# EDGAR Filing Document

**Accession Number:** 0000773757
**File Stem:** 0001193125-25-214224
**Filing Date:** 2025-9
**Character Count:** 353179
**Document Hash:** ac3aa836b00c23a29340232a2930d711
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-25-214224.hdr.sgml**: 20250924

**ACCESSION NUMBER**: 0001193125-25-214224

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 3

**CONFORMED PERIOD OF REPORT**: 20250731

**FILED AS OF DATE**: 20250924

**DATE AS OF CHANGE**: 20250924

**PERIOD START**: 20260430

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** COLUMBIA FUNDS SERIES TRUST I
- **CENTRAL INDEX KEY:** 0000773757

**ORGANIZATION NAME:**
- **EIN:** 363376651
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 0630

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-04367
- **FILM NUMBER:** 251335396

**BUSINESS ADDRESS:**
- **STREET 1:** 290 CONGRESS STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02210
- **BUSINESS PHONE:** 800-345-6611

**MAIL ADDRESS:**
- **STREET 1:** 290 CONGRESS STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02210

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** COLUMBIA FUNDS TRUST IX
- **DATE OF NAME CHANGE:** 20031107

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** LIBERTY STEIN ROE FUNDS MUNICIPAL TRUST
- **DATE OF NAME CHANGE:** 19991025

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** STEINROE MUNICIPAL TRUST
- **DATE OF NAME CHANGE:** 19920703

## Series and Classes Contracts Data

### Multi-Manager Directional Alternative Strategies Fund (Series ID: S000055250)

| Class ID   | Class Name                                                                | Ticker Symbol   |
|:---|:---|:---|
| C000179758 | Multi-Manager Directional Alternative Strategies Fund Institutional Class | CDAZX           |

## Nport-Ex

![](imgee90e98e1.jpg)

Multi-Manager Directional Alternative Strategies Fund

**First Quarter Report**

July 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Not FDIC or NCUA Insured** | **No Financial Institution Guarantee** | **May Lose Value** |

---

------

Portfolio of Investments

Multi-Manager Directional Alternative Strategies Fund, July 31, 2025 (Unaudited)

(Percentages represent value of investments compared to net assets)

**Investments in securities**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Common Stocks 62.6%** | **Common Stocks 62.6%** | **Common Stocks 62.6%** |
| **Issuer** | **Shares** | **Value ($)** |
| **Communication Services 4.6%** | **Communication Services 4.6%** | **Communication Services 4.6%** |
| **Diversified Telecommunication Services 0.2%** | **Diversified Telecommunication Services 0.2%** | **Diversified Telecommunication Services 0.2%** |
| Deutsche Telekom AG, Registered Shares | &nbsp;&nbsp; 10852 | &nbsp;&nbsp; 389217 |
| GCI Liberty, Inc., Class C<sup>(a)</sup> <br>| &nbsp;&nbsp; 1473 | &nbsp;&nbsp; 48957 |
| Total |  | &nbsp;&nbsp; 438174 |
| **Entertainment 1.3%** | **Entertainment 1.3%** | **Entertainment 1.3%** |
| Spotify Technology SA<sup>(a),(b)</sup> <br>| &nbsp;&nbsp; 4957 | &nbsp;&nbsp; 3105759 |
| Walt Disney Co. (The) | &nbsp;&nbsp; 5922 | &nbsp;&nbsp; 705369 |
| Total |  | &nbsp;&nbsp; 3811128 |
| **Interactive Media & Services 0.4%** | **Interactive Media & Services 0.4%** | **Interactive Media & Services 0.4%** |
| Alphabet, Inc., Class A<sup>(b)</sup> <br>| &nbsp;&nbsp; 6414 | &nbsp;&nbsp; 1230847 |
| **Media 2.6%** | **Media 2.6%** | **Media 2.6%** |
| Informa PLC | &nbsp;&nbsp; 54751 | &nbsp;&nbsp; 626080 |
| MNTN, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 74780 | &nbsp;&nbsp; 2105805 |
| Omnicom Group, Inc. | &nbsp;&nbsp; 6870 | &nbsp;&nbsp; 494983 |
| Trade Desk, Inc. (The), Class A<sup>(a),(b)</sup> <br>| &nbsp;&nbsp; 49062 | &nbsp;&nbsp; 4266432 |
| Total |  | &nbsp;&nbsp; 7493300 |
| **Wireless Telecommunication Services 0.1%** | **Wireless Telecommunication Services 0.1%** | **Wireless Telecommunication Services 0.1%** |
| T-Mobile US, Inc.<sup>(b)</sup> <br>| &nbsp;&nbsp; 1677 | &nbsp;&nbsp; 399813 |
| **Total Communication Services** | **Total Communication Services** | &nbsp;&nbsp; **13373262** |
| **Consumer Discretionary 3.8%** | **Consumer Discretionary 3.8%** | **Consumer Discretionary 3.8%** |
| **Automobile Components 0.2%** | **Automobile Components 0.2%** | **Automobile Components 0.2%** |
| Aptiv PLC<sup>(a)</sup> <br>| &nbsp;&nbsp; 7672 | &nbsp;&nbsp; 526606 |
| **Broadline Retail 0.1%** | **Broadline Retail 0.1%** | **Broadline Retail 0.1%** |
| eBay, Inc.<sup>(b)</sup> <br>| &nbsp;&nbsp; 3770 | &nbsp;&nbsp; 345897 |
| **Diversified Consumer Services 0.5%** | **Diversified Consumer Services 0.5%** | **Diversified Consumer Services 0.5%** |
| frontdoor, Inc.<sup>(a),(b)</sup> <br>| &nbsp;&nbsp; 26174 | &nbsp;&nbsp; 1531179 |
| **Hotels, Restaurants & Leisure 1.7%** | **Hotels, Restaurants & Leisure 1.7%** | **Hotels, Restaurants & Leisure 1.7%** |
| Booking Holdings, Inc. | &nbsp;&nbsp; 237 | &nbsp;&nbsp; 1304462 |
| Boyd Gaming Corp. | &nbsp;&nbsp; 10795 | &nbsp;&nbsp; 916495 |
| Churchill Downs, Inc. | &nbsp;&nbsp; 2614 | &nbsp;&nbsp; 279803 |
| Darden Restaurants, Inc. | &nbsp;&nbsp; 1695 | &nbsp;&nbsp; 341831 |
| Flutter Entertainment PLC<sup>(a)</sup> <br>| &nbsp;&nbsp; 3899 | &nbsp;&nbsp; 1180868 |
| Restaurant Brands International, Inc. | &nbsp;&nbsp; 3195 | &nbsp;&nbsp; 216813 |
| Wyndham Hotels & Resorts, Inc. | &nbsp;&nbsp; 7901 | &nbsp;&nbsp; 679486 |
| Total |  | &nbsp;&nbsp; 4919758 |

---

---

| | | |
|:---|:---|:---|
| **Common Stocks (continued)** | **Common Stocks (continued)** | **Common Stocks (continued)** |
| **Issuer** | **Shares** | **Value ($)** |
| **Household Durables 0.2%** | **Household Durables 0.2%** | **Household Durables 0.2%** |
| Lennar Corp., Class A | &nbsp;&nbsp; 4845 | &nbsp;&nbsp; 543512 |
| **Specialty Retail 1.1%** | **Specialty Retail 1.1%** | **Specialty Retail 1.1%** |
| Abercrombie & Fitch Co., Class A<sup>(a)</sup> <br>| &nbsp;&nbsp; 2593 | &nbsp;&nbsp; 248980 |
| AutoNation, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 2051 | &nbsp;&nbsp; 395105 |
| AutoZone, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 158 | &nbsp;&nbsp; 595404 |
| Best Buy Co., Inc. | &nbsp;&nbsp; 3152 | &nbsp;&nbsp; 205069 |
| Home Depot, Inc. (The) | &nbsp;&nbsp; 938 | &nbsp;&nbsp; 344724 |
| Lowe's Companies, Inc. | &nbsp;&nbsp; 658 | &nbsp;&nbsp; 147109 |
| Restoration Hardware Holdings, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 987 | &nbsp;&nbsp; 202947 |
| Ross Stores, Inc. | &nbsp;&nbsp; 2998 | &nbsp;&nbsp; 409347 |
| TJX Companies, Inc. (The) | &nbsp;&nbsp; 4715 | &nbsp;&nbsp; 587159 |
| Total |  | &nbsp;&nbsp; 3135844 |
| **Total Consumer Discretionary** | **Total Consumer Discretionary** | &nbsp;&nbsp; **11002796** |
| **Consumer Staples 2.8%** | **Consumer Staples 2.8%** | **Consumer Staples 2.8%** |
| **Beverages 0.8%** | **Beverages 0.8%** | **Beverages 0.8%** |
| Coca-Cola Bottling Co. Consolidated | &nbsp;&nbsp; 4064 | &nbsp;&nbsp; 454152 |
| Coca-Cola Co. (The) | &nbsp;&nbsp; 11063 | &nbsp;&nbsp; 751067 |
| Coca-Cola Europacific Partners PLC | &nbsp;&nbsp; 4075 | &nbsp;&nbsp; 394949 |
| Primo Brands Corp., Class A | &nbsp;&nbsp; 19545 | &nbsp;&nbsp; 539638 |
| Total |  | &nbsp;&nbsp; 2139806 |
| **Consumer Staples Distribution & Retail 1.2%** | **Consumer Staples Distribution & Retail 1.2%** | **Consumer Staples Distribution & Retail 1.2%** |
| BJ's Wholesale Club Holdings, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 5832 | &nbsp;&nbsp; 617609 |
| Maplebear, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 7077 | &nbsp;&nbsp; 339484 |
| Sysco Corp. | &nbsp;&nbsp; 9431 | &nbsp;&nbsp; 750708 |
| U.S. Foods Holding Corp.<sup>(a),(b)</sup> <br>| &nbsp;&nbsp; 15323 | &nbsp;&nbsp; 1276865 |
| Walmart, Inc. | &nbsp;&nbsp; 5695 | &nbsp;&nbsp; 557996 |
| Total |  | &nbsp;&nbsp; 3542662 |
| **Food Products 0.4%** | **Food Products 0.4%** | **Food Products 0.4%** |
| Kerry Group PLC, Class A | &nbsp;&nbsp; 2035 | &nbsp;&nbsp; 187973 |
| Lamb Weston Holdings, Inc. | &nbsp;&nbsp; 3714 | &nbsp;&nbsp; 211958 |
| Nomad Foods Ltd. | &nbsp;&nbsp; 18407 | &nbsp;&nbsp; 309974 |
| Simply Good Foods Co. (The)<sup>(a)</sup> <br>| &nbsp;&nbsp; 6807 | &nbsp;&nbsp; 207341 |
| Toyo Suisan Kaisha Ltd. | &nbsp;&nbsp; 3900 | &nbsp;&nbsp; 249166 |
| Total |  | &nbsp;&nbsp; 1166412 |

---

Multi-Manager Directional Alternative Strategies Fund \| 2025

------

Portfolio of Investments (continued)

Multi-Manager Directional Alternative Strategies Fund, July 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Common Stocks (continued)** | **Common Stocks (continued)** | **Common Stocks (continued)** |
| **Issuer** | **Shares** | **Value ($)** |
| **Personal Care Products 0.1%** | **Personal Care Products 0.1%** | **Personal Care Products 0.1%** |
| Kenvue, Inc. | &nbsp;&nbsp; 14442 | &nbsp;&nbsp; 309636 |
| **Tobacco 0.3%** | **Tobacco 0.3%** | **Tobacco 0.3%** |
| Philip Morris International, Inc.<sup>(b)</sup> <br>| &nbsp;&nbsp; 4857 | &nbsp;&nbsp; 796791 |
| **Total Consumer Staples** | **Total Consumer Staples** | &nbsp;&nbsp; **7955307** |
| **Energy 2.1%** | **Energy 2.1%** | **Energy 2.1%** |
| **Energy Equipment & Services 1.3%** | **Energy Equipment & Services 1.3%** | **Energy Equipment & Services 1.3%** |
| Saipem SpA | &nbsp;&nbsp; 118571 | &nbsp;&nbsp; 316944 |
| Solaris Energy Infrastructure, Inc., Class A<sup>(b)</sup> <br>| &nbsp;&nbsp; 106517 | &nbsp;&nbsp; 3479910 |
| Total |  | &nbsp;&nbsp; 3796854 |
| **Oil, Gas & Consumable Fuels 0.8%** | **Oil, Gas & Consumable Fuels 0.8%** | **Oil, Gas & Consumable Fuels 0.8%** |
| EQT Corp. | &nbsp;&nbsp; 23566 | &nbsp;&nbsp; 1266672 |
| Marathon Petroleum Corp.<sup>(b)</sup> <br>| &nbsp;&nbsp; 3603 | &nbsp;&nbsp; 613195 |
| Permian Resources Corp. | &nbsp;&nbsp; 18072 | &nbsp;&nbsp; 255900 |
| Total |  | &nbsp;&nbsp; 2135767 |
| **Total Energy** | **Total Energy** | &nbsp;&nbsp; **5932621** |
| **Financials 8.9%** | **Financials 8.9%** | **Financials 8.9%** |
| **Banks 3.3%** | **Banks 3.3%** | **Banks 3.3%** |
| AIB Group PLC | &nbsp;&nbsp; 27925 | &nbsp;&nbsp; 220291 |
| Bank of America Corp.<sup>(b)</sup> <br>| &nbsp;&nbsp; 30402 | &nbsp;&nbsp; 1437102 |
| BNP Paribas SA | &nbsp;&nbsp; 1843 | &nbsp;&nbsp; 168042 |
| Danske Bank A/S | &nbsp;&nbsp; 5236 | &nbsp;&nbsp; 207720 |
| East West Bancorp, Inc.<sup>(b)</sup> <br>| &nbsp;&nbsp; 5104 | &nbsp;&nbsp; 511676 |
| Fifth Third Bancorp<sup>(b)</sup> <br>| &nbsp;&nbsp; 8610 | &nbsp;&nbsp; 357918 |
| Huntington Bancshares, Inc.<sup>(b)</sup> <br>| &nbsp;&nbsp; 31296 | &nbsp;&nbsp; 514193 |
| ING Groep NV | &nbsp;&nbsp; 20326 | &nbsp;&nbsp; 473706 |
| JPMorgan Chase & Co.<sup>(b)</sup> <br>| &nbsp;&nbsp; 6858 | &nbsp;&nbsp; 2031614 |
| M&T Bank Corp. | &nbsp;&nbsp; 2459 | &nbsp;&nbsp; 464013 |
| NatWest Group PLC | &nbsp;&nbsp; 60508 | &nbsp;&nbsp; 420021 |
| Nordea Bank Abp | &nbsp;&nbsp; 29319 | &nbsp;&nbsp; 428078 |
| Sumitomo Mitsui Financial Group, Inc. | &nbsp;&nbsp; 7500 | &nbsp;&nbsp; 189200 |
| United Overseas Bank Ltd. | &nbsp;&nbsp; 5500 | &nbsp;&nbsp; 152805 |
| Wells Fargo & Co.<sup>(b)</sup> <br>| &nbsp;&nbsp; 22620 | &nbsp;&nbsp; 1823851 |
| Total |  | &nbsp;&nbsp; 9400230 |

---

---

| | | |
|:---|:---|:---|
| **Common Stocks (continued)** | **Common Stocks (continued)** | **Common Stocks (continued)** |
| **Issuer** | **Shares** | **Value ($)** |
| **Capital Markets 1.1%** | **Capital Markets 1.1%** | **Capital Markets 1.1%** |
| Blue Owl Capital, Inc. | &nbsp;&nbsp; 15307 | &nbsp;&nbsp; 296191 |
| Charles Schwab Corp. (The) | &nbsp;&nbsp; 5011 | &nbsp;&nbsp; 489725 |
| Evercore, Inc., Class A<sup>(b)</sup> <br>| &nbsp;&nbsp; 1494 | &nbsp;&nbsp; 449903 |
| Goldman Sachs Group, Inc. (The) | &nbsp;&nbsp; 381 | &nbsp;&nbsp; 275688 |
| Intercontinental Exchange, Inc. | &nbsp;&nbsp; 1811 | &nbsp;&nbsp; 334727 |
| LPL Financial Holdings, Inc. | &nbsp;&nbsp; 2782 | &nbsp;&nbsp; 1100921 |
| Morgan Stanley | &nbsp;&nbsp; 2379 | &nbsp;&nbsp; 338912 |
| Total |  | &nbsp;&nbsp; 3286067 |
| **Consumer Finance 0.4%** | **Consumer Finance 0.4%** | **Consumer Finance 0.4%** |
| American Express Co. | &nbsp;&nbsp; 1428 | &nbsp;&nbsp; 427415 |
| Capital One Financial Corp. | &nbsp;&nbsp; 1388 | &nbsp;&nbsp; 298420 |
| SLM Corp.<sup>(b)</sup> <br>| &nbsp;&nbsp; 6928 | &nbsp;&nbsp; 220310 |
| Synchrony Financial<sup>(b)</sup> <br>| &nbsp;&nbsp; 4406 | &nbsp;&nbsp; 306966 |
| Total |  | &nbsp;&nbsp; 1253111 |
| **Financial Services 1.4%** | **Financial Services 1.4%** | **Financial Services 1.4%** |
| Apollo Global Management, Inc. | &nbsp;&nbsp; 2797 | &nbsp;&nbsp; 406460 |
| Berkshire Hathaway, Inc., Class B<sup>(a)</sup> <br>| &nbsp;&nbsp; 1044 | &nbsp;&nbsp; 492643 |
| Corpay, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 2565 | &nbsp;&nbsp; 828623 |
| Equitable Holdings, Inc. | &nbsp;&nbsp; 3833 | &nbsp;&nbsp; 196825 |
| Fidelity National Information Services, Inc. | &nbsp;&nbsp; 9263 | &nbsp;&nbsp; 735575 |
| Shift4 Payments, Inc., Class A<sup>(a)</sup> <br>| &nbsp;&nbsp; 3983 | &nbsp;&nbsp; 410249 |
| Visa, Inc., Class A | &nbsp;&nbsp; 901 | &nbsp;&nbsp; 311268 |
| Voya Financial, Inc. | &nbsp;&nbsp; 1834 | &nbsp;&nbsp; 128380 |
| WEX, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 2700 | &nbsp;&nbsp; 458136 |
| Total |  | &nbsp;&nbsp; 3968159 |
| **Insurance 2.7%** | **Insurance 2.7%** | **Insurance 2.7%** |
| Accelerant Holdings, Class A<sup>(a)</sup> <br>| &nbsp;&nbsp; 15003 | &nbsp;&nbsp; 413183 |
| Allstate Corp. (The) | &nbsp;&nbsp; 2680 | &nbsp;&nbsp; 544710 |
| Aon PLC, Class A | &nbsp;&nbsp; 2386 | &nbsp;&nbsp; 848724 |
| Arthur J Gallagher & Co. | &nbsp;&nbsp; 1645 | &nbsp;&nbsp; 472526 |
| Beazley PLC | &nbsp;&nbsp; 42148 | &nbsp;&nbsp; 496619 |
| Brown & Brown, Inc. | &nbsp;&nbsp; 3362 | &nbsp;&nbsp; 307186 |
| Chubb Ltd. | &nbsp;&nbsp; 2414 | &nbsp;&nbsp; 642221 |
| Everest Group Ltd. | &nbsp;&nbsp; 1597 | &nbsp;&nbsp; 536273 |
| First American Financial Corp. | &nbsp;&nbsp; 4064 | &nbsp;&nbsp; 244043 |
| Hiscox Ltd. | &nbsp;&nbsp; 27587 | &nbsp;&nbsp; 469676 |
| Lancashire Holdings Ltd. | &nbsp;&nbsp; 31037 | &nbsp;&nbsp; 256591 |

---

Multi-Manager Directional Alternative Strategies Fund \| 2025

------

Portfolio of Investments (continued)

Multi-Manager Directional Alternative Strategies Fund, July 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Common Stocks (continued)** | **Common Stocks (continued)** | **Common Stocks (continued)** |
| **Issuer** | **Shares** | **Value ($)** |
| Markel Group, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 344 | &nbsp;&nbsp; 690852 |
| Progressive Corp. (The) | &nbsp;&nbsp; 1946 | &nbsp;&nbsp; 471010 |
| RenaissanceRe Holdings Ltd. | &nbsp;&nbsp; 2160 | &nbsp;&nbsp; 526478 |
| Travelers Companies, Inc. (The) | &nbsp;&nbsp; 1301 | &nbsp;&nbsp; 338572 |
| White Mountains Insurance Group Ltd. | &nbsp;&nbsp; 224 | &nbsp;&nbsp; 400467 |
| Total |  | &nbsp;&nbsp; 7659131 |
| **Total Financials** | **Total Financials** | &nbsp;&nbsp; **25566698** |
| **Health Care 11.8%** | **Health Care 11.8%** | **Health Care 11.8%** |
| **Biotechnology 3.0%** | **Biotechnology 3.0%** | **Biotechnology 3.0%** |
| AbbVie, Inc.<sup>(b)</sup> <br>| &nbsp;&nbsp; 7893 | &nbsp;&nbsp; 1491935 |
| Akero Therapeutics, Inc.<sup>(a),(b)</sup> <br>| &nbsp;&nbsp; 49384 | &nbsp;&nbsp; 2412408 |
| Amgen, Inc.<sup>(b)</sup> <br>| &nbsp;&nbsp; 2559 | &nbsp;&nbsp; 755161 |
| Ascendis Pharma A/S ADR<sup>(a),(b)</sup> <br>| &nbsp;&nbsp; 13835 | &nbsp;&nbsp; 2400373 |
| Exact Sciences Corp.<sup>(a)</sup> <br>| &nbsp;&nbsp; 33638 | &nbsp;&nbsp; 1579304 |
| Total |  | &nbsp;&nbsp; 8639181 |
| **Health Care Equipment & Supplies 0.6%** | **Health Care Equipment & Supplies 0.6%** | **Health Care Equipment & Supplies 0.6%** |
| Abbott Laboratories<sup>(b)</sup> <br>| &nbsp;&nbsp; 3375 | &nbsp;&nbsp; 425891 |
| Establishment Labs Holdings, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 17480 | &nbsp;&nbsp; 733374 |
| Medtronic PLC | &nbsp;&nbsp; 5822 | &nbsp;&nbsp; 525377 |
| Stryker Corp. | &nbsp;&nbsp; 296 | &nbsp;&nbsp; 116248 |
| Zimmer Biomet Holdings, Inc. | &nbsp;&nbsp; 385 | &nbsp;&nbsp; 35285 |
| Total |  | &nbsp;&nbsp; 1836175 |
| **Health Care Providers & Services 2.3%** | **Health Care Providers & Services 2.3%** | **Health Care Providers & Services 2.3%** |
| Cencora, Inc. | &nbsp;&nbsp; 1373 | &nbsp;&nbsp; 392788 |
| Centene Corp.<sup>(a)</sup> <br>| &nbsp;&nbsp; 1573 | &nbsp;&nbsp; 41008 |
| Cigna Group (The)<sup>(b)</sup> <br>| &nbsp;&nbsp; 358 | &nbsp;&nbsp; 95722 |
| CVS Health Corp. | &nbsp;&nbsp; 8352 | &nbsp;&nbsp; 518659 |
| DaVita, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 1393 | &nbsp;&nbsp; 195535 |
| Elevance Health, Inc.<sup>(b)</sup> <br>| &nbsp;&nbsp; 354 | &nbsp;&nbsp; 100210 |
| GeneDx Holdings Corp.<sup>(a)</sup> <br>| &nbsp;&nbsp; 22774 | &nbsp;&nbsp; 2321809 |
| HCA Healthcare, Inc. | &nbsp;&nbsp; 1463 | &nbsp;&nbsp; 517887 |
| Humana, Inc. | &nbsp;&nbsp; 415 | &nbsp;&nbsp; 103696 |
| McKesson Corp. | &nbsp;&nbsp; 625 | &nbsp;&nbsp; 433463 |
| Molina Healthcare, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 212 | &nbsp;&nbsp; 33469 |
| Quest Diagnostics, Inc. | &nbsp;&nbsp; 3048 | &nbsp;&nbsp; 510266 |
| Tenet Healthcare Corp.<sup>(a)</sup> <br>| &nbsp;&nbsp; 3386 | &nbsp;&nbsp; 546094 |

---

---

| | | |
|:---|:---|:---|
| **Common Stocks (continued)** | **Common Stocks (continued)** | **Common Stocks (continued)** |
| **Issuer** | **Shares** | **Value ($)** |
| UnitedHealth Group, Inc. | &nbsp;&nbsp; 2249 | &nbsp;&nbsp; 561261 |
| Universal Health Services, Inc., Class B | &nbsp;&nbsp; 2003 | &nbsp;&nbsp; 333399 |
| Total |  | &nbsp;&nbsp; 6705266 |
| **Health Care Technology 1.0%** | **Health Care Technology 1.0%** | **Health Care Technology 1.0%** |
| Waystar Holding Corp.<sup>(a),(b)</sup> <br>| &nbsp;&nbsp; 75693 | &nbsp;&nbsp; 2799127 |
| **Life Sciences Tools & Services 0.3%** | **Life Sciences Tools & Services 0.3%** | **Life Sciences Tools & Services 0.3%** |
| ICON PLC<sup>(a)</sup> <br>| &nbsp;&nbsp; 1674 | &nbsp;&nbsp; 283224 |
| IQVIA Holdings, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 966 | &nbsp;&nbsp; 179541 |
| QIAGEN NV | &nbsp;&nbsp; 5369 | &nbsp;&nbsp; 264907 |
| Total |  | &nbsp;&nbsp; 727672 |
| **Pharmaceuticals 4.6%** | **Pharmaceuticals 4.6%** | **Pharmaceuticals 4.6%** |
| AstraZeneca PLC | &nbsp;&nbsp; 3382 | &nbsp;&nbsp; 493406 |
| Bristol-Myers Squibb Co. | &nbsp;&nbsp; 14701 | &nbsp;&nbsp; 636700 |
| Ipsen SA | &nbsp;&nbsp; 1062 | &nbsp;&nbsp; 125138 |
| Johnson & Johnson<sup>(b)</sup> <br>| &nbsp;&nbsp; 5408 | &nbsp;&nbsp; 890914 |
| Merck & Co., Inc. | &nbsp;&nbsp; 545 | &nbsp;&nbsp; 42575 |
| Novartis AG, ADR | &nbsp;&nbsp; 4095 | &nbsp;&nbsp; 465765 |
| Pfizer, Inc. | &nbsp;&nbsp; 731 | &nbsp;&nbsp; 17025 |
| Sandoz Group AG, ADR | &nbsp;&nbsp; 2994 | &nbsp;&nbsp; 171224 |
| Sanofi SA | &nbsp;&nbsp; 1249 | &nbsp;&nbsp; 112124 |
| UCB SA | &nbsp;&nbsp; 2814 | &nbsp;&nbsp; 604602 |
| Verona Pharma PLC, ADR<sup>(a),(b)</sup> <br>| &nbsp;&nbsp; 92001 | &nbsp;&nbsp; 9668385 |
| Total |  | &nbsp;&nbsp; 13227858 |
| **Total Health Care** | **Total Health Care** | &nbsp;&nbsp; **33935279** |
| **Industrials 8.8%** | **Industrials 8.8%** | **Industrials 8.8%** |
| **Aerospace & Defense 1.3%** | **Aerospace & Defense 1.3%** | **Aerospace & Defense 1.3%** |
| Airbus Group SE | &nbsp;&nbsp; 3542 | &nbsp;&nbsp; 712138 |
| Curtiss-Wright Corp. | &nbsp;&nbsp; 859 | &nbsp;&nbsp; 421099 |
| Elbit Systems Ltd. | &nbsp;&nbsp; 2017 | &nbsp;&nbsp; 941354 |
| Howmet Aerospace, Inc.<sup>(b)</sup> <br>| &nbsp;&nbsp; 3803 | &nbsp;&nbsp; 683665 |
| L3Harris Technologies, Inc. | &nbsp;&nbsp; 3756 | &nbsp;&nbsp; 1032224 |
| Total |  | &nbsp;&nbsp; 3790480 |
| **Air Freight & Logistics 0.5%** | **Air Freight & Logistics 0.5%** | **Air Freight & Logistics 0.5%** |
| CH Robinson Worldwide, Inc. | &nbsp;&nbsp; 5655 | &nbsp;&nbsp; 652135 |
| Expeditors International of Washington, Inc. | &nbsp;&nbsp; 4099 | &nbsp;&nbsp; 476468 |
| FedEx Corp. | &nbsp;&nbsp; 1609 | &nbsp;&nbsp; 359595 |
| Total |  | &nbsp;&nbsp; 1488198 |

---

Multi-Manager Directional Alternative Strategies Fund \| 2025

------

Portfolio of Investments (continued)

Multi-Manager Directional Alternative Strategies Fund, July 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Common Stocks (continued)** | **Common Stocks (continued)** | **Common Stocks (continued)** |
| **Issuer** | **Shares** | **Value ($)** |
| **Building Products 1.3%** | **Building Products 1.3%** | **Building Products 1.3%** |
| Allegion PLC | &nbsp;&nbsp; 3743 | &nbsp;&nbsp; 621038 |
| Builders FirstSource, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 5436 | &nbsp;&nbsp; 691079 |
| Masco Corp. | &nbsp;&nbsp; 8274 | &nbsp;&nbsp; 563708 |
| MasterBrand, Inc.<sup>(a),(b)</sup> <br>| &nbsp;&nbsp; 46337 | &nbsp;&nbsp; 511097 |
| Resideo Technologies, Inc.<sup>(a),(b)</sup> <br>| &nbsp;&nbsp; 32043 | &nbsp;&nbsp; 874774 |
| UFP Industries, Inc. | &nbsp;&nbsp; 3762 | &nbsp;&nbsp; 368676 |
| Total |  | &nbsp;&nbsp; 3630372 |
| **Commercial Services & Supplies 0.2%** | **Commercial Services & Supplies 0.2%** | **Commercial Services & Supplies 0.2%** |
| Brink's Co. (The) | &nbsp;&nbsp; 8206 | &nbsp;&nbsp; 716712 |
| **Construction & Engineering 0.3%** | **Construction & Engineering 0.3%** | **Construction & Engineering 0.3%** |
| AECOM | &nbsp;&nbsp; 6447 | &nbsp;&nbsp; 726835 |
| Eiffage SA | &nbsp;&nbsp; 1659 | &nbsp;&nbsp; 222696 |
| Total |  | &nbsp;&nbsp; 949531 |
| **Electrical Equipment 0.4%** | **Electrical Equipment 0.4%** | **Electrical Equipment 0.4%** |
| Acuity, Inc. | &nbsp;&nbsp; 1415 | &nbsp;&nbsp; 440560 |
| AMETEK, Inc. | &nbsp;&nbsp; 1967 | &nbsp;&nbsp; 363600 |
| Emerson Electric Co. | &nbsp;&nbsp; 1585 | &nbsp;&nbsp; 230634 |
| Total |  | &nbsp;&nbsp; 1034794 |
| **Ground Transportation 0.7%** | **Ground Transportation 0.7%** | **Ground Transportation 0.7%** |
| Canadian Pacific Kansas City Ltd. | &nbsp;&nbsp; 6177 | &nbsp;&nbsp; 454318 |
| Norfolk Southern Corp. | &nbsp;&nbsp; 1963 | &nbsp;&nbsp; 545714 |
| Uber Technologies, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 11389 | &nbsp;&nbsp; 999385 |
| Total |  | &nbsp;&nbsp; 1999417 |
| **Industrial Conglomerates 0.4%** | **Industrial Conglomerates 0.4%** | **Industrial Conglomerates 0.4%** |
| 3M Co. | &nbsp;&nbsp; 3547 | &nbsp;&nbsp; 529283 |
| Honeywell International, Inc. | &nbsp;&nbsp; 2236 | &nbsp;&nbsp; 497175 |
| Siemens AG, Registered Shares | &nbsp;&nbsp; 991 | &nbsp;&nbsp; 252411 |
| Total |  | &nbsp;&nbsp; 1278869 |
| **Machinery 1.3%** | **Machinery 1.3%** | **Machinery 1.3%** |
| Andritz AG | &nbsp;&nbsp; 3025 | &nbsp;&nbsp; 210513 |
| Chart Industries, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 1656 | &nbsp;&nbsp; 329262 |
| Cummins, Inc. | &nbsp;&nbsp; 919 | &nbsp;&nbsp; 337843 |
| Flowserve Corp. | &nbsp;&nbsp; 10296 | &nbsp;&nbsp; 576988 |
| Fortive Corp. | &nbsp;&nbsp; 5742 | &nbsp;&nbsp; 275214 |
| IMI PLC | &nbsp;&nbsp; 15787 | &nbsp;&nbsp; 461216 |
| Nordson Corp. | &nbsp;&nbsp; 2654 | &nbsp;&nbsp; 568513 |
| Otis Worldwide Corp. | &nbsp;&nbsp; 3760 | &nbsp;&nbsp; 322194 |

---

---

| | | |
|:---|:---|:---|
| **Common Stocks (continued)** | **Common Stocks (continued)** | **Common Stocks (continued)** |
| **Issuer** | **Shares** | **Value ($)** |
| Parker-Hannifin Corp. | &nbsp;&nbsp; 349 | &nbsp;&nbsp; 255433 |
| Westinghouse Air Brake Technologies Corp.<sup>(b)</sup> <br>| &nbsp;&nbsp; 1512 | &nbsp;&nbsp; 290380 |
| Total |  | &nbsp;&nbsp; 3627556 |
| **Marine Transportation 0.1%** | **Marine Transportation 0.1%** | **Marine Transportation 0.1%** |
| Matson, Inc. | &nbsp;&nbsp; 2673 | &nbsp;&nbsp; 285423 |
| **Passenger Airlines 0.2%** | **Passenger Airlines 0.2%** | **Passenger Airlines 0.2%** |
| Delta Air Lines, Inc. | &nbsp;&nbsp; 3361 | &nbsp;&nbsp; 178839 |
| United Airlines Holdings, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 3140 | &nbsp;&nbsp; 277293 |
| Total |  | &nbsp;&nbsp; 456132 |
| **Professional Services 1.7%** | **Professional Services 1.7%** | **Professional Services 1.7%** |
| Equifax, Inc. | &nbsp;&nbsp; 2774 | &nbsp;&nbsp; 666398 |
| Huron Consulting Group, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 4043 | &nbsp;&nbsp; 534000 |
| Jacobs Solutions, Inc. | &nbsp;&nbsp; 8613 | &nbsp;&nbsp; 1221926 |
| KBR, Inc.<sup>(b)</sup> <br>| &nbsp;&nbsp; 12878 | &nbsp;&nbsp; 601918 |
| Leidos Holdings, Inc. | &nbsp;&nbsp; 2199 | &nbsp;&nbsp; 351070 |
| SS&C Technologies Holdings, Inc. | &nbsp;&nbsp; 8781 | &nbsp;&nbsp; 750600 |
| Upwork, Inc.<sup>(a),(b)</sup> <br>| &nbsp;&nbsp; 51924 | &nbsp;&nbsp; 621011 |
| Total |  | &nbsp;&nbsp; 4746923 |
| **Trading Companies & Distributors 0.4%** | **Trading Companies & Distributors 0.4%** | **Trading Companies & Distributors 0.4%** |
| Ferguson Enterprises, Inc. | &nbsp;&nbsp; 1760 | &nbsp;&nbsp; 393061 |
| Herc Holdings Inc | &nbsp;&nbsp; 3619 | &nbsp;&nbsp; 422735 |
| Rexel SA | &nbsp;&nbsp; 13497 | &nbsp;&nbsp; 407940 |
| Total |  | &nbsp;&nbsp; 1223736 |
| **Total Industrials** | **Total Industrials** | &nbsp;&nbsp; **25228143** |
| **Information Technology 12.8%** | **Information Technology 12.8%** | **Information Technology 12.8%** |
| **Communications Equipment 0.2%** | **Communications Equipment 0.2%** | **Communications Equipment 0.2%** |
| InterDigital, Inc. | &nbsp;&nbsp; 2718 | &nbsp;&nbsp; 701787 |
| **Electronic Equipment, Instruments & Components 2.3%** | **Electronic Equipment, Instruments & Components 2.3%** | **Electronic Equipment, Instruments & Components 2.3%** |
| Advanced Energy Industries, Inc. | &nbsp;&nbsp; 10775 | &nbsp;&nbsp; 1496863 |
| Arrow Electronics, Inc.<sup>(a),(b)</sup> <br>| &nbsp;&nbsp; 2426 | &nbsp;&nbsp; 281416 |
| CDW Corp.<sup>(b)</sup> <br>| &nbsp;&nbsp; 1486 | &nbsp;&nbsp; 259129 |
| Celestica, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 4508 | &nbsp;&nbsp; 900969 |
| Flex Ltd.<sup>(a)</sup> <br>| &nbsp;&nbsp; 24310 | &nbsp;&nbsp; 1212340 |
| Jabil, Inc.<sup>(b)</sup> <br>| &nbsp;&nbsp; 2408 | &nbsp;&nbsp; 537393 |
| Keysight Technologies, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 3331 | &nbsp;&nbsp; 545984 |
| Ralliant Corp.<sup>(a)</sup> <br>| &nbsp;&nbsp; 1914 | &nbsp;&nbsp; 87508 |

---

Multi-Manager Directional Alternative Strategies Fund \| 2025

------

Portfolio of Investments (continued)

