# EDGAR Filing Document

**Accession Number:** 0001873280
**File Stem:** 0001752724-25-160463
**Filing Date:** 2025-6
**Character Count:** 28324
**Document Hash:** 84ce098a16107f88f7126b76f9212be0
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-160463.hdr.sgml**: 20250627

**ACCESSION NUMBER**: 0001752724-25-160463

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250531

**FILED AS OF DATE**: 20250627

**DATE AS OF CHANGE**: 20250626

**PERIOD START**: 20250831

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Strategic Trust
- **CENTRAL INDEX KEY:** 0001873280

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23723
- **FILM NUMBER:** 251081566

**BUSINESS ADDRESS:**
- **STREET 1:** 7887 EAST BELLEVIEW AVE.,SUITE 1100
- **CITY:** DENVER
- **STATE:** CO
- **ZIP:** 80111
- **BUSINESS PHONE:** 212-951-0499

**MAIL ADDRESS:**
- **STREET 1:** 7887 EAST BELLEVIEW AVE.,SUITE 1100
- **CITY:** DENVER
- **STATE:** CO
- **ZIP:** 80111

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Kelly Strategic ETF Trust
- **DATE OF NAME CHANGE:** 20210719

## Series and Classes Contracts Data

### RUNNING OAK EFFICIENT GROWTH ETF (Series ID: S000080468)

| Class ID   | Class Name                       | Ticker Symbol   |
|:---|:---|:---|
| C000242877 | RUNNING OAK EFFICIENT GROWTH ETF | RUNN            |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **RUNNING OAK EFFICIENT GROWTH ETF** | **RUNNING OAK EFFICIENT GROWTH ETF** | **RUNNING OAK EFFICIENT GROWTH ETF** |
| **SCHEDULE OF INVESTMENTS (Unaudited)** | **SCHEDULE OF INVESTMENTS (Unaudited)** | **SCHEDULE OF INVESTMENTS (Unaudited)** |
| **May 31, 2025** | **May 31, 2025** | **May 31, 2025** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 98.0%** |  |
|  | **AEROSPACE & DEFENSE - 3.7%** |  |
| 24099 | General Dynamics Corporation | &nbsp;&nbsp;&nbsp; $6711331 |
| 12797 | Teledyne Technologies, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 6383911 |
|  |  | &nbsp;&nbsp; 13095242 |
|  | **APPAREL & TEXTILE PRODUCTS - 1.4%** |  |
| 46796 | Deckers Outdoor Corporation<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 4937914 |
|  | **CHEMICALS - 1.6%** |  |
| 20651 | Air Products and Chemicals, Inc. | &nbsp;&nbsp;&nbsp; 5759770 |
|  | **COMMERCIAL SUPPORT SERVICES - 3.7%** |  |
| 37092 | FTI Consulting, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 6089023 |
| 26903 | Republic Services, Inc. | &nbsp;&nbsp;&nbsp; 6921873 |
|  |  | &nbsp;&nbsp; 13010896 |
|  | **CONSTRUCTION MATERIALS – 1.9%** |  |
| 17608 | Carlisle Companies, Inc. | &nbsp;&nbsp;&nbsp; 6694209 |
|  | **DIVERSIFIED INDUSTRIALS - 6.0%** |  |
| 22372 | Eaton Corporation PLC | &nbsp;&nbsp;&nbsp; 7163514 |
| 30018 | Honeywell International, Inc. | &nbsp;&nbsp;&nbsp; 6804180 |
| 45726 | ITT, Inc. | &nbsp;&nbsp;&nbsp; 6883592 |
|  |  | &nbsp;&nbsp; 20851286 |
|  | **ELECTRICAL EQUIPMENT - 3.9%** |  |
| 34592 | AMETEK, Inc. | &nbsp;&nbsp;&nbsp; 6182974 |
| 111977 | nVent Electric PLC | &nbsp;&nbsp;&nbsp; 7368087 |
|  |  | &nbsp;&nbsp; 13551061 |
|  | **ENGINEERING & CONSTRUCTION - 3.9%** |  |
| 15543 | EMCOR Group, Inc. | &nbsp;&nbsp;&nbsp; 7334120 |
| 50817 | Jacobs Solutions, Inc. | &nbsp;&nbsp;&nbsp; 6418187 |
|  |  | &nbsp;&nbsp; 13752307 |
|  | **HEALTH CARE FACILITIES & SERVICES - 4.8%** |  |
| 20243 | Cigna Group | &nbsp;&nbsp;&nbsp; 6409744 |
| 39911 | ICON PLC<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 5199605 |
| 36573 | IQVIA Holdings, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 5132289 |
|  |  | &nbsp;&nbsp; 16741638 |

