# EDGAR Filing Document

**Accession Number:** 0000778206
**File Stem:** 0002000324-25-004148
**Filing Date:** 2025-10
**Character Count:** 142818
**Document Hash:** d50ebfb92bf098b750371ff8a495f860
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002000324-25-004148.hdr.sgml**: 20251030

**ACCESSION NUMBER**: 0002000324-25-004148

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250831

**FILED AS OF DATE**: 20251030

**DATE AS OF CHANGE**: 20251030

**PERIOD START**: 20250831

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** SHELTON FUNDS
- **CENTRAL INDEX KEY:** 0000778206

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **FISCAL YEAR END:** 0831

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-04417
- **FILM NUMBER:** 251435681

**BUSINESS ADDRESS:**
- **STREET 1:** 1875 LAWRENCE STREET
- **STREET 2:** SUITE 300
- **CITY:** DENVER
- **STATE:** CO
- **ZIP:** 80202-1805
- **BUSINESS PHONE:** 4153982727

**MAIL ADDRESS:**
- **STREET 1:** 1875 LAWRENCE STREET
- **STREET 2:** SUITE 300
- **CITY:** DENVER
- **STATE:** CO
- **ZIP:** 80202-1805

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** CALIFORNIA INVESTMENT TRUST
- **DATE OF NAME CHANGE:** 19920703

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** CALIFORNIA INVESTMENT TRUST I
- **DATE OF NAME CHANGE:** 19870115

## Series and Classes Contracts Data

### S&P MidCap Index Fund (Series ID: S000016023)

| Class ID   | Class Name      | Ticker Symbol   |
|:---|:---|:---|
| C000044031 | Investor Shares | SPMIX           |
| C000044032 | K Shares        | MIDKX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** SHELTON FUNDS

