B)                         | JOHN B SANFILIPP          | CUSIP: 800422107<br>LEI: 5299007IBEYVXKYDUX28 | Long             | EC               | CORP              | US        |       701 | NS      | $50913.63     | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Central Garden & Pet Company               | CENTRAL GARDEN-A          | CUSIP: 153527205<br>LEI: 5493004DVZLD37DJ0H83 | Long             | EC               | CORP              | US        |      3655 | NS      | $113085.70    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Mercantile Bank Corp.                      | MERCANTILE BANK           | CUSIP: 587376104<br>LEI: P16VZZCKTJ5IONL6XE37 | Long             | EC               | CORP              | US        |      6923 | NS      | $318319.54    | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Nlight Inc.                                | NLIGHT INC                | CUSIP: 65487K100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      7005 | NS      | $246786.15    | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Palomar Holdings Inc                       | PALOMAR HOLDINGS          | CUSIP: 69753M105<br>LEI: 549300DOI1MUW11BLX74 | Long             | EC               | CORP              | US        |       180 | NS      | $22357.80     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Hometrust Bancshares Inc.                  | HOMETRUST BANCSH          | CUSIP: 437872104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      7139 | NS      | $292770.39    | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Shore Bancshares Inc.                      | SHORE BANCSHARES INC      | CUSIP: 825107105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     25613 | NS      | $447459.11    | 1.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Comfort Systems USA Inc.                   | COMFORT SYSTEMS           | CUSIP: 199908104<br>LEI: 5299009DT1ZA5HTU6R38 | Long             | EC               | CORP              | US        |       629 | NS      | $614495.26    | 2.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Target Hospitality Corp                    | TARGET HOSPITALI          | CUSIP: 87615L107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     10400 | NS      | $81120.00     | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Priority Technology Holdings Inc.          | PRIORITY TECHNOL          | CUSIP: 74275G107<br>LEI: 549300ZS6DXD7ROBKB40 | Long             | EC               | CORP              | US        |     14085 | NS      | $82397.25     | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Federal Signal Corp.                       | FED SIGNAL CORP           | CUSIP: 313855108<br>LEI: 549300RTXZRPTNP6G884 | Long             | EC               | CORP              | US        |      4706 | NS      | $536484.00    | 1.80%             |  |  |  | No            |                  1 | On Loan: No      |
| CS Disco Inc                               | CS DISCO INC              | CUSIP: 126327105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     84241 | NS      | $603165.56    | 2.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank7 Corp                                 | BANK7 CORP                | CUSIP: 06652N107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4928 | NS      | $204167.04    | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Kimball Electronics Inc.                   | KIMBALL ELECTRON          | CUSIP: 49428J109<br>LEI: 549300COBYN2GZCBIU87 | Long             | EC               | CORP              | US        |       330 | NS      | $9537.00      | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| F&G Annuities & Life Inc.                  | F&G ANNUITIES             | CUSIP: 30190A104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       480 | NS      | $15508.80     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Watts Water Technologies Inc.              | WATTS WATER TE-A          | CUSIP: 942749102<br>LEI: 549300REJOO94ERQN318 | Long             | EC               | CORP              | US        |      1471 | NS      | $405819.48    | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Excelerate Energy Inc.                     | EXCELERATE ENE-A          | CUSIP: 30069T101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     11934 | NS      | $335106.72    | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Ponce Financial Group Inc                  | PONCE FINANCIAL           | CUSIP: 732344106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     37246 | NS      | $593701.24    | 1.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Super Group Sghc Limited                   | SUPER GROUP SGHC          | CUSIP: G8588X103<br>LEI: N/A                  | Long             | EC               | CORP              | GG        |     15600 | NS      | $168948.00    | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Credo Technology Group Holding Ltd         | CREDO TECHNOLOGY          | CUSIP: G25457105<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |      3042 | NS      | $540259.20    | 1.81%             |  |  |  | No            |                  1 | On Loan: No      |
| AZZ Inc                                    | AZZ INC                   | CUSIP: 002474104<br>LEI: 549300HD1X2NFLWPYC83 | Long             | EC               | CORP              | US        |      4207 | NS      | $443501.94    | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| PRA Group Inc.                             | PRA GROUP INC             | CUSIP: 69354N106<br>LEI: 549300Q5HW3JSSB86K27 | Long             | EC               | CORP              | US        |     13637 | NS      | $220919.40    | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Paysign Inc                                | PAYSIGN INC               | CUSIP: 70451A104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     24725 | NS      | $128817.25    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| BKV Corporation                            | BKV CORPORATION           | CUSIP: 05603J108<br>LEI: 549300S3T4Z01TRFU656 | Long             | EC               | CORP              | US        |      6320 | NS      | $174495.20    | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| EnerSys                                    | ENERSYS                   | CUSIP: 29275Y102<br>LEI: 7ZS3DE5PN30BYUJFWP05 | Long             | EC               | CORP              | US        |       684 | NS      | $97887.24     | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Hecla Mining Company                       | HECLA MINING CO           | CUSIP: 422704106<br>LEI: 5493009Y6HOBZD1QD537 | Long             | EC               | CORP              | US        |     24875 | NS      | $418397.50    | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Graham Corp                                | GRAHAM CORP               | CUSIP: 384556106<br>LEI: 254900EI9P4LTY524J77 | Long             | EC               | CORP              | US        |      3923 | NS      | $225572.50    | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Pennant Group Inc                          | PENNANT GROUP             | CUSIP: 70805E109<br>LEI: 5493007H2OYR6BYLDA64 | Long             | EC               | CORP              | US        |      8270 | NS      | $229079.00    | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| EverCommerce Inc                           | EVERCOMMERCE INC          | CUSIP: 29977X105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     37570 | NS      | $326107.60    | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| FB Financial Corp.                         | FB FINANCIAL COR          | CUSIP: 30257X104<br>LEI: 5493000B2LD2C2A6C435 | Long             | EC               | CORP              | US        |      4323 | NS      | $241482.78    | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Resideo Technologies Inc                   | RESIDEO TECHN             | CUSIP: 76118Y104<br>LEI: 5493006TKFPYISY2DS54 | Long             | EC               | CORP              | US        |      7075 | NS      | $233404.25    | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Allient Inc                                | ALLIENT INC               | CUSIP: 019330109<br>LEI: 549300I2LHAWYGNBPM97 | Long             | EC               | CORP              | US        |     10416 | NS      | $561005.76    | 1.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Universal Insurance Holdings Inc           | UNIVERSAL INSURA          | CUSIP: 91359V107<br>LEI: 529900GGAZ6WVUCWQM46 | Long             | EC               | CORP              | US        |       836 | NS      | $27696.68     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| United Fire Group Inc                      | UNITED FIRE GROU          | CUSIP: 910340108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     15518 | NS      | $567182.90    | 1.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Formfactor Inc                             | FORMFACTOR INC            | CUSIP: 346375108<br>LEI: 549300YCEEO6SZD1ZR61 | Long             | EC               | CORP              | US        |      4293 | NS      | $236200.86    | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Firstcash Holdings Inc                     | FIRSTCASH HOLDIN          | CUSIP: 33768G107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3218 | NS      | $509763.38    | 1.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Huron Consulting Group Inc.                | HURON CONSULTING          | CUSIP: 447462102<br>LEI: 549300NGVB9H6TKTLE36 | Long             | EC               | CORP              | US        |      3543 | NS      | $583213.23    | 1.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Appian Corporation                         | APPIAN CORP-A             | CUSIP: 03782L101<br>LEI: 529900NIARIFW7HGU386 | Long             | EC               | CORP              | US        |     11700 | NS      | $472680.00    | 1.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Carriage Services, Inc.                    | CARRIAGE SERVICE          | CUSIP: 143905107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      7334 | NS      | $317562.20    | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Coursera Inc                               | COURSERA                  | CUSIP: 22266M104<br>LEI: 984500573CA1QB7DAC30 | Long             | EC               | CORP              | US        |      4940 | NS      | $39273.00     | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Adeia Inc.                                 | ADEIA INC                 | CUSIP: 00676P107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5730 | NS      | $70880.10     | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Marex Group Plc                            | MAREX GROUP PLC           | CUSIP: G5S37H101<br>LEI: 549300DWX0SVICJAL507 | Long             | EC               | CORP              | GB        |      3500 | NS      | $121765.00    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Hippo Holdings Inc                         | HIPPO HOLDINGS I          | CUSIP: 433539202<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5000 | NS      | $163900.00    | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Bright Minds Biosciences Inc               | BRIGHT MINDS BIO          | CUSIP: 10919W405<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |       293 | NS      | $20510.00     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Southern Missouri Bancorp Inc.             | SOUTHERN MISSOUR          | CUSIP: 843380106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5372 | NS      | $302389.88    | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Quad/Graphics Inc.                         | QUAD GRAPHICS IN          | CUSIP: 747301109<br>LEI: W2D68G5NJH4X0NW8PT65 | Long             | EC               | CORP              | US        |     38165 | NS      | $219067.10    | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| The Bank of N.T. Butterfield & Son Limited | BANK NT BUTTERFI          | CUSIP: G0772R208<br>LEI: 549300V8RVM0EMTDPF28 | Long             | EC               | CORP              | BM        |      2684 | NS      | $124644.96    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| SPX Technologies, Inc.                     | SPX TECHNOLOGIES          | CUSIP: 78473E103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2743 | NS      | $589854.72    | 1.97%             |  |  |  | No            |                  1 | On Loan: No      |
| 1st Source Corporation                     | 1ST SOURCE CORP           | CUSIP: 336901103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      8881 | NS      | $554529.64    | 1.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Marqeta Inc                                | MARQETA INC-A             | CUSIP: 57142B104<br>LEI: 254900UZARK0FMZGZE18 | Long             | EC               | CORP              | US        |     40195 | NS      | $192534.05    | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Atlanticus Holdings Corp.                  | ATLANTICUS HOLDI          | CUSIP: 04914Y102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3293 | NS      | $194122.35    | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Lendingtree Inc                            | LENDINGTREE INC           | CUSIP: 52603B107<br>LEI: 549300ISY5YHUJZTON08 | Long             | EC               | CORP              | US        |      1700 | NS      | $96951.00     | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Itron, Inc.                                | ITRON INC                 | CUSIP: 465741106<br>LEI: 24F6LSZD18II6ICG6S41 | Long             | EC               | CORP              | US        |      4139 | NS      | $409926.56    | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-12-26

**Name of Applicant:** Zacks Trust

**Signature:** Edward Kelly

**Name of Signer:** Edward Kelly

**Title:** Assistant Treasurer