Multi-Manager Directional Alternative Strategies Fund, July 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Common Stocks (continued)** | **Common Stocks (continued)** | **Common Stocks (continued)** |
| **Issuer** | **Shares** | **Value ($)** |
| Trimble Navigation Ltd.<sup>(a)</sup> <br>| &nbsp;&nbsp; 7829 | &nbsp;&nbsp; 656775 |
| Zebra Technologies Corp., Class A<sup>(a)</sup> <br>| &nbsp;&nbsp; 1451 | &nbsp;&nbsp; 491918 |
| Total |  | &nbsp;&nbsp; 6470295 |
| **IT Services 1.5%** | **IT Services 1.5%** | **IT Services 1.5%** |
| Capgemini SE | &nbsp;&nbsp; 2015 | &nbsp;&nbsp; 299986 |
| Twilio, Inc., Class A<sup>(a),(b)</sup> <br>| &nbsp;&nbsp; 30963 | &nbsp;&nbsp; 3994227 |
| Total |  | &nbsp;&nbsp; 4294213 |
| **Semiconductors & Semiconductor Equipment 4.2%** | **Semiconductors & Semiconductor Equipment 4.2%** | **Semiconductors & Semiconductor Equipment 4.2%** |
| Applied Materials, Inc. | &nbsp;&nbsp; 2004 | &nbsp;&nbsp; 360840 |
| Broadcom, Inc.<sup>(b)</sup> <br>| &nbsp;&nbsp; 4411 | &nbsp;&nbsp; 1295511 |
| Cirrus Logic, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 7193 | &nbsp;&nbsp; 724407 |
| Credo Technology Group Holding Ltd.<sup>(a)</sup> <br>| &nbsp;&nbsp; 1346 | &nbsp;&nbsp; 150146 |
| Lam Research Corp. | &nbsp;&nbsp; 5895 | &nbsp;&nbsp; 559082 |
| Microchip Technology, Inc. | &nbsp;&nbsp; 7591 | &nbsp;&nbsp; 513076 |
| Micron Technology, Inc. | &nbsp;&nbsp; 2970 | &nbsp;&nbsp; 324146 |
| MKS, Inc.<sup>(b)</sup> <br>| &nbsp;&nbsp; 29420 | &nbsp;&nbsp; 2800195 |
| NXP Semiconductors NV | &nbsp;&nbsp; 1723 | &nbsp;&nbsp; 368326 |
| Silicon Motion Technology Corp., ADR<sup>(b)</sup> <br>| &nbsp;&nbsp; 39054 | &nbsp;&nbsp; 2989193 |
| Tower Semiconductor Ltd.<sup>(a),(b)</sup> <br>| &nbsp;&nbsp; 45172 | &nbsp;&nbsp; 2066619 |
| Total |  | &nbsp;&nbsp; 12151541 |
| **Software 3.9%** | **Software 3.9%** | **Software 3.9%** |
| Adeia, Inc.<sup>(b)</sup> <br>| &nbsp;&nbsp; 31859 | &nbsp;&nbsp; 412574 |
| Check Point Software Technologies Ltd.<sup>(a)</sup> <br>| &nbsp;&nbsp; 2045 | &nbsp;&nbsp; 380779 |
| Gen Digital, Inc.<sup>(b)</sup> <br>| &nbsp;&nbsp; 26630 | &nbsp;&nbsp; 785319 |
| Microsoft Corp.<sup>(b)</sup> <br>| &nbsp;&nbsp; 8083 | &nbsp;&nbsp; 4312280 |
| Monday.com Ltd.<sup>(a),(b)</sup> <br>| &nbsp;&nbsp; 8592 | &nbsp;&nbsp; 2253596 |
| NiCE Ltd., ADR<sup>(a)</sup> <br>| &nbsp;&nbsp; 2660 | &nbsp;&nbsp; 415093 |
| Oracle Corp.<sup>(b)</sup> <br>| &nbsp;&nbsp; 3573 | &nbsp;&nbsp; 906720 |
| Rubrik, Inc., Class A<sup>(a)</sup> <br>| &nbsp;&nbsp; 3966 | &nbsp;&nbsp; 376572 |
| Salesforce, Inc. | &nbsp;&nbsp; 1868 | &nbsp;&nbsp; 482560 |
| Samsara, Inc., Class A<sup>(a),(b)</sup> <br>| &nbsp;&nbsp; 21497 | &nbsp;&nbsp; 817531 |
| Total |  | &nbsp;&nbsp; 11143024 |

---

---

| | | |
|:---|:---|:---|
| **Common Stocks (continued)** | **Common Stocks (continued)** | **Common Stocks (continued)** |
| **Issuer** | **Shares** | **Value ($)** |
| **Technology Hardware, Storage & Peripherals 0.7%** | **Technology Hardware, Storage & Peripherals 0.7%** | **Technology Hardware, Storage & Peripherals 0.7%** |
| Dell Technologies, Inc. | &nbsp;&nbsp; 3286 | &nbsp;&nbsp; 436019 |
| NetApp, Inc. | &nbsp;&nbsp; 4639 | &nbsp;&nbsp; 483059 |
| Samsung Electronics Co., Ltd. | &nbsp;&nbsp; 12219 | &nbsp;&nbsp; 622729 |
| Seagate Technology Holdings PLC | &nbsp;&nbsp; 2845 | &nbsp;&nbsp; 446694 |
| Total |  | &nbsp;&nbsp; 1988501 |
| **Total Information Technology** | **Total Information Technology** | &nbsp;&nbsp; **36749361** |
| **Materials 2.0%** | **Materials 2.0%** | **Materials 2.0%** |
| **Chemicals 0.7%** | **Chemicals 0.7%** | **Chemicals 0.7%** |
| DuPont de Nemours, Inc.<sup>(b)</sup> <br>| &nbsp;&nbsp; 8487 | &nbsp;&nbsp; 610215 |
| Methanex Corp. | &nbsp;&nbsp; 19179 | &nbsp;&nbsp; 641346 |
| Mosaic Co. (The)<sup>(b)</sup> <br>| &nbsp;&nbsp; 21866 | &nbsp;&nbsp; 787395 |
| Total |  | &nbsp;&nbsp; 2038956 |
| **Construction Materials 0.4%** | **Construction Materials 0.4%** | **Construction Materials 0.4%** |
| CRH PLC | &nbsp;&nbsp; 10718 | &nbsp;&nbsp; 1023033 |
| **Containers & Packaging 0.0%** | **Containers & Packaging 0.0%** | **Containers & Packaging 0.0%** |
| Smurfit WestRock PLC | &nbsp;&nbsp; 3262 | &nbsp;&nbsp; 144768 |
| **Metals & Mining 0.9%** | **Metals & Mining 0.9%** | **Metals & Mining 0.9%** |
| Endeavour Mining PLC | &nbsp;&nbsp; 26032 | &nbsp;&nbsp; 781561 |
| Freeport-McMoRan, Inc. | &nbsp;&nbsp; 7264 | &nbsp;&nbsp; 292303 |
| Kinross Gold Corp. | &nbsp;&nbsp; 38739 | &nbsp;&nbsp; 619824 |
| Reliance, Inc. | &nbsp;&nbsp; 1023 | &nbsp;&nbsp; 296803 |
| Vale SA ADR<sup>(b)</sup> <br>| &nbsp;&nbsp; 27966 | &nbsp;&nbsp; 266516 |
| Wheaton Precious Metals Corp. | &nbsp;&nbsp; 3043 | &nbsp;&nbsp; 278465 |
| Total |  | &nbsp;&nbsp; 2535472 |
| **Paper & Forest Products 0.0%** | **Paper & Forest Products 0.0%** | **Paper & Forest Products 0.0%** |
| Louisiana-Pacific Corp. | &nbsp;&nbsp; 1294 | &nbsp;&nbsp; 116990 |
| **Total Materials** | **Total Materials** | &nbsp;&nbsp; **5859219** |
| **Real Estate 1.6%** | **Real Estate 1.6%** | **Real Estate 1.6%** |
| **Industrial REITs 0.1%** | **Industrial REITs 0.1%** | **Industrial REITs 0.1%** |
| Americold Realty Trust, Inc.<sup>(b)</sup> <br>| &nbsp;&nbsp; 23810 | &nbsp;&nbsp; 382865 |
| **Office REITs 0.3%** | **Office REITs 0.3%** | **Office REITs 0.3%** |
| BXP, Inc. | &nbsp;&nbsp; 6375 | &nbsp;&nbsp; 417116 |
| COPT Defense Properties | &nbsp;&nbsp; 10168 | &nbsp;&nbsp; 277383 |
| Total |  | &nbsp;&nbsp; 694499 |
| **Real Estate Management & Development 0.2%** | **Real Estate Management & Development 0.2%** | **Real Estate Management & Development 0.2%** |
| Jones Lang LaSalle, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 1896 | &nbsp;&nbsp; 512603 |

---

Multi-Manager Directional Alternative Strategies Fund \| 2025

------

Portfolio of Investments (continued)

Multi-Manager Directional Alternative Strategies Fund, July 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Common Stocks (continued)** | **Common Stocks (continued)** | **Common Stocks (continued)** |
| **Issuer** | **Shares** | **Value ($)** |
| **Residential REITs 0.2%** | **Residential REITs 0.2%** | **Residential REITs 0.2%** |
| Essex Property Trust, Inc. | &nbsp;&nbsp; 1043 | &nbsp;&nbsp; 271368 |
| Invitation Homes, Inc. | &nbsp;&nbsp; 12431 | &nbsp;&nbsp; 381010 |
| Total |  | &nbsp;&nbsp; 652378 |
| **Retail REITs 0.3%** | **Retail REITs 0.3%** | **Retail REITs 0.3%** |
| Kimco Realty Corp.<sup>(b)</sup> <br>| &nbsp;&nbsp; 21061 | &nbsp;&nbsp; 447125 |
| Regency Centers Corp.<sup>(b)</sup> <br>| &nbsp;&nbsp; 4707 | &nbsp;&nbsp; 336080 |
| Total |  | &nbsp;&nbsp; 783205 |
| **Specialized REITs 0.5%** | **Specialized REITs 0.5%** | **Specialized REITs 0.5%** |
| Extra Space Storage, Inc. | &nbsp;&nbsp; 2495 | &nbsp;&nbsp; 335228 |
| Lamar Advertising Co., Class A<sup>(b)</sup> <br>| &nbsp;&nbsp; 2264 | &nbsp;&nbsp; 276774 |
| VICI Properties, Inc.<sup>(b)</sup> <br>| &nbsp;&nbsp; 19548 | &nbsp;&nbsp; 637265 |
| Weyerhaeuser Co.<sup>(b)</sup> <br>| &nbsp;&nbsp; 10526 | &nbsp;&nbsp; 263676 |
| Total |  | &nbsp;&nbsp; 1512943 |
| **Total Real Estate** | **Total Real Estate** | &nbsp;&nbsp; **4538493** |
| **Utilities 3.4%** | **Utilities 3.4%** | **Utilities 3.4%** |
| **Electric Utilities 2.3%** | **Electric Utilities 2.3%** | **Electric Utilities 2.3%** |
| American Electric Power Co., Inc.<sup>(b)</sup> <br>| &nbsp;&nbsp; 3987 | &nbsp;&nbsp; 451089 |
| Enel SpA | &nbsp;&nbsp; 62393 | &nbsp;&nbsp; 550200 |
| Entergy Corp. | &nbsp;&nbsp; 9849 | &nbsp;&nbsp; 890645 |
| FirstEnergy Corp. | &nbsp;&nbsp; 15103 | &nbsp;&nbsp; 645049 |
| NextEra Energy, Inc. | &nbsp;&nbsp; 6644 | &nbsp;&nbsp; 472123 |
| NRG Energy, Inc. | &nbsp;&nbsp; 5105 | &nbsp;&nbsp; 853556 |
| OGE Energy Corp.<sup>(b)</sup> <br>| &nbsp;&nbsp; 18043 | &nbsp;&nbsp; 819513 |
| PPL Corp.<sup>(b)</sup> <br>| &nbsp;&nbsp; 19411 | &nbsp;&nbsp; 692779 |
| Scottish & Southern Energy PLC | &nbsp;&nbsp; 22888 | &nbsp;&nbsp; 561036 |
| Southern Co. (The) | &nbsp;&nbsp; 6828 | &nbsp;&nbsp; 645109 |
| Total |  | &nbsp;&nbsp; 6581099 |
| **Independent Power and Renewable Electricity Producers 0.6%** | **Independent Power and Renewable Electricity Producers 0.6%** | **Independent Power and Renewable Electricity Producers 0.6%** |
| Talen Energy Corp.<sup>(a)</sup> <br>| &nbsp;&nbsp; 2587 | &nbsp;&nbsp; 976773 |
| Vistra Corp. | &nbsp;&nbsp; 2981 | &nbsp;&nbsp; 621658 |
| Total |  | &nbsp;&nbsp; 1598431 |

---

---

| | | |
|:---|:---|:---|
| **Common Stocks (continued)** | **Common Stocks (continued)** | **Common Stocks (continued)** |
| **Issuer** | **Shares** | **Value ($)** |
| **Multi-Utilities 0.5%** | **Multi-Utilities 0.5%** | **Multi-Utilities 0.5%** |
| CenterPoint Energy, Inc.<sup>(b)</sup> <br>| &nbsp;&nbsp; 18285 | &nbsp;&nbsp; 709824 |
| NiSource, Inc. | &nbsp;&nbsp; 19516 | &nbsp;&nbsp; 828454 |
| Total |  | &nbsp;&nbsp; 1538278 |
| **Total Utilities** | **Total Utilities** | &nbsp;&nbsp; **9717808** |
| &nbsp;&nbsp; Total Common Stocks <br>(Cost $136,012,254) | &nbsp;&nbsp; Total Common Stocks <br>(Cost $136,012,254) | &nbsp;&nbsp; **179858987** |
| **Exchange-Traded Equity Funds 15.9%** | **Exchange-Traded Equity Funds 15.9%** | **Exchange-Traded Equity Funds 15.9%** |
|  | **Shares** | **Value ($)** |
| **International 4.3%** | **International 4.3%** | **International 4.3%** |
| &nbsp;&nbsp; iShares Core MSCI International Developed Markets <br> ETF<br>| &nbsp;&nbsp; 163520 | &nbsp;&nbsp; 12239472 |
| **U.S. Mid Large Cap 11.6%** | **U.S. Mid Large Cap 11.6%** | **U.S. Mid Large Cap 11.6%** |
| iShares Core S&P 500 ETF | &nbsp;&nbsp; 52780 | &nbsp;&nbsp; 33510022 |
| &nbsp;&nbsp; Total Exchange-Traded Equity Funds <br>(Cost $42,703,973) | &nbsp;&nbsp; Total Exchange-Traded Equity Funds <br>(Cost $42,703,973) | &nbsp;&nbsp; **45749494** |
| **Limited Partnerships 0.3%** | **Limited Partnerships 0.3%** | **Limited Partnerships 0.3%** |
| **Issuer** | **Shares** | **Value ($)** |
| **Energy 0.3%** | **Energy 0.3%** | **Energy 0.3%** |
| **Oil, Gas & Consumable Fuels 0.3%** | **Oil, Gas & Consumable Fuels 0.3%** | **Oil, Gas & Consumable Fuels 0.3%** |
| Energy Transfer Equity LP | &nbsp;&nbsp; 26576 | &nbsp;&nbsp; 479431 |
| Enterprise Products Partners LP<sup>(b)</sup> <br>| &nbsp;&nbsp; 14913 | &nbsp;&nbsp; 462154 |
| Total |  | &nbsp;&nbsp; 941585 |
| **Total Energy** | **Total Energy** | &nbsp;&nbsp; **941585** |
| &nbsp;&nbsp; Total Limited Partnerships <br>(Cost $886,892) | &nbsp;&nbsp; Total Limited Partnerships <br>(Cost $886,892) | &nbsp;&nbsp; **941585** |
| **Warrants —%** | **Warrants —%** | **Warrants —%** |
| **Information Technology —%** | **Information Technology —%** | **Information Technology —%** |
| **Software —%** | **Software —%** | **Software —%** |
| &nbsp;&nbsp; Constellation Software, Inc.<sup>(a),(c),(d)</sup> <br>03/31/2040<br>| &nbsp;&nbsp; 100 | &nbsp;&nbsp; — |
| **Total Information Technology** | **Total Information Technology** | &nbsp;&nbsp; **—** |
| &nbsp;&nbsp; Total Warrants <br>(Cost $—) | &nbsp;&nbsp; Total Warrants <br>(Cost $—) | &nbsp;&nbsp; **—** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| **Call Option Contracts Purchased 0.8%** | **Call Option Contracts Purchased 0.8%** |
|  | **Value ($)** |
| (Cost $1,717,239) | &nbsp;&nbsp; **2219038** |

---

Multi-Manager Directional Alternative Strategies Fund \| 2025

------

Portfolio of Investments (continued)

Multi-Manager Directional Alternative Strategies Fund, July 31, 2025 (Unaudited)

---

| | |
|:---|:---|
| **Put Option Contracts Purchased 0.7%** | **Put Option Contracts Purchased 0.7%** |
|  | **Value ($)** |
| (Cost $3,094,312) | &nbsp;&nbsp; **2142326** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Money Market Funds 15.5%** | **Money Market Funds 15.5%** | **Money Market Funds 15.5%** |
|  | **Shares** | **Value ($)** |
| Columbia Short-Term Cash Fund, 4.473%<sup>(e),(f)</sup> <br>| &nbsp;&nbsp; 44629049 | &nbsp;&nbsp; 44615661 |
| &nbsp;&nbsp; Total Money Market Funds <br>(Cost $44,619,064) | &nbsp;&nbsp; Total Money Market Funds <br>(Cost $44,619,064) | &nbsp;&nbsp; **44615661** |
| &nbsp;&nbsp; Total Investments <br>(Cost $229,033,734) | &nbsp;&nbsp; Total Investments <br>(Cost $229,033,734) | &nbsp;&nbsp; **275527091** |
| **Investments in Securities Sold Short** | **Investments in Securities Sold Short** | **Investments in Securities Sold Short** |
| **Common Stocks (22.9)%** | **Common Stocks (22.9)%** | **Common Stocks (22.9)%** |
| **Issuer** | **Shares** | **Value ($)** |
| **Communication Services (0.6)%** | **Communication Services (0.6)%** | **Communication Services (0.6)%** |
| **Diversified Telecommunication Services (0.4)%** | **Diversified Telecommunication Services (0.4)%** | **Diversified Telecommunication Services (0.4)%** |
| Liberty Global Ltd., Class C<sup>(a)</sup> <br>| &nbsp;&nbsp; (34371)<br>| &nbsp;&nbsp; (351615)<br>|
| Lumen Technologies, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; (60580)<br>| &nbsp;&nbsp; (269581)<br>|
| Telia Co. AB | &nbsp;&nbsp; (90641)<br>| &nbsp;&nbsp; (320118)<br>|
| TELUS Corp. | &nbsp;&nbsp; (10504)<br>| &nbsp;&nbsp; (169204)<br>|
| Total |  | &nbsp;&nbsp; (1110518)<br>|
| **Media (0.2)%** | **Media (0.2)%** | **Media (0.2)%** |
| Dentsu, Inc. | &nbsp;&nbsp; (18500)<br>| &nbsp;&nbsp; (364831)<br>|
| Fuji Media Holdings, Inc. | &nbsp;&nbsp; (10700)<br>| &nbsp;&nbsp; (252237)<br>|
| Total |  | &nbsp;&nbsp; (617068)<br>|
| **Total Communication Services** | **Total Communication Services** | &nbsp;&nbsp; **(1727586)**<br>|
| **Consumer Discretionary (3.0)%** | **Consumer Discretionary (3.0)%** | **Consumer Discretionary (3.0)%** |
| **Automobile Components (0.3)%** | **Automobile Components (0.3)%** | **Automobile Components (0.3)%** |
| Fox Factory Holding Corp.<sup>(a)</sup> <br>| &nbsp;&nbsp; (7563)<br>| &nbsp;&nbsp; (229688)<br>|
| Nokian Renkaat OYJ | &nbsp;&nbsp; (38014)<br>| &nbsp;&nbsp; (341280)<br>|
| QuantumScape Corp.<sup>(a)</sup> <br>| &nbsp;&nbsp; (35673)<br>| &nbsp;&nbsp; (306788)<br>|
| Total |  | &nbsp;&nbsp; (877756)<br>|
| **Automobiles (0.2)%** | **Automobiles (0.2)%** | **Automobiles (0.2)%** |
| Rivian Automotive, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; (15160)<br>| &nbsp;&nbsp; (195109)<br>|
| Thor Industries, Inc. | &nbsp;&nbsp; (4107)<br>| &nbsp;&nbsp; (373696)<br>|
| Total |  | &nbsp;&nbsp; (568805)<br>|
| **Diversified Consumer Services (0.2)%** | **Diversified Consumer Services (0.2)%** | **Diversified Consumer Services (0.2)%** |
| Service Corp. International | &nbsp;&nbsp; (7039)<br>| &nbsp;&nbsp; (537146)<br>|

---

---

| | | |
|:---|:---|:---|
| **Common Stocks (continued)** | **Common Stocks (continued)** | **Common Stocks (continued)** |
| **Issuer** | **Shares** | **Value ($)** |
| **Hotels, Restaurants & Leisure (1.3)%** | **Hotels, Restaurants & Leisure (1.3)%** | **Hotels, Restaurants & Leisure (1.3)%** |
| Choice Hotels International, Inc. | &nbsp;&nbsp; (3558)<br>| &nbsp;&nbsp; (454392)<br>|
| Cracker Barrel Old Country Store, Inc. | &nbsp;&nbsp; (3854)<br>| &nbsp;&nbsp; (238948)<br>|
| Hyatt Hotels Corp., Class A | &nbsp;&nbsp; (2562)<br>| &nbsp;&nbsp; (361165)<br>|
| InterContinental Hotels Group PLC | &nbsp;&nbsp; (1150)<br>| &nbsp;&nbsp; (132296)<br>|
| MGM Resorts International<sup>(a)</sup> <br>| &nbsp;&nbsp; (5347)<br>| &nbsp;&nbsp; (194898)<br>|
| Royal Caribbean Cruises Ltd. | &nbsp;&nbsp; (4778)<br>| &nbsp;&nbsp; (1518783)<br>|
| Seaworld Entertainment, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; (7554)<br>| &nbsp;&nbsp; (357531)<br>|
| Shake Shack, Inc., Class A<sup>(a)</sup> <br>| &nbsp;&nbsp; (1412)<br>| &nbsp;&nbsp; (169920)<br>|
| Wendy's Co. (The) | &nbsp;&nbsp; (20675)<br>| &nbsp;&nbsp; (203649)<br>|
| Total |  | &nbsp;&nbsp; (3631582)<br>|
| **Household Durables (0.3)%** | **Household Durables (0.3)%** | **Household Durables (0.3)%** |
| KB Home | &nbsp;&nbsp; (7560)<br>| &nbsp;&nbsp; (417766)<br>|
| LGI Homes, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; (8072)<br>| &nbsp;&nbsp; (429995)<br>|
| Total |  | &nbsp;&nbsp; (847761)<br>|
| **Leisure Products (0.1)%** | **Leisure Products (0.1)%** | **Leisure Products (0.1)%** |
| Acushnet Holdings Corp. | &nbsp;&nbsp; (5243)<br>| &nbsp;&nbsp; (417448)<br>|
| **Specialty Retail (0.4)%** | **Specialty Retail (0.4)%** | **Specialty Retail (0.4)%** |
| CarMax, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; (3709)<br>| &nbsp;&nbsp; (209966)<br>|
| Carvana Co.<sup>(a)</sup> <br>| &nbsp;&nbsp; (522)<br>| &nbsp;&nbsp; (203669)<br>|
| Dick's Sporting Goods, Inc. | &nbsp;&nbsp; (1403)<br>| &nbsp;&nbsp; (296749)<br>|
| Floor & Decor Holdings, Inc., Class A<sup>(a)</sup> <br>| &nbsp;&nbsp; (1505)<br>| &nbsp;&nbsp; (115343)<br>|
| Tractor Supply Co. | &nbsp;&nbsp; (5359)<br>| &nbsp;&nbsp; (305195)<br>|
| Total |  | &nbsp;&nbsp; (1130922)<br>|
| **Textiles, Apparel & Luxury Goods (0.2)%** | **Textiles, Apparel & Luxury Goods (0.2)%** | **Textiles, Apparel & Luxury Goods (0.2)%** |
| Birkenstock Holding PLC<sup>(a)</sup> <br>| &nbsp;&nbsp; (3005)<br>| &nbsp;&nbsp; (150520)<br>|
| Lululemon Athletica, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; (1265)<br>| &nbsp;&nbsp; (253670)<br>|
| Moncler SpA | &nbsp;&nbsp; (2311)<br>| &nbsp;&nbsp; (123252)<br>|
| On Holding AG<sup>(a)</sup> <br>| &nbsp;&nbsp; (3243)<br>| &nbsp;&nbsp; (157513)<br>|
| Total |  | &nbsp;&nbsp; (684955)<br>|
| **Total Consumer Discretionary** | **Total Consumer Discretionary** | &nbsp;&nbsp; **(8696375)**<br>|

---

Multi-Manager Directional Alternative Strategies Fund \| 2025

------

Portfolio of Investments (continued)

Multi-Manager Directional Alternative Strategies Fund, July 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Common Stocks (continued)** | **Common Stocks (continued)** | **Common Stocks (continued)** |
| **Issuer** | **Shares** | **Value ($)** |
| **Consumer Staples (2.4)%** | **Consumer Staples (2.4)%** | **Consumer Staples (2.4)%** |
| **Beverages (0.4)%** | **Beverages (0.4)%** | **Beverages (0.4)%** |
| Becle SAB de CV | &nbsp;&nbsp; (186500)<br>| &nbsp;&nbsp; (233706)<br>|
| Boston Beer Co., Inc. (The), Class A<sup>(a)</sup> <br>| &nbsp;&nbsp; (784)<br>| &nbsp;&nbsp; (162351)<br>|
| Brown-Forman Corp., Class B | &nbsp;&nbsp; (12852)<br>| &nbsp;&nbsp; (370780)<br>|
| National Beverage Corp.<sup>(a)</sup> <br>| &nbsp;&nbsp; (4805)<br>| &nbsp;&nbsp; (220165)<br>|
| Treasury Wine Estates Ltd. | &nbsp;&nbsp; (36892)<br>| &nbsp;&nbsp; (178396)<br>|
| Total |  | &nbsp;&nbsp; (1165398)<br>|
| **Consumer Staples Distribution & Retail (1.1)%** | **Consumer Staples Distribution & Retail (1.1)%** | **Consumer Staples Distribution & Retail (1.1)%** |
| Costco Wholesale Corp. | &nbsp;&nbsp; (220)<br>| &nbsp;&nbsp; (206721)<br>|
| Dollar General Corp. | &nbsp;&nbsp; (2213)<br>| &nbsp;&nbsp; (232144)<br>|
| United Natural Foods, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; (8365)<br>| &nbsp;&nbsp; (231208)<br>|
| Wal-Mart Stores, Inc. | &nbsp;&nbsp; (27494)<br>| &nbsp;&nbsp; (2693862)<br>|
| Total |  | &nbsp;&nbsp; (3363935)<br>|
| **Food Products (0.5)%** | **Food Products (0.5)%** | **Food Products (0.5)%** |
| Hershey Co. (The) | &nbsp;&nbsp; (2133)<br>| &nbsp;&nbsp; (397015)<br>|
| Hormel Foods Corp. | &nbsp;&nbsp; (8877)<br>| &nbsp;&nbsp; (249355)<br>|
| Kellogg Co. | &nbsp;&nbsp; (2967)<br>| &nbsp;&nbsp; (236856)<br>|
| Kikkoman Corp. | &nbsp;&nbsp; (13100)<br>| &nbsp;&nbsp; (115083)<br>|
| Kraft Heinz Co. (The) | &nbsp;&nbsp; (8544)<br>| &nbsp;&nbsp; (234618)<br>|
| Lotus Bakeries NV | &nbsp;&nbsp; (26)<br>| &nbsp;&nbsp; (219815)<br>|
| Total |  | &nbsp;&nbsp; (1452742)<br>|
| **Household Products (0.2)%** | **Household Products (0.2)%** | **Household Products (0.2)%** |
| Church & Dwight Co., Inc. | &nbsp;&nbsp; (2333)<br>| &nbsp;&nbsp; (218765)<br>|
| Kimberly-Clark Corp. | &nbsp;&nbsp; (2397)<br>| &nbsp;&nbsp; (298714)<br>|
| Total |  | &nbsp;&nbsp; (517479)<br>|
| **Personal Care Products (0.2)%** | **Personal Care Products (0.2)%** | **Personal Care Products (0.2)%** |
| Beiersdorf AG | &nbsp;&nbsp; (2184)<br>| &nbsp;&nbsp; (271389)<br>|
| Coty, Inc., Class A<sup>(a)</sup> <br>| &nbsp;&nbsp; (54106)<br>| &nbsp;&nbsp; (262414)<br>|
| Total |  | &nbsp;&nbsp; (533803)<br>|
| **Total Consumer Staples** | **Total Consumer Staples** | &nbsp;&nbsp; **(7033357)**<br>|
| **Energy (0.1)%** | **Energy (0.1)%** | **Energy (0.1)%** |
| **Oil, Gas & Consumable Fuels (0.1)%** | **Oil, Gas & Consumable Fuels (0.1)%** | **Oil, Gas & Consumable Fuels (0.1)%** |
| Occidental Petroleum Corp. | &nbsp;&nbsp; (5897)<br>| &nbsp;&nbsp; (259114)<br>|
| PBF Energy, Inc., Class A | &nbsp;&nbsp; (3476)<br>| &nbsp;&nbsp; (78558)<br>|
| Total |  | &nbsp;&nbsp; (337672)<br>|
| **Total Energy** | **Total Energy** | &nbsp;&nbsp; **(337672)**<br>|

---

---

| | | |
|:---|:---|:---|
| **Common Stocks (continued)** | **Common Stocks (continued)** | **Common Stocks (continued)** |
| **Issuer** | **Shares** | **Value ($)** |
| **Financials (4.5)%** | **Financials (4.5)%** | **Financials (4.5)%** |
| **Banks (1.7)%** | **Banks (1.7)%** | **Banks (1.7)%** |
| Aozora Bank Ltd. | &nbsp;&nbsp; (33800)<br>| &nbsp;&nbsp; (495893)<br>|
| Bank of Hawaii Corp. | &nbsp;&nbsp; (9010)<br>| &nbsp;&nbsp; (557539)<br>|
| Commonwealth Bank of Australia | &nbsp;&nbsp; (5875)<br>| &nbsp;&nbsp; (666986)<br>|
| Cullen/Frost Bankers, Inc. | &nbsp;&nbsp; (1671)<br>| &nbsp;&nbsp; (212902)<br>|
| CVB Financial Corp. | &nbsp;&nbsp; (12599)<br>| &nbsp;&nbsp; (235475)<br>|
| First Financial Bankshares, Inc. | &nbsp;&nbsp; (17014)<br>| &nbsp;&nbsp; (589025)<br>|
| Glacier Bancorp, Inc. | &nbsp;&nbsp; (16648)<br>| &nbsp;&nbsp; (729682)<br>|
| Hang Seng Bank Ltd. | &nbsp;&nbsp; (40800)<br>| &nbsp;&nbsp; (594321)<br>|
| Texas Capital Bancshares, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; (5040)<br>| &nbsp;&nbsp; (423209)<br>|
| United Bankshares, Inc. | &nbsp;&nbsp; (6846)<br>| &nbsp;&nbsp; (243170)<br>|
| Total |  | &nbsp;&nbsp; (4748202)<br>|
| **Capital Markets (0.8)%** | **Capital Markets (0.8)%** | **Capital Markets (0.8)%** |
| Blackstone, Inc. | &nbsp;&nbsp; (3137)<br>| &nbsp;&nbsp; (542575)<br>|
| EQT AB | &nbsp;&nbsp; (18313)<br>| &nbsp;&nbsp; (612096)<br>|
| Moelis & Co., Class A | &nbsp;&nbsp; (8166)<br>| &nbsp;&nbsp; (572763)<br>|
| T Rowe Price Group, Inc. | &nbsp;&nbsp; (4329)<br>| &nbsp;&nbsp; (439177)<br>|
| Total |  | &nbsp;&nbsp; (2166611)<br>|
| **Consumer Finance (0.2)%** | **Consumer Finance (0.2)%** | **Consumer Finance (0.2)%** |
| Credit Acceptance Corp.<sup>(a)</sup> <br>| &nbsp;&nbsp; (1107)<br>| &nbsp;&nbsp; (542740)<br>|
| **Financial Services (0.4)%** | **Financial Services (0.4)%** | **Financial Services (0.4)%** |
| Visa, Inc., Class A | &nbsp;&nbsp; (3531)<br>| &nbsp;&nbsp; (1219855)<br>|
| **Insurance (1.4)%** | **Insurance (1.4)%** | **Insurance (1.4)%** |
| Cincinnati Financial Corp. | &nbsp;&nbsp; (1908)<br>| &nbsp;&nbsp; (281449)<br>|
| Erie Indemnity Co., Class A | &nbsp;&nbsp; (259)<br>| &nbsp;&nbsp; (92266)<br>|
| Goosehead Insurance, Inc. | &nbsp;&nbsp; (16945)<br>| &nbsp;&nbsp; (1540470)<br>|
| Kinsale Capital Group, Inc. | &nbsp;&nbsp; (908)<br>| &nbsp;&nbsp; (400146)<br>|
| Lemonade, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; (3641)<br>| &nbsp;&nbsp; (137193)<br>|
| Oscar Health, Inc., Class A<sup>(a)</sup> <br>| &nbsp;&nbsp; (61621)<br>| &nbsp;&nbsp; (865775)<br>|
| RLI Corp. | &nbsp;&nbsp; (3539)<br>| &nbsp;&nbsp; (233539)<br>|
| Swiss Re AG | &nbsp;&nbsp; (1353)<br>| &nbsp;&nbsp; (242189)<br>|
| Trupanion, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; (1958)<br>| &nbsp;&nbsp; (92829)<br>|
| Zurich Insurance Group AG | &nbsp;&nbsp; (373)<br>| &nbsp;&nbsp; (254426)<br>|
| Total |  | &nbsp;&nbsp; (4140282)<br>|
| **Total Financials** | **Total Financials** | &nbsp;&nbsp; **(12817690)**<br>|

---

Multi-Manager Directional Alternative Strategies Fund \| 2025

------

Portfolio of Investments (continued)

Multi-Manager Directional Alternative Strategies Fund, July 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Common Stocks (continued)** | **Common Stocks (continued)** | **Common Stocks (continued)** |
| **Issuer** | **Shares** | **Value ($)** |
| **Health Care (2.8)%** | **Health Care (2.8)%** | **Health Care (2.8)%** |
| **Biotechnology (0.5)%** | **Biotechnology (0.5)%** | **Biotechnology (0.5)%** |
| Anavex Life Sciences Corp.<sup>(a)</sup> <br>| &nbsp;&nbsp; (9953)<br>| &nbsp;&nbsp; (112469)<br>|
| ARS Pharmaceuticals, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; (6949)<br>| &nbsp;&nbsp; (122858)<br>|
| Ascendis Pharma A/S ADR<sup>(a)</sup> <br>| &nbsp;&nbsp; (849)<br>| &nbsp;&nbsp; (147301)<br>|
| Caris Life Sciences, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; (5061)<br>| &nbsp;&nbsp; (142113)<br>|
| GRAIL, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; (2856)<br>| &nbsp;&nbsp; (97704)<br>|
| Madrigal Pharmaceuticals, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; (400)<br>| &nbsp;&nbsp; (121004)<br>|
| Myriad Genetics, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; (7264)<br>| &nbsp;&nbsp; (27894)<br>|
| Recursion Pharmaceuticals, Inc., Class A<sup>(a)</sup> <br>| &nbsp;&nbsp; (19801)<br>| &nbsp;&nbsp; (117816)<br>|
| Rhythm Pharmaceuticals, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; (1426)<br>| &nbsp;&nbsp; (121538)<br>|
| TG Therapeutics, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; (3343)<br>| &nbsp;&nbsp; (118676)<br>|
| Vericel Corp.<sup>(a)</sup> <br>| &nbsp;&nbsp; (9940)<br>| &nbsp;&nbsp; (347304)<br>|
| Total |  | &nbsp;&nbsp; (1476677)<br>|
| **Health Care Equipment & Supplies (0.1)%** | **Health Care Equipment & Supplies (0.1)%** | **Health Care Equipment & Supplies (0.1)%** |
| Ambu A/S | &nbsp;&nbsp; (5307)<br>| &nbsp;&nbsp; (77471)<br>|
| Carl Zeiss Meditec AG | &nbsp;&nbsp; (2412)<br>| &nbsp;&nbsp; (133002)<br>|
| Dexcom, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; (1558)<br>| &nbsp;&nbsp; (125840)<br>|
| Neogen Corp.<sup>(a)</sup> <br>| &nbsp;&nbsp; (10391)<br>| &nbsp;&nbsp; (48318)<br>|
| Total |  | &nbsp;&nbsp; (384631)<br>|
| **Health Care Providers & Services (0.2)%** | **Health Care Providers & Services (0.2)%** | **Health Care Providers & Services (0.2)%** |
| Hims & Hers Health, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; (2218)<br>| &nbsp;&nbsp; (146787)<br>|
| Hinge Health, Inc., Class A<sup>(a)</sup> <br>| &nbsp;&nbsp; (3232)<br>| &nbsp;&nbsp; (145279)<br>|
| Omada Health, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; (6831)<br>| &nbsp;&nbsp; (119679)<br>|
| Total |  | &nbsp;&nbsp; (411745)<br>|
| **Health Care Technology (0.0)%** | **Health Care Technology (0.0)%** | **Health Care Technology (0.0)%** |
| Doximity, Inc., Class A<sup>(a)</sup> <br>| &nbsp;&nbsp; (2042)<br>| &nbsp;&nbsp; (119968)<br>|
| **Life Sciences Tools & Services (0.1)%** | **Life Sciences Tools & Services (0.1)%** | **Life Sciences Tools & Services (0.1)%** |
| 10X Genomics, Inc., Class A<sup>(a)</sup> <br>| &nbsp;&nbsp; (9014)<br>| &nbsp;&nbsp; (121238)<br>|
| Oxford Nanopore Technologies PLC<sup>(a)</sup> <br>| &nbsp;&nbsp; (48846)<br>| &nbsp;&nbsp; (130932)<br>|
| Total |  | &nbsp;&nbsp; (252170)<br>|
| **Pharmaceuticals (1.9)%** | **Pharmaceuticals (1.9)%** | **Pharmaceuticals (1.9)%** |
| Bristol-Myers Squibb Co. | &nbsp;&nbsp; (64582)<br>| &nbsp;&nbsp; (2797046)<br>|
| Corcept Therapeutics, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; (1780)<br>| &nbsp;&nbsp; (119563)<br>|
| Zoetis, Inc. | &nbsp;&nbsp; (17837)<br>| &nbsp;&nbsp; (2600456)<br>|
| Total |  | &nbsp;&nbsp; (5517065)<br>|
| **Total Health Care** | **Total Health Care** | &nbsp;&nbsp; **(8162256)**<br>|