- **b. Investment Company Act file number:** 811-04417

- **c. CIK number of Registrant:** 0000778206

- **d. LEI of Registrant:** 254900S73SCF59AAL583

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

  - **Street Address 1:** 1125 17th Street, Ste. 2550

  - **City:** Denver

  - **State:** CO

  - **Foreign country:** US

  - **Zip / Postal Code:** 80202-1805

  - **Telephone number:** 800-955-9888

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

- **a. Name of Series:** S&P MidCap Index Fund

- **b. EDGAR series identifier (if any):** S000016023

- **c. LEI of Series:** 254900KW4SLZI6TBVZ12

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

- **a. Date of fiscal year-end:** 2025-08-31

- **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:** $108175472.59

**Total Liabilities:** $61374.56

**Net Assets:** $108114098.03

**Cash Not Reported:** $56089.89

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000044031 | 3.31%                | 1.62%                | 3.49%                |
| Class ID C000044032 | 3.31%                | 1.54%                | 3.45%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-2870042.99             | $6273814.67                                |
| Month 2  | $356363.59               | $1296499.49                                |
| Month 3  | $260014.65               | $3111776.12                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| First Industrial Realty Trust, Inc.        | First Industrial Realty Trust, Inc. COM STK USD0.01           | CUSIP: 32054K103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4743 | NS      | $249481.80    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Wingstop Inc                               | Wingstop Inc COM USD0.01                                      | CUSIP: 974155103<br>LEI: 549300SSH3F8HPIM3Q47 | Long             | EC               | CORP              | US        |       995 | NS      | $326479.40    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Ally Financial Inc.                        | Ally Financial Inc. COM USD0.01                               | CUSIP: 02005N100<br>LEI: 549300JBN1OSM8YNAI90 | Long             | EC               | CORP              | US        |      9847 | NS      | $404219.35    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Chord Energy Corp.                         | Chord Energy Corp. COM NEW                                    | CUSIP: 674215207<br>LEI: 529900FA4V2YNIKZ0M71 | Long             | EC               | CORP              | US        |      2117 | NS      | $232637.13    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Kirby Corp                                 | Kirby Corp COM USD0.10                                        | CUSIP: 497266106<br>LEI: I7NO6FZO5GUCG585T325 | Long             | EC               | CORP              | US        |      2036 | NS      | $197899.20    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Flowers Foods, Inc.                        | Flowers Foods, Inc. COM USD0.01                               | CUSIP: 343498101<br>LEI: 7YNCQQNDK8FBM9BBTK25 | Long             | EC               | CORP              | US        |      7245 | NS      | $108964.80    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Janus Henderson Group PLC                  | Janus Henderson Group PLC ORD USD1.50                         | CUSIP: G4474Y214<br>LEI: 2138009WPYMWJN3RVF44 | Long             | EC               | CORP              | JE        |      4567 | NS      | $202409.44    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Docusign Inc                               | Docusign Inc COM USD0.0001                                    | CUSIP: 256163106<br>LEI: 549300Q7PVDWRZ39JG09 | Long             | EC               | CORP              | US        |      7166 | NS      | $549345.56    | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Coherent Corp                              | Coherent Corp COM                                             | CUSIP: 19247G107<br>LEI: 549300O5C25A0MMHHU33 | Long             | EC               | CORP              | US        |      5552 | NS      | $502289.44    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Vornado Realty Trust                       | Vornado Realty Trust COM SHS OF BEN INT USD0.04               | CUSIP: 929042109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5889 | NS      | $223958.67    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Comfort Systems USA Inc.                   | Comfort Systems USA Inc. COM USD0.01                          | CUSIP: 199908104<br>LEI: 5299009DT1ZA5HTU6R38 | Long             | EC               | CORP              | US        |      1258 | NS      | $884852.04    | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Duolingo Inc                               | Duolingo Inc CL A COM                                         | CUSIP: 26603R106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1340 | NS      | $399132.40    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Light & Wonder Inc                         | Light & Wonder Inc COM USD0.001                               | CUSIP: 80874P109<br>LEI: 529900JXALYBOHXKFM62 | Long             | EC               | CORP              | US        |      2992 | NS      | $276670.24    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| XPO Inc                                    | XPO Inc COM USD0.001                                          | CUSIP: 983793100<br>LEI: 54930096DB9LCLPN7H13 | Long             | EC               | CORP              | US        |      4057 | NS      | $526192.90    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Jazz Pharmaceuticals PLC                   | Jazz Pharmaceuticals PLC COM USD0.0001                        | CUSIP: G50871105<br>LEI: 635400GAUMJCLEZRRV50 | Long             | EC               | CORP              | IE        |      2171 | NS      | $277345.25    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Terex Corporation                          | Terex Corporation COM USD0.01                                 | CUSIP: 880779103<br>LEI: YAWJZJYEQ7M1SYMOS462 | Long             | EC               | CORP              | US        |      2474 | NS      | $123551.56    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Selective Insurance Group Inc.             | Selective Insurance Group Inc. COM USD2                       | CUSIP: 816300107<br>LEI: 549300R3WGJWLE40R258 | Long             | EC               | CORP              | US        |      2183 | NS      | $170776.09    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Synaptics Incorporated                     | Synaptics Incorporated COM USD0.001                           | CUSIP: 87157D109<br>LEI: 549300AJ3LI4FWNRQX29 | Long             | EC               | CORP              | US        |      1390 | NS      | $97105.40     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| TD Synnex Corp                             | TD Synnex Corp COM USD0.001                                   | CUSIP: 87162W100<br>LEI: 5493004HI6PFLF46NS53 | Long             | EC               | CORP              | US        |      2672 | NS      | $395643.04    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Taylor Morrison Home Corp                  | Taylor Morrison Home Corp COM USD0.00001                      | CUSIP: 87724P106<br>LEI: 5299009UDLLGLKOOJE30 | Long             | EC               | CORP              | US        |      3670 | NS      | $247247.90    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Somnigroup International Inc.              | Somnigroup International Inc. COM USD0.01                     | CUSIP: 88023U101<br>LEI: 549300HFEKVR3US71V91 | Long             | EC               | CORP              | US        |      6373 | NS      | $535013.35    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Tenet Healthcare Corporation               | Tenet Healthcare Corporation COM USD0.05                      | CUSIP: 88033G407<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | EC               | CORP              | US        |      3294 | NS      | $607183.02    | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Tetra Tech Inc                             | Tetra Tech Inc COM USD0.01                                    | CUSIP: 88162G103<br>LEI: 549300UJ1LP7JGJC5P32 | Long             | EC               | CORP              | US        |      9346 | NS      | $340381.32    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Capital Bancshares, Inc.             | Texas Capital Bancshares, Inc. COM USD0.01                    | CUSIP: 88224Q107<br>LEI: 549300466Q2SXRX0YM48 | Long             | EC               | CORP              | US        |      1632 | NS      | $141282.24    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Roadhouse Inc                        | Texas Roadhouse Inc COM USD0.001                              | CUSIP: 882681109<br>LEI: 5299002Y1CNRPDGXTQ75 | Long             | EC               | CORP              | US        |      2366 | NS      | $408253.30    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Thor Industries Inc.                       | Thor Industries Inc. COM USD0.10                              | CUSIP: 885160101<br>LEI: 254900XZO1228PDSG060 | Long             | EC               | CORP              | US        |      1627 | NS      | $178319.20    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| The Timken Company                         | The Timken Company COM NPV                                    | CUSIP: 887389104<br>LEI: B0I35MLPFXZSE70ASS73 | Long             | EC               | CORP              | US        |      2291 | NS      | $176933.93    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Toll Brothers, Inc.                        | Toll Brothers, Inc. COM USD0.01                               | CUSIP: 889478103<br>LEI: 529900JB6IS9MSZGVR44 | Long             | EC               | CORP              | US        |      3543 | NS      | $492477.00    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| The Toro Company                           | The Toro Company COM USD1                                     | CUSIP: 891092108<br>LEI: YJKE4YIT6BWQHVEW0D14 | Long             | EC               | CORP              | US        |      3569 | NS      | $289303.14    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Trex Company, Inc.                         | Trex Company, Inc. COM USD0.01                                | CUSIP: 89531P105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3838 | NS      | $236535.94    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| The Scotts Miracle-Gro Company             | The Scotts Miracle-Gro Company CLASS'A'COM NPV                | CUSIP: 810186106<br>LEI: 2TH9E0JTOUXOEGI2R879 | Long             | EC               | CORP              | US        |      1544 | NS      | $94523.68     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Service Corporation International          | Service Corporation International COM USD1.00                 | CUSIP: 817565104<br>LEI: 549300RKVM2ME20JHZ15 | Long             | EC               | CORP              | US        |      5115 | NS      | $405363.75    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Silicon Laboratories, Inc.                 | Silicon Laboratories, Inc. COM USD0.0001                      | CUSIP: 826919102<br>LEI: 4PRDF8Q9TDHRVZKZSZ47 | Long             | EC               | CORP              | US        |      1151 | NS      | $154636.85    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Silgan Holdings Inc.                       | Silgan Holdings Inc. COM USD0.01                              | CUSIP: 827048109<br>LEI: KAF673KJXD92C8KSLU49 | Long             | EC               | CORP              | US        |      2879 | NS      | $135082.68    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Simpson Manufacturing Co Inc.              | Simpson Manufacturing Co Inc. COM USD0.01                     | CUSIP: 829073105<br>LEI: 529900EJUNNL15LZ8056 | Long             | EC               | CORP              | US        |      1495 | NS      | $285724.40    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| SKECHERS USA, Inc.                         | SKECHERS USA, Inc. 'A'COM USD0.001                            | CUSIP: 830566105<br>LEI: 529900D2R54KZPA4XR56 | Long             | EC               | CORP              | US        |      4725 | NS      | $298053.00    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Sonoco Products Company                    | Sonoco Products Company COM NPV                               | CUSIP: 835495102<br>LEI: GKOMIK4RDJGHEF0VNP11 | Long             | EC               | CORP              | US        |      3575 | NS      | $168918.75    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Southwest Gas Holdings Inc                 | Southwest Gas Holdings Inc COM USD1                           | CUSIP: 844895102<br>LEI: 254900LKF9EV0CUKNE09 | Long             | EC               | CORP              | US        |      2137 | NS      | $170703.56    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| STAG Industrial, Inc.                      | STAG Industrial, Inc. COM USD0.01                             | CUSIP: 85254J102<br>LEI: 549300QWYX2W6FASVQ07 | Long             | EC               | CORP              | US        |      6741 | NS      | $248405.85    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Starwood Property Trust, Inc.              | Starwood Property Trust, Inc. COM USD0.01                     | CUSIP: 85571B105<br>LEI: BUGSFQZERKRBFWIG5267 | Long             | EC               | CORP              | US        |     11362 | NS      | $230307.74    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Stifel Financial Corporation               | Stifel Financial Corporation COM USD0.15                      | CUSIP: 860630102<br>LEI: 549300E5F07FE5GHJX84 | Long             | EC               | CORP              | US        |      3675 | NS      | $423690.75    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Woodward Inc.                              | Woodward Inc. COM USD0.00875                                  | CUSIP: 980745103<br>LEI: YPYKXXTR8TFDH54ZMB45 | Long             | EC               | CORP              | US        |      2105 | NS      | $519556.10    | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Zions Bancorporation Natl Assn Global Bank | Zions Bancorporation Natl Assn Global Bank COM USD0.001       | CUSIP: 989701107<br>LEI: 8WH0EE09O9V05QJZ3V89 | Long             | EC               | CORP              | US        |      5297 | NS      | $307278.97    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Fabrinet                                   | Fabrinet COM USD0.01                                          | CUSIP: G3323L100<br>LEI: 5493004TETZ6IYF7CV44 | Long             | EC               | CORP              | KY        |      1289 | NS      | $427032.81    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Genpact Ltd.                               | Genpact Ltd. COM STK USD0.01                                  | CUSIP: G3922B107<br>LEI: 529900OSEC6Q0L4L5B35 | Long             | EC               | CORP              | BM        |      5826 | NS      | $264150.84    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Renaissancere Holdings Ltd.                | Renaissancere Holdings Ltd. COM USD1                          | CUSIP: G7496G103<br>LEI: EK6GB9U3U58PDI411C94 | Long             | EC               | CORP              | BM        |      1747 | NS      | $424503.53    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Visteon Corporation                        | Visteon Corporation COM USD0.01                               | CUSIP: 92839U206<br>LEI: 549300MOVLYHRW4GGW78 | Long             | EC               | CORP              | US        |      1002 | NS      | $124207.92    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| W. P. Carey Inc                            | W. P. Carey Inc COM USD0.001                                  | CUSIP: 92936U109<br>LEI: 54930042CRNE713E3Q67 | Long             | EC               | CORP              | US        |      7840 | NS      | $526064.00    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Watsco Inc                                 | Watsco Inc COM USD0.50                                        | CUSIP: 942622200<br>LEI: 549300F1Y3LN5BX5WN75 | Long             | EC               | CORP              | US        |      1235 | NS      | $496939.30    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Watts Water Technologies Inc.              | Watts Water Technologies Inc. CLASS'A'COM USD0.10             | CUSIP: 942749102<br>LEI: 549300REJOO94ERQN318 | Long             | EC               | CORP              | US        |       970 | NS      | $268593.00    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Webster Financial Corp.                    | Webster Financial Corp. COM USD0.01                           | CUSIP: 947890109<br>LEI: KMRURHT0VWKYS6Z5KU67 | Long             | EC               | CORP              | US        |      5966 | NS      | $371204.52    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| The Wendys Company                         | The Wendys Company COM USD0.10                                | CUSIP: 95058W100<br>LEI: 529900M0JIUCMWVKHG76 | Long             | EC               | CORP              | US        |      6134 | NS      | $65081.74     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Wesco International, Inc.                  | Wesco International, Inc. COM USD0.01                         | CUSIP: 95082P105<br>LEI: 529900TXOGREY3WNJ434 | Long             | EC               | CORP              | US        |      1607 | NS      | $353282.88    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Western Alliance Bancorp                   | Western Alliance Bancorp COM USD0.0001                        | CUSIP: 957638109<br>LEI: 5493003VJXZ5JXT9S762 | Long             | EC               | CORP              | US        |      3855 | NS      | $345215.25    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| The Western Union Company                  | The Western Union Company COM STK USD0.01                     | CUSIP: 959802109<br>LEI: 28ID94QU1140NC23S047 | Long             | EC               | CORP              | US        |      3124 | NS      | $27085.08     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Westlake Corporation                       | Westlake Corporation COM USD0.01                              | CUSIP: 960413102<br>LEI: GOXNEVUM0LL78B1OS344 | Long             | EC               | CORP              | US        |      1239 | NS      | $108808.98    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| WEX Inc                                    | WEX Inc COM USD0.01                                           | CUSIP: 96208T104<br>LEI: T9M5IGROL1TL1G5OV478 | Long             | EC               | CORP              | US        |      1263 | NS      | $216415.05    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Whirlpool Corp.                            | Whirlpool Corp. COM USD1                                      | CUSIP: 963320106<br>LEI: WHENKOULSSK7WUM60H03 | Long             | EC               | CORP              | US        |      1984 | NS      | $184809.60    | 0.17%             |  |  |  | No            |                  1 | On Loan: —       |