---

---

| | | |
|:---|:---|:---|
| **RUNNING OAK EFFICIENT GROWTH ETF** | **RUNNING OAK EFFICIENT GROWTH ETF** | **RUNNING OAK EFFICIENT GROWTH ETF** |
| **SCHEDULE OF INVESTMENTS (Unaudited)(Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited)(Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited)(Continued)** |
| **May 31, 2025** | **May 31, 2025** | **May 31, 2025** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 98.0% (Continued)** | |
|  | **INDUSTRIAL SUPPORT SERVICES - 5.5%** | |
| 62714 | RB Global, Inc. | &nbsp;&nbsp;&nbsp; $6603784 |
| 12756 | Watsco, Inc. | &nbsp;&nbsp;&nbsp; 5658179 |
| 6347 | WW Grainger, Inc. | &nbsp;&nbsp;&nbsp; 6902743 |
|  |  | &nbsp;&nbsp; 19164706 |
|  | **INSTITUTIONAL FINANCIAL SERVICES - 1.9%** |  |
| 37102 | Intercontinental Exchange, Inc. | &nbsp;&nbsp;&nbsp; 6670940 |
|  | **INSURANCE - 7.1%** |  |
| 18567 | Arthur J Gallagher & Company | &nbsp;&nbsp;&nbsp; 6450918 |
| 53521 | Brown & Brown, Inc. | &nbsp;&nbsp;&nbsp; 6042521 |
| 26781 | Marsh & McLennan Companies, Inc. | &nbsp;&nbsp;&nbsp; 6257648 |
| 22316 | Primerica, Inc. | &nbsp;&nbsp;&nbsp; 6038710 |
|  |  | &nbsp;&nbsp; 24789797 |
|  | **INTERNET MEDIA & SERVICES - 1.8%** |  |
| 35993 | Alphabet, Inc., Class C | &nbsp;&nbsp;&nbsp; 6221390 |
|  | **LEISURE FACILITIES & SERVICES - 3.9%** |  |
| 32244 | Darden Restaurants, Inc. | &nbsp;&nbsp;&nbsp; 6906988 |
| 34501 | Texas Roadhouse, Inc. | &nbsp;&nbsp;&nbsp; 6734940 |
|  |  | &nbsp;&nbsp; 13641928 |
|  | **MACHINERY - 9.3%** |  |
| 18534 | Curtiss-Wright Corporation | &nbsp;&nbsp;&nbsp; 8156998 |
| 63689 | Franklin Electric Company, Inc. | &nbsp;&nbsp;&nbsp; 5502093 |
| 73724 | Graco, Inc. | &nbsp;&nbsp;&nbsp; 6241474 |
| 75134 | Ingersoll Rand, Inc. | &nbsp;&nbsp;&nbsp; 6133940 |
| 9880 | Parker-Hannifin Corporation | &nbsp;&nbsp;&nbsp; 6567236 |
|  |  | &nbsp;&nbsp; 32601741 |
|  | **MEDICAL EQUIPMENT & DEVICES - 8.9%** |  |
| 67791 | Alcon, Inc. | &nbsp;&nbsp;&nbsp; 5825959 |
| 33275 | Becton Dickinson and Company | &nbsp;&nbsp;&nbsp; 5742932 |
| 27666 | ResMed, Inc. | &nbsp;&nbsp;&nbsp; 6772360 |
| 27682 | STERIS PLC | &nbsp;&nbsp;&nbsp; 6787903 |
| 16211 | Stryker Corporation | &nbsp;&nbsp;&nbsp; 6202977 |
|  |  | &nbsp;&nbsp; 31332131 |

---

---

| | | |
|:---|:---|:---|
| **RUNNING OAK EFFICIENT GROWTH ETF** | **RUNNING OAK EFFICIENT GROWTH ETF** | **RUNNING OAK EFFICIENT GROWTH ETF** |
| **SCHEDULE OF INVESTMENTS (Unaudited)(Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited)(Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited)(Continued)** |
| **May 31, 2025** | **May 31, 2025** | **May 31, 2025** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 98.0% (Continued)** | |
|  | **RETAIL - DISCRETIONARY - 3.5%** | |
| 51279 | TJX Companies, Inc. | &nbsp;&nbsp;&nbsp; $6507305 |
| 116307 | Tractor Supply Company | &nbsp;&nbsp;&nbsp; 5629259 |
|  |  | &nbsp;&nbsp; 12136564 |
|  | **SOFTWARE - 5.6%** |  |
| 10055 | Intuit, Inc. | &nbsp;&nbsp;&nbsp; 7576141 |
| 10729 | Roper Technologies, Inc. | &nbsp;&nbsp;&nbsp; 6118427 |
| 73605 | SS&C Technologies Holdings, Inc. | &nbsp;&nbsp;&nbsp; 5948020 |
|  |  | &nbsp;&nbsp; 19642588 |
|  | **TECHNOLOGY SERVICES - 16.1%** |  |
| 18397 | Accenture PLC, Class A | &nbsp;&nbsp;&nbsp; 5828537 |
| 71569 | Amdocs LTD | &nbsp;&nbsp;&nbsp; 6567171 |
| 3041 | Amentum Holdings, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 62834 |
| 20705 | Automatic Data Processing, Inc. | &nbsp;&nbsp;&nbsp; 6740099 |
| 26325 | Broadridge Financial Solutions, Inc. | &nbsp;&nbsp;&nbsp; 6392500 |
| 14395 | CACI International, Inc., Class A<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 6161060 |
| 14219 | FactSet Research Systems, Inc. | &nbsp;&nbsp;&nbsp; 6515999 |
| 30111 | Fiserv, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 4901770 |
| 44029 | Leidos Holdings, Inc. | &nbsp;&nbsp;&nbsp; 6539187 |
| 18213 | Visa, Inc., Class A | &nbsp;&nbsp;&nbsp; 6651205 |
|  |  | &nbsp;&nbsp; 56360362 |
|  | **TRANSPORTATION & LOGISTICS - 3.5%** |  |
| 26521 | Norfolk Southern Corporation | &nbsp;&nbsp;&nbsp; 6553869 |
| 21460 | Saia, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 5674239 |
|  |  | &nbsp;&nbsp; 12228108 |
|  | **TOTAL COMMON STOCKS (Cost $333,303,774)** | &nbsp;&nbsp; 343184578 |
|  | **SHORT-TERM INVESTMENTS — 2.0%** |  |
|  | **MONEY MARKET FUND - 2.0%** |  |
| 7098802 | **MONEY MARKET FUND - 2.0%**<br> State Street Institutional U.S. Government Money Market Fund, Opportunity Class,<br> 4.22%<sup>(b)</sup> (Cost $7,098,802) | 7098802 |
|  | **TOTAL INVESTMENTS - 100.0% (Cost $340,402,576)** | &nbsp;&nbsp;&nbsp; $350283380 |
|  | **OTHER ASSETS IN EXCESS OF LIABILITIES- 0.0%<sup>(c)</sup>** | &nbsp;&nbsp; 96865 |
|  | **NET ASSETS - 100.0%** | &nbsp;&nbsp; $350380245 |

---

---

| |
|:---|
| **RUNNING OAK EFFICIENT GROWTH ETF** |
| **SCHEDULE OF INVESTMENTS (Unaudited)(Continued)** |
| **May 31, 2025** |

---

---

| | |
|:---|:---|
| LTD | - Limited Company |
| PLC | - Public Limited Company |
| <sup>(a)</sup><br> <sup>(b)</sup><br> <sup>(c)</sup> | Non-income producing security.<br> Rate disclosed is the seven-day effective yield as of May 31, 2025.<br> Less than 0.01%.<br>|

---

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Strategic Trust

- **b. Investment Company Act file number:** 811-23723

- **c. CIK number of Registrant:** 0001873280

- **d. LEI of Registrant:** 549300DBTMGXJIJI8N21

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

  - **Street Address 1:** 7887 East Belleview Ave.

  - **City:** Denver

  - **State:** CO

  - **Foreign country:** US

  - **Zip / Postal Code:** 80111

  - **Telephone number:** 303-499-1959

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

- **a. Name of Series:** Running Oak Efficient Growth ETF

- **b. EDGAR series identifier (if any):** S000080468

- **c. LEI of Series:** 5493000EQYIDAXKGFH18

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

- **a. Date of fiscal year-end:** 2025-08-31

- **b. Date as of which information is reported:** 2025-05-31

**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:** $350548174.91

**Total Liabilities:** $167929.61

**Net Assets:** $350380245.30

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000242877 | -2.96%               | -1.64%               | 3.86%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $7158272.47              | $2796070.18                                |
| Month 2  | $16.12                   | $-5020715.25                               |
| Month 3  | $304555.69               | $12105449.80                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Fiserv Inc.                                 | FISERV INC       | CUSIP: 337738108<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | EC               | CORP              | US        |     30111 | NS      | $4901769.69   | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Primerica, Inc.                             | PRIMERICA INC    | CUSIP: 74164M108<br>LEI: 254900621R686KJR7022 | Long             | EC               | CORP              | US        |     22316 | NS      | $6038709.60   | 1.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Watsco Inc                                  | WATSCO INC       | CUSIP: 942622200<br>LEI: 549300F1Y3LN5BX5WN75 | Long             | EC               | CORP              | US        |     12756 | NS      | $5658178.92   | 1.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadridge Financial Solutions Inc.         | BROADRIDGE FINL  | CUSIP: 11133T103<br>LEI: 549300KZDJZQ2YIHRC28 | Long             | EC               | CORP              | US        |     26325 | NS      | $6392499.75   | 1.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Honeywell International Inc.                | HONEYWELL INTL   | CUSIP: 438516106<br>LEI: ISRPG12PN4EIEOEMW547 | Long             | EC               | CORP              | US        |     30018 | NS      | $6804180.06   | 1.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Intuit Inc                                  | INTUIT INC       | CUSIP: 461202103<br>LEI: VI90HBPH7XSFMB9E4M29 | Long             | EC               | CORP              | US        |     10055 | NS      | $7576140.85   | 2.16%             |  |  |  | No            |                  1 | On Loan: No      |
| RB Global Inc                               | RB GLOBAL INC    | CUSIP: 74935Q107<br>LEI: 5493002H8U24DJXQ4886 | Long             | EC               | CORP              | CA        |     62714 | NS      | $6603784.20   | 1.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc.                               | ALPHABET INC-C   | CUSIP: 02079K107<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |     35993 | NS      | $6221390.05   | 1.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Amdocs Limited                              | AMDOCS LTD       | CUSIP: G02602103<br>LEI: 549300HQV672RJ7RQV66 | Long             | EC               | CORP              | GG        |     71569 | NS      | $6567171.44   | 1.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Ingersoll Rand Inc                          | INGERSOLL-RAND I | CUSIP: 45687V106<br>LEI: 5299004C02FMZCUOIR50 | Long             | EC               | CORP              | US        |     75134 | NS      | $6133939.76   | 1.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Deckers Outdoor Corp.                       | DECKERS OUTDOOR  | CUSIP: 243537107<br>LEI: 5493008LG4W3I6K8J118 | Long             | EC               | CORP              | US        |     46796 | NS      | $4937913.92   | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Saia Inc                                    | SAIA INC         | CUSIP: 78709Y105<br>LEI: 549300WNPG4N9GBOYB29 | Long             | EC               | CORP              | US        |     21460 | NS      | $5674238.60   | 1.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Republic Services, Inc.                     | REPUBLIC SVCS    | CUSIP: 760759100<br>LEI: NKNQHM6BLECKVOQP7O46 | Long             | EC               | CORP              | US        |     26903 | NS      | $6921872.87   | 1.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Parker-Hannifin Corp.                       | PARKER HANNIFIN  | CUSIP: 701094104<br>LEI: 5493002CONDB4N2HKI23 | Long             | EC               | CORP              | US        |      9880 | NS      | $6567236.00   | 1.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Stryker Corporation                         | STRYKER CORP     | CUSIP: 863667101<br>LEI: 5493002F0SC4JTBU5137 | Long             | EC               | CORP              | US        |     16211 | NS      | $6202977.04   | 1.77%             |  |  |  | No            |                  1 | On Loan: No      |
| ResMed Inc.                                 | RESMED INC       | CUSIP: 761152107<br>LEI: 529900T3QE5253CCXF22 | Long             | EC               | CORP              | US        |     27666 | NS      | $6772360.14   | 1.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Becton, Dickinson and Company               | BECTON DICKINSON | CUSIP: 075887109<br>LEI: ICE2EP6D98PQUILVRZ91 | Long             | EC               | CORP              | US        |     33275 | NS      | $5742932.25   | 1.64%             |  |  |  | No            |                  1 | On Loan: No      |
| FTI Consulting, Inc.                        | FTI CONSULTING   | CUSIP: 302941109<br>LEI: 549300K17GM8EQD0FQ48 | Long             | EC               | CORP              | US        |     37092 | NS      | $6089022.72   | 1.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Roadhouse Inc                         | TEXAS ROADHOUS   | CUSIP: 882681109<br>LEI: 5299002Y1CNRPDGXTQ75 | Long             | EC               | CORP              | US        |     34501 | NS      | $6734940.21   | 1.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Air Products & Chemicals, Inc.              | AIR PRODS & CHEM | CUSIP: 009158106<br>LEI: 7QEON6Y1RL5XR3R1W237 | Long             | EC               | CORP              | US        |     20651 | NS      | $5759770.41   | 1.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Leidos Holdings Inc                         | LEIDOS HOLDINGS  | CUSIP: 525327102<br>LEI: 549300IUTGTP6EJP8124 | Long             | EC               | CORP              | US        |     44029 | NS      | $6539187.08   | 1.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Darden Restaurants, Inc.                    | DARDEN RESTAURAN | CUSIP: 237194105<br>LEI: CY1NFSCCB5GUXC7WZC70 | Long             | EC               | CORP              | US        |     32244 | NS      | $6906987.24   | 1.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Icon PLC                                    | ICON PLC         | CUSIP: G4705A100<br>LEI: 6354008SRQGEMC4XFI67 | Long             | EC               | CORP              | IE        |     39911 | NS      | $5199605.08   | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Accenture PLC                               | ACCENTURE PLC-A  | CUSIP: G1151C101<br>LEI: 5493000EWHDSR3MZWH98 | Long             | EC               | CORP              | IE        |     18397 | NS      | $5828537.54   | 1.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Steris PLC                                  | STERIS PLC       | CUSIP: G8473T100<br>LEI: N/A                  | Long             | EC               | CORP              | IE        |     27682 | NS      | $6787903.22   | 1.94%             |  |  |  | No            |                  1 | On Loan: No      |
| General Dynamics Corporation                | GENERAL DYNAMICS | CUSIP: 369550108<br>LEI: 9C1X8XOOTYY2FNYTVH06 | Long             | EC               | CORP              | US        |     24099 | NS      | $6711330.51   | 1.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Visa Inc                                    | VISA INC-CLASS A | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |     18213 | NS      | $6651205.47   | 1.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Jacobs Solutions Inc.                       | JACOBS SOLUTIONS | CUSIP: 46982L108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     50817 | NS      | $6418187.10   | 1.83%             |  |  |  | No            |                  1 | On Loan: No      |
| CACI International Inc.                     | CACI INTL-A      | CUSIP: 127190304<br>LEI: SYRPI2D1O9WRTS2WX210 | Long             | EC               | CORP              | US        |     14395 | NS      | $6161060.00   | 1.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Teledyne Technologies Inc                   | TELEDYNE TECH    | CUSIP: 879360105<br>LEI: 549300VSMO9KYQWDND94 | Long             | EC               | CORP              | US        |     12797 | NS      | $6383911.42   | 1.82%             |  |  |  | No            |                  1 | On Loan: No      |
| State Street Institutional Investment Trust | SS-INST US-OPP   | CUSIP: 85749T517<br>LEI: 549300P1E098W6ES7M39 | Long             | STIV             | RF                | US        |   7098802 | PA      | $7098801.80   | 2.03%             |  |  |  | No            |                  1 | On Loan: No      |
| SS&C Technologies Holdings Inc.             | SS&C TECHNOLOGIE | CUSIP: 78467J100<br>LEI: 529900POY8H7NPPNKK71 | Long             | EC               | CORP              | US        |     73605 | NS      | $5948020.05   | 1.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Curtiss-Wright Corp.                        | CURTISS-WRIGHT   | CUSIP: 231561101<br>LEI: TEL51ETZWP7D0ZM4X325 | Long             | EC               | CORP              | US        |     18534 | NS      | $8156998.74   | 2.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Emcor Group Inc                             | EMCOR GROUP INC  | CUSIP: 29084Q100<br>LEI: 529900X0SQJB2J7YDU43 | Long             | EC               | CORP              | US        |     15543 | NS      | $7334119.98   | 2.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Automatic Data Processing, Inc.             | AUTOMATIC DATA   | CUSIP: 053015103<br>LEI: HGBOLILQXWER4SAL2I23 | Long             | EC               | CORP              | US        |     20705 | NS      | $6740098.65   | 1.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Amentum Holdings, Inc.                      | AMENTUM HOLDINGS | CUSIP: 023939101<br>LEI: 2549009FJIBLW40CU216 | Long             | EC               | CORP              | US        |      3041 | NS      | $62833.79     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Grainger W W Inc                            | WW GRAINGER INC  | CUSIP: 384802104<br>LEI: 549300TWZSP6O1IH2V34 | Long             | EC               | CORP              | US        |      6347 | NS      | $6902743.32   | 1.97%             |  |  |  | No            |                  1 | On Loan: No      |
| FactSet Research Systems Inc.               | FACTSET RESEARCH | CUSIP: 303075105<br>LEI: 549300ZSJE7NBK6K9P30 | Long             | EC               | CORP              | US        |     14219 | NS      | $6515998.94   | 1.86%             |  |  |  | No            |                  1 | On Loan: No      |
| ITT Inc                                     | ITT INC          | CUSIP: 45073V108<br>LEI: 549300KDSERHTJOXUS80 | Long             | EC               | CORP              | US        |     45726 | NS      | $6883592.04   | 1.96%             |  |  |  | No            |                  1 | On Loan: No      |
| The Cigna Group                             | THE CIGNA GROUP  | CUSIP: 125523100<br>LEI: 549300VIWYMSIGT1U456 | Long             | EC               | CORP              | US        |     20243 | NS      | $6409743.52   | 1.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Carlisle Companies Inc.                     | CARLISLE COS INC | CUSIP: 142339100<br>LEI: XR64VGX1ZPX6G7ZN7Z11 | Long             | EC               | CORP              | US        |     17608 | NS      | $6694209.44   | 1.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Alcon AG                                    | ALCON INC        | CUSIP: H01301128<br>LEI: 549300LDT5AP8S0NBM78 | Long             | EC               | CORP              | CH        |     67791 | NS      | $5825958.54   | 1.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Gallagher Aj &Co                            | ARTHUR J GALLAGH | CUSIP: 363576109<br>LEI: 54930049QLLMPART6V29 | Long             | EC               | CORP              | US        |     18567 | NS      | $6450918.48   | 1.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Intercontinental Exchange Inc               | INTERCONTINENTAL | CUSIP: 45866F104<br>LEI: 5493000F4ZO33MV32P92 | Long             | EC               | CORP              | US        |     37102 | NS      | $6670939.60   | 1.90%             |  |  |  | No            |                  1 | On Loan: No      |
| IQVIA Holdings Inc.                         | IQVIA HOLDINGS I | CUSIP: 46266C105<br>LEI: 549300W3R20NM4KQPH86 | Long             | EC               | CORP              | US        |     36573 | NS      | $5132289.09   | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Marsh & McLennan Companies, Inc.            | MARSH & MCLENNAN | CUSIP: 571748102<br>LEI: 549300XMP3KDCKJXIU47 | Long             | EC               | CORP              | US        |     26781 | NS      | $6257648.46   | 1.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Eaton Corporation PLC                       | EATON CORP PLC   | CUSIP: G29183103<br>LEI: 549300VDIGTMXUNT7H71 | Long             | EC               | CORP              | IE        |     22372 | NS      | $7163514.40   | 2.04%             |  |  |  | No            |                  1 | On Loan: No      |
| NVent Electric PLC                          | NVENT ELECTRIC   | CUSIP: G6700G107<br>LEI: N/A                  | Long             | EC               | CORP              | IE        |    111977 | NS      | $7368086.60   | 2.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Tractor Supply Co                           | TRACTOR SUPPLY   | CUSIP: 892356106<br>LEI: 549300OJ9VZHZRO6I137 | Long             | EC               | CORP              | US        |    116307 | NS      | $5629258.80   | 1.61%             |  |  |  | No            |                  1 | On Loan: No      |
| The TJX Companies Inc.                      | TJX COS INC      | CUSIP: 872540109<br>LEI: V167QI9I69W364E2DY52 | Long             | EC               | CORP              | US        |     51279 | NS      | $6507305.10   | 1.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Franklin Electric Co Inc                    | FRANKLIN ELEC CO | CUSIP: 353514102<br>LEI: RR6AURIKMXUE4Q24G284 | Long             | EC               | CORP              | US        |     63689 | NS      | $5502092.71   | 1.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Norfolk Southern Corporation                | NORFOLK SOUTHERN | CUSIP: 655844108<br>LEI: 54930036C8MWP850MI84 | Long             | EC               | CORP              | US        |     26521 | NS      | $6553869.52   | 1.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Ametek, Inc.                                | AMETEK INC       | CUSIP: 031100100<br>LEI: 549300WZDEF9KKE40E98 | Long             | EC               | CORP              | US        |     34592 | NS      | $6182974.08   | 1.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Graco Inc                                   | GRACO INC        | CUSIP: 384109104<br>LEI: 4T5VJ4S81BRT6Q7GGT78 | Long             | EC               | CORP              | US        |     73724 | NS      | $6241473.84   | 1.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Roper Technologies Inc                      | ROPER TECHNOLOGI | CUSIP: 776696106<br>LEI: 54930003T4SXCIWVXY35 | Long             | EC               | CORP              | US        |     10729 | NS      | $6118426.83   | 1.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Brown & Brown Inc                           | BROWN & BROWN    | CUSIP: 115236101<br>LEI: 549300PC8KTJ71XKFY89 | Long             | EC               | CORP              | US        |     53521 | NS      | $6042520.90   | 1.72%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-06-27

**Name of Applicant:** Strategic Trust

**Signature:** Jim Niemie

**Name of Signer:** Jim Niemie

**Title:** Principal Financial Officer