# EDGAR Filing Document

**Accession Number:** 0001924868
**File Stem:** 0000894189-26-004477
**Filing Date:** 2026-2
**Character Count:** 140392
**Document Hash:** 9a571f0b746e69ec148fd432edfb9553
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000894189-26-004477.hdr.sgml**: 20260224

**ACCESSION NUMBER**: 0000894189-26-004477

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260224

**DATE AS OF CHANGE**: 20260224

**PERIOD START**: 20260331

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Tidal Trust II
- **CENTRAL INDEX KEY:** 0001924868

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23793
- **FILM NUMBER:** 26670917

**BUSINESS ADDRESS:**
- **STREET 1:** 234 WEST FLORIDA STREET, SUITE 700
- **CITY:** MILWAUKEE
- **STATE:** WI
- **BUSINESS PHONE:** (844) 986-7676

**MAIL ADDRESS:**
- **STREET 1:** 234 WEST FLORIDA STREET, SUITE 700
- **CITY:** MILWAUKEE
- **STATE:** WI

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Tidal ETF Trust II
- **DATE OF NAME CHANGE:** 20220421

## Series and Classes Contracts Data

### Even Herd Long Short ETF (Series ID: S000084434)

| Class ID   | Class Name               | Ticker Symbol   |
|:---|:---|:---|
| C000248811 | Even Herd Long Short ETF | EHLS            |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **Even Herd Long Short ETF** | **Even Herd Long Short ETF** | **Even Herd Long Short ETF** |
| **Schedule of Investments** | **Schedule of Investments** | **Schedule of Investments** |
| **December 31, 2025 (Unaudited)** | **December 31, 2025 (Unaudited)** | **December 31, 2025 (Unaudited)** |
| **COMMON STOCKS - 98.2%** | **Shares** | **Value**  |
| **Aerospace & Defense - 4.7%** | **Aerospace & Defense - 4.7%** | |
| Amprius Technologies, Inc. <sup>(a)(b)</sup> | 16230 | $128055 |
| Embraer SA - ADR <sup>(b)</sup> | 8772 | 564654 |
| Howmet Aerospace, Inc. <sup>(b)</sup> | 1630 | 334182 |
| Joby Aviation, Inc. <sup>(a)</sup> | 5008 | 66105 |
| Kratos Defense & Security Solutions, Inc. <sup>(a)(b)</sup> | 4464 | 338862 |
| Mercury Systems, Inc. <sup>(a)(b)</sup> | 4365 | 318689 |
| Rocket Lab Corp. <sup>(a)(b)</sup> | 6712 | 468229 |
| RTX Corp. | 952 | 174597 |
| TAT Technologies Ltd. <sup>(a)(b)</sup> | 5068 | 226337 |
|  |  | 2619710 |
| **Agriculture - 1.7%** | **Agriculture - 1.7%** |  |
| Altria Group, Inc. <sup>(b)</sup> | 2171 | 125180 |
| British American Tobacco PLC - ADR <sup>(b)</sup> | 11556 | 654300 |
| Turning Point Brands, Inc. | 1632 | 176909 |
|  |  | 956389 |
| **Airlines - 0.4%** | **Airlines - 0.4%** |  |
| Latam Airlines Group SA - ADR <sup>(b)</sup> | 3946 | 213123 |
| **Apparel - 1.2%** | **Apparel - 1.2%** |  |
| Ralph Lauren Corp. <sup>(b)</sup> | 570 | 201558 |
| Tapestry, Inc. <sup>(b)</sup> | 3497 | 446811 |
|  |  | 648369 |
| **Auto Manufacturers - 1.0%** | **Auto Manufacturers - 1.0%** |  |
| Tesla, Inc. <sup>(a)(b)</sup> | 813 | 365622 |
| XPeng, Inc. - ADR <sup>(a)</sup> | 9493 | 192518 |
|  |  | 558140 |
| **Auto Parts & Equipment - 0.8%** | **Auto Parts & Equipment - 0.8%** |  |
| Garrett Motion, Inc. <sup>(b)</sup> | 19748 | 344207 |
| QuantumScape Corp. <sup>(a)(b)</sup> | 7340 | 76483 |
| Solid Power, Inc. <sup>(a)</sup> | 9543 | 40558 |
|  |  | 461248 |
| **Banks - 8.9%** | **Banks - 8.9%** |  |
| Bancorp, Inc. <sup>(a)(b)</sup> | 10960 | 740019 |
| Bank First Corp. <sup>(b)</sup> | 1346 | 163970 |
| Bank of New York Mellon Corp. <sup>(b)</sup> | 3523 | 408985 |
| Bankwell Financial Group, Inc. <sup>(b)</sup> | 3852 | 176499 |
| Citigroup, Inc. <sup>(b)</sup> | 2050 | 239215 |
| Coastal Financial Corp. <sup>(a)(b)</sup> | 6765 | 775201 |
| Deutsche Bank AG | 4523 | 174407 |
| Esquire Financial Holdings, Inc. <sup>(b)</sup> | 5491 | 560466 |
| Grupo Cibest SA - ADR <sup>(b)</sup> | 2618 | 166531 |
| HSBC Holdings PLC - ADR <sup>(b)</sup> | 2891 | 227435 |
| Mizuho Financial Group, Inc. - ADR <sup>(b)</sup> | 29632 | 216906 |
| NatWest Group PLC - ADR <sup>(a)(b)</sup> | 21662 | 379085 |
| Northern Trust Corp. | 1253 | 171147 |
| Third Coast Bancshares, Inc. <sup>(a)(b)</sup> | 10109 | 384243 |
| Woori Financial Group, Inc. - ADR <sup>(b)</sup> | 2830 | 166376 |
|  |  | 4950485 |
| **Biotechnology - 2.3%** | **Biotechnology - 2.3%** |  |
| Argenx SE - ADR <sup>(a)</sup> | 205 | 172395 |
| Arrowhead Pharmaceuticals, Inc. <sup>(a)</sup> | 3218 | 213643 |
| AtaiBeckley, Inc. <sup>(a)</sup> | 16110 | 65890 |
| Gilead Sciences, Inc. <sup>(b)</sup> | 1252 | 153670 |
| Incyte Corp. <sup>(a)</sup> | 1610 | 159020 |
| Insmed, Inc. <sup>(a)(b)</sup> | 1276 | 222075 |
| Olema Pharmaceuticals, Inc. <sup>(a)</sup> | 6108 | 152700 |
| Prime Medicine, Inc. <sup>(a)(b)</sup> | 50244 | 174347 |
|  |  | 1313740 |
| **Chemicals - 1.2%** | **Chemicals - 1.2%** |  |
| Hawkins, Inc. <sup>(b)</sup> | 1987 | 282273 |
| Oil-Dri Corp. of America <sup>(b)</sup> | 3078 | 150637 |
| Perimeter Solutions, Inc. <sup>(a)(b)</sup> | 9739 | 268115 |
|  |  | 701025 |
| **Coal - 1.0%** | **Coal - 1.0%** |  |
| Hallador Energy Co. <sup>(a)</sup> | 7808 | 148664 |
| Peabody Energy Corp. | 5898 | 175171 |
| Ramaco Resources, Inc. <sup>(a)(b)</sup> | 12311 | 221598 |
|  |  | 545433 |
| **Commercial Services - 1.6%** | **Commercial Services - 1.6%** |  |
| Laureate Education, Inc. <sup>(a)(b)</sup> | 6276 | 211313 |
| Lincoln Educational Services Corp. <sup>(a)(b)</sup> | 20727 | 500557 |
| NPK International, Inc. <sup>(a)</sup> | 13585 | 161933 |
|  |  | 873803 |
| **Computers - 1.5%** | **Computers - 1.5%** |  |
| Lumentum Holdings, Inc. <sup>(a)(b)</sup> | 702 | 258750 |
| Pitney Bowes, Inc. <sup>(b)</sup> | 12811 | 135412 |
| Rigetti Computing, Inc. <sup>(a)(b)</sup> | 10505 | 232686 |
| Seagate Technology Holdings PLC | 816 | 224718 |
|  |  | 851566 |
| **Distribution & Wholesale - 1.1%** | **Distribution & Wholesale - 1.1%** |  |
| OPENLANE, Inc. <sup>(a)(b)</sup> | 9911 | 295150 |
| VSE Corp. <sup>(b)</sup> | 2008 | 346922 |
|  |  | 642072 |
| **Diversified Financial Services - 2.3%** | **Diversified Financial Services - 2.3%** |  |
| Evercore, Inc. - Class A | 415 | 141204 |
| EZCORP, Inc. - Class A <sup>(a)</sup> | 8418 | 163478 |
| Futu Holdings Ltd. - ADR <sup>(a)(b)</sup> | 1140 | 187199 |
| Nasdaq, Inc. <sup>(b)</sup> | 1720 | 167064 |
| Sprott, Inc. <sup>(b)</sup> | 6222 | 609258 |
|  |  | 1268203 |
| **Electric - 7.6%** | **Electric - 7.6%** |  |
| Enlight Renewable Energy Ltd. <sup>(a)(b)</sup> | 15711 | 714222 |
| Entergy Corp. <sup>(b)</sup> | 8569 | 792033 |
| Kenon Holdings Ltd. <sup>(b)</sup> | 11416 | 756995 |
| Korea Electric Power Corp. - ADR <sup>(a)(b)</sup> | 49510 | 816915 |
| NRG Energy, Inc. <sup>(b)</sup> | 5220 | 831233 |
| Oklo, Inc. <sup>(a)(b)</sup> | 1190 | 85394 |
| Ormat Technologies, Inc. <sup>(b)</sup> | 2068 | 228452 |
|  |  | 4225244 |
| **Electrical Components & Equipment - 0.4%** | **Electrical Components & Equipment - 0.4%** |  |
| Espey Mfg. & Electronics Corp. | 4370 | 205958 |
| **Electronics - 4.5%** | **Electronics - 4.5%** |  |
| Allient, Inc. <sup>(b)</sup> | 6181 | 332229 |
| Bel Fuse, Inc. - Class A | 1101 | 167132 |
| Celestica, Inc. <sup>(a)(b)</sup> | 2226 | 658028 |
| Mirion Technologies, Inc. <sup>(a)(b)</sup> | 16933 | 396571 |
| OSI Systems, Inc. <sup>(a)(b)</sup> | 1257 | 320610 |
| Sanmina Corp. <sup>(a)</sup> | 1026 | 153972 |
| TE Connectivity PLC | 767 | 174500 |
| TTM Technologies, Inc. <sup>(a)(b)</sup> | 3315 | 228735 |
| Vicor Corp. <sup>(a)</sup> | 546 | 59841 |
|  |  | 2491618 |
| **Energy - Alternate Sources - 0.5%** | **Energy - Alternate Sources - 0.5%** |  |
| Nextpower, Inc. - Class A <sup>(a)(b)</sup> | 3084 | 268647 |
| **Engineering & Construction - 2.7%** | **Engineering & Construction - 2.7%** |  |
| Comfort Systems USA, Inc. <sup>(b)</sup> | 208 | 194124 |
| Construction Partners, Inc. - Class A <sup>(a)(b)</sup> | 2149 | 233274 |
| EMCOR Group, Inc. | 264 | 161513 |
| Grupo Aeroportuario del Centro Norte SAB de CV - ADR | 1498 | 162938 |
| IHS Holding Ltd. <sup>(a)(b)</sup> | 22583 | 168469 |
| Primoris Services Corp. <sup>(b)</sup> | 1446 | 179506 |
| Sterling Infrastructure, Inc. <sup>(a)(b)</sup> | 1346 | 412186 |
|  |  | 1512010 |
| **Entertainment - 0.5%** | **Entertainment - 0.5%** |  |
| Rush Street Interactive, Inc. - Class A <sup>(a)(b)</sup> | 15718 | 305401 |
| **Environmental Control - 0.3%** | **Environmental Control - 0.3%** |  |
| CECO Environmental Corp. <sup>(a)(b)</sup> | 2857 | 170991 |
| **Food - 0.7%** | **Food - 0.7%** |  |
| G Willi-Food International Ltd. | 7580 | 218153 |
| Seneca Foods Corp. - Class A <sup>(a)(b)</sup> | 1443 | 159639 |
|  |  | 377792 |
| **Healthcare - Products - 1.6%** | **Healthcare - Products - 1.6%** |  |
| Adaptive Biotechnologies Corp. <sup>(a)(b)</sup> | 35641 | 578810 |
| Guardant Health, Inc. <sup>(a)(b)</sup> | 3370 | 344212 |
|  |  | 923022 |
| **Healthcare - Services - 1.6%** | **Healthcare - Services - 1.6%** |  |
| MDxHealth SA <sup>(a)</sup> | 23887 | 85277 |
| Medpace Holdings, Inc. <sup>(a)</sup> | 279 | 156700 |
| Pediatrix Medical Group, Inc. <sup>(a)</sup> | 15791 | 337769 |
| Tenet Healthcare Corp. <sup>(a)(b)</sup> | 1651 | 328087 |
|  |  | 907833 |
