# EDGAR Filing Document

**Accession Number:** 0001045701
**File Stem:** 0001162044-26-000104
**Filing Date:** 2026-1
**Character Count:** 63598
**Document Hash:** 6a20e23a26aaa2a39ee3ca9b01753220
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001162044-26-000104.hdr.sgml**: 20260129

**ACCESSION NUMBER**: 0001162044-26-000104

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251130

**FILED AS OF DATE**: 20260129

**DATE AS OF CHANGE**: 20260129

**PERIOD START**: 20260831

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Monteagle Funds
- **CENTRAL INDEX KEY:** 0001045701

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0831

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-08529
- **FILM NUMBER:** 26576923

**BUSINESS ADDRESS:**
- **STREET 1:** 2728 19TH PLACE SOUTH
- **STREET 2:** SUITE 160
- **CITY:** HOMEWOOD
- **STATE:** AL
- **ZIP:** 35209
- **BUSINESS PHONE:** 888-263-5593

**MAIL ADDRESS:**
- **STREET 1:** 2728 19TH PLACE SOUTH
- **STREET 2:** SUITE 160
- **CITY:** HOMEWOOD
- **STATE:** AL
- **ZIP:** 35209

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Memorial Funds
- **DATE OF NAME CHANGE:** 20060420

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Monteagle Funds
- **DATE OF NAME CHANGE:** 20060420

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MEMORIAL FUNDS
- **DATE OF NAME CHANGE:** 19971208