---

---

| | | |
|:---|:---|:---|
| **Common Stocks (continued)** | **Common Stocks (continued)** | **Common Stocks (continued)** |
| **Issuer** | **Shares** | **Value ($)** |
| **Industrials (3.3)%** | **Industrials (3.3)%** | **Industrials (3.3)%** |
| **Aerospace & Defense (0.1)%** | **Aerospace & Defense (0.1)%** | **Aerospace & Defense (0.1)%** |
| Northrop Grumman Corp. | &nbsp;&nbsp; (466)<br>| &nbsp;&nbsp; (268700)<br>|
| **Air Freight & Logistics (0.1)%** | **Air Freight & Logistics (0.1)%** | **Air Freight & Logistics (0.1)%** |
| GXO Logistics, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; (4331)<br>| &nbsp;&nbsp; (215294)<br>|
| **Building Products (0.4)%** | **Building Products (0.4)%** | **Building Products (0.4)%** |
| Hayward Holdings, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; (29402)<br>| &nbsp;&nbsp; (452203)<br>|
| Simpson Manufacturing Co., Inc. | &nbsp;&nbsp; (1656)<br>| &nbsp;&nbsp; (297136)<br>|
| Trex Co., Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; (5722)<br>| &nbsp;&nbsp; (367581)<br>|
| Total |  | &nbsp;&nbsp; (1116920)<br>|
| **Commercial Services & Supplies (0.4)%** | **Commercial Services & Supplies (0.4)%** | **Commercial Services & Supplies (0.4)%** |
| Copart, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; (19190)<br>| &nbsp;&nbsp; (869883)<br>|
| Montrose Environmental Group, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; (11073)<br>| &nbsp;&nbsp; (251246)<br>|
| Tetra Tech, Inc. | &nbsp;&nbsp; (3910)<br>| &nbsp;&nbsp; (143654)<br>|
| Total |  | &nbsp;&nbsp; (1264783)<br>|
| **Construction & Engineering (0.1)%** | **Construction & Engineering (0.1)%** | **Construction & Engineering (0.1)%** |
| Arcosa, Inc. | &nbsp;&nbsp; (2065)<br>| &nbsp;&nbsp; (177342)<br>|
| **Electrical Equipment (0.2)%** | **Electrical Equipment (0.2)%** | **Electrical Equipment (0.2)%** |
| Bloom Energy Corp., Class A<sup>(a)</sup> <br>| &nbsp;&nbsp; (11002)<br>| &nbsp;&nbsp; (411365)<br>|
| nVent Electric PLC | &nbsp;&nbsp; (2028)<br>| &nbsp;&nbsp; (159035)<br>|
| Regal Rexnord Corp. | &nbsp;&nbsp; (943)<br>| &nbsp;&nbsp; (144166)<br>|
| Total |  | &nbsp;&nbsp; (714566)<br>|
| **Machinery (1.4)%** | **Machinery (1.4)%** | **Machinery (1.4)%** |
| Husqvarna AB | &nbsp;&nbsp; (56420)<br>| &nbsp;&nbsp; (305577)<br>|
| Illinois Tool Works | &nbsp;&nbsp; (7084)<br>| &nbsp;&nbsp; (1813291)<br>|
| Kornit Digital Ltd.<sup>(a)</sup> <br>| &nbsp;&nbsp; (12051)<br>| &nbsp;&nbsp; (241261)<br>|
| Proto Labs, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; (12744)<br>| &nbsp;&nbsp; (549521)<br>|
| Spirax-Sarco Engineering PLC | &nbsp;&nbsp; (3046)<br>| &nbsp;&nbsp; (254550)<br>|
| Toro Co. (The) | &nbsp;&nbsp; (3471)<br>| &nbsp;&nbsp; (257722)<br>|
| VAT Group AG | &nbsp;&nbsp; (1528)<br>| &nbsp;&nbsp; (535089)<br>|
| Total |  | &nbsp;&nbsp; (3957011)<br>|
| **Marine Transportation (0.1)%** | **Marine Transportation (0.1)%** | **Marine Transportation (0.1)%** |
| &nbsp;&nbsp; Kuehne + Nagel International AG, Registered <br> Shares<br>| &nbsp;&nbsp; (741)<br>| &nbsp;&nbsp; (151074)<br>|
| Mitsui OSK Lines Ltd. | &nbsp;&nbsp; (5200)<br>| &nbsp;&nbsp; (174784)<br>|
| Total |  | &nbsp;&nbsp; (325858)<br>|
| **Passenger Airlines (0.1)%** | **Passenger Airlines (0.1)%** | **Passenger Airlines (0.1)%** |
| American Airlines Group, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; (20834)<br>| &nbsp;&nbsp; (239383)<br>|

---

Multi-Manager Directional Alternative Strategies Fund \| 2025

------

Portfolio of Investments (continued)

Multi-Manager Directional Alternative Strategies Fund, July 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Common Stocks (continued)** | **Common Stocks (continued)** | **Common Stocks (continued)** |
| **Issuer** | **Shares** | **Value ($)** |
| **Professional Services (0.3)%** | **Professional Services (0.3)%** | **Professional Services (0.3)%** |
| Alight, Inc. | &nbsp;&nbsp; (40046)<br>| &nbsp;&nbsp; (214646)<br>|
| Booz Allen Hamilton Holdings Corp. | &nbsp;&nbsp; (2027)<br>| &nbsp;&nbsp; (217558)<br>|
| Dayforce, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; (2646)<br>| &nbsp;&nbsp; (152595)<br>|
| ICF International, Inc. | &nbsp;&nbsp; (2226)<br>| &nbsp;&nbsp; (186739)<br>|
| Total |  | &nbsp;&nbsp; (771538)<br>|
| **Trading Companies & Distributors (0.1)%** | **Trading Companies & Distributors (0.1)%** | **Trading Companies & Distributors (0.1)%** |
| SiteOne Landscape Supply, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; (2290)<br>| &nbsp;&nbsp; (315631)<br>|
| **Total Industrials** | **Total Industrials** | &nbsp;&nbsp; **(9367026)**<br>|
| **Information Technology (4.2)%** | **Information Technology (4.2)%** | **Information Technology (4.2)%** |
| **Communications Equipment (0.2)%** | **Communications Equipment (0.2)%** | **Communications Equipment (0.2)%** |
| Ciena Corp.<sup>(a)</sup> <br>| &nbsp;&nbsp; (6860)<br>| &nbsp;&nbsp; (636882)<br>|
| **Electronic Equipment, Instruments & Components (0.7)%** | **Electronic Equipment, Instruments & Components (0.7)%** | **Electronic Equipment, Instruments & Components (0.7)%** |
| Cognex Corp. | &nbsp;&nbsp; (14854)<br>| &nbsp;&nbsp; (605597)<br>|
| Keysight Technologies, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; (5579)<br>| &nbsp;&nbsp; (914454)<br>|
| Novanta, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; (4789)<br>| &nbsp;&nbsp; (589143)<br>|
| Total |  | &nbsp;&nbsp; (2109194)<br>|
| **IT Services (0.2)%** | **IT Services (0.2)%** | **IT Services (0.2)%** |
| Amdocs Ltd. | &nbsp;&nbsp; (3590)<br>| &nbsp;&nbsp; (306442)<br>|
| Infosys Ltd., ADR | &nbsp;&nbsp; (18298)<br>| &nbsp;&nbsp; (305943)<br>|
| Total |  | &nbsp;&nbsp; (612385)<br>|
| **Semiconductors & Semiconductor Equipment (2.7)%** | **Semiconductors & Semiconductor Equipment (2.7)%** | **Semiconductors & Semiconductor Equipment (2.7)%** |
| BE Semiconductor Industries NV | &nbsp;&nbsp; (7834)<br>| &nbsp;&nbsp; (1058466)<br>|
| Broadcom, Inc. | &nbsp;&nbsp; (8215)<br>| &nbsp;&nbsp; (2412746)<br>|
| Entegris, Inc. | &nbsp;&nbsp; (4025)<br>| &nbsp;&nbsp; (315802)<br>|
| Micron Technology, Inc. | &nbsp;&nbsp; (15301)<br>| &nbsp;&nbsp; (1669951)<br>|
| Monolithic Power Systems, Inc. | &nbsp;&nbsp; (694)<br>| &nbsp;&nbsp; (493601)<br>|
| Onto Innovation, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; (4427)<br>| &nbsp;&nbsp; (419458)<br>|
| Power Integrations, Inc. | &nbsp;&nbsp; (10681)<br>| &nbsp;&nbsp; (518242)<br>|
| Universal Display Corp. | &nbsp;&nbsp; (5666)<br>| &nbsp;&nbsp; (818170)<br>|
| Total |  | &nbsp;&nbsp; (7706436)<br>|
| **Software (0.1)%** | **Software (0.1)%** | **Software (0.1)%** |
| Blackline, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; (4442)<br>| &nbsp;&nbsp; (238891)<br>|
| **Technology Hardware, Storage & Peripherals (0.3)%** | **Technology Hardware, Storage & Peripherals (0.3)%** | **Technology Hardware, Storage & Peripherals (0.3)%** |
| Apple, Inc. | &nbsp;&nbsp; (3904)<br>| &nbsp;&nbsp; (810353)<br>|
| **Total Information Technology** | **Total Information Technology** | &nbsp;&nbsp; **(12114141)**<br>|

---

---

| | | |
|:---|:---|:---|
| **Common Stocks (continued)** | **Common Stocks (continued)** | **Common Stocks (continued)** |
| **Issuer** | **Shares** | **Value ($)** |
| **Materials (0.6)%** | **Materials (0.6)%** | **Materials (0.6)%** |
| **Chemicals (0.2)%** | **Chemicals (0.2)%** | **Chemicals (0.2)%** |
| Axalta Coating Systems Ltd.<sup>(a)</sup> <br>| &nbsp;&nbsp; (6660)<br>| &nbsp;&nbsp; (188611)<br>|
| BASF SE | &nbsp;&nbsp; (3538)<br>| &nbsp;&nbsp; (173395)<br>|
| Ganfeng Lithium Group Co., Ltd., Class H | &nbsp;&nbsp; (35000)<br>| &nbsp;&nbsp; (116178)<br>|
| Total |  | &nbsp;&nbsp; (478184)<br>|
| **Containers & Packaging (0.3)%** | **Containers & Packaging (0.3)%** | **Containers & Packaging (0.3)%** |
| Amcor PLC | &nbsp;&nbsp; (30498)<br>| &nbsp;&nbsp; (285156)<br>|
| Graphic Packaging Holding Co. | &nbsp;&nbsp; (6147)<br>| &nbsp;&nbsp; (137447)<br>|
| Greif, Inc., Class A | &nbsp;&nbsp; (7380)<br>| &nbsp;&nbsp; (468114)<br>|
| Total |  | &nbsp;&nbsp; (890717)<br>|
| **Paper & Forest Products (0.1)%** | **Paper & Forest Products (0.1)%** | **Paper & Forest Products (0.1)%** |
| Stora Enso OYJ, Class R | &nbsp;&nbsp; (25922)<br>| &nbsp;&nbsp; (266724)<br>|
| **Total Materials** | **Total Materials** | &nbsp;&nbsp; **(1635625)**<br>|
| **Real Estate (1.0)%** | **Real Estate (1.0)%** | **Real Estate (1.0)%** |
| **Diversified REITs (0.1)%** | **Diversified REITs (0.1)%** | **Diversified REITs (0.1)%** |
| Nomura Real Estate Master Fund, Inc. | &nbsp;&nbsp; (355)<br>| &nbsp;&nbsp; (373881)<br>|
| **Industrial REITs (0.1)%** | **Industrial REITs (0.1)%** | **Industrial REITs (0.1)%** |
| Segro PLC | &nbsp;&nbsp; (37669)<br>| &nbsp;&nbsp; (321043)<br>|
| **Office REITs (0.2)%** | **Office REITs (0.2)%** | **Office REITs (0.2)%** |
| SL Green Realty Corp. | &nbsp;&nbsp; (9697)<br>| &nbsp;&nbsp; (555153)<br>|
| **Real Estate Management & Development (0.2)%** | **Real Estate Management & Development (0.2)%** | **Real Estate Management & Development (0.2)%** |
| Sagax AB, Class B | &nbsp;&nbsp; (20751)<br>| &nbsp;&nbsp; (439208)<br>|
| **Residential REITs (0.1)%** | **Residential REITs (0.1)%** | **Residential REITs (0.1)%** |
| Mid-America Apartment Communities, Inc. | &nbsp;&nbsp; (2635)<br>| &nbsp;&nbsp; (375303)<br>|
| **Retail REITs (0.2)%** | **Retail REITs (0.2)%** | **Retail REITs (0.2)%** |
| Unibail-Rodamco-Westfield | &nbsp;&nbsp; (5048)<br>| &nbsp;&nbsp; (489350)<br>|
| **Specialized REITs (0.1)%** | **Specialized REITs (0.1)%** | **Specialized REITs (0.1)%** |
| Digital Realty Trust, Inc. | &nbsp;&nbsp; (2131)<br>| &nbsp;&nbsp; (375994)<br>|
| **Total Real Estate** | **Total Real Estate** | &nbsp;&nbsp; **(2929932)**<br>|

---

Multi-Manager Directional Alternative Strategies Fund \| 2025

------

Portfolio of Investments (continued)

Multi-Manager Directional Alternative Strategies Fund, July 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Common Stocks (continued)** | **Common Stocks (continued)** | **Common Stocks (continued)** |
| **Issuer** | **Shares** | **Value ($)** |
| **Utilities (0.4)%** | **Utilities (0.4)%** | **Utilities (0.4)%** |
| **Electric Utilities (0.4)%** | **Electric Utilities (0.4)%** | **Electric Utilities (0.4)%** |
| Fortis, Inc. | &nbsp;&nbsp; (9156)<br>| &nbsp;&nbsp; (448369)<br>|
| Verbund AG | &nbsp;&nbsp; (7367)<br>| &nbsp;&nbsp; (548544)<br>|
| Total |  | &nbsp;&nbsp; (996913)<br>|
| **Total Utilities** | **Total Utilities** | &nbsp;&nbsp; **(996913)**<br>|
| &nbsp;&nbsp; Total Common Stocks <br>(Proceeds $68,196,223) | &nbsp;&nbsp; Total Common Stocks <br>(Proceeds $68,196,223) | &nbsp;&nbsp; **(65818573)**<br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Preferred Stocks (0.1)%** | **Preferred Stocks (0.1)%** | **Preferred Stocks (0.1)%** |
| **Issuer** | **Shares** | **Value ($)** |
| **Consumer Discretionary (0.1)%** | **Consumer Discretionary (0.1)%** | **Consumer Discretionary (0.1)%** |
| **Automobiles (0.1)%** | **Automobiles (0.1)%** | **Automobiles (0.1)%** |
| Dr. Ing. h.c. F. Porsche AG | &nbsp;&nbsp; (4785)<br>| &nbsp;&nbsp; (242631)<br>|
| **Total Consumer Discretionary** | **Total Consumer Discretionary** | &nbsp;&nbsp; **(242631)**<br>|
| &nbsp;&nbsp; Total Preferred Stocks <br>(Proceeds $368,093) | &nbsp;&nbsp; Total Preferred Stocks <br>(Proceeds $368,093) | &nbsp;&nbsp; **(242631)**<br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Exchange-Traded Equity Funds (5.7)%** | **Exchange-Traded Equity Funds (5.7)%** | **Exchange-Traded Equity Funds (5.7)%** |
|  | **Shares** | **Value ($)** |
| **U.S. Mid Large Cap (3.9)%** | **U.S. Mid Large Cap (3.9)%** | **U.S. Mid Large Cap (3.9)%** |
| VanEck Vectors Semiconductor ETF<sup>(a)</sup> <br>| &nbsp;&nbsp; (3422)<br>| &nbsp;&nbsp; (988205)<br>|
| iShares MSCI USA Momentum Factor ETF | &nbsp;&nbsp; (31549)<br>| &nbsp;&nbsp; (7612459)<br>|
| Invesco S&P 500 High Beta ETF | &nbsp;&nbsp; (27174)<br>| &nbsp;&nbsp; (2793487)<br>|
| **Total** | **Total** | &nbsp;&nbsp; **(11394151)**<br>|
| **International Large Cap (1.4)%** | **International Large Cap (1.4)%** | **International Large Cap (1.4)%** |
| Invesco QQQ Trust | &nbsp;&nbsp; (7033)<br>| &nbsp;&nbsp; (3973715)<br>|
| **U.S. Small Mid Cap (0.4)%** | **U.S. Small Mid Cap (0.4)%** | **U.S. Small Mid Cap (0.4)%** |
| SPDR S&P Biotech ETF | &nbsp;&nbsp; (13823)<br>| &nbsp;&nbsp; (1184078)<br>|
| &nbsp;&nbsp; Total Exchange-Traded Equity Funds <br>(Proceeds $16,109,617) | &nbsp;&nbsp; Total Exchange-Traded Equity Funds <br>(Proceeds $16,109,617) | &nbsp;&nbsp; **(16551944)**<br>|
| &nbsp;&nbsp; Total Investments in Securities Sold Short <br>(Proceeds $84,673,933) | &nbsp;&nbsp; Total Investments in Securities Sold Short <br>(Proceeds $84,673,933) | &nbsp;&nbsp; **(82613148)**<br>|
| **Total Investments in Securities, Net of Securities Sold Short** | **Total Investments in Securities, Net of Securities Sold Short** | &nbsp;&nbsp; **192913943** |
| **Other Assets & Liabilities, Net** |  | &nbsp;&nbsp; **94579492** |
| **Net Assets** | **Net Assets** | &nbsp;&nbsp; **287493435** |

---

At July 31, 2025, securities and/or cash totaling $144,212,700 were pledged as collateral.

**Investments in derivatives** 

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Call option contracts purchased** | **Call option contracts purchased** | **Call option contracts purchased** | **Call option contracts purchased** | **Call option contracts purchased** | **Call option contracts purchased** | **Call option contracts purchased** | **Call option contracts purchased** | **Call option contracts purchased** |
| **Description** | **Counterparty** | &nbsp;&nbsp; **Trading** <br>**currency**<br>| **Notional** <br>**amount**<br>| **Number of** <br>**contracts**<br>| **Exercise** <br>**price/Rate**<br>| **Expiration** <br>**date**<br>| **Cost ($)** | **Value ($)** |
| Akero Therapeutics, Inc. | Morgan Stanley | USD | &nbsp;&nbsp; 552005 | &nbsp;&nbsp; 113 | 47.50 | &nbsp;&nbsp; 01/16/2026 | &nbsp;&nbsp; 123902 | &nbsp;&nbsp; 100005 |
| Amazon.com, Inc. | Morgan Stanley | USD | &nbsp;&nbsp; 2551799 | &nbsp;&nbsp; 109 | 240.00 | &nbsp;&nbsp; 08/08/2025 | &nbsp;&nbsp; 56979 | &nbsp;&nbsp; 58860 |
| argenx SE | Morgan Stanley | USD | &nbsp;&nbsp; 2748353 | &nbsp;&nbsp; 41 | 600.00 | &nbsp;&nbsp; 08/15/2025 | &nbsp;&nbsp; 45928 | &nbsp;&nbsp; 296430 |
| Astera Labs, Inc. | Morgan Stanley | USD | &nbsp;&nbsp; 1886874 | &nbsp;&nbsp; 138 | 100.00 | &nbsp;&nbsp; 08/08/2025 | &nbsp;&nbsp; 110568 | &nbsp;&nbsp; 520260 |
| Boot Barn Holdings, Inc. | Morgan Stanley | USD | &nbsp;&nbsp; 1186110 | &nbsp;&nbsp; 69 | 170.00 | &nbsp;&nbsp; 08/15/2025 | &nbsp;&nbsp; 95213 | &nbsp;&nbsp; 80730 |
| Futu Holdings Ltd. | Morgan Stanley | USD | &nbsp;&nbsp; 215152 | &nbsp;&nbsp; 14 | 150.00 | &nbsp;&nbsp; 08/08/2025 | &nbsp;&nbsp; 12710 | &nbsp;&nbsp; 9800 |
| Futu Holdings Ltd. | Morgan Stanley | USD | &nbsp;&nbsp; 1060392 | &nbsp;&nbsp; 69 | 180.00 | &nbsp;&nbsp; 08/15/2025 | &nbsp;&nbsp; 52110 | &nbsp;&nbsp; 8211 |
| Glaukos Corp. | Morgan Stanley | USD | &nbsp;&nbsp; 938381 | &nbsp;&nbsp; 109 | 100.00 | &nbsp;&nbsp; 08/15/2025 | &nbsp;&nbsp; 65617 | &nbsp;&nbsp; 1635 |
| Goosehead Insurance, Inc. | Morgan Stanley | USD | &nbsp;&nbsp; 981828 | &nbsp;&nbsp; 108 | 110.00 | &nbsp;&nbsp; 08/15/2025 | &nbsp;&nbsp; 47715 | &nbsp;&nbsp; 7560 |
| Goosehead Insurance, Inc. | Morgan Stanley | USD | &nbsp;&nbsp; 509096 | &nbsp;&nbsp; 56 | 105.00 | &nbsp;&nbsp; 08/15/2025 | &nbsp;&nbsp; 38804 | &nbsp;&nbsp; 4200 |
| Illinois Tool Works, Inc. | Morgan Stanley | USD | &nbsp;&nbsp; 1766193 | &nbsp;&nbsp; 69 | 260.00 | &nbsp;&nbsp; 08/15/2025 | &nbsp;&nbsp; 37821 | &nbsp;&nbsp; 16215 |
| Microchip Technology, Inc. | Morgan Stanley | USD | &nbsp;&nbsp; 2771190 | &nbsp;&nbsp; 410 | 69.00 | &nbsp;&nbsp; 08/08/2025 | &nbsp;&nbsp; 119186 | &nbsp;&nbsp; 91225 |
| MKS, Inc. | Morgan Stanley | USD | &nbsp;&nbsp; 2084442 | &nbsp;&nbsp; 219 | 100.00 | &nbsp;&nbsp; 08/15/2025 | &nbsp;&nbsp; 105087 | &nbsp;&nbsp; 60772 |
| MNTN, Inc. | Morgan Stanley | USD | &nbsp;&nbsp; 1396736 | &nbsp;&nbsp; 496 | 25.00 | &nbsp;&nbsp; 12/19/2025 | &nbsp;&nbsp; 255792 | &nbsp;&nbsp; 421600 |
| MongoDB, Inc. | Morgan Stanley | USD | &nbsp;&nbsp; 1617652 | &nbsp;&nbsp; 68 | 250.00 | &nbsp;&nbsp; 08/01/2025 | &nbsp;&nbsp; 29223 | &nbsp;&nbsp; 3910 |
| NRG Energy, Inc. | Morgan Stanley | USD | &nbsp;&nbsp; 802560 | &nbsp;&nbsp; 48 | 150.00 | &nbsp;&nbsp; 08/15/2025 | &nbsp;&nbsp; 29841 | &nbsp;&nbsp; 91200 |
| NRG Energy, Inc. | Morgan Stanley | USD | &nbsp;&nbsp; 1554960 | &nbsp;&nbsp; 93 | 165.00 | &nbsp;&nbsp; 08/15/2025 | &nbsp;&nbsp; 108683 | &nbsp;&nbsp; 82770 |
| Reddit, Inc. | Morgan Stanley | USD | &nbsp;&nbsp; 883245 | &nbsp;&nbsp; 55 | 170.00 | &nbsp;&nbsp; 08/01/2025 | &nbsp;&nbsp; 38955 | &nbsp;&nbsp; 41938 |
| Silicon Motion Technology Corp. | Morgan Stanley | USD | &nbsp;&nbsp; 1569070 | &nbsp;&nbsp; 205 | 77.50 | &nbsp;&nbsp; 08/15/2025 | &nbsp;&nbsp; 78807 | &nbsp;&nbsp; 41000 |
| Tower Semiconductor Ltd. | Morgan Stanley | USD | &nbsp;&nbsp; 626775 | &nbsp;&nbsp; 137 | 46.00 | &nbsp;&nbsp; 08/15/2025 | &nbsp;&nbsp; 35295 | &nbsp;&nbsp; 30825 |
| Twilio, Inc. | Morgan Stanley | USD | &nbsp;&nbsp; 890100 | &nbsp;&nbsp; 69 | 120.00 | &nbsp;&nbsp; 08/08/2025 | &nbsp;&nbsp; 55918 | &nbsp;&nbsp; 94357 |
| Upstart Holdings, Inc. | Morgan Stanley | USD | &nbsp;&nbsp; 1111664 | &nbsp;&nbsp; 136 | 80.00 | &nbsp;&nbsp; 08/08/2025 | &nbsp;&nbsp; 122035 | &nbsp;&nbsp; 127500 |
| Zoetis, Inc. | Morgan Stanley | USD | &nbsp;&nbsp; 2595062 | &nbsp;&nbsp; 178 | 155.00 | &nbsp;&nbsp; 08/15/2025 | &nbsp;&nbsp; 51050 | &nbsp;&nbsp; 28035 |
| Total |  |  |  |  |  |  | &nbsp;&nbsp; 1717239 | &nbsp;&nbsp; 2219038 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Multi-Manager Directional Alternative Strategies Fund \| 2025

------

Portfolio of Investments (continued)

Multi-Manager Directional Alternative Strategies Fund, July 31, 2025 (Unaudited)

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Put option contracts purchased** | **Put option contracts purchased** | **Put option contracts purchased** | **Put option contracts purchased** | **Put option contracts purchased** | **Put option contracts purchased** | **Put option contracts purchased** | **Put option contracts purchased** | **Put option contracts purchased** |
| **Description** | **Counterparty** | &nbsp;&nbsp; **Trading** <br>**currency**<br>| **Notional** <br>**amount**<br>| **Number of** <br>**contracts**<br>| **Exercise** <br>**price/Rate**<br>| **Expiration** <br>**date**<br>| **Cost ($)** | **Value ($)** |
| Alkami Technology, Inc. | Morgan Stanley | USD | &nbsp;&nbsp; 670929 | &nbsp;&nbsp; 301 | 25.00 | &nbsp;&nbsp; 08/15/2025 | &nbsp;&nbsp; 23355 | &nbsp;&nbsp; 88042 |
| argenx SE | Morgan Stanley | USD | &nbsp;&nbsp; 1541759 | &nbsp;&nbsp; 23 | 570.00 | &nbsp;&nbsp; 08/15/2025 | &nbsp;&nbsp; 26747 | &nbsp;&nbsp; 3450 |
| Ascendis Pharma A/S | Morgan Stanley | USD | &nbsp;&nbsp; 3192400 | &nbsp;&nbsp; 184 | 165.00 | &nbsp;&nbsp; 08/15/2025 | &nbsp;&nbsp; 143605 | &nbsp;&nbsp; 108560 |
| Axon Enterprise, Inc. | Morgan Stanley | USD | &nbsp;&nbsp; 3173058 | &nbsp;&nbsp; 42 | 700.00 | &nbsp;&nbsp; 08/15/2025 | &nbsp;&nbsp; 130133 | &nbsp;&nbsp; 89880 |
| Axon Enterprise, Inc. | Morgan Stanley | USD | &nbsp;&nbsp; 1057686 | &nbsp;&nbsp; 14 | 710.00 | &nbsp;&nbsp; 08/15/2025 | &nbsp;&nbsp; 64222 | &nbsp;&nbsp; 35490 |
| Commvault Systems, Inc. | Morgan Stanley | USD | &nbsp;&nbsp; 2602315 | &nbsp;&nbsp; 137 | 160.00 | &nbsp;&nbsp; 08/15/2025 | &nbsp;&nbsp; 103287 | &nbsp;&nbsp; 3768 |
| Commvault Systems, Inc. | Morgan Stanley | USD | &nbsp;&nbsp; 398895 | &nbsp;&nbsp; 21 | 155.00 | &nbsp;&nbsp; 08/15/2025 | &nbsp;&nbsp; 14529 | &nbsp;&nbsp; 1523 |
| Exact Sciences Corp. | Morgan Stanley | USD | &nbsp;&nbsp; 1985985 | &nbsp;&nbsp; 423 | 46.00 | &nbsp;&nbsp; 08/08/2025 | &nbsp;&nbsp; 83499 | &nbsp;&nbsp; 83542 |
| Expedia Group, Inc. | Morgan Stanley | USD | &nbsp;&nbsp; 1477804 | &nbsp;&nbsp; 82 | 180.00 | &nbsp;&nbsp; 08/15/2025 | &nbsp;&nbsp; 72051 | &nbsp;&nbsp; 78105 |
| GeneDx Holdings Corp. | Morgan Stanley | USD | &nbsp;&nbsp; 1264180 | &nbsp;&nbsp; 124 | 72.00 | &nbsp;&nbsp; 08/01/2025 | &nbsp;&nbsp; 91770 | &nbsp;&nbsp; 8370 |
| GeneDx Holdings Corp. | Morgan Stanley | USD | &nbsp;&nbsp; 356825 | &nbsp;&nbsp; 35 | 74.00 | &nbsp;&nbsp; 08/01/2025 | &nbsp;&nbsp; 30034 | &nbsp;&nbsp; 438 |
| GeneDx Holdings Corp. | Morgan Stanley | USD | &nbsp;&nbsp; 346630 | &nbsp;&nbsp; 34 | 78.00 | &nbsp;&nbsp; 08/01/2025 | &nbsp;&nbsp; 28833 | &nbsp;&nbsp; 425 |
| GeneDx Holdings Corp. | Morgan Stanley | USD | &nbsp;&nbsp; 346630 | &nbsp;&nbsp; 34 | 77.00 | &nbsp;&nbsp; 08/01/2025 | &nbsp;&nbsp; 31461 | &nbsp;&nbsp; 425 |
| GeneDx Holdings Corp. | Morgan Stanley | USD | &nbsp;&nbsp; 346630 | &nbsp;&nbsp; 34 | 70.00 | &nbsp;&nbsp; 08/01/2025 | &nbsp;&nbsp; 23783 | &nbsp;&nbsp; 170 |
| GeneDx Holdings Corp. | Morgan Stanley | USD | &nbsp;&nbsp; 214095 | &nbsp;&nbsp; 21 | 75.00 | &nbsp;&nbsp; 08/01/2025 | &nbsp;&nbsp; 16895 | &nbsp;&nbsp; 53 |
| Home Depot, Inc. (The) | Morgan Stanley | USD | &nbsp;&nbsp; 3528096 | &nbsp;&nbsp; 96 | 360.00 | &nbsp;&nbsp; 08/15/2025 | &nbsp;&nbsp; 70104 | &nbsp;&nbsp; 36000 |
| Invesco QQQ Trust | Morgan Stanley | USD | &nbsp;&nbsp; 7740637 | &nbsp;&nbsp; 137 | 550.00 | &nbsp;&nbsp; 08/15/2025 | &nbsp;&nbsp; 155759 | &nbsp;&nbsp; 41648 |
| Invesco QQQ Trust | Morgan Stanley | USD | &nbsp;&nbsp; 11582705 | &nbsp;&nbsp; 205 | 560.00 | &nbsp;&nbsp; 08/29/2025 | &nbsp;&nbsp; 251356 | &nbsp;&nbsp; 169945 |
| iShares Expanded Tech-Software Sector ETF | Morgan Stanley | USD | &nbsp;&nbsp; 4589226 | &nbsp;&nbsp; 411 | 110.00 | &nbsp;&nbsp; 08/01/2025 | &nbsp;&nbsp; 99547 | &nbsp;&nbsp; 18495 |
| iShares MSCI USA Momentum Factor ETF | Morgan Stanley | USD | &nbsp;&nbsp; 6635475 | &nbsp;&nbsp; 275 | 240.00 | &nbsp;&nbsp; 09/19/2025 | &nbsp;&nbsp; 171016 | &nbsp;&nbsp; 147125 |
| iShares Russell 2000 ETF | Morgan Stanley | USD | &nbsp;&nbsp; 3027582 | &nbsp;&nbsp; 138 | 215.00 | &nbsp;&nbsp; 08/15/2025 | &nbsp;&nbsp; 77404 | &nbsp;&nbsp; 34431 |
| iShares Russell 2000 ETF | Morgan Stanley | USD | &nbsp;&nbsp; 3005643 | &nbsp;&nbsp; 137 | 216.00 | &nbsp;&nbsp; 08/22/2025 | &nbsp;&nbsp; 61225 | &nbsp;&nbsp; 47607 |
| iShares Russell 2000 ETF | Morgan Stanley | USD | &nbsp;&nbsp; 5989347 | &nbsp;&nbsp; 273 | 220.00 | &nbsp;&nbsp; 08/29/2025 | &nbsp;&nbsp; 107569 | &nbsp;&nbsp; 151651 |
| iShares Russell 2000 ETF | Morgan Stanley | USD | &nbsp;&nbsp; 6033225 | &nbsp;&nbsp; 275 | 220.00 | &nbsp;&nbsp; 09/30/2025 | &nbsp;&nbsp; 190032 | &nbsp;&nbsp; 208862 |
| iShares Russell 2000 ETF | Morgan Stanley | USD | &nbsp;&nbsp; 3005643 | &nbsp;&nbsp; 137 | 214.00 | &nbsp;&nbsp; 09/30/2025 | &nbsp;&nbsp; 82423 | &nbsp;&nbsp; 73774 |
| Kinsale Capital Group, Inc. | Morgan Stanley | USD | &nbsp;&nbsp; 749173 | &nbsp;&nbsp; 17 | 470.00 | &nbsp;&nbsp; 08/15/2025 | &nbsp;&nbsp; 32773 | &nbsp;&nbsp; 55080 |
| Micron Technology, Inc. | Morgan Stanley | USD | &nbsp;&nbsp; 1789896 | &nbsp;&nbsp; 164 | 108.00 | &nbsp;&nbsp; 08/08/2025 | &nbsp;&nbsp; 32480 | &nbsp;&nbsp; 38376 |
| PulteGroup, Inc. | Morgan Stanley | USD | &nbsp;&nbsp; 767856 | &nbsp;&nbsp; 68 | 110.00 | &nbsp;&nbsp; 08/01/2025 | &nbsp;&nbsp; 26208 | &nbsp;&nbsp; 1700 |
| Roku, Inc. | Morgan Stanley | USD | &nbsp;&nbsp; 517880 | &nbsp;&nbsp; 55 | 90.00 | &nbsp;&nbsp; 08/01/2025 | &nbsp;&nbsp; 19676 | &nbsp;&nbsp; 23100 |
| Silicon Motion Technology Corp. | Morgan Stanley | USD | &nbsp;&nbsp; 3138140 | &nbsp;&nbsp; 410 | 67.50 | &nbsp;&nbsp; 08/15/2025 | &nbsp;&nbsp; 65330 | &nbsp;&nbsp; 13325 |
| Snowflake, Inc. | Morgan Stanley | USD | &nbsp;&nbsp; 1072800 | &nbsp;&nbsp; 48 | 210.00 | &nbsp;&nbsp; 08/08/2025 | &nbsp;&nbsp; 31100 | &nbsp;&nbsp; 6696 |
| Snowflake, Inc. | UBS | USD | &nbsp;&nbsp; 1676250 | &nbsp;&nbsp; 75 | 205.00 | &nbsp;&nbsp; 08/08/2025 | &nbsp;&nbsp; 25086 | &nbsp;&nbsp; 5850 |
| Solaris Energy Infrastructure, Inc. | Morgan Stanley | USD | &nbsp;&nbsp; 2012472 | &nbsp;&nbsp; 616 | 25.00 | &nbsp;&nbsp; 08/15/2025 | &nbsp;&nbsp; 101261 | &nbsp;&nbsp; 10780 |
| Solaris Energy Infrastructure, Inc. | Morgan Stanley | USD | &nbsp;&nbsp; 1538757 | &nbsp;&nbsp; 471 | 25.00 | &nbsp;&nbsp; 11/21/2025 | &nbsp;&nbsp; 191782 | &nbsp;&nbsp; 87135 |
| Spotify Technology SA | Morgan Stanley | USD | &nbsp;&nbsp; 3258008 | &nbsp;&nbsp; 52 | 600.00 | &nbsp;&nbsp; 08/15/2025 | &nbsp;&nbsp; 29711 | &nbsp;&nbsp; 44720 |
| Trade Desk, Inc. (The) | Morgan Stanley | USD | &nbsp;&nbsp; 834816 | &nbsp;&nbsp; 96 | 84.00 | &nbsp;&nbsp; 08/08/2025 | &nbsp;&nbsp; 49186 | &nbsp;&nbsp; 41280 |
| Trade Desk, Inc. (The) | Morgan Stanley | USD | &nbsp;&nbsp; 591328 | &nbsp;&nbsp; 68 | 80.00 | &nbsp;&nbsp; 08/08/2025 | &nbsp;&nbsp; 23223 | &nbsp;&nbsp; 18802 |
| Trade Desk, Inc. (The) | Morgan Stanley | USD | &nbsp;&nbsp; 1191352 | &nbsp;&nbsp; 137 | 83.00 | &nbsp;&nbsp; 08/15/2025 | &nbsp;&nbsp; 52890 | &nbsp;&nbsp; 59595 |
| Trade Desk, Inc. (The) | Morgan Stanley | USD | &nbsp;&nbsp; 1191352 | &nbsp;&nbsp; 137 | 80.00 | &nbsp;&nbsp; 08/15/2025 | &nbsp;&nbsp; 75765 | &nbsp;&nbsp; 43498 |
| Twilio, Inc. | Morgan Stanley | USD | &nbsp;&nbsp; 1767300 | &nbsp;&nbsp; 137 | 123.00 | &nbsp;&nbsp; 08/08/2025 | &nbsp;&nbsp; 58448 | &nbsp;&nbsp; 76035 |
| Vertex Pharmaceuticals, Inc. | Morgan Stanley | USD | &nbsp;&nbsp; 3152403 | &nbsp;&nbsp; 69 | 475.00 | &nbsp;&nbsp; 08/08/2025 | &nbsp;&nbsp; 128754 | &nbsp;&nbsp; 184575 |
| Total |  |  |  |  |  |  | &nbsp;&nbsp; 3094312 | &nbsp;&nbsp; 2142326 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Call option contracts written** | **Call option contracts written** | **Call option contracts written** | **Call option contracts written** | **Call option contracts written** | **Call option contracts written** | **Call option contracts written** | **Call option contracts written** | **Call option contracts written** |
| **Description** | **Counterparty** | &nbsp;&nbsp; **Trading** <br>**currency**<br>| **Notional** <br>**amount**<br>| **Number of** <br>**contracts**<br>| **Exercise** <br>**price/Rate**<br>| **Expiration** <br>**date**<br>| **Premium** <br>**received ($)**<br>| **Value ($)** |
| Astera Labs, Inc. | Morgan Stanley | USD | &nbsp;&nbsp; (1886874)<br>| &nbsp;&nbsp; (138)<br>| 120.00 | &nbsp;&nbsp; 08/08/2025 | &nbsp;&nbsp; (39067)<br>| &nbsp;&nbsp; (299460)<br>|
| GeneDx Holdings Corp. | Morgan Stanley | USD | &nbsp;&nbsp; (693260)<br>| &nbsp;&nbsp; (68)<br>| 115.00 | &nbsp;&nbsp; 08/08/2025 | &nbsp;&nbsp; (11975)<br>| &nbsp;&nbsp; (4930)<br>|
| Glaukos Corp. | Morgan Stanley | USD | &nbsp;&nbsp; (938381)<br>| &nbsp;&nbsp; (109)<br>| 120.00 | &nbsp;&nbsp; 08/15/2025 | &nbsp;&nbsp; (10834)<br>| &nbsp;&nbsp; (545)<br>|
| Reddit, Inc. | Morgan Stanley | USD | &nbsp;&nbsp; (883245)<br>| &nbsp;&nbsp; (55)<br>| 190.00 | &nbsp;&nbsp; 08/01/2025 | &nbsp;&nbsp; (11402)<br>| &nbsp;&nbsp; (12595)<br>|
| Solaris Energy Infrastructure, Inc. | Morgan Stanley | USD | &nbsp;&nbsp; (669735)<br>| &nbsp;&nbsp; (205)<br>| 35.00 | &nbsp;&nbsp; 08/15/2025 | &nbsp;&nbsp; (26314)<br>| &nbsp;&nbsp; (15888)<br>|
| Vertex Pharmaceuticals, Inc. | Morgan Stanley | USD | &nbsp;&nbsp; (3152403)<br>| &nbsp;&nbsp; (69)<br>| 500.00 | &nbsp;&nbsp; 08/01/2025 | &nbsp;&nbsp; (21184)<br>| &nbsp;&nbsp; (11040)<br>|
| Total |  |  |  |  |  |  | &nbsp;&nbsp; (120776)<br>| &nbsp;&nbsp; (344458)<br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Multi-Manager Directional Alternative Strategies Fund \| 2025