| **Home Furnishings - 0.3%** | **Home Furnishings - 0.3%** |  |
| Somnigroup International, Inc. | 2048 | 182845 |
| **Insurance - 1.9%** | **Insurance - 1.9%** |  |
| Heritage Insurance Holdings, Inc. <sup>(a)(b)</sup> | 13213 | 386612 |
| Kingsway Financial Services, Inc. <sup>(a)(b)</sup> | 9059 | 121844 |
| Lemonade, Inc. <sup>(a)</sup> | 1663 | 118372 |
| Mercury General Corp. <sup>(b)</sup> | 4479 | 421295 |
|  |  | 1048123 |
| **Internet - 3.3%** | **Internet - 3.3%** |  |
| Alphabet, Inc. - Class A <sup>(b)</sup> | 1447 | 452911 |
| AppLovin Corp. - Class A <sup>(a)</sup> | 285 | 192039 |
| Bilibili, Inc. - ADR <sup>(a)(b)</sup> | 5663 | 139253 |
| eBay, Inc. | 1741 | 151641 |
| Opendoor Technologies, Inc. <sup>(a)(b)</sup> | 11383 | 66363 |
| OptimizeRx Corp. <sup>(a)</sup> | 6203 | 76049 |
| Robinhood Markets, Inc. - Class A <sup>(a)(b)</sup> | 3923 | 443691 |
| Shopify, Inc. - Class A <sup>(a)</sup> | 1054 | 169663 |
| Wayfair, Inc. - Class A <sup>(a)</sup> | 1698 | 170496 |
|  |  | 1862106 |
| **Investment Companies - 0.3%** | **Investment Companies - 0.3%** |  |
| Hut 8 Corp. <sup>(a)</sup> | 3367 | 154680 |
| **Iron & Steel - 1.0%** | **Iron & Steel - 1.0%** |  |
| ArcelorMittal SA | 3669 | 167196 |
| Carpenter Technology Corp. <sup>(b)</sup> | 1322 | 416219 |
|  |  | 583415 |
| **Leisure Time - 0.6%** | **Leisure Time - 0.6%** |  |
| Royal Caribbean Cruises Ltd. <sup>(b)</sup> | 1306 | 364270 |
| **Lodging - 0.3%** | **Lodging - 0.3%** |  |
| Atour Lifestyle Holdings Ltd. - ADR | 3708 | 146095 |
| **Machinery - Construction & Mining - 0.6%** | **Machinery - Construction & Mining - 0.6%** |  |
| BWX Technologies, Inc. <sup>(b)</sup> | 827 | 142939 |
| Caterpillar, Inc. | 292 | 167278 |
|  |  | 310217 |
| **Machinery - Diversified - 1.0%** | **Machinery - Diversified - 1.0%** |  |
| DXP Enterprises, Inc. <sup>(a)(b)</sup> | 1390 | 152608 |
| Power Solutions International, Inc. <sup>(a)(b)</sup> | 4072 | 232674 |
| Zurn Elkay Water Solutions Corp. | 3605 | 167597 |
|  |  | 552879 |
| **Metal Fabricate & Hardware - 1.2%** | **Metal Fabricate & Hardware - 1.2%** |  |
| Mueller Industries, Inc. <sup>(b)</sup> | 4162 | 477797 |
| Xometry, Inc. - Class A <sup>(a)</sup> | 2863 | 170263 |
|  |  | 648060 |
| **Mining - 11.1%** | **Mining - 11.1%** |  |
| Agnico Eagle Mines Ltd. <sup>(b)</sup> | 4284 | 726267 |
| Alamos Gold, Inc. - Class A <sup>(b)</sup> | 6666 | 257174 |
| Cameco Corp. <sup>(b)</sup> | 3712 | 339611 |
| Century Aluminum Co. <sup>(a)</sup> | 1606 | 62923 |
| Endeavour Silver Corp. <sup>(a)</sup> | 13903 | 130688 |
| Energy Fuels, Inc. <sup>(a)</sup> | 7303 | 106186 |
| Hudbay Minerals, Inc. <sup>(b)</sup> | 26908 | 534124 |
| Idaho Strategic Resources, Inc. <sup>(a)</sup> | 3954 | 159346 |
| IperionX Ltd. - ADR <sup>(a)</sup> | 3450 | 124838 |
| Kinross Gold Corp. <sup>(b)</sup> | 34701 | 977180 |
| Metalla Royalty & Streaming Ltd. <sup>(a)</sup> | 23132 | 179967 |
| MP Materials Corp. <sup>(a)(b)</sup> | 3807 | 192330 |
| Newmont Corp. <sup>(b)</sup> | 2374 | 237044 |
| NioCorp Developments Ltd. <sup>(a)</sup> | 9666 | 51230 |
| Pan American Silver Corp. <sup>(b)</sup> | 4364 | 226099 |
| Perpetua Resources Corp. <sup>(a)(b)</sup> | 15897 | 384866 |
| Sibanye Stillwater Ltd. - ADR <sup>(a)</sup> | 16340 | 232845 |
| Skeena Resources Ltd. <sup>(a)(b)</sup> | 35513 | 842724 |
| Standard Lithium Ltd. <sup>(a)</sup> | 41624 | 186059 |
| Taseko Mines Ltd. <sup>(a)(b)</sup> | 19185 | 108587 |
| United States Antimony Corp. <sup>(a)</sup> | 13940 | 69979 |
| Western Copper & Gold Corp. <sup>(a)</sup> | 31054 | 82914 |
|  |  | 6212981 |
| **Multi-National - 0.5%** | **Multi-National - 0.5%** |  |
| Banco Latinoamericano de Comercio Exterior SA <sup>(b)</sup> | 5852 | 260999 |
| **Oil & Gas - 1.0%** | **Oil & Gas - 1.0%** |  |
| Par Pacific Holdings, Inc. <sup>(a)(b)</sup> | 11459 | 402669 |
| Permian Basin Royalty Trust | 8885 | 150868 |
|  |  | 553537 |
| **Oil & Gas Services - 5.0%** | **Oil & Gas Services - 5.0%** |  |
| Enerflex Ltd. | 8154 | 125816 |
| Flotek Industries, Inc. <sup>(a)(b)</sup> | 38281 | 659582 |
| Geospace Technologies Corp. <sup>(a)</sup> | 6795 | 114904 |
| National Energy Services Reunited Corp. <sup>(a)</sup> | 11793 | 184678 |
| NCS Multistage Holdings, Inc. <sup>(a)</sup> | 2710 | 107018 |
| Solaris Energy Infrastructure, Inc. <sup>(b)</sup> | 21557 | 990975 |
| TechnipFMC PLC <sup>(b)</sup> | 13149 | 585919 |
|  |  | 2768892 |
| **Pharmaceuticals - 3.4%** | **Pharmaceuticals - 3.4%** |  |
| Amneal Pharmaceuticals, Inc. <sup>(a)</sup> | 14065 | 177219 |
| Cardinal Health, Inc. <sup>(b)</sup> | 3525 | 724387 |
| Elanco Animal Health, Inc. <sup>(a)</sup> | 7366 | 166693 |
| Indivior PLC <sup>(a)</sup> | 1655 | 59381 |
| Mirum Pharmaceuticals, Inc. <sup>(a)(b)</sup> | 2324 | 183573 |
| Phibro Animal Health Corp. - Class A <sup>(b)</sup> | 5693 | 212690 |
| Rhythm Pharmaceuticals, Inc. <sup>(a)(b)</sup> | 2276 | 243623 |
| Xeris Biopharma Holdings, Inc. <sup>(a)</sup> | 18783 | 147447 |
|  |  | 1915013 |
| **Real Estate - 0.4%** | **Real Estate - 0.4%** |  |
| Newmark Group, Inc. - Class A | 13041 | 226131 |
| **Retail - 0.8%** | **Retail - 0.8%** |  |
| Casey's General Stores, Inc. <sup>(b)</sup> | 512 | 282987 |
| National Vision Holdings, Inc. <sup>(a)</sup> | 5828 | 150479 |
|  |  | 433466 |
| **Semiconductors - 3.3%** | **Semiconductors - 3.3%** |  |
| AXT, Inc. <sup>(a)</sup> | 4073 | 66594 |
| Broadcom, Inc. <sup>(b)</sup> | 1192 | 412551 |
| KLA Corp. | 137 | 166466 |
| Lam Research Corp. <sup>(b)</sup> | 1364 | 233489 |
| Micron Technology, Inc. <sup>(b)</sup> | 1068 | 304818 |
| NVIDIA Corp. <sup>(b)</sup> | 2858 | 533017 |
| Ouster, Inc. <sup>(a)</sup> | 5147 | 111381 |
|  |  | 1828316 |
| **Software - 5.2%** | **Software - 5.2%** |  |
| Alignment Healthcare, Inc. <sup>(a)(b)</sup> | 9834 | 194222 |
| Claritev Corp. <sup>(a)(b)</sup> | 5261 | 224908 |
| Cloudflare, Inc. - Class A <sup>(a)(b)</sup> | 2075 | 409086 |
| GigaCloud Technology, Inc. - Class A <sup>(a)(b)</sup> | 9311 | 365736 |
| JFrog Ltd. <sup>(a)</sup> | 2644 | 165144 |
| Magic Software Enterprises Ltd. <sup>(b)</sup> | 10298 | 265173 |
| NetEase, Inc. - ADR | 1102 | 151657 |
| Oracle Corp. | 582 | 113438 |
| Palantir Technologies, Inc. - Class A <sup>(a)(b)</sup> | 2091 | 371675 |
| Red Violet, Inc. <sup>(b)</sup> | 5270 | 300127 |
| ROBLOX Corp. - Class A <sup>(a)(b)</sup> | 2534 | 205330 |
| Snowflake, Inc. - Class A <sup>(a)</sup> | 629 | 137977 |
|  |  | 2904473 |
| **Telecommunications - 4.4%** | **Telecommunications - 4.4%** |  |
| AST SpaceMobile, Inc. - Class A <sup>(a)(b)</sup> | 5631 | 408980 |
| CommScope Holding Co., Inc. <sup>(a)</sup> | 8559 | 155175 |
| Frequency Electronics, Inc. <sup>(a)(b)</sup> | 9922 | 534200 |
| Gilat Satellite Networks Ltd. <sup>(a)</sup> | 8226 | 106444 |
| InterDigital, Inc. | 467 | 148683 |
| Millicom International Cellular SA <sup>(b)</sup> | 10677 | 591933 |
| Telephone and Data Systems, Inc. <sup>(b)</sup> | 4363 | 178883 |
| VEON Ltd. - ADR <sup>(a)(b)</sup> | 3344 | 175794 |
| Vodafone Group PLC - ADR | 13165 | 173910 |
|  |  | 2474002 |
| **Transportation - 1.7%** | **Transportation - 1.7%** |  |
| C.H. Robinson Worldwide, Inc. | 1287 | 206898 |
| Euroseas Ltd. <sup>(b)</sup> | 8726 | 476440 |
| Imperial Petroleum, Inc. <sup>(a)</sup> | 27054 | 97935 |
| Ryder System, Inc. | 889 | 170146 |
|  |  | 951419 |
| **Water - 0.8%** | **Water - 0.8%** |  |
| Cia de Saneamento Basico do Estado de Sao Paulo SABESP - ADR <sup>(b)</sup> | 18526 | 441856 |
| **TOTAL COMMON STOCKS** (Cost $45,360,835) | **TOTAL COMMON STOCKS** (Cost $45,360,835) | 54815597 |
| **REAL ESTATE INVESTMENT TRUSTS - 1.7%** |  |  |
| CareTrust REIT, Inc. <sup>(b)</sup> | 4697 | 169844 |
| Industrial Logistics Properties Trust <sup>(b)</sup> | 57002 | 315791 |
| Welltower, Inc. <sup>(b)</sup> | 2517 | 467180 |
| **TOTAL REAL ESTATE INVESTMENT TRUSTS** (Cost $845,789) | **TOTAL REAL ESTATE INVESTMENT TRUSTS** (Cost $845,789) | 952815 |
| **WARRANTS - 0.0% <sup>(c)</sup>** | **Contracts** |  |
| Opendoor Technologies, Inc., Expires 11/20/2026, Exercise Price $9.00 <sup>(a)</sup> | 387 | 349 |
| Opendoor Technologies, Inc., Expires 11/20/2026, Exercise Price $13.00 <sup>(a)</sup> | 387 | 201 |
| Opendoor Technologies, Inc., Expires 11/20/2026, Exercise Price $17.00 <sup>(a)</sup> | 387 | 155 |
| **TOTAL WARRANTS** (Cost $0) | **TOTAL WARRANTS** (Cost $0) | 705 |
| **SHORT-TERM INVESTMENTS** | **SHORT-TERM INVESTMENTS** | **SHORT-TERM INVESTMENTS** |
| **MONEY MARKET FUNDS - 16.9%** | **Shares** |  |
| First American Government Obligations Fund - Class X, 3.67% <sup>(d)</sup> | 9452908 | 9452908 |
| **TOTAL MONEY MARKET FUNDS** (Cost $9,452,908) | **TOTAL MONEY MARKET FUNDS** (Cost $9,452,908) | 9452908 |
| **TOTAL INVESTMENTS - 116.8% (**Cost $55,659,532**)** | **TOTAL INVESTMENTS - 116.8% (**Cost $55,659,532**)** | 65222025 |
| Liabilities in Excess of Other Assets - (16.8)% | Liabilities in Excess of Other Assets - (16.8)% | (9367129) |
| **TOTAL NET ASSETS - 100.0%** |  | $55854896 |
| Percentages are stated as a percent of net assets. | Percentages are stated as a percent of net assets. |  |

