# EDGAR Filing Document

**Accession Number:** 0001815558
**File Stem:** 0000910472-25-002499
**Filing Date:** 2025-10
**Character Count:** 37877
**Document Hash:** 1832edd20f071a61958188474f9254b0
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-25-002499.hdr.sgml**: 20251029

**ACCESSION NUMBER**: 0000910472-25-002499

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250831

**FILED AS OF DATE**: 20251029

**DATE AS OF CHANGE**: 20251028

**PERIOD START**: 20260228

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Waycross Independent Trust
- **CENTRAL INDEX KEY:** 0001815558

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23581
- **FILM NUMBER:** 251426467

**BUSINESS ADDRESS:**
- **STREET 1:** C/O ULTIMUS FUND SOLUTIONS, LLC
- **STREET 2:** 225 PICTORIA DRIVE, SUITE 450
- **CITY:** CINCINNATI
- **STATE:** OH
- **ZIP:** 45246
- **BUSINESS PHONE:** 513-587-3400

**MAIL ADDRESS:**
- **STREET 1:** C/O ULTIMUS FUND SOLUTIONS, LLC
- **STREET 2:** 225 PICTORIA DRIVE, SUITE 450
- **CITY:** CINCINNATI
- **STATE:** OH
- **ZIP:** 45246

## Series and Classes Contracts Data

### WAYCROSS MANAGED RISK EQUITY FUND (Series ID: S000069481)

| Class ID   | Class Name                        | Ticker Symbol   |
|:---|:---|:---|
| C000221782 | WAYCROSS MANAGED RISK EQUITY FUND | WAYEX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Waycross Independent Trust

- **b. Investment Company Act file number:** 811-23581

- **c. CIK number of Registrant:** 0001815558

- **d. LEI of Registrant:** 549300V2Z4A93B0ZQR11

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

  - **Street Address 1:** 4965 U.S. Highway 42

  - **City:** Louisville

  - **State:** KY

  - **Foreign country:** US

  - **Zip / Postal Code:** 40222

  - **Telephone number:** (502) 410-1912

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

- **a. Name of Series:** WAYCROSS MANAGED RISK EQUITY FUND

- **b. EDGAR series identifier (if any):** S000069481

- **c. LEI of Series:** 549300U60O75JGNNWC07

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

- **a. Date of fiscal year-end:** 2026-02-28

- **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:** $156212847.82

**Total Liabilities:** $45006416.07

**Net Assets:** $111206431.75

**Cash Not Reported:** $44798933.75

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000221782 | 3.53%                | 2.84%                | 0.55%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $39792.58                | $3582711.46                                |
| Month 2  | $1649273.76              | $1374228.36                                |
| Month 3  | $75940.29                | $375394.42                                 |

**Designated Index Information**

- **Index Name:** S&P 500 (Price)