## Series and Classes Contracts Data

### Monteagle Opportunity Equity Fund (Series ID: S000065162)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000210931 | Investor Class      | HEQFX           |
| C000210932 | Institutional Class | HEQCX           |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **Schedule of Investments** | **Schedule of Investments** | **Schedule of Investments** |
| **November 30, 2025 (unaudited)** | **November 30, 2025 (unaudited)** | **November 30, 2025 (unaudited)** |
| **<u>Monteagle Opportunity Equity Fund</u>** | **<u>Monteagle Opportunity Equity Fund</u>** | **<u>Monteagle Opportunity Equity Fund</u>** |
|  | **Shares or Principal** |  |
| **Security Description** | **Amount ($)** | **Fair Value ($)(1)** |
| **Common Stocks - 93.97%** | **Common Stocks - 93.97%** | **Common Stocks - 93.97%** |
| **Agricultural Products - Livestock & Animal Specialties - 0.95%** |  |  |
| Cal-Maine Foods, Inc.  | 1827  | 152226  |
| **Arrangement of Transportation of Freight & Cargo - 1.30%** |  |  |
| C.H. Robinson Worldwide, Inc. (2) | 1314  | 208755  |
| **Banks - 1.63%** |  |  |
| Bank OZK  | 2633  | 121171  |
| Cullen/Frost Bankers, Inc.  | 1136  | 140546  |
|  |  | 261717  |
| **Captial Goods - 5.27%** |  |  |
| A.O. Smith Corp.  | 2977  | 196422  |
| EMCOR Group, Inc. (2) | 217  | 133470  |
| Fluor Corp. (2) | 4214  | 180907  |
| Hubbell, Inc. | 407  | 175592  |
| Masco Corp.  | 2448  | 158802  |
|  |  | 845193  |
| **Commercial & Professional Services - 0.92%** |  |  |
| Copart, Inc. (2) | 3774  | 147111  |
| **Computer Peripheral Equipment, NEC - 0.49%** |  |  |
| Fortinet, Inc. (2) | 972  | 78858  |
| **Consumer Durables & Apparel - 0.91%** |  |  |
| PulteGroup, Inc. (2) | 1150  | 146269  |
| **Containers & Packaging - 0.78%** |  |  |
| Avery Dennison Corp. (2) | 722  | 124451  |
| **Crude Petroleum & Natural Gas - 1.77%** |  |  |
| Ovintiv, Inc. (2) | 3304  | 135332  |
| Permian Resources Corp. (2) | 10266  | 148754  |
|  |  | 284086  |
| **Deep Sea Foreign Transporation of Freight - 0.73%** |  |  |
| Torm plc Class A (2) | 5475  | 117220  |
| **Diversified Financials - 0.85%** |  |  |
| CBOE Global Markets, Inc.  | 526  | 135797  |
| **Electric Services - 0.93%** |  |  |
| Black Hills Corp.  | 2031  | 149867  |
| **Electric Utilities - 1.93%** |  |  |
| OGE Energy Corp. (2) | 3107  | 142238  |
| Otter Tail Corp.  | 2037  | 167441  |
|  |  | 309680  |
| **Electromedical & Electrotherapeutic Apparatus - 0.86%** |  |  |
| InMode Ltd. (2) | 9633  | 137270  |
| **Fire, Marine & Casualty Insurance - 2.27%** |  |  |
| Axis Capital Holdings Ltd. (2) | 1843  | 188428  |
| Renaissancere Holdings Ltd.  | 673  | 175767  |
|  |  | 364196  |
| **Food, Beverage & Tobacco - 0.93%** |  |  |
| Ingredion, Inc. (2) | 1391  | 149588  |
| **Health Care Equipment & Services - 0.93%** |  |  |
| Universal Health Services, Inc. Class B (2) | 615  | 149832  |
| **Hospital & Medical Service Plans - 1.71%** |  |  |
| Elevance Health, Inc.  | 438  | 148158  |
| The Cigna Group (2) | 453  | 125608  |
|  |  | 273766  |
| **In Vitro & In Vivo Diagnostic Substances - 0.78%** |  |  |
| Idexx Laboratories, Inc. (2) | 167  | 125731  |
| **Industrial Instruments For Measurement, Display, and Control - 1.05%** |  |  |
| Fortive Corp.  | 3154  | 168676  |
| **Instruments For Measuring, Testing of Electricity, and Electronic Signals - 0.49%** |  |  |
| Teradyne, Inc.  | 433  | 78758  |
| **Insurance - 2.27%** |  |  |
| The Hartford Insurance Group, Inc. (2) | 1350  | 184991  |
| The Travelers Cos., Inc.  | 610  | 178645  |
|  |  | 363635  |
| **Investment Advice - 3.74%** |  |  |
| Evercore, Inc. Class A (2) | 432  | 138270  |
| Moelis & Co.  | 2464  | 158115  |
| T. Rowe Price Group, Inc. (2) | 1709  | 174967  |
| The Carlyle Group, Inc.  | 2369  | 129182  |
|  |  | 600534  |
| **Lawn & Garden Tractors & Home Lawn & Gardens Equipment - 0.94%** |  |  |
| Toro Co. (2) | 2171  | 151406  |
| **Malt Beverages - 0.77%** |  |  |
| Molson Coors Beverage Co. (2) | 2661  | 123763  |
| **Media & Entertainment - 0.26%** |  |  |
| Warner Music Group Corp. Class A  | 1497  | 42275  |
| **Metals & Mining - 0.76%** |  |  |
| Agnico Eagle Mines Ltd. (Canada) (2) | 699  | 121927  |
| **Mineral Royalty Traders - 0.80%** |  |  |
| Royal Gold, Inc. (2) | 627  | 127808  |
| **Miscellaneous Manufacturing Industries - 1.25%** |  |  |
| Brady Corp. Class A (2) | 2571  | 201155  |
| **Motor Vehicle Parts & Accessories - 0.99%** |  |  |
| Visteon Corp.  | 1537  | 158695  |
| **Motor Vehicles & Passenger Car Bodies - 1.11%** |  |  |
| REV Group, Inc. (2) | 3353  | 178614  |
| **National Commercial Banks - 1.76%** |  |  |
| PNC Financial Services Group  | 752  | 143421  |
| U.S. Bancorp (2) | 2838  | 139204  |
|  |  | 282625  |
| **Natural Gas Distribution - 0.81%** |  |  |
| National Fuel Gas Co. | 1568  | 129282  |
| **Natural Gas Transmission - 0.59%** |  |  |
| Archrock, Inc. (2) | 3864  | 94823  |
| **Oil & Gas Field Services - 0.78%** |  |  |
| SLB Ltd. (2) | 3472  | 125825  |
| **Operative Builders - 0.24%** |  |  |
| Meritage Homes Corp.  | 530  | 38732  |
| **Perfumes, Cosmetics & Other Toilet Preparations - 0.72%** |  |  |