---

ADR - American Depositary Receipt <br> PLC - Public Limited Company <br> REIT - Real Estate Investment Trust

(a) Non-income producing security.

(b) All or a portion of this security has been pledged as collateral for securities sold short. The fair value of assets committed as collateral as of December 31, 2025 is $42,020,351.

(c) Represents less than 0.05% of net assets.

(d) The rate shown represents the 7-day annualized yield as of December 31, 2025.

------

---

| | | |
|:---|:---|:---|
| **Even Herd Long Short ETF** | **Even Herd Long Short ETF** | **Even Herd Long Short ETF** |
| **Schedule of Securities Sold Short** | **Schedule of Securities Sold Short** | **Schedule of Securities Sold Short** |
| **December 31, 2025 (Unaudited)** | **December 31, 2025 (Unaudited)** | **December 31, 2025 (Unaudited)** |
| **COMMON STOCKS** - **(34.7)%** | **Shares** | **Value** |
| **Advertising - (0.2)%** | **Advertising - (0.2)%** | |
| WPP PLC - ADR | (4507) | $(101227) |
| **Airlines - (0.4)%** | **Airlines - (0.4)%** |  |
| Sun Country Airlines Holdings, Inc. | (14120) | (203187) |
| **Auto Manufacturers - (0.3)%** | **Auto Manufacturers - (0.3)%** |  |
| Ferrari NV | (472) | (174432) |
| **Auto Parts & Equipment - (0.4)%** | **Auto Parts & Equipment - (0.4)%** |  |
| Allison Transmission Holdings, Inc. | (2094) | (205003) |
| **Banks - (1.2)%** | **Banks - (1.2)%** |  |
| Merchants Bancorp | (8958) | (305109) |
| Triumph Financial, Inc. | (5920) | (370770) |
|  |  | (675879) |
| **Beverages - (0.9)%** | **Beverages - (0.9)%** |  |
| Boston Beer Co., Inc. - Class A | (831) | (162153) |
| Constellation Brands, Inc. - Class A | (1401) | (193282) |
| National Beverage Corp. | (5106) | (162830) |
|  |  | (518265) |
| **Biotechnology - (0.9)%** | **Biotechnology - (0.9)%** |  |
| Legend Biotech Corp. - ADR | (4700) | (102178) |
| Ultragenyx Pharmaceutical, Inc. | (4979) | (114517) |
| Xencor, Inc. | (8412) | (128788) |
| Zai Lab Ltd. - ADR | (8202) | (144683) |
|  |  | (490166) |
| **Building Materials - (1.1)%** | **Building Materials - (1.1)%** |  |
| Carrier Global Corp. | (2988) | (157886) |
| Knife River Corp. | (2175) | (153011) |
| Owens Corning | (1181) | (132166) |
| Tecnoglass, Inc. | (3270) | (164546) |
|  |  | (607609) |
| **Chemicals - (0.4)%** | **Chemicals - (0.4)%** |  |
| Axalta Coating Systems Ltd. | (3458) | (111728) |
| FMC Corp. | (3394) | (47075) |
| Westlake Chemical Partners LP | (3083) | (58577) |
|  |  | (217380) |
| **Commercial Services - (5.0)%** | **Commercial Services - (5.0)%** |  |
| ABM Industries, Inc. | (3948) | (167000) |
| Afya Ltd. - Class A | (11165) | (172053) |
| Alarm.com Holdings, Inc. | (2909) | (148417) |
| BrightView Holdings, Inc. | (14346) | (181764) |
| Distribution Solutions Group, Inc. | (5900) | (161601) |
| FTI Consulting, Inc. | (1004) | (171513) |
| ICF International, Inc. | (4683) | (399460) |
| MarketAxess Holdings, Inc. | (1307) | (236894) |
| Paysafe Ltd. | (30893) | (249924) |
| Sezzle, Inc. | (4796) | (304426) |
| Strategic Education, Inc. | (1788) | (143398) |
| Verisk Analytics, Inc. | (782) | (174926) |
| WillScot Holdings Corp. | (15888) | (299171) |
|  |  | (2810547) |
| **Computers - (0.9)%** | **Computers - (0.9)%** |  |
| HP, Inc. | (9818) | (218745) |
| Insight Enterprises, Inc. | (1041) | (84810) |
| KBR, Inc. | (4729) | (190106) |
|  |  | (493661) |
| **Cosmetics & Personal Care - (0.3)%** | **Cosmetics & Personal Care - (0.3)%** |  |
| Prestige Consumer Healthcare, Inc. | (2820) | (173966) |
| **Distribution & Wholesale - (0.5)%** | **Distribution & Wholesale - (0.5)%** |  |
| Copart, Inc. | (3487) | (136516) |
| Watsco, Inc. | (428) | (144215) |
|  |  | (280731) |
| **Diversified Financial Services - (0.8)%** | **Diversified Financial Services - (0.8)%** |  |
| Blue Owl Capital, Inc. - Class A | (19903) | (297351) |
| Cohen & Steers, Inc. | (2595) | (162914) |
|  |  | (460265) |
| **Electric - (0.6)%** | **Electric - (0.6)%** |  |
| PG&E Corp. | (21134) | (339623) |
| **Electrical Components & Equipment - (0.3)%** | **Electrical Components & Equipment - (0.3)%** |  |
| Novanta, Inc. | (1318) | (156829) |
| **Electronics - (0.7)%** | **Electronics - (0.7)%** |  |
| Badger Meter, Inc. | (939) | (163771) |
| CTS Corp. | (4795) | (205562) |
|  |  | (369333) |
| **Engineering & Construction - (0.2)%** | **Engineering & Construction - (0.2)%** |  |
| Exponent, Inc. | (1511) | (104954) |
| **Entertainment - (0.7)%** | **Entertainment - (0.7)%** |  |
| Caesars Entertainment, Inc. | (5488) | (128364) |
| Six Flags Entertainment Corp. | (5544) | (85045) |
| Vail Resorts, Inc. | (1457) | (193490) |
|  |  | (406899) |
| **Environmental Control - (0.3)%** | **Environmental Control - (0.3)%** |  |
| Tetra Tech, Inc. | (5166) | (173268) |
| **Food - (0.9)%** | **Food - (0.9)%** |  |
| Albertsons Cos., Inc. - Class A | (9215) | (158222) |
| Conagra Brands, Inc. | (8693) | (150476) |
| Ingredion, Inc. | (1520) | (167595) |
|  |  | (476293) |
| **Forest Products & Paper - (0.3)%** | **Forest Products & Paper - (0.3)%** |  |
| International Paper Co. | (4640) | (182770) |
| **Healthcare - Products - (1.5)%** | **Healthcare - Products - (1.5)%** |  |
| Azenta, Inc. | (4641) | (154359) |
| Baxter International, Inc. | (9161) | (175067) |
| Enovis Corp. | (5042) | (134319) |
| GE HealthCare Technologies, Inc. | (2687) | (220388) |
| UFP Technologies, Inc. | (768) | (170519) |
|  |  | (854652) |
| **Healthcare - Services - (0.9)%** | **Healthcare - Services - (0.9)%** |  |
| CorVel Corp. | (2294) | (155235) |
| Elevance Health, Inc. | (583) | (204371) |
| Surgery Partners, Inc. | (7511) | (116045) |
|  |  | (475651) |
| **Household Products & Wares - (1.1)%** | **Household Products & Wares - (1.1)%** |  |
| Clorox Co. | (1331) | (134205) |
| Spectrum Brands Holdings, Inc. | (5593) | (330435) |
| WD-40 Co. | (736) | (144918) |
|  |  | (609558) |
| **Insurance - (0.9)%** | **Insurance - (0.9)%** |  |
| F&G Annuities & Life, Inc. | (6236) | (192381) |
| RLI Corp. | (2694) | (172362) |
| Skyward Specialty Insurance Group, Inc. | (2823) | (144283) |
|  |  | (509026) |
| **Internet - (1.2)%** | **Internet - (1.2)%** |  |
| Grindr, Inc. | (12763) | (172811) |
| JD.com, Inc. - ADR | (11331) | (325199) |
| MakeMyTrip Ltd. | (2331) | (191422) |
|  |  | (689432) |
| **Investment Companies - (0.3)%** | **Investment Companies - (0.3)%** |  |
| Blackstone Secured Lending Fund | (6162) | (162245) |
| **Leisure Time - (0.6)%** | **Leisure Time - (0.6)%** |  |
| Lucky Strike Entertainment Corp. | (38109) | (322783) |
| **Machinery - Diversified - (1.7)%** | **Machinery - Diversified - (1.7)%** |  |
| Albany International Corp. - Class A | (3834) | (194384) |
| Cactus, Inc. - Class A | (8302) | (379235) |
| Esab Corp. | (1570) | (175401) |
| Ingersoll Rand, Inc. | (2206) | (174759) |
|  |  | (923779) |
| **Media - (0.6)%** | **Media - (0.6)%** |  |
| Cable One, Inc. | (1908) | (215318) |
| Liberty Global Ltd. - Class A | (12954) | (144307) |
|  |  | (359625) |
| **Miscellaneous Manufacturing - (0.6)%** | **Miscellaneous Manufacturing - (0.6)%** |  |
| Avient Corp. | (5289) | (165229) |
| Entegris, Inc. | (1969) | (165888) |
|  |  | (331117) |
| **Office - Business Equipment - (0.3)%** | **Office - Business Equipment - (0.3)%** |  |
| Zebra Technologies Corp. - Class A | (697) | (169246) |
| **Oil & Gas - (0.3)%** | **Oil & Gas - (0.3)%** |  |
| ConocoPhillips | (1707) | (159792) |
| **Oil & Gas Services - (0.3)%** | **Oil & Gas Services - (0.3)%** |  |
| SLB Ltd. | (4486) | (172173) |
| **Pharmaceuticals - (0.3)%** | **Pharmaceuticals - (0.3)%** |  |
| Amphastar Pharmaceuticals, Inc. | (6753) | (180845) |
| **Pipelines - (0.3)%** | **Pipelines - (0.3)%** |  |
| ONEOK, Inc. | (2165) | (159127) |
| **Retail - (1.2)%** | **Retail - (1.2)%** |  |
| Freshpet, Inc. | (2637) | (160672) |
| Murphy USA, Inc. | (450) | (181584) |
| PC Connection, Inc. | (2900) | (167504) |
| Starbucks Corp. | (2198) | (185094) |
|  |  | (694854) |
| **Semiconductors - (0.8)%** | **Semiconductors - (0.8)%** |  |
| GlobalFoundries, Inc. | (9845) | (343787) |
| Texas Instruments, Inc. | (639) | (110860) |
|  |  | (454647) |
| **Software - (3.4)%** | **Software - (3.4)%** |  |
| Adobe, Inc. | (421) | (147346) |
| Atlassian Corp. - Class A | (1027) | (166518) |
| CCC Intelligent Solutions Holdings, Inc. | (39403) | (313254) |
| HubSpot, Inc. | (337) | (135238) |
| Monday.com Ltd. | (882) | (130148) |
| nCino, Inc. | (6771) | (173608) |
| Nice Ltd. - ADR | (1246) | (140848) |
| Schrodinger, Inc. | (10070) | (180051) |
| Strategy, Inc. - Class A | (3286) | (499308) |
|  |  | (1886319) |
| **Telecommunications - (0.7)%** | **Telecommunications - (0.7)%** |  |
| Harmonic, Inc. | (23666) | (234057) |
| Iridium Communications, Inc. | (9928) | (172548) |
|  |  | (406605) |
| **Transportation - (0.4)%** | **Transportation - (0.4)%** |  |
| RXO, Inc. | (16898) | (213591) |
| **TOTAL COMMON STOCKS** (Proceeds $21,172,344) | **TOTAL COMMON STOCKS** (Proceeds $21,172,344) | (19357354) |
| **REAL ESTATE INVESTMENT TRUSTS** - **(1.9)%** |  |  |
| Alexandria Real Estate Equities, Inc. | (3436) | (168158) |
| Apple Hospitality REIT, Inc. | (13495) | (159916) |
| Douglas Emmett, Inc. | (14263) | (156750) |
| GEO Group, Inc. | (10377) | (167277) |
| Innovative Industrial Properties, Inc. | (4934) | (233674) |
| Mid-America Apartment Communities, Inc. | (1339) | (186001) |
| **TOTAL REAL ESTATE INVESTMENT TRUSTS** (Proceeds $1,266,597) | **TOTAL REAL ESTATE INVESTMENT TRUSTS** (Proceeds $1,266,597) | (1071776) |
| **CLOSED-END FUNDS - (0.3)%** |  |  |
| Blue Owl Capital Corp. | (13875) | (172466) |
| **TOTAL CLOSED-END FUNDS** (Proceeds $166,192) | **TOTAL CLOSED-END FUNDS** (Proceeds $166,192) | (172466) |
| **TOTAL SECURITIES SOLD SHORT - (36.9)%** (Proceeds $22,605,133) |  | $(20601596) |
| Percentages are stated as a percent of net assets. |  |  |
| ADR - American Depositary Receipt | ADR - American Depositary Receipt | ADR - American Depositary Receipt |
| PLC - Public Limited Company | PLC - Public Limited Company | PLC - Public Limited Company |
| REIT - Real Estate Investment Trust | REIT - Real Estate Investment Trust | REIT - Real Estate Investment Trust |

---

------

**Summary of Fair Value Disclosure as of December 31, 2025 (Unaudited)** 

Even Herd Long Short ETF (the "Fund") has adopted fair value accounting standards which establish a definition of fair value and set out a hierarchy for measuring fair value. These standards require additional disclosures about the various inputs and valuation techniques used to develop the measurements of fair value, a discussion of changes in valuation techniques and related inputs during the period, and expanded disclosure of valuation levels for major security types. These inputs are summarized in the three broad levels listed below. The inputs or valuation methodology used for valuing securities are not an indication of the risk associated with investing in those securities.

Level 1 - Unadjusted quoted prices in active markets for identical assets or liabilities that the Fund has the ability to access.

Level 2 - Observable inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. These inputs may include quoted prices for the identical instrument on an inactive market, prices for similar instruments, interest rates, prepayment speeds, credit risk, yield curves, default rates and similar data.

Level 3 - Unobservable inputs for the asset or liability, to the extent relevant observable inputs are not available, representing the Fund's own assumptions about the assumptions a market participant would use in valuing the asset or liability, and based on the best information available.

The following is a summary of the fair valuation hierarchy of the Fund's securities as of December 31, 2025:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **<u>Level 1</u>** | **<u>Level 2</u>** | **<u>Level 3</u>** | **<u>Total</u>** |
| **Assets:** | | | | |
| <u>Investments:</u> |  |  |  |  |
|  &nbsp;&nbsp;&nbsp;&nbsp;Common Stocks | $54815597 | $– | $– | $54815597 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Real Estate Investment Trusts | 952815 | – | – | 952815 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Warrants | 705 | – | – | 705 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Money Market Funds | 9452908 | – | – | 9452908 |
| Total Investments | $65222025 | $– | $– | $65222025 |
| **Liabilities:** |  |  |  |  |
| <u>Investments:</u> |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Common Stocks | $(19357354) | $– | $– | $(19357354) |
| &nbsp;&nbsp;&nbsp;&nbsp;Real Estate Investment Trusts | (1071776) | – | – | (1071776) |
| &nbsp;&nbsp;&nbsp;&nbsp;Closed-End Funds | (172466) | – | – | (172466) |
| Total Investments | $(20601596) | $– | $– | $(20601596) |
| Refer to the Schedule of Investments and Schedule of Securities Sold Short for further disaggregation of investment categories. | Refer to the Schedule of Investments and Schedule of Securities Sold Short for further disaggregation of investment categories. | Refer to the Schedule of Investments and Schedule of Securities Sold Short for further disaggregation of investment categories. | Refer to the Schedule of Investments and Schedule of Securities Sold Short for further disaggregation of investment categories. | Refer to the Schedule of Investments and Schedule of Securities Sold Short for further disaggregation of investment categories. |

---

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Tidal Trust II

- **b. Investment Company Act file number:** 811-23793

- **c. CIK number of Registrant:** 0001924868

- **d. LEI of Registrant:** 549300BGXECFCIZF2P89

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

  - **Street Address 1:** 234 West Florida Street

  - **City:** Milwaukee

  - **State:** WI

  - **Foreign country:** US

  - **Zip / Postal Code:** 53204

  - **Telephone number:** 844-986-7700

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

- **a. Name of Series:** Even Herd Long Short ETF

- **b. EDGAR series identifier (if any):** S000084434

- **c. LEI of Series:** 254900W4EPIN82R8C244

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

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

- **b. Date as of which information is reported:** 2025-12-31

**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:** $76558762.79

**Total Liabilities:** $20703246.83

**Net Assets:** $55855515.96

**Cash Not Reported:** $10611478.77

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000248811 | 1.81%                | -1.00%               | -0.65%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-325157.36              | $1376286.83                                |
| Month 2  | $819535.34               | $-1377016.62                               |
| Month 3  | $-601349.75              | $283476.90                                 |