- **Index Identifier:** 500

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| IDEXX Laboratories Inc.                   | IDEXX Laboratories, Inc.                                 | CUSIP: 45168D104<br>LEI: OGMTXK0LUU1HKV2P0J84 | Long             | EC               | CORP              | US        |      1592 | NS      | $1030167.28   | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Revvity Inc                               | Revvity, Inc. Short                                      | CUSIP: 714046109<br>LEI: 549300IKL1SDPFI7N655 | Short            | EC               | CORP              | US        |    -10870 | NS      | $-979495.70   | -0.88%            |  |  |  | No            |                  1 | On Loan: No      |
| Lowes Companies, Inc.                     | Lowe's Companies, Inc.                                   | CUSIP: 548661107<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | EC               | CORP              | US        |     10305 | NS      | $2659308.30   | 2.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Meta Platforms Inc                        | Meta Platforms, Inc. Class A                             | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |      3787 | NS      | $2797456.90   | 2.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Lululemon Athletica Inc.                  | lululemon athletica, inc.                                | CUSIP: 550021109<br>LEI: 549300D9GZ4BMLDW5T40 | Short            | EC               | CORP              | US        |     -5700 | NS      | $-1152540.00  | -1.04%            |  |  |  | No            |                  1 | On Loan: No      |
| Carlisle Companies Inc.                   | Carlisle Cos., Inc.                                      | CUSIP: 142339100<br>LEI: XR64VGX1ZPX6G7ZN7Z11 | Long             | EC               | CORP              | US        |      5421 | NS      | $2091909.69   | 1.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Truist Financial Corp.                    | Truist Financial Corporation                             | CUSIP: 89832Q109<br>LEI: 549300DRQQI75D2JP341 | Long             | EC               | CORP              | US        |     39388 | NS      | $1844146.16   | 1.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Cadence Design Systems, Inc.              | CADENCE DESIGN - SHORT POSITION                          | CUSIP: 127387108<br>LEI: GCT7RXJOGLXPV0NXZY22 | Short            | EC               | CORP              | US        |     -1500 | NS      | $-525645.00   | -0.47%            |  |  |  | No            |                  1 | On Loan: No      |
| Old Dominion Freight Line Inc.            | Old Dominion Freight Line, Inc. Short                    | CUSIP: 679580100<br>LEI: 5299009TWK32WE417T96 | Short            | EC               | CORP              | US        |     -5400 | NS      | $-815238.00   | -0.73%            |  |  |  | No            |                  1 | On Loan: No      |
| Biogen Inc                                | BIOGEN IDEC, INC. - SHORT POSITION                       | CUSIP: 09062X103<br>LEI: W8J5WZB5IY3K0NDQT671 | Short            | EC               | CORP              | US        |     -6700 | NS      | $-885874.00   | -0.80%            |  |  |  | No            |                  1 | On Loan: No      |
| Becton, Dickinson and Company             | Becton, Dickinson and Company                            | CUSIP: 075887109<br>LEI: ICE2EP6D98PQUILVRZ91 | Long             | EC               | CORP              | US        |      4087 | NS      | $788709.26    | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Illinois Tool Works Inc.                  | ILLINOIS TOOL WORKS, INC. SHORT                          | CUSIP: 452308109<br>LEI: 76NA4I14SZCFAYMNSV04 | Short            | EC               | CORP              | US        |     -5400 | NS      | $-1429110.00  | -1.29%            |  |  |  | No            |                  1 | On Loan: No      |
| M&T Bank Corporation                      | M&T Bank Corporation                                     | CUSIP: 55261F104<br>LEI: 549300WYXDDBYRASEG81 | Short            | EC               | CORP              | US        |     -5500 | NS      | $-1109130.00  | -1.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Medtronic PLC                             | MEDTRONIC PLC SHORT                                      | CUSIP: G5960L103<br>LEI: 549300GX3ZBSQWUXY261 | Short            | EC               | CORP              | US        |    -14800 | NS      | $-1373588.00  | -1.24%            |  |  |  | No            |                  1 | On Loan: No      |
| Fifth Third Bancorp                       | Fifth Third Bancorp                                      | CUSIP: 316773100<br>LEI: THRNG6BD57P9QWTQLG42 | Long             | EC               | CORP              | US        |     39492 | NS      | $1807548.84   | 1.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Citigroup Inc.                            | Citigroup, Inc.                                          | CUSIP: 172967424<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | EC               | CORP              | US        |     25081 | NS      | $2422072.17   | 2.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Burlington Stores Inc.                    | BURLINGTON STORES, INC. SHORT                            | CUSIP: 122017106<br>LEI: 5299003Z37DVGKKC1W09 | Short            | EC               | CORP              | US        |     -4400 | NS      | $-1278992.00  | -1.15%            |  |  |  | No            |                  1 | On Loan: No      |