| Interparfums, Inc. (2) | 1426  | 115891  |
| **Petroleum Refining - 0.70%** |  |  |
| Equinor ASA | 4900  | 112259  |
| **Pharmaceutical Preparations - 1.81%** |  |  |
| Alkermes plc (2) | 4393  | 129945  |
| United Therapeutics Corp. (2) | 330  | 160380  |
|  |  | 290325  |
| **Plastic Materials, Synth Resins & Nonvulcan Elastomers - 0.81%** |  |  |
| Eastman Chemical Co. (2) | 2085  | 129437  |
| **Printed Circuit Boards - 1.71%** |  |  |
| Celestica, Inc. (2) | 225  | 77492  |
| CTS Corp. (2) | 2387  | 101042  |
| Plexus Corp. (2) | 668  | 95491  |
|  |  | 274025  |
| **Pumps & Pumping Equipment - 1.03%** |  |  |
| Graco, Inc. | 2007  | 165457  |
| **Radio Broadcasting Stations - 0.53%** |  |  |
| Nokia Corp. (2) | 13874  | 84354  |
| **Radio Telephone Commnications - 0.27%** |  |  |
| TELUS Corp. (2) | 3261  | 42882  |
| **Railroads, Line-Haul Operating - 0.92%** |  |  |
| Canadian Pacific Kansas City  | 2028  | 147172  |
| **Real Estate - 0.66%** |  |  |
| Innovative Industrial Properties, Inc. | 2132  | 105427  |
| **Real Estate Agents & Managers (For Others) - 1.02%** |  |  |
| Jones Lang Lasalle, Inc. (2) | 505  | 164473  |
| **Refuse Systems - 1.07%** |  |  |
| Waste Connections, Inc.  | 969  | 171077  |
| **Retail-Catalog & Mail-Order Houses - 0.80%** |  |  |
| Coupang, Inc. (2) | 4577  | 128888  |
| **Retail - Eating Places - 2.78%** |  |  |
| Chipotle Mexican Grill, Inc. (2) | 3589  | 123892  |
| Darden Restaurants, Inc.  | 948  | 170242  |
| Yum China Holdings, Inc. (China) (2) | 3153  | 151785  |
|  |  | 445920  |
| **Retail-Family Clothing Stores - 2.39%** |  |  |
| Abercrombie & Fitch Co. (2) | 2402  | 235084  |
| Ross Stores, Inc. (2) | 840  | 148142  |
|  |  | 383226  |
| **Retail - Grocery Stores - 0.68%** |  |  |
| Sprouts Farmers Market, Inc. (2) | 1308  | 109623  |
| **Retail-Home Furniture, Furnishings & Equipment Stores - 0.84%** |  |  |
| Williams-Sonoma, Inc. (2) | 746  | 134287  |
| **Retail - Jewelry Stores - 1.07%** |  |  |
| Signet Jewelers Ltd. (Bermuda)  | 1718  | 172075  |
| **Retail-Retail Stores, NEC - 0.98%** |  |  |
| JD.com, Inc. (2) | 5247  | 156518  |
| **Rolling Drawing & Extruding Of Nonferrous Metals - 1.25%** |  |  |
| Mueller Industries, Inc. (2) | 1830  | 201062  |
| **Rubber & Plastics Footwear - 0.79%** |  |  |
| Deckers Outdoor Corp. (2) | 1442  | 126939  |
| **Search, Detection, Navigation, Guidance, Aeronautical Sys - 1.74%** |  |  |
| Garmin Ltd. | 559  | 109184  |
| Nextpower, Inc. (2) | 1848  | 169314  |
|  |  | 278498  |
| **Security Brokers, Dealers & Flotation Companies - 0.79%** |  |  |
| Interactive Brokers Group, Inc.  | 1962  | 127569  |
| **Semiconductors & Related Devices - 1.48%** |  |  |
| Enphase Energy, Inc. (2) | 2158  | 62258  |
| ON Semiconductor Corp. (2) | 1530  | 76867  |
| Tower Semiconductor Ltd. (2) | 917  | 99137  |
|  |  | 238262  |
| **Semiconductors & Semiconductor Equipment - 0.48%** |  |  |
| Cirrus Logic, Inc.. | 635  | 76416  |
| **Services: Business Services - 0.93%** |  |  |
| PayPal Holdings, Inc.  | 2374  | 148826  |
| **Services - Computer Integrated Systems Design - 1.53%** |  |  |
| Leidos Holdings, Inc. | 849  | 162244  |
| OneSpan, Inc.  | 6769  | 82582  |
|  |  | 244826  |
| **Services-Computer Processing & Data Preparation - 1.80%** |  |  |
| Toast, Inc. (2) | 3895  | 133170  |
| Verisk Analytics, Inc. (2) | 689  | 155073  |
|  |  | 288243  |
| **Services - Computer Programming Services - 1.02%** |  |  |
| Everquote, Inc.  | 2370  | 62544  |
| Zoom Communications, Inc. (2) | 1182  | 100423  |
|  |  | 162967  |
| **Services-Management Consulting Services - 0.63%** |  |  |
| The Hackett Group, Inc. (2) | 5437  | 100421  |
| **Services - Prepackaged Software - 2.75%** |  |  |
| Docusign, Inc. (2) | 1405  | 97437  |
| Nice Ltd. (2) | 757  | 80295  |
| Procore Technologies, Inc. (2) | 978  | 72431  |
| Sprinklr, Inc. Class A (2) | 13732  | 99282  |
| Veeva Systems, Inc. (2) | 384  | 92271  |
|  |  | 441716  |
| **Software & Services - 2.59%** |  |  |
| A10 Networks, Inc.  | 5515  | 94968  |
| Amdocs Ltd. (2) | 1021  | 78086  |
| Dolby Laboratories, Inc. Class A (2) | 1415  | 95442  |
| PagSeguro Digital Ltd. Class A (2) | 14042  | 147160  |
|  |  | 415656  |
| **Sporting & Athletic Goods, NEC - 2.14%** |  |  |
| Acushnet Holdings Corp.  | 1666  | 140111  |
| YETI Holdings, Inc. (2) | 4889  | 202796  |
|  |  | 342906  |
| **State Commercial Banks - 0.89%** |  |  |
| Fifth Third Bancorp (2) | 3302  | 143505  |
| **Steel Works, Blast Furnaces & Rolling & Finishing Mills - 1.14%** |  |  |
| Worthington Enterprises, Inc. (2) | 5419  | 182891  |
| **Surgical & Medical Instruments & Apparatus - 1.46%** |  |  |
| Resmed, Inc.  | 1099  | 125748  |
| Teleflex, Inc. (2) | 427  | 109239  |
|  |  | 234987  |
| **Tobacco - 0.77%** |  |  |
| Turning Point Brands, Inc. (2) | 1235  | 123698  |
| **Transportation - 1.39%** |  |  |
| Landstar System, Inc. | 1709  | 223606  |
| **Transportation Services - 1.01%** |  |  |
| Expedia Group, Inc.  | 635  | 162363  |
| **Water Supply - 0.85%** |  |  |
| American States Water Co. (2) | 1857  | 136991  |
| **Water Transportation - 1.23%** |  |  |