| Wintrust Financial Corporation             | Wintrust Financial Corporation COM NPV                        | CUSIP: 97650W108<br>LEI: Q774KI4AW80FHFW33O61 | Long             | EC               | CORP              | US        |      2358 | NS      | $323729.82    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Flex Ltd.                                  | Flex Ltd. COM USD0.01                                         | CUSIP: Y2573F102<br>LEI: 549300EAQH74YHD07T53 | Long             | EC               | CORP              | SG        |     13590 | NS      | $728695.80    | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Perrigo Company PLC                        | Perrigo Company PLC COM EUR0.001                              | CUSIP: G97822103<br>LEI: 549300IFOQS6R1QLY196 | Long             | EC               | CORP              | IE        |      2419 | NS      | $57427.06     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Sprouts Farmers Markets Inc                | Sprouts Farmers Markets Inc COM USD0.001                      | CUSIP: 85208M102<br>LEI: 529900P8F4G77Q52XE24 | Long             | EC               | CORP              | US        |      3470 | NS      | $487673.80    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Science Applications International Corp.   | Science Applications International Corp. USD0.0001            | CUSIP: 808625107<br>LEI: 549300LZPNZIXQGZPZ48 | Long             | EC               | CORP              | US        |      1672 | NS      | $196794.40    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| CNH Industrial N.V.                        | CNH Industrial N.V. COM EUR0.01                               | CUSIP: N20944109<br>LEI: 549300WGC2HZ5J67V817 | Long             | EC               | CORP              | NL        |     31398 | NS      | $359507.10    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Essent Group Ltd.                          | Essent Group Ltd. COM USD0.015                                | CUSIP: G3198U102<br>LEI: 254900QUO860OUT6ZF83 | Long             | EC               | CORP              | BM        |      3596 | NS      | $225613.04    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Weatherford International Plc              | Weatherford International Plc COM USD0.001                    | CUSIP: G48833118<br>LEI: 529900LPBDSCQDJKHQ39 | Long             | EC               | CORP              | IE        |      1343 | NS      | $85555.82     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Synovus Financial Corp.                    | Synovus Financial Corp. COM USD1.00                           | CUSIP: 87161C501<br>LEI: 549300EIUS8UN5JTLE54 | Long             | EC               | CORP              | US        |      5016 | NS      | $258875.76    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| SouthState Corp.                           | SouthState Corp. COM USD2.5                                   | CUSIP: 840441109<br>LEI: 549300JZUANXM0YQ4W53 | Long             | EC               | CORP              | US        |      3482 | NS      | $355372.92    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Voya Financial Inc                         | Voya Financial Inc COM USD0.01                                | CUSIP: 929089100<br>LEI: 549300T065Z4KJ686G75 | Long             | EC               | CORP              | US        |      3447 | NS      | $258835.23    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Axalta Coating Systems Limited             | Axalta Coating Systems Limited COM USD1.00                    | CUSIP: G0750C108<br>LEI: 529900AGLPA40GV6H619 | Long             | EC               | CORP              | BM        |      7815 | NS      | $244296.90    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| LivaNova PLC                               | LivaNova PLC ORD GBP1.00 (DI)                                 | CUSIP: G5509L101<br>LEI: 2138001K2FX6SHK2B339 | Long             | EC               | CORP              | GB        |      2011 | NS      | $113360.07    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Topbuild Corporation                       | Topbuild Corporation COM USD0.01 'WI'                         | CUSIP: 89055F103<br>LEI: 5493007YSKHOL4RWII46 | Long             | EC               | CORP              | US        |      1007 | NS      | $423705.32    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Spire Inc                                  | Spire Inc COM USD1                                            | CUSIP: 84857L101<br>LEI: 549300NXSY15DRY2R511 | Long             | EC               | CORP              | US        |      2139 | NS      | $163847.40    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Sensata Technologies Holding PLC           | Sensata Technologies Holding PLC COM EUR0.01                  | CUSIP: G8060N102<br>LEI: 529900MS7KFYCY9MS037 | Long             | EC               | CORP              | GB        |      5188 | NS      | $168817.52    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Wyndham Hotels & Resorts Inc               | Wyndham Hotels & Resorts Inc COM USD0.01                      | CUSIP: 98311A105<br>LEI: 549300FE3MQ4RVXXC673 | Long             | EC               | CORP              | US        |      2785 | NS      | $241208.85    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| NVent Electric PLC                         | NVent Electric PLC COM USD0.01                                | CUSIP: G6700G107<br>LEI: N/A                  | Long             | EC               | CORP              | IE        |      5919 | NS      | $535018.41    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Yeti Holdings Inc                          | Yeti Holdings Inc COM USD0.01                                 | CUSIP: 98585X104<br>LEI: 549300DSQICIGNT5GO63 | Long             | EC               | CORP              | US        |       771 | NS      | $27108.36     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Capri Holdings Ltd.                        | Capri Holdings Ltd. COM NPV                                   | CUSIP: G1890L107<br>LEI: 549300LPG8W0H1OX3A26 | Long             | EC               | CORP              | VG        |      1091 | NS      | $22463.69     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Warner Music Group Corporation             | Warner Music Group Corporation COM CL A                       | CUSIP: 934550203<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5238 | NS      | $174687.30    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Vontier Corporation                        | Vontier Corporation COM                                       | CUSIP: 928881101<br>LEI: 549300VVSQLG4P5K4639 | Long             | EC               | CORP              | US        |      5327 | NS      | $228581.57    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Zoominfo Technologies Inc                  | Zoominfo Technologies Inc COMMON STOCK                        | CUSIP: 98980F104<br>LEI: 2549008GSAHW4UWFEM58 | Long             | EC               | CORP              | US        |      3162 | NS      | $34465.80     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Shift4 Payments Inc                        | Shift4 Payments Inc CL A                                      | CUSIP: 82452J109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2456 | NS      | $222096.08    | 0.21%             |  |  |  | No            |                  1 | On Loan: —       |
| Sotera Health Company                      | Sotera Health Company COM                                     | CUSIP: 83601L102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5549 | NS      | $90837.13     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Travel Plus Leisure Co                     | Travel Plus Leisure Co COM                                    | CUSIP: 894164102<br>LEI: T4VNTWMFQ7JQB65L7T35 | Long             | EC               | CORP              | US        |      2426 | NS      | $153347.46    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Valaris Ltd.                               | Valaris Ltd. CL A                                             | CUSIP: G9460G101<br>LEI: N/A                  | Long             | EC               | CORP              | BM        |      2368 | NS      | $117618.56    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Roivant Sciences Ltd                       | Roivant Sciences Ltd SHS                                      | CUSIP: G76279101<br>LEI: 549300DL466NY5J6U724 | Long             | EC               | CORP              | BM        |     13285 | NS      | $158490.05    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| CHICAGO MERCANTILE EXCHANGE                | E-mini S&P MidCap 400 Index Futures,Sep-2025,ETH              | CUSIP: N/A<br>LEI: LCZ7XYGSLJUHFXXNXD88       | Long             | DE               | CORP              | US        |         6 | NC      | $1955100.00   | 1.81%             |  |  |  | No            |                  2 | On Loan: No      |
| Unum Group                                 | Unum Group COM USD0.10                                        | CUSIP: 91529Y106<br>LEI: 549300E32YFDO6TZ8R31 | Long             | EC               | CORP              | US        |      5689 | NS      | $397433.54    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Bruker Corporation                         | Bruker Corporation COM USD0.01                                | CUSIP: 116794108<br>LEI: LEBZ6VLQ6I8XB1NHVY15 | Long             | EC               | CORP              | US        |       944 | NS      | $32077.12     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Curtiss-Wright Corp.                       | Curtiss-Wright Corp. COM USD1                                 | CUSIP: 231561101<br>LEI: TEL51ETZWP7D0ZM4X325 | Long             | EC               | CORP              | US        |      1335 | NS      | $638330.25    | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Avantor Inc                                | Avantor Inc COM USD0.01                                       | CUSIP: 05352A100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     16295 | NS      | $219493.65    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| AppFolio Inc.                              | AppFolio Inc. COM USD0.0001 CL A                              | CUSIP: 03783C100<br>LEI: 529900OOUUGT6JFC0S15 | Long             | EC               | CORP              | US        |       824 | NS      | $228561.12    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Parsons Corporation                        | Parsons Corporation COM USD1.00                               | CUSIP: 70202L102<br>LEI: 549300ZXH0VRBSEPX752 | Long             | EC               | CORP              | US        |      1674 | NS      | $134087.40    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Valvoline Inc                              | Valvoline Inc USD0.01                                         | CUSIP: 92047W101<br>LEI: 549300CMHPBEY6VPOT75 | Long             | EC               | CORP              | US        |      4553 | NS      | $176565.34    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Valmont Industries, Inc.                   | Valmont Industries, Inc. COM USD1                             | CUSIP: 920253101<br>LEI: 5493009ZGZJJ8F77JN08 | Long             | EC               | CORP              | US        |       710 | NS      | $260655.20    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Valley National Bancorp.                   | Valley National Bancorp. COM NPV                              | CUSIP: 919794107<br>LEI: 549300ET52S1UBIB9762 | Long             | EC               | CORP              | US        |     16910 | NS      | $176878.60    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Vail Resorts, Inc.                         | Vail Resorts, Inc. COM STK USD0.01                            | CUSIP: 91879Q109<br>LEI: 529900PSZHRNU9HKH870 | Long             | EC               | CORP              | US        |      1363 | NS      | $223259.40    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| V.F. Corp                                  | V.F. Corp COM NPV                                             | CUSIP: 918204108<br>LEI: CWAJJ9DJ5Z7P057HV541 | Long             | EC               | CORP              | US        |     12015 | NS      | $181786.95    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Universal Display Corp.                    | Universal Display Corp. COM USD0.01                           | CUSIP: 91347P105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1581 | NS      | $219110.79    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| United Therapeutics Corporation            | United Therapeutics Corporation COM USD0.01                   | CUSIP: 91307C102<br>LEI: 5299005C4HZL4UWROC14 | Long             | EC               | CORP              | US        |      1599 | NS      | $487311.24    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury Bills               | B 0 09/18/25                                                  | CUSIP: 912797PX9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2000000 | PA      | $1996217.78   | 1.85%             | 2025-09-18      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| US Foods Holding Corp                      | US Foods Holding Corp COM USD0.01                             | CUSIP: 912008109<br>LEI: 549300UGOZSO64CFPR97 | Long             | EC               | CORP              | US        |      8172 | NS      | $634147.20    | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| United Bankshares Inc                      | United Bankshares Inc COM USD2.50                             | CUSIP: 909907107<br>LEI: 5299005O3BAMJ9Z92V62 | Long             | EC               | CORP              | US        |      4844 | NS      | $185718.96    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| UFP Industries Inc                         | UFP Industries Inc COM                                        | CUSIP: 90278Q108<br>LEI: 5493007KB485C9OV5572 | Long             | EC               | CORP              | US        |      2175 | NS      | $219609.75    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| UMB Financial Corp.                        | UMB Financial Corp. COM USD1                                  | CUSIP: 902788108<br>LEI: 549300MGEH3N3CUCV828 | Long             | EC               | CORP              | US        |      2414 | NS      | $294266.60    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| UGI Corp                                   | UGI Corp COM NPV                                              | CUSIP: 902681105<br>LEI: DX6GCWD4Q1JO9CRE5I40 | Long             | EC               | CORP              | US        |      4577 | NS      | $158547.28    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Twilio Inc                                 | Twilio Inc COM USD0.001 CL A                                  | CUSIP: 90138F102<br>LEI: 5493004W8TRGD63APX93 | Long             | EC               | CORP              | US        |      5369 | NS      | $567020.09    | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Saia Inc                                   | Saia Inc COM USD0.001                                         | CUSIP: 78709Y105<br>LEI: 549300WNPG4N9GBOYB29 | Long             | EC               | CORP              | US        |       933 | NS      | $276597.18    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Sabra Health Care REIT, Inc.               | Sabra Health Care REIT, Inc. COM USD0.01                      | CUSIP: 78573L106<br>LEI: 549300E3BC7GU7TAZ621 | Long             | EC               | CORP              | US        |      8392 | NS      | $160371.12    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| SLM Corp.                                  | SLM Corp. COM USD0.20                                         | CUSIP: 78442P106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      7625 | NS      | $238510.00    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| SEI Investments Co                         | SEI Investments Co COM USD0.01                                | CUSIP: 784117103<br>LEI: 5LJTIFADGZ6XH1RVOC11 | Long             | EC               | CORP              | US        |      3419 | NS      | $301829.32    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Ryder System, Inc.                         | Ryder System, Inc. COM USD0.50                                | CUSIP: 783549108<br>LEI: ZXJ6Y2OSPZXIVGRILD15 | Long             | EC               | CORP              | US        |      1507 | NS      | $282592.64    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Ryan Specialty Holdings Inc                | Ryan Specialty Holdings Inc CL A                              | CUSIP: 78351F107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3774 | NS      | $213344.22    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Royal Gold, Inc.                           | Royal Gold, Inc. COM USD0.01                                  | CUSIP: 780287108<br>LEI: 5493001NGRU6SFL04184 | Long             | EC               | CORP              | US        |      2356 | NS      | $423090.48    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Rexford Industrial Realty Inc.             | Rexford Industrial Realty Inc. COM USD0.01                    | CUSIP: 76169C100<br>LEI: 549300MSLO0DF0EMX355 | Long             | EC               | CORP              | US        |      7687 | NS      | $318318.67    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Repligen Corporation                       | Repligen Corporation COM USD0.01                              | CUSIP: 759916109<br>LEI: 54930006QJ0T5AUO1E71 | Long             | EC               | CORP              | US        |      1870 | NS      | $228738.40    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Reliance Inc                               | Reliance Inc COM NPV                                          | CUSIP: 759509102<br>LEI: 549300E287ZOFT3C5Z56 | Long             | EC               | CORP              | US        |      1865 | NS      | $551405.90    | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Reinsurance Group of America, Incorporated | Reinsurance Group of America, Incorporated COM USD0.01        | CUSIP: 759351604<br>LEI: LORM1GNEU1DKEW527V90 | Long             | EC               | CORP              | US        |      2336 | NS      | $455029.44    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Regal Rexnord Corporation                  | Regal Rexnord Corporation COM USD0.01                         | CUSIP: 758750103<br>LEI: QH78R09VCJGQKPBPYU33 | Long             | EC               | CORP              | US        |      2378 | NS      | $355106.74    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| RBC Bearings Inc                           | RBC Bearings Inc COM STK USD0.01                              | CUSIP: 75524B104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1096 | NS      | $427396.16    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Rayonier Inc                               | Rayonier Inc COM NPV                                          | CUSIP: 754907103<br>LEI: HGV8VDVNL0W6SF2U9C50 | Long             | EC               | CORP              | US        |      4880 | NS      | $128246.40    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Range Resources Corp.                      | Range Resources Corp. COM USD0.01                             | CUSIP: 75281A109<br>LEI: H3Y3WLYCX0BTO1TRW162 | Long             | EC               | CORP              | US        |      8443 | NS      | $289341.61    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Rambus Inc.                                | Rambus Inc. COM USD0.001                                      | CUSIP: 750917106<br>LEI: 2549000211GDCQSLV833 | Long             | EC               | CORP              | US        |      3780 | NS      | $278850.60    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| RPM International Inc.                     | RPM International Inc. COM USD0.01                            | CUSIP: 749685103<br>LEI: 549300TJCKW4BRXPJ474 | Long             | EC               | CORP              | US        |      4606 | NS      | $577177.86    | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| RH                                         | RH COM USD0.0001                                              | CUSIP: 74967X103<br>LEI: 5493008MTS3OGGMHGK69 | Long             | EC               | CORP              | US        |       534 | NS      | $120507.78    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| RLI Corp                                   | RLI Corp COM USD1.00                                          | CUSIP: 749607107<br>LEI: 529900AMTJE5ECN9PS55 | Long             | EC               | CORP              | US        |      2958 | NS      | $200345.34    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| RB Global Inc                              | RB Global Inc COM                                             | CUSIP: 74935Q107<br>LEI: 5493002H8U24DJXQ4886 | Long             | EC               | CORP              | CA        |      6541 | NS      | $749206.14    | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Qualys Inc                                 | Qualys Inc COM USD0.001                                       | CUSIP: 74758T303<br>LEI: 549300EMBXYOW9W1XA17 | Long             | EC               | CORP              | US        |      1297 | NS      | $176145.57    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Pure Storage Inc                           | Pure Storage Inc COM USD0.0001 CL A                           | CUSIP: 74624M102<br>LEI: 549300NPDB0BZTK3WO90 | Long             | EC               | CORP              | US        |     11103 | NS      | $861703.83    | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Prosperity Bancshares Inc                  | Prosperity Bancshares Inc COM USD1                            | CUSIP: 743606105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3379 | NS      | $233590.27    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Primerica, Inc.                            | Primerica, Inc. COM USD0.01                                   | CUSIP: 74164M108<br>LEI: 254900621R686KJR7022 | Long             | EC               | CORP              | US        |      1198 | NS      | $322669.32    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Power Integrations Inc.                    | Power Integrations Inc. COM USD0.001                          | CUSIP: 739276103<br>LEI: 54930085LGXSCIHD5W31 | Long             | EC               | CORP              | US        |      1051 | NS      | $47400.10     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Potlatchdeltic Corp.                       | Potlatchdeltic Corp. COM USD1                                 | CUSIP: 737630103<br>LEI: 54930084YA8UJOTXDM59 | Long             | EC               | CORP              | US        |      2543 | NS      | $106882.29    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Post Holdings Inc.                         | Post Holdings Inc. COM USD0.01                                | CUSIP: 737446104<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | EC               | CORP              | US        |      1639 | NS      | $185452.85    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Portland General Electric Company          | Portland General Electric Company COM STK NPV                 | CUSIP: 736508847<br>LEI: GJOUP9M7C39GLSK9R870 | Long             | EC               | CORP              | US        |      3906 | NS      | $167098.68    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Polaris Inc.                               | Polaris Inc. COM USD0.01                                      | CUSIP: 731068102<br>LEI: 549300QJSN8UVWN1EI78 | Long             | EC               | CORP              | US        |      1939 | NS      | $109708.62    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Planet Fitness Inc.                        | Planet Fitness Inc. COM USD0.0001 A                           | CUSIP: 72703H101<br>LEI: 549300LLE5HUPF6H8G33 | Long             | EC               | CORP              | US        |      3023 | NS      | $316810.40    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Pinnacle Financial Partners Inc.           | Pinnacle Financial Partners Inc. COM USD1.00                  | CUSIP: 72346Q104<br>LEI: 54930098EZ8JMSAZGS24 | Long             | EC               | CORP              | US        |      2741 | NS      | $266480.02    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Pilgrims Pride Corporation                 | Pilgrims Pride Corporation COM USD0.01                        | CUSIP: 72147K108<br>LEI: 549300ZSLGV64ZL3HD75 | Long             | EC               | CORP              | US        |      1463 | NS      | $65030.35     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Permian Resources Corp                     | Permian Resources Corp CLASS A COM                            | CUSIP: 71424F105<br>LEI: 529900NXUJPOKU7OJ511 | Long             | EC               | CORP              | US        |     21796 | NS      | $311464.84    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Performance Food Group Co.                 | Performance Food Group Co. COM USD0.01                        | CUSIP: 71377A103<br>LEI: 549300EUK8GR9IT1YK57 | Long             | EC               | CORP              | US        |      5547 | NS      | $562465.80    | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Penumbra Inc.                              | Penumbra Inc. COM USD0.001                                    | CUSIP: 70975L107<br>LEI: 549300RGE06P3ECANU72 | Long             | EC               | CORP              | US        |      1378 | NS      | $375697.92    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Penske Automotive Group, Inc.              | Penske Automotive Group, Inc. COM STK USD0.0001               | CUSIP: 70959W103<br>LEI: 549300W7UTQ0M4C7LB15 | Long             | EC               | CORP              | US        |       691 | NS      | $127427.31    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Pegasystems Inc                            | Pegasystems Inc COM USD0.01                                   | CUSIP: 705573103<br>LEI: 549300FMCOKPL06FYN26 | Long             | EC               | CORP              | US        |      3176 | NS      | $172170.96    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Paylocity Holding Corporation              | Paylocity Holding Corporation COM USD0.001                    | CUSIP: 70438V106<br>LEI: 549300VH75FTB4DIEE07 | Long             | EC               | CORP              | US        |      1546 | NS      | $277089.58    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Park Hotels & Resorts Inc.                 | Park Hotels & Resorts Inc. COM USD0.01                        | CUSIP: 700517105<br>LEI: 5493005UZ5TQN0H6HS73 | Long             | EC               | CORP              | US        |      1911 | NS      | $22473.36     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| PVH Corp.                                  | PVH Corp. COM USD1.00                                         | CUSIP: 693656100<br>LEI: 123WALMHY1GZXG2YDL90 | Long             | EC               | CORP              | US        |      1711 | NS      | $144271.52    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| TXNM Energy Inc.                           | TXNM Energy Inc. COM NPV                                      | CUSIP: 69349H107<br>LEI: 5493003JOBJGLZSDDQ28 | Long             | EC               | CORP              | US        |      3231 | NS      | $183003.84    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| PBF Energy Inc                             | PBF Energy Inc COM USD0.001                                   | CUSIP: 69318G106<br>LEI: 2549003PBEDCSZMZIY02 | Long             | EC               | CORP              | US        |      1738 | NS      | $47482.16     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Owens Corning                              | Owens Corning COM USD0.01                                     | CUSIP: 690742101<br>LEI: JO5M6676RDJIZ2U8X907 | Long             | EC               | CORP              | US        |      3073 | NS      | $461472.41    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Ovintiv Inc                                | Ovintiv Inc COM                                               | CUSIP: 69047Q102<br>LEI: 2549003MEX7YMKLGI239 | Long             | EC               | CORP              | US        |      8899 | NS      | $374825.88    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Oshkosh Corporation                        | Oshkosh Corporation COM USD0.01                               | CUSIP: 688239201<br>LEI: 549300FEKNPCFSA2B506 | Long             | EC               | CORP              | US        |      2331 | NS      | $324871.47    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Ormat Technologies Inc.                    | Ormat Technologies Inc. COM STK USD0.001                      | CUSIP: 686688102<br>LEI: 5493000TSHHWY24VHM09 | Long             | EC               | CORP              | US        |      2058 | NS      | $189109.62    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Option Care Health Inc                     | Option Care Health Inc COM NEW                                | CUSIP: 68404L201<br>LEI: 549300DI3Q5ACSYJRI17 | Long             | EC               | CORP              | US        |      6097 | NS      | $174861.96    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Onto Innovation Inc.                       | Onto Innovation Inc. COM                                      | CUSIP: 683344105<br>LEI: 254900RXZVN73CHOO062 | Long             | EC               | CORP              | US        |      1752 | NS      | $185712.00    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| ONE Gas, Inc.                              | ONE Gas, Inc. COM USD0.01                                     | CUSIP: 68235P108<br>LEI: 549300HXDWI0LATTX840 | Long             | EC               | CORP              | US        |      2009 | NS      | $153688.50    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Omega Healthcare Investors, Inc.           | Omega Healthcare Investors, Inc. COM STK USD0.10              | CUSIP: 681936100<br>LEI: 549300OJ7ENK42CZ8E73 | Long             | EC               | CORP              | US        |      9699 | NS      | $412886.43    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Ollies Bargain Outlet Holdings Inc.        | Ollies Bargain Outlet Holdings Inc. COM USD0.001              | CUSIP: 681116109<br>LEI: 529900YO5DSQCPEFDZ05 | Long             | EC               | CORP              | US        |      2218 | NS      | $281331.12    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Olin Corporation                           | Olin Corporation COM USD1                                     | CUSIP: 680665205<br>LEI: 549300GKK294V7W57P06 | Long             | EC               | CORP              | US        |      4313 | NS      | $102045.58    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Old Republic International Corporation     | Old Republic International Corporation COM USD1               | CUSIP: 680223104<br>LEI: 549300IV6O2YY2A1KH37 | Long             | EC               | CORP              | US        |      8065 | NS      | $322358.05    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Old National Bancorp                       | Old National Bancorp COM NPV                                  | CUSIP: 680033107<br>LEI: 549300MMK90CL5KMVX16 | Long             | EC               | CORP              | US        |     11315 | NS      | $259000.35    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Okta Inc.                                  | Okta Inc. COM USD0.0001 CL A                                  | CUSIP: 679295105<br>LEI: 549300N8J06I8MRHU620 | Long             | EC               | CORP              | US        |      5803 | NS      | $538344.31    | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| OGE Energy Corporation                     | OGE Energy Corporation COM USD0.01                            | CUSIP: 670837103<br>LEI: CE5OG6JPOZMDSA0LAQ19 | Long             | EC               | CORP              | US        |      7128 | NS      | $318336.48    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Novanta Inc                                | Novanta Inc COM NPV                                           | CUSIP: 67000B104<br>LEI: 549300NBPHPTUPTS8070 | Long             | EC               | CORP              | CA        |      1274 | NS      | $148306.34    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| NorthWestern Energy Group Inc              | NorthWestern Energy Group Inc NEW COM USD0.01                 | CUSIP: 668074305<br>LEI: 254900N1WG46G1VMDM34 | Long             | EC               | CORP              | US        |      2175 | NS      | $125084.25    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Nexstar Media Group Inc                    | Nexstar Media Group Inc COM  USD0.01 CL'A'                    | CUSIP: 65336K103<br>LEI: 52990083ZRR5UT591988 | Long             | EC               | CORP              | US        |      1034 | NS      | $211484.02    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Nextracker Inc.                            | Nextracker Inc. CLASS A COM                                   | CUSIP: 65290E101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4845 | NS      | $325874.70    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Newmarket Corporation                      | Newmarket Corporation COM NPV                                 | CUSIP: 651587107<br>LEI: 54930082CG88ERDREQ47 | Long             | EC               | CORP              | US        |       274 | NS      | $226587.04    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| The New York Times Company                 | The New York Times Company CLASS'A'COM USD0.10                | CUSIP: 650111107<br>LEI: 529900J1WEMMIW7BOH57 | Long             | EC               | CORP              | US        |      5846 | NS      | $349824.64    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| New Jersey Resources Corp.                 | New Jersey Resources Corp. COM USD2.5                         | CUSIP: 646025106<br>LEI: 549300QKBSQBIX4DQ583 | Long             | EC               | CORP              | US        |      3668 | NS      | $173459.72    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Viper Energy Inc.                          | Viper Energy Inc. CL A                                        | CUSIP: 64361Q101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3829 | NS      | $152566.51    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Neurocrine Biosciences Inc                 | Neurocrine Biosciences Inc COM USD0.001                       | CUSIP: 64125C109<br>LEI: 549300FECER0XBN49756 | Long             | EC               | CORP              | US        |      3572 | NS      | $498651.20    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| National Storage Affiliates Trust          | National Storage Affiliates Trust USD0.01(BEN OF INT)         | CUSIP: 637870106<br>LEI: 529900FS06O8GOYNR108 | Long             | EC               | CORP              | US        |      2552 | NS      | $82250.96     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| NNN REIT Inc                               | NNN REIT Inc COM USD0.01                                      | CUSIP: 637417106<br>LEI: 5493008JKH5SOTI0JS97 | Long             | EC               | CORP              | US        |      6734 | NS      | $288955.94    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| National Fuel Gas Company                  | National Fuel Gas Company COM USD1                            | CUSIP: 636180101<br>LEI: 8JB38FFW1Y3C1HM8E841 | Long             | EC               | CORP              | US        |      3244 | NS      | $281384.56    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| NOV Inc.                                   | NOV Inc. COM                                                  | CUSIP: 62955J103<br>LEI: 549300EHF3IW1AR6U008 | Long             | EC               | CORP              | US        |     13509 | NS      | $179534.61    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Murphy USA Inc.                            | Murphy USA Inc. COM USD0.01                                   | CUSIP: 626755102<br>LEI: 549300Y081F8XIKQIO72 | Long             | EC               | CORP              | US        |       643 | NS      | $242089.50    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Murphy Oil Corporation                     | Murphy Oil Corporation COM USD1.00                            | CUSIP: 626717102<br>LEI: QBKYQD0ODE7DC7PDIN91 | Long             | EC               | CORP              | US        |      4673 | NS      | $116170.78    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Mueller Industries Inc.                    | Mueller Industries Inc. COM USD0.01                           | CUSIP: 624756102<br>LEI: 5493005IZFE4VJLLYG84 | Long             | EC               | CORP              | US        |      3924 | NS      | $376468.56    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Morningstar Inc                            | Morningstar Inc COM NPV                                       | CUSIP: 617700109<br>LEI: 529900YGNQPOVAXQ7F29 | Long             | EC               | CORP              | US        |       970 | NS      | $254547.40    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Middleby Corp.                             | Middleby Corp. COM USD0.01                                    | CUSIP: 596278101<br>LEI: JDFO86U9VQRBKW5KYA35 | Long             | EC               | CORP              | US        |      1931 | NS      | $264257.35    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Medpace Holdings Inc.                      | Medpace Holdings Inc. COM USD0.01                             | CUSIP: 58506Q109<br>LEI: 549300H8TYEUVTW14A54 | Long             | EC               | CORP              | US        |       835 | NS      | $397050.85    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Maximus Inc                                | Maximus Inc COM NPV                                           | CUSIP: 577933104<br>LEI: 549300DQCDS8HJ7QF202 | Long             | EC               | CORP              | US        |      2048 | NS      | $180060.16    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Mattel, Inc.                               | Mattel, Inc. COM USD1.00                                      | CUSIP: 577081102<br>LEI: 549300VELLG24KHTJ564 | Long             | EC               | CORP              | US        |     11453 | NS      | $209589.90    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Matador Resources Company                  | Matador Resources Company COM USD0.01                         | CUSIP: 576485205<br>LEI: 549300CI3Q2UUK5R4G79 | Long             | EC               | CORP              | US        |      3983 | NS      | $200583.88    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Mastec, Inc.                               | Mastec, Inc. COM USD0.10                                      | CUSIP: 576323109<br>LEI: 549300TMDIT8WREDOF45 | Long             | EC               | CORP              | US        |      2205 | NS      | $400626.45    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Masimo Corporation                         | Masimo Corporation COM STK USD0.001                           | CUSIP: 574795100<br>LEI: 549300Q4A8JK0PIYCU29 | Long             | EC               | CORP              | US        |      1592 | NS      | $222418.32    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Marriott Vacations Worldwide Corp          | Marriott Vacations Worldwide Corp COM USD0.01                 | CUSIP: 57164Y107<br>LEI: 549300WA6BT5H4F7IO94 | Long             | EC               | CORP              | US        |      1178 | NS      | $92060.70     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Maplebear Inc.                             | Maplebear Inc. COM                                            | CUSIP: 565394103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5858 | NS      | $254061.46    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| ManpowerGroup Inc.                         | ManpowerGroup Inc. COM USD0.01                                | CUSIP: 56418H100<br>LEI: ERO1WSFOSR0JJ6CRQ987 | Long             | EC               | CORP              | US        |      1736 | NS      | $73606.40     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Manhattan Associates Inc                   | Manhattan Associates Inc COM USD0.01                          | CUSIP: 562750109<br>LEI: 529900Q1GJP7KD52SW51 | Long             | EC               | CORP              | US        |      2193 | NS      | $472459.92    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Macy's, Inc.                               | Macy's, Inc. COM USD0.01                                      | CUSIP: 55616P104<br>LEI: 529900NZQ81TIOW3CW52 | Long             | EC               | CORP              | US        |      2565 | NS      | $33934.95     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| MACOM Technology Solutions Holdings Inc.   | MACOM Technology Solutions Holdings Inc. COM USD0.001         | CUSIP: 55405Y100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2107 | NS      | $270012.05    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| MSC Industrial Direct Co Inc.              | MSC Industrial Direct Co Inc. CL A COM USD0.001               | CUSIP: 553530106<br>LEI: 0XVKH0LN6YGOWO2EGO17 | Long             | EC               | CORP              | US        |      1601 | NS      | $144458.23    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| MSA Safety Inc.                            | MSA Safety Inc. COM NPV                                       | CUSIP: 553498106<br>LEI: 529900DVA3258XK11O39 | Long             | EC               | CORP              | US        |      1406 | NS      | $239863.60    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| MKS Inc.                                   | MKS Inc. COM NPV                                              | CUSIP: 55306N104<br>LEI: 549300KEQATBHAGVF505 | Long             | EC               | CORP              | US        |      2387 | NS      | $246672.58    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| MGIC Investment Corp.                      | MGIC Investment Corp. COM USD1.00                             | CUSIP: 552848103<br>LEI: 254900S8483WM4M98R28 | Long             | EC               | CORP              | US        |      8421 | NS      | $234356.43    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Lumentum Holdings Inc.                     | Lumentum Holdings Inc. COM USD0.001                           | CUSIP: 55024U109<br>LEI: 549300JLWRRC38DWEF52 | Long             | EC               | CORP              | US        |      2454 | NS      | $325915.74    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Louisiana Pacific Corporation              | Louisiana Pacific Corporation COM USD1.00                     | CUSIP: 546347105<br>LEI: 549300C7E2UAO5BVRR75 | Long             | EC               | CORP              | US        |      2274 | NS      | $216280.14    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Littelfuse Inc.                            | Littelfuse Inc. COM USD0.01                                   | CUSIP: 537008104<br>LEI: 549300MY7HLQFYTPCX75 | Long             | EC               | CORP              | US        |       880 | NS      | $228650.40    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Lithia Motors Incorporated                 | Lithia Motors Incorporated COM NPV                            | CUSIP: 536797103<br>LEI: SE8N1EZEHPZQBCBVKD53 | Long             | EC               | CORP              | US        |       950 | NS      | $319846.00    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Lincoln Electric Holdings Inc.             | Lincoln Electric Holdings Inc. COM NPV                        | CUSIP: 533900106<br>LEI: BIMGBY40SIN95O01BN93 | Long             | EC               | CORP              | US        |      1980 | NS      | $480407.40    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Lear Corporation                           | Lear Corporation COM USD0.01                                  | CUSIP: 521865204<br>LEI: 549300UPNBTXA1SYTQ33 | Long             | EC               | CORP              | US        |      1941 | NS      | $213510.00    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Lattice Semiconductor Corporation          | Lattice Semiconductor Corporation COM USD0.01                 | CUSIP: 518415104<br>LEI: 549300LRBBPZDQ2II567 | Long             | EC               | CORP              | US        |      4954 | NS      | $328846.52    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Lantheus Holdings Inc                      | Lantheus Holdings Inc COM USD0.01                             | CUSIP: 516544103<br>LEI: 5299005HUB5IOJGO7S39 | Long             | EC               | CORP              | US        |      2496 | NS      | $137030.40    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Landstar System Inc.                       | Landstar System Inc. COM USD0.01                              | CUSIP: 515098101<br>LEI: 254900CUQXQRL09MEI52 | Long             | EC               | CORP              | US        |      1285 | NS      | $170044.05    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Marzetti Co.                               | Marzetti Co. COM NPV                                          | CUSIP: 513847103<br>LEI: 529900X4O13HED1ZAS58 | Long             | EC               | CORP              | US        |       691 | NS      | $126176.60    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Lamar Advertising Company                  | Lamar Advertising Company COM USD0.001 CL A                   | CUSIP: 512816109<br>LEI: 529900Y8WW4MKVPTB543 | Long             | EC               | CORP              | US        |      3158 | NS      | $401855.50    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Kyndryl Holdings Inc                       | Kyndryl Holdings Inc COMMON STOCK                             | CUSIP: 50155Q100<br>LEI: 549300LQ4LWX2R8ZV130 | Long             | EC               | CORP              | US        |      8341 | NS      | $265160.39    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Knight-Swift Transportation Holdings Inc.  | Knight-Swift Transportation Holdings Inc. COM USD0.01 CLASS A | CUSIP: 499049104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5800 | NS      | $254620.00    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Knife River Corp.                          | Knife River Corp. COMMON STOCK                                | CUSIP: 498894104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2028 | NS      | $164268.00    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Kite Realty Group Trust                    | Kite Realty Group Trust COM USD0.01                           | CUSIP: 49803T300<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      7870 | NS      | $179593.40    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Kinsale Capital Group Inc                  | Kinsale Capital Group Inc COM USD0.01                         | CUSIP: 49714P108<br>LEI: 529900QTUQHNZ6HOA508 | Long             | EC               | CORP              | US        |       794 | NS      | $363215.30    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Kilroy Realty Corporation                  | Kilroy Realty Corporation COM STK USD0.01                     | CUSIP: 49427F108<br>LEI: 549300CXXI18B214UN80 | Long             | EC               | CORP              | US        |      3417 | NS      | $142113.03    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Kemper Corporation                         | Kemper Corporation COM USD0.10                                | CUSIP: 488401100<br>LEI: 549300FNI1JKTRY2PV09 | Long             | EC               | CORP              | US        |      2130 | NS      | $114274.50    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| KB Home                                    | KB Home COM STK USD1                                          | CUSIP: 48666K109<br>LEI: 549300LGUCWQURMWLG09 | Long             | EC               | CORP              | US        |      2461 | NS      | $156396.55    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| KBR Inc                                    | KBR Inc COM USD0.001                                          | CUSIP: 48242W106<br>LEI: 254900OFQDXZRKRCV808 | Long             | EC               | CORP              | US        |      4726 | NS      | $238473.96    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Jones Lang LaSalle Incorporated            | Jones Lang LaSalle Incorporated COM USD0.01                   | CUSIP: 48020Q107<br>LEI: 6SYKCME112RT8TQUO411 | Long             | EC               | CORP              | US        |      1699 | NS      | $519163.43    | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Jefferies Financial Group Inc              | Jefferies Financial Group Inc COM USD1.00                     | CUSIP: 47233W109<br>LEI: 549300HOF34RGOJ5YL07 | Long             | EC               | CORP              | US        |      5830 | NS      | $378075.50    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Iridium Communications, Inc.               | Iridium Communications, Inc. COM USD0.001                     | CUSIP: 46269C102<br>LEI: 549300U620NVQ4J1CT96 | Long             | EC               | CORP              | US        |      1970 | NS      | $49033.30     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| International Bancshares Corp              | International Bancshares Corp COM USD1                        | CUSIP: 459044103<br>LEI: 549300Y16R531AU8TX77 | Long             | EC               | CORP              | US        |      1981 | NS      | $141720.74    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Interactive Brokers Group Inc              | Interactive Brokers Group Inc COM USD0.01 CL A                | CUSIP: 45841N107<br>LEI: 5493004DT6DCDUZNDM53 | Long             | EC               | CORP              | US        |     15448 | NS      | $961483.52    | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Ingredion Incorporated                     | Ingredion Incorporated COM USD0.01                            | CUSIP: 457187102<br>LEI: PKSTQ48QDN0XSVS7YK88 | Long             | EC               | CORP              | US        |      2288 | NS      | $296387.52    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Independence Realty Trust Inc              | Independence Realty Trust Inc COM USD0.01                     | CUSIP: 45378A106<br>LEI: 549300Z3L8NU44NQEB29 | Long             | EC               | CORP              | US        |      8314 | NS      | $150566.54    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Illumina Inc                               | Illumina Inc COM USD0.01                                      | CUSIP: 452327109<br>LEI: SQ95QG8SR5Q56LSNF682 | Long             | EC               | CORP              | US        |      5675 | NS      | $567273.00    | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Idacorp Inc                                | Idacorp Inc COM NPV                                           | CUSIP: 451107106<br>LEI: N134NUJDWN8UEFA8B673 | Long             | EC               | CORP              | US        |      1908 | NS      | $238690.80    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| ITT Inc                                    | ITT Inc COM USD1.00                                           | CUSIP: 45073V108<br>LEI: 549300KDSERHTJOXUS80 | Long             | EC               | CORP              | US        |      2791 | NS      | $475167.75    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| IPG Photonics Corp                         | IPG Photonics Corp COM USD0.0001                              | CUSIP: 44980X109<br>LEI: 5493002KZ51CADQ94G15 | Long             | EC               | CORP              | US        |       957 | NS      | $78301.74     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Hyatt Hotels Corporation                   | Hyatt Hotels Corporation COM USD0.01 CLASS 'A'                | CUSIP: 448579102<br>LEI: T27JQIMTYSH41TCD5186 | Long             | EC               | CORP              | US        |      1527 | NS      | $220315.56    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Houlihan Lokey Inc.                        | Houlihan Lokey Inc. COM USD0.001 A                            | CUSIP: 441593100<br>LEI: 549300S3CNGTQ1QZVY46 | Long             | EC               | CORP              | US        |      1924 | NS      | $383357.00    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Home BancShares Inc.                       | Home BancShares Inc. COM USD0.01                              | CUSIP: 436893200<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      6616 | NS      | $196892.16    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Hims & Hers Health Inc                     | Hims & Hers Health Inc COM CL A                               | CUSIP: 433000106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      6782 | NS      | $287217.70    | 0.27%             |  |  |  | No            |                  1 | On Loan: —       |
| Hilton Grand Vacations Inc                 | Hilton Grand Vacations Inc COM USD0.01                        | CUSIP: 43283X105<br>LEI: 549300O9K6MFD8D07574 | Long             | EC               | CORP              | US        |      2048 | NS      | $97320.96     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Hexcel Corporation                         | Hexcel Corporation COM USD0.01                                | CUSIP: 428291108<br>LEI: S6Q7LW43WUBUHXY2QP69 | Long             | EC               | CORP              | US        |      2878 | NS      | $181745.70    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| HRTI LLC                                   | HRTI LLC CL A COM                                             | CUSIP: 42226K105<br>LEI: 549300CB86LH2IOKHH22 | Long             | EC               | CORP              | US        |     12127 | NS      | $210767.26    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Healthequity Inc                           | Healthequity Inc COM USD0.0001                                | CUSIP: 42226A107<br>LEI: 529900LRJU1RAFQHM467 | Long             | EC               | CORP              | US        |      3104 | NS      | $277280.32    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Harley-Davidson, Inc.                      | Harley-Davidson, Inc. COM USD0.01                             | CUSIP: 412822108<br>LEI: ZDNAWZWXIKMWI51R2A08 | Long             | EC               | CORP              | US        |      4115 | NS      | $119828.80    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| The Hanover Insurance Group, Inc.          | The Hanover Insurance Group, Inc. COM USD0.01                 | CUSIP: 410867105<br>LEI: JJYR6MFKFF6CF8DBZ078 | Long             | EC               | CORP              | US        |      1290 | NS      | $223789.20    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Hancock Whitney Corporation                | Hancock Whitney Corporation COM USD3.33                       | CUSIP: 410120109<br>LEI: 549300GRNBWY8HIICT41 | Long             | EC               | CORP              | US        |      3052 | NS      | $192031.84    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Hamilton Lane Inc                          | Hamilton Lane Inc COM USD0.001 CL A                           | CUSIP: 407497106<br>LEI: 5493006OKN3V1NORM833 | Long             | EC               | CORP              | US        |      1529 | NS      | $235985.86    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Halozyme Therapeutics Inc                  | Halozyme Therapeutics Inc COM USD0.001                        | CUSIP: 40637H109<br>LEI: 529900242I3SV9AGM753 | Long             | EC               | CORP              | US        |      4513 | NS      | $330125.95    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Haemonetics Corp                           | Haemonetics Corp COM USD0.01                                  | CUSIP: 405024100<br>LEI: 549300ZEL6TXZS6F5F95 | Long             | EC               | CORP              | US        |       929 | NS      | $50667.66     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| HF Sinclair Corp.                          | HF Sinclair Corp. COM                                         | CUSIP: 403949100<br>LEI: 2549009G116AM01XHN24 | Long             | EC               | CORP              | US        |      5487 | NS      | $279178.56    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Guidewire Software Inc                     | Guidewire Software Inc COM USD0.0001                          | CUSIP: 40171V100<br>LEI: 549300WXSG0J8IXZCK32 | Long             | EC               | CORP              | US        |      2962 | NS      | $642813.24    | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Graphic Packaging Holding Company          | Graphic Packaging Holding Company COM STK USD0.01             | CUSIP: 388689101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     10756 | NS      | $239536.12    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Grand Canyon Education Inc                 | Grand Canyon Education Inc COM USD0.01                        | CUSIP: 38526M106<br>LEI: 529900XFER799IYOSW74 | Long             | EC               | CORP              | US        |      1045 | NS      | $210640.65    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Graham Holdings Co                         | Graham Holdings Co COM USD1                                   | CUSIP: 384637104<br>LEI: 529900BOSCEEEMAFQJ29 | Long             | EC               | CORP              | US        |       121 | NS      | $131412.05    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Graco Inc                                  | Graco Inc COM USD1                                            | CUSIP: 384109104<br>LEI: 4T5VJ4S81BRT6Q7GGT78 | Long             | EC               | CORP              | US        |      5928 | NS      | $506191.92    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Goodyear Tire & Rubber Co. The             | Goodyear Tire & Rubber Co. The COM NPV                        | CUSIP: 382550101<br>LEI: 5493002BI0S2ZQUY3437 | Long             | EC               | CORP              | US        |     10210 | NS      | $86580.80     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Globus Med Inc                             | Globus Med Inc COM USD0.001 CL 'A'                            | CUSIP: 379577208<br>LEI: 5299003M2P4CIK0RF205 | Long             | EC               | CORP              | US        |      3944 | NS      | $241648.88    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Glacier Bancorp Inc.                       | Glacier Bancorp Inc. COM USD0.01                              | CUSIP: 37637Q105<br>LEI: 549300SMJAUKZB5D7V74 | Long             | EC               | CORP              | US        |      4062 | NS      | $199647.30    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Gentex Corp                                | Gentex Corp COM USD0.06                                       | CUSIP: 371901109<br>LEI: 549300S3UD8XV1MN0287 | Long             | EC               | CORP              | US        |      8067 | NS      | $225956.67    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| The Gap Inc.                               | The Gap Inc. COM USD0.05                                      | CUSIP: 364760108<br>LEI: T2ZG1WRWZ4BUCMQL9224 | Long             | EC               | CORP              | US        |      7538 | NS      | $165911.38    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Gamestop Corp                              | Gamestop Corp COM USD0.001 CLASS A                            | CUSIP: 36467W109<br>LEI: 549300505KLOET039L77 | Long             | EC               | CORP              | US        |      9124 | NS      | $204468.84    | 0.19%             |  |  |  | No            |                  1 | On Loan: —       |
| Gaming and Leisure Properties Inc          | Gaming and Leisure Properties Inc COM USD0.01                 | CUSIP: 36467J108<br>LEI: 5493006GWRDBCZYWTM57 | Long             | EC               | CORP              | US        |      9830 | NS      | $471938.30    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| GXO Logistics Inc.                         | GXO Logistics Inc. COMMON STOCK                               | CUSIP: 36262G101<br>LEI: 5493007CNWMXN78JRN66 | Long             | EC               | CORP              | US        |      4058 | NS      | $213653.70    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| GATX Corporation                           | GATX Corporation COM USD0.625                                 | CUSIP: 361448103<br>LEI: 549300IHYHCQP2PIR591 | Long             | EC               | CORP              | US        |      1273 | NS      | $214258.63    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Frontier Communications Parent Inc         | Frontier Communications Parent Inc COM                        | CUSIP: 35909D109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      7861 | NS      | $291485.88    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Fortune Brands Innovations Inc             | Fortune Brands Innovations Inc USD0.01                        | CUSIP: 34964C106<br>LEI: 54930032LHW54PQUJD44 | Long             | EC               | CORP              | US        |      4265 | NS      | $249587.80    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Flowserve Corporation                      | Flowserve Corporation COM USD1.25                             | CUSIP: 34354P105<br>LEI: 6Y0GK87T6V7NJKZJVM41 | Long             | EC               | CORP              | US        |      4660 | NS      | $250055.60    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Fluor Corporation                          | Fluor Corporation COM USD0.01                                 | CUSIP: 343412102<br>LEI: CQ7WZ4NOFWT7FAE6Q943 | Long             | EC               | CORP              | US        |      5840 | NS      | $239556.80    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Floor And Decor Holding Inc.               | Floor And Decor Holding Inc. COM USD0.001 CL A                | CUSIP: 339750101<br>LEI: 549300M5FR3N688XGQ36 | Long             | EC               | CORP              | US        |      3841 | NS      | $314654.72    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Five Below Inc                             | Five Below Inc COM USD0.01                                    | CUSIP: 33829M101<br>LEI: 529900AAXP5Z6BGI7418 | Long             | EC               | CORP              | US        |      1951 | NS      | $283090.10    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Firstcash Holdings Inc                     | Firstcash Holdings Inc COM                                    | CUSIP: 33768G107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1416 | NS      | $208534.32    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| First Horizon Corporation                  | First Horizon Corporation COM USD0.625                        | CUSIP: 320517105<br>LEI: TF3RXI1ZB1TQ30H9JV10 | Long             | EC               | CORP              | US        |     17991 | NS      | $406596.60    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| First Financial Bankshares Inc             | First Financial Bankshares Inc COM USD0.01                    | CUSIP: 32020R109<br>LEI: 549300XN3GTGOENGNV49 | Long             | EC               | CORP              | US        |      4562 | NS      | $169569.54    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Financial Corporation       | First American Financial Corporation COM USD0.00001           | CUSIP: 31847R102<br>LEI: 549300B6VEZK3N0A1P55 | Long             | EC               | CORP              | US        |      3653 | NS      | $241098.00    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity National Financial, Inc.          | Fidelity National Financial, Inc. FNF GROUP COM USD0.0001     | CUSIP: 31620R303<br>LEI: 549300CAZYIH39SYQ287 | Long             | EC               | CORP              | US        |      9221 | NS      | $552061.27    | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Federated Hermes Inc                       | Federated Hermes Inc COM NPV CLASS B                          | CUSIP: 314211103<br>LEI: R05X5UQ874RGFF7HHD84 | Long             | EC               | CORP              | US        |      2676 | NS      | $142095.60    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| FTI Consulting, Inc.                       | FTI Consulting, Inc. COM USD0.01                              | CUSIP: 302941109<br>LEI: 549300K17GM8EQD0FQ48 | Long             | EC               | CORP              | US        |      1194 | NS      | $201356.16    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| F N B Corp (Pennsylvania)                  | F N B Corp (Pennsylvania) COM USD0.01                         | CUSIP: 302520101<br>LEI: PCYSKIGYNYFDTBLVZU83 | Long             | EC               | CORP              | US        |     12913 | NS      | $215517.97    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Exponent Inc                               | Exponent Inc COM USD0.001                                     | CUSIP: 30214U102<br>LEI: 529900NY3F5Q2NWPUZ42 | Long             | EC               | CORP              | US        |      1800 | NS      | $128484.00    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| ExlService Holdings Inc.                   | ExlService Holdings Inc. COM STK USD0.001                     | CUSIP: 302081104<br>LEI: 81E3DTNF6OSH489ZOV15 | Long             | EC               | CORP              | US        |      5777 | NS      | $252917.06    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Exelixis, Inc.                             | Exelixis, Inc. COM USD0.001                                   | CUSIP: 30161Q104<br>LEI: 254900PJQB59O2O95R37 | Long             | EC               | CORP              | US        |      9672 | NS      | $361926.24    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Evercore Inc                               | Evercore Inc COM USD0.01 CLASS 'A'                            | CUSIP: 29977A105<br>LEI: 529900P6KLPT95DW3W58 | Long             | EC               | CORP              | US        |      1268 | NS      | $407725.40    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Euronet Worldwide, Inc.                    | Euronet Worldwide, Inc. COM USD0.02                           | CUSIP: 298736109<br>LEI: YG3575C4DSHJPA5KET68 | Long             | EC               | CORP              | US        |      1502 | NS      | $139971.38    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Essential Utilities Inc                    | Essential Utilities Inc COM                                   | CUSIP: 29670G102<br>LEI: 549300ILTEOF3E3QY357 | Long             | EC               | CORP              | US        |      9051 | NS      | $357605.01    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| ESAB Corp.                                 | ESAB Corp. COM                                                | CUSIP: 29605J106<br>LEI: 549300ZNV0SWBXEIWT04 | Long             | EC               | CORP              | US        |      2035 | NS      | $234777.95    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Equity Lifestyle Properties Inc            | Equity Lifestyle Properties Inc COM USD0.01                   | CUSIP: 29472R108<br>LEI: 529900PEQG66LENB6798 | Long             | EC               | CORP              | US        |      6861 | NS      | $413649.69    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Equitable Holdings Inc                     | Equitable Holdings Inc COM                                    | CUSIP: 29452E101<br>LEI: 549300FIBAKMNHPZ4009 | Long             | EC               | CORP              | US        |     10778 | NS      | $574036.28    | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Entegris Inc                               | Entegris Inc COM USD0.01                                      | CUSIP: 29362U104<br>LEI: IYX6OWO7BT5DKO3BYG52 | Long             | EC               | CORP              | US        |      5422 | NS      | $454038.28    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Ensign Group Inc                           | Ensign Group Inc COM USD0.001                                 | CUSIP: 29358P101<br>LEI: 5493003K4HEEA8Q0BC72 | Long             | EC               | CORP              | US        |      2022 | NS      | $347339.16    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| EnerSys                                    | EnerSys COM USD0.01                                           | CUSIP: 29275Y102<br>LEI: 7ZS3DE5PN30BYUJFWP05 | Long             | EC               | CORP              | US        |      1398 | NS      | $143504.70    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Encompass Health Corporation               | Encompass Health Corporation COM USD0.01                      | CUSIP: 29261A100<br>LEI: 549300FVRPM9DRQZRG64 | Long             | EC               | CORP              | US        |      3609 | NS      | $439431.84    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Emcor Group Inc                            | Emcor Group Inc COM STK USD0.01                               | CUSIP: 29084Q100<br>LEI: 529900X0SQJB2J7YDU43 | Long             | EC               | CORP              | US        |      1587 | NS      | $983940.00    | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| EchoStar Corp.                             | EchoStar Corp. COM USD0.001 CLASS A                           | CUSIP: 278768106<br>LEI: 549300EE20907QZ9GT38 | Long             | EC               | CORP              | US        |      4384 | NS      | $270887.36    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Eastgroup Properties, Inc.                 | Eastgroup Properties, Inc. COM USD0.0001                      | CUSIP: 277276101<br>LEI: 31TIGQQZC4P6JMHKSW85 | Long             | EC               | CORP              | US        |      1774 | NS      | $300799.44    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| East West Bancorp Inc                      | East West Bancorp Inc COM USD0.001                            | CUSIP: 27579R104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4966 | NS      | $522125.24    | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Eagle Materials Inc.                       | Eagle Materials Inc. COM USD0.01                              | CUSIP: 26969P108<br>LEI: 529900KRXRGXL61SG039 | Long             | EC               | CORP              | US        |      1192 | NS      | $275232.80    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| EPR Properties                             | EPR Properties SBI USD0.01                                    | CUSIP: 26884U109<br>LEI: 549300YSSXFHMPOWZ492 | Long             | EC               | CORP              | US        |      1624 | NS      | $88102.00     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| E L F Beauty Inc                           | E L F Beauty Inc COM USD0.01                                  | CUSIP: 26856L103<br>LEI: 549300U2K9TCON25C029 | Long             | EC               | CORP              | US        |      2000 | NS      | $250000.00    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Dynatrace Inc                              | Dynatrace Inc COM USD0.001                                    | CUSIP: 268150109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     10725 | NS      | $542685.00    | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Doximity Inc                               | Doximity Inc CL A                                             | CUSIP: 26622P107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4662 | NS      | $316736.28    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Dropbox Inc                                | Dropbox Inc COM USD0.00001 CL A                               | CUSIP: 26210C104<br>LEI: 549300JCDF7UAR6TJR51 | Long             | EC               | CORP              | US        |      6997 | NS      | $203332.82    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Donaldson Co Inc                           | Donaldson Co Inc COM USD5                                     | CUSIP: 257651109<br>LEI: OZE6KXY9QQPR8EJ8WL20 | Long             | EC               | CORP              | US        |      4300 | NS      | $342581.00    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Dolby Laboratories Inc.                    | Dolby Laboratories Inc. COM STK USD0.001 CLASS 'A'            | CUSIP: 25659T107<br>LEI: 549300X04FB2QPCJ5J24 | Long             | EC               | CORP              | US        |      2207 | NS      | $158197.76    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Dick's Sporting Goods, Inc.                | Dick's Sporting Goods, Inc. COM USD0.01                       | CUSIP: 253393102<br>LEI: 529900SSBV5I4LWSK313 | Long             | EC               | CORP              | US        |      2003 | NS      | $426238.40    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Darling Ingredients, Inc                   | Darling Ingredients, Inc COM USD0.01                          | CUSIP: 237266101<br>LEI: L1N0SPPKS7EXZYUMZ898 | Long             | EC               | CORP              | US        |      5698 | NS      | $193504.08    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| DT Midstream Inc                           | DT Midstream Inc COMMON STOCK                                 | CUSIP: 23345M107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3565 | NS      | $371401.70    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Cytokinetics Inc                           | Cytokinetics Inc COM USD0.001                                 | CUSIP: 23282W605<br>LEI: 549300BE5DY1HW7IHA64 | Long             | EC               | CORP              | US        |      1997 | NS      | $70554.01     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Cullen/Frost Bankers, Inc.                 | Cullen/Frost Bankers, Inc. COM USD0.01                        | CUSIP: 229899109<br>LEI: 529900V2E9G9AY665O34 | Long             | EC               | CORP              | US        |      2278 | NS      | $293930.34    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| CubeSmart (Maryland)                       | CubeSmart (Maryland) COM USD0.01                              | CUSIP: 229663109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      8022 | NS      | $328260.24    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Crown Holdings Inc                         | Crown Holdings Inc COM USD5                                   | CUSIP: 228368106<br>LEI: NYLWZIOY8PUNIT4JOE22 | Long             | EC               | CORP              | US        |      4152 | NS      | $412625.76    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Crocs Inc                                  | Crocs Inc COM STK USD0.001                                    | CUSIP: 227046109<br>LEI: 549300B0J6YCXD63OG72 | Long             | EC               | CORP              | US        |      2029 | NS      | $176928.80    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Crane NXT Co                               | Crane NXT Co COM                                              | CUSIP: 224441105<br>LEI: 549300EXNPSXEWUD3N21 | Long             | EC               | CORP              | US        |      1744 | NS      | $104169.12    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Crane Co.                                  | Crane Co. COMMON STOCK                                        | CUSIP: 224408104<br>LEI: 5493000CQRQOTHUODL75 | Long             | EC               | CORP              | US        |      1725 | NS      | $319642.50    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Cousins Properties Inc.                    | Cousins Properties Inc. COM USD1.00(POST REV SPLIT)           | CUSIP: 222795502<br>LEI: 5493007XPYD5EJABN062 | Long             | EC               | CORP              | US        |      6012 | NS      | $177293.88    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Coty Inc.                                  | Coty Inc. COM USD0.01 CL 'A'                                  | CUSIP: 222070203<br>LEI: 549300BO9IWPF3S48F93 | Long             | EC               | CORP              | US        |     12121 | NS      | $51877.88     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| COPT Defense Properties                    | COPT Defense Properties COM USD0.01                           | CUSIP: 22002T108<br>LEI: YY1J47X6LF9TYY8JY420 | Long             | EC               | CORP              | US        |      4160 | NS      | $119724.80    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Core & Main Inc                            | Core & Main Inc CL A                                          | CUSIP: 21874C102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      6713 | NS      | $434465.36    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Concentrix Corp.                           | Concentrix Corp. COM                                          | CUSIP: 20602D101<br>LEI: 5493000EAJN1KMPVA737 | Long             | EC               | CORP              | US        |      1682 | NS      | $88742.32     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Commvault Systems Inc.                     | Commvault Systems Inc. COM STK USD0.01                        | CUSIP: 204166102<br>LEI: 65T5VRP62VXG39YFML83 | Long             | EC               | CORP              | US        |      1576 | NS      | $294152.52    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Commercial Metals Company                  | Commercial Metals Company COM USD5                            | CUSIP: 201723103<br>LEI: 549300OQS2LO07ZJ7N73 | Long             | EC               | CORP              | US        |      4145 | NS      | $239042.15    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Commerce Bancshares Inc                    | Commerce Bancshares Inc COM USD5                              | CUSIP: 200525103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4373 | NS      | $270863.62    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Comerica Incorporated                      | Comerica Incorporated COM USD5                                | CUSIP: 200340107<br>LEI: I9Q57JVPWHHZ3ZGBW498 | Long             | EC               | CORP              | US        |      4675 | NS      | $329961.50    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Columbia Sportswear Co.                    | Columbia Sportswear Co. COM NPV                               | CUSIP: 198516106<br>LEI: 549300OTMCIEUXAH5Z60 | Long             | EC               | CORP              | US        |       573 | NS      | $31927.56     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Columbia Banking System Inc.               | Columbia Banking System Inc. COM NPV                          | CUSIP: 197236102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      7524 | NS      | $201417.48    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Cognex Corp                                | Cognex Corp COM USD0.002                                      | CUSIP: 192422103<br>LEI: 549300JQTYZCLC43S226 | Long             | EC               | CORP              | US        |      6085 | NS      | $267374.90    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Coca-Cola Consolidated Inc                 | Coca-Cola Consolidated Inc COM USD1                           | CUSIP: 191098102<br>LEI: 57VG5X0E00X0QJU7CQ58 | Long             | EC               | CORP              | US        |      1830 | NS      | $214549.20    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Cleveland-Cliffs Inc                       | Cleveland-Cliffs Inc COM USD0.125                             | CUSIP: 185899101<br>LEI: 549300TM2WLI2BJMDD86 | Long             | EC               | CORP              | US        |     17908 | NS      | $192511.00    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Clean Harbors, Inc.                        | Clean Harbors, Inc. COM USD0.01                               | CUSIP: 184496107<br>LEI: 5493000SJVZVZJKHJF48 | Long             | EC               | CORP              | US        |      1811 | NS      | $438642.31    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Cirrus Logic, Inc.                         | Cirrus Logic, Inc. COM USD0.001                               | CUSIP: 172755100<br>LEI: 549300NKSJEM5ZZSSV18 | Long             | EC               | CORP              | US        |      1904 | NS      | $217417.76    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Ciena Corporation                          | Ciena Corporation COM STK USD0.01                             | CUSIP: 171779309<br>LEI: W0CZ7N0GH8UIGXDM1H41 | Long             | EC               | CORP              | US        |      5041 | NS      | $473702.77    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Churchill Downs Inc                        | Churchill Downs Inc COM NPV                                   | CUSIP: 171484108<br>LEI: 529900FODTBQC8MIS994 | Long             | EC               | CORP              | US        |      2644 | NS      | $274262.12    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Choice Hotels International, Inc.          | Choice Hotels International, Inc. COM USD.01                  | CUSIP: 169905106<br>LEI: 5493003CYRY5RFGTIR97 | Long             | EC               | CORP              | US        |       835 | NS      | $99849.30     | 0.09%             |  |  |  | No            |                  1 | On Loan: —       |
| Chewy Inc                                  | Chewy Inc COM USD0.01 CL A                                    | CUSIP: 16679L109<br>LEI: 254900NPQSTG9I422879 | Long             | EC               | CORP              | US        |      5337 | NS      | $218603.52    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Chemed Corporation                         | Chemed Corporation CAP USD1                                   | CUSIP: 16359R103<br>LEI: 54930020031IDJT2IM79 | Long             | EC               | CORP              | US        |       536 | NS      | $245461.20    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Chart Industries Inc                       | Chart Industries Inc COM USD0.01                              | CUSIP: 16115Q308<br>LEI: EM7QGKC1GYOF3LSZSL80 | Long             | EC               | CORP              | US        |      1491 | NS      | $297245.76    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Celsius Holdings Inc.                      | Celsius Holdings Inc. COM USD0.001                            | CUSIP: 15118V207<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5523 | NS      | $347286.24    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| CAVA Group Inc.                            | CAVA Group Inc. COM                                           | CUSIP: 148929102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2885 | NS      | $194881.75    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Casey'S General Stores Inc.                | Casey'S General Stores Inc. COM NPV                           | CUSIP: 147528103<br>LEI: 549300CAFWSI86V66Q65 | Long             | EC               | CORP              | US        |      1320 | NS      | $652766.40    | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Carpenter Technology Corporation           | Carpenter Technology Corporation COM USD5                     | CUSIP: 144285103<br>LEI: DX6I6ZD3X5WNNCDJKP85 | Long             | EC               | CORP              | US        |      1790 | NS      | $431175.20    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Carlyle Group Inc                          | Carlyle Group Inc COM                                         | CUSIP: 14316J108<br>LEI: 529900NGGVF94UK6PG95 | Long             | EC               | CORP              | US        |      7560 | NS      | $488073.60    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Carlisle Companies Inc.                    | Carlisle Companies Inc. COM USD1                              | CUSIP: 142339100<br>LEI: XR64VGX1ZPX6G7ZN7Z11 | Long             | EC               | CORP              | US        |      1530 | NS      | $590411.70    | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Cadence Bank                               | Cadence Bank COM                                              | CUSIP: 12740C103<br>LEI: Q7C315HKI8VX0SSKBS64 | Long             | EC               | CORP              | US        |      6570 | NS      | $247294.80    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| CACI International Inc.                    | CACI International Inc. CLASS'A'COM USD0.10                   | CUSIP: 127190304<br>LEI: SYRPI2D1O9WRTS2WX210 | Long             | EC               | CORP              | US        |       795 | NS      | $381377.40    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Cabot Corporation                          | Cabot Corporation COM USD1                                    | CUSIP: 127055101<br>LEI: K05C0SER542GQ6VLRO68 | Long             | EC               | CORP              | US        |      1942 | NS      | $158389.52    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| CNX Resources Corporation                  | CNX Resources Corporation COM USD0.01                         | CUSIP: 12653C108<br>LEI: 549300JK3KH8PWM3B226 | Long             | EC               | CORP              | US        |      5133 | NS      | $149883.60    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| CNO Financial Group, Inc.                  | CNO Financial Group, Inc. COM USD0.01                         | CUSIP: 12621E103<br>LEI: 11XPYHB76MPM4Y4P2897 | Long             | EC               | CORP              | US        |      3604 | NS      | $142249.88    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Burlington Stores Inc.                     | Burlington Stores Inc. COM USD0.0001                          | CUSIP: 122017106<br>LEI: 5299003Z37DVGKKC1W09 | Long             | EC               | CORP              | US        |      2228 | NS      | $647635.04    | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Brunswick Corporation                      | Brunswick Corporation COM USD0.75                             | CUSIP: 117043109<br>LEI: YM4O38W15AX4YLLQKU27 | Long             | EC               | CORP              | US        |      2441 | NS      | $155223.19    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Brixmor Property Group Inc                 | Brixmor Property Group Inc COM USD0.01                        | CUSIP: 11120U105<br>LEI: 5299007UXW6Y0W2EGZ95 | Long             | EC               | CORP              | US        |     10992 | NS      | $307666.08    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Brinks Company                             | Brinks Company BRINKS GROUP COM USD1                          | CUSIP: 109696104<br>LEI: XFP140TFNOQMIVFTVQ13 | Long             | EC               | CORP              | US        |      1548 | NS      | $173437.92    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Brighthouse Financial Inc.                 | Brighthouse Financial Inc. COM USD0.01                        | CUSIP: 10922N103<br>LEI: 5493003T8SZSHOGGAW52 | Long             | EC               | CORP              | US        |      2159 | NS      | $102034.34    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Boyd Gaming Corporation                    | Boyd Gaming Corporation COM USD0.01                           | CUSIP: 103304101<br>LEI: 254900787YGRYS2A1Z35 | Long             | EC               | CORP              | US        |      2165 | NS      | $185886.90    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Boston Beer Co Inc                         | Boston Beer Co Inc CLASS'A'COM USD0.01                        | CUSIP: 100557107<br>LEI: 529900Q02MQ0DCQNRM58 | Long             | EC               | CORP              | US        |       312 | NS      | $68980.08     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Block(H&R)Inc                              | Block(H&R)Inc COM NPV                                         | CUSIP: 093671105<br>LEI: 549300CE3KUCWLZBG404 | Long             | EC               | CORP              | US        |      4748 | NS      | $239061.80    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Blackbaud Inc                              | Blackbaud Inc COM USD0.001                                    | CUSIP: 09227Q100<br>LEI: 54930056X3HKFMNG3754 | Long             | EC               | CORP              | US        |      1362 | NS      | $90859.02     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Black Hills Corporation                    | Black Hills Corporation COM USD1                              | CUSIP: 092113109<br>LEI: 3MGELCRSTNSAMJ962671 | Long             | EC               | CORP              | US        |      2592 | NS      | $155027.52    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Biomarin Pharmaceutical Inc.               | Biomarin Pharmaceutical Inc. COM USD0.001                     | CUSIP: 09061G101<br>LEI: NSLL8ITTRR0J5HEMR848 | Long             | EC               | CORP              | US        |      3380 | NS      | $196952.60    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Bio-Rad Laboratories, Inc.                 | Bio-Rad Laboratories, Inc. CLASS'A'COM USD0.0001              | CUSIP: 090572207<br>LEI: 549300ZC1GPV35XYDK53 | Long             | EC               | CORP              | US        |       690 | NS      | $205537.20    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| BILL Holdings Inc                          | BILL Holdings Inc COM                                         | CUSIP: 090043100<br>LEI: 549300IBF9VZZIGOZW63 | Long             | EC               | CORP              | US        |       435 | NS      | $20192.70     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| BellRing Intermediate Holdings Inc.        | BellRing Intermediate Holdings Inc. COMMON STOCK              | CUSIP: 07831C103<br>LEI: 549300S3BOK5CMTS8054 | Long             | EC               | CORP              | US        |      4550 | NS      | $186777.50    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Belden Inc.                                | Belden Inc. COM USD0.01                                       | CUSIP: 077454106<br>LEI: 68BKYO1JC791TTJHUE82 | Long             | EC               | CORP              | US        |      1428 | NS      | $185925.60    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Bath & Body Works Inc                      | Bath & Body Works Inc COM                                     | CUSIP: 070830104<br>LEI: GR3KVMWVCR54YWQNXU90 | Long             | EC               | CORP              | US        |      7682 | NS      | $224391.22    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank OZK                                   | Bank OZK COM USD0.01                                          | CUSIP: 06417N103<br>LEI: 549300VYK2WBD7SST478 | Long             | EC               | CORP              | US        |      3742 | NS      | $196342.74    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| BWX Technologies Inc.                      | BWX Technologies Inc. COM USD0.01                             | CUSIP: 05605H100<br>LEI: 549300NP85N265KWMS58 | Long             | EC               | CORP              | US        |      3284 | NS      | $532139.36    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| BJ Wholesale Club Holdings Inc             | BJ Wholesale Club Holdings Inc COM USD0.01                    | CUSIP: 05550J101<br>LEI: 549300UCIWH1C93V0J03 | Long             | EC               | CORP              | US        |      4685 | NS      | $457630.80    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Avnet, Inc.                                | Avnet, Inc. COM USD1.00                                       | CUSIP: 053807103<br>LEI: XJI53DCPL7QABOWK4Z75 | Long             | EC               | CORP              | US        |      2974 | NS      | $162291.18    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Avis Budget Group Inc.                     | Avis Budget Group Inc. COM STK USD0.01                        | CUSIP: 053774105<br>LEI: 529900E95812SYWMCE44 | Long             | EC               | CORP              | US        |       300 | NS      | $47469.00     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Avient Corporation                         | Avient Corporation COM                                        | CUSIP: 05368V106<br>LEI: SM8L9RZYIB34LNTWO040 | Long             | EC               | CORP              | US        |      3380 | NS      | $126412.00    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| AutoNation, Inc.                           | AutoNation, Inc. COM USD0.01                                  | CUSIP: 05329W102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       882 | NS      | $193228.56    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Autoliv Inc.                               | Autoliv Inc. COM USD1.00                                      | CUSIP: 052800109<br>LEI: A23RUXWKASG834LTMK28 | Long             | EC               | CORP              | US        |      2588 | NS      | $321093.16    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Associated Banc-Corp                       | Associated Banc-Corp COM USD0.01                              | CUSIP: 045487105<br>LEI: 549300N3CIN473IW5094 | Long             | EC               | CORP              | US        |      5947 | NS      | $160390.59    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Ashland Inc.                               | Ashland Inc. COM USD0.01                                      | CUSIP: 044186104<br>LEI: 529900E4L9R04SB8HB11 | Long             | EC               | CORP              | US        |      1690 | NS      | $94893.50     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Arrow Electronics, Inc.                    | Arrow Electronics, Inc. COM USD1                              | CUSIP: 042735100<br>LEI: 549300YNNLBXT8N8R512 | Long             | EC               | CORP              | US        |      1888 | NS      | $238511.04    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Aramark                                    | Aramark COM USD0.01                                           | CUSIP: 03852U106<br>LEI: 549300MR6PG2DWZUIL39 | Long             | EC               | CORP              | US        |      9498 | NS      | $371466.78    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Aptargroup Inc.                            | Aptargroup Inc. COM USD0.01                                   | CUSIP: 038336103<br>LEI: VNPEQDQFAA7IY1T2PX43 | Long             | EC               | CORP              | US        |      2382 | NS      | $331741.14    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Applied Industrial Technologies Inc.       | Applied Industrial Technologies Inc. COM NPV                  | CUSIP: 03820C105<br>LEI: 549300NU173IJRC6PO38 | Long             | EC               | CORP              | US        |      1374 | NS      | $362158.92    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Antero Midstream Corporation               | Antero Midstream Corporation COM USD1.00                      | CUSIP: 03676B102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     11988 | NS      | $213266.52    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Antero Resources Corporation               | Antero Resources Corporation USD0.01                          | CUSIP: 03674X106<br>LEI: APVBKPOULHUX7YZLKU17 | Long             | EC               | CORP              | US        |     10261 | NS      | $327531.12    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Annaly Capital Management, Inc.            | Annaly Capital Management, Inc. COM NEW                       | CUSIP: 035710839<br>LEI: 2DTL0G3FPRYUT58TI025 | Long             | EC               | CORP              | US        |     18910 | NS      | $400702.90    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Amkor Technology, Inc.                     | Amkor Technology, Inc. COM STK USD0.001                       | CUSIP: 031652100<br>LEI: 529900VHLRTKPWZJBM84 | Long             | EC               | CORP              | US        |      4077 | NS      | $98622.63     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| American Homes 4 Rent                      | American Homes 4 Rent COM USD0.01 'A'                         | CUSIP: 02665T306<br>LEI: 549300ZJUO7A58PNUW40 | Long             | EC               | CORP              | US        |     11365 | NS      | $407094.30    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| American Financial Group, Inc.             | American Financial Group, Inc. COM NPV                        | CUSIP: 025932104<br>LEI: 549300AFOM7IVKIU1G39 | Long             | EC               | CORP              | US        |      2567 | NS      | $348752.62    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| American Airlines Group Inc                | American Airlines Group Inc COM USD0.01                       | CUSIP: 02376R102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     23599 | NS      | $315518.63    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Allete Inc                                 | Allete Inc COM NPV                                            | CUSIP: 018522300<br>LEI: 549300NNLSIMY6Z8OT86 | Long             | EC               | CORP              | US        |      2053 | NS      | $131699.95    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Allegro MicroSystems Inc                   | Allegro MicroSystems Inc COM                                  | CUSIP: 01749D105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4884 | NS      | $150671.40    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| ATI Inc                                    | ATI Inc COM USD0.10                                           | CUSIP: 01741R102<br>LEI: ZW1LRE7C3H17O2ZN9B45 | Long             | EC               | CORP              | US        |      5060 | NS      | $392352.40    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Alcoa Corporation                          | Alcoa Corporation COM USD0.01                                 | CUSIP: 013872106<br>LEI: 549300T12EZ1F6PWWU29 | Long             | EC               | CORP              | US        |      3054 | NS      | $98308.26     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Albertsons Companies Inc.                  | Albertsons Companies Inc. COMMON STOCK                        | CUSIP: 013091103<br>LEI: 549300YKWOC0AOR16R51 | Long             | EC               | CORP              | US        |     14477 | NS      | $281722.42    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Alaska Air Group Inc.                      | Alaska Air Group Inc. COM USD0.01                             | CUSIP: 011659109<br>LEI: 529900G48RT4KWLC6C27 | Long             | EC               | CORP              | US        |      4466 | NS      | $280375.48    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Agree Realty Corp                          | Agree Realty Corp COM USD0.0001                               | CUSIP: 008492100<br>LEI: 98450090H010B37OEB68 | Long             | EC               | CORP              | US        |      3709 | NS      | $269792.66    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Affiliated Managers Group, Inc.            | Affiliated Managers Group, Inc. COM USD0.01                   | CUSIP: 008252108<br>LEI: 2JE75BUE3T1BLCYYGK54 | Long             | EC               | CORP              | US        |      1008 | NS      | $226618.56    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| AeroVironment, Inc.                        | AeroVironment, Inc. COM USD0.0001                             | CUSIP: 008073108<br>LEI: 529900PGHVI29YLZ6221 | Long             | EC               | CORP              | US        |      1129 | NS      | $272484.15    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Advanced Drainage System Inc               | Advanced Drainage System Inc COM USD0.01                      | CUSIP: 00790R104<br>LEI: 6QQTOZ5MF5DHM7K92I60 | Long             | EC               | CORP              | US        |      2533 | NS      | $364676.01    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| AECOM                                      | AECOM COM STK USD0.01                                         | CUSIP: 00766T100<br>LEI: 0EEB8GF0W0NPCIHZX097 | Long             | EC               | CORP              | US        |      4706 | NS      | $587732.34    | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Acuity Inc.                                | Acuity Inc. COM STK USD0.01                                   | CUSIP: 00508Y102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1097 | NS      | $358137.59    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Asgn Incorporated                          | Asgn Incorporated COM USD0.01                                 | CUSIP: 00191U102<br>LEI: LZBNYYCBUKY537072438 | Long             | EC               | CORP              | US        |      1567 | NS      | $85009.75     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Abercrombie & Fitch Co                     | Abercrombie & Fitch Co CL'A'COM USD0.01                       | CUSIP: 002896207<br>LEI: 5493000J7LL72TOGT983 | Long             | EC               | CORP              | US        |       797 | NS      | $74543.41     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Agco Corporation                           | Agco Corporation COM USD0.01                                  | CUSIP: 001084102<br>LEI: LYOM0B2GCF1JWXK5ZG04 | Long             | EC               | CORP              | US        |      2219 | NS      | $240073.61    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| API Group Corp                             | API Group Corp COM STK                                        | CUSIP: 00187Y100<br>LEI: 213800NZT1VX6PZ7BT53 | Long             | EC               | CORP              | US        |     12900 | NS      | $460272.00    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Aaon Inc                                   | Aaon Inc COM STK USD0.004                                     | CUSIP: 000360206<br>LEI: 549300ZHF0E5VM7PUD37 | Long             | EC               | CORP              | US        |      2393 | NS      | $198499.35    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| MOUNT VERNON LIQUID ASSETS PORTFOLIO       | MOUNT VERNON LIQUID ASSETS PORTFOLIO                          | CUSIP: 990VR1110<br>LEI: 549300HR54NVNP038048 | Long             | STIV             | RF                | US        |    736899 | OU      | $736899.00    | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-10-30

**Name of Applicant:** SHELTON FUNDS

**Signature:** /s/ Gregory Pusch

**Name of Signer:** Gregory Pusch

**Title:** General Counsel and CCO