| Hilton Worldwide Holdings Inc             | HILTON WORLDWIDE HOLDINGS, INC. SHORT                    | CUSIP: 43300A203<br>LEI: 549300HVGPK36ICB0B89 | Short            | EC               | CORP              | US        |     -6400 | NS      | $-1766784.00  | -1.59%            |  |  |  | No            |                  1 | On Loan: No      |
| Intuitive Surgical Inc.                   | Intuitive Surgical, Inc.                                 | CUSIP: 46120E602<br>LEI: 54930052SRG011710797 | Long             | EC               | CORP              | US        |      4085 | NS      | $1933410.08   | 1.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Instruments Inc.                    | TEXAS INSTRUMENTS, INC. SHORT                            | CUSIP: 882508104<br>LEI: WDJNR2L6D8RWOEB8T652 | Short            | EC               | CORP              | US        |     -6950 | NS      | $-1407236.00  | -1.27%            |  |  |  | No            |                  1 | On Loan: No      |
| Price T Rowe Group Inc.                   | T Rowe Price Group, Inc.                                 | CUSIP: 74144T108<br>LEI: 549300SIV6FPS9Y7IH33 | Short            | EC               | CORP              | US        |    -11100 | NS      | $-1194582.00  | -1.07%            |  |  |  | No            |                  1 | On Loan: No      |
| Zimmer Biomet Holdings Inc                | ZIMMER BIOMET HOLDINGS, INC. SHORT                       | CUSIP: 98956P102<br>LEI: 2P2YLDVPES3BXQ1FRB91 | Short            | EC               | CORP              | US        |    -12810 | NS      | $-1359141.00  | -1.22%            |  |  |  | No            |                  1 | On Loan: No      |
| Occidental Petroleum Corp.                | Occidental Petroleum Corporation                         | CUSIP: 674599105<br>LEI: IM7X0T3ECJW4C1T7ON55 | Short            | EC               | CORP              | US        |    -24000 | NS      | $-1142640.00  | -1.03%            |  |  |  | No            |                  1 | On Loan: No      |
| Honeywell International Inc.              | Honeywell International, Inc.                            | CUSIP: 438516106<br>LEI: ISRPG12PN4EIEOEMW547 | Long             | EC               | CORP              | US        |      4978 | NS      | $1092671.00   | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Stanley Black & Decker, Inc.              | Stanley Black & Decker, Inc.                             | CUSIP: 854502101<br>LEI: 549300DJ09SMTO561131 | Long             | EC               | CORP              | US        |     20900 | NS      | $1552661.00   | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Oracle Corp.                              | Oracle Corporation                                       | CUSIP: 68389X105<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | EC               | CORP              | US        |      6800 | NS      | $1537684.00   | 1.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Check Point Software Technologies Ltd.    | Check Point Software Technologies Ltd.                   | CUSIP: M22465104<br>LEI: 2549003ZVBH73EPNS513 | Long             | EC               | CORP              | IL        |      6443 | NS      | $1244401.02   | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| MasterCard Incorporated                   | Mastercard, Inc. Class A                                 | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               | CORP              | US        |      4378 | NS      | $2606179.62   | 2.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Workday Inc                               | Workday, Inc. Class A                                    | CUSIP: 98138H101<br>LEI: 549300J0DYC0N31V7G13 | Short            | EC               | CORP              | US        |     -4750 | NS      | $-1096395.00  | -0.99%            |  |  |  | No            |                  1 | On Loan: No      |
| Analog Devices Inc.                       | Analog Devices, Inc.                                     | CUSIP: 032654105<br>LEI: GYVOE5EZ4GDAVTU4CQ61 | Long             | EC               | CORP              | US        |      8737 | NS      | $2195695.47   | 1.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Intuit Inc                                | Intuit, Inc.                                             | CUSIP: 461202103<br>LEI: VI90HBPH7XSFMB9E4M29 | Long             | EC               | CORP              | US        |      2151 | NS      | $1434717.00   | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Adobe Inc                                 | Adobe Systems, Inc. Short                                | CUSIP: 00724F101<br>LEI: FU4LY2G4933NH2E1CP29 | Short            | EC               | CORP              | US        |     -3000 | NS      | $-1070100.00  | -0.96%            |  |  |  | No            |                  1 | On Loan: No      |