------

Portfolio of Investments (continued)

Multi-Manager Directional Alternative Strategies Fund, July 31, 2025 (Unaudited)

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Put option contracts written** | **Put option contracts written** | **Put option contracts written** | **Put option contracts written** | **Put option contracts written** | **Put option contracts written** | **Put option contracts written** | **Put option contracts written** | **Put option contracts written** |
| **Description** | **Counterparty** | &nbsp;&nbsp; **Trading** <br>**currency**<br>| **Notional** <br>**amount**<br>| **Number of** <br>**contracts**<br>| **Exercise** <br>**price/Rate**<br>| **Expiration** <br>**date**<br>| **Premium** <br>**received ($)**<br>| **Value ($)** |
| Axon Enterprise, Inc. | Morgan Stanley | USD | &nbsp;&nbsp; (1057686)<br>| &nbsp;&nbsp; (14)<br>| 620.00 | &nbsp;&nbsp; 08/15/2025 | &nbsp;&nbsp; (18327)<br>| &nbsp;&nbsp; (8750)<br>|
| Home Depot, Inc. (The) | Morgan Stanley | USD | &nbsp;&nbsp; (3528096)<br>| &nbsp;&nbsp; (96)<br>| 330.00 | &nbsp;&nbsp; 08/15/2025 | &nbsp;&nbsp; (11121)<br>| &nbsp;&nbsp; (5184)<br>|
| iShares Russell 2000 ETF | Morgan Stanley | USD | &nbsp;&nbsp; (1557669)<br>| &nbsp;&nbsp; (71)<br>| 175.00 | &nbsp;&nbsp; 08/15/2025 | &nbsp;&nbsp; (12544)<br>| &nbsp;&nbsp; (497)<br>|
| iShares Russell 2000 ETF | Morgan Stanley | USD | &nbsp;&nbsp; (6033225)<br>| &nbsp;&nbsp; (275)<br>| 195.00 | &nbsp;&nbsp; 08/29/2025 | &nbsp;&nbsp; (21608)<br>| &nbsp;&nbsp; (17875)<br>|
| PulteGroup, Inc. | Morgan Stanley | USD | &nbsp;&nbsp; (1547004)<br>| &nbsp;&nbsp; (137)<br>| 99.00 | &nbsp;&nbsp; 08/01/2025 | &nbsp;&nbsp; (9751)<br>| &nbsp;&nbsp; (1713)<br>|
| Total |  |  |  |  |  |  | &nbsp;&nbsp; (73351)<br>| &nbsp;&nbsp; (34019)<br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Total return swap contracts** | **Total return swap contracts** | **Total return swap contracts** | **Total return swap contracts** | **Total return swap contracts** | **Total return swap contracts** | **Total return swap contracts** | **Total return swap contracts** | **Total return swap contracts** | **Total return swap contracts** | **Total return swap contracts** | **Total return swap contracts** | **Total return swap contracts** |
| **Fund receives** | **Fund pays** | **Payment** <br>**frequency**<br>| **Counterparty** | **Maturity** <br>**date**<br>| **Notional** <br>**currency**<br>| **Notional** <br>**amount**<br>| **Value** <br>**($)**<br>| **Periodic** <br>**payments** <br>**receivable** <br>**(payable)** <br>**($)**<br>| **Upfront** <br>**payments** <br>**($)**<br>| **Upfront** <br>**receipts** <br>**($)**<br>| **Unrealized** <br>**appreciation** <br>**($)**<br>| **Unrealized** <br>**depreciation** <br>**($)**<br>|
| &nbsp;&nbsp; Total return on <br> Astera Labs, Inc.<br>| &nbsp;&nbsp; 1-Day Overnight <br> Fed Funds <br> Effective Rate <br> plus 0.550%<br>| Monthly | Morgan Stanley | 07/24/2026 | USD | 926463 | 445075 | (2009)<br>|  |  | 443066 |  |
| &nbsp;&nbsp; Total return on <br> CommVault <br> Systems, Inc.<br>| &nbsp;&nbsp; 1-Day Overnight <br> Fed Funds <br> Effective Rate <br> plus 0.550%<br>| Monthly | Morgan Stanley | 07/24/2026 | USD | 2450931 | 341334 | (5316)<br>|  |  | 336018 |  |
| &nbsp;&nbsp; Total return on <br> argenx SE<br>| &nbsp;&nbsp; 1-Day Overnight <br> Fed Funds <br> Effective Rate <br> plus 0.550%<br>| Monthly | Morgan Stanley | 07/24/2026 | USD | 1301502 | 267740 | (2823)<br>|  |  | 264917 |  |
| &nbsp;&nbsp; Total return on <br> GeneDx <br> Holdings Corp.<br>| &nbsp;&nbsp; 1-Day Overnight <br> Fed Funds <br> Effective Rate <br> plus 0.550%<br>| Monthly | Morgan Stanley | 07/24/2026 | USD | 656216 | 162748 | (1423)<br>|  |  | 161325 |  |
| &nbsp;&nbsp; Total return on <br> NVIDIA Corp.<br>| &nbsp;&nbsp; 1-Day Overnight <br> Fed Funds <br> Effective Rate <br> plus 0.550%<br>| Monthly | Morgan Stanley | 07/24/2026 | USD | 3431070 | 144117 | (7442)<br>|  |  | 136675 |  |
| &nbsp;&nbsp; Total return on <br> Astera Labs, Inc.<br>| &nbsp;&nbsp; 1-Day Overnight <br> Fed Funds <br> Effective Rate <br> plus 0.550%<br>| Monthly | Morgan Stanley | 07/24/2026 | USD | 263688 | 126676 | (572)<br>|  |  | 126104 |  |
| &nbsp;&nbsp; Total return on <br> Snowflake, Inc.<br>| &nbsp;&nbsp; 1-Day Overnight <br> Fed Funds <br> Effective Rate <br> plus 0.550%<br>| Monthly | Morgan Stanley | 07/24/2026 | USD | 2592846 | 130502 | (5624)<br>|  |  | 124878 |  |
| &nbsp;&nbsp; Total return on <br> Rubrik, Inc.<br>| &nbsp;&nbsp; 1-Day Overnight <br> Fed Funds <br> Effective Rate <br> plus 0.550%<br>| Monthly | Morgan Stanley | 07/24/2026 | USD | 1338311 | 116608 | (2903)<br>|  |  | 113705 |  |
| &nbsp;&nbsp; Total return on <br> Credo <br> Technology <br> Group Holding <br> Ltd.<br>| &nbsp;&nbsp; 1-Day Overnight <br> Fed Funds <br> Effective Rate <br> plus 0.550%<br>| Monthly | Morgan Stanley | 07/24/2026 | USD | 1223899 | 106893 | (2974)<br>|  |  | 103919 |  |

---

Multi-Manager Directional Alternative Strategies Fund \| 2025

------

Portfolio of Investments (continued)

Multi-Manager Directional Alternative Strategies Fund, July 31, 2025 (Unaudited)

---

| | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Total return swap contracts (continued)** | **Total return swap contracts (continued)** | **Total return swap contracts (continued)** | **Total return swap contracts (continued)** | **Total return swap contracts (continued)** | **Total return swap contracts (continued)** | **Total return swap contracts (continued)** | **Total return swap contracts (continued)** | **Total return swap contracts (continued)** | **Total return swap contracts (continued)** | **Total return swap contracts (continued)** | **Total return swap contracts (continued)** | **Total return swap contracts (continued)** |
| **Fund receives** | **Fund pays** | **Payment**<br> **frequency**<br>| **Counterparty** | **Maturity**<br> **date**<br>| **Notional**<br> **currency**<br>| **Notional**<br> **amount**<br>| **Value**<br> **($)**<br>| **Periodic**<br> **payments**<br> **receivable**<br> **(payable)**<br> **($)**<br>| **Upfront**<br> **payments**<br> **($)**<br>| **Upfront**<br> **receipts**<br> **($)**<br>| **Unrealized**<br> **appreciation**<br> **($)**<br>| **Unrealized**<br> **depreciation**<br> **($)**<br>|
| &nbsp;&nbsp; Total return on <br> Insmed, Inc.<br>| &nbsp;&nbsp; 1-Day Overnight <br> Fed Funds <br> Effective Rate <br> plus 0.550%<br>| Monthly | Morgan Stanley | 07/24/2026 | USD | 2254808 | 96662 | (4890)<br>|  |  | 91772 |  |
| &nbsp;&nbsp; Total return on <br> Generac <br> Holdings, Inc.<br>| &nbsp;&nbsp; 1-Day Overnight <br> Fed Funds <br> Effective Rate <br> plus 0.550%<br>| Monthly | Morgan Stanley | 07/24/2026 | USD | 718751 | 78504 | (97)<br>|  |  | 78407 |  |
| &nbsp;&nbsp; Total return on <br> Insmed, Inc.<br>| &nbsp;&nbsp; 1-Day Overnight <br> Fed Funds <br> Effective Rate <br> plus 0.550%<br>| Monthly | Morgan Stanley | 07/24/2026 | USD | 1529574 | 65572 | (3317)<br>|  |  | 62255 |  |
| &nbsp;&nbsp; Total return on <br> Rubrik, Inc.<br>| &nbsp;&nbsp; 1-Day Overnight <br> Fed Funds <br> Effective Rate <br> plus 0.550%<br>| Monthly | Morgan Stanley | 07/24/2026 | USD | 602471 | 52494 | (1307)<br>|  |  | 51187 |  |
| &nbsp;&nbsp; Total return on <br> NVIDIA Corp.<br>| &nbsp;&nbsp; 1-Day Overnight <br> Fed Funds <br> Effective Rate <br> plus 0.550%<br>| Monthly | Morgan Stanley | 07/24/2026 | USD | 1146933 | 48176 | (2488)<br>|  |  | 45688 |  |
| &nbsp;&nbsp; Total return on <br> Taiwan <br> Semiconductor <br> Manufacturing <br> Co., Ltd.<br>| &nbsp;&nbsp; 1-Day Overnight <br> Fed Funds <br> Effective Rate <br> plus 0.550%<br>| Monthly | Morgan Stanley | 07/24/2026 | USD | 2535365 | 49969 | (5499)<br>|  |  | 44470 |  |
| &nbsp;&nbsp; Total return on <br> Astera Labs, Inc.<br>| &nbsp;&nbsp; 1-Day Overnight <br> Fed Funds <br> Effective Rate <br> plus 0.550%<br>| Monthly | Morgan Stanley | 07/24/2026 | USD | 325424 | 45251 | (1143)<br>|  |  | 44108 |  |
| &nbsp;&nbsp; Total return on <br> Insmed, Inc.<br>| &nbsp;&nbsp; 1-Day Overnight <br> Fed Funds <br> Effective Rate <br> plus 0.550%<br>| Monthly | Morgan Stanley | 07/24/2026 | USD | 1038473 | 44519 | (2252)<br>|  |  | 42267 |  |
| &nbsp;&nbsp; Total return on <br> Rubrik, Inc.<br>| &nbsp;&nbsp; 1-Day Overnight <br> Fed Funds <br> Effective Rate <br> plus 0.550%<br>| Monthly | Morgan Stanley | 07/24/2026 | USD | 381326 | 33225 | (827)<br>|  |  | 32398 |  |
| &nbsp;&nbsp; Total return on <br> Astera Labs, Inc.<br>| &nbsp;&nbsp; 1-Day Overnight <br> Fed Funds <br> Effective Rate <br> plus 0.550%<br>| Monthly | Morgan Stanley | 07/24/2026 | USD | 64744 | 31103 | (140)<br>|  |  | 30963 |  |
| &nbsp;&nbsp; Total return on <br> GeneDx <br> Holdings Corp.<br>| &nbsp;&nbsp; 1-Day Overnight <br> Fed Funds <br> Effective Rate <br> plus 0.550%<br>| Monthly | Morgan Stanley | 07/24/2026 | USD | 119104 | 29539 | (258)<br>|  |  | 29281 |  |
| &nbsp;&nbsp; Total return on <br> Insmed, Inc.<br>| &nbsp;&nbsp; 1-Day Overnight <br> Fed Funds <br> Effective Rate <br> plus 0.550%<br>| Monthly | Morgan Stanley | 07/24/2026 | USD | 680279 | 29163 | (1475)<br>|  |  | 27688 |  |

---

Multi-Manager Directional Alternative Strategies Fund \| 2025

------

Portfolio of Investments (continued)

Multi-Manager Directional Alternative Strategies Fund, July 31, 2025 (Unaudited)

---

| | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Total return swap contracts (continued)** | **Total return swap contracts (continued)** | **Total return swap contracts (continued)** | **Total return swap contracts (continued)** | **Total return swap contracts (continued)** | **Total return swap contracts (continued)** | **Total return swap contracts (continued)** | **Total return swap contracts (continued)** | **Total return swap contracts (continued)** | **Total return swap contracts (continued)** | **Total return swap contracts (continued)** | **Total return swap contracts (continued)** | **Total return swap contracts (continued)** |
| **Fund receives** | **Fund pays** | **Payment**<br> **frequency**<br>| **Counterparty** | **Maturity**<br> **date**<br>| **Notional**<br> **currency**<br>| **Notional**<br> **amount**<br>| **Value**<br> **($)**<br>| **Periodic**<br> **payments**<br> **receivable**<br> **(payable)**<br> **($)**<br>| **Upfront**<br> **payments**<br> **($)**<br>| **Upfront**<br> **receipts**<br> **($)**<br>| **Unrealized**<br> **appreciation**<br> **($)**<br>| **Unrealized**<br> **depreciation**<br> **($)**<br>|
| &nbsp;&nbsp; Total return on <br> Silicon Motion <br> Technology <br> Corp.<br>| &nbsp;&nbsp; 1-Day Overnight <br> Fed Funds <br> Effective Rate <br> plus 0.550%<br>| Monthly | Morgan Stanley | 07/24/2026 | USD | 376987 | 28445 | (818)<br>|  |  | 27627 |  |
| &nbsp;&nbsp; Total return on <br> Astera Labs, Inc.<br>| &nbsp;&nbsp; 1-Day Overnight <br> Fed Funds <br> Effective Rate <br> plus 0.550%<br>| Monthly | Morgan Stanley | 07/24/2026 | USD | 53476 | 25690 | (116)<br>|  |  | 25574 |  |
| &nbsp;&nbsp; Total return on <br> MNTN, Inc.<br>| &nbsp;&nbsp; 1-Day Overnight <br> Fed Funds <br> Effective Rate <br> plus 0.550%<br>| Monthly | Morgan Stanley | 07/24/2026 | USD | 120790 | 24882 | (262)<br>|  |  | 24620 |  |
| &nbsp;&nbsp; Total return on <br> MNTN, Inc.<br>| &nbsp;&nbsp; 1-Day Overnight <br> Fed Funds <br> Effective Rate <br> plus 0.550%<br>| Monthly | Morgan Stanley | 07/24/2026 | USD | 110095 | 22679 | (239)<br>|  |  | 22440 |  |
| &nbsp;&nbsp; Total return on <br> Insmed, Inc.<br>| &nbsp;&nbsp; 1-Day Overnight <br> Fed Funds <br> Effective Rate <br> plus 0.550%<br>| Monthly | Morgan Stanley | 07/24/2026 | USD | 466927 | 20017 | (1013)<br>|  |  | 19004 |  |
| &nbsp;&nbsp; Total return on <br> CommVault <br> Systems, Inc.<br>| &nbsp;&nbsp; 1-Day Overnight <br> Fed Funds <br> Effective Rate <br> plus 0.550%<br>| Monthly | Morgan Stanley | 07/24/2026 | USD | 130383 | 18158 | (283)<br>|  |  | 17875 |  |
| &nbsp;&nbsp; Total return on <br> Axon Enterprise, <br> Inc.<br>| &nbsp;&nbsp; 1-Day Overnight <br> Fed Funds <br> Effective Rate <br> plus 0.550%<br>| Monthly | Morgan Stanley | 07/24/2026 | USD | 1608096 | 20741 | (3488)<br>|  |  | 17253 |  |
| &nbsp;&nbsp; Total return on <br> Trade Desk, Inc., <br> Class A<br>| &nbsp;&nbsp; 1-Day Overnight <br> Fed Funds <br> Effective Rate <br> plus 0.550%<br>| Monthly | Morgan Stanley | 07/24/2026 | USD | 209603 | 17102 | (455)<br>|  |  | 16647 |  |
| &nbsp;&nbsp; Total return on <br> Axon Enterprise, <br> Inc.<br>| &nbsp;&nbsp; 1-Day Overnight <br> Fed Funds <br> Effective Rate <br> plus 0.550%<br>| Monthly | Morgan Stanley | 07/24/2026 | USD | 1300797 | 16777 | (2821)<br>|  |  | 13956 |  |
| &nbsp;&nbsp; Total return on <br> Insmed, Inc.<br>| &nbsp;&nbsp; 1-Day Overnight <br> Fed Funds <br> Effective Rate <br> plus 0.550%<br>| Monthly | Morgan Stanley | 07/24/2026 | USD | 335253 | 14372 | (727)<br>|  |  | 13645 |  |
| &nbsp;&nbsp; Total return on <br> Solaris Energy <br> Infrastructure, <br> Inc.<br>| &nbsp;&nbsp; 1-Day Overnight <br> Fed Funds <br> Effective Rate <br> plus 0.550%<br>| Monthly | Morgan Stanley | 07/24/2026 | USD | 183738 | 13785 | (399)<br>|  |  | 13386 |  |
| &nbsp;&nbsp; Total return on <br> Silicon Motion <br> Technology <br> Corp.<br>| &nbsp;&nbsp; 1-Day Overnight <br> Fed Funds <br> Effective Rate <br> plus 0.550%<br>| Monthly | Morgan Stanley | 07/24/2026 | USD | 169456 | 12786 | (368)<br>|  |  | 12418 |  |

---

Multi-Manager Directional Alternative Strategies Fund \| 2025

------

Portfolio of Investments (continued)

Multi-Manager Directional Alternative Strategies Fund, July 31, 2025 (Unaudited)

---

| | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Total return swap contracts (continued)** | **Total return swap contracts (continued)** | **Total return swap contracts (continued)** | **Total return swap contracts (continued)** | **Total return swap contracts (continued)** | **Total return swap contracts (continued)** | **Total return swap contracts (continued)** | **Total return swap contracts (continued)** | **Total return swap contracts (continued)** | **Total return swap contracts (continued)** | **Total return swap contracts (continued)** | **Total return swap contracts (continued)** | **Total return swap contracts (continued)** |
| **Fund receives** | **Fund pays** | **Payment**<br> **frequency**<br>| **Counterparty** | **Maturity**<br> **date**<br>| **Notional**<br> **currency**<br>| **Notional**<br> **amount**<br>| **Value**<br> **($)**<br>| **Periodic**<br> **payments**<br> **receivable**<br> **(payable)**<br> **($)**<br>| **Upfront**<br> **payments**<br> **($)**<br>| **Upfront**<br> **receipts**<br> **($)**<br>| **Unrealized**<br> **appreciation**<br> **($)**<br>| **Unrealized**<br> **depreciation**<br> **($)**<br>|
| &nbsp;&nbsp; Total return on <br> Rubrik, Inc.<br>| &nbsp;&nbsp; 1-Day Overnight <br> Fed Funds <br> Effective Rate <br> plus 0.550%<br>| Monthly | Morgan Stanley | 07/24/2026 | USD | 143936 | 12541 | (312)<br>|  |  | 12229 |  |
| &nbsp;&nbsp; Total return on <br> Powell <br> Industries, Inc.<br>| &nbsp;&nbsp; 1-Day Overnight <br> Fed Funds <br> Effective Rate <br> plus 0.550%<br>| Monthly | Morgan Stanley | 07/24/2026 | USD | 562042 | 12214 | (609)<br>|  |  | 11605 |  |
| &nbsp;&nbsp; Total return on <br> Microsoft Corp.<br>| &nbsp;&nbsp; 1-Day Overnight <br> Fed Funds <br> Effective Rate <br> plus 0.550%<br>| Monthly | Morgan Stanley | 07/24/2026 | USD | 214468 | 11736 | (465)<br>|  |  | 11271 |  |
| &nbsp;&nbsp; Total return on <br> argenx SE<br>| &nbsp;&nbsp; 1-Day Overnight <br> Fed Funds <br> Effective Rate <br> plus 0.550%<br>| Monthly | Morgan Stanley | 07/24/2026 | USD | 53372 | 10980 | (116)<br>|  |  | 10864 |  |
| &nbsp;&nbsp; Total return on <br> NVIDIA Corp.<br>| &nbsp;&nbsp; 1-Day Overnight <br> Fed Funds <br> Effective Rate <br> plus 0.550%<br>| Monthly | Morgan Stanley | 07/24/2026 | USD | 258781 | 10869 | (561)<br>|  |  | 10308 |  |
| &nbsp;&nbsp; Total return on <br> NVIDIA Corp.<br>| &nbsp;&nbsp; 1-Day Overnight <br> Fed Funds <br> Effective Rate <br> plus 0.550%<br>| Monthly | Morgan Stanley | 07/24/2026 | USD | 283145 | 9630 | (423)<br>|  |  | 9207 |  |
| &nbsp;&nbsp; Total return on <br> Insmed, Inc.<br>| &nbsp;&nbsp; 1-Day Overnight <br> Fed Funds <br> Effective Rate <br> plus 0.550%<br>| Monthly | Morgan Stanley | 07/24/2026 | USD | 208723 | 8948 | (453)<br>|  |  | 8495 |  |
| &nbsp;&nbsp; Total return on <br> Credo <br> Technology <br> Group Holding <br> Ltd.<br>| &nbsp;&nbsp; 1-Day Overnight <br> Fed Funds <br> Effective Rate <br> plus 0.550%<br>| Monthly | Morgan Stanley | 07/24/2026 | USD | 84842 | 7410 | (184)<br>|  |  | 7226 |  |
| &nbsp;&nbsp; Total return on <br> Insmed, Inc.<br>| &nbsp;&nbsp; 1-Day Overnight <br> Fed Funds <br> Effective Rate <br> plus 0.550%<br>| Monthly | Morgan Stanley | 07/24/2026 | USD | 173645 | 7445 | (377)<br>|  |  | 7068 |  |
| &nbsp;&nbsp; Total return on <br> MNTN, Inc.<br>| &nbsp;&nbsp; 1-Day Overnight <br> Fed Funds <br> Effective Rate <br> plus 0.550%<br>| Monthly | Morgan Stanley | 07/24/2026 | USD | 33414 | 6883 | (72)<br>|  |  | 6811 |  |
| &nbsp;&nbsp; Total return on <br> MNTN, Inc.<br>| &nbsp;&nbsp; 1-Day Overnight <br> Fed Funds <br> Effective Rate <br> plus 0.550%<br>| Monthly | Morgan Stanley | 07/24/2026 | USD | 31406 | 6469 | (68)<br>|  |  | 6401 |  |
| &nbsp;&nbsp; Total return on <br> MNTN, Inc.<br>| &nbsp;&nbsp; 1-Day Overnight <br> Fed Funds <br> Effective Rate <br> plus 0.550%<br>| Monthly | Morgan Stanley | 07/24/2026 | USD | 30168 | 6214 | (65)<br>|  |  | 6149 |  |

---

Multi-Manager Directional Alternative Strategies Fund \| 2025

------

Portfolio of Investments (continued)

Multi-Manager Directional Alternative Strategies Fund, July 31, 2025 (Unaudited)

---

| | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Total return swap contracts (continued)** | **Total return swap contracts (continued)** | **Total return swap contracts (continued)** | **Total return swap contracts (continued)** | **Total return swap contracts (continued)** | **Total return swap contracts (continued)** | **Total return swap contracts (continued)** | **Total return swap contracts (continued)** | **Total return swap contracts (continued)** | **Total return swap contracts (continued)** | **Total return swap contracts (continued)** | **Total return swap contracts (continued)** | **Total return swap contracts (continued)** |
| **Fund receives** | **Fund pays** | **Payment**<br> **frequency**<br>| **Counterparty** | **Maturity**<br> **date**<br>| **Notional**<br> **currency**<br>| **Notional**<br> **amount**<br>| **Value**<br> **($)**<br>| **Periodic**<br> **payments**<br> **receivable**<br> **(payable)**<br> **($)**<br>| **Upfront**<br> **payments**<br> **($)**<br>| **Upfront**<br> **receipts**<br> **($)**<br>| **Unrealized**<br> **appreciation**<br> **($)**<br>| **Unrealized**<br> **depreciation**<br> **($)**<br>|
| &nbsp;&nbsp; Total return on <br> CommVault <br> Systems, Inc.<br>| &nbsp;&nbsp; 1-Day Overnight <br> Fed Funds <br> Effective Rate <br> plus 0.550%<br>| Monthly | Morgan Stanley | 07/24/2026 | USD | 286633 | 6081 | (78)<br>|  |  | 6003 |  |
| &nbsp;&nbsp; Total return on <br> Snowflake, Inc.<br>| &nbsp;&nbsp; 1-Day Overnight <br> Fed Funds <br> Effective Rate <br> plus 0.550%<br>| Monthly | Morgan Stanley | 07/24/2026 | USD | 123631 | 6222 | (268)<br>|  |  | 5954 |  |
| &nbsp;&nbsp; Total return on <br> Solaris Energy <br> Infrastructure, <br> Inc.<br>| &nbsp;&nbsp; 1-Day Overnight <br> Fed Funds <br> Effective Rate <br> plus 0.550%<br>| Monthly | Morgan Stanley | 07/24/2026 | USD | 70505 | 5290 | (153)<br>|  |  | 5137 |  |
| &nbsp;&nbsp; Total return on <br> Taiwan <br> Semiconductor <br> Manufacturing <br> Co., Ltd.<br>| &nbsp;&nbsp; 1-Day Overnight <br> Fed Funds <br> Effective Rate <br> plus 0.550%<br>| Monthly | Morgan Stanley | 07/24/2026 | USD | 248798 | 4904 | (540)<br>|  |  | 4364 |  |
| &nbsp;&nbsp; Total return on <br> Twilio, Inc.<br>| &nbsp;&nbsp; 1-Day Overnight <br> Fed Funds <br> Effective Rate <br> plus 0.550%<br>| Monthly | Morgan Stanley | 07/24/2026 | USD | 207533 | 4672 | (450)<br>|  |  | 4222 |  |
| &nbsp;&nbsp; Total return on <br> Rubrik, Inc.<br>| &nbsp;&nbsp; 1-Day Overnight <br> Fed Funds <br> Effective Rate <br> plus 0.550%<br>| Monthly | Morgan Stanley | 07/24/2026 | USD | 38954 | 3394 | (84)<br>|  |  | 3310 |  |
| &nbsp;&nbsp; Total return on <br> BridgeBio <br> Pharma, Inc.<br>| &nbsp;&nbsp; 1-Day Overnight <br> Fed Funds <br> Effective Rate <br> plus 0.550%<br>| Monthly | Morgan Stanley | 07/24/2026 | USD | 645393 | 4192 | (1400)<br>|  |  | 2792 |  |
| &nbsp;&nbsp; Total return on <br> CommVault <br> Systems, Inc.<br>| &nbsp;&nbsp; 1-Day Overnight <br> Fed Funds <br> Effective Rate <br> plus 0.550%<br>| Monthly | Morgan Stanley | 07/24/2026 | USD | 19341 | 2694 | (42)<br>|  |  | 2652 |  |
| &nbsp;&nbsp; Total return on <br> Taiwan <br> Semiconductor <br> Manufacturing <br> Co., Ltd.<br>| &nbsp;&nbsp; 1-Day Overnight <br> Fed Funds <br> Effective Rate <br> plus 0.550%<br>| Monthly | Morgan Stanley | 07/24/2026 | USD | 144303 | 2844 | (313)<br>|  |  | 2531 |  |
| &nbsp;&nbsp; Total return on <br> Elbit Systems <br> Ltd.<br>| &nbsp;&nbsp; 1-Day Overnight <br> Fed Funds <br> Effective Rate <br> plus 0.550%<br>| Monthly | Morgan Stanley | 07/24/2026 | USD | 46935 | 2070 | (102)<br>|  |  | 1968 |  |
| &nbsp;&nbsp; Total return on <br> Axon Enterprise, <br> Inc.<br>| &nbsp;&nbsp; 1-Day Overnight <br> Fed Funds <br> Effective Rate <br> plus 0.550%<br>| Monthly | Morgan Stanley | 07/24/2026 | USD | 160362 | 2069 | (348)<br>|  |  | 1721 |  |

---

Multi-Manager Directional Alternative Strategies Fund \| 2025

------

Portfolio of Investments (continued)

Multi-Manager Directional Alternative Strategies Fund, July 31, 2025 (Unaudited)

---

| | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Total return swap contracts (continued)** | **Total return swap contracts (continued)** | **Total return swap contracts (continued)** | **Total return swap contracts (continued)** | **Total return swap contracts (continued)** | **Total return swap contracts (continued)** | **Total return swap contracts (continued)** | **Total return swap contracts (continued)** | **Total return swap contracts (continued)** | **Total return swap contracts (continued)** | **Total return swap contracts (continued)** | **Total return swap contracts (continued)** | **Total return swap contracts (continued)** |
| **Fund receives** | **Fund pays** | **Payment**<br> **frequency**<br>| **Counterparty** | **Maturity**<br> **date**<br>| **Notional**<br> **currency**<br>| **Notional**<br> **amount**<br>| **Value**<br> **($)**<br>| **Periodic**<br> **payments**<br> **receivable**<br> **(payable)**<br> **($)**<br>| **Upfront**<br> **payments**<br> **($)**<br>| **Upfront**<br> **receipts**<br> **($)**<br>| **Unrealized**<br> **appreciation**<br> **($)**<br>| **Unrealized**<br> **depreciation**<br> **($)**<br>|
| &nbsp;&nbsp; Total return on <br> BridgeBio <br> Pharma, Inc.<br>| &nbsp;&nbsp; 1-Day Overnight <br> Fed Funds <br> Effective Rate <br> plus 0.550%<br>| Monthly | Morgan Stanley | 07/24/2026 | USD | 295833 | 1922 | (642)<br>|  |  | 1280 |  |
| &nbsp;&nbsp; Total return on <br> Axon Enterprise, <br> Inc.<br>| &nbsp;&nbsp; 1-Day Overnight <br> Fed Funds <br> Effective Rate <br> plus 0.550%<br>| Monthly | Morgan Stanley | 07/24/2026 | USD | 102930 | 1327 | (223)<br>|  |  | 1104 |  |
| &nbsp;&nbsp; Total return on <br> Astera Labs, Inc.<br>| &nbsp;&nbsp; 1-Day Overnight <br> Fed Funds <br> Effective Rate <br> plus 0.550%<br>| Monthly | Morgan Stanley | 07/24/2026 | USD | 1940 | 932 | (4)<br>|  |  | 928 |  |
| &nbsp;&nbsp; Total return on <br> BridgeBio <br> Pharma, Inc.<br>| &nbsp;&nbsp; 1-Day Overnight <br> Fed Funds <br> Effective Rate <br> plus 0.550%<br>| Monthly | Morgan Stanley | 07/24/2026 | USD | 186592 | 1212 | (405)<br>|  |  | 807 |  |
| &nbsp;&nbsp; Total return on <br> Tower <br> Semiconductor <br> Ltd.<br>| &nbsp;&nbsp; 1-Day Overnight <br> Fed Funds <br> Effective Rate <br> plus 0.550%<br>| Monthly | Morgan Stanley | 07/24/2026 | USD | 142556 | 1099 | (309)<br>|  |  | 790 |  |
| &nbsp;&nbsp; Total return on <br> Verona Pharma <br> PLC, ADR<br>| &nbsp;&nbsp; 1-Day Overnight <br> Fed Funds <br> Effective Rate <br> plus 0.550%<br>| Monthly | Morgan Stanley | 07/24/2026 | USD | 846018 | 2584 | (1835)<br>|  |  | 749 |  |
| &nbsp;&nbsp; Total return on <br> BridgeBio <br> Pharma, Inc.<br>| &nbsp;&nbsp; 1-Day Overnight <br> Fed Funds <br> Effective Rate <br> plus 0.550%<br>| Monthly | Morgan Stanley | 07/24/2026 | USD | 115440 | 749 | (250)<br>|  |  | 499 |  |
| &nbsp;&nbsp; Total return on <br> BridgeBio <br> Pharma, Inc.<br>| &nbsp;&nbsp; 1-Day Overnight <br> Fed Funds <br> Effective Rate <br> plus 0.550%<br>| Monthly | Morgan Stanley | 07/24/2026 | USD | 114970 | 746 | (249)<br>|  |  | 497 |  |
| &nbsp;&nbsp; Total return on <br> BridgeBio <br> Pharma, Inc.<br>| &nbsp;&nbsp; 1-Day Overnight <br> Fed Funds <br> Effective Rate <br> plus 0.550%<br>| Monthly | Morgan Stanley | 07/24/2026 | USD | 109851 | 713 | (238)<br>|  |  | 475 |  |
| &nbsp;&nbsp; Total return on <br> Samsara, Inc.<br>| &nbsp;&nbsp; 1-Day Overnight <br> Fed Funds <br> Effective Rate <br> plus 0.550%<br>| Monthly | Morgan Stanley | 07/24/2026 | USD | 42962 | 468 | (93)<br>|  |  | 375 |  |
| &nbsp;&nbsp; Total return on <br> BridgeBio <br> Pharma, Inc.<br>| &nbsp;&nbsp; 1-Day Overnight <br> Fed Funds <br> Effective Rate <br> plus 0.550%<br>| Monthly | Morgan Stanley | 07/24/2026 | USD | 80498 | 523 | (175)<br>|  |  | 348 |  |
| &nbsp;&nbsp; Total return on <br> BridgeBio <br> Pharma, Inc.<br>| &nbsp;&nbsp; 1-Day Overnight <br> Fed Funds <br> Effective Rate <br> plus 0.550%<br>| Monthly | Morgan Stanley | 07/24/2026 | USD | 54761 | 356 | (119)<br>|  |  | 237 |  |

---

Multi-Manager Directional Alternative Strategies Fund \| 2025

------

Portfolio of Investments (continued)

Multi-Manager Directional Alternative Strategies Fund, July 31, 2025 (Unaudited)

---

| | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Total return swap contracts (continued)** | **Total return swap contracts (continued)** | **Total return swap contracts (continued)** | **Total return swap contracts (continued)** | **Total return swap contracts (continued)** | **Total return swap contracts (continued)** | **Total return swap contracts (continued)** | **Total return swap contracts (continued)** | **Total return swap contracts (continued)** | **Total return swap contracts (continued)** | **Total return swap contracts (continued)** | **Total return swap contracts (continued)** | **Total return swap contracts (continued)** |
| **Fund receives** | **Fund pays** | **Payment**<br> **frequency**<br>| **Counterparty** | **Maturity**<br> **date**<br>| **Notional**<br> **currency**<br>| **Notional**<br> **amount**<br>| **Value**<br> **($)**<br>| **Periodic**<br> **payments**<br> **receivable**<br> **(payable)**<br> **($)**<br>| **Upfront**<br> **payments**<br> **($)**<br>| **Upfront**<br> **receipts**<br> **($)**<br>| **Unrealized**<br> **appreciation**<br> **($)**<br>| **Unrealized**<br> **depreciation**<br> **($)**<br>|
| &nbsp;&nbsp; Total return on <br> BridgeBio <br> Pharma, Inc.<br>| &nbsp;&nbsp; 1-Day Overnight <br> Fed Funds <br> Effective Rate <br> plus 0.550%<br>| Monthly | Morgan Stanley | 07/24/2026 | USD | 52977 | 344 | (115)<br>|  |  | 229 |  |
| &nbsp;&nbsp; Total return on <br> BridgeBio <br> Pharma, Inc.<br>| &nbsp;&nbsp; 1-Day Overnight <br> Fed Funds <br> Effective Rate <br> plus 0.550%<br>| Monthly | Morgan Stanley | 07/24/2026 | USD | 38934 | 252 | (84)<br>|  |  | 168 |  |
| &nbsp;&nbsp; Total return on <br> Insmed, Inc.<br>| &nbsp;&nbsp; 1-Day Overnight <br> Fed Funds <br> Effective Rate <br> plus 0.550%<br>| Monthly | Morgan Stanley | 07/24/2026 | USD | 1852 | 79 | (4)<br>|  |  | 75 |  |
| &nbsp;&nbsp; Total return on <br> NVIDIA Corp.<br>| &nbsp;&nbsp; 1-Day Overnight <br> Fed Funds <br> Effective Rate <br> plus 0.550%<br>| Monthly | Morgan Stanley | 07/24/2026 | USD | 1366 | 57 | (3)<br>|  |  | 54 |  |
| &nbsp;&nbsp; Total return on <br> Advanced <br> Energy <br> Industries, Inc.<br>| &nbsp;&nbsp; 1-Day Overnight <br> Fed Funds <br> Effective Rate <br> plus 0.550%<br>| Monthly | Morgan Stanley | 07/24/2026 | USD | 78733 | (104)<br>| (171)<br>|  |  |  | (275)<br>|
| &nbsp;&nbsp; Total return on <br> Cirrus Logic, Inc.<br>| &nbsp;&nbsp; 1-Day Overnight <br> Fed Funds <br> Effective Rate <br> plus 0.550%<br>| Monthly | Morgan Stanley | 07/24/2026 | USD | 39120 | (547)<br>| (85)<br>|  |  |  | (632)<br>|
| &nbsp;&nbsp; Total return on <br> Ascendis <br> Pharma A/S<br>| &nbsp;&nbsp; 1-Day Overnight <br> Fed Funds <br> Effective Rate <br> plus 0.550%<br>| Monthly | Morgan Stanley | 07/24/2026 | USD | 159023 | (1137)<br>| (345)<br>|  |  |  | (1482)<br>|
| &nbsp;&nbsp; Total return on <br> Ascendis <br> Pharma A/S<br>| &nbsp;&nbsp; 1-Day Overnight <br> Fed Funds <br> Effective Rate <br> plus 0.550%<br>| Monthly | Morgan Stanley | 07/24/2026 | USD | 235563 | (1685)<br>| (511)<br>|  |  |  | (2196)<br>|
| &nbsp;&nbsp; Total return on <br> Ascendis <br> Pharma A/S<br>| &nbsp;&nbsp; 1-Day Overnight <br> Fed Funds <br> Effective Rate <br> plus 0.550%<br>| Monthly | Morgan Stanley | 07/24/2026 | USD | 404372 | (2892)<br>| (877)<br>|  |  |  | (3769)<br>|
| &nbsp;&nbsp; Total return on <br> LENZ <br> Therapeutics, <br> Inc.<br>| &nbsp;&nbsp; 1-Day Overnight <br> Fed Funds <br> Effective Rate <br> plus 0.550%<br>| Monthly | Morgan Stanley | 07/24/2026 | USD | 44082 | (4011)<br>| (96)<br>|  |  |  | (4107)<br>|
| &nbsp;&nbsp; Total return on <br> LENZ <br> Therapeutics, <br> Inc.<br>| &nbsp;&nbsp; 1-Day Overnight <br> Fed Funds <br> Effective Rate <br> plus 0.550%<br>| Monthly | Morgan Stanley | 07/24/2026 | USD | 44114 | (4014)<br>| (96)<br>|  |  |  | (4110)<br>|
| &nbsp;&nbsp; Total return on <br> LENZ <br> Therapeutics, <br> Inc.<br>| &nbsp;&nbsp; 1-Day Overnight <br> Fed Funds <br> Effective Rate <br> plus 0.550%<br>| Monthly | Morgan Stanley | 07/24/2026 | USD | 44278 | (4029)<br>| (96)<br>|  |  |  | (4125)<br>|