**Designated Index Information**

- **Index Name:** S&P 500 Total Return Index

- **Index Identifier:** SPTR

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Bancorp Inc/The                | Bancorp Inc/The                                        | CUSIP: 05969A105<br>LEI: 894500FP2ICT1B019Y71 | Long             | EC               | CORP              | US        |     10960 | NS      | $740019.20    | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank First Corp                | Bank First Corp                                        | CUSIP: 06211J100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1346 | NS      | $163969.72    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of New York Mellon Corp/T | Bank of New York Mellon Corp/The                       | CUSIP: 064058100<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | EC               | CORP              | US        |      3523 | NS      | $408985.07    | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Bankwell Financial Group Inc   | Bankwell Financial Group Inc                           | CUSIP: 06654A103<br>LEI: 5493004NUBQXPY84NX67 | Long             | EC               | CORP              | US        |      3852 | NS      | $176498.64    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Newmont Corp                   | Newmont Corp                                           | CUSIP: 651639106<br>LEI: 549300VSP3RIX7FGDZ51 | Long             | EC               | CORP              | US        |      2374 | NS      | $237043.90    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Nextpower Inc                  | Nextpower Inc                                          | CUSIP: 65290E101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3084 | NS      | $268647.24    | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Nice Ltd                       | Nice Ltd                                               | CUSIP: 653656108<br>LEI: 254900YTY4EF5Z4W0A51 | Short            | EC               | CORP              | IL        |     -1246 | NS      | $-140847.84   | -0.25%            |  |  |  | No            |                  1 | On Loan: No      |
| NioCorp Developments Ltd       | NioCorp Developments Ltd                               | CUSIP: 654484609<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |      9666 | NS      | $51229.80     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| VSE Corp                       | VSE Corp                                               | CUSIP: 918284100<br>LEI: 549300QWJYQDH4U5XI15 | Long             | EC               | CORP              | US        |      2008 | NS      | $346922.16    | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Vodafone Group PLC             | Vodafone Group PLC                                     | CUSIP: 92857W308<br>LEI: 213800TB53ELEUKM7Q61 | Long             | EC               | CORP              | GB        |     13165 | NS      | $173909.65    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Watsco Inc                     | Watsco Inc                                             | CUSIP: 942622200<br>LEI: 549300F1Y3LN5BX5WN75 | Short            | EC               | CORP              | US        |      -428 | NS      | $-144214.60   | -0.26%            |  |  |  | No            |                  1 | On Loan: No      |
| Wayfair Inc                    | Wayfair Inc                                            | CUSIP: 94419L101<br>LEI: 54930027N9ZAVYFDHK53 | Long             | EC               | CORP              | US        |      1698 | NS      | $170496.18    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| PG&E Corp                      | PG&E Corp                                              | CUSIP: 69331C108<br>LEI: 8YQ2GSDWYZXO2EDN3511 | Short            | EC               | CORP              | US        |    -21134 | NS      | $-339623.38   | -0.61%            |  |  |  | No            |                  1 | On Loan: No      |
| Perimeter Solutions Inc        | Perimeter Solutions Inc                                | CUSIP: 71385M107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      9739 | NS      | $268114.67    | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Lucky Strike Entertainment Cor | Lucky Strike Entertainment Corp                        | CUSIP: 10258P102<br>LEI: N/A                  | Short            | EC               | CORP              | US        |    -38109 | NS      | $-322783.23   | -0.58%            |  |  |  | No            |                  1 | On Loan: No      |
| Iridium Communications Inc     | Iridium Communications Inc                             | CUSIP: 46269C102<br>LEI: 549300U620NVQ4J1CT96 | Short            | EC               | CORP              | US        |     -9928 | NS      | $-172548.64   | -0.31%            |  |  |  | No            |                  1 | On Loan: No      |
| Permian Basin Royalty Trust    | Permian Basin Royalty Trust                            | CUSIP: 714236106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      8885 | NS      | $150867.30    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Perpetua Resources Corp        | Perpetua Resources Corp                                | CUSIP: 714266103<br>LEI: 529900BQBMS383SEPY05 | Long             | EC               | CORP              | US        |     15897 | NS      | $384866.37    | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| JD.com Inc                     | JD.com Inc                                             | CUSIP: 47215P106<br>LEI: 549300HVTWB0GJZ16V92 | Short            | EC               | CORP              | CN        |    -11331 | NS      | $-325199.70   | -0.58%            |  |  |  | No            |                  1 | On Loan: No      |
| KBR Inc                        | KBR Inc                                                | CUSIP: 48242W106<br>LEI: 254900OFQDXZRKRCV808 | Short            | EC               | CORP              | US        |     -4729 | NS      | $-190105.80   | -0.34%            |  |  |  | No            |                  1 | On Loan: No      |
| Kinross Gold Corp              | Kinross Gold Corp                                      | CUSIP: 496902404<br>LEI: 254900O9KHF2A1ZXPT47 | Long             | EC               | CORP              | CA        |     34701 | NS      | $977180.16    | 1.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Kingsway Financial Services In | Kingsway Financial Services Inc                        | CUSIP: 496904202<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      9059 | NS      | $121843.55    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Latam Airlines Group SA        | Latam Airlines Group SA                                | CUSIP: 51817R205<br>LEI: 549300HX3UUDPEFTG707 | Long             | EC               | CORP              | CL        |      3946 | NS      | $213123.46    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Laureate Education Inc         | Laureate Education Inc                                 | CUSIP: 518613203<br>LEI: 5JL7TMOH5TY3IUYSUP91 | Long             | EC               | CORP              | US        |      6276 | NS      | $211312.92    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Legend Biotech Corp            | Legend Biotech Corp                                    | CUSIP: 52490G102<br>LEI: 254900EIUFZTW136H859 | Short            | EC               | CORP              | US        |     -4700 | NS      | $-102178.00   | -0.18%            |  |  |  | No            |                  1 | On Loan: No      |
| Lemonade Inc                   | Lemonade Inc                                           | CUSIP: 52567D107<br>LEI: 5493009BKR06OXXU6853 | Long             | EC               | CORP              | US        |      1663 | NS      | $118372.34    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Esquire Financial Holdings Inc | Esquire Financial Holdings Inc                         | CUSIP: 29667J101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5491 | NS      | $560466.37    | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Evercore Inc                   | Evercore Inc                                           | CUSIP: 29977A105<br>LEI: 529900P6KLPT95DW3W58 | Long             | EC               | CORP              | US        |       415 | NS      | $141203.75    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| F&G Annuities & Life Inc       | F&G Annuities & Life Inc                               | CUSIP: 30190A104<br>LEI: N/A                  | Short            | EC               | CORP              | US        |     -6236 | NS      | $-192380.60   | -0.34%            |  |  |  | No            |                  1 | On Loan: No      |
| Exponent Inc                   | Exponent Inc                                           | CUSIP: 30214U102<br>LEI: 529900NY3F5Q2NWPUZ42 | Short            | EC               | CORP              | US        |     -1511 | NS      | $-104954.06   | -0.19%            |  |  |  | No            |                  1 | On Loan: No      |
| EZCORP Inc                     | EZCORP Inc                                             | CUSIP: 302301106<br>LEI: 5493003K6PG3ZQ7TUQ63 | Long             | EC               | CORP              | US        |      8418 | NS      | $163477.56    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| FMC Corp                       | FMC Corp                                               | CUSIP: 302491303<br>LEI: CKDHZ2X64EEBQCSP7013 | Short            | EC               | CORP              | US        |     -3394 | NS      | $-47074.78    | -0.08%            |  |  |  | No            |                  1 | On Loan: No      |
| FTI Consulting Inc             | FTI Consulting Inc                                     | CUSIP: 302941109<br>LEI: 549300K17GM8EQD0FQ48 | Short            | EC               | CORP              | US        |     -1004 | NS      | $-171513.32   | -0.31%            |  |  |  | No            |                  1 | On Loan: No      |
| First American Government Obli | First American Government Obligations Fund             | CUSIP: 31846V336<br>LEI: 549300R5MYM6VZF1RM44 | Long             | STIV             | RF                | US        |   9452908 | NS      | $9452908.32   | 16.92%            |  |  |  | No            |                  1 | On Loan: No      |
| Flotek Industries Inc          | Flotek Industries Inc                                  | CUSIP: 343389409<br>LEI: 549300TF60OEK4FPPC44 | Long             | EC               | CORP              | US        |     38281 | NS      | $659581.63    | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Frequency Electronics Inc      | Frequency Electronics Inc                              | CUSIP: 358010106<br>LEI: 549300S56SO2JB5JBE31 | Long             | EC               | CORP              | US        |      9922 | NS      | $534200.48    | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Freshpet Inc                   | Freshpet Inc                                           | CUSIP: 358039105<br>LEI: 549300S4ZK8ZQ6HNPN59 | Short            | EC               | CORP              | US        |     -2637 | NS      | $-160672.41   | -0.29%            |  |  |  | No            |                  1 | On Loan: No      |
| Futu Holdings Ltd              | Futu Holdings Ltd                                      | CUSIP: 36118L106<br>LEI: 213800X4W4ZRESFPTQ37 | Long             | EC               | CORP              | HK        |      1140 | NS      | $187199.40    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Geospace Technologies Corp     | Geospace Technologies Corp                             | CUSIP: 37364X109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      6795 | NS      | $114903.45    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Gilead Sciences Inc            | Gilead Sciences Inc                                    | CUSIP: 375558103<br>LEI: 549300WTZWR07K8MNV44 | Long             | EC               | CORP              | US        |      1252 | NS      | $153670.48    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Lincoln Educational Services C | Lincoln Educational Services Corp                      | CUSIP: 533535100<br>LEI: 549300BJ55KUY6RG7L98 | Long             | EC               | CORP              | US        |     20727 | NS      | $500557.05    | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Lumentum Holdings Inc          | Lumentum Holdings Inc                                  | CUSIP: 55024U109<br>LEI: 549300JLWRRC38DWEF52 | Long             | EC               | CORP              | US        |       702 | NS      | $258750.18    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| MP Materials Corp              | MP Materials Corp                                      | CUSIP: 553368101<br>LEI: 89450063PHPS61USMT84 | Long             | EC               | CORP              | US        |      3807 | NS      | $192329.64    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Magic Software Enterprises Ltd | Magic Software Enterprises Ltd                         | CUSIP: 559166103<br>LEI: 529900PT36UHAIVEFN60 | Long             | EC               | CORP              | IL        |     10298 | NS      | $265173.50    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| MarketAxess Holdings Inc       | MarketAxess Holdings Inc                               | CUSIP: 57060D108<br>LEI: 5493002U1CA1XJOVID83 | Short            | EC               | CORP              | US        |     -1307 | NS      | $-236893.75   | -0.42%            |  |  |  | No            |                  1 | On Loan: No      |
| Medpace Holdings Inc           | Medpace Holdings Inc                                   | CUSIP: 58506Q109<br>LEI: 549300H8TYEUVTW14A54 | Long             | EC               | CORP              | US        |       279 | NS      | $156700.35    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Grindr Inc                     | Grindr Inc                                             | CUSIP: 39854F101<br>LEI: 254900J9EDQSYT0ERQ67 | Short            | EC               | CORP              | US        |    -12763 | NS      | $-172811.02   | -0.31%            |  |  |  | No            |                  1 | On Loan: No      |
| Grupo Aeroportuario del Centro | Grupo Aeroportuario del Centro Norte SAB de CV         | CUSIP: 400501102<br>LEI: 529900HUSBARAFSXJ605 | Long             | EC               | CORP              | MX        |      1498 | NS      | $162937.46    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| GEO Group Inc/The              | GEO Group Inc/The                                      | CUSIP: 36162J106<br>LEI: 54930024XOXET7NQVZ63 | Short            | EC               | CORP              | US        |    -10377 | NS      | $-167277.24   | -0.30%            |  |  |  | No            |                  1 | On Loan: No      |
| GE HealthCare Technologies Inc | GE HealthCare Technologies Inc                         | CUSIP: 36266G107<br>LEI: 549300OI9J7XOWZMUN85 | Short            | EC               | CORP              | US        |     -2687 | NS      | $-220387.74   | -0.39%            |  |  |  | No            |                  1 | On Loan: No      |
| Garrett Motion Inc             | Garrett Motion Inc                                     | CUSIP: 366505105<br>LEI: 549300LS5WT7EMBNV724 | Long             | EC               | CORP              | CH        |     19748 | NS      | $344207.64    | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| ICF International Inc          | ICF International Inc                                  | CUSIP: 44925C103<br>LEI: 5493003KYFDDC5B3WY64 | Short            | EC               | CORP              | US        |     -4683 | NS      | $-399459.90   | -0.72%            |  |  |  | No            |                  1 | On Loan: No      |
| Merchants Bancorp/IN           | Merchants Bancorp/IN                                   | CUSIP: 58844R108<br>LEI: 54930008Y0GPVLF81889 | Short            | EC               | CORP              | US        |     -8958 | NS      | $-305109.48   | -0.55%            |  |  |  | No            |                  1 | On Loan: No      |
| Mercury Systems Inc            | Mercury Systems Inc                                    | CUSIP: 589378108<br>LEI: 549300P3B84SGK7HH679 | Long             | EC               | CORP              | US        |      4365 | NS      | $318688.65    | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Mercury General Corp           | Mercury General Corp                                   | CUSIP: 589400100<br>LEI: 5493001Q9EXPCEL4W527 | Long             | EC               | CORP              | US        |      4479 | NS      | $421294.74    | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Metalla Royalty & Streaming Lt | Metalla Royalty & Streaming Ltd                        | CUSIP: 59124U605<br>LEI: 549300RPR0O774QEKV20 | Long             | EC               | CORP              | CA        |     23132 | NS      | $179966.96    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Micron Technology Inc          | Micron Technology Inc                                  | CUSIP: 595112103<br>LEI: B3DXGBC8GAIYWI2Z0172 | Long             | EC               | CORP              | US        |      1068 | NS      | $304817.88    | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Mid-America Apartment Communit | Mid-America Apartment Communities Inc                  | CUSIP: 59522J103<br>LEI: 549300FQZKFR5YNSHZ21 | Short            | EC               | CORP              | US        |     -1339 | NS      | $-186000.49   | -0.33%            |  |  |  | No            |                  1 | On Loan: No      |
| Mueller Industries Inc         | Mueller Industries Inc                                 | CUSIP: 624756102<br>LEI: 5493005IZFE4VJLLYG84 | Long             | EC               | CORP              | US        |      4162 | NS      | $477797.60    | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Murphy USA Inc                 | Murphy USA Inc                                         | CUSIP: 626755102<br>LEI: 549300Y081F8XIKQIO72 | Short            | EC               | CORP              | US        |      -450 | NS      | $-181584.00   | -0.33%            |  |  |  | No            |                  1 | On Loan: No      |
| Nasdaq Inc                     | Nasdaq Inc                                             | CUSIP: 631103108<br>LEI: 549300L8X1Q78ERXFD06 | Long             | EC               | CORP              | US        |      3130 | NS      | $304016.90    | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| National Beverage Corp         | National Beverage Corp                                 | CUSIP: 635017106<br>LEI: 549300O9MZIQJI8TGV17 | Short            | EC               | CORP              | US        |     -5106 | NS      | $-162830.34   | -0.29%            |  |  |  | No            |                  1 | On Loan: No      |