| Commerce Bancshares Inc                   | Commerce Bancshares, Inc.                                | CUSIP: 200525103<br>LEI: N/A                  | Short            | EC               | CORP              | US        |    -16590 | NS      | $-1027584.60  | -0.92%            |  |  |  | No            |                  1 | On Loan: No      |
| Edwards Lifesciences Corporation          | EDWARDS LIFESCIENCES CORPORATION SHORT                   | CUSIP: 28176E108<br>LEI: YA13X31F3V31L8TMPR58 | Short            | EC               | CORP              | US        |    -14000 | NS      | $-1138760.00  | -1.02%            |  |  |  | No            |                  1 | On Loan: No      |
| Johnson & Johnson                         | JOHNSON & JOHNSON SHORT                                  | CUSIP: 478160104<br>LEI: 549300G0CFPGEF6X2043 | Short            | EC               | CORP              | US        |     -7100 | NS      | $-1257907.00  | -1.13%            |  |  |  | No            |                  1 | On Loan: No      |
| Emerson Electric Co.                      | Emerson Electric Co.                                     | CUSIP: 291011104<br>LEI: FGLT0EWZSUIRRITFOA30 | Long             | EC               | CORP              | US        |     10063 | NS      | $1328316.00   | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Advanced Micro Devices Inc.               | Advanced Micro Devices, Inc.                             | CUSIP: 007903107<br>LEI: R2I72C950HOYXII45366 | Long             | EC               | CORP              | US        |      6500 | NS      | $1057095.00   | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| PPG Industries, Inc.                      | PPG INDUSTRIES, INC. SHORT                               | CUSIP: 693506107<br>LEI: 549300BKPEP01R3V6C59 | Short            | EC               | CORP              | US        |     -8600 | NS      | $-956578.00   | -0.86%            |  |  |  | No            |                  1 | On Loan: No      |
| Paypal Holdings Inc.                      | PayPal Holdings, Inc.                                    | CUSIP: 70450Y103<br>LEI: 5493005X2GO78EFZ3E94 | Long             | EC               | CORP              | US        |      6389 | NS      | $448443.91    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Ovintiv Inc                               | Ovintiv, Inc.                                            | CUSIP: 69047Q102<br>LEI: 2549003MEX7YMKLGI239 | Short            | EC               | CORP              | US        |    -24000 | NS      | $-1010880.00  | -0.91%            |  |  |  | No            |                  1 | On Loan: No      |
| Target Corp.                              | Target Corporation                                       | CUSIP: 87612E106<br>LEI: 8WDDFXB5T1Z6J0XC1L66 | Long             | EC               | CORP              | US        |      5658 | NS      | $543054.84    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Edison International                      | Edison International                                     | CUSIP: 281020107<br>LEI: 549300I7ROF15MAEVP56 | Long             | EC               | CORP              | US        |     21825 | NS      | $1225037.25   | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Xcel Energy Inc                           | Xcel Energy, Inc.                                        | CUSIP: 98389B100<br>LEI: LGJNMI9GH8XIDG5RCM61 | Long             | EC               | CORP              | US        |     19205 | NS      | $1390249.95   | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Comcast Corporation                       | COMCAST CORPORATION CLASS A                              | CUSIP: 20030N101<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Short            | EC               | CORP              | US        |    -38000 | NS      | $-1290860.00  | -1.16%            |  |  |  | No            |                  1 | On Loan: No      |
| Constellation Brands, Inc.                | Constellation Brands, Inc. Class A                       | CUSIP: 21036P108<br>LEI: 5493005GKEG8QCVY7037 | Short            | EC               | CORP              | US        |     -4100 | NS      | $-663954.00   | -0.60%            |  |  |  | No            |                  1 | On Loan: No      |
| EOG Resources Inc.                        | EOG Resources, Inc.                                      | CUSIP: 26875P101<br>LEI: XWTZDRYZPBUHIQBKDB46 | Long             | EC               | CORP              | US        |     14237 | NS      | $1777062.34   | 1.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Autodesk Inc                              | Autodesk, Inc. Short                                     | CUSIP: 052769106<br>LEI: FRKKVKAIQEF3FCSTPG55 | Short            | EC               | CORP              | US        |     -3930 | NS      | $-1236771.00  | -1.11%            |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc.                             | Alphabet, Inc. Class A                                   | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |     12657 | NS      | $2694801.87   | 2.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Walt Disney Company                       | THE WALT DISNEY COMPANY SHORT                            | CUSIP: 254687106<br>LEI: 549300GZKULIZ0WOW665 | Short            | EC               | CORP              | US        |     -8500 | NS      | $-1006230.00  | -0.90%            |  |  |  | No            |                  1 | On Loan: No      |
