# EDGAR Filing Document

**Accession Number:** 0001199046
**File Stem:** 0000910472-25-003914
**Filing Date:** 2025-11
**Character Count:** 88837
**Document Hash:** 612e483d5a85ad50434d9adb0d0b9cac
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-25-003914.hdr.sgml**: 20251125

**ACCESSION NUMBER**: 0000910472-25-003914

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251125

**DATE AS OF CHANGE**: 20251125

**PERIOD START**: 20260331

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** UNIFIED SERIES TRUST
- **CENTRAL INDEX KEY:** 0001199046

**ORGANIZATION NAME:**
- **EIN:** 000000000

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-21237
- **FILM NUMBER:** 251515599

**BUSINESS ADDRESS:**
- **STREET 1:** 225 PICTORIA DRIVE, SUITE 450
- **CITY:** CINCINNATI
- **STATE:** OH
- **ZIP:** 45246
- **BUSINESS PHONE:** 513-346-3324

**MAIL ADDRESS:**
- **STREET 1:** 225 PICTORIA DRIVE, SUITE 450
- **CITY:** CINCINNATI
- **STATE:** OH
- **ZIP:** 45246

## Series and Classes Contracts Data

### ABSOLUTE CONVERTIBLE ARBITRAGE FUND (Series ID: S000081739)

| Class ID   | Class Name           | Ticker Symbol   |
|:---|:---|:---|
| C000244723 | INVESTOR SHARES      | ARBOX           |
| C000244724 | INSTITUTIONAL SHARES | ARBIX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Unified Series Trust

- **b. Investment Company Act file number:** 811-21237

- **c. CIK number of Registrant:** 0001199046

- **d. LEI of Registrant:** 549300NFHRL589EP7U13

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

  - **Street Address 1:** 225 Pictoria Drive

  - **City:** Cincinnati

  - **State:** OH

  - **Foreign country:** US

  - **Zip / Postal Code:** 45246

  - **Telephone number:** 513-587-3400

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

- **a. Name of Series:** ABSOLUTE CONVERTIBLE ARBITRAGE FUND

- **b. EDGAR series identifier (if any):** S000081739

- **c. LEI of Series:** 5493000NKQNH7CADRD86

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

- **a. Date of fiscal year-end:** 2026-03-31

- **b. Date as of which information is reported:** 2025-09-30

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $1810977624.32

**Total Liabilities:** $551112120.78

**Net Assets:** $1259865503.54

**Currency Risk Metrics (dv01):**

- 

**Credit Spread Risk - Investment Grade (dv01):**

- **3-Month:** 0.00000000 | **1-Year:** 607.10043904 | **5-Year:** 4875.11924615 | **10-Year:** 292.23878519 | **30-Year:** 0.00000000

**Credit Spread Risk - Non-Investment Grade (dv01):**

- **3-Month:** 127.34811372 | **1-Year:** 1914.49811595 | **5-Year:** 4591.05459306 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000244723 | 0.61%                | 0.69%                | 1.03%                |
| Class ID C000244724 | 0.60%                | 0.69%                | 1.02%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-559040.26              | $5108455.01                                |
| Month 2  | $1573664.70              | $4471683.47                                |
| Month 3  | $5301030.38              | $5045950.17                                |