| National Vision Holdings Inc   | National Vision Holdings Inc                           | CUSIP: 63845R107<br>LEI: 549300JHURCBLI5ROA42 | Long             | EC               | CORP              | US        |      5828 | NS      | $150478.96    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| MDxHealth SA                   | MDxHealth SA                                           | CUSIP: N/A<br>LEI: 549300J3MG9F9B5FY646       | Long             | EC               | CORP              | BE        |     23887 | NS      | $85276.59     | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Idaho Strategic Resources Inc  | Idaho Strategic Resources Inc                          | CUSIP: 645827205<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3954 | NS      | $159346.20    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| IHS Holding Ltd                | IHS Holding Ltd                                        | CUSIP: N/A<br>LEI: 213800CLGMKL63VKTD94       | Long             | EC               | CORP              | GB        |     22583 | NS      | $168469.18    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Liberty Global Ltd             | Liberty Global Ltd                                     | CUSIP: N/A<br>LEI: 213800HRMKKTYH7SKA24       | Short            | EC               | CORP              | GB        |    -12954 | NS      | $-144307.56   | -0.26%            |  |  |  | No            |                  1 | On Loan: No      |
| National Energy Services Reuni | National Energy Services Reunited Corp                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |     11793 | NS      | $184678.38    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Joby Aviation Inc              | Joby Aviation Inc                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |      5008 | NS      | $66105.60     | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| JFrog Ltd                      | JFrog Ltd                                              | CUSIP: N/A<br>LEI: 2549002N8E00AY49G567       | Long             | EC               | CORP              | US        |      2644 | NS      | $165144.24    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Monday.com Ltd                 | Monday.com Ltd                                         | CUSIP: N/A<br>LEI: 984500MDAFVD86E3B328       | Short            | EC               | CORP              | IL        |      -882 | NS      | $-130147.92   | -0.23%            |  |  |  | No            |                  1 | On Loan: No      |
| MakeMyTrip Ltd                 | MakeMyTrip Ltd                                         | CUSIP: N/A<br>LEI: 529900DNT8HNJ7RYUO60       | Short            | EC               | CORP              | IN        |     -2331 | NS      | $-191421.72   | -0.34%            |  |  |  | No            |                  1 | On Loan: No      |
| Kenon Holdings Ltd/Singapore   | Kenon Holdings Ltd/Singapore                           | CUSIP: N/A<br>LEI: 254900N5LVBX92GMVN72       | Long             | EC               | CORP              | SG        |     11416 | NS      | $756994.96    | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| G Willi-Food International Ltd | G Willi-Food International Ltd                         | CUSIP: N/A<br>LEI: 254900INSTVQR1H77H48       | Long             | EC               | CORP              | IL        |      7580 | NS      | $218152.40    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Imperial Petroleum Inc         | Imperial Petroleum Inc                                 | CUSIP: N/A<br>LEI: 549300ZKLCVJXKUHBS50       | Long             | EC               | CORP              | GR        |     27054 | NS      | $97935.48     | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| ABM Industries Inc             | ABM Industries Inc                                     | CUSIP: 000957100<br>LEI: QF02R89VEIOROM77J447 | Short            | EC               | CORP              | US        |     -3948 | NS      | $-167000.40   | -0.30%            |  |  |  | No            |                  1 | On Loan: No      |
| Adaptive Biotechnologies Corp  | Adaptive Biotechnologies Corp                          | CUSIP: 00650F109<br>LEI: 549300ZTF7OT1FW66Q96 | Long             | EC               | CORP              | US        |     35641 | NS      | $578809.84    | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Adobe Inc                      | Adobe Inc                                              | CUSIP: 00724F101<br>LEI: FU4LY2G4933NH2E1CP29 | Short            | EC               | CORP              | US        |      -421 | NS      | $-147345.79   | -0.26%            |  |  |  | No            |                  1 | On Loan: No      |
| Albertsons Cos Inc             | Albertsons Cos Inc                                     | CUSIP: 013091103<br>LEI: 549300YKWOC0AOR16R51 | Short            | EC               | CORP              | US        |     -9215 | NS      | $-158221.55   | -0.28%            |  |  |  | No            |                  1 | On Loan: No      |
| Alexandria Real Estate Equitie | Alexandria Real Estate Equities Inc                    | CUSIP: 015271109<br>LEI: MGCJBT4MKTQBVLNUIS88 | Short            | EC               | CORP              | US        |     -3436 | NS      | $-168157.84   | -0.30%            |  |  |  | No            |                  1 | On Loan: No      |
| Alignment Healthcare Inc       | Alignment Healthcare Inc                               | CUSIP: 01625V104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      9834 | NS      | $194221.50    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Allient Inc                    | Allient Inc                                            | CUSIP: 019330109<br>LEI: 549300I2LHAWYGNBPM97 | Long             | EC               | CORP              | US        |      6181 | NS      | $332228.75    | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Elevance Health Inc            | Elevance Health Inc                                    | CUSIP: 036752103<br>LEI: 8MYN82XMYQH89CTMTH67 | Short            | EC               | CORP              | US        |      -583 | NS      | $-204370.65   | -0.37%            |  |  |  | No            |                  1 | On Loan: No      |
| CH Robinson Worldwide Inc      | CH Robinson Worldwide Inc                              | CUSIP: 12541W209<br>LEI: 529900WNWN5L0OVDHA79 | Long             | EC               | CORP              | US        |      1287 | NS      | $206898.12    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| CTS Corp                       | CTS Corp                                               | CUSIP: 126501105<br>LEI: 549300YV1HQLBVHOI649 | Short            | EC               | CORP              | US        |     -4795 | NS      | $-205561.65   | -0.37%            |  |  |  | No            |                  1 | On Loan: No      |
| Caesars Entertainment Inc      | Caesars Entertainment Inc                              | CUSIP: 12769G100<br>LEI: 549300FA4CTCW903Y781 | Short            | EC               | CORP              | US        |     -5488 | NS      | $-128364.32   | -0.23%            |  |  |  | No            |                  1 | On Loan: No      |
| Cameco Corp                    | Cameco Corp                                            | CUSIP: 13321L108<br>LEI: N4BHALMXL3GMZKCUON55 | Long             | EC               | CORP              | CA        |      3712 | NS      | $339610.88    | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Cardinal Health Inc            | Cardinal Health Inc                                    | CUSIP: 14149Y108<br>LEI: CCU46N3GJMF4OK4N7U60 | Long             | EC               | CORP              | US        |      3525 | NS      | $724387.50    | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| CareTrust REIT Inc             | CareTrust REIT Inc                                     | CUSIP: 14174T107<br>LEI: 5493001NVXE2B9GPLU96 | Long             | EC               | CORP              | US        |      4697 | NS      | $169843.52    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Carpenter Technology Corp      | Carpenter Technology Corp                              | CUSIP: 144285103<br>LEI: DX6I6ZD3X5WNNCDJKP85 | Long             | EC               | CORP              | US        |      1322 | NS      | $416218.48    | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Carrier Global Corp            | Carrier Global Corp                                    | CUSIP: 14448C104<br>LEI: 549300JE3W6CWY2NAN77 | Short            | EC               | CORP              | US        |     -2988 | NS      | $-157885.92   | -0.28%            |  |  |  | No            |                  1 | On Loan: No      |
| Casey's General Stores Inc     | Casey's General Stores Inc                             | CUSIP: 147528103<br>LEI: 549300CAFWSI86V66Q65 | Long             | EC               | CORP              | US        |       512 | NS      | $282987.52    | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Caterpillar Inc                | Caterpillar Inc                                        | CUSIP: 149123101<br>LEI: WRJR7GS4GTRECRRTVX92 | Long             | EC               | CORP              | US        |       292 | NS      | $167278.04    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Citigroup Inc                  | Citigroup Inc                                          | CUSIP: 172967424<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | EC               | CORP              | US        |      2050 | NS      | $239214.50    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Clorox Co/The                  | Clorox Co/The                                          | CUSIP: 189054109<br>LEI: 54930044KVSC06Z79I06 | Short            | EC               | CORP              | US        |     -1331 | NS      | $-134204.73   | -0.24%            |  |  |  | No            |                  1 | On Loan: No      |
| Cloudflare Inc                 | Cloudflare Inc                                         | CUSIP: 18915M107<br>LEI: 5493007DY18BGNLDWU14 | Long             | EC               | CORP              | US        |      2075 | NS      | $409086.25    | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Coastal Financial Corp/WA      | Coastal Financial Corp/WA                              | CUSIP: 19046P209<br>LEI: 549300XG5L36T6IU0B47 | Long             | EC               | CORP              | US        |      6765 | NS      | $775201.35    | 1.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Cohen & Steers Inc             | Cohen & Steers Inc                                     | CUSIP: 19247A100<br>LEI: 549300XXIA338A0X2K65 | Short            | EC               | CORP              | US        |     -2595 | NS      | $-162914.10   | -0.29%            |  |  |  | No            |                  1 | On Loan: No      |
| Enovis Corp                    | Enovis Corp                                            | CUSIP: 194014502<br>LEI: 635400OP2DYYYMOIYL17 | Short            | EC               | CORP              | US        |     -5042 | NS      | $-134318.88   | -0.24%            |  |  |  | No            |                  1 | On Loan: No      |
| Comfort Systems USA Inc        | Comfort Systems USA Inc                                | CUSIP: 199908104<br>LEI: 5299009DT1ZA5HTU6R38 | Long             | EC               | CORP              | US        |       208 | NS      | $194124.32    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| CommScope Holding Co Inc       | CommScope Holding Co Inc                               | CUSIP: 20337X109<br>LEI: 254900AW4CEPCQWSRI58 | Long             | EC               | CORP              | US        |      8559 | NS      | $155174.67    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Cia de Saneamento Basico do Es | Cia de Saneamento Basico do Estado de Sao Paulo SABESP | CUSIP: 20441A102<br>LEI: 254900UOXRZRS2TNWP19 | Long             | EC               | CORP              | BR        |     18526 | NS      | $441855.56    | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Conagra Brands Inc             | Conagra Brands Inc                                     | CUSIP: 205887102<br>LEI: 54930035UDEIH090K650 | Short            | EC               | CORP              | US        |     -8693 | NS      | $-150475.83   | -0.27%            |  |  |  | No            |                  1 | On Loan: No      |
| ConocoPhillips                 | ConocoPhillips                                         | CUSIP: 20825C104<br>LEI: WPTL2Z3FIYTHSP5V2253 | Short            | EC               | CORP              | US        |     -1707 | NS      | $-159792.27   | -0.29%            |  |  |  | No            |                  1 | On Loan: No      |
| Constellation Brands Inc       | Constellation Brands Inc                               | CUSIP: 21036P108<br>LEI: 5493005GKEG8QCVY7037 | Short            | EC               | CORP              | US        |     -1401 | NS      | $-193281.96   | -0.35%            |  |  |  | No            |                  1 | On Loan: No      |
| Construction Partners Inc      | Construction Partners Inc                              | CUSIP: 21044C107<br>LEI: 549300MHLFL4E8JLZU44 | Long             | EC               | CORP              | US        |      2149 | NS      | $233273.95    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Copart Inc                     | Copart Inc                                             | CUSIP: 217204106<br>LEI: 549300KVYX3JWMYEHU61 | Short            | EC               | CORP              | US        |     -3487 | NS      | $-136516.05   | -0.24%            |  |  |  | No            |                  1 | On Loan: No      |
| CorVel Corp                    | CorVel Corp                                            | CUSIP: 221006109<br>LEI: N/A                  | Short            | EC               | CORP              | US        |     -2294 | NS      | $-155234.98   | -0.28%            |  |  |  | No            |                  1 | On Loan: No      |
| Embraer SA                     | Embraer SA                                             | CUSIP: 29082A107<br>LEI: 549300EM51WYXFHUY333 | Long             | EC               | CORP              | BR        |      8772 | NS      | $564653.64    | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| EMCOR Group Inc                | EMCOR Group Inc                                        | CUSIP: 29084Q100<br>LEI: 529900X0SQJB2J7YDU43 | Long             | EC               | CORP              | US        |       264 | NS      | $161512.56    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Endeavour Silver Corp          | Endeavour Silver Corp                                  | CUSIP: 29258Y103<br>LEI: 549300IF2E29780PPV02 | Long             | EC               | CORP              | CA        |     13903 | NS      | $130688.20    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Energy Fuels Inc/Canada        | Energy Fuels Inc/Canada                                | CUSIP: 292671708<br>LEI: 529900P0GCATXMGK8I62 | Long             | EC               | CORP              | US        |      7303 | NS      | $106185.62    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Enerflex Ltd                   | Enerflex Ltd                                           | CUSIP: 29269R105<br>LEI: 54930014N7872VUS3F89 | Long             | EC               | CORP              | CA        |      8154 | NS      | $125816.22    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Entegris Inc                   | Entegris Inc                                           | CUSIP: 29362U104<br>LEI: IYX6OWO7BT5DKO3BYG52 | Short            | EC               | CORP              | US        |     -1969 | NS      | $-165888.25   | -0.30%            |  |  |  | No            |                  1 | On Loan: No      |
| Entergy Corp                   | Entergy Corp                                           | CUSIP: 29364G103<br>LEI: 4XM3TW50JULSLG8BNC79 | Long             | EC               | CORP              | US        |      8569 | NS      | $792032.67    | 1.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Esab Corp                      | Esab Corp                                              | CUSIP: 29605J106<br>LEI: 549300ZNV0SWBXEIWT04 | Short            | EC               | CORP              | US        |     -1570 | NS      | $-175400.40   | -0.31%            |  |  |  | No            |                  1 | On Loan: No      |
| ESCO Technologies Inc          | ESCO Technologies Inc                                  | CUSIP: 296315104<br>LEI: 5493007JJLP5MEWVDH10 | Long             | EC               | CORP              | US        |       849 | NS      | $165886.11    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| AST SpaceMobile Inc            | AST SpaceMobile Inc                                    | CUSIP: 00217D100<br>LEI: 254900MBSC9P2UCI6623 | Long             | EC               | CORP              | US        |      5631 | NS      | $408979.53    | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Allison Transmission Holdings  | Allison Transmission Holdings Inc                      | CUSIP: 01973R101<br>LEI: 529900RP7DJ882LI9T83 | Short            | EC               | CORP              | US        |     -2094 | NS      | $-205002.60   | -0.37%            |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc                   | Alphabet Inc                                           | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |      1447 | NS      | $452911.00    | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Altria Group Inc               | Altria Group Inc                                       | CUSIP: 02209S103<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | EC               | CORP              | US        |      2171 | NS      | $125179.86    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Espey Mfg. & Electronics Corp  | Espey Mfg. & Electronics Corp                          | CUSIP: 296650104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4370 | NS      | $205958.10    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Knife River Corp               | Knife River Corp                                       | CUSIP: 498894104<br>LEI: N/A                  | Short            | EC               | CORP              | US        |     -2175 | NS      | $-153011.25   | -0.27%            |  |  |  | No            |                  1 | On Loan: No      |
| Korea Electric Power Corp      | Korea Electric Power Corp                              | CUSIP: 500631106<br>LEI: 988400QG33WS7JEIV602 | Long             | EC               | CORP              | KR        |     49510 | NS      | $816915.00    | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Kratos Defense & Security Solu | Kratos Defense & Security Solutions Inc                | CUSIP: 50077B207<br>LEI: 5493000EKBN0UY1F3F88 | Long             | EC               | CORP              | US        |      4464 | NS      | $338862.24    | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Lam Research Corp              | Lam Research Corp                                      | CUSIP: 512807306<br>LEI: 549300I4GMO6D34U1T02 | Long             | EC               | CORP              | US        |      1364 | NS      | $233489.52    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Distribution Solutions Group I | Distribution Solutions Group Inc                       | CUSIP: 520776105<br>LEI: N/A                  | Short            | EC               | CORP              | US        |     -5900 | NS      | $-161601.00   | -0.29%            |  |  |  | No            |                  1 | On Loan: No      |