| Fiserv Inc.                               | FISERV, INC. SHORT                                       | CUSIP: 337738108<br>LEI: GI7UBEJLXYLGR2C7GV83 | Short            | EC               | CORP              | US        |     -5500 | NS      | $-759990.00   | -0.68%            |  |  |  | No            |                  1 | On Loan: No      |
| Consolidated Edison, Inc.                 | Consolidated Edison, Inc.                                | CUSIP: 209115104<br>LEI: 54930033SBW53OO8T749 | Short            | EC               | CORP              | US        |    -13500 | NS      | $-1326105.00  | -1.19%            |  |  |  | No            |                  1 | On Loan: No      |
| Nike, Inc.                                | NIKE, Inc. Class B                                       | CUSIP: 654106103<br>LEI: 787RXPR0UX0O0XUXPZ81 | Long             | EC               | CORP              | US        |     17760 | NS      | $1374091.20   | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Lockheed Martin Corporation               | Lockheed Martin Corporation Short                        | CUSIP: 539830109<br>LEI: DPRBOZP0K5RM2YE8UU08 | Short            | EC               | CORP              | US        |     -2900 | NS      | $-1321327.00  | -1.19%            |  |  |  | No            |                  1 | On Loan: No      |
| Autozone, Inc.                            | AutoZone, Inc.                                           | CUSIP: 053332102<br>LEI: GA3JGKJ41LJKXDN23E90 | Short            | EC               | CORP              | US        |      -300 | NS      | $-1259559.00  | -1.13%            |  |  |  | No            |                  1 | On Loan: No      |
| Dupont De Nemours Inc                     | DuPont de Nemours, Inc.                                  | CUSIP: 26614N102<br>LEI: 5493004JF0SDFLM8GD76 | Long             | EC               | CORP              | US        |     17471 | NS      | $1343869.32   | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple Inc.                                | Apple, Inc.                                              | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |     10128 | NS      | $2351113.92   | 2.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Southern Co.                              | Southern Company                                         | CUSIP: 842587107<br>LEI: 549300FC3G3YU2FBZD92 | Long             | EC               | CORP              | US        |      5963 | NS      | $550384.90    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Colchester Street Trust          | Fidelity Institutional Money Market Government Portfolio | CUSIP: 316175108<br>LEI: 549300SHPEJB1OPRCV46 | Long             | STIV             | RF                | US        |  10732333 | PA      | $10732332.92  | 9.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Rockwell Automation, Inc.                 | Rockwell Automation, Inc.                                | CUSIP: 773903109<br>LEI: VH3R4HHBHH12O0EXZJ88 | Short            | EC               | CORP              | US        |     -3400 | NS      | $-1167662.00  | -1.05%            |  |  |  | No            |                  1 | On Loan: No      |
| Diamondback Energy Inc                    | Diamondback Energy, Inc.                                 | CUSIP: 25278X109<br>LEI: 549300R22LSX6OHWEN64 | Long             | EC               | CORP              | US        |      8106 | NS      | $1205848.56   | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Knight-Swift Transportation Holdings Inc. | Knight-Swift Transportation Holdings, Inc.               | CUSIP: 499049104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     30600 | NS      | $1343340.00   | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Sysco Corporation                         | Sysco Corporation                                        | CUSIP: 871829107<br>LEI: 5RGWIFLMGH3YS7KWI652 | Long             | EC               | CORP              | US        |     12570 | NS      | $1011507.90   | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| The TJX Companies Inc.                    | TJX Companies, Inc. (The)                                | CUSIP: 872540109<br>LEI: V167QI9I69W364E2DY52 | Long             | EC               | CORP              | US        |     10977 | NS      | $1499567.97   | 1.35%             |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA Corp.                              | NVIDIA Corporation                                       | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |     29851 | NS      | $5199447.18   | 4.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Ingersoll Rand Inc                        | Ingersoll-Rand Inc.                                      | CUSIP: 45687V106<br>LEI: 5299004C02FMZCUOIR50 | Long             | EC               | CORP              | US        |     29718 | NS      | $2360500.74   | 2.12%             |  |  |  | No            |                  1 | On Loan: No      |