**Designated Index Information**

- **Index Name:** ICE BofAML US High Yield Index

- **Index Identifier:** H0A0

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Helix Energy Solutions Group, Inc.    | Helix Energy Solutions Group Inc         | CUSIP: 42330PAL1<br>LEI: 416AP2JOUTCWEGSOZW41 | Long             | DBT              | CORP              | US        |   7500000 | PA      | $7929525.00   | 0.63%             | 2029-03-01      | Fixed         | 9.75%                 | Yes           |                  2 | On Loan: No      |
| Penguin Solutions Inc                 | Penguin Solutions, Inc.                  | CUSIP: 83205YAC8<br>LEI: 529900RDGHQY8XKXPN14 | Long             | DBT              | CORP              | KY        |  10395000 | PA      | $14433024.24  | 1.15%             | 2029-02-01      | Fixed         | 2.00%                 | Yes           |                  2 | On Loan: No      |
| Repay Holdings Corporation            | Repay Holdings Corp                      | CUSIP: 76029L100<br>LEI: 2549006EJ42T73ZKUI98 | Short            | EC               | CORP              | US        |   -346339 | NS      | $-1811352.97  | -0.14%            |  |  |  | No            |                  1 | On Loan: No      |
| WEC Energy Group Inc.                 | WEC Energy Group, Inc.                   | CUSIP: 92939U106<br>LEI: 549300IGLYTZUK3PVP70 | Short            | EC               | CORP              | US        |    -17000 | NS      | $-1948030.00  | -0.15%            |  |  |  | No            |                  1 | On Loan: No      |
| Datadog Inc                           | Datadog, Inc.                            | CUSIP: 23804LAC7<br>LEI: 549300F6JNO0KRPO1K63 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $4962500.00   | 0.39%             | 2029-12-01      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Chicago Board of Trade                | CBOT 5 Year US Treasury Note 2025-12-31  | CUSIP: N/A<br>LEI: 549300EX04Q2QBFQTQ27       | Short            | DCO              | CORP              | US        |      -400 | NS      | $-52325.20    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Ormat Technologies Inc.               | Ormat Technologies, Inc.                 | CUSIP: 686688AB8<br>LEI: 5493000TSHHWY24VHM09 | Long             | DBT              | CORP              | US        |   8000000 | PA      | $9658000.00   | 0.77%             | 2027-07-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Granite Construction Inc              | Granite Construction, Inc.               | CUSIP: 387328107<br>LEI: 549300OM4BWMCIXVCZ39 | Short            | EC               | CORP              | US        |   -160918 | NS      | $-17644658.70 | -1.40%            |  |  |  | No            |                  1 | On Loan: No      |
| B2Gold Corp.                          | B2Gold Corp.                             | CUSIP: 11777QAC4<br>LEI: 549300F7OK456M5NLM05 | Long             | DBT              | CORP              | CA        |   6500000 | PA      | $10983375.00  | 0.87%             | 2030-02-01      | Fixed         | 2.75%                 | Yes           |                  2 | On Loan: No      |
| Veeco Instruments Inc.                | Veeco Instruments Inc 2.875 06/01/29     | CUSIP: 922417AJ9<br>LEI: 5493004201F72ADDZW04 | Long             | DBT              | CORP              | US        |   7500000 | PA      | $9618750.00   | 0.76%             | 2029-06-01      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| Fastly Inc.                           | Fastly, Inc.                             | CUSIP: 31188V100<br>LEI: 549300E2FZC83FJ3H565 | Short            | EC               | CORP              | US        |    -81341 | NS      | $-695465.55   | -0.06%            |  |  |  | No            |                  1 | On Loan: No      |
| Fastly Inc.                           | Fastly, Inc.                             | CUSIP: 31188VAC4<br>LEI: 549300E2FZC83FJ3H565 | Long             | DBT              | CORP              | US        |   6500000 | PA      | $6906395.21   | 0.55%             | 2028-06-01      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| Super Micro Computer Inc.             | Super Micro Computer, Inc.               | CUSIP: 86800U302<br>LEI: 54930022CZO1N2UGVW07 | Short            | EC               | CORP              | US        |   -105100 | NS      | $-5038494.00  | -0.40%            |  |  |  | No            |                  1 | On Loan: No      |
| Green Plains Inc.                     | Green Plains, Inc.                       | CUSIP: 393222104<br>LEI: VJ5WLTHARBSDR14KIZ98 | Short            | EC               | CORP              | US        |    -34600 | NS      | $-304134.00   | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| Enovis Corporation                    | Enovis Corp.                             | CUSIP: 194014502<br>LEI: 635400OP2DYYYMOIYL17 | Short            | EC               | CORP              | US        |    -25332 | NS      | $-768572.88   | -0.06%            |  |  |  | No            |                  1 | On Loan: No      |
| Vertex Inc                            | Vertex, Inc.                             | CUSIP: 92538JAB2<br>LEI: 549300QMYW171MP1PL50 | Long             | DBT              | CORP              | US        |   7020000 | PA      | $7160400.00   | 0.57%             | 2029-05-01      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| Astronics Corp.                       | Astronics Corp.                          | CUSIP: 046433AE8<br>LEI: 549300NNXCF8H4MSMK17 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $10500000.00  | 0.83%             | 2031-01-15      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| LCI Industries                        | LCI Industries                           | CUSIP: 50189K103<br>LEI: 549300E1B98YNJ1WIQ04 | Short            | EC               | CORP              | US        |    -29819 | NS      | $-2777639.85  | -0.22%            |  |  |  | No            |                  1 | On Loan: No      |
| Box Inc.                              | Box, Inc.                                | CUSIP: 10316TAB0<br>LEI: 549300KQUCPD8687YS68 | Long             | DBT              | CORP              | US        |   3900000 | PA      | $4875000.00   | 0.39%             | 2026-01-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Fluence Energy Inc                    | Fluence Energy, Inc.                     | CUSIP: 34379VAA1<br>LEI: 25490043LHZ97BT5PP29 | Long             | DBT              | CORP              | US        |   8000000 | PA      | $6780000.00   | 0.54%             | 2030-06-15      | Fixed         | 2.25%                 | Yes           |                  2 | On Loan: No      |
| WisdomTree, Inc.                      | WisdomTree Inc                           | CUSIP: 97717PAH7<br>LEI: 549300WIU8IS7UFO7871 | Long             | DBT              | CORP              | US        |   9254000 | PA      | $12141248.00  | 0.96%             | 2029-08-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Tempus AI Inc.                        | Tempus AI, Inc.                          | CUSIP: 88023B103<br>LEI: N/A                  | Short            | EC               | CORP              | US        |    -30200 | NS      | $-2437442.00  | -0.19%            |  |  |  | No            |                  1 | On Loan: No      |
| WisdomTree, Inc.                      | WisdomTree, Inc.                         | CUSIP: 97717PAJ3<br>LEI: 549300WIU8IS7UFO7871 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1064158.46   | 0.08%             | 2030-08-15      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| Penguin Solutions Inc                 | Penguin Solutions, Inc.                  | CUSIP: 706915105<br>LEI: 529900RDGHQY8XKXPN14 | Short            | EC               | CORP              | US        |   -505480 | NS      | $-13284014.40 | -1.05%            |  |  |  | No            |                  1 | On Loan: No      |
| First American Funds Inc.             | First American Treasury Obligations Fund | CUSIP: 31846V328<br>LEI: 549300J5J5SJCZ9IA369 | Long             | STIV             | RF                | US        |  59848899 | PA      | $59848899.04  | 4.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Varonis Systems Inc                   | Varonis Systems, Inc.                    | CUSIP: 922280AD4<br>LEI: 549300SHIVNRRH7STS26 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $10805000.00  | 0.86%             | 2029-09-15      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| Gamestop Corp                         | GameStop Corp.                           | CUSIP: 36467WAF6<br>LEI: 549300505KLOET039L77 | Long             | DBT              | CORP              | US        |   8000000 | PA      | $9156000.00   | 0.73%             | 2032-06-15      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| AMC Networks Inc                      | AMC Networks, Inc.                       | CUSIP: 00164V103<br>LEI: 549300VGG9K75226LR46 | Short            | EC               | CORP              | US        |   -289000 | NS      | $-2381360.00  | -0.19%            |  |  |  | No            |                  1 | On Loan: No      |
| Xometry Inc                           | Xometry, Inc.                            | CUSIP: 98423FAC3<br>LEI: 5493006JFRGU7YRRXE44 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $7025000.00   | 0.56%             | 2030-06-15      | Fixed         | 0.75%                 | Yes           |                  2 | On Loan: No      |
| Repligen Corporation                  | Repligen Corp.                           | CUSIP: 759916AD1<br>LEI: 54930006QJ0T5AUO1E71 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $5040000.00   | 0.40%             | 2028-12-15      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| Applied Optoelectronics Inc           | Applied Optoelectronics Inc.             | CUSIP: 03823UAE2<br>LEI: 529900I8U6Q5SYDNLT48 | Long             | DBT              | CORP              | US        |   9000000 | PA      | $9054649.71   | 0.72%             | 2030-01-15      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| Tempus AI Inc.                        | Tempus AI, Inc.                          | CUSIP: 88023BAD5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3500000 | PA      | $4401250.00   | 0.35%             | 2030-07-15      | Fixed         | 0.75%                 | Yes           |                  2 | On Loan: No      |
| Semtech Corporation                   | Semtech Corporation                      | CUSIP: 816850101<br>LEI: 549300J7WUY317SW6O61 | Short            | EC               | CORP              | US        |   -191530 | NS      | $-13684818.50 | -1.09%            |  |  |  | No            |                  1 | On Loan: No      |
| AMC Networks Inc                      | AMC Networks Inc                         | CUSIP: 00164VAJ2<br>LEI: 549300VGG9K75226LR46 | Long             | DBT              | CORP              | US        |   5500000 | PA      | $5266250.00   | 0.42%             | 2029-02-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| ON Semiconductor Corp.                | ON Semiconductor Corp.                   | CUSIP: 682189AU9<br>LEI: ZV20P4CNJVT8V1ZGJ064 | Long             | DBT              | CORP              | US        |  12168000 | PA      | $11257481.94  | 0.89%             | 2029-03-01      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| Lemaitre Vascular Inc.                | LeMaitre Vascular, Inc.                  | CUSIP: 525558201<br>LEI: 549300FZUBUB7MHY8R17 | Short            | EC               | CORP              | US        |    -58584 | NS      | $-5126685.84  | -0.41%            |  |  |  | No            |                  1 | On Loan: No      |
| Wayfair Inc                           | Wayfair, Inc.                            | CUSIP: 94419L101<br>LEI: 54930027N9ZAVYFDHK53 | Short            | EC               | CORP              | US        |    -95900 | NS      | $-8566747.00  | -0.68%            |  |  |  | No            |                  1 | On Loan: No      |
| Vishay Intertechnology, Inc.          | Vishay Intertechnology Inc               | CUSIP: 928298AR9<br>LEI: 5493009O8F3QQJTCQR75 | Long             | DBT              | CORP              | US        |  11000000 | PA      | $10030261.23  | 0.80%             | 2030-09-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| Patrick Industries Inc.               | Patrick Industries, Inc.                 | CUSIP: 703343103<br>LEI: 549300FZ5ZTCCJ3Z5W14 | Short            | EC               | CORP              | US        |   -137700 | NS      | $-14242311.00 | -1.13%            |  |  |  | No            |                  1 | On Loan: No      |
| Coinbase Global Inc                   | Coinbase Global Inc                      | CUSIP: 19260QAJ6<br>LEI: 5493004G3J2SC154DU06 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1107000.00   | 0.09%             | 2032-10-01      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| IMAX Corporation                      | IMAX Corp.                               | CUSIP: 45245E109<br>LEI: 5493002KS2T1Q0X7VZ21 | Short            | EC               | CORP              | CA        |    -83765 | NS      | $-2743303.75  | -0.22%            |  |  |  | No            |                  1 | On Loan: No      |
| EZCORP Inc.                           | EZCORP, Inc.                             | CUSIP: 302301106<br>LEI: 5493003K6PG3ZQ7TUQ63 | Short            | EC               | CORP              | US        |  -1042248 | NS      | $-19844401.92 | -1.58%            |  |  |  | No            |                  1 | On Loan: No      |
| Pitney Bowes Inc.                     | Pitney Bowes Inc                         | CUSIP: 724479AR1<br>LEI: 549300N2O26NW4ST6W55 | Long             | DBT              | CORP              | US        |   6000000 | PA      | $6249000.00   | 0.50%             | 2030-08-15      | Fixed         | 1.50%                 | Yes           |                  2 | On Loan: No      |
| BlackSky Technology Inc               | BlackSky Technology, Inc.                | CUSIP: 09263B207<br>LEI: N/A                  | Short            | EC               | CORP              | US        |   -126500 | NS      | $-2548975.00  | -0.20%            |  |  |  | No            |                  1 | On Loan: No      |
| Etsy Inc                              | Etsy, Inc.                               | CUSIP: 29786AAP1<br>LEI: 54930089Q7XT501AEA40 | Long             | DBT              | CORP              | US        |   5500000 | PA      | $6008750.00   | 0.48%             | 2030-06-15      | Fixed         | 1.00%                 | Yes           |                  2 | On Loan: No      |
| Pagerduty Inc                         | PagerDuty, Inc.                          | CUSIP: 69553P100<br>LEI: 549300U1SB749EDAGH21 | Short            | EC               | CORP              | US        |    -66692 | NS      | $-1101751.84  | -0.09%            |  |  |  | No            |                  1 | On Loan: No      |
| LCI Industries                        | LCI Industries                           | CUSIP: 501812AC5<br>LEI: 549300E1B98YNJ1WIQ04 | Long             | DBT              | CORP              | US        |   5500000 | PA      | $5643000.00   | 0.45%             | 2030-03-01      | Fixed         | 3.00%                 | Yes           |                  2 | On Loan: No      |
| McEwen Inc.                           | McEwen Mining, Inc.                      | CUSIP: 58039P305<br>LEI: 5493000FX50GEWAF3U70 | Short            | EC               | CORP              | US        |   -439798 | NS      | $-7520545.80  | -0.60%            |  |  |  | No            |                  1 | On Loan: No      |
| Inotiv Inc.                           | Inotiv, Inc.                             | CUSIP: 45783QAB6<br>LEI: 549300FH5Z13X0Q5SK81 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $367500.00    | 0.03%             | 2027-10-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Terawulf Inc                          | TERAWULF INC                             | CUSIP: 88080TAC8<br>LEI: 254900CVMW1SX2T78A64 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $5975000.00   | 0.47%             | 2031-09-01      | Fixed         | 1.00%                 | Yes           |                  2 | On Loan: No      |
| Euronet Worldwide, Inc.               | Euronet Worldwide, Inc.                  | CUSIP: 298736109<br>LEI: YG3575C4DSHJPA5KET68 | Short            | EC               | CORP              | US        |    -23500 | NS      | $-2063535.00  | -0.16%            |  |  |  | No            |                  1 | On Loan: No      |
| Rocket Lab Corp.                      | Rocket Lab Corp                          | CUSIP: 773121108<br>LEI: N/A                  | Short            | EC               | CORP              | US        |  -1098700 | NS      | $-52638717.00 | -4.18%            |  |  |  | No            |                  1 | On Loan: No      |
| Cracker Barrel Old Country Store Inc. | Cracker Barrel Old Country Store, Inc.   | CUSIP: 22410J106<br>LEI: 8P4PHQIUWPIECBFBW745 | Short            | EC               | CORP              | US        |    -71100 | NS      | $-3132666.00  | -0.25%            |  |  |  | No            |                  1 | On Loan: No      |
| Upwork Inc                            | Upwork, Inc.                             | CUSIP: 91688FAB0<br>LEI: 5493004QJ6WWBXVE2S70 | Long             | DBT              | CORP              | US        |   8640000 | PA      | $8386544.91   | 0.67%             | 2026-08-15      | Fixed         | 0.25%                 | No            |                  2 | On Loan: No      |
| Lemaitre Vascular Inc.                | LeMaitre Vascular, Inc.                  | CUSIP: 525558AA0<br>LEI: 549300FZUBUB7MHY8R17 | Long             | DBT              | CORP              | US        |  11750000 | PA      | $12020250.00  | 0.95%             | 2030-02-01      | Fixed         | 2.50%                 | Yes           |                  2 | On Loan: No      |
| Winnebago Industries Inc.             | Winnebago Industries, Inc.               | CUSIP: 974637100<br>LEI: 549300B7OYKYJLTE3G11 | Short            | EC               | CORP              | US        |    -37800 | NS      | $-1264032.00  | -0.10%            |  |  |  | No            |                  1 | On Loan: No      |
| Chefs Warehouse Inc.                  | Chefs' Warehouse, Inc./The               | CUSIP: 163086AE1<br>LEI: 549300JYEDC8C547E980 | Long             | DBT              | CORP              | US        |   8000000 | PA      | $11584000.00  | 0.92%             | 2028-12-15      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| Exact Sciences Corporation            | Exact Sciences Corp                      | CUSIP: 30063PAB1<br>LEI: 549300VM3X1FYD4N9Z14 | Long             | DBT              | CORP              | US        |   8000000 | PA      | $7696000.00   | 0.61%             | 2027-03-15      | Fixed         | 0.38%                 | No            |                  2 | On Loan: No      |
| Granite Construction Inc              | Granite Construction. Inc.               | CUSIP: 387328AF4<br>LEI: 549300OM4BWMCIXVCZ39 | Long             | DBT              | CORP              | US        |  15000000 | PA      | $23017500.00  | 1.83%             | 2030-06-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Accuray Inc.                          | Accuray, Inc.                            | CUSIP: 004397105<br>LEI: 549300G28LY4TZKZJG51 | Short            | EC               | CORP              | US        |    -43489 | NS      | $-72626.63    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Century Aluminum Company              | Century Aluminum Co.                     | CUSIP: 156431108<br>LEI: 549300U5ODNGEYWKSW73 | Short            | EC               | CORP              | US        |   -202297 | NS      | $-5939439.92  | -0.47%            |  |  |  | No            |                  1 | On Loan: No      |
| Itron, Inc.                           | Itron, Inc.                              | CUSIP: 465741106<br>LEI: 24F6LSZD18II6ICG6S41 | Short            | EC               | CORP              | US        |    -65083 | NS      | $-8106738.48  | -0.64%            |  |  |  | No            |                  1 | On Loan: No      |
| Global Payments Inc                   | Global Payments, Inc.                    | CUSIP: 37940X102<br>LEI: 549300NOMHGVQBX6S778 | Short            | EC               | CORP              | US        |    -28200 | NS      | $-2342856.00  | -0.19%            |  |  |  | No            |                  1 | On Loan: No      |
| Global Payments Inc                   | Global Payments Inc.                     | CUSIP: 37940XAU6<br>LEI: 549300NOMHGVQBX6S778 | Long             | DBT              | CORP              | US        |   9468000 | PA      | $8689302.83   | 0.69%             | 2031-03-01      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| Commvault Systems Inc.                | Commvault Systems, Inc.                  | CUSIP: 204166AA0<br>LEI: 65T5VRP62VXG39YFML83 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $5172500.00   | 0.41%             | 2030-09-15      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Repligen Corporation                  | Repligen Corp.                           | CUSIP: 759916109<br>LEI: 54930006QJ0T5AUO1E71 | Short            | EC               | CORP              | US        |    -10826 | NS      | $-1447111.42  | -0.11%            |  |  |  | No            |                  1 | On Loan: No      |
| Alkami Technology Inc.                | Alkami Technology Inc.                   | CUSIP: 01644JAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   6873000 | PA      | $7359264.75   | 0.58%             | 2030-03-15      | Fixed         | 1.50%                 | Yes           |                  2 | On Loan: No      |
| Gamestop Corp                         | GameStop Corp.                           | CUSIP: 36467W109<br>LEI: 549300505KLOET039L77 | Short            | EC               | CORP              | US        |   -263500 | NS      | $-7188280.00  | -0.57%            |  |  |  | No            |                  1 | On Loan: No      |
| Applied Optoelectronics Inc           | Applied Optoelectronics, Inc.            | CUSIP: 03823U102<br>LEI: 529900I8U6Q5SYDNLT48 | Short            | EC               | CORP              | US        |   -130500 | NS      | $-3383865.00  | -0.27%            |  |  |  | No            |                  1 | On Loan: No      |
| Astronics Corp.                       | Astronics Corp.                          | CUSIP: 046433AC2<br>LEI: 549300NNXCF8H4MSMK17 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $2192000.00   | 0.17%             | 2030-03-15      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| OSI System Inc.                       | OSI Systems, Inc.                        | CUSIP: 671044105<br>LEI: DDX3MPX1Y8YD30050X33 | Short            | EC               | CORP              | US        |    -48000 | NS      | $-11963520.00 | -0.95%            |  |  |  | No            |                  1 | On Loan: No      |
| Eos Energy Enterprises Inc.           | Eos Energy Enterprises, Inc.             | CUSIP: 29415CAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4050000 | PA      | $9624825.00   | 0.76%             | 2030-06-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Merit Medical Systems Inc.            | Merit Medical Systems Inc                | CUSIP: 589889AA2<br>LEI: 549300OYTY138SP2CE83 | Long             | DBT              | CORP              | US        |  15000000 | PA      | $17467500.00  | 1.39%             | 2029-02-01      | Fixed         | 3.00%                 | Yes           |                  2 | On Loan: No      |
| Fluor Corporation                     | Fluor Corp.                              | CUSIP: 343412102<br>LEI: CQ7WZ4NOFWT7FAE6Q943 | Short            | EC               | CORP              | US        |   -196722 | NS      | $-8276094.54  | -0.66%            |  |  |  | No            |                  1 | On Loan: No      |
| ANI Pharmaceuticals Inc.              | ANI Pharmaceuticals, Inc.                | CUSIP: 00182CAC7<br>LEI: 5493000T6CXTND40YH31 | Long             | DBT              | CORP              | US        |  11473000 | PA      | $16156271.37  | 1.28%             | 2029-09-01      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| Cipher Mining Inc                     | Cipher Mining, Inc.                      | CUSIP: 17253JAB2<br>LEI: 254900QABG5HCQZ28A17 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1103000.00   | 0.09%             | 2031-10-01      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Box Inc.                              | Box, Inc.                                | CUSIP: 10316T104<br>LEI: 549300KQUCPD8687YS68 | Short            | EC               | CORP              | US        |   -217449 | NS      | $-7017079.23  | -0.56%            |  |  |  | No            |                  1 | On Loan: No      |
| CSG Systems International Inc.        | CSG Systems International, Inc.          | CUSIP: 126349109<br>LEI: 549300D7FJZUOHHXUA81 | Short            | EC               | CORP              | US        |    -56200 | NS      | $-3618156.00  | -0.29%            |  |  |  | No            |                  1 | On Loan: No      |
| Akamai Technologies, Inc.             | Akamai Technologies, Inc.                | CUSIP: 00971T101<br>LEI: OC1LZNN2LF5WTJ5RIL89 | Short            | EC               | CORP              | US        |    -78100 | NS      | $-5916856.00  | -0.47%            |  |  |  | No            |                  1 | On Loan: No      |
| Northern Oil And Gas, Inc.            | Northern Oil and Gas, Inc.               | CUSIP: 665531AJ8<br>LEI: OKFF0PIZDDMNH4UCYE51 | Long             | DBT              | CORP              | US        |   7500000 | PA      | $7539375.00   | 0.60%             | 2029-04-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| Box Inc.                              | Box, Inc.                                | CUSIP: 10316TAD6<br>LEI: 549300KQUCPD8687YS68 | Long             | DBT              | CORP              | US        |   6500000 | PA      | $6548750.00   | 0.52%             | 2029-09-15      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| Repay Holdings Corporation            | Repay Holdings Corp.                     | CUSIP: 76029LAC4<br>LEI: 2549006EJ42T73ZKUI98 | Long             | DBT              | CORP              | US        |   9000000 | PA      | $7965000.00   | 0.63%             | 2029-07-15      | Fixed         | 2.88%                 | Yes           |                  2 | On Loan: No      |
| Gossamer Bio Inc                      | Gossamer Bio, Inc.                       | CUSIP: 38341PAA0<br>LEI: 549300ZOC0N2W6PSFR58 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1041562.50   | 0.08%             | 2027-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LivaNova PLC                          | LivaNova PLC                             | CUSIP: 53802LAB8<br>LEI: 2138001K2FX6SHK2B339 | Long             | DBT              | CORP              | GB        |   8000000 | PA      | $8619416.16   | 0.68%             | 2029-03-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Super Micro Computer Inc.             | Super Micro Computer, Inc.               | CUSIP: 86800UAE4<br>LEI: 54930022CZO1N2UGVW07 | Long             | DBT              | CORP              | US        |   7900000 | PA      | $8737400.00   | 0.69%             | 2030-06-15      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| AST SpaceMobile Inc.                  | AST SpaceMobile, Inc.                    | CUSIP: 00217DAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5000000 | PA      | $10491250.00  | 0.83%             | 2032-03-01      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| Xometry Inc                           | Xometry, Inc.                            | CUSIP: 98423F109<br>LEI: 5493006JFRGU7YRRXE44 | Short            | EC               | CORP              | US        |    -80843 | NS      | $-4403518.21  | -0.35%            |  |  |  | No            |                  1 | On Loan: No      |
| Patrick Industries Inc.               | Patrick Industries, Inc.                 | CUSIP: 703343AG8<br>LEI: 549300FZ5ZTCCJ3Z5W14 | Long             | DBT              | CORP              | US        |  10949000 | PA      | $17803074.00  | 1.41%             | 2028-12-01      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| MKS Inc.                              | MKS Instruments, Inc.                    | CUSIP: 55306N104<br>LEI: 549300KEQATBHAGVF505 | Short            | EC               | CORP              | US        |    -46800 | NS      | $-5792436.00  | -0.46%            |  |  |  | No            |                  1 | On Loan: No      |
| BlackSky Technology Inc               | BlackSky Technology, Inc.                | CUSIP: 09263BAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   7500000 | PA      | $8475000.00   | 0.67%             | 2033-08-01      | Fixed         | 8.25%                 | Yes           |                  2 | On Loan: No      |
| Evolent Health, Inc.                  | EVOLENT HEALTH INC                       | CUSIP: 30050BAJ0<br>LEI: 549300CZOCFHQ2BBTR11 | Long             | DBT              | CORP              | US        |   6500000 | PA      | $6529600.94   | 0.52%             | 2031-08-15      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| Workiva Inc                           | Workvia, Inc.                            | CUSIP: 98139AAD7<br>LEI: 529900RTOQ8GRWHY1O58 | Long             | DBT              | CORP              | US        |   6000000 | PA      | $5932500.00   | 0.47%             | 2028-08-15      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| NCL Corporation Ltd.                  | NCL Corp Ltd.                            | CUSIP: 62886HBW0<br>LEI: UNZWILHE4KMRP9K2L524 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $5068750.00   | 0.40%             | 2030-09-15      | Fixed         | 0.75%                 | Yes           |                  2 | On Loan: No      |
| Lantheus Holdings Inc                 | Lantheus Holdings, Inc.                  | CUSIP: 516544103<br>LEI: 5299005HUB5IOJGO7S39 | Short            | EC               | CORP              | US        |    -57000 | NS      | $-2923530.00  | -0.23%            |  |  |  | No            |                  1 | On Loan: No      |
| Conmed Corporation                    | CONMED Corp.                             | CUSIP: 207410101<br>LEI: Z6C0YCECH9DCU5ZIQW84 | Short            | EC               | CORP              | US        |    -10246 | NS      | $-481869.38   | -0.04%            |  |  |  | No            |                  1 | On Loan: No      |
| Pacira Biosciences Inc                | Pacira Pharmaceuticals, Inc./DE          | CUSIP: 695127100<br>LEI: 549300P56LERYBDHCF69 | Short            | EC               | CORP              | US        |    -96754 | NS      | $-2493350.58  | -0.20%            |  |  |  | No            |                  1 | On Loan: No      |
| Alarm.com Holdings Inc.               | Alarm.com Holdings, Inc.                 | CUSIP: 011642105<br>LEI: 549300HIH92U1EKIHZ32 | Short            | EC               | CORP              | US        |    -42424 | NS      | $-2251865.92  | -0.18%            |  |  |  | No            |                  1 | On Loan: No      |
| Bentley Systems Incorporated          | Bentley Systems, Inc.                    | CUSIP: 08265TAD1<br>LEI: 549300WVEHPGE0Z56F71 | Long             | DBT              | CORP              | US        |  11500000 | PA      | $10856000.00  | 0.86%             | 2027-07-01      | Fixed         | 0.38%                 | No            |                  2 | On Loan: No      |
| Advanced Energy Industries, Inc.      | Advanced Energy Industries, Inc.         | CUSIP: 007973100<br>LEI: 549300756XI3QLFT2U27 | Short            | EC               | CORP              | US        |    -47409 | NS      | $-8066167.26  | -0.64%            |  |  |  | No            |                  1 | On Loan: No      |
| GoPro Inc.                            | GoPro, Inc.                              | CUSIP: 38268T103<br>LEI: 549300CQJMLT21SZFL16 | Short            | EC               | CORP              | US        |     -9000 | NS      | $-19080.00    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Penguin Solutions Inc                 | Penguin Solutions, Inc                   | CUSIP: 83205YAE4<br>LEI: 529900RDGHQY8XKXPN14 | Long             | DBT              | CORP              | US        |   7000000 | PA      | $8347500.00   | 0.66%             | 2030-08-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Enovix Corporation                    | Enovix Corp.                             | CUSIP: 293594AF4<br>LEI: 549300EC7NZGWORHYJ53 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1786875.00   | 0.14%             | 2030-09-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| Green Plains Inc.                     | Green Plains, Inc.                       | CUSIP: 393222AK0<br>LEI: VJ5WLTHARBSDR14KIZ98 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $4801594.85   | 0.38%             | 2027-03-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| Verint Systems Inc                    | Verint Systems, Inc.                     | CUSIP: 92343XAC4<br>LEI: 549300KEQJS5FRVUCO94 | Long             | DBT              | CORP              | US        |   8000000 | PA      | $7850000.00   | 0.62%             | 2026-04-15      | Fixed         | 0.25%                 | No            |                  2 | On Loan: No      |
| The Greenbrier Companies, Inc.        | Greenbrier Cos, Inc./The                 | CUSIP: 393657AM3<br>LEI: 5493001GAGGFR30BP390 | Long             | DBT              | CORP              | US        |  13795000 | PA      | $14817899.25  | 1.18%             | 2028-04-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| Cracker Barrel Old Country Store Inc. | Cracker Barrel Old Country Store, Inc.   | CUSIP: 22410JAC0<br>LEI: 8P4PHQIUWPIECBFBW745 | Long             | DBT              | CORP              | US        |   8500000 | PA      | $7862500.00   | 0.62%             | 2030-09-15      | Fixed         | 1.75%                 | Yes           |                  2 | On Loan: No      |
| Solaris Energy Infrastructure Inc     | Solaris Energy Infrastructure, Inc.      | CUSIP: 83419XAA6<br>LEI: 529900MTK3C8Y8TIIC10 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $8974527.65   | 0.71%             | 2030-05-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Confluent Inc                         | Confluent, Inc.                          | CUSIP: 20717M103<br>LEI: 254900MRZ83YWUV7SN74 | Short            | EC               | CORP              | US        |     -3000 | NS      | $-59400.00    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Lantheus Holdings Inc                 | Lantheus Holdings Inc                    | CUSIP: 516544AB9<br>LEI: 5299005HUB5IOJGO7S39 | Long             | DBT              | CORP              | US        |  10600000 | PA      | $11175050.00  | 0.89%             | 2027-12-15      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| Akamai Technologies, Inc.             | Akamai Technologies, Inc.                | CUSIP: 00971TAP6<br>LEI: OC1LZNN2LF5WTJ5RIL89 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $5030000.00   | 0.40%             | 2033-05-15      | Fixed         | 0.25%                 | Yes           |                  2 | On Loan: No      |
| Blackline Inc                         | BlackLine, Inc.                          | CUSIP: 09239BAF6<br>LEI: 529900P9N7PK9LV5EK56 | Long             | DBT              | CORP              | US        |  11000000 | PA      | $11450008.90  | 0.91%             | 2029-06-01      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| Vishay Intertechnology, Inc.          | Vishay Intertechnology, Inc.             | CUSIP: 928298108<br>LEI: 5493009O8F3QQJTCQR75 | Short            | EC               | CORP              | US        |   -161300 | NS      | $-2467890.00  | -0.20%            |  |  |  | No            |                  1 | On Loan: No      |
| WEC Energy Group Inc.                 | WEC Energy Group, Inc.                   | CUSIP: 92939UAS5<br>LEI: 549300IGLYTZUK3PVP70 | Long             | DBT              | CORP              | US        |   7500000 | PA      | $7756875.00   | 0.62%             | 2028-06-01      | Fixed         | 3.38%                 | Yes           |                  2 | On Loan: No      |
| Cloudflare Inc                        | Cloudflare, Inc.                         | CUSIP: 18915M107<br>LEI: 5493007DY18BGNLDWU14 | Short            | EC               | CORP              | US        |    -27308 | NS      | $-5860023.72  | -0.47%            |  |  |  | No            |                  1 | On Loan: No      |
| Alphatec Holdings Inc.                | Alphatec Holdings, Inc.                  | CUSIP: 02081G201<br>LEI: 549300EZE8CQ8K65FS24 | Short            | EC               | CORP              | US        |   -237832 | NS      | $-3458077.28  | -0.27%            |  |  |  | No            |                  1 | On Loan: No      |
| Alphatec Holdings Inc.                | Alphatec Holdings Inc.                   | CUSIP: 02081GAC6<br>LEI: 549300EZE8CQ8K65FS24 | Long             | DBT              | CORP              | US        |   4250000 | PA      | $5075217.49   | 0.40%             | 2030-03-15      | Fixed         | 0.75%                 | Yes           |                  2 | On Loan: No      |
| Rocket Lab Corp.                      | Rocket Lab USA Inc                       | CUSIP: 773122AA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5750000 | PA      | $53848393.90  | 4.27%             | 2029-02-01      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| Camtek Limited                        | Camtek Ltd/Israel                        | CUSIP: 13469VAC2<br>LEI: 5493000H80W07HCKGS43 | Long             | DBT              | CORP              | IL        |   6000000 | PA      | $6750000.00   | 0.54%             | 2030-09-15      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| LCI Industries                        | LCI Industries                           | CUSIP: 501812AB7<br>LEI: 549300E1B98YNJ1WIQ04 | Long             | DBT              | CORP              | US        |   7217000 | PA      | $6939145.50   | 0.55%             | 2026-05-15      | Fixed         | 1.12%                 | No            |                  2 | On Loan: No      |
| Riot Platforms Inc                    | Riot Platforms, Inc.                     | CUSIP: 767292AA3<br>LEI: 5299005LKZAJQDQZDF73 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $7658776.00   | 0.61%             | 2030-01-15      | Fixed         | 0.75%                 | Yes           |                  2 | On Loan: No      |
| A10 Networks Inc                      | A10 Networks, Inc.                       | CUSIP: 002121101<br>LEI: 549300UQD4IWUML81Q35 | Short            | EC               | CORP              | US        |   -202175 | NS      | $-3669476.25  | -0.29%            |  |  |  | No            |                  1 | On Loan: No      |
| Upwork Inc                            | Upwork, Inc.                             | CUSIP: 91688F104<br>LEI: 5493004QJ6WWBXVE2S70 | Short            | EC               | CORP              | US        |    -10000 | NS      | $-185700.00   | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Chefs Warehouse Inc.                  | Chefs' Warehouse, Inc./The               | CUSIP: 163086101<br>LEI: 549300JYEDC8C547E980 | Short            | EC               | CORP              | US        |   -138367 | NS      | $-8070947.11  | -0.64%            |  |  |  | No            |                  1 | On Loan: No      |
| Itron, Inc.                           | Itron Inc                                | CUSIP: 465741AQ9<br>LEI: 24F6LSZD18II6ICG6S41 | Long             | DBT              | CORP              | US        |   9000000 | PA      | $10336500.00  | 0.82%             | 2030-07-15      | Fixed         | 1.38%                 | No            |                  2 | On Loan: No      |
| Progress Software Corp.               | Progress Software Corp.                  | CUSIP: 743312100<br>LEI: 549300R65B3JG6972S24 | Short            | EC               | CORP              | US        |    -93688 | NS      | $-4115713.84  | -0.33%            |  |  |  | No            |                  1 | On Loan: No      |
| Spectrum Brands, Inc.                 | Spectrum Brands, Inc.                    | CUSIP: 84762LAZ8<br>LEI: 549300VU3EH2E73C1Q04 | Long             | DBT              | CORP              | US        |   9500000 | PA      | $8851625.00   | 0.70%             | 2029-06-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| Wix.com Limited                       | Wix.com Ltd.                             | CUSIP: M98068105<br>LEI: 5493008P6N29Q1AG9464 | Short            | EC               | CORP              | IL        |    -12565 | NS      | $-2231920.95  | -0.18%            |  |  |  | No            |                  1 | On Loan: No      |
| Fiverr International Ltd              | Fiverr International Ltd                 | CUSIP: 33835LAA3<br>LEI: 549300Z8OREY6THCPF67 | Long             | DBT              | CORP              | IL        |  12000000 | PA      | $12002400.00  | 0.95%             | 2025-11-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Parsons Corporation                   | Parsons Corp.                            | CUSIP: 70202L102<br>LEI: 549300ZXH0VRBSEPX752 | Short            | EC               | CORP              | US        |    -48547 | NS      | $-4025517.24  | -0.32%            |  |  |  | No            |                  1 | On Loan: No      |
| Halozyme Therapeutics Inc             | Halozyme Therapeutics, Inc.              | CUSIP: 40637HAF6<br>LEI: 529900242I3SV9AGM753 | Long             | DBT              | CORP              | US        |  14000000 | PA      | $19705000.00  | 1.56%             | 2028-08-15      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| ANI Pharmaceuticals Inc.              | ANI Pharmaceuticals, Inc.                | CUSIP: 00182C103<br>LEI: 5493000T6CXTND40YH31 | Short            | EC               | CORP              | US        |   -117000 | NS      | $-10717200.00 | -0.85%            |  |  |  | No            |                  1 | On Loan: No      |
| Euronet Worldwide, Inc.               | Euronet Worldwide, Inc.                  | CUSIP: 298736AM1<br>LEI: YG3575C4DSHJPA5KET68 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $4775000.00   | 0.38%             | 2030-10-01      | Fixed         | 0.62%                 | Yes           |                  2 | On Loan: No      |
| Alarm.com Holdings Inc.               | Alarm.com Holdings, Inc.                 | CUSIP: 011642AB1<br>LEI: 549300HIH92U1EKIHZ32 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $9890000.00   | 0.79%             | 2026-01-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Pagerduty Inc                         | PagerDuty Inc                            | CUSIP: 69553PAD2<br>LEI: 549300U1SB749EDAGH21 | Long             | DBT              | CORP              | US        |   8000000 | PA      | $7856000.00   | 0.62%             | 2028-10-15      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| Mannkind Corporation                  | Mannkind Corp.                           | CUSIP: 56400P706<br>LEI: 213800GFBCNY1ZFST722 | Short            | EC               | CORP              | US        |   -315000 | NS      | $-1691550.00  | -0.13%            |  |  |  | No            |                  1 | On Loan: No      |
| Lumentum Holdings Inc.                | Lumentum Holdings Inc                    | CUSIP: 55024UAF6<br>LEI: 549300JLWRRC38DWEF52 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $6975000.00   | 0.55%             | 2028-06-15      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| Solaris Energy Infrastructure Inc     | Solaris Energy Infrastructure, Inc.      | CUSIP: 83418M103<br>LEI: 529900MTK3C8Y8TIIC10 | Short            | EC               | CORP              | US        |   -159218 | NS      | $-6363943.46  | -0.51%            |  |  |  | No            |                  1 | On Loan: No      |
| Exact Sciences Corporation            | Exact Sciences Corp.                     | CUSIP: 30063P105<br>LEI: 549300VM3X1FYD4N9Z14 | Short            | EC               | CORP              | US        |    -13400 | NS      | $-733114.00   | -0.06%            |  |  |  | No            |                  1 | On Loan: No      |
| Cloudflare Inc                        | Cloudflare, Inc.                         | CUSIP: 18915MAE7<br>LEI: 5493007DY18BGNLDWU14 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $11380000.00  | 0.90%             | 2030-06-15      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Camtek Limited                        | Camtek Ltd.                              | CUSIP: M20791105<br>LEI: 5493000H80W07HCKGS43 | Short            | EC               | CORP              | IL        |    -40700 | NS      | $-4275535.00  | -0.34%            |  |  |  | No            |                  1 | On Loan: No      |
| Coinbase Global Inc                   | Coinbase Global Inc                      | CUSIP: 19260QAG2<br>LEI: 5493004G3J2SC154DU06 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1067787.43   | 0.08%             | 2029-10-01      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Merit Medical Systems Inc.            | Merit Medical Systems, Inc.              | CUSIP: 589889104<br>LEI: 549300OYTY138SP2CE83 | Short            | EC               | CORP              | US        |   -122102 | NS      | $-10162549.46 | -0.81%            |  |  |  | No            |                  1 | On Loan: No      |
| Mannkind Corporation                  | MannKind Corp                            | CUSIP: 56400PAQ5<br>LEI: 213800GFBCNY1ZFST722 | Long             | DBT              | CORP              | US        |   4300000 | PA      | $4906300.00   | 0.39%             | 2026-03-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| EZCORP Inc.                           | EZCORP, Inc.                             | CUSIP: 302301AG1<br>LEI: 5493003K6PG3ZQ7TUQ63 | Long             | DBT              | CORP              | US        |  14000000 | PA      | $25634000.00  | 2.03%             | 2029-12-15      | Fixed         | 3.75%                 | Yes           |                  2 | On Loan: No      |
| AST SpaceMobile Inc.                  | AST SpaceMobile, Inc.                    | CUSIP: 00217DAC4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3500000 | PA      | $3645250.00   | 0.29%             | 2032-10-15      | Fixed         | 2.38%                 | Yes           |                  2 | On Loan: No      |
| AST SpaceMobile Inc.                  | AST SpaceMobile Inc                      | CUSIP: 00217D100<br>LEI: N/A                  | Short            | EC               | CORP              | US        |   -205155 | NS      | $-10069007.40 | -0.80%            |  |  |  | No            |                  1 | On Loan: No      |
| SSR Mining Inc                        | SSR Mining, Inc.                         | CUSIP: 784730AB9<br>LEI: 549300JD2KR7AB9DYJ38 | Long             | DBT              | CORP              | CA        |   6000000 | PA      | $8467500.00   | 0.67%             | 2039-04-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Vertex Inc                            | Vertex, Inc.                             | CUSIP: 92538J106<br>LEI: 549300QMYW171MP1PL50 | Short            | EC               | CORP              | US        |   -114000 | NS      | $-2826060.00  | -0.22%            |  |  |  | No            |                  1 | On Loan: No      |
| Post Holdings Inc.                    | Post Holdings, Inc.                      | CUSIP: 737446AT1<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |   7500000 | PA      | $8433750.00   | 0.67%             | 2027-08-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Enovix Corporation                    | Enovix Corp                              | CUSIP: 293594107<br>LEI: 549300EC7NZGWORHYJ53 | Short            | EC               | CORP              | US        |    -89800 | NS      | $-895306.00   | -0.07%            |  |  |  | No            |                  1 | On Loan: No      |
| Life360 Inc.                          | Life360, Inc.                            | CUSIP: 532206109<br>LEI: 254900VO9VDOQBQAHF07 | Short            | EC               | CORP              | US        |    -77624 | NS      | $-8251431.20  | -0.65%            |  |  |  | No            |                  1 | On Loan: No      |
| Halozyme Therapeutics Inc             | Halozyme Therapeutics, Inc.              | CUSIP: 40637H109<br>LEI: 529900242I3SV9AGM753 | Short            | EC               | CORP              | US        |   -177889 | NS      | $-13046379.26 | -1.04%            |  |  |  | No            |                  1 | On Loan: No      |
| B2Gold Corp.                          | B2Gold Corp.                             | CUSIP: 11777Q209<br>LEI: 549300F7OK456M5NLM05 | Short            | EC               | CORP              | CA        |  -1593614 | NS      | $-7888389.30  | -0.63%            |  |  |  | No            |                  1 | On Loan: No      |
| Fluence Energy Inc                    | Fluence Energy Inc                       | CUSIP: 34379V103<br>LEI: 25490043LHZ97BT5PP29 | Short            | EC               | CORP              | US        |   -252000 | NS      | $-2721600.00  | -0.22%            |  |  |  | No            |                  1 | On Loan: No      |
| Parsons Corporation                   | Parsons Corp.                            | CUSIP: 70202LAD4<br>LEI: 549300ZXH0VRBSEPX752 | Long             | DBT              | CORP              | US        |   9000000 | PA      | $10282500.00  | 0.82%             | 2029-03-01      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| Bentley Systems Incorporated          | Bentley Systems, Inc.                    | CUSIP: 08265T208<br>LEI: 549300WVEHPGE0Z56F71 | Short            | EC               | CORP              | US        |    -28115 | NS      | $-1447360.20  | -0.11%            |  |  |  | No            |                  1 | On Loan: No      |
| Synaptics Incorporated                | Synaptics, Inc.                          | CUSIP: 87157DAH2<br>LEI: 549300AJ3LI4FWNRQX29 | Long             | DBT              | CORP              | US        |  11500000 | PA      | $11350500.00  | 0.90%             | 2031-12-01      | Fixed         | 0.75%                 | Yes           |                  2 | On Loan: No      |
| Wayfair Inc                           | Wayfair Inc.                             | CUSIP: 94419LAP6<br>LEI: 54930027N9ZAVYFDHK53 | Long             | DBT              | CORP              | US        |   9732000 | PA      | $14853730.98  | 1.18%             | 2027-09-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Guidewire Software Inc                | CSG Systems International Inc            | CUSIP: 40171VAB6<br>LEI: 549300WXSG0J8IXZCK32 | Long             | DBT              | CORP              | US        |   9550000 | PA      | $11130744.84  | 0.88%             | 2029-11-01      | Fixed         | 1.25%                 | Yes           |                  2 | On Loan: No      |
| SSR Mining Inc                        | SSR Mining, Inc.                         | CUSIP: 784730103<br>LEI: 549300JD2KR7AB9DYJ38 | Short            | EC               | CORP              | CA        |   -207400 | NS      | $-5064708.00  | -0.40%            |  |  |  | No            |                  1 | On Loan: No      |
| Commvault Systems Inc.                | Commvault Systems, Inc.                  | CUSIP: 204166102<br>LEI: 65T5VRP62VXG39YFML83 | Short            | EC               | CORP              | US        |    -14300 | NS      | $-2699554.00  | -0.21%            |  |  |  | No            |                  1 | On Loan: No      |
| Riot Platforms Inc                    | Riot Platforms Inc                       | CUSIP: 767292105<br>LEI: 5299005LKZAJQDQZDF73 | Short            | EC               | CORP              | US        |   -248250 | NS      | $-4724197.50  | -0.37%            |  |  |  | No            |                  1 | On Loan: No      |
| Integer Holdings Corp.                | Integer Holdings Corp.                   | CUSIP: 45826H109<br>LEI: 549300SUD2ED5XG6X569 | Short            | EC               | CORP              | US        |    -71390 | NS      | $-7376728.70  | -0.59%            |  |  |  | No            |                  1 | On Loan: No      |
| Akamai Technologies, Inc.             | Akamai Technologies, Inc.                | CUSIP: 00971TAN1<br>LEI: OC1LZNN2LF5WTJ5RIL89 | Long             | DBT              | CORP              | US        |  13790000 | PA      | $12969495.00  | 1.03%             | 2029-02-15      | Fixed         | 1.12%                 | No            |                  2 | On Loan: No      |
| Ormat Technologies Inc.               | Ormat Technologies, Inc.                 | CUSIP: 686688102<br>LEI: 5493000TSHHWY24VHM09 | Short            | EC               | CORP              | US        |    -47788 | NS      | $-4599595.00  | -0.37%            |  |  |  | No            |                  1 | On Loan: No      |
| Winnebago Industries Inc.             | Winnebago Industries Inc 3.25 01/15/30   | CUSIP: 974637AF7<br>LEI: 549300B7OYKYJLTE3G11 | Long             | DBT              | CORP              | US        |   9000000 | PA      | $8082000.00   | 0.64%             | 2030-01-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Jazz Pharmaceuticals PLC              | Jazz Pharmaceuticals PLC                 | CUSIP: G50871105<br>LEI: 635400GAUMJCLEZRRV50 | Short            | EC               | CORP              | IE        |    -22805 | NS      | $-3005699.00  | -0.24%            |  |  |  | No            |                  1 | On Loan: No      |
| Conmed Corporation                    | CONMED Corp                              | CUSIP: 207410AH4<br>LEI: Z6C0YCECH9DCU5ZIQW84 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $9540064.00   | 0.76%             | 2027-06-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| ON Semiconductor Corp.                | ON Semiconductor Corporation             | CUSIP: 682189105<br>LEI: ZV20P4CNJVT8V1ZGJ064 | Short            | EC               | CORP              | US        |    -42000 | NS      | $-2071020.00  | -0.16%            |  |  |  | No            |                  1 | On Loan: No      |
| Norwegian Cruise Line Holdings Ltd    | Norwegian Cruise Lines Holdings Ltd.     | CUSIP: G66721104<br>LEI: N/A                  | Short            | EC               | CORP              | BM        |    -90406 | NS      | $-2226699.78  | -0.18%            |  |  |  | No            |                  1 | On Loan: No      |
| Pacira Biosciences Inc                | Pacira BioSciences, Inc.                 | CUSIP: 695127AJ9<br>LEI: 549300P56LERYBDHCF69 | Long             | DBT              | CORP              | US        |   7000000 | PA      | $7129455.69   | 0.57%             | 2029-05-15      | Fixed         | 2.12%                 | No            |                  2 | On Loan: No      |
| Wix.com Limited                       | Wix.com Ltd.                             | CUSIP: 92940WAE9<br>LEI: 5493008P6N29Q1AG9464 | Long             | DBT              | CORP              | US        |   4000000 | PA      | $4378000.00   | 0.35%             | 2030-09-15      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Bandwidth Inc                         | Bandwidth, Inc.                          | CUSIP: 05988J103<br>LEI: 549300QC70JB7MUGXM66 | Short            | EC               | CORP              | US        |     -3000 | NS      | $-50010.00    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| McEwen Inc.                           | McEwen Mining, Inc.                      | CUSIP: 58039PAA5<br>LEI: 5493000FX50GEWAF3U70 | Long             | DBT              | CORP              | US        |   6000000 | PA      | $10491000.00  | 0.83%             | 2030-08-15      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| Terawulf Inc                          | Terawulf Inc                             | CUSIP: 88080T104<br>LEI: 254900CVMW1SX2T78A64 | Short            | EC               | CORP              | US        |   -296200 | NS      | $-3382604.00  | -0.27%            |  |  |  | No            |                  1 | On Loan: No      |
| Jazz Investments I LTD                | Jazz Investments I Ltd.                  | CUSIP: 472145AH4<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   2500000 | PA      | $2972500.00   | 0.24%             | 2030-09-15      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| Cipher Mining Inc                     | Cipher Mining, Inc.                      | CUSIP: 17253JAA4<br>LEI: 254900QABG5HCQZ28A17 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $8854500.00   | 0.70%             | 2030-05-15      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| Life360 Inc.                          | Life360, Inc.                            | CUSIP: 532206AB5<br>LEI: 254900VO9VDOQBQAHF07 | Long             | DBT              | CORP              | US        |   8157000 | PA      | $12026476.88  | 0.95%             | 2030-06-01      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Veeco Instruments Inc.                | Veeco Instruments, Inc.                  | CUSIP: 922417100<br>LEI: 5493004201F72ADDZW04 | Short            | EC               | CORP              | US        |   -158800 | NS      | $-4832284.00  | -0.38%            |  |  |  | No            |                  1 | On Loan: No      |
| Rapid7 Inc.                           | Rapid7, Inc.                             | CUSIP: 753422104<br>LEI: 549300GNVG5D60KEYN14 | Short            | EC               | CORP              | US        |     -8000 | NS      | $-150000.00   | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Inotiv Inc.                           | Inotiv, Inc.                             | CUSIP: 45783Q100<br>LEI: 549300FH5Z13X0Q5SK81 | Short            | EC               | CORP              | US        |     -7200 | NS      | $-10440.00    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Coinbase Global Inc                   | Coinbase Global, Inc.                    | CUSIP: 19260Q107<br>LEI: 5493004G3J2SC154DU06 | Short            | EC               | CORP              | US        |     -9118 | NS      | $-3077233.82  | -0.24%            |  |  |  | No            |                  1 | On Loan: No      |
| Nutanix Inc                           | Nutanix, Inc.                            | CUSIP: 67059N108<br>LEI: 549300X7J6E8TKVIXW09 | Short            | EC               | CORP              | US        |    -76888 | NS      | $-5719698.32  | -0.45%            |  |  |  | No            |                  1 | On Loan: No      |
| Gossamer Bio Inc                      | Gossamer Bio, Inc.                       | CUSIP: 38341P102<br>LEI: 549300ZOC0N2W6PSFR58 | Short            | EC               | CORP              | US        |    -67300 | NS      | $-176999.00   | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Semtech Corporation                   | Semtech Corp                             | CUSIP: 816850AF8<br>LEI: 549300J7WUY317SW6O61 | Long             | DBT              | CORP              | US        |   9000000 | PA      | $17752500.00  | 1.41%             | 2027-11-01      | Fixed         | 1.62%                 | No            |                  2 | On Loan: No      |
| Tetra Tech Inc                        | Tetra Tech, Inc.                         | CUSIP: 88162G103<br>LEI: 549300UJ1LP7JGJC5P32 | Short            | EC               | CORP              | US        |   -187677 | NS      | $-6264658.26  | -0.50%            |  |  |  | No            |                  1 | On Loan: No      |
| Post Holdings Inc.                    | Post Holdings, Inc.                      | CUSIP: 737446104<br>LEI: JM1I5YUAURL6DC8N1468 | Short            | EC               | CORP              | US        |    -49429 | NS      | $-5312628.92  | -0.42%            |  |  |  | No            |                  1 | On Loan: No      |
| Jazz Investments I LTD                | Jazz Investments I Ltd                   | CUSIP: 472145AF8<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   6000000 | PA      | $6391500.00   | 0.51%             | 2026-06-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Enovis Corporation                    | Enovis Corp.                             | CUSIP: 194014AB2<br>LEI: 635400OP2DYYYMOIYL17 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $4936250.00   | 0.39%             | 2028-10-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Eos Energy Enterprises Inc.           | Eos Energy Enterprises, Inc.             | CUSIP: 29415C101<br>LEI: N/A                  | Short            | EC               | CORP              | US        |   -691941 | NS      | $-7881207.99  | -0.63%            |  |  |  | No            |                  1 | On Loan: No      |
| Fiverr International Ltd              | Fiverr International Ltd.                | CUSIP: M4R82T106<br>LEI: 549300Z8OREY6THCPF67 | Short            | EC               | CORP              | IL        |     -1500 | NS      | $-36615.00    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Blackline Inc                         | Blackline, Inc.                          | CUSIP: 09239B109<br>LEI: 529900P9N7PK9LV5EK56 | Short            | EC               | CORP              | US        |    -95413 | NS      | $-5066430.30  | -0.40%            |  |  |  | No            |                  1 | On Loan: No      |
| Century Aluminum Company              | Century Aluminum Co                      | CUSIP: 156431AQ1<br>LEI: 549300U5ODNGEYWKSW73 | Long             | DBT              | CORP              | US        |   5650000 | PA      | $9232100.00   | 0.73%             | 2028-05-01      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| Astronics Corp.                       | Astronics Corp.                          | CUSIP: 046433108<br>LEI: 549300NNXCF8H4MSMK17 | Short            | EC               | CORP              | US        |   -171314 | NS      | $-7813631.54  | -0.62%            |  |  |  | No            |                  1 | On Loan: No      |
| Freshpet Inc                          | Freshpet, Inc.                           | CUSIP: 358039105<br>LEI: 549300S4ZK8ZQ6HNPN59 | Short            | EC               | CORP              | US        |    -91400 | NS      | $-5037054.00  | -0.40%            |  |  |  | No            |                  1 | On Loan: No      |
| Accuray Inc.                          | Accuray, Inc.                            | CUSIP: 004397AK1<br>LEI: 549300G28LY4TZKZJG51 | Long             | DBT              | CORP              | US        |   4250000 | PA      | $4080435.50   | 0.32%             | 2026-06-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Encore Capital Group Inc.             | Encore Capital Group, Inc.               | CUSIP: 292554102<br>LEI: 5493000UVC6H49CIH830 | Short            | EC               | CORP              | US        |    -80000 | NS      | $-3339200.00  | -0.27%            |  |  |  | No            |                  1 | On Loan: No      |
| LivaNova PLC                          | Livanova PLC                             | CUSIP: G5509L101<br>LEI: 2138001K2FX6SHK2B339 | Short            | EC               | CORP              | GB        |    -60000 | NS      | $-3142800.00  | -0.25%            |  |  |  | No            |                  1 | On Loan: No      |
| Forum Funds                           | Absolute Flexible Fund                   | CUSIP: 34985D109<br>LEI: 549300LXYEU14CHGAO13 | Long             | EC               | RF                | US        |   2818849 | NS      | $31317412.72  | 2.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Itron, Inc.                           | Itron, Inc.                              | CUSIP: 465741AN6<br>LEI: 24F6LSZD18II6ICG6S41 | Long             | DBT              | CORP              | US        |   6000000 | PA      | $6351000.00   | 0.50%             | 2026-03-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| MKS Inc.                              | MKS, Inc.                                | CUSIP: 55306NAB0<br>LEI: 549300KEQATBHAGVF505 | Long             | DBT              | CORP              | US        |  12268000 | PA      | $13464130.00  | 1.07%             | 2030-06-01      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| Alkami Technology Inc.                | Alkami Technology, Inc.                  | CUSIP: 01644J108<br>LEI: N/A                  | Short            | EC               | CORP              | US        |   -141560 | NS      | $-3516350.40  | -0.28%            |  |  |  | No            |                  1 | On Loan: No      |
| Workiva Inc                           | Workiva, Inc.                            | CUSIP: 98139A105<br>LEI: 529900RTOQ8GRWHY1O58 | Short            | EC               | CORP              | US        |    -60050 | NS      | $-5169104.00  | -0.41%            |  |  |  | No            |                  1 | On Loan: No      |
| Synaptics Incorporated                | Synaptics, Inc.                          | CUSIP: 87157D109<br>LEI: 549300AJ3LI4FWNRQX29 | Short            | EC               | CORP              | US        |    -78000 | NS      | $-5330520.00  | -0.42%            |  |  |  | No            |                  1 | On Loan: No      |
| Advanced Energy Industries, Inc.      | Advanced Energy Industries Inc           | CUSIP: 007973AE0<br>LEI: 549300756XI3QLFT2U27 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $13895000.00  | 1.10%             | 2028-09-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Nutanix Inc                           | Nutanix, Inc.                            | CUSIP: 67059NAJ7<br>LEI: 549300X7J6E8TKVIXW09 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $11282022.10  | 0.90%             | 2029-12-15      | Fixed         | 0.50%                 | Yes           |                  2 | On Loan: No      |
| Freshpet Inc                          | Freshpet Inc                             | CUSIP: 358039AB1<br>LEI: 549300S4ZK8ZQ6HNPN59 | Long             | DBT              | CORP              | US        |  11000000 | PA      | $12391500.00  | 0.98%             | 2028-04-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| CSG Systems International Inc.        | CSG Systems International Inc            | CUSIP: 126349AH2<br>LEI: 549300D7FJZUOHHXUA81 | Long             | DBT              | CORP              | US        |   8000000 | PA      | $8906000.00   | 0.71%             | 2028-09-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Rapid7 Inc.                           | Rapid7 Inc                               | CUSIP: 753422AF1<br>LEI: 549300GNVG5D60KEYN14 | Long             | DBT              | CORP              | US        |   7000000 | PA      | $6566987.42   | 0.52%             | 2027-03-15      | Fixed         | 0.25%                 | No            |                  2 | On Loan: No      |
| Evolent Health, Inc.                  | Evolent Health, Inc.                     | CUSIP: 30050B101<br>LEI: 549300CZOCFHQ2BBTR11 | Short            | EC               | CORP              | US        |   -350750 | NS      | $-2967345.00  | -0.24%            |  |  |  | No            |                  1 | On Loan: No      |
| OSI System Inc.                       | OSI Systems, Inc.                        | CUSIP: 671044AF2<br>LEI: DDX3MPX1Y8YD30050X33 | Long             | DBT              | CORP              | US        |  11976000 | PA      | $17404122.00  | 1.38%             | 2029-08-01      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| Workiva Inc                           | Workiva, Inc.                            | CUSIP: 98139AAB1<br>LEI: 529900RTOQ8GRWHY1O58 | Long             | DBT              | CORP              | US        |   6000000 | PA      | $7131171.60   | 0.57%             | 2026-08-15      | Fixed         | 1.12%                 | No            |                  2 | On Loan: No      |
| IMAX Corporation                      | IMAX Corp                                | CUSIP: 45245EAJ8<br>LEI: 5493002KS2T1Q0X7VZ21 | Long             | DBT              | CORP              | CA        |   5000000 | PA      | $5880000.00   | 0.47%             | 2026-04-01      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| WisdomTree, Inc.                      | WisdomTree, Inc.                         | CUSIP: 97717P104<br>LEI: 549300WIU8IS7UFO7871 | Short            | EC               | CORP              | US        |   -587504 | NS      | $-8166305.60  | -0.65%            |  |  |  | No            |                  1 | On Loan: No      |
| Lumentum Holdings Inc.                | Lumentum Holdings, Inc.                  | CUSIP: 55024U109<br>LEI: 549300JLWRRC38DWEF52 | Short            | EC               | CORP              | US        |    -26534 | NS      | $-4317347.14  | -0.34%            |  |  |  | No            |                  1 | On Loan: No      |
| Alphatec Holdings Inc.                | Alphatec Holdings, Inc.                  | CUSIP: 02081GAB8<br>LEI: 549300EZE8CQ8K65FS24 | Long             | DBT              | CORP              | US        |   2512000 | PA      | $2618760.00   | 0.21%             | 2026-08-01      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| Bandwidth Inc                         | Bandwidth, Inc.                          | CUSIP: 05988JAD5<br>LEI: 549300QC70JB7MUGXM66 | Long             | DBT              | CORP              | US        |   8000000 | PA      | $6832000.00   | 0.54%             | 2028-04-01      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| Varonis Systems Inc                   | Varonis Systems, Inc.                    | CUSIP: 922280102<br>LEI: 549300SHIVNRRH7STS26 | Short            | EC               | CORP              | US        |    -88401 | NS      | $-5080405.47  | -0.40%            |  |  |  | No            |                  1 | On Loan: No      |
| Pitney Bowes Inc.                     | Pitney Bowes Inc.                        | CUSIP: 724479100<br>LEI: 549300N2O26NW4ST6W55 | Short            | EC               | CORP              | US        |   -269398 | NS      | $-3073831.18  | -0.24%            |  |  |  | No            |                  1 | On Loan: No      |
| Encore Capital Group Inc.             | Encore Capital Group, Inc.               | CUSIP: 292554AP7<br>LEI: 5493000UVC6H49CIH830 | Long             | DBT              | CORP              | US        |  11250000 | PA      | $11162568.38  | 0.89%             | 2029-03-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Coinbase Global Inc                   | Coinbase Global, Inc.                    | CUSIP: 19260QAF4<br>LEI: 5493004G3J2SC154DU06 | Long             | DBT              | CORP              | US        |   2837000 | PA      | $3572492.25   | 0.28%             | 2030-04-01      | Fixed         | 0.25%                 | No            |                  2 | On Loan: No      |
| Northern Oil And Gas, Inc.            | Northern Oil and Gas, Inc.               | CUSIP: 665531307<br>LEI: OKFF0PIZDDMNH4UCYE51 | Short            | EC               | CORP              | US        |   -100662 | NS      | $-2496417.60  | -0.20%            |  |  |  | No            |                  1 | On Loan: No      |
| Etsy Inc                              | Etsy, Inc.                               | CUSIP: 29786A106<br>LEI: 54930089Q7XT501AEA40 | Short            | EC               | CORP              | US        |    -39100 | NS      | $-2595849.00  | -0.21%            |  |  |  | No            |                  1 | On Loan: No      |
| Redfin Corporation                    | Redfin Corp                              | CUSIP: 75737FAE8<br>LEI: 549300HXWD3JEMZU3O57 | Long             | DBT              | CORP              | US        |   2925000 | PA      | $2715862.50   | 0.22%             | 2027-04-01      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| Guidewire Software Inc                | Guidewire Software, Inc.                 | CUSIP: 40171V100<br>LEI: 549300WXSG0J8IXZCK32 | Short            | EC               | CORP              | US        |    -26200 | NS      | $-6022332.00  | -0.48%            |  |  |  | No            |                  1 | On Loan: No      |
| Integer Holdings Corp.                | Integer Holdings Corp.                   | CUSIP: 45826HAC3<br>LEI: 549300SUD2ED5XG6X569 | Long             | DBT              | CORP              | US        |  20000000 | PA      | $19480000.00  | 1.55%             | 2030-03-15      | Fixed         | 1.88%                 | Yes           |                  2 | On Loan: No      |
| GoPro Inc.                            | GoPro, Inc.                              | CUSIP: 38268TAD5<br>LEI: 549300CQJMLT21SZFL16 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $4962500.00   | 0.39%             | 2025-11-15      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| The Greenbrier Companies, Inc.        | Greenbrier Companies, Inc./The           | CUSIP: 393657101<br>LEI: 5493001GAGGFR30BP390 | Short            | EC               | CORP              | US        |   -134580 | NS      | $-6213558.60  | -0.49%            |  |  |  | No            |                  1 | On Loan: No      |
| Cipher Mining Inc                     | Cipher Mining, Inc.                      | CUSIP: 17253J106<br>LEI: 254900QABG5HCQZ28A17 | Short            | EC               | CORP              | US        |   -607575 | NS      | $-7649369.25  | -0.61%            |  |  |  | No            |                  1 | On Loan: No      |
| A10 Networks Inc                      | A10 Networks Inc.                        | CUSIP: 002121AA9<br>LEI: 549300UQD4IWUML81Q35 | Long             | DBT              | CORP              | US        |   7500000 | PA      | $7897378.65   | 0.63%             | 2030-04-01      | Fixed         | 2.75%                 | Yes           |                  2 | On Loan: No      |
| Alarm.com Holdings Inc.               | Alarm.com Holdings, Inc.                 | CUSIP: 011642AD7<br>LEI: 549300HIH92U1EKIHZ32 | Long             | DBT              | CORP              | US        |   6900000 | PA      | $6634350.00   | 0.53%             | 2029-06-01      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| Magnite Inc                           | Magnite, Inc.                            | CUSIP: 55955D100<br>LEI: 54930018FR2YX1HHSB02 | Short            | EC               | CORP              | US        |     -1800 | NS      | $-39204.00    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Fluor Corporation                     | Fluor Corp                               | CUSIP: 343412AJ1<br>LEI: CQ7WZ4NOFWT7FAE6Q943 | Long             | DBT              | CORP              | US        |  13889000 | PA      | $16514021.00  | 1.31%             | 2029-08-15      | Fixed         | 1.12%                 | No            |                  2 | On Loan: No      |
| Spectrum Brands Holdings Inc          | Spectrum Brands Holdings, Inc.           | CUSIP: 84790A105<br>LEI: 549300JM0MJETDD30O20 | Short            | EC               | CORP              | US        |    -19500 | NS      | $-1024335.00  | -0.08%            |  |  |  | No            |                  1 | On Loan: No      |
| Datadog Inc                           | Datadog, Inc.                            | CUSIP: 23804L103<br>LEI: 549300F6JNO0KRPO1K63 | Short            | EC               | CORP              | US        |    -11225 | NS      | $-1598440.00  | -0.13%            |  |  |  | No            |                  1 | On Loan: No      |
| Magnite Inc                           | Magnite, Inc.                            | CUSIP: 55955DAB6<br>LEI: 54930018FR2YX1HHSB02 | Long             | DBT              | CORP              | US        |   6500000 | PA      | $6352450.00   | 0.50%             | 2026-03-15      | Fixed         | 0.25%                 | No            |                  2 | On Loan: No      |
| Progress Software Corp.               | Progress Software Corp.                  | CUSIP: 743312AD2<br>LEI: 549300R65B3JG6972S24 | Long             | DBT              | CORP              | US        |  12000000 | PA      | $12099000.00  | 0.96%             | 2030-03-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Confluent Inc                         | Confluent, Inc.                          | CUSIP: 20717MAB9<br>LEI: 254900MRZ83YWUV7SN74 | Long             | DBT              | CORP              | US        |   9000000 | PA      | $8490212.37   | 0.67%             | 2027-01-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Gamestop Corp                         | GameStop Corp.                           | CUSIP: 36467WAD1<br>LEI: 549300505KLOET039L77 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $3411000.00   | 0.27%             | 2030-04-01      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Tetra Tech Inc                        | Tetra Tech, Inc.                         | CUSIP: 88162GAB9<br>LEI: 549300UJ1LP7JGJC5P32 | Long             | DBT              | CORP              | US        |  13939000 | PA      | $15106391.25  | 1.20%             | 2028-08-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-09-30

**Name of Applicant:** Unified Series Trust

**Signature:** Gregory Knoth

**Name of Signer:** Gregory Knoth

**Title:** SVP, Mutual Fund Controller