| Mirion Technologies Inc        | Mirion Technologies Inc                                | CUSIP: 60471A101<br>LEI: 549300BNTOWVWFNVTJ65 | Long             | EC               | CORP              | US        |     16933 | NS      | $396570.86    | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Mirum Pharmaceuticals Inc      | Mirum Pharmaceuticals Inc                              | CUSIP: 604749101<br>LEI: 254900YZKR40F7F27K81 | Long             | EC               | CORP              | US        |      2324 | NS      | $183572.76    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Mizuho Financial Group Inc     | Mizuho Financial Group Inc                             | CUSIP: 60687Y109<br>LEI: 353800CI5L6DDAN5XZ33 | Long             | EC               | CORP              | JP        |     29632 | NS      | $216906.24    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Claritev Corp                  | Claritev Corp                                          | CUSIP: 62548M209<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5261 | NS      | $224907.75    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| IperionX Ltd                   | IperionX Ltd                                           | CUSIP: 44916E100<br>LEI: 98450096B1C9E094C832 | Long             | EC               | CORP              | AU        |      3450 | NS      | $124838.25    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| RLI Corp                       | RLI Corp                                               | CUSIP: 749607107<br>LEI: 529900AMTJE5ECN9PS55 | Short            | EC               | CORP              | US        |     -2694 | NS      | $-172362.12   | -0.31%            |  |  |  | No            |                  1 | On Loan: No      |
| Ralph Lauren Corp              | Ralph Lauren Corp                                      | CUSIP: 751212101<br>LEI: HO1QNWM0IXBZ0QSMMO20 | Long             | EC               | CORP              | US        |       570 | NS      | $201557.70    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Ramaco Resources Inc           | Ramaco Resources Inc                                   | CUSIP: 75134P600<br>LEI: 5493001BYUI4TCQOPF70 | Long             | EC               | CORP              | US        |     12311 | NS      | $221598.00    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Red Violet Inc                 | Red Violet Inc                                         | CUSIP: 75704L104<br>LEI: 549300T4EGADG881UU63 | Long             | EC               | CORP              | US        |      5270 | NS      | $300126.50    | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Rhythm Pharmaceuticals Inc     | Rhythm Pharmaceuticals Inc                             | CUSIP: 76243J105<br>LEI: 529900JPNWXQ8DPLA551 | Long             | EC               | CORP              | US        |      2276 | NS      | $243623.04    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Rigetti Computing Inc          | Rigetti Computing Inc                                  | CUSIP: 76655K103<br>LEI: 52990024JHY459DH8W71 | Long             | EC               | CORP              | US        |     10505 | NS      | $232685.75    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Deutsche Bank AG               | Deutsche Bank AG                                       | CUSIP: N/A<br>LEI: 7LTWFZYICNSX8D621K86       | Long             | EC               | CORP              | DE        |      4523 | NS      | $174406.88    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Millicom International Cellula | Millicom International Cellular SA                     | CUSIP: N/A<br>LEI: 549300CTHC1CP86P2G96       | Long             | EC               | CORP              | LU        |     10677 | NS      | $591932.88    | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Insmed Inc                     | Insmed Inc                                             | CUSIP: 457669307<br>LEI: 529900Q55QAG41CCAC11 | Long             | EC               | CORP              | US        |      1276 | NS      | $222075.04    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| InterDigital Inc               | InterDigital Inc                                       | CUSIP: 45867G101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       467 | NS      | $148683.46    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Enlight Renewable Energy Ltd   | Enlight Renewable Energy Ltd                           | CUSIP: N/A<br>LEI: 984500HF6A99N758F734       | Long             | EC               | CORP              | IL        |     15711 | NS      | $714222.06    | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| International Paper Co         | International Paper Co                                 | CUSIP: 460146103<br>LEI: 824LMFJDH41EY779Q875 | Short            | EC               | CORP              | US        |     -4640 | NS      | $-182769.60   | -0.33%            |  |  |  | No            |                  1 | On Loan: No      |
| RXO Inc                        | RXO Inc                                                | CUSIP: 74982T103<br>LEI: 549300KL8CA6GP8XPM30 | Short            | EC               | CORP              | US        |    -16898 | NS      | $-213590.72   | -0.38%            |  |  |  | No            |                  1 | On Loan: No      |
| Rush Street Interactive Inc    | Rush Street Interactive Inc                            | CUSIP: 782011100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     15718 | NS      | $305400.74    | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Ryder System Inc               | Ryder System Inc                                       | CUSIP: 783549108<br>LEI: ZXJ6Y2OSPZXIVGRILD15 | Long             | EC               | CORP              | US        |       889 | NS      | $170145.71    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Sanmina Corp                   | Sanmina Corp                                           | CUSIP: 801056102<br>LEI: X5K24XLM8QYRXF00EB42 | Long             | EC               | CORP              | US        |      1026 | NS      | $153971.82    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Tapestry Inc                   | Tapestry Inc                                           | CUSIP: 876030107<br>LEI: 549300LJNVY5SW3VTN33 | Long             | EC               | CORP              | US        |      4771 | NS      | $609590.67    | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Taseko Mines Ltd               | Taseko Mines Ltd                                       | CUSIP: 876511106<br>LEI: 549300XKUO1JSLU7KX54 | Long             | EC               | CORP              | CA        |     19185 | NS      | $108587.10    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Telephone and Data Systems Inc | Telephone and Data Systems Inc                         | CUSIP: 879433829<br>LEI: 5299003YZW5BE2NNLO37 | Long             | EC               | CORP              | US        |      4363 | NS      | $178883.00    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Tenet Healthcare Corp          | Tenet Healthcare Corp                                  | CUSIP: 88033G407<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | EC               | CORP              | US        |      1651 | NS      | $328086.72    | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Tesla Inc                      | Tesla Inc                                              | CUSIP: 88160R101<br>LEI: 54930043XZGB27CTOV49 | Long             | EC               | CORP              | US        |       813 | NS      | $365622.36    | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Tetra Tech Inc                 | Tetra Tech Inc                                         | CUSIP: 88162G103<br>LEI: 549300UJ1LP7JGJC5P32 | Short            | EC               | CORP              | US        |     -5166 | NS      | $-173267.64   | -0.31%            |  |  |  | No            |                  1 | On Loan: No      |
| Afya Ltd                       | Afya Ltd                                               | CUSIP: N/A<br>LEI: 54930008Y7J8Z1BSDT57       | Short            | EC               | CORP              | BR        |    -11165 | NS      | $-172052.65   | -0.31%            |  |  |  | No            |                  1 | On Loan: No      |
| TE Connectivity PLC            | TE Connectivity PLC                                    | CUSIP: N/A<br>LEI: 6367003TB6K484NFHE54       | Long             | EC               | CORP              | IE        |       767 | NS      | $174500.17    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| TechnipFMC PLC                 | TechnipFMC PLC                                         | CUSIP: N/A<br>LEI: 549300D5I93QWCJTCK36       | Long             | EC               | CORP              | GB        |     13149 | NS      | $585919.44    | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Amneal Pharmaceuticals Inc     | Amneal Pharmaceuticals Inc                             | CUSIP: 03168L105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     14065 | NS      | $177219.00    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Amphastar Pharmaceuticals Inc  | Amphastar Pharmaceuticals Inc                          | CUSIP: 03209R103<br>LEI: 54930055TH0ZLSAQMJ38 | Short            | EC               | CORP              | US        |     -6753 | NS      | $-180845.34   | -0.32%            |  |  |  | No            |                  1 | On Loan: No      |
| Tecnoglass Inc                 | Tecnoglass Inc                                         | CUSIP: N/A<br>LEI: 529900YRWTPOC2E6IO67       | Short            | EC               | CORP              | US        |     -3270 | NS      | $-164546.40   | -0.29%            |  |  |  | No            |                  1 | On Loan: No      |
| TAT Technologies Ltd           | TAT Technologies Ltd                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | IL        |      5068 | NS      | $226336.88    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Amprius Technologies Inc       | Amprius Technologies Inc                               | CUSIP: 03214Q108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     16230 | NS      | $128054.70    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple Hospitality REIT Inc     | Apple Hospitality REIT Inc                             | CUSIP: 03784Y200<br>LEI: 549300EVZAR0FBZO4F16 | Short            | EC               | CORP              | US        |    -13495 | NS      | $-159915.75   | -0.29%            |  |  |  | No            |                  1 | On Loan: No      |
| AppLovin Corp                  | AppLovin Corp                                          | CUSIP: 03831W108<br>LEI: 549300LLVXMUAOL3SQ07 | Long             | EC               | CORP              | US        |       285 | NS      | $192038.70    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| ArcelorMittal SA               | ArcelorMittal SA                                       | CUSIP: 03938L203<br>LEI: 2EULGUTUI56JI9SAL165 | Long             | EC               | CORP              | LU        |      3669 | NS      | $167196.33    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Argenx SE                      | Argenx SE                                              | CUSIP: 04016X101<br>LEI: 7245009C5FZE6G9ODQ71 | Long             | EC               | CORP              | NL        |       205 | NS      | $172394.75    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Arrowhead Pharmaceuticals Inc  | Arrowhead Pharmaceuticals Inc                          | CUSIP: 04280A100<br>LEI: 549300O3CSB8T7OZ3D66 | Long             | EC               | CORP              | US        |      3218 | NS      | $213643.02    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Pediatrix Medical Group Inc    | Pediatrix Medical Group Inc                            | CUSIP: 58502B106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     15791 | NS      | $337769.49    | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| OSI Systems Inc                | OSI Systems Inc                                        | CUSIP: 671044105<br>LEI: DDX3MPX1Y8YD30050X33 | Long             | EC               | CORP              | US        |      1257 | NS      | $320610.42    | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Ormat Technologies Inc         | Ormat Technologies Inc                                 | CUSIP: 686688102<br>LEI: 5493000TSHHWY24VHM09 | Long             | EC               | CORP              | US        |      2068 | NS      | $228451.96    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Ouster Inc                     | Ouster Inc                                             | CUSIP: 68989M202<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5147 | NS      | $111381.08    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Owens Corning                  | Owens Corning                                          | CUSIP: 690742101<br>LEI: JO5M6676RDJIZ2U8X907 | Short            | EC               | CORP              | US        |     -1181 | NS      | $-132165.71   | -0.24%            |  |  |  | No            |                  1 | On Loan: No      |
| PC Connection Inc              | PC Connection Inc                                      | CUSIP: 69318J100<br>LEI: 5299005WPRNIXDV2KM73 | Short            | EC               | CORP              | US        |     -2900 | NS      | $-167504.00   | -0.30%            |  |  |  | No            |                  1 | On Loan: No      |
| Palantir Technologies Inc      | Palantir Technologies Inc                              | CUSIP: 69608A108<br>LEI: 549300UVN46B3BBDHO85 | Long             | EC               | CORP              | US        |      2091 | NS      | $371675.25    | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Pan American Silver Corp       | Pan American Silver Corp                               | CUSIP: 697900108<br>LEI: 549300MKTF5851TYIB83 | Long             | EC               | CORP              | CA        |      4364 | NS      | $226098.84    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Par Pacific Holdings Inc       | Par Pacific Holdings Inc                               | CUSIP: 69888T207<br>LEI: 549300BTNS7MHSHRLR55 | Long             | EC               | CORP              | US        |     11459 | NS      | $402669.26    | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Peabody Energy Corp            | Peabody Energy Corp                                    | CUSIP: 704551100<br>LEI: EJCO258LNNVSKAR2JX59 | Long             | EC               | CORP              | US        |      5898 | NS      | $175170.60    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Phibro Animal Health Corp      | Phibro Animal Health Corp                              | CUSIP: 71742Q106<br>LEI: 549300U24SP4AF2JUX52 | Long             | EC               | CORP              | US        |      5693 | NS      | $212690.48    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Pitney Bowes Inc               | Pitney Bowes Inc                                       | CUSIP: 724479100<br>LEI: 549300N2O26NW4ST6W55 | Long             | EC               | CORP              | US        |     12811 | NS      | $135412.27    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Power Solutions International  | Power Solutions International Inc                      | CUSIP: 73933G202<br>LEI: 549300JWGWDXC70SNH31 | Long             | EC               | CORP              | US        |      4072 | NS      | $232674.08    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Prestige Consumer Healthcare I | Prestige Consumer Healthcare Inc                       | CUSIP: 74112D101<br>LEI: N/A                  | Short            | EC               | CORP              | US        |     -2820 | NS      | $-173965.80   | -0.31%            |  |  |  | No            |                  1 | On Loan: No      |
| Primoris Services Corp         | Primoris Services Corp                                 | CUSIP: 74164F103<br>LEI: 549300UF3OLBJ8D5K349 | Long             | EC               | CORP              | US        |      1446 | NS      | $179506.44    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Prime Medicine Inc             | Prime Medicine Inc                                     | CUSIP: 74168J101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     50244 | NS      | $174346.68    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| QuantumScape Corp              | QuantumScape Corp                                      | CUSIP: 74767V109<br>LEI: 529900JQVOM1M73BJE28 | Long             | EC               | CORP              | US        |      7340 | NS      | $76482.80     | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| TTM Technologies Inc           | TTM Technologies Inc                                   | CUSIP: 87305R109<br>LEI: 549300SC4BDOIS008048 | Long             | EC               | CORP              | US        |      3315 | NS      | $228735.00    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Instruments Inc          | Texas Instruments Inc                                  | CUSIP: 882508104<br>LEI: WDJNR2L6D8RWOEB8T652 | Short            | EC               | CORP              | US        |      -639 | NS      | $-110860.11   | -0.20%            |  |  |  | No            |                  1 | On Loan: No      |
| Third Coast Bancshares Inc     | Third Coast Bancshares Inc                             | CUSIP: 88422P109<br>LEI: 254900LW0YOTBYSQCK19 | Long             | EC               | CORP              | US        |     10109 | NS      | $384243.09    | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Triumph Financial Inc          | Triumph Financial Inc                                  | CUSIP: 89679E300<br>LEI: 5493003RNRMEVYDZ1Q52 | Short            | EC               | CORP              | US        |     -5920 | NS      | $-370769.60   | -0.66%            |  |  |  | No            |                  1 | On Loan: No      |
| Turning Point Brands Inc       | Turning Point Brands Inc                               | CUSIP: 90041L105<br>LEI: 549300IYG00QF0VVP302 | Long             | EC               | CORP              | US        |      1632 | NS      | $176908.80    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| UFP Technologies Inc           | UFP Technologies Inc                                   | CUSIP: 902673102<br>LEI: 549300RJ8LY41HS70C91 | Short            | EC               | CORP              | US        |      -768 | NS      | $-170519.04   | -0.31%            |  |  |  | No            |                  1 | On Loan: No      |
| Ultragenyx Pharmaceutical Inc  | Ultragenyx Pharmaceutical Inc                          | CUSIP: 90400D108<br>LEI: 529900EV44GVDN1DCX77 | Short            | EC               | CORP              | US        |     -4979 | NS      | $-114517.00   | -0.21%            |  |  |  | No            |                  1 | On Loan: No      |