| The Boeing Company                        | Boeing Company (The)                                     | CUSIP: 097023105<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | EC               | CORP              | US        |     12944 | NS      | $3037697.92   | 2.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Cencora Inc                               | Cencora Incorporated                                     | CUSIP: 03073E105<br>LEI: AI8GXW8LG5WK7E9UD086 | Long             | EC               | CORP              | US        |      5404 | NS      | $1575860.44   | 1.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Starbucks Corp.                           | Starbucks Corporation                                    | CUSIP: 855244109<br>LEI: OQSJ1DU9TAOC51A47K68 | Long             | EC               | CORP              | US        |     10587 | NS      | $933667.53    | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Applied Materials Inc.                    | APPLIED MATERIALS, INC. SHORT                            | CUSIP: 038222105<br>LEI: 41BNNE1AFPNAZELZ6K07 | Short            | EC               | CORP              | US        |     -5500 | NS      | $-884180.00   | -0.80%            |  |  |  | No            |                  1 | On Loan: No      |
| Lennox International Inc.                 | Lennox International, Inc.                               | CUSIP: 526107107<br>LEI: S7DWAC87RDMPBF77GJ92 | Short            | EC               | CORP              | US        |     -2160 | NS      | $-1204977.60  | -1.08%            |  |  |  | No            |                  1 | On Loan: No      |
| Abbott Laboratories                       | Abbott Laboratories                                      | CUSIP: 002824100<br>LEI: HQD377W2YR662HK5JX27 | Long             | EC               | CORP              | US        |     11328 | NS      | $1502772.48   | 1.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Marriott International, Inc.              | Marriott International, Inc. Class A                     | CUSIP: 571903202<br>LEI: 225YDZ14ZO8E1TXUSU86 | Long             | EC               | CORP              | US        |      6236 | NS      | $1670374.96   | 1.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corp.                           | Microsoft Corporation                                    | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |      9287 | NS      | $4705630.03   | 4.23%             |  |  |  | No            |                  1 | On Loan: No      |
| PNC Financial Services Group Inc.         | PNC FINANCIAL SERVICES GROUP, INC. - SHORT               | CUSIP: 693475105<br>LEI: CFGNEKW0P8842LEUIA51 | Short            | EC               | CORP              | US        |     -6200 | NS      | $-1286128.00  | -1.16%            |  |  |  | No            |                  1 | On Loan: No      |
| Danaher Corporation                       | Danaher Corporation                                      | CUSIP: 235851102<br>LEI: S4BKK9OTCEWQ3YHPFM11 | Long             | EC               | CORP              | US        |      5732 | NS      | $1179760.24   | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs Group, Inc.                 | Goldman Sachs Group, Inc. (The)                          | CUSIP: 38141G104<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | EC               | CORP              | US        |      3509 | NS      | $2615082.25   | 2.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Baker Hughes Company                      | Baker Hughes Company Class A                             | CUSIP: 05722G100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     37102 | NS      | $1684430.80   | 1.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Amazon.com, Inc.                          | Amazon.com, Inc.                                         | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |     16526 | NS      | $3784454.00   | 3.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Home Depot Inc.                           | Home Depot, Inc. (The)                                   | CUSIP: 437076102<br>LEI: QEKMOTMBBKA8I816DO57 | Short            | EC               | CORP              | US        |     -2500 | NS      | $-1016925.00  | -0.91%            |  |  |  | No            |                  1 | On Loan: No      |
| Synopsys Inc                              | Synopsys, Inc.                                           | CUSIP: 871607107<br>LEI: QG7T915N9S0NY5UKNE63 | Long             | EC               | CORP              | US        |       800 | NS      | $482816.00    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Boston Scientific Corporation             | Boston Scientific Corporation                            | CUSIP: 101137107<br>LEI: Y6ZDD9FP4P8JSSJMW954 | Long             | EC               | CORP              | US        |     14394 | NS      | $1518567.00   | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Delta Air Lines Inc.                      | Delta Air Lines, Inc.                                    | CUSIP: 247361702<br>LEI: Q2CCMS6R0AS67HJMBN42 | Long             | EC               | CORP              | US        |     15000 | NS      | $926700.00    | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Atlassian Corporation                     | Atlassian Corporation Class A - Short                    | CUSIP: 049468101<br>LEI: 549300V7ZY5P02D2MY38 | Short            | EC               | CORP              | AU        |     -3900 | NS      | $-693342.00   | -0.62%            |  |  |  | No            |                  1 | On Loan: No      |