---

Multi-Manager Directional Alternative Strategies Fund \| 2025

------

Portfolio of Investments (continued)

Multi-Manager Directional Alternative Strategies Fund, July 31, 2025 (Unaudited)

---

| | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Total return swap contracts (continued)** | **Total return swap contracts (continued)** | **Total return swap contracts (continued)** | **Total return swap contracts (continued)** | **Total return swap contracts (continued)** | **Total return swap contracts (continued)** | **Total return swap contracts (continued)** | **Total return swap contracts (continued)** | **Total return swap contracts (continued)** | **Total return swap contracts (continued)** | **Total return swap contracts (continued)** | **Total return swap contracts (continued)** | **Total return swap contracts (continued)** |
| **Fund receives** | **Fund pays** | **Payment**<br> **frequency**<br>| **Counterparty** | **Maturity**<br> **date**<br>| **Notional**<br> **currency**<br>| **Notional**<br> **amount**<br>| **Value**<br> **($)**<br>| **Periodic**<br> **payments**<br> **receivable**<br> **(payable)**<br> **($)**<br>| **Upfront**<br> **payments**<br> **($)**<br>| **Upfront**<br> **receipts**<br> **($)**<br>| **Unrealized**<br> **appreciation**<br> **($)**<br>| **Unrealized**<br> **depreciation**<br> **($)**<br>|
| &nbsp;&nbsp; Total return on <br> LENZ <br> Therapeutics, <br> Inc.<br>| &nbsp;&nbsp; 1-Day Overnight <br> Fed Funds <br> Effective Rate <br> plus 0.550%<br>| Monthly | Morgan Stanley | 07/24/2026 | USD | 44278 | (4029)<br>| (96)<br>|  |  |  | (4125)<br>|
| &nbsp;&nbsp; Total return on <br> Establishment <br> Labs Holdings, <br> Inc.<br>| &nbsp;&nbsp; 1-Day Overnight <br> Fed Funds <br> Effective Rate <br> plus 0.550%<br>| Monthly | Morgan Stanley | 07/24/2026 | USD | 75692 | (4200)<br>| (164)<br>|  |  |  | (4364)<br>|
| &nbsp;&nbsp; Total return on <br> LENZ <br> Therapeutics, <br> Inc.<br>| &nbsp;&nbsp; 1-Day Overnight <br> Fed Funds <br> Effective Rate <br> plus 0.550%<br>| Monthly | Morgan Stanley | 07/24/2026 | USD | 54987 | (5004)<br>| (119)<br>|  |  |  | (5123)<br>|
| &nbsp;&nbsp; Total return on <br> LENZ <br> Therapeutics, <br> Inc.<br>| &nbsp;&nbsp; 1-Day Overnight <br> Fed Funds <br> Effective Rate <br> plus 0.550%<br>| Monthly | Morgan Stanley | 07/24/2026 | USD | 67465 | (6139)<br>| (146)<br>|  |  |  | (6285)<br>|
| &nbsp;&nbsp; Total return on <br> Akero <br> Therapeutics, <br> Inc.<br>| &nbsp;&nbsp; 1-Day Overnight <br> Fed Funds <br> Effective Rate <br> plus 0.550%<br>| Monthly | Morgan Stanley | 07/24/2026 | USD | 135818 | (7635)<br>| (295)<br>|  |  |  | (7930)<br>|
| &nbsp;&nbsp; Total return on <br> argenx SE<br>| &nbsp;&nbsp; 1-Day Overnight <br> Fed Funds <br> Effective Rate <br> plus 0.550%<br>| Monthly | Morgan Stanley | 07/24/2026 | USD | 915885 | (8258)<br>|  |  |  |  | (8258)<br>|
| &nbsp;&nbsp; Total return on <br> EQT Corp.<br>| &nbsp;&nbsp; 1-Day Overnight <br> Fed Funds <br> Effective Rate <br> plus 0.550%<br>| Monthly | Morgan Stanley | 07/24/2026 | USD | 105356 | (8122)<br>| (229)<br>|  |  |  | (8351)<br>|
| &nbsp;&nbsp; Total return on <br> Powell <br> Industries, Inc.<br>| &nbsp;&nbsp; 1-Day Overnight <br> Fed Funds <br> Effective Rate <br> plus 0.550%<br>| Monthly | Morgan Stanley | 07/24/2026 | USD | 571021 | (8856)<br>| (542)<br>|  |  |  | (9398)<br>|
| &nbsp;&nbsp; Total return on <br> Monday.com <br> Ltd.<br>| &nbsp;&nbsp; 1-Day Overnight <br> Fed Funds <br> Effective Rate <br> plus 0.550%<br>| Monthly | Morgan Stanley | 07/24/2026 | USD | 128179 | (9886)<br>| (278)<br>|  |  |  | (10164)<br>|
| &nbsp;&nbsp; Total return on <br> Establishment <br> Labs Holdings, <br> Inc.<br>| &nbsp;&nbsp; 1-Day Overnight <br> Fed Funds <br> Effective Rate <br> plus 0.550%<br>| Monthly | Morgan Stanley | 07/24/2026 | USD | 187675 | (10415)<br>| (407)<br>|  |  |  | (10822)<br>|
| &nbsp;&nbsp; Total return on <br> Alkami <br> Technology, Inc.<br>| &nbsp;&nbsp; 1-Day Overnight <br> Fed Funds <br> Effective Rate <br> plus 0.550%<br>| Monthly | Morgan Stanley | 07/24/2026 | USD | 53237 | (10842)<br>| (115)<br>|  |  |  | (10957)<br>|
| &nbsp;&nbsp; Total return on <br> LENZ <br> Therapeutics, <br> Inc.<br>| &nbsp;&nbsp; 1-Day Overnight <br> Fed Funds <br> Effective Rate <br> plus 0.550%<br>| Monthly | Morgan Stanley | 07/24/2026 | USD | 125367 | (11407)<br>| (272)<br>|  |  |  | (11679)<br>|

---

Multi-Manager Directional Alternative Strategies Fund \| 2025

------

Portfolio of Investments (continued)

Multi-Manager Directional Alternative Strategies Fund, July 31, 2025 (Unaudited)

---

| | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Total return swap contracts (continued)** | **Total return swap contracts (continued)** | **Total return swap contracts (continued)** | **Total return swap contracts (continued)** | **Total return swap contracts (continued)** | **Total return swap contracts (continued)** | **Total return swap contracts (continued)** | **Total return swap contracts (continued)** | **Total return swap contracts (continued)** | **Total return swap contracts (continued)** | **Total return swap contracts (continued)** | **Total return swap contracts (continued)** | **Total return swap contracts (continued)** |
| **Fund receives** | **Fund pays** | **Payment**<br> **frequency**<br>| **Counterparty** | **Maturity**<br> **date**<br>| **Notional**<br> **currency**<br>| **Notional**<br> **amount**<br>| **Value**<br> **($)**<br>| **Periodic**<br> **payments**<br> **receivable**<br> **(payable)**<br> **($)**<br>| **Upfront**<br> **payments**<br> **($)**<br>| **Upfront**<br> **receipts**<br> **($)**<br>| **Unrealized**<br> **appreciation**<br> **($)**<br>| **Unrealized**<br> **depreciation**<br> **($)**<br>|
| &nbsp;&nbsp; Total return on <br> Exact Sciences <br> Corp.<br>| &nbsp;&nbsp; 1-Day Overnight <br> Fed Funds <br> Effective Rate <br> plus 0.550%<br>| Monthly | Morgan Stanley | 07/24/2026 | USD | 113081 | (12890)<br>| (245)<br>|  |  |  | (13135)<br>|
| &nbsp;&nbsp; Total return on <br> Powell <br> Industries, Inc.<br>| &nbsp;&nbsp; 1-Day Overnight <br> Fed Funds <br> Effective Rate <br> plus 0.550%<br>| Monthly | Morgan Stanley | 07/24/2026 | USD | 336007 | (13552)<br>| (182)<br>|  |  |  | (13734)<br>|
| &nbsp;&nbsp; Total return on <br> Alkami <br> Technology, Inc.<br>| &nbsp;&nbsp; 1-Day Overnight <br> Fed Funds <br> Effective Rate <br> plus 0.550%<br>| Monthly | Morgan Stanley | 07/24/2026 | USD | 75657 | (15407)<br>| (164)<br>|  |  |  | (15571)<br>|
| &nbsp;&nbsp; Total return on <br> LENZ <br> Therapeutics, <br> Inc.<br>| &nbsp;&nbsp; 1-Day Overnight <br> Fed Funds <br> Effective Rate <br> plus 0.550%<br>| Monthly | Morgan Stanley | 07/24/2026 | USD | 220047 | (20023)<br>| (477)<br>|  |  |  | (20500)<br>|
| &nbsp;&nbsp; Total return on <br> MKS, Inc.<br>| &nbsp;&nbsp; 1-Day Overnight <br> Fed Funds <br> Effective Rate <br> plus 0.550%<br>| Monthly | Morgan Stanley | 07/24/2026 | USD | 254500 | (21404)<br>| (552)<br>|  |  |  | (21956)<br>|
| &nbsp;&nbsp; Total return on <br> Spotify <br> Technology SA<br>| &nbsp;&nbsp; 1-Day Overnight <br> Fed Funds <br> Effective Rate <br> plus 0.550%<br>| Monthly | Morgan Stanley | 07/24/2026 | USD | 187561 | (22155)<br>| (407)<br>|  |  |  | (22562)<br>|
| &nbsp;&nbsp; Total return on <br> EQT Corp.<br>| &nbsp;&nbsp; 1-Day Overnight <br> Fed Funds <br> Effective Rate <br> plus 0.550%<br>| Monthly | Morgan Stanley | 07/24/2026 | USD | 287181 | (22140)<br>| (623)<br>|  |  |  | (22763)<br>|
| &nbsp;&nbsp; Total return on <br> Establishment <br> Labs Holdings, <br> Inc.<br>| &nbsp;&nbsp; 1-Day Overnight <br> Fed Funds <br> Effective Rate <br> plus 0.550%<br>| Monthly | Morgan Stanley | 07/24/2026 | USD | 405155 | (22483)<br>| (879)<br>|  |  |  | (23362)<br>|
| &nbsp;&nbsp; Total return on <br> Establishment <br> Labs Holdings, <br> Inc.<br>| &nbsp;&nbsp; 1-Day Overnight <br> Fed Funds <br> Effective Rate <br> plus 0.550%<br>| Monthly | Morgan Stanley | 07/24/2026 | USD | 463123 | (25701)<br>| (1004)<br>|  |  |  | (26705)<br>|
| &nbsp;&nbsp; Total return on <br> Alkami <br> Technology, Inc.<br>| &nbsp;&nbsp; 1-Day Overnight <br> Fed Funds <br> Effective Rate <br> plus 0.550%<br>| Monthly | Morgan Stanley | 07/24/2026 | USD | 171915 | (35009)<br>| (407)<br>|  |  |  | (35416)<br>|
| &nbsp;&nbsp; Total return on <br> EQT Corp.<br>| &nbsp;&nbsp; 1-Day Overnight <br> Fed Funds <br> Effective Rate <br> plus 0.550%<br>| Monthly | Morgan Stanley | 07/24/2026 | USD | 479082 | (36935)<br>| (1039)<br>|  |  |  | (37974)<br>|
| &nbsp;&nbsp; Total return on <br> Exact Sciences <br> Corp.<br>| &nbsp;&nbsp; 1-Day Overnight <br> Fed Funds <br> Effective Rate <br> plus 0.550%<br>| Monthly | Morgan Stanley | 07/24/2026 | USD | 357047 | (40698)<br>| (774)<br>|  |  |  | (41472)<br>|

---

Multi-Manager Directional Alternative Strategies Fund \| 2025

------

Portfolio of Investments (continued)

Multi-Manager Directional Alternative Strategies Fund, July 31, 2025 (Unaudited)

---

| | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Total return swap contracts (continued)** | **Total return swap contracts (continued)** | **Total return swap contracts (continued)** | **Total return swap contracts (continued)** | **Total return swap contracts (continued)** | **Total return swap contracts (continued)** | **Total return swap contracts (continued)** | **Total return swap contracts (continued)** | **Total return swap contracts (continued)** | **Total return swap contracts (continued)** | **Total return swap contracts (continued)** | **Total return swap contracts (continued)** | **Total return swap contracts (continued)** |
| **Fund receives** | **Fund pays** | **Payment**<br> **frequency**<br>| **Counterparty** | **Maturity**<br> **date**<br>| **Notional**<br> **currency**<br>| **Notional**<br> **amount**<br>| **Value**<br> **($)**<br>| **Periodic**<br> **payments**<br> **receivable**<br> **(payable)**<br> **($)**<br>| **Upfront**<br> **payments**<br> **($)**<br>| **Upfront**<br> **receipts**<br> **($)**<br>| **Unrealized**<br> **appreciation**<br> **($)**<br>| **Unrealized**<br> **depreciation**<br> **($)**<br>|
| &nbsp;&nbsp; Total return on <br> Allegro <br> MicroSystems, <br> Inc.<br>| &nbsp;&nbsp; 1-Day Overnight <br> Fed Funds <br> Effective Rate <br> plus 0.550%<br>| Monthly | Morgan Stanley | 07/24/2026 | USD | 909259 | (50384)<br>| (493)<br>|  |  |  | (50877)<br>|
| &nbsp;&nbsp; Total return on <br> MKS, Inc.<br>| &nbsp;&nbsp; 1-Day Overnight <br> Fed Funds <br> Effective Rate <br> plus 0.550%<br>| Monthly | Morgan Stanley | 07/24/2026 | USD | 704578 | (59257)<br>| (1528)<br>|  |  |  | (60785)<br>|
| &nbsp;&nbsp; Total return on <br> LENZ <br> Therapeutics, <br> Inc.<br>| &nbsp;&nbsp; 1-Day Overnight <br> Fed Funds <br> Effective Rate <br> plus 0.550%<br>| Monthly | Morgan Stanley | 07/24/2026 | USD | 660338 | (60086)<br>| (1432)<br>|  |  |  | (61518)<br>|
| &nbsp;&nbsp; Total return on <br> LENZ <br> Therapeutics, <br> Inc.<br>| &nbsp;&nbsp; 1-Day Overnight <br> Fed Funds <br> Effective Rate <br> plus 0.550%<br>| Monthly | Morgan Stanley | 07/24/2026 | USD | 708022 | (64424)<br>| (1536)<br>|  |  |  | (65960)<br>|
| &nbsp;&nbsp; Total return on <br> AtkinsRealis <br> Group, Inc.<br>| &nbsp;&nbsp; CORRA plus <br> 0.550%<br>| Monthly | Morgan Stanley | 07/27/2026 | CAD | 74015 | (454)<br>| (77)<br>|  |  |  | (531)<br>|
| &nbsp;&nbsp; Total return on <br> AtkinsRealis <br> Group, Inc.<br>| &nbsp;&nbsp; CORRA plus <br> 0.550%<br>| Monthly | Morgan Stanley | 07/27/2026 | CAD | 943587 | (5781)<br>| (985)<br>|  |  |  | (6766)<br>|
| &nbsp;&nbsp; Total return on <br> AtkinsRealis <br> Group, Inc.<br>| &nbsp;&nbsp; CORRA plus <br> 0.550%<br>| Monthly | Morgan Stanley | 07/27/2026 | CAD | 1069946 | (6555)<br>| (1117)<br>|  |  |  | (7672)<br>|
| &nbsp;&nbsp; Total return on <br> AtkinsRealis <br> Group, Inc.<br>| &nbsp;&nbsp; CORRA plus <br> 0.550%<br>| Monthly | Morgan Stanley | 07/27/2026 | CAD | 1918838 | (11756)<br>| (2003)<br>|  |  |  | (13759)<br>|
| &nbsp;&nbsp; Total return on <br> AtkinsRealis <br> Group, Inc.<br>| &nbsp;&nbsp; CORRA plus <br> 0.550%<br>| Monthly | Morgan Stanley | 07/27/2026 | CAD | 2197284 | (13462)<br>| (2294)<br>|  |  |  | (15756)<br>|
| Total |  |  |  |  |  |  | 2176670 | (101157)<br>|  |  | 2772439 | (696926)<br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Reference index and values for swap contracts as of period end** | **Reference index and values for swap contracts as of period end** | **Reference index and values for swap contracts as of period end** |
| **Reference index**  |  | **Reference rate** |
| 1-Day Overnight Fed Funds Effective Rate | Overnight Federal Funds Effective Rate | 4.330% |
| CORRA | Canadian Overnight Repo Rate Average | 2.770% |

---

**Notes to Portfolio of Investments** 

&nbsp;&nbsp;&nbsp;&nbsp;(a) Non-income producing investment.

&nbsp;&nbsp;&nbsp;&nbsp;(b) This security or a portion of this security has been pledged as collateral in connection
 with investments sold short and/or derivative contracts.

&nbsp;&nbsp;&nbsp;&nbsp;(c) Represents fair value as determined in good faith under procedures approved by the
 Board of Trustees. At July 31, 2025, the total value of these securities amounted
 to $0, which represents less than 0.01% of total net assets.

&nbsp;&nbsp;&nbsp;&nbsp;(d) Valuation based on significant unobservable inputs.

&nbsp;&nbsp;&nbsp;&nbsp;(e) The rate shown is the seven-day current annualized yield at July 31, 2025.

Multi-Manager Directional Alternative Strategies Fund \| 2025

------

Portfolio of Investments (continued)

Multi-Manager Directional Alternative Strategies Fund, July 31, 2025 (Unaudited)

**Notes to Portfolio of Investments (continued)**

&nbsp;&nbsp;&nbsp;&nbsp;(f) Under Section 2(a)(3) of the Investment Company Act of 1940, an affiliated company is one in which the Fund owns 5% or more of the company's outstanding voting securities, or a company which is under common ownership or control with the Fund.
 The value of the holdings and transactions in these affiliated companies during the period ended July 31, 2025 are as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Affiliated issuers** | **Beginning** <br>**of period($)**<br>| **Purchases($)** | **Sales($)** | **Net change in** <br>**unrealized** <br>**appreciation** <br>**(depreciation)($)**<br>| **End of** <br>**period($)**<br>| **Realized gain** <br>**(loss)($)**<br>| **Dividends($)** | **End of** <br>**period shares**<br>|
| Columbia Short-Term Cash Fund, 4.473% | Columbia Short-Term Cash Fund, 4.473% | Columbia Short-Term Cash Fund, 4.473% | Columbia Short-Term Cash Fund, 4.473% | Columbia Short-Term Cash Fund, 4.473% | Columbia Short-Term Cash Fund, 4.473% | Columbia Short-Term Cash Fund, 4.473% | Columbia Short-Term Cash Fund, 4.473% | Columbia Short-Term Cash Fund, 4.473% |
|  | 51408035 | &nbsp;&nbsp; 35374341 | &nbsp;&nbsp; (42167191)<br>| &nbsp;&nbsp; 476 | &nbsp;&nbsp; 44615661 | &nbsp;&nbsp; (274)<br>| &nbsp;&nbsp; 511367 | &nbsp;&nbsp; 44629049 |

---

**Abbreviation Legend** 

ADR American Depositary Receipt

**Currency Legend** 

CAD Canada Dollar <br> USD US Dollar

Investments are valued using policies described in the Notes to Financial Statements included within the most recent financial statements and additional information.

Multi-Manager Directional Alternative Strategies Fund \| 2025

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You may at any time request, free of charge, to receive a paper copy of this report by calling 800.345.6611.

1QT284_04_R01_(09/25)

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## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Columbia Funds Series Trust I

- **b. Investment Company Act file number:** 811-04367

- **c. CIK number of Registrant:** 0000773757

- **d. LEI of Registrant:** 549300W5GIE6ZOZOTD82

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

  - **Street Address 1:** 290 Congress Street

  - **City:** Boston

  - **State:** MA

  - **Foreign country:** US

  - **Zip / Postal Code:** 02110

  - **Telephone number:** 800-345-6611

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

- **a. Name of Series:** Multi-Manager Directional Alternative Strategies Fund

- **b. EDGAR series identifier (if any):** S000055250

- **c. LEI of Series:** 5493003HJGAEBQBVWG25

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

- **a. Date of fiscal year-end:** 2026-04-30

- **b. Date as of which information is reported:** 2025-07-31

**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:** $370986082.86

**Total Liabilities:** $83287350.20

**Net Assets:** $287698732.66

**Cash Not Reported:** $307798.53

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 0.000000000000 | **1-Year:** 0.000000000000 | **5-Year:** 0.000000000000 | **10-Year:** 0.000000000000 | **30-Year:** 0.000000000000

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

- **3-Month:** 0.000000000000 | **1-Year:** 0.000500000000 | **5-Year:** 0.000000000000 | **10-Year:** 0.000000000000 | **30-Year:** 750.624600000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000179758 | 3.71%                | 2.38%                | 0.65%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-3673778.19             | $11884280.07                               |
| Month 2  | $-190823.81              | $5539052.08                                |
| Month 3  | $-3222338.83             | $3588106.88                                |

**Designated Index Information**

- **Index Name:** N/A

- **Index Identifier:** N/A

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| BOYD GAMING CORP                                  | Boyd Gaming Corp                                      | CUSIP: 103304101<br>LEI: 254900787YGRYS2A1Z35 | Long             | EC               | CORP              | US        |     10795 | NS      | $916495.50    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| BRINKS CO                                         | Brink's Co/The                                        | CUSIP: 109696104<br>LEI: XFP140TFNOQMIVFTVQ13 | Long             | EC               | CORP              | US        |      8206 | NS      | $716712.04    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| BRISTOL-MYERS SQUIBB CO                           | Bristol-Myers Squibb Co                               | CUSIP: 110122108<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | EC               | CORP              | US        |     14701 | NS      | $636700.31    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| BROADCOM INC                                      | Broadcom Inc                                          | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |      4411 | NS      | $1295510.70   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| BROWN & BROWN INC                                 | Brown & Brown Inc                                     | CUSIP: 115236101<br>LEI: 549300PC8KTJ71XKFY89 | Long             | EC               | CORP              | US        |      3362 | NS      | $307185.94    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| BUILDERS FIRSTSOURCE INC                          | Builders FirstSource Inc                              | CUSIP: 12008R107<br>LEI: 549300W0SKP6L3H7DP63 | Long             | EC               | CORP              | US        |      5436 | NS      | $691078.68    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| CDW CORP                                          | CDW Corp/DE                                           | CUSIP: 12514G108<br>LEI: 9845001B052ABF0B6755 | Long             | EC               | CORP              | US        |      1486 | NS      | $259128.68    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| CH ROBINSON WORLDWIDE INC                         | CH Robinson Worldwide Inc                             | CUSIP: 12541W209<br>LEI: 529900WNWN5L0OVDHA79 | Long             | EC               | CORP              | US        |      5230 | NS      | $603123.60    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| CIGNA GROUP                                       | Cigna Group/The                                       | CUSIP: 125523100<br>LEI: 549300VIWYMSIGT1U456 | Long             | EC               | CORP              | US        |       358 | NS      | $95722.04     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| CVS HEALTH CORP                                   | CVS Health Corp                                       | CUSIP: 126650100<br>LEI: 549300EJG376EN5NQE29 | Long             | EC               | CORP              | US        |      8352 | NS      | $518659.20    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| CANADIAN PACIFIC KANSAS CITY                      | Canadian Pacific Kansas City Ltd                      | CUSIP: 13646K108<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |      6177 | NS      | $454318.35    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| CAPGEMINI SE                                      | Capgemini SE                                          | CUSIP: 000000000<br>LEI: 96950077L0TN7BAROX36 | Long             | EC               | CORP              | FR        |      2015 | NS      | $299986.10    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| OTIS WORLDWIDE CORP                               | Otis Worldwide Corp                                   | CUSIP: 68902V107<br>LEI: 549300ZLBKR8VSU25153 | Long             | EC               | CORP              | US        |      3760 | NS      | $322194.40    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| PPL CORP                                          | PPL Corp                                              | CUSIP: 69351T106<br>LEI: 9N3UAJSNOUXFKQLF3V18 | Long             | EC               | CORP              | US        |     19411 | NS      | $692778.59    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| PARKER HANNIFIN CORPORATION                       | Parker-Hannifin Corp                                  | CUSIP: 701094104<br>LEI: 5493002CONDB4N2HKI23 | Long             | EC               | CORP              | US        |       349 | NS      | $255433.10    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| PERMIAN RESOURCES CORPORATION                     | Permian Resources Corp                                | CUSIP: 71424F105<br>LEI: 529900NXUJPOKU7OJ511 | Long             | EC               | CORP              | US        |     18072 | NS      | $255899.52    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| PFIZER INC                                        | Pfizer Inc                                            | CUSIP: 717081103<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | EC               | CORP              | US        |       731 | NS      | $17024.99     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| PHILIP MORRIS INTERNATIONAL INC                   | Philip Morris International Inc                       | CUSIP: 718172109<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | EC               | CORP              | US        |      4857 | NS      | $796790.85    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| PRIMO BRANDS CORP                                 | Primo Brands Corp                                     | CUSIP: 741623102<br>LEI: 254900J0WS4AXV2LAX55 | Long             | EC               | CORP              | US        |     19545 | NS      | $539637.45    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| PROGRESSIVE CORP                                  | Progressive Corp/The                                  | CUSIP: 743315103<br>LEI: 529900TACNVLY9DCR586 | Long             | EC               | CORP              | US        |      1946 | NS      | $471009.84    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| QUEST DIAGNOSTICS INC                             | Quest Diagnostics Inc                                 | CUSIP: 74834L100<br>LEI: 8MCWUBXQ0WE04KMXBX50 | Long             | EC               | CORP              | US        |      3048 | NS      | $510265.68    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| RH                                                | RH                                                    | CUSIP: 74967X103<br>LEI: 5493008MTS3OGGMHGK69 | Long             | EC               | CORP              | US        |       987 | NS      | $202946.94    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Ralliant Corp                                     | Ralliant Corp                                         | CUSIP: 750940108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1914 | NS      | $87508.08     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| CAPITAL ONE FIN CORP                              | Capital One Financial Corp                            | CUSIP: 14040H105<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | EC               | CORP              | US        |      1388 | NS      | $298420.00    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| CELESTICA INC.                                    | Celestica Inc                                         | CUSIP: 15101Q207<br>LEI: 549300J3CG5T6RZWLN53 | Long             | EC               | CORP              | CA        |      4508 | NS      | $900968.88    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| REGENCY CENTERS CORP                              | Regency Centers Corp                                  | CUSIP: 758849103<br>LEI: 529900053A7X7FJ97S58 | Long             | EC               | CORP              | US        |      4707 | NS      | $336079.80    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| RELIANCE INC                                      | Reliance Inc                                          | CUSIP: 759509102<br>LEI: 549300E287ZOFT3C5Z56 | Long             | EC               | CORP              | US        |      1023 | NS      | $296802.99    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| RESIDEO TECHNOLOGIES INC                          | Resideo Technologies Inc                              | CUSIP: 76118Y104<br>LEI: 5493006TKFPYISY2DS54 | Long             | EC               | CORP              | US        |     38033 | NS      | $1038300.90   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| RESTAURANT BRANDS INTERNATIONAL INC               | Restaurant Brands International Inc                   | CUSIP: 76131D103<br>LEI: 5299009RXTX9DN9AKJ98 | Long             | EC               | CORP              | CA        |      3195 | NS      | $216812.70    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| ROSS STORES INC                                   | Ross Stores Inc                                       | CUSIP: 778296103<br>LEI: 549300ENZFLPGRDFZQ60 | Long             | EC               | CORP              | US        |      2998 | NS      | $409346.92    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| RUBRIK INC                                        | Rubrik Inc                                            | CUSIP: 781154109<br>LEI: 254900TRGK2WTBYMYU27 | Long             | EC               | CORP              | US        |      3966 | NS      | $376571.70    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| CIRRUS LOGIC INC                                  | Cirrus Logic Inc                                      | CUSIP: 172755100<br>LEI: 549300NKSJEM5ZZSSV18 | Long             | EC               | CORP              | US        |      7193 | NS      | $724407.03    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| COCA-COLA CONSOLIDATED INC                        | Coca-Cola Consolidated Inc                            | CUSIP: 191098102<br>LEI: 57VG5X0E00X0QJU7CQ58 | Long             | EC               | CORP              | US        |      4064 | NS      | $454152.00    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| SLM CORP                                          | SLM Corp                                              | CUSIP: 78442P106<br>LEI: 4K8SLPBF5DXXGPW03H93 | Long             | EC               | CORP              | US        |      6928 | NS      | $220310.40    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| SS&C TECHNOLOGIES HOLDINGS INC                    | SS&C Technologies Holdings Inc                        | CUSIP: 78467J100<br>LEI: 529900POY8H7NPPNKK71 | Long             | EC               | CORP              | US        |      8781 | NS      | $750599.88    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| COCA-COLA CO                                      | Coca-Cola Co/The                                      | CUSIP: 191216100<br>LEI: UWJKFUJFZ02DKWI3RY53 | Long             | EC               | CORP              | US        |     11063 | NS      | $751067.07    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| COLUMBIA SHORT TERM CASH FUND                     | COLUMBIA SHORT TERM CASH FUND                         | CUSIP: 19766H239<br>LEI: N/A                  | Long             | STIV             | RF                | US        |  44629049 | NS      | $44615660.53  | 15.51%            |  |  |  | No            |                  1 | On Loan: No      |
| CORPAY INC                                        | Corpay Inc                                            | CUSIP: 219948106<br>LEI: 549300DG6RR0NQSFLN74 | Long             | EC               | CORP              | US        |      2565 | NS      | $828623.25    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| COPT DEFENSE PROPERTIES                           | COPT Defense Properties                               | CUSIP: 22002T108<br>LEI: YY1J47X6LF9TYY8JY420 | Long             | EC               | CORP              | US        |     10168 | NS      | $277383.04    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| CHARLES SCHWAB CORP                               | Charles Schwab Corp/The                               | CUSIP: 808513105<br>LEI: 549300VSGCJ7E698NM85 | Long             | EC               | CORP              | US        |      5011 | NS      | $489725.03    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| SSE PLC                                           | SSE PLC                                               | CUSIP: 000000000<br>LEI: 549300KI75VYLLMSK856 | Long             | EC               | CORP              | GB        |     22888 | NS      | $561036.23    | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| GENEDX HOLDINGS CORP                              | GeneDx Holdings Corp                                  | CUSIP: 81663L200<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     22774 | NS      | $2321809.30   | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| SHIFT4 PAYMENTS INC                               | Shift4 Payments Inc                                   | CUSIP: 82452J109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3983 | NS      | $410249.00    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| SIEMENS AG                                        | Siemens AG                                            | CUSIP: 000000000<br>LEI: W38RGI023J3WT1HWRP32 | Long             | EC               | CORP              | DE        |       991 | NS      | $252411.04    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| SILICON MTN TEC                                   | Silicon Motion Technology Corp                        | CUSIP: 82706C108<br>LEI: 5299005RBVBZQJTYFC89 | Long             | EC               | CORP              | KY        |     39054 | NS      | $2989193.16   | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| SIMPLY GOOD FOODS CO                              | Simply Good Foods Co/The                              | CUSIP: 82900L102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      6807 | NS      | $207341.22    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| SOLARIS ENERGY INFRASTRUCTURE INC                 | Solaris Energy Infrastructure Inc                     | CUSIP: 83418M103<br>LEI: 529900MTK3C8Y8TIIC10 | Long             | EC               | CORP              | US        |    106517 | NS      | $3479910.39   | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| SOUTHERN COMPANY (THE)                            | Southern Co/The                                       | CUSIP: 842587107<br>LEI: 549300FC3G3YU2FBZD92 | Long             | EC               | CORP              | US        |      6828 | NS      | $645109.44    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| STRYKER CORP                                      | Stryker Corp                                          | CUSIP: 863667101<br>LEI: 5493002F0SC4JTBU5137 | Long             | EC               | CORP              | US        |       296 | NS      | $116248.08    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| CUMMINS INC                                       | Cummins Inc                                           | CUSIP: 231021106<br>LEI: ZUNI8PYC725B6H8JU438 | Long             | EC               | CORP              | US        |       919 | NS      | $337842.78    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| CURTISS-WRIGHT CORPORATION                        | Curtiss-Wright Corp                                   | CUSIP: 231561101<br>LEI: TEL51ETZWP7D0ZM4X325 | Long             | EC               | CORP              | US        |       859 | NS      | $421098.98    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| SUMITOMO MITSUI FIN GRP INC                       | Sumitomo Mitsui Financial Group Inc                   | CUSIP: 000000000<br>LEI: 35380028MYWPB6AUO129 | Long             | EC               | CORP              | JP        |      7500 | NS      | $189199.58    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| SYNCHRONY FINANCIAL                               | Synchrony Financial                                   | CUSIP: 87165B103<br>LEI: 549300RS7EWPM9MA6C78 | Long             | EC               | CORP              | US        |      2942 | NS      | $204969.14    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| SYSCO CORP                                        | Sysco Corp                                            | CUSIP: 871829107<br>LEI: 5RGWIFLMGH3YS7KWI652 | Long             | EC               | CORP              | US        |      9431 | NS      | $750707.60    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| TJX COMPANIES INC                                 | TJX Cos Inc/The                                       | CUSIP: 872540109<br>LEI: V167QI9I69W364E2DY52 | Long             | EC               | CORP              | US        |      4715 | NS      | $587158.95    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| T-MOBILE US INC                                   | T-Mobile US Inc                                       | CUSIP: 872590104<br>LEI: 549300QHIJYOHPACPG31 | Long             | EC               | CORP              | US        |      1677 | NS      | $399813.57    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| TALEN ENERGY CORP                                 | Talen Energy Corp                                     | CUSIP: 87422Q109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2587 | NS      | $976773.59    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| TENET HEALTHCARE CORP                             | Tenet Healthcare Corp                                 | CUSIP: 88033G407<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | EC               | CORP              | US        |      3386 | NS      | $546094.08    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| TRADE DESK INC                                    | Trade Desk Inc/The                                    | CUSIP: 88339J105<br>LEI: 549300GXPD31VT3E0P46 | Long             | EC               | CORP              | US        |     49062 | NS      | $4266431.52   | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| 3M CO                                             | 3M Co                                                 | CUSIP: 88579Y101<br>LEI: LUZQVYP4VS22CLWDAR65 | Long             | EC               | CORP              | US        |      3547 | NS      | $529283.34    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| COTY INC                                          | Coty Inc                                              | CUSIP: 222070203<br>LEI: 549300BO9IWPF3S48F93 | Short            | EC               | CORP              | US        |    -54106 | NS      | $-262414.10   | -0.09%            |  |  |  | No            |                  1 | On Loan: No      |
| CRACKER BARREL OLD COUNTRY STORE INC              | Cracker Barrel Old Country Store Inc                  | CUSIP: 22410J106<br>LEI: 8P4PHQIUWPIECBFBW745 | Short            | EC               | CORP              | US        |     -3854 | NS      | $-238948.00   | -0.08%            |  |  |  | No            |                  1 | On Loan: No      |
| CREDIT ACCEP CORP                                 | Credit Acceptance Corp                                | CUSIP: 225310101<br>LEI: N/A                  | Short            | EC               | CORP              | US        |     -1107 | NS      | $-542739.96   | -0.19%            |  |  |  | No            |                  1 | On Loan: No      |
| CULLEN/FROST BANKERS INC                          | Cullen/Frost Bankers Inc                              | CUSIP: 229899109<br>LEI: 529900V2E9G9AY665O34 | Short            | EC               | CORP              | US        |     -1671 | NS      | $-212902.11   | -0.07%            |  |  |  | No            |                  1 | On Loan: No      |
| TELUS CORP                                        | TELUS Corp                                            | CUSIP: 000000000<br>LEI: L2TEUTQ8OSHMJWVLCE40 | Short            | EC               | CORP              | CA        |    -10504 | NS      | $-169204.16   | -0.06%            |  |  |  | No            |                  1 | On Loan: No      |
| DENTSU GROUP INC                                  | Dentsu Group Inc                                      | CUSIP: 000000000<br>LEI: 5299007PBBE83ZLJZG91 | Short            | EC               | CORP              | JP        |    -18500 | NS      | $-364831.14   | -0.13%            |  |  |  | No            |                  2 | On Loan: No      |
| DEXCOM                                            | Dexcom Inc                                            | CUSIP: 252131107<br>LEI: 549300YSK3QDSFR5EU59 | Short            | EC               | CORP              | US        |     -1558 | NS      | $-125839.66   | -0.04%            |  |  |  | No            |                  1 | On Loan: No      |
| DICKS SPORTING GOODS INC.                         | Dick's Sporting Goods Inc                             | CUSIP: 253393102<br>LEI: 529900SSBV5I4LWSK313 | Short            | EC               | CORP              | US        |     -1403 | NS      | $-296748.53   | -0.10%            |  |  |  | No            |                  1 | On Loan: No      |
| DIGITAL REALTY                                    | Digital Realty Trust Inc                              | CUSIP: 253868103<br>LEI: 549300HKCZ31D08NEI41 | Short            | EC               | CORP              | US        |     -2131 | NS      | $-375993.64   | -0.13%            |  |  |  | No            |                  1 | On Loan: No      |
| DOLLAR GENERAL CORP                               | Dollar General Corp                                   | CUSIP: 256677105<br>LEI: OPX52SQVOZI8IVSWYU66 | Short            | EC               | CORP              | US        |     -2213 | NS      | $-232143.70   | -0.08%            |  |  |  | No            |                  1 | On Loan: No      |
| DOXIMITY INC                                      | Doximity Inc                                          | CUSIP: 26622P107<br>LEI: N/A                  | Short            | EC               | CORP              | US        |     -2042 | NS      | $-119967.50   | -0.04%            |  |  |  | No            |                  1 | On Loan: No      |
| ENTEGRIS INC                                      | Entegris Inc                                          | CUSIP: 29362U104<br>LEI: IYX6OWO7BT5DKO3BYG52 | Short            | EC               | CORP              | US        |     -4025 | NS      | $-315801.50   | -0.11%            |  |  |  | No            |                  1 | On Loan: No      |
| ERIE INDEMNITY CO                                 | Erie Indemnity Co                                     | CUSIP: 29530P102<br>LEI: 549300WA5KP94KRUFZ80 | Short            | EC               | CORP              | US        |      -259 | NS      | $-92266.16    | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| FIRST FIN BANKSHARES INC                          | First Financial Bankshares Inc                        | CUSIP: 32020R109<br>LEI: 549300XN3GTGOENGNV49 | Short            | EC               | CORP              | US        |    -17014 | NS      | $-589024.68   | -0.20%            |  |  |  | No            |                  1 | On Loan: No      |
| FLOOR & DECOR HOLDINGS INC                        | Floor & Decor Holdings Inc                            | CUSIP: 339750101<br>LEI: 549300M5FR3N688XGQ36 | Short            | EC               | CORP              | US        |     -1505 | NS      | $-115343.20   | -0.04%            |  |  |  | No            |                  1 | On Loan: No      |
| FORTIS INC                                        | Fortis Inc/Canada                                     | CUSIP: 349553107<br>LEI: 549300MQYQ9Y065XPR71 | Short            | EC               | CORP              | CA        |     -9156 | NS      | $-448369.32   | -0.16%            |  |  |  | No            |                  1 | On Loan: No      |
| FOX FACTORY HOLDING CORP                          | Fox Factory Holding Corp                              | CUSIP: 35138V102<br>LEI: 529900GE1HSV0617R721 | Short            | EC               | CORP              | US        |     -7563 | NS      | $-229688.31   | -0.08%            |  |  |  | No            |                  1 | On Loan: No      |
| FUJI MEDIA HOLDINGS INC                           | Fuji Media Holdings Inc                               | CUSIP: 000000000<br>LEI: 353800TG2T8DSPV7H313 | Short            | EC               | CORP              | JP        |    -10700 | NS      | $-252236.78   | -0.09%            |  |  |  | No            |                  2 | On Loan: No      |
| GXO LOGISTICS INC                                 | GXO Logistics Inc                                     | CUSIP: 36262G101<br>LEI: N/A                  | Short            | EC               | CORP              | US        |     -4331 | NS      | $-215294.01   | -0.07%            |  |  |  | No            |                  1 | On Loan: No      |
| GLACIER BANCORP INC                               | Glacier Bancorp Inc                                   | CUSIP: 37637Q105<br>LEI: 549300SMJAUKZB5D7V74 | Short            | EC               | CORP              | US        |    -16648 | NS      | $-729681.84   | -0.25%            |  |  |  | No            |                  1 | On Loan: No      |
| GOOSEHEAD INSURANCE INC                           | Goosehead Insurance Inc                               | CUSIP: 38267D109<br>LEI: 549300WH5MBIWHJ9XY95 | Short            | EC               | CORP              | US        |    -16945 | NS      | $-1540469.95  | -0.54%            |  |  |  | No            |                  1 | On Loan: No      |
| DARDEN RESTAURANTS INC                            | Darden Restaurants Inc                                | CUSIP: 237194105<br>LEI: CY1NFSCCB5GUXC7WZC70 | Long             | EC               | CORP              | US        |      1695 | NS      | $341830.65    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| DAVITA INC                                        | DaVita Inc                                            | CUSIP: 23918K108<br>LEI: M2XHYMU3TZNEZURC6H66 | Long             | EC               | CORP              | US        |      1393 | NS      | $195535.41    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| GRAIL INC                                         | GRAIL Inc                                             | CUSIP: 384747101<br>LEI: 2549009XSNESW3VE8024 | Short            | EC               | CORP              | US        |     -2856 | NS      | $-97703.76    | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| GRAPHIC PACKAGING HOLDING CO                      | Graphic Packaging Holding Co                          | CUSIP: 388689101<br>LEI: N/A                  | Short            | EC               | CORP              | US        |     -6147 | NS      | $-137446.92   | -0.05%            |  |  |  | No            |                  1 | On Loan: No      |
| KEYSIGHT TECHNOLOGIES INC                         | Keysight Technologies Inc                             | CUSIP: 49338L103<br>LEI: 549300GLKVIO8YRCYN02 | Short            | EC               | CORP              | US        |     -5579 | NS      | $-914453.89   | -0.32%            |  |  |  | No            |                  1 | On Loan: No      |
| KIKKOMAN CORP                                     | Kikkoman Corp                                         | CUSIP: 000000000<br>LEI: 529900T9K5UH9HXOND47 | Short            | EC               | CORP              | JP        |    -13100 | NS      | $-115083.03   | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| KIMBERLY-CLARK CORPORATION                        | Kimberly-Clark Corp                                   | CUSIP: 494368103<br>LEI: MP3J6QPYPGN75NVW2S34 | Short            | EC               | CORP              | US        |     -2397 | NS      | $-298714.14   | -0.10%            |  |  |  | No            |                  1 | On Loan: No      |
| KINSALE CAPITAL GROUP INC                         | Kinsale Capital Group Inc                             | CUSIP: 49714P108<br>LEI: 529900QTUQHNZ6HOA508 | Short            | EC               | CORP              | US        |      -908 | NS      | $-400146.52   | -0.14%            |  |  |  | No            |                  1 | On Loan: No      |
| DELL TECHNOLOGIES INC                             | Dell Technologies Inc                                 | CUSIP: 24703L202<br>LEI: 549300TJB5YBRUPOG437 | Long             | EC               | CORP              | US        |      3286 | NS      | $436019.34    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| DELTA AIR LINES INC                               | Delta Air Lines Inc                                   | CUSIP: 247361702<br>LEI: Q2CCMS6R0AS67HJMBN42 | Long             | EC               | CORP              | US        |      3361 | NS      | $178838.81    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| DANSKE BANK A/S                                   | Danske Bank A/S                                       | CUSIP: 000000000<br>LEI: MAES062Z21O4RZ2U7M96 | Long             | EC               | CORP              | DK        |      5236 | NS      | $207719.85    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| DEUTSCHE TELEKOM AG                               | Deutsche Telekom AG                                   | CUSIP: 000000000<br>LEI: 549300V9QSIG4WX4GJ96 | Long             | EC               | CORP              | DE        |     10852 | NS      | $389216.99    | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| WALT DISNEY CO                                    | Walt Disney Co/The                                    | CUSIP: 254687106<br>LEI: 549300GZKULIZ0WOW665 | Long             | EC               | CORP              | US        |      5922 | NS      | $705369.42    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| DUPONT DE NEMOURS INC                             | DuPont de Nemours Inc                                 | CUSIP: 26614N102<br>LEI: 5493004JF0SDFLM8GD76 | Long             | EC               | CORP              | US        |      8487 | NS      | $610215.30    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| FRONTDOOR INC                                     | Frontdoor Inc                                         | CUSIP: 35905A109<br>LEI: 5493008RB0JZJI3QGZ06 | Long             | EC               | CORP              | US        |     26174 | NS      | $1531179.00   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| GCI Liberty Inc                                   | GCI Liberty Inc                                       | CUSIP: 36164V800<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1472 | NS      | $48957.30     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| ARTHUR J GALLAGHER & CO                           | Arthur J Gallagher & Co                               | CUSIP: 363576109<br>LEI: 54930049QLLMPART6V29 | Long             | EC               | CORP              | US        |      1645 | NS      | $472526.25    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| GOLDMAN SACHS GROUP INC/THE                       | Goldman Sachs Group Inc/The                           | CUSIP: 38141G104<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | EC               | CORP              | US        |       381 | NS      | $275687.79    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| HCA HEALTHCARE INC                                | HCA Healthcare Inc                                    | CUSIP: 40412C101<br>LEI: 529900PH4ZGUH2MNEU89 | Long             | EC               | CORP              | US        |      1463 | NS      | $517887.37    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| HERC HOLDINGS INC                                 | Herc Holdings Inc                                     | CUSIP: 42704L104<br>LEI: 549300TP80QLITMSBP82 | Long             | EC               | CORP              | US        |      3619 | NS      | $422735.39    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| HISCOX LTD                                        | Hiscox Ltd                                            | CUSIP: 000000000<br>LEI: 5493007JXOLJ0QCY2D70 | Long             | EC               | CORP              | BM        |     27587 | NS      | $469676.49    | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| HOME DEPOT INC                                    | Home Depot Inc/The                                    | CUSIP: 437076102<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | EC               | CORP              | US        |       938 | NS      | $344724.38    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| HONEYWELL INTERNATIONAL INC                       | Honeywell International Inc                           | CUSIP: 438516106<br>LEI: ISRPG12PN4EIEOEMW547 | Long             | EC               | CORP              | US        |      2236 | NS      | $497174.60    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| HOWMET AEROSPACE INC                              | Howmet Aerospace Inc                                  | CUSIP: 443201108<br>LEI: 549300HO5WFZUT5N2T22 | Long             | EC               | CORP              | US        |      3803 | NS      | $683665.31    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| HUMANA INC                                        | Humana Inc                                            | CUSIP: 444859102<br>LEI: 529900YLDW34GJAO4J06 | Long             | EC               | CORP              | US        |       415 | NS      | $103696.05    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| HUNTINGTON BANCSHARES INC                         | Huntington Bancshares Inc/OH                          | CUSIP: 446150104<br>LEI: 549300XTVCVV9I7B5T19 | Long             | EC               | CORP              | US        |     31296 | NS      | $514193.28    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| HURON CONSUL                                      | Huron Consulting Group Inc                            | CUSIP: 447462102<br>LEI: 549300NGVB9H6TKTLE36 | Long             | EC               | CORP              | US        |      4043 | NS      | $533999.44    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| IMI PLC                                           | IMI PLC                                               | CUSIP: 000000000<br>LEI: 2138002W9Q21PF751R30 | Long             | EC               | CORP              | GB        |     15787 | NS      | $461216.20    | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| INFORMA PLC                                       | Informa PLC                                           | CUSIP: 000000000<br>LEI: 5493006VM2LKUPSEDU20 | Long             | EC               | CORP              | GB        |     54751 | NS      | $626079.99    | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| INTERCONTINENTAL EXCHANGE INC                     | Intercontinental Exchange Inc                         | CUSIP: 45866F104<br>LEI: 5493000F4ZO33MV32P92 | Long             | EC               | CORP              | US        |      1811 | NS      | $334727.13    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                    | TRSWAP: RBRK US EQUITY 07/24/2026                     | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | GB        |   -381326 | OU      | $33225.26     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley                                    | TRSWAP: RBRK US EQUITY 07/24/2026                     | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | GB        |    -38954 | OU      | $3394.06      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley                                    | TRSWAP: MNTN US EQUITY 07/24/2026                     | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | GB        |   -120790 | OU      | $24882.13     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley                                    | TRSWAP: EXAS US EQUITY                                | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |   -113081 | OU      | $-12889.36    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley                                    | TRSWAP: TWLO US EQUITY                                | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |   -207533 | OU      | $4671.80      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley                                    | TRSWAP: ALAB US EQUITY                                | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |    -64744 | OU      | $31103.37     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley                                    | Astera Labs Inc                                       | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |      -138 | NC      | $-299460.00   | -0.10%            |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                    | Meta Platforms Inc                                    | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |        14 | NC      | $98210.00     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| UBS                                               | Snowflake Inc                                         | CUSIP: 000000000<br>LEI: T6FIZBDPKLYJKFCRVK44 | N/A              | DE               | CORP              | US        |        75 | NC      | $5850.00      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                    | Futu Holdings Ltd                                     | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | KY        |        69 | NC      | $8211.00      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERICAN EXPRESS COMPANY                          | American Express Co                                   | CUSIP: 025816109<br>LEI: R4PP93JZOLY261QX3811 | Long             | EC               | CORP              | US        |      1428 | NS      | $427414.68    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERICOLD REALTY TRUST INC                        | Americold Realty Trust Inc                            | CUSIP: 03064D108<br>LEI: 894500O3S3W62PQPO460 | Long             | EC               | CORP              | US        |     23810 | NS      | $382864.80    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| CENCORA INC                                       | Cencora Inc                                           | CUSIP: 03073E105<br>LEI: AI8GXW8LG5WK7E9UD086 | Long             | EC               | CORP              | US        |      1373 | NS      | $392787.84    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| AMETEK INC                                        | AMETEK Inc                                            | CUSIP: 031100100<br>LEI: 549300WZDEF9KKE40E98 | Long             | EC               | CORP              | US        |      1967 | NS      | $363599.95    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| AMGEN INC                                         | Amgen Inc                                             | CUSIP: 031162100<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | EC               | CORP              | US        |      2559 | NS      | $755160.90    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| ANDRITZ AG                                        | ANDRITZ AG                                            | CUSIP: 000000000<br>LEI: 549300VZKC61IR5U8G96 | Long             | EC               | CORP              | AT        |      3025 | NS      | $210512.72    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| ELEVANCE HEALTH INC                               | Elevance Health Inc                                   | CUSIP: 036752103<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | EC               | CORP              | US        |       354 | NS      | $100210.32    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| APOLLO GLOBAL MANAGEMENT INC                      | Apollo Global Management Inc                          | CUSIP: 03769M106<br>LEI: 254900LMFT1CY9IYB476 | Long             | EC               | CORP              | US        |      2797 | NS      | $406460.04    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| APPLIED MAT INC                                   | Applied Materials Inc                                 | CUSIP: 038222105<br>LEI: 41BNNE1AFPNAZELZ6K07 | Long             | EC               | CORP              | US        |      2004 | NS      | $360840.24    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| ARROW ELECTRONICS INC                             | Arrow Electronics Inc                                 | CUSIP: 042735100<br>LEI: 549300YNNLBXT8N8R512 | Long             | EC               | CORP              | US        |      2426 | NS      | $281416.00    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| ASCENDIS PHARMA A/S                               | Ascendis Pharma A/S                                   | CUSIP: 04351P101<br>LEI: 549300B66JN3W3J8GH73 | Long             | EC               | CORP              | DK        |     13835 | NS      | $2400372.50   | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| ASTRAZENECA PLC                                   | AstraZeneca PLC                                       | CUSIP: 000000000<br>LEI: PY6ZZQWO2IZFZC3IOL08 | Long             | EC               | CORP              | GB        |      3382 | NS      | $493405.63    | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| AUTONATION INC                                    | AutoNation Inc                                        | CUSIP: 05329W102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2051 | NS      | $395104.64    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| AUTOZONE INC                                      | AutoZone Inc                                          | CUSIP: 053332102<br>LEI: GA3JGKJ41LJKXDN23E90 | Long             | EC               | CORP              | US        |       158 | NS      | $595404.04    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| BJS WHOLESALE CLUB INC                            | BJ's Wholesale Club Holdings Inc                      | CUSIP: 05550J101<br>LEI: 549300H2XDOGOSR9L398 | Long             | EC               | CORP              | US        |      5832 | NS      | $617608.80    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| BANK OF AMERICA CORP                              | Bank of America Corp                                  | CUSIP: 060505104<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EC               | CORP              | US        |     30402 | NS      | $1437102.54   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| BNP PARIBAS SA                                    | BNP Paribas SA                                        | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | EC               | CORP              | FR        |      1843 | NS      | $168041.57    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| BEAZLEY PLC                                       | Beazley PLC                                           | CUSIP: 000000000<br>LEI: 213800VTOMUWD41GIT12 | Long             | EC               | CORP              | GB        |     42148 | NS      | $496618.65    | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| BERKSHIRE HATHAWAY INC                            | Berkshire Hathaway Inc                                | CUSIP: 084670702<br>LEI: 5493000C01ZX7D35SD85 | Long             | EC               | CORP              | US        |      1044 | NS      | $492642.72    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| ENTERGY CORP                                      | Entergy Corp                                          | CUSIP: 29364G103<br>LEI: 4XM3TW50JULSLG8BNC79 | Long             | EC               | CORP              | US        |      9849 | NS      | $890645.07    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| ENTERPRISE PRODUCTS PARTNERS L.P.                 | Enterprise Products Partners LP                       | CUSIP: 293792107<br>LEI: K4CDIF4M54DJZ6TB4Q48 | Long             | EC               | CORP              | US        |     14913 | NS      | $462153.87    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| EQUIFAX INC                                       | Equifax Inc                                           | CUSIP: 294429105<br>LEI: 5493004MCF8JDC86VS77 | Long             | EC               | CORP              | US        |      2774 | NS      | $666398.02    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| EQUITABLE HOLDINGS INC                            | Equitable Holdings Inc                                | CUSIP: 29452E101<br>LEI: 549300FIBAKMNHPZ4009 | Long             | EC               | CORP              | US        |      3833 | NS      | $196824.55    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| ESSEX PROPERTY TRUST INC                          | Essex Property Trust Inc                              | CUSIP: 297178105<br>LEI: 549300TR2H2VEFX0NC60 | Long             | EC               | CORP              | US        |      1043 | NS      | $271367.74    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| AIRBUS SE                                         | Airbus SE                                             | CUSIP: 000000000<br>LEI: MINO79WLOO247M1IL051 | Long             | EC               | CORP              | NL        |      3542 | NS      | $712137.36    | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| EVERCORE INC                                      | Evercore Inc                                          | CUSIP: 29977A105<br>LEI: 529900P6KLPT95DW3W58 | Long             | EC               | CORP              | US        |      1494 | NS      | $449903.16    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| EXACT SCIENCES CORP                               | Exact Sciences Corp                                   | CUSIP: 30063P105<br>LEI: 549300VM3X1FYD4N9Z14 | Long             | EC               | CORP              | US        |     33638 | NS      | $1579304.10   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| EXPEDITORS INTL OF WASHINGTON INC                 | Expeditors International of Washington Inc            | CUSIP: 302130109<br>LEI: 984500B055A804AB6E40 | Long             | EC               | CORP              | US        |      4099 | NS      | $476467.76    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| EXTRA SPACE STORAGE INC                           | Extra Space Storage Inc                               | CUSIP: 30225T102<br>LEI: 529900SDJHKRQWED6A16 | Long             | EC               | CORP              | US        |      2495 | NS      | $335228.20    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| FEDEX CORP                                        | FedEx Corp                                            | CUSIP: 31428X106<br>LEI: 549300E707U7WNPZN687 | Long             | EC               | CORP              | US        |      1609 | NS      | $359595.41    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| FERGUSON ENTERPRISES INC                          | Ferguson Enterprises Inc                              | CUSIP: 31488V107<br>LEI: 2138003JYQMRP3SLX189 | Long             | EC               | CORP              | US        |      1760 | NS      | $393060.80    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| FIDELITY NATIONAL INFORMATION SE                  | Fidelity National Information Services Inc            | CUSIP: 31620M106<br>LEI: 6WQI0GK1PRFVBA061U48 | Long             | EC               | CORP              | US        |      9263 | NS      | $735574.83    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| FIFTH THIRD BANCORP                               | Fifth Third Bancorp                                   | CUSIP: 316773100<br>LEI: THRNG6BD57P9QWTQLG42 | Long             | EC               | CORP              | US        |      8610 | NS      | $357917.70    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| FIRST AMERICAN FINANCIAL CORP                     | First American Financial Corp                         | CUSIP: 31847R102<br>LEI: 549300B6VEZK3N0A1P55 | Long             | EC               | CORP              | US        |      4064 | NS      | $244043.20    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| FIRSTENERGY CORP                                  | FirstEnergy Corp                                      | CUSIP: 337932107<br>LEI: 549300SVYJS666PQJH88 | Long             | EC               | CORP              | US        |     15103 | NS      | $645049.13    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| FLOWSERVE CORPORATION                             | Flowserve Corp                                        | CUSIP: 34354P105<br>LEI: 6Y0GK87T6V7NJKZJVM41 | Long             | EC               | CORP              | US        |     10296 | NS      | $576987.84    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| FORTIVE CORP                                      | Fortive Corp                                          | CUSIP: 34959J108<br>LEI: 549300MU9YQJYHDQEF63 | Long             | EC               | CORP              | US        |      5742 | NS      | $275214.06    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| FREEPORT-MCMORAN INC                              | Freeport-McMoRan Inc                                  | CUSIP: 35671D857<br>LEI: 549300IRDTHJQ1PVET45 | Long             | EC               | CORP              | US        |      7264 | NS      | $292303.36    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITED AIRLINES HOLDINGS INC                      | United Airlines Holdings Inc                          | CUSIP: 910047109<br>LEI: 98450079DA0B78DD6764 | Long             | EC               | CORP              | US        |      3140 | NS      | $277293.40    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITED OVERSEAS BK LTD                            | United Overseas Bank Ltd                              | CUSIP: 000000000<br>LEI: IO66REGK3RCBAMA8HR66 | Long             | EC               | CORP              | SG        |      5500 | NS      | $152805.05    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| US FOODS HOLDING CORP                             | US Foods Holding Corp                                 | CUSIP: 912008109<br>LEI: 549300UGOZSO64CFPR97 | Long             | EC               | CORP              | US        |     15323 | NS      | $1276865.59   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITEDHEALTH GROUP INC                            | UnitedHealth Group Inc                                | CUSIP: 91324P102<br>LEI: 549300GHBMY8T5GXDE41 | Long             | EC               | CORP              | US        |      2249 | NS      | $561260.44    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| UNIVERSAL HEALTH SERVICES INC                     | Universal Health Services Inc                         | CUSIP: 913903100<br>LEI: 549300YGMGQDO0NMJD09 | Long             | EC               | CORP              | US        |      2003 | NS      | $333399.35    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| UPWORK INC                                        | Upwork Inc                                            | CUSIP: 91688F104<br>LEI: 5493004QJ6WWBXVE2S70 | Long             | EC               | CORP              | US        |     51924 | NS      | $621011.04    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| VALE SA                                           | Vale SA                                               | CUSIP: 91912E105<br>LEI: 254900SMTWBX7RU2SR20 | Long             | EC               | CORP              | BR        |     27966 | NS      | $266515.98    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| VERONA PHARMA PLC                                 | Verona Pharma PLC                                     | CUSIP: 925050106<br>LEI: 213800EVI6O6J3TIAL06 | Long             | EC               | CORP              | GB        |     92001 | NS      | $9668385.09   | 3.36%             |  |  |  | No            |                  1 | On Loan: No      |
| VICI PROPERTIES INC                               | VICI Properties Inc                                   | CUSIP: 925652109<br>LEI: 254900RKH6RY9KCJQH63 | Long             | EC               | CORP              | US        |     19548 | NS      | $637264.80    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| VISA INC                                          | Visa Inc                                              | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |       901 | NS      | $311268.47    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| VISTRA CORP                                       | Vistra Corp                                           | CUSIP: 92840M102<br>LEI: 549300KP43CPCUJOOG15 | Long             | EC               | CORP              | US        |      2981 | NS      | $621657.74    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| VOYA FINANCIAL INC                                | Voya Financial Inc                                    | CUSIP: 929089100<br>LEI: 549300T065Z4KJ686G75 | Long             | EC               | CORP              | US        |      1834 | NS      | $128380.00    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP          | Westinghouse Air Brake Technologies Corp              | CUSIP: 929740108<br>LEI: 06BTX5UWZD0GQ5N5Y745 | Long             | EC               | CORP              | US        |      1512 | NS      | $290379.60    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| WALMART INC                                       | Walmart Inc                                           | CUSIP: 931142103<br>LEI: Y87794H0US1R65VBXU25 | Long             | EC               | CORP              | US        |      5695 | NS      | $557996.10    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| WAYSTAR HOLDING CORP                              | Waystar Holding Corp                                  | CUSIP: 946784105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     75693 | NS      | $2799127.14   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| WELLS FARGO & COMPANY                             | Wells Fargo & Co                                      | CUSIP: 949746101<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | EC               | CORP              | US        |     22620 | NS      | $1823850.60   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| WEX INC                                           | WEX Inc                                               | CUSIP: 96208T104<br>LEI: T9M5IGROL1TL1G5OV478 | Long             | EC               | CORP              | US        |      2700 | NS      | $458136.00    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| WEYERHAEUSER COMPANY                              | Weyerhaeuser Co                                       | CUSIP: 962166104<br>LEI: 08IRJODWFYBI7QWRGS31 | Long             | EC               | CORP              | US        |     10526 | NS      | $263676.30    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| WHEATON PRECIOUS METALS CORP                      | Wheaton Precious Metals Corp                          | CUSIP: 962879102<br>LEI: 549300XSFG5ZCGVYD886 | Long             | EC               | CORP              | CA        |      3043 | NS      | $278464.93    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                    | TRSWAP: INSM US EQUITY 07/24/2025                     | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | GB        |  -2254808 | OU      | $96662.79     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley                                    | TRSWAP: AXON US EQUITY 07/24/2025                     | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | GB        |  -1608096 | OU      | $20740.72     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley                                    | TRSWAP: ATRL CA EQUITY 07/27/2025                     | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | GB        |  -1918838 | OU      | $-11756.12    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CENTENE CORP                                      | Centene Corp                                          | CUSIP: 15135B101<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | EC               | CORP              | US        |      1573 | NS      | $41008.11     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| CENTERPOINT ENERGY INC                            | CenterPoint Energy Inc                                | CUSIP: 15189T107<br>LEI: 21TPXMRRHFKOBHDC8J74 | Long             | EC               | CORP              | US        |     18285 | NS      | $709823.70    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| CHART INDUSTRIES                                  | Chart Industries Inc                                  | CUSIP: 16115Q308<br>LEI: EM7QGKC1GYOF3LSZSL80 | Long             | EC               | CORP              | US        |      1656 | NS      | $329262.48    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| CHURCHILL DOWNS INC                               | Churchill Downs Inc                                   | CUSIP: 171484108<br>LEI: 529900FODTBQC8MIS994 | Long             | EC               | CORP              | US        |      2614 | NS      | $279802.56    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| LOWES COMPANIES INC                               | Lowe's Cos Inc                                        | CUSIP: 548661107<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | EC               | CORP              | US        |       658 | NS      | $147109.06    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| M&T BK CORP                                       | M&T Bank Corp                                         | CUSIP: 55261F104<br>LEI: 549300WYXDDBYRASEG81 | Long             | EC               | CORP              | US        |      2459 | NS      | $464013.30    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| MKS INSTRUMENTS INC                               | MKS Inc                                               | CUSIP: 55306N104<br>LEI: 549300KEQATBHAGVF505 | Long             | EC               | CORP              | US        |     29420 | NS      | $2800195.60   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| MNTN Inc                                          | MNTN Inc                                              | CUSIP: 55318A108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     74780 | NS      | $2105804.80   | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| MAPLEBEAR INC                                     | Maplebear Inc                                         | CUSIP: 565394103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      7077 | NS      | $339483.69    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| MARATHON PETROLEUM CORP                           | Marathon Petroleum Corp                               | CUSIP: 56585A102<br>LEI: 3BNYRYQHD39K4LCKQF12 | Long             | EC               | CORP              | US        |      3603 | NS      | $613194.57    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| MARKEL GROUP INC                                  | Markel Group Inc                                      | CUSIP: 570535104<br>LEI: 549300SCNO12JLWIK605 | Long             | EC               | CORP              | US        |       344 | NS      | $690851.76    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| MASCO CORP                                        | Masco Corp                                            | CUSIP: 574599106<br>LEI: 5GCSNMQXHEYA1JO8QN11 | Long             | EC               | CORP              | US        |      8274 | NS      | $563707.62    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| MASTERBRAND INC                                   | Masterbrand Inc                                       | CUSIP: 57638P104<br>LEI: 549300E0Y4BR5Z9RDZ64 | Long             | EC               | CORP              | US        |     46337 | NS      | $511097.11    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                    | TRSWAP: INSM US EQUITY 07/24/2026                     | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | GB        |  -1529574 | OU      | $65572.29     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley                                    | TRSWAP: ATRL CA EQUITY 07/27/2026                     | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | GB        |    -74015 | OU      | $-453.46      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley                                    | TRSWAP: CVLT US EQUITY                                | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | GB        |    -19341 | OU      | $2693.52      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley                                    | TRSWAP: INSM US EQUITY 07/24/2026                     | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | GB        |   -466927 | OU      | $20016.99     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley                                    | TRSWAP: CVLT US EQUITY 07/24/2026                     | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | GB        |  -2450931 | OU      | $341334.00    | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley                                    | TRSWAP: AXON US EQUITY 07/24/2026                     | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | GB        |  -1300797 | OU      | $16777.28     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley                                    | TRSWAP: AXON US EQUITY 07/24/2026                     | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | GB        |   -102930 | OU      | $1327.56      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley                                    | TRSWAP: ATRL CA EQUITY 07/27/2026                     | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | GB        |  -2197284 | OU      | $-13462.07    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| MATSON INC                                        | Matson Inc                                            | CUSIP: 57686G105<br>LEI: 549300OI5H3Y0I9I4I12 | Long             | EC               | CORP              | US        |      2673 | NS      | $285422.94    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| MCKESSON CORP                                     | McKesson Corp                                         | CUSIP: 58155Q103<br>LEI: 549300WZWOM80UCFSF54 | Long             | EC               | CORP              | US        |       625 | NS      | $433462.50    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| MERCK & CO INC                                    | Merck & Co Inc                                        | CUSIP: 58933Y105<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | EC               | CORP              | US        |       545 | NS      | $42575.40     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| METHANEX CORP                                     | Methanex Corp                                         | CUSIP: 59151K108<br>LEI: 549300TSJHRXT9QXRD13 | Long             | EC               | CORP              | CA        |     19179 | NS      | $641345.76    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| MICROSOFT CORP                                    | Microsoft Corp                                        | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |      8083 | NS      | $4312280.50   | 1.50%             |  |  |  | No            |                  1 | On Loan: No      |
| MICROCHIP TECH INC                                | Microchip Technology Inc                              | CUSIP: 595017104<br>LEI: 5493007PTFULNYZJ1R12 | Long             | EC               | CORP              | US        |      7591 | NS      | $513075.69    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                    | TRSWAP: ARGX US EQUITY 07/24/2026                     | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | GB        |  -1301502 | OU      | $267740.17    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley                                    | TRSWAP: EQT US EQUITY 07/24/2026                      | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | GB        |   -479082 | OU      | $-36934.74    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley                                    | TRSWAP: BBIO US EQUITY 07/24/2026                     | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | GB        |    -80498 | OU      | $522.77       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley                                    | TRSWAP: BBIO US EQUITY 07/24/2026                     | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | GB        |   -109851 | OU      | $713.39       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley                                    | TRSWAP: BBIO US EQUITY 07/24/2026                     | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | GB        |   -186592 | OU      | $1211.76      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley                                    | TRSWAP: BBIO US EQUITY 07/24/2026                     | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | GB        |   -115440 | OU      | $749.69       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley                                    | TRSWAP: SEI US EQUITY 07/24/2026                      | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |    -70505 | OU      | $5289.60      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley                                    | TRSWAP: MNTN US EQUITY 07/24/2026                     | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |    -33414 | OU      | $6883.11      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley                                    | TRSWAP: MNTN US EQUITY 07/24/2026                     | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | GB        |    -30168 | OU      | $6214.52      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley                                    | TRSWAP: ESTA US EQUITY 07/24/2026                     | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | GB        |   -405155 | OU      | $-22483.26    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley                                    | TRSWAP: ESTA US EQUITY 07/24/26                       | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |   -187674 | OU      | $-10414.62    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley                                    | TRSWAP: TSM US EQUITY 07/24/26                        | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |  -2535365 | OU      | $49969.00     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley                                    | TRSWAP: MSFT US EQUITY 07/24/26                       | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | GB        |   -214468 | OU      | $11736.32     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley                                    | TRSWAP: WGS US EQUITY                                 | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |   -119104 | OU      | $29539.08     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley                                    | TRSWAP: MNTN US EQUITY                                | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |   -110095 | OU      | $22679.15     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley                                    | TRSWAP: SIMO US EQUITY                                | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |   -169456 | OU      | $12785.97     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley                                    | TRSWAP: TSEM US EQUITY                                | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |   -142556 | OU      | $1099.00      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley                                    | TRSWAP: TSM US EQUITY                                 | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |   -144303 | OU      | $2844.03      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley                                    | TRSWAP: AEIS US EQUITY                                | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |    -78733 | OU      | $-104.71      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley                                    | TRSWAP: CRUS US EQUITY                                | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |    -39120 | OU      | $-547.69      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley                                    | TRSWAP: NVDA US EQUITY                                | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |   -258781 | OU      | $10869.72     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley                                    | TRSWAP: ESTA US EQUITY                                | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |    -75692 | OU      | $-4200.36     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley                                    | TRSWAP: SPOT US EQUITY                                | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |   -187561 | OU      | $-22154.88    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley                                    | TRSWAP: SNOW US EQUITY                                | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |   -123631 | OU      | $6222.51      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley                                    | TRSWAP: ALKT US EQUITY                                | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |    -53237 | OU      | $-10841.40    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley                                    | TRSWAP: AKRO US EQUITY                                | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |   -135818 | OU      | $-7635.84     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley                                    | TRSWAP: SNOW US EQUITY 07/24/2026                     | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | GB        |  -2592846 | OU      | $130501.35    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley                                    | TRSWAP: RBRK US EQUITY 07/24/2026                     | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | GB        |  -1338311 | OU      | $116608.03    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley                                    | TRSWAP: ALGM US EQUITY 07/24/2026                     | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |   -909259 | OU      | $-50384.05    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley                                    | TRSWAP: POWL US EQUITY 07/24/26                       | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |   -336007 | OU      | $-13551.45    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley                                    | TRSWAP: CVLT US EQUITY                                | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |   -286633 | OU      | $6080.17      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley                                    | Alkami Technology Inc                                 | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |       301 | NC      | $88042.50     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                    | Trade Desk Inc/The                                    | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |        68 | NC      | $18802.00     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                    | Trade Desk Inc/The                                    | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |       137 | NC      | $59595.00     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| EQT AB                                            | EQT AB                                                | CUSIP: 000000000<br>LEI: 213800U7P9GOIRKCTB34 | Short            | EC               | CORP              | SE        |    -18313 | NS      | $-612095.64   | -0.21%            |  |  |  | No            |                  2 | On Loan: No      |
| DR ING HC F PORSCHE AG                            | Dr Ing hc F Porsche AG                                | CUSIP: 000000000<br>LEI: 529900EWEX125AULXI58 | Short            | EC               | CORP              | DE        |     -4785 | NS      | $-242630.66   | -0.08%            |  |  |  | No            |                  2 | On Loan: No      |
| OXFORD NANOPORE TECHNOLOGIES PLC                  | Oxford Nanopore Technologies PLC                      | CUSIP: 000000000<br>LEI: N/A                  | Short            | EC               | CORP              | GB        |    -48846 | NS      | $-130931.49   | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| NOMURA REAL ESTATE MASTER FUND INC                | Nomura Real Estate Master Fund Inc                    | CUSIP: 000000000<br>LEI: 353800TNNZOQ1CPZE086 | Short            | EC               | CORP              | JP        |      -355 | NS      | $-373881.30   | -0.13%            |  |  |  | No            |                  2 | On Loan: No      |
| VAT GROUP AG                                      | VAT Group AG                                          | CUSIP: 000000000<br>LEI: 529900MVFK7NVALR7Y83 | Short            | EC               | CORP              | CH        |     -1528 | NS      | $-535088.49   | -0.19%            |  |  |  | No            |                  2 | On Loan: No      |
| GANFENG LITHIUM GROUP CO LTD                      | Ganfeng Lithium Group Co Ltd                          | CUSIP: 000000000<br>LEI: 3003006BE6UOHWEOOR42 | Short            | EC               | CORP              | CN        |    -35000 | NS      | $-116177.63   | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| BECLE SAB DE CV                                   | Becle SAB de CV                                       | CUSIP: 000000000<br>LEI: 529900JY55CZKMJLCE09 | Short            | EC               | CORP              | MX        |   -186500 | NS      | $-233705.80   | -0.08%            |  |  |  | No            |                  1 | On Loan: No      |
| AMCOR PLC                                         | Amcor PLC                                             | CUSIP: G0250X107<br>LEI: 549300GSODGFCDQ3DI89 | Short            | EC               | CORP              | JE        |    -30498 | NS      | $-285156.30   | -0.10%            |  |  |  | No            |                  1 | On Loan: No      |
| AMDOCS LTD                                        | Amdocs Ltd                                            | CUSIP: G02602103<br>LEI: 549300HQV672RJ7RQV66 | Short            | EC               | CORP              | GG        |     -3590 | NS      | $-306442.40   | -0.11%            |  |  |  | No            |                  1 | On Loan: No      |
| AXALTA COATING SYSTEMS LTD                        | Axalta Coating Systems Ltd                            | CUSIP: G0750C108<br>LEI: 529900AGLPA40GV6H619 | Short            | EC               | CORP              | BM        |     -6660 | NS      | $-188611.20   | -0.07%            |  |  |  | No            |                  1 | On Loan: No      |
| LIBERTY GLOBAL LTD                                | Liberty Global Ltd                                    | CUSIP: G61188127<br>LEI: 213800HRMKKTYH7SKA24 | Short            | EC               | CORP              | BM        |    -34371 | NS      | $-351615.33   | -0.12%            |  |  |  | No            |                  1 | On Loan: No      |
| NVENT ELECTRIC PLC                                | nVent Electric PLC                                    | CUSIP: G6700G107<br>LEI: N/A                  | Short            | EC               | CORP              | IE        |     -2028 | NS      | $-159035.76   | -0.06%            |  |  |  | No            |                  1 | On Loan: No      |
| ON HOLDING AG                                     | On Holding AG                                         | CUSIP: H5919C104<br>LEI: N/A                  | Short            | EC               | CORP              | CH        |     -3243 | NS      | $-157512.51   | -0.05%            |  |  |  | No            |                  1 | On Loan: No      |
| BIRKENSTOCK HOLDING PLC                           | Birkenstock Holding Plc                               | CUSIP: M2029K104<br>LEI: 529900CQ8LQKQ7LIT631 | Short            | EC               | CORP              | JE        |     -3005 | NS      | $-150520.45   | -0.05%            |  |  |  | No            |                  1 | On Loan: No      |
| KORNIT DIGITAL LTD                                | Kornit Digital Ltd                                    | CUSIP: M6372Q113<br>LEI: 5299006DPCQWP3VTFK34 | Short            | EC               | CORP              | IL        |    -12051 | NS      | $-241261.02   | -0.08%            |  |  |  | No            |                  1 | On Loan: No      |
| ROYAL CARIBBEAN CRUISES LTD                       | Royal Caribbean Cruises Ltd                           | CUSIP: V7780T103<br>LEI: K2NEH8QNVW44JIWK7Z55 | Short            | EC               | CORP              | LR        |     -2050 | NS      | $-651633.50   | -0.23%            |  |  |  | No            |                  1 | On Loan: No      |
| FLEX LTD                                          | Flex Ltd                                              | CUSIP: Y2573F102<br>LEI: 549300EAQH74YHD07T53 | Long             | EC               | CORP              | SG        |     24310 | NS      | $1212339.70   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                    | Home Depot Inc/The                                    | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |        96 | NC      | $36000.00     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                    | Commvault Systems Inc                                 | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |       137 | NC      | $3767.50      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                    | TRSWAP: EQT US EQUITY 07/24/2026                      | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | GB        |   -287181 | OU      | $-22140.19    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley                                    | TRSWAP: RBRK US EQUITY 07/24/2026                     | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | GB        |   -602471 | OU      | $52493.78     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| ISHARES S&P 500                                   | iShares Core S&P 500 ETF                              | CUSIP: 464287200<br>LEI: 5493007M4YMN8XL48C14 | Long             | EC               | RF                | US        |     52780 | NS      | $33510022.00  | 11.65%            |  |  |  | No            |                  1 | On Loan: No      |
| ISHARES CORE MSCI INTERNATIONAL DEVELOPED MKT ETF | iShares Core MSCI International Developed Markets ETF | CUSIP: 46435G326<br>LEI: 549300LRJOM3FVVFKB50 | Long             | EC               | RF                | US        |    163520 | NS      | $12239472.00  | 4.25%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMORGAN CHASE & CO                               | JPMorgan Chase & Co                                   | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |      6858 | NS      | $2031613.92   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| JABIL INC                                         | Jabil Inc                                             | CUSIP: 466313103<br>LEI: 5493000CGCQY2OQU7669 | Long             | EC               | CORP              | US        |      2408 | NS      | $537393.36    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| JACOBS SOLUTIONS INC                              | Jacobs Solutions Inc                                  | CUSIP: 46982L108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      8613 | NS      | $1221926.31   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| JOHNSON & JOHNSON                                 | Johnson & Johnson                                     | CUSIP: 478160104<br>LEI: 549300G0CFPGEF6X2043 | Long             | EC               | CORP              | US        |      5408 | NS      | $890913.92    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| JONES LANG LASALLE INC                            | Jones Lang LaSalle Inc                                | CUSIP: 48020Q107<br>LEI: 6SYKCME112RT8TQUO411 | Long             | EC               | CORP              | US        |      1896 | NS      | $512602.56    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| KBR INC                                           | KBR Inc                                               | CUSIP: 48242W106<br>LEI: 254900OFQDXZRKRCV808 | Long             | EC               | CORP              | US        |     12878 | NS      | $601917.72    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| KENVUE INC                                        | Kenvue Inc                                            | CUSIP: 49177J102<br>LEI: 5493008HSF8L4M2LIJ82 | Long             | EC               | CORP              | US        |     14442 | NS      | $309636.48    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| KERRY GRP PLC                                     | Kerry Group PLC                                       | CUSIP: 000000000<br>LEI: 635400TLVVBNXLFHWC59 | Long             | EC               | CORP              | IE        |      2035 | NS      | $187973.11    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| KEYSIGHT TECHNOLOGIES INC                         | Keysight Technologies Inc                             | CUSIP: 49338L103<br>LEI: 549300GLKVIO8YRCYN02 | Long             | EC               | CORP              | US        |      3331 | NS      | $545984.21    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| KIMCO REALTY CORP                                 | Kimco Realty Corp                                     | CUSIP: 49446R109<br>LEI: 254900ARY41P4V1JL861 | Long             | EC               | CORP              | US        |     21061 | NS      | $447125.03    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Kinross Gold Corp                                 | Kinross Gold Corp                                     | CUSIP: 496902404<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |     38739 | NS      | $619824.00    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| LPL FINANCIAL HOLDINGS INC                        | LPL Financial Holdings Inc                            | CUSIP: 50212V100<br>LEI: 549300XROQ4Y8G2L7682 | Long             | EC               | CORP              | US        |      2782 | NS      | $1100920.86   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| L3HARRIS TECHNOLOGIES INC                         | L3Harris Technologies Inc                             | CUSIP: 502431109<br>LEI: 549300UTE50ZMDBG8A20 | Long             | EC               | CORP              | US        |      3756 | NS      | $1032223.92   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| LAM Research                                      | Lam Research Corp                                     | CUSIP: 512807306<br>LEI: 549300I4GMO6D34U1T02 | Long             | EC               | CORP              | US        |      5895 | NS      | $559081.80    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| LAMAR ADVERTISING CO                              | Lamar Advertising Co                                  | CUSIP: 512816109<br>LEI: 529900Y8WW4MKVPTB543 | Long             | EC               | CORP              | US        |      2264 | NS      | $276774.00    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| LAMB WESTON HOLDINGS INC                          | Lamb Weston Holdings Inc                              | CUSIP: 513272104<br>LEI: 5493005SMYID1D2OY946 | Long             | EC               | CORP              | US        |      3714 | NS      | $211957.98    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| LANCASHIRE HOLDINGS LTD                           | Lancashire Holdings Ltd                               | CUSIP: 000000000<br>LEI: 5493002UNUYXLHOWF752 | Long             | EC               | CORP              | BM        |     31037 | NS      | $256591.23    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| LEIDOS HOLDINGS INC                               | Leidos Holdings Inc                                   | CUSIP: 525327102<br>LEI: 549300IUTGTP6EJP8124 | Long             | EC               | CORP              | US        |      2199 | NS      | $351070.35    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| LENNAR CORP                                       | Lennar Corp                                           | CUSIP: 526057104<br>LEI: 529900G61XVRLX5TJX09 | Long             | EC               | CORP              | US        |      4845 | NS      | $543512.10    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| LIBERTY BROADBAND CORP                            | Liberty Broadband Corp                                | CUSIP: 530307305<br>LEI: 549300MIX43II8JLN536 | Long             | EC               | CORP              | US        |      3586 | NS      | $219893.52    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| LOUISIANA PACIFIC CORP                            | Louisiana-Pacific Corp                                | CUSIP: 546347105<br>LEI: 549300C7E2UAO5BVRR75 | Long             | EC               | CORP              | US        |       817 | NS      | $73864.97     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                    | TRSWAP: BBIO US EQUITY 07/24/2026                     | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | GB        |   -295833 | OU      | $1921.19      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley                                    | TRSWAP: BBIO US EQUITY 07/24/2026                     | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | GB        |    -54761 | OU      | $355.63       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley                                    | TRSWAP: BBIO US EQUITY 07/24/2026                     | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | GB        |   -114970 | OU      | $746.64       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley                                    | TRSWAP: LENZ US EQUITY 07/24/2026                     | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | GB        |    -44082 | OU      | $-4011.08     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley                                    | TRSWAP: SIMO US EQUITY 07/24/26                       | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | GB        |   -376987 | OU      | $28444.89     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley                                    | TRSWAP: CRDO US EQUITY 07/24/2026                     | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |  -1371321 | OU      | $119768.32    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley                                    | TRSWAP: WGS US EQUITY 07/24/2026                      | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |   -656216 | OU      | $162748.58    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley                                    | TRSWAP: ESTA US EQUITY 07/24/26                       | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |   -463123 | OU      | $-25700.09    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley                                    | TRSWAP: LENZ US EQUITY 07/24/2026                     | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |   -125367 | OU      | $-11407.44    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley                                    | TRSWAP: LENZ US EQUITY 07/24/2026                     | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |   -708022 | OU      | $-64424.62    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley                                    | TRSWAP: TSM US EQUITY                                 | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |   -248798 | OU      | $4903.50      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley                                    | TRSWAP: LENZ US EQUITY                                | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |    -67465 | OU      | $-6138.80     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley                                    | TRSWAP: INSM US EQUITY 07/24/2026                     | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | GB        |   -208723 | OU      | $8947.89      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley                                    | TRSWAP: VRNA US EQUITY 07/24/2026                     | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | GB        |   -846018 | OU      | $2584.00      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley                                    | TRSWAP: NVDA US EQUITY 07/24/2026                     | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | GB        |  -3431070 | OU      | $144117.00    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley                                    | TRSWAP: LENZ US EQUITY 07/24/2026                     | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | GB        |   -660338 | OU      | $-60085.74    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley                                    | TRSWAP: ALKT US EQUITY 07/24/2026                     | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | GB        |   -187533 | OU      | $-38190.00    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley                                    | iShares Russell 2000 ETF                              | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |       137 | NC      | $73774.50     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                    | Trade Desk Inc/The                                    | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |       137 | NC      | $43497.50     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                    | iShares Russell 2000 ETF                              | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |       137 | NC      | $47607.50     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                    | Home Depot Inc/The                                    | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |       -96 | NC      | $-5184.00     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                    | PulteGroup Inc                                        | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |      -137 | NC      | $-1712.50     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                    | Tower Semiconductor Ltd                               | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | IL        |       137 | NC      | $30825.00     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| ALLEGION PLC                                      | Allegion plc                                          | CUSIP: G0176J109<br>LEI: 984500560CAC2E6FB757 | Long             | EC               | CORP              | IE        |      3743 | NS      | $621038.56    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| AON PLC                                           | Aon PLC                                               | CUSIP: G0403H108<br>LEI: 635400FALWQYX5E6QC64 | Long             | EC               | CORP              | IE        |      2386 | NS      | $848724.06    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| CREDO TECHNOLOGY GROUP HOLDING LTD                | Credo Technology Group Holding Ltd                    | CUSIP: G25457105<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |      1346 | NS      | $150146.30    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| CRH PLC                                           | CRH PLC                                               | CUSIP: G25508105<br>LEI: 549300MIDJNNTH068E74 | Long             | EC               | CORP              | IE        |     10718 | NS      | $1023033.10   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| COCA-COLA EUROPACIFIC PARTNERS PLC                | Coca-Cola Europacific Partners PLC                    | CUSIP: G25839104<br>LEI: 549300LTH67W4GWMRF57 | Long             | EC               | CORP              | GB        |      4075 | NS      | $394949.00    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| ESTABLISHMENT LABS HOLDINGS INC                   | Establishment Labs Holdings Inc                       | CUSIP: G31249108<br>LEI: 549300BCBQ714JNJ7V58 | Long             | EC               | CORP              | VG        |     17480 | NS      | $733373.40    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| EVEREST GROUP LTD                                 | Everest Group Ltd                                     | CUSIP: G3223R108<br>LEI: 549300N24XF2VV0B3570 | Long             | EC               | CORP              | BM        |      1597 | NS      | $536272.60    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Aptiv PLC                                         | Aptiv PLC                                             | CUSIP: G3265R107<br>LEI: N/A                  | Long             | EC               | CORP              | JE        |      7672 | NS      | $526606.08    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| ICON PLC                                          | ICON PLC                                              | CUSIP: G4705A100<br>LEI: 6354008SRQGEMC4XFI67 | Long             | EC               | CORP              | IE        |      1674 | NS      | $283224.06    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| MEDTRONIC PLC                                     | Medtronic PLC                                         | CUSIP: G5960L103<br>LEI: 549300GX3ZBSQWUXY261 | Long             | EC               | CORP              | IE        |      5822 | NS      | $525377.28    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| NOMAD FOODS LTD                                   | Nomad Foods Ltd                                       | CUSIP: G6564A105<br>LEI: 5493000ZZ1837DS2SI43 | Long             | EC               | CORP              | VG        |     18407 | NS      | $309973.88    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| RENAISSANCERE HOLDINGS LTD                        | RenaissanceRe Holdings Ltd                            | CUSIP: G7496G103<br>LEI: EK6GB9U3U58PDI411C94 | Long             | EC               | CORP              | BM        |      2160 | NS      | $526478.40    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| SEAGATE TECHNOLOGY UNLIMITED CO                   | Seagate Technology Holdings PLC                       | CUSIP: G7997R103<br>LEI: 396PBGKP6TE3O062MS44 | Long             | EC               | CORP              | IE        |      2845 | NS      | $446693.45    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| SMURFIT WESTROCK PLC                              | Smurfit WestRock PLC                                  | CUSIP: G8267P108<br>LEI: 635400EGSEOPDW2EXS14 | Long             | EC               | CORP              | IE        |      3262 | NS      | $144767.56    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| AMBU A/S                                          | Ambu A/S                                              | CUSIP: 000000000<br>LEI: 5299008W2A69WX355710 | Short            | EC               | CORP              | DK        |     -5307 | NS      | $-77471.07    | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| UNIBAIL-RODAMCO-WESTFIELD NV                      | Unibail-Rodamco-Westfield                             | CUSIP: 000000000<br>LEI: 7245002R31EKBDW59H93 | Short            | EC               | CORP              | NL        |     -5048 | NS      | $-489349.90   | -0.17%            |  |  |  | No            |                  2 | On Loan: No      |
| MONCLER SPA                                       | Moncler SpA                                           | CUSIP: 000000000<br>LEI: 815600EBD7FB00525B20 | Short            | EC               | CORP              | IT        |     -2311 | NS      | $-123251.70   | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| INTRCONT HOTELS                                   | InterContinental Hotels Group PLC                     | CUSIP: 000000000<br>LEI: 2138007ZFQYRUSLU3J98 | Short            | EC               | CORP              | GB        |     -1150 | NS      | $-132296.23   | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley                                    | Commvault Systems Inc                                 | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |        21 | NC      | $1522.50      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                    | Solaris Energy Infrastructure Inc                     | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |      -205 | NC      | $-15887.50    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                    | NRG Energy Inc                                        | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |        48 | NC      | $91200.00     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                    | TRSWAP: BBIO US EQUITY                                | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |   -645393 | OU      | $4191.31      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley                                    | TRSWAP: NVDA US EQUITY 07/24/2026                     | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |   -283145 | OU      | $9629.43      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley                                    | TRSWAP: ALAB US EQUITY 07/24/2026                     | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |   -843029 | OU      | $117225.81    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley                                    | TRSWAP: POWL US EQUITY                                | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |   -562042 | OU      | $12214.63     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley                                    | TRSWAP: POWL US EQUITY 07/24/26                       | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |   -571020 | OU      | $-8856.40     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley                                    | TRSWAP: GNRC US EQUITY                                | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |   -718751 | OU      | $78504.43     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| AIB GROUP PLC                                     | AIB Group PLC                                         | CUSIP: 000000000<br>LEI: 635400AKJBGNS5WNQL34 | Long             | EC               | CORP              | IE        |     27925 | NS      | $220290.71    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| SANDOZ GROUP AG                                   | Sandoz Group AG                                       | CUSIP: 000000000<br>LEI: 5493000JWK6XWFEUD320 | Long             | EC               | CORP              | CH        |      2994 | NS      | $171223.66    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| NATWEST GROUP PLC                                 | NatWest Group PLC                                     | CUSIP: 000000000<br>LEI: 2138005O9XJIJN4JPN90 | Long             | EC               | CORP              | GB        |     60508 | NS      | $420021.32    | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| SAIPEM SPA                                        | Saipem SpA                                            | CUSIP: 000000000<br>LEI: 549300PHV8MBDHWB8X12 | Long             | EC               | CORP              | IT        |    118571 | NS      | $316944.03    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| ENDEAVOUR MINING PLC                              | Endeavour Mining PLC                                  | CUSIP: 000000000<br>LEI: 529900NI5MXQ91GHXR07 | Long             | EC               | CORP              | GB        |     26032 | NS      | $781561.20    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| CONSTELLATION SOFTWARE INC                        | Constellation Software Inc/Canada                     | CUSIP: 000000000<br>LEI: 549300B6PYHMCTDWQV29 | N/A              | DE               | CORP              | CA        |       100 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| FLUTTER ENTERTAINMENT PLC                         | Flutter Entertainment PLC                             | CUSIP: 000000000<br>LEI: 635400EG4YIJLJMZJ782 | Long             | EC               | CORP              | IE        |      3899 | NS      | $1180867.94   | 0.41%             |  |  |  | No            |                  2 | On Loan: No      |
| BROWN-FORMAN CORPORATION                          | Brown-Forman Corp                                     | CUSIP: 115637209<br>LEI: 549300873K3LXF7ARU34 | Short            | EC               | CORP              | US        |    -12852 | NS      | $-370780.20   | -0.13%            |  |  |  | No            |                  1 | On Loan: No      |
| CVB FINL CORP.                                    | CVB Financial Corp                                    | CUSIP: 126600105<br>LEI: N/A                  | Short            | EC               | CORP              | US        |    -12599 | NS      | $-235475.31   | -0.08%            |  |  |  | No            |                  1 | On Loan: No      |
| CARIS LIFE SCIENCES INC                           | Caris Life Sciences Inc                               | CUSIP: 142152107<br>LEI: 549300LX5LO78M5VPY43 | Short            | EC               | CORP              | US        |     -5061 | NS      | $-142112.88   | -0.05%            |  |  |  | No            |                  1 | On Loan: No      |
| CARL ZEISS MEDITEC AG                             | Carl Zeiss Meditec AG                                 | CUSIP: 000000000<br>LEI: 529900GRL4MZ8NMOOK95 | Short            | EC               | CORP              | DE        |     -2412 | NS      | $-133002.25   | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| CARMAX INC.                                       | CarMax Inc                                            | CUSIP: 143130102<br>LEI: 529900F60CID3NCZM330 | Short            | EC               | CORP              | US        |     -3709 | NS      | $-209966.49   | -0.07%            |  |  |  | No            |                  1 | On Loan: No      |
| CARVANA CO                                        | Carvana Co                                            | CUSIP: 146869102<br>LEI: 5493003WEAK2PJ5WS063 | Short            | EC               | CORP              | US        |      -522 | NS      | $-203668.74   | -0.07%            |  |  |  | No            |                  1 | On Loan: No      |
| DAYFORCE INC                                      | Dayforce Inc                                          | CUSIP: 15677J108<br>LEI: 549300T64GVCHFJ8L449 | Short            | EC               | CORP              | US        |     -2646 | NS      | $-152594.82   | -0.05%            |  |  |  | No            |                  1 | On Loan: No      |
| CHOICE HOTELS INTL INC                            | Choice Hotels International Inc                       | CUSIP: 169905106<br>LEI: 5493003CYRY5RFGTIR97 | Short            | EC               | CORP              | US        |     -3558 | NS      | $-454392.18   | -0.16%            |  |  |  | No            |                  1 | On Loan: No      |
| CHURCH & DWIGHT CO INC                            | Church & Dwight Co Inc                                | CUSIP: 171340102<br>LEI: POOXSI30AWAQGYJZC921 | Short            | EC               | CORP              | US        |     -2333 | NS      | $-218765.41   | -0.08%            |  |  |  | No            |                  1 | On Loan: No      |
| CIENA CORP                                        | Ciena Corp                                            | CUSIP: 171779309<br>LEI: W0CZ7N0GH8UIGXDM1H41 | Short            | EC               | CORP              | US        |     -6860 | NS      | $-636882.40   | -0.22%            |  |  |  | No            |                  1 | On Loan: No      |
| CINCINNATI FINL CORP                              | Cincinnati Financial Corp                             | CUSIP: 172062101<br>LEI: 254900Q4WEDMZBOZ0002 | Short            | EC               | CORP              | US        |     -1908 | NS      | $-281449.08   | -0.10%            |  |  |  | No            |                  1 | On Loan: No      |
| COGNEX CORP                                       | Cognex Corp                                           | CUSIP: 192422103<br>LEI: 549300JQTYZCLC43S226 | Short            | EC               | CORP              | US        |    -14854 | NS      | $-605597.58   | -0.21%            |  |  |  | No            |                  1 | On Loan: No      |
| COMMONWEALTH BANK OF AUSTRALIA                    | Commonwealth Bank of Australia                        | CUSIP: 000000000<br>LEI: MSFSBD3QN1GSN7Q6C537 | Short            | EC               | CORP              | AU        |     -5875 | NS      | $-666986.21   | -0.23%            |  |  |  | No            |                  2 | On Loan: No      |
| COPART INC.                                       | Copart Inc                                            | CUSIP: 217204106<br>LEI: 549300KVYX3JWMYEHU61 | Short            | EC               | CORP              | US        |    -19190 | NS      | $-869882.70   | -0.30%            |  |  |  | No            |                  1 | On Loan: No      |
| CORCEPT THERAPEUTICS INC                          | Corcept Therapeutics Inc                              | CUSIP: 218352102<br>LEI: 529900EO9LUTFMZ7FF90 | Short            | EC               | CORP              | US        |     -1780 | NS      | $-119562.60   | -0.04%            |  |  |  | No            |                  1 | On Loan: No      |
| Verbund                                           | Verbund AG                                            | CUSIP: 000000000<br>LEI: 5299006UDSEJCTTEJS30 | Short            | EC               | NUSS              | AT        |     -7367 | NS      | $-548543.67   | -0.19%            |  |  |  | No            |                  2 | On Loan: No      |
| Omada Health Inc                                  | Omada Health Inc                                      | CUSIP: 68170A108<br>LEI: N/A                  | Short            | EC               | CORP              | US        |     -6831 | NS      | $-119679.12   | -0.04%            |  |  |  | No            |                  1 | On Loan: No      |
| ONTO INNOVATION INC                               | Onto Innovation Inc                                   | CUSIP: 683344105<br>LEI: 254900RXZVN73CHOO062 | Short            | EC               | CORP              | US        |     -4427 | NS      | $-419458.25   | -0.15%            |  |  |  | No            |                  1 | On Loan: No      |
| OSCAR HEALTH INC                                  | Oscar Health Inc                                      | CUSIP: 687793109<br>LEI: N/A                  | Short            | EC               | CORP              | US        |    -61621 | NS      | $-865775.05   | -0.30%            |  |  |  | No            |                  1 | On Loan: No      |
| PBF ENERGY INC                                    | PBF Energy Inc                                        | CUSIP: 69318G106<br>LEI: 2549003PBEDCSZMZIY02 | Short            | EC               | CORP              | US        |     -3476 | NS      | $-78557.60    | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| POWER INTEGRATIONS INC                            | Power Integrations Inc                                | CUSIP: 739276103<br>LEI: 54930085LGXSCIHD5W31 | Short            | EC               | CORP              | US        |    -10681 | NS      | $-518242.12   | -0.18%            |  |  |  | No            |                  1 | On Loan: No      |
| T ROWE PRICE GROUP INC                            | T Rowe Price Group Inc                                | CUSIP: 74144T108<br>LEI: 549300SIV6FPS9Y7IH33 | Short            | EC               | CORP              | US        |     -4329 | NS      | $-439177.05   | -0.15%            |  |  |  | No            |                  1 | On Loan: No      |
| PROTO LABS INC                                    | Proto Labs Inc                                        | CUSIP: 743713109<br>LEI: 529900QHG5MGWT2WQQ09 | Short            | EC               | CORP              | US        |    -12744 | NS      | $-549521.28   | -0.19%            |  |  |  | No            |                  1 | On Loan: No      |
| QUANTUMSCAPE CORP                                 | QuantumScape Corp                                     | CUSIP: 74767V109<br>LEI: N/A                  | Short            | EC               | CORP              | US        |    -35673 | NS      | $-306787.80   | -0.11%            |  |  |  | No            |                  1 | On Loan: No      |
| RLI CORP                                          | RLI Corp                                              | CUSIP: 749607107<br>LEI: 529900AMTJE5ECN9PS55 | Short            | EC               | CORP              | US        |     -3539 | NS      | $-233538.61   | -0.08%            |  |  |  | No            |                  1 | On Loan: No      |
| RECURSION PHARMACEUTICALS INC                     | Recursion Pharmaceuticals Inc                         | CUSIP: 75629V104<br>LEI: N/A                  | Short            | EC               | CORP              | US        |    -19801 | NS      | $-117815.95   | -0.04%            |  |  |  | No            |                  1 | On Loan: No      |
| REGAL REXNORD CORP                                | Regal Rexnord Corp                                    | CUSIP: 758750103<br>LEI: QH78R09VCJGQKPBPYU33 | Short            | EC               | CORP              | US        |      -943 | NS      | $-144165.84   | -0.05%            |  |  |  | No            |                  1 | On Loan: No      |
| RHYTHM PHARMACEUTICALS INC                        | Rhythm Pharmaceuticals Inc                            | CUSIP: 76243J105<br>LEI: 529900JPNWXQ8DPLA551 | Short            | EC               | CORP              | US        |     -1426 | NS      | $-121537.98   | -0.04%            |  |  |  | No            |                  1 | On Loan: No      |
| RIVIAN AUTOMOTIVE INC                             | Rivian Automotive Inc                                 | CUSIP: 76954A103<br>LEI: 25490004LNKJ84MFYY24 | Short            | EC               | CORP              | US        |    -15160 | NS      | $-195109.20   | -0.07%            |  |  |  | No            |                  1 | On Loan: No      |
| SL GREEN REALTY CORP.                             | SL Green Realty Corp                                  | CUSIP: 78440X887<br>LEI: 549300VQZPJU97H3GT17 | Short            | EC               | CORP              | US        |     -9697 | NS      | $-555153.25   | -0.19%            |  |  |  | No            |                  1 | On Loan: No      |
| SPDR S&P BIOTECH ETF                              | SPDR S&P Biotech ETF                                  | CUSIP: 78464A870<br>LEI: 549300Y3ODFMPD5XXL58 | Short            | EC               | RF                | US        |    -13823 | NS      | $-1184078.18  | -0.41%            |  |  |  | No            |                  1 | On Loan: No      |
| UNITED PARKS & RESORTS INC                        | United Parks & Resorts Inc                            | CUSIP: 81282V100<br>LEI: 529900G0H4NV3IIK3269 | Short            | EC               | CORP              | US        |     -7554 | NS      | $-357530.82   | -0.12%            |  |  |  | No            |                  1 | On Loan: No      |
| SERVICE CORPORATION INTERNATIONAL                 | Service Corp International/US                         | CUSIP: 817565104<br>LEI: 549300RKVM2ME20JHZ15 | Short            | EC               | CORP              | US        |     -7039 | NS      | $-537146.09   | -0.19%            |  |  |  | No            |                  1 | On Loan: No      |
| SHAKE SHACK INC                                   | Shake Shack Inc                                       | CUSIP: 819047101<br>LEI: 529900J74GJAHYP80N79 | Short            | EC               | CORP              | US        |     -1412 | NS      | $-169920.08   | -0.06%            |  |  |  | No            |                  1 | On Loan: No      |
| SPIRAX GROUP PLC                                  | Spirax Group PLC                                      | CUSIP: 000000000<br>LEI: 213800WFVZQMHOZP2W17 | Short            | EC               | CORP              | GB        |     -3046 | NS      | $-254550.14   | -0.09%            |  |  |  | No            |                  2 | On Loan: No      |
| STORA ENSO OYJ                                    | Stora Enso Oyj                                        | CUSIP: 000000000<br>LEI: 7437000ZP669LKUTZ738 | Short            | EC               | CORP              | FI        |    -25922 | NS      | $-266724.12   | -0.09%            |  |  |  | No            |                  2 | On Loan: No      |
| Telia Co AB                                       | Telia Co AB                                           | CUSIP: 000000000<br>LEI: 213800FSR9RNDUOTXO25 | Short            | EC               | CORP              | SE        |    -90641 | NS      | $-320117.81   | -0.11%            |  |  |  | No            |                  2 | On Loan: No      |
| 10X GENOMICS INC                                  | 10X Genomics Inc                                      | CUSIP: 88025U109<br>LEI: 5493003Z6741WNLG7H43 | Short            | EC               | CORP              | US        |     -9014 | NS      | $-121238.30   | -0.04%            |  |  |  | No            |                  1 | On Loan: No      |
| TETRA TECH INC                                    | Tetra Tech Inc                                        | CUSIP: 88162G103<br>LEI: 549300UJ1LP7JGJC5P32 | Short            | EC               | CORP              | US        |     -3910 | NS      | $-143653.40   | -0.05%            |  |  |  | No            |                  1 | On Loan: No      |
| TEXAS CAPITAL                                     | Texas Capital Bancshares Inc                          | CUSIP: 88224Q107<br>LEI: 549300466Q2SXRX0YM48 | Short            | EC               | CORP              | US        |     -5040 | NS      | $-423208.80   | -0.15%            |  |  |  | No            |                  1 | On Loan: No      |
| TG THERAPEUTICS INC                               | TG Therapeutics Inc                                   | CUSIP: 88322Q108<br>LEI: 529900X21UKABN9NJ529 | Short            | EC               | CORP              | US        |     -3343 | NS      | $-118676.50   | -0.04%            |  |  |  | No            |                  1 | On Loan: No      |
| THOR INDUSTRIES INC                               | Thor Industries Inc                                   | CUSIP: 885160101<br>LEI: 254900XZO1228PDSG060 | Short            | EC               | CORP              | US        |     -4107 | NS      | $-373695.93   | -0.13%            |  |  |  | No            |                  1 | On Loan: No      |
| TORO CO                                           | Toro Co/The                                           | CUSIP: 891092108<br>LEI: YJKE4YIT6BWQHVEW0D14 | Short            | EC               | CORP              | US        |     -3471 | NS      | $-257721.75   | -0.09%            |  |  |  | No            |                  1 | On Loan: No      |
| TRACTOR SUPPLY CO                                 | Tractor Supply Co                                     | CUSIP: 892356106<br>LEI: 549300OJ9VZHZRO6I137 | Short            | EC               | CORP              | US        |     -5359 | NS      | $-305195.05   | -0.11%            |  |  |  | No            |                  1 | On Loan: No      |
| TREX COMPANY INC                                  | Trex Co Inc                                           | CUSIP: 89531P105<br>LEI: N/A                  | Short            | EC               | CORP              | US        |     -5722 | NS      | $-367581.28   | -0.13%            |  |  |  | No            |                  1 | On Loan: No      |
| TRUPANION INC                                     | Trupanion Inc                                         | CUSIP: 898202106<br>LEI: 549300J86GFKIDGMQP18 | Short            | EC               | CORP              | US        |     -1958 | NS      | $-92828.78    | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| UNITED BANKSHARES INC                             | United Bankshares Inc/WV                              | CUSIP: 909907107<br>LEI: 5299005O3BAMJ9Z92V62 | Short            | EC               | CORP              | US        |     -6846 | NS      | $-243169.92   | -0.08%            |  |  |  | No            |                  1 | On Loan: No      |
| UNITED NATURAL FOODS INC                          | United Natural Foods Inc                              | CUSIP: 911163103<br>LEI: 549300GKGW6WPZ282D40 | Short            | EC               | CORP              | US        |     -8365 | NS      | $-231208.60   | -0.08%            |  |  |  | No            |                  1 | On Loan: No      |
| UNIVERSAL DISPLAY CORP                            | Universal Display Corp                                | CUSIP: 91347P105<br>LEI: N/A                  | Short            | EC               | CORP              | US        |     -5666 | NS      | $-818170.40   | -0.28%            |  |  |  | No            |                  1 | On Loan: No      |
| VANECK VECTORS SEMICONDUCTOR ETF                  | VanEck Semiconductor ETF                              | CUSIP: 92189F676<br>LEI: 549300MJTG2N9QRH7I02 | Short            | EC               | RF                | US        |     -3422 | NS      | $-988205.16   | -0.34%            |  |  |  | No            |                  1 | On Loan: No      |
| VERICEL CORP                                      | Vericel Corp                                          | CUSIP: 92346J108<br>LEI: 54930076YM3PLTDR4B91 | Short            | EC               | CORP              | US        |    -11358 | NS      | $-396848.52   | -0.14%            |  |  |  | No            |                  1 | On Loan: No      |
| VISA INC                                          | Visa Inc                                              | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Short            | EC               | CORP              | US        |     -3531 | NS      | $-1219854.57  | -0.42%            |  |  |  | No            |                  1 | On Loan: No      |
| WALMART INC                                       | Walmart Inc                                           | CUSIP: 931142103<br>LEI: Y87794H0US1R65VBXU25 | Short            | EC               | CORP              | US        |    -27494 | NS      | $-2693862.12  | -0.94%            |  |  |  | No            |                  1 | On Loan: No      |
| ZURICH INSURANCE GROUP AG                         | Zurich Insurance Group AG                             | CUSIP: 000000000<br>LEI: 529900QVNRBND50TXP03 | Short            | EC               | CORP              | CH        |      -373 | NS      | $-254425.79   | -0.09%            |  |  |  | No            |                  2 | On Loan: No      |
| SWISS RE AG                                       | Swiss Re AG                                           | CUSIP: 000000000<br>LEI: 529900PS9YW3YY29F326 | Short            | EC               | CORP              | CH        |     -1353 | NS      | $-242188.88   | -0.08%            |  |  |  | No            |                  2 | On Loan: No      |
| TREASURY WINE ESTATES LTD                         | Treasury Wine Estates Ltd                             | CUSIP: 000000000<br>LEI: 529900LVOPJGAX6ILK66 | Short            | EC               | CORP              | AU        |    -36892 | NS      | $-178396.05   | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| Sagax                                             | Sagax AB                                              | CUSIP: 000000000<br>LEI: 549300LJX28T6OM8DT95 | Short            | EC               | CORP              | SE        |    -20751 | NS      | $-439207.89   | -0.15%            |  |  |  | No            |                  2 | On Loan: No      |
| GREIF INC                                         | Greif Inc                                             | CUSIP: 397624107<br>LEI: 54930070FVGKR0Z1FI24 | Short            | EC               | CORP              | US        |     -7380 | NS      | $-468113.40   | -0.16%            |  |  |  | No            |                  1 | On Loan: No      |
| HANG SENG BANK LTD                                | Hang Seng Bank Ltd                                    | CUSIP: 000000000<br>LEI: 5493009Z5F07LWZYMK62 | Short            | EC               | CORP              | HK        |    -40800 | NS      | $-594321.52   | -0.21%            |  |  |  | No            |                  2 | On Loan: No      |
| HAYWARD HOLDINGS INC                              | Hayward Holdings Inc                                  | CUSIP: 421298100<br>LEI: N/A                  | Short            | EC               | CORP              | US        |    -29402 | NS      | $-452202.76   | -0.16%            |  |  |  | No            |                  1 | On Loan: No      |
| LOTUS BAKERIES                                    | Lotus Bakeries NV                                     | CUSIP: 000000000<br>LEI: 5493004C0K34IFI67I03 | Short            | EC               | CORP              | BE        |       -26 | NS      | $-219814.86   | -0.08%            |  |  |  | No            |                  2 | On Loan: No      |
| BE SEMICONDUCTOR INDUSTRIES NV                    | BE Semiconductor Industries NV                        | CUSIP: 000000000<br>LEI: 7245007A1YFLI2GNYX06 | Short            | EC               | CORP              | NL        |     -7834 | NS      | $-1058466.29  | -0.37%            |  |  |  | No            |                  2 | On Loan: No      |
| HERSHEY COMPANY THE                               | Hershey Co/The                                        | CUSIP: 427866108<br>LEI: 21X2CX66SU2BR6QTAD08 | Short            | EC               | CORP              | US        |     -2133 | NS      | $-397015.29   | -0.14%            |  |  |  | No            |                  1 | On Loan: No      |
| HIMS & HERS HEALTH INC                            | Hims & Hers Health Inc                                | CUSIP: 433000106<br>LEI: 254900V041EIVTSB6D58 | Short            | EC               | CORP              | US        |     -2218 | NS      | $-146787.24   | -0.05%            |  |  |  | No            |                  1 | On Loan: No      |
| Hinge Health Inc                                  | Hinge Health Inc                                      | CUSIP: 433313103<br>LEI: N/A                  | Short            | EC               | CORP              | US        |     -3232 | NS      | $-145278.40   | -0.05%            |  |  |  | No            |                  1 | On Loan: No      |
| HORMEL FOODS CORP                                 | Hormel Foods Corp                                     | CUSIP: 440452100<br>LEI: MSD54751OJP1FS2ND863 | Short            | EC               | CORP              | US        |     -8877 | NS      | $-249354.93   | -0.09%            |  |  |  | No            |                  1 | On Loan: No      |
| HUSQVARNA AB                                      | Husqvarna AB                                          | CUSIP: 000000000<br>LEI: 549300GYQIIJ3UXB7655 | Short            | EC               | CORP              | SE        |    -56420 | NS      | $-305576.62   | -0.11%            |  |  |  | No            |                  2 | On Loan: No      |
| HYATT HOTELS CORP                                 | Hyatt Hotels Corp                                     | CUSIP: 448579102<br>LEI: T27JQIMTYSH41TCD5186 | Short            | EC               | CORP              | US        |     -2562 | NS      | $-361165.14   | -0.13%            |  |  |  | No            |                  1 | On Loan: No      |
| ICF Intnl                                         | ICF International Inc                                 | CUSIP: 44925C103<br>LEI: 5493003KYFDDC5B3WY64 | Short            | EC               | CORP              | US        |     -2226 | NS      | $-186739.14   | -0.06%            |  |  |  | No            |                  1 | On Loan: No      |
| ILLINOIS TOOL WORKS INC                           | Illinois Tool Works Inc                               | CUSIP: 452308109<br>LEI: 76NA4I14SZCFAYMNSV04 | Short            | EC               | CORP              | US        |     -7084 | NS      | $-1813291.48  | -0.63%            |  |  |  | No            |                  1 | On Loan: No      |
| INFOSYS LTD                                       | Infosys Ltd                                           | CUSIP: 456788108<br>LEI: 335800TYLGG93MM7PR89 | Short            | EC               | CORP              | IN        |    -18298 | NS      | $-305942.56   | -0.11%            |  |  |  | No            |                  1 | On Loan: No      |
| INVESCO QQQ TRUST SERIES 1                        | Invesco QQQ Trust Series 1                            | CUSIP: 46090E103<br>LEI: 549300VY6FEJBCIMET58 | Short            | EC               | RF                | US        |     -7033 | NS      | $-3973715.33  | -1.38%            |  |  |  | No            |                  1 | On Loan: No      |
| Invesco S&P 500 High Beta ETF                     | Invesco S&P 500 High Beta ETF                         | CUSIP: 46138E370<br>LEI: 549300CSGNWSDP34JR53 | Short            | EC               | RF                | US        |    -27174 | NS      | $-2793487.20  | -0.97%            |  |  |  | No            |                  1 | On Loan: No      |
| iShares MSCI USA Momentum Factor ETF              | iShares MSCI USA Momentum Factor ETF                  | CUSIP: 46432F396<br>LEI: 5493002ZOOZ0SN3YYI81 | Short            | EC               | RF                | US        |    -31549 | NS      | $-7612458.21  | -2.65%            |  |  |  | No            |                  1 | On Loan: No      |
| KB HOME                                           | KB Home                                               | CUSIP: 48666K109<br>LEI: 549300LGUCWQURMWLG09 | Short            | EC               | CORP              | US        |     -7560 | NS      | $-417765.60   | -0.15%            |  |  |  | No            |                  1 | On Loan: No      |
| KELLANOVA                                         | Kellanova                                             | CUSIP: 487836108<br>LEI: LONOZNOJYIBXOHXWDB86 | Short            | EC               | CORP              | US        |     -2967 | NS      | $-236855.61   | -0.08%            |  |  |  | No            |                  1 | On Loan: No      |
| MICRON TECHNOLOGY INC                             | Micron Technology Inc                                 | CUSIP: 595112103<br>LEI: B3DXGBC8GAIYWI2Z0172 | Long             | EC               | CORP              | US        |      2970 | NS      | $324145.80    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| MOLINA HEALTHCARE INC                             | Molina Healthcare Inc                                 | CUSIP: 60855R100<br>LEI: 549300NQQCEQ46YHZ591 | Long             | EC               | CORP              | US        |       212 | NS      | $33468.44     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY                                    | Morgan Stanley                                        | CUSIP: 617446448<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EC               | CORP              | US        |      2379 | NS      | $338912.34    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| MOSAIC CO/THE                                     | Mosaic Co/The                                         | CUSIP: 61945C103<br>LEI: 2YD5STGSJNMUB7H76907 | Long             | EC               | CORP              | US        |     21866 | NS      | $787394.66    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| NRG ENERGY INC                                    | NRG Energy Inc                                        | CUSIP: 629377508<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | EC               | CORP              | US        |      5105 | NS      | $853556.00    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| NETAPP INC                                        | NetApp Inc                                            | CUSIP: 64110D104<br>LEI: QTX3D84DZDD5JYOCYH15 | Long             | EC               | CORP              | US        |      4639 | NS      | $483059.07    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| NEXTERA ENERGY INC                                | NextEra Energy Inc                                    | CUSIP: 65339F101<br>LEI: 254900RHL9MEUS5NKX63 | Long             | EC               | CORP              | US        |      6644 | NS      | $472122.64    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| NICE LTD                                          | Nice Ltd                                              | CUSIP: 653656108<br>LEI: 254900YTY4EF5Z4W0A51 | Long             | EC               | CORP              | IL        |      2660 | NS      | $415093.00    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| NISOURCE INC.                                     | NiSource Inc                                          | CUSIP: 65473P105<br>LEI: 549300D8GOWWH0SJB189 | Long             | EC               | CORP              | US        |     19516 | NS      | $828454.20    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| NORDSON CORP                                      | Nordson Corp                                          | CUSIP: 655663102<br>LEI: 14OS6Q5N55N95WM84M53 | Long             | EC               | CORP              | US        |      2654 | NS      | $568513.34    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| NORFOLK SOUTHERN CORPORATION                      | Norfolk Southern Corp                                 | CUSIP: 655844108<br>LEI: 54930036C8MWP850MI84 | Long             | EC               | CORP              | US        |      2176 | NS      | $604928.00    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| GEN DIGITAL INC                                   | Gen Digital Inc                                       | CUSIP: 668771108<br>LEI: YF6ZV0M6AU4FY94MK914 | Long             | EC               | CORP              | US        |     26630 | NS      | $785318.70    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| NOVARTIS AG                                       | Novartis AG                                           | CUSIP: 66987V109<br>LEI: 5493007HIVTX6SY6XD66 | Long             | EC               | CORP              | CH        |      4095 | NS      | $465765.30    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| OGE ENERGY CORPORATION                            | OGE Energy Corp                                       | CUSIP: 670837103<br>LEI: CE5OG6JPOZMDSA0LAQ19 | Long             | EC               | CORP              | US        |     18043 | NS      | $819513.06    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| OMNICOM GROUP INC                                 | Omnicom Group Inc                                     | CUSIP: 681919106<br>LEI: HKUPACFHSSASQK8HLS17 | Long             | EC               | CORP              | US        |      6870 | NS      | $494983.50    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| ORACLE CORPORATION                                | Oracle Corp                                           | CUSIP: 68389X105<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | EC               | CORP              | US        |      3573 | NS      | $906720.21    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| SALESFORCE INC                                    | Salesforce Inc                                        | CUSIP: 79466L302<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | EC               | CORP              | US        |      1868 | NS      | $482560.44    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| SAMSARA INC                                       | Samsara Inc                                           | CUSIP: 79589L106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     21497 | NS      | $817530.91    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| SAMSUNG ELECTRONICS CO LTD                        | Samsung Electronics Co Ltd                            | CUSIP: 000000000<br>LEI: 9884007ER46L6N7EI764 | Long             | EC               | CORP              | KR        |     12219 | NS      | $622728.80    | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| SANOFI SA                                         | Sanofi SA                                             | CUSIP: 000000000<br>LEI: 549300E9PC51EN656011 | Long             | EC               | CORP              | FR        |      1249 | NS      | $112123.66    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| TOYO SUISAN KAISHA LTD                            | Toyo Suisan Kaisha Ltd                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |      3900 | NS      | $249165.73    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| TRAVELERS COMPANIES INC                           | Travelers Cos Inc/The                                 | CUSIP: 89417E109<br>LEI: 549300Y650407RU8B149 | Long             | EC               | CORP              | US        |      1301 | NS      | $338572.24    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| TRIMBLE INC                                       | Trimble Inc                                           | CUSIP: 896239100<br>LEI: 549300E2MI7NSZFQWS19 | Long             | EC               | CORP              | US        |      7829 | NS      | $656774.81    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| COSTCO WHSLE CORP                                 | Costco Wholesale Corp                                 | CUSIP: 22160K105<br>LEI: 29DX7H14B9S6O3FD6V18 | Short            | EC               | CORP              | US        |      -220 | NS      | $-206720.80   | -0.07%            |  |  |  | No            |                  1 | On Loan: No      |
| KRAFT HEINZ CO                                    | Kraft Heinz Co/The                                    | CUSIP: 500754106<br>LEI: 9845007488EC87F5AF14 | Short            | EC               | CORP              | US        |     -8544 | NS      | $-234618.24   | -0.08%            |  |  |  | No            |                  1 | On Loan: No      |
| KUEHNE UND NAGEL INTERNATIONAL AG                 | Kuehne + Nagel International AG                       | CUSIP: 000000000<br>LEI: 529900Q0YED3805QXQ66 | Short            | EC               | CORP              | CH        |      -741 | NS      | $-151074.34   | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| LGI HOMES INC                                     | LGI Homes Inc                                         | CUSIP: 50187T106<br>LEI: 549300W02B4WNV8CV109 | Short            | EC               | CORP              | US        |     -8072 | NS      | $-429995.44   | -0.15%            |  |  |  | No            |                  1 | On Loan: No      |
| LEMONADE INC                                      | Lemonade Inc                                          | CUSIP: 52567D107<br>LEI: 5493009BKR06OXXU6853 | Short            | EC               | CORP              | US        |     -3641 | NS      | $-137192.88   | -0.05%            |  |  |  | No            |                  1 | On Loan: No      |
| LULULEMON ATHLETICA INC                           | Lululemon Athletica Inc                               | CUSIP: 550021109<br>LEI: 549300D9GZ4BMLDW5T40 | Short            | EC               | CORP              | US        |     -1265 | NS      | $-253670.45   | -0.09%            |  |  |  | No            |                  1 | On Loan: No      |
| LUMEN TECHNOLOGIES INC                            | Lumen Technologies Inc                                | CUSIP: 550241103<br>LEI: 8M3THTGWLTYZVE6BBY25 | Short            | EC               | CORP              | US        |    -60580 | NS      | $-269581.00   | -0.09%            |  |  |  | No            |                  1 | On Loan: No      |
| MGM RESORTS INTERNATIONAL                         | MGM Resorts International                             | CUSIP: 552953101<br>LEI: 54930066VBP7DZEGGJ87 | Short            | EC               | CORP              | US        |     -5347 | NS      | $-194898.15   | -0.07%            |  |  |  | No            |                  1 | On Loan: No      |
| SYNTA PHARMACEUTICALS CORP                        | Madrigal Pharmaceuticals Inc                          | CUSIP: 558868105<br>LEI: 549300CHIMT2EUSNJB60 | Short            | EC               | CORP              | US        |      -400 | NS      | $-121004.00   | -0.04%            |  |  |  | No            |                  1 | On Loan: No      |
| MICRON TECHNOLOGY INC                             | Micron Technology Inc                                 | CUSIP: 595112103<br>LEI: B3DXGBC8GAIYWI2Z0172 | Short            | EC               | CORP              | US        |    -15301 | NS      | $-1669951.14  | -0.58%            |  |  |  | No            |                  1 | On Loan: No      |
| ABBOTT LABORATORIES                               | Abbott Laboratories                                   | CUSIP: 002824100<br>LEI: HQD377W2YR662HK5JX27 | Long             | EC               | CORP              | US        |      3375 | NS      | $425891.25    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| ABBVIE INC                                        | AbbVie Inc                                            | CUSIP: 00287Y109<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | EC               | CORP              | US        |      7893 | NS      | $1491934.86   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| ABERCROMBIE & FITCH CO.                           | Abercrombie & Fitch Co                                | CUSIP: 002896207<br>LEI: 5493000J7LL72TOGT983 | Long             | EC               | CORP              | US        |      2593 | NS      | $248979.86    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| ACUITY BRANDS INC.                                | Acuity Inc                                            | CUSIP: 00508Y102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1415 | NS      | $440560.25    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| ADEIA INC                                         | Adeia Inc                                             | CUSIP: 00676P107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     31859 | NS      | $412574.05    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| AECOM                                             | AECOM                                                 | CUSIP: 00766T100<br>LEI: 0EEB8GF0W0NPCIHZX097 | Long             | EC               | CORP              | US        |      6447 | NS      | $726834.78    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| ADVANCED ENERGY INDUSTRIES INC                    | Advanced Energy Industries Inc                        | CUSIP: 007973100<br>LEI: 549300756XI3QLFT2U27 | Long             | EC               | CORP              | US        |     10775 | NS      | $1496863.00   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| AKERO THERAPEUTICS INC                            | Akero Therapeutics Inc                                | CUSIP: 00973Y108<br>LEI: 549300SI3KG74LBE2955 | Long             | EC               | CORP              | US        |     49384 | NS      | $2412408.40   | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| ALLSTATE CORP                                     | Allstate Corp/The                                     | CUSIP: 020002101<br>LEI: OBT0W1ED8G0NWVOLOJ77 | Long             | EC               | CORP              | US        |      2680 | NS      | $544710.00    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| ALPHABET INC                                      | Alphabet Inc                                          | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |      6414 | NS      | $1230846.60   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERICAN ELECTRIC POWER COMPANY INC.              | American Electric Power Co Inc                        | CUSIP: 025537101<br>LEI: 1B4S6S7G0TW5EE83BO58 | Long             | EC               | CORP              | US        |      3987 | NS      | $451089.18    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| BEST BUY CO INC                                   | Best Buy Co Inc                                       | CUSIP: 086516101<br>LEI: HL5XPTVRV0O8TUN5LL90 | Long             | EC               | CORP              | US        |      3152 | NS      | $205069.12    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| BLUE OWL CAPITAL INC                              | Blue Owl Capital Inc                                  | CUSIP: 09581B103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     15307 | NS      | $296190.45    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| BOOKING HOLDINGS INC                              | Booking Holdings Inc                                  | CUSIP: 09857L108<br>LEI: FXM8FAOHMYDIPD38UZ17 | Long             | EC               | CORP              | US        |       237 | NS      | $1304462.22   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| BXP INC                                           | BXP Inc                                               | CUSIP: 101121101<br>LEI: 549300OF70FSEUQBT254 | Long             | EC               | CORP              | US        |      6375 | NS      | $417116.25    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| EQT CORP                                          | EQT Corp                                              | CUSIP: 26884L109<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | EC               | CORP              | US        |     23566 | NS      | $1266672.50   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| EAST WEST BANCORP INC.                            | East West Bancorp Inc                                 | CUSIP: 27579R104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5104 | NS      | $511676.00    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| EBAY INC                                          | eBay Inc                                              | CUSIP: 278642103<br>LEI: OML71K8X303XQONU6T67 | Long             | EC               | CORP              | US        |      3770 | NS      | $345897.50    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| EIFFAGE SA                                        | Eiffage SA                                            | CUSIP: 000000000<br>LEI: 969500OQXKE5WDM9M994 | Long             | EC               | CORP              | FR        |      1659 | NS      | $222696.63    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| EMERSON ELECTRIC CO                               | Emerson Electric Co                                   | CUSIP: 291011104<br>LEI: FGLT0EWZSUIRRITFOA30 | Long             | EC               | CORP              | US        |      1585 | NS      | $230633.35    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| ENEL SPA                                          | Enel SpA                                              | CUSIP: 000000000<br>LEI: WOCMU6HCI0OJWNPRZS33 | Long             | EC               | CORP              | IT        |     62393 | NS      | $550199.77    | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                                | Energy Transfer LP                                    | CUSIP: 29273V100<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | EC               | CORP              | US        |     26576 | NS      | $479431.04    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| INTERDIGITAL WIRELESS INC                         | InterDigital Inc                                      | CUSIP: 45867G101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2718 | NS      | $701787.60    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| INVITATION HOMES INC                              | Invitation Homes Inc                                  | CUSIP: 46187W107<br>LEI: 984500FE452E665C9F85 | Long             | EC               | CORP              | US        |     12431 | NS      | $381010.15    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| IPSEN SA                                          | Ipsen SA                                              | CUSIP: 000000000<br>LEI: 549300M6SGDPB4Z94P11 | Long             | EC               | CORP              | FR        |      1062 | NS      | $125137.83    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| IQVIA HOLDINGS INC                                | IQVIA Holdings Inc                                    | CUSIP: 46266C105<br>LEI: 549300W3R20NM4KQPH86 | Long             | EC               | CORP              | US        |       966 | NS      | $179540.76    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| TWILIO INC                                        | Twilio Inc                                            | CUSIP: 90138F102<br>LEI: 5493004W8TRGD63APX93 | Long             | EC               | CORP              | US        |     30963 | NS      | $3994227.00   | 1.39%             |  |  |  | No            |                  1 | On Loan: No      |
| UCB SA                                            | UCB SA                                                | CUSIP: 000000000<br>LEI: 2138008J191VLSGY5A09 | Long             | EC               | CORP              | BE        |      2814 | NS      | $604602.28    | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| UFP INDUSTRIES INC                                | UFP Industries Inc                                    | CUSIP: 90278Q108<br>LEI: 5493007KB485C9OV5572 | Long             | EC               | CORP              | US        |      3762 | NS      | $368676.00    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| UBER TECHNOLOGIES INC                             | Uber Technologies Inc                                 | CUSIP: 90353T100<br>LEI: 549300B2FTG34FILDR98 | Long             | EC               | CORP              | US        |     11389 | NS      | $999384.75    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| WYNDHAM HOTELS & RESORTS INC                      | Wyndham Hotels & Resorts Inc                          | CUSIP: 98311A105<br>LEI: 549300FE3MQ4RVXXC673 | Long             | EC               | CORP              | US        |      7901 | NS      | $679486.00    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| ZEBRA TECH CORP                                   | Zebra Technologies Corp                               | CUSIP: 989207105<br>LEI: PO0I32GKZ3HZMMDPZZ08 | Long             | EC               | CORP              | US        |      1451 | NS      | $491918.02    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| ZIMMER BIOMET HOLDINGS INC                        | Zimmer Biomet Holdings Inc                            | CUSIP: 98956P102<br>LEI: 2P2YLDVPES3BXQ1FRB91 | Long             | EC               | CORP              | US        |       385 | NS      | $35285.25     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| REXEL SA                                          | Rexel SA                                              | CUSIP: 000000000<br>LEI: 969500N6AVPA51648T62 | Long             | EC               | CORP              | FR        |     13497 | NS      | $407939.51    | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley                                    | TRSWAP: ALAB US EQUITY 07/24/2026                     | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |   -926463 | OU      | $445075.47    | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley                                    | TRSWAP: ALAB US EQUITY 07/24/2026                     | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |   -263688 | OU      | $126676.35    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley                                    | TRSWAP: BBIO US EQUITY 07/24/2026                     | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | GB        |    -38934 | OU      | $252.84       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley                                    | TRSWAP: INSM US EQUITY 07/24/2026                     | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | GB        |   -173645 | OU      | $7444.08      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley                                    | TRSWAP: ATRL CA EQUITY 07/27/2026                     | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | GB        |  -1069946 | OU      | $-6555.23     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley                                    | TRSWAP: ATRL CA EQUITY 07/27/2026                     | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | GB        |   -943587 | OU      | $-5781.06     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley                                    | TRSWAP: INSM US EQUITY 07/24/2026                     | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | GB        |   -680279 | OU      | $29163.33     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley                                    | TRSWAP: NVDA US EQUITY 07/24/2026                     | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | GB        |  -1146933 | OU      | $48175.23     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley                                    | TRSWAP: ALAB US EQUITY 07/24/2026                     | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | GB        |    -53476 | OU      | $25690.23     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley                                    | TRSWAP: ALAB US EQUITY 07/24/2026                     | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | GB        |     -1940 | OU      | $931.77       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley                                    | TRSWAP: NVDA US EQUITY 07/24/2026                     | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | GB        |     -1366 | OU      | $57.36        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley                                    | TRSWAP: MNTN US EQUITY 07/24/2026                     | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | GB        |    -31406 | OU      | $6469.45      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley                                    | TRSWAP: INSM US EQUITY 07/24/2026                     | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | GB        |     -1852 | OU      | $79.38        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley                                    | TRSWAP: ASND US EQUITY 07/24/2026                     | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | GB        |   -404372 | OU      | $-2892.50     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley                                    | TRSWAP: ASND US EQUITY 07/24/2026                     | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | GB        |   -235563 | OU      | $-1685.00     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley                                    | TRSWAP: EXAS US EQUITY 07/24/2026                     | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | GB        |   -357047 | OU      | $-40697.52    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley                                    | TRSWAP: MKSI US EQUITY 07/24/2026                     | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |   -704578 | OU      | $-59257.20    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley                                    | TRSWAP: ALKT US EQUITY 07/24/2026                     | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | GB        |   -341422 | OU      | $-69528.60    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley                                    | TRSWAP: ALKT US EQUITY 07/24/2026                     | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | GB        |   -223752 | OU      | $-45565.80    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley                                    | TRSWAP: ALKT US EQUITY 07/24/2026                     | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | GB        |   -188401 | OU      | $-38366.70    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley                                    | TRSWAP: INSM US EQUITY 07/24/2026                     | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | GB        |  -1038473 | OU      | $44518.95     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley                                    | TRSWAP: LENZ US EQUITY 07/24/2026                     | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | GB        |   -220047 | OU      | $-20022.62    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley                                    | TRSWAP: LENZ US EQUITY 07/24/2026                     | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | GB        |    -44278 | OU      | $-4028.96     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley                                    | TRSWAP: ALKT US EQUITY 07/24/26                       | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | GB        |    -75657 | OU      | $-15407.10    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley                                    | TRSWAP: LENZ US EQUITY 07/24/26                       | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | GB        |    -44114 | OU      | $-4014.06     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley                                    | TRSWAP: LENZ US EQUITY 07/24/26                       | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | GB        |    -44278 | OU      | $-4028.96     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley                                    | TRSWAP: AXON US EQUITY                                | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |   -160362 | OU      | $2068.30      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley                                    | TRSWAP: CRDO US EQUITY                                | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |    -84842 | OU      | $7409.92      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley                                    | TRSWAP: MNDY US EQUITY                                | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |   -128179 | OU      | $-9885.92     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley                                    | TRSWAP: INSM US EQUITY                                | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |   -335253 | OU      | $14372.19     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley                                    | TRSWAP: MKSI US EQUITY                                | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |   -254500 | OU      | $-21404.26    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley                                    | TRSWAP: SEI US EQUITY                                 | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |   -183738 | OU      | $13784.88     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley                                    | TRSWAP: ARGX US EQUITY                                | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |    -53372 | OU      | $10979.52     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley                                    | TRSWAP: CVLT US EQUITY                                | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |   -130383 | OU      | $18158.04     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley                                    | TRSWAP: RBRK US EQUITY                                | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |   -143936 | OU      | $12541.28     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley                                    | TRSWAP: IOT US EQUITY                                 | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |    -42962 | OU      | $468.22       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley                                    | TRSWAP: BBIO US EQUITY                                | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |    -52977 | OU      | $344.04       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley                                    | TRSWAP: TTD US EQUITY                                 | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |   -209603 | OU      | $17101.92     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley                                    | TRSWAP: EQT US EQUITY                                 | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |   -105356 | OU      | $-8122.41     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley                                    | TRSWAP: ESLT US EQUITY                                | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |    -46935 | OU      | $2069.55      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley                                    | TRSWAP: ASND US EQUITY                                | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |   -159022 | OU      | $-1137.50     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley                                    | TRSWAP: LENZ US EQUITY                                | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |    -54987 | OU      | $-5003.42     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley                                    | Axon Enterprise Inc                                   | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |        42 | NC      | $89880.00     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                    | Snowflake Inc                                         | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |        48 | NC      | $6696.00      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                    | Ascendis Pharma A/S                                   | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | DK        |       184 | NC      | $108560.00    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                    | Astera Labs Inc                                       | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |       138 | NC      | $520260.00    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                    | Zoetis Inc                                            | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |       178 | NC      | $28035.00     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                    | iShares Russell 2000 ETF                              | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |      -275 | NC      | $-17875.00    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                    | GeneDx Holdings Corp                                  | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |       124 | NC      | $8370.00      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                    | Boot Barn Holdings Inc                                | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |        69 | NC      | $80730.00     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                    | Goosehead Insurance Inc                               | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |       108 | NC      | $7560.00      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                    | iShares Russell 2000 ETF                              | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |       275 | NC      | $208862.50    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                    | iShares MSCI USA Momentum Factor ETF                  | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |       275 | NC      | $147125.00    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                    | GeneDx Holdings Corp                                  | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |        34 | NC      | $170.00       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                    | Invesco QQQ Trust Series 1                            | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |       205 | NC      | $169945.00    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                    | Goosehead Insurance Inc                               | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |        56 | NC      | $4200.00      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                    | Solaris Energy Infrastructure Inc                     | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |       616 | NC      | $10780.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                    | Micron Technology Inc                                 | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |       137 | NC      | $14796.00     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                    | MKS Inc                                               | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |        82 | NC      | $22755.00     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                    | GeneDx Holdings Corp                                  | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |        21 | NC      | $52.50        | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                    | Axon Enterprise Inc                                   | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |       -14 | NC      | $-8750.00     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                    | Micron Technology Inc                                 | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |        27 | NC      | $4306.50      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                    | GeneDx Holdings Corp                                  | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |        34 | NC      | $425.00       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                    | Kinsale Capital Group Inc                             | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |        17 | NC      | $55080.00     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                    | Microchip Technology Inc                              | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |       410 | NC      | $91225.00     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                    | GeneDx Holdings Corp                                  | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |        35 | NC      | $437.50       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                    | Twilio Inc                                            | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |       137 | NC      | $76035.00     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                    | Trade Desk Inc/The                                    | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |        96 | NC      | $41280.00     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                    | Silicon Motion Technology Corp                        | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | KY        |       205 | NC      | $41000.00     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                    | iShares Russell 2000 ETF                              | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |       273 | NC      | $151651.50    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                    | Spotify Technology SA                                 | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | LU        |        52 | NC      | $44720.00     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                    | Western Digital Corp                                  | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |       109 | NC      | $73030.00     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                    | Glaukos Corp                                          | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |       109 | NC      | $1635.00      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                    | Glaukos Corp                                          | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |      -109 | NC      | $-545.00      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                    | Argenx SE                                             | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | NL        |        23 | NC      | $3450.00      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Accelerant Holdings                               | Accelerant Holdings                                   | CUSIP: G00894108<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |     15003 | NS      | $413182.62    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| ELBIT SYSTEMS LTD                                 | Elbit Systems Ltd                                     | CUSIP: M3760D101<br>LEI: 529900Q9CB1REUMZSS32 | Long             | EC               | CORP              | IL        |      2017 | NS      | $941354.07    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| MONDAY.COM LTD                                    | Monday.com Ltd                                        | CUSIP: M7S64H106<br>LEI: 984500MDAFVD86E3B328 | Long             | EC               | CORP              | IL        |      8592 | NS      | $2253595.68   | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| TOWER SEMICONDUCTOR LTD.                          | Tower Semiconductor Ltd                               | CUSIP: M87915274<br>LEI: 54930086ZSNXZOUX0C54 | Long             | EC               | CORP              | IL        |     45172 | NS      | $2066619.00   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| NXP SEMICONDUCTORS NV                             | NXP Semiconductors NV                                 | CUSIP: N6596X109<br>LEI: 724500M9BY5293JDF951 | Long             | EC               | CORP              | NL        |      1723 | NS      | $368325.71    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| QIAGEN NV                                         | QIAGEN NV                                             | CUSIP: N72482206<br>LEI: 54930036WK3GMCN17Z57 | Long             | EC               | CORP              | NL        |      5369 | NS      | $264906.46    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Acushnet Hldg                                     | Acushnet Holdings Corp                                | CUSIP: 005098108<br>LEI: 529900W5FI106H543E43 | Short            | EC               | CORP              | US        |     -5243 | NS      | $-417447.66   | -0.15%            |  |  |  | No            |                  1 | On Loan: No      |
| ALIGHT INC                                        | Alight Inc                                            | CUSIP: 01626W101<br>LEI: 2549002GDSJCKYY96752 | Short            | EC               | CORP              | US        |    -40046 | NS      | $-214646.56   | -0.07%            |  |  |  | No            |                  1 | On Loan: No      |
| AMERICAN AIRLINES GROUP INC                       | American Airlines Group Inc                           | CUSIP: 02376R102<br>LEI: N/A                  | Short            | EC               | CORP              | US        |    -20834 | NS      | $-239382.66   | -0.08%            |  |  |  | No            |                  1 | On Loan: No      |
| ANAVEX LIFE SCIENCES CORP                         | Anavex Life Sciences Corp                             | CUSIP: 032797300<br>LEI: 549300K1I5L8COCQ8W36 | Short            | EC               | CORP              | US        |     -9953 | NS      | $-112468.90   | -0.04%            |  |  |  | No            |                  1 | On Loan: No      |
| APPLE INC                                         | Apple Inc                                             | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Short            | EC               | CORP              | US        |     -3904 | NS      | $-810353.28   | -0.28%            |  |  |  | No            |                  1 | On Loan: No      |
| AOZORA BANK LTD                                   | Aozora Bank Ltd                                       | CUSIP: 000000000<br>LEI: X0XUGKC9FD2CYUQNC010 | Short            | EC               | CORP              | JP        |    -33800 | NS      | $-495892.99   | -0.17%            |  |  |  | No            |                  2 | On Loan: No      |
| ARCOSA INC                                        | Arcosa Inc                                            | CUSIP: 039653100<br>LEI: 549300WFHLTCZV7D6V29 | Short            | EC               | CORP              | US        |     -2065 | NS      | $-177342.20   | -0.06%            |  |  |  | No            |                  1 | On Loan: No      |
| ASCENDIS PHARMA A/S                               | Ascendis Pharma A/S                                   | CUSIP: 04351P101<br>LEI: 549300B66JN3W3J8GH73 | Short            | EC               | CORP              | DK        |      -849 | NS      | $-147301.50   | -0.05%            |  |  |  | No            |                  1 | On Loan: No      |
| BANK OF HAWAII CORP                               | Bank of Hawaii Corp                                   | CUSIP: 062540109<br>LEI: 5493006Q8BQ8AD8M2U33 | Short            | EC               | CORP              | US        |     -9010 | NS      | $-557538.80   | -0.19%            |  |  |  | No            |                  1 | On Loan: No      |
| BASF SE                                           | BASF SE                                               | CUSIP: 000000000<br>LEI: 529900PM64WH8AF1E917 | Short            | EC               | CORP              | DE        |     -3538 | NS      | $-173395.31   | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| BEIERSDORF AG                                     | Beiersdorf AG                                         | CUSIP: 000000000<br>LEI: L47NHHI0Z9X22DV46U41 | Short            | EC               | CORP              | DE        |     -2184 | NS      | $-271388.82   | -0.09%            |  |  |  | No            |                  2 | On Loan: No      |
| BLACKLINE INC                                     | BlackLine Inc                                         | CUSIP: 09239B109<br>LEI: 529900P9N7PK9LV5EK56 | Short            | EC               | CORP              | US        |     -4442 | NS      | $-238890.76   | -0.08%            |  |  |  | No            |                  1 | On Loan: No      |
| BLACKSTONE GROUP INC                              | Blackstone Inc                                        | CUSIP: 09260D107<br>LEI: 5299004LW4QWGZUB8Y96 | Short            | EC               | CORP              | US        |     -3137 | NS      | $-542575.52   | -0.19%            |  |  |  | No            |                  1 | On Loan: No      |
| BLOOM ENERGY CORPORATION                          | Bloom Energy Corp                                     | CUSIP: 093712107<br>LEI: 549300XB5J9BFW5JXV97 | Short            | EC               | CORP              | US        |    -11002 | NS      | $-411364.78   | -0.14%            |  |  |  | No            |                  1 | On Loan: No      |
| MID-AMERICA APARTMENT COMMUNITIE                  | Mid-America Apartment Communities Inc                 | CUSIP: 59522J103<br>LEI: 549300FQZKFR5YNSHZ21 | Short            | EC               | CORP              | US        |     -2635 | NS      | $-375303.05   | -0.13%            |  |  |  | No            |                  1 | On Loan: No      |
| MISTER CAR WASH INC                               | Mister Car Wash Inc                                   | CUSIP: 60646V105<br>LEI: N/A                  | Short            | EC               | CORP              | US        |    -43159 | NS      | $-249243.23   | -0.09%            |  |  |  | No            |                  1 | On Loan: No      |
| MITSUI OSK LINES LTD                              | Mitsui OSK Lines Ltd                                  | CUSIP: 000000000<br>LEI: 353800P8O843TMAZ6S09 | Short            | EC               | CORP              | JP        |     -5200 | NS      | $-174784.06   | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| MOELIS & CO                                       | Moelis & Co                                           | CUSIP: 60786M105<br>LEI: 549300891QNU7VTQUR83 | Short            | EC               | CORP              | US        |     -8166 | NS      | $-572763.24   | -0.20%            |  |  |  | No            |                  1 | On Loan: No      |
| MONOLITHIC POWER                                  | Monolithic Power Systems Inc                          | CUSIP: 609839105<br>LEI: 529900TB7O85LSZ1XU31 | Short            | EC               | CORP              | US        |      -694 | NS      | $-493600.56   | -0.17%            |  |  |  | No            |                  1 | On Loan: No      |
| MONTROSE ENVIRONMENTAL GROUP INC                  | Montrose Environmental Group Inc                      | CUSIP: 615111101<br>LEI: 254900ASI8K3LUB8Q958 | Short            | EC               | CORP              | US        |    -11073 | NS      | $-251246.37   | -0.09%            |  |  |  | No            |                  1 | On Loan: No      |
| MYRIAD GENETICS INC                               | Myriad Genetics Inc                                   | CUSIP: 62855J104<br>LEI: 52990044IHUOUMETT163 | Short            | EC               | CORP              | US        |     -7264 | NS      | $-27893.76    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| NATIONAL BEVERAGE CORP                            | National Beverage Corp                                | CUSIP: 635017106<br>LEI: 549300O9MZIQJI8TGV17 | Short            | EC               | CORP              | US        |     -4805 | NS      | $-220165.10   | -0.08%            |  |  |  | No            |                  1 | On Loan: No      |
| NEOGEN CORP                                       | Neogen Corp                                           | CUSIP: 640491106<br>LEI: 549300HJT9FC36N4UW43 | Short            | EC               | CORP              | US        |    -10391 | NS      | $-48318.15    | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| NOKIAN RENKAAT OYJ                                | Nokian Renkaat Oyj                                    | CUSIP: 000000000<br>LEI: 743700YQIO8Y4L4WKR40 | Short            | EC               | CORP              | FI        |    -38014 | NS      | $-341279.31   | -0.12%            |  |  |  | No            |                  2 | On Loan: No      |
| NORTHROP GRUMMAN CORP                             | Northrop Grumman Corp                                 | CUSIP: 666807102<br>LEI: RIMU48P07456QXSO0R61 | Short            | EC               | CORP              | US        |      -466 | NS      | $-268700.26   | -0.09%            |  |  |  | No            |                  1 | On Loan: No      |
| NOVANTA INC                                       | Novanta Inc                                           | CUSIP: 67000B104<br>LEI: N/A                  | Short            | EC               | CORP              | CA        |     -4789 | NS      | $-589142.78   | -0.20%            |  |  |  | No            |                  1 | On Loan: No      |
| OCCIDENTAL PETROLEUM CORPORATION                  | Occidental Petroleum Corp                             | CUSIP: 674599105<br>LEI: IM7X0T3ECJW4C1T7ON55 | Short            | EC               | CORP              | US        |     -5897 | NS      | $-259114.18   | -0.09%            |  |  |  | No            |                  1 | On Loan: No      |
| ARS PHARMACEUTICALS INC                           | ARS Pharmaceuticals Inc                               | CUSIP: 82835W108<br>LEI: N/A                  | Short            | EC               | CORP              | US        |     -6949 | NS      | $-122858.32   | -0.04%            |  |  |  | No            |                  1 | On Loan: No      |
| SIMPSON MFG CO INC                                | Simpson Manufacturing Co Inc                          | CUSIP: 829073105<br>LEI: 529900EJUNNL15LZ8056 | Short            | EC               | CORP              | US        |     -1656 | NS      | $-297136.08   | -0.10%            |  |  |  | No            |                  1 | On Loan: No      |
| SITEONE LANDSCAPE SUPPLY INC                      | SiteOne Landscape Supply Inc                          | CUSIP: 82982L103<br>LEI: 5299008LX7SBD4HIAU03 | Short            | EC               | CORP              | US        |     -2290 | NS      | $-315630.70   | -0.11%            |  |  |  | No            |                  1 | On Loan: No      |
| SEGRO PLC                                         | Segro PLC                                             | CUSIP: 000000000<br>LEI: 213800XC35KGM9NFC641 | Short            | EC               | CORP              | GB        |    -37669 | NS      | $-321043.03   | -0.11%            |  |  |  | No            |                  2 | On Loan: No      |
| WENDYS CO                                         | Wendy's Co/The                                        | CUSIP: 95058W100<br>LEI: 529900M0JIUCMWVKHG76 | Short            | EC               | CORP              | US        |    -20675 | NS      | $-203648.75   | -0.07%            |  |  |  | No            |                  1 | On Loan: No      |
| ZOETIS INC                                        | Zoetis Inc                                            | CUSIP: 98978V103<br>LEI: 549300HD9Q1LOC9KLJ48 | Short            | EC               | CORP              | US        |    -17837 | NS      | $-2600456.23  | -0.90%            |  |  |  | No            |                  1 | On Loan: No      |
| NORDEA BANK ABP                                   | Nordea Bank Abp                                       | CUSIP: 000000000<br>LEI: 529900ODI3047E2LIV03 | Long             | EC               | CORP              | FI        |     29319 | NS      | $428078.26    | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| ING GROEP NV                                      | ING Groep NV                                          | CUSIP: 000000000<br>LEI: 549300NYKK9MWM7GGW15 | Long             | EC               | CORP              | NL        |     20326 | NS      | $473706.49    | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley                                    | Akero Therapeutics Inc                                | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |       113 | NC      | $100005.00    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                    | iShares Russell 2000 ETF                              | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |       -71 | NC      | $-497.00      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                    | Solaris Energy Infrastructure Inc                     | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |       471 | NC      | $87135.00     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                    | MNTN Inc                                              | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |       496 | NC      | $421600.00    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                    | iShares Russell 2000 ETF                              | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |       138 | NC      | $34431.00     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                    | Illinois Tool Works Inc                               | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |        69 | NC      | $16215.00     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                    | Invesco QQQ Trust Series 1                            | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |       137 | NC      | $41648.00     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                    | Upstart Holdings Inc                                  | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |       136 | NC      | $127500.00    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                    | iShares Expanded Tech-Software Sector ETF             | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |       411 | NC      | $18495.00     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                    | Expedia Group Inc                                     | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |        82 | NC      | $78105.00     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                    | Vertex Pharmaceuticals Inc                            | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |       -69 | NC      | $-11040.00    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                    | Vertex Pharmaceuticals Inc                            | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |        69 | NC      | $184575.00    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                    | PulteGroup Inc                                        | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |        68 | NC      | $1700.00      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| WHITE MOUNTAINS INS GRP LTD                       | White Mountains Insurance Group Ltd                   | CUSIP: G9618E107<br>LEI: 549300N3FL068JERBG02 | Long             | EC               | CORP              | BM        |       224 | NS      | $400467.20    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| CHUBB LTD                                         | Chubb Ltd                                             | CUSIP: H1467J104<br>LEI: E0JAN6VLUDI1HITHT809 | Long             | EC               | CORP              | CH        |      2414 | NS      | $642220.56    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| SPOTIFY TECHNOLOGY SA                             | Spotify Technology SA                                 | CUSIP: L8681T102<br>LEI: 549300B4X0JHWV0DTD60 | Long             | EC               | CORP              | LU        |      4957 | NS      | $3105758.78   | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| CHECK POINT SOFTWARE TECH LTD.                    | Check Point Software Technologies Ltd                 | CUSIP: M22465104<br>LEI: 2549003ZVBH73EPNS513 | Long             | EC               | CORP              | IL        |      2045 | NS      | $380779.00    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| BOOZ ALLEN HAMILTON HOLDING CORP                  | Booz Allen Hamilton Holding Corp                      | CUSIP: 099502106<br>LEI: 529900JPV47PIUWMA015 | Short            | EC               | CORP              | US        |     -2027 | NS      | $-217557.91   | -0.08%            |  |  |  | No            |                  1 | On Loan: No      |
| BOSTON BEER CO INC                                | Boston Beer Co Inc/The                                | CUSIP: 100557107<br>LEI: 529900Q02MQ0DCQNRM58 | Short            | EC               | CORP              | US        |      -784 | NS      | $-162350.72   | -0.06%            |  |  |  | No            |                  1 | On Loan: No      |
| BRISTOL-MYERS SQUIBB CO                           | Bristol-Myers Squibb Co                               | CUSIP: 110122108<br>LEI: HLYYNH7UQUORYSJQCN42 | Short            | EC               | CORP              | US        |    -64582 | NS      | $-2797046.42  | -0.97%            |  |  |  | No            |                  1 | On Loan: No      |
| BROADCOM INC                                      | Broadcom Inc                                          | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Short            | EC               | CORP              | US        |     -8215 | NS      | $-2412745.50  | -0.84%            |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                    | Argenx SE                                             | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | NL        |        41 | NC      | $296430.00    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                    | NRG Energy Inc                                        | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |        93 | NC      | $82770.00     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                    | MongoDB Inc                                           | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |        68 | NC      | $3910.00      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                    | GeneDx Holdings Corp                                  | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |        34 | NC      | $425.00       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                    | Silicon Motion Technology Corp                        | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | KY        |       410 | NC      | $13325.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                    | Axon Enterprise Inc                                   | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |        14 | NC      | $35490.00     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                    | Exact Sciences Corp                                   | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |       423 | NC      | $83542.50     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                    | Twilio Inc                                            | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |        69 | NC      | $94357.50     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                    | Futu Holdings Ltd                                     | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | KY        |        14 | NC      | $9800.00      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                    | GeneDx Holdings Corp                                  | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |       -68 | NC      | $-4930.00     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-08-20

**Name of Applicant:** Columbia Funds Series Trust I

**Signature:** Martha Skinner

**Name of Signer:** Martha Skinner

**Title:** Assistant Treasurer