| Matson, Inc. (2) | 1806  | 196818  |
| Total Common Stock | (Cost $14,072,365) | 15082631  |
| **Real Estate Investment Trusts - 5.40%** |  |  |
| Cubesmart | 3916  | 145793  |
| Gaming and Leisure Properties | 3407  | 148307  |
| Kilroy Realty Corp. | 3608  | 154747  |
| Mid-America Apartment Communities, Inc. | 887  | 120534  |
| NNN REIT, Inc. | 3694  | 152747  |
| W.P. Carey, Inc.  | 2153  | 145048  |
| Total Real Estate Investment Trusts | (Cost $846,435) | 867175  |
| **Money Market Registered Investment Companies - 0.65%** | **Money Market Registered Investment Companies - 0.65%** | **Money Market Registered Investment Companies - 0.65%** |
| Federated Hermes Government Obligations Fund - Institutional Class - 3.82% (3) | 104191  | 104191  |
| Total Money Market Registered Investment Companies | (Cost $104,191) | 104191  |
| **Total Investments - 100.02%** | (Cost $15,022,992) | 16053998  |
| Liabilities Less Other Assets - (0.02%) |  | (3794) |
| Total Net Assets - 100.00% |  | 16050204  |
| (1) ***Statement on Financial Accounting Standard No. 157 "Fair Value Measurements"*** - Various inputs are used in determining the value of the Fund's investments. | (1) ***Statement on Financial Accounting Standard No. 157 "Fair Value Measurements"*** - Various inputs are used in determining the value of the Fund's investments. | (1) ***Statement on Financial Accounting Standard No. 157 "Fair Value Measurements"*** - Various inputs are used in determining the value of the Fund's investments. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;These inputs are summarized in the three broad levels listed below. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;These inputs are summarized in the three broad levels listed below. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;These inputs are summarized in the three broad levels listed below. |
| • Level 1 - quoted prices in active markets for identical securities | • Level 1 - quoted prices in active markets for identical securities | • Level 1 - quoted prices in active markets for identical securities |
| • Level 2 - other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.) | • Level 2 - other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.) | • Level 2 - other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.) |
| • Level 3 - significant unobservable inputs (including the Fund's own assumptions in determining the fair value of investments) | • Level 3 - significant unobservable inputs (including the Fund's own assumptions in determining the fair value of investments) | • Level 3 - significant unobservable inputs (including the Fund's own assumptions in determining the fair value of investments) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following is a summary of the inputs used as of November 30, 2025 in valuing the Fund's assets carried at fair value: | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following is a summary of the inputs used as of November 30, 2025 in valuing the Fund's assets carried at fair value: | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following is a summary of the inputs used as of November 30, 2025 in valuing the Fund's assets carried at fair value: |
|  | Investments in  | Other Financial |
| Valuation Inputs | Securities | Instruments |
| Level 1 - Quoted Prices | $16053998 | $- |
| Level 2 - Other Significant Observable Inputs | - | - |
| Level 3 - Significant Unobservable Inputs | - | - |
| Total | $16053998 | $- |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. For example, short-term | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. For example, short-term | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. For example, short-term |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Company Act of 1940. Generally, amortized cost approximates the current fair value of a security, but since the value is not obtained from a quoted price in an active | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Company Act of 1940. Generally, amortized cost approximates the current fair value of a security, but since the value is not obtained from a quoted price in an active | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Company Act of 1940. Generally, amortized cost approximates the current fair value of a security, but since the value is not obtained from a quoted price in an active |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;market, such securities are reflected as Level 2. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;market, such securities are reflected as Level 2. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;market, such securities are reflected as Level 2. |
| (2) Represents non-income producing securities. | (2) Represents non-income producing securities. | (2) Represents non-income producing securities. |
| (3) Variable rate security; the coupon rate shown represents the yield at November 30, 2025. | (3) Variable rate security; the coupon rate shown represents the yield at November 30, 2025. | (3) Variable rate security; the coupon rate shown represents the yield at November 30, 2025. |
| PLC - Public Limited Company |  |  |