| Salesforce Inc.                           | Salesforce, Inc.                                         | CUSIP: 79466L302<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | EC               | CORP              | US        |      4335 | NS      | $1110843.75   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| O'Reilly Automotive Inc.                  | O'Reilly Automotive, Inc.                                | CUSIP: 67103H107<br>LEI: 549300K2RLMQL149Q332 | Long             | EC               | CORP              | US        |     17460 | NS      | $1810252.80   | 1.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Blackrock Inc.                            | BlackRock, Inc.                                          | CUSIP: 09290D101<br>LEI: 529900VBK42Y5HHRMD23 | Long             | EC               | CORP              | US        |      1175 | NS      | $1324389.50   | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Walmart Inc                               | Walmart, Inc.                                            | CUSIP: 931142103<br>LEI: Y87794H0US1R65VBXU25 | Long             | EC               | CORP              | US        |     18187 | NS      | $1763775.26   | 1.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Accenture PLC                             | ACCENTURE PLC CLASS A                                    | CUSIP: G1151C101<br>LEI: 5493000EWHDSR3MZWH98 | Short            | EC               | CORP              | US        |     -4663 | NS      | $-1212240.11  | -1.09%            |  |  |  | No            |                  1 | On Loan: No      |
| Paychex Inc                               | PAYCHEX, INC. SHORT                                      | CUSIP: 704326107<br>LEI: 529900K900DW6SUBM174 | Short            | EC               | CORP              | US        |     -9000 | NS      | $-1255095.00  | -1.13%            |  |  |  | No            |                  1 | On Loan: No      |
| Marsh & McLennan Companies, Inc.          | Marsh & McLennan Companies, Inc.                         | CUSIP: 571748102<br>LEI: 549300XMP3KDCKJXIU47 | Long             | EC               | CORP              | US        |      5244 | NS      | $1079267.64   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| AbbVie Inc.                               | AbbVie, Inc.                                             | CUSIP: 00287Y109<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | EC               | CORP              | US        |     12953 | NS      | $2725311.20   | 2.45%             |  |  |  | No            |                  1 | On Loan: No      |
| The Charles Schwab Corporation            | Charles Schwab Corporation (The)                         | CUSIP: 808513105<br>LEI: 549300VSGCJ7E698NM85 | Long             | EC               | CORP              | US        |     18125 | NS      | $1737100.00   | 1.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Servicenow Inc                            | ServiceNow, Inc.                                         | CUSIP: 81762P102<br>LEI: 549300HJTQM36M0E1G39 | Long             | EC               | CORP              | US        |      1583 | NS      | $1452339.18   | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Halliburton Company                       | Halliburton Company                                      | CUSIP: 406216101<br>LEI: ENYF8GB5SMQZ25S06U51 | Short            | EC               | CORP              | US        |    -61000 | NS      | $-1386530.00  | -1.25%            |  |  |  | No            |                  1 | On Loan: No      |
| Palo Alto Networks Inc                    | Palo Alto Networks, Inc. Short                           | CUSIP: 697435105<br>LEI: 549300QXR2YVZV231H43 | Short            | EC               | CORP              | US        |     -6300 | NS      | $-1200276.00  | -1.08%            |  |  |  | No            |                  1 | On Loan: No      |
| NXP Semiconductors NV                     | NXP Semiconductors N.V.                                  | CUSIP: N6596X109<br>LEI: 724500M9BY5293JDF951 | Long             | EC               | CORP              | NL        |      6214 | NS      | $1459357.90   | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Arista Networks Inc                       | Arista Networks, Inc.                                    | CUSIP: 040413205<br>LEI: 635400H1WKBLOQERUU95 | Short            | EC               | CORP              | US        |     -5500 | NS      | $-751025.00   | -0.68%            |  |  |  | No            |                  1 | On Loan: No      |
| Broadcom Inc                              | Broadcom, Inc.                                           | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |      9175 | NS      | $2728553.25   | 2.45%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-08-31

**Name of Applicant:** Waycross Managed Risk Equity Fund

**Signature:** Daniel D. Bauer

**Name of Signer:** Daniel D. Bauer

**Title:** VP, Fund Accounting