| United States Antimony Corp    | United States Antimony Corp                            | CUSIP: 911549103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     13940 | NS      | $69978.80     | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| VEON Ltd                       | VEON Ltd                                               | CUSIP: 91822M502<br>LEI: 5493008CA3NMHYEVT131 | Long             | EC               | CORP              | AE        |      3344 | NS      | $175794.08    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Vail Resorts Inc               | Vail Resorts Inc                                       | CUSIP: 91879Q109<br>LEI: 529900PSZHRNU9HKH870 | Short            | EC               | CORP              | US        |     -1457 | NS      | $-193489.60   | -0.35%            |  |  |  | No            |                  1 | On Loan: No      |
| Verisk Analytics Inc           | Verisk Analytics Inc                                   | CUSIP: 92345Y106<br>LEI: 549300I1YSWNIRKBWP67 | Short            | EC               | CORP              | US        |      -782 | NS      | $-174925.58   | -0.31%            |  |  |  | No            |                  1 | On Loan: No      |
| Vicor Corp                     | Vicor Corp                                             | CUSIP: 925815102<br>LEI: 5299005KMQOTR6B51F09 | Long             | EC               | CORP              | US        |       546 | NS      | $59841.60     | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| WD-40 Co                       | WD-40 Co                                               | CUSIP: 929236107<br>LEI: 549300UZHTN0CNKBOB19 | Short            | EC               | CORP              | US        |      -736 | NS      | $-144918.40   | -0.26%            |  |  |  | No            |                  1 | On Loan: No      |
| WPP PLC                        | WPP PLC                                                | CUSIP: 92937A102<br>LEI: 549300LSGBXPYHXGDT93 | Short            | EC               | CORP              | GB        |     -4507 | NS      | $-101227.22   | -0.18%            |  |  |  | No            |                  1 | On Loan: No      |
| Welltower Inc                  | Welltower Inc                                          | CUSIP: 95040Q104<br>LEI: 254900F33BIAR82QTA19 | Long             | EC               | CORP              | US        |      2517 | NS      | $467180.37    | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Western Copper & Gold Corp     | Western Copper & Gold Corp                             | CUSIP: 95805V108<br>LEI: 529900DF4NXAM6X99014 | Long             | EC               | CORP              | CA        |     31054 | NS      | $82914.18     | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Westlake Chemical Partners LP  | Westlake Chemical Partners LP                          | CUSIP: 960417103<br>LEI: 5493001UJXZP4TJUQM76 | Short            | EC               | CORP              | US        |     -3083 | NS      | $-58577.00    | -0.10%            |  |  |  | No            |                  1 | On Loan: No      |
| WillScot Holdings Corp         | WillScot Holdings Corp                                 | CUSIP: 971378104<br>LEI: 549300HJ4VIXF476Q166 | Short            | EC               | CORP              | US        |    -15888 | NS      | $-299171.04   | -0.54%            |  |  |  | No            |                  1 | On Loan: No      |
| Woori Financial Group Inc      | Woori Financial Group Inc                              | CUSIP: 981064108<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |      2830 | NS      | $166375.70    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Grupo Cibest SA                | Grupo Cibest SA                                        | CUSIP: 40090E106<br>LEI: 529900OSSJBGZREZ2C28 | Long             | EC               | CORP              | CO        |      2618 | NS      | $166530.98    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Guardant Health Inc            | Guardant Health Inc                                    | CUSIP: 40131M109<br>LEI: 254900M8C3E5VC8BR186 | Long             | EC               | CORP              | US        |      3370 | NS      | $344211.80    | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Xencor Inc                     | Xencor Inc                                             | CUSIP: 98401F105<br>LEI: 549300V5IF65437JKG30 | Short            | EC               | CORP              | US        |     -8412 | NS      | $-128787.72   | -0.23%            |  |  |  | No            |                  1 | On Loan: No      |
| XPeng Inc                      | XPeng Inc                                              | CUSIP: 98422D105<br>LEI: 549300TZNMIREMWQU857 | Long             | EC               | CORP              | CN        |      9493 | NS      | $192518.04    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| HSBC Holdings PLC              | HSBC Holdings PLC                                      | CUSIP: 404280406<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | EC               | CORP              | GB        |      2891 | NS      | $227434.97    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| HP Inc                         | HP Inc                                                 | CUSIP: 40434L105<br>LEI: WHKXQACZ14C5XRO8LW03 | Short            | EC               | CORP              | US        |     -9818 | NS      | $-218745.04   | -0.39%            |  |  |  | No            |                  1 | On Loan: No      |
| Xeris Biopharma Holdings Inc   | Xeris Biopharma Holdings Inc                           | CUSIP: 98422E103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     18783 | NS      | $147446.55    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Xometry Inc                    | Xometry Inc                                            | CUSIP: 98423F109<br>LEI: 5493006JFRGU7YRRXE44 | Long             | EC               | CORP              | US        |      2863 | NS      | $170262.61    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Agnico Eagle Mines Ltd         | Agnico Eagle Mines Ltd                                 | CUSIP: 008474108<br>LEI: 254900BFJ2DOHPMEXN45 | Long             | EC               | CORP              | CA        |      4284 | NS      | $726266.52    | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Zai Lab Ltd                    | Zai Lab Ltd                                            | CUSIP: 98887Q104<br>LEI: 549300P2UYQ9U5LY1T58 | Short            | EC               | CORP              | CN        |     -8202 | NS      | $-144683.28   | -0.26%            |  |  |  | No            |                  1 | On Loan: No      |
| Zebra Technologies Corp        | Zebra Technologies Corp                                | CUSIP: 989207105<br>LEI: PO0I32GKZ3HZMMDPZZ08 | Short            | EC               | CORP              | US        |      -697 | NS      | $-169245.54   | -0.30%            |  |  |  | No            |                  1 | On Loan: No      |
| Hallador Energy Co             | Hallador Energy Co                                     | CUSIP: 40609P105<br>LEI: 254900GKEQRHOI2SSC19 | Long             | EC               | CORP              | US        |      7808 | NS      | $148664.32    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Harmonic Inc                   | Harmonic Inc                                           | CUSIP: 413160102<br>LEI: 549300LRGRD8XC9BTL66 | Short            | EC               | CORP              | US        |    -23666 | NS      | $-234056.74   | -0.42%            |  |  |  | No            |                  1 | On Loan: No      |
| Zurn Elkay Water Solutions Cor | Zurn Elkay Water Solutions Corp                        | CUSIP: 98983L108<br>LEI: 549300AM3633XDFU1Q85 | Long             | EC               | CORP              | US        |      3605 | NS      | $167596.45    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Paysafe Ltd                    | Paysafe Ltd                                            | CUSIP: N/A<br>LEI: 2138003K6PVDCI5TBN11       | Short            | EC               | CORP              | GB        |    -30893 | NS      | $-249924.37   | -0.45%            |  |  |  | No            |                  1 | On Loan: No      |
| Hawkins Inc                    | Hawkins Inc                                            | CUSIP: 420261109<br>LEI: 549300VL3IJ23OWX1Y34 | Long             | EC               | CORP              | US        |      3253 | NS      | $462121.18    | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Heritage Insurance Holdings In | Heritage Insurance Holdings Inc                        | CUSIP: 42727J102<br>LEI: 9845008CCYDD87F66B45 | Long             | EC               | CORP              | US        |     13213 | NS      | $386612.38    | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Howmet Aerospace Inc           | Howmet Aerospace Inc                                   | CUSIP: 443201108<br>LEI: 549300HO5WFZUT5N2T22 | Long             | EC               | CORP              | US        |      2272 | NS      | $465805.44    | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| HubSpot Inc                    | HubSpot Inc                                            | CUSIP: 443573100<br>LEI: 529900BLNVEW0MVKJB37 | Short            | EC               | CORP              | US        |      -337 | NS      | $-135238.10   | -0.24%            |  |  |  | No            |                  1 | On Loan: No      |
| Hudbay Minerals Inc            | Hudbay Minerals Inc                                    | CUSIP: 443628102<br>LEI: 894500LX3TMESP27BE29 | Long             | EC               | CORP              | CA        |     26908 | NS      | $534123.80    | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Hut 8 Corp                     | Hut 8 Corp                                             | CUSIP: 44812J104<br>LEI: 98450066FEF9C1D3FC20 | Long             | EC               | CORP              | US        |      3367 | NS      | $154679.98    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| GigaCloud Technology Inc       | GigaCloud Technology Inc                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |      9311 | NS      | $365736.08    | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| GLOBALFOUNDRIES Inc            | GLOBALFOUNDRIES Inc                                    | CUSIP: N/A<br>LEI: 549300BA76VK784VMX48       | Short            | EC               | CORP              | US        |     -9845 | NS      | $-343787.40   | -0.62%            |  |  |  | No            |                  1 | On Loan: No      |
| Gilat Satellite Networks Ltd   | Gilat Satellite Networks Ltd                           | CUSIP: N/A<br>LEI: 529900RVHDCYJ5YWHP12       | Long             | EC               | CORP              | IL        |      8226 | NS      | $106444.44    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Ferrari NV                     | Ferrari NV                                             | CUSIP: N/A<br>LEI: 549300RIVY5EX8RCON76       | Short            | EC               | CORP              | IT        |      -472 | NS      | $-174432.32   | -0.31%            |  |  |  | No            |                  1 | On Loan: No      |
| Euroseas Ltd                   | Euroseas Ltd                                           | CUSIP: N/A<br>LEI: 213800ADWWZOFC9KU444       | Long             | EC               | CORP              | GR        |      8726 | NS      | $476439.60    | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Alamos Gold Inc                | Alamos Gold Inc                                        | CUSIP: 011532108<br>LEI: 894500GIHFJZW7YS9660 | Long             | EC               | CORP              | CA        |      6666 | NS      | $257174.28    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Alarm.com Holdings Inc         | Alarm.com Holdings Inc                                 | CUSIP: 011642105<br>LEI: 549300HIH92U1EKIHZ32 | Short            | EC               | CORP              | US        |     -2909 | NS      | $-148417.18   | -0.27%            |  |  |  | No            |                  1 | On Loan: No      |
| Albany International Corp      | Albany International Corp                              | CUSIP: 012348108<br>LEI: L73WCPNCZIRSQGZTW097 | Short            | EC               | CORP              | US        |     -3834 | NS      | $-194383.80   | -0.35%            |  |  |  | No            |                  1 | On Loan: No      |
| CCC Intelligent Solutions Hold | CCC Intelligent Solutions Holdings Inc                 | CUSIP: 12510Q100<br>LEI: N/A                  | Short            | EC               | CORP              | US        |    -39403 | NS      | $-313253.85   | -0.56%            |  |  |  | No            |                  1 | On Loan: No      |
| CECO Environmental Corp        | CECO Environmental Corp                                | CUSIP: 125141101<br>LEI: 5493002CZCTL4HGLIY91 | Long             | EC               | CORP              | US        |      2857 | NS      | $170991.45    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Celestica Inc                  | Celestica Inc                                          | CUSIP: 15101Q207<br>LEI: 549300J3CG5T6RZWLN53 | Long             | EC               | CORP              | CA        |      2226 | NS      | $658027.86    | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Century Aluminum Co            | Century Aluminum Co                                    | CUSIP: 156431108<br>LEI: 549300U5ODNGEYWKSW73 | Long             | EC               | CORP              | US        |      1606 | NS      | $62923.08     | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| DXP Enterprises Inc/TX         | DXP Enterprises Inc/TX                                 | CUSIP: 233377407<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1390 | NS      | $152608.10    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Douglas Emmett Inc             | Douglas Emmett Inc                                     | CUSIP: 25960P109<br>LEI: N/A                  | Short            | EC               | CORP              | US        |    -14263 | NS      | $-156750.37   | -0.28%            |  |  |  | No            |                  1 | On Loan: No      |
| eBay Inc                       | eBay Inc                                               | CUSIP: 278642103<br>LEI: OML71K8X303XQONU6T67 | Long             | EC               | CORP              | US        |      1741 | NS      | $151641.10    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Elanco Animal Health Inc       | Elanco Animal Health Inc                               | CUSIP: 28414H103<br>LEI: 549300SHPNDCE059M934 | Long             | EC               | CORP              | US        |      7366 | NS      | $166692.58    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Strategy Inc                   | Strategy Inc                                           | CUSIP: 594972408<br>LEI: 549300WQTWEJUEHXQX21 | Short            | EC               | CORP              | US        |     -3286 | NS      | $-499307.70   | -0.89%            |  |  |  | No            |                  1 | On Loan: No      |
| Robinhood Markets Inc          | Robinhood Markets Inc                                  | CUSIP: 770700102<br>LEI: 213800FS5AO3YWIE6F63 | Long             | EC               | CORP              | US        |      3923 | NS      | $443691.30    | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| ROBLOX Corp                    | ROBLOX Corp                                            | CUSIP: 771049103<br>LEI: 529900ANZDBDFU91SO19 | Long             | EC               | CORP              | US        |      2534 | NS      | $205330.02    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Strategic Education Inc        | Strategic Education Inc                                | CUSIP: 86272C103<br>LEI: 2549002UYIM8Q5EC8H36 | Short            | EC               | CORP              | US        |     -1788 | NS      | $-143397.60   | -0.26%            |  |  |  | No            |                  1 | On Loan: No      |
| Sun Country Airlines Holdings  | Sun Country Airlines Holdings Inc                      | CUSIP: 866683105<br>LEI: 549300MOHOJN9GH0NJ48 | Short            | EC               | CORP              | US        |    -14120 | NS      | $-203186.80   | -0.36%            |  |  |  | No            |                  1 | On Loan: No      |
| Surgery Partners Inc           | Surgery Partners Inc                                   | CUSIP: 86881A100<br>LEI: 549300LC82HG33S19I03 | Short            | EC               | CORP              | US        |     -7511 | NS      | $-116044.95   | -0.21%            |  |  |  | No            |                  1 | On Loan: No      |
| Incyte Corp                    | Incyte Corp                                            | CUSIP: 45337C102<br>LEI: 549300Z4WN6JVZ3T4680 | Long             | EC               | CORP              | US        |      1610 | NS      | $159019.70    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Industrial Logistics Propertie | Industrial Logistics Properties Trust                  | CUSIP: 456237106<br>LEI: 5493004XH9PJW009HR47 | Long             | EC               | CORP              | US        |     57002 | NS      | $315791.08    | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Ingersoll Rand Inc             | Ingersoll Rand Inc                                     | CUSIP: 45687V106<br>LEI: 5299004C02FMZCUOIR50 | Short            | EC               | CORP              | US        |     -2206 | NS      | $-174759.32   | -0.31%            |  |  |  | No            |                  1 | On Loan: No      |
| Ingredion Inc                  | Ingredion Inc                                          | CUSIP: 457187102<br>LEI: PKSTQ48QDN0XSVS7YK88 | Short            | EC               | CORP              | US        |     -1520 | NS      | $-167595.20   | -0.30%            |  |  |  | No            |                  1 | On Loan: No      |
| Insight Enterprises Inc        | Insight Enterprises Inc                                | CUSIP: 45765U103<br>LEI: 529900S8991TYW6YP792 | Short            | EC               | CORP              | US        |     -1041 | NS      | $-84810.27    | -0.15%            |  |  |  | No            |                  1 | On Loan: No      |
| Innovative Industrial Properti | Innovative Industrial Properties Inc                   | CUSIP: 45781V101<br>LEI: 5493008BQ0545EZXRR30 | Short            | EC               | CORP              | US        |     -4934 | NS      | $-233674.24   | -0.42%            |  |  |  | No            |                  1 | On Loan: No      |
| Indivior PLC                   | Indivior PLC                                           | CUSIP: N/A<br>LEI: 213800V3NCQTY7IED471       | Long             | EC               | CORP              | GB        |      1655 | NS      | $59381.40     | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| AXT Inc                        | AXT Inc                                                | CUSIP: 00246W103<br>LEI: 549300M2142IVLVIJN37 | Long             | EC               | CORP              | US        |      4073 | NS      | $66593.55     | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Oklo Inc                       | Oklo Inc                                               | CUSIP: 02156V109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1190 | NS      | $85394.40     | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Atlassian Corp                 | Atlassian Corp                                         | CUSIP: 049468101<br>LEI: 549300V7ZY5P02D2MY38 | Short            | EC               | CORP              | AU        |     -1027 | NS      | $-166517.78   | -0.30%            |  |  |  | No            |                  1 | On Loan: No      |
| Atour Lifestyle Holdings Ltd   | Atour Lifestyle Holdings Ltd                           | CUSIP: 04965M106<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      3708 | NS      | $146095.20    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Avient Corp                    | Avient Corp                                            | CUSIP: 05368V106<br>LEI: SM8L9RZYIB34LNTWO040 | Short            | EC               | CORP              | US        |     -5289 | NS      | $-165228.36   | -0.30%            |  |  |  | No            |                  1 | On Loan: No      |
| BWX Technologies Inc           | BWX Technologies Inc                                   | CUSIP: 05605H100<br>LEI: 549300NP85N265KWMS58 | Long             | EC               | CORP              | US        |       827 | NS      | $142938.68    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Badger Meter Inc               | Badger Meter Inc                                       | CUSIP: 056525108<br>LEI: 5493002JENE20OGTUG20 | Short            | EC               | CORP              | US        |      -939 | NS      | $-163770.99   | -0.29%            |  |  |  | No            |                  1 | On Loan: No      |
| Baxter International Inc       | Baxter International Inc                               | CUSIP: 071813109<br>LEI: J5OIVXX3P24RJRW5CK77 | Short            | EC               | CORP              | US        |     -9161 | NS      | $-175066.71   | -0.31%            |  |  |  | No            |                  1 | On Loan: No      |
| Bel Fuse Inc                   | Bel Fuse Inc                                           | CUSIP: 077347201<br>LEI: 2549009L4XYDBRRY6X39 | Long             | EC               | CORP              | US        |      1101 | NS      | $167131.80    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Bilibili Inc                   | Bilibili Inc                                           | CUSIP: 090040106<br>LEI: 5493008V60M52L3PIS45 | Long             | EC               | CORP              | CN        |      5663 | NS      | $139253.17    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Blackstone Secured Lending Fun | Blackstone Secured Lending Fund                        | CUSIP: 09261X102<br>LEI: 549300KM7KWQHVBNH962 | Short            | EC               | CORP              | US        |     -6162 | NS      | $-162245.46   | -0.29%            |  |  |  | No            |                  1 | On Loan: No      |
| Blue Owl Capital Inc           | Blue Owl Capital Inc                                   | CUSIP: 09581B103<br>LEI: N/A                  | Short            | EC               | CORP              | US        |    -19903 | NS      | $-297350.82   | -0.53%            |  |  |  | No            |                  1 | On Loan: No      |
| Boston Beer Co Inc/The         | Boston Beer Co Inc/The                                 | CUSIP: 100557107<br>LEI: 529900Q02MQ0DCQNRM58 | Short            | EC               | CORP              | US        |      -831 | NS      | $-162153.03   | -0.29%            |  |  |  | No            |                  1 | On Loan: No      |
| BrightView Holdings Inc        | BrightView Holdings Inc                                | CUSIP: 10948C107<br>LEI: 549300F8QN8YHVI7L866 | Short            | EC               | CORP              | US        |    -14346 | NS      | $-181763.82   | -0.33%            |  |  |  | No            |                  1 | On Loan: No      |
| British American Tobacco PLC   | British American Tobacco PLC                           | CUSIP: 110448107<br>LEI: 213800FKA5MF17RJKT63 | Long             | EC               | CORP              | GB        |     11556 | NS      | $654300.72    | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadcom Inc                   | Broadcom Inc                                           | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |      1192 | NS      | $412551.20    | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Azenta Inc                     | Azenta Inc                                             | CUSIP: 114340102<br>LEI: 35ZN6X1ANPH25YN32Y17 | Short            | EC               | CORP              | US        |     -4641 | NS      | $-154359.66   | -0.28%            |  |  |  | No            |                  1 | On Loan: No      |
| Cable One Inc                  | Cable One Inc                                          | CUSIP: 12685J105<br>LEI: 549300648QS85T0XSH18 | Short            | EC               | CORP              | US        |     -1908 | NS      | $-215317.80   | -0.39%            |  |  |  | No            |                  1 | On Loan: No      |
| Cactus Inc                     | Cactus Inc                                             | CUSIP: 127203107<br>LEI: 549300J3T8C9F8QFKV08 | Short            | EC               | CORP              | US        |     -8302 | NS      | $-379235.36   | -0.68%            |  |  |  | No            |                  1 | On Loan: No      |
| OPENLANE Inc                   | OPENLANE Inc                                           | CUSIP: 48238T109<br>LEI: 5493004HKD20LBSG7D03 | Long             | EC               | CORP              | US        |      9911 | NS      | $295149.58    | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| NCS Multistage Holdings Inc    | NCS Multistage Holdings Inc                            | CUSIP: 628877201<br>LEI: 5493003WLG5T6MNJ7292 | Long             | EC               | CORP              | US        |      2710 | NS      | $107017.90    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| NRG Energy Inc                 | NRG Energy Inc                                         | CUSIP: 629377508<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | EC               | CORP              | US        |      5220 | NS      | $831232.80    | 1.49%             |  |  |  | No            |                  1 | On Loan: No      |
| NatWest Group PLC              | NatWest Group PLC                                      | CUSIP: 639057207<br>LEI: 2138005O9XJIJN4JPN90 | Long             | EC               | CORP              | GB        |     21662 | NS      | $379085.00    | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| nCino Inc                      | nCino Inc                                              | CUSIP: 63947X101<br>LEI: 549300WVRR2WR3L6MZ46 | Short            | EC               | CORP              | US        |     -6771 | NS      | $-173608.44   | -0.31%            |  |  |  | No            |                  1 | On Loan: No      |
| NetEase Inc                    | NetEase Inc                                            | CUSIP: 64110W102<br>LEI: 5299004AF4DSJDB0PA32 | Long             | EC               | CORP              | CN        |      1102 | NS      | $151657.24    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Newmark Group Inc              | Newmark Group Inc                                      | CUSIP: 65158N102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     13041 | NS      | $226130.94    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| NPK International Inc          | NPK International Inc                                  | CUSIP: 651718504<br>LEI: 54930073OHWDQW4DJN26 | Long             | EC               | CORP              | US        |     13585 | NS      | $161933.20    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Northern Trust Corp            | Northern Trust Corp                                    | CUSIP: 665859104<br>LEI: 549300GLF98S992BC502 | Long             | EC               | CORP              | US        |      1253 | NS      | $171147.27    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Novanta Inc                    | Novanta Inc                                            | CUSIP: 67000B104<br>LEI: N/A                  | Short            | EC               | CORP              | US        |     -1318 | NS      | $-156828.82   | -0.28%            |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA Corp                    | NVIDIA Corp                                            | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |      2858 | NS      | $533017.00    | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Oil-Dri Corp of America        | Oil-Dri Corp of America                                | CUSIP: 677864100<br>LEI: 549300RSG5KPUH16WH66 | Long             | EC               | CORP              | US        |      3078 | NS      | $150637.32    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Olema Pharmaceuticals Inc      | Olema Pharmaceuticals Inc                              | CUSIP: 68062P106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      6108 | NS      | $152700.00    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| ONEOK Inc                      | ONEOK Inc                                              | CUSIP: 682680103<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Short            | EC               | CORP              | US        |     -2165 | NS      | $-159127.50   | -0.28%            |  |  |  | No            |                  1 | On Loan: No      |
| Opendoor Technologies Inc      | Opendoor Technologies Inc                              | CUSIP: 683712103<br>LEI: 254900KX11YZ4HV5BQ47 | Long             | EC               | CORP              | US        |     11383 | NS      | $66362.89     | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| OPENDOOR TECHNOLOGIES INC      | Opendoor Technologies Inc                              | CUSIP: 683712129<br>LEI: 254900KX11YZ4HV5BQ47 | N/A              | DE               | CORP              | US        |       387 | NS      | $348.54       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| OPENDOOR TECHNOLOGIES INC      | Opendoor Technologies Inc                              | CUSIP: 683712137<br>LEI: 254900KX11YZ4HV5BQ47 | N/A              | DE               | CORP              | US        |       387 | NS      | $201.49       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| OPENDOOR TECHNOLOGIES INC      | Opendoor Technologies Inc                              | CUSIP: 683712145<br>LEI: 254900KX11YZ4HV5BQ47 | N/A              | DE               | CORP              | US        |       387 | NS      | $154.67       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Oracle Corp                    | Oracle Corp                                            | CUSIP: 68389X105<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | EC               | CORP              | US        |       582 | NS      | $113437.62    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| OptimizeRx Corp                | OptimizeRx Corp                                        | CUSIP: 68401U204<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      6203 | NS      | $76048.78     | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Blue Owl Capital Corp          | Blue Owl Capital Corp                                  | CUSIP: 69121K104<br>LEI: 2549000BD79OOCPF2L94 | Short            | EC               | CORP              | US        |    -13875 | NS      | $-172466.25   | -0.31%            |  |  |  | No            |                  1 | On Loan: No      |
| RTX Corp                       | RTX Corp                                               | CUSIP: 75513E101<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | EC               | CORP              | US        |       952 | NS      | $174596.80    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Rocket Lab Corp                | Rocket Lab Corp                                        | CUSIP: 773121108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      6712 | NS      | $468229.12    | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Sezzle Inc                     | Sezzle Inc                                             | CUSIP: 78435P105<br>LEI: 9845000CA64541AE3I35 | Short            | EC               | CORP              | US        |     -4796 | NS      | $-304426.10   | -0.55%            |  |  |  | No            |                  1 | On Loan: No      |
| SLB Ltd                        | SLB Ltd                                                | CUSIP: 806857108<br>LEI: 213800ZUA17OK3QLGM62 | Short            | EC               | CORP              | US        |     -4486 | NS      | $-172172.68   | -0.31%            |  |  |  | No            |                  1 | On Loan: No      |
| Schrodinger Inc/United States  | Schrodinger Inc/United States                          | CUSIP: 80810D103<br>LEI: 984500044BAE4791E559 | Short            | EC               | CORP              | US        |    -10070 | NS      | $-180051.60   | -0.32%            |  |  |  | No            |                  1 | On Loan: No      |
| Seneca Foods Corp              | Seneca Foods Corp                                      | CUSIP: 817070501<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1443 | NS      | $159639.09    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Shopify Inc                    | Shopify Inc                                            | CUSIP: 82509L107<br>LEI: 549300HGQ43STJLLP808 | Long             | EC               | CORP              | CA        |      1054 | NS      | $169662.38    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Sibanye Stillwater Ltd         | Sibanye Stillwater Ltd                                 | CUSIP: 82575P107<br>LEI: 378900F238434B74D281 | Long             | EC               | CORP              | ZA        |     16340 | NS      | $232845.00    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Six Flags Entertainment Corp   | Six Flags Entertainment Corp                           | CUSIP: 83001C108<br>LEI: 529900AS2CYWYFHRS781 | Short            | EC               | CORP              | US        |     -5544 | NS      | $-85044.96    | -0.15%            |  |  |  | No            |                  1 | On Loan: No      |
| Skeena Resources Ltd           | Skeena Resources Ltd                                   | CUSIP: 83056P715<br>LEI: 549300DCWSQFVVZ21289 | Long             | EC               | CORP              | CA        |     35513 | NS      | $842723.49    | 1.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Skyward Specialty Insurance Gr | Skyward Specialty Insurance Group Inc                  | CUSIP: 830940102<br>LEI: 549300GXGXJG0YH4VN21 | Short            | EC               | CORP              | US        |     -2823 | NS      | $-144283.53   | -0.26%            |  |  |  | No            |                  1 | On Loan: No      |
| Snowflake Inc                  | Snowflake Inc                                          | CUSIP: 833445109<br>LEI: 254900CJNSY1K7T53Z16 | Long             | EC               | CORP              | US        |       629 | NS      | $137977.44    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Solaris Energy Infrastructure  | Solaris Energy Infrastructure Inc                      | CUSIP: 83418M103<br>LEI: 529900MTK3C8Y8TIIC10 | Long             | EC               | CORP              | US        |     21557 | NS      | $990975.29    | 1.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Solid Power Inc                | Solid Power Inc                                        | CUSIP: 83422N105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      9543 | NS      | $40557.75     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Spectrum Brands Holdings Inc   | Spectrum Brands Holdings Inc                           | CUSIP: 84790A105<br>LEI: 549300JM0MJETDD30O20 | Short            | EC               | CORP              | US        |     -5593 | NS      | $-330434.44   | -0.59%            |  |  |  | No            |                  1 | On Loan: No      |
| Sprott Inc                     | Sprott Inc                                             | CUSIP: 852066208<br>LEI: 254900QHJAD5TP2JNM15 | Long             | EC               | CORP              | CA        |      6222 | NS      | $609258.24    | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Standard Lithium Ltd           | Standard Lithium Ltd                                   | CUSIP: 853606101<br>LEI: 549300LA4BSHAKT4SL33 | Long             | EC               | CORP              | CA        |     41624 | NS      | $186059.28    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Starbucks Corp                 | Starbucks Corp                                         | CUSIP: 855244109<br>LEI: OQSJ1DU9TAOC51A47K68 | Short            | EC               | CORP              | US        |     -2198 | NS      | $-185093.58   | -0.33%            |  |  |  | No            |                  1 | On Loan: No      |
| Sterling Infrastructure Inc    | Sterling Infrastructure Inc                            | CUSIP: 859241101<br>LEI: 549300RZIK6K1215XU51 | Long             | EC               | CORP              | US        |      1346 | NS      | $412185.58    | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Somnigroup International Inc   | Somnigroup International Inc                           | CUSIP: 88023U101<br>LEI: 549300HFEKVR3US71V91 | Long             | EC               | CORP              | US        |      2048 | NS      | $182845.44    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Axalta Coating Systems Ltd     | Axalta Coating Systems Ltd                             | CUSIP: N/A<br>LEI: 529900AGLPA40GV6H619       | Short            | EC               | CORP              | US        |     -3458 | NS      | $-111727.98   | -0.20%            |  |  |  | No            |                  1 | On Loan: No      |
| Seagate Technology Holdings PL | Seagate Technology Holdings PLC                        | CUSIP: N/A<br>LEI: 635400RUXIFEZSRU8X70       | Long             | EC               | CORP              | US        |       816 | NS      | $224718.24    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| AtaiBeckley Inc                | AtaiBeckley Inc                                        | CUSIP: 04650F101<br>LEI: 391200Z8UWPJSNBNCA11 | Long             | EC               | CORP              | US        |     16110 | NS      | $65889.90     | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Bladex                         | Banco Latinoamericano de Comercio Exterior SA          | CUSIP: N/A<br>LEI: 549300CN3134K4LC0651       | Long             | EC               | CORP              | PA        |      5852 | NS      | $260999.20    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Royal Caribbean Cruises Ltd    | Royal Caribbean Cruises Ltd                            | CUSIP: N/A<br>LEI: K2NEH8QNVW44JIWK7Z55       | Long             | EC               | CORP              | US        |      1306 | NS      | $364269.52    | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-02-24

**Name of Applicant:** Tidal Trust II

**Signature:** /s/ Peter Chappy

**Name of Signer:** Peter Chappy

**Title:** Assistant Treasurer