---

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Monteagle Funds

- **b. Investment Company Act file number:** 811-08529

- **c. CIK number of Registrant:** 0001045701

- **d. LEI of Registrant:** 5493009CWKBRMKVZD520

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

  - **Street Address 1:** 2728 19th Place South, Suite 160

  - **City:** Homewood

  - **State:** AL

  - **Foreign country:** US

  - **Zip / Postal Code:** 35209

  - **Telephone number:** 888-263-5593

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

- **a. Name of Series:** Monteagle Opportunity Equity Fund

- **b. EDGAR series identifier (if any):** S000065162

- **c. LEI of Series:** 549300167RIUCJEKTO52

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

- **a. Date of fiscal year-end:** 2026-08-31

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $16072438.70

**Total Liabilities:** $22235.00

**Net Assets:** $16050203.70

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000210931 | 0.00%                | -1.77%               | 2.00%                |
| Class ID C000210932 | 0.00%                | -1.72%               | 2.10%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $-18963.58                                 |
| Month 2  | $119509.73               | $-422837.51                                |
| Month 3  | $58977.14                | $260037.98                                 |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| A.O. Smith Corp.                                | A.O. Smith Corp.                                                   | CUSIP: 831865209<br>LEI: 549300XG4US7UJNECY36 | Long             | EC               | CORP              | US        |      2977 | NS      | $196422.46    | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| A10 Networks, Inc.                              | A10 Networks, Inc.                                                 | CUSIP: 002121101<br>LEI: 549300UQD4IWUML81Q35 | Long             | EC               | CORP              | US        |      5515 | NS      | $94968.30     | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Abercrombie & Fitch Co.                         | Abercrombie & Fitch Co.                                            | CUSIP: 002896207<br>LEI: 5493000J7LL72TOGT983 | Long             | EC               | CORP              | US        |      2402 | NS      | $235083.74    | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Acushnet Holdings Corp.                         | Acushnet Holdings Corp.                                            | CUSIP: 005098108<br>LEI: 529900W5FI106H543E43 | Long             | EC               | CORP              | US        |      1666 | NS      | $140110.60    | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Agnico Eagle Mines Ltd.                         | Agnico Eagle Mines Ltd. (Canada)                                   | CUSIP: 008474108<br>LEI: YGE0EUBRF7IJOB3QRX76 | Long             | EC               | CORP              | CA        |       699 | NS      | $121926.57    | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Alkermes plc                                    | Alkermes plc                                                       | CUSIP: G01767105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4393 | NS      | $129944.94    | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Amdocs Ltd.                                     | Amdocs Ltd.                                                        | CUSIP: G02602103<br>LEI: N/A                  | Long             | EC               | CORP              | GG        |      1021 | NS      | $78086.08     | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| American States Water Co.                       | American States Water Co.                                          | CUSIP: 029899101<br>LEI: 529900L26LIS2V8PWM23 | Long             | EC               | CORP              | US        |      1857 | NS      | $136990.89    | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Archrock, Inc.                                  | Archrock, Inc.                                                     | CUSIP: 03957W106<br>LEI: 549300K3RIHMHDVFTL28 | Long             | EC               | CORP              | US        |      3864 | NS      | $94822.56     | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Avery Dennison Corp.                            | Avery Dennison Corp.                                               | CUSIP: 053611109<br>LEI: 549300PW7VPFCYKLIV37 | Long             | EC               | CORP              | US        |       722 | NS      | $124451.14    | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Axis Capital Holdings Ltd.                      | Axis Capital Holdings Ltd.                                         | CUSIP: G0692U109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1843 | NS      | $188428.32    | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank OZK                                        | Bank OZK                                                           | CUSIP: 06417N103<br>LEI: 549300VYK2WBD7SST478 | Long             | EC               | CORP              | US        |      2633 | NS      | $121170.66    | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Black Hills Corp.                               | Black Hills Corp.                                                  | CUSIP: 092113109<br>LEI: 3MGELCRSTNSAMJ962671 | Long             | EC               | CORP              | US        |      2031 | NS      | $149867.49    | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Brady Corp.                                     | Brady Corp. Class A                                                | CUSIP: 104674106<br>LEI: 549300G2LEQOFQC8GY34 | Long             | EC               | CORP              | US        |      2571 | NS      | $201155.04    | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| C.H. Robinson Worldwide, Inc.                   | C.H. Robinson Worldwide, Inc.                                      | CUSIP: 12541W209<br>LEI: 529900WNWN5L0OVDHA79 | Long             | EC               | CORP              | US        |      1314 | NS      | $208755.18    | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Cal-Maine Foods, Inc.                           | Cal-Maine Foods, Inc.                                              | CUSIP: 128030202<br>LEI: 549300NHE5WMIEIEMF53 | Long             | EC               | CORP              | US        |      1827 | NS      | $152225.64    | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Canadian Pacific Kansas City Ltd.               | Canadian Pacific Kansas City Ltd.                                  | CUSIP: 13646K108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2028 | NS      | $147171.96    | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Cboe Global Markets, Inc.                       | Cboe Global Markets, Inc.                                          | CUSIP: 12503M108<br>LEI: 529900RLNSGA90UPEH54 | Long             | EC               | CORP              | US        |       526 | NS      | $135797.42    | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Celestica, Inc.                                 | Celestica, Inc.                                                    | CUSIP: 15101Q207<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       225 | NS      | $77492.25     | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Chipotle Mexican Grill, Inc.                    | Chipotle Mexican Grill, Inc.                                       | CUSIP: 169656105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3589 | NS      | $123892.28    | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Cirrus Logic, Inc.                              | Cirrus Logic, Inc.                                                 | CUSIP: 172755100<br>LEI: 549300NKSJEM5ZZSSV18 | Long             | EC               | CORP              | US        |       635 | NS      | $76415.90     | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Copart, Inc.                                    | Copart, Inc.                                                       | CUSIP: 217204106<br>LEI: 549300KVYX3JWMYEHU61 | Long             | EC               | CORP              | US        |      3774 | NS      | $147110.52    | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Coupang, Inc.                                   | Coupang, Inc. Class A                                              | CUSIP: 22266T109<br>LEI: 549300XR4L1D80AK4W76 | Long             | EC               | CORP              | US        |      4577 | NS      | $128888.32    | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| CTS Corp.                                       | CTS Corp.                                                          | CUSIP: 126501105<br>LEI: 549300YV1HQLBVHOI649 | Long             | EC               | CORP              | US        |      2387 | NS      | $101041.71    | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Cubesmart                                       | Cubesmart                                                          | CUSIP: 229663109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3916 | NS      | $145792.68    | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Cullen/Frost Bankers, Inc.                      | Cullen/Frost Bankers, Inc.                                         | CUSIP: 229899109<br>LEI: 529900V2E9G9AY665O34 | Long             | EC               | CORP              | US        |      1136 | NS      | $140545.92    | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Darden Restaurants, Inc.                        | Darden Restaurants, Inc.                                           | CUSIP: 237194105<br>LEI: CY1NFSCCB5GUXC7WZC70 | Long             | EC               | CORP              | US        |       948 | NS      | $170241.84    | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Deckers Outdoor Corp.                           | Deckers Outdoor Corp.                                              | CUSIP: 243537107<br>LEI: 5493008LG4W3I6K8J118 | Long             | EC               | CORP              | US        |      1442 | NS      | $126939.26    | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Docusign, Inc.                                  | Docusign, Inc.                                                     | CUSIP: 256163106<br>LEI: 549300Q7PVDWRZ39JG09 | Long             | EC               | CORP              | US        |      1405 | NS      | $97436.75     | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Dolby Laboratories, Inc.                        | Dolby Laboratories, Inc. Class A                                   | CUSIP: 25659T107<br>LEI: 549300X04FB2QPCJ5J24 | Long             | EC               | CORP              | US        |      1415 | NS      | $95441.75     | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| EMCOR Group, Inc.                               | EMCOR Group, Inc.                                                  | CUSIP: 29084Q100<br>LEI: 529900X0SQJB2J7YDU43 | Long             | EC               | CORP              | US        |       217 | NS      | $133470.19    | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Eastman Chemical Co.                            | Eastman Chemical Co.                                               | CUSIP: 277432100<br>LEI: FDPVHDGJ1IQZFK9KH630 | Long             | EC               | CORP              | US        |      2085 | NS      | $129436.80    | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Elevance Health, Inc.                           | Elevance Health, Inc.                                              | CUSIP: 036752103<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | EC               | CORP              | US        |       438 | NS      | $148157.88    | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Enphase Energy, Inc.                            | Enphase Energy, Inc.                                               | CUSIP: 29355A107<br>LEI: 5493008U7KIGMI59Z314 | Long             | EC               | CORP              | US        |      2158 | NS      | $62258.30     | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Equinor ASA                                     | Equinor ASA                                                        | CUSIP: 29446M102<br>LEI: OW6OFBNCKXC4US5C7523 | Long             | EC               | CORP              | US        |      4900 | NS      | $112259.00    | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Evercore, Inc.                                  | Evercore, Inc. Class A                                             | CUSIP: 29977A105<br>LEI: 529900P6KLPT95DW3W58 | Long             | EC               | CORP              | US        |       432 | NS      | $138270.24    | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Everquote, Inc.                                 | Everquote, Inc. Class A                                            | CUSIP: 30041R108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2370 | NS      | $62544.30     | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Expedia Group, Inc.                             | Expedia Group, Inc.                                                | CUSIP: 30212P303<br>LEI: CI7MUJI4USF3V0NJ1H64 | Long             | EC               | CORP              | US        |       635 | NS      | $162363.15    | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Federated Hermes Money Market Obligations Trust | Federated Hermes Government Obligations Fund - Institutional Class | CUSIP: 60934N104<br>LEI: 25490005VWJDWX717014 | Long             | STIV             | RF                | US        |    104191 | NS      | $104191.36    | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Fifth Third Bancorp                             | Fifth Third Bancorp                                                | CUSIP: 316773100<br>LEI: THRNG6BD57P9QWTQLG42 | Long             | EC               | CORP              | US        |      3302 | NS      | $143504.92    | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Fluor Corp.                                     | Fluor Corp.                                                        | CUSIP: 343412102<br>LEI: CQ7WZ4NOFWT7FAE6Q943 | Long             | EC               | CORP              | US        |      4214 | NS      | $180907.02    | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Fortinet, Inc.                                  | Fortinet, Inc.                                                     | CUSIP: 34959E109<br>LEI: 549300O0QJWDBAS0QX03 | Long             | EC               | CORP              | US        |       972 | NS      | $78858.36     | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Fortive Corp.                                   | Fortive Corp.                                                      | CUSIP: 34959J108<br>LEI: 549300MU9YQJYHDQEF63 | Long             | EC               | CORP              | US        |      3154 | NS      | $168675.92    | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Graco, Inc.                                     | Graco, Inc.                                                        | CUSIP: 384109104<br>LEI: 4T5VJ4S81BRT6Q7GGT78 | Long             | EC               | CORP              | US        |      2007 | NS      | $165457.08    | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Gaming & Leisure Properties, Inc.               | Gaming & Leisure Properties, Inc.                                  | CUSIP: 36467J108<br>LEI: 5493006GWRDBCZYWTM57 | Long             | EC               | CORP              | US        |      3407 | NS      | $148306.71    | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Garmin Ltd.                                     | Garmin Ltd.                                                        | CUSIP: H2906T109<br>LEI: 2549001E0HIPIJQ0W046 | Long             | EC               | CORP              | US        |       559 | NS      | $109183.88    | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Hubbell, Inc.                                   | Hubbell, Inc.                                                      | CUSIP: 443510607<br>LEI: 54930088VDQ6840Y6597 | Long             | EC               | CORP              | US        |       407 | NS      | $175592.01    | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| InterParfums, Inc.                              | InterParfums, Inc.                                                 | CUSIP: 458334109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1426 | NS      | $115891.02    | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Idexx Laboratories, Inc.                        | Idexx Laboratories, Inc.                                           | CUSIP: 45168D104<br>LEI: OGMTXK0LUU1HKV2P0J84 | Long             | EC               | CORP              | US        |       167 | NS      | $125730.96    | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| InMode Ltd.                                     | InMode Ltd.                                                        | CUSIP: M5425M103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      9633 | NS      | $137270.25    | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Ingredion, Inc.                                 | Ingredion, Inc.                                                    | CUSIP: 457187102<br>LEI: PKSTQ48QDN0XSVS7YK88 | Long             | EC               | CORP              | US        |      1391 | NS      | $149588.14    | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Innovative Industrial Properties, Inc.          | Innovative Industrial Properties, Inc.                             | CUSIP: 45781V101<br>LEI: 5493008BQ0545EZXRR30 | Long             | EC               | CORP              | US        |      2132 | NS      | $105427.40    | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Interactive Brokers Group, Inc.                 | Interactive Brokers Group, Inc.                                    | CUSIP: 45841N107<br>LEI: 5493004DT6DCDUZNDM53 | Long             | EC               | CORP              | US        |      1962 | NS      | $127569.24    | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| JD.com, Inc.                                    | JD.com, Inc.                                                       | CUSIP: 47215P106<br>LEI: 549300HVTWB0GJZ16V92 | Long             | EC               | CORP              | US        |      5247 | NS      | $156518.01    | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Jones Lang Lasalle, Inc.                        | Jones Lang Lasalle, Inc.                                           | CUSIP: 48020Q107<br>LEI: 6SYKCME112RT8TQUO411 | Long             | EC               | CORP              | US        |       505 | NS      | $164473.45    | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Kilroy Realty Corp.                             | Kilroy Realty Corp.                                                | CUSIP: 49427F108<br>LEI: 549300CXXI18B214UN80 | Long             | EC               | CORP              | US        |      3608 | NS      | $154747.12    | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Landstar System, Inc.                           | Landstar System, Inc.                                              | CUSIP: 515098101<br>LEI: 254900CUQXQRL09MEI52 | Long             | EC               | CORP              | US        |      1709 | NS      | $223605.56    | 1.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Leidos Holdings, Inc.                           | Leidos Holdings, Inc.                                              | CUSIP: 525327102<br>LEI: 549300IUTGTP6EJP8124 | Long             | EC               | CORP              | US        |       849 | NS      | $162243.90    | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Masco Corp.                                     | Masco Corp.                                                        | CUSIP: 574599106<br>LEI: 5GCSNMQXHEYA1JO8QN11 | Long             | EC               | CORP              | US        |      2448 | NS      | $158801.76    | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Matson, Inc.                                    | Matson, Inc.                                                       | CUSIP: 57686G105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1806 | NS      | $196817.88    | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Meritage Homes Corp.                            | Meritage Homes Corp.                                               | CUSIP: 59001A102<br>LEI: 52990044W9UMFJO2FB97 | Long             | EC               | CORP              | US        |       530 | NS      | $38732.40     | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Mid-America Apartment Communities, Inc.         | Mid-America Apartment Communities, Inc.                            | CUSIP: 59522J103<br>LEI: 549300FQZKFR5YNSHZ21 | Long             | EC               | CORP              | US        |       887 | NS      | $120534.43    | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Moelis & Co.                                    | Moelis & Co. Class A                                               | CUSIP: 60786M105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2464 | NS      | $158114.88    | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Molson Coors Beverage Co.                       | Molson Coors Beverage Co.                                          | CUSIP: 60871R209<br>LEI: 54930073LBBH6ZCBE225 | Long             | EC               | CORP              | US        |      2661 | NS      | $123763.11    | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Mueller Industries, Inc.                        | Mueller Industries, Inc.                                           | CUSIP: 624756102<br>LEI: 5493005IZFE4VJLLYG84 | Long             | EC               | CORP              | US        |      1830 | NS      | $201062.10    | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| National Retail Properties, Inc.                | National Retail Properties, Inc.                                   | CUSIP: 637417106<br>LEI: 5493008JKH5SOTI0JS97 | Long             | EC               | CORP              | US        |      3694 | NS      | $152746.90    | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| National Fuel Gas Co.                           | National Fuel Gas Co.                                              | CUSIP: 636180101<br>LEI: 8JB38FFW1Y3C1HM8E841 | Long             | EC               | CORP              | US        |      1568 | NS      | $129281.60    | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Nextracker, Inc.                                | Nextracker, Inc.Class A                                            | CUSIP: 65290E101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1848 | NS      | $169313.76    | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Nice Ltd                                        | Nice Ltd.                                                          | CUSIP: 653656108<br>LEI: 254900YTY4EF5Z4W0A51 | Long             | EC               | CORP              | US        |       757 | NS      | $80294.99     | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Nokia Corp.                                     | Nokia Corp.                                                        | CUSIP: 654902204<br>LEI: 549300A0JPRWG1KI7U06 | Long             | EC               | CORP              | US        |     13874 | NS      | $84353.92     | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| OGE Energy Corp.                                | OGE Energy Corp.                                                   | CUSIP: 670837103<br>LEI: CE5OG6JPOZMDSA0LAQ19 | Long             | EC               | CORP              | US        |      3107 | NS      | $142238.46    | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| On Semiconductor Corp.                          | On Semiconductor Corp.                                             | CUSIP: 682189105<br>LEI: ZV20P4CNJVT8V1ZGJ064 | Long             | EC               | CORP              | US        |      1530 | NS      | $76867.20     | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Onespan, Inc.                                   | Onespan, Inc.                                                      | CUSIP: 68287N100<br>LEI: 549300D67QDZG593UX89 | Long             | EC               | CORP              | US        |      6769 | NS      | $82581.80     | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Otter Tail Corp.                                | Otter Tail Corp.                                                   | CUSIP: 689648103<br>LEI: 549300HHVBQRQUVKKD91 | Long             | EC               | CORP              | US        |      2037 | NS      | $167441.40    | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Ovintiv, Inc.                                   | Ovintiv, Inc.                                                      | CUSIP: 69047Q102<br>LEI: CZ72ZHBVKZXQRV3XFE26 | Long             | EC               | CORP              | US        |      3304 | NS      | $135331.84    | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| The PNC Financial Services Group, Inc.          | The PNC Financial Services Group, Inc.                             | CUSIP: 693475105<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | EC               | CORP              | US        |       752 | NS      | $143421.44    | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| PagSeguro Digital Ltd.                          | PagSeguro Digital Ltd. Class A                                     | CUSIP: G68707101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     14042 | NS      | $147160.16    | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Paypal Holdings, Inc.                           | Paypal Holdings, Inc.                                              | CUSIP: 70450Y103<br>LEI: 5493005X2GO78EFZ3E94 | Long             | EC               | CORP              | US        |      2374 | NS      | $148826.06    | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Permian Resources Corp.                         | Permian Resources Corp.                                            | CUSIP: 71424F105<br>LEI: 529900NXUJPOKU7OJ511 | Long             | EC               | CORP              | US        |     10266 | NS      | $148754.34    | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Plexus Corp.                                    | Plexus Corp.                                                       | CUSIP: 729132100<br>LEI: 549300W7HCBI5YT25I79 | Long             | EC               | CORP              | US        |       668 | NS      | $95490.60     | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Procore Technologies, Inc.                      | Procore Technologies, Inc.                                         | CUSIP: 74275K108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       978 | NS      | $72430.68     | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| PulteGroup, Inc.                                | PulteGroup, Inc.                                                   | CUSIP: 745867101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1150 | NS      | $146268.50    | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Rev Group, Inc.                                 | Rev Group, Inc.                                                    | CUSIP: 749527107<br>LEI: 549300SRD0SIG5ZZ3X20 | Long             | EC               | CORP              | US        |      3353 | NS      | $178614.31    | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Renaissancere Holdings Ltd.                     | Renaissancere Holdings Ltd.                                        | CUSIP: G7496G103<br>LEI: EK6GB9U3U58PDI411C94 | Long             | EC               | CORP              | US        |       673 | NS      | $175767.41    | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Resmed, Inc.                                    | Resmed, Inc.                                                       | CUSIP: 761152107<br>LEI: 529900T3QE5253CCXF22 | Long             | EC               | CORP              | US        |       427 | NS      | $109239.41    | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Ross Stores, Inc.                               | Ross Stores, Inc.                                                  | CUSIP: 778296103<br>LEI: 549300ENZFLPGRDFZQ60 | Long             | EC               | CORP              | US        |       840 | NS      | $148142.40    | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Royal Gold, Inc.                                | Royal Gold, Inc.                                                   | CUSIP: 780287108<br>LEI: 5493001NGRU6SFL04184 | Long             | EC               | CORP              | US        |       627 | NS      | $127807.68    | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Schlumberger Ltd.                               | Schlumberger Ltd.                                                  | CUSIP: 806857108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3472 | NS      | $125825.28    | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Signet Jewelers Ltd.                            | Signet Jewelers Ltd.                                               | CUSIP: G81276100<br>LEI: 549300N3XPGE91WV7M22 | Long             | EC               | CORP              | US        |      1718 | NS      | $172074.88    | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Sprinklr, Inc.                                  | Sprinklr, Inc. Class A                                             | CUSIP: 85208T107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     13732 | NS      | $99282.36     | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Sprouts Farmers Market, Inc.                    | Sprouts Farmers Market, Inc.                                       | CUSIP: 85208M102<br>LEI: 529900P8F4G77Q52XE24 | Long             | EC               | CORP              | US        |      1308 | NS      | $109623.48    | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| T. Rowe Price Group, Inc.                       | T. Rowe Price Group, Inc.                                          | CUSIP: 74144T108<br>LEI: 549300SIV6FPS9Y7IH33 | Long             | EC               | CORP              | US        |      1709 | NS      | $174967.42    | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Telus Corp.                                     | Telus Corp.                                                        | CUSIP: 87971M103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3261 | NS      | $42882.15     | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Teleflex, Inc.                                  | Teleflex, Inc.                                                     | CUSIP: 879369106<br>LEI: UUL85LWXB4NGSWWXIQ25 | Long             | EC               | CORP              | US        |      1099 | NS      | $125747.58    | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Teradyne, Inc.                                  | Teradyne, Inc.                                                     | CUSIP: 880770102<br>LEI: C3X4YJ278QNZHRJULN75 | Long             | EC               | CORP              | US        |       433 | NS      | $78758.37     | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| The Carlyle Group, Inc.                         | The Carlyle Group, Inc.                                            | CUSIP: 14316J108<br>LEI: 529900NGGVF94UK6PG95 | Long             | EC               | CORP              | US        |      2369 | NS      | $129181.57    | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| The Cigna Corp.                                 | The Cigna Corp.                                                    | CUSIP: 125523100<br>LEI: 549300VIWYMSIGT1U456 | Long             | EC               | CORP              | US        |       453 | NS      | $125607.84    | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| The Hackett Group, Inc.                         | The Hackett Group, Inc.                                            | CUSIP: 404609109<br>LEI: 5K016KLIRB6156644289 | Long             | EC               | CORP              | US        |      5437 | NS      | $100421.39    | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| The Hartford Financial Services Group, Inc.     | The Hartford Insurance Group, Inc.                                 | CUSIP: 416515104<br>LEI: IU7C3FTM7Y3BQM112U94 | Long             | EC               | CORP              | US        |      1350 | NS      | $184990.50    | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| The Travelers Cos., Inc.                        | The Travelers Cos., Inc.                                           | CUSIP: 89417E109<br>LEI: 549300Y650407RU8B149 | Long             | EC               | CORP              | US        |       610 | NS      | $178644.60    | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Toast, Inc.                                     | Toast, Inc. Class A                                                | CUSIP: 888787108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3895 | NS      | $133170.05    | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Torm plc                                        | Torm plc Class A                                                   | CUSIP: G89479102<br>LEI: 213800VL1H1ABVM1ZF63 | Long             | EC               | CORP              | US        |      5475 | NS      | $117219.75    | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Toro Co.                                        | Toro Co.                                                           | CUSIP: 891092108<br>LEI: YJKE4YIT6BWQHVEW0D14 | Long             | EC               | CORP              | US        |      2171 | NS      | $151405.54    | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Tower Semiconductor Ltd                         | Tower Semiconductor Ltd.                                           | CUSIP: M87915274<br>LEI: 54930086ZSNXZOUX0C54 | Long             | EC               | CORP              | US        |       917 | NS      | $99136.87     | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Turning Point Brands, Inc.                      | Turning Point Brands, Inc.                                         | CUSIP: 90041L105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1235 | NS      | $123697.60    | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| U.S. Bancorp                                    | U.S. Bancorp                                                       | CUSIP: 902973304<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | EC               | CORP              | US        |      2838 | NS      | $139203.90    | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| United Therapeutics Corp.                       | United Therapeutics Corp.                                          | CUSIP: 91307C102<br>LEI: 5299005C4HZL4UWROC14 | Long             | EC               | CORP              | US        |       330 | NS      | $160380.00    | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Universal Health Services, Inc.                 | Universal Health Services, Inc. Class B                            | CUSIP: 913903100<br>LEI: 549300YGMGQDO0NMJD09 | Long             | EC               | CORP              | US        |       615 | NS      | $149832.45    | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Veeva Systems, Inc.                             | Veeva Systems, Inc. Class A                                        | CUSIP: 922475108<br>LEI: 549300YZEXPDB92M2F02 | Long             | EC               | CORP              | US        |       384 | NS      | $92271.36     | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Verisk Analytics, Inc.                          | Verisk Analytics, Inc.                                             | CUSIP: 92345Y106<br>LEI: 549300I1YSWNIRKBWP67 | Long             | EC               | CORP              | US        |       689 | NS      | $155073.23    | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Visteon Corp.                                   | Visteon Corp.                                                      | CUSIP: 92839U206<br>LEI: 549300MOVLYHRW4GGW78 | Long             | EC               | CORP              | US        |      1537 | NS      | $158695.25    | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| W.P. Carey, Inc.                                | W.P. Carey, Inc.                                                   | CUSIP: 92936U109<br>LEI: 54930042CRNE713E3Q67 | Long             | EC               | CORP              | US        |      2153 | NS      | $145047.61    | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Warner Music Group Corp.                        | Warner Music Group Corp. Class A                                   | CUSIP: 934550203<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1497 | NS      | $42275.28     | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Waste Connections, Inc.                         | Waste Connections, Inc.                                            | CUSIP: 94106B101<br>LEI: 549300HDLRTPBQU69P29 | Long             | EC               | CORP              | US        |       969 | NS      | $171076.95    | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Williams-Sonoma, Inc.                           | Williams-Sonoma, Inc.                                              | CUSIP: 969904101<br>LEI: 549300IARG6YWVTZ1I92 | Long             | EC               | CORP              | US        |       746 | NS      | $134287.46    | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Worthington Steel, Inc.                         | Worthington Steel, Inc.                                            | CUSIP: 982104101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5419 | NS      | $182891.25    | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Yeti Holdings, Inc.                             | Yeti Holdings, Inc.                                                | CUSIP: 98585X104<br>LEI: 549300DSQICIGNT5GO63 | Long             | EC               | CORP              | US        |      4889 | NS      | $202795.72    | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Yum China Holdings, Inc.                        | Yum China Holdings, Inc. (China)                                   | CUSIP: 98850P109<br>LEI: 529900DO9BYZ7VA3K502 | Long             | EC               | CORP              | US        |      3153 | NS      | $151785.42    | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Zoom Video Communications, Inc.                 | Zoom Video Communications, Inc.                                    | CUSIP: 98980L101<br>LEI: 549300T9GCHU0ODOM055 | Long             | EC               | CORP              | US        |      1182 | NS      | $100422.72    | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-11-28

**Name of Applicant:** Monteagle Funds

**Signature:** /s/ Paul B. Ordonio

**Name of Signer:** Paul B. Ordonio

**Title:** President and Principal